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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 12/06/2007
CLR (Continental Resources--$24.43; +0.70; optionable): Oil and gas exploration in mid-continent US
http://biz.yahoo.com/p/c/clr.html
EARNINGS: Announced 11-6-07
STATUS: Cup w/handle. Breaking higher Thursday out of a short 6 week base, ready for a new high. CLR was a new issue in May 2007, and this is its second base; that leaves plenty of upside. Nice action and looking for a bit more volume as CLR continues the run higher.
Volume: 354.7K Avg Volume: 426.848K
BUY POINT: $24.68 Volume=475K Target=$29.55 Stop=$23.21
POSITION: CLR CX - Mar. $22.50c (65 delta, no OI) &/or Stock
http://www.investmenthouse.com/cd/clr.html
Play Date: 12/06/2007
SCSC (Scansource--$36.50; +1.84; optionable): Wholesale specialty technology products
http://biz.yahoo.com/p/s/scsc.html
EARNINGS: 1-24-07
STATUS: Reverse head and shoulders. Breaking higher Thursday on rising volume, but still below average, as it moves toward the breakout from its 6 week base. Used the 50 day EMA on the low as support, showing investors stepping in at that level. Gapped higher in late October on earnings, clearing a 4 month base. It filled the gap on the low in this pattern, so that is behind it. Now looking for another new all-time high as SCSC continues the break higher. Looking for a bit more volume as it does.
Volume: 181.136K Avg Volume: 209.382K
BUY POINT: $36.78 Volume=314K Target=$42.38 Stop=$34.48
POSITION: UHI CG - Mar. $35c (58 delta, low OI) &/or Stock
http://www.investmenthouse.com/cd/scsc.html
Play Date: 12/06/2007
SGR (Shaw Group--$65.97; +2.06; optionable): Construction of power plants (nuclear, etc.)
http://biz.yahoo.com/p/s/sgr.html
EARNINGS: 1-24-07
STATUS: Reverse head and shoulders. SGR dumped hard three weeks back from a short double top. This followed the nice early October breakout from a solid 3 month cup with handle base. The dump lower was hard, but it caught itself at the 90 day SMA and has formed up the current base. Strong volume Thursday as it gapped lower but then recovered for a solid gain. Looks solid to continue the move higher toward that prior high up at 76.
Volume: 1.969M Avg Volume: 1.316M
BUY POINT: $66.57 Volume=1.8M Target=$76.85 Stop=$63.88
POSITION: SGR AM - Jan. $65c (56 delta) or SGR DN - Aprl $70c (51 delta) &/or Stock
http://www.investmenthouse.com/cd/sgr.html
Play Date: 12/06/2007
STP (Suntech Power Holdings--$75.40; -1.78; optionable): Solar power
http://biz.yahoo.com/p/s/stp.html
EARNINGS: Announced 11-15-07
STATUS: Test 10 day EMA. Broke out in October and has rallied up the 10 and 18 day EMA. After a nice strong surge to end November that cleared some resistance at 70, it has come back the past week to again test the 10 day EMA (74.57), bouncing back after undercutting that level Thursday. Looking for this to hold it and send it back higher on its next run.
Volume: 3.817M Avg Volume: 4.242M
BUY POINT: $76.45 Volume=5.5M Target=$88.95 Stop=$73.88
POSITION: STP CO - Mar. $75c (54 delta) &/or Stock
http://www.investmenthouse.com/cd/stp.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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stock recommendation
stock investment information
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