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trade stock, top stock pick
Begin part 3 of 3
THE PLAYS
Upside: Some of those leaders holding up under fire we talked about.
Play Date: 08/28/2007
ARTC (Arthrocare--$54.41; -0.72; optionable): Medical appliances
http://biz.yahoo.com/p/a/artc.html
EARNINGS: 7-26-07
STATUS: Breakout test. ARTC is testing the 10 day EMA (54.41) as it makes a higher low in its 3 week consolidation of its strong late July breakout and surge to 58. An up and down test, but making higher highs as ARTC sets up for the next break higher. Low volume on this last part of the test so just looking for some pickup in trade to pick up ARTC for its next run.
Volume: 297.978K Avg Volume: 499.52K
BUY POINT: $56.25 Volume=750K Target=$64.95 Stop=$53.39
POSITION: ARU LK - Dec. $55c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/artc.html
Play Date: 08/28/2007
IBM (International Business Machines--$112.00; -1.44; optionable)
http://biz.yahoo.com/p/i/ibm.html
EARNINGS: 7-18-07
STATUS: Double bottom w/handle. IBM is forming a little handle at the 18 day EMA (111.72), easing back after a break off the 50 day EMA that supported the second leg lower in this 5 week base. IBM has held up exceptionally well in the market selling, and this test is setting up a nice break higher. One of those leaders we talked about, holding its support as the market sells.
Volume: 6.007M Avg Volume: 8.945M
BUY POINT: $114.11 Volume=10M Target=$130.00 Stop=$109.89
POSITION: IBM AC - Jan. $115c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/ibm.html
Play Date: 08/28/2007
UTHR (United Therapeutics--$67.86; +0.04; optionable): Drugs
http://biz.yahoo.com/p/u/uthr.html
EARNINGS: 7-31-07
STATUS: Ascending base. Nice, easy higher low at the 50 day EMA (66.42) the past week in a nice tight range in the 14 week base. Nice higher lows up the 50 day EMA is setting UTHR up for what looks to be a strong break higher.
Volume: 374.892K Avg Volume: 703.886K
BUY POINT: $68.28 Volume=1M Target=$78.65 Stop=$66.32
POSITION: FUH KM - Nov. $65c (68 delta) or FUH JN - Jan. $70c (47 delta) &/or Stock
http://www.investmenthouse.com/ci/uthr.html
Downside:
Play Date: 08/28/2007
XLE (Spdr Energy Sector--$66.75; -1.65; optionable)
http://biz.yahoo.com/p/x/xle.html
STATUS: Put. Volume has jumped as XLE turns lower from the 50 day EMA (68.47) and something of a double top from early August and last week. Looking for a run down to some support at 64. The 200 day SMA is at 63, and if it wants to go there, we will let it. A move to the target lands a 40%ish gain.
Volume: 19.639M Avg Volume: 24.091M
BUY POINT: $66.55 Volume=2.4M Target=$64.00 Stop=$67.91
POSITION: XBT VO - Oct. $67p (-45 delta)
http://www.investmenthouse.com/ci/xle.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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