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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 04/14/2008
APH (Amphenol Corp.--$41.61; +0.52; optionable): connectors (fiber optic, electrical, electronic, etc.)
http://biz.yahoo.com/p/a/aph.html
EARNINGS: Third week of April (not confirmed)
STATUS: Double bottom w/handle. Not glamorous except in how it continues to rally, form new bases, then rally again. It is currently forming the handle, the final shakeout move, to a 14 week base. Rallied nicely to start the month, peaking out last week and now testing, moving laterally as the 10 day EMA (40.69) catches up to it. Expecting the break higher over the next few sessions. Want to see the volume as it makes the break higher.
Volume: 870.414K Avg Volume: 1.395M
BUY POINT: $42.41 Volume=2M Target=$48.95 Stop=$40.15
POSITION: APH GH - July $40c (62 delta) &/or Stock
http://www.investmenthouse.com/cd/aph.html
Play Date: 04/14/2008
CSIQ (Canadian Solar--$25.64; +1.56; optionable): Solar chips, cells
http://biz.yahoo.com/p/c/csiq.html
EARNINGS: Announced 3-5-08
STATUS: Double bottom with handle. A new issue in late 2006, CSIQ enjoyed its first real run in late 2007 in the solar fun run. It peaked just over 30 and then fell into the current 15 week base to consolidate the gains and set up the next run higher. Very nice base ahs formed, completing the second leg/bottom in early April, then working laterally to form the handle, holding near support at the 10 day EMA (23.82). Bounced Monday on rising volume, and looking for the breakout from CSIQ this week.
Volume: 1.602M Avg Volume: 2.008M
BUY POINT: $26.22 Volume=3M Target=$31.85 Stop=$24.38
POSITION: GQA GE - July $25c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/csiq.html
Play Date: 04/14/2008
CVA (Covanta Holding--$29.80; +0.65; optionable): Waste and energy services in US, Europe and Asia
http://biz.yahoo.com/p/c/cva.html
EARNINGS: 4-23-08
STATUS: Double bottom with handle. CVA was starting the breakout move Monday, rallying on stronger, above average volume. Faded back to close, but still looks very good to make the breakout to a new high. This little 6 week base formed as the last part of a 5 month ascending pattern. Some very good upside volume the past week shows the buyers getting a bit rambunctious, and that indicates a breakout coming. Excellent money flow is leading higher.
Volume: 1.481M Avg Volume: 920.24K
BUY POINT: $30.11 Volume=1M Target=$35.95 Stop=$28.45
POSITION: CVA IF - Sept. $30c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/cva.html
Play Date: 04/14/2008
EWW (Mexico Index ETF--$60.12; +0.10; optionable)
http://biz.yahoo.com/p/e/eww.html
STATUS: Test breakout. Taking a look at an ETF south of the border. EWW broke out to start the month, gapping out of a 5 month reverse head and shoulders base. It has slipped back to the 18 day EMA (59.55) on lower volume, testing that breakout and filling the gap. That leaves it in excellent position to make the next break higher and give us a very nice upside gain.
Volume: 2.273M Avg Volume: 4.67M
BUY POINT: $61.65 Volume=7M Target=$69.45 Stop=$59.31
POSITION: EWW IH - Sept. $60c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/eww.html
Still ready to move (basically all on the weekend report):
BHP
CHL
LOW
MON
MPWR
NUSE
OTEX
PCU
RIO
Good Investing!
Jon L. Johnson and The Daily 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 recommendation
stock investment information
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