|
|
stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 06/17/2008
GPN (Global Payments--$48.59; +1.81; optionable): Payment systems
http://biz.yahoo.com/p/g/gpn.html
EARNINGS: Late June but no definite date yet
STATUS: Cup. GPN was a stock we played often from 2003 to 2005 as it was in a tremendous uptrend. Such a run necessitates quite a base and for the past 2.5 years GPN has traded in a large, ranging cup base. The past 8 months it has formed a base within that larger pattern, breaking higher to start June, clearing got a new 1.5 year high. It faded back to test, held support at 46, and then started back up this week with a strong Tuesday move on average trade. Nice break higher and looking to move in as GPN continues higher on solid trade. Very nice set up to make a new breakout and run toward a new high.
Volume: 482.253K Avg Volume: 549.242K
BUY POINT: $49.15 Volume=750K Target=$56.75 Stop=$47.05
POSITION: GPN HI - Aug. $45c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/gpn.html
Play Date: 06/17/2008
MEA (Metalico, Inc.--$14.84; -0.06; optionable): Steel and iron
http://biz.yahoo.com/p/m/mea.html
EARNINGS: Late July
STATUS: Test 50 day EMA. Broke out from a 6 month base, surging to 17.25 on the run. It has come back the past four weeks to test, holding at the 50 day EMA (14.27) on last week's low and on Tuesday, rebounding both days. Money flow remains strong for MEA as it tests this key support. This is where the big boys step in to support their stocks, and MEA is beautifully set up to make the next break higher.
Volume: 666.486K Avg Volume: 656.868K
BUY POINT: $15.11 Volume=985K Target=$18.95 Stop=$14.05
POSITION: MEA JC - Oct. $15c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/mea.html
Play Date: 06/17/2008
SU (Suncor Energy--$64.22; +1.17; optionable): Tar sands
http://biz.yahoo.com/p/s/su.html
EARNINGS: 7-24-08
STATUS: Test 50 day EMA. SU broke out from a 24 week reverse head and shoulders base in late April and then surged from 55 to 74 in May during that oil spike. As oil has turned more volatile, SU sold back to key support at the 50 day EMA (62.52). Volume was lower and below average the whole move back down. No dumping, just a lack of bids as oil remained choppy. It has made the test of key support, and as noted before, this is where the big boys come in to support their favorite stocks or they let it go. It will tell the tale for us. A big break higher on strong volume is a buy.
Volume: 4.865M Avg Volume: 5.732M
BUY POINT: $65.88 Volume=6.2M Target=$78.95 Stop=$62.34
POSITION: SU IM - Sept. $65c (50 delta) &/or Stock
http://www.investmenthouse.com/ci/su.html
Play Date: 06/17/2008
WGOV (Woodward Governor--$39.24; -0.48; optionable): Industrial electrical equipment
http://biz.yahoo.com/p/w/wgov.html
EARNINGS: Third week of July
STATUS: Test 18 day EMA. WGOV broke out from a nicely formed double bottom with handle in mid-May, gapping higher on strong volume. It surged just over 42 and peaked. Spent the past four weeks working laterally over the 18 day EMA (38.64). Now making a higher low after the consolidation, and that typically precedes the next upside move. Very solid, very well set up.
Volume: 438.715K Avg Volume: 638.808K
BUY POINT: $40.55 Volume=950K Target=$48.45 Stop=$38.44
POSITION: GUP JH - Oct. $40c (46 delta) &/or Stock
http://www.investmenthouse.com/ci/wgov.html
Downside:
Play Date: 06/17/2008
MS (Morgan Stanley--$40.59; -1.70; optionable): Investment brokerage
http://biz.yahoo.com/p/m/ms.html
EARNINGS: 7-18-08
STATUS: Put. Announces earnings Wednesday, and as GS announced good results but couldn't make anything of it we are looking for MS to continue lower. It has formed a 12 week broad top, breaking lower two weeks back. It rebounded near the 50 day EMA (44.02) and then reversed on high volume Tuesday. Looking to move in as MS continues lower. A move to the target lands a 49%ish move.
Volume: 26.002M Avg Volume: 16.592M
BUY POINT: $40.22 Volume=17M Target=$37.15 Stop=$42.55
POSITION: MS SO - Uly $41p (-45 delta)
http://www.investmenthouse.com/ci/ms.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.
|
stock recommendation
stock investment information
|
