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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers Thursday: ATVI; EBAY; HLEX; INOD; KLIC; MINE; MRVL; OPWV; PIXR
New Plays:
Upside:
Play Date: 12/02/2004
LMRA (Lumera--$8.02; -0.11; no options): Nanotechnology applications for wireless and optical communications networks
http://biz.yahoo.com/p/l/lmra.html
STATUS: Double bottom w/handle. A new issue in July LMRA rallied to 9 in the start of November and then slipped into the current 5 week base. It has held above the 50 day EMA (7.30) during the consolidation as volume went dormant. Good sign of accumulation versus selling. Accumulation is positive at 2 to 1. Volume spiked Monday and then backed off as it moved laterally. Getting ready for the next move.
Volume: 94.598K Avg Volume: 156.859K
BUY POINT: $8.48 Volume=235K Target=$10.22 Stop=$7.89
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/lmra.html
Play Date: 12/02/2004
MTSN (Mattson Technology--$10.80; +0.66; optionable): Chip equipment
http://biz.yahoo.com/p/m/mtsn.html
STATUS: Cup. Working on a 13 month base, starting to rally and form the right side of the pattern. It surged through the 200 day SMA (9.64) Wednesday and continued the move on very strong traded Thursday. Excellent 13 to 7 accumulation already at this stage of the base before it really starts to rally; that shows a lot of quiet buying during the long base. Money flow is also strong, surging higher ahead of price. Looking to pick up positions as it continues the move Friday after the solid Intel news. We will then look at more positions on a test of the move.
Volume: 927.968K Avg Volume: 385.363K
BUY POINT: $10.95 Volume=500K Target=$13.55 Stop=$10.32
POSITION: QQM DB - Apr. $10c (69 delta) &/or Stock
http://www.investmenthouse.com/ci/mtsn.html
Play Date: 12/02/2004
PLCE (Childrens Place--$33.24; +1.76; optionable): Children's apparel stores
http://biz.yahoo.com/p/p/plce.html
STATUS: Cup w/handle. PLCE enjoyed good retail sales numbers reported Thursday, and it surged off the 18 day EMA (31.58), the support level that held as the stock formed the 3 week handle to its 8.5 month base. Strong 12 to 6 accumulation in the base shows net buyers and sets up the breakout and run. PLCE was moving toward the breakout Thursday, and looks ready to continue the move as it follows some strong money flow.
Volume: 1.441M Avg Volume: 650.227K
BUY POINT: $33.95 Volume=975K Target=$40 Stop=$32.75
POSITION: TUY CF - Mar. $30c (76 delta) &/or Stock
http://www.investmenthouse.com/ci/plce.html
Play Date: 12/02/2004
WMS (Williams Industries--$30.36; -0.09; optionable): Gaming machines and video lottery terminals
http://biz.yahoo.com/p/w/wms.html
STATUS: Reverse head and shoulders. Nice 8 month pattern has formed and now WMS is moving up toward the neckline and the breakout point. This is an accumulation pattern and there is strong 10 to 5 accumulation as buyers outnumber sellers two to one as the stock consolidated. Strong money flow is moving higher ahead of price. Has the attributes, now just needs to show some volume on the breakout. Volume has really tailed off the past week; it will need strong trade on the breakout move to hold the break higher. Nice pattern.
Volume: 163.8K Avg Volume: 629.935K
BUY POINT: $31.28 Volume=945K Target=$37 Stop=$29.68
POSITION: WMS DF - Apr. $30c (59 delta) &/or Stock
http://www.investmenthouse.com/ci/wms.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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trade stock
stock recommendation
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