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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: ACMR; SOSA; UNWR
Tuesday Night Play Results:
ADEX: Still setting up very nicely.
BBY: Took a breather after the Wednesday bounce.
CPKI: Now it is ready to make the move.
ODP: Low volume breather. Still ready to move.
New Plays:
Upside:
Play Date: 06/29/2005
CRZO (Carrizo Oil & Gas--$17.06; -0.08; optionable): Independent oil and gas
http://biz.yahoo.com/p/c/crzo.html
STATUS: Reverse head and shoulders. Very nicely formed 12 week base is just about wrapped up. Formed along the 50 day EMA (16.16). Volume has surged the past week, and that often precedes a breakout from a nice base. Strong leader in the energy sector.
Volume: 346.687K Avg Volume: 366.955K
BUY POINT: $18.05 Volume=550K Target=$21 Stop=$16.95
POSITION: QOW JW - Oct. $17.50c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/crzo.html
Play Date: 06/29/2005
DO (Diamond Offshore--$53.4; +0.06; optionable): Oil and gas drilling
http://biz.yahoo.com/p/d/do.html
STATUS: Test breakout. DO surged out of a nice 13 week cup with handle base in early June. It has come back to test the move this past week on lower and lower, below average volume. Very nice test, showing a tight doji over the 18 day EMA Wednesday. That sets up the next move higher. Excellent money flow is leading the way. Looking for volume to surge as it continues the rebound move. Powerful mover.
Volume: 1.516M Avg Volume: 2.144M
BUY POINT: $54.05 Volume=2.2M Target=$64 Stop=$52.22
POSITION: DO LK - Dec. $55c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/do.html
Play Date: 06/29/2005
OPTN (Option Care--$14.28; +0.01; optionable): Home health care
http://biz.yahoo.com/p/o/optn.html
STATUS: Double bottom w/handle. Volume has trailed off the past week as OPTN continues to work on the three week handle to its 12 week base. Split in early April and fell into the current base, holding roughly along the 50 day EMA (13.73) as it formed up the pattern. Positive 3 to 2 accumulation during the base (3 up price weeks on rising volume to 2 down price weeks on rising volume) is setting up the breakout. Good move off the 50 day EMA Tuesday, and looking for OPTN to give us a breakout move.
Volume: 142.305K Avg Volume: 379.549K
BUY POINT: $14.62 Volume=569K Target=$17 Stop=$13.75
POSITION: UOB JC - Oct. $15c (50 delta) &/or Stock
http://www.investmenthouse.com/ci/optn.html
Play Date: 06/29/2005
PPD (Pre-Paid Legal--$44.49; +0.6; optionable): Legal services on an insurance payment basis
http://biz.yahoo.com/p/p/ppd.html
STATUS: Breakout test. PPD surged out of a 6 month saucer base sporting excellent 8 to 2 accumulation (8 up price weeks on rising volume to 2 down price weeks on rising volume). That sets up the breakout and the following run. It surged over 46 and has spent the past week testing that move, holding the 10 day EMA (43.62). Started back up on average volume Wednesday. Looks ready to continue the breakout run.
Volume: 105K Avg Volume: 105K
BUY POINT: $44.72 Volume=165K Target=$51.88 Stop=$43.39
POSITION: PPD KV - Nov. $42.50c (65 delta, low OI) &/or Stock
http://www.investmenthouse.com/ci/ppd.html
Play Date: 06/29/2005
WCG (Wellcare Health Plans--$36.25; +0.7; no options): Health care plans
http://biz.yahoo.com/p/w/wcg.html
STATUS: Cup w/handle. A new issue in July 2004 and this is its first real base a very nice 20 week pattern that roughly used the 50 day EMA (33.87) as support. The past week it has hugged the 18 day EMA (35.34) on the lows as volume starts to swell to above average levels. Strong 6 to 3 accumulation shows plenty of buying setting up the breakout. With this volume swelling it looks ripe for the breakout.
Volume: 573K Avg Volume: 222.884K
BUY POINT: $37.21 Volume=400K Target=$43 Stop=$35.11
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/wcg.html
Good Investing!
Jon L. Johnson and your IH Alerts Team
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 in 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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stock split
stock recommendation
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