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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 05/03/2008
ACI (Arch Coal--$59.25; +3.41; optionable): Coal
http://biz.yahoo.com/p/a/aci.html
EARNINGS: Announced 4-12-08
STATUS: Test breakout. Surged higher on earnings, clearing a 14 week base and rallying just over 85 on the move. Has spent the past two weeks testing, and unlike many energy stocks, ACI did not break down, just tested easily, holding the 18 day EMA (79.37), its near support. Volume jumped Thursday as it tested and rebounded. Very nice action and just waiting for the break higher on strong trade.
Volume: 4.707M Avg Volume: 5.285M
BUY POINT: $59.68 Volume=5.5M Target=$71.75 Stop=$55.54
POSITION: ACI GL - July $60c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/aci.html
Play Date: 05/03/2008
EQIX (Equinix--$89.85; -1.35; optionable): Telecom
http://biz.yahoo.com/p/e/eqix.html
EARNINGS: Announced 4-23-08
STATUS: Cup w/handle. Working laterally last week over the 200 day SMA (86.87) after gapping higher in late April on earnings. After that strong volume move it needed to consolidate, and this handle is doing that, preparing for the breakout from its 6 month base. Excellent action with money flow well out ahead of the price, rising even as price moves laterally. That divergence is going to lead to the breakout move.
Volume: 865.937K Avg Volume: 1.297M
BUY POINT: $93.22 Volume=1.9M Target=$109.95 Stop=$88.32
POSITION: FQS IR - Sept. $90c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/eqix.html
Play Date: 05/03/2008
RIG (Transocean--$151.92; +6.16; optionable): Oil and gas offshore drilling
http://biz.yahoo.com/p/r/rig.html
EARNINGS: 5-7-08 before the open
STATUS: Test 50 day EMA. One of the strongest offshore drillers. RIG broke higher in mid-April, clearing a 15 week ascending base and rallying to 160. It then sold back the past two weeks to key support at the 50 day EMA (144) in all of the turmoil in commodities. Nice lower volume test that showed higher volume on the actual 50 day EMA test. That shows us that buyers were stepping in to support it as it traded down to that level. Nice bounce Friday, and looking to move in as it continues this rebound move.
Volume: 5.817M Avg Volume: 6.404M
BUY POINT: $152.55 Volume=7M Target=$175.75 Stop=$148.89
POSITION: RIG HJ - Aug. $150c (60 delta) &/or Stock
http://www.investmenthouse.com/ci/rig.html
Play Date: 05/03/2008
SOL (ReneSola Ltd.--$15.95; +0.33; optionable): Chips for solar power
http://biz.yahoo.com/p/s/sol.html
STATUS: Test 18 day EMA. A new issue in late January, SOL formed a quick 10 week base right out of the box. It gapped higher mid-April and rallied to 19. It has tested the past 2 weeks, holding the 18 day EMA (15.68) Thursday and Friday. Excellent test and in position to make the next move higher in its breakout.
Volume: 981.116K Avg Volume: 1.139M
BUY POINT: $16.67 Volume=1.2M Target=$22.95 Stop=$15.57
POSITION: SOL GC - July $15c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/sol.html
Play Date: 05/03/2008
WFT (Weatherford International--$81.00; +2.45; optionable): Oil and gas service company
http://biz.yahoo.com/p/w/wft.html
EARNINGS: Announced 4-12-08
STATUS: Test 18 day EMA. Broke out early April from a 12 week ascending base, rallying to 85 on the move. This is its test of that breakout move, coming back to the 18 day EMA (79.37) the past two weeks, riding laterally on lower volume during the 'issues' for the commodities and energy stocks. Excellent set up for a move higher as volume surged Thursday on a reach lower and then a strong rebound. Excellent strength, and as it continues its rebound we are ready to move in.
Volume: 3.4M Avg Volume: 4.419M
BUY POINT: $81.91 Volume=6M Target=$97.95 Stop=$78.44
POSITION: WFT HP - Aug. $80c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/wft.html
New buy point on continuing play:
Play Date: 05/03/2008
BIDU (Baidu.com--$361.50; -8.50; optionable): Chinese search
http://biz.yahoo.com/p/b/bidu.html
EARNINGS: Announced 4-24-08
STATUS: Cup w/handle. BIDU is setting up again, working laterally last week just below 375, waiting for the rising 10 day EMA (354) to catch up with it. Nice low volume as it rests ahead of the breakout from its 16 week base. Strong like bull. Just waiting for the next break higher.
Volume: 4.118M Avg Volume: 7.536M
BUY POINT: $374.11 Volume=11M Target=$424.95 Stop=$367.45
POSITION: BPJ IH - Sept. $380c (53 delta)
http://www.investmenthouse.com/ci/bidu.html
Continuing plays ready to move:
Play Date: 05/01/2008
CRM (Salesforce.com--$67.30; +0.01; optionable): Personnel, customer management software
http://biz.yahoo.com/p/c/crm.html
EARNINGS: Late May
STATUS: Breakout test. Nice test of the 10 day EMA Friday, bouncing up off that level on low volume as it continues its lateral consolidation. Just a matter of time to make the break higher. To recap: 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: 1.145M Avg Volume: 1.918M
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--$8.17; +0.25; optionable): Coal
http://biz.yahoo.com/p/i/ico.html
EARNIGNS: Announced 4-23-08
STATUS: Test 18 day EMA. Started up Friday and just missed the buy point. Volume was up but still below average. Want to see a bit better trade as it makes the move. To recap: 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: 1.543M Avg Volume: 1.982M
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
Play Date: 05/01/2008
LSTR (Landstar System--$53.18; -0.76; optionable): Trucking
http://biz.yahoo.com/p/l/lstr.html
EARNINGS: July 17
STATUS: Double bottom w/handle. Tested back to the 10 day EMA Friday, then rebounded to cut its losses. Low volume so no heavy selling, just taking a breather after the strong Thursday move. On the rebound from here it is a buy as volume climbs. To recaps: 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: 660.85K Avg Volume: 763.297K
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
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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