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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 06/20/2009
ARAY (Accuray Inc.--$7.51; -0.13; optionable): Medical appliances
http://biz.yahoo.com/p/a/aray.html
After Hours: $7.50
EARNINGS: 05/05/2009
STATUS: Flag. Medical appliances and equipment are where some serious money is heading. ARAY surged higher to start June, breaking out from a 4 month ascending base. Nice strong first surge then a nice easy test last week, coming back to the 10 day EMA (7.39) and holding nicely. Hitting on all cylinders with surging money flow and excellent upside volume. May take a couple more days to test, but when it starts higher we will be ready to step in.
Volume: 443.698K Avg Volume: 324.374K
BUY POINT: $7.69 Volume=487K Target=$9.95 Stop=$7.15
POSITION: QVY IU - Sept. $7.50c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/aray.html
Play Date: 06/20/2009
NDAQ (Nasdaq Stock Market--$21.17; +0.33; optionable)
http://biz.yahoo.com/p/n/ndaq.html
After Hours: $21.14
EARNINGS: 05/07/2009
STATUS: Trend reversal. Looked at NDAQ in April and May but it could not make the move. Decided to wait for it to make the break from its 5 month triangle, up or down, and then play the test. It broke to the upside, making a higher high in early June. That move broke the down trendline. It has tested the past two weeks, coming back to the 50 day EMA (20.55) Wednesday and bouncing Thursday and Friday. Looking for more good volume as NDAQ continues the move higher.
Volume: 2.593M Avg Volume: 4.025M
BUY POINT: $21.37 Volume=4.2M Target=$26.95 Stop=$19.98
POSITION: NQD ID - Sept. $20c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/ndaq.html
Play Date: 06/20/2009
PMTI (Palomar Medical Tech--$15.92; -0.09; optionable): Medical appliances
http://biz.yahoo.com/p/p/pmti.html
After Hours: $15.91
EARNINGS: 04/30/2009
STATUS: Flag. Been a long time. We used to play PMTI all the time as it surged from 2003 to 2007. It has been a long slide lower, but it formed a 10 month base from August 2007 to May and then blasted higher in early June with an explosive breakout. It has spent the past 2 weeks testing, coming back to the 10 day EMA (15.85) Tuesday through Friday. Nice hold, and when it breaks higher again we are ready to move in.
Volume: 413.672K Avg Volume: 338.334K
BUY POINT: $16.42 Volume=500K Target=$19.96 Stop=$15.23
POSITION: HKQ KC - Nov. $15c (53 delta, wide spread) &/or Stock
http://www.investmenthouse.com/ci/pmti.html
Play Date: 06/20/2009
QSII (Quality Systems--$52.33; -0.57; optionable): Healthcare information software
http://biz.yahoo.com/p/q/qsii.html
After Hours: $52.01
EARNINGS: 05/29/2009
STATUS: Cup. A long flat three year base and now this strong runner we used to buy a lot is back in the game. It broke out in April and rallied to the end of May. Nice run and now QSII is testing, falling back to the 50 day EMA (50.95) and moving laterally for the past four weeks. Started back up Wednesday on the strongest volume since the start of the month. Nice easy test Friday. May take a couple more sessions to finish setting up, but this upside volume is telling us to 'get ready' for the break higher. On a move back up that holds into the close it is a buy.
Volume: 561.676K Avg Volume: 592.392K
BUY POINT: $52.93 Volume=725K Target=$63.95 Stop=$49.66
POSITION: QCR IJ - Sept. $50c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/qsii.html
Downside Plays:
Play Date: 06/20/2009
AAP (Advance Auto Parts--$42.77; +0.19; optionable): Auto parts stores
http://biz.yahoo.com/p/a/aap.html
After Hours: $42.77
EARNINGS: 08/12/2009
STATUS: Head and shoulders/Double top. AAP is bumping the 2008 peaks, rallying to that level in April, fading, then again in May and early June. Failed again, falling hard the third week of June. Strong volume on that drop. It has bounced but is starting to stall at a lower high. Looking for a stall here at the 18 day EMA (42.68) and a lower high to give us a nice downside play. There is a gap higher from February down at 34. We are looking for a move down to the gap up point at 36 as our initial target. A move to that level lands a 70%ish gain.
Volume: 2.058M Avg Volume: 2.057M
BUY POINT: $42.27 Volume=2.5M Target=$36.39 Stop=$43.88
POSITION: AAP UI - Sept. $45p (-55 delta)
http://www.investmenthouse.com/ci/aap.html
Play Date: 06/20/2009
BWLD (Buffalo Wild Wings--$33.61; +0.41; optionable): Restaurants
http://biz.yahoo.com/p/b/bwld.html
After Hours: $33.64
EARNINGS: 07/28/2009
STATUS: Head and shoulders. The wings place formed a head and shoulders top spanning March to early June. It broke hard to the downside two Thursdays back, falling on a sharp, above average volume jump. It tapped around the 200 day SMA (31.17) on the lows from last week and rebounded to the 10 day EMA on low volume. The move up took it to the May lows at the neckline and this is where we are watching for BWLD to turn over. There is a gap higher in February, a big gap, that we are looking for BWLD to fill on the selling we anticipate. The gap up point is at 25 and our initial target is not that ambitious but we will let part of the position run when it hits that level. A move to the target lands a 72%ish gain.
Volume: 508.029K Avg Volume: 611.805K
BUY POINT: $33.14 Volume=725K Target=$26.58 Stop=$35.22
POSITION: BQU UG - Sept. $35p (-50 delta)
http://www.investmenthouse.com/ci/bwld.html
Play Date: 06/20/2009
GLD (Gold ETF--$91.90; +0.29; optionable)
After Hours: $91.70
STATUS: Double top. Twin peaks from February and then early June. It sold down this month, holding at the 50 day EMA (91.68) all last week. This was the initial selloff from the second peak. Looking for a break lower through the 50 day to give us the buy point for a move down to some support at 87ish. That is the first target and returns 63%ish. It can fall to more serious support at 85 before this move is over. Just need to see gold break lower from this 50 day EMA support.
Volume: 11.812M Avg Volume: 14.108M
BUY POINT: $91.47 Volume=15M Target=$87.48 Stop=$92.89
POSITION: GLD TO - Aug. $93p (-58 delta)
http://www.investmenthouse.com/ci/gld.html
Play Date: 06/20/2009
SDS (UltraShort S&P500 ETF--$55.60; -0.47; optionable)
After Hours: $55.65
STATUS: Looking for an upside play on SDS, the upside ultra-short ETF on the SP500. Dipped back from Wednesday as SP500 made its bounce but stalling at 925ish. As SP500 rolls back SDS rolls upside. Ready to move in as SP500 sells back this coming week.
Volume: 33.037M Avg Volume: 46.159M
BUY POINT: $55.73 Volume=50M Target=$61.35 Stop=$54.44
POSITION: SDS ID - Sept. $56c (67 delta)
http://www.investmenthouse.com/ci/sds.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.
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stock recommendation
stock investment information
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