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trading system, stock trading system
Begin part 3 of 3
Full Report Issues Tuesday.
THE PLAYS:
New Post-Spit Plays:
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/cs/epiq.html
Leader:
Play Date: 10/01/2007
FLS (Flowserve--$77.88; +1.70; optionable): Flow control equipment for oil and gas, power generation, water treatment, etc.
http://biz.yahoo.com/p/f/fls.html
EARNINGS: First week of November
STATUS: Breakout test. Volume jumped to end last week and FLS jumped higher and made a tentative breakout from a 10 week reverse head and shoulders base. Good volume on the break higher, and even better volume Monday as it bounced off the 10 day EMA test made on Friday. Looking for solid volume to continue as FLS pushes higher off of this test. That will give us the buy as it shows the buyers still want it even at a higher price following the breakout move.
Volume: 858.9K Avg Volume: 547.386K
BUY POINT: $78.35 Volume=850K Target=$89.95 Stop=$75.95
POSITION: FLS AO - Jan. $75c (57 delta, low OI) &/or Stock
http://www.investmenthouse.com/cs/fls.html
Good Investing!
Jon L. Johnson and the Stock Split Report 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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