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stock recommendation, stock option
Begin part 3 of 3
THE PLAYS
Good movers: COGN; CWTR; FFIV; PPDI; PRFT; STR; URBN
Weekend play results:
ENER: Volume was up as it moves toward the breakout.
GOLD: Holding the 10 day EMA.
GVA: Stalled on lower volume.
TTEC: continued the move but by the close only held onto a modest bump.
NPSP: Heading lower but volume is low.
New Plays:
Upside:
Play Date: 03/07/2005
ATHR (Atheros Communications--$13.25; +0.26; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/a/athr.html
STATUS: Test 18 day EMA. A new issue in February 2004, ATHR proceeded to fall from 18 to 6. That was the bottom back last summer and it rallied back up through December. It peaked there and then formed a 10 week cup with handle base. It broke out in late February, rallied to 14, and as come back on low volume to test the move, landing at the 18 day EMA (12.79). It has held and looks ready to rebound; just needs some volume. Accumulation is a excellent at 4 to 1 (4 up price weeks on rising volume to 1 down price weeks on rising volume) shows solid buying in this first real base. Strong money flow is surging higher ahead of price. Looking for ATHR to follow it back up.
Volume: 425.919K Avg Volume: 567.909K
BUY POINT: $13.66 Volume=700K Target=$16.45 Stop=$13.05
POSITION: QRA FV - June $12.50c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/athr.html
Play Date: 03/07/2005
HOLX (Hologic--$37.40; 0.00; optionable): Medical appliances
http://biz.yahoo.com/p/h/holx.html
After Hours: $37.17
STATUS: Flying plateau. HOLX exploded higher in late January on a very strong earnings report. It rallied to 38 and stalled out. It did not tank but instead moved laterally the past 5 weeks on mostly lower volume. Some nice volume spikes along the way show some strong buying. Strong money flow and relative strength show the stock's strength. The range has tightened and we are looking for volume to jump as it makes the break higher from this range.
Volume: 212.319K Avg Volume: 261.318K
BUY POINT: $38.48 Volume=392K Target=$45 Stop=$36.84
POSITION: QHX FG - June $35c (71 delta) &/or Stock
http://www.investmenthouse.com/ci/holx.html
Play Date: 03/07/2005
ORBK (Orbotech--$23.58; +1.18; optionable): Scientific & technical instruments
http://biz.yahoo.com/p/o/orbk.html
STATUS: Cup w/handle. Big volume Monday as ORBK started the breakout move from its 14 month base. It gave back almost half the move by the close. Accumulation in the pattern is excellent at 18 to 9 (18 up price weeks on rising volume to 9 down price weeks on rising volume), showing a lot of buyers as it consolidated. Money flow is strong and leading higher ahead of the stock. ORBK is showing every intention of following that money flow higher.
Volume: 442.471K Avg Volume: 152.772K
BUY POINT: $23.75 Volume=229K Target=$27.95 Stop=$22.55
POSITION: OKQ GX - July $22.50c (69 delta) &/or Stock
http://www.investmenthouse.com/ci/orbk.html
Play Date: 03/07/2005
WHT (Wheaton River Minerals--$3.53; -0.02; no options): Gold mining
http://biz.yahoo.com/p/w/wht.html
STATUS: Cup w/handle. A neat base on base pattern has formed the past 11 months, the first a 7 month double bottom with handle was followed by the current 3.5 month cup with handle. Excellent 6 to 2 accumulation shows solid buying as it based. The base on base pattern really works to weed out the sellers and set the stage for a good run. This last pattern formed along the 50 day EMA (3.31), a very important institutional support level where the big money steps in to support the stock. Money flow is strong and moving higher ahead of the price. Looking for a good volume surge on a continued move higher to enter the position as it breaks toward a new high.
Volume: 888.6K Avg Volume: 3.274M
BUY POINT: $3.67 Volume=4.9M Target=$4.58 Stop=$3.41
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/wht.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 option
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