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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers Tuesday: ALTI; AMSC; CHU; TQNT; BCR; EONC; OTEX; PHTN; ARXX; CDCY; CTE; ILXO; MERQ; MKTY; MVSN; NOVL; NUFO; PEGA
Plays from the weekend report:
BRNC: Gapped higher but was very volatile. Waiting for the next strong move.
CTE: Excellent blast higher on very strong trade.
FMTI: Gapped higher but could not hold the move.
IRM: Still in the nice pullback on low volume.
MKTY: A solid bounce higher after the test back.
New Plays:
Play Date: 01/20/2004
CANI (Carreker--$15; +1.25; optionable): Business software
http://biz.yahoo.com/p/c/cani.html
STATUS: Flat base. CANI is starting to make the break higher from its 7 week base, moving up off the 18 day MVA (13.89) on rising though still below average volume. Very solid 3 to 1 accumulation (3 up price weeks on rising volume to 1 down price week on rising volume) in the base, indicating that the stock was accumulated as it moved laterally to consolidate a nice run from 6 to 16. These tight lateral patterns after a move higher are the stepping stone to the next rally. All CANI needs is more volume on this move to be ready to make the next break higher.
Volume: 335.343K Avg Volume: 318.045K
BUY POINT: $15.32 Volume=477K Target=$18.38 Stop=$14.18
POSITION: CDU EC - May $15c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/cani.html
Play Date: 01/20/2004
INFA (Informatica--$12.20; +0.52; optionable): Business software
http://biz.yahoo.com/p/i/infa.html
STATUS: Reverse head and shoulders. INFA is making the break from a 10 week base sporting excellent 4 to 1 accumulation. Volume has surged the past three sessions as INFA came of of the right shoulder that used the 18 day MVA (11.24) as support. Solid accumulation and money flow is shooting higher. Ready to make the next break higher.
Volume: 1.713M Avg Volume: 804.045K
BUY POINT: $12.32 Volume=1.2M Target=$15 Stop=$11.46
POSITION: UYF FV - June $12.50c (49 delta) &/or Stock
http://www.investmenthouse.com/ci/infa.html
Play Date: 01/20/2004
UTEK (Ultratech--$34.5; +1.51; optionable): Chip equipment
http://biz.yahoo.com/p/u/utek.html
STATUS: Reverse head and shoulders. UTEK is starting the breakout move from its 11 week base as volume surged higher Tuesday. It is on the cusp of the breakout from its base showing strong 4 to 1 accumulation and surging money flow. A nice accumulation base that a nice 6 month move through the end of October. Looks ready to make the move, but we will have to see how stocks react to the earnings issued after hours Tuesday.
Volume: 800.7K Avg Volume: 362.9K
BUY POINT: $34.88 Volume=544K Target=$41.85 Stop=$32.44
POSITION: UQT EG - May $35c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/utek.html
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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stock recommendation
stock investment information
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