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stock recommendation, stock option
Begin part 3 of 3
THE PLAYS
Good movers Wednesday: HPOL; MTSN; XXIA (bonus)
Best Plays:
1) SNDA: Surging toward a new high on strong volume.
2) VISG: Excellent volume has set up the move.
3) ACPW: Still on the verge of the move.
4) FFIV: Poised for the move if it can get some volume.
5) LIFC: Still a solid pattern.
6) STK: Volume still trying to creep higher.
7) MTSN: Money flow is leading the way higher.
NEW PLAYS:
Upside:
Play Date: 12/29/2004
ANT (Anteon Intl.--$42.15; +0.52; optionable): IT software
http://biz.yahoo.com/p/a/ant.html
STATUS: Reverse head and shoulders. Somewhat of a skewed pattern, but a definite accumulation pattern the past 9 weeks as ANT has formed a new base over the key institutional support level at the 50 day EMA (39.38). Volume has edged higher the past few sessions as it moves toward the breakout over the December high (42.39). This short base formed after the late October breakout from a 10 month cup with handle pattern. Strong 13 to 7 accumulation (13 up price weeks on rising volume to 7 down price weeks on rising volume) shows net buying in the prior base. Positive 2 to 0 accumulation in the current base shows net buyers as investors continue to accumulate the stock. Looking for a bit more volume as it moves through the buy point to an all-time high.
Volume: 183.1K Avg Volume: 373.59K
BUY POINT: $42.52 Volume=400K Target=$48.55 Stop=$40.88
POSITION: ANT DH - Apr. $40c (74 delta) &/or Stock
http://www.investmenthouse.com/ct/ant.html
Play Date: 12/29/2004
LRCX (Lam Research--$28.35; +0.62; optionable): Chip equipment
http://biz.yahoo.com/p/l/lrcx.html
After Hours: $28.37
STATUS: Cup w/handle. While chips have overall languished, LRCX has continued to form its 12 month base, the last month of which has been the handle, easing back to the 18 day EMA (28.08) on very low, below average volume. Strong 12 to 8 accumulation in the base is setting up the breakout move. Money flow is solid, moving higher ahead of price. It needs to show us the breakout move on strong volume; given the sector, definitely a 'show me' stock, but a nice pattern.
Volume: 1.223M Avg Volume: 2.318M
BUY POINT: $29.42 Volume=2.5M Target=$34 Stop=$27.89
POSITION: LMQ CF - Mar. $30c (45 delta) &/or Stock
http://www.investmenthouse.com/ct/lrcx.html
Play Date: 12/29/2004
SNDA (Shanda Interactive Ent.--$43.20; +3.35; optionable): Chinese internet
http://biz.yahoo.com/p/s/snda.html
After Hours: $43
STATUS: Flat base. Volume surged Wednesday as SNDA jumped off the 18 day EMA (39.63), moving toward the breakout from its 5 week flat base that formed after a good October to December run. Excellent 3 to 0 accumulation in the lateral move shows all accumulation as it sets up for the run to a new all time high and beyond. A new issue in May, SNDA is about to break free from the recent resistance from early December.
Volume: 1.784M Avg Volume: 1.21M
BUY POINT: $44.12 Volume=1.2M Target=$52.78 Stop=$41.03
POSITION: QKU CI - Mar. $45c (40 delta) &/or Stock
http://www.investmenthouse.com/ct/snda.html
Play Date: 12/29/2004
VISG (Visage Technology--$9.16; -0.21; optionable): Identification solutions for government, law enforcement, private business
http://biz.yahoo.com/p/v/visg.html
STATUS: Cup. VISG surged off the 200 day SMA (7.85) last week, rising on strong volume. It is moving up and forming the right side of its 9 month cup base that sports excellent 11 to 3 accumulation. Money flow continues to surge ahead of price. VISG has made a nice lower volume pullback to test last week's move, showing a doji at some price support at 9. Looks ready to resume the upside move.
Volume: 552.981K Avg Volume: 1.064M
BUY POINT: $9.75 Volume=1.3M Target=$11.75 Stop=$9.07
POSITION: TUM DU - Apr. $7.50c (80 delta) &/or Stock
http://www.investmenthouse.com/ct/visg.html
CONTINUING PLAYS:
Not yet entered:
Play Date: 12/06/2004
ACPW (Active Power--$4.70; +0.11; no options): Electric power producing devices
http://biz.yahoo.com/p/a/acpw.html
STATUS: Breakout test. Volume still remains slightly stronger as ACPW continues to pinch between resistance at 4.75 and the 18 day EMA (4.55). Excellent 5 week lateral move to test the breakout the 10 month cup base as money flow continues to rise ahead of price. It is ready, just needs to show the move with a bit better volume.
Volume: 92.668K Avg Volume: 135.181K
BUY POINT: New: $4.78 (orig. $4.72) Volume=207K Target=$6.15 Stop=$4.55
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/acpw.html
Play Date: 12/21/2004
ARRY (Array Biopharma--$9.67; -0.06; optionable): Medical labs
http://biz.yahoo.com/p/a/arry.html
After Hours: $9.69
STATUS: STATUS: Cup w/handle. Volume was up Wednesday as ARRY tried the breakout again but faded to the close. Still a solid 8 month base sporting strong 9 to 5 accumulation (9 up price weeks on rising volume to 5 down price weeks on rising volume) with money flow surging higher ahead of price. It is ready for the move.
