|
|
stock recommendation, stock prices
Begin Part 2 of 2
THE PLAYS:
Good moves: IDXX; USNA; VAR
Upside:
C (Citigroup--$35.7; +1.03; optionable): Major bank, credit services, insurance
http://biz.yahoo.com/p/c/c.html
STATUS: Double bottom w/handle. Some large financials are trying to recover, and C is one of the better patterns. It jumped over its March down trendline 9 sessions back and has moved in a very flat lateral consolidation on lower and lower volume as it holds at 35 and the 10 day MVA rises up to meet it (34.15). Accumulation in the base from March is solid at 4 up weeks on rising volume to 2 down weeks on rising volume. This lateral move is holding right at the 'hump' in the pattern at the 35 level, and that is where you would expect to find resistance in a double bottom. Now we wait for the stronger volume breakout and see if financials are in fact improving.
Volume: 14.688M Avg Volume: 24.258M
BUY POINT: $36.06 Volume=35M Target=$42.55 Stop=$33.54
POSITION: C CZ - Mar. 32.50c (71 delta) and/or Stock
http://www.investmenthouse.com/ci/c.html
GSB (Golden State Bancorp--$36; +0.70; optionable): Savings & loan
http://biz.yahoo.com/p/g/gsb.html
STATUS: Double bottom w/handle. Moving in a 5-month base, GSB is part of the financial sector that is starting to show signs of life. The predominant pattern in the group is the double bottom as the financials have been yanked around with the selling. Now GSB has moved back up to the middle hump in the double bottom and is moving laterally, forming a lower volume handle over the past 7 sessions. The action mimics the larger indexes but the GSB price/volume action during that time has been good. Overall accumulation in the base is solid at 6 up weeks on rising volume to 4 down weeks on rising volume. Money flow is leading higher even as the price moves laterally, and Friday saw a very good volume surge as GSB moved up to the top of its handle/consolidation range. Looks ready.
Volume: 1.732M Avg Volume: 1.056M
BUY POINT: $36.12 Volume=1.6M Target=$41.35 Stop=$34
POSITION: GSB AF - Jan. $30c (72 delta, low OI) and/or Stock
http://www.investmenthouse.com/ci/gsb.html
SLE (Sara Lee--$22.8; +0.10; optionable): Nobody doesn't like Sara Lee (except in July)
http://biz.yahoo.com/p/s/sle.html
STATUS: Testing breakout. SLE exploded off the September low, rallying 6 points (33%) on better and better news. It peaked at 23.73 five sessions back and has moved back to test the 10 day MVA (22.48) on lower, average volume. Friday volume rose up just over average on the test of the 10 day and turn up. Testing the breakout is a very good place to enter positions as it gets some of the fluff out of a big gain. The rising volume Friday on the stat of a move back up is a good sign that buyers will use this pullback as a new buy point. Accumulation is positive at 6 accumulation weeks to 5 distribution weeks in the base.
Volume: 2.787M Avg Volume: 2.515M
BUY POINT: $23.11 Volume=3.8M Target=$27.55 Stop=$21.65
POSITION: SLE DD - April $20c (83 delta) and/or Stock
http://www.investmenthouse.com/ct/sle.html
TRB (Tribune Company--$48.75; +1.5; optionable): Newspapers
http://biz.yahoo.com/p/t/trb.html
STATUS: Testing the breakout. Newspapers have been improving over the past month as the perception that ad sales are recovering. TRB formed a 7-month cup base and blasted out of the pattern two weeks ago without really forming a handle. We kept watching for a handle to form but it waited until the stock cleared the former high. It is now moving laterally, testing the 10 day MVA (46.85) the past two sessions. Friday it was up sharply off the 10 day on rising volume. With outstanding accumulation at 7 up weeks on rising volume to 3 down weeks on rising volume, the stock looks super as it comes up off of this test/handle. It is right at the breakout point and we are ready to move in.
Volume: 1.219M Avg Volume: 1.005M
BUY POINT: $49.06 Volume=1.5M Target=$56.35 Stop=$45.63
POSITION: TRB BI - Feb. $45c (71 delta, low OI) and/or Stock
http://www.investmenthouse.com/ci/trb.html
CONTINUING PLAYS:
Watchlist that still look good:
AGAM
ALLY
CCCG
HLYW
NBIX
QCOM
SCSS
SHFL
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ABFS 10/24 Test BO 30.87 +0.39 31.05 37 155K 475K 28.88
Buy not hit. Good test.
AGAM 10/03 Test 50 5.98 +0.09 5.71 7 12K 100K 5.31
Buy not issued. Looks really good.
ALLY 10/21 BO 17.7 +0.44 18.12 21.75 612K 845K 16.85
Buy not hit. The test of the breakout is going just fine.
