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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 02/26/2008
AMX (America Movil--$64.18; +1.12; optionable): Latin American wireless
http://biz.yahoo.com/p/a/amx.html
EARNINGS: Announced 2-6-08
STATUS: Reverse head and shoulders. Strong volume Tuesday as AMX broke higher from its 11 week base formed at the tail end of an 8 month base. A big mover from 2005 to 2007, it needed this base to consolidate the gains and set up the foundation for the next move higher. Looking to take some positions as AMX continues this break higher.
Volume: 9.287M Avg Volume: 6.683M
BUY POINT: $64.55 Volume=7.5M Target=$74.25 Stop=$62.11
POSITION: AMX HN - Aug. $65c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/amx.html
Play Date: 02/26/2008
ASIA (Asiainfo Hldgs--$11.57; +0.42; optionable): Security software
http://biz.yahoo.com/p/a/asia.html
EARNINGS: Announced 2-14-08
STATUS: Cup w/handle. Nice volume the past week as ASIA surged off the bottom of its 11 week base. After that move it tested, forming the handle with a week long lateral move that allowed the 10 day EMA (10.72) to catch up with it. That is when a breakout usually takes off once more. Looking to move in when it does.
Volume: 822.111K Avg Volume: 445.946K
BUY POINT: $12.32 Volume=669K Target=$14.95 Stop=$11.46
POSITION: EUJ GV - July $12.50c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/asia.html
Play Date: 02/26/2008
FSTR (L.B. Foster--$46.46; +1.72; optionable)
http://biz.yahoo.com/p/f/fstr.html
EARNINGS: Announced 1-31-08
STATUS: Double bottom. Nicely formed 8 week base that formed using the 200 day SMA as support. Improving volume as it bounced off of that support and moved up to the 'hump' in the pattern at 46.40. FSTR rallied to challenge that level Tuesday. Nice set up and looking to move in as FSTR continues the break higher.
Volume: 255.837K Avg Volume: 242.689K
BUY POINT: $47.11 Volume=350K Target=$56.55 Stop=$45.08
POSITION: FQD EI - May $45c (61 delta, 115 OI) &/or Stock
http://www.investmenthouse.com/ci/fstr.html
Play Date: 02/26/2008
URBN (Urban Outfitters--$30.98; +1.38; optionable): Apparel stores
http://biz.yahoo.com/p/u/urbn.html
EARNINGS: 3-6-08
STATUS: Ascending base. Strong volume Tuesday as URBN cleared a 10 week base that formed with a series of higher lows along the 50 day EMA. Nice break to a 2 year high and we are looking to move in as this leading retailer continues to enjoy climb higher.
Volume: 6.148M Avg Volume: 3.838M
BUY POINT: $31.24 Volume=3.9M Target=$37.48 Stop=$29.48
POSITION: URQ FF - June $30c (62 delta) &/or Stock
http://www.investmenthouse.com/ci/urbn.html
Good Investing!
Jon L. Johnson and your Technical Traders Report 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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stock recommendation
stock investment information
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