|
|
stock split, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers Thursday: CRZO; DDDC; EFX; IMAX; MSTR; RSCR; ZQK; BRCM; KDE
Wednesday night play results:
CVC: Still testing the gap higher on low volume.
PRFT: Not doing it. Fell through the 18 day EMA on rising volume.
ZQK: Continued the move higher on lower though still above average volume.
DRL: Low volume as it held steady. Still ready to fall.
New Plays:
Upside:
Play Date: 02/03/2005
CWTR (Coldwater Creek--$27.95; -0.26; optionable): Catalog mail order. Forecast to announce a split 3-9-05 after the close.
http://biz.yahoo.com/p/c/cwtr.html
STATUS: 50 day EMA test. CWTR just split in July, but it is already back up to split price. It is making one of its periodic tests of the 50 day EMA (27.50) in its run. It has not based out in a while, but it continues to catch its breath and then rebound again. Excellent money flow continues. Volume has moved back above average earlier this week and was solid as CWTR moved off the 50 day EMA Wednesday. It backed off Thursday on lower volume but looks ready to bounce higher from here. Looking to move in on a solid upside move on continued strong volume.
Volume: 254.468K Avg Volume: 231.454K
BUY POINT: $28.45 Volume=347K Target=$34.55 Stop=$27.38
POSITION: UCJ GF - July $30c (49 delta) &/or Stock
http://www.investmenthouse.com/ci/cwtr.html
Play Date: 02/03/2005
HTRN (Heatlhtronics Surgical--$11.09; +0.91; optionable): Medical appliances
http://biz.yahoo.com/p/h/htrn.html
After Hours: $11.10
STATUS: Cup w/handle. We have been watching HTRN for a few weeks as it set up for a break higher from the handle of its 19 month base. Thursday it shot higher on excellent volume, starting the breakout from the base. Strong 26 to 11 accumulation (26 up price weeks on rising volume to 11 down price weeks on rising volume) shows a lot of buying during the base. Excellent money flow as well.
Volume: 662.199K Avg Volume: 173.818K
BUY POINT: $11.27 Volume=350K Target=$13.54 Stop=$10.48
POSITION: PHO FB - June $10c (74 delta) &/or Stock
http://www.investmenthouse.com/ci/htrn.html
Play Date: 02/03/2005
INNO (Innovo Group--$3.80; +0.30; no options): Textile manufacturing.
http://biz.yahoo.com/p/i/inno.html
After Hours: $3.83
STATUS: Test 18 day EMA. After a long downtrend, INNO bottomed last summer. It rallied to 3 in October and then slipped into an 11 week cup base sporting solid 3 to 0 accumulation. It broke out to start the year and then spent the second half of January testing the move, coming back to the 18 day EMA (3.41) on mostly lower volume. Thursday volume shot higher as INNO moved off the 18 day EMA. Money flow is screaming higher ahead of price, and we are looking for INNO to continue higher and follow the money.
Volume: 491.372K Avg Volume: 234.5K
BUY POINT: $3.93 Volume=325K Target=$5.09 Stop=$3.65
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/inno.html
Play Date: 02/03/2005
LIZ (Liz Claiborne--$42.11; +0.15; optionable): Clothing and accessories
http://biz.yahoo.com/p/l/liz.html
STATUS: Flat base. LIZ is moving laterally over the 50 day EMA (40.95) in its 13 week base sporting positive 4 to 3 accumulation. This moves is setting LIZ up for a breakout to a new all-time high. A solid leader and just waiting for the next break higher to move in.
Volume: 386.3K Avg Volume: 556.909K
BUY POINT: $42.55 Volume=835K Target=$47.75 Stop=$41.33
POSITION: LIZ GH - July $40c (79 delta) &/or Stock
http://www.investmenthouse.com/ci/liz.html
Play Date: 02/03/2005
TV (Grupo Televisa--$61.25; -0.08; optionable): Broadcast TV
http://biz.yahoo.com/p/t/tv.html
STATUS: Cup w/handle. TV is just starting to form a handle to its 9 week base that has formed using the 50 day EMA (58.53) as support. That is an important institutional support level and shows the big money accumulating shares at that level. A breakout will take it to a multiyear high and close to an all-time high. Strong money flow and positive accumulation are setting the stage for the breakout move.
Volume: 217.4K Avg Volume: 386K
BUY POINT: $62.07 Volume=625K Target=$69.75 Stop=$60.78
POSITION: TV GL - July $60c (64 delta) &/or Stock
http://www.investmenthouse.com/ci/tv.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.
|
stock split
stock recommendation
|
