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us stock market, stock recommendation
Begin Part 2 of 2
THE PLAYS:
Good movers: Puts a plenty hitting the targets.
Monday plays:
DCOM: Tested the 50 day MVA, but recovered and still in the pattern.
JAS-B: Tested the 18 day MVA, but still in the pattern as well.
ATH: Tried to roll down and still looks ready to do so.
SYK: Started to move down on rising volume.
Best Plays:
1) BLUD: Nice consolidation.
2) SRZ: Ready to fall
3) Watchlist: JDSU; INLD
NEW PLAYS:
Upside:
BLUD (Immucor--$23.04; -0.04; no options): Diagnostic substances
http://biz.yahoo.com/p/b/blud.html
STATUS: Wedge. After a strong run following a May breakout, BLUD is forming a small wedge consolidation on top of the 18 day MVA (21.90), testing that level on the lows of two consecutive hammer doji's. The stock has made three moves up the 18 day MVA since the breakout, and we are looking for a strong move up out of this consolidation for another run off of the MVA. BLUD is close to a 10-year high, and it enjoys excellent accumulation with 4 accumulation weeks to 1 distribution week over the last two months. Looking for a strong move up from here to capture this fourth bounce; the later bounces are usually a bit bigger as the stock gets a bit wilder. We will capture the move and take some profits. If it still looks good we will let the rest ride.
Volume: 95K Avg Volume: 178.227K
BUY POINT: $23.55 Volume=267K Target=$28.26 Stop=$21.55
POSITION: Stock (no options)
http://www.investmenthouse.com/cd/blud.html
CREE (Cree, Inc.--$13.4; +1.25; optionable): Semiconductors
http://biz.yahoo.com/p/c/cree.html
STATUS: Momentum. CREE is participating in the momentum in the semiconductor sector, rallying off the bottom of its base Thursday and continuing the move Monday on strong volume. It has not cleared all near term resistance (14), but it is making a good run at it. As the techs continue to rally in this oversold bounce this one is in good positions to make us some money. It is one we can play the stock, but we like the leverage the options give us here.
Volume: 1.955M Avg Volume: 1.484M
BUY POINT: $14.05 Volume=2.2M Target=$17 Stop=$13.07
POSITION: CVO LB - Dec. $10 call (78 delta) and/or stock
http://www.investmenthouse.com/cd/cree.html
Downside:
SRZ (Sunrise Assisted Living--$24.66; -0.47; optionable): Long term care
http://biz.yahoo.com/p/s/srz.html
STATUS: Tested the 10 day MVA on Friday's high and then sank a bit lower Monday. It recovered off of the low at 23.56 on rising volume, but this sector is weak, and it looks that SRZ is going to sell back down after the whirlwind recovery rally that reversed the entire market starts choosing specific sectors to move back up. We don't think this will be one of them.
Volume: 300.6K Avg Volume: 256.681K
BUY POINT: $24.54 Volume=300K Target=$21.05 Stop=$26.55
POSITION: SRZ TF - Aug. $30 put (-69 delta, low OI)
http://www.investmenthouse.com/cd/srz.html
MEMBER PORTFOLIO: CUB, EBAY, HOTT; LOW, NOC, PG, QLGC, RCII, SRCL, WM
Stock Date Play Close +/- Pivot Tgt Vol AvgV Stop
CUB 07/06 Cup 20.24 +0.97 0 0 178K 0 0
Excellent move off of the 200 day MVA on rising volume. May give a play up to 22 to 24, but at this juncture it would be momentum.
QLGC 07/06 Test 18 42.81 +3.39 0 0 17M 16M 0
Powered higher on some impressive volume, clearing the 50 day MVA in the process. It is a momentum play here, but has the 200 day MVA at 45 to deal with. Can really move when it gets in the game as it did late today.
RCII 07/06 Cup 50.78 +2.06 0 0 758K 0 0
Great earnings report, moving higher on rising volume. Could give it a move back up to 52.50 to 55.
CONTINUING/WATCHLIST:
We have made a change to the table. Instead of average volume we have included the target volume.
