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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers: GLBL; KNOT; MNTA; NGAS; RIO; VCLK
Weekend play results:
HYSL: Holding over the 50 day EMA, still setting up.
MNTA: Nice volume break higher.
PWAV: Ready for a buy on a continuing volume move.
VCLK: Strong breakout.
Upside:
Play Date: 09/26/2005
ESV (Ensco Intl.--$43.68; +2.22; optionable): Oil and gas service and drilling company
http://biz.yahoo.com/p/e/esv.html
STATUS: Double bottom w/handle. ESV surged higher Monday on strong trade, breaking higher out of an 8 week base that formed above the 50 day EMA (39.60). This acted as the consolidation of a larger 5 month reverse head and shoulders. Solid 3 to 0 accumulation in the recent base and 8 to 5 accumulation overall. Strong pattern with money flow leading higher. Relative strength broke out as well, a good corroboration of the breakout move. Ready to entery on a further run higher.
Volume: 3.638M Avg Volume: 2.242M
BUY POINT: $43.91 Volume=2.2M Target=$51.88 Stop=$41.35
POSITION: ESV CI - Mar. $45c (53 delta) &/or Stock
http://www.investmenthouse.com/cd/esv.html
Play Date: 09/26/2005
AU (Anglogold Ashanti--$43.50; +0.88; optionable): Gold mining
http://biz.yahoo.com/p/a/au.html
After Hours: $44.16
STATUS: Breakout test. AU surged last week to the breakout of its 10 month base. Strong 10 to 6 accumulation in the pattern shows plenty of buying during the consolidation. This is part of a larger 22 month pattern. Strong money flow is leading higher as AU paused the past week over the 10 day EMA (41.91). Volume has been excellent of late and relative strength is ready to breakout. Tested lower intraday Monday and just about filled the gap higher from last week, and then raced higher on strong trade. Ready to clear recent resistance at 44 and that is when we move in.
Volume: 1.859M Avg Volume: 756.859K
BUY POINT: $44.21 Volume=1.1M Target=$52.95 Stop=$41.81
POSITION: AU AI - Jan. $45c (50 delta) &/or Stock
http://www.investmenthouse.com/cd/au.html
Downside:
Play Date: 09/26/2005
SONC (Sonic Corp.--$28.83; +0.17; optionable): Burger joints
http://biz.yahoo.com/p/s/sonc.html
STATUS: Put. Consumer related stocks continue to struggle. SONC peaked in March, tried to form a base through the end of August, but then buckled and slumped lower on strong volume to start this month. It rallied to mid-month on overall low volume and then failed at the 18 day EMA (29.30). SONC collapsed lower last week and then rebounded to end the week. Monday it rallied above the 18 day EMA but could not hold the move, closing just below the 10 day EMA (28.93), showing a doji on very low volume. Looks as if it has run out of steam on this rebound and is ready to continue the slump lower. Ready to move in on a further drop. A move to the target lands us a 42% gain.
Volume: 512.366K Avg Volume: 535.667K
BUY POINT: $28.72 Volume=700K Target=$27.18 Stop=$28.15
POSITION: ZSQ WF - Nov. $30p (-57 delta)
http://www.investmenthouse.com/cd/sonc.html
Continuing plays ready to move:
Play Date: 09/20/2005
BGC (General Cable--$16.76; +0.59; optionable): Cables
http://biz.yahoo.com/p/b/bgc.html
STATUS: Cup w/handle. Volume surged Monday as BGC moved off the 18 day EMA (16.28) and closed in on the breakout from its 8 week base. Looks super and ready to move in.
Volume: 470.6K Avg Volume: 315.725K
BUY POINT: $16.77 Volume=473K Target=$20.15 Stop=$15.65
POSITION: BGC BC - Feb. $15c (64 delta) &/or Stock
http://www.investmenthouse.com/cd/bgc.html
Play Date: 09/15/2005
EFJI (EFJ, Inc.--$9.8; +0.15; optionable): Telecom equipment
http://biz.yahoo.com/p/e/efji.html
STATUS: Cup w/handle. Stronger above average volume Monday as EFJI moved to the breakout from its 7 month base. Strong money flow is leading the way and a relative strength breakout. A buy on a further move.
Volume: 246.995K Avg Volume: 168.335K
BUY POINT: $9.66 Volume=242K Target=$11.61 Stop=$9.06
POSITION: PEU CU - Mar. $7.50c (72 delta) &/or Stock
http://www.investmenthouse.com/cd/efji.html
Play Date: 09/10/2005
PDE (Pride International--$26.91; +0.56; optionable): Oil and gas services
http://biz.yahoo.com/p/p/pde.html
STATUS: Ascending triangle. Good volume again Monday as PDE starts toward the breakout. Looks ready to make the move out of its 7 month triangle and follow the money higher. Relative strength is ready to move as well.
Volume: 2.028M Avg Volume: 1.741M
BUY POINT: $27.17 Volume=2.5M Target=$31.25 Stop=$26.48
POSITION: JDE AE - Jan. $25c (69 delta) &/or Stock
http://www.investmenthouse.com/cd/pde.html
Play Date: 09/25/2005
PWAV (Powerwave Technologies--$12.78; +0.28; optionable): Telecom equipment
http://biz.yahoo.com/p/p/pwav.html
After Hours: $12.82
STATUS: Test breakout. PWAV started the breakout from its two week flying plateau Monday as volume moved back above average. Relative strength broke out and PWAV is following its money flow higher.
Volume: 2.165M Avg Volume: 2.02M
BUY POINT: $12.78 Volume=3M Target=$15.55 Stop=$12.04
POSITION: VFQ BV - Feb. $12.50c (58 delta) &/or Stock
http://www.investmenthouse.com/cd/pwav.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, BLUDE, BR, COH, HW, PSYS, RTSX, STN
CELG: Big run higher could not hold Monday. Still looks ready to continue higher after this 18 day EMA test.
COH: As with other retailers it started stronger but could not hold the move.
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 recommendation
stock investment information
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