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stock recommendation, stock pick
Begin part 3 of 3
THE PLAYS
Good movers Monday: AIRN; CREE; JUPM; KMRT; QCOM; RIMM; UPCS; SNDA
Weekend play results:
CDIS: Holding the 18 day EMA on the breakout test.
CREE: Continuing the move off the 50 day EMA.
NEW: Still testing the 50 day EMA on very low volume.
RSTI: Still working on the test.
TEO: Ready for the breakout.
TV: Volume jumped at the 18 day EMA. May be ready.
New Plays:
Upside:
Play Date: 10/18/2004
JLG (JLG Industries--$16.45; +0.28; no options): Farm and construction machinery
http://biz.yahoo.com/p/j/jlg.html
STATUS: Breakout test. One of the early movers in September, surging higher toward the end of the month as it broke out from a 7.5 month base. The last 5 month of the base formed a nice double bottom with handle sporting positive 7 to 5 accumulation (7 up price weeks on rising volume to 5 down price weeks on rising volume). That shows net buyers of the stock during the base. It has come back on lower volume to make this test with volume rallying Friday and Monday as it moved up off of the 18 day EMA (16.20). Money flow is shooting higher ahead of price. Looking for a continued bounce higher on solid volume to move in. The first breakout test is one of our favorite entry points.
Volume: 470.2K Avg Volume: 300.909K
BUY POINT: $16.62 Volume=350K Target=$20 Stop=$15.89
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/jlg.html
Play Date: 10/18/2004
PKD (Parker Drilling--$3.96; +0.15; optionable): Oil and gas drilling & exploration
http://biz.yahoo.com/p/p/pkd.html
After Hours: $4.05
STATUS: Double bottom w/handle. Volume surged Monday as PKD started the breakout move, rallying out of the handle to its 7.5 month base. We like the way PKD went about its business during the recent selling in the oil stocks. It is now reaping the benefit, starting the breakout. Money flow is surging higher ahead or price. Looking for PKD to continue the move and follow the money.
Volume: 570.1K Avg Volume: 279.5K
BUY POINT: $4.05 Volume=300K Target=$4.92 Stop=$3.77
POSITION: PKD AZ - Jan. $2.50c (90 delta) &/or Stock
http://www.investmenthouse.com/ci/pkd.html
Play Date: 10/18/2004
PLT (Plantronics--$46.26; +1.25; optionable): Telecom headsets, etc.
http://biz.yahoo.com/p/p/plt.html
STATUS: Breakout test. Nice breakout to end September, moving out of a 30 week cup with handle base sporting strong 9 to 6 accumulation. Money flow is rallying sharply higher ahead of price and relative strength is ready to make the breakout, a strong corroboration of the move. Volume surged on the breakout and eased as it made this test. It then jumped back up Monday as PLT resumed the move. Looking to pick up positions on a further rebound.
Volume: 503.6K Avg Volume: 424.181K
BUY POINT: $46.72 Volume=500K Target=$53.75 Stop=$45.45
POSITION: PLT BI - Feb. $45c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/plt.html
Play Date: 10/18/2004
VTIV (Ventiv Health--$17.95; +1.10; optionable): Outsourced sales and marketing for pharma, biotech & life sciences.
http://biz.yahoo.com/p/v/vtiv.html
STATUS: Double bottom w/handle breakout. Volume jumped Monday as VTIV started the breakout move from its nicely formed 17 week double bottom with handle base. Relative strength is starting the breakout as well, a good confirmation of the move. Looking to start a position on a further upside move on volume, and then look to complete the position on the first test of the breakout.
Volume: 456.811K Avg Volume: 238.318K
BUY POINT: $18.12 Volume=357K Target=$21.75 Stop=$16.98
POSITION: QBP AW - Jan. $17.50c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/vtiv.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 pick
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