us stock market, stock recommendation

Begin part 3 of 3

THE PLAYS

Good movers: ATK; CHTT; LCAV; PRZ; ULTI; USU

Monday night play results:
ATK: Nice move higher off 18 day EMA.
ECA: Sold to the 18 day EMA on rising volume. Not the best action.
HNT: Good volume and still looks ready to make the move.
WDC: Eased back some of the gain on lighter volume.

New Plays:

Upside:

Play Date: 03/22/2005
COH (Coach--$56.28; +0.48; optionable): High end handbags, etc. Splits 2:1 on 4-5-05
http://biz.yahoo.com/p/c/coh.html
STATUS: 50 day EMA test. After gapping higher to start the month, moving out of a 9 wee double bottom base, COH has traded back to the 50 day EMA (55.87) on lower volume as the market sold off. It closed at the 50 day Monday and rebounded Tuesday. It tapped the 10 and 18 day EMA (57.13, 57.10) on the Tuesday high but backed off to the close given the overall market selling. A leader that has held key support as the rest of the market sold off. Money flow remains strong as it makes this pullback. Solid 4 to 2 accumulation (4 up price weeks on rising volume to 2 down price weeks on rising volume) show net buying in the base and have set up the upside move. Looking for volume to jump back above average as it clears the short term MA.
Volume: 987.3K Avg Volume: 1.229M
BUY POINT: $57.24 Volume=1.4M Target=$64 Stop=$55.78
POSITION: COH HK - Aug. $55c (63 delta) &/or Stock
http://www.investmenthouse.com/ci/coh.html

Play Date: 03/22/2005
DADE (Dade Behring Holdings--$60.01; -0.58; optionable): Diagnostic substances
http://biz.yahoo.com/p/d/dade.html
STATUS: 50 day EMA test. DADE made us some money earlier in the year as it broke out of a 16 week base in mid-January, and it rallied up the short term MA (10 day EMA at 61.01, 18 day EMA at 61.11). In the market selling this month DADE has eased back to the 50 day EMA (59.76) on lower, below average volume. This test also holds the breakout and keeps the pattern in tact. Accumulation in that base was an excellent 7 to 3, setting up the breakout and run. Nice test with money flow holding up well on this test and relative strength doing the same. Looking for volume to jump as it moves up through the 10 and 18 day EMA.
Volume: 85.228K Avg Volume: 221.863K
BUY POINT: $61.15 Volume=300K Target=$68 Stop=$59.64
POSITION: JDQ HL - Aug. $60c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/dade.html

Play Date: 03/22/2005
GET (Gaylord Entertainment--$41.31; -0.14; optionable): Hospitality company geared toward large group meetings.
http://biz.yahoo.com/p/g/get.html
STATUS: 50 day EMA. Taking another run at this strong market leader that has eased back to the 50 day EMA (41.25) on low volume during the market selling. It broke out from a short 8 week cup with handle in February, a base that formed using the 50 day as support on the low. Positive accumulation shows net buyers and money flow has held up well during the pullback. Looking for volume to jump as it makes its move through the short term MA (18 day EMA at 42.16, 10 day EMA at 42.03).
Volume: 111.1K Avg Volume: 200.909K
BUY POINT: $42.22 Volume=300K Target=$48 Stop=$41.11
POSITION: GET GH - July $40c (70 delta) &/or Stock
http://www.investmenthouse.com/ci/get.html

Play Date: 03/22/2005
VMSI (Ventana Medical Sys.--$34.77; +0.72; optionable): Medical instruments
http://biz.yahoo.com/p/v/vmsi.html
STATUS: 50 day EMA test. Another strong stock that has pullback back to the 50 day EMA (33.59) on mostly below average volume. It broke out from a 5 month base in early November and has rallied to 36 on that move. It made one test of the 50 day to start the year; strong breakouts make periodic tests of that key support on their runs. It has spent the past 6 weeks making this pullback. Volume jumped Friday and again Tuesday, making the bounce Tuesday off the 50 day. Looks ready to resume the move with relative strength making the breakout ahead of the stock, a bullish indication.
Volume: 389.511K Avg Volume: 348.818K
BUY POINT: $35.12 Volume=400K Target=$40 Stop=$33.88
POSITION: UMI FG - June $35c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/vmsi.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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