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us stock market, stock ticker
Begin part 3 of 3
THE PLAYS
Good movers: COHR; EMC; LPNT
Tuesday night play results:
NTES: Nice pullback testing the breakout.
SGMS: Held steady on lower volume, ready to continue the break higher.
FLR: Low volume lateral move continues.
INFA: Still working laterally on low volume.
New Plays:
Upside:
Play Date: 06/08/2005
AMMD (American Medical Systems--$20.27; -0.04; optionable): Medical appliances
http://biz.yahoo.com/p/a/ammd.html
After Hours: $20.30
STATUS: Double bottom w/handle. AMMD is working on a lateral move over the 10 day EMA (20.15), forming the handle to its 5.5 month base. Positive 5 to 4 accumulation sets the foundation for a breakout and run higher. After a long run higher in 2003 and 2004 AMMD needed this break this base is giving it the breather it needed to set up for the next run higher. Just being patient as we let it finish the pattern and then show us a strong upside volume breakout.
Volume: 338.156K Avg Volume: 427.608K
BUY POINT: $20.78 Volume=641K Target=$24.95 Stop=$19.88
POSITION: FGU HD - Aug. $20c (56 delta) or FGU KD - Nov. $20c (54 delta) &/or Stock
http://www.investmenthouse.com/cd/ammd.html
Play Date: 06/08/2005
JNPR (Juniper Networks--$24.6; -0.19; optionable): Networking and communication hardware
http://biz.yahoo.com/p/j/jnpr.html
After Hours: $24.64
STATUS: Test 200 day SMA. After a 5 month pullback that started in December, JNPR has rallied off the lows near 20, forming part of the right side of its cup base. After reaching 26 it stalled and has fallen back to the 200 day SMA (24.51) on lower below average volume. Looking for JNPR to hold the 200 day and give us a strong move higher through the 10 day EMA (25.11) on a solid shot of volume. Well positioned to continue the formation of its pattern.
Volume: 4.419M Avg Volume: 7.96M
BUY POINT: $25.22 Volume=10M Target=$30.25 Stop=$24.44
POSITION: JUX JE - Oct. $25c (55 delta) &/or Stock
http://www.investmenthouse.com/cd/jnpr.html
Play Date: 06/08/2005
KEYW (Essex Corp.--$20.27; +0.48; optionable): Information processing solutions for US intelligence and defense
http://biz.yahoo.com/p/k/keyw.html
STATUS: Cup w/handle. Volume surged Wednesday as KEYW surged to 21.35 on the high before closing with a modest gain. Looks ready to make the breakout from its 5.5 month base sporting excellent 6 to 2 accumulation. Good move Wednesday, just the market was not ready for it. Money flow is strong and relative strength is ready for the breakout move, a good corroboration of the price move.
Volume: 659.169K Avg Volume: 233.055K
BUY POINT: $20.45 Volume=350K Target=$24.54 Stop=$19.11
POSITION: PUE KD - Nov. $20c (55 delta) &/or Stock
http://www.investmenthouse.com/cd/keyw.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, CELG, BLUD, BR, COH, HW, PSYS, RTSX, STN
RTSX: Strong volume Tuesday as RTSX tapes at 24, the near resistance level in its 10 week lateral move.
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:
BBG: Strong volume Wednesday as BBG starts the breakout from its first base formed since it came public in December. Nice money flow leading higher.
AX: A new issue in August, AX exploded higher in April, gapping $8 and then running higher. Kind of extended here, but if it moves laterally a couple more sessions it may give us another run.
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 ticker
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