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stock recommendation, stock pick
Begin part 3 of 3
THE PLAYS:
Weekend play results:
ANDW: Edged higher but no volume.
BIIB: Continued the move though volume was down a bit.
IRGI: Solid volume continuation move.
OSIS: Volatile session but held steady with lower volume.
SIMG: Needs more volume but looking good.
New Plays:
Upside:
Play Date: 04/19/2004
ALAN (Alanco Technologies--$1.72; +0.28; no options): ITS solution provider
http://biz.yahoo.com/p/a/alan.html
STATUS: Breakout test. ALAN exploded out of a 5 month flat base 7 sessions back, roaring to life on strong volume and rallying to 2.34 on the high. It has slid back to the 10 day EMA (1.51) to test the breakout on lower though still above average volume. Monday it jumped off the 10 day EMA on rising, above average volume. Strong money flow is still leading higher as ALAN looks ready to continue the breakout move. The first test of the breakout is one of our favorite entry points, and this test looks successful.
Volume: 3.933M Avg Volume: 807.636K
BUY POINT: $1.82 Volume=2M Target=$2.38 Stop=$1.69
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/alan.html
Play Date: 04/19/2004
EXEL (Exelis--$9.67; +0.45; optionable): Biotechnology
http://biz.yahoo.com/p/e/exel.html
STATUS: Cup w/handle breakout. You can view this as a 12 month base or a 7 week base, but both are solid. EXEL is making the breakout move on strong volume, surging Monday and clearing the recent highs. Accumulation in the shorter base is a solid 2 to 0 (2 up price weeks on rising volume to 0 down price weeks on rising volume), showing us that money was still moving into the stock even as it rested and set up this next move. It held over the 50 day MA during the base, a sign of solid support (50 day at 8.52). Excellent money flow and a relative strength breakout accompanying the move, the latter being another indication that the move is solid. Looking to pick up positions on a further run from here.
Volume: 665.401K Avg Volume: 368.09K
BUY POINT: $9.75 Volume=552K Target=$11.75 Stop=$9.05
POSITION: XQT HB - Aug. $10c (50 delta) &/or Stock
http://www.investmenthouse.com/ci/exel.html
Play Date: 04/19/2004
IDNX (Identix--$8.07; +0.64; optionable): Security, Identification software
http://biz.yahoo.com/p/i/idnx.html
STATUS: Breakout test. IDNX blasted from a 9 month base in early April, surging on a massive volume increase. After that strong blast it has come back to test the 10 day EMA (7.50) on much lower volume. The 10 day is a classic point for a breakout to hold and then continue the move, and Monday IDNX tapped the 10 day on the low and then started higher on rising, above average volume. Money flow is way ahead of the price and is moving back up. Super move and that first breakout test is a good place to move in.
Volume: 2.364M Avg Volume: 1.584M
BUY POINT: $8.22 Volume=2.5M Target=$9.92 Stop=$7.48
POSITION: IDX IU - Sept. $7.50c (66 delta) &/or Stock
http://www.investmenthouse.com/ci/idnx.html
Play Date: 04/19/2004
SATC (Satcon Technology--$3.54; +0.26; no options): High efficiency electronics controllers
http://biz.yahoo.com/p/s/satc.html
STATUS: Cup. A nice 7 month base that has been very clean and orderly in its formation. Accumulation is a solid 8 to 4, a very good foundation showing money moving into the stock all through the base. Money flow is surging higher ahead of the stock price. It tried to make the breakout move Friday but fell back. Monday it was right back in the game, rallying on continued above average volume. Looks ready to continue the move higher, and we are ready to move in as it does.
Volume: 755.246K Avg Volume: 379.545K
BUY POINT: $3.72 Volume=600K Target=$4.55 Stop=$3.46
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/satc.html
Play Date: 04/19/2004
WGRD (Watchguard Technologies--$8.50; +0.55; no options): Internet security solutions
http://biz.yahoo.com/p/w/wgrd.html
STATUS: Cup w/handle. WGRD is making a high volume breakout from a 16 month base sporting strong 19 to 6 accumulation (19 up price weeks on rising volume to 6 down price weeks on rising volume). A long pattern, but a solid foundation for the breakout and run higher. Looking for some more volume as it continues the move.
Volume: 1.195M Avg Volume: 435.727K
BUY POINT: $8.74 Volume=654K Target=$10.55 Stop=$8.12
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/wgrd.html
Good movers Monday: ALGN; APCS; AXYX; DNA; ECOL; IMGN; IRGI; KMRT; LIFC; NMSS; PHMD; TASR; UBET; VAR
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 pick
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