|
|
stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers Monday: APCS; DHB; HAE; LCAV; NFLD; MSCC; RMBS; WIND (like the reversal)
Weekend play results:
MONE: Nice reach down to the 200 day SMA and recovery.
NFLD: Strong surge off of the 18 day EMA.
SLR: Making the full test of the 10 day EMA.
MRVC: Very nice, tight doji at the 10 day EMA.
XXIA: Volume was up well above average as it tests the 18 day.
New plays for Tuesday:
Upside:
Play Date: 11/22/2004
EPIC (Epicor Software--$15.5; +0.57; optionable): Application software
http://biz.yahoo.com/p/e/epic.html
STATUS: Cup w/handle. Volume surged above average Monday as EPIC continued the move off of its 50 day EMA (14.27), an important support level that acted as support for the handle to its 10 month base. This base is forming near a multiyear high, a level that, once it breaks out, offers no upside resistance. Strong 9 to 6 accumulation in the base shows net buying, setting up the breakout and run to come. Money flow is running higher ahead of the price even as it pulls back, a very good divergence. Looks ready; want to see another strong volume session as it moves through the buy point.
Volume: 953.725K Avg Volume: 535.59K
BUY POINT: $15.88 Volume=775K Target=$19 Stop=$15.05
POSITION: EUE CC - Mar. $15c (62 delta) &/or Stock
http://www.investmenthouse.com/cd/epic.html
Play Date: 11/22/2004
IDNX (Identix--$7.97; +0.36; optionable): Business software
http://biz.yahoo.com/p/i/idnx.html
STATUS: Reverse head and shoulders. Volume jumped Monday as IDNX started off the 18 day EMA (7.49), getting ready to make the breakout from its 7.5 month base. IDNX is in a long 4 year base, but this pattern often forms as a stock comes off of the bottom of the base. Strong 9 to 4 accumulation suggests it is ready to move as it shows strong buying during the base. Money flow is excellent, leading higher as the stock finished the base. Ready for the breakout.
Volume: 3.044M Avg Volume: 1.084M
BUY POINT: $8.11 Volume=1.5M Target=$9.95 Stop=$7.57
POSITION: IDX CU - Mar. $7.50c (65 delta) &/or Stock
http://www.investmenthouse.com/cd/idnx.html
Play Date: 11/22/2004
IMGN (Immunogen--$6.96; +0.11; optionable): Drugs
http://biz.yahoo.com/p/i/imgn.html
STATUS: Cup w/handle. IMGN has moved laterally the past two weeks, holding over the 10 day EMA (6.73) as volume falls below average. That shows very few buyers as it moves sideways, consolidating the break over the 200 day SMA (6.31) as it works on a handle to its 7 month base. Solid 6 to 4 accumulation shows net buying during the base. Just waiting for volume to rally as it makes the move through the breakout.
Volume: 152.609K Avg Volume: 168.181K
BUY POINT: $7.28 Volume=252K Target=$8.94 Stop=$7.11
POSITION: GMU DU - Apr. $7.50c (48 delta) &/or Stock
http://www.investmenthouse.com/cd/imgn.html
SUBSCRIBER PORTFOLIO: These are stocks subscribers suggest by vote that we put in a portfolio to track and move into the stocks if they perform well. If you have any suggestions for additions or deletions, email us. We don't cover them all each report, just when something interesting is developing.
BR, COH, EASI, EBAY, GTRC, HDWR, JNPR, MSFT, QCOM
EASI: Still working on trying to form a handle to the 20 week cup base.
GTRC: Nice recovery from the late October selling and is making a higher low here at the 18 day EMA..
JNPR: Reached down to the 18 day EMA on the low and rebounded. Looks ready.
Good Investing!
Jon L. Johnson and The Daily Staff
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 of 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 recommendation
stock investment information
|
