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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 05/14/2008
APH (Amphenol Corp.--$46.48; -0.47; optionable): Electrical, fiber optic connectors, coax, etc.
http://biz.yahoo.com/p/a/aph.html
EARNINGS: Announced 4-17-08
STATUS: Test 18 day EMA. Gapped higher in April on earnings, clearing the handle in a 15 week double bottom with handle base. This is the first test of the breakout and run higher, tapping at the 18 day EMA (46) the prior three sessions, holding that near support nicely. Solid base that sets APH up for a new high. It rallied to that then backed off to test after a good initial breakout run. It is ready to make the next move and as it break higher we will be ready to move in.
Volume: 761.281K Avg Volume: 1.177M
BUY POINT: $47.38 Volume=1.8M Target=$54.95 Stop=$45.88
POSITION: APH GI - July $45c (62 delta) &/or Stock
http://www.investmenthouse.com/ci/aph.html
Play Date: 05/14/2008
EDU (New Oriental Education & Tech--$78.02; +5.21; optionable): Chinese management education
http://biz.yahoo.com/p/e/edu.html
EARNINGS: Announced 4-16-08
STATUS: Test 50 day EMA. Breaking higher hard off the 50 day EMA test this week, surging on solid volume Wednesday. This is part of a 5.5 month base, just making the breakout Wednesday as it cleared the early March peak hit prior to the 50 day EMA test. Strong move and looking to move into some positions as it continues the break higher and then pick up some more to complete the buy when it makes a successful test, i.e. comes back after this move to test near support, holds it, and starts to bounce again.
Volume: 953.956K Avg Volume: 621.351K
BUY POINT: $78.48 Volume=650K Target=$90.31 Stop=$73.88
POSITION: EDU GO - July $75c (63 delta) &/or Stock
http://www.investmenthouse.com/ci/edu.html
Play Date: 05/14/2008
MCHP (Microchip--$36.76; -0.23; optionable): Semiconductors
http://biz.yahoo.com/p/m/mchp.html
EARNINGS: Announced 4-28-08
STATUS: Cup w/handle. MCHP is working its way through a long 13 month base. Strong break higher to end April on its earnings but a quick test back this month, holding near support at the 18 day EMA (36.43) this past week on low, below average volume. Volume started back up Wednesday, and after this test we are looking for MCHP to make the break higher and give us the buy. Very nice and just need to be patient and let MCHP show us the start of the move and then we move in.
Volume: 4.034M Avg Volume: 3.15M
BUY POINT: $38.31 Volume=4.7M Target=$44.38 Stop=$36.32
POSITION: GMT GG - July $35c (64 delta) &/or Stock
http://www.investmenthouse.com/ci/mchp.html
Play Date: 05/14/2008
OSTK (Overstock.com--$21.01; -0.19; optionable): Fire sale merchandise
http://biz.yahoo.com/p/o/ostk.html
EARNINGS: Announced 4-18-08
STATUS: Test 200 day SMA. OSTK gapped higher on its earnings then moved through the 200 day SMA to end April. It tested that move and then broke sharply higher Monday on strong volume. This action has formed a nice handle or lateral shakeout to OSTK's large 6.5 month base. After the solid break higher Monday on above average volume it has tested the past two sessions on low trade. Waiting for the test of this key support level to hold, proving it is indeed acting as support. On the bounce up on solid trade is when we move in. Plenty of room overhead for Overstock to climb.
Volume: 203.078K Avg Volume: 320.184K
BUY POINT: $22.06 Volume=365K Target=$27.95 Stop=$20.52
POSITION: QKT ID - Sept. $20c (66 delta) &/or Stock
http://www.investmenthouse.com/ct/ostk.html
Play Date: 05/14/2008
PKI (Perkinelmer--$28.22; +0.92; optionable): Medical instruments
http://biz.yahoo.com/p/p/pki.html
EARNINGS: Announced 4-24-08
STATUS: Double bottom w/handle. Strong volume Wednesday as PKI clears the three week handle to its 9 month base, moving to challenge its October 2007 high, a move that would take it to a 9 year high. Very nice pattern to set the foundation for that move. Great volume and as PKI continues we are looking to move in and see how far it will take us.
Volume: 2.182M Avg Volume: 1.046M
BUY POINT: $28.48 Volume=1.2M Target=$32.95 Stop=$27.08
POSITION: PKI IE - Sept. $25c (71 delta, low OI) &/or Stock
http://www.investmenthouse.com/ct/pki.html
CONTINUING PLAYS:
Upside:
Play Date: 05/12/2008
BBD (Banco Bradesco--$22.79; -0.21; optionable): Foreign regional banks
http://biz.yahoo.com/p/b/bbd.html
EARNINGS: Announced 4-29-08
STATUS: Breakout test. Still testing the 18 day EMA, showing stronger, above average volume. Has spent a week testing and still set to make the next run higher. To recap: Surged higher to end April and begin May, surging up to 24 on the high before testing back to the 18 day EMA (22.52) the past week. Already banked some gain on this puppy, and ready to move in as it bounces back up from this test to continue its breakout run. Have to like that.
