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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers Wednesday: AME; FSH; BRCM; IPIX; HLEX; MSSN; SMTS
Tuesday night play results:
ASPM: Volume dropped off as ASPM took a breather.
CPRT: Still working in a nice consolidation
FILE: Held steady with the market, waiting for a better day to make its move.
IPIX: Nice volume as it starts the next run.
New Plays:
Upside:
Play Date: 06/16/2004
BEAV (BE Aerospace--$6.92; +0.22; optionable): Aerospace, defense
http://biz.yahoo.com/p/b/beav.html
STATUS: Cup w/handle. Volume was explosive Wednesday as BEAV attempted a breakout from its 16 week base sporting excellent 7 to 2 accumulation (7 up price weeks on rising volume to 2 down price weeks on rising volume). The accumulation shows us that money has been moving into the stock as it works through the base. Volume was very quiet at the bottom of the base but has started to jump the past two weeks. Strong action and money flow is solid. Looking for a further breakout move on solid trade.
Volume: 997.823K Avg Volume: 171.863K
BUY POINT: $7.06 Volume=300K Target=$8.55 Stop=$6.57
POSITION: BQV AA - Oct. $5c (86 delta) &/or Stock
http://www.investmenthouse.com/ci/beav.html
Play Date: 06/16/2004
HYSL (Hyperion Solutions--$40.46; +0.87; optionable): Application software
http://biz.yahoo.com/p/h/hysl.html
STATUS: Cup. HYSL is building an 8 week base, just now starting to come off of the lows as volume starts to jump. Already in the short base accumulation is strong at 3 to 1; it will only get better as the stock works higher in the pattern to build the right side of the base. Volume surged Wednesday as it moved off the 50 day EMA (39.03) and HYSL started off the bottom of the base. Money flow is surging ahead of price, and it looks as if the stock is ready to follow.
Volume: 1.434M Avg Volume: 662.545K
BUY POINT: $40.68 Volume=1M Target=$46.75 Stop=$38.88
POSITION: WQE KH - Nov. $40c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/hysl.html
Play Date: 06/16/2004
ZGEN (Zymogenetics--$17.25; +0.84; optionable): Biotechnology
http://biz.yahoo.com/p/z/zgen.html
STATUS: Cup. ZGEN is building its base as well, starting off the lows of the 21 week pattern that used the 200 day SMA (15.57) as support. Biotechs have been under some pressure of late, but that has allowed ZGEN to form the bottom of its pattern to get ready for the next leg. Indeed, money has been moving into the stock as accumulation is excellent at 5 to 0. Volume surged Wednesday as ZGEN broke recent resistance at 17. The strong volume shows the conviction in that break of resistance. Money flow has started to surge with the stock. This base has formed on the heels of a 28 week base that broke out in January 2004. Looks ready to continue higher and a good first entry point.
Volume: 362.117K Avg Volume: 82.636K
BUY POINT: $17.48 Volume=150K Target=$20.75 Stop=$16.26
POSITION: GZU KW - Nov. $17.50c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/zgen.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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