AMGN 10/22 Test BO 49.79 +1.11 50.45 55.55 13M 17M 46.92
Buy not issued. Recovered over the 200 day MVA. Needs to show strong volume if it moves through the buy point.
AMLN 10/19 Test BO 17.68 +0.92 17.85 20.45 2.1M 750K 16.15
Buy not issued. Big recovery off of the 50 day MVA, and now near the high again.
AMLN 09/18 cup hdl 17.68 +0.92 13.55 20.25 2.1M 750K 16
Current.
APOL 10/12 BO 43.09 +2.15 44.24 50.88 2.9M 3.3M 42.05
Current. Nice recovery over the 50 day MVA on rising, above average volume. Needed that move.
APOL 08/15 A Wedge 43.09 +2.15 40.65 48 2.9M 3.3M 42
Current.
BBI 10/08 Test 50 22.8 -0.5 25.24 28.65 1.6M 600K 23.75
Current. Sold down to support at 22 and rebounded some. May try to bounce to 24; if cannot break back over exit.
BLUD 10/10 BO 21.65 -0.57 21.4 24.24 222K 650K 18.75
Current. Testing back on very low volume. Look for at hold at 21 and then a buy on a move up from there.
BSX 10/19 Test BO 38.1 -0.65 37.75 45.75 3M 3.3M 35.85
Current. Modest pullback Friday.
BSX 09/12 cup hdl 38.1 -0.65 30.94 40 3M 3.3M 35.85
Current.
C 10/26 DB hdl 35.7 +1.03 36.06 42.55 15M 35M 33.54
New.
CCCG 09/12 Cup 18.05 -0.01 13.45 20 208K 51K 16.35
Current. Still moving along the high at 18 with some massive volume spikes.
CCE 10/15 cup hdl 24.18 +0.65 23.38 28 1.2M 1.6M 22.75
Current. Solid move Friday on rising volume.
CENT 10/15 Test BO 19.22 -0.01 18.55 22.25 136K 192K 17.25
Holding over 19 and the 10 day MVA. May need another few days and then make another move.
COCO 09/18 Test 18 37.05 +0.36 38.11 42.75 512K 809K 35.44
Current. Trying to hold over the 50 day MVA after a good recovery to regain that territory.
COCO 08/01 Rv H&S 37.05 +0.36 29.95 36 512K 809K 35.75
Current.
COH 10/22 cup hdl 31.87 -0.02 30.25 36.35 965K 1.5M 29.85
Current. Taking a breather the past two sessions.
CRL 10/14 A Wedge 40 +0.74 40.22 46.45 339K 700K 37.55
Buy not issued. Still looks ready.
CVX 10/22 Put 73.23 -0.12 71.45 68 2.6M 3.2M 74
Current. Tried the 50 day MVA again (73.70) but volume was lower and it could not break over that level. Still looking for a move lower as oil prices peak out.
ETR 09/24 Put 43.16 -0.29 37.88 34 812K 1.3M 41.35
Exited.
GSB 10/26 cup hdl 36 +0.7 36.12 41.35 1.7M 1.6M 34
New.
GYMB 09/18 cup hdl 19.8 +0.94 19.64 22.45 923K 586K 18.27
Current. Blasted off Friday on solid volume and we saw it and issued the alert to open the play.
HCA 10/07 cup hdl 50.98 +0.56 49.52 56.94 2M 3.2M 48.49
Current. Nice recovery after gapping open below the 18 day MVA. Rallied for a gain on the session.
HLYW 10/14 Test BO 19.96 +0.65 19.45 22 760K 1.2M 18.09
Current. Looks ready for a new buy.
HNR 10/17 Test BO 7 0 6.38 7.75 287K 288K 5.78
Current. Took the day off after the big breakout.
IDXX 09/26 cup hdl 34.78 +2.23 32.11 36.75 547K 468K 31.55
Current. Another excellent move.
INGR 10/03 cup hdl 19.45 +0.09 19 22.25 255K 525K 18.25
Current. Looks ready to breakout over the May high.
ITRU 09/26 cup hdl 3.02 0 3.35 4.75 134K 550K 2.99
Buy not hit. Still moving laterally above the 50 day MVA on low volume.
KLAC 10/19 BO 33.62 +1.86 33.05 38 17M 1.9M 30.74
Current. Back up and over the 50 day MVA on average volume. 35 is some resistance.
KSWS 10/23 cup hdl 26.35 +1.1 24.11 28.94 402K 187K 24.94
Another move higher on volume.
LBIX 10/14 cup hdl 3.1 -0.09 3.22 4.35 120K 145K 2.99
Current. Held the 18 day MVA on the close as volume backed off. Must hold here.
LNCR 10/19 Cup 34.98 +0.53 35.32 40.55 1.1M 1.1M 33.65
Current. Got some more volume as it tried to make the breakout.
