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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS:
New Plays:
Play Date: 05/01/2008
LSTR (Landstar System--$53.94; +1.98; optionable): Trucking
http://biz.yahoo.com/p/l/lstr.html
EARNINGS: July 17
STATUS: Double bottom w/handle. A short 5 week base formed over the 50 day EMA, consolidating the mid-March breakout from a larger 9 month cup with handle base. Strong volume Thursday as LSTR broke higher off the 18 day EMA from the handle. Strong money flow, great sector, nice consolidation to run it higher. Very nice.
Volume: 975.106K Avg Volume: 773.608K
BUY POINT: $54.31 Volume=1.2M Target=$62.45 Stop=$51.45
POSITION: QRY GJ - July $50c (66 delta) &/or Stock
http://www.investmenthouse.com/ci/lstr.html
Play Date: 05/01/2008
RTH (Retail Holders Trust--$98.65; +2.15; optionable): Retail ETF
http://biz.yahoo.com/p/r/rth.html
STATUS: Trend reversal. The retail sector broke its 9 month downtrend in April, moving through the 200 day SMA (95.61) last week then testing that move this week. Nice low volume then a break higher Thursday on stronger, above average trade. Nice double bottom formed at the bottom of the downtrend, setting the stage for the reversal. Strong money flow is leading higher. Looks very ready to make a nice solid run higher. Suggests the economic downturn is winding down.
Volume: 7.956M Avg Volume: 7.249M
BUY POINT: $99.21 Volume=10M Target=$111.95 Stop=$96.38
POSITION: RTH GT - July $100c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/rth.html
New buy points on current positions:
Play Date: 05/01/2008
CRM (Salesforce.com--$67.29; +0.56; optionable): Personnel, customer management software
http://biz.yahoo.com/p/c/crm.html
EARNINGS: Late May
STATUS: Breakout test. CRM exploded higher last week off a 50 day EMA test as it tried yet again to make a breakout move stick. This one looks to have taken; CRM has faded back to the 10 day EMA on very low volume, showing a nice doji with tail Thursday. Nice test of that breakout move and ready to continue higher. Looking to add some positions as it makes the move from this excellent test.
Volume: 1.415M Avg Volume: 1.933M
BUY POINT: $68.32 Volume=2.4M Target=$78.77 Stop=$65.11
POSITION: CRM HM - Aug. $65c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/crm.html
Play Date: 05/01/2008
ICO (International Coal Group--$7.92; -0.04; optionable): Coal
http://biz.yahoo.com/p/i/ico.html
EARNIGNS: Announced 4-23-08
STATUS: Test 18 day EMA. We exited ICO as the commodities were sinking, but it caught itself and rebounded, showing a doji at the 10 day EMA. It has tested the mid-April breakout from its 10 week cup base. If it makes the break higher on some rising volume we will get right back in.
Volume: 1.247M Avg Volume: 2.007M
BUY POINT: $8.21 Volume=3M Target=$10.32 Stop=$7.64
POSITION: ICO IU - Sept. $7.50c (64 delta) &/or Stock
http://www.investmenthouse.com/ci/ico.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.
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stock recommendation
stock investment information
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