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stock ticker, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers Monday: BYD; CYTC; DRIV; IDNX; LTD; QCOM; SAY; SBAC; SNDA; UPCS
Weekend play results:
ODFL: Gapped higher but could not hold the move though volume remained solid.
SAY: Nice volume as SAY continued the move off the 10 day EMA.
TEO: Ready for the breakout.
TV: Volume jumped at the 18 day EMA. May be ready.
New plays for Monday:
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/cd/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/cd/pkd.html
Play Date: 10/18/2004
TTH (Telecom Holders Trust--$29.70; +0.11; optionable)
http://biz.yahoo.com/p/t/tth.html
STATUS: Breakout test. TTH has come back to the 18 day EMA (29.42), testing the breakout from a 9 month cup with handle base. Strong 9 to 5 accumulation in the pattern; telecoms have shown some leadership characteristics and this is a good way to get in on the group move. Nice volume Friday as TTH held the 18 day, but volume dried up almost completely Monday. Looking for volume to return as it continues the rebound off the 18 day.
Volume: 36.3K Avg Volume: 275K
BUY POINT: $30.05 Volume=400K Target=$34.55 Stop=$29.37
POSITION: TTH BG - Feb. $30c (49 delta)
http://www.investmenthouse.com/cd/tth.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, GTRC, HDWR, JNPR, MSFT, QCOM
EBAY: Setting up for the next break higher. Want to see a move over 96 on 12 million shares or better.
MSFT: Moving up for a breakout from the handle with a move over 28.75. Needs more volume.
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:
LMRA: Strong volume as LMRA continued the move off of the 50 day EMA test.
NXTP: Trying to make the breakout from the nice 16 week base.
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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stock ticker
stock recommendation
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