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stock recommendation, stock option
Begin part 3 of 3
THE PLAYS
Good movers: AKAM; BABY; BBBB; BCSI; DNA; JCOM; MRVL; NVDA; NWRE; RBAK; SYKE; UNH
Monday play results:
DIOD: Still testing the 50 day EMA.
DNA: Solid surge on rising, average volume.
ESV: Held steady just below the buy point on slowly rising trade.
LRCX: Rallied off the 18 day EMA, but no volume.
MACR: Still working on the handle with continued above average volume.
Upside:
Play Date: 10/31/2005
IDC (Interactive Data Corp.--$23.2; +0.66; no options): Financial and business information to financial institutions, retail investors
http://biz.yahoo.com/p/i/idc.html
STATUS: Double bottom w/handle. IDC is making a volume breakout from an 8 week base that formed right on top of a 8 month cup with handle. Nice base on base pattern that really works to weed out the sellers and set a strong move. Looks as if that move started Monday. Solid 3 to 0 accumulation in the base (3 up price weeks on rising volume to 0 down price weeks on rising volume) shows plenty of buying in the smaller pattern has set the stage. Relative strength broke out as well. Very solid and a top ranked stock with great fundamentals and technical position breaking to a 6 year high.
Volume: 248.3K Avg Volume: 100.7K
BUY POINT: $23.45 Volume=150K Target=$27.95 Stop=$22.12
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/idc.html
Play Date: 10/31/2005
PSUN (Pacific Sunwear--$25.02; +0.92; optionable): Apparel stores
http://biz.yahoo.com/p/p/psun.html
After Hours: $25.01
STATUS: Double bottom w/handle. Strong volume break higher Monday as PSUN moves to the breakout point in its nicely formed 8 month base. PSUN is a perennial market leader, and after a strong run in 2003, it based in 2004, enjoying a strong run from August to March 2005. It needed this base to reset and it is doing just that. Money flow is surging higher and PSUN is starting to follow its lead. A strong leader that is starting its break higher.
Volume: 2.599M Avg Volume: 1.781M
BUY POINT: $25.38 Volume=2.2M Target=$29.85 Stop=$23.88
POSITION: PVQ CE - Mar. $25c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/psun.html
Play Date: 10/31/2005
STJ (St. Jude Medical--$48.07; +0.89; optionable): Medical appliances
http://biz.yahoo.com/p/s/stj.html
After Hours: $48
STATUS: Test breakout/double bottom w/handle. A very strong market leader that bolted higher two weeks back, moving out of a nicely formed 11 week double bottom base that was setting up a move to a new all-time high. A nice low volume test the past week held the 18 day EMA (47.27), shaking out the last sellers and setting up the next move. This is basically a handle to the nice pattern that formed along the 50 day EMA (46.42). Strong stock with solid 5 to 3 accumulation that has set the stage for a breakout and rally higher. Strong money flow and relative strength ready to breakout again.
Volume: 2.155M Avg Volume: 2.056M
BUY POINT: $48.35 Volume=2.2M Target=$54.95 Stop=$47.11
POSITION: STJ AI - Jan. $45c (74 delta) or STJ DJ - Apr. $50c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/stj.html
Play Date: 10/31/2005
STMP (Stamps.com--$20.16; +0.87; optionable): Internet postage, photo stamps, online postage store
http://biz.yahoo.com/p/s/stmp.html
After Hours: $20.16
STATUS: Cup w/handle. A strong shot of volume Monday as STMP broke higher, clearing a week long low volume, lateral move. This consolidated a gap higher three weeks back off the lows of the pattern. Still building the base but a nice gap over the 200 day SMA (17.91) and then a continuation of the move Monday. A nicely formed 20 week base sporting positive 5 to 4 accumulation and money flow rallying higher ahead of price. Looking for a 5.5 year high as it continues the move. Solid fundamentals to go along with the solid technical pattern.
Volume: 451.593K Avg Volume: 199.146K
BUY POINT: $20.42 Volume=299K Target=$24.38 Stop=$18.99
POSITION: JXQ BD - Feb. $20c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/stmp.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 recommendation
stock option
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