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stock research, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers Wednesday: BEAV; CRL; GSLI; IPIX; JUPM; QCOM; VTS; ZGEN
Tuesday night play results:
BSTE: Gapped higher on some decent volume but could not hold the move to close.
MMM: Edged higher on rising trade, but no breakaway move yet.
PTEK: Tried to move higher but no volume.
TSG: Good volume. Looks ready to make the rebound.
New Plays:
Upside:
Play Date: 06/30/2004
FDS (Factset Research--$47.27; -0.01; optionable): Information and delivery software
http://biz.yahoo.com/p/f/fds.html
STATUS: Breakout test. FDS surged out of a 9.5 month cup w/handle base two weeks back, surging higher on tremendous volume. It has come back to test that move, holding at the 18 day EMA (47.05), showing three consecutive dojis on lower volume at that level. This is the typical level that holds on a breakout test, and it is one of our favorite places to buy into a breakout stock because it shows us that money is ready to move back into the stock and continue the run when it starts back up. Solid 10 to 8 accumulation in the base (10 up price weeks on rising volume to 8 down weeks on rising volume). Looking for an above average volume rebound through the buy point to open positions.
Volume: 258.6K Avg Volume: 364.136K
BUY POINT: $48.44 Volume=546K Target=$54.45 Stop=$46.55
POSITION: FDS LI - Dec. $45c (67 delta) &/or Stock
http://www.investmenthouse.com/ci/fds.html
Play Date: 06/30/2004
INFY (Infosys Technologies--$93.18; -0.07; optionable): Technical and system software. Splits 2:1 on 7-7-04.
http://biz.yahoo.com/p/i/infy.html
STATUS: Cup w/handle. Nice 6 month base has formed over the 200 day SMA (83.64), a key support level. It has surged up the past week and is now pulling back to test the move. Accumulation in the pattern is a solid 6 to 4, setting up the foundation for the breakout. It may pullback a bit more toward the 10 day EMA (90.54) before making the breakout, but volume was up Wednesday as it gapped lower and rebounded for a modest loss; thus we want to be ready if it moves higher from here.
Volume: 325.632K Avg Volume: 294.181K
BUY POINT: From here: $94.55. After test of 90.54, then 92.55. Volume=441K Target=$104.88 Stop=$90.38
POSITION: IUN JS - Oct. $95c (49 delta)
http://www.investmenthouse.com/ci/infy.html
Play Date: 06/30/2004
IT (Gartner Group--$13.22; +0.04; optionable): Research and analysis for IT, computer hardware and other industries
http://biz.yahoo.com/p/i/it.html
STATUS: Cup w/handle. IT is working on a nice, orderly handle to its 8 month base. Accumulation in the pattern is a strong 10 to 5, setting up a solid foundation for the breakout and a shows money has moved into the stock during the pattern. Strong money flow surging ahead of price as it moves laterally. Solid pattern and looking for a high volume breakout. It has shown us some 'get ready' spikes the past two weeks, telling us to get ready for the breakout.
Volume: 402.2K Avg Volume: 382.727K
BUY POINT: $13.49 Volume=574K Target=$16.19 Stop=$12.75
POSITION: IT LV - Dec. $12.50c (68 delta) &/or Stock
http://www.investmenthouse.com/ci/it.html
Play Date: 06/30/2004
PDYN (Paradyne Networks--$5.50; -0.04; no options): Telecom equipment
http://biz.yahoo.com/p/p/pdyn.html
STATUS: Breakout test. PDYN surged out of a 5 month cup with handle base two weeks back, rallying to 5.85 on the high. It has come back to test the move, holding over the 10 day EMA (5.37) but for one intraday test down to the 18 day EMA (5.17) that snapped back. Outstanding 7 to 2 accumulation. It may take a couple more days of lateral movement over the 10 day, but we want to be ready for the above average volume rebound to move in as it continues its breakout run.
Volume: 211.649K Avg Volume: 298.227K
BUY POINT: $5.68 Volume=400K Target=$6.85 Stop=$5.28
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/pdyn.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 research
stock recommendation
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