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stock recommendation, stock option
Begin part 3 of 3
New 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/ct/agu.html
Play Date: 10/25/2007
CNX (Consol Energy--$53.67; +3.63; optionable): Industrial metals and minerals
http://biz.yahoo.com/p/c/cnx.html
EARNINGS: Announced 10-25-07 pre-market
STATUS: Reverse head and shoulders breakout. Strong earnings propelled CNX sharply higher on strong volume Thursday as it cleared the October high that was the breakout peak hit after the early October breakout. CNX formed a very nice 18 week pattern and then shot higher starting the second week of October. Nice rally then a test starting with last Fridays selling. It held the 18 day EMA (49.42) on the lows and then shot higher Thursday. Nice action. Looking to move in as it continues higher and then adding some positions on the first test of the move. Very solid.
Volume: 4.669M Avg Volume: 2.909M
BUY POINT: $53.92 Volume=3M Target=$61.97 Stop=$51.89
POSITION: CNX AX - Jan. $52.50c (59 delta) &/or Stock
http://www.investmenthouse.com/ct/cnx.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/ct/idc.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.
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stock recommendation
stock option
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