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us stock market, trade stock
Begin part 3 of 3
THE PLAYS
Good movers: AQNT; GENZ; IDXX; IIJI; LRCX; LUK; MPWR; NVDA; RBAK; VTIV
Monday night play results:
CELG: Still in the nice tight lateral move.
TEVA: Volume fell back off as TEVA continues its lateral move hugging the 10 day EMA
CRM: Moved up off the 10 day EMA, but volume did not move with it.
JCOM: Moved higher on average trade but fell back to close off its high. Still ready.
VCLK: Tapped the 10 day EMA on the low and rebounded. Setting up.
Upside:
Play Date: 11/09/2005
COH (Coach--$33.85; -0.08; optionable): Handbags, etc.
http://biz.yahoo.com/p/c/coh.html
STATUS: Cup w/handle. COH is forming a nice low volume handle this week, coming back to test the 10 day EMA (33.35) on the intraday low and rebounding. Good action in a 15 week base that formed using the 200 day SMA (30.87) as support on the base lows. A market leader with top notch earnings that is setting up a nice base ahead of the holiday season. Money flow is running higher ahead of price, and after this dip it is ready to give us the breakout move.
Volume: 1.736M Avg Volume: 2.659M
BUY POINT: $34.88 Volume=4M Target=$40.25 Stop=$33.21
POSITION: COH BG - Feb. $35c (47 delta) &/or Stock
http://www.investmenthouse.com/ci/coh.html
Play Date: 11/09/2005
HRS (Harris Corp.--$42.51; -0.20; optionable): Telecom equipment
http://biz.yahoo.com/p/h/hrs.html
STATUS: Breakout test. HRS broke out from an 8 week trading range between 38 and 42 in early November and has moved laterally on low volume since as the market consolidates its recent strong move. It is not giving up its gains, and it will be ready to move higher after another session or two and follow money flow higher.
Volume: 550.8K Avg Volume: 787.477K
BUY POINT: $43.32 Volume=1M Target=$49.55 Stop=$41.38
POSITION: HRS BH - Feb. $40c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/hrs.html
Play Date: 11/09/2005
MSTR (Microstrategy--$72.31; -0.19; optionable): Software to analyze company data to see trends, etc.
http://biz.yahoo.com/p/m/mstr.html
STATUS: Test 50 day EMA. MSTR has eased back to test the 50 day EMA (71.08) on very low, below average volume as it makes a higher low in its 13 week base. Solid 5 to 3 accumulation (5 up price weeks on rising volume to 3 down price weeks on rising volume) is setting up the move. Just waiting for the next volume break higher.
Volume: 187.927K Avg Volume: 408.318K
BUY POINT: $73.35 Volume=612K Target=$84.35 Stop=$70.89
POSITION: EQU DO - Apr. $75c (48 delta) &/or Stock
http://www.investmenthouse.com/ci/mstr.html
Play Date: 11/09/2005
PNRA (Panera Bread--$61.15; +0.04; optionable): Specialty eats. Researching to pinpoint a date.
BACKGROUND: Last announced a 2:1 split on 6-6-02 at $66.40
http://biz.yahoo.com/p/p/pnra.html
After Hours: $61.10
STATUS: Cup w/handle. PNRA is working on a nice low volume handle the past week, just like the market. It is moving laterally in a tight range above the 10 day EMA (59.96), setting up the breakout move from its 19 week base. Positive accumulation and money flow rallying ahead of price. Just waiting for it to show us the strong break higher.
Volume: 240.859K Avg Volume: 663.187K
BUY POINT: $62.25 Volume=995K Target=$71.62 Stop=$59.72
POSITION: UPA BL - Feb. $60c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/pnra.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
trade stock
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