|
|
us stock market, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers Tuesday: ARTC; COST; KEY; NXTP; PLMD; SGMS; SHFL; TZOO; ZQK
Monday night play results:
ADI: Was not its day, but it looks ready.
ARTC: Surging on a volume breakout.
IVAN: Continues to tighten up in a very narrow range at the 10 day EMA.
KEY: Nice breakout on volume.
XLNX: Good volume after testing the 50 day EMA on the low. Looks ready.
New Plays:
Upside:
Play Date: 10/26/2004
AMXC (AMX Corp.--$20.58; +1.64; optionable): Automation, integration of incompatible audio/video, environmental and communications
http://biz.yahoo.com/p/a/amxc.html
STATUS: Breakout. AMXC made us some solid money in its July to September breakout and rally. It slipped into the current 6 week base formed over the 18 day EMA (18.74), working laterally on lower volume. After a very tight lateral move AMXC blasted higher Tuesday on a tremendous volume surge. Looks as if this is the start of the next leg higher.
Earnings: 10-28 before the open.
Volume: 751.951K Avg Volume: 233.409K
BUY POINT: $20.78 Volume=250K Target=$24.95 Stop=$19.97
POSITION: AQP CD - Mar. $20c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/amxc.html
Play Date: 10/26/2004
CLE (Claires Stores--$25.57; +0.65; optionable): Apparel stores
http://biz.yahoo.com/p/c/cle.html
STATUS: Test breakout. CLE broke out from a 9 month cup with handle base in mid-August. After that move it has worked laterally between 24 and 26, consolidating the breakout over the last 10 weeks. Volume shot higher Tuesday as CLE moved off the 50 day EMA (24.55). Strong money flow is leading the stock higher and relative strength is making the breakout, a strong indication that CLE will follow it higher.
Volume: 915.3K Avg Volume: 579.17K
BUY POINT: $25.89 Volume=650K Target=$31 Stop=$24.52
POSITION: CLE BE - Feb. $25c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/cle.html
Play Date: 10/26/2004
HAE (Haemonetics--$33.06; +1.06; optionable): Medical instruments
http://biz.yahoo.com/p/h/hae.html
STATUS: Test breakout. HAE broke out from a 20 week double bottom with handle base in mid-August. It has rallied up the 50 day EMA (31.58) since, making periodic tests of that level. This month it has worked laterally over the 50 day on very low volume. Volume surged this week back above average, with price surging higher Tuesday. Ready to breakout from this range with solid money flow and relative strength breaking higher as well. Strong 9 to 5 accumulation in the base has set up the foundation for a further move higher.
Volume: 146.1K Avg Volume: 126.516K
BUY POINT: $33.32 Volume=190K Target=$39 Stop=$32.12
POSITION: HAE CF - Mar. $30c (80 delta) &/or Stock
http://www.investmenthouse.com/ci/hae.html
Play Date: 10/26/2004
KLIC (Kulicke & Soffa--$6.81; -0.14; optionable): Chip equipment
http://biz.yahoo.com/p/k/klic.html
STATUS: Test 50 day EMA. After a long downtrend KLIC has worked laterally this month on low volume, then breaking over the 50 day EMA (6.41) as the chips surged last week. it has made a low volume test of that move, and now we are looking for a rebound off of that level to move in for a run up toward the 200 day SMA (9.80).
Volume: 854.894K Avg Volume: 1.226M
BUY POINT: $7.04 Volume=1.4M Target=$9.12 Stop=$6.57
POSITION: KQS AA - Jan. $5c (96 delta) &/or Stock
http://www.investmenthouse.com/ci/klic.html
Play Date: 10/26/2004
VIP (Vimple Communication--$108.72; +2.65; optionable): Russian wireless telecom
http://biz.yahoo.com/p/v/vip.html
STATUS: Test breakout. VIP surged to end September, stalling at 115 when the market ran out of gas. It has made a lower volume and orderly test of the 50 day EMA (104), moving laterally over that level the past week. A very nice test with strong money flow and solid accumulation in the prior 25 week base. Looking for volume to surge as it moves through the buy point.
Volume: 278.2K Avg Volume: 427.67K
BUY POINT: $110.12 Volume=500K Target=$120 Stop=$108.22
POSITION: VIP AB - Jan. $110c (50 delta)
http://www.investmenthouse.com/ci/vip.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.
|
us stock market
stock recommendation
|
