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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers: ATI; COGN; URBN
Tuesday night play results:
AMT: Holding steady in the pattern.
CME: An even more impressive dive. Everything this stock does it does big.
CWTR: Started higher but volume did not follow it. Still ready to make the pre-split run.
ISLE: Took a low volume breather, holding the 10 day EMA.
New Plays:
Upside:
Play Date: 03/02/2005
COH (Coach--$57.25; +1.16; optionable): Purses, etc. Splits 2:1 on 4-5-05
http://biz.yahoo.com/p/c/coh.html
STATUS: Cup. Volume was up well above average Wednesday as COH started the breakout move from its 8 week base that formed using the 50 day EMA (54.40) as support. That is an important support level as it shows institutions stepping in. Accumulation is excellent at 4 to 1 (4 up price weeks on rising volume to 1 down price weeks on rising volume), another sign of very good support as buyers outnumber the sellers. That has set up the breakout, and it is starting that. Solid money flow and relative strength is ready to breakout as well, a good corroboration of the move. The breakout is a good point to add to positions.
Volume: 1.783M Avg Volume: 1.323M
BUY POINT: $57.48 Volume=1.4M Target=$63.45 Stop=$55.28
POSITION: COH HK - Aug. $55c (68 delta)
http://www.investmenthouse.com/ci/coh.html
Play Date: 03/02/2005
DPTR (Delta Petroleum--$15.86; +0.65; optionable): Oil and gas
http://biz.yahoo.com/p/d/dptr.html
After Hours: $15.86
STATUS: Double bottom w/handle. DPTR formed a 12 week base using the 200 day SMA (13.64) as support for the two legs. That is an important institutional level where they come in to buy their stock; if not they let it fall. Excellent 7 to 3 accumulation in the pattern shows a lot of buying. The test back Friday and Monday has flushed out the sellers and has set the breakout. Wednesday DPTR was rallying on strong volume, moving to the breakout. Looking to move in on a continued breakout move.
Volume: 637.398K Avg Volume: 307.681K
BUY POINT: $16.05 Volume=450K Target=$19 Stop=$15.25
POSITION: QHR FC - June $15c (67 delta) &/or Stock
http://www.investmenthouse.com/ci/dptr.html
Play Date: 03/02/2005
KOMG (Komag--$21.73; +0.32; optionable): PC data storage devices.
http://biz.yahoo.com/p/k/komg.html
After Hours: $21.77
STATUS: Cup w/handle. Volume was up Monday and Tuesday as KOMG started the breakout move from its 12 month base. Strong 18 to 10 accumulation in the pattern shows solid net buying, setting up the breakout. It has been a long time coming, but it looks ready for a good breakout and run.
Volume: 1.028M Avg Volume: 478.681K
BUY POINT: $21.89 Volume=600K Target=$26.25 Stop=$20.44
POSITION: QKX FD - June $20c (71 delta) &/or Stock
http://www.investmenthouse.com/ci/komg.html
Play Date: 03/02/2005
XTO (XTO Energy--$44.12; +0.84; optionable): Oil and gas. Splits 4:3 on 3-17-05
http://biz.yahoo.com/p/x/xto.html
STATUS: Test breakout. XTO blasted higher to start February, breaking out form a 9 week double bottom with handle base. It surged all the way to 46 and is now making its second test of the 10 day EMA (43.01). Strong stocks rally up the short term MA (10 and 18 day EMA), making 4 to 5 bounces. That leaves XTO plenty of upside on this run. Wednesday XTO started to bounce off the 10 day but could use a bit more volume. It can run like the wind when it gets started. Strong money flow and a relative strength breakout on the move show its strength.
Volume: 2.75M Avg Volume: 2.971M
BUY POINT: $44.37 Volume=3M Target=$47.95 Stop=$42.89
POSITION: XTO EI - May $45c (46 delta)
http://www.investmenthouse.com/ci/xto.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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