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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS
Good Movers: CRXL; ESV; FRK; JEC; MNTA; RESP; RMD; VCLK; VIP; VMC; SONC
Monday night play results:
ESV: Strong volume move higher
PAAS: Gapped lower on lower volume. Took a breather.
VLO: Nice tight doji on low volume at the 10 day EMA.
RTH: Ran lower but managed to post a modest gain. Still below the 10 day EMA and ready to fall.
SONC: Started lower from the 10 day EMA.
Upside:
Play Date: 09/27/2005
CASY (Caseys General Stores--$22.70; +0.78; no options): Grocery stores
http://biz.yahoo.com/p/c/casy.html
After Hours: $22.70
STATUS: Cup w/handle breakout. Consumer staples are the game now and CASY sells basics. CASY is making the breakout move from its 9 week pattern, rallying Tuesday on very strong volume to a new all-time high. Nice base on base pattern the past 11 months, a nice 7 month cup with handle that broke out and ran before setting up the current base. Strong money flow is leading higher and relative strength broke out, a good confirmation of the breakout move. Looking to move in on a continued break higher and then again on the test of the breakout move.
Volume: 727.302K Avg Volume: 243.328K
BUY POINT: $22.89 Volume=315K Target=$26.95 Stop=$21.77
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/casy.html
Play Date: 09/27/2005
ISRG (Intuitive Surgical--$74.28; +4.42; optionable): Medical appliances. Forecast to announce a split 10-25-05
BACKGROUND: No splits in ISRG's history. A wildcard, but a solid leader.
http://biz.yahoo.com/p/i/isrg.html
After Hours: $74.30
STATUS: Test 50 day EMA. Strong move off of the 50 day EMA (67.79), rallying Tuesday on the strongest volume in two months. ISRG broke out from a 5.5 month flat base in late July, rallied to 77, and then spent this month pulling back to the 50 day EMA to test that move. All the while money flow remained strong and Tuesday ISRG started higher, following the money. Looking to move in and start a position on a continued rally by this market leader.
Volume: 1.952M Avg Volume: 983.714K
BUY POINT: $74.85 Volume=1.5M Target=$89.85 Stop=$72.88
POSITION: AXQ AO - Jan. $75c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/isrg.html
Play Date: 09/27/2005
RECN (RSCS Connection--$30.83; +1.12; optionable): Accounting, financial, risk management services, etc.
http://biz.yahoo.com/p/r/recn.html
After Hours: $32
STATUS: Cup w/handle. Volume jumped Tuesday as RECN broke out from an 8 week base that formed over the 50 day EMA (28.43). This base consolidated the big gap higher in early July that took it out of a 7 month cup base. Solid 3 to 1 accumulation in the current base set up the breakout move. Solid money flow. Relative strength broke out as well. Nice move and ready to enter on a continued break higher.
Volume: 1.197M Avg Volume: 621.714K
BUY POINT: $31.05 Volume=650K Target=$36.48 Stop=$29.48
POSITION: JJJ BF - Feb. $30c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/recn.html
Play Date: 09/27/2005
VTIV (Ventiv Health--$26.93; +1.12; optionable): Business management services
http://biz.yahoo.com/p/v/vtiv.html
After Hours: $27.45
STATUS: Breakout test. VTIV broke out in early September from a solid 24 week base, surging on strong volume to just over 27 on the breakout. It has spent the past two weeks testing that move, coming back to the 18 day EMA (25.28) and rebounding. Indeed, it jumped higher Tuesday on strong, above average volume, closing in on an all time high. Strong 8 to 4 accumulation in the base shows solid buying. Strong money flow is leading higher. Relative strength broke out on the move, a very good confirmation of the breakout. Ready to move in as VTIV continues the move and makes a new all-time high.
Volume: 905.638K Avg Volume: 450.057K
BUY POINT: $27.32 Volume=675K Target=$32.65 Stop=$25.65
POSITION: QBP AE - Jan. $25c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/vtiv.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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