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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
New Plays:
Upside:
Play Date: 09/20/2007
GILD (Gilead Sciences--$39.46; +0.82; optionable): Biotech
http://biz.yahoo.com/p/g/gild.html
EARNINGS: 10-19-07
STATUS: Cup. GILD is jumping of the bottom of a 5 month base, forming a reverse head and shoulders in August and September. That pattern often forms at the bottom of a cup and breaks it higher. GILD is doing just that and looking to move in as it continues the rebound move.
Volume: 7.621M Avg Volume: 7.679M
BUY POINT: $39.65 Volume=9.5M Target=$45.95 Stop=$38.11
POSITION: GDQ AU - Jan. $37.50c (67 delta) &/or Stock
http://www.investmenthouse.com/ct/gild.html
Play Date: 09/20/2007
NE (Noble Corp.--$49.45; +0.92; optionable): Oil and gas drilling
http://biz.yahoo.com/p/n/ne.html
EARNINGS: 10-17-07
STATUS: Double bottom. NE formed a nice 3 month double bottom December 2006 to February 2007 and broke higher, rallying sharply higher through July. It peaked and is now working on another double bottom, coming off the lows this week on some rising volume. Looking for a strong jump in volume as NE continues the break higher and gives us an entry point for the next run.
Volume: 4.121M Avg Volume: 6.108M
BUY POINT: $49.78 Volume=9M Target=$59.85 Stop=$47.94
POSITION: NE AW - Jan $47.50c (64 delta) &/or Stock
http://www.investmenthouse.com/ct/ne.html
Play Date: 09/20/2007
TRMB (Trimble Navigation--$37.00; -0.68; optionable): Positioning devices
http://biz.yahoo.com/p/t/trmb.html
EARNINGS: 10-30-07
STATUS: Double bottom w/handle. Okay, looking at TRMB again. It broke higher this week in its 7 week base formed over the 50 day EMA (35.20) and is now testing back toward the 10 day EMA (36.54) to form the handle on very low, below average volume. Strong money flow is holding up as it makes this test. Looking to play a strong bounce off the 10 day EMA as our entry point to ride it higher to yet a new all-time high.
Volume: 545.367K Avg Volume: 821.891K
BUY POINT: $36.78 Volume=900K Target=$42.88 Stop=$35.65
POSITION: TUH AG - Jan. $35c (63 delta) &/or Stock
http://www.investmenthouse.com/ct/trmb.html
Good Investing!
Jon L. Johnson and your Technical Traders Report 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 investment information
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