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us stock market, stock recommendation
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 12/27/2007
AFL (Aflac--$62.14; -0.63; optionable): Duck commercials about health and accident insurance
http://biz.yahoo.com/p/a/afl.html
EARNINGS: Third week of January
STATUS: Ascending base. Trying to make a higher low at the 10 day EMA (61.71) in its 10 week base. Nice solid pattern that used the 50 day EMA (60.38) on the lows as support, just what you want to see. The higher low at the 10 day EMA comes after testing the 63 level that has acted as the lid on the base. When it makes the break through that level it is going to really make a run; these patterns tend to yield strong breaks higher. Like how it quietly formed the base, using the market selling to consolidate.
Volume: 1.341M Avg Volume: 2.38M
BUY POINT: $63.22 Volume=3.5M Target=$72.95 Stop=$61.32
POSITION: AFL EL - May $60c (62 delta) &/or Stock
http://www.investmenthouse.com/cd/afl.html
Play Date: 12/27/2007
CHU (China Unicom--$22.51; -0.07; optionable): Chinese wireless
http://biz.yahoo.com/p/c/chu.html
EARNINGS: Third week of January
STATUS: Double bottom w/handle. Working laterally the past two sessions, starting the formation of the handle to its 9 week double base. Setting up for a six year high on the breakout and run higher. This is one of the stocks that we believe will work well for us in 2008, and this base is setting up a great buy point for us.
Volume: 1.244M Avg Volume: 1.729M
BUY POINT: $23.15 Volume=2.6M Target=$27.95 Stop=$21.89
POSITION: CHU DX - Apr. $22.50c (56 delta) &/or Stock
http://www.investmenthouse.com/cd/chu.html
Play Date: 12/27/2007
ISRG (Intuitive Surgical--$329.56; -5.68; optionable): Medical equipment
http://biz.yahoo.com/p/i/isrg.html
EARNINGS: 1-31-07
STATUS: Ascending base. ISRG bounced off the 50 day EMA in mid-December, its second touch of that support in its 9 week base. It used that key level as support for its pattern, and after a strong bounce last week off the 50 day EMA it is using near support at the 10 day EMA (326.63), making a higher low at that level. That typically precedes the breakout move. ISRG is a strong stock, and this base shows it used the selling to consolidate a good 2007 and set up a new run ahead.
Volume: 611.013K Avg Volume: 1.374M
BUY POINT: $335.35 Volume=2.1M Target=$395.00 Stop=$323.11
POSITION: AXV BC - Feb. $330c (54 delta)
http://www.investmenthouse.com/cd/isrg.html
New buy points on current positions:
Play Date: 12/27/2007
APA (Apache--$106.69; -0.68; optionable): Independent oil and gas
http://biz.yahoo.com/p/a/apa.html
EARNINGS: 1-31-07
STATUS: Breakout test. Coming back toward the 10 day EMA (105.35) after a nice higher volume breakout last week. Nice orderly test, and looking to pick it up after the test bottoms and APA continues its breakout move.
Volume: 2.305M Avg Volume: 3.388M
BUY POINT: $107.22 Volume=4.4M Target=$121.45 Stop=$105.11
POSITION: APA DA - Apr. $105c (61 delta) &/or Stock
http://www.investmenthouse.com/cd/apa.html
Play Date: 12/27/2007
SRCL (Stericycle--$60.66; -1.21; optionable): Waste management
http://biz.yahoo.com/p/s/srcl.html
EARNINGS: 2-6-07
STATUS: Test breakout. After gapping higher last week out of its 11 week ascending base and to a new high, SRCL is coming back to test, closing just over the 10 day EMA (60) on lower, below average volume this week. May tap the 10 day on the test, filling the gap higher. That would go ahead and get that out of the way and let SRCL get back to rallying in its breakout move.
Volume: 412.981K Avg Volume: 565.648K
BUY POINT: $60.82 Volume=575K Target=$69.95 Stop=$59.45
POSITION: URL EL - mAY $60c (55 delta) &/or Stock
http://www.investmenthouse.com/cd/srcl.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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