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stock watch, stock recommendation
Begin Part 2 of 2
THE PLAYS:
Thursday plays:
LBIX: Jumped up on volume but gave most of it back. Handle could be forming.
SWFT: Started the roll up.
WB: Rallied up over the 10 day MVA, but on very light volume. Getting ready to stall.
Best Plays:
1) COO: Very nice pattern.
2) AMGP: Moving well.
3) Continuing: WB is setting up nicely. CUB looks ready to fall again. CARS is jumping but it needs volume.
NEW PLAYS:
Upside:
COO (Cooper Companies--$53.8; +1.85; optionable): Medical instruments
http://biz.yahoo.com/p/c/coo.html
STATUS: Cup w/handle. Moving in a 5-month base with excellent accumulation at 6 up weeks on rising volume to 2 down weeks on rising volume. It formed a 2-week handle that was just about perfect and started a breakout move Thursday on rising, above average volume. Relative strength is breaking out and money flow is jumping as well (already high). New all-time high over 55. A strong performer with solid fundamentals.
Volume: 383.5K Avg Volume: 251.636K
BUY POINT: $54 Volume=375K Target=$61 Stop=$50.22
POSITION: COO BJ - Feb. $50c (70 delta) and/or Stock
http://www.investmenthouse.com/cd/coo.html
Revisited:
AMGP (Amerigroup--$31.49; +1.24; optionable): Health care plans
http://biz.yahoo.com/p/a/amgp.html
STATUS: Breaking out of a reverse head and shoulders within a larger 5.5 month base. Thursday AMGP was making the move on rising, above average volume, clearing interim resistance. Very good 6 to 3 accumulation in the base. Relative strength is breaking out on the move.
Volume: 354.525K Avg Volume: 248.545K
BUY POINT: New positions: 31.65 on continued strong volume (orig. $30.32). Volume=350K Target=$34.94 Stop=$28.65
POSITION: UYQ JE - Dec. $25c (80 delta, low OI) and/or Stock
http://www.investmenthouse.com/cd/amgp.html
Downside:
GE (General Electric--$26.39; -0.61; optionable): light bulbs and just about everything
http://biz.yahoo.com/p/g/ge.html
STATUS: Put. In a downtrend and rallied up to the 18 day MVA (27.72) and higher, then reversed on very heavy volume. Back below the 10 day MVA and looks ready to resume the downtrend. Has made us downside money in the past and we are looking at it again.
Volume: 56.602M Avg Volume: 29.646M
BUY POINT: $26.25 Volume=35M Target=$24 Stop=$27.85
POSITION: GE WF - Nov. $30p (-79 delta)
http://www.investmenthouse.com/cd/ge.html
MEMBER PORTFOLIO: CUB, EBAY, HOTT; LOW, NOC, PG, QLGC, RCII, SRCL, WM
These are the stocks that our subscribers vote to put in a 'portfolio' to track their progress and comment upon when they reach buy points, sell points, or levels to write some covered calls on. They are not covered every report, but when something interesting is developing we take note.
CUB 09/18 Put 19.25 +0.94 18.98 16 45K 85K 21
Current. Testing the 18 day MVA on very low volume. Ready to roll back down.
CONTINUING/WATCHLIST: These are stocks that are current plays (the buy point hit), waiting for the buy point to be hit (buy not hit), or buy not made for various reasons (buy alert not issued). The date references the date the play first appeared on the report. Pivot is the buy point.
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
$OEX 09/21 BO 428.51 +6.83 424.45 438 12M 0 419
Current. Rallied up to close right at the 10 day MVA, unable to overtake it. May have to take the money off the table Friday early if it cannot make the move over toward the 18 day MVA (435.86).
ADLR 09/21 cup hdl 13.91 -0.09 14.74 17.74 230K 161K 13.65
Buy not hit. Still in the handle, but volume has risen the past 2 sessions.
AEM 09/19 cup hdl 15.65 -0.44 17.05 20.55 1.4M 1.2M 15.75
Buy not hit. Gold suffering.
ALLY 09/07 cup hdl 15.9 +0.04 15.86 18.25 341K 675K 14.55
Current. Stalled a bit at former high at 16 on very low volume.
AMGP 08/28 cup hdl 31.49 +1.24 30.32 34.94 355K 350K 28.65
Current. Looks ready to go again.
CARS 08/30 cup hdl 25.12 +0.9 25.18 28.95 138K 400K 23.42
Buy not issued. Strong price move but on low volume. Needs that volume.
CCCG 09/12 Cup 13.17 -0.48 13.45 16.15 58K 51K 12.41
Current. After Wednesday move CCCG turned right back down but on lower volume. Needs to hold 13.
