|
|
stock trading site, stock trading information
Begin part 3 of 3
THE PLAYS:
Upside: Some excellent stocks have formed up some excellent patterns
Play Date: 02/07/2008
AGN (Allergan--$67.31; +0.59; optionable): Consumer drugs, health products
http://biz.yahoo.com/p/a/agn.html
EARNINGS: Announced 1-30-08
STATUS: Trading range. AGN is making a higher low over its 50 day EMA (65.65), tapping at that level Thursday and then bounce higher on rising volume. This higher low occurs after a 16 week rolling pattern/trading range, and this higher low often precedes a breakout from that range. A breakout takes it to a new all-time high. If we see that break higher it is a buy.
Volume: 2.178M Avg Volume: 2.126M
BUY POINT: $68.88 Volume=3M Target=$78.95 Stop=$65.55
POSITION: AGN DM - Apr. $65c (64 delta) &/or Stock
http://www.investmenthouse.com/ci/agn.html
Play Date: 02/07/2008
DKS (Dicks Sporting Goods--$32.50; +1.10; optionable): Sporting goods stores
http://biz.yahoo.com/p/d/dks.html
EARNINGS: Third week of February
STATUS: Double bottom w/handle. Strong volume Wednesday and Thursday as DKS put in a couple of upside sessions, moving off support at the 18 day EMA and heading toward the breakout from its 19 week base. It surged to a new high on its August to September run, then needed a rest. This base has formed as a result, a sharp double bottom, the old 'scare them out' method of basing. Tried the breakout waters on Thursday but backed off. Money flow is surging ahead of price, and it looks as if DKS won't have any trouble following it higher.
Volume: 2.886M Avg Volume: 2.444M
BUY POINT: $33.21 Volume=3.2M Target=$38.32 Stop=$31.28
POSITION: DKS FZ - June $32.50c (60 delta, 191 OI) &/or Stock
http://www.investmenthouse.com/cd/dks.html
Play Date: 02/07/2008
FLO (Flowers Foods--$24.11; +0.25; optionable): Processed and packaged food
http://biz.yahoo.com/p/f/flo.html
EARNINGS: Third week of February (not confirmed by company)
STATUS: Cup w/handle. Food. Have to have it, recession or not. Thus FLO broke higher in early December, moving to a new high out of a 6 month base. It rallied to 25 and then the January selling hit, pushing FLO into the current 7 week base. It surged wildly to end January and start February, moving on massive volume. Then it came back this week on lower and lower volume to test that move and form the handle to its base. Nice tap at the 10 day EMA on the Thursday low and then a bounce higher. Very solid and just looking for a new break higher on strong volume to give us the entry point.
Volume: 418.997K Avg Volume: 574.898K
BUY POINT: $24.34 Volume=750K Target=$27.95 Stop=$23.55
POSITION: FLO GX - July $22.50c (61 delta, 54 OI) &/or Stock
http://www.investmenthouse.com/cd/flo.html
Play Date: 02/07/2008
MM (Metal Management--$52.70; +2.70; optionable): Steel and iron
http://biz.yahoo.com/p/m/mm.html
EARNINGS: Announced 2-6-08
STATUS: Double bottom with handle. Riding its strong earnings higher reported Wednesday, MM is making the breakout from its 17 week base. The base formed after gapping higher in late September to a new high; it could not hold and it fell into this base. Very nice base at that, with great accumulation the past month, and money flow surging higher. This stock certainly looks ready to surge to a new high, a signal not all is wrong in the world economies.
Volume: 552.5K Avg Volume: 380.357K
BUY POINT: $53.21 Volume=450K Target=$61.31 Stop=$49.97
POSITION: MM DJ - Apr. $50c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/mm.html
Downside:
Play Date: 02/07/2008
USO (United States Oil Fund ETF--$69.80; +0.78; optionable)
http://biz.yahoo.com/p/u/uso.html
STATUS: Head and shoulders. This ETF matches the price action of West Texas Intermediate light sweet crude. After a run, oil is peaking. This pattern shows it: the rally into November, the fall, the rally to a higher high in early January, then the fall back to same level after the left shoulder. It started to break lower Tuesday on strong volume, bounced back up Thursday on very low volume. It is ready to roll over.
Volume: 3.269M Avg Volume: 3.537M
BUY POINT: $69.38 Volume=3.6M Target=$66.25 Stop=$70.12
POSITION: UNA OR - Mar. $70p (-51 delta)
http://www.investmenthouse.com/ci/uso.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.
|
stock trading site
stock trading information
|
