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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS:
Upside: Some more of the Big 3 and a couple of surprises to the upside. A big name oil to the downside.
Play Date: 06/12/2008
CHK (Chesapeake Energy--$58.29; -1.38; optionable): Natural gas exploration and production
http://biz.yahoo.com/p/c/chk.html
EARNINGS: Late July
STATUS: Test breakout. CHK gapped higher last Friday on that big oil surge, clearing a short 4 week base that tested the 50 day EMA (53.66) on the low, using that key level as support. After a breakout and run higher up the 18 day EMA from April through May it could have used another test of the 50 day EMA and it took it. After that jump higher it has tested back to the 10 day EMA (57.48), tapping that level on the Friday low and rebounding modestly. Looking for it to hold this level and then start a new move up the 10 and 18 day EMA.
Volume: 10.986M Avg Volume: 12.616M
BUY POINT: $59.78 Volume=15M Target=$68.95 Stop=$57.38
POSITION: CHK JL - Oct. $60c (48 delta) &/or Stock
http://www.investmenthouse.com/ci/chk.html
Play Date: 06/12/2008
MANT (Mantech Intl.--$50.32; -0.31; optionable): Business software
http://biz.yahoo.com/p/m/mant.html
EARNINGS: Late July
STATUS: Breakout test. Jumped out of a 6 month ascending triangle in late May, rallying near 55 on that run. The move took MANT to a new all-time high, and now it is testing that move, coming back the past week on very low, below average volume. It has found support at the 18 day EMA, just where you want it to. Volume spiked higher and above average Thursday as it tested and then rebounded to hold that level. Looking for it to continue the move higher from here and give us a nice buy point off the first test of the breakout move, one of our favorite entry points as it 'proves up' the breakout.
Volume: 268.783K Avg Volume: 245.085K
BUY POINT: $51.04 Volume=325K Target=$58.95 Stop=$49.55
POSITION: UUN HJ - Aug. $50c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/mant.html
Play Date: 06/12/2008
MON (Monsanto--$134.93; +1.53; optionable): Ag
http://biz.yahoo.com/p/m/mon.html
EARNINGS: 6-25-08
STATUS: Breakout test. MON has made us good money, and after an incredible 2007 run it needed a new base, and it has formed a 5 month ascending pattern, breaking out to start June. It rallied to 140 and has come back to near support to test that move, holding the 10 day EMA (133) this week, showing a nice tight doji at that level Thursday. Nice test and ready to move in as MON holds and starts back up on some solid trade.
Volume: 5.7M Avg Volume: 7.34M
BUY POINT: $136.48 Volume=10M Target=$156.95 Stop=$132.57
POSITION: MFP JG - Oct. $135c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/mon.html
Play Date: 06/12/2008
UTSI (Utstarcom--$5.49; +0.19; optionable): Foreign wireless telecom
http://biz.yahoo.com/p/u/utsi.html
EARNINGS: Announced 5-15-08
STATUS: Breakout test. After a long decline, UTSI bottomed in late 2007 and formed an 8 month cup base. It broke out in May, rallied to 5, and then tested. Rallied again and is now once more testing the 10 day EMA (5.26). Nice strong volume on the moves higher then good lateral to slightly lower consolidations to near support, setting up the next break higher. Looks as if UTSI is ready to make the next run higher in the breakout run. Has been a long time and UTSI is looking very promising.
Volume: 2.459M Avg Volume: 1.479M
BUY POINT: $5.71 Volume=1.8M Target=$7.75 Stop=$5.22
POSITION: UON GA - July $5c (66 delta) &/or Stock
http://www.investmenthouse.com/ci/utsi.html
Downside:
Play Date: 06/12/2008
XOM (Exxon--$87.06; -1.55; optionable): Major integrated oil company
http://biz.yahoo.com/p/x/xom.html
EARNINGS: Announced 5-1-08
STATUS: Double top. Announced earnings in early May and gapped lower. It held the 200 day SMA (89.06) and rebounded in mid-May. It climbed to the April peak and then fell hard, falling through the 200 day SMA to start June. A rebound the past week could not punch through that key level, and Thursday volume spiked as XOM gapped lower in a clear turn lower. Looking for further downside to make us some quick money. A move to the target lands a 39%ish gain.
Volume: 32.265M Avg Volume: 26.458M
BUY POINT: $86.72 Volume=27M Target=$83.26 Stop=$88.45
POSITION: XOM SR - July $90p (-58 delta)
http://www.investmenthouse.com/ci/xom.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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stock recommendation
stock investment information
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