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stock recommendation, stock market recommendation
Begin part 3 of 3
THE PLAYS
Upside:
Play Date: 08/07/2007
FTI (FMC Technologies--$92.18; +2.36; optionable): Oil and gas services. Splits 2:1 on 9-4-07
http://biz.yahoo.com/p/f/fti.html
EARNINGS: Announced 7-30-07
STATUS: Test 18 day EMA. Good surge the past three months as FTI rallied to 95, peaking in the last half of July. It has come back to test that move during the market selling, making a nice easy test, and holding at the 18 day EMA (89.70) as it did. Good volume surge Tuesday as the energy stocks started to come back to life. When that happens those that hold up the best during the selling are ready to lead higher as the sector recovers. FTI is one of those leaders.
Volume: 1.354M Avg Volume: 706.604K
BUY POINT: $92.65 Volume=800K Target=$106.45 Stop=$88.11
POSITION: FTI JR - Oct. $90c (63 delta, 160 OI)
http://www.investmenthouse.com/ci/fti.html
Play Date: 08/07/2007
MON (Monsanto--$65.68; +1.77; optionable): Ag chemicals, hybrids
http://biz.yahoo.com/p/m/mon.html
EARNINGS: Announced 6-28-07
STATUS: Test 50 day EMA. MON has formed one of those head and shoulders we see a lot of in the market right now, but head and shoulders were made to be broken. It filled the gap from mid-June on this last drop, gapping down as it did. While that can be a black mark for a stock we like how it held above the 90 day SMA (62.55). All we do is wait for it to make a solid price and volume break higher and we will look at riding MON back up off this test.
Volume: 4.436M Avg Volume: 3.878M
BUY POINT: $66.55 Volume=5M Target=$74.95 Stop=$62.48
POSITION: MON JM - Oct. $65c (62 delta) &/or Stock
http://www.investmenthouse.com/ci/mon.html
Play Date: 08/07/2007
OMCL (Omnicell--$24.11; +0.13; optionable): Medication control and patient safety solutions for acute care health facilities
http://biz.yahoo.com/p/o/omcl.html
EARNINGS: Announced 7-19-07
STATUS: Cup w/handle. A fundamentally strong stock that has used the market selling to test its mid-August breakout from a 12 week cup base. This test held up at the 18 day EMA near support where it moved sideways for almost two weeks as the market sold. Now it is set to make the move higher and we are looking for an entry point when volume surges on the break higher.
Volume: 404.259K Avg Volume: 504.859K
BUY POINT: $24.62 Volume=750K Target=$29.45 Stop=$23.11
POSITION: UMK KX - Nov. $22.50c (67 delta) &/or Stock
http://www.investmenthouse.com/ci/omcl.html
New buy point on current position:
Play Date: 08/07/2007
STP (Suntech Power Holdings--$40.45; +2.25; optionable): Photovoltaic cells and modules
http://biz.yahoo.com/p/s/stp.html
EARNINGS: 8-9-07 before the open
STATUS: Test 50 day EMA. Earnings are coming and STP, after a two week fade following that strong June to mid-July run, is set to move higher. Indeed, it started higher Tuesday on a strong volume surge. Looks ready to run toward earnings. Earnings always raise the risk level, but we like the pullback ahead of earnings and the strength of the stock as it recovers. Aggressive to move in ahead of the earnings results but we like the prospects of this pullback and the stock's strength.
Volume: 4.507M Avg Volume: 2.598M
BUY POINT: $40.88 Volume=3.9M Target=$48.95 Stop=$38.22
POSITION: QSU LH - Dec. $40c (52 delta, 66 OI) &/or Stock
http://www.investmenthouse.com/ci/stp.html
Good Investing!
Jon L. Johnson and your IH Alerts Team
All of the foregoing is commentary for informational purposes only. All statements and expressions are the opinion of Online Investment Services, LP. or its paid consultants and are not meant to be a solicitation or recommendation to buy, sell, or hold securities. We are not licensed or registered in the securities industry. The information presented herein and on our related web site has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. The security portfolio of Partners in Online Investment Services, LP. or its paid consultants may, in some instances, include securities mentioned herein and on our web site. Estimates, assumptions and other forward-looking information are subject to the limits of forecasting. Actual future developments may differ materially due to many factors.
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stock recommendation
stock market recommendation
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