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us stock market, stock ticker
Begin part 3 of 3
THE PLAYS
Good movers: AN; ATYT; EMR; EP; FSH; JNPR; LOW
Wednesday night play results:
TZIX: Holding the 50 day EMA at the bottom of its triangle.
UBET: Holding up very well on low volume at the 10 day EMA.
LOW: Diving lower.
New Plays:
Upside:
Play Date: 04/14/2005
HYTM (Hythiam--$8.27; +0.12; no options): Specialized health services
http://biz.yahoo.com/p/h/hytm.html
STATUS: Ascending triangle. Volume is surging the past week as HYTM makes a higher low at the 18 day EMA (8.05) in its 7 week base that has formed using the 50 day EMA (7.59) as support. A higher low in these patterns often indicates a breakout ahead. Excellent 3 to 0 accumulation in the base shows all buyers (3 up price weeks on rising volume to 0 down price weeks on rising volume). Money flow is surging higher ahead of price and with volume working for it as well, it is ready. A breakout sends it to an all-time high for this 15 month old stock. Very nice.
Volume: 324.83K Avg Volume: 103.545K
BUY POINT: $8.55 Volume=155K Target=$10.25 Stop=$8
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/hytm.html
Play Date: 04/14/2005
HLEX (Healthextras--$17.06; +0.31; optionable): Pharmacy benefit management services
http://biz.yahoo.com/p/h/hlex.html
After Hours: $17.18
STATUS: Ascending triangle. The current 15 week base formed on the heels of the breakout from a 20 week cup with handle. This base on base combination often yields great runs after the breakout as it is very good at weeding out the sellers. The 3 to 1 accumulation does not hurt, showing plenty of buyers. It formed using the 50 day EMA (16.55) as its primary support, a good level for this pattern. Volume surged Thursday as HLEX jumped off the 50 day EMA and moved close to the breakout point. Solid money flow is leading higher, and relative strength is ready to breakout, a very good indication for the stock.
Volume: 513.078K Avg Volume: 265K
BUY POINT: $17.32 Volume=500K Target=$20.55 Stop=$16.38
POSITION: HUE IW - Sept. $17.50c (52 delta) &/or Stock
http://www.investmenthouse.com/cd/hlex.html
Play Date: 04/14/2005
MSCC (Microsemi--$15.25; -0.6; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/m/mscc.html
After Hours: $15.22
STATUS: Rolling. MSCC has been rolling up and down between 15 and 18 the past 18 weeks, bottoming right above the 200 day SMA (14.83) on each leg of the move. Volume was strong Tuesday, but it backed off to below average levels the past two sessions as the market sold, showing no real dumping of the stock. Thus we anticipate it will hold near the 200 day SMA. We are going to be patient, let it make the test of 15 or on down to 14.83, then catch it as it rebounds on rising volume.
Volume: 645.194K Avg Volume: 656.136K
BUY POINT: Test 15 then $15.37 on the rebound. Volume=984K Target=$18.45 Stop=$14.77
POSITION: QMS IC - Sept. $15c (61 delta) &/or Stock
http://www.investmenthouse.com/cd/mscc.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.
AAPL, BLUD, BR, COH, HW, STN, TSRA
AAPL: Bombed on the earnings, gaping lower and selling further. Managed to move off the session lows by 40 cents, hardly buyers swarming in looking for a bargain.
COH: Not recovering the 50 day EMA and indeed moving the other way.
TSRA: Another test of the 50 day EMA on rising volume. Key point for TSRA. It did rebound to hold near the 50 day.
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:
PDCO: Medical equipment. Big run after splitting in late October. It has formed a short 5 week cup that it broke out from, moved to 52, and now back down to the 18 day EMA. Looks very good.
CERN: Big breakout in early April, moving to 59. It pulled back some and has continued higher. Running into some resistance at 58. Looking for a teat of the 10 day EMA near 56 to set up the next move.
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
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