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trade stock, stock split
Begin part 3 of 3
THE PLAYS
Upside:
Play Date: 08/22/2007
ARGN (Amerigon--$19.34; +0.15; no options): Electronics for sale as OEM on cars and trucks
http://biz.yahoo.com/p/a/argn.html
EARNINGS: 8-6-07
STATUS: Reverse head and shoulders. Nice low, below average volume as ARGN works laterally in a very tight range, holding above the 10 day EMA (18.95) as it does. Nice finishing touches to its 7 week base that is setting up a break to a 6 year high. Excellent money flow is leading higher as it finishes up the base. Excellent action ready for a new high.
Volume: 161.462K Avg Volume: 291.664K
BUY POINT: $20.11 Volume=437K Target=$24.22 Stop=$18.72
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/argn.html
Play Date: 08/22/2007
JKHY (Jack Henry & Assoc.--$26.64; +0.87; optionable): Data management to banks, credit unions
http://biz.yahoo.com/p/j/jkhy.html
EARNINGS: 8-21-07
STATUS: Reverse head and shoulders. Volume jumped Wednesday after JKHY reported strong earnings and headed toward the breakout from its 11 week base that has set up a run at JKHY's all-time high hit back in the salad days of 2001. Strong money flow is leading the way and ready for JKHY to make the break higher and make us . . . some jack (pretty weak).
Volume: 888.37K Avg Volume: 693.096K
BUY POINT: $27.11 Volume=1M Target=$31.95 Stop=$25.32
POSITION: JKQ LE - Dec. $25c (69 delta) &/or Stock
http://www.investmenthouse.com/ci/jkhy.html
Play Date: 08/22/2007
RVBD (Riverbed Technologies--$44.70; +2.80; optionable): Networking and communication equipment
http://biz.yahoo.com/p/r/rvbd.html
EARNINGS: 7-26-07
STATUS: Volume us jumping as RVBD does the same thing off the 90 day SMA Tuesday and through the 50 day EMA (42.55) on Wednesday. Money flow is surging higher and we are ready to move in as RVBD continues this solid break higher. A new issue in September 2006, RVBD is celebrating early for its first birthday.
Volume: 1.96M Avg Volume: 1.321M
BUY POINT: $45.11 Volume=1.4M Target=$53.95 Stop=$42.45
POSITION: UEX LI - Dec. $45c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/rvbd.html
Play Date: 08/22/2007
WMS (Williams Industries--$29.17; +1.52; optionable): Gaming machines and video lottery terminals
http://biz.yahoo.com/p/w/wms.html
EARNINGS: 8-7-07
STATUS: Reverse head and shoulders. A common pattern among the strong after that late July and early August dive lower. WMS split in mid-June and then as is often the case it took a breather and formed a new base to set up the next run higher. Very nice action, rebounding after that early August sell off on very strong upside volume. That trade was higher again Wednesday as WMS broke higher off a quick 50 day EMA test that finished the right shoulder to the pattern. Money flow is surging higher ahead of price and we are looking to enter WMS as it continues higher and shows the breakout move.
Volume: 782K Avg Volume: 585.664K
BUY POINT: $29.95 Volume=878K Target=$34.50 Stop=$27.95
POSITION: WUF AX - Jan. $26.63c (73 delta, 87 OI) &/or Stock
http://www.investmenthouse.com/ci/wms.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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