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trading system, stock trading system
Begin part 3 of 3
THE PLAYS
Upside:
Play Date: 10/01/2007
ALGN (Align Tech--$27.06; +1.73; optionable): Medical appliances
http://biz.yahoo.com/p/a/algn.html
EARNINGS: 10-24-07
STATUS: Reverse head and shoulders. Volume was up last week as ALGN bounced higher and through the 50 day EMA, and it was up again Monday as it broke higher once more, clearing the July consolidation range. This move is taking it out of its 10 week base as it follows some strong money flow toward a new high. Strong move and looking to enter as it continues to run higher.
Volume: 1.62M Avg Volume: 1.186M
BUY POINT: $27.65 Volume=1.2M Target=$33.25 Stop=$25.89
POSITION: CUA AE - Jan. $25c (69 delta) &/or Stock
http://www.investmenthouse.com/cd/algn.html
Play Date: 10/01/2007
BGC (General Cable--$70.10; +2.99; optionable): Wire
http://biz.yahoo.com/p/b/bgc.html
EARNINGS: 10-30-07
STATUS: Double bottom w/handle. Some big volume spikes last week in the handle to BGC's 10 week base. This base was needed after a long, strong run from 2004 to July of this year. Some move. It based out, cooled off, shook out some sellers, and has laid the foundation for the next move higher. Looking for volume to jump up once more as BGC lays the cable for the next run higher.
Volume: 1.35M Avg Volume: 1.75M
BUY POINT: $70.48 Volume=2.5M Target=$81.45 Stop=$66.48
POSITION: BGC BN - Feb. $70c (53 delta) &/or Stock
http://www.investmenthouse.com/cd/bgc.html
Play Date: 10/01/2007
EPIQ (Epiq Systems--$19.74; +0.92; optionable): Business system software
http://biz.yahoo.com/p/e/epiq.html
EARNINGS: 10-31-07
STATUS: Breakout test. Nice strong surge higher in early September as EPIQ broke higher from a 13 week trading range. After that break higher it worked laterally for a couple of weeks, waiting for the 10 day EMA (19.02) to catch up with it. It did and Monday it bounced off that level on stronger, above average volume. Looks ready to continue the run higher, the second leg of the breakout move.
Volume: 347.889K Avg Volume: 308.592K
BUY POINT: $19.94 Volume=350K Target=$23.95 Stop=$18.65
POSITION: FQU AW - Jan. $17.50c (75 delta, 143 OI) &/or Stock
http://www.investmenthouse.com/cd/epiq.html
Play Date: 10/01/2007
MA (MasterCard--$153.37; +5.40; optionable): Credit services
http://biz.yahoo.com/p/m/ma.html
EARNINGS: 10-31-07
STATUS: Cup w/handle. MA is picking up some volume as it breaks out of the handle to its 10 week base. Made a higher low at the 50 day EMA last week and broke above the handle high on Monday. MA is one of the financials that is picking up the pace after a good base consolidated the strong run in the first half of the year. Looking for volume to continue as MA keeps the move going.
Volume: 3.714M Avg Volume: 3.537M
BUY POINT: $153.88 Volume=4M Target=$172.95 Stop=$149.88
POSITION: MAL AJ - Jan. $150c (61 delta)
http://www.investmenthouse.com/cd/ma.html
SUBSCRIBER PORTFOLIO: These are stocks subscribers suggest by vote that we put in a portfolio to track and move into the stocks if they perform well. If you have any suggestions for additions or deletions, email us. We don't cover them all each report, just when something interesting is developing.
AAPL, AKAM, CELG, EDU, GME, GOOG, MA, PCLN, NVDA, VLO
NVDA: Now that is what we want as NVDA comes to life and to a new all-time high. No volume but just going to let it continue to run higher for us.
Good Investing!
Jon L. Johnson and The Daily Staff
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 of 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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trading system
stock trading system
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