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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS: Some really nice former leaders coming back for more.
New Pre-Announcement Play:
Play Date: 03/26/2008
GME (Gamestop--$52.98; -0.87; optionable): Electronic games stores
http://biz.yahoo.com/p/g/gme.html
EARNINGS: Announced 3-18-08
STATUS: Cup w/handle. Used to love how GME would make us great money in 2007. Then it topped from October through December and fell into the current 12 week base. It needed it. Bottomed in March and rallied, kicking it into gear last week with its earnings announcement, breaking through the 200 day SMA on the way up and the 90 day SMA as well. It has come back Tuesday and Wednesday to test that move, tapping the 90 day on the Wednesday low (52.23) and bouncing back. May take another session or two to finish the handle or the modest pullback, but when it starts back up we move in as GME is ready to return to leadership.
Volume: 2.309M Avg Volume: 3.575M
BUY POINT: $54.08 Volume=5M Target=$63.95 Stop=$52.11
POSITION: GME GJ - July $50c (66 delta) or GME GK - July $55c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/gme.html
New Post-Split Plays:
Play Date: 03/26/2008
NKE (Nike--$66.27; -2.10; optionable): Athletic clothes
http://biz.yahoo.com/p/n/nke.html
EARNINGS: Announced 3-19-08
STATUS: Breakout test. Nothing like strong earnings to break a stock out of a base, and then getting a nice pullback to give us a buy point. NKE jumped out of a 15 week double bottom base last week on those earnings results and raced over 70. It is now pulling back on much lower volume. It may come back more, but Wednesday it held at some key peaks from November and December. If it bounces from here we want to be ready to move in and catch it on the rebound so to speak. Could have said we would 'just do it,' but that is a bit blas .
Volume: 5.163M Avg Volume: 4.152M
BUY POINT: $67.11 Volume=6M Target=$77.45 Stop=$65.68
POSITION: NKE GM - July $65c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/nke.html
Play Date: 03/26/2008
URBN (Urban Outfitters--$31.29; -1.47; optionable): Apparel stores
http://biz.yahoo.com/p/u/urbn.html
STATUS: Breakout test. We watched URBN set up, then watched it breakout last week on strong volume, clearing a 15 week ascending base. It is coming back to make a full test of that move, fading toward the 10 day EMA (30.89) on lower, below average volume. Will likely come back to that level, and when it bounces on some more volume, we move in.
Volume: 4.216M Avg Volume: 4.667M
BUY POINT: $31.65 Volume=5.5M Target=$37.95 Stop=$30.69
POSITION: URQ FF - June $30c (63 delta) &/or Stock
http://www.investmenthouse.com/ci/urbn.html
Play Date: 03/26/2008
ZOLL (Zoll Medical--$27.69; -1.02; optionable): Medical appliances
http://biz.yahoo.com/p/z/zoll.html
EARNINGS: Third week of April
STATUS: Test breakout. It has been a long 15 month base after a very impressive run in 2006. After that slog in the twilight zone, ZOLL has perked things up, breaking sharply higher off a twin test of the 200 day SMA down at 24.50 in March. That second test jumped it higher on strong volume. That made a definitive higher high in the long base. It is coming back to test, tapping the 10 day EMA (27.30) on the Wednesday low and rebounding. Lower selling volume. Looking to pick up some Z's as ZOLL rolls off this low volume test.
Volume: 341.214K Avg Volume: 248.463K
BUY POINT: $27.97 Volume=375K Target=$33.95 Stop=$27.11
POSITION: ZQQ FE - June $25c (72 delta, 36 OI) &/or Stock
http://www.investmenthouse.com/ci/zoll.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.
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stock split
stock recommendation
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