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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good Movers: BRCM; CMTL; ESRX; HAE; IRIS; PLAY; RESP; SNDK; VAL; XLY
Monday night play results:
ALXN: Started out strong on volume then gave the move back. Still poised over the 50 day EMA.
ARW: Rallied through resistance on volume but as with many stocks it gave the move back.
CRM: Eased lower on lower volume.
PLAY: Big gap higher.
Upside:
Play Date: 10/04/2005
IIJI (Internet Initiative Japan--$10.05; +0.7; optionable): Internet service provider
http://biz.yahoo.com/p/i/iiji.html
After Hours: $10.16
STATUS: Ascending base. Volume has started to swell the past week as IIJI moved up off the 50 day EMA (8.87) that has acted as support in its 15 week base. Big surge in June needed consolidation, and this pattern appears to have just about done the trick. Excellent 7 to 2 accumulation in the base (7 up price weeks on rising volume to 2 down price weeks on rising volume) shows plenty of buying to set up the breakout. Ready to move in as it clears the early September high (10.20).
Volume: 5.039M Avg Volume: 2.127M
BUY POINT: $10.31 Volume=2.5M Target=$12.85 Stop=$9.87
POSITION: IQD AB - Jan. $10c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/iiji.html
Play Date: 10/04/2005
OPTN (Option Care--$14.52; -0.13; optionable): Home health care
http://biz.yahoo.com/p/o/optn.html
STATUS: Breakout test. OPTN broke higher in September with a strong volume surge, breaking out of a 23 week flat base that formed using the 200 day SMA (13.17) as support. Good run from January to April, split, then fell into this base. Big reach lower to the 18 day EMA intraday (14.13) and rebound to hold the 10 day EMA (14.37) on rising, above average volume. Nice test, setting up for a run to a new all-time high.
Volume: 410.76K Avg Volume: 347.485K
BUY POINT: $14.95 Volume=521K Target=$17.95 Stop=$14.11
POSITION: UOC AC - Jan. $15c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/optn.html
Play Date: 10/04/2005
RBAK (Redback Networks--$9.99; +0.09; optionable): Telecom networking equipment
http://biz.yahoo.com/p/r/rbak.html
STATUS: Breakout test. RBAK broke out from a 23 week cup with handle base in August, and this is the second test of that move. it rallied to 11.50 and has come back to test the 18 day EMA (10.04), holding near that level the past week. Volume has spiked higher several times, and did so again Tuesday as RBAK showed a doji. Positive 5 to 3 accumulation in the base set up the move. Money flow remains strong during this test. Ready to move in as RBAK makes the break higher to continue the breakout run.
Volume: 2.158M Avg Volume: 1.098M
BUY POINT: $10.48 Volume=1.2M Target=$12.58 Stop=$9.82
POSITION: RBU AB - Jan. $10c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/rbak.html
Play Date: 10/04/2005
TRAD (Tradestation--$10.15; -0.19; optionable): Investment brokerage
http://biz.yahoo.com/p/t/trad.html
After Hours: $10.14
STATUS: Reverse head and shoulders. Solid break higher Monday on rising, above average volume took TRAD out of its 10 week pattern that formed using the 50 day EMA (9.41) as support. Excellent 4 to 0 accumulation shows all buying as it consolidates. This is acting as the handle to a big 21 month cup with handle base. Strong money flow matches up with the accumulation. Nice low volume fade Tuesday in the selling. Want it to hold at 10 and then rebound on a resumption of strong volume.
Volume: 162.688K Avg Volume: 202.962K
BUY POINT: $10.44 Volume=300K Target=$12.62 Stop=$9.87
POSITION: ULR CB - Mar. $10c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/trad.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 recommendation
stock investment information
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