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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS:
Upside: Still looking defensive and at stocks that held up nicely in the selling
Play Date: 01/16/2008
ABT (Abbott Labs--$60.50; +0.83; optionable): Drugs
http://biz.yahoo.com/p/a/abt.html
EARNINGS: 1-23-08
STATUS: Breakout test. ABT used the early 2008 to its advantage, rallying off the 200 day SMA to breakout from a 9 month base and a new high. It made the test, fading back on Tuesday to the early December peak and the 10 day EMA (59.25). It found support there Wednesday and bounced on stronger volume. Nice test and moving higher. Ready to move in as it continues. Solid.
Volume: 9.651M Avg Volume: 6.249M
BUY POINT: $60.78 Volume=9.4M Target=$68.95 Stop=$58.57
POSITION: ABT EL - May $60c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/abt.html
Play Date: 01/16/2008
FDP (Fresh Del Monte Produce--$33.94; +0.99; optionable): Fresh farm products. Yummy and healthy!
http://biz.yahoo.com/p/f/fdp.html
EARNINGS: Late January
STATUS: Ascending base. Strong, above average volume Wednesday as FDP comes off the 50 day EMA (31.87), preparing to make the break over resistance in its 11 week base. This stock was one of the few performers during the last recession, and it can actually move quite well and give us a very nice return as it makes its next run.
Volume: 968.267K Avg Volume: 784.627K
BUY POINT: $34.55 Volume=1.2M Target=$41.95 Stop=$32.65
POSITION: FDP CF - Mar. $30c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/fdp.html
Play Date: 01/16/2008
MLNM (Millennium Pharm--$16.25; +0.63; optionable): Drugs
http://biz.yahoo.com/p/m/mlnm.html
EARNINGS: Early February
STATUS: Ascending base. Solid breakout from a 6 month base to start November and a strong run into early December. Needed a breather to set up for the next leg higher, and it formed the current 6 week base to give it the rest it needs. Great upside volume and it was surging again Wednesday as MLNM moved to the top of the base, ready for the break to a 4 year high. Strong money flow is leading the way higher.
Volume: 9.228M Avg Volume: 6.4M
BUY POINT: $16.68 Volume=7M Target=$20.00 Stop=$15.55
POSITION: QMN EC - May $15c (67 delta) &/or Stock
http://www.investmenthouse.com/ci/mlnm.html
Play Date: 01/16/2008
XRAY (Dentsply--$46.34; +1.11; optionable): Medical instruments and supplies
http://biz.yahoo.com/p/x/xray.html
EARNINGS: First week February
STATUS: Ascending base. Very good price and volume action in its 10 week base as XRAY sets up for a break to a new high. Nice series of higher lows over the 50 day EMA and strong volume on the upside sessions show it is under accumulation. Right at the breakout point so what we want to do is grab it as it makes the break higher. Solid leader ready to move.
Volume: 1.548M Avg Volume: 1.065M
BUY POINT: $46.75 Volume=1.1M Target=$54.95 Stop=$46.11
POSITION: XEQ DI - Apr. $45c (62 delta) &/or Stock
http://www.investmenthouse.com/cd/xray.html
Downside:
Play Date: 01/16/2008
MA (MasterCard--$175.53; +0.53; optionable): Credit services
http://biz.yahoo.com/p/m/ma.html
EARNINGS: 1-31-08
STATUS: Put. MA broke below the 50 day EMA and tumbled lower on the AXP earnings warning. It has moved laterally the past couple of sessions just below the 90 day SMA (178.23), bumping up against that level on the highs. There is a gap from late October (on earnings) down at 158, and that is what we are eyeing on this decline, i.e. a fill of that gap higher. A move to the target lands a 50%ish gain.
Volume: 4.678M Avg Volume: 4.057M
BUY POINT: $173.94 Volume=5M Target=$159.00 Stop=$176.44
POSITION: MAL NO - Feb. $175p (-44 delta)
http://www.investmenthouse.com/ci/ma.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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