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stock recommendation, stock option
Begin part 3 of 3
THE PLAYS
Good movers Tuesday: DHB; SYMM; VRSN
Monday night play results:
DRIV: Rallied higher but could not take out the Friday high on lower volume. Still looking for a test.
ENER: Looked ready early to continue the move, but volume faded. Still solid.
QSFT: Making the low volume pullback to test.
AVP: Modest gain but stalled at the 10 day EMA.
PLMO: Looks very ready to make the new breakout.
New Plays:
Upside:
Play Date: 11/16/2004
ECIL (ECI Telecom--$7.95; -0.01; no options): Telecom processing systems
http://biz.yahoo.com/p/e/ecil.html
STATUS: Breakout test. ECIL surged to start the month, rallying on a nice surge in above average volume. This move broke it past resistance in its 10 month base. It is now coming back to test the move, landing at the 10 day EMA (7.79) Tuesday and bouncing. Excellent money flow is leading the way higher. Solid 10 to 8 accumulation in the base shows net buyers. Looking ofr volume to remains solid as it moves through the buy point.
Volume: 705.572K Avg Volume: 311.636K
BUY POINT: $8.25 Volume=850K Target=$9.95 Stop=$7.77
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/ecil.html
Play Date: 11/16/2004
EYET (Eyetech Pharmaceuticals--$45.64; +2.80; optionable): Biotechnology
http://biz.yahoo.com/p/e/eyet.html
STATUS: Cup w/handle. A new issue in January, the current 5 month pattern is EYET's first base. For new issues this is our favorite spot to enter as it has shaken out all of the original buyers looking for a quick pop and exit. Outstanding accumulation in the base at 7 up price weeks on rising volume to 1 down price week on rising volume shows a lot of buying during the base. In addition, money flow is surging higher ahead of price. Tuesday EYET broke out on strong volume. Looking to move in as it continues the breakout move and then we will look at more positions on a test.
Volume: 1.777M Avg Volume: 1.054M
BUY POINT: $45.88 Volume=1.6M Target=$54 Stop=$43.97
POSITION: QUJ CI - Mar. $45c (59 delta) &/or Stock
http://www.investmenthouse.com/ci/eyet.html
Play Date: 11/16/2004
MEDX (Medarex--$10.10; +0.59; optionable): Biotechnology
http://biz.yahoo.com/p/m/medx.html
STATUS: Cup w/handle. Volume jumped as MEDX started its breakout Tuesday, breaking out of a 7 month base sporting excellent 8 to 3 accumulation; lots of buyers. Strong money flow as well is surging higher ahead of price. Very nice break higher out of the second base formed off the bottom of MEDX' long decline. That leaves it plenty of upside.
Volume: 4.731M Avg Volume: 1.192M
BUY POINT: $10.24 Volume=1.5M Target=$12.35 Stop=$9.62
POSITION: MWM BB - Feb. $10c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/medx.html
Play Date: 11/16/2004
NTGR (Netgear--$15.98; +0.76; optionable): Wireless networking/communication equipment
http://biz.yahoo.com/p/n/ntgr.html
STATUS: Cup. This is a more aggressive play. NTGR is building the right side of a 10 month cup base, surging the past two sessions off the 50 day/200 day MA convergence (13.33, 12.83) as volume shoots higher. Accumulation is a strong 10 to 4, already a good showing of buyers at this stage. We are looking at an aggressive play as it continues higher, taking a partial position (half) as it moves through the buy point on continued solid trade. Then we will look for a test of the move to hold & resume with a bounce to add more positions. That way we are averaging up into a proven winner. Money flow is screaming higher ahead of price, leading the way.
Volume: 2.067M Avg Volume: 727.227K
BUY POINT: $16.15 Volume=1.2M Target=$19.75 Stop=$15.24
POSITION: TUD CC - Mar. $15c (68 delta) &/or Stock
http://www.investmenthouse.com/ci/ntgr.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 option
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