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trade stock, stock recommendation
Begin part 3 of 3
PLAYS:
New plays:
Downside:
Play Date: 12/10/2003
LNCR (Lincare Holdings--$31.21; -0.56; optionable): Specialized healthcare
http://biz.yahoo.com/p/l/lncr.html
STATUS: Put. A strong uptrend June to November, but LNCR climaxed in November and collapsed. It fell through the 200 day MVA (33.67) on massive volume, then rebounded the past three weeks toward that level on much tamer trade. It never made the 200 day again, stalling out this week at the 10 day MVA (32). Money flow is poor and the stock is under distribution still. Rolling over at this resistance is a good place to enter downside positions.
Volume: 1.565M Avg Volume: 1.927M
BUY POINT: $31.04 Volume=2.5M Target=$28.04 Stop=$32.12
POSITION: LQN NZ - Feb. $32.50p (-57 delta)
http://www.investmenthouse.com/ci/lncr.html
Play Date: 12/10/2003
SLVN (Sylvan Learning--$28.56; -0.44; optionable): Educatoin and training
http://biz.yahoo.com/p/s/slvn.html
STATUS: Put. A maligned sector this month, SLVN was in the process of a breakout move to end October when it reversed and solid through the 50 day MVA (29.51) on the heaviest trade in 5 months. It has rebounded this week on lower and lower volume, reaching up to tap the 50 day on the Tuesday high. Money flow is still plunging. Looking to pick up some put positions on a resumed move lower from here.
Volume: 360.811K Avg Volume: 322.727K
BUY POINT: $28.24 Volume=484K Target=$25.18 Stop=$29.62
POSITION: NQV NF - Feb. $30p (-58 delta)
http://www.investmenthouse.com/ci/slvn.html
Upside:
Play Date: 12/10/2003
CTRA (Centra Software--$3.98; -0.04; no options): Business software
http://biz.yahoo.com/p/c/ctra.html
STATUS: Cup w/handle. Taking another look at CTRA after it fell last week but then rebounced off the 50 day MVA (3.54) Tuesday on strong trade. It is in a 14 week base showing solid 3 to 1 accumulation (3 up weeks on rising volume to 1 down week on rising volume). The test of the 50 day MVA formed a handle, a shakeout of the last sellers. Money flow has started to race back up even as the stock made this recent 50 day MVA test. Looking for more volume on the break higher.
Volume: 418.026K Avg Volume: 150.454K
BUY POINT: $4.25 Volume=500K Target=$5.44 Stop=$3.95
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/ctra.html
Play Date: 12/10/2003
OMCL (Omnicell--$16.15; +0.27; no options): Healthcare medication and supply dispensing systems
http://biz.yahoo.com/p/o/omcl.html
STATUS: Cup w/handle. OMCL is currently trying to form a handle to a 10 week base showing strong 3 to 0 accumulation. Solid relative strength and money flow surging ahead of price even as it moves laterally. Volume surged Wednesday as the stock held basically steady. This surge in volume looks like a 'get ready' spike for a breakout move.
Volume: 460.906K Avg Volume: 184.909K
BUY POINT: $16.62 Volume=300K Target=$19.95 Stop=$15.46
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/omcl.html
Continuing plays ready to move: CDIC; FLDR; NTST
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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trade stock
stock recommendation
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