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stock recommendation, stock market recommendation
Begin part 3 of 3
THE PLAYS
Good movers Monday: WYNN; SYMC; AAI; AFL; AMR; BBOX; BWA; ERES; JCP; OEX
Weekend play results:
GW: Took a day off on lower volume, right at the breakout point.
WITS: Still in the nice low volume pullback.
AFL: Starting down again on rising trade.
SOX: Continuing the move down.
XLNX: Gapped lower, tried to rally back, but failed.
CTSH: Falling through the 18 day EMA on lower volume, holding support at 28.
New Plays:
Upside:
Play Date: 09/27/2004
OPTV (Opentv--$3.05; +0.05; no options): Multimedia & graphics software
http://biz.yahoo.com/p/o/optv.html
STATUS: Breakout test. OPTV is easing back to the 10 day EMA (2.95) on lower volume after OPTV surged through the 200 day SMA (2.82) on very strong volume last week. This is part of the move up the right side of an 11 month base. Money flow is surging higher ahead of price even as the stock pulls back to test the break higher. A very good risk/reward position. Just looking for volume to surge higher on the rebound.
Volume: 296.629K Avg Volume: 471.5K
BUY POINT: $3.15 Volume=525K Target=$4.25 Stop=$2.93
POSITION: - Stock
http://www.investmenthouse.com/ci/optv.html
Downside:
Play Date: 09/27/2004
CENT (Central Garden & Pet--$29.73; -1.35; optionable): Garden and pet supplies
http://biz.yahoo.com/p/c/cent.html
STATUS: Put. CENT gapped down hard in early July. It managed to rally back with the market in August, making it back up to the 200 day SMA (33.36). It moved laterally for three weeks and then rolled back over. Monday CENT was selling harder, on rising, above average volume. Money flow is in the tank. Looking to step in on a further move lower to ride it down near the August low at 28 for a 46%ish gain.
Volume: 171.872K Avg Volume: 206.863K
BUY POINT: $29.61 Volume=200K Target=$27.88 Stop=$30.05
POSITION: EQH WF - Nov. $30p (-50 delta)
http://www.investmenthouse.com/ci/cent.html
Play Date: 09/27/2004
KCP (Kenneth Cole--$29.61; -0.89; optionable): Shoes
http://biz.yahoo.com/p/k/kcp.html
STATUS: Put. Managed to rally back with the market in September, but after clearing the 50 day EMA (30.40) two weeks back it was unable to press the move. It stalled, and Monday broke back through the 50 day on rising, above average volume. A relatively low volume stock, but money flow is turning lower ahead of price. Looking to move in on a further drop on volume for a 46%ish gain.
Volume: 117.9K Avg Volume: 84.181K
BUY POINT: $29.48 Volume=126K Target=$27.75 Stop=$30.12
POSITION: KCP WF - Nov. $30p (-53 delta)
http://www.investmenthouse.com/ci/kcp.html
Play Date: 09/27/2004
WMGI (Wright Medical--$25.33; -0.94; optionable): Medical appliances
http://biz.yahoo.com/p/w/wmgi.html
After Hours: $25.42
STATUS: Put. WMGI has filled the gap from its nasty drop a week back, rallying back up to the 18 day EMA (26.36). It found resistance at that level and rolled over Monday on siring, average volume. Money flow is lousy and the stock remains under heavy distribution. Looking to enter on a further drop down to the August lows for a 42%ish gain.
Volume: 531.376K Avg Volume: 428.909K
BUY POINT: $25.22 Volume=525K Target=$23.68 Stop=$25.55
POSITION: QWM WE - Nov. $25p (-42 delta)
http://www.investmenthouse.com/ci/wmgi.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 market recommendation
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