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us stock market, trade stock
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 04/01/2008
ASIA (Asiainfo Hldgs--$11.63; +0.77; optionable): Software security in China. Kind of ironic, huh?
http://biz.yahoo.com/p/a/asia.html
STATUS: reverse head and shoulders. Nice volume Tuesday as ASIA jumped higher off the 18 day EMA and the right shoulder of its 5 month nicely formed base. The pattern formed after ASIA moved up to a five year high and a good albeit choppy 2007. This solid, longer base has set the foundation for a solid gain. Looking to move in as ASIA continues the break higher out of the pattern.
Volume: 814.378K Avg Volume: 422.235K
BUY POINT: $11.84 Volume=500K Target=$14.95 Stop=$11.01
POSITION: BUJ GB - July $10c (73 delta, 49 OI) &/or Stock
http://www.investmenthouse.com/ci/asia.html
Play Date: 04/01/2008
JASO (JA Solar Holdings--$18.87; +0.27; optionable): Solar semiconductors
http://biz.yahoo.com/p/j/jaso.html
EARNINGS: Announced 3-12-08
STATUS: Double bottom w/handle. JASO did not participate in the Tuesday blast higher, but it enjoyed a strong March that took it off the lows without much of a test. It is testing now, moving laterally over 18 in a very tight range and on low volume, forming a handle to its 14 week base. Classic double bottom where the right leg undercut the left, and now the handle right below the 'hump' in the pattern. Very quiet trade and want to see volume start to swell and then surge when it makes the breakout move through the 90 day SMA (19).
Volume: 4.181M Avg Volume: 8.671M
BUY POINT: $19.55 Volume=13M Target=$24.35 Stop=$18.18
POSITION: QJP FW - June $17.50c (66 delta) &/or Stock
http://www.investmenthouse.com/ci/jaso.html
Play Date: 04/01/2008
NUS (Nu Skin--$18.39; +0.37; optionable): Drugs
http://biz.yahoo.com/p/n/nus.html
EARNINGS: Early May
STATUS: Breakout test. Taking another look at NUS as it has held its test. Blasted higher in mid-March, clearing a 16 week base on strong, strong volume. It tested back to end the month, holding at 18, the top of the base. Volume started to jump on the Friday selling but it held tough and on Tuesday NUS jumped higher on continued strong volume. Part of a larger 17 month cup base. Money flow remains strong, moving higher even as price tests; nice positive divergence. Looking for NUS to make the rebound on continued solid trade and give us the buy point.
Volume: 536.546K Avg Volume: 405.216K
BUY POINT: $18.65 Volume=608K Target=$22.38 Stop=$17.77
POSITION: NUS IW - Sept. $17.50c (68 delta) &/or Stock
http://www.investmenthouse.com/ci/nus.html
Play Date: 04/01/2008
SOHU (Sohu.com--$49.02; +3.89; optionable): Online products and services in China
http://biz.yahoo.com/p/s/sohu.html
EARNINGS: Early May
STATUS: Double bottom w/handle. Nice 16 week base has formed making two lows at the 200 day SMA (42.77). Bounced to form a handle the past week as the market sold, working laterally along the 50 day EMA (45.86). Nice break higher Tuesday with increasing volume, though it was still just below average. Looking for some more volume to show buyers are stepping in again and ready to push SOHU toward that old high and our target.
Volume: 1.278M Avg Volume: 1.288M
BUY POINT: $49.78 Volume=1.8M Target=$59.75 Stop=$46.30
POSITION: UZK FJ - June $50c (54 delta) or UZK IJ - Sept. $50c (49 delta) &/or Stock
http://www.investmenthouse.com/ci/sohu.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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us stock market
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