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us stock market, stock ticker
Begin part 3 of 3
THE PLAYS
Good movers: ILMN, IVIL; XLE
Wednesday night play results:
BNI: Fell through the 18 day EMA and now testing the 50 day EMA.
CCI: Lower volume pullback as CCI continues the pattern.
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.
NVDA: Nice doji at the 50 day EMA that reached below that level and rebounded.
Upside:
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/cd/mpwr.html
Play Date: 10/13/2005
SMTS (Somanetics--$27.24; -0.01; no options): Medical appliances
http://biz.yahoo.com/p/s/smts.html
STATUS: Test breakout. SMTS broke out from a 13 week reverse head and shoulders pattern to start October, moving on strong volume. In the market volume selling SMTS tested the move, coming back to the 18 day EMA (26.55) on very low, below average volume the past week. Two nice dojis on top of the 18 day have set the rebound to continue the breakout move. Positive accumulation and surging money flow. Relative strength broke out on the move. Solid and ready to continue the move to a new 11 year high. Market leader with excellent fundamentals to go with the strong pattern.
Volume: 67.959K Avg Volume: 130.677K
BUY POINT: $27.88 Volume=350K Target=$33.45 Stop=$26.37
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/smts.html
Continuing plays ready to move:
Play Date: 10/08/2005
MUSE (Micromuse--$7.25; +0.06; optionable): Application software
http://biz.yahoo.com/p/m/muse.html
After Hours: $7.25
STATUS: Test breakout. Still holding at the 18 day EMA (7.23), testing the breakout from its 15 week base. Money flow continues to move higher ahead of price. Looking for volume to return as it jumps back through the 10 day EMA (7.30).
Volume: 553.411K Avg Volume: 967.4K
BUY POINT: $7.57 Volume=1.3M Target=$9.15 Stop=$7.17
POSITION: QUM AU - Jan. $7.50c (56 delta) &/or Stock
http://www.investmenthouse.com/cd/muse.html
Play Date: 10/11/2005
ORCC (Online Resources--$10.92; +0.3; no options): Internet financial technology services.
http://biz.yahoo.com/p/o/orcc.html
STATUS: Cup w/handle. Volume has surged the past three sessions, but ORCC was not selling, it was setting up the break to a new 7 year high. Great base that used the 200 day SMA (9.55) on the August low as support to set up the base. Money flow is surging higher and relative strength is ready for the breakout.
Volume: 533.32K Avg Volume: 128.489K
BUY POINT: $11.25 Volume=189K Target=$13.55 Stop=$10.46
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/orcc.html
Play Date: 10/08/2005
PFWD (Phase Forward--$9.99; +0.01; no options): Business service
http://biz.yahoo.com/p/p/pfwd.html
STATUS: Test breakout. Testing the 18 day EMA (9.93) the past three sessions after a low volume pullback during the market dive lower. Nice test, holding near support and ready for the rebound.
Volume: 82.672K Avg Volume: 181.751K
BUY POINT: $10.75 Volume=250K Target=$12.95 Stop=$10.11
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/pfwd.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
AAPL: Holding the 50 day EMA on the close was not bad action at all, and AAPL exploded higher Thursday with the introduction of its video phone.
RTSX: Made it back through the 50 day EMA though volume was lower and below average.
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.
COST: One of the discount warehouses, COST was a big winner from 1995 to 2000. Since then it has been forming a big base. Since November the stock has tried to form a double bottom. It rallied hard to start the month, moving over the 200 day SMA on solid trade. Now making the test of that move, easing back in the market selling to test the 200 day. Setting back up as the economy weakened, the storms hit, energy prices remain high, etc.
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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