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us stock market, trade stock
Begin part 3 of 3
THE PLAYS: More key stocks with excellent fundamentals growth from various sectors developing nice patterns.
Upside:
Play Date: 03/21/2008
AIRM (Air Methods--$46.95; +0.42; optionable): Air medical transportation services
http://biz.yahoo.com/p/a/airm.html
EARNINGS: Announced 3-12-08
STATUS: Cup. AIRM surged higher on earnings just over a week back, the move taking it off the bottom of its 18 week base. A small double bottom formed to end February and start March, setting up the bounce. It rallied to the 90 day MA (47.19) Tuesday through Thursday, stalling there to end the week. May take another few sessions to complete the test and rest after that move, then we look for it to resume its move higher up toward that November high at 58. Very strong earnings and sales growth. After a short breather it will be in great position to rip off some chunks of upside real estate.
Volume: 300.653K Avg Volume: 177.277K
BUY POINT: $47.31 Volume=300K Target=$56.95 Stop=$45.05
POSITION: UDU GI - July $45c (65 delta, 59 OI) &/or Stock
http://www.investmenthouse.com/ci/airm.html
Play Date: 03/21/2008
BLK (Blackrock--$206.10; +16.07; optionable): Financial services
http://biz.yahoo.com/p/b/blk.html
EARNINGS: Mid-April
STATUS: Double bottom. BLK was selling hard just a week back but the changes wrought by the Fed rescued it from an undercut of the 200 day SMA (184), and BLK is enjoying a strong surge on above average volume. It formed a 7 week double bottom near the 200 day SMA, and is now on the rebound. Lots of momentum and looking to take some positions as it continues higher, take what profit it can make for us on this move, then pick up some new positions after the test of that surge.
Volume: 881.623K Avg Volume: 665.448K
BUY POINT: $206.88 Volume=998K Target=$230.00 Stop=$201.39
POSITION: BLK GB - July $210c (48 delta, 76 delt)
http://www.investmenthouse.com/ci/blk.html
Play Date: 03/21/2008
ISRG (Intuitive Surgical--$300.69; +9.03; optionable): Medical appliances
http://biz.yahoo.com/p/i/isrg.html
EARNINGS: Late April
STATUS: Ascending base. ISRG was a huge mover in 2007; it owns its market and has great residuals because it provides a necessary surgical tool and there are disposables associated with its use that you have to buy again and again. After that run it had to test and base, and it is doing that, making a higher low in early March after holding the 200 day SMA (249) on the January low, the first low in the current base. Still a strong leader with strong fundamentals growth rates, ready to assume the mantel of leadership once again. Money flow is running higher ahead of price, creating a positive divergence, and we anticipate price to follow. Expensive options, but with the kind of moves it makes, definitely able to make strong runs.
Volume: 809.058K Avg Volume: 1.088M
BUY POINT: $302.12 Volume=1.5M Target=$348.00 Stop=$293.89
POSITION: AXV GT - July $300c (53 delta)
http://www.investmenthouse.com/ci/isrg.html
Play Date: 03/21/2008
LKQX (LKQ Corp.--$23.32; +1.23; optionable): Replacement systems, components, parts for autos
http://biz.yahoo.com/p/l/lkqx.html
EARNINGS: 2-27-08
STATUS: Cup w/handle. Breaking higher out of a 13 week base. Solid run from mid-2007 through December, and this base is the consolidation of that move and the foundation for the next run. Strong volume Friday, but it was expiration; need to see more solid trade as LKQX continues its run higher. Very solid and very strong earnings and sales growth rates.
