|
|
us stock market, stock recommendation
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 07/08/2008
ACL (Alcon, Inc.--$163.03; +0.38; optionable): Medical supplies, instruments
http://biz.yahoo.com/p/a/acl.html
EARNINGS: 7-23-08
STATUS: Test breakout. Moving in a very tight lateral range the past two weeks after the mid-June breakout from a short 6 week cup with handle base that acted to consolidate the break higher from a larger 6 month pattern in late April. Didn't go much of anywhere on that breakout, but this base on base pattern tends to really weed out the sellers and set up a great run. Looking for a high volume breakout from this lateral move over the 18 day EMA.
Volume: 279.276K Avg Volume: 328.923K
BUY POINT: $164.78 Volume=475K Target=$179.95 Stop=$161.31
POSITION: ACL KM - Nov. $165c (48 delta) &/or Stock
http://www.investmenthouse.com/ci/acl.html
Play Date: 07/08/2008
ACN (Accenture--$41.00; +1.14; optionable): Management consulting, customer relationship services
http://biz.yahoo.com/p/a/acn.html
EARNINGS: Announced 6-26-08
STATUS: Test breakout. CAN broke out in late May from an 11 month base, rallying to 42. IN the market selling it tested, coming back to the 50 day EMA (39) during June, then gapped higher on earnings to end the month. Has tested that move this past week, holding near support at the 18 day EMA (39.89). Started back up Tuesday on lower but still solid, above average volume. If it continues following the money flow higher it is a buy.
Volume: 4.133M Avg Volume: 3.034M
BUY POINT: $41.48 Volume=4M Target=$47.95 Stop=$39.00
POSITION: ACN KH - Nov. $40c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/acn.html
Play Date: 07/08/2008
ATHR (Atheros Communications--$32.62; +0.79; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/a/athr.html
EARNINGS: 7-28-08
STATUS: Reverse head and shoulders. Coming off a test of the 200 day SMA down at 28, forming the right shoulder to its 8 month base. A quick tap of the 50 day EMA last week to test the move and now a bounce higher on strong volume Tuesday. The integrated circuits are set up quite well (e.g. BRCM). ATHR is a stock that made us a lot of money in 2006 and then in 2007. This base has set a good foundation for it to move up once more and we want to play it and make us some more money.
Volume: 2.168M Avg Volume: 1.606M
BUY POINT: $33.08 Volume=2.4M Target=$39.95 Stop=$30.88
POSITION: QRA IF - Sept. $30c (70 delta) &/or Stock
http://www.investmenthouse.com/ci/athr.html
Play Date: 07/08/2008
MANT (Mantech Intl.--$49.64; +1.85; optionable): National security program software solutions
http://biz.yahoo.com/p/m/mant.html
EARNINGS: 7-30-08
STATUS: Test trendline. MANT has marched up roughly the 90 day SMA (47) this year with 4 tests of the trendline after breakout out form a base in October last year. It has come back to that trendline, touching down at that level to start the month, moving laterally in the selling, and then bouncing Tuesday on rising, average volume. Cleared the 50 day EMA (48.67) on the Tuesday move and looks ready for another bounce higher in its trend. Looking to take that bounce to the bank.
Volume: 238.471K Avg Volume: 219.197K
BUY POINT: $50.22 Volume=329K Target=$57.95 Stop=$47.21
POSITION: UUN KJ - Nov. $50c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/mant.html
Play Date: 07/08/2008
MYGN (Myriad Genetics--$53.47; +1.74; optionable): Diagnostic substances
http://biz.yahoo.com/p/m/mygn.html
EARNINGS: 8-19-08
STATUS: Cup w/handle. Broke out from a 9 month base to start the month, rallied, tested a day during the market selling, then bounced back up Tuesday on strong volume after a quick tap at the 10 day EMA. In one of those sectors the market is liking right now. Nice. Ready to move to a 6 year high. Strong money flow is surging higher ahead of price and MYGN looks determined to follow it higher.
Volume: 3.632M Avg Volume: 1.364M
BUY POINT: $53.94 Volume=1.5M Target=$61.95 Stop=$50.55
POSITION: GSQ KJ - Nov. $50c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/mygn.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.
|
us stock market
stock recommendation
|