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ABCW 07/09 Test BO 20.65 -1 24.12 29 92K 78K 22.35
Did not recover with the market, selling on rising volume. Ugly.
ABCW 06/20 A Wedge 20.65 -1 23.35 27.55 92K 70K 21.65
ATH 07/13 Put 63.5 -0.85 64.05 58.25 1.7M 1.5M 67
Looks ready to roll back down, stalling at the 10 day MVA.
BLI 06/11 Test BO 17.72 -0.28 18.5 22 832K 750K 17.30
Hit the stop point and then rallied back to close above the 50 day MVA.
BLUD 07/15 A Wedge 23.04 -0.04 23.55 28.26 95K 267K 21.55
CCRN 07/10 Put 28.63 -2.43 32.95 28.55 402K 400K 35
Tanking.
CHGO 05/28 Test 18 8.7 +0.22 7.75 10 193K 380K 7.21
Managed to hold the 50 day MVA and give a slight bounce. We will see.
CHGO 05/09 Test 50 8.7 +0.22 7.3 10 193K 230K 7.02
CLF 05/15 Test BO 25.15 +0.27 28.2 34 44K 125K 26.90
CPKI 07/11 cup hdl 22.99 -0.46 26.25 31.5 250K 180K 24.41
Stinking it up.
CREE 07/15 BO 13.4 +1.25 14.05 17 2M 2.2M 13.07
CUB 07/06 Cup 20.24 +0.97 0 0 178K 0 0
DCOM 07/13 cup hdl 24.75 -0.15 26.01 31.25 186K 290K 23.85
DESI 05/29 Test 18 5.05 -0.03 7.25 11 66K 170K 6.74
DLTR 05/09 Flat 32.11 -0.56 38.95 33 1.7M 950K 36.22
DNA 07/09 Put 29.4 -0.35 26.95 21.95 2.4M 3M 30.50
Doji at the 10 day MVA as volume falls. Looks ready to tank.
DROOY 05/21 A Wedge 4.21 -0.15 4.85 7 4.2M 4M 4.30
EBAY 07/02 Test 50 60.8 -0.21 57.95 63 10M 600K 57
ELK 06/01 DB hdl 24.74 +0.57 27.46 34.96 194K 133K 24.95
Rallied back over the 200 day MVA on rising volume.
ENC 05/06 Rv H&S 8.38 -0.26 7.3 9.5 24K 57K 6.79
Falling but on lower volume. Still broke the 18 day MVA however, and if cannot recover Tuesday we will consider exiting.
EXAS 06/15 cup hdl 11.48 -0.7 15.3 18.5 208K 128K 12
FDP 06/26 Test 18 24.24 -1.67 27.1 32.5 446K 250K 25.25
Broke the 50 day MVA on rising volume and did not recover with the market. Needs to recapture it tomorrow or exit.
FDP 05/21 A Wedge 24.24 -1.67 24.75 29.7 446K 300K 23.02
FORG 06/15 Test BO 4.25 +0.09 5.15 6.85 172K 165K 4.20
Another move higher, but stalled at the 18 day MVA on low volume and at the down trendline. This might be the last exit point.
HARB 06/22 BO 22.92 +0.53 24.11 29 65K 85K 21.75
Hugging the 50 day MVA.
HLYW 05/29 Test 18 17.09 +0.28 19.25 27 744K 1.4M 17.9
Tested the 200 day MVA on the low and bounced to show a gain. Good volume. We will see if it carried up to 18.
HNR 05/20 A Wedge 4.8 -0.09 5.25 7.5 110K 250K 4.55
Still very good in the pattern.
HOTT 07/06 Test 50 23 -1.02 0 0 1.1M 1M 0
HOTT 06/12 Test BO 23 -1.02 27.05 32 1.1M 1M 24.64
HOTT 05/29 Test BO 23 -1.02 26.5 32 1.1M 1.1M 24.64
INLD 05/18 cup hdl 3.28 +0.24 3.1 4.75 737K 700K 2.50
Strong price move and now looking for volume.
IRN 07/08 BO 11 -0.35 12.05 14.74 70K 100K 10.45
Tested the 50 day MVA on the low but rallied on strong volume to close above the 18 day MVA.
