|
|
stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS:
New Plays:
Play Date: 04/16/2008
BGC (General Cable--$67.20; +2.66; optionable): Cable, wires
http://biz.yahoo.com/p/b/bgc.html
EARNINGS: 4-29-08
STATUS: Double bottom w/handle. Nice break higher as volume moved up to just above average Wednesday as BGC moved over the 200 day SMA (66.65), moving up to the breakout point in its 18 week base. An industrial leader in 2007 that needed a base to consolidate and set up a new foundation for the next run. Looking for some more volume as it makes the break higher.
Volume: 922.79K Avg Volume: 1.011M
BUY POINT: $68.05 Volume=1.5M Target=$79.95 Stop=$64.65
POSITION: BGC HM - Aug. $65c (61 delta) &/or Stock
http://www.investmenthouse.com/cd/bgc.html
Play Date: 04/16/2008
BZP (BPZ Resources, Inc.--$20.19; +1.50; optionable): Oil and gas drilling, exploration
http://biz.yahoo.com/p/b/bzp.html
STATUS: Test 50 day EMA. BZP broke out from a 7 week flat base to start February and rallied up the 18 day EMA (19.28). It made three runs up that near support before peaking just over 22 and fading back this month to test the 50 day EMA (18.02). Held there for a week on low volume, then volume started to move higher. Wednesday volume surged to the best showing in a month as BZP jumped higher. Looks ready to resume the uptrend above the near term moving averages and ready to move in as it continues this break higher.
Volume: 1.736M Avg Volume: 1M
BUY POINT: $20.55 Volume=1M Target=$24.95 Stop=$19.11
POSITION: BZP ID - Sept. $20c (62 delta) &/or Stock
http://www.investmenthouse.com/ci/bzp.html
Play Date: 04/16/2008
DE (Deere & Co.--$90.18; +3.96; optionable): Farm and construction machinery
http://biz.yahoo.com/p/d/de.html
EARNINGS: 5-14-08
STATUS: Double bottom with handle. Strong volume surge, the best in three months, as DE starts the breakout from its 15 week base. After a strong 1.5 year run through the end of 2007 it needed a base and this pattern has done just that. Nice volume bump as it finished the right side of the base, volume trailed off in the handle, then coming back strong on the breakout. It has taken its time and we are ready to buy in as it continues the breakout move.
Volume: 10.556M Avg Volume: 5.634M
BUY POINT: $90.65 Volume=5.8M Target=$99.95 Stop=$88.55
POSITION: DE FR - June $90c (59 delta) &/or Stock
http://www.investmenthouse.com/ci/de.html
New buy point on current position:
Play Date: 04/16/2008
CELG (Celgene--$64.78; +1.59; optionable): Biotechnology
http://biz.yahoo.com/p/c/celg.html
EARNINGS: 5-8-08
STATUS: Cup w/handle. Volume started higher Wednesday as CELG moved up toward the breakout point from its 6 month base. Nice low volume in the handle as it worked laterally this month, setting up the breakout. A long, slow pattern has consolidated the 2005 to 2007 run, and you have to like how CELG has plenty of room ahead of it before it even approaches new high territory. Looking for some better, above average volume on the break higher to move into positions.
Volume: 4.209M Avg Volume: 5.135M
BUY POINT: $65.08 Volume=7M Target=$74.85 Stop=$62.05
POSITION: LQH GM - July $65c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/celg.html
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.
|
stock recommendation
stock investment information
|
