|
|
trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS
New Plays:
Upside:
Play Date: 09/27/2007
SJR (Shaw Communications--$24.86; -0.22; no options): Cable TV sessions
http://biz.yahoo.com/p/s/sjr.html
EARNINGS: 10-12-07
STATUS: Cup w/handle. Taking another look at SJR as it has set up better, forming a handle the past week to its 8 week base. Used the 50 day EMA as support for the base, showing that buyers stepped in at that key level to support the stock and accumulate some shares. Very low trade so want to see some volume jump as SJR makes the break higher and moves to a new high.
Volume: 216.2K Avg Volume: 459.86K
BUY POINT: $25.65 Volume=690K Target=$30.55 Stop=$24.42
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/sjr.html
Play Date: 09/27/2007
PDE (Pride International--$36.81; +0.76; optionable): Oil and gas drilling
http://biz.yahoo.com/p/p/pde.html
EARNINGS: Early November
STATUS: Cup w/handle. PDE bounced higher on Thursday but alas, no volume yet. It is looking to make the break out from its 8 week base, one that we looked at before but it was not ready to make the move yet. Money flow is leading higher as PDE readies for the break out move. Need to see more volume as it makes the break.
Volume: 1.304M Avg Volume: 2.531M
BUY POINT: $37.05 Volume=3.5M Target=$42.95 Stop=$35.55
POSITION: PDE AG - Jan. $35c (62 delta) &/or Stock
http://www.investmenthouse.com/ct/pde.html
Continuing play ready to move:
Play Date: 09/26/2007
SLB (Schlumberger--$105.03; +2.03; optionable): Oil and gas service company
http://biz.yahoo.com/p/s/slb.html
EARNINGS: 10-19-07
STATUS: Breakout test. Gapped higher above the 10 day EMA, holding a nice gain into the close. Volume was very low, however, and we need to see a bump in trade levels on a continued move higher. Like this test of the breakout, however, as a good entry point. To recap: Broke out of its 9 week cup with handle base just over a week back, rallied, and them came back to test, holding at the 18 day EMA (101.89) on the Wednesday intraday low. Just waiting for a break higher to give us a new entry point.
Volume: 6.218M Avg Volume: 9.696M
BUY POINT: $105.22 Volume=11M Target=$120.95 Stop=$102.11
POSITION: SDB AA - Jan. $105c (55 delta) &/or Stock
http://www.investmenthouse.com/ct/slb.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.
|
trade stock
stock recommendation
|
