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stock ticker, stock recommendation
Begin part 3 of 3
Good movers Tuesday: CEC; MSCC; OPTV; SNDA; STSI; XXIA
Monday night play results:
EPIC: Volume faded but it held its ground and is still ready.
IDNX: Edging higher but needs more trade.
IMGN: Volume was up as it edged higher off the 10 day EMA.
New plays for Wednesday:
Upside:
Play Date: 11/23/2004
AUDC (Audiocodes--$15.55; +0.75; optionable): Scientific and technical instruments
http://biz.yahoo.com/p/a/audc.html
STATUS: Cup w/handle. AUDC is making a strong volume breakout from its 10 month base. Volume has been strong the entire month, and after a low volume pullback this week it shot higher Tuesday. You could call this the first breakout or a successful test; it tried the breakout to start the month and failed but recovered to form this handle. Solid 10 to 7 accumulation in the pattern (10 up price weeks on rising volume to 7 down price weeks on rising volume) shows net buyers during the consolidation. Relative strength is breaking out as well, a good corroboration of the move. Looking to start a position on a further volume move.
Volume: 963.249K Avg Volume: 511.5K
BUY POINT: $15.72 Volume=600K Target=$18.85 Stop=$14.88
POSITION: QAS CC - Mar. $15c (62 delta) &/or Stock
http://www.investmenthouse.com/cd/audc.html
Play Date: 11/23/2004
CRA (Applera--$13.48; -0.14; optionable): Scientific & technical instruments
http://biz.yahoo.com/p/c/cra.html
STATUS: Cup w/handle. After a long decline, CRA is coming off of the bottom, forming the current 10 month base to set up the next move higher. Strong 11 to 6 accumulation in the base shows net buying and is setting up the breakout move. Nice low volume pullback to the 18 day EMA (13.24) is shaking out the last sellers in the base; once they are gone demand exceeds supply and the stock makes the breakout move. May take a few more sessions to complete the pattern and then make the break higher.
Volume: 287.4K Avg Volume: 317.468K
BUY POINT: $13.88 Volume=476K Target=$16.65 Stop=$13.15
POSITION: CRA CV - Mar. $12.50c (74 delta) &/or Stock
http://www.investmenthouse.com/cd/cra.html
Play Date: 11/23/2004
TYC (Tyco Intl.--$33.79; -0.20; optionable): Electronics, security, healthcare, engineered products conglomerate
http://biz.yahoo.com/p/t/tyc.html
STATUS: Breakout test. TYC surged out of a nice 17 week cup with handle base to start November. A solid base that used the 200 day SMA (30.40) as support. It rallied to 34.50 on the breakout run and has eased back to the 10 day EMA (33.74) on lower volume. Strong money flow is holding up even as the stock moves laterally on the test. Showing good strength, refusing to give back its breakout gain. The pattern is tightening up, an indication it is ready to make the next move higher.
Volume: 4.378M Avg Volume: 7.883M
BUY POINT: $34.55 Volume=10M Target=$39.78 Stop=$33.62
POSITION: TYE DX - Apr. $32.50c (74 delta) &/or Stock
http://www.investmenthouse.com/cd/tyc.html
Continuing that look ready:
Play Date: 11/16/2004
MACE (Mace Security Intl.--$5.83; +0.33; optionable): Specialty chemicals
http://biz.yahoo.com/p/m/mace.html
STATUS: Cup w/handle. Volume was up and MACE moved through the buy point, but it was fading all session and did not rally into the close. Looks very solid, and on a further move higher on continued volume we will look to move in.
Volume: 4.339M Avg Volume: 1.9M
BUY POINT: $5.82 Volume=2.8M Target=$7.08 Stop=$5.41
POSITION: QXA FA - Mar. $5c (74 delta) &/or Stock
http://www.investmenthouse.com/cd/mace.html
Play Date: 11/20/2004
MONE (Matrixone--$6.55; 0; no options): Lifecycle management solutions
http://biz.yahoo.com/p/m/mone.html
STATUS: Volume was up Tuesday as MONE moved off the 200 day SMA, a good test of the break over that level two weeks back. Surging money flow is leading the way.
Volume: 440.654K Avg Volume: 359.045K
BUY POINT: $6.82 Volume=530K Target=$8.48 Stop=$6.36
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/mone.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
QCOM: Holding the 50 day EMA on low volume, trying to set up for the next move.
SUBSCRIBER WATCHLIST
We continually receive ideas for potential plays from subscribers. Many times they are already on our watchlists, other times not. We always take a look and sometimes find a gem or two, or more. We don't necessarily endorse these, but want to provide a forum for subscribers with ideas that may appeal to other subscribers. We may just put on the ticker or we might describe our thoughts as to why or why not we think it is a buy or sell. This is a way we can all learn a bit more and maybe find a few more candidates to make us some good money.
Upside:
GLYT: Flying plateau. Volume is surging as it moves out of a 4 week plateau that formed following a 9 month flat base.
GRU: New issue in October. Broke higher mid-month, rallied to 7.50 and has moved laterally the past week on very low volume. Looking for a break over 7.50 as an entry point.
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.
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stock ticker
stock recommendation
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