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stock recommendation, stock option
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 04/23/2008
JOYG (Joy Global--$75.11; +1.42; optionable): Down on the farm machinery
http://biz.yahoo.com/p/j/joyg.html
EARNINGS: 5-29-08
STATUS: Test breakout. JOYG broke from a 3.5 month ascending base just over a week back, surging on some solid volume. Has faded back to the 10 day EMA (73) this week, tapping and holding the 10 day EMA on the Tuesday low. Ready to break to a new all-time high and after this test it will be ready to make the break and plow some new ground.
Volume: 1.34M Avg Volume: 2.298M
BUY POINT: $75.65 Volume=2.8M Target=$89.95 Stop=$72.91
POSITION: JQY GO - July $75c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/joyg.html
Play Date: 04/23/2008
MEA (Metalico, Inc.--$13.89; +0.30; no options): Steel and iron
http://biz.yahoo.com/p/m/mea.html
EARNINGS: 4-24-08
STATUS: Breakout test. Surged higher last week, breaking out of a 6 month double bottom base on a strong volume jump. After that blast higher it has worked laterally the past four sessions on lower volume. Wednesday volume jumped back above average, indicating that MEA is ready to make the next break higher and continue the breakout move that has MEA, a new issue in mid-2005, at a new high.
Volume: 492.434K Avg Volume: 303.6K
BUY POINT: $14.26 Volume=455K Target=$17.15 Stop=$13.26
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/mea.html
Play Date: 04/23/2008
NUVA (Nuvasive--$39.94; +3.59; optionable): Medical instruments
http://biz.yahoo.com/p/n/nuva.html
EARNINGS: 4-22-08
STATUS: Test 200 day SMA. Strong volume Wednesday as NUVA surged on its earnings report, clearing the down trendline from November. After a strong 2007 run NUVA needed a break to set the new foundation for the next run higher, and looks as if it has done that given the volume and the price move. Looking to move in as NUVA continues to invade higher and then will look to add as it makes the next test.
Volume: 2.193M Avg Volume: 591.398K
BUY POINT: $40.22 Volume=600K Target=$46.25 Stop=$37.55
POSITION: QNU IH - Sept. $40c (54, low OI) &/or Stock
http://www.investmenthouse.com/ci/nuva.html
Play Date: 04/23/2008
YUM (Yum! Brands--$40.30; +1.81; optionable): KFC and company
http://biz.yahoo.com/p/y/yum.html
EARNINGS: Announced 4-22-08
STATUS: Reverse head and shoulders. Surging on strong volume after a solid earnings report with strong growth in China, Europe, and elsewhere. The move is breaking it out of a 6 month base, and YUM is ready to make us some more tasty earnings as it did at the start of Q4 2007. Very nice.
Volume: 6.41M Avg Volume: 4.37M
BUY POINT: $40.48 Volume=4.5M Target=$46.75 Stop=$38.32
POSITION: YUM GH - July $40c (60 delta) &/or Stock
http://www.investmenthouse.com/ci/yum.html
Good Investing!
Jon L. Johnson and your IH Alerts 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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stock recommendation
stock option
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