|
|
us stock market, stock recommendation
Begin part 3 of 3
THE PLAYS:
New Post-Split Plays:
Play Date: 02/27/2008
JBHT (JB Hunt Transportation--$28.67; -0.68; optionable): Trucking
http://biz.yahoo.com/p/j/jbht.html
EARNINGS: Announced 1-29-08
STATUS: Cup w/handle. Some prime evidence that the market views the economy as in the recovery stage or heading toward it. The truckers have rallied back up off the January lows, forming the right side of their bases. This month they have pulled back, JBHT included, to form handles. JBHT has held back to the 50 day EMA, filling the late January gap higher on its earnings announcement. It has shown some high volume spikes at the 50 day EMA, holding that key support. Looking for a solid bounce off of this level to give us the buy point on this recovery.
Volume: 4.184M Avg Volume: 2.342M
BUY POINT: $29.65 Volume=3.5M Target=$35.55 Stop=$28.11
POSITION: JHQ EF - May $30c (47 delta) &/or Stock
http://www.investmenthouse.com/ci/jbht.html
New buy point on a current post-split position:
Play Date: 02/27/2008
KWK (Quicksilver Resources--$34.06; -0.67; optionable): Independent oil and gas
http://biz.yahoo.com/p/k/kwk.html
EARNINGS: Announced 2-26-08
STATUS: Test breakout. KWK surged higher on the strong earnings, perfect for banking some gain. After its run from the early February breakout from a 3 month base, KWK is finally testing, coming back to tap the 18 day EMA (32.75) on the Tuesday low. It gapped lower on Wednesday, continuing the test, holding the 10 day EMA on the close, showing a doji on lower volume. Going to let KWK complete its test and then when it rebounds we will be ready to move in with some more positions. Still plenty of upside as this is just the second test of its early February breakout.
Volume: 2.238M Avg Volume: 2.293M
BUY POINT: $34.68 Volume=3M Target=$39.95 Stop=$32.95
POSITION: KWK FZ - June $32.50c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/kwk.html
New Leader Plays:
Play Date: 02/27/2008
COIN (Converted Organics--$12.98; +0.60; no options): Ag chemicals
http://biz.yahoo.com/p/c/coin.html
STATUS: Test breakout. Another stock that has made us some nice money already, COIN has come back to test the 10 day EMA (11.68), the first test of the breakout from its 5 week cup with handle base. Wednesday it tapped at the 10 day EMA and then reversed for a solid gain. Looking to step in with some more positions as COIN continues the next leg higher.
Volume: 1.782M Avg Volume: 1.023M
BUY POINT: $13.32 Volume=2M Target=$16.00 Stop=$12.39
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/coin.html
New buy points on current positions:
Play Date: 02/27/2008
AGU (Agrium--$73.88; -0.19; optionable): Agricultural chemicals
http://biz.yahoo.com/p/a/agu.html
EARNINGS: Announced 2-13-08
STATUS: Breakout test. AGU surged higher on the breakout from its short double bottom with handle, making us some solid scratch on the move. We took some off the table Tuesday as it gapped higher then waffled. It is coming back to test, and we are looking for it to land near the 10 day EMA (70.42), use that as support, and then rebound from there to continue the run and make us some more money. As this is the first test of the breakout, it still has plenty of room to the upside. Like how it hit a new high on solid volume, showing there are still buyers on the move and not just a low volume second peak doomed to failure.
Volume: 4.164M Avg Volume: 3.34M
BUY POINT: $71.11 Volume=5M Target=$81.95 Stop=$70.22
POSITION: AGU GN - July $70c (67 delta) &/or Stock
http://www.investmenthouse.com/ci/agu.html
Play Date: 02/27/2008
CMED (China Medical Technologies--$55.46; -0.11; optionable): Chinese medical instruments
http://biz.yahoo.com/p/c/cmed.html
EARNINGS: 2-28-08 after the close
STATUS: Breakout test. Coming back to test the near support at the 10 day EMA (53.62) after the strong breakout from the short double bottom with handle base last week, part of a base on base that started in November. Nice volume on the break higher, lower volume on the pullback to near support where it tapped and then rebounded Wednesday. Excellent action and looking to add to positions as CMED comes off of this test.
Volume: 770.604K Avg Volume: 601.798K
BUY POINT: $56.12 Volume=850K Target=$64.55 Stop=$53.48
POSITION: QCY FK - June $55c (59 delta) &/or Stock
http://www.investmenthouse.com/ci/cmed.html
Good Investing!
Jon L. Johnson and the Stock Split Report 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.
|
us stock market
stock recommendation
|
