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stock recommendation, stock market recommendation
Begin part 3 of 3
THE PLAYS
Upside: Looking at defensive stocks and those that held up well during the recent selling.
Play Date: 10/25/2007
DE (Deere & Co.--$157.91; +3.59; optionable): Farm and construction machinery
http://biz.yahoo.com/p/d/de.html
EARNINGS: 11-21-07
STATUS: Breakout test. DE showed its strength this week, holding gains as the market sold off. It did sell back, but it held near support at the 10 day EMA and bounced Thursday on rising, above average volume. Excellent action as it forms a short 4 week base that gave it a rest and test of the 50 day EMA after the late August breakout from a base and run up the 10 day EMA. Money flow remains strong and so does DE. Looking to move in as it breaks higher once more.
Volume: 2.621M Avg Volume: 2.634M
BUY POINT: $154.63 Volume=3M Target=$169.65 Stop=$157.32
POSITION: DE AJ - Jan. $150c (52 delta)
http://www.investmenthouse.com/ci/de.html
Play Date: 11/08/2007
EOG (EOG Resources--$88.12; +1.42; optionable): Independent oil and gas
http://biz.yahoo.com/p/e/eog.html
EARNINGS: Announced 10-29-07
STATUS: Test breakout. EOG gapped higher on its earnings, clearing an 18 week cup with handle base. It rallied to 90 on the breakout and then moved laterally the past week, consolidating the breakout but refusing to give up any gains. Solid price/volume action as it moves laterally shows the accumulation continues as it consolidates. Strong money flow is leading higher and looking to move in as EOG continues the breakout move after this test during the market selling, a test where it lost no ground.
Volume: 3.112M Avg Volume: 2.683M
BUY POINT: $88.89 Volume=3.2M Target=$101.95 Stop=$85.89
POSITION: EOQ DQ - Apr. $85c (68 delta) &/or Stock
http://www.investmenthouse.com/ci/eog.html
Play Date: 11/08/2007
ESI (ITT Educational--$130.47; +6.59; optionable): Education and training
http://biz.yahoo.com/p/e/esi.html
EARNINGS: Announced 10-25-07
STATUS: Ascending base breakout. Strong volume Thursday as ESI ignored the selling altogether and broke out from a 17 week base formed using the 50 d
On the lows as support. Excellent action taking ESI to a new all-time high. Looking to move in as ESI continues this solid move.
Volume: 689.54K Avg Volume: 443.256K
BUY POINT: $130.91 Volume=500K Target=$149.95 Stop=$126.95
POSITION: ESI AF - Jan. $130c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/esi.html
Play Date: 11/08/2007
MICC (Millicom Cellular--$109.21; +1.67; optionable): Foreign cellular services
http://biz.yahoo.com/p/m/micc.html
EARNINGS: Announced 10-23-07
STATUS: Breakout test. MICC used the market selling this week to come back to the 18 day EMA (105.77) and test the mid-October breakout from its 15 week cup with handle base. Nice tap at the 18 day EMA on the Thursday low and rebounded for a nice gain on rising, above average volume. Looks as if the test is over and ready to move in as it makes the break higher.
Volume: 1.117M Avg Volume: 824.48K
BUY POINT: $111.04 Volume=1.2M Target=$130.95 Stop=$107.55
POSITION: CQD AD - Jan. $110c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/micc.html
Play Date: 11/08/2007
VIP (Vimple Communication--$32.85; +2.42; optionable): Russian wireless telecom
http://biz.yahoo.com/p/v/vip.html
EARNINGS: Late November
STATUS: Test 18 day EMA. Broke higher in late August clearing a short 7 week base. Nice rally up the 18 day EMA with a big surge to end October. It came back to test the past week with a gap lower but it held the 18 day EMA and consolidated a bit on lower trade. Nice strong volume and price break higher Thursday in a weak market. Foreign telecom is working.
Volume: 4.943M Avg Volume: 3.21M
BUY POINT: $33.04 Volume=3.2M Target=$39.85 Stop=$31.11
POSITION: VIQ DF - Apr. $30c (68 delta) &/or Stock
http://www.investmenthouse.com/ci/vip.html
New buy point on current position:
Play Date: 11/08/2007
RIG (Transocean--$126.51; +0.72; optionable): Offshore drilling
http://biz.yahoo.com/p/r/rig.html
EARNINGS: Announced 10-31-07
STATUS: Breakout test. Basically immune to the selling, RIG cleared the highs in a 13 week base to end October and surged higher through Wednesday when it reversed off its high and started the test of the move. Thursday it sold down to the 10 day EMA (123) on the low and then rebounded for a modest gain. Looking to move in as RIG continues higher. Still early in the breakout move.
Volume: 7.404M Avg Volume: 6.455M
BUY POINT: $127.05 Volume=7M Target=$142.00 Stop=$122.65
POSITION: RIG BE - Feb. $125c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/rig.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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stock recommendation
stock market recommendation
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