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stock recommendation, stock option
Begin part 3 of 3
THE PLAYS
Monday night play results: Everything moved but them. Still in great patterns.
FCEL: Held steady on continued above average volume.
PLXT: Volume was up, but no breakout.
RHB: Still in the handle.
TWW: Tried the move on huge volume but faded.
New Plays:
Good movers Tuesday: AMT; ATRM; ASKJ; BR; BRCM; ELN; NXTP; SNTS; WWCA
Upside:
Play Date: 05/25/2004
ACLS (Axcelis Technologies--$12.01; +0.68; optionable): Chip equipment
http://biz.yahoo.com/p/a/acls.html
STATUS: Cup. Volume was up and above average as ACLS started to move over the April high (12.09) in its 17 week base. We looked at this one in early May, but it faded. It held the 200 day and started to recover, volume starting higher the past week. Excellent money flow is surging ahead of price. Ready for more.
Volume: 1.468M Avg Volume: 1.235M
BUY POINT: $12.21 Volume=1.9M Target=$14 Stop=$11.36
POSITION: ULS JB - Oct. $10c (75 delta) &/or Stock
http://www.investmenthouse.com/ci/acls.html
Play Date: 05/25/2004
CEN (Ceridian--$22.39; +1.01; optionable): Business software
http://biz.yahoo.com/p/c/cen.html
STATUS: Cup w/handle. Surging on strong volume Tuesday as CEN jumped off of the 50 day EMA (21.22), ready to breakout from its 18 week base. Outstanding 7 to 1 accumulation in the base (7 up price weeks on rising volume to 1 down price week on rising volume). Money has been moving in as it based, and now it looks to pay off with a strong breakout. Money flow is surging as well, moving higher ahead of price. Ready for the breakout.
Volume: 1.09M Avg Volume: 705.181K
BUY POINT: $22.58 Volume=1.1M Target=$26 Stop=$21.45
POSITION: CEN KX - Oct. $22.50c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/cen.html
Play Date: 05/25/2004
MODI (Modine Mftrng.--$29.76; +0.9; no options): Auto parts
http://biz.yahoo.com/p/m/modi.html
STATUS: Reverse Head and shoulders breakout. MODI exploded out of a 17 week base that formed mostly over the 50 day EMA (27.80). That is a sign of very good bug money support. Excellent 7 to 2 accumulation in the base, setting the foundation and another sign of strong big money support. Looking to move in on a further volume break higher.
Volume: 245.224K Avg Volume: 100.59K
BUY POINT: $29.97 Volume=170K Target=$34.65 Stop=$28.12
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/modi.html
Play Date: 05/25/2004
MXIM (Maxim Integrated--$50.04; +2.55; optionable): Semiconductors
http://biz.yahoo.com/p/m/mxim.html
STATUS: Double bottom w/handle. Volume surged as MXIM moved toward the breakout from its 18 week base that made the left leg in March and the right in early May. It formed the handle the past two weeks, holding over the 200 day SMA as it did (47.77). Making the break over the April high, the 'hump' in the double bottom (50.01). Looking for a run up to the prior high for a nice gain; if it goes further we will let it.
Volume: 8.488M Avg Volume: 6.268M
BUY POINT: $50.25 Volume=7M Target=$56 Stop=$47.12
POSITION: XIQ HJ - Aug. $50c (53 delta) or XIQ KJ - Nov. $50c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/mxim.html
Play Date: 05/25/2004
SSP (E.W. Scripps--$103.29; +2.12; optionable): Newspapers. Splits 2:1 on a date to be announced.
http://biz.yahoo.com/p/s/ssp.html
STATUS: 50 day EMA test. Nice breakout in early April and a run up to 109. It has made an orderly pullback in the selling, undercutting the 50 day EMA (102.05) last week, but held support at 100 and jumped off that level Monday on strong trade. Looking to jump on and ride it back up to the prior high. Using options to leverage our gain.
Volume: 215.3K Avg Volume: 177.318K
BUY POINT: $103.72 Volume=245K Target=$109.45 Stop=$101.95
POSITION: SSP IT - Sept. $100c (71 delta) or SSP IA - Sept. $105c (43 delta)
http://www.investmenthouse.com/ci/ssp.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 option
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