CNMD 09/23 Put 20.42 +0.56 18.49 16 128K 220K 19.25
Buy not hit. Rallied over the 50 day MVA. May have to let it go.
COH 08/22 cup hdl 28.09 +0.43 27.55 33 644K 1.4M 28
COH 08/13 BO 28.09 +0.43 25.55 30 644K 1.4M 28
Current. Moving up off the 50 day MVA on below average volume.
COO 09/26 cup hdl 53.8 +1.85 54 61 384K 375K 50.22
New.
CUB 09/18 Put 19.25 +0.94 18.98 16 45K 85K 21
Current. Looks ready to roll right back down as it tests higher on low volume.
CVTX 09/24 Put 21.17 -0.37 19.65 16 343K 750K 21.25
Buy not issued. Hit the 50 day MVA and rolled over on low volume.
GE 09/26 Put 26.39 -0.61 26.25 24 57M 35M 27.85
New.
GLG 09/18 cup hdl 9.36 -0.62 10.59 12.75 1.2M 1.3M 9.45
Buy not hit. Gold not doing well.
HOTT 07/06 Test 50 20 +0.25 0 0 436K 1M 0
JP 08/30 Put 41.25 +1.48 41.72 38.55 456K 700K 41.35
Current. Jumped up over the 18 day MVA on lower, below average volume. Still in the downtrend up to 42; will watch it tomorrow to see where it peaks versus our stop point.
KKD 09/21 Put 32.08 +1.39 32.4 29.65 742K 875K 33.75
Current. Jumped up to the 10 day MVA on lower volume.
LBIX 09/25 Cup 2.9 0 2.95 4 279K 150K 2.45
Current. Jumped up on strong volume but closed off the high. May form a handle now.
LOW 07/06 Test 50 43.65 +2.02 0 0 6.2M 0 0
NCC 09/17 Put 29.18 +0.88 28.96 25.95 1.2M 14M 29.75
Current. Leaped up to the 18 day MVA as volume backs off further. This is another lower volume move up.
NOC 07/06 Test 50 126.76 +1.35 0 0 1.2M 1.7M 0
OVER 09/24 BO 21.68 -0.12 21.11 24.25 1.7M 2M 19.63
Current. Doji at the 50 day MVA.
PETM 08/26 cup hdl 18.56 -0.08 17.04 20.45 1.1M 2.8M 17.25
Current. Still unable to get over 19 on some very low volume.
PG 09/21 Test 18 90.75 +1.65 91.55 103 4.1M 5.5M 89.45
QLGC 08/17 CCall 26.58 -3.25 36.48 0 31M 12M 33.55
Current. Hammered on high volume back to the low. Now we watch it close near 25.
RCII 08/24 Test 18 52.01 +1.83 58.02 66.45 481K 701K 53.96
RFMD 09/05 Roller 6.27 +0.04 6.08 9 11M 9.5M 5.65
Current. Moved up and then gave most of it back.
SCSS 09/21 cup hdl 6.15 +0.14 6.02 7.25 271K 200K 5.61
Current. Stalling out on low volume at 6.
SWFT 09/25 Roller 17.9 +0.65 17.4 19 461K 600K 16.18
Solid move starting the roll up.
SY 09/19 Put 12.24 +0.15 12.75 10 490K 680K 13.55
Buy not issued. Moved up on some rising though still low volume, getting squeezed below the 10 day MVA.
TT 09/19 cup hdl 13.5 -0.02 13.71 16.55 9.7K 50K 12.71
Buy not hit. Moving laterally on low volume.
UPC 09/17 Put 28.44 +0.82 28.32 26 632K 615K 28.95
Current. Second strong move up in a row, but volume trailed way off Thursday as UPC approached the 18 day MVA.
VMI 09/10 BO 23.85 -0.03 24.23 26.85 24K 120K 22.53
VMI 08/30 BO 23.85 -0.03 22.38 26.85 24K 120K 23
Current. Bounce may be stalling at 24, but in decent shape.
VRTS 08/19 CCall 15.11 -0.98 19.76 20 20M 8.5M 17.45
Current. Stalled at the 18 day MVA on the high.
VWKS 08/30 cup hdl 7.95 +0.1 8.45 10.25 318K 890K 7.86
Buy not hit. Still waiting.
WB 09/25 Put 33.82 +1.05 33.25 30 2.9M 4M 34.55
Buy not hit. Moving up to test the 18 day MVA on lower and lower volume as expected. Getting ready.
WEN 09/21 Put 34.69 +1.93 32.75 30 1.5M 1.6M 33.33
Current. Jumped up to the 200 day MVA on rising volume. Looking for a pullback after the strong move toward 33-34. Solid price and MVA resistance at 35. Need to get the drop back.
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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