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stock research, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers Wednesday: CREE; CTSH; EBAY; KMRT; QCOM; STJ; SYMC; JCP
Tuesday night play results:
BYD: Took the day off after the strong Tuesday surge.
ESMC: Slipped below the 200 day SMA on rising volume. No good.
OS: Another stock that moved well Tuesday but could not continue Wednesday.
CCRN: Wrong way but no volume.
HOLX: Nice doji that tapped the 50 day SMA on the high and fell back. Looks ready.
New Plays:
Upside:
Play Date: 09/29/2004
JCOM (J2 Global Communications--$31.34; +1.58; optionable): Communications
http://biz.yahoo.com/p/j/jcom.html
After Hours: $31.45
STATUS: Cup. JCOM is starting to move up the right side of a big 12 month cup base, the last part being a 12 week cup with handle base. It broke out of that smaller pattern 8 sessions back, came back to test last week, and then shot higher Wednesday on stronger trade. Solid 14 to 5 accumulation in the pattern has set the stage for a move higher. The test of this breakout puts the stock in a good risk/reward position. Looking to pick it off as it continues the move on solid volume.
Volume: 1.029M Avg Volume: 725.642K
BUY POINT: $31.75 Volume=850K Target=$37 Stop=$30.88
POSITION: JQF CF - Mar. $30c (64 delta) &/or Stock
http://www.investmenthouse.com/ci/jcom.html
Play Date: 09/29/2004
JUPM (Jupitermedia--$17.44; +1.54; optionable): Online information, images, research and events for IT
http://biz.yahoo.com/p/j/jupm.html
After Hours: $17.56
STATUS: Breakout. JUPM is making a high volume breakout from a 5 week ascending triangle that tops off two short bases that started in April and have advanced the stock right up the 50 day EMA (14.09). The last breakout was on extremely strong volume, and the Wednesday breakout saw the same kind of volume. Excellent 8 to 1 in the bases and surging money flow to boot. Ready to pick up some positions on the further move higher and then again on the test.
Volume: 1.856M Avg Volume: 517.855K
BUY POINT: $17.57 Volume=550K Target=$21 Stop=$16.88
POSITION: EUU BW - Feb. $17.50c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/jupm.html
Play Date: 09/29/2004
SHFL (Shuffle Master--$37.08; +2.36; optionable): Shuffling machines
http://biz.yahoo.com/p/s/shfl.html
After Hours: $36.95
STATUS: Cup w/handle. Volume jumped Wednesday as SHFL started the breakout move from its 16 week base. The base used the 200 day SMA (30.32) on the low, a good sign of institutional support. Very pretty base with outstanding 6 to 1 accumulation setting the foundation for the breakout, showing solid buying as the stock moved through the base, shaking out the sellers. Strong money flow is helping lead the way. Looking to enter on a further move higher and then again on the breakout test.
Volume: 1.307M Avg Volume: 574.181K
BUY POINT: $37.29 Volume=650K Target=$44 Stop=$36.38
POSITION: SFQ BG - Feb. $35c (66 delta) &/or Stock
http://www.investmenthouse.com/ci/shfl.html
Play Date: 09/29/2004
VRSN (Verisign--$19.82; +1.11; optionable): Internet certificates and verifications
http://biz.yahoo.com/p/v/vrsn.html
After Hours: $19.84
STATUS: Double bottom w/handle. Strong volume surge as VRSN started the breakout move from the handle to its 8.5 month base. Another solid pattern that used the 200 day SMA (17.53) on the lows as support, showing the big money stepping in to buy into the stock at that key level. Accumulation is a strong 7 to 2, showing buyers moving into the stock during the pattern. Money flow is surging higher and relative strength is ready for the breakout, a good corroboration of the breakout move.
Volume: 5.108M Avg Volume: 2.527M
BUY POINT: $20.06 Volume=2.6M Target=$24 Stop=$19.38
POSITION: QVR CD - Mar. $20c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/vrsn.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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