Volume: 3.383M Avg Volume: 1.273M
BUY POINT: $23.52 Volume=1.9M Target=$28.31 Stop=$21.94
POSITION: AUG EX - May $22.50c (62 delta) &/or Stock
http://www.investmenthouse.com/ci/lkqx.html
Play Date: 03/21/2008
PCLN (Priceline.com--$118.63; +3.69; optionable): Online hotel/travel services
http://biz.yahoo.com/p/p/pcln.html
EARNINGS: Announced 2-14-08
STATUS: Test breakout. PCLN surged higher in mid-February on its earnings, clearing a 9 week base that was rather ragged, but with those kind of earnings it had no problem surging higher. After that move and running a bit further, it came back to test, falling to the 50 day SMA and the 'hump' in its double bottom base. Volatile week last week with all of the stocks, but it bounced off the 50 day EMA and is setting up to continue its move higher. Just want to be ready to step in as it makes the next break higher. Another stock with top earnings growth rates to match its pattern.
Volume: 2.989M Avg Volume: 1.734M
BUY POINT: $120.11 Volume=2.2M Target=$138.95 Stop=$112.95
POSITION: PUZ GU - July $120c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/pcln.html
Play Date: 03/21/2008
RIMM (Research in Motion--$104.94; +3.82; optionable): Handheld PDA DEVICES
http://biz.yahoo.com/p/r/rimm.html
EARNINGS: 4-2-08
STATUS: Double bottom w/handle. RIMM has formed a 12 week base within a larger 19 week pattern. It gapped higher in February and has since come back to test, now working laterally along the 50 day EMA (100.47) in a narrow trading range as it prepares for the next break higher. Really like how it has set up and we suspect this is going to be one of the leaders if the market is able to hold the break higher and sustain the recent bottoming process.
Volume: 18.429M Avg Volume: 24.921M
BUY POINT: $106.78 Volume=32M Target=$122.95 Stop=$100.32
POSITION: RUL FL - June $105c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/rimm.html
Play Date: 03/21/2008
SVR (Syniverse Technologies--$17.01; +0.73; optionable): Wireless voice and data clearinghouse
http://biz.yahoo.com/p/s/svr.html
EARNINGS: Announced 2-19-08
STATUS: Test 50 day EMA. SVR surged out of a reverse head and shoulders base in early February, rallying to 19 on that run, matching the October peak that marked the start of the 14 week base. After that move it sold back in the market selling, coming back to the 50 day EMA and the 90 day MA here in March. It has moved laterally on low, below average volume during that period, and then volume jumped above average on Wednesday. It was up again Thursday as SVR jumped higher. Ready to move in as SVR continues its run off this test and follows its strong money flow higher. Another stock that sports excellent earnings growth rates to go along with its pattern.
Volume: 987.501K Avg Volume: 610.905K
BUY POINT: $17.18 Volume=645K Target=$20.25 Stop=$16.15
POSITION: SVR FC - June $15c (71 delta, 116 OI) &/or Stock
http://www.investmenthouse.com/ci/svr.html
CONTINUING PLAYS:
Upside:
Play Date: 03/18/2008
BRKR (Bruker Corp.--$15.00; +0.44; optionable): Scientific instruments
http://biz.yahoo.com/p/b/brkr.html
EARNINGS: Announced 3-17-08
STATUS: Flying plateau. Volatile to end the week as most stocks, but held the 10 day EMA on the Thursday low and bounced. It remains in excellent shape to continue its breakout. To recap: Breaking higher Tuesday on stronger, above average volume as BRKR announced solid earnings that broke it out of its three week range. This lateral move consolidated the late February breakout from its 8 week cup. Nice consolidation, nice break higher, ready to move in as BRKR continues the run.
Volume: 1.965M Avg Volume: 754.955K
BUY POINT: $15.57 Volume=1.1M Target=$18.95 Stop=$14.48
POSITION: TQB HC - Aug. $15c (65 delta, 133 OI) &/or Stock
http://www.investmenthouse.com/ct/brkr.html
Play Date: 03/18/2008
CHT (Chunghwa Telecom--$25.07; +0.67; optionable): Chinese telecom
http://biz.yahoo.com/p/c/cht.html
EARNINGS: 3-27-08
STATUS: Flying plateau. Strong volume last week as CHT banged its head into the top of its recent range. It is ready to make the break higher and continue its run for us with some new positions. To recap: CHT has made us some good money, and after gapping higher in the second half of February it looks to have just about completed its three week flying plateau with a volume surge Tuesday as CHT bounced up to test the top of the range. Strong money flow is moving up sharply, and we are ready to move in as CHT continues higher, clearing the recent peaks in the range.
