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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS
Upside:
Play Date: 10/25/2007
AGU (Agrium--$57.55; +2.54; optionable): Ag chemicals
http://biz.yahoo.com/p/a/agu.html
EARNINGS: 11-1-07
STATUS: Test 18 day EMA. Volume surged Thursday as AGU jumped off the week long test of the 18 day EMA (54.70). It broke out from a 9 week base in early September and has rallied up the 18 day EMA, using that as support. It made us some great money on the early stage of the run, and it is just starting its third leg higher. A strong stock will make 4 to 5 such runs after the breakout, and that means AGU has plenty of room to make us some more good money as it continues higher.
Volume: 2.222M Avg Volume: 1.656M
BUY POINT: $57.72 Volume=1.7M Target=$66.45 Stop=$54.65
POSITION: AGU AK - Jan. $55c (64 delta0 &/or Stock
http://www.investmenthouse.com/ci/agu.html
Play Date: 10/26/2007
CNQ (Canadian Natural Resources--$78.86; +2.53; optionable): Canadian tar sands, etc.
http://biz.yahoo.com/p/c/cnq.html
EARNINGS: 11-1-07
STATUS: Cup w/handle. CNQ broke higher Thursday, moving out of the current 6 week base that formed right on the heels of the September breakout from a similar 7 week base. Nice base on base pattern, and that tends to really work out the sellers and clear the path for a strong run higher. With oil over $90/bbl, these stocks have a lot of money heading their way.
Volume: 2.188M Avg Volume: 1.974M
BUY POINT: $79.11 Volume=2M Target=$90.95 Stop=$76.42
POSITION: CNQ AP - Jan. $80c (49 delta) or CNQ AO - Jan. $75c (72 delta) &/or Stock
http://www.investmenthouse.com/ci/cnq.html
Play Date: 10/25/2007
DE (Deere & Co.--$147.34; -1.53; optionable): Farm and construction equipment. Splits 2:1 on a date to be announced
http://biz.yahoo.com/p/d/de.html
EARNINGS: 11-21-07
STATUS: Test 50 day EMA. After the early September breakout and run up the 18 day EMA (148.53) into mid-October, DE has dropped to test deeper support at the 50 day EMA (142.35) the past week, making a short double bottom at that level. Volume moved up to average Thursday, and looking for even stronger trade as DE breaks higher through the 10 day EMA (148.92) and gives us a buy as it stars the next trend higher off of this test of the key 50 day EMA.
Volume: 2.638M Avg Volume: 2.74M
BUY POINT: $149.11 Volume=3M Target=$164.95 Stop=$144.95
POSITION: DE AJ - Jan. $150c (52 delta)
http://www.investmenthouse.com/ci/de.html
Play Date: 10/25/2007
IDC (Interactive Data Corp.--$31.11; +1.03; no options): Real time data services
http://biz.yahoo.com/p/i/idc.html
EARNINGS: 10-25-07
STATUS: Cup w/handle breakout. Nice above average volume the past three sessions as IDC found the 50 day EMA and then jumped higher. With the indices making stellar moves, it makes sense that a real time data provider is moving as well. Excellent 24 week base set up a great foundation for the breakout and run into new high territory. Ready to move in as it continues higher and then we will look to add positions after its first successful test of the breakout move.
Volume: 292.7K Avg Volume: 301.633K
BUY POINT: $31.48 Volume=300K Target=$36.45 Stop=$29.88
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/idc.html
Good Investing!
Jon L. Johnson and your IH Alerts 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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trade stock
stock recommendation
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