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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS:
New Plays:
Play Date: 05/05/2008
BBG (Bill Barrett Corp.--$50.77; +1.52; optionable): Oil and gas drilling
http://biz.yahoo.com/p/b/bbg.html
EARNINGS: Announced 5-5-08 before the open
STATUS: Test 50 day EMA. Broke higher mid-April, clearing an 8 week cup with handle base and rallying to 55. It tested through Friday, coming back to the 50 day EMA (49), then bouncing Monday on a strong shot of volume as it held support and bounced on earnings. Looking for the rebound off the test to continue with a move through the 10 day EMA (51.26) on solid trade to give us the entry point.
Volume: 1.367M Avg Volume: 736.414K
BUY POINT: $51.38 Volume=1M Target=$58.95 Stop=$48.55
POSITION: BBG IJ - Sept. $50c (54 delta, 101 OI) &/or Stock
http://www.investmenthouse.com/ci/bbg.html
Play Date: 05/05/2008
CYBS (Cybersource--$17.32; -0.45; optionable): Business software
http://biz.yahoo.com/p/c/cybs.html
EARNINGS: Announced 4-29-08
STATUS: Breakout test. Gappped higher last week on earnings, clearing a 16 week base on strong volume. Nice base has set up a move toward a seven year high. Strong money flow is leading higher even as CYBS makes the test. May come back a bit more to the 10 day EMA (16.60), but if not we will be ready to move in as it turns right back up from that strong volume break to the upside.
Volume: 1.176M Avg Volume: 875K
BUY POINT: $17.88 Volume=1.4M Target=$21.55 Stop=$16.63
POSITION: CXQ GW - July $17.50c (54 delta, 123 OI) &/or Stock
http://www.investmenthouse.com/ci/cybs.html
Play Date: 05/05/2008
GNA (Gerdau Ameristeel--$16.65; +1.30; optionable): Steel and iron
http://biz.yahoo.com/p/g/gna.html
EARNINGS: 5-12-08
STATUS: Cup w/handle. Strong volume as GNA breaks higher, clearing the February peak and the matching April highs. Kind of a pattern within a pattern with this 9 week cup with handle acting as the handle to a larger 11 month cup with handle. Nice break higher and looking to move in with some positions on the continued move higher and then some more on the test.
Volume: 2.4M Avg Volume: 1.177M
BUY POINT: $16.78 Volume=1.2M Target=$20.75 Stop=$15.61
POSITION: GNA IC - Sept. $15c (70 delta) &/or Stock
http://www.investmenthouse.com/ci/gna.html
Play Date: 05/05/2008
HGT (Hugoton Royalty Trust--$29.97; +0.44; optionable): Gas production
http://biz.yahoo.com/p/h/hgt.html
EARNINGS: Announced 4-25-08
STATUS: Test 50 day EMA. Coming back to HGT as it comes off the test of the 50 day EMA (28.28), bouncing on rising, above average volume. Great break higher the third week of April, clearing a 7 week base. This test has set up a new run and volume is up on the Friday and Monday bounces. Want to see more trade as it continues the rebound.
Volume: 237.902K Avg Volume: 231.79K
BUY POINT: $30.21 Volume=345K Target=$34.95 Stop=$29.21
POSITION: HGT HF - Aug $30c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/hgt.html
Play Date: 05/05/2008
MATK (Martek Biosciences--$35.54; -0.16; optionable): Biotechnology
http://biz.yahoo.com/p/m/matk.html
EARNINGS: Early June
STATUS: Breakout test. MATK is working through a big 5 year base, but we are looking at the last 4 months where it formed a nice cup with handle through mid-April and broke out to finish April strong. It has come back to test the past week, holding the 10 day EMA (35.28), showing a doji there Monday on very low trade. Excellent set up to make the break higher. Excellent money flow is leading the way higher and we are looking to pick up MATK off of this test.
Volume: 211.477K Avg Volume: 499.93K
BUY POINT: $36.45 Volume=750K Target=$41.95 Stop=$34.22
POSITION: KQT IG - Sept. $35c (60 delta) &/or Stock
http://www.investmenthouse.com/ci/matk.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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trade stock
stock recommendation
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