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us stock market, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers Monday: CREE, HAE, KOMG, SNDA; CME; EMR; ISON; MIP
Weekend play results:
BEAV: Faded to the 18 day EMA but on low volume. Still in the pattern.
GPN: Very nice doji on the 18 day EMA. Getting ready.
LFUS: And another nice doji on the 18 day EMA.
OPTN: Jumped higher but could not hold the move.
SRNA: Took a lower volume breather after the strong Friday move.
New Plays:
Play Date: 12/06/2004
ECL (Ecolab--$35.08; -0.09; optionable): Cleaning, sanitizing, pest elimination, etc. for hospitality, food service, institutional markets. Pizza anyone?
http://biz.yahoo.com/p/e/ecl.html
STATUS: Flying plateau. ECL continues to move laterally over the 18 day EMA (34.82) as the range narrows on low, below average volume. This formation follows the October breakout from a cup with handle base. Strong pattern because it shows the stock is unwilling to give up the gains. Good 2 to 0 accumulation in the plateau as money flow moves higher. Strong stock; just waiting for it to break out of the range on strong volume.
Volume: 421K Avg Volume: 810.59K
BUY POINT: $35.55 Volume=1.2M Target=$40.38 Stop=$34.65
POSITION: ECL DG - Apr. $35c (59 delta) &/or Stock
http://www.investmenthouse.com/ci/ecl.html
Play Date: 12/06/2004
IWOV (Interwoven--$10.94; +0.77; optionable): Enterprise content management software
http://biz.yahoo.com/p/i/iwov.html
STATUS: Cup. IWOV is building the right side of its 13 month base, breaking higher on strong volume Monday as it moved out of a 5 week lateral move over the 18 day EMA (9.96). Excellent 14 to 6 accumulation in the pattern (14 up price weeks on rising volume to 6 down price weeks on rising volume) shows net buyers in the base, quietly accumulating the stock. Surging money flow is rallying hard ahead of price and IWOV looks ready to follow it higher.
Volume: 1.397M Avg Volume: 409.454K
BUY POINT: $11.04 Volume=500K Target=$13.25 Stop=$10.55
POSITION: IUW CB - Mar. $10c (76 delta) &/or Stock
http://www.investmenthouse.com/ci/iwov.html
Play Date: 12/06/2004
JNPR (Juniper Networks--$29.06; +0.52; optionable): PC networking
http://biz.yahoo.com/p/j/jnpr.html
STATUS: Cup w/handle. Very low volume the past three weeks as JNPR forms the handle to its 11 month base. A nice long base that formed along the 200 day SMA (24.10) at the bottom of the pattern, a very important institutional support level. Solid 12 to 8 accumulation in pattern shows net buyers accumulating the stock during the long base. A market leader and still turning in some outstanding sales and earnings numbers. It is setting up well, and with the large cap techs trying to lead, looking for JNPR to make a strong volume break higher.
Volume: 5.848M Avg Volume: 9.799M
BUY POINT: $29.42 Volume=12M Target=$35 Stop=$28.04
POSITION: JUX DF - Apr. $30c (47 delta) &/or Stock
http://www.investmenthouse.com/ci/jnpr.html
Play Date: 12/06/2004
VIP (Vimple Communication--$40.81; +1.99; optionable): Russian wireless communications
http://biz.yahoo.com/p/v/vip.html
STATUS: Test 50 day EMA. Okay, after a turbulent Friday that turned us off some, VIP was back in the hunt Monday, rallying back off the 50 day EMA (38.04) on some rising, average trade. VIP broke out of a double bottom with handle in October, making us some great money into the split. It has now tested a key support level and is showing good buying coming off that level. Looking to move in on a further move higher on volume.
Volume: 1.057M Avg Volume: 1.209M
BUY POINT: $41.11 Volume=1.2M Target=$47.89 Stop=$39.15
POSITION: VIP DH - Apr. $40c (61 delta)
http://www.investmenthouse.com/ci/vip.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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us stock market
stock recommendation
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