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us stock market, stock tip
Begin part 3 of 3
THE PLAYS
Good movers: AYE; ENER; TKTX; GRU; NXTP
Wednesday night play results:
ATAC: Volume was a bit better as it continues to move toward the breakout.
HTCH: Good volume once more as it tapped at the breakout point on the high. Still really solid.
TKTX: Nice continued move higher on lower but still average volume.
New Plays:
Upside:
Play Date: 04/07/2005
ALSK (Alaska Communications--$10.14; +0.14; no options): Alaskan telecom services
http://biz.yahoo.com/p/a/alsk.html
After Hours: $10.14
STATUS: Flying plateau. We were looking for a play on ALSK earlier when it was in its 13 week flat base moving laterally above the 50 day EMA (9.07). It gapped higher to the last week of March on strong volume, not giving much of a chance to move in. It moved to 10 and has moved laterally the past week in a tight range on lower, below average volume. These patterns are signals of strength: a stock that refuses to give back its gains even as the market sells is a stronger stock. Accumulation in the pattern was a strong 4 to 1 (4 up price weeks on rising volume to 1 down price weeks on rising volume), indicating plenty of buyers. Excellent money flow is evidence that the buyers are still there. Looking for the next volume move higher enter.
Volume: 132.709K Avg Volume: 439.818K
BUY POINT: $10.31 Volume=500K Target=$12.25 Stop=$9.82
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/alsk.html
Play Date: 04/07/2005
CYBX (Cybertronics--$45.79; +3.74; optionable): Medical appliances
http://biz.yahoo.com/p/c/cybx.html
After Hours: $45.80
STATUS: Breakout. Volume jumped Thursday as CYBX exploded higher, breaking out from its 8 week cup with handle base. This recent base consolidated a big gap higher in early February, showing excellent 3 to 0 accumulation in the pattern (3 up price weeks on rising volume to 0 down price weeks on rising volume). Tested back on very low volume this week, setting up the breakout move. Surging money flow shows the buyers are there, and relative strength broke out on the Thursday move, a good corroboration of the breakout. Ready to open a position on a continued move as it looks to have the juice.
Volume: 2.764M Avg Volume: 1.49M
BUY POINT: $46.05 Volume=1.5M Target=$52.94 Stop=$44.38
POSITION: QAJ GI - July $45c (61 delta) &/or Stock
http://www.investmenthouse.com/cd/cybx.html
Play Date: 04/07/2005
MACR (Macromedia--$35.36; +1.14; optionable): Multimedia & graphics software
http://biz.yahoo.com/p/m/macr.html
After Hours: $35.36
STATUS: Flat base. MACR ahs spent the past 7 weeks in a lateral move over the 50 day EMA (34.50), consolidating a strong January to February run. It got a bit choppy in late March as the market sold, but it held near the 50 day and recovered that level this week. It is starting higher, posting a solid move Thursday. Of course, volume did not move with it. Still a very nice pattern sporting solid 3 to 1 accumulation; net buyers tip the balance toward a breakout. Money flow is also excellent. Just ened to see that volume pick up as it continues its move.
Volume: 714.464K Avg Volume: 1.38M
BUY POINT: $35.65 Volume=2M Target=$41.15 Stop=$34.02
POSITION: MRQ HG - Aug. $35c (58 delta) &/or Stock
http://www.investmenthouse.com/cd/macr.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, HW, MSTR, STN, TSRA, UPL
Keep sending in the picks. We will post the new additions this weekend.
STN: Making the next breakout as the gaming stocks performed well.
TSRA: Still tapping at the next breakout point over 45.
UPL: In a dive again and a downside play toward the 200 day SMA just below 48.
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:
WSTL: After a nasty plunge to end March, WSTL has rebounded to the 18 day EMA on lower volume. Classic head and shoulders pattern, and this test is of the initial breakdown below the neckline. Looks ready to continue the move lower from here.
Upside:
SHLD: Following a strong surge last week, SHLD is making the test, moving back to the 10 day EMA on the Thursday low on lower volume. It showed a doji there and with this stock's momentum, it could very well move right back up.
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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us stock market
stock tip
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