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New Plays
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New Plays
Long Plays
Short Plays
AHG EOC
GMRK  
RGLD  

New Long Plays

Apria Healthcare - AHG - cls: 31.12 chg: +0.60 stop: 28.99

Company Description:
Apria provides home respiratory therapy, home infusion therapy and home medical equipment through approximately 500 branches serving patients in all 50 states. With approximately $1.5 billion in annual revenues, it is the nation's leading homecare company. (source: company press release or website)

Why We Like It:
AHG spent more than six weeks consolidating sideways and building a bottom in the $28.00 to $29.50 range. The stock broke out higher last week and pushed through resistance near $29.50, the 50-dma and the $30.00 level. Traders bought the dip again at $30.00 and shares now look poised to make a run at its highs. We're suggesting positions with AHG above $30.00. You can jump in now or wait for another dip in the $30.00-30.50 zone. Our target is the $33.95-34.00 range. We do not want to hold over the late July earnings report in about three weeks. We're placing our stop loss at $28.99. More conservative traders may want to place theirs closer to $29.50 or even near $30.00.

Picked on July 08 at $31.12
Change since picked: + 0.00
Earnings Date 07/26/07 (unconfirmed)
Average Daily Volume: 700 thousand

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GulfMark - GMRK - cls: 54.05 change: +1.33 stop: 49.99

Company Description:
GulfMark Offshore, Inc. provides marine transportation services to the energy industry through a fleet of sixty-one (61) offshore support vessels, primarily in the North Sea, offshore Southeast Asia, and the Americas. (source: company press release or website)

Why We Like It:
Crude oil futures broke out over resistance to new multi-month highs last week. This helped fuel new all-time highs for the oil and oil service stocks. Shares of GMRK, an oil service company, looks poised to breakout from its nine-week consolidation pattern. Aggressive traders may want to jump in now. We are suggesting a trigger to buy the stock at $54.55, which is just above Friday's high. More conservative traders may want to wait for bullish breakout over the $55.00 level. We are using a wide (somewhat aggressive) stop loss under $50.00. You might want to use a tighter stop. Our target is the $59.00-60.00 range. We do not want to hold over the late July earnings report. FYI: The MACD on the weekly chart is near a new sell signal but the P&F chart has a bullish (bear trap) pattern and a $65 target.

Picked on July xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 07/26/07 (unconfirmed)
Average Daily Volume: 284 thousand

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Royal Gold - RGLD - cls: 25.75 change: +0.54 stop: 23.99

Company Description:
Royal Gold is a precious metals royalty company engaging in the acquisition and management of precious metal royalty interests. (source: company press release or website)

Why We Like It:
Gold and mining stocks were big winners last week. The strength was almost sector wide and shares of RGLD managed to breakout past its bearish trendline of lower highs. The stock does have plenty of overhead resistance but it looks like RGLD has turned the corner. We're suggesting long positions now but odds are good we'll see a more attractive entry point on a dip back towards the $25.00 level, which should be short-term support. Watch the 50-dma to be overhead resistance. Our target is the $27.90-28.00 range. More aggressive traders may want to aim higher. FYI: The P&F chart is still very bearish.

Picked on July 08 at $25.75
Change since picked: + 0.00
Earnings Date 08/16/07 (unconfirmed)
Average Daily Volume: 462 thousand
 

New Short Plays

Empresa Natl. Elec. - EOC - cls: 47.50 chg: -1.05 stop: 50.05

Company Description:
Endesa Chile is an electricity generating company subsidiary of Enersis which has a presence in five countries in Latin America: Argentina, Brazil, Colombia, Chile and Peru. It has 46 electricity plants and an installed capacity of 12,332.8 MW. (source: company press release or website)

Why We Like It:
This new short play is based on the technicals. Virtually all of EOC's daily and weekly technical indicators have turned bearish. The stock has produced what appears to be a bearish double top with the April and June peaks. The last two weeks have seen multiple failed rallies under the $50.00 level. Now shares are breaking down under the 50-dma. We're suggesting shorts with a target in the $43.00-42.50 range. We do see potential support at the rising 100-dma around $45.00 so don't be surprised by a bounce. We do not want to hold over the late July earnings report.

Picked on July 08 at $47.50
Change since picked: + 0.00
Earnings Date 07/25/07 (unconfirmed)
Average Daily Volume: 141 thousand
 

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