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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS:
Play Date: 05/29/2008
CW (Curtiss Wright Corp.--$50.52; +1.78; optionable): Aerospace/defense
http://biz.yahoo.com/p/c/cw.html
EARNINGS: Announced 4-24-08
STATUS: Double bottom w/handle. Huge volume as CW broke higher off the 200 day SMA, starting for the breakout from its 7 month base. Excellent money flow is leading the way higher and ready to move in as CW shows more upside on solid volume.
Volume: 633.026K Avg Volume: 360.622K
BUY POINT: $50.88 Volume=450K Target=$58.45 Stop=$48.91
POSITION: CW IJ - Sept. $50c (64 delta, low OI) &/or Stock
http://www.investmenthouse.com/ci/cw.html
Play Date: 05/29/2008
MATK (Martek Biosciences--$37.44; +2.07; optionable): Biotech
http://biz.yahoo.com/p/m/matk.html
EARNINGS: 6-4-08
STATUS: Test breakout. Volume jumped Thursday as MATK broke free of a 4 week lateral consolidation that tested the mid-April breakout from a 3.5 month base. Nice bounce higher, then worked laterally in May, refusing to give up gains; a sign of strength. Nice break higher and looking to move in as MATK continues the breakout move that has taken it to a new 2.5 year high.
Volume: 823.397K Avg Volume: 528.141K
BUY POINT: $37.65 Volume=550K Target=$44.95 Stop=$35.38
POSITION: KQT IG - Sept. $35c (74 delta) &/or Stock
http://www.investmenthouse.com/ci/matk.html
Play Date: 05/29/2008
NUVA (Nuvasive--$42.50; +1.88; optionable): Medical instruments
http://biz.yahoo.com/p/n/nuva.html
EARNINGS: Announced 4-22-08
STATUS: Reverse head and shoulders. Looking at NUVA again as it breaks higher on strong, above average volume, clearing the April and May highs in its 7.5 month base. Very strong, very solid, moving in on a new all-time high. Very nice.
Volume: 622.051K Avg Volume: 582.479K
BUY POINT: $42.74 Volume=600K Target=$49.45 Stop=$40.05
POSITION: QNU IH - Sept. $40c (68 delta, low OI) &/or Stock
http://www.investmenthouse.com/ci/nuva.html
Play Date: 05/29/2008
SLAB (Silicon Labs--$36.63; -0.25; optionable): Semiconductors
http://biz.yahoo.com/p/s/slab.html
EARNINGS: Announced 4-30-08
STATUS: Cup w/handle. Working laterally the past week in a tight range, hugging the 10 day EMA (36.52) as it forms the handle to its 7 month base. Strong money flow is leading higher as SLAB looks to make the comeback breakout as the chip sector continues to improve. Like how it can give us our gain without having to break to a new 52 week high.
Volume: 608.835K Avg Volume: 1.078M
BUY POINT: $37.21 Volume=1.6M Target=$42.95 Stop=$35.91
POSITION: QFJ GG - July $35c (68 delta) &/or Stock
http://www.investmenthouse.com/cd/slab.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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stock recommendation
stock investment information
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