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us stock market, stock ticker
Begin part 3 of 3
THE PLAYS
Good movers: GENZ; UTHR; EMR; EPIC
Monday night play results:
AYE: Nice continued move higher off the 50 day EMA.
ENDP: Gapped higher but then faded as volume was not there.
INFA: Started higher on good volume and still a buy on this move.
New Plays:
Upside:
Play Date: 04/20/2005
APCS (Alamosa Holdings--$12.89; +0.09; optionable): Wireless communications
http://biz.yahoo.com/p/a/apcs.html
After Hours: $12.92
STATUS: Cup w/handle. Relative strength is breaking out as APCS tries the break from its 13 week base as volume surges well above average. Solid 3 to 1 accumulation (3 up price weeks on rising volume to 1 down price weeks on rising volume) shows buyers in the lead as the stock set up along the 50 day EMA (12.24) for its next move. Strong money flow. The Wednesday selling knocked it back, but still holding the pattern and showing excellent strength. May test back toward the 10 day EMA (12.46) after the Wednesday doji, but we are going to be patient and just let it show us the breakout move. It has held up very well in all the selling, a real testament.
Volume: 3.594M Avg Volume: 1.782M
BUY POINT: $13.22 Volume=2.5M Target=$15.88 Stop=$12.39
POSITION: CUT IV - Sept. $12.50c (63 delta) &/or Stock
http://www.investmenthouse.com/cd/apcs.html
Play Date: 04/20/2005
DJO (DJ Orthopedics--$25.27; +0.62; optionable): Medical appliances
http://biz.yahoo.com/p/d/djo.html
STATUS: Flat base. DJO is back on the report after a solid rebound Wednesday off of the 50 day EMA (34.45) as volume jumped back above average. Got a bit rocky with the Monday selling to the 50 day on rising volume, but a nice save and the volume on the rebound shows accumulation. This continues its 10 week flat base over the 50 day, showing strong 3 to 1 accumulation (3 up price weeks on rising volume to 1 down price weeks on rising volume). Relative strength is ready to breakout, showing the stock's strength as the market sells.
Volume: 344K Avg Volume: 192.727K
BUY POINT: $25.75 Volume=345K Target=$30.15 Stop=$24.89
POSITION: DJO IE - Sept. $25c (62 delta) &/or Stock
http://www.investmenthouse.com/cd/djo.html
Downside:
Play Date: 04/20/2005
SYNA (Synaptics--$20.05; -0.29; optionable): User interface solutions for notebook computers (i.e. touch pads).
http://biz.yahoo.com/p/s/syna.html
After Hours: $20.20
STATUS: Put. Earnings are out Thursday after the close, but SYNA's pattern looks to be telling the story. It tanked hard in early February on worries about losing its pact with AAPL, recovered later in the month on news it was still being used in the new iPod, but then fell again last week, gapping lower. It has come back on lower, below average volume the past week to test that move and partially fill the gap down. It tapped at the 18 day EMA (22.63) Wednesday and rolled back over. More aggressive as right before earnings, but the pattern is weak. A move to the target gets us a 37%ish gain.
Volume: 984.858K Avg Volume: 2.505M
BUY POINT: $19.91 Volume=2.5M Target=$17.87 Stop=$20.35
POSITION: QYG RD - June $20p (-44 delta)
http://www.investmenthouse.com/cd/syna.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: Turned back over Wednesday after trying to test the 10 day EMA. There is a possible downside play here on a continued move lower. A $2 move with June $30p options (-60 delta) nets a 34%ish gain.
BR: Looks ready to turn over here as it slips through the 50 day EMA. Needs a bit better volume.
STN: Key struggle here at the 50 day EMA as volume runs higher.
TSRA: Ready to fall from this test of the 50 day EMA breakdown.
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:
AVY: Massive gap lower Friday and a lateral move since. Wednesday it started back down on continued above average volume.
NETL: Hard drop Friday below the 50 day EMA and a modest bounce since. It fell below the 50 day Wednesday, but manage to rebound and hold that level on the close. Pretty strong stock despite the nasty Friday drop, but if it undercuts the 50 day on big volume again it likely tests 11 or lower.
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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