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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers Wednesday: ARTI; ATYT; CREE; DHR; ECIL; GPN; FSL; HYSL; KLIC; KMRT; SIMG; SMH; XLNX
Tuesday night play results:
ECIL: Nice surge on strong volume.
EYET: Eased back from the breakout on lower volume. Still solid.
MEDX: Surged on strong volume but gave back much of the move.
NTGR: Gapped higher and ran but then came back. We decided to wait.
New Plays:
Upside:
Play Date: 11/17/2004
ATSN (Artesyn Technologies--$9.95; +0.32; optionable): Electronics
http://biz.yahoo.com/p/a/atsn.html
STATUS: Double bottom w/handle. Volume was up Wednesday as ATSN moved to the top of its 9 week handle attached to a 10 month base. Strong 10 to 4 accumulation shows solid net buying during the base, setting up the breakout. Strong money flow is surging higher ahead of price, leading the way. Looks ready and does not even have to get out of the base to make us a nice return. If it continues on past the target we will let it.
Volume: 577.973K Avg Volume: 342.818K
BUY POINT: $10.25 Volume=543K Target=$12.25 Stop=$9.68
POSITION: UAT BB - Feb. $10c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/atsn.html
Play Date: 11/17/2004
MTX (Minerals Technologies--$62.87; +1.27; optionable): Synthetic chemicals
http://biz.yahoo.com/p/m/mtx.html
STATUS: Breakout test. MTX broke out of a 10 month ascending triangle to start the month, rallied, and has come back to test the breakout, holding at the 10 day EMA (61.92) on the test. This is a typical support level on a breakout test. Wednesday volume surged as MTX renewed the breakout run. The first test of the breakout is one of our favorite entry points, and with the volume jumping this test looks successful.
Volume: 202.6K Avg Volume: 94.332K
BUY POINT: $63.25 Volume=140K Target=$69 Stop=$61.79
POSITION: MTX AL - Jan. $60c (83 delta) or MTX DM - Apr. $65c (44 delta)
http://www.investmenthouse.com/ci/mtx.html
Play Date: 11/17/2004
SSYS (Stratasys--$33.76; +1.07; optionable): 3D printers
http://biz.yahoo.com/p/s/ssys.html
STATUS: Cup w/handle. Volume surged Wednesday as SSYS started the breakout from a 14 month base sporting strong 15 to 8 accumulation. Good buying in the base, setting up the foundation for the breakout. Just looking for volume to continue as it continues the move and comes closer to an all-time high.
Volume: 792.036K Avg Volume: 156.272K
BUY POINT: $33.96 Volume=234K Target=$39.95 Stop=$32.08
POSITION: QQG CG - Mar. $35c (50 delta) &/or Stock
http://www.investmenthouse.com/ci/ssys.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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