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New Plays
Long Plays
Short Plays
CVS None
HPQ  
INTC  
INTU  
NOK  

New Long Plays

CVS Caremark - CVS - cls: 41.75 change: +0.72 stop: 39.85

Company Description:
CVS/pharmacy, the retail division of CVS Caremark Corporation, is America's largest retail pharmacy with approximately 6,200 retail locations. CVS/pharmacy is committed to improving the lives of those we serve by making innovative and high-quality health and pharmacy services safe, affordable and easy to access, both in its stores and online at CVS.com. (source: company press release or website)

Why We Like It:
CVS recently reported earnings and beat Wall Street's expectations. We like the bullish breakout over resistance near $40 several days ago. The stock has been digesting its gains with a sideways $40-42 consolidation. Aggressive traders could go long now. We're suggesting a trigger to buy CVS at $42.15, which would be a new high. Meanwhile, keep your eye on the stock for an alternative entry point if shares dip (or bounce) near $40.50 again. If triggered at $42.15 our target is the $45.85-46.00 range. Our time frame is year-end.

Picked on November xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 11/01/07 (confirmed)
Average Daily Volume: 10.5 million

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Hewlett Packard - HPQ - cls: 52.40 chg: +0.90 stop: 49.95

Company Description:
HP focuses on simplifying technology experiences for all of its customers from individual consumers to the largest businesses. With a portfolio that spans printing, personal computing, software, services and IT infrastructure, HP is among the worlds largest IT companies, with revenue totaling $100.5 billion for the four fiscal quarters ended July 31, 2007. (source: company press release or website)

Why We Like It:
Large cap technology stocks have been leading the market. Odds are that they will continue to lead. HPQ has a steady bullish trend but we suspect it might pick up speed as we near the company's earnings report. We're suggesting new long positions here but readers could choose buying a dip near $51 or wait for a breakout over $53.00. Our target is the $56.50-57.50 range. The Point & Figure chart is much more bullish with a triple-top breakout buy signal and a $72 target. We do not want to hold over the November 19th earnings report.

Picked on November 04 at $52.40
Change since picked: + 0.00
Earnings Date 11/19/07 (confirmed)
Average Daily Volume: 13.1 million

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Intel Corp. - INTC - cls: 26.80 change: +0.30 stop: 25.49

Intel, the world leader in silicon innovation, develops technologies, products and initiatives to continually advance how people work and live. (source: company press release or website)

Why We Like It:
The semiconductor sector has been under performing the market and the NASDAQ in spite of the bullish trend in INTC. We suspect that the tech sector will continue higher and that INTC will breakout over the $27 level and lead a sector turnaround. We're suggesting long positions now. More aggressive traders could try and wait for a dip back toward $26.50-26.00. We would encourage more conservative investors to wait for a new relative high over $27.10 before initiating new positions. Our target is the $29.85-30.00 range. We're suggesting a stop loss at $25.49 but you may want to consider an alternative stop near the 50-dma (25.75) or closer to $26.00. FYI: The P&F chart points to a $33.50 target.

Picked on November 04 at $26.80
Change since picked: + 0.00
Earnings Date 01/16/08 (unconfirmed)
Average Daily Volume: 65.2 million

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Intuit - INTU - cls: 32.54 change: +0.71 stop: 30.75

Company Description:
Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; consumers and accounting professionals. (source: company press release or website)

Why We Like It:
INTU is breaking out from a two-week consolidation pattern. The technical picture is improving. We see Friday's move back above the $32.00 level as a new bullish entry point to buy the stock. This is going to be a short-term play. INTU is due to report earnings on November 15th. We do not want to hold over the announcement. Our target is the $35.00-36.00 range. The P&F chart is bullish with a $46 target.

Picked on November 04 at $32.54
Change since picked: + 0.00
Earnings Date 11/15/07 (confirmed)
Average Daily Volume: 3.0 million

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Nokia - NOK - close: 39.71 change: +0.74 stop: 37.99

Company Description:
Nokia is a world leader in mobile communications, driving the growth and sustainability of the broader mobility industry. Nokia connects people to each other and the information that matters to them with easy-to-use and innovative products like mobile phones, devices and solutions for imaging, games, media and businesses. Nokia provides equipment, solutions and services for network operators and corporations. (source: company press release or website)

Why We Like It:
NOK broke out to new multi-year highs this past month thanks to some better than expected earnings numbers. The stock has been digesting its gains with a narrow sideways consolidation this past week. You'll notice that NOK didn't see much profit taking during the U.S. market's sell-off on Thursday. Nimble traders could try and buy a dip near $39.00 or even closer to $38.00 if one appears. We're suggesting a trigger to buy the next breakout at $40.11. If triggered our at $40.11 our target is the $44.00-45.00 range.

Picked on November xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 01/24/08 (unconfirmed)
Average Daily Volume: 13.1 million
 

New Short Plays

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