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stock trading site, stock trading information
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 06/05/2008
APD (Air Products & Chemicals--$106.03; +4.55; optionable): Chemicals
http://biz.yahoo.com/p/a/apd.html
EARNINGS: Third week of July
STATUS: Double bottom with handle. Strong volume, strong price move as APD surges out of its 6 month base. Moving to a new all-time high with panache. Looking to take some positions as it continues the move and then adding to the position on a successful test.
Volume: 2.462M Avg Volume: 1.317M
BUY POINT: $106.24 Volume=1.5M Target=$119.95 Stop=$101.65
POSITION: APD IA - Sept. $105c (59 delta) &/or Stock
http://www.investmenthouse.com/ci/apd.html
Play Date: 06/05/2008
BMRN (Biomarin Pharmaceuticals--$38.69; +1.29; optionable): Biotechnology
http://biz.yahoo.com/p/b/bmrn.html
EARNINGS: Late July
STATUS: Double bottom w/handle. Taking another run at BMRN as sure enough, when it got back to the 50 day EMA (37.18) is jumped back up on rising, above average volume. Okay. Nice 16 week base, good action off the 50 day EMA. Looking to take some positions as it continues the move on solid trade, following its strong money flow.
Volume: 2.076M Avg Volume: 1.701M
BUY POINT: $39.31 Volume=2.6M Target=$47.31 Stop=$37.05
POSITION: NUR JH - Oct. $40c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/bmrn.html
Play Date: 06/05/2008
MOS (Mosaic Company--$134.42; +5.68; optionable): Ag chemicals
http://biz.yahoo.com/p/m/mos.html
EARNINGS: Late July
STATUS: Double bottom. Nice volume Tuesday on a solid upside move and again Thursday as MOS bounced from a Wednesday pullback. As with other ag stocks it has formed a 7 week base, using the 50 day EMA (121.53) as support. Nice break higher Thursday and looking to move in as it continues the move higher.
Volume: 7.077M Avg Volume: 6.676M
BUY POINT: $134.88 Volume=9M Target=$154.95 Stop=$129.05
POSITION: MTJ IG - Sept. $135c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/mos.html
Play Date: 06/05/2008
NKE (Nike--$70.07; +2.36; optionable): Athletic apparel. Swoosh. Just do it.
http://biz.yahoo.com/p/n/nke.html
EARNINGS: 6-25-08
STATUS: Flat base. Strong volume Wednesday and then an above average jump Thursday as NKE cleared a 10 week trading range, moving to a new all-time closing high. NKE keeps selling a lot of apparel and it keeps growing its earnings. Money flow is moving higher head of price and we are ready to move in as it continues the breakout and then look at some more positions on the successful test.
Volume: 4.887M Avg Volume: 3.745M
BUY POINT: $70.39 Volume=4.5M Target=$80.95 Stop=$67.21
POSITION: NKE JN - Oct. $70c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/nke.html
Good Investing!
Jon L. Johnson and your IH Alerts 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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