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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers Tuesday: DGX; FSL (starting the move); INFY; KLIC; MRVL; OPTV; STGS
New Plays:
Upside:
Play Date: 11/30/2004
ATVI (Activision--$15.72; -0.17; optionable): Multimedia & Graphics software
http://biz.yahoo.com/p/a/atvi.html
STATUS: Cup w/handle. Nice pullback the past two weeks during the market consolidation, forming the handle to its 8 month base. Excellent 11 to 6 accumulation in the base shows net buyers and is setting up the breakout and run higher. Formed using the 200 day SMA (14.66) as support (more or less), a point where the big money steps in. Setting up for a breakout and run to a new all-time high where there is no resistance. A very good base after its split in March, letting it regroup and set up for another market leading run.
Volume: 1.473M Avg Volume: 2.01M
BUY POINT: $16.21 Volume=3M Target=$19.45 Stop=$15.54
POSITION: AQV BC - Feb. $15c (67 delta) &/or Stock
http://www.investmenthouse.com/ci/atvi.html
Play Date: 11/30/2004
CMTL (Comtech Telecom--$31.48; +1.36; optionable): Telecom equipment.
http://biz.yahoo.com/p/c/cmtl.html
STATUS: Double bottom w/handle. Taking another look at CMTL as it has formed a double handle to its 11 month base. Strong 10 to 6 accumulation shows solid buying, and volume surged Tuesday as it started the breakout move. Very nice pattern with money flow surging ahead, clearing the way.
Volume: 447.438K Avg Volume: 267.921K
BUY POINT: $31.68 Volume=402K Target=$37.85 Stop=$29.65
POSITION: CQH DF - Apr. $30c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/cmtl.html
Play Date: 11/30/2004
SLR (Solectron--$6.25; +0.21; optionable): Printed circuit boards
http://biz.yahoo.com/p/s/slr.html
STATUS: Double bottom w/handle. SLR surged higher two weeks back, but that was a head fake. It came back with the market selling to test the 18 day EMA (5.84) and then bounced back. Volume jumped the past two sessions, as it cleared the highs from two weeks back. Solid 7 to 4 accumulation in the pattern shows net buyers and has set the foundation for the breakout and run. Money flow is surging higher ahead of price, leading the way.
Volume: 8.337M Avg Volume: 4.377M
BUY POINT: $6.32 Volume=550K Target=$7.62 Stop=$5.92
POSITION: SLR DA - Apr. $5c (93 delta) &/or Stock
http://www.investmenthouse.com/ci/slr.html
Play Date: 11/30/2004
STK (Storage Technology--$29.14; +0.44; optionable): PC data storage
http://biz.yahoo.com/p/s/stk.html
STATUS: Double bottom w/handle. Volume was up Tuesday as STK tapped the 18 day EMA (28.35) on the low and rebounded to post a nice gain. It is ready for the breakout from its 11 month base sporting excellent 12 to 5 accumulation. Money flow is strong and moving higher ahead of price. Looking for the stock to make the breakout and follow it to a new multiyear high.
Volume: 1.111M Avg Volume: 937.476K
BUY POINT: $29.32 Volume=1.4M Target=$34.89 Stop=$28.11
POSITION: STK CF - Mar. $30c (43 delta) &/or Stock
http://www.investmenthouse.com/ci/stk.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 split
stock recommendation
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