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us stock market, stock ticker
Begin part 3 of 3
THE PLAYS
Good movers: CRZO; ENER; ENER; AN
Thursday night play results:
NGPS: Strong volume but gave back much of the move.
THE: A nice continuation of the Thursday move off the 50 day EMA.
JILL: No volume on the drop but a nice price move.
New Plays:
Upside:
Play Date: 04/03/2005
PUMP (Animas--$20.10; -0.11; no options): Medical appliances
http://biz.yahoo.com/p/p/pump.html
STATUS: Test 50 day EMA. PUMP has set up for the next entry point after giving us a nice little gain following a super breakout in February. The stock was a new issue in May 2004, has set up and broken out of its first base, and is making the first test of that breakout. The first test is one of our favorite entry points, and this one held a key level at the 50 day EMA (19.64). Strong money flow is moving higher ahead of price and we are looking for PUMP to follow it. Need to see some more volume as it bounces off the 50 day and moves through the buy point.
Volume: 127.16K Avg Volume: 207.629K
BUY POINT: $21.22 Volume=311K Target=$24.75 Stop=$20.38
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/pump.html
Play Date: 04/03/2005
DJO (DJ Orthopedics--$24.95; -0.1; optionable): Medical appliances
http://biz.yahoo.com/p/d/djo.html
STATUS: Flat base. Volume has started to jump the past few sessions as DJO probes the breakout from its 7 week flat pattern formed over the 50 day EMA (23.95). Excellent 3 to 0 accumulation (3 up price weeks on rising volume to 0 down price weeks on rising volume) shows all buyers as it has made this lateral consolidation over key support as the rest of the market sold off. This is part of a larger 16 month double bottom with handle base, and this nice, orderly lateral move along the 50 day is setting up the breakout move. A consistent market leader that is ready to make the next move.
Volume: 231.6K Avg Volume: 230K
BUY POINT: $25.88 Volume=345K Target=$30 Stop=$24.48
POSITION: DJO IE - Sept. $25c (62 delta) &/or Stock
http://www.investmenthouse.com/cd/djo.html
Downside:
Play Date: 04/03/2005
EMR (Emerson Electric--$63.96; -0.97; optionable): Industrial, commercial and consumer electrical and electronic equipment
http://biz.yahoo.com/p/e/emr.html
STATUS: Put. EMR broke out of a 10 month cup with handle base in late October and rallied to 70. It peaked there in December and rolled over, making a series of lower and lower highs this year. Last week it broke through the bottom of the 2005 base, falling through the 200 day SMA (64.83) on strong volume. A lower volume rebound Wednesday and Thursday tried to make a recovery, but Friday it rolled over on a big volume surge, closing back below that key 200 day. Diving money flow is leading lower. Looking to move in on a further decline. A move to the targets garners a nice 46%ish gain.
Volume: 2.023M Avg Volume: 1.307M
BUY POINT: $63.82 Volume=1.5M Target=$61.78 Stop=$64.48
POSITION: EMR QM - May $65p (-60 delta)
http://www.investmenthouse.com/cd/emr.html
Play Date: 04/03/2005
JNPR (Juniper Networks--$21.53; -0.53; optionable): PC networking
http://biz.yahoo.com/p/j/jnpr.html
After Hours: $21.45
STATUS: Put. Taking another run at JNPR as it continues to struggle lower. The stock showed a small double top at the November and December highs and has trended lower since, using the 10 day EMA (21.62) as resistance. The past month it has bounced up to the 50 day EMA (22.76), a normal look around after the hard selling, kind of like catching its breath. All this did is set up more downside, however, as it tapped at the 50 day Friday and then rolled over on rising though still below average volume. Looks ready to make the next leg lower, and we are looking to move in and capture a 40%ish move down to the target.
Volume: 7.721M Avg Volume: 9.195M
BUY POINT: $21.44 Volume=12M Target=$20.08 Stop=$21.79
POSITION: JUX QX - May $22.50p (-67 delta)
http://www.investmenthouse.com/cd/jnpr.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
Still looking for a few good stocks to replace GTRC, MSTR, EASI, and possibly UPL.
BR: Nice gap higher as it continues its move off the 50 day EMA. Anticipating a test or lateral move when it hits 52.50. A test or handle at that point sets up a good entry point.
TSRA: Low volume as it moves laterally over the 10 day EMA.
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.
Downside:
IMGN: Working laterally the pat two weeks, holding right over 5 as the 18 day EMA presses down from the top. Volume was up and above average Friday as it sold back to that point. This is support from September and October; a break lower through this level is a downside opportunity.
CALM: The low carb diet has made its run, and obviously so has CALM. It is trending lower, moving down the 10 day EMA the past two months. It may get another downside run from this most recent test of the 10 day EMA, but we note this is the third bounce up to that level. It has one, maybe two more such tests in this trendl lower before it rallies back up to the 50 day EMA for a breath of fresh air.
Upside:
DRAX. In a 13 month base that has used the 200 day SMA as support the entire pattern. It has rallied up to the November high the past month, showing some solid volume. It is now working laterally, testing the move and setting up for the next break higher.
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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