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stock trading site, stock trading information
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 03/25/2008
BCR (C.R. Bard--$99.15; -0.31; optionable): Medical instruments
http://biz.yahoo.com/p/b/bcr.html
EARNINGS: End of April
STATUS: double bottom with handle. After a 15 month trading range lasting through mid-December 2007, BCR exploded higher and out of the range. It rallied to 100, often a magnet and yet a resistance point for stocks. It was both for BCR. It formed the current 9 week base below 100, making a pair of bottoms, the one to start March a bit higher, holding the 90 day SMA. Gapped higher last week to . . . 100, and has worked laterally just below 100 since. Volume has been on the rise. Looking for the breakout to move into positions.
Volume: 1.054M Avg Volume: 840.203K
BUY POINT: $100.11 Volume=1.3M Target=$112.85 Stop=$97.32
POSITION: BCR GT - July $100c (54 delta, 133 OI)
http://www.investmenthouse.com/ci/bcr.html
Play Date: 03/25/2008
FSLR (First Solar--$219.73; +10.23; optionable): Solar semiconductors
http://biz.yahoo.com/p/f/fslr.html
EARNINGS: Announced 2-13-08
STATUS: Double bottom. FSLR started to bounce this week off a higher low as it comes off the early March bottom that formed the second leg to its 12 week pattern. It streaked higher in 2007 on the alternative energy craze and flared out to end the year. Some sharp selling in January, a recovery through mid-February to form the 'hump,' then an ease back into March to form the second leg. Starting to bounce higher; could use some more volume as it comes off this level, but it has a lot of room overhead to make us good money without having to break to a new high. Like that.
Volume: 4.709M Avg Volume: 6.006M
BUY POINT: $222.25 Volume=7M Target=$264.95 Stop=$212.88
POSITION: HJQ FD - June $220c (58 delta)
http://www.investmenthouse.com/ci/fslr.html
Play Date: 03/25/2008
GOOG (Google--$450.78; -9.78; optionable)
http://biz.yahoo.com/p/g/goog.html
EARNINGS: 4-16-08
STATUS: Double bottom. After the long decline from over 700, GOOG has formed an Apple-like rounded bottom over the past month; not as round and shapely as Apple's, but not bad at all. ON top of this it gets a downgrade today but it just faded to the 18 day EMA on the close. Looking for a rebound off this gift of a test to move in. Looking to ride it up to the 50 day EMA (503) on the run.
Volume: 5.833M Avg Volume: 7.723M
BUY POINT: $455.32 Volume=8M Target=$499.45 Stop=$445.45
POSITION: GOP FJ - June $450c (57 delta)
http://www.investmenthouse.com/ci/goog.html
Play Date: 03/25/2008
USO (United States Oil Fund ETF--$81.47; +1.21; optionable): Oil tracking ETF
http://biz.yahoo.com/p/u/uso.html
STATUS: Test 50 day EMA. Made us some money on its breakout run when it broke out in mid-February from its 13 week base. Nice solid rally up the 10 day EMA (82.78) and now the test of the 50 day EMA (78.83) that held and looks to be setting up a bounce for the next part of the run. Boone Pickens even changed his tune from predicting an oil decline to it moving right back up. From the look of the pattern that appears to be the case.
Volume: 4.741M Avg Volume: 4.78M
BUY POINT: $82.15 Volume=6M Target=$92.45 Stop=$79.32
POSITION: UNA GD - July $82c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/uso.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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