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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS:
Upside: Looking at some former leaders ready to move again.
Play Date: 11/20/2007
AAPL (Apple Computer--$168.85; +4.90; optionable): iPods, iMacs
http://biz.yahoo.com/p/a/aapl.html
EARNINGS: Third wee of January
STATUS: Test 50 day EMA. A leader in the run higher, APPL sold off and broke its near term trend up the 10 day EMA (169.28). It has held the 50 day EMA and after we lateral move for the week it jumped higher Tuesday as volume had its best showing in over a week. Looking for continued strong trade as it makes the next break higher and moves toward the prior high. Looking to play that bounce.
Volume: 55.13M Avg Volume: 39.507M
BUY POINT: $170.24 Volume=40M Target=$194.95 Stop=$164.95
POSITION: APV AN - Jan $170c (54 delta)
http://www.investmenthouse.com/cd/aapl.html
Play Date: 11/20/2007
APA (Apache--$101.94; +2.45; optionable): Independent gas and oil
http://biz.yahoo.com/p/a/apa.html
EARNINGS: 1-31-07
STATUS: Test 50 day EMA. After breaking out in early October from a 12 week cup with handle base APA rallied up the 10 and 18 day EMA. As the selling started in the oil patch two weeks back it gapped lower but managed to hold above the 50 day EMA (94.64) last week. Started to bounce and this week volume jumped as APA tested the 18 day EMA (99.46) and bounced on Tuesday. Nice, rather typical test of key support after a solid move higher, and this has set it up for the next run. Looking to move in on the run as it continues.
Volume: 3.922M Avg Volume: 3.422M
BUY POINT: $102.31 Volume=4M Target=$112.45 Stop=$99.35
POSITION: APA AT - Jan. $100c (61 delta) or APA DA - Apr. $105c (53 delta) &/or Stock
http://www.investmenthouse.com/cd/apa.html
Play Date: 11/20/2007
CRM (Salesforce.com--$57.40; +3.31; optionable): Customer relationship management software
http://biz.yahoo.com/p/c/crm.html
EARNINGS: 11-15-07
STATUS: Double bottom. A continuing takeover candidate, CRM gave itself some extra juice this past week with some very strong earnings that shot it higher off the bottom of its 6 week base that formed after the September to early October run out of its prior breakout. Got a bit rocky on the selling two weeks back, but made a higher low last week and then blasted higher on its earnings. Looking to move in as CRM breaks higher to a new all-time high. Excellent volume and surging money flow. It has the right combination of factors to send it nicely higher for us.
Volume: 3.43M Avg Volume: 1.64M
BUY POINT: $57.85 Volume=1.8M Target=$67.95 Stop=$54.92
POSITION: CRM BK - Feb. $55c (60 delta) &/or Stock
http://www.investmenthouse.com/cd/crm.html
Play Date: 11/20/2007
TDG (TransDigm Group--$46.90; -1.60; optionable): Aerospace and defense
http://biz.yahoo.com/p/t/tdg.html
EARNINGS: Announced 11-19-07
STATUS: Breakout test. TDG broke higher Monday on strong volume, clearing a 7 week double bottom with handle base. Strong surge but then an immediate test Tuesday on lower trade. Strong money flow is surging higher ahead of price. Ready to move in as TDG continues the breakout move.
Volume: 323.609K Avg Volume: 217.933K
BUY POINT: $47.32 Volume=345K Target=$54.45 Stop=$45.69
POSITION: TDG BH - Feb. $45c (63 delta) &/or Stock
http://www.investmenthouse.com/cd/tdg.html
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.
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trade stock
stock recommendation
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