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us stock market, stock recommendation
Begin Part 2 of 2
THE PLAYS:
Good moves: BSC; CCCG; ATRS; COH; LXK; VAR; QLGC
Upside:
QQQ (QQQ Options--$25.25; +0.7; optionable)
http://biz.yahoo.com/p/q/qqq.html
STATUS: Breakout. The QQQ was breaking out Friday and we expect it to continue to do so with the MSFT news and the good accumulation in tech stocks as the week ended. Looks ready to continue the move and we want to partake in it.
Volume: 86.703M Avg Volume: 90.358M
BUY POINT: $25.28 Volume=90M Target=$28 Stop=$23.85
POSITION: QAV AU - Jan. $22c (81 delta)
http://www.investmenthouse.com/ci/qqq.html
ARTI (Artisan Components--$13.84; +0.81; no options): Semiconductors
http://biz.yahoo.com/p/a/arti.html
STATUS: Cup w/handle breakout. ARTI formed a very short handle last week and then shot higher Friday on some continued solid volume. Showing a lot of life as the semiconductors improve with positive accumulation since March. Accumulation has really picked up in the latter part of the base and money flow is up ahead of the price.
Volume: 177.554K Avg Volume: 85.582K
BUY POINT: $14.05 Volume=150K Target=$16.94 Stop=$13.07
POSITION: Stock (no option chain)
http://www.investmenthouse.com/ci/arti.html
EXPE (Expedia--$69.15; +1.49; optionable): Online travel
http://biz.yahoo.com/p/e/expe.html
STATUS: Cup/double bottom w/handle. EXPE is almost forming a handle as it tests down toward 65 and moves a bit laterally on lower volume. The stock shot off the bottom of the base in early October and is more pausing here to catch its breath than anything else. It continues to show excellent earnings growth quarter over quarter. It is pausing here as there is a bit of resistance around 70; it needed this blow to get ready for the next move. Friday it was up off of another test of 65 ad volume moved back over average. It looks ready to continue the move, and EXPE can fly.
Volume: 2.412M Avg Volume: 2.185M
BUY POINT: $69.55 Volume=3.2M Target=$83 Stop=$64.68
POSITION: UED DN - April $70c (59 delta) and/or Stock
http://www.investmenthouse.com/ci/expe.html
IDCC (Interdigital Communications--$13.03; +0.03; optionable): Wireless communications
http://biz.yahoo.com/p/i/idcc.html
STATUS: Cup w/handle. Not near an all-time high, but IDCC has formed a very nice cup with handle base the past 5.5 months, stalling out the past week right at the pre-correction high at 13. Now if you look back a few more sessions you can argue there was a handle formed then with a test of the 18 day MVA on lower volume and then the breakout. With accumulation in the base at 8 accumulation weeks to 5 distribution weeks, we are not quibbling. This two-day pullback is taking a breather that can give us an opportunity enter the stock on a really good move. Wireless remains one of the hottest areas in tech and now the market overall as it is growing earnings.
Volume: 1.294M Avg Volume: 299.507K
BUY POINT: $13.54 Volume=700K Target=$16.25 Stop=$12.59
POSITION: DAQ CB - Mar. $10c (74 delta) and/or Stock
http://www.investmenthouse.com/ci/idcc.html
CONTINUING PLAYS:
Watchlist that still look good:
AMZN: Ready for this week.
BSX: Moving again.
JCI: Weak test of the 50 day MVA.
SNDK: Starting up.
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
$OEX 11/01 BO 458.16 +6.96 457.5 485 9.4M 0 449
Current. Making the breakout and ready for more. Still a buy.
ABFS 10/24 Test BO 30 +0.05 31.05 37 182K 475K 28.88
Current. Edged below the 18 day MVA on low volume. Needs to hold here and show us something.
AGAM 10/29 cup hdl 5.57 -0.06 6.25 8 11K 110K 5.81
Buy not hit, not doing it.
ALLY 10/21 BO 16.99 +0.23 18.12 21.75 738K 845K 16.85
Buy not hit. Looks very ready.
AMLN 10/19 Test BO 17.69 +0.31 17.85 20.45 365K 750K 16.15
Buy not issued.
AMLN 09/18 cup hdl 17.69 +0.31 13.55 20.25 365K 750K 16
Current. Holding above the 10 day MVA on very low volume.
AMZN 10/21 cup hdl 19.8 +0.44 20.32 24.38 5.6M 10M 18.9
Buy not hit. Expect this internet retailer to make the breakout this week.
APOL 10/12 BO 42.22 +0.72 44.24 50.88 2.1M 3.3M 42.05
Back at the 50 day MVA.
APOL 08/15 A Wedge 42.22 +0.72 40.65 48 2.1M 3.3M 42
ARTI 11/02 Cup 13.84 +0.81 14.05 16.94 178K 150K 13.07
New.
