|
|
trade stock, stock ticker
Begin part 3 of 3
We apologize for the delay in part 3. We had a computer crash adn ahd to perform an emergency retrieval.
THE PLAYS
Good moves Tuesday: DRAX; MAMA; PLCE; RITA; TKO; CL
Monday night play results:
GGAL: Still moving laterally in its pattern as volume kicks up toward average.
APC: Holding the pattern, easing back on lower trade.
CL: Nice tank lower on volume.
New plays for Wednesday:
Upside:
Play Date: 03/23/2004
FORR (Forrester Research--$18.46; -0.11; no options): Research services for businesses.
http://biz.yahoo.com/p/f/forr.html
STATUS: Cup w/handle. A nice test of the 50 day MVA (18.29) as FORR looks to be completing the handle to its 15 week base. The base formed on top of the 200 day MVA (16.88), a good level for institutional support. Volume shot higher Tuesday as FORR showed a nice, tight hammer doji at the 50 day. Money flow is excellent, surging up ahead of price. Looks ready to make a strong move here.
Volume: 215.906K Avg Volume: 100.454K
BUY POINT: $19.35 Volume=185K Target=$23.25 Stop=$18
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/forr.html
Play Date: 03/23/2004
SWK (Stanley Works--$39.73; +1.70; optionable): Small tools
http://biz.yahoo.com/p/s/swk.html
STATUS: Flat base. Volume has been surging the past week as SWK readies for the breakout from its 8 week base that has formed over the 50 day MVA (37.96). That shows solid support for the stock. Accumulation in the short base is outstanding at 5 to 1, another indication of the support for the stock. Money flow is shooting higher and relative strength is breaking out ahead of the stock, a very bullish indication.
Volume: 1.392M Avg Volume: 432.454K
BUY POINT: $40.12 Volume=800K Target=$46 Stop=$38.22
POSITION: SWK GH - July $40c (52 delta) &/or Stock
http://www.investmenthouse.com/cd/swk.html
Downside:
Play Date: 03/23/2004
TEK (Tektronix--$29.74; -0.84; optionable): Scientific & Technical instruments
http://biz.yahoo.com/p/t/tek.html
STATUS: Put. TEK broke down through the 50 day MVA (30.71) two weeks back, rallied back to that level on low volume, then reversed at that level Friday on very strong trade. Tuesday is started back down on stronger trade. Looks like a weak right shoulder to a 12 week head and shoulders pattern.
Volume: 901.3K Avg Volume: 545.09K
BUY POINT: $29.62 Volume=771K Target=$28 Stop=$30.75
POSITION: TEK QF - May $30p (-52 delta)
http://www.investmenthouse.com/cd/tek.html
SUBSCRIBER PORTFOLIO: These are stocks subscribers suggest by vote that we put in a portfolio to track and move into the stocks if they perform well. If you have any suggestions for additions or deletions, email us. We don't cover them all each report, just when something interesting is developing.
AVID, COH, DIS, EBAY; GTRC, HD; KKD, LPNT, OCR, TGT, TJX; UTSI, XMSR
AVID: Struggling below the 50 day MVA as volume surges. May be ready to roll back down.
COH: Nice tight doji at the 50 day MVA may signal it is ready to move back up.
XMSR: Still a nice handle forming to the 11 week base.
SUBSCRIBER WATCHLIST
We continually receive ideas for potential plays from subscribers. Many times they are already on our watchlists, other times not. We always take a look and sometimes find a gem or two, or more. We don't necessarily endorse these, but want to provide a forum for subscribers with ideas that may appeal to other subscribers. We may just put on the ticker or we might describe our thoughts as to why or why not we think it is a buy or sell. This is a way we can all learn a bit more and maybe find a few more candidates to make us some good money.
Upside:
RSCR: Moving laterally over the 10 day MVA, holding its breakout and thus far refusing to give up its gains.
Downside:
TRPH: Has tanked to the 200 day MVA on strong trade Tuesday. This follows a steady move down the 10 day MVA the past two months. Would prefer to see a bounce back up before entering this one.
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.
|
trade stock
stock ticker
|