MME 10/01 cup hdl 40.85 -1.12 37.95 43.65 889K 650K 39.55
Current. Struggling again w/a higher volume test of the 18 day MVA.
NBIX 10/08 Rv H&S 41.72 +1.3 42.35 50.75 625K 1.1M 39.39
Buy not issued. This could be the time with the higher volume bounce off the 50 day MVA.
PETM 08/26 cup hdl 19.99 +0.14 17.04 22.85 1.4M 2.8M 18.85
Current. Test of the 18 day MVA on the low and good recovery to close over the 10 day MVA and right at 20.
PFGC 10/12 Test 50 36.77 +0.52 36.55 39.5 401K 500K 35.65
Current. Very nice handle forming to the 6-month base.
PNC 10/12 Put 40.3 +0.28 39.74 36.11 940K 1.7M 40.15
Buy not hit. Could be ready to continue the downtrend.
QCOM 10/24 Test BO 36.52 +1.13 35.65 40 14M 18M 34.05
Current. Very nice action and looks ready to break the recent high.
QCOM 10/10 BO 36.52 +1.13 31.1 38 14M 20M 34.05
Current.
QLGC 08/17 CCall 33.15 +1.85 36.48 0 14M 12M 33.55
Current. Continuing the move over the 50 day MVA.
RGIS 10/26 cup hdl 29.36 -0.02 29.75 33 268K 525K 28.35
New buy point.
RINO 10/24 Test BO 17.48 +0.33 17.35 20.75 366K 225K 16.06
Current. Started higher Friday on strong volume but could not hold all the move. Still solid.
RINO 08/28 cup hdl 17.48 +0.33 13.8 20 366K 300K 16.06
Current.
SBUX 10/16 cup hdl 23.93 +1.48 24.21 29 5M 5.5M 22.35
Revisited.
SCSS 10/19 cup hdl 7.92 +0.45 7.75 9.55 889K 200K 7.21
Current. Nice move up off the 18 day MVA on super volume.
SCSS 09/21 cup hdl 7.92 +0.45 6.02 9 889K 200K 6.75
Current.
SHFL 10/12 A Wedge 22.65 -0.2 20.38 24 264K 375K 21
Current. Very nice handle forming here on low volume.
SLAB 10/16 Test 50 21.35 +1.16 24.4 28 1M 1.3M 22.69
Current. Up to the 50 day MVA on the high but not any volume. Needs to get over 22 early in the week.
SLE 10/26 Test BO 22.8 +0.1 23.11 27.55 2.8M 3.8M 21.65
New.
STE 10/07 BO 25.74 +0.64 25.24 29.4 397K 711K 24.15
Current. UP off the 18 day MVA Friday.
STE 09/28 BO 25.74 +0.64 23.95 28.75 397K 711K 24.15
Current.
TTWO 08/24 cup hdl 26.77 -0.14 26.61 31.94 2.7M 1.5M 27.25
Current. Holding the 50 day MVA with a doji on rising volume. Could be good but needs to make the break higher early this week.
TTWO 08/17 cup hdl 26.77 -0.14 24.75 29.85 2.7M 1.5M 27.25
Current.
UNFI 10/15 BO 23.58 +0.27 24.05 28.85 82K 185K 22.37
Buy not hit. Moving along the 10 day MVA on very low volume. Building pressure between 23 and 24.
USNA 10/14 Flat 9.3 +0.44 7.35 10 67K 65K 7.95
Current. Solid move back up Friday on rising, above average volume.
VAR 10/25 A Wedge 47.98 +2.23 47.5 54.55 960K 550K 45.25
Current. Blasted off Friday on a new breakout on strong volume and issued a new buy alert.
VAR 08/10 Dbl btm 47.98 +2.23 42.75 50.55 960K 550K 45
Current.
VARI 10/24 Put 28.98 0 28.85 26 390K 500K 31.15
Buy not issued. Weak test of the breakdown.
VRTS 08/19 CCall 16.57 +1.1 19.76 20 11M 8.5M 17.45
Current. Up over the 50 day MVA on continued decent volume.
VZ 10/10 Test 50 36.57 -0.32 34.75 38.45 10M 10M 34.15
Current. On the close VZ continues to hold above 36, the high on the prior consolidation. Survived the downgrade for now; want to see it start the move up again.
WEDC 10/19 BO 10.13 +0.46 9.45 12 126K 142K 9.15
Current. Super move.
WTW 10/23 BO 49 -0.61 49.45 57 225K 941K 45.99
Buy not issued. Lower volume pullback.
XRAY 10/05 cup hdl 38.93 +0.25 42.28 48.75 243K 900K 39.85
Current. Showed a doji on low volume above some support at 38. Will see if can get a strong bounce. Will need to clear 40 on the move or else that will be the selling point as the move will most likely fail if it does not.
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.
|
stock recommendation
stock prices
|
