|
|
us stock market, trend trading stock
Begin part 3 of 3
THE PLAYS
Good movers: ILMN; UPL
Monday night play results:
CCI: Still working on the pattern on low volume.
GAP: Still working on the handle as volume edged up to average.
TRAD: Nice test of the 10 day EMA and volume has really spiked higher this week.
UPL: Solid volume and solid earnings after hours.
Upside:
Play Date: 10/25/2005
BMD (Birch Mountain Resources--$4.98; -0.12; no options): Gold
http://biz.yahoo.com/p/b/bmd.html
STATUS: Test 18 day EMA. A new issue in July 2004, BMD broke out from a 5 month cup with handle base. It is making its second test of the breakout, working laterally this month over the 18 day EMA (4.96) on low, below average volume. Strong stocks make 4 to 5 such bounces after a breakout. That gives BMD plenty of room to run. As an initial target we are looking to capture one of those runs. When it gets there we will re-evaluate whether we let it run further.
Volume: 314.3K Avg Volume: 367.65K
BUY POINT: $5.55 Volume=551K Target=$6.95 Stop=$5.16
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/bmd.html
Play Date: 10/25/2005
CLHB (Clean Harbors--$34.98; +0.12; optionable): Environmental services and operation of non-nuclear hazardous waste treatment facilities.
http://biz.yahoo.com/p/c/clhb.html
After Hours: $34.98
STATUS: Flying plateau. Strong break higher in September and now a lateral move the past 6 weeks above the 18 day EMA (33.41) as CLHB sets up for the next move but does not want to give any of its move away, an indication of a strong stock. Strong money flow and a relative strength breakout. Volume jumped up above average Monday as CLHB flirted with the breakout. Ready to move in as it continues higher and shows some volume. A top rated stock in fundamentals and earnings.
Volume: 87.609K Avg Volume: 241.153K
BUY POINT: $35.45 Volume=362K Target=$41.45 Stop=$33.32
POSITION: QPB AG - Jan. $35c (54 delta) &/or Stock
http://www.investmenthouse.com/cd/clhb.html
Play Date: 10/25/2005
FCN (FTI Consulting--$26.73; -0.41; optionable): Forensic and litigation consulting and other business services
http://biz.yahoo.com/p/f/fcn.html
After Hours: $26.73
STATUS: Test breakout. A market leader that blasted higher last week on strong volume, moving out of a 9 week flat base that formed above the 50 day EMA (25.12). Positive 3 to 2 accumulation shows net buying, complimented by the strong money flow. Excellent volume on the break higher, nice low trade on the test. May come all the way back to the 10 day EMA (26.23) to finish the test, but want to be ready to move in if FCN starts back up from here.
Volume: 321.9K Avg Volume: 415.227K
BUY POINT: $27.05 Volume=575K Target=$31.95 Stop=$26.05
POSITION: FCN CE - Mar. $25c (69 delta) &/or Stock
http://www.investmenthouse.com/cd/fcn.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, BR, COH, NVDA, PSYS, RTSX, STN, UNH
BR: Back above he 50 day EMA on strong above average volume.
COH: Gapped above the 50 day EMA on strong volume. Trend reversal gap this time. That is a strong positive technical indication, and if COH continues higher from here it is a good point to start some positions.
NVDA: Needs some volume to compliment the price move.
UNH: Got boxed around with the CVH results but managed a good recovery to recoup a good chunk of the loss.
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.
IMN: Data storage for computers (disks and other media). Gapped higher last week, trying the breakout form a 10 week trading range/flat base formed along the 50 day EMA. It has come back to test the breakout, holding over the 50 day EMA on lower volume. Needs to show another strong move higher from here.
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.
|
us stock market
trend trading stock
|
