|
|
stock recommendation, stock option
THE PLAYS
Good movers Thursday: ATRM; JAKK; ULGX; BJS
Wednesday night play results:
EFJI: Hit the buy again late. Looking for more upside Friday to move in
MACE: Gapped higher but could not continue the move.
VISG: Gapped higher and sold back as well.
WBSN: Looks ready to make the break higher.
New Plays:
Upside:
Play Date: 05/27/2004
RIO (Companhia Vale Do Rio Doce--$51.51; +1.53; optionable): Steel & iron
http://biz.yahoo.com/p/r/rio.html
STATUS: Rebound. After suffering with the rest of the metals the past two months, RIO found bottom and this week broke back over the 200 day SMA 49.32) on rising volume. Thursday volume jumped solidly above average as it moved off the 50 and 200 day SMA. 49.89, 49.32). That cleared some serious resistance and opened up some more upside for RIO. Looking for a rebound back up toward the prior high.
Volume: 943.1K Avg Volume: 799.338K
BUY POINT: $51.88 Volume=1M Target=$60 Stop=$49.22
POSITION: RI OU - Sept. $50c (64 delta) &/or Stock
http://www.investmenthouse.com/ci/rio.html
Play Date: 05/27/2004
SBSE (SBS Technologies--$18.70; +0.44; no options): Business software services
http://biz.yahoo.com/p/s/sbse.html
STATUS: Breakout test. SBSE shot out of a 16 week cup with handle base 7 sessions back, surging on strong volume. It is now making its first test of that move, pulling back toward the 10 day EMA (17.86) Wednesday, then jumping higher Thursday on very solid, rising volume. Strong stocks make 4 to 5 bounces off the 10 or 18 day EMA before a further rest is needed. That makes this a good entry point for the stock. Strong 5 to 2 accumulation in the pattern (5 up price weeks on rising volume to 2 down price weeks on rising volume). Money flow is surging higher ahead of price and relative strength is ready to break out.
Volume: 217.16K Avg Volume: 91.5K
BUY POINT: $19.05 Volume=200K Target=$22.88 Stop=$17.72
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/sbse.html
Play Date: 05/27/2004
SCSC (Scansource--$53.10; +0.41; optionable): Wholesale computers
http://biz.yahoo.com/p/s/scsc.html
STATUS: Cup w/handle. Volume was up solidly above average Thursday as SCSC works toward the breakout from an 18 week base sporting excellent 6 to 1 accumulation. The handle has formed over the 50 day EMA (51.08), a great support level where money moves in to support the stock (that is, buy new positions). Money flow is surging ahead of price, and with that strong accumulation we are looking for the price to follow the money higher.
Volume: 264.29K Avg Volume: 131.59K
BUY POINT: $53.77 Volume=200K Target=$61 Stop=$50.88
POSITION: UHI IK - Sept. $55c (45 delta) &/or Stock
http://www.investmenthouse.com/ci/scsc.html
Play Date: 05/27/2004
SWW (Sitel--$3.15; +0.16; no options): Management services
http://biz.yahoo.com/p/s/sww.html
STATUS: Cup w/handle. Volume has surged this week as SWW makes a run toward a breakout from its 15 week base. Solid 5 to 3 accumulation in the base shows money moved into the stock and sets a good foundation for a good breakout and run. Strong money flow leading higher ahead of price, and relative strength is ready for another breakout.
Volume: 427.4K Avg Volume: 135.909K
BUY POINT: $3.24 Volume=204K Target=$4.06 Stop=$3.01
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/sww.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.
|
stock recommendation
stock option
|
