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us stock market, stock recommendation
Begin part 3 of 3
THE PLAYS: A few more upside in great position.
Upside:
Play Date: 01/23/2008
CSX (CSX Corp.--$45.51; +2.12; optionable): Rail transportation
http://biz.yahoo.com/p/c/csx.html
EARNINGS: 2-1-08
STATUS: Cup. Strong volume the past two sessions as CVX breaks higher in its 6 month base, making a higher high as it clears the December peak. CVX has put in its time in this base, and despite the talk of recession, it has not caved in, instead building this nicely formed base. Looking to move in as it continues higher with some positions, but not a full position. It has rallied 4.50 points off the bottom of its base and it will take a breather before too long, but on a further move we can establish a position to ride the continuing momentum, and then add to it on the test.
Volume: 12.805M Avg Volume: 6.066M
BUY POINT: $46.05 Volume=6.5M Target=$51.95 Stop=$43.88
POSITION: CSX EI - May $45c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/csx.html
Play Date: 01/23/2008
OMCL (Omnicell--$29.05; +0.80; optionable): Medication control, patient safety for acute care facilities
http://biz.yahoo.com/p/o/omcl.html
EARNINGS: Unconfirmed. Will announce this week or next.
STATUS: Double bottom w/handle. Excellent action in a weak market as OMCL breaks higher Wednesday on strong volume out of its 15 week base. Looking at OMCL you would never know there was a major market selloff the past several weeks; it formed its base above the 200 day SMA, showing just the kind of accumulation you want to see. Nice swell in volume ahead of the breakout, and ready to take some positions on a continued upside move and then add to the position as it makes its test.
Volume: 1.064M Avg Volume: 495.438K
BUY POINT: $29.55 Volume=550K Target=$33.95 Stop=$27.54
POSITION: UMK EF - May $30c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/omcl.html
Play Date: 01/23/2008
PPDI (Pharmaceutical Product Dev.--$44.22; -2.16; optionable): Drug discovery and development services, etc.
http://biz.yahoo.com/p/p/ppdi.html
EARNINGS: 2-6-08
STATUS: Test breakout. PPDI surged higher to start January, breaking out of a 10 week base that consolidated the October breakout from a much larger 16 month cup base. It broke higher this year on news it upped its guidance. Strong move in a weak market. After that breakout it used the selling to test; as the market rebounded this week it has come back, tapping at the 50 day EMA (42.83) on the Wednesday low before rebounding to cut its losses. Nice low volume test of the breakout move except for Wednesday, and that was a reversal session off of key support. Looking for a continued rebound to give us the buy point. Like to buy off the breakout test, particularly in this market.
Volume: 2.034M Avg Volume: 918.868K
BUY POINT: $45.22 Volume=1.4M Target=$51.95 Stop=$43.68
POSITION: PJQ DI - Apr. $45c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/ppdi.html
Play Date: 01/23/2008
VIP (Vimple Communication--$32.33; +0.07; optionable): Russian wireless communications
http://biz.yahoo.com/p/v/vip.html
EARNINGS: Last week February
STATUS: Test 200 day SMA. VIP was a strong market leader through the end of 2007, making a last breakout and run up through the end of the year. It has sold back this month as the leaders were taken out, but it held the past two sessions above the October and November consolidation lows, bouncing off that support both sessions. Primed to make a move higher; just want to see some strong volume as it kicks up off of this support.
Volume: 6.756M Avg Volume: 3.853M
BUY POINT: $32.68 Volume=5.5M Target=$39.45 Stop=$29.91
POSITION: VIQ DF - Apr. $30c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/vip.html
Good Investing!
Jon L. Johnson and your IH Alerts Team
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 in 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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