IVGN 07/01 Put 30.47 +1.05 28.65 23.55 1.6M 1.6M 32.55
Bounced up to close at the 18 day MVA.
JAS-B 07/13 A Wedge 67.62 +3.78 21.86 26.25 137K 68K 20.15
Sold back to test the 18 day MVA.
JDSU 07/11 BO 3.82 +0.27 3.97 5.15 28M 22M 3.69
Nice move, holding the 50 day MVA and moving up on the close. Good action.
KKD 07/05 Put 34.45 +0.93 33.75 29.5 1.9M 750K 34.50
Gapped higher, crashed, then rallied back. If still in, look at exiting on a test of 34.
KMI 06/19 Put 38.6 -0.11 40.75 37 1M 800K 43.25
Another doji below the 10 day MVA on rising volume. May have thoughts of rallying here.
KMI 05/25 Put 38.6 -0.11 44.75 40.25 1M 750K 41.62
LBIX 05/06 Flat 2.85 -0.05 1.95 3.5 77K 350K 1.58
Tested below the 18 day MVA on the low and then rallied to hold that level on low volume. Trying to hold.
LOW 07/06 Test 50 41 +0.82 0 0 8.4M 0 0
NCC 04/30 cup hdl 30.25 -0.3 31.42 37.25 1.5M 1.5M 29.75
NCOG 06/22 Put 18.53 -0.04 21.3 18.04 229K 350K 24
Still edging lower, but showed a doji today.
NOC 07/06 Test 50 107.25 -3.76 0 0 4.4M 1.7M 0
NWRE 06/26 cup hdl 11.91 -0.49 11.2 13.55 382K 214K 10.35
Tested the 10 day MVA on the low and recovered on rising volume. Still having trouble with 12.75.
ORCL 07/11 A Wedge 10.15 +0.47 9.55 12 63M 70M 8.88
Nice move over 10 on rising, above average volume.
PG 07/05 Put 82.3 -1.33 0 0 7M 4.5M 0
PHM 07/11 Put 48.76 -0.25 49.01 45.5 1.1M 750K 53.50
PTEK 07/02 Test BO 5.54 -0.04 5.76 7.99 447K 325K 5.24
PTSI 06/24 Flat 23.53 -0.8 26.65 31.98 18K 125K 24.20
QLGC 07/06 Test 18 42.81 +3.39 0 0 17M 16M 0
RCII 07/06 Cup 50.78 +2.06 0 0 758K 0 0
ROOM 07/05 Put 42.95 +0.04 44.35 38.85 372K 950K 46.25
Doji under the 10 day MVA once again. Low volume.
SNIC 05/30 A Wedge 7.74 -0.15 8.2 11 145K 250K 6.95
Below the 50 day MVA and could not rally back over it with the market. Ready to exit.
SNS 04/12 Test BO 14.05 -0.5 14.8 18 145K 110K 13.76
Exited.
SNS 04/10 Dbl btm 14.05 -0.5 14.65 18 145K 125K 13.76
SRCL 07/13 BO 33.27 -1.11 37.35 40 667K 558K 34.74
SRZ 07/15 Put 24.66 -0.47 24.54 21.05 301K 300K 26.55
SSRI 07/10 Test BO 6.5 -0.13 7.21 9.25 894K 1.1M 6.35
Not bad. Still in the pattern but testing the 18 day MVA on rising volume.
SYK 07/13 Put 47.2 -1.81 48.95 44.95 834K 750K 51
TEN 06/29 BO 7.6 0 6.71 9.35 268K 250K 6.24
Having continued trouble clearing 8.
USPI 07/01 Put 26.5 -0.54 27.19 22.55 313K 400K 25.29
WM 07/06 Cup 34.49 +1.64 0 0 6.2M 5.5M 0
WTW 05/23 Test BO 40.75 -0.74 43.7 50 512K 250K 40.64
Below the 50 day MVA today on rising volume.
Good Investing!
Jon L. Johnson and The Daily 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.
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us stock market
stock recommendation
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