|
|
stock trading site, stock trading information
Begin part 3 of 3
THE PLAYS
Good movers Wednesday: ARTI; CAND; CDIS; CREE; DHR; KRY; LIFC; RIMM; SNDA; TZOO; VLO; WMB
Tuesday night play results:
LIFC: Super breakout on strong breakout.
VION: Still forming a nice new handle on low, below average volume.
WMB: Volume explodes as WMB starts back up.
New Plays:
Upside:
Play Date: 10/20/2004
AGYS (Agilsys--$16.94; +0.34; optionable): Wholesale electronics
http://biz.yahoo.com/p/a/agys.html
After Hours: $16.96
STATUS: 50 day EMA test. Volume surged Wednesday as AGYS jumped off of the 50 day EMA (16.02). This test follows the late August breakout from a 6 month flat base and run up the 18 day EMA (16.80). After that run it needed a breather, and strong stocks will come back and test the 50 day and then resume the move on strong trade. That is what AGYS is doing: low volume pullback to test the 50 day EMA this month and now starting back up on volume, showing the short term sellers are out and the longer term buyers are moving back in. We want them to carry us higher with them. Money flow has turned back up ahead of price and relative strength is moving for the next breakout.
Volume: 483.975K Avg Volume: 289.681K
BUY POINT: $17.12 Volume=400K Target=$20.49 Stop=$16.65
POSITION: OQJ AW - Jan. $17.50c (46 delta) &/or Stock
http://www.investmenthouse.com/ci/agys.html
Play Date: 10/20/2004
MDCC (Molecular Devices--$24.68; -0.05; optionable): Scientific & technical instruments
http://biz.yahoo.com/p/m/mdcc.html
STATUS: Reverse head and shoulders. AGYS has set up the current 9 week base over the 50 day EMA (22.99), moving laterally on low volume until this week when volume surged and MDCC moved toward a breakout. This base follows a nice 7 month cup with handle breakout in August. This short consolidation is setting up the next run higher in the breakout move. Outstanding 4 to 0 accumulation in the current base shows all buyers as it took a breather. Money flow is solid and relative strength is ready to make the breakout with the stock.
Volume: 350.501K Avg Volume: 237.909K
BUY POINT: $25.02 Volume=357K Target=$25.45 Stop=$23.98
POSITION: MCQ AE - Jan. $25c (50 delta) &/or Stock
http://www.investmenthouse.com/ci/mdcc.html
Play Date: 10/20/2004
MHR (Magnum Hunter Res.--$12.4; +0.43; optionable): Oil and gas exploration
http://biz.yahoo.com/p/m/mhr.html
STATUS: Breakout test. MHR gapped out of a 5.5 month base two weeks back, exploding higher on strong volume. It has since pulled back on lower volume, filling the gap and holding support and the breakout at the 18 day EMA (12.08). As with many oil and gas stocks it sold back this month, but MHR was under control as it did. Nice money flow and still solid relative strength. Started back up on Wednesday on very strong volume, and looking to move in on a further rebound on volume.
Volume: 1.63M Avg Volume: 798.636K
BUY POINT: $12.62 Volume=1.2M Target=$15 Stop=$12.05
POSITION: MHR CV - Mar. $12.50c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/mhr.html
Play Date: 10/20/2004
PLAB (Photronics--$17.48; +0.62; optionable): Chip equipment
http://biz.yahoo.com/p/p/plab.html
After Hours: $17.40
STATUS: Test 200 day SMA. PLAB is not near a high, but it is well off of the low of its year long base, having rallied off of the August low with the market. The stock exploded higher and through the 200 day SMA (17) earlier this month on news of an acquisition in its sector. It has filled the gap, held, and now is starting back up on very strong, above average volume following a very low volume pullback. Money flow is surging higher ahead of price, and we are looking for the stock to follow it higher for a nice rally.
Volume: 949.807K Avg Volume: 569.727K
BUY POINT: $18.05 Volume=750K Target=$22 Stop=$16.99
POSITION: PQF CW - Mar. $17.50c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/plab.html
Play Date: 10/20/2004
SMH (Semiconductor Holders Trust--$31.05; +0.65; optionable)
http://biz.yahoo.com/p/s/smh.html
After Hours: $31.34
STATUS: Flat base. SMH has moved laterally the past 6 weeks in a trading range between 29.50 and 32. Volume has surged the past two sessions as SMH moved off the bottom of the range, clearing the 50 day EMA (30.94) on the Wednesday close. Volume was tremendous Wednesday. Looking to start positions on a further volume move, anticipating a breakout from the range this time around. Playing options on this one and looking for a 65%ish gain.
Volume: 42.525M Avg Volume: 23.77M
BUY POINT: $31.21 Volume=28M Target=$34 Stop=$30.88
POSITION: SMH AF - Jan. $30c (69 delta)
http://www.investmenthouse.com/ci/smh.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.
|
stock trading site
stock trading information
|
