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trade stock, stock split
Begin part 3 of 3
THE PLAYS:
New Post split plays:
Play Date: 10/31/2007
FTK (Flotek Industries--$50.80; -1.32; optionable): Pumps, oilfield equipment
http://biz.yahoo.com/p/f/ftk.html
EARNINGS: 11-1-07 before the open
STATUS: Test breakout. FTK gapped higher Monday on strong volume, clearing a short 3 week cup that formed at near support at the 18 day EMA. After that gap higher it came back to test, holding at the 10 day EMA (49.73) on the Wednesday low. Earnings are out before the open and we will see if that gives FTK a boost of the test and not so much such that it allows us a good entry point as FTK continues its run higher.
Volume: 831.482K Avg Volume: 470.212K
BUY POINT: $51.27 Volume=700K Target=$61.75 Stop=$49.57
POSITION: FTK CJ - Mar. $50c (54 delta) &/or Stock
http://www.investmenthouse.com/cs/ftk.html
New Pre-Announcement plays/buy points:
Play Date: 10/31/2007
BG (Bunge Ltd.--$115.19; +1.10; optionable): Soybean
http://biz.yahoo.com/p/b/bg.html
EARNINGS: Announced 10-25-07
STATUS: Test 10 day EMA. BG is coming back to test a big surge on its earnings report out last week. That broke it higher from a 3 week consolidation of a strong September run. BG continues its stair-step up the 18 day EMA as it runs higher after the breakout move. Nice low volume pullback to test the most recent break higher, and looking to move in as BG continues higher on a rise in volume.
Volume: 880.65K Avg Volume: 1.133M
BUY POINT: $115.88 Volume=1.2M Target=$133.45 Stop=$112.12
POSITION: BG AC - Jan. $115c (53 delta) &/or Stock
http://www.investmenthouse.com/cs/bg.html
Play Date: 10/31/2007
JOYG (Joy Global--$58.06; +1.35; optionable): Farm and construction equipment
http://biz.yahoo.com/p/j/joyg.html
EARNINGS: 12.18-07
STATUS: Test breakout. JOYG broke sharply higher last week, clearing a three week handle to its 15 week cup with handle base. Strong volume as it broke higher through Monday and then a fade in trade as it tested on Tuesday. Volume was back up, however, Wednesday as JOYG started back up. That is solid price/volume action, just what you want to see as a stock sets up and makes its move. Has some nice room overhead to run before it hits resistance, and we are looking to play the rest of this move as far as it will take us.
Volume: 1.824M Avg Volume: 1.84M
BUY POINT: $58.31 Volume=2.2M Target=$66.95 Stop=$55.97
POSITION: JQY AK - Jan. $55c (65 delta) or JQY DL - Apr. $60c (48 delta) &/or Stock
http://www.investmenthouse.com/cs/joyg.html
Play Date: 10/31/2007
XTO (XTO Energy--$66.38; +1.90; optionable): Independent oil and gas
http://biz.yahoo.com/p/x/xto.html
EARNINGS: Announced 10-23-07
STATUS: Breakout test. XTO has formed a short little reverse head and shoulders pattern the past three weeks, a pattern we are seeing in many stocks (e.g. CTRP; it just broke out from its short little pattern this week). It has formed as a test of the breakout three weeks back from a larger 15 week reverse head and shoulders base. Volume surged Wednesday, moving back above average as XTO bounced off the 18 day EMA, moving up to the recent highs and looking for yet another all-time high as it makes the break. Looks very good to continue higher.
Volume: 3.926M Avg Volume: 3.868M
BUY POINT: $66.84 Volume=4.5M Target=$76.95 Stop=$64.12
POSITION: XTO BM - Feb. $65c (63 delta) &/or Stock
http://www.investmenthouse.com/cs/xto.html
New buy point on a leader:
Play Date: 10/31/2007
SGR (Shaw Group--$74.60; +1.62; optionable): Power plant construction
http://biz.yahoo.com/p/s/sgr.html
EARNINGS: Announced 10-10-07
STATUS: Test breakout. SGR is making the second test of its early October breakout from a very nicely formed 12 week cup with handle base. Nice volume on the two surges higher, and Wednesday SGR tested the 10 day EMA (71.98) on the intraday low and rebounded for a solid gain on a second session of above average volume. Very strong with rising money flow and solid fundamentals underpinning the stock. Looking for a continued break higher on solid trade to move in and take some more positions on this great stock.
Volume: 1.495M Avg Volume: 1.202M
BUY POINT: $75.11 Volume=1.7M Target=$85.89 Stop=$71.78
POSITION: SGR AO - Jan. $75c (54 delta) &/or Stock
http://www.investmenthouse.com/cs/sgr.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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trade stock
stock split
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