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stock ticker, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers Wednesday: CCK; GRP; LSS; PUMP; USU; VPI; WITS; JBLU
Tuesday night play results:
AYE: Still looking for the breakout.
LH: Solid volume move continues.
MXT: Volume was up again as MXT heads for the breakout.
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/cd/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/cd/eagl.html
Play Date: 02/16/2005
SYNM (Syntroleum--$10.78; +0.58; optionable): Independent oil and gas
http://biz.yahoo.com/p/s/synm.html
After Hours: $10.73
STATUS: Test 18 day EMA. SYNM is making the second test of the breakout from its 10 month base sporting strong 12 to 4 accumulation. Strong stocks typically make 4 to 5 such bounces off the 18 day EMA (10.08) before needing a deeper test to the 50 day EMA. Wednesday volume shot higher and well above average as SYNM jumped off the 18 day EMA, continuing its breakout run. Strong money flow is leading higher and relative strength is moving higher to breakout once again. Looking to enter on a continued solid move higher.
Volume: 640.781K Avg Volume: 304.727K
BUY POINT: $10.92 Volume=375K Target=$13.15 Stop=$10.24
POSITION: HYU GB - July $10c (60 delta) &/or Stock
http://www.investmenthouse.com/cd/synm.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, GTRC, HDWR, MSTR, STN, TSRA, UPL
BR: Beautiful continuation of the breakout move.
EASI: Trying to hold up at the 18 day EMA and doing so on light volume.
HDWR: Held the 50 day EMA and bouncing. Needs to get back over 32 with some volume to heal itself.
TSRA: Filled the Monday gap higher. Now it is ready to move higher again.
UPL: Has tested the break higher and looks ready to continue the move.
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:
PMTC: Nice 11 week pattern has formed showing good volume action in the pattern. A break over 6.12 sends it to a 2.5 year high.
Downside:
KKD: Starting to turn lower once more as it continues its long downtrend.
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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stock ticker
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