|
|
stock ticker, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers Tuesday: AFFX; CTIC; DADE; PARL; TRI
Monday night play results:
HTCH: Held steady on lower trade. Still looks great.
WITS: Hit the buy point very late as volume shot higher.
RPM: Rebounded up to test the 50 day EMA once again
New Plays:
Upside:
Play Date: 02/01/2005
ARB (Arbitron--$41.08; +0.18; optionable): Ratings services for radio, television, etc.
http://biz.yahoo.com/p/a/arb.html
STATUS: Flat. ARB exploded higher 6 sessions back on a very strong Q4, clearing resistance in the midrange of a 5.5 month flat base that is part of a larger 12 month cup with handle base. It has moved laterally since, holding the gain on lower volume, setting up for the next move in the base. Accumulation in the base is a strong 7 to 3 (7 up price weeks on rising volume to 3 down price weeks on rising volume), showing net buying and setting up the breakout move. Excellent money flow is ready to lead ARB higher on the next leg. Just waiting for volume to rally back up as it moves through they buy point.
Volume: 187.1K Avg Volume: 194.772K
BUY POINT: $41.38 Volume=292K Target=$46.75 Stop=$39.77
POSITION: ARB EH - May $40c (65 delta) &/or Stock
http://www.investmenthouse.com/cd/arb.html
Play Date: 02/01/2005
FLR (Fluor Corp.--$52.34; -1.20; optionable): Heavy construction engineering, procurement services
http://biz.yahoo.com/p/f/flr.html
STATUS: Double bottom w/handle. After breaking out from a 4.5 month base in mid-November, FLR surged higher to 55 in a nice run. It has slipped into the current 7 week base, using the 50 day EMA (51.19) as support. That is a key support level for stocks. Strong 3 to 1 accumulation in the current base. Excellent money flow. It was down Monday on stronger, average, volume, but held the 18 day EMA (51.96). Looking for a break higher and clearing the late January high on strong volume to enter positions.
Volume: 568K Avg Volume: 598.09K
BUY POINT: $53.68 Volume=897K Target=$61 Stop=$51.88
POSITION: FLR GJ - July $50c (70 delta) &/or Stock
http://www.investmenthouse.com/cd/flr.html
Play Date: 02/01/2005
NVDA (Nvidia--$23.35; +0.43; optionable): Game semiconductors
http://biz.yahoo.com/p/n/nvda.html
After Hours: $24.65
STATUS: Cup w/handle. After hours NVDA blasted higher on very strong earnings results. The move will take it out of the 7 week handle to the 10 month base. Excellent 14 to 6 accumulation in the base shows solid accumulation as investors accumulated shares during the base. It is going to gap higher in the morning. We will look for the first pullback to start some positions on this move and then look at positions later on its first test.
Volume: 4.318M Avg Volume: 6.925M
BUY POINT: $24.22 Volume=11M Target=$28.88 Stop=$22.89
POSITION: UVA FE - June $25c (49 delta) &/or Stock
http://www.investmenthouse.com/cd/nvda.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
BR: Nice move off the 50 day EMA on strong volume.
HDWR: Nice volume as HDWR starts higher on the right side of its 10 week base after rebounding off the 200 day SMA.
QCOM: Turning back down after the attempted rebound to test the 200 day SMA.
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:
EPIC: EPIC has formed a 13 month cup with handle, currently holding at the 200 day SMA in the 3 month handle to the base. Volume has been high the past two seeks as it was up and down in pretty volatile action. That is not the best handle action, but if it calms down some it will be setting the stage for a break higher. Problem is, the handle is pretty deep; the stock would have to move over 2 points to reach the technical breakout. If it calms down and breaks higher on strong volume, more aggressive entries can be made on a move past the 50 day EMA (13.96).
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.
|
stock ticker
stock recommendation
|
