|
|
trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS
Upside:
Play Date: 10/06/2007
AMX (America Movil--$65.50; +2.10; optionable): Latin American wireless communications
http://biz.yahoo.com/p/a/amx.html
EARNINGS: 10-23-07
STATUS: Reverse head and shoulders. Taking another run at AMX after it sold on some rising volume midweek, but then recovered off the 18 day EMA off the 18 day EMA (63.51), bouncing higher on the best volume in three weeks Friday. This move is taking AMX out of a 15 week base toward a new all-time high. After a solid April to early July run from the last breakout, this base is setting up a nice foundation for the next breakout and run higher. Solid volume Friday as it bounced off near support and heads toward a new breakout.
Volume: 7.116M Avg Volume: 5.849M
BUY POINT: $65.88 Volume=7.5M Target=$75.95 Stop=$63.92
POSITION: AMX AM - Jan. $65c (58 delta) &/or Stock
http://www.investmenthouse.com/cd/amx.html
Play Date: 10/06/2007
COG (Cabot Oil & Gas--$37.23; +1.08; optionable): Independent oil and gas
http://biz.yahoo.com/p/c/cog.html
EARNINGS: 10/25/07
STATUS: Double bottom w/handle. After a 4 month rest and basing period, the independent oil and gas stocks are shaping up for a new breakout move. COG is one doing just that. After a nice run from March into June it has formed the current 15 week base. Volume surged to end last week, and on Friday COG jumped higher on the best volume in 2 months. Money flow is plowing higher and leading the way for price to follow. Ready to move in as COG continues the run higher.
Volume: 1.331M Avg Volume: 873.574K
BUY POINT: $37.57 Volume=1.3M Target=$43.65 Stop=$35.91
POSITION: COG AG - Jan. $35c (73 delta) &/or Stock
http://www.investmenthouse.com/cd/cog.html
Play Date: 10/06/2007
GPOR (Gulfport Energy--$24.02; +0.34; no options): Independent oil and gas
http://biz.yahoo.com/p/g/gpor.html
EARNINGS: 11-8-07
STATUS: Breakout test. A new issue in March 2006, GPOR just came out of its second base since going IPO, surging higher in late September out of a 9 week cup base. It came back to test last week, holing at the consolidation range at 22 and right at the 10 day EMA. It bounced off that support to end the week, and we are looking to move in as it continues higher on the breakout move after this test. That move will, of course, take it to a new all-time high.
Volume: 292.025K Avg Volume: 300K
BUY POINT: $24.35 Volume=310K Target=$29.45 Stop=$22.65
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/gpor.html
Play Date: 10/06/2007
OMCL (Omnicell--$28.95; -0.05; optionable): Medication control and patient safety solutions for acute care facilities
http://biz.yahoo.com/p/o/omcl.html
EARNIGNS: 10-18-07
STATUS: Breakout test. OMCL made us some very nice green on its breakout and run higher from its 15 week cup with handle base. After the big run it surged on Monday and started to reverse so we took some strong gain off the table. It checked up, however, and held at the 10 day EMA (28.56) on the Thursday and Friday lows as volume tapered off to below average. This is just the second test of the breakout, and that leaves another 2 to 3 more bounces up off this near support ahead. That gives OMCL plenty of room upside to make us some more solid gain as it continues its breakout run.
Volume: 372.455K Avg Volume: 512.221K
BUY POINT: $29.45 Volume=750K Target=$35.45 Stop=$28.38
POSITION: UMK AF - Jan. $30c (52 delta) &/or Stock
http://www.investmenthouse.com/cd/omcl.html
Play Date: 10/06/2007
SAY (Satyam Computer Services--$27.53; +0.62; optionable): IT services and process outsourcing (India)
http://biz.yahoo.com/p/s/say.html
EARNINGS: 10-19-07
STATUS: Double bottom. SAY broke from an 11 week double bottom last week, making the initial move Wednesday but giving it all back that session. Volume remained strong Thursday and Friday as SAY held and then continued the break higher. A solid leading stock that is looking for a new high on this move. Ready to move in as it continues higher.
Volume: 1.871M Avg Volume: 1.289M
BUY POINT: $28.05 Volume=1.4M Target=$32.85 Stop=$26.48
POSITION: SAY AE - Jan. $25c (77 delta) &/or Stock
http://www.investmenthouse.com/cd/say.html
Play Date: 10/06/2007
SSRX (3Sbio, Inc.--$18.60; +1.72; no options): Biotechnology
http://biz.yahoo.com/p/s/ssrx.html
EARNINGS: Early November
STATUS: Breakout test. A new issue in February, SSRX started its life by falling into a 7 month cup with handle base. It formed the handle to end September, and then broke higher to start October in a strong surge on strong volume. It came back to test the 10 day EMA (16.19) to end the week and then bounced positive Friday on stronger volume. Looking to move in as it continues higher because it has the momentum and the buying behind it.
Volume: 1.475M Avg Volume: 175.814K
BUY POINT: $18.89 Volume=1M Target=$23.78 Stop=$17.57
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/ssrx.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
GME: After the thud down to the 18 day EMA Thursday, GME was right back up on rising trade and that indicates it is going to make its third run after the last breakout.
GOOG: Gapping higher and rallying further on a lot of volume.
PCLN: Surging higher out of the 2 week lateral consolidation
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.
|
trade stock
stock recommendation
|
