|
|
us stock market, stock recommendation
Begin part 3 of 3
Full report issues Thursday
THE PLAYS
New Pre-Announcement:
Play Date: 06/18/2008
CSX (CSX Corp.--$64.21; +0.84; optionable): Railroads
http://biz.yahoo.com/p/c/csx.html
EARNINGS: 7-15-08
STATUS: Test 50 day EMA. CSX made us a lot of money on its March to May run, peaking at the end of May. It gapped lower on strong volume as the rails came under selling pressure after the run. The selling slowed and CSX started to work laterally and modestly lower, coming back to the 50 day EMA (63.19). Strong volume last week as it sold to this level but held; high volume at the 50 day EMA is not necessarily a bad thing as it shows the stock's supporters stepping up to the plate. It held and moved laterally for a week, showing a very big volume spike Wednesday as CSX bounced higher to test the 18 day EMA (65.37) before fading. Money flow has held tough. Looking for CSX to steam back up through the 18 day EMA and give us a buy.
Volume: 9.749M Avg Volume: 5.324M
BUY POINT: $65.48 Volume=8M Target=$75.45 Stop=$62.92
POSITION: CSX KM - Nov. $65c (50 delta) &/or Stock
http://www.investmenthouse.com/ci/csx.html
New Post-Split:
Play Date: 06/18/2008
PSYS (Psychiatric Solutions--$37.35; +0.45; optionable): Inpatient behavioral health care services
http://biz.yahoo.com/p/p/psys.html
EARNINGS: Late July
STATUS: Flat base. PSYS is moving laterally in a 7 week lateral consolidation of the early May gap higher and breakout from a 5 month reverse head and shoulders base. It cleared the 200 day SMA (35.10) on the move and then fell into this consolidation as the market underwent its selling. While the market has sold PSYS has moved laterally, basing further. Volume started higher Wednesday as PSYS started to reach higher. Looking for solid volume as PSYS makes the breakout from the consolidation range.
Volume: 726.947K Avg Volume: 902.32K
BUY POINT: $38.08 Volume=1.2M Target=$43.95 Stop=$36.38
POSITION: BYU IG - Sept. $35c (66 delta) &/or Stock
http://www.investmenthouse.com/cs/psys.html
New Leader:
Play Date: 06/18/2008
AMZN (Amazon.com--$82.52; -0.45; optionable): Online retail
http://biz.yahoo.com/p/a/amzn.html
EARNINGS: 7-23-08
STATUS: Test 200 day SMA. Taking another crack at AMZN as it continues to work higher in an ascending base the past 10 weeks that is part of a larger 6 month pattern. Broke higher through the 200 day SMA (81.34) on Monday, showing strong volume as it gapped higher Tuesday. Tested back to the 200 day SMA on the Wednesday low and rebounded, filling the Tuesday gap. Strong money flow continues leading higher. Looking for AMZN to bounce up off this level on some more strong volume and give us an entry point.
Volume: 6.848M Avg Volume: 7.854M
BUY POINT: $83.31 Volume=10M Target=$95.94 Stop=$81.11
POSITION: ZQN JP - Oct. $80c (63 delta) &/or Stock
http://www.investmenthouse.com/ci/amzn.html
Good Investing!
Jon L. Johnson and the Stock Split Report 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.
|
us stock market
stock recommendation
|
