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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 12/04/2007
AG (Agco Corp.--$66.14; -0.08; optionable): Farm and construction machinery
http://biz.yahoo.com/p/a/ag.html
EARNINGS: Late January
STATUS: Breakout test. AG broke higher last week from a short 4 week cup base and is coming back to test that move, tapping at the 10 day EMA (64.33) on the intraday low and bouncing back to flat. Nice break higher, nice test, and looking for the bounce to continue with some more solid trade to step in.
Volume: 3.942M Avg Volume: 1.82M
BUY POINT: $66.76 Volume=2.7M Target=$76.95 Stop=$64.21
POSITION: AG BM - Feb. $65c (57 delta, 273 OI) &/or Stock
http://www.investmenthouse.com/cd/ag.html
Play Date: 12/04/2007
APC (Anadarko Petroleum--$58.68; +1.46; optionable): Independent oil and gas
http://biz.yahoo.com/p/a/apc.html
EARNINGS: Announced 11-50-07
STATUS: Test 50 day EMA (55.94). Strong volume Tuesday as APC broke higher after a pause Friday, moving off the 50 day on brisk trade. Nice double bottom action the past three weeks as APC tapped the 90 day SMA on the intraday lows and rebounded. Solid and looking to move in as APC continues the move higher.
Volume: 5.304M Avg Volume: 4.36M
BUY POINT: $59.22 Volume=6M Target=$66.95 Stop=$56.82
POSITION: APC BK - Feb. $55c (72 delta) &/or Stock
http://www.investmenthouse.com/cd/apc.html
Play Date: 12/04/2007
CME (Chicago Merchantile Exchange--$670.25; +9.45; optionable)
http://biz.yahoo.com/p/c/cme.html
EARNINGS: Announced 10-24-07
STATUS: Double bottom. Solid volume last week on the break off the 50 day EMA that formed the second leg to this 6 week base, and solid volume again Tuesday as CME surged higher but gave back a chunk of the session's move though it still held a hefty gain. Looking for continued solid trade as CME continues the break higher.
Volume: 941.551K Avg Volume: 636.446K
BUY POINT: $672.65 Volume=9M Target=$745.00 Stop=$660.00
POSITION: CWO AN - Jan. $670c (53 delta)
http://www.investmenthouse.com/cd/cme.html
Play Date: 12/04/2007
CY (Cypress Semiconductor--$34.28; +0.30; optionable): Semiconductors used in solar power equipment
http://biz.yahoo.com/p/c/cy.html
EARNINGS: Mid-January
STATUS: Cup/Reverse head and shoulders. Good upside volume the past week as CY moved off the test of the 90 day SMA from last week. Excellent upside strength and looking for CY to continue higher and rally toward those prior highs at 42. Nice set up and ready to move in as it makes the break higher once more.
Volume: 5.597M Avg Volume: 4.676M
BUY POINT: $35.22 Volume=7M Target=$40.95 Stop=$33.15
POSITION: CY CG - Mar. $35c (53 delta) &/or Stock
http://www.investmenthouse.com/cd/cy.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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