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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers Monday: FFIV; DHB; INTL; KLIC; JLG; LCAV; LTD; MSCC; SIMG; SYMM
Weekend play results:
INTL: Excellent volume as it broke higher.
MRVL: Took a lower volume breather, testing support and holding
NANO: Strong volume break higher.
SSNC: Held steady on continued below average volume.
New Plays:
Upside:
Play Date: 11/15/2004
DRIV (Digital River--$37.56; -1.14; optionable): Internet software & services
http://biz.yahoo.com/p/d/driv.html
STATUS: Test breakout. DRIV shot higher Friday on huge volume, breaking higher after the first test of the breakout from its 15 week cup with handle base. Strong 8 to 3 accumulation in the base shows a lot of buyers and set up the breakout. It surged, tested back into early November, and then started back up last week. Relative strength broke out on the move and money flow is surging. It is testing that Friday move and may come back to 36 to continue the test. Want to see it bounce from there on returning volume.
Volume: 1.819M Avg Volume: 890K
BUY POINT: $36.45 Volume=1.3M Target=$44 Stop=$35.05
POSITION: DQI CH - Mar. $40c (53 delta) or DQI CG - Mar. $35c (68 delta) &/or Stock
http://www.investmenthouse.com/ci/driv.html
Play Date: 11/15/2004
ENER (Energy Conversion Devices--$18.89; +0.94; optionable): Alternative energy research
http://biz.yahoo.com/p/e/ener.html
STATUS: Breakout test. ENER broke out from a 12 month base in early October, surging to 20 on strong trade. It has spent the past 4 weeks testing the move, holding the 18 day EMA (17.93) as it does, a typical support level for a breakout test. Strong money flow is leading the way, and volume jumped Monday as it started off the 18 day. Looks ready to continue the breakout move.
Volume: 402.463K Avg Volume: 266.681K
BUY POINT: $19.12 Volume=400K Target=$23 Stop=$17.98
POSITION: EQI CD - Mar. $20c (48 delta) &/or Stock
http://www.investmenthouse.com/ci/ener.html
Play Date: 11/15/2004
QSFT (Quest Software--$15.95; +0.02; optionable): Business software
http://biz.yahoo.com/p/q/qsft.html
STATUS: Cup w/handle. QSFT blasted higher Thursday on strong volume, breaking out from a 29 week base. Excellent 10 to 4 accumulation in the pattern setting up the base and showing a lot of buyers. Software remains strong. QSFT may come back to fully test the 10 day EMA (15.30), but we want to be ready if it starts from here. It has moved laterally for two sessions, refusing to give back the gains. When a stock is stingy with its gains that is a sign of strength.
Volume: 480.987K Avg Volume: 938.863K
BUY POINT: $16.15 Volume=1.2M Target=$19.32 Stop=$15.25
POSITION: QUD DC - Apr. $15c (66 delta) &/or Stock
http://www.investmenthouse.com/ci/qsft.html
Downside:
Play Date: 11/15/2004
AVP (Avon Products--$39.2; -0.55; optionable): Make-up, etc.
http://biz.yahoo.com/p/a/avp.html
STATUS: Put. AVP crashed through the 200 day SMA (41.14) to end September in a strong dive lower. It has made a low volume rebound the past two weeks, tapping the 18 day EMA (39.91) on the rebound and then rolling over Monday on rising, average volume. Money flow is in the tank and the stock remains under distribution. Ready to fall further and give us a 50%ish move down to the target.
Volume: 3.339M Avg Volume: 3.34M
BUY POINT: $38.95 Volume=3.8M Target=$36.92 Stop=$39.72
POSITION: AVP MH - Jan. $40p (-55 delta)
http://www.investmenthouse.com/ci/avp.html
Continuing play that is ready to move:
Play Date: 11/06/2004
PLMO (Palmone--$35.59; -0.71; optionable): Handheld computers
http://biz.yahoo.com/p/p/plmo.html
STATUS: Cup w/handle. PLMO is forming a handle to its 14 week base. It surged higher the past week and is now giving back small parts of the gain on low, below. After it makes the test of 35ish over the next two to three sessions it should be ready to resume. We look for a strong break through the recent high to enter new positions.
Volume: 2.254M Avg Volume: 4.004M
BUY POINT: $36.88 Volume=4.8M Target=$41.22 Stop=$34.98
POSITION: UPH BG - Feb. $35c (62 delta) &/or Stock
http://www.investmenthouse.com/ci/plmo.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 investment information
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