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us stock market, trade stock
Begin part 3 of 3
THE PLAYS
Weekend play results:
BRCM: Falling to fully test the 50 day EMA. Will look at picking it off if it can hold and rebound.
BVN: Modest pullback on low volume.
MFLX: Fell back to the 50 day EMA on light trade as it continues the test. Not bad action given the semiconductors
MUSE: Nice tight lateral move continues.
PFWD: Low volume test of the 10 day EMA.
Upside:
Play Date: 10/10/2005
CVD (Covance--$50.4; +0.17; optionable): Drug development services
http://biz.yahoo.com/p/c/cvd.html
STATUS: Ascending base. A market leader and top rated in earnings and sales, CVD is working on an 11 week base over the 50 day EMA (49.59). It made a high in September, but volume was not surging. During the recent selling volume remained low as CVD went about its own business. Volume surged back above average the past two sessions as CVD moved off the 50 day. Could not hold the high (52) Monday. Has to continue showing us the strong volume as it moves higher. Strong relative strength as CVD has held the gains. Again, need to see the strong volume as it makes the break higher.
Volume: 406.9K Avg Volume: 381.786K
BUY POINT: $51.25 Volume=573K Target=$58.95 Stop=$49.61
POSITION: CVD BL - Feb. $50c (57 delta) &/or Stock
http://www.investmenthouse.com/cd/cvd.html
Play Date: 10/10/2005
IVIL (Ivillage--$7.20; -0.03; optionable): Online and offline media-based properties for women
http://biz.yahoo.com/p/i/ivil.html
After Hours: $7.20
STATUS: Cup w/handle. Forming a handle to a 19 month base sporting solid 16 to 14 accumulation. Long base, positive buying, setting up for the breakout. Strong money flow is leading higher. Strong volume Monday as IVIL rallied higher to 7.48 and then faded to close nearly flat. Strong sales and earnings. Looking for a run back up to the highs in the base to give us a nice gain; if it goes further, all the better.
Volume: 1.064M Avg Volume: 478.238K
BUY POINT: $7.55 Volume=717K Target=$9.11 Stop=$7.11
POSITION: JUR AU - Jan. $7.50c (55 delta) &/or Stock
http://www.investmenthouse.com/cd/ivil.html
Play Date: 10/10/2005
TOO (Too, Inc.--$28.46; +0.08; optionable): Apparel stores
http://biz.yahoo.com/p/t/too.html
STATUS: Breakout test. The younger clothing version to the Limited. TOO broke sharply higher a week back on very strong volume, moving out of a 7 month cup with handle base. Relative strength broke out on the move, a very good corroboration of the price move. Solid 8 to 6 accumulation (8 up price weeks on rising volume to 6 down price weeks on rising volume) shows net buying. Consumer may be weakening, but this pattern shows no weakening in the teenage market. Volume jumped back up above average Monday as TOO showed a nice tight doji on the 10 day EMA. Want to see continued solid trade as TOO jumps off the 10 day EMA (28.15) test.
Volume: 732.8K Avg Volume: 493.926K
BUY POINT: $28.94 Volume=741K Target=$34.75 Stop=$27.68
POSITION: TOO BF - Feb. $30c (52 delta) &/or Stock
http://www.investmenthouse.com/cd/too.html
Still ready to move:
RBAK: Volume jumped up to average Monday as RBAK started off the 50 day EMA. Looks very good.
MUSE
GRMN
CYCL
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
CELG: Slipping lower below the 50 day EMA. Volume did not jump, but not good action.
BLUDE: Ready to fall further.
BR: Moved back below the 50 day EMA after recovering that level Friday.
HW: Breaking the 200 day SMA on volume. Not pretty.
RTSX: Heading to test the 50 day EMA on strong, above average volume.
STN: Weak, fading back below the 200 day SMA on rising, above average volume.
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.
ACAP: Property and casualty insurance. After a breakout from a 7 month base in July ACAP rallied up the 18 day EMA to 50. That is the usual action from a solid breakout. After this test it should be ready to continue another run up the 18 day EMA. Strong volume returned Monday as it jumped off the 50 day EMA.
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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