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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: AKAM; DNA; CRM; HRS; MPWR; NILE; NTRI; NVDA; TALX; WBSN
Thursday night play results:
SOX: Started to move but no index volume. Still ready to continue higher.
AMX: Starting the breakout move on solid trade.
PWAV: Volume is up as PWAV resumes the move up after the breakout test.
VDSI: Gapped higher on volume but could not hold the move.
VIP: Still in a tight lateral handle.
Upside:
Play Date: 11/14/2005
ASEI (American Science & Engineering--$72.08; +4.79; optionable): X-ray inspection and other inspection systems for homeland security
http://biz.yahoo.com/p/a/asei.html
After Hours: $72.15
STATUS: Double bottom w/handle. ASEI gapped higher last week and then moved laterally to form a quick handle to its 9 week base. Positive 3 to 2 accumulation (3 up price weeks on rising volume to down price weeks on rising volume) shows net buying as the stocks based, and money flow is surging higher ahead of price. Relative strength has already broken out, a very bullish indication. A top rated stock in fundamentals and a great pattern, ready to take it to a new all-time high.
Volume: 540.218K Avg Volume: 313.972K
BUY POINT: $72.89 Volume=400K Target=$85.95 Stop=$69.88
POSITION: KBU DN - Apr. $70c (63 delta) or KBU DO - Apr. $75c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/asei.html
Play Date: 11/14/2005
DRI (Darden Restaurants--$34.36; +0.28; optionable): Olive Garden, Red Lobster, etc. Researching date but a great pattern.
BACKGROUND: Last announced a 3:2 split on 3-12-2002 at $38.
http://biz.yahoo.com/p/d/dri.html
STATUS: Cup w/handle. DRI has used the past week to form a nice lateral handle to its 14 week base, setting up for a breakout to a new all-time high. Solid 5 to 3 accumulation (5 up price weeks on rising volume to 3 down price weeks on rising volume) shows net accumulation to go along with surging money flow. Relative strength broke out as DRI shot higher in early November to finish the right side of its base. Volume started back up Monday as DRI probed the breakout. Just being patient and waiting for volume to shoot higher as it makes the breakout move.
Volume: 941.7K Avg Volume: 1.397M
BUY POINT: $35.02 Volume=2.1M Target=$40.95 Stop=$33.42
POSITION: DRI DG - Apr. $35c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/dri.html
Play Date: 11/14/2005
ELOS (Syneron Medical--$41.55; +2.06; optionable): Electro-optical synergy technology
http://biz.yahoo.com/p/e/elos.html
After Hours: $41.50
STATUS: Cup w/handle. An excellent 14 week base has formed over the 200 day SMA (33.67), setting up ELOS for a breakout to a new all-time high. Strong money flow and positive 3:2 accumulation in the base shows continued accumulation even as the stock consolidated. A new issued in August 2004, this is ELOS' second base, a great time to enter. Volume surged Monday as ELOS moved toward the breakout; it looks ready to continue to a new all-time high. Outstanding fundamentals go along with the super technical pattern.
Volume: 2.213M Avg Volume: 726.25K
BUY POINT: $42.12 Volume=1.1M Target=$50.55 Stop=$39.98
POSITION: QOE CH - Mar. $40c (59 delta) &/or Stock
http://www.investmenthouse.com/ci/elos.html
Play Date: 11/14/2005
FFIV (F5 Networks--$54.02; +0.20; optionable): Application traffic management for the internet
http://biz.yahoo.com/p/f/ffiv.html
STATUS: Double bottom w/handle. FFIV enjoyed a huge move from August 2004 to March 2005, and the current 8.5 month base is consolidating that move, setting FFIV up for the next breakout to a six-year high. A strong stock when it sets up and makes its breakout moves. The past two weeks it has moved laterally on very low, below average volume, building the handle, the final shakeout in its base before its breakout. Want to see volume break higher as FFIV does the same. A strong stock with great fundamentals to go with its nice base.
Volume: 720.837K Avg Volume: 1.068M
BUY POINT: $55.15 Volume=1.6M Target=$64.95 Stop=$52.57
POSITION: FLK DK - Apr. $55c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/ffiv.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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