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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS:
New plays:
Upside:
Play Date: 05/22/2008
CMI (Cummins--$69.35; +0.07; optionable): Engines, etc.
http://biz.yahoo.com/p/c/cmi.html
EARNINGS: 7-30-08
STATUS: Test 18 day EMA. Surged higher to end April, rallying on its earnings out of a 15 week base. Rallied to 74 on the breakout run and is now testing near support at the 18 day EMA (67.23), tapping that level on the low and rebounding to close flat. Nice low volume test shows few sellers. Looking for CMI to continue its move higher off of this test with a good shot of volume.
Volume: 1.924M Avg Volume: 2.962M
BUY POINT: $70.57 Volume=3.2M Target=$84.95 Stop=$67.11
POSITION: CDM IN - Sept. $70c (59 delta) &/or Stock
http://www.investmenthouse.com/ci/cmi.html
Play Date: 05/22/2008
SINA (Sina.com--$50.74; +0.30; optionable): Chinese internet
http://biz.yahoo.com/p/s/sina.html
EARNINGS: Announced 5-14-08
STATUS: Test 18 day EMA. SINA exploded higher on us in the second week of May and we missed that breakout from its 6.5 month double bottom with handle base. It rallied close to 60 then turned back the past week for a full test of the breakout move, tapping the 18 day EMA on the Thursday low and rebounding to close flat. Nice test and like that tight doji at the near support. Ready to move in on a strong bounce on continued solid, above average volume.
Volume: 3.222M Avg Volume: 1.535M
BUY POINT: $52.24 Volume=2.3M Target=$59.95 Stop=$49.31
POSITION: NOQ IJ - Sept. $50c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/sina.html
New buy point on current positions:
Play Date: 05/22/2008
SOHU (Sohu.com--$77.78; -0.33; optionable): Chinese internet
http://biz.yahoo.com/p/s/sohu.html
EARNINGS: Announced 4-28-08
STATUS: Test 18 day EMA. Gapped higher in late April on a strong earnings report, clearing a 5.5 month double bottom with handle base. Strong surge to 85 on the run, and now in its second test of the breakout, coming back to tap at the 18 day EMA on the Thursday low, rebounding off that level Thursday. Big move but still early in the breakout run, and this pullback looks tailor made for a new move higher. Need to see continued strong volume as it makes the break back upside to continue the run.
Volume: 2.375M Avg Volume: 1.792M
BUY POINT: $79.44 Volume=2.2M Target=$94.95 Stop=$76.86
POSITION: UZK IP - Sept. $80c (47 delta) &/or Stock
http://www.investmenthouse.com/ci/sohu.html
Play Date: 05/22/2008
VRSN (Verisign--$39.64; +0.31; optionable): Internet services
http://biz.yahoo.com/p/v/vrsn.html
EARNINGS: Announced 5-8-08
STATUS: Breakout test. Nice low volume over the 10 day EMA (39.20) as VRSN holds a strong breakout from last week. Nice formed 5.5 month double bottom with handle base, strong breakout on volume, and now a test setting up a great next break higher. Looking for volume to ramp up again as it makes the rebound once more.
Volume: 1.802M Avg Volume: 3.757M
BUY POINT: $40.12 Volume=4M Target=$47.95 Stop=$38.88
POSITION: QVR IH - Sept. $40c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/vrsn.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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stock recommendation
stock investment information
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