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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: COHU, GENZ, GILD, JCOM; MWPR, NWRE, SMTS, SWN, WIRE, AXL, FRK
Monday night play results:
AMED: Testing lower to the 18 day EMA on rising volume. Don't like that.
CBST: Still working on the handle on lower volume.
LUK: Volume bumped higher as LUK showed a tight doji. Getting ready.
NILE: Very nice tap fo the 10 day EMA and rebound. Great test.
Upside:
Play Date: 11/08/2005
CELG (Celgene--$59.43; -0.02; optionable): Drugs. Researching to pinpoint an exact date.
BACKGROUND: Last announced a 2:1 split 9-9-04 at $57.40. Its other split was a 3:1 split announced 3-13-00 at $168.
http://biz.yahoo.com/p/c/celg.html
After Hours: $59.55
STATUS: Breakout test. CELG formed a short 7 week cup base in September and October, then broke higher early this month on strong, above average volume. It reached over 60 and then started this low volume test. It has not given up much ground, holding well above the 10 day EMA (57.20). It may come back to that point but it is being very stingy with its gains, a sign of its strength. Looking for volume to kick back up as it moves through the buy point, continuing its breakout run and moving to a new all-time high.
Volume: 1.106M Avg Volume: 2.53M
BUY POINT: $60.45 Volume=3.2M Target=$69.95 Stop=$57.04
POSITION: LQH DL - Apr. $60c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/celg.html
Play Date: 11/08/2005
TEVA (Teva Pharmaceutical--$38.99; +0.64; optionable): Drugs
http://biz.yahoo.com/p/t/teva.html
After Hours: $38.80
STATUS: Test breakout. TEVA is a post-split play, splitting in July 2004. That is when it fell into its 15.5 month ascending triangle base. It needed this to consolidate a long run from one of the more successful stocks. It broke sharply higher in mid-October, rallying on solid volume. It peaked near 39and started to move laterally the past two weeks, holding the 10 day EMA (38.28) on the lows. Tuesday volume spiked back up above average as TEVA posted a solid gain. Strong money flow is leading higher, and it looks as if TEVA is going to follow it higher.
Volume: 7.598M Avg Volume: 4.227M
BUY POINT: $39.45 Volume=5.5M Target=$45.75 Stop=$37.32
POSITION: TVQ CU - Mar. $37.50c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/teva.html
New buy points on current positions:
Play Date: 11/08/2005
CRM (Salesforce.com--$26.23; -0.21; optionable): On-demand customer relationship management
http://biz.yahoo.com/p/c/crm.html
STATUS: Breakout test. CRM bolted out of a 10 week base in late October, tested, and then shot higher to start this month. It has come back on very low volume the past week to test the move, tapping at the 10 day EMA (25.80) on the Tuesday low and rebounding on rising though still below average volume. Strong money flow and a relative strength breakout. Ready to continue higher.
Volume: 980.5K Avg Volume: 1.411M
BUY POINT: $26.95 Volume=2.1M Target=$31.95 Stop=$25.06
POSITION: CRM BE - Feb. $25c (62 delta) &/or Stock
http://www.investmenthouse.com/ci/crm.html
Play Date: 11/08/2005
JCOM (J2 Global Communications--$45.35; +0.93; optionable): Internet communications
http://biz.yahoo.com/p/j/jcom.html
After Hours: $45.33
STATUS: Breakout test. JCOM broke out from its 7.5 month base in mid-October and has rallied up the 10 day EMA (44.29), using that as support. It faded back the past week to once again the 10 day, and then bounced Tuesday on rising slightly above average volume. Looks ready to continue its breakout move to an all-time new high.
Volume: 579.618K Avg Volume: 504.055K
BUY POINT: $46.05 Volume=650K Target=$53.95 Stop=$43.15
POSITION: JQF CI - Mar. $45c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/jcom.html
Play Date: 11/08/2005
VCLK (Valueclick--$19.03; -0.03; optionable): Internet advertising services
http://biz.yahoo.com/p/v/vclk.html
After Hours: $19.01
STATUS: Breakout test. The top rated stock in this solid sector, VCLK has moved laterally the past week after a strong surge to start November took it out of a short 5 week cup with handle. Strong volume move and a relative strength breakout. Money flow is leading higher, and after this nice, tight lateral move VCLK e ready to follow it higher and move to a new all-time high.
Volume: 1.39M Avg Volume: 1.815M
BUY POINT: $19.48 Volume=2.7M Target=$23.38 Stop=$18.12
POSITION: QCS CD - Mar. $20c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/vclk.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 split
stock recommendation
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