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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS:
Good movers Wednesday: EEFT; HLEX; RIMM; WWCA; CTX
Tuesday night play results:
EGLS: Solid volume but gave back most of the move.
INGR: Holding the pattern well.
RHAT: Still looks solid.
RIMM: Big gap higher though gave much back from the high.
BJS: Started down from the 10 day EMA test.
New Plays:
Downside:
Play Date: 05/19/2004
AET (Aetna--$79.00; -1.78; optionable): Health care plans
http://biz.yahoo.com/p/a/aet.html
STATUS: Put. Peaked in early April and crashed through the 50 day EMA (83.23) to end that month. It sold then rallied back up but on low volume. Wednesday it gapped higher toward the 18 day EMA (81.92) but stalled and rolled over on rising though still below average volume. Looking for a continued move lower toward the gap up point from February at 75.
Volume: 1.326M Avg Volume: 1.595M
BUY POINT: $78.78 Volume=1.7M Target=$74.68 Stop=$82.02
POSITION: AET SP - July $80p (-52 delta)
http://www.investmenthouse.com/ci/aet.html
Play Date: 05/19/2004
CYTC (Cytyc--$19.33; -0.03; optionable): Medical instruments
http://biz.yahoo.com/p/c/cytc.html
STATUS: Put. Made one peak in March, a higher one in April, then collapsed through the 50 day EMA (20.03) on a strong gap lower. It has rebounded the past two weeks but volume has really lagged the past week as it moved to test the breakdown. Wednesday it tapped at the 18 day EMA (19.88) on the high and then fell back. Looking for it to follow the money flow lower.
Volume: 1.408M Avg Volume: 1.875M
BUY POINT: $19.22 Volume=1.9M Target=$17.45 Stop=$19.94
POSITION: YQK TD - Aug. $20p (-52 delta)
http://www.investmenthouse.com/ci/cytc.html
Upside:
Play Date: 05/19/2004
ACXM (Acxicom--$23.33; +0.54; optionable): Information technology
http://biz.yahoo.com/p/a/acxm.html
STATUS: 50 day EMA test. Made us some good money but then peaked in April near 25 and started a 6 week pullback to test the move, holding at the 50 day EMA (22.29) on the test. After walking along that support for a week, it jumped Wednesday on very strong, above average volume. Money flow has turned back up ahead of the stock and relative strength is already making the breakout, a very bullish move.
Volume: 1.334M Avg Volume: 828.863K
BUY POINT: $23.49 Volume=1.1M Target=$27 Stop=$22.08
POSITION: UQA HX - Aug. $22.50c (66 delta) &/or Stock
http://www.investmenthouse.com/ci/acxm.html
Play Date: 05/19/2004
EW (Edwards Life Sciences--$35.32; +0.63; optionable): Medical instruments
http://biz.yahoo.com/p/e/ew.html
STATUS: Cup w/handle. A very nice 15 week base has formed, using the 200 day SMA (30.65) on the lows. It has moved laterally the past 4 weeks, holding mostly over the 18 day EMA (34.51) as it moves laterally, testing lower to shake out the last sellers. Solid 5 to 3 accumulation in the base (5 up price weeks on rising volume to 3 down price weeks on rising volume). Money has moved into the stock during the base, and relative strength is already breaking out, a very bullish sign. Just needs big volume on the move higher.
Volume: 414.8K Avg Volume: 481.227K
BUY POINT: $35.77 Volume=722K Target=$41 Stop=$34.28
POSITION: EW HG - Aug. $35c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/ew.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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