Volume: 10.761M Avg Volume: 9.574M
BUY POINT: $23.48 Volume=10M Target=$27.95 Stop=$22.39
POSITION: BBD IX - Sept. $22.50c (62 delta) &/or Stock
http://www.investmenthouse.com/ci/bbd.html
Play Date: 05/03/2008
EQIX (Equinix--$88.29; -0.02; optionable): Telecom
http://biz.yahoo.com/p/e/eqix.html
EARNINGS: Announced 4-23-08
STATUS: Cup w/handle. And EQIX continues to move laterally in its four week handle. Volume was up Monday, but EQIX could not make the move; volume was not up that much anyway. Still set, still waiting. To recap: 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: 422.72K Avg Volume: 1.225M
BUY POINT: New: 90.32; Breakout: $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: 05/08/2008
ITU (Banco Itau--$27.66; -0.30; optionable): Foreign bank
http://biz.yahoo.com/p/i/itu.html
EARNINGS: Announced 5-6-08
STATUS: Breakout test. Another foreign bank that is testing near support at the 18 day EMA, still setting up for the next break higher. Volume edged higher as ITU showed a tight doji. Waiting . . . To recap: Explosive move to end April and start May, surging to 32 and making us some very nice coin as it cleared its 4.5 month base and rallied. It has come back to test that move, selling down to the 18 day EMA (27.25) Wednesday and Thursday. Watching to see if ITU turns back up on some strong trade to start the move again. That is when we move in.
Volume: 4.634M Avg Volume: 5.858M
BUY POINT: $28.38 Volume=7.5M Target=$34.00 Stop=$27.05
POSITION: ITU IE - Sept. $25c (69 delta) &/or Stock
http://www.investmenthouse.com/ci/itu.html
Play Date: 05/13/2008
JEC (Jacobs Engineering--$94.03; +0.09; optionable): Engineering services
http://biz.yahoo.com/p/j/jec.html
EARNINGS: Announced 4-22-08
STATUS: Double bottom with handle breakout. Rallied to 95 but gave it all back to close flat. No problem; good to see it slow a bit. Now when it starts back up we move in. To recap: Strong above average volume Tuesday as JEC broke higher out of the handle of its 18 week base. Very nicely formed pattern using the 200 day SMA on the low as support, then making a higher low with the handle at near support at the 18 day EMA. Nice and quiet action then bolting higher on strong volume as the sector enjoys good news, e.g. the FWLT earnings. That does not mean this is chopped liver; great pattern setting the foundation for a solid run after this breakout.
Volume: 1.582M Avg Volume: 1.694M
BUY POINT: $94.24 Volume=1.8M Target=$108.45 Stop=$88.89
POSITION: JEC GR - July $90c (61 delta) &/or Stock
http://www.investmenthouse.com/ct/jec.html
Play Date: 05/12/2008
MICC (Millicom Cellular--$121.34; +1.20; optionable): Central and South American, African, Asian mobile telephony
http://biz.yahoo.com/p/m/micc.html
EARNING: 7-22-08
STATUS: Double bottom w/handle. Gapped higher but closed well off the high on continued below average volume. Not the kind of move we were looking for off the 10 day EMA test. Need to see some more trade. To recap: Broke higher to start the month, moving up to the middle of its 6 month base. After that move it slid laterally the past week, waiting for the 10 day EMA (114.63) to rise to meet it and send it higher on its next move. Strong money flow is leading higher and MICC is ready to follow that money higher and to a new high. Very nice.
Volume: 610.882K Avg Volume: 869.111K
BUY POINT: $120.42 Volume=1.3M Target=$143.95 Stop=$115.55
POSITION: CQD GD - July $120c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/micc.html
Play Date: 05/08/2008
ULTI (Ultimate Software--$35.04; -0.30; optionable): Internet software
http://biz.yahoo.com/p/u/ulti.html
EARNINGS: Announced 4-30-08
STATUS: Test breakout. Still testing the 10 day EMA with volume moving up above average Wednesday as it does. Just looking for the break higher on some of this kind of volume. To recap: Exploded higher to start the month on strong volume as earnings shot it out of the cannon, breaking it out of a 6 month double bottom base. Explosive move that is now testing on very light, below average trade, coming back to the 10 day EMA Wednesday and Thursday, bouncing off that level Thursday. Nice test of the breakout and ready to move in as ULTI continues the rebound on some better trade.
Volume: 266.812K Avg Volume: 230.165K
BUY POINT: $35.72 Volume=325K Target=$42.95 Stop=$33.94
POSITION: TTA GG - July $35c (57 delta, 102 OI) &/or Stock
http://www.investmenthouse.com/ci/ulti.html
Play Date: 05/12/2008
XRAY (Dentsply--$41.61; +0.54; optionable): Dental instruments
http://biz.yahoo.com/p/x/xray.html
EARNINGS: Announced 5-1-08
STATUS: Double bottom with handle. Continued higher off the 200 day SMA though volume did not move up with it. Good break higher over the 200 day Monday, and if XRAY can continue on some solid trade it is a buy. To recap: Gapped higher to start the month on some strong earnings, moving past the middle of the pattern at the early April peak. Nicely formed 4.5 month base with its up and down motion to really shake out the sellers. Nice surge on the earnings, and then a lower volume, full test where it filled the gap. That is out of the way now, and Monday XRAY was surging higher on strong volume, clearing the 200 day SMA (40.73). Money flow is exploding higher ahead of price, dragging price along with it. Looking to move in as XRAY continues this move higher. Plenty of room to run for us and make us some nice green.
Volume: 1.068M Avg Volume: 1.311M
BUY POINT: $41.48 Volume=1.6M Target=$47.95 Stop=$40.22
POSITION: XEQ GH - July $40c (59 delta) &/or Stock
http://www.investmenthouse.com/ct/xray.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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trade stock
stock recommendation
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