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stock ticker, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: ANX; EMKR; TER
Wednesday night play results
MDRX: Moved up again but volume fell off the table. Still very solid.
PTEN: Edged higher but the volume fell off.
ADCT: Still working laterally below the 50 day EMA on low volume.
New Plays:
Upside:
Play Date: 08/25/2005
CONR (Conor Medsystems--$19.82; +0.46; optionable): Medical instruments
http://biz.yahoo.com/p/c/conr.html
STATUS: Breakout test. A new issue in December 2004, CONR rallied into early March and then fell into a 22 week double bottom with handle base. Solid 6 to 3 accumulation in the pattern (6 up price weeks on rising volume to 3 down price weeks on rising volume) shows plenty of buying. Strong breakout last week on surging, above average volume shows the big money was crowding in to bid the price higher. Nice move over 20 and then a pullback the past week to test the 10 day EMA (18.97). Started the rebound Thursday on rising, above average volume. Money flow is moving higher ahead of the stock and relative strength broke out on the with the stock as it made the move. Ready to move in on a further rebound from this test. Love new issues after their first base.
Volume: 310.684K Avg Volume: 215.652K
BUY POINT: $20.05 Volume=275K Target=$23.45 Stop=$18.89
POSITION: QAP BD - Feb. $20c (57 delta) &/or Stock
http://www.investmenthouse.com/cd/conr.html
Play Date: 08/25/2005
BCE (BCE, Inc.--$25.51; +0.20; optionable): Telecom services
http://biz.yahoo.com/p/b/bce.html
STATUS: Breakout test. Volume surged Thursday as BCE moved off the 18 day EMA (25.20), readying for the continued breakout move. BCE broke out from 16 week base in early August on very strong volume, rallying to 26 on the move. It has come back to test the breakout, selling off sharply last week but catching itself and holding the 18 day. Money flow is powering up ahead of the stock, and with this volume returning BCE looks ready to continue its breakout move. Nice leader ready for more.
Volume: 574.5K Avg Volume: 278.403K
BUY POINT: $25.75 Volume=285K Target=$29.65 Stop=$25.05
POSITION: BCE LE - Dec. $25c (59 delta) &/or Stock
http://www.investmenthouse.com/cd/bce.html
Downside:
Play Date: 08/25/2005
EPD (Enterprise Products--$25.01; -0.25; optionable): Independent oil and gas
http://biz.yahoo.com/p/e/epd.html
STATUS: Put. Not looking as strong as other energy stocks. EPD broke down from a 6.5 month flat base to start the month, cascading through the 200 day SMA (26.03) in the first week. It bottomed at 24 and rebounded the past week, but could only make it back to the 18 day EMA (25.40). It showed a doji there Wednesday and started back down Thursday on even stronger above average volume. Money flow is leading lower. Looking to move in on a further drop to enter the play. A move to the target lands us a 65%ish gain.
Volume: 622.6K Avg Volume: 380.457K
BUY POINT: $24.94 Volume=500K Target=$23.95 Stop=$25.18
POSITION: EPD EV - Oct. $25p (-52 delta)
http://www.investmenthouse.com/cd/epd.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: Has bumped up against the 50 day EMA the past two sessions, not showing much strength. It is basing here, working along the 50 and 200 day SMA. Looks to be just past the half way point in the base.
HW: Trying to make a stand at the 50 day EMA. Needs to do it.
RTSX: Went to pot after looking solid Tuesday. Holding the 50 day EMA, but that is about all for now.
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.
Downside:
CRM: Peaked early this month and fell to the 50 day EMA. Gapped below that level last week and has made a modest rebound, then fading away. Might make another test higher here, but weak money flow and likely to test the 200 day SMA just below 18.
Upside:
TGT: Working laterally the past three weeks along the 50 day EMA, trying to consolidate for another move higher. It broke out from a 6.5 moth base in mid-May and rallied to 60. This current pullback is consolidating the move. Needs more work here, but like the way it is holding up as many retailers are not. It is gaining share.
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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stock ticker
stock recommendation
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