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us stock market, trade stock
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 12/18/2007
APA (Apache--$102.90; +1.87; optionable): Independent oil and gas
http://biz.yahoo.com/p/a/apa.html
EARNINGS: 1-31-07
STATUS: Double bottom w/handle. Used the market selling and turbulence to set up the current 7 week base formed using the 50 day EMA (97.73) as support. Nice volume last week as it moved higher to finish the right leg, and then very low, below average trade this week as it forms the handle, holding near support at the 18 day EMA (101). Very nice base has set up to send it to a new all-time high.
Volume: 2.72M Avg Volume: 3.503M
BUY POINT: $104.55 Volume=5.3M Target=$120.45 Stop=$100.91
POSITION: APA DA - Apr. $105c (48 delta) &/or Stock
http://www.investmenthouse.com/cd/apa.html
Play Date: 12/18/2007
CHTT (Chattem--$72.61; +1.16; optionable): Over the counter healthcare products, toiletries, dietary supplements
http://biz.yahoo.com/p/c/chtt.html
EARNINGS: 9-27-07
STATUS: Double bottom w/handle. Excellent set up with its 9 week base. Used the 90 day SMA on the lows of the legs, rallied through the start of December, and then moved laterally the past two weeks, using the 18 day EMA (70.85). Great pattern with volume spiking above average Tuesday as CHTT tapped at support and then posted a nice gain. Nice.
Volume: 344.065K Avg Volume: 286.895K
BUY POINT: $73.38 Volume=425K Target=$84.48 Stop=$70.75
POSITION: HQT CN - Mar. $70c (67 delta, 196 OI) &/or Stock
http://www.investmenthouse.com/cd/chtt.html
Play Date: 12/18/2007
FCEL (Fuelcell Energy--$11.19; +0.05; optionable): Manufacture of fuel cell power plants
http://biz.yahoo.com/p/f/fcel.html
EARNINGS: Announced 12-10-07
STATUS: Test breakout. Gapped higher on earnings, clearing a 13 week lateral or flat base on a huge volume spike. That flat base was actually the handle in a 20 month cup with handle pattern, meaning FCEL has a nice long base under it to form the foundation for a breakout and run higher. Strong volume on the break higher with lower volume the past week as it tested the move, coming back to the 10 day EMA (10.84) on Tuesday, filling some of the gap higher and then rebounding to show a tight doji on the close. Looking to move in when FCEL shows us the next move higher on volume.
Volume: 1.662M Avg Volume: 1.151M
BUY POINT: $11.88 Volume=1.4M Target=$14.45 Stop=$11.05
POSITION: FQG DB - Apr. $10c (70 delta) &/or Stock
http://www.investmenthouse.com/cd/fcel.html
Play Date: 12/18/2007
GMCR (Green Mountain Coffee Roasters--$40.14; +3.72; optionable): Coffee
http://biz.yahoo.com/p/g/gmcr.html
EARNINGS: 1-31-07
STATUS: Cup w/handle breakout. Volume jumped Tuesday as GMCR made the break from its nicely formed 10 week base. Textbook action from this stock you would not suspect to be such a growth monger. Looking to move in as it continues to percolate higher.
Volume: 353.939K Avg Volume: 269.286K
BUY POINT: $40.54 Volume=300K Target=$48.88 Stop=$37.88
POSITION: QGM CH - Mar. $40c (52 delta, 115 OI) &/or Stock
http://www.investmenthouse.com/cd/gmcr.html
Play Date: 12/18/2007
LKQX (LKQ Corp.--$20.49; +0.52; optionable): Auto parts (recycled OEM parts)
http://biz.yahoo.com/p/l/lkqx.html
EARNINGS: Third week of January 2008
STATUS: Ascending base. Split to start December and has since continued its 8 week base formed along the 18 day EMA (19.90) with a quick test to the 50 day EMA (19.05) during the November selling. That selling was just a pit stop for LKQX as it rebounded and has ridden through the recent selling with a lateral move along the 18 day. Good volume jump Tuesday as LKQX broke higher off near support. Looking for volume to continue holding up as it continues the move and shows us the breakout.
Volume: 1.302M Avg Volume: 1.401M
BUY POINT: $20.75 Volume=2M Target=$24.95 Stop=$19.68
POSITION: AUG BD - Feb. $20c (56 delta, 23 OI) &/or Stock
http://www.investmenthouse.com/cd/lkqx.html
SUBSCRIBERS' CHOICE
A couple of very interesting patterns received by a couple of subscribers.
TQNT: A semiconductor stock that came off the bottom of a long base in August and surged past an old high in late October. It consolidated that move in November, broke higher, and has spent the past week easing along the 10 day EMA, setting up for the next move.
USU: Another stock in a long term base, but USU is also looking to make a move higher, breaking higher early this month and then coasting laterally below the 50 day EMA this past week. There is a peak in early November near 10, and a move over that on volume would likely launch a new leg higher.
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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