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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS
Good Movers: DNR; ENER; ESV; GLBL; HAE; REDF; RMD
Wednesday night play results:
BOOM: Still working on the handle to its nicely formed base.
AUY: Strong volume as it moved higher toward the buy point
SBUX: Sold lower through the 10 day EMA but then reversed.
XLY: Similar action. Dove lower and then rebounded back toward the 10 day EMA.
Upside:
Play Date: 09/29/2005
ALEX (Alexander & Baldwin--$53.29; +1.64; optionable): Shipping
http://biz.yahoo.com/p/a/alex.html
After Hours: $53.69
STATUS: Double bottom w/handle. Volume moved back above average Thursday as ALEX started the breakout move from its 10 week pattern. Solid 4 to 2 accumulation (4 up price weeks on rising volume to 2 down price weeks on rising volume) shows steady buying as the stock consolidated at a new high, preparing for the next new high. It used the 50 day EMA (50.50) as support, a key level where the big money moves in to buy its favorite stocks. Surging money flow is a good corroboration of the accumulation. Looking to step into positions on a continued breakout move. We will also look at additional positions on the first test.
Volume: 284.983K Avg Volume: 259.488K
BUY POINT: $53.55 Volume=350K Target=$62.95 Stop=$51.12
POSITION: XQD CJ - Mar. $50c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/alex.html
Play Date: 09/29/2005
GENZ (Genzyme--$71.70; +1.18; optionable): Biotechnology. Potential split in late October.
BACKGROUND: Last announced a 2:1 split on 4-25-01 at $101.
http://biz.yahoo.com/p/g/genz.html
After Hours: $71.56
STATUS: Test 50 day EMA. GENZ is moving in a 9 week ascending base over the 50 day EMA (69.90) sporting excellent 4 to 1 accumulation (4 up price weeks on rising volume to 1 down price weeks on rising volume) as it consolidates a strong July move and sets up for a breakout to a new all-time high. Strong money flow compliments the accumulation. A perennial leader, we are ready to take positions on GENZ as it shows its next strong volume move higher and then again on a break over 74.
Volume: 1.843M Avg Volume: 2.675M
BUY POINT: $72.55 Volume=4M Target=$83.38 Stop=$70.55
POSITION: GZQ AN - Jan. $70c (59 delta) &/or Stock
http://www.investmenthouse.com/ci/genz.html
Play Date: 09/29/2005
HYDL (Hydril--$68.44; +2.69; optionable): Oil and gas services company
http://biz.yahoo.com/p/h/hydl.html
After Hours: $68.47
STATUS: Ascending base. Nice volume Thursday as HYDL posted a nice gain, moving toward the breakout from its 7 week base that formed making higher lows along the 50 day EMA (64.03). This base formed right on the heels of the July breakout from a 20 week cup base. Like these base on base patterns as they set up strong moves. Strong 3 to 0 accumulation in the base (3 up price weeks on rising volume to 0 down price weeks on rising volume) shows plenty of buying setting up the breakout to a new all-time high. Relative strength is ready to breakout as well, a good corroboration of the price move.
Volume: 305.479K Avg Volume: 245.095K
BUY POINT: $69.25 Volume=368K Target=$82.95 Stop=$67.45
POSITION: HBQ CN - Mar. $70c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/hydl.html
Play Date: 09/29/2005
JOYG (Joy Global--$48.93; +1.43; optionable): Farm and construction machinery. Forecast mid-December.
BACKGROUND: Last announced a 3 for 2 split on 12-16-04 at $40.10.
http://biz.yahoo.com/p/j/joyg.html
STATUS: Test breakout. JOYG is making its second move off of the 18 day EMA (47.45) after breaking out from a 20 week cup with handle base in late July. It tends to move in big jumps and then works laterally for a few weeks before the next move. It is just starting this run and we want to get in on it as it starts higher. Strong money flow is leading the way. Excellent base, excellent breakout, and a strong leader.
Volume: 1.519M Avg Volume: 982.18K
BUY POINT: $49.32 Volume=1M Target=$57.55 Stop=$47.62
POSITION: JQY AJ - Jan. $50c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/joyg.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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