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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS:
New Plays:
Play Date: 05/13/2008
CW (Curtiss Wright Corp.--$50.77; +2.77; optionable): Aerospace/defense
http://biz.yahoo.com/p/c/cw.html
EARNINGS: Announced 4-24-08
STATUS: Double bottom w/handle breakout. Strong volume Tuesday as CW jumped higher, clearing the handle in its 7 month base. Nice classic action with the second bottom undercutting the first. Broke over the 200 day SMA definitively to begin the month and just came back to test that move, tapping the 200 day on Friday and bouncing. Strong volume off that level shows big buyers moving in. Ready to start some positions as it continues the move and then will look for a test to add.
Volume: 521.59K Avg Volume: 359.392K
BUY POINT: $51.04 Volume=400K Target=$58.95 Stop=$48.55
POSITION: CW IJ - Sept. $50c (56 delta, 69 OI) &/or Stock
http://www.investmenthouse.com/ci/cw.html
Play Date: 05/13/2008
JASO (JA Solar Holdings--$23.70; +1.60; optionable): Solar semiconductors
http://biz.yahoo.com/p/j/jaso.html
EARNINGS: 5-12-08
STATUS: Cup w/handle. Tested back to the 50 day EMA this month, forming a new handle to its 19 week base. Volume edged higher as it works toward the resumed breakout move, posting an above average trade as it bounced Tuesday. Will see if it can continue the upside momentum on continued solid trade.
Volume: 9.291M Avg Volume: 6.882M
BUY POINT: $24.31 Volume=10M Target=$29.25 Stop=$22.65
POSITION: QJP IX - Sept. $22.50c (65 delta) &/or Stock
http://www.investmenthouse.com/cd/jaso.html
Play Date: 05/13/2008
SIM (Grupo Simec--$13.33; +0.58; optionable): Steel and iron
http://biz.yahoo.com/p/s/sim.html
EARNINGS: Announced 4-28-08
STATUS: Cup w/handle. Excellent volume the past week as SIM made a test of near support at the 18 day EMA and then surging higher, making the breakout move Tuesday. Very nice action as SIM breaks from its 11 month base, part of a much larger 18 month pattern. SIM is strong, ready to head higher, and it has plenty of room to run.
Volume: 446.02K Avg Volume: 155.275K
BUY POINT: $13.44 Volume=250K Target=$16.25 Stop=$12.51
POSITION: SIM GV - July $12.50c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/sim.html
Play Date: 05/13/2008
V (Visa, Inc.--$82.38; +0.48; optionable): Credit services
http://biz.yahoo.com/p/v/v.html
EARNINGS: Announced 4-28-08
STATUS: Test 18 day EMA. Testing its April surge, coming back to test the 18 day EMA (79.70) on the Monday low and rebounded. First test after that big post-earnings run (its first one; a new issue in March), and looking to play it off of this test for the next run higher off of support.
Volume: 13.318M Avg Volume: 22.736M
BUY POINT: $83.66 Volume=25M Target=$99.75 Stop=$79.55
POSITION: V IP - Sept. $80c (62 delta) or V IQ - Sept. $85c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/v.html
Play Date: 05/13/2008
YTEC (Yucheng Technologies--$17.93; +1.31; optionable): Software consulting for Chinese banking system
http://biz.yahoo.com/p/y/ytec.html
STATUS: Ascending triangle. Nicely formed 3.5 month triangle, making higher lows up the 90 day SMA below a constant top at 18. Formed this pattern after breaking higher in early February from a 3.5 month double bottom, then falling into this current pattern. Looks like a nice base on base pattern that really sets the foundation for a new move higher. Nice volume as it broke higher Tuesday, and looking for more solid trade as it continues the move.
Volume: 430.494K Avg Volume: 237.629K
BUY POINT: $18.11 Volume=300K Target=$21.95 Stop=$16.95
POSITION: TXE GW - July $17.50c (63 delta) &/or Stock
http://www.investmenthouse.com/ci/ytec.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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