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us stock market, stock ticker
Begin part 3 of 3
THE PLAYS
Good movers: AYE; EFX; GENZ; INFA; NUVA; TZIX
Tuesday night play results:
ENER: Gapped higher but closed well off the high on strong trade.
STN: Gapped lower. Thud, crash.
SYD: Strong volume again and good gain. Ready to make the move.
IFF: Bombs away.
New Plays:
Upside:
Play Date: 04/27/2005
WYE (Wyeth--$44.11; +0.95; optionable): Drugs
http://biz.yahoo.com/p/w/wye.html
STATUS: Double bottom w/handle. Volume was back up and above average Wednesday as WYE moved off the 18 day EMA (43.23), the level that acted as support for the handle. Nice 14 week pattern has formed using the 200 day SMA (39.56) as support for the two legs. It used last week's market selling to come back and form the handle. Volume backed of, it moved laterally over the 18 day EMA, and then started back up Wednesday on that stronger shot of volume. Looking for volume to continue as WYE moves through the buy point.
Volume: 5.716M Avg Volume: 5.13M
BUY POINT: $44.44 Volume=7.5M Target=$49.95 Stop=$43.05
POSITION: WYE JI - Oct. $45c (57 delta) &/or Stock
http://www.investmenthouse.com/cd/wye.html
Continuing plays that look ready to make the move:
Play Date: 04/21/2005
CRYP (Cryptologic--$31.27; +0.38; optionable): Business software and services
http://biz.yahoo.com/p/c/cryp.html
STATUS: Pennant. The pattern has moved to a pennant with CRYP working laterally the past week in a very tight range over the 50 day EMA (29.92). Unlike the indices, CRYP is showing very good consolidation action: low volume, tight range, very quiet. Nice 7 week pattern ice 7 week pattern. Money flow is moving higher as the stock works laterally. Setting up very nicely for the break higher.
Volume: 122.708K Avg Volume: 288.727K
BUY POINT: $31.66 Volume=400K Target=$37.88 Stop=$30.12
POSITION: UFW GF - July $30c (64 delta) &/or Stock
http://www.investmenthouse.com/cd/cryp.html
Play Date: 04/20/2005
DJO (DJ Orthopedics--$25.50; +0.68; optionable): Medical appliances
http://biz.yahoo.com/p/d/djo.html
STATUS: Ascending triangle. A very nice 12 week base has formed using the 50 day EMA (24.58) as support as it makes higher and higher lows below a constant top at 26. It is pinching off in the pattern and volume moved up to average Wednesday as the stock tapped the 50 day EMA on the low and rebounded for a nice gain. Looks ready to make the breakout move. Strong 3 to 1 accumulation (3 up price weeks on rising volume to 1 down price weeks on rising volume). Looking for that volume to continue higher as it continues through the buy point.
Volume: 202.5K Avg Volume: 203.907K
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
Play Date: 04/25/2005
SIVB (Silicon Valley Bancshares--$46.96; +0.65; optionable): Regional Pacific banks
http://biz.yahoo.com/p/s/sivb.html
STATUS: Breakout test. Volume backed off to below average Wednesday as SIVB moved off the 18 day EMA (45.94). It looks to have completed the test, but volume needs to at least move back above average as it makes the move. A nice 14 week ascending triangle that broke out two weeks back, ignoring the market and its selling. A nice, orderly test of that strong volume move has set up the rebound. Strong 5 to 2 accumulation shows the buying interest along with money flow surging ahead of price. Ready to continue the move.
Volume: 375.215K Avg Volume: 356.6K
BUY POINT: $47.11 Volume=515K Target=$53 Stop=$45.55
POSITION: SQU HI - Aug. $45c (73 delta) &/or Stock
http://www.investmenthouse.com/cd/sivb.html
Play Date: 04/26/2005
SYD (Sybron Dental--$37.64; +0.9; optionable): Medical instruments
http://biz.yahoo.com/p/s/syd.html
STATUS: Cup w/handle. Was just put on last night, but it looks great. Reported solid results after hours Tuesday and that shot it up to 38 on the session high. It did not hold that move, coming back to close just below the buy point. Relative strength breakout; the stock typically follows. Very well formed 12 week base that used the 50 day EMA (36.28) as support. Strong money flow. Strong 3 to 1 accumulation as well.
Volume: 255.6K Avg Volume: 225.27K
BUY POINT: $37.86 Volume=322K Target=$42.88 Stop=$36.55
POSITION: SYD JG - Oct. $35c (63 delta) &/or Stock
http://www.investmenthouse.com/cd/syd.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
Still taking new suggestions for the portfolio. Keep those suggestions coming.
BR: Oil and gas stock, and it fell hard to the 50 day EMA on much stronger, average trade. Looks weak here after a double top and a lower high last week.
HW: Nice move back through the 50 day EMA after it collapsed to the 200 day SMA two weeks back. Unexpected strength.
TSRA: How a market leader implodes. Note how the selling has increased as it moves below the 200 day SMA as the big institutions dump it.
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:
NOK: Trying to form a handle the past week to a 5.5 month Double bottom w/handle base. Big gap higher last week and has now faded to tap the 10 day EMA. Volume jumped back up as it moved off of that level Wednesday.
Downside:
APC: Made a higher low in early April, sold lower and through the 50 day EMA. Recovered on low volume but then turned lower again Wednesday. Looks ready to drop through that level as it has now made a second lower high.
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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