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us stock market, stock ticker
Begin part 3 of 3
THE PLAYS
Good movers Tuesday: AKS; IGL; LLL; LSS; OII; TV; BWA; ERES
Monday night play results:
GRA: Held steady, but still looks ready to continue the breakout.
OII: Continued the breakout surge on volume.
PTEK: Tapped at the 50 day EMA on the high and backed off on continued low volume.
WMGI: Doji below the 18 day EMA. Looks ready to fade.
New plays for Wednesday:
Upside:
Play Date: 09/28/2004
BYD (Boyd Gaming--$28.04; +1.08; optionable): Resorts and casinos
http://biz.yahoo.com/p/b/byd.html
STATUS: Test breakout. Taking another look at this one. Volume surged Tuesday as BYD jumped off the 50 day EMA (26.58). Nice 12 week base sporting outstanding 5 to 0 accumulation, showing nothing but buying as it worked laterally over the 50 day in the pattern. Solid money flow and a relative strength breakout as well. Looks solid after this test.
Volume: 573.7K Avg Volume: 380.341K
BUY POINT: $28.22 Volume=400K Target=$33.38 Stop=$27.28
POSITION: BYD CE - Mar. $25c (81 delta) &/or Stock
http://www.investmenthouse.com/cd/byd.html
Play Date: 09/28/2004
ESMC (Escalon Medical--$13.37; +1.41; no options): Medical appliances
http://biz.yahoo.com/p/e/esmc.html
After Hours: $13.72
STATUS: Test 200 day SMA. ESMC is working on a 6 month cup base, rallying the past 6 weeks, stair stepping higher as it starts the right side of the pattern. It has just come back to test the 200 day SMA (12.43) after making the breakout over this level two weeks back on strong trade. Money flow is surging higher ahead of the stock, and we are looking for the stock to follow the money higher.
Volume: 857.46K Avg Volume: 514.681K
BUY POINT: $13.68 Volume=900K Target=$18 Stop=$12.98
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/esmc.html
Downside:
Play Date: 09/28/2004
CCRN (Cross Country--$15.03; -0.13; optionable): Staffing and outsourcing
http://biz.yahoo.com/p/c/ccrn.html
STATUS: Put. Cratered through the 200 day SMA (16.59) in July and rallied back with the market up to last week. Made it to 16 but then stalled. The past two sessions CCRN tanked below the 50 day EMA (15.52). Looks ready to continue the fade toward the August low below 14.
Volume: 64.137K Avg Volume: 100.371K
BUY POINT: $14.88 Volume=120K Target=$13.75 Stop=$15.05
POSITION: QCK WC - Nov. $20p (-68 delta)
http://www.investmenthouse.com/cd/ccrn.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.
BR, COH, EASI, EBAY, GMAI, GTRC, HDWR, JNPR, MSFT, QCOM
Play Date: 08/31/2004
EBAY (Ebay--$90.24; +1.51; optionable): Internet auctions
http://biz.yahoo.com/p/e/ebay.html
After Hours: $90.63
STATUS: Double bottom w/handle. EBAY has set up the handle to its 13 week base, holding at the 18 day EMA (89.43) as it works laterally, shaking out the last sellers as it pulls back from its recent high near 95. Volume surged Tuesday as it moved up over the 18 day. Solid money flow and just solid overall.
Volume: 12.163M Avg Volume: 10.041M
BUY POINT: New: $92 (orig. $88.05) Volume=14M Target=$105 Stop=$90.25
POSITION: XBA AR - Jan. $90c (41 delta) &/or Stock
http://www.investmenthouse.com/cd/ebay.html
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:
CMCO: Working on the handle to a 9 month cup with handle base.
Downside:
PHTN: Has slid down the 10 day EMA, showing a doji Tuesday. That indicates it is ready to rebound to test that level once more. On the test that fails, that is the next entry point.
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.
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