|
|
stock recommendation, stock option
Begin part 3 of 3
THE PLAYS
Weekend play results:
MMSI: Started off the 50 day MVA on a good volume surge.
CYH: Nice doji on the 18 day MVA as volume jumped up to average. Looks ready.
ACO: Surged on volume with a very nice breakout move.
Good movers Monday: ACO; AIR; AIRN; ALTI; GTI; IDT; SFY; THER; ZMH; QCOM; TTI
New Plays for Tuesday:
Play Date: 12/29/2003
AMXC (AMX Corp.--$7.68; +0.59; no options): Semiconductors
http://biz.yahoo.com/p/a/amxc.html
STATUS: Ascending triangle. After breaking out from a 14 week cup base to start the month, AMXC has moved through a 4 week triangle making higher and higher lows on the 18 day MVA (7.06). Monday volume was back up toward average as it rallied off that level. Accumulation is solid at 5 to 1 (5 up weeks on rising volume to 1 down week on rising volume), money flow is out ahead of the price, and relative strenght is ready to breakout (another sign of a solid breakout move). Looks ready to clear resistance and make us a good move.
Volume: 71.827K Avg Volume: 89.272K
BUY POINT: $7.94 Volume=134K Target=$9.92 Stop=$7.22
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/amxc.html
Play Date: 12/29/2003
KEI (Keithley Instruments--$18.23; +0.21; optionable): Instruments for production testing, monitoring, etc.
http://biz.yahoo.com/p/k/kei.html
STATUS: Ascending triangle. Currently working through a 7 week base that formed on the heels of the early November breakout from a 15 week cup with handle. Really like these base on base patterns as they clear out the sellers and often precede big runs higher. Solid accumulation and money flow. Volume jumped well above average Monday as KEI moved toward the breakout. Just being patient and looking for another big volume move that puts it over the buy point.
Volume: 101.6K Avg Volume: 67.363K
BUY POINT: $18.62 Volume=150K Target=$22.35 Stop=$17.42
POSITION: KEI DW - Apr. $17.50c (66 delta) &/or Stock
http://www.investmenthouse.com/ci/kei.html
Play Date: 12/29/2003
MALL (PC Mall--$15.74; +1.14; no options): Rapid-response, direct marketer of PC's and related products
http://biz.yahoo.com/p/m/mall.html
STATUS: Test breakout. MALL is moving laterally in a 4 week flat breakout test, holding over the 18 day MVA (14.46) as it does. Showing positive 2 to 1 accumulation in the test to go along with money flow rising ahead of price and relative strength on the verge of a breakout. Has thrown off some volume spikes the past two weeks, indicating it is preparing for another breakout move. Want it to clear 16 on strong volume. PC retailers had a better season than most thought.
Volume: 103.862K Avg Volume: 113.5K
BUY POINT: $16.08 Volume=170K Target=$19.32 Stop=$14.72
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/mall.html
Play Date: 12/29/2003
TUTS (Tut Systems--$6.49; +0.07; no options): Telecom equipment
http://biz.yahoo.com/p/t/tuts.html
STATUS: Testing the breakout. Another stock that is moving in a short flat base after breaking out of a bigger pattern to start the month. TUTS worked laterally September to November, broke higher three weeks back, and has since moved sideways on lower volume over the 18 day MVA (6.18). Solid 3 to 0 accumulation on the move, and the light volume the past 3 weeks shows very few sellers as it consolidates for the next move. Excellent money flow and accumulation. Looks ready to continue the move.
Volume: 56.647K Avg Volume: 121.181K
BUY POINT: $6.78 Volume=175K Target=$8.48 Stop=$6.28
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/tuts.html
Continuing plays ready to move: AVX; CNTRA; CYBX; IONA; MMSI; ONNN; RWY
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 option
|
