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stock ticker, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: IIJI; IMGC; IRIS; LSTR; MRVL
Thursday night play results:
ALXN: Still in the handle but sold Friday on stronger volume.
ARW: Volume is edging higher as ARW moves toward the breakout.
SBAC: Gapped higher but finished off the high on very low volume.
Upside:
Play Date: 11/19/2005
EMKR (Emcore--$6.32; -0.09; no options): Semiconductor integrated circuits
http://biz.yahoo.com/p/e/emkr.html
STATUS: Double bottom w/handle breakout. EMKR broke out on Thursday on strong volume, moving out of a short but solid 6 week base. It gapped higher Friday but faded on lower trade. Looking to move in as EMKR continues the breakout. Excellent 4 to 0 accumulation in the base (4 up price weeks on rising volume to 0 down price weeks on rising volume) shows plenty of buying that has set up the breakout and subsequent run. Money flow is strong as well and a good break higher by relative strength.
Volume: 595.839K Avg Volume: 359.5K
BUY POINT: $6.55 Volume=539K Target=$7.95 Stop=$6.09
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/emkr.html
Play Date: 11/19/2005
PTC (Par Technology--$30.49; +0.23; no options): Management technology solutions to hospitality and retail industries
http://biz.yahoo.com/p/p/ptc.html
STATUS: Cup w/handle. Sold 16 week base has formed, setting up for the next breakout to an all-time high. Positive accumulation and used the 200 day SMA (23.80) on the lows as support; like to see that as that is where the institutions get in or get out. Very nice handle is setting up a good breakout. Like that we do not have to really surge to a new high in order to bank a great return.
Volume: 61.4K Avg Volume: 101.983K
BUY POINT: $32.05 Volume=153K Target=$37.95 Stop=$29.81
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/ptc.html
Play Date: 11/19/2005
RADS (Radian Systems--$11.92; +0.72; optionable): Technology solutions for retail and food service business operations
http://biz.yahoo.com/p/r/rads.html
After Hours: $12.90
STATUS: Cup with handle breakout. Volume surged Friday as RADS broke higher from a 15 week base that formed using the 200 day SMA (10.25) on the low as support. Solid 4 to 2 accumulation in the base shows net buyers, setting up the breakout and run. It was supposedly mentioned on 'Mad Money' Friday after the close and there were some late high trades. If it gaps higher we won't chase it but will see if it comes back after the initial move and gives us an entry point near our buy point. Strong money flow is surging higher, a good complement to the accumulation as RADS moves toward a 4 year high.
Volume: 690.054K Avg Volume: 140.441K
BUY POINT: $12.06 Volume=211K Target=$14.48 Stop=$11.22
POSITION: QRC DB - Apr. $10c (65 delta) &/or Stock
http://www.investmenthouse.com/cd/rads.html
Continuing plays ready to move:
Play Date: 11/14/2005
ASML (ASML Holdings--$18.66; +0.43; optionable): Chip equipment
http://biz.yahoo.com/p/a/asml.html
After Hours: $18.67
STATUS: Gapped higher and butted against the buy point of its 9 month triangle base. Made a higher low at the 18 day EMA (18.04) last week, and rebounded into Friday. It lacked volume on that move, something it has to show as it continues higher. Strong money flow is leading the way higher.
Volume: 1.7M Avg Volume: 2.516M
BUY POINT: $18.88 Volume=3.7M Target=$22.55 Stop=$17.78
POSITION: MFQ DW - Apr. $17.50c (62 delta) &/or Stock
http://www.investmenthouse.com/cd/asml.html
Play Date: 11/12/2005
HCSG (Healthcare Services Group--$20.23; +0.43; no options): Housekeeping, laundry, facility maintenance, food services to nursing homes, retirement centers, etc.
http://biz.yahoo.com/p/h/hcsg.html
STATUS: Reverse head and shoulders. One of those you can call a few different patterns, but the bottom line is it is a solid 19 week base that formed using the 200 day SMA (17.68) as support. It has moved laterally the past three weeks, breaking higher Friday on rising but still below average volume. Want to see that volume rise as it continues the move higher.
Volume: 142.699K Avg Volume: 174.591K
BUY POINT: $19.95 Volume=300K Target=$23.95 Stop=$19.05
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/hcsg.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: Moving up the 10 day EMA on very low, below average volume, not giving us the definitive break higher on volume. A test back this week may set up the stronger move.
BR: Struggling at the 50 day EMA on low volume after the rebound. Tough call here but can again sell the $65 calls for another move down toward 65.
COH: Recovering nicely form the Tuesday gap lower.
NVDA: Moving well into the close of the week. There were rumors a buyer was ready to acquire NVDA but nothing materialized last week. If such an announcement comes it is often a good idea to take some of the gain off the table on the news and the gap higher.
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.
SSD: Broke out from a 15 week ascending triangle Thursday on some solid trade. The base formed using the 50 day EMA as support for the higher and higher lows. Very solid. Makes fasteners used in buildings.
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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stock ticker
stock recommendation
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