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stock recommendation, stock option
Begin part 2 of 2
THE PLAYS
Good movers: CTRX; EMKR; IDBE
NEW PLAYS:
Upside:
Play Date: 07/21/2005
ENER (Energy Conversion Devices--$25.04; +1.02; optionable): Materials, products, technology in alternative energy field
http://biz.yahoo.com/p/e/ener.html
Earnings: 9-12-05
STATUS: Reverse head and shoulders. ENER is trying for the breakout from a nicely formed 15 week accumulation pattern. Strong volume the past two sessions as ENER jumped up off of the 18 day EMA (22.85) that acted as support for the right shoulder. A solid pattern that used the 200 day SMA (20.05) as support on the lows. Ready for a new 4 year high on the breakout.
Volume: 1.444M Avg Volume: 608.562K
BUY POINT: $25.25 Volume=700K Target=$29 Stop=$23.89
POSITION: EQI LE - Dec. $25c (54 delta) &/or Stock
http://www.investmenthouse.com/ct/ener.html
Play Date: 07/21/2005
STEM (Stemcells--$5.36; +0.21; no options): Biotechnology
http://biz.yahoo.com/p/s/stem.html
Earnings: Early August
After Hours: $5.31
STATUS: Test 18 day EMA. STEM broke out from its 6 month base in early July, rallying to near 6.25 on the breakout move. It has spent the past week pulling back to test the move, tapping and holding at the 18 day EMA (5.03) the past two sessions on the low. Strong 8 to 4 accumulation (8 up price weeks on rising volume to 4 down price weeks on rising volume) shows net buying during the base and has set the foundation for the run. Strong money flow has held its ground on this pullback, a good indication the stock will hold and resume the move. Looking for a bump in volume as it turns back up and moves through the buy point.
Volume: 3.375M Avg Volume: 2.762M
BUY POINT: $5.55 Volume=4.1M Target=$6.78 Stop=$5.16
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/stem.html
CONTINUING PLAYS
Upside:
Not yet entered:
Play Date: 07/20/2005
SVNT (Savient Pharma--$4.40; -0.09; no options): Biotechnology
http://biz.yahoo.com/p/s/svnt.html
After Hours: $4.40
Earnings: Early August
STATUS: Breakout test. A low volume test of the 10 day EMA (4.39) Thursday is still doing the work of setting the next break higher. It is building pressure for the break higher. To recap: SVNT broke out in early June, moving out of a 18 week base that it formed as it came off the bottom of its long decline. Excellent 6 to 1 accumulation in the base (6 up price weeks on rising volume to 1 down price weeks on rising volume) set up the move. It broke out and rallied up the 10 day EMA (4.39) and came back the past two weeks to the 18 day EMA (4.28), moving laterally below some resistance at 4.50. Money flow is moving higher ahead of the price and volume is creeping up to average. It is building pressure for the breakout.
Volume: 383.701K Avg Volume: 653.812K
BUY POINT: $4.58 Volume=981K Target=$5.49 Stop=$4.26
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/svnt.html
Good Investing!
Jon L. Johnson and your Technical Traders Report 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 recommendation
stock option
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