Volume: 211.703K Avg Volume: 148.136K
BUY POINT: $9.57 Volume=375K Target=$11.55 Stop=$8.97
POSITION: AUQ EB - May $10c (45 delta) &/or Stock
http://www.investmenthouse.com/ct/arry.html
Play Date: 12/27/2004
FFIV (F5 Networks--$48.68; -0.28; optionable): Internet software
http://biz.yahoo.com/p/f/ffiv.html
STATUS: Flying plateau. Volume dried up Wednesday as FFIV held steady following Tuesday's nice bounce on some better volume. It continues its lateral move, the second test of the late October breakout from its 9 month cup with handle base. Strong breakout on strong volume, and a nice, easy lateral move the past two weeks on very low volume that is setting up the next move. Excellent money flow pointing the way higher. Solid 9 to 6 accumulation in the base set up the breakout. Need to see some volume on the next move.
Volume: 422.455K Avg Volume: 1.188M
BUY POINT: $48.95 Volume=1.2M Target=$56.55 Stop=$46.72
POSITION: FLK DJ - Apr. $50c (42 delta) &/or Stock
http://www.investmenthouse.com/ct/ffiv.html
Play Date: 12/18/2004
KOOL (Thermogenesis--$6.34; +0.03; no options): Scientific and technical instruments
http://biz.yahoo.com/p/k/kool.html
STATUS: Double bottom w/handle. Edging higher in the 5 week handle to its 11 month base. Accumulation is a strong 11 to 6, showing net buyers and setting the foundation for the breakout move. Strong money flow is supporting the stock as it readies for the breakout to a new all-time high.
Volume: 134.425K Avg Volume: 233K
BUY POINT: $6.54 Volume=350K Target=$7.89 Stop=$6.15
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/kool.html
Play Date: 12/28/2004
LIFC (Lifecell--$10.75; +0.10; optionable): Biotechnology
http://biz.yahoo.com/p/l/lifc.html
After Hours: $10.72
STATUS: Double bottom w/handle. LIFC was up again Wednesday, but volume, after a strong above average session Tuesday, fell back to nominal levels. Nice 24 week base that formed over the 200 day SMA (9.52), the point where institutions hold a stock or fold it. Thus far they are holding it and the volume spike Tuesday indicates they are still buying it. A breakout sends it to a multiyear high where it has no resistance.
Volume: 139.103K Avg Volume: 306.818K
BUY POINT: $10.95 Volume=300K Target=$13.22 Stop=$10.22
POSITION: QKL CB - Mar. $10c (56 delta) &/or Stock
http://www.investmenthouse.com/ct/lifc.html
Play Date: 12/20/2004
NGEN (Nanogen--$6.87; +0.02; optionable): Biotechnology
http://biz.yahoo.com/p/n/ngen.html
After Hours: $6.95
STATUS: Test breakout. Still low volume as it shows a series of dojis at the 10 day EMA (6.86). Certainly has the look of the culmination of the test of the strong move off of the base low and break through the 200 day SMA (5.49). It is building the right side of a 12 month cup base already sporting strong 13 to 7 accumulation at this early stage. It looks as if the downside has ended. Now it needs to show some volume on the move back up.
Volume: 1.015M Avg Volume: 1.69M
BUY POINT: New: $7.42 (orig. $7.65) Volume=2.4M Target=$9.35 Stop=$7.15
POSITION: QEM CU - Mar. $7.50c (54 delta) &/or Stock
http://www.investmenthouse.com/ct/ngen.html
New buy point on a continuing play:
Play Date: 12/02/2004
MTSN (Mattson Technology--$11.44; +0.29; optionable): Chip equipment
http://biz.yahoo.com/p/m/mtsn.html
After Hours: $11.47
STATUS: Cup w/handle. Similar to LRCX, MTSN has spent the past 4 weeks moving laterally over the 18 day EMA (10.96), forming a handle to its 6 month base. Money flow continues to move higher ahead of price, pointing the way higher. A good move off the 18 day EMA Wednesday is moving it toward the breakout from the handle. Want to see strong volume on the move to move into new positions.
Volume: 192.253K Avg Volume: 369.045K
BUY POINT: New positions: $11.75 (orig. positions: $11.15) Volume=500K Target=$13.75 Stop=$10.65
POSITION: QQM DB - Apr. $10c (69 delta) &/or Stock
http://www.investmenthouse.com/ct/mtsn.html
Play Date: 12/27/2004
STK (Storage Technology--$31.37; -0.08; optionable): PC data storage devices
http://biz.yahoo.com/p/s/stk.html
STATUS: Breakout test. After a good bounce off of the 18 day EMA (30.84) Monday, STK has stalled out some, holding steady Wednesday on continued below average volume. A very nice 4 week test of the early December breakout from its 11 month cup with handle base. Money flow continues to run higher ahead of price. Looking for volume to jump back up as it did on Monday as STK moves through this next buy point.
Volume: 470.8K Avg Volume: 863.727K
BUY POINT: $31.62 Volume=900K Target=$37 Stop=$30.58
POSITION: STK CF - Mar. $30c (43 delta) &/or Stock
http://www.investmenthouse.com/ct/stk.html
Good Investing!
Jon L. Johnson and your Technical Traders Report 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 option
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