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stock recommendation, stock pick
Begin part 3 of 3
THE PLAYS
Good movers Monday: CHT; CRZO; CYCL; LIZ; PUMP; WITS; ZQK; ABFS
Weekend play results:
BWLD: Still a nice doji at the 18 day EMA
CPKI: Strong volume but could not hold the break through the buy point.
FDS: Gapped higher but closed flat.
GET: Modest loss but still ready.
SYNA: Tanked.
TDS: Moving higher but lost the volume.
New Plays:
Upside:
Play Date: 02/07/2005
ANTP (Phazar--$31.70; +5.70; no options): Telecom equipment
http://biz.yahoo.com/p/a/antp.html
After Hours: $31.90
STATUS: Test 50 day EMA. ANTP exploded in an extremely impressive run in December. We saw it start higher on a volume surge and waited for an entry point. We waited while the stock ran from 15 to 50. Mercy. It has tested that move, coming all the way back to the 50 day EMA at 25.47 on very low, below average volume. Monday it exploded higher again, posting a big gain on big volume. Money flow has held up very well during this test. With this stock it is don't ask, don't tell; just see the move, get on board, be the move. Looking for more upside to move in and hope the ride is not too volatile unless it is all upside.
Volume: 1.956M Avg Volume: 735.772K
BUY POINT: $31.88 Volume=770K Target=$39.95 Stop=$28.11
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/antp.html
Play Date: 02/07/2005
PRZ (Paincare Holdings--$4.23; +0.38; no options): Hospitals
http://biz.yahoo.com/p/p/prz.html
STATUS: Test breakout. PRZ was a new issue in June of 2003; a relative youngster in the market. It formed a 12 month base and exploded higher in December, breaking out on some very strong volume. It just made its second test of the breakout, fading close to the 18 day EMA (3.78) Friday and then rebounding sharply Monday on a shot of strong, above average volume. It showed positive 6 to 4 accumulation (6 up price weeks on rising volume to 4 down price weeks on rising volume) in the latter part of the base, indicating net buying. That set up the breakout and it came through. Now we look to pick up PRZ as it breaks through the late December highs near 4. Strong stocks make 4 to 5 such bounces off the 18 day EMA before needing a deeper test. That leaves plenty of upside left for PRZ. That also puts it at a new all-time high and there is no overhead resistance from disgruntled shareholders. Most shareholders at this point are pretty 'gruntled' given the strong run.
Volume: 487.8K Avg Volume: 209.363K
BUY POINT: $4.34 Volume=350K Target=$5.25 Stop=$4.04
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/prz.html
Play Date: 02/07/2005
TKO (Telkonet--$6.43; +0.07; no options): ITS software
http://biz.yahoo.com/p/t/tko.html
STATUS: Test breakout. Taking another whack at TKO as it has recovered and is moving nicely in a tight range over the 10 day EMA (6.32) on very low, below average volume. This is a nice test of the mid-December breakout from a 7 month cup base. This is the second test of the 18 day EMA (6.21); still plenty of room to the upside on this breakout. Excellent 10 to 5 accumulation in the pattern shows great buying during the consolidation. Solid money flow and relative strength ready for the breakout move. Just needs a good shot of volume to send it on the next leg.
Volume: 170.2K Avg Volume: 513.454K
BUY POINT: $6.64 Volume=700K Target=$8.12 Stop=$6.18
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/tko.html
Play Date: 02/07/2005
USM (U.S. Cellular--$45.85; +0.15; optionable): Wireless telecom
http://biz.yahoo.com/p/u/usm.html
STATUS: 50 day EMA test. USM tried to make a breakout move September to December, but could just not get its legs under it. That changed in early January as USM shot higher on strong volume, rallying to 50. It has come back to test that move on lower volume, holding at the 50 day EMA (45.05) the past two weeks, regrouping for the next move. Friday volume spiked higher as USM posted a small gain off the 50 day; that is a 'get ready' spike that indicates heavy buying and puts us on alert for the next bounce. Volume backed off Monday as it held its ground. Solid money flow does not hurt. Looking for volume to jump back up as the stock does the same. Using options to leverage our gain on this move up to the prior high. If it goes further we will let it.
Volume: 45.8K Avg Volume: 74.772K
BUY POINT: $46.26 Volume=115K Target=$50 Stop=$45.48
POSITION: USM EI - May $45c (63 delta)
http://www.investmenthouse.com/ci/usm.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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stock recommendation
stock pick
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