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us stock market, trade stock
Begin part 3 of 3
THE PLAYS
Good movers: BMD; FCN; PETS; PSUN; TRAD; VCLK
Wednesday night play results:
BGC: Gapped higher and then started to test.
ESLR: Doji on lower volume. A bit of a test here would set up the move even better.
LSTR: Broke higher but volume did not follow it.
MRVL: Strong volume early and MRVL was surging, but it gave much of the move back by the close.
Upside:
Play Date: 11/03/2005
IIJI (Internet Initiative Japan--$10.37; +1.15; optionable): Internet service provider
http://biz.yahoo.com/p/i/iiji.html
After Hours: $10.23
STATUS: Flat base. A pancake flat base the past 15 weeks started to break upside Thursday as volume jumped above average for the first time in a month. Strong move toward the breakout from a pattern sporting excellent 7 to 0 accumulation (7 up price weeks on rising volume to 0 down price weeks on rising volume). Looking to capture the move higher to its prior high near 13.
Volume: 3.49M Avg Volume: 1.096M
BUY POINT: $10.65 Volume=1.6M Target=$12.85 Stop=$9.91
POSITION: IQD DB - Apr. $10c (58 delta) &/or Stock
http://www.investmenthouse.com/cd/iiji.html
Play Date: 11/03/2005
FIX (Comfort Systems--$9.08; +0.53; no options): HVAC services
http://biz.yahoo.com/p/f/fix.html
STATUS: Test 50 day EMA. FIX broke out form a 7 month reverse head and shoulders base in late September, surging over 10. It then was caught in the market selling, but held the 50 day EMA (8.44) and moved laterally at that level for the past three weeks. Reported some strong results Wednesday after the close and rallied on volume Thursday. Good continuation of the breakout after the test. Strong money flow is leading higher and FIX is ready to follow it.
Volume: 255.9K Avg Volume: 126.939K
BUY POINT: $9.21 Volume=190K Target=$11.11 Stop=$8.57
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/fix.html
Current plays ready to make the move.
Play Date: 10/25/2005
CLHB (Clean Harbors--$35.18; +1.32; optionable): Waste management
http://biz.yahoo.com/p/c/clhb.html
STATUS: Flat base. Volume moved above average Thursday as CHLB headed toward the breakout from its 8 week base that formed over the 18 day EMA (33.74). Solid 2 to 0 accumulation in the base has set up the break higher. Strong money flow as well and relative strength ready to make the breakout move as well.
Volume: 244.589K Avg Volume: 243.747K
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: 10/08/2005
MUSE (Micromuse--$7.57; +0.26; optionable): Information technology services
http://biz.yahoo.com/p/m/muse.html
STATUS: Test 50 day EMA. Volume jumped above average for the first time in three weeks as MUSE continued its move off the 50 day (7.00). Strong money flow is leading higher and relative strength is ready for the breakout as well.
Volume: 1.184M Avg Volume: 797.138K
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: 10/12/2005
VTIV (Ventiv Health--$25.86; +0.32; optionable): Outsourced clinical sales, marketing and other solutions for pharma, biotech and life science industries
http://biz.yahoo.com/p/v/vtiv.html
STATUS: Test 50 day EMA. VTIV finally got some volume Thursday, with trade moving up to average as VTIV bounced off the 50 day EMA (25.01). This 50 day test is the test of a breakout from a 6 month cup with handle base. A strong stock that is a market leader sporting excellent fundamentals to go along with the strong pattern. Money flow is moving higher ahead of price, and this looks to be the start of the resumption of the breakout move.
Volume: 391.372K Avg Volume: 480.83K
BUY POINT: $26.48 Volume=714K Target=$32.25 Stop=$24.63
POSITION: QBP AY - Jan. $27.50c (55 delta) &/or Stock
http://www.investmenthouse.com/cd/vtiv.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
CELG: Volume is surging as CELG is breaking to a new all-time high out of its 7 week base. A buy on a continued move.
COH: Gapped higher on volume with a strong October sales report.
RTSX: Moving well though it closed well off of its intraday high.
UNH: Rumor has it there were some big blocks traded by Fidelity Magellan. Held above the 10 day EMA (57.38) on the close. This could present a great opportunity if it holds a test of that level and then starts to recover. Enticing but risky until we see how it responds.
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.
PRZ: In a 7 month downtrend. The past three weeks it has rebounded off its low. Volume did not rally with it yet. It tapped toward some pretty serious resistance at 4.00 and fell back. Subscriber indicates it tends to rise into its earnings that are a couple of weeks away.
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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