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us stock market, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: HCC, IIJI, IRIS, IVIL, LRCX
Weekend play results:
COHU: Continued solid volume as COHU continues to move higher.
IDXX: Starting off the 18 day EMA. Could use more volume but it had a lot on the breakout.
KG: Gapped higher showing strong volume but closed flat. Still ready.
KONG: No volume yet.
NIHD: Nice doji over the 10 day EMA. Setting up well.
BBBB: Holding steady on low volume.
NVDA: Still testing the 10 day EMA on low volume.
Upside:
Play Date: 11/07/2005
AMED (Amedisys--$40.19; -0.41; optionable): Home health care
http://biz.yahoo.com/p/a/amed.html
After Hours: $40.28
STATUS: Breakout test. AMED surged to start the month, breaking out from an 8 week reverse head and shoulders base. Strong volume on the move and now a low volume test of the 10 day EMA (39.80) is making the test and setting up the next move higher to continue the breakout. Looking to take a position on a volume move through the buy point and then add to it on the break to the new high (over 43.71). Strong money flow is racing higher and accumulation is a solid 5 to 3 (5 up price weeks on rising volume to 3 down price weeks on rising volume). Strong market leader and it looks to be giving us a nice entry point.
Volume: 263.088K Avg Volume: 477.354K
BUY POINT: $41.32 Volume=716K Target=$49.55 Stop=$39.65
POSITION: CQW CH - Mar. $40c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/amed.html
Play Date: 11/07/2005
CBST (Cubist Pharmaceuticals--$21.14; -0.14; optionable): Drugs
http://biz.yahoo.com/p/c/cbst.html
After Hours: $21.13
STATUS: Cup w/handle. CBST has formed a short 5 week base over the 50 day EMA (19.02), a key support level that shows the big money moving in to support the stock. Nice fade back the past three sessions on continued low volume. Looking for volume to jump back as it makes the breakout. Strong earnings and sales to go along with the pattern.
Volume: 413.375K Avg Volume: 646.162K
BUY POINT: $21.95 Volume=969K Target=$26.45 Stop=$20.41
POSITION: UTU BD - Feb. $20c (67 delta) &/or Stock
http://www.investmenthouse.com/ci/cbst.html
Play Date: 11/07/2005
LUK (Leucadia National--$44.15; -0.02; optionable): Telecom services
http://biz.yahoo.com/p/l/luk.html
STATUS: Cup w/handle. Nice 8 week base has formed using the 50 day EMA (41.90) as support. Excellent 4 to 1 accumulation (4 up price weeks on rising volume to 1 down price weeks on rising volume) has set the stage for the breakout and the run higher. This has formed as a consolidation of the breakout from a larger 8 month base that broke out in September. Gapped higher Monday but could not hold the move. Nice base and ready to make the break higher.
Volume: 290.9K Avg Volume: 263.775K
BUY POINT: $44.75 Volume=396K Target=$52.95 Stop=$42.92
POSITION: LUK CI - Mar. $45c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/luk.html
Play Date: 11/07/2005
NILE (Blue Nile--$37.56; +0.96; optionable): Online diamonds, jewelry and watches
http://biz.yahoo.com/p/n/nile.html
After Hours: $37.49
STATUS: Breakout test. NILE exploded out of a 14 week flat base at the end of October, jumping higher to 38.85. It has faded back to the 10 day EMA (36.24) to test and then started back up Monday on strong, above average volume. Ready to continue toward another all-time high. Solid 4 to 2 accumulation in the base set up the breakout, matching the strong money flow. Relative strength broke out on the move, a good corroboration of the breakout. A top rated stock in earnings to go along with the pattern. Ready to move back up.
Volume: 376.129K Avg Volume: 167.226K
BUY POINT: $38.11 Volume=251K Target=$43.95 Stop=$35.89
POSITION: JWU BG - Feb. $35c (72 delta) &/or Stock
http://www.investmenthouse.com/ci/nile.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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us stock market
stock recommendation
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