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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers: AMX; DNA; ESRX; GME; GYI; HOLX; IVIL; NILE; OXPS; PSSI; PTC;
Weekend play results:
GYI: Nice continued move on the run to 100
HSP: Still looks solid and ready to continue the move
PTC: Sweet breakout on volume
MSTR: Working laterally over the 10 day EMA, setting up for the move.
PSTI: Volume surged but PSTI was all over the place during the session.
WBSN: Just looking for some volume.
Upside:
Play Date: 11/21/2005
AMT (American Tower--$26.17; +0.33; optionable): Wireless towers
http://biz.yahoo.com/p/a/amt.html
STATUS: Breakout test. AMT broke out in early November, moving out of a short 7 week base that formed along the 50 day EMA (24.44). Solid 3 to 0 accumulation in the base (3 up price weeks on rising volume to 0 down price weeks on rising volume) shows plenty of buying setting up the breakout. It has moved more or less laterally the past two weeks, holding above the 18 day EMA (25.31), showing good price/volume action with the up session showing the strong, above average volume spikes. Another good session Monday, moving up on rising volume. Money flow is rallying ahead of price, and we anticipate AMT will follow it.
Volume: 4.1M Avg Volume: 3.323M
BUY POINT: $26.49 Volume=4M Target=$31.45 Stop=$25.08
POSITION: AMT DE - Apr. $25c (74 delta) &/or Stock
http://www.investmenthouse.com/ci/amt.html
Play Date: 11/21/2005
CHE (Chemed--$48.28; +0.83; optionable): End of life hospice care
http://biz.yahoo.com/p/c/che.html
STATUS: Breakout test. CHE soared higher in late October, breaking out of a 5.5 month flat base on some very strong earnings. Rallied to 49.44 on the breakout and has spent the past three weeks fading back to the 10 day EMA to test the move. The move took it to a new all-time high, and this test is giving us a good entry point as it continues higher. Solid fundamentals to go along with the strong technical position. Volume started higher Monday but was still below average as CHE tried to continue the breakout run from the strong late October move. Nice tap lower again to the 10 day EMA (47.18) on the low and then rebounding for gain. Just want to see more volume as CHE continues higher.
Volume: 156.4K Avg Volume: 192.565K
BUY POINT: $48.55 Volume=291K Target=$55.95 Stop=$46.25
POSITION: CHE CI - Mar. $45c (63 delta) &/or Stock
http://www.investmenthouse.com/ci/che.html
Play Date: 11/21/2005
NUE (Nucor--$65.44; +2.10; optionable): Steel and iron
http://biz.yahoo.com/p/n/nue.html
After Hours: $65.32
STATUS: Cup w/handle. NUE is trying the breakout from a 9 month base sporting strong 10 to 5 accumulation (10 up price weeks on rising volume to 5 down price weeks on rising volume), setting up the move. Volume was not there on the Monday move but looks strong and ready to make the breakout stick.
Volume: 2.087M Avg Volume: 2.235M
BUY POINT: $65.67 Volume=3.4M Target=$77.95 Stop=$62.38
POSITION: NUE DM - Apr. $65c (59 delta) &/or Stock
http://www.investmenthouse.com/ci/nue.html
Continuing ready to move:
Play Date: 11/15/2005
WFR (Memc Electronic--$22.29; -0.21; optionable): Semiconductors integrated circuits
http://biz.yