us stock market, stock recommendation

Begin part 3 of 3

THE PLAYS

Good Movers: CBI; CRXL; DNA; ENER; FTO; GPN; IRIS; VMC

Weekend play results:
BABY: Holding over the 18 day EMA on low volume as it continued the breakout test.
BRCM: Gapped higher but finished the session flat. Still ready to go.
CELG: Gapped lower on FDA ruling and then stormed back.
MRVL: Rallied higher but fell back to close flat as no volume showed up.
SWB: Volume was up as SWB sold to the 18 day EMA and rebounded. Still set to move after this shakeout.

Upside:

Play Date: 10/03/2005
ALXN (Alexion Pharmaceuticals--$28.03; +0.38; optionable): Drugs
http://biz.yahoo.com/p/a/alxn.html
After Hours: $28.05
STATUS: 50 day EMA test. ALXN broke out from a 24 week cup with handle base early August, rallying up the 18 day EMA (27.94) through early September, hitting 30 on the run. It spent most of September testing the move, coming back to the 50 day EMA (27.36) to end the month. Volume jumped Friday and was strong and above average again Monday as ALXN tested lower and rebounded for a modest gain. Strong 10 to 6 accumulation (10 up price weeks on rising volume to 6 down price weeks on rising volume) set the stage for the breakout. Now that it has made this test of important support and held we are looking to get on board as it continues the break higher. Money flow is racing higher ahead of price, a very good corroboration of the accumulation. Ready to move in as it continues higher.
Volume: 503.789K Avg Volume: 307.422K
BUY POINT: $28.35 Volume=425K Target=$33.35 Stop=$27.89
POSITION: XQN AE - Jan. $25c (69 delta) &/or Stock
http://www.investmenthouse.com/ci/alxn.html

Play Date: 10/03/2005
ARW (Arrow Electronics--$32.00; +0.64; optionable): Electronic components and semiconductors
http://biz.yahoo.com/p/a/arw.html
STATUS: Flying plateau. ARW is moving toward a 5 year high, coming off a 50 day EMA (30.11) test last week as it consolidates a strong break higher in early September. ARW broke out of a large 15 month base in July. This is the second test of the 50 day EMA since that move. A market leader in pattern, sales and earnings. Needs to show us some more volume as it clears the September highs as it leaves this 3 week plateau.
Volume: 354K Avg Volume: 533.614K
BUY POINT: $32.21 Volume=700K Target=$37.95 Stop=$31.04
POSITION: ARW AF - Jan. $30c (70 delta) &/or Stock
http://www.investmenthouse.com/ci/arw.html

Play Date: 10/03/2005
CRM (Salesforce.com--$24.00; +0.88; optionable): Customer relationship management software
http://biz.yahoo.com/p/c/crm.html
After Hours: $25
STATUS: Cup w/handle. Received a pre-market upgrade that gapped CRM higher and out of the handle of its 10 week base sporting excellent 4 to 1 accumulation (4 up price weeks on rising volume to 1 down price week on rising volume). A new issue in June 2004, this is CRM's second base, and it is ready to send CRM to a new all-time high. Strong volume Monday on the upgrade. Relative strength is ready for the breakout. This is a nice base on base pattern; it formed a nice 8.5 month cup with handle as its first ever base and after a short run formed this pattern. Like these as they really weed out the sellers.
Volume: 4.553M Avg Volume: 1.413M
BUY POINT: $24.27 Volume=1.5M Target=$29.35 Stop=$23.08
POSITION: CRM BE - Feb. $53 delta) &/or Stock
http://www.investmenthouse.com/ci/crm.html

Play Date: 10/03/2005
PLAY (Portalplayer--$29.00; +1.57; optionable): Semiconductors
http://biz.yahoo.com/p/p/play.html
After Hours: $30.75
STATUS: Double bottom w/handle. Volume is surging as PLAY gapped higher Monday, heading toward the breakout from its 10 month base. A new issue in November 2004, after an initial run on the IPO, PLAY then fell into the current base. Excellent 12 to 5 accumulation in the base (12 up price weeks on rising volume to 5 down price weeks on rising volume) shows solid buying. Was up further after hours as PLAY shows a lot of momentum and strength. Ready to move in as it continues the breakout.
Volume: 1.396M Avg Volume: 801.215K
BUY POINT: $29.61 Volume=865K Target=$35.55 Stop=$27.98
POSITION: PQP BF - Feb. $30c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/play.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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