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us stock market, stock recommendation
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 12/20/2007
DE (Deere & Co.--$86.63; +3.00; optionable): Farm and construction machinery (do you have your Gator?)
http://biz.yahoo.com/p/d/de.html
EARNINGS: Third week of February
STATUS: Test 18 day EMA. Part of the farm play, DE makes the machines to till, etc. It broke higher near the end of November, clearing a 6 week range and rallying to 91. It has come back during the market selling to test that move, holding near support at the 18 day EMA (84.82). Volume was up back above average Thursday as it bounced up off that test. Looking to move in as DE continues higher on this first test of its new breakout.
Volume: 4.971M Avg Volume: 5.124M
BUY POINT: $86.94 Volume=6M Target=$99.95 Stop=$84.68
POSITION: DE CQ - Mar. $85c (61 delta) &/or Stock
http://www.investmenthouse.com/cd/de.html
Play Date: 12/20/2007
NVDA (Nvidia--$35.17; +0.72; optionable): Graphics cards
http://biz.yahoo.com/p/n/nvda.html
EARNINGS: Early February
STATUS: Cup w/handle. Great runner for us in 2007, its last run taking it from mid-August to mid-October and covering 9 points. Not bad for $30 stock. It needed a break and it has consolidated and formed a nice 9 week base. It rallied higher through the first week of December and has since moved laterally, using the market selling to form its handle at the 50 day EMA and the 90 day SMA. Like how it did not really selling during the last sell off, instead moving laterally; no one wanted to sell it. Thursday it gapped higher though volume lagged. It is a large cap tech, and it has set up to break higher and take the torch if technology is going to lead for awhile once more. Just want to see a bit more volume as it makes the move. Nice.
Volume: 6.998M Avg Volume: 12.176M
BUY POINT: $35.57 Volume=14M Target=$41.65 Stop=$33.98
POSITION: UVA CG - Mar. $35c (54 delta) &/or Stock
http://www.investmenthouse.com/cd/nvda.html
Play Date: 12/20/2007
SRCL (Stericycle--$60.05; +1.97; optionable): Waste management
http://biz.yahoo.com/p/s/srcl.html
EARNINGS: 2-6-08
STATUS: Ascending triangle. Excellent volume Thursday as SRCL started toward the breakout from its 11 week base formed using the 50 day EMA (57) as support on its three tests lower, making a higher low each time. The top of the base is at 60, and we are looking for continued upside on decent volume to move in on this breakout.
Volume: 757.493K Avg Volume: 533.757K
BUY POINT: $60.38 Volume=575K Target=$69.45 Stop=$58.38
POSITION: URL BL - Feb. $60c (55 delta) &/or Stock
http://www.investmenthouse.com/cd/srcl.html
Downside:
Play Date: 12/20/2007
GRMN (Garmin Ltd.--$100.11; +3.15; optionable): GPS devices
http://biz.yahoo.com/p/g/grmn.html
EARNINGS: Late January
STATUS: Put. GRMN broke the 50 day EMA (102) a week back, tried to hold, but then dumped lower Tuesday on high volume. It recovered Wednesday and Thursday to test, moving back up on very low volume. That shows very little buying on the way back up. Looking for it to fail near 100 and turn back down. A move to the target lands a 40%ish gain, but if GRMN rolls over once more it can make it down to 90.
Volume: 3.239M Avg Volume: 6.317M
BUY POINT: $99.88 Volume=6.4M Target=$93.85 Stop=$102.32
POSITION: RZJ MT - Jan. $100p (-45 delta)
http://www.investmenthouse.com/cd/grmn.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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us stock market
stock recommendation
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