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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers Monday: AKAM; BEIQ; HLEX; LPNT; NAVR; RHAT; ULGX; WOOF
Tuesday night play results:
AXCA: Held steady on continued low volume.
DVA: Gapped higher but volume backed off.
FARO: A bit further test toward the 10 day EMA.
LSCP: Surged on strong volume but gave back much of the move.
New Plays:
Upside:
Play Date: 06/02/2004
CETV (Central European Media--$21.51; -0.03; no options): Broadcast TV
http://biz.yahoo.com/p/c/cetv.html
STATUS: Breakout test. CETV exploded higher Friday on heavy trade. The move broke it out of an 18 week cup base sporting outstanding 7 to 1 accumulation (7 up price weeks on rising volume to 1 down price week on rising volume). After a strong run in 2003 it needed this base, and the accumulation shows us that money was moving into the stock even during this consolidation. Money flow continues to move higher and relative strength gave a breakout on the stock breakout; that is a good corroborating sign. It ahs faded back the past two sessions on lighter trade, consolidating some of the breakout move. May take another session or two, but we are looking for the stock to complete a modest test back and then break higher.
Volume: 156.464K Avg Volume: 110.818K
BUY POINT: $22.15 Volume=172K Target=$26 Stop=$20.58
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/cetv.html
Play Date: 06/02/2004
COSI (Cosi--$6.40; -0.10; optionable): Restaurants
http://biz.yahoo.com/p/c/cosi.html
STATUS: Cup w/handle. Forming the handle to a very short 8 week base that formed over the 50 day EMA (5.66). This base follows the big early March breakout that saw the stock more than double. Excellent 4 to 0 accumulation in the base, and it looks as if COSI is going to take this short breather and then continue right back up. The target is our initial one and we will let it run further if it will.
Volume: 211.461K Avg Volume: 182.409K
BUY POINT: $6.82 Volume=274K Target=$8.18 Stop=$6.34
POSITION: CQA JU - Oct. $7.50c (46 delta) &/or Stock
http://www.investmenthouse.com/ci/cosi.html
Play Date: 06/02/2004
PLMD (Polymedica--$30.08; +1.08; optionable): Drugs
http://biz.yahoo.com/p/p/plmd.html
STATUS: Cup. PLMD split in September, rallied up to 30, and then fell into the current 28 week base that formed along the 50 day EMA (27.83). The base shows excellent 8 to 2 accumulation in the pattern. Excellent money flow as well, leading higher ahead of the price. Wednesday the stock surged higher on a very strong volume surge. We are looking to take positions on a further solid move up from here.
Volume: 746.898K Avg Volume: 210.909K
BUY POINT: $30.38 Volume=316K Target=$34.95 Stop=$28.38
POSITION: PM IF - Sept. $30c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/plmd.html
Play Date: 06/02/2004
VTA (Vesta Insurance Grp--$6.25; +0.26; no options): Property and casualty Insurance
http://biz.yahoo.com/p/v/vta.html
STATUS: Test 18 day EMA. VTA broke out in early April, tested, and has started a move up the 18 day EMA (5.96). This is its second test of the 18 day since the breakout test, and stocks tend to make 4 to 5 such bounces up the 18 day before coming back for a deeper test. Excellent money flow and a relative strength breakout corroborates the move. Wednesday volume jumped back up to average as VTA jumped off the 18 day. Looking for a further volume move to enter.
Volume: 302.5K Avg Volume: 340.818K
BUY POINT: $6.38 Volume=450K Target=$7.54 Stop=$5.93
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/vta.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 split
stock recommendation
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