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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers Wednesday: CME; DRIV; HYSL; KLIC; KOMG; NCR; PIXR; SIMG; SLR; STK; VRSN; ZQK
New Plays:
Upside:
Play Date: 12/01/2004
^SOXX (Philly Semiconductor Index--$440.09; +16.22; optionable)
http://biz.yahoo.com/p/^/^soxx.html
STATUS: Cup. Working on building the right side of its 11 month base, breaking back over the 200 day SMA (438.26) Wednesday, holding the move into the close. Still has to clear the mid-November high (445.94). Not going to let that stop us; another solid move higher and we are going to take some positions on this second break back over the 200 day.
BUY POINT: $440.45 Volume=0 Target=$485 Stop=$437.88
POSITION: SXX AJ - Jan. $450c (47 delta)
http://www.investmenthouse.com/ci/^soxx.html
Play Date: 12/01/2004
ACXM (Acxicom--$25.89; +0.60; optionable): ITS software
http://biz.yahoo.com/p/a/acxm.html
STATUS: Breakout test. ACXM shook us out, but it has held and is rebounding on strong volume. Nicely formed 7 month reverse head and shoulders sporting strong 6 to 2 accumulation set the stage for the breakout. On this test it has held the tops of the base and Wednesday was rallying on strong, above average volume. Looks ready to follow the money flow back up.
Volume: 825.096K Avg Volume: 509K
BUY POINT: $26.25 Volume=764K Target=$31.48 Stop=$25.72
POSITION: UQA BE - Feb. $25c (70 delta) &/or Stock
http://www.investmenthouse.com/ci/acxm.html
Play Date: 12/01/2004
BEV (Beverly Enterprises--$9.15; +0.48; optionable): Long-term care
http://biz.yahoo.com/p/b/bev.html
STATUS: Cup w/handle breakout. Volume jumped Wednesday as BEV made the breakout from the handle of its 24 week base that roughly used the 200 day SMA (7.62) as support, a key institutional support level. Outstanding 9 to 1 accumulation in the base shows a lot of buying, setting up the breakout. Ready to get in on a continued move higher on this breakout.
Volume: 2.407M Avg Volume: 1.024M
BUY POINT: $9.25 Volume=110K Target=$11.15 Stop=$18.63
POSITION: BEV DU - Apr. $7.50c (88 delta) or BEV DB - Apr. $10c (37 delta) &/or Stock
http://www.investmenthouse.com/ci/bev.html
Play Date: 12/01/2004
IDXC (IDX Systems--$35.79; +0.67; optionable): Healthcare information software
http://biz.yahoo.com/p/i/idxc.html
STATUS: Breakout test. Volume was up Wednesday as IDXC bounced back off the 50 day EMA (33.79) after fading following the mid-November breakout from a 9 month base. Excellent 11 to 3 accumulation in the pattern shows a lot of buying as the stock consolidated. Money flow remains strong, moving higher ahead of price. It dumped back from the November breakout, but it held the 50 day and now looks ready to continue the break higher.
Volume: 206.448K Avg Volume: 101.749K
BUY POINT: $36.06 Volume=130K Target=$42 Stop=$34.77
POSITION: XQW BG - Feb. $35c (62 delta) &/or Stock
http://www.investmenthouse.com/ci/idxc.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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