|
|
stock ticker, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers Monday: CHT; FINL; FMDAY; IMX; IVIL; KFY; ONCY; SGMS; STHLY; TINY; UBET; FITB
Weekend play results:
APCS: Excellent volume break higher.
STHLY: Super volume break higher.
WBSN: Still working on a good pattern.
BRKT: Excellent break higher on volume, but warned after hours and was getting clobbered.
New plays for Tuesday:
Upside:
Play Date: 04/05/2004
MC (Matsushita Electronics--$15.80; +0.23; no options): Electronic equipment
http://biz.yahoo.com/p/m/mc.html
STATUS: Cup w/handles. MC is starting the breakout from its 10 week base sporting strong 5 to 2 accumulation. Volume was sharply higher Monday as it started the move, just what you want to see. Strong money flow and relative strength ready to move up and breakout again as it did on the first breakout. That indicates is a very strong performer in the market.
Volume: 380.9K Avg Volume: 218.363K
BUY POINT: $15.88 Volume=300K Target=$19.12 Stop=$15.22
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/mc.html
Play Date: 04/05/2004
NABI (Nabi Biopharma--$16.09; -0.01; optionable): Biotechnology
http://biz.yahoo.com/p/n/nabi.html
STATUS: Ascending triangle. NABI is working through a nice looking 10 week base that has used the 50 day MVA (15.23) as support, a good sign of institutional support. It is making higher lows up the 50 day as it holds below a constant top roughly at 16.75. Nice looking pattern with money flow moving higher ahead of the stock. Breakouts can be explosive from these patterns, so we will be ready to jump on it if volume moves in.
Volume: 343.364K Avg Volume: 644.5K
BUY POINT: $16.48 Volume=950K Target=$19.82 Stop=$15.46
POSITION: NIQ FC - June $15c (69 delta) &/or Stock
http://www.investmenthouse.com/cd/nabi.html
Play Date: 04/05/2004
XRIT (X Rite--$14.82; -0.21; no options): Photographic and other color measuring instrumentation
http://biz.yahoo.com/p/x/xrit.html
STATUS: Cup w/handle. Forming a short handle (the lateral and lower move after the stock reaches close to its prior high when the base started) to its 7 week base. Accumulation is a solid 2 to 0 in the short pattern, showing money has continued to move into the stock even as it corrected. It held just over the 50 day MVA (13.79) on the pattern lows, another sign of solid support. Excellent money flow and volume has kicked up the past week as it has rallied to complete the base; that is the precise price/volume action you want to see. Money flow is excellent. Monday it gapped down to the 10 day MVA (14.64) and then rallied on strong volume.
Volume: 119.502K Avg Volume: 71.272K
BUY POINT: $15.22 Volume=120K Target=$18.28 Stop=$14.35
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/xrit.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.
COH, DIS, EBAY, GTRC, HD, LPNT, OCR, TGT, TJX, XMSR
COH: Moving up off the 50 day MVA. Would just like to see more volume.
GTRC: Roared higher but then gave most of it back. Still in a shape.
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:
CSV: Ballistic run in January has led to this 9 week cup base. Quite good looking base.
PCYC: Nice flying plateau as PCYC is stepping right up the short term MVA (10 and 18 day MVA). Good volume break Friday and then a rest Monday.
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.
|
stock ticker
stock recommendation
|
