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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS:
Upside: Some upside that is still in great position
Play Date: 02/13/2008
ATW (Atwood Oceanics--$90.05; +3.93; optionable): Oil and gas drilling
http://biz.yahoo.com/p/a/atw.html
EARNINGS: Announced 2-7-08
STATUS: Test 50 day EMA. Volume surged Wednesday as ATW started its move off the 50 day EMA (87.92) and the 90 day SMA after a 4 week lateral move along that level. Heck of a selloff in January from 105 to 75 but a nice recovery, nice lateral move, and now it looks ready to make its next run higher. Looking to play the move up close to the prior high as it plays catch up with the rest of the sector as drillers consolidated as the others rallied.
Volume: 934.736K Avg Volume: 623.343K
BUY POINT: $90.48 Volume=700K Target=$103.95 Stop=$87.69
POSITION: ATW FR - June $90c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/atw.html
Play Date: 02/13/2008
BTU (Peabody Energy--$56.98; +2.98; optionable): Coal
http://biz.yahoo.com/p/b/btu.html
EARNINGS: Announced 1-31-08
STATUS: Double bottom. Made its second leg in the 7 week pattern at the 200 day SMA (50.78) last week and bounced higher. Tried to reverse Tuesday, but then turned right back up Wednesday on continuing strong, above average volume. Solid money flow, and this hiccup Tuesday let some of the selling pressure off and on a continued move higher it is a buy.
Volume: 6.167M Avg Volume: 4.881M
BUY POINT: $58.05 Volume=7M Target=$66.95 Stop=$54.88
POSITION: BTU FK - June $55c (64 delta) &/or Stock
http://www.investmenthouse.com/ci/btu.html
Play Date: 02/13/2008
JEC (Jacobs Engineering--$78.53; +2.83; optionable): Engineering services
http://biz.yahoo.com/p/j/jec.html
EARNINGS: Announced 1-22-08
STATUS: Double bottom. Sold off in the January selling along with most stocks, even those with the overseas connections. Bottomed at the 200 day SMA (72.43), however, a level where the institutions buy in more or sell it off. It bounced, tested, then bounced again this past week. Low volume on the move, however. Strong money flow is leading higher, but it needs to show a volume spike as it makes the break higher.
Volume: 1.486M Avg Volume: 1.805M
BUY POINT: $79.75 Volume=2.5M Target=$95.75 Stop=$75.68
POSITION: JEC GP - July $80c (44 delta) &/or Stock
http://www.investmenthouse.com/ci/jec.html
Play Date: 02/13/2008
YTEC (Yucheng Technologies--$17.88; +0.24; optionable): Intellectual technology for banking industry in China
http://biz.yahoo.com/p/y/ytec.html
STATUS: Breakout test. Big volume on the surge higher la week back capped a solid run off the second leg of its 14 week double bottom base. Formed using the 50 day EMA (13.09) as the support for the legs. Then a lateral move the past week on lower volume, testing the break higher and setting up the next move as the 10 day EMA (16.79) rises to meet it. Strong money flow is leading higher. May take another 2 to 3 sessions, but when it goes it is going to go and we need to be ready.
Volume: 98.233K Avg Volume: 200K
BUY POINT: $18.48 Volume=700K Target=$23.55 Stop=$17.19
POSITION: TXE DW - Apr. $17.50c (60 delta) or TXE GW - July $17.50c (no OI) &/or Stock
http://www.investmenthouse.com/cd/ytec.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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