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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS
Upside:
Play Date: 08/13/2007
EMC (EMC Corp.--$19.05; +1.33; optionable): PC data storage devices
http://biz.yahoo.com/p/e/emc.html
EARNINGS: 10-25-07
STATUS: Double bottom. After a nice April breakout followed by a run up the 18 day EMA (18.54) EMC has tested back starting mid-July. It held at some support at the 18 day EMA (18.54) and bounced, but it then undercut that level last week, bouncing up off the 90 day SMA on the Friday intraday test lower. It gapped higher Monday on strong volume as the techs, the large cap techs, enjoyed a nice upside session. Stronger volume on the move. Looking ot move in as EMC continues higher.
Volume: 70.198M Avg Volume: 38.25M
BUY POINT: $19.32 Volume=55M Target=$22.65 Stop=$18.15
POSITION: EMC AT - Jan. $19c (62 delta) &/or Stock
http://www.investmenthouse.com/ci/emc.html
Play Date: 08/13/2007
FNDT (Fundtech Ltd.--$15.40; +0.42; no options): Software
http://biz.yahoo.com/p/f/fndt.html
EARNINGS: Announced 8-8-07
STATUS: Double bottom. Big volume Monday as FNDT surged past the July high at 15.20, clearing the 'hump' in its 14 week double bottom base. Strong money flow is surging higher as FNDT pushes to a new 7 year high. Lighter trade on this one but very strong fundamentally and technically.
Volume: 156.361K Avg Volume: 50K
BUY POINT: $15.55 Volume=100K Target=$18.75 Stop=$14.88
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/fndt.html
Play Date: 08/13/2007
ISRG (Intuitive Surgical--$201.20; +4.10; optionable): Medical appliances
http://biz.yahoo.com/p/i/isrg.html
EARNINGS: 7-19-07
STATUS: Breakout test. Blasted higher in July, gapping out of a long 18 month base. Massive breakout. It has spent the past 4 weeks working laterally as the 10 day EMA (202.84) caught up with it. It ended last week selling off, holding at the 18 day EMA (196.41). Like this shakeout and ready to move in as ISRG rallies higher on some rising trade. Powerful stock.
Volume: 725.889K Avg Volume: 971.788K
BUY POINT: $203.04 Volume=1.2M Target=$245.00 Stop=$196.11
POSITION: AXV JI - Oct. $200c (57 delta)
http://www.investmenthouse.com/ci/isrg.html
Downside:
Play Date: 08/13/2007
AEO (American Eagle Outfitters--$22.81; +0.18; optionable): Apparel stores
http://biz.yahoo.com/p/a/aeo.html
EARNINGS: 8-21-07
STATUS: Put. AEO is ready to turn over once more after that rough drop last week that reversed off the lows on Friday. Monday AEO continued back up but after tapping the 10 day EMA (23.66) on the high it rolled over to close flat. Looking to move in as AEO continues lower. A move to the target lands a 50%ish gain.
Volume: 4.158M Avg Volume: 3.89M
BUY POINT: $22.60 Volume=4.2M Target=$21.00 Stop=$23.21
POSITION: AEO UX - Sept. $22.50p (-47 delta)
http://www.investmenthouse.com/ci/aeo.html
Play Date: 08/13/2007
NTGR (Netgear--$29.84; -1.20; optionable): Telecom equipment
http://biz.yahoo.com/p/n/ntgr.html
EARNINGS: Announced 7-26-07
STATUS: Put. NTGR gapped lower in late July on its earnings result and has clawed back up this month, making it back to 32 where it gapped higher in late April. That makes this a . . . island reversal pattern. Massive gap lower in late July, low volume rebound to test the move, and then turning over Monday on rising, above average volume as it undercut the 200 day SMA (30.43) on the close. Ready to ride this one lower from here. A move to the target lands a 40%ish gain.
Volume: 1.462M Avg Volume: 1.103M
BUY POINT: $29.66 Volume=1.4M Target=$27.50 Stop=$30.45
POSITION: TUD UF - Sept. $30p (-45 delta)
http://www.investmenthouse.com/ci/ntgr.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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trade stock
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