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us stock market, stock ticker
Begin part 3 of 3
THE PLAYS
Good movers Monday: STN; ABFS; BRCM
Wednesday play results:
FOXH: Surged toward the breakout but gave most of it back. Still solid.
PFSW: Held basically flat.
BRCM: Headed lower on continued strong volume.
BEN: Still struggling on volume below the 50 day EMA.
New Plays:
Upside:
Play Date: 01/24/2005
ALXN (Alexion Pharmaceuticals--$23.77; +0.43; optionable): Drugs
http://biz.yahoo.com/p/a/alxn.html
STATUS: Reverse head and shoulders. Lots of action the past two weeks on strong volume as ALXN holds over the 50 day EMA (22.60) as it makes the low in the right shoulder of its 11 month base. Excellent 11 to 5 accumulation (11 up price weeks on rising volume to 5 down price weeks on rising volume) shows solid buying during the base. Solid money flow. Just being patient and waiting for a break over the recent highs to enter.
Volume: 550.717K Avg Volume: 228.318K
BUY POINT: $25.55 Volume=600K Target=$30.65 Stop=$23.76
POSITION: XQN EE - May $25c (delta) &/or Stock
http://www.investmenthouse.com/cd/alxn.html
Play Date: 01/24/2005
PUMP (Animas--$18.05; -0.20; no options): Medical appliances
http://biz.yahoo.com/p/p/pump.html
STATUS: Test breakout. A new issue in June, PUMP formed a very tight, flat 4.5 month base from August to December. Strong 7 to 3 accumulation (7 up price weeks on rising volume to 3 down price weeks on rising volume) shows net buyers. It dipped in early January with the market selling, but volume was below average; a nice shakeout. The stock then blasted higher on strong volume. It peaked last week at 19 and has eased back toward the 10 day EMA (17.61), holding easily above that level. Money flow is surging ahead of the stock. PUMP may test back to the 10 day EMA before it follows the money higher, but it looks solid here and we will take positions on a further upside move on solid trade.
Volume: 163.491K Avg Volume: 126.681K
BUY POINT: $18.74 Volume=190K Target=$22.49 Stop=$17.55
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/pump.html
Play Date: 01/24/2005
SRNA (Serena Software--$21.03; +0.02; optionable): Business software
http://biz.yahoo.com/p/s/srna.html
After Hours: $21.03
STATUS: Cup w/handle. Nice test of the 18 day EMA (20.89) as SRNA forms the handle to its 13 month base. Solid 13 to 9 accumulation in the pattern shows the stock was under accumulation during the pattern. Excellent money flow is leading higher, and we are just waiting for SRNA to follow it after this good test.
Volume: 947.146K Avg Volume: 517.727K
BUY POINT: $22.66 Volume=800K Target=$27 Stop=$21.12
POSITION: NHU EX - May $22.50c (35 delta) &/or Stock
http://www.investmenthouse.com/cd/srna.html
New buy point on existing play:
Play Date: 01/13/2005
CRZO (Carrizo Oil & Gas--$12; -0.31; no options): Oil and gas
http://biz.yahoo.com/p/c/crzo.html
STATUS: Breakout test. CRZO broke out of a 6 month base in mid-December, but waffled as the market rallied and oil was under pressure. It fell to start the month, dropping to the 50 day EMA (10.66) on very low volume, unlike the rest of the market. It surged back on volume in a nice recovery, breaking out once more and moving toward a new high. It came back to test the move, holding above the 10 day EMA (11.77) on lower volume. Solid 8 to 6 accumulation in the pattern (8 up price weeks on rising volume to 6 down price weeks on rising volume) shows net buying in the base as the stock consolidated. Strong money flow and a relative strength breakout on the move, a good signal as to the stock's strength. Looking for a bounce here to enter as CRZO moves to a new high.
Volume: 359.102K Avg Volume: 172.636K
BUY POINT: $12.12 Volume=250K Target=$14.55 Stop=$11.62
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/crzo.html
SUBSCRIBER PORTFOLIO: These are stocks subscribers suggest by vote that we put in a portfolio to track and move into the stocks if they perform well. If you have any suggestions for additions or deletions, email us. We don't cover them all each report, just when something interesting is developing.
BR, COH, EASI, EBAY, GTRC, HDWR, JNPR, MSFT, QCOM
COH: Rallied to hold the 50 day EMA after undercutting it intraday. Earnings out before the open. Need to be good as it flirts with the 50 day.
HDWR: Holding the 50 day EMA in a nice test after a nice bounce off the 200 day SMA.
JNPR: Broke the 200 day SMA on strong, above average volume.
QCOM: So much for the bounce off the 200 day. It did but it did so to the downside.
SUBSCRIBER WATCHLIST
We continually receive ideas for potential plays from subscribers. Many times they are already on our watchlists, other times not. We always take a look and sometimes find a gem or two, or more. We don't necessarily endorse these, but want to provide a forum for subscribers with ideas that may appeal to other subscribers. We may just put on the ticker or we might describe our thoughts as to why or why not we think it is a buy or sell. This is a way we can all learn a bit more and maybe find a few more candidates to make us some good money.
Upside:
ATK: Broke out form a double bottom in November but after peaking near just over 67 in early December it has moved laterally with some speed bumps. It recovered from the early January selling and was making a nice orderly pullback to test the 18 day EMA last week. Monday it dumped lower, closing just below the 50 day EMA on rising, above average volume. Still holding the breakout, but by its teeth. If it can hold here it is in pretty decent shape.
ARD: Oil and gas stocks that broke out last week on strong volume from a 9 month cup with handle base. Strong break higher. Monday it gapped higher but then gave back the move and a bit more on continued strong volume. May come back to test the move here, but very solid with great money flow.
ISON: Still working in that more or less lateral 13 week base after exploding higher in mid-October. Like what we see but this stock is volatile. Need to see a high volume break.
PARL: Market leader that tried to make the break higher two weeks back. It failed and it continues its 5 week lateral move looking for another break higher.
Good Investing!
Jon L. Johnson and The Daily Staff
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 of 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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