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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 04/24/2008
CCK (Crown Cork & Seal--$27.28; +0.15; optionable): Packaging and containers
http://biz.yahoo.com/p/c/cck.html
EARNINGS: 4-16-08
STATUS: Test breakout. Nice breakout on volume with its earnings, moving out of a 4.5 month cup base. Rallied to 28.50 and then tested this week, tapping at the 18 day EMA (26.31) on the Thursday low and then rebounding on strong trade to hold over the 10 day EMA and hold the breakout. Good shakeout and ready to move higher. Ready to move in as it does and moves to an 8 year high.
Volume: 2.067M Avg Volume: 1.434M
BUY POINT: $27.74 Volume=2.2M Target=$33.32 Stop=$26.18
POSITION: CCK GE - July $25c (66 delta) &/or Stock
http://www.investmenthouse.com/ci/cck.html
Play Date: 04/24/2008
GS (Goldman Sachs--$188.79; +9.44; optionable): Investment banking
http://biz.yahoo.com/p/g/gs.html
EARNINGS: Mid-May
STATUS: Trend reversal. GS gapped higher last Friday, clearing its 5 month down trendline that started at the late October peak. After that gap it worked laterally in a tight range this week then surged Thursday on rising trade. Ready to move in as it continues higher and will just see how far it rallies. It peaked out at 250 so there is plenty of room upside on this trend reversal move.
Volume: 13.188M Avg Volume: 13.493M
BUY POINT: $189.55 Volume=16M Target=$218.95 Stop=$183.77
POSITION: GPY GR - July $190c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/gs.html
Play Date: 04/24/2008
ICE (Intercontinental Exchange--$158.02; +6.55; optionable)
http://biz.yahoo.com/p/i/ice.html
EARNINGS: 5-2-08
STATUS: Double bottom w/handle. Okay, looking at ICE again as it comes right back into play, bouncing off the 90 day SMA on Thursday. It has formed a 4 month base, breaking higher last week on some solid trade, but then dumping lower Tuesday on the CME earnings. It held support and has bounced. Still a good pattern and ready to move in as it breaks out. It can fly and there is plenty of room overhead to run.
Volume: 1.394M Avg Volume: 2.313M
BUY POINT: $160.45 Volume=3M Target=$184.95 Stop=$155.88
POSITION: IHH FL - June $160c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/ice.html
Play Date: 04/24/2008
UNP (Union Pacific--$138.04; +2.90; optionable): Railroads
http://biz.yahoo.com/p/u/unp.html
EARNINGS: Announced Thursday before the open
STATUS: Cup w/handle. Volume jumped and so did price as UNP announced earnings and continued the breakout move from its 5 month base. Broke higher last week on strong volume and spent this week testing, coming back to near support at the 18 day EMA and then blasting higher. If it can continue the solid move it is time to move in as UNP makes more new highs.
Volume: 4.085M Avg Volume: 3.109M
BUY POINT: $138.97 Volume=3.2M Target=$159.95 Stop=$133.31
POSITION: UNP HH - Aug. $140c (44 delta) &/or Stock
http://www.investmenthouse.com/ci/unp.html
New buy point on a current position:
Play Date: 04/24/2008
CAT (Caterpillar--$81.82; +0.13; optionable): Heavy machinery
http://biz.yahoo.com/p/c/cat.html
EARNINGS: Announced 4-18
STATUS: Breakout test. Gapped higher on earnings and has come back this week to fill the gap, fading back on low volume, tapping the 10 day EMA on the Thursday low and then rebounding to close flat. Nice breakout from a 7 month reverse head and shoulders base, and a great test. Showed a doji on the session, and that indicates the pullback is over. Ready to move in as CAT rebounds once more.
Volume: 5.306M Avg Volume: 7.32M
BUY POINT: $82.57 Volume=7.5M Target=$94.95 Stop=$79.77
POSITION: CAT HP - Aug. $80c (63 delta) &/or Stock
http://www.investmenthouse.com/ci/cat.html
Play Date: 04/24/2008
SLB (Schlumberger--$101.94; -2.93; optionable): Oilfield services
http://biz.yahoo.com/p/s/slb.html
EARNINGS: Announced 4-18-08
STATUS: Surged higher last week on its earnings report, clearing the early January peak on solid trade. It has come back to test the past three sessions, tapping at the 10 day EMA on the Thursday low and starting to rebound. Nice test of the breakout, holding near support. Looking to move into new positions as SLB completes this pullback and starts higher on some rising, above average volume.
Volume: 8.903M Avg Volume: 10.6M
BUY POINT: $102.57 Volume=13M Target=$117.95 Stop=$99.32
POSITION: SDB HT - Aug. $100c (60 delta) &/or Stock
http://www.investmenthouse.com/ci/slb.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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trade stock
stock recommendation
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