trade stock, stock ticker

Begin part 3 of 3

THE PLAYS

Weekend play results:
JCOM: Took a breather after the Friday move. After this pullback it will be ready.
JNPR: Not the move, thudding down to the 50 day EMA on rising trade.
LEXG: Still a very nice handle forming on very low volume.
SSNC: Broke below support and started the fall.

New plays for Wednesday:

Upside:

Play Date: 07/06/2004
ECIL (ECI Telecom--$6.82; -0.08; no options): Telecom processing systems
http://biz.yahoo.com/p/e/ecil.html
STATUS: Cup w/handle. Forming a nice handle over the 10 day EMA (6.73) with volume surging Tuesday as ECIL showed a tight doji right at that level. A nice 22 week base with positive 5 to 4 accumulation (5 up price weeks on rising volume to 4 down price weeks on rising volume), showing that money has been moving in during the base. Excellent money flow is surging ahead of price. Volume has really swelled the past two weeks, and we are looking for the stock to follow the money flow higher.
Volume: 1.013M Avg Volume: 312.363K
BUY POINT: $7.12 Volume=469K Target=$8.55 Stop=$6.65
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/ecil.html

Play Date: 07/06/2004
NVEC (NVE Corp.--$46.37; +3.20; no options): Semiconductors
http://biz.yahoo.com/p/n/nvec.html
STATUS: 200 day SMA test. One of the semiconductors that is rallying as opposed to selling. NVEC has surged the past three weeks off of the low in a 6 month double bottom. Accumulation is a strong 8 to 3 and volume is surging as it comes off a test of the 200 day SMA (42.60). Money flow is surging higher and NVEC is following it. After a lower volume test of the break higher Friday, NVEC has started right back up in a down market.
Volume: 2.15M Avg Volume: 990.636K
BUY POINT: $46.88 Volume=1.8M Target=$55 Stop=$43.61
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/nvec.html

Play Date: 07/06/2004
SAFC (Safeco--$44.51; +0.85; optionable): P & C Insurance
http://biz.yahoo.com/p/s/safc.html
STATUS: Cup w/handle. Nice break higher Tuesday on strong trade as SAFC started the breakout from its 21 week base sporting solid 5 to 3 accumulation. Money flow is surging higher ahead of price and relative strength is ready for the breakout. Looking for a 5 year high. Insurance stocks have remained one of the pockets of strength in the market. Looking for a continued move on volume. Nice.
Volume: 1.322M Avg Volume: 708.681K
BUY POINT: $44.68 Volume=750K Target=$49.75 Stop=$43.22
POSITION: SAQ KI - Nov. $45c (50 delta) &/or Stock
http://www.investmenthouse.com/cd/safc.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.

BRCM, COH, CTAS, EASI, EBAY, GTRC, QCOM, SYK, TGT

COH: Gapped higher Friday, looking strong, but reversed the move. Gapped down Tuesday, managing to rebound to hold the 10 day EMA.

SYK: Moving higher on stronger, above average volume. Hitting a new high. Nice if not a bit extended.

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:

EXLT: Continuing in a downtrend below the 10 day EMA. This downtrend started last July. There is some support at 5.

Upside:

MGAM: Surged Tuesday on volume but closed over $1 off the high. Moving out of a nice 16 week base, however, and looks very good.

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