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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS:
Upside: More solid stocks setting to the upside.
Play Date: 02/19/2008
ACI (Arch Coal--$52.82; +3.42; optionable): Coal
http://biz.yahoo.com/p/a/aci.html
EARNINGS: Announced 2-1-08
STATUS: Test 18 day EMA. ACI broke out from an 8 month base to start February, surging on strong volume. Volume has been strong all month versus the weak trade in the market as a howled. It surged to 55 last week and has come back to test, tapping the 18 day EMA (48.14) on the Friday low and then jumping back Tuesday. Nice break higher from its second test of the breakout, leaving plenty of upside on this run. Looking to move in as ACI moves higher.
Volume: 7.513M Avg Volume: 3.786M
BUY POINT: $53.38 Volume=5.5M Target=$63.95 Stop=$49.91
POSITION: ACI GJ - July $50c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/aci.html
Play Date: 02/19/2008
AGU (Agrium--$67.96; +2.65; optionable): Ag chemicals
http://biz.yahoo.com/p/a/agu.html
EARNINGS: Announced 2-13-08
STATUS: Ascending base. Another leader in the prior rally that has formed up a rising base during the market ups and downs, setting the next move higher. Solid volume last week and then break over the February highs Tuesday on rising, above average volume. This is breaking it higher from its 4 month base. On continued move showing some solid early trade we will look to move in.
Volume: 3.757M Avg Volume: 3.12M
BUY POINT: $68.42 Volume=4M Target=$78.88 Stop=$64.55
POSITION: AGU GN - July $70c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/agu.html
Play Date: 02/19/2008
AKS (AK Steel Holding--$48.63; +2.48; optionable): Steel and iron
http://biz.yahoo.com/p/a/aks.html
EARNINGS: Announced 1-22.08
STATUS: Double bottom w/handle. A sweet 4 month base has formed to set up the next run after the 2007 rally that peaked in late October. Textbook double bottom with handle and a break higher Tuesday on rising, above average volume after a week of below average volume trade. Money flow is strong and leading higher. Looking to move in as AKS continues this breakout move.
Volume: 3.93M Avg Volume: 2.94M
BUY POINT: $49.11 Volume=4M Target=$58.95 Stop=$46.48
POSITION: AKS FS - June $47.50c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/aks.html
Play Date: 02/19/2008
BABY (Natus Medical--$18.41; +0.38; optionable): Medical appliances
http://biz.yahoo.com/p/b/baby.html
EARNINGS: 2-26-08
STATUS: Double bottom w/handle. Excellent volume the past week as BABY gapped higher to complete the second leg of its 8 week base. Nice use of support, using the 200 day SMA for the two legs, bouncing smartly off that level showing there is a lot of support here. Surging money flow is leading higher and it looks ready for the buy as it makes the breakout move.
Volume: 348.438K Avg Volume: 224.826K
BUY POINT: $19.11 Volume=325K Target=$22.95 Stop=$19.95
POSITION: QBU DW - Apr. $17.50c (66 delta) &/or Stock
http://www.investmenthouse.com/ci/baby.html
Play Date: 02/19/2008
FLS (Flowserve--$98.01; +1.84; optionable): Oil and gas equipment
http://biz.yahoo.com/p/f/fls.html
EARNINGS: 2-27-08
STATUS: Reverse head and shoulders. Nice setup with an 11 week base that formed after a nice 2007 run higher. Nice pullback that held the 200 day SMA on the lows, forming a short double bottom at that key support level. Gapped higher to start the month and has worked laterally up to the prior highs. It is set up, just has to show the break over the 100 level on strong volume to show the buyers are ready to drive it higher.
Volume: 624.076K Avg Volume: 816.261K
BUY POINT: $100.55 Volume=1.2M Target=$1115.75 Stop=$95.48
POSITION: FLS GT - July $100c (49 delta, low OI) or FLS DS - Apr. $95c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/fls.html
Play Date: 02/19/2008
MON (Monsanto--$117.87; +2.52; optionable): Ag chemicals, biotech
http://biz.yahoo.com/p/m/mon.html
EARNINGS: Announced 1-3-08
STATUS: Double bottom w/handle. MON continued rallying on through mid-January. It gapped on earnings but shortly thereafter it ran out of steam given the long run in 2000 preceding that move. It sold hard mid-month with the market, then held the 90 day SMA support, building the pattern using the 90 day SMA as support. Gapped higher to start last week, then moved laterally on low volume to form the handle. Gapped higher Tuesday on rising but still below average volume. Looking for a bit more trade as it continues the break higher.
Volume: 5.793M Avg Volume: 6.586M
BUY POINT: $120.21 Volume=7.5M Target=$137.95 Stop=$115.95
POSITION: MFP GD - July $120c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/mon.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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trade stock
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