|
|
stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS: A group of very strong upside movers.
Upside:
Play Date: 03/11/2008
CLF (Cleveland-Cliffs--$113.81; +8.64; optionable): Steel and iron
http://biz.yahoo.com/p/c/clf.html
EARNINGS: Announced 2-7-08
STATUS: Test breakout/50 day MA. CLF broke sharply higher in early February from a 16 week ascending triangle. Nice strong surge on its earnings. It then tested this month, aggressively selling Thursday to Monday, but holding at the tops of the base and at the 50 day SMA (105.68). Tuesday it bounced on the Fed action. We are looking to ride this momentum higher to take advantage of the bounce off key support levels.
Volume: 1.871M Avg Volume: 1.636M
BUY POINT: $114.24 Volume=2M Target=$125.00 Stop=$111.97
POSITION: CLR DC - Apr. $115c (56 delta)
http://www.investmenthouse.com/ci/clf.html
Play Date: 03/11/2008
HK (Petrohawk Energy--$18.84; +1.43; optionable): Independent oil and gas
http://biz.yahoo.com/p/h/hk.html
EARNINGS: Announced 2-27-08
STATUS: Double bottom w/handle. Nicely formed 20 week pattern that started to break to the upside Tuesday toward a 6 year high. Very nice set up for the breakout. Looking for a bit more volume as HK makes its next solid move.
Volume: 2.793M Avg Volume: 2.662M
BUY POINT: $19.05 Volume=4M Target=$21.95 Stop=$17.72
POSITION: HK FW - June $17.50c (64 delta) &/or Stock
http://www.investmenthouse.com/ci/hk.html
Play Date: 03/11/2008
MM (Metal Management--$57.96; +1.74; optionable): Steel and iron
http://biz.yahoo.com/p/m/mm.html
EARNINGS: 2-6-08
STATUS: Breakout test. Made us some great money in February as MM surged higher, clearing an 18 week double bottom w/handle base. It rallied to 65 on that move and then tested back this month. It is holding at the October high that marks the top of the base as well as the 18 day EMA (57.60), at least on the closes. Reached down to the bottom of the recent range on Tuesday then recovered for a gain on strong, strong volume. Looking to move in as MM continues higher on further solid volume.
Volume: 611.5K Avg Volume: 401.616K
BUY POINT: $58.28 Volume=500K Target=$65.95 Stop=$56.31
POSITION: MM GK - July $55c (74 delta, 288 OI) &/or Stock
http://www.investmenthouse.com/ci/mm.html
Play Date: 03/11/2008
NBR (Nabors Industries--$32.25; +1.40; optionable): Oil and gas drilling
http://biz.yahoo.com/p/n/nbr.html
EARNINGS: Announced 2-5-08
STATUS: Double bottom w/handle. Very nice 9 month base, a classic double bottom. It rallied off the January lows to form the last leg and has spent the past 4 weeks working laterally in a range over the 10 day EMA (31.10), consolidating that move. Tuesday volume moved back above average as NBR broke higher from a higher low, moving up to the top of its range. Looks ready to make the breakout and want to see continued solid volume as it does.
Volume: 6.666M Avg Volume: 5.857M
BUY POINT: $32.57 Volume=8M Target=$37.95 Stop=$31.05
POSITION: NBR FZ - June $32.50c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/nbr.html
Play Date: 03/11/2008
TKC (Turkcell--$25.25; +2.86; optionable): Turkish wireless telecom
http://biz.yahoo.com/p/t/tkc.html
EARNINGS: Announced 2-27-08
STATUS: Double bottom. Taking another run at TKC as it came back the past tow weeks to form the second leg in a 14 week double bottom formed over the 200 day SMA. Strong money flow is surging higher ahead of price and we are looking to move in as TKC continues its break higher.
Volume: 2.56M Avg Volume: 1.523M
BUY POINT: $25.55 Volume=2.1M Target=$29.85 Stop=$23.94
POSITION: TKC GE - July $25c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/tkc.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.
|
stock recommendation
stock investment information
|
