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stock ticker, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: ARRS; BRCM; FIX; HYSL; IRIS; 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.
MINI: Nowhere day, gapping modestly higher and selling modestly lower on declining, average volume. Still set to make its move.
Upside:
Play Date: 10/04/2005
CLB (Core Labs--$32.36; -0.64; no options): Oil and gas service equipment
http://biz.yahoo.com/p/c/clb.html
STATUS: Ascending base. Volume surged Tuesday as CLB got caught up in the energy sector selling. It did not, however, collapse. It tapped toward the 10 day EMA (31.57) on the low and cut some of its losses. Would like to see a test of the 10 day EMA to make a higher low and a handle, and set the breakout. Nice little 9 week base sporting positive 3 to 2 accumulation. It is forming this base right below an all-time high. Like how it held up, showing relative strength versus the rest of the energy sector. Strong money flow and relative strength ready for the breakout along with the stock; like to see that as it indicates the breakout move is strong and has some legs.
Volume: 348.9K Avg Volume: 115.057K
BUY POINT: $33.35 Volume=173K Target=$38.85 Stop=$31.54
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/clb.html
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/cd/iiji.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/cd/rbak.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
BLUDE: Looks weak as it sells down to the 50 day SMA on rising volume.
BR: Big dive lower. Key to this move is whether it holds the 18 day EMA (78.05) or fades further to support at 75. That will give us a chance to try to buy back some calls.
COH: Coming up for another test of the 200 day SMA (30.32).
PSYS: Surged higher but could not hold the move. Still set to move higher.
SUBSCRIBER WATCHLIST
We continually receive ideas for potential plays from subscribers. Many times they are already on our watchlists, other times not. We always take a look and sometimes find a gem or two, or more. We don't necessarily endorse these, but want to provide a forum for subscribers with ideas that may appeal to other subscribers. We may just put on the ticker or we might describe our thoughts as to why or why not we think it is a buy or sell. This is a way we can all learn a bit more and maybe find a few more candidates to make us some good money.
TFSM: Fading back on low volume the past two sessions after a strong surge Friday. Looks ready to pull back a bit more and then resume the move.
GI: An oil and gas refining company that sold Tuesday with the energy stocks but did so on low volume and still holding the three week ascending base that formed to consolidate the strong break higher from late August.
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 ticker
stock recommendation
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