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us stock market, stock ticker
Begin part 3 of 3
THE PLAYS
Good movers Tuesday: GOLD; PWI; VTIV; WHT; ALVR
Monday night play results:
HOLX: Still a very nice, tight and flat move.
FCEL: Volume was up as it rallied sharply, but it could not hold the move, coming back to show a big doji on top of the 10 day EMA. Still in play.
WHT: Nice breakout.
New Plays:
Upside:
Play Date: 03/08/2005
DOX (Amdocs--$29.17; -0.42; optionable): Software products for communications industry
http://biz.yahoo.com/p/d/dox.html
STATUS: Breakout test. DOX has formed a 7 week flat base that is acting as a second handle to a 12 month cup with handle base. Good price/volume action in the base, and the past 6 weeks have been on very light, below average volume as DOX made the test back after a massive break higher in January. Excellent 16 to 8 accumulation (16 up price weeks on rising volume to 8 down price weeks on rising volume) in the base shows net buying during the big pattern. It has used the 50 day EMA (28.35) as support on this test, the rebounding sharply Monday on an above average volume jump. Tuesday it eased back on very low trade, holding the 10 day EMA on the close. Flexing its muscles Monday; looks to be getting ready for the next move.
Volume: 937.4K Avg Volume: 1.399M
BUY POINT: $30.12 Volume=2.1M Target=$35.95 Stop=$29.05
POSITION: DOX GF - July $30c (49 delta) &/or Stock
http://www.investmenthouse.com/cd/dox.html
Play Date: 03/08/2005
ENDP (Endo Pharmaceuticals--$22.83; +0.58; optionable): Drugs
http://biz.yahoo.com/p/e/endp.html
STATUS: Cup w/handle. ENDP has formed a 16 week cup with handle pattern that is acting as the last part of a larger 11 month base. Accumulation in the current pattern is a solid 5 to 3, showing net buyers as it sets up the next move higher. After a solid move up to end February it has come back to test the move, holding the 18 day EMA (22.01) on the Tuesday low and rebounding on rising, above average volume. Strong money flow is leading higher. Looking to move in on a break over the recent highs.
Volume: 918.512K Avg Volume: 802.59K
BUY POINT: $23.12 Volume=1M Target=$26.68 Stop=$22.11
POSITION: IUK GX - July $22.50c (59 delta) &/or Stock
http://www.investmenthouse.com/cd/endp.html
Play Date: 03/08/2005
UPCS (Ubiquitel--$7.58; +0.01; optionable): Telecom wireless communications
http://biz.yahoo.com/p/u/upcs.html
After Hours: $7.55
STATUS: Ascending base. After a nice breakout and run higher October through December, UPCS has formed the current 11 week base over the 50 day EMA (7.00). The past two weeks it has edged higher on low volume, working up the 10 day EMA (7.41). The past two session it has sown dojis as it traded in a tight range. Accumulation is solid at 4 to 2, setting up the breakout move. Money flow is strong. Relative strength is ready to breakout as well. All are good signs for the stock moving forward. Looking for a strong break higher through these recent peaks. It may try a shakeout, i.e. a low volume pullback toward the 18 day EMA (7.29) or the 50 day EMA (7.00), but after another lateral move we suspect it is just going to try a break higher from here.
Volume: 741.571K Avg Volume: 908.09K
BUY POINT: $7.84 Volume=1.2M Target=$9.48 Stop=$7.32
POSITION: QQP FU - June $7.50c (58 delta) &/or Stock
http://www.investmenthouse.com/cd/upcs.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
EASI: Higher volume Tuesday as it rolled down and back through the 50 day EMA on the close. May be ready to fall after partially filling the gap lower.
HDWR: A bit rougher day after a good move higher. Metals were under pressure (except for gold). Still holding up well.
STN: A low volume test toward the 18 day EMA may be the shakeout that sets up a good 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:
GE: Trying to form a handle to an 11 week double bottom that has formed without a lot of fanfare. This could prove interesting for the market overall if this bellwether of the economy forms up and breaks out.
Downside:
BOO: After a nasty fall through the 200 day SMA last week, BOO has rebounded back to that level but is stalling out once more. It tends to make these lateral moves then drops.
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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