|
|
stock recommendation, stock option
Begin part 3 of 3
THE PLAYS:
Tuesday night play results:
DWCH: Stalled the rebound on low volume. Still solid.
FINL: Tried to bounce but fell back. Still holding the 50 day MVA, showing another doji.
GILTF: Super break higher on super volume.
UTX: A doji at the 10 day MVA on low volume. Ready to fall.
New Plays:
Upside:
Play Date: 03/17/2004
CNMD (Conmed--$29.03; +0.63; optionable): Medical appliances
http://biz.yahoo.com/p/c/cnmd.html
STATUS: Flying plateau. CNMD broke out from a 3 month base in November and rallied straight up to 30. It needed a breather and started on the next base, the current 6 week pattern that has formed over the 18 day MVA (28.54). Volume backed off this month as the range narrowed, just what you want to see. Volume spiked Friday and again Wednesday. Solid 3 to 0 accumulation in the pattern (3 up price weeks on rising volume to 0 down price weeks on rising volume). The stock was on the move Wednesday but gave back some of the gain. Very solid with relative strength already breaking out ahead of price; a very bullish sign. Strong money flow as well. Looking for it to make the breakout and follow the money flow.
Volume: 276.728K Avg Volume: 153.59K
BUY POINT: $29.62 Volume=230K Target=$35 Stop=$27.55
POSITION: KQD HF - Aug. $30c (45 delta) &/or Stock
http://www.investmenthouse.com/ci/cnmd.html
Play Date: 03/17/2004
CYTC (Cytyc--$19.98; +0.20; optionable): Medical instruments
http://biz.yahoo.com/p/c/cytc.html
STATUS: Breakout test. CYTC exploded higher to start the month, breaking out from a 21 week cup with handle base on a strong volume surge. It ran to 22 and has now come back to test the breakout, holding over the 18 day MVA (19.44). Volume jumped Wednesday as CYTC tapped at the 18 day on the low and rebounded for a modest gain. That doji it showed above support often indicates a pullback is over, particularly when volume rushes back in.
Volume: 5.41M Avg Volume: 1.49M
BUY POINT: $20.48 Volume=2.2M Target=$24.65 Stop=$19.34
POSITION: YQK HD - Aug. $20c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/cytc.html
Play Date: 03/17/2004
TKO (Telkonet--$4.55; +0.47; no options): Information technology software
http://biz.yahoo.com/p/t/tko.html
STATUS: Breakout test. TKO is another stock with a big breakout to start the month and that tested the breakout during the recent selling. Volume faded all the way down as the stock sold back to the 18 day MVA (4.12). It tapped that level this week and then spiked above average Wednesday as TKO jumped back up. Excellent money flow is leading the way, and we are ready to move in as it continues the breakout move on strong trade.
Volume: 598K Avg Volume: 366.636K
BUY POINT: $4.66 Volume=500K Target=$5.62 Stop=$4.29
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/tko.html
Play Date: 03/17/2004
WMI (Waste Management--$29.84; +0.64; optionable): Waste management
http://biz.yahoo.com/p/w/wmi.html
STATUS: Ascending triangle. Working through an 11 week pattern that is now using the 50 day MVA (28.87) as support on the tests lower. In this pattern the stock makes higher and higher lows below a constant top (in this case 30). Accumulation in the pattern is a solid 3 to 1. Wednesday it jumped higher toward the breakout, but volume was not there and it faded from the breakout. Very solid pattern. Just needs volume on the move through the buy point.
Volume: 1.848M Avg Volume: 1.877M
BUY POINT: $30.25 Volume=2.8M Target=$36.32 Stop=$28.13
POSITION: WMI GF - July $30c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/wmi.html
Good movers Wednesday: AOT; GILTF; MAMA; NUS; OMNI; PD; RATE; TOM; VRNT; WEBX; WOOF
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
|
