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Play Date: 03/18/2008
SIAL (Sigma-Aldrich--$57.48; +1.43; optionable): Chemicals
http://biz.yahoo.com/p/s/sial.html
EARNINGS: 4-22-08
STATUS: Reverse head and shoulders. Huge volume Tuesday as SIAL broke out from a short 4 week reverse head and shoulders pattern that formed on the heels of a 9 week cup base. The move broke SIAL out to a new all-time high on strong trade, and we are looking to move in as SIAL continues the breakout and then look to more positions as it makes its test.
Volume: 2.372M Avg Volume: 1.426M
BUY POINT: $57.69 Volume=1.2M Target=$66.35 Stop=$55.68
POSITION: IAQ GK July $55c (67 delta) &/or Stock
http://www.investmenthouse.com/ci/sial.html
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