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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers Monday: AMSWA; CCRD; EGOV; MTMD; NOOF; NVLS; PUMA; TSCO; WFII
Weekend play results:
AMKR: Starting a good move higher.
MTMD: Excellent breakout.
AAI: Still struggling at the 50 day MVA still.
JNPR: Started higher but volume backed off.
NOOF: Strong volume break higher.
New Plays for Tuesday:
Play Date: 11/03/2003
ALGN (Align Tech--$16.93; +1.52; optionable): Medical appliances
http://biz.yahoo.com/p/a/algn.html
STATUS: Breakout. ALGN broke out from a 15 week cup with handle base in October, tested the 50 day MVA (14.05) in a breakout test, then exploded higher Monday on another big volume run. Nice 5 to 3 accumulation (5 up price weeks on rising volume to 3 down price weeks on rising volume) in the base and strong relative strength set the foundation. ALGN then followed the money flow higher. Breaking to a new all-time high on strong trade. We like new highs as they have no overhead resistance to push the stock back. It will rally and pullback, rally and pullback, but it has much more upside potential.
Volume: 1.791M Avg Volume: 410.954K
BUY POINT: $17.05 Volume=616K Target=$20.45 Stop=$15.82
POSITION: CUA DW - Apr. $17.50c (57 delta) &/or Stock
http://www.investmenthouse.com/cd/algn.html
Play Date: 11/03/2003
AMT (American Tower--$12.00; +0.40; optionable): Telecom services
http://biz.yahoo.com/p/a/amt.html
STATUS: Cup w/handle. AMT is banging on the door of the breakout from its 8 week base showing strong 3 to 1 accumulation. Strong money flow, and relative strength is making the breakout as the stock moves toward the breakout. Very nice action, but just need to see more volume on the breakout.
Volume: 1.348M Avg Volume: 1.75M
BUY POINT: $12.12 Volume=2.6M Target=$14.55 Stop=$11.27
POSITION: AMT DV - Apr. $12.50c (58 delta) &/or Stock
http://www.investmenthouse.com/cd/amt.html
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SUBSCRIBER PORTFOLIO: These are stocks subscribers suggest by vote that we put in a portfolio to track and move into the stocks if they set up well.
AVID, DIS, GTRC, KKD, LPNT, OCR, TGT, UTSI
GTRC 10/28 A Wedge 32.59 +0.02 36.42 43.72 636K 550K 34.15
Current. Fractional move on much lower, but still below average volume. Waiting for a relief bounce for a probable exit.
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SUBSCRIBER WATCHLIST
We continually receive ideas for potential plays from our subscribers. Many times they are already on our watchlists, other times not. We always take a look at them and sometimes find a few pearls. This weekend we are starting a new feature where we include some subscriber choices that could develop into plays. We are not necessarily endorsing these, but want to provide a forum for subscribers with ideas that may appeal to their portfolio. Typically we will put these on without commentary, but if we see something we really like or dislike we will point it out. That way we can maybe come up with some new plays, find some plays that may fit your style, and have another great educational tool to discuss problems or good aspects about stocks our subscribers are looking at.
APT
Consumer Cyclical
Industry: Apparel/Accessories
Alpha Pro Tech, Ltd. develops, manufactures and markets disposable protective apparel and consumer products for the cleanroom, industrial, medical, dental and consumer markets
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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stock recommendation
stock investment information
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