ATRS 10/23 Test BO 13.75 +0.82 12.79 15.75 420K 126K 11.35
Current. Super move again on some excellent volume.
AVID 10/30 cup hdl 14.05 -0.04 14.11 17 494K 177K 129.4
Buy not issued. Big doji without much gain. Did not like the action on the huge volume.
BBI 10/08 Test 50 23.58 -0.39 25.24 28.65 1.3M 600K 23.75
Exited.
BLUD 10/10 BO 22.28 -0.02 21.4 24.24 178K 650K 20.85
Current. Testing the 10 day MVA on very low volume and snapping back up. Good action.
BSX 10/19 Test BO 38.4 +0.77 37.75 45.75 2.6M 3.3M 35.85
Current. Nice volume move up off 10 day MVA.
BSX 09/12 cup hdl 38.4 +0.77 30.94 40 2.6M 3.3M 35.85
Current.
C 10/26 DB hdl 37.65 +0.7 36.06 42.55 19M 35M 33.54
Buy not issued. Just not attracting volume on the move. WE will see if the 200 day MVA where it closed pushes it back down to test 36 and then we can get an opening.
CCCG 10/29 Test BO 18.87 +1.22 18.35 22 209K 100K 17
Current. Super move on super volume.
CCCG 09/12 Cup 18.87 +1.22 13.45 20 209K 51K 17
Current.
CCE 10/15 cup hdl 24.46 +0.62 23.38 28 1.3M 1.6M 23.25
Current. Moving up well again on a good shot of volume.
CDWC 10/31 cup hdl 54.15 +1.13 53.81 62 2.2M 2.8M 50.04
Current. Continued higher Friday.
CENT 10/15 Test BO 19.9 -0.09 18.55 22.25 286K 192K 17.25
Current. Still holding above the 10 day MVA on this move but will need to test it soon.
COCO 09/18 Test 18 38.73 +0.83 38.11 42.75 1.2M 809K 37
Current. Right back up Friday. That is what we wanted.
COCO 08/01 Rv H&S 38.73 +0.83 29.95 42.75 1.2M 809K 37
Current.
COH 10/22 cup hdl 31.4 +1.65 30.25 36.35 1.2M 1.5M 29.85
Current. Super bounce up on volume. Textbook.
ECL 10/30 cup hdl 48.38 +0.13 49.11 56.55 590K 1M 46
Buy not hit. Still working on the handle.
EXPE 11/02 cup hdl 69.15 +1.49 69.55 83 2.4M 3.2M 64.68
New.
GSB 10/26 cup hdl 37.05 +0.36 36.12 41.35 731K 1.6M 34
Buy not issued. Moving higher on no volume. Don't like to get in on those.
GTK 10/31 cup hdl 26.24 +0.24 26.15 30 365K 900K 24.32
Buy not issued. Drifted higher Friday but no volume.
GYMB 09/18 cup hdl 18.75 +0.39 19.64 22.45 436K 586K 18.27
Current. Held on at the 18 day MVA.
HLYW 10/14 Test BO 18.88 -0.78 19.45 22 1.1M 1.2M 18.09
Current. Not great action, falling to the 18 day MVA on rising, above average volume. Won't let it break here.
HNR 10/17 Test BO 6.8 +0.12 6.38 7.75 166K 288K 6.15
Current. Modest move higher but no volume.
IDCC 11/02 cup hdl 13.03 +0.03 13.54 16.25 1.3M 700K 12.59
New.
IDXX 09/26 cup hdl 34.47 -0.03 32.11 36.75 354K 468K 33.22
Current. Good test of the 10 day MVA and the breakout.
ITRU 09/26 cup hdl 3.03 -0.02 3.35 4.75 272K 550K 2.99
Buy not hit. Looks ready in this pattern that has formed.
JCI 10/31 Put 79.6 +1.6 77.45 73.45 929K 800K 78.75
Buy not hit. Rallied to test the 50 day MVA but on lower volume. May be the 'kiss goodbye.'
KLAC 10/19 BO 37.39 +1.78 33.05 38 19M 1.9M 34.94
Current. Superb move, close to the target. We will let it run to 40 if it still has the momentum.
KSWS 10/23 cup hdl 25.84 +0.21 25.25 29.94 191K 187K 23.55
Current. Holding the 10 day MVA on the lows for now.
LBIX 10/14 cup hdl 3.25 +0.02 3.22 4.35 98K 145K 2.99
Current. Moving up off the test of the 18 day MVA, with volume jumping to average Friday.
LNCR 10/19 Cup 34.49 +0.42 35.32 40.55 1.3M 1.1M 33.65
Current. Holding the 18 day MVA on average volume.
LXK 10/29 cup hdl 61.16 +1.74 61 72 1.4M 2.2M 56.73
Current. Volume was up but not strong and that was okay for partial positions. Now need to see the volume.
