trade stock, stock ticker

Begin part 3 of 3

THE PLAYS

Good movers Monday: ZEUS

Weekend play results:
DPTR: Took another rest on lower volume, forming the handle to the double bottom.
ORB: Took a breather after that big Thursday move.
RSTO: Eased higher but volume was not there Monday.

New plays for Tuesday:

Upside:

Play Date: 06/21/2004
BYD (Boyd Gaming--$25; +0.32; optionable): Resorts and casinos
http://biz.yahoo.com/p/b/byd.html
STATUS: Cup w/handle. Volume has been edging higher and above average the past three sessions as BYD holds the 10 day EMA (24.61) in the handle to its 11 week base sporting solid 3 to 1 accumulation (3 up price sessions on rising volume to 1 down price session on rising volume). Solid base formed right at the 50 day EMA (23.51) as BYD sets for the next move to an all-time high. Strong money flow to match the accumulation; money has been moving in as the stock bases.
Volume: 417.3K Avg Volume: 311.272K
BUY POINT: $25.94 Volume=467K Target=$30 Stop=$24.15
POSITION: BYD IE - Sept. $25c (54 delta) &/or Stock
http://www.investmenthouse.com/cd/byd.html

Play Date: 06/21/2004
EENC (Enterra Energy--$13.67; +0.27; optionable): Independent oil and gas
http://biz.yahoo.com/p/e/eenc.html
STATUS: Cup w/handle. Volume was up Monday as EENC moved off the 10 day EMA (13.03) that has acted as support in the handle to its 11 week base. Strong 3 to 0 accumulation in the pattern shows money moving into the stock as it takes a breather after a solid 6 month run. It looks ready to resume the move as it started to move over the handle high Monday on that stronger volume. Want to see more trade as it continues the move.
Volume: 213.875K Avg Volume: 199.545K
BUY POINT: $13.85 Volume=299K Target=$16 Stop=$12.88
POSITION: EMU LV - Dec. $12.50c (70 delta) &/or Stock
http://www.investmenthouse.com/cd/eenc.html

Play Date: 06/21/2004
STLD (Steel Dynamics--$27.08; -0.17; optionable): Steel & iron mining
http://biz.yahoo.com/p/s/stld.html
STATUS: Cup w/handle. Kind of a steep pattern, STLD plunged lower in April and May, slamming into the 200 day SMA (21.93) and then vaulting right back in a knifepoint move. After that move and a quick test of the 50 day EMA (25.27) it formed a week long lateral move over the 10 day EMA (26.57). Volume has started to surge on the up sessions in the handle, telling us that the stock remains under accumulation even in this shakeout stage of the 10 week base. Excellent 5 to 1 accumulation and surging money flow have set up the next move as steel and other commodities have rebounded from their correction.
Volume: 356.072K Avg Volume: 688.181K
BUY POINT: $27.69 Volume=1M Target=$32 Stop=$25.96
POSITION: RQL KE - Nov. $25c (73 delta) &/or Stock
http://www.investmenthouse.com/cd/stld.html

SUBSCRIBER PORTFOLIO: These are stocks subscribers suggest by vote that we put in a portfolio to track and move into the stocks if they perform well. If you have any suggestions for additions or deletions, email us. We don't cover them all each report, just when something interesting is developing.

ALDN, BRCM, CECO, COH, DNA, EBAY, GTRC, LPNT, TGT

LPNT: Tanked through the 50 day EMA on continued strong volume.

ALDN: Continues its fall through the 50 day.

CECO: Struggling to recover after the ugly gap down on the lawsuit news.

DNA: Turning back down from the 10 day EMA test. Looks like a downside play.

SUBSCRIBER WATCHLIST

We continually receive ideas for potential plays from subscribers. Many times they are already on our watchlists, other times not. We always take a look and sometimes find a gem or two, or more. We don't necessarily endorse these, but want to provide a forum for subscribers with ideas that may appeal to other subscribers. We may just put on the ticker or we might describe our thoughts as to why or why not we think it is a buy or sell. This is a way we can all learn a bit more and maybe find a few more candidates to make us some good money.

Upside:

GIVN: After retaking the 50 day EMA on huge volume Friday, GIVN gapped higher Monday. It is moving up the right side of a 10 week cup base.

CYTC: Volume broke above average as CYTC cleared an 11 week reverse head and shoulders base. Nice looking.

TYC: Volume is up as TYC tries to move from a flying plateau after breaking from a 9 week base in mid-May.

Good Investing!
Jon L. Johnson and The Daily Staff

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 of 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.

trade stock
stock ticker