|
|
stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS:
New plays:
Upside:
Play Date: 05/20/2008
FWLT (Foster Wheeler--$77.36; +0.55; optionable): Heavy construction
http://biz.yahoo.com/p/f/fwlt.html
EARNINGS: Announced 5-7-08
STATUS: Double bottom w/handle. Nice strong volume surge last week finished the right side of its 5 month base, rallying to 80, the February peak, the 'hump' in the pattern. It matched that level and has faded toward the 10 day EMA (74.31), tapping toward that on the Tuesday low and then rebounding for a modest gain. Very low volume shakeout setting up the next breakout and run for FWLT.
Volume: 2.236M Avg Volume: 3.836M
BUY POINT: $78.22 Volume=5M Target=$93.95 Stop=$74.89
POSITION: UFG HW - Aug. $77.50c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/fwlt.html
Play Date: 05/20/2008
DSX (Diana Shipping--$38.80; +0.74; optionable): Shipping
http://biz.yahoo.com/p/d/dsx.html
EARNINGS: Announced 5-14-08
STATUS: Breakout test. Said we would get back in when it tested, and Tuesday DSX reached down to the 10 day EMA on the low and snapped back for a gain. Gapped higher last week, and this intraday move filled that gap and recovered. Looks ready to continue the advance in its large 7 month pattern. We are ready to move in as it makes the next move higher.
Volume: 3.137M Avg Volume: 1.551M
BUY POINT: $39.39 Volume=3.5M Target=$45.32 Stop=$36.63
POSITION: DSX IH - Sept. $40c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/dsx.html
Play Date: 05/20/2008
EXM (Excel Maritime Carriers--$55.03; +1.32; optionable): Shipping
http://biz.yahoo.com/p/e/exm.html
EARNINGS: Announced 5-19-08
STATUS: Breakout test. Another shipper that surged then rolled over Monday after an upside gap. It tapped the 10 day EMA on the low and rallied right back. Looking for a continued move higher to give us the buy point as EXM rallies higher toward the October peak at 82.
Volume: 3.195M Avg Volume: 1.414M
BUY POINT: $55.68 Volume=3.5M Target=$74.95 Stop=$52.77
POSITION: EXM IK - Sept. $55c (60 delta) &/or Stock
http://www.investmenthouse.com/ci/exm.html
Play Date: 05/20/2008
MDR (McDermott Intl.--$61.16; +2.17; optionable): Heavy construction
http://biz.yahoo.com/p/m/mdr.html
EARNINGS: Announced 5-12-08
STATUS: Reverse head and shoulders. MDR has moved up to the neckline in its 7 month base, bouncing off the 200 day SMA this month in a short double bottom base. Volume has swelled the past few upside sessions, showing accumulation and ready to show us the breakout move. Very solid.
Volume: 2.563M Avg Volume: 2.477M
BUY POINT: $61.78 Volume=3.5M Target=$71.95 Stop=$58.45
POSITION: MDR HL - Aug. $60c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/mdr.html
New buy points on current positions:
Play Date: 05/20/2008
ICO (International Coal Group--$9.75; -0.03; optionable): Coal
http://biz.yahoo.com/p/i/ico.html
EARNINGS: Announced 4-23-08
STATUS: Breakout test. Making the second test of near support (the 10 day EMA) after the mid-April breakout from its 10 wee saucer base. Nice run making us good money as ICO rallies up the 10 day EMA (9.60), showing a doji there Tuesday on low volume; that indicates the test is just about over. Looking for more upside as ICO comes off this doji and gives us the new buy point.
Volume: 1.889M Avg Volume: 2.223M
BUY POINT: $10.11 Volume=3M Target=$12.15 Stop=$9.40
POSITION: ICO IB - Sept. $10c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/ico.html
Play Date: 05/20/2008
JRJC (China Finance Online--$24.51; -0.22; optionable): Internet info provider, China
http://biz.yahoo.com/p/j/jrjc.html
EARNINGS: Late May
STATUS: Breakout test. JRJC gapped higher Friday on strong volume, making the initial breakout from a double bottom with handle formed at the bottom of its longer 8 month base. Nice breakout, and this test Tuesday down to the 10 day EMA on the low followed by a solid recovery shows the buyers are still there. Ready to move in JRJC starts back up off of this tes.
Volume: 1.369M Avg Volume: 1.345M
BUY POINT: $25.04 Volume=1.8M Target=$29.95 Stop=$23.29
POSITION: JQJ IX - Sept. $22.50c (68 delta) &/or Stock
http://www.investmenthouse.com/ci/jrjc.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.
|
stock recommendation
stock investment information
|