Volume: 3.76M Avg Volume: 2.162M
BUY POINT: $25.42 Volume=3M Target=$29.45 Stop=$23.98
POSITION: CHT FE - June $25c (58 delta, 54 OI) &/or Stock
http://www.investmenthouse.com/ct/cht.html
Play Date: 03/07/2008
GILD (Gilead Sciences--$48.43; +0.87; optionable): Biotech
http://biz.yahoo.com/p/g/gild.html
EARNINGS: Third week of April
STATUS: Double bottom w/handle. Strong volume Thursday as GILD traded in a wide range, but held the 18 day EMA on the low before bouncing to a gain. Still in excellent position to make the breakout. To recap: Nicely formed 10 week double bottom that used the 200 day SMA (42.54) as support on both lows. Excellent low volume pullback to form the handle.
Volume: 10.014M Avg Volume: 9.658M
BUY POINT: New: 48.62 (orig. $47.22) Volume=11M Target=$55.45 Stop=$46.78
POSITION: GDQ EW - May $47.50c (57 delta) &/or Stock
http://www.investmenthouse.com/ct/gild.html
Play Date: 03/19/2008
NUE (Nucor--$68.96; +0.66; optionable): Steel
http://biz.yahoo.com/p/n/nue.html
EARNINGS: Last week of April
STATUS: Test 18 day EMA. Big reach lower Thursday, but it held support at 65 and rebounded to hold the 18 day EMA and post a modest gain. Steel held up well despite the selling in commodities; it was sold hard Wednesday but held support much better. After this shakeout we are looking for it to recover, and NUE as well given its great pattern. To recap: Yes steel was melting down Wednesday, but NUE continues to hold up well. It sold too, but it held just over the 18 day EMA (67.95) on the close, and volume, though above average, was still lower than the strong upside sessions of late. This pullback keeps NUE in its uptrend following the breakout, and this is its second test of the mid-February move that took it out of its year long base. It is holding the breakout with this test, and if it holds here and rebounds we will be willing to take positions for the continued move higher in its breakout.
Volume: 6.844M Avg Volume: 5.556M
BUY POINT: $69.91 Volume=8M Target=$80.45 Stop=$67.72
POSITION: NUE GN - July $70c (48 delta) &/or Stock
http://www.investmenthouse.com/ct/nue.html
Play Date: 03/15/2008
PTNR (Partner Communications--$22.39; +0.62; optionable): Telecom wireless
http://biz.yahoo.com/p/p/ptnr.html
EARNINGS: Announced 2-6-08
STATUS: Test breakout. Continues to hold its break higher, testing the 18 day EMA last week after its surge, holding near support and positioning itself for its next run higher. Very strong volume on the upside and in excellent position to give us the buy and upside run. To recap: PTNR surged out of a 12 week ascending triangle formed using the 50 and 90 day MA as support. As with PRGO, very good price/volume action in the pattern, i.e. showing solid upside trade as it moved higher, backing off below average on the consolidation portions, and then surging back up on the breakout to the new high. Strong trade Thursday, backing off Friday as it tested. Ready to partner up with PTNR as it rebounds from this quick little breakout test. Excellent earnings and sales growth rates.
Volume: 209.391K Avg Volume: 257.735K
BUY POINT: $22.57 Volume=325K Target=$26.95 Stop=$21.55
POSITION: QPO EX - May $22.50c (51 delta, low OI) &/or Stock
http://www.investmenthouse.com/ct/ptnr.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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