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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 04/10/2008
FSLR (First Solar--$271.20; +1.33; optionable): Solar semiconductors
http://biz.yahoo.com/p/f/fslr.html
EARNINGS: Mid-May
STATUS: Cup w/handle. Testing back this week, taking a breather from a run higher up the right side of its 15 week base. Nice lower trade as it comes back to test and the 10 day EMA (257) rises to meet it. Would love to see a full test of the 10 day EMA, but it may not give it to us. If it starts higher we will look to move in.
Volume: 4.199M Avg Volume: 6.19M
BUY POINT: $275.31 Volume=9M Target=$309.95 Stop=$264.25
POSITION: HJQ FU - June $280c (48 delta)
http://www.investmenthouse.com/ci/fslr.html
Play Date: 04/10/2008
ICO (International Coal Group--$6.79; +0.26; optionable): Coal
http://biz.yahoo.com/p/i/ico.html
EARNINGS: Early May
STATUS: Cup w/handle. A neat little 10 week base has formed over the 90 day SMA, showing impressive volume the past week as it bumps up at the breakout point. Lots of money being put to work in ICO. Nice base as it sits on tom of the June 2007 peak, a solid support level. Ready to move in as ICO makes the break higher it is ready to make.
Volume: 2.59M Avg Volume: 1.635M
BUY POINT: $6.98 Volume=2.5M Target=$8.95 Stop=$6.49
POSITION: ICO IA - Sept. $5c (80 delta) &/or Stock
http://www.investmenthouse.com/ci/ico.html
Play Date: 04/10/2008
LLL (L-3 Communications--$111.19; -0.63; optionable): Defense communications
http://biz.yahoo.com/p/l/lll.html
EARNINGS: 4-24-08
STATUS: Cup w/handle. Excellent two week handle has formed, fading back to the 10 day EMA (111), setting up the breakout from its very nicely formed 18 week base using the 50 day EMA as support. Nice pattern has set up perched at a new high, and ready to make the next breakout move. Nice, nice, nice.
Volume: 561.234K Avg Volume: 975.725K
BUY POINT: $113.33 Volume=1.5M Target=$129.95 Stop=$110.77
POSITION: LLL GB - July $110c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/lll.html
Play Date: 04/10/2008
MSCC (Microsemi--$24.71; +0.85; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/m/mscc.html
EARNINGS: Late April
STATUS: Cup w/handle. Bouncing off the 200 day SMA (23.90) Thursday, and it looks as if MSCC is ready to make the breakout from its 6 month base. It rallied to start the month, faded to form the handle this week, and is poised for the breakout as the chips recover. One of the best patterns we see in the pure semiconductor sector, and like how it has plenty of room to the upside to make us money without plowing new ground.
Volume: 998.494K Avg Volume: 1.279M
BUY POINT: $25.38 Volume=1.9M Target=$29.88 Stop=$23.60
POSITION: QMS IE - Sept. $25c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/mscc.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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trade stock
stock recommendation
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