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Begin part 3 of 3
THE PLAYS
Good Movers: AMMD; COH; FMX; GW; HANS; IDIX; NCRX; NUVA; PLMD; PPD; PXP; RRC
Weekend play results:
OPMR: Volume dried up as OPMR held steady.
PQUE: Edged higher, struggling to continue the Friday move. Still solid but needs more trade to push it.
VTAL: Gapped higher but no volume yet.
XMSR: Held steady on lower, below average volume.
New Plays:
Upside:
Play Date: 07/05/2005
NBR (Nabors Industries--$62.86; +2.18; optionable): Oil and gas driller
http://biz.yahoo.com/p/n/nbr.html
STATUS: Reverse head and shoulders breakout. Making the breakout move on rising, above average volume Tuesday, starting the move out of its 16 week pattern. Solid 4 to 2 accumulation (4 up price weeks on rising volume to 2 down price weeks on rising volume) in the base has set up the move. Relative strength has broken out as well a good corroboration of the break higher. Ready to start positions on a further move and then more on a successful test of the move.
Volume: 2.029M Avg Volume: 1.9M
BUY POINT: $62.98 Volume=2.9M Target=$70.97 Stop=$60.48
POSITION: NBR LM - Dec. $65c (48 delta) &/or Stock
http://www.investmenthouse.com/cd/nbr.html
Play Date: 07/05/2005
NSTK (Nastech Pharmaceuticals--$14.47; +0.3; optionable): Drug delivery
http://biz.yahoo.com/p/n/nstk.html
STATUS: Cup w/handle. Volume rallied above average as NSTK moved up off the 10 day EMA (14.06), the level that acted as support for the handle of NSTK's 28 week base. Very nicely formed and sporting excellent 8 to 3 accumulation. Looks ripe and very solid as it starts toward the breakout. Not much to say about it because it is such a nice pattern.
Volume: 407.506K Avg Volume: 194.829K
BUY POINT: $14.99 Volume=292K Target=$17.45 Stop=$13.98
POSITION: QUH LC - Dec. $15c (54 delta) &/or Stock
http://www.investmenthouse.com/cd/nstk.html
Play Date: 07/05/2005
VCLK (Valueclick--$12.54; +0.35; optionable): Marketing and advertising.
http://biz.yahoo.com/p/v/vclk.html
After Hours: $12.45
STATUS: Cup. Nicely moving up to form the right side of the 6 month cup base. Volume has been accelerating as it makes the move. Solid 7 to 5 accumulation shows net buying and sets up the breakout. Looking to start a position on a further move from here and then again as it makes a test and starts back up.
Volume: 2.538M Avg Volume: 1.441M
BUY POINT: $12.72 Volume=2.2M Target=$15.22 Stop=$12.11
POSITION: QCS LV - Dec. $12.50c (55 delta) &/or Stock
http://www.investmenthouse.com/cd/vclk.html
Continuing plays ready to go:
Play Date: 06/29/2005
WCG (Wellcare Health Plans--$36.39; +0.86; no options): Health care plans
http://biz.yahoo.com/p/w/wcg.html
STATUS: Cup w/handle. Volume jumped again Tuesday as WCG started off the 18 day EMA (35.49) that has acted as support for the handle to this 21 week base. Volume has rallied the past two weeks as the stock masses for the breakout.
Volume: 868K Avg Volume: 274.645K
BUY POINT: $37.21 Volume=400K Target=$43 Stop=$35.11
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/wcg.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
BLUD: After failing at the attempt to move back over the 50 day EMA, BLUD looks to be failing at the 18 day EMA, and that is the makings of a downtrend.
BR: Making the move on above average volume.
PSYS: Getting ready to continue the 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.
BRCDE: A reader asks if it will go belly up. BRCD is struggling to stay alive with the competing format to its products. The stock has collapsed the past seven months, falling to the lows it hit in early 2003 and mid-2004. Maybe it can find some support to rally from here; a first step would require as an initial step a break through the 18 day EMA.
LSI: In a long time trench, LSI has surged the past two months on a very good volume swell. It broke through the 200 day SMA in February, testing the move in April and then surged. Another strong move Tuesday. Kind of extended right now but has come back from the dead.
MU: In a continuing downtrend below the 200 day SMA since peaking in April 2004. Made another run at the 200 day in June and has backed off. The key move to a recovery would be a solid volume move above that level (11.06).
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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