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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS
Good moves Thursday: AEOS; BOL; CLE; DKS; EBAY; ESL; GIVN; QCOM; URBN
Wednesday night play results:
CLE: Strong move on volume.
DKS: Making the breakout on stronger trade.
MVSN: Nope. Heading the wrong way.
SHFL: Could not continue the move and did not rally with the market.
Upside:
Play Date: 09/02/2004
ANSS (Ansys--$46.07; +0.37; optionable): Technical software. Splits 2:1 on 10-8-04.
http://biz.yahoo.com/p/a/anss.html
STATUS: 50 day EMA test. Volume has jumped the past three sessions as ANSS starts to move higher off a 50 day EMA test (44.60). It has spent three weeks moving at that level on low volume, grouping for this move higher. Money flow is surging ahead of the price as it made this lateral move. Excellent 5 to 0 accumulation shows solid buying over the past 10 weeks. Building up some momentum here and looking to move in on another break higher on volume.
Volume: 98.309K Avg Volume: 79.954K
BUY POINT: $46.35 Volume=120K Target=$52 Stop=$45.38
POSITION: QUS AI - Jan. $45c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/anss.html
Play Date: 09/02/2004
RL (Ralph Lauren--$38.00; +1.21; optionable): Apparel
http://biz.yahoo.com/p/r/rl.html
STATUS: Double bottom w/handle. Nice breakout Thursday on strong trade with the solid news from the retail sector. Solid 6 to 3 accumulation in the 17 week base shows buyers and money moving into the stock during the consolidation, and now with this breakout it is being put to use. Money flow is moving higher with price and relative strength is making a breakout, a good corroboration of the move. Looking to enter on a continued upside volume move.
Volume: 1.158M Avg Volume: 484.863K
BUY POINT: $38.25 Volume=727K Target=$42.45 Stop=$37.12
POSITION: RL AG - Jan. $35c (82 delta)
http://www.investmenthouse.com/ci/rl.html
Play Date: 09/02/2004
UTHR (United Therapeutics--$30.79; +0.28; optionable): Drugs
http://biz.yahoo.com/p/u/uthr.html
After Hours: $30.75
STATUS: Test 18 day EMA. A strong breakout in early August propelled UTHR from 24 to 32. There is a lot of pop in this stock. After that strong run, it has come back to test the 18 day EMA (29.99). It sold hard Monday, but checked up at the 18 day and then started to bounce Thursday on stronger, above average volume. Money flow remains very strong, leading the way higher. Looking to move in on this continued rebound. Like to move in on tests of breakout moves.
Volume: 817.819K Avg Volume: 422.454K
BUY POINT: $31.12 Volume=650K Target=$35.35 Stop=$30.42
POSITION: FUH KF - Nov. $30c (62 delta) &/or Stock
http://www.investmenthouse.com/ci/uthr.html
Continuing that look ready: CLF; CME; ECIL; MDCC; PPDI; SCSC
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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trade stock
stock recommendation
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