MME 10/31 Put 38 +1.6 35.22 32.85 540K 839K 38
Buy not hit. Up to the 50 day MVA but volume was weak.
NBIX 10/08 Rv H&S 46.21 +1.31 44.85 51.75 698K 1.1M 42
Current. Still moving up on above average volume.
PETM 08/26 cup hdl 19.73 +0.62 17.04 22.85 1.1M 2.8M 18.85
Current. Up off a test of the 50 day MVA but did not attract much volume.
PFGC 10/12 Test 50 37.59 +0.4 36.55 39.5 335K 500K 36.35
Current. Moving up off the 10 day MVA but it too needs volume.
PNC 10/12 Put 41.45 +0.79 39.74 36.11 839K 1.7M 40.15
Buy not hit. Low volume test of the 50 day MVA. Waiting to see if it will roll over.
QLGC 08/17 CCall 37.15 +2.34 36.48 0 16M 12M 33.55
Current. Moved over some resistance at 35. Good move from the leader in the storage sector.
QQQ 11/02 BO 25.25 +0.7 25.28 28 87M 90M 23.85
New.
RARE 10/28 DB hdl 27.05 +0.37 28.22 33.85 222K 355K 26.24
Buy not hit. Holding the 18 day MVA on the low, looking for the rebound.
RGIS 10/26 cup hdl 29.72 +0.5 29.75 33 361K 525K 28.35
Current. Up off the 10 day MVA as RGIS refuses to sell back.
RGIS 10/03 cup hdl 29.72 +0.5 28.84 33 361K 525K 27.74
Current.
RINO 10/24 Test BO 15.53 +0.25 17.35 20.75 237K 225K 16.06
Current. Still holding over the 50 day MVA, testing it on the lows. Needs a break back over 16 on some volume and we think it will do it.
RINO 08/28 cup hdl 15.53 +0.25 13.8 20 237K 300K 16.06
Current.
SBUX 10/16 cup hdl 23.86 +0.02 24.21 29 5.5M 5.5M 22.35
Buy not hit.
SCSS 10/19 cup hdl 8.75 +0.1 7.75 9.55 675K 200K 7.96
Current. Up Friday on some stronger volume.
SCSS 09/21 cup hdl 8.75 +0.1 6.02 9 675K 200K 7.96
Current.
SFAM 11/02 BO 5.99 +0.24 6.09 9 166K 400K 5.42
New.
SHFL 11/02 Cup 23.45 +0.51 23.8 28.55 278K 375K 22.13
Current. Starting up again on rising volume.
SLAB 10/16 Test 50 23.2 +1.91 24.4 28 1.4M 1.3M 22.69
Current. Up sharply Friday.
SLE 10/26 Test BO 23.11 +0.28 23.11 27.55 1.9M 3.8M 22.05
Current. Starting higher with a bit more volume but not enough.
SNDK 10/30 cup hdl 20.98 +1.21 21.76 26.25 2.6M 3M 20.24
Buy not hit. Moving up on continued above average volume. Expecting it to run here.
STE 10/07 BO 27 +0.47 25.24 29.4 499K 711K 25.35
Current. Another nice move to a high.
STE 09/28 BO 27 +0.47 23.95 28.75 499K 711K 25.35
Current.
STN 10/05 cup hdl 18.32 +0.33 17.62 21.45 482K 600K 16.39
Current. Moving up again.
UNFI 10/15 BO 24.93 +0.63 24.05 28.85 170K 185K 23.05
Current. Up again Friday.
USNA 10/14 Flat 9.29 0 7.35 10 30K 65K 8.35
Current. Very nice test of the 10 day MVA on very low volume.
VAR 10/25 A Wedge 49.98 +1.76 47.5 54.55 537K 550K 47
Current. Beautiful, really exerting some strength now.
VAR 09/16 A Wedge 49.98 +1.76 43.96 50.55 537K 550K 47
Current.
VRTS 08/19 BO CCall +0.84 19.76 20 16M 8.5M 17.45
Current. Up over the 50 day MVA on some great volume Friday.
VZ 10/10 Test 50 38.59 +0.83 34.75 38.45 7M 10M 35.96
Current. Back up to test the 200 day MVA on the high (38.99). That is the point it has to blast through this week.
WEDC 10/19 BO 9.87 -0.07 9.45 12 135K 142K 9.15
Current. Tried to move up but sold it back on rising, above average volume. Should straighten it out this week.
WTW 10/23 BO 47.7 +0.35 49.45 57 142K 941K 45.99
Buy not hit. Watching it on low volume holding the 18 day MVA. Not sure about it.
XRAY 10/05 cup hdl 38.05 +1.13 42.28 48.75 495K 900K 39.85
Current. Back over the 200 day MVA and will see if some volume comes in for a test of the 50 day MVA near 40.
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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us stock market
stock recommendation
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