|
|
stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers: ACO; ATI; CNX; CRZO; CTSH; DPTR; GRP; IR; JCOM; PDS; PRFT; STLD
Thursday night play results:
APPB: Very nice tight doji on the 10 day EMA.
LCAV: Tried to continue the move but could not muster a continued move.
OIS: Held basically flat for the session after the strong Thursday move. Still set to move higher.
HE: Lower volume move up to the 200 day SMA. Looking for it to fail here.
New Plays:
Upside:
Play Date: 03/05/2005
ENER (Energy Conversion Devices--$21.18; -0.26; optionable): Design and manufacture of alternative fuel technologies.
http://biz.yahoo.com/p/e/ener.html
STATUS: Cup w/handle. $55/bbl oil brings out the alternative energy technologies as they become more attractive. Each dollar more per barrel makes researching and developing alternative power methods more enticing. At my house I have solar powered attic fans and solar powered battery chargers for my outdoor equipment. Quiet and efficient. ENER spent last week forming the handle to its 13 week base, easing back on low volume to end the week versus rallying with the rest of the market. It is going about its own business, setting up for the breakout. Strong 5 to 2 accumulation in the base (5 up price weeks on rising volume to 2 down price weeks on rising volume) shows net buyers and is setting up the breakout move. Solid money flow is helping set the stage as well. May take another day or two to complete the handle before it is ready for the breakout. Looks solid.
Volume: 222.821K Avg Volume: 328.315K
BUY POINT: $22.57 Volume=492K Target=$26 Stop=$21.32
POSITION: EQI FX - June $22.50c (45 delta) &/or Stock
http://www.investmenthouse.com/ci/ener.html
Play Date: 03/05/2005
GOLD (Randgold Resources--$13.60; +0.51; optionable): Gold mining in sub-Saharan Africa
http://biz.yahoo.com/p/g/gold.html
STATUS: Breakout test. Nice breakout from a 12 week double bottom with handle base in February sent GOLD near 14. it eased back to test that move last week, holding at the 10 day EMA (13.15) all week before a rising volume bounce of that level Friday. Outstanding 6 to 0 accumulation in the base set the stage for this breakout, and now it looks ready to continue the move. Strong money flow is an additional indication of the buying. Relative strength broke out on the original move and is setting up to do it again. Ready to step in on a further bounce form here.
Volume: 250.761K Avg Volume: 309.209K
BUY POINT: $13.94 Volume=345K Target=$15.95 Stop=$13.05
POSITION: GUD FV - June $12.50c (78 delta) &/or Stock
http://www.investmenthouse.com/ci/gold.html
Play Date: 03/05/2005
GVA (Granite Construction--$27.46; +1.40; optionable): Nationwide public and private heavy construction
http://biz.yahoo.com/p/g/gva.html
STATUS: Double bottom w/handle. Great name for a national construction company. Strong like bull. Anyway, a nice little 11 week base has formed around the 50 day EMA (25.99), this one following a larger 8 month pattern that broke higher in November. Strong 3 to 1 accumulation in the pattern shows net buyers in the base. Money flow is strong and has turned up ahead of the price, leading toward the next up leg. Volume jumped sharply Friday, moving well above average as GVA jumped off the 50 day EMA (25.99) that set the bottom of the handle. Looks ready for a buy.
Volume: 280.5K Avg Volume: 171.716K
BUY POINT: $27.79 Volume=200K Target=$31.95 Stop=$26.48
POSITION: GVA FE - June $25c (84 delta) &/or Stock
http://www.investmenthouse.com/ci/gva.html
Downside:
Play Date: 03/05/2005
NPSP (NPS Pharmaceuticals--$13.62; -0.48; optionable): Biotechnology
http://biz.yahoo.com/p/n/npsp.html
After Hours: $13.65
STATUS: Put. Biotechs are under much pressure (not strong like bull) and NPSP is no exception. It is in a long downtrend that started in early 2004. The past 8 weeks it has moved lower below the 18 day EMA (14.61). It tried a lateral move the past three weeks over 14 as the 10 day EMA (14.27) moved down on top of it. The pressure was too much for it Friday and NPSP broke below 14. That looks to have kicked off the next move lower and we are ready to move in on a further decline. A move down to the target nets us a nice 50%ish gain.
Volume: 406.814K Avg Volume: 500.979K
BUY POINT: $13.55 Volume=500K Target=$12 Stop=$13.92
POSITION: QKK PC - Apr. $15p (-75 delta)
http://www.investmenthouse.com/ci/npsp.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 recommendation
stock investment information
|
