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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers Wednesday: AAPL; CENT; GET; GRP; PUMP; VPI; WITS; CNF; JBLU
Tuesday night play results:
AYE: Still looking for the breakout.
COGN: Lower volume session right at the breakout.
LH: Solid volume move continues.
SSNC: Still ready to make the break higher.
New Plays:
Upside:
Play Date: 02/16/2005
ATI (Allegheny Technologies--$23.55; +0.94; optionable): Steel & iron mining
http://biz.yahoo.com/p/a/ati.html
After Hours: $23.70
STATUS: Test 18 day EMA. Volume surged Wednesday as ATI jumped off the 18 day EMA (22.65). It looks as if the test of the breakout from its 9 week base is going to be a success. A rather volatile 10 week base but accumulation is a solid 4 to 2 (4 up price weeks on rising volume to 2 down price weeks on rising volume) shows net buyers that set up the move. Strong volume on the breakout and then the current two week test has brought it back to the 18 day. Excellent money flow is leading higher and relative strength is ready to breakout once more. Ready to break to an all-time high where there is no overhead resistance.
Volume: 2.473M Avg Volume: 1.027M
BUY POINT: $24.15 Volume=1.5M Target=$28 Stop=$23.32
POSITION: ATI GE - July $25c (47 delta) &/or Stock
http://www.investmenthouse.com/ci/ati.html
Play Date: 02/16/2005
EAGL (EGL Inc.--$31.27; +0.77; optionable): Air delivery and freight
http://biz.yahoo.com/p/e/eagl.html
After Hours: $31.23
STATUS: Cup w/handle. Volume moved up well above average Wednesday as EAGL jumped off the 50 day EMA (30.12), the support level for its two week handle. A nice 14 week base formed using the 200 day SMA (27.54) as support. Money flow is solid and is leading higher. Positive accumulation shows net buyers. Looks ready for the breakout that will send it to a 4 year high.
Volume: 803.11K Avg Volume: 522.09K
BUY POINT: $32.04 Volume=783K Target=$37 Stop=$30.75
POSITION: KUF EF - May $30c (60 delta) &/or Stock
http://www.investmenthouse.com/ci/eagl.html
Play Date: 02/16/2005
MSCC (Microsemi--$17.37; +0.04; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/m/mscc.html
STATUS: Cup w/handle. MSCC is working laterally this week on low volume, forming the handle to its 10 week base. Strong money flow is running sharply higher even as the stock moves laterally. That is a bullish indication as stocks typically follow the money, especially if they are in a good pattern. Waiting for volume to rebound as MSCC moves through the buy point.
Volume: 539.055K Avg Volume: 750.454K
BUY POINT: $17.74 Volume=1.1M Target=$21.29 Stop=$16.78
POSITION: QMS FW - June $17.50c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/mscc.html
Play Date: 02/16/2005
TSO (Tesoro Petroleum--$34.65; +1.87; optionable): Oil and gas refining and marketing.
http://biz.yahoo.com/p/t/tso.html
After Hours: $34.65
STATUS: Ascending triangle. TSO is making the breakout from its 18 week base that formed over the 50 day EMA (31.44) with 34 acting as the top of the pattern. Tuesday it moved through that resistance on rising, above average volume. Solid 4 to 2 accumulation in the base shows net buyers. Relative strength is ready to breakout as well, a good corroboration of the breakout move. Moves out of these patterns are often explosive. Looking to step in on a further move higher.
Volume: 1.319M Avg Volume: 982K
BUY POINT: $34.78 Volume=1.1M Target=$40 Stop=$32.88
POSITION: TSO EG - May $35c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/tso.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 investment information
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