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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 04/29/2008
AXP (American Express--$48.01; +0.12; optionable): Credit services
http://biz.yahoo.com/p/a/axp.html
EARNINGS: Announced 4-24-08
STATUS: Reverse head and shoulders. Gapped higher on earnings last Friday, breaking over the 90 day SMA (45.88) and bumping the breakout from its 4 month base formed at the bottom of a selloff from the October peak. Great volume as it jumped higher, and after the modest test this week on lighter volume we are looking to move in as AXP continues the break higher.
Volume: 7.716M Avg Volume: 10.302M
BUY POINT: $48.65 Volume=10M Target=$52.88 Stop=$47.22
POSITION: AXP GW - July $47.50c (62 delta) &/or Stock
http://www.investmenthouse.com/ct/axp.html
Play Date: 04/29/2008
GILD (Gilead Sciences--$51.71; -0.82; optionable): Biotechnology
http://biz.yahoo.com/p/g/gild.html
EARNINGS: 4-16-08
STATUS: Cup. GILD has formed the current 4 week cup as it tests the late March breakout from a neat little 11 week double bottom with handle base. It rallied close to 54 on the breakout move and this test is a nice set up to the next leg higher in the breakout run, and a new all-time high. Very solid.
Volume: 5.764M Avg Volume: 9.039M
BUY POINT: $52.84 Volume=13M Target=$60.88 Stop=$50.77
POSITION: GDQ HX - Aug. $52.50c (53 delta) &/or Stock
http://www.investmenthouse.com/ct/gild.html
Play Date: 04/29/2008
MSCC (Microsemi--$24.75; +0.45; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/m/mscc.html
EARNINGS: 4-24-08
STATUS: Cup w/handle. Moving toward the breakout from the handle to its 7 month base. MSCC is a bit different from many chips; a breakout from this pattern and it runs toward the October high near 30, and that is the all-time high. MSCC is a chip leader that has set up to make another run, and we want to be ready to move in as it starts. Volume was up last week on a solid earnings report, but it was not time to make the breakout. Has continued setting up well and is ready to make the breakout move for us.
Volume: 1.087M Avg Volume: 1.193M
BUY POINT: $25.11 Volume=1.8M Target=$29.95 Stop=$23.68
POSITION: QMS IE - Sept. $25c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/mscc.html
Play Date: 04/29/2008
RMBS (Rambus--$23.24; +0.96; optionable): Semiconductor memory chips
http://biz.yahoo.com/p/r/rmbs.html
EARNINGS: 4-24-08
STATUS: Test breakout. RMBS has spent the past month working laterally along the October and December highs, the tops to its 6 month base. It shot higher to end March on a favorable court ruling; RMBS is in litigation with just about everyone over chip licenses. It continues to win the cases, but it is a long process enforcing your patents and licenses. In any event, it jumped on that news and then tested. Volume spiked on earnings last week and it spiked again Tuesday as it started off support at 22. In excellent position to move higher and the volume spikes are 'get ready' spikes telling us to get ready for the next leg higher.
Volume: 4.831M Avg Volume: 2.919M
BUY POINT: $24.39 Volume=3.5M Target=$29.45 Stop=$22.77
POSITION: BNQ HX - Aug. $22.50c (63 delta) &/or Stock
http://www.investmenthouse.com/ci/rmbs.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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stock recommendation
stock investment information
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