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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: MATR; EMR; LF
Tuesday night play results:
CLHB: Gapped higher but faded back on lower volume. Still ready to go.
ISRG: Blasted higher out of the gate and never came back.
CTSH: Gapped higher and faded back on lower volume. It too is still ready to go.
NCR: Now it is ready.
New Plays:
Upside:
Play Date: 04/06/2005
IDXC (IDX Systems--$35.20; +0.18; optionable): Healthcare information systems
http://biz.yahoo.com/p/i/idxc.html
STATUS: Ascending triangle. IDXC is making a higher low over the 50 day EMA (34.18) as it moves toward the breakout from its 14 month base roughly using the 200 day SMA (32.55) as the lows of the pattern. This last little higher low at the 50 day often signals that the breakout is coming. Strong 12 to 8 accumulation in the pattern (12 up price weeks on rising volume to 8 down price weeks on rising volume) shows net accumulation that sets up the breakout and run higher. Strong money flow is rallying higher ahead of price and we anticipate the price to lead the stock to the breakout. Volume jumped well above average Wednesday as it held steady. Looks ready.
Volume: 224.305K Avg Volume: 135.909K
BUY POINT: $36.35 Volume=225K Target=$42 Stop=$34.55
POSITION: XQW HG - Aug. $35c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/idxc.html
Play Date: 04/06/2005
ISSC (Innovative Solutions--$34.10; +0.31; no options): Flight information computers, flat panels, monitoring systems for DOD
http://biz.yahoo.com/p/i/issc.html
After Hours: $34.11
STATUS: Cup w/handle. Volume is swelling as ISSC bangs at the breakout point of its 15 week base, a move that will take it to a new all-time high. Very nicely formed pattern, using the 50 day EMA (31.17) as its support level as it took shape. Positive 3 to 2 accumulation and relative strength ready to breakout, a very good confirmation of the actual price move.
Volume: 185.559K Avg Volume: 196.363K
BUY POINT: $34.58 Volume=300K Target=$39.78 Stop=$32.78
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/issc.html
Play Date: 04/06/2005
JAH (Jarden--$47.11; +1.18; optionable): Consumer products (Coleman, Diamond, First Alert, Ball, etc.). Forecast to announce a split 4-28-05.
BACKGROUND: Last announced a 3:2 split on 10-31-03 at a price of $41.50.
http://biz.yahoo.com/p/j/jah.html
STATUS: Double bottom w/handle. Volume jumped Wednesday as JAH ran toward the breakout point of its 8 week pattern that formed roughly around the 50 day EMA (44.65), using that key support level to set up. Strong 4 to 2 accumulation in the base (4 up price weeks on rising volume to 2 down price weeks on rising volume) shows net buying and has set up the breakout move. Looks super.
Volume: 484.9K Avg Volume: 306.5K
BUY POINT: $47.53 Volume=460K Target=$54 Stop=$45.22
POSITION: JAH GI - July $45c (69 delta) &/or Stock
http://www.investmenthouse.com/ci/jah.html
Play Date: 04/06/2005
OSG (Overseas Shipholding--$64.89; +1.51; optionable): Shipping
http://biz.yahoo.com/p/o/osg.html
STATUS: Cup w/handle. Volume was back up to average Wednesday as OSG started toward the breakout from its 17 week base. The handle to the pattern is a nice little 5 week double bottom with handle itself, a pattern within a pattern. The handle used the 50 day EMA (61) as support, setting up the breakout move. Positive 5 to 4 accumulation shows net buyers. Ready for a breakout and a new all-time high.
Volume: 542.6K Avg Volume: 549.409K
BUY POINT: $65.45 Volume=823K Target=$78 Stop=$62.22
POSITION: OSG GM - July $65c (46 delta) &/or Stock
http://www.investmenthouse.com/ci/osg.html
Downside:
Play Date: 04/06/2005
FRK (Florida Rock--$57.09; -0.74; optionable): Cement
http://biz.yahoo.com/p/f/frk.html
STATUS: Put. Materials are under pressure, and after an 8 week lateral move that was a broad and shallow head and shoulders top. It broke down below the 50 day EMA (60.30) to end March, moved laterally last week, and then started lower Wednesday on a strong volume surge. Looks ready for a much further drop as money flow has rolled over as well. A move to the target gives us a 40%ish gain.
Volume: 385K Avg Volume: 202.318K
BUY POINT: $56.98 Volume=260K Target=$54.78 Stop=$57.38
POSITION: FRK QL - May $60p (-75 delta)
http://www.investmenthouse.com/ci/frk.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 split
stock recommendation
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