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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: SOX; IVIL; XLE
Wednesday night play results:
SOX: Strong move up off 200 day SMA test.
BNI: Fell through the 18 day EMA and now testing the 50 day EMA.
GVHR: Deep test through the 18 day EMA and then a rebound.
VTIV: Fell down to the 50 day EMA for a test and rebounded. Still solid.
GSF: Dove lower and rebounded to cut some of the loss by the close.
PLCE: Opened lower but then rebounded to the 18 day EMA on rising volume.
Upside:
Play Date: 10/13/2005
COSI (Cosi--$9.99; +0.11; optionable): Restaurants
http://biz.yahoo.com/p/c/cosi.html
STATUS: Ascending base. Strong volume Thursday as COSI crouches for the breakout that will send it to a new all-time high. Solid 9 week pattern sporting solid 3 to 1 accumulation (3 up price weeks on rising volume to 1 down price weeks on rising volume). Strong money flow compliments the accumulation. Relative strength started to break out Thursday ahead of price, a bullish indication. Looks super and ready to make the breakout.
Volume: 756.739K Avg Volume: 456.664K
BUY POINT: $10.05 Volume=600K Target=$12.11 Stop=$9.38
POSITION: CQA AB - Jan. $10c (55 delta) &/o rStock
http://www.investmenthouse.com/ci/cosi.html
Play Date: 10/13/2005
ESRX (Express Scripts--$60.15; +0.29; optionable): Mail order prescriptions
http://biz.yahoo.com/p/e/esrx.html
After Hours: $60.13
STATUS: Test 50 day EMA. Got a bit edgy with ESRX and took the rest of the position off the table the other day, but now it has tested the 50 day EMA (58.61) and posted a modest gain Thursday as volume jumped back above average. Money flow remains strong. Want to see it break back through the 10 day EMA (61.19) on continued volume as ESRX continues back up and off the 50 day.
Volume: 1.774M Avg Volume: 1.376M
BUY POINT: $61.25 Volume=2.1M Target=$70.55 Stop=$58.45
POSITION: XTQ AL - Jan. $60c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/esrx.html
Play Date: 10/13/2005
MPWR (Monolithic Power Systems--$10.86; +0.83; no options): Semiconductors
http://biz.yahoo.com/p/m/mpwr.html
STATUS: Cup w/handle breakout. Surging on strong volume Thursday, making the breakout move from its 12 week base. Volume started spiking the past two weeks on intermittent sessions, but it was not the selling volume of the rest of the market. Positive accumulation and surging money flow. Relative strength is flying higher. A new issue in November 2004, this is the best base MPWR has formed in its young life. Ready to move in as it continues the breakout move and will look at more when it makes the first test.
Volume: 323.8K Avg Volume: 125K
BUY POINT: $10.98 Volume=185K Target=$13.32 Stop=$10.21
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/mpwr.html
Play Date: 10/13/2005
PPDI (Pharmaceutical Prodcut Dev.--$56.20; +0.85; optionable): Medical labs. Forecast to announce a split 10-17-05
BACKGROUND: Last announced a 2:1 split on 4-16-01 at $49.60.
http://biz.yahoo.com/p/p/ppdi.html
STATUS: Flat base. It has been a long time since PPDI split, but it has been a long time since it made its preferred split range. A 12 week base has formed over the 50 day EMA (56.67) after gapping sharply higher in mid-July. Strong 4 to 2 accumulation shows net buying during the consolidation as PPDI sets up for a breakout to a new all-time high. A top rated stock in the market with great sales and earnings to go along with the strong pattern.
Volume: 251.836K Avg Volume: 370.355K
BUY POINT: $58.12 Volume=556K Target=$68.95 Stop=$55.89
POSITION: PJQ AK - Jan. $55c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/ppdi.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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