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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: BEAV; BABY; DRRX; NTRI; ATK
Strong plays: All look great tonight.
1) HCC: Insurance is looking good and this is an insurance leader.
2) MINI: Ready for a new high.
3) WYNN: Diving lower on volume.
4) AKAM: Ready for a new buy
5) SMTS: Ditto
NEW PLAYS:
Upside plays:
Play Date: 10/26/2005
HCC (HCC Insurance Holdings--$28.35; +0.36; optionable): P & C Insurance
http://biz.yahoo.com/p/h/hcc.html
STATUS: Ascending base. HCC split in mid-July, launched higher to end that month, and then fell into the current 12 week base formed along the 50 day EMA (27.25) as HCC sets up for the breakout to another new all-time high. A strong market leader, and insurance is moving into market leadership. Nice bump in volume Wednesday as HCC rallied toward the breakout. Relative strength is making the breakout ahead of price a good indication the stock is going to follow.
Volume: 700.2K Avg Volume: 571.208K
BUY POINT: $28.75 Volume=857K Target=$33 Stop=$27.38
POSITION: HCV BV - Feb. 26.625c (65 delta) &/or Stock
http://www.investmenthouse.com/ct/hcc.html
Play Date: 10/26/2005
MEDI (Medimmune--$34.02; -0.59; optionable): Biotechnology
http://biz.yahoo.com/p/m/medi.html
After Hours: $34
STATUS: Cup. MEDI is working up the right side of a 16 month cup base. It started its move on the last day of August with a gap higher and rally up the 10 day EMA (33.53). During the market selling this month it has carved out a small cup on lower, below average volume, using the 18 day EMA (33.12) as support. It has rallied back up to the early October high, and we are looking for a volume surge to take it higher in this base to the high in the pattern (40).
Volume: 2.766M Avg Volume: 2.753M
BUY POINT: $34.65 Volume=3.4M Target=$39.95 Stop=$33.35
POSITION: MEQ AZ - Jan. $32.50c (62 delta) &/or Stock
http://www.investmenthouse.com/ct/medi.html
Play Date: 10/26/2005
MINI (Mobile Mini--$45.34; -0.42; optionable): Mobile metal buildings
http://biz.yahoo.com/p/m/mini.html
STATUS: Cup. MINI tried the breakout move Wednesday, rallying to 47.20 before giving it all back by the close. Still a nice little 8 week cup base that formed using the 50 day EMA (42.81) as support. Solid 3 to 1 accumulation (3 up price weeks on rising volume to 1 down price weeks on rising volume) shows net buying as MINI sets up for a new all-time high. shows net buying as MINI sets up for a new all-time high. Strong money flow is leading the way higher and relative strength has already made the breakout. Top rated stock.
Volume: 117.665K Avg Volume: 127.209K
BUY POINT: $46.05 Volume=191K Target=$52.95 Stop=$43.89
POSITION: UAC BI - Feb. $45c (54 delta) &/or Stock
http://www.investmenthouse.com/ct/mini.html
Downside:
Play Date: 10/26/2005
WYNN (Wynn Resorts--$45; -3.64; optionable): Resorts and casinos
http://biz.yahoo.com/p/w/wynn.html
After Hours: $44.94
STATUS: Put. WYNN is trying to set up a big 9 month double bottom pattern. It rallied off the early October selling but then ran into trouble. It turned below the 50 day EMA (47.04) Wednesday on strong volume as money flow has turned sharply lower. Looking to ride it down toward the recent low for a solid 40%ish gain.
Volume: 3.115M Avg Volume: 1.434M
BUY POINT: $44.88 Volume=1.7M Target=$42.38 Stop=$45.88
POSITION: UWY XI - Dec. $45p (-48 delta)
http://www.investmenthouse.com/ct/wynn.html
CONTINUING PLAYS
New buy points on current plays:
Play Date: 10/26/2005
AKAM (Akami Technologies--$16.89; -0.08; optionable): Internet content delivery for businesses, government agencies
http://biz.yahoo.com/p/a/akam.html
After Hours: $16.98
STATUS: Test 18 day EMA. AKAM broke out in late September from a 16 month cup with handle base. It tested in the early October selling and bounced off the 18 day EMA (16.40). It is making its second test after the breakout, and a strong stock will make four to five such bounces. Strong volume Wednesday as AKAM tested the 18 day EMA on the intraday low and rebounded to hold the 10 day EMA on the close. Strong money flow and a relative strength breakout on the move. The test lower set the next leg higher.
Volume: 4.756M Avg Volume: 1.622M
BUY POINT: $17.15 Volume=2M Target=$20.25 Stop=$16.32
POSITION: UMU BC - Feb. $15c (72 delta) &/or Stock
http://www.investmenthouse.com/ct/akam.html
Play Date: 10/06/2005
SMTS (Somanetics--$30.9; +0.7; no options): Medical appliances
http://biz.yahoo.com/p/s/smts.html
STATUS: Breakout test. Looking for more positions in a winner as SMTS makes the second test of the 10 day EMA (29.77) after the early October breakout from a nicely formed 14 week cup with handle base. Strong money flow is leading higher and relative strength is making the breakout. Looking for volume to kick back up as SMTS makes the next move higher.
Volume: 134.203K Avg Volume: 130.02K
BUY POINT: New: $31.32 (orig. positions $28.63) Volume=350K Target=$36.65 Stop=$29.48
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/smts.html
Buy not hit:
Play Date: 10/25/2005
BCRX (Biocryst Pharma--$15.19; -0.11; optionable): Biotechnology (flu vaccine)
http://biz.yahoo.com/p/b/bcrx.html
After Hours: $15.05
STATUS: Test breakout. Reported earnings before the open Wednesday and the loss widened but BCRX did not sell off. Instead it held the 10 day EMA (14.93) again on the close as it sets up for the next move higher. To recap: BCRX exploded higher to start the month, breaking out from a 16 month double bottom and surging to 18. It has tested back the past week and is now moving laterally over the 10 day EMA on lower volume.
Volume: 6.119M Avg Volume: 2.38M
BUY POINT: $16.05 Volume=6M Target=$19.45 Stop=$14.71
POSITION: BIU CC - Mar. $15c (60 delta) &/or Stock
http://www.investmenthouse.com/ct/bcrx.html
Play Date: 10/25/2005
GENZ (Genzyme--$71.59; +0.06; optionable): Biotechnology
http://biz.yahoo.com/p/g/genz.html
After Hours: $71.52
STATUS: Double bottom. Basically held steady Wednesday on lower, below average volume as the market struggled. GENZ may be setting up a handle to its 3 month base. We will be patient and let it do that but we are going to be ready for a bolume break higher if it comes sooner. To recap: GENZ is working on an 11 week double bottom, coming off the second low early this month. It is right below the 'hump' near 74, but showing solid 4 to 2 accumulation (4 up price weeks on rising volume to 2 down price weeks on rising volume) and strong money flow leading the way higher. Very nice swell in volume the past week as GENZ worked along the 50 day EMA. Already reported earnings on 10-18.
Volume: 2.074M Avg Volume: 2.33M
BUY POINT: $72.89 Volume=4M Target=$83.78 Stop=$69.69
POSITION: GZQ AN - Jan. $70c (59 delta) &/or Stock
http://www.investmenthouse.com/ct/genz.html
Play Date: 10/05/2005
KONG (Kongzhong--$13.09; -0.02; optionable): Chinese wireless interactive entertainment
Earnings: 11-15-05 before the open
http://biz.yahoo.com/p/k/kong.html
STATUS: Test breakout. KONG was holding near the 18 day EMA (13.16) on the Tuesday and Wednesday close on minute volume. We will see how the stock holds up after the BIDU earnings after the close, but it was holding up well in the late trade. Nice breakout in September from its 10 month cup with handle base, its first real base since going public in July 2004. Strong money flow is leading higher, and after this test it will be set to make its move.
Volume: 37.85K Avg Volume: 271.727K
BUY POINT: $13.45 Volume=383K Target=$16.75 Stop=$13.11
POSITION: QKR CV - Mar. $12.50c (65 delta) &/or Stock
http://www.investmenthouse.com/ct/kong.html
Play Date: 10/22/2005
NWRE (Neoware--$17.53; +0.19; optionable): Business customer software
http://biz.yahoo.com/p/n/nwre.html
STATUS: Cup w/handle. Holding up very well, tapping the 10 day EMA (16.95) on the low and posting a modest gain. NWRE continues to hold just below the breakout point from its long base, and with the market in retreat, it is showing excellent relative strength. To recap: NWRE is forming the handle to a big 26 month base, working laterally this month above the 18 day EMA (16.62), using that level to shakeout the last sellers and set up the breakout move. Strong 24 to 17 accumulation in the pattern shows plenty of buying as NWRE sets up a breakout for a new all-time high. Strong money flow is leading higher and relative strength broke out ahead of the price.
Volume: 303.736K Avg Volume: 336.132K
BUY POINT: $18.24 Volume=487K Target=$21.95 Stop=$16.96
POSITION: QQA AW - Jan. $17.50c (51 delta) &/or Stock
http://www.investmenthouse.com/ct/nwre.html
Good Investing!
Jon L. Johnson and your Technical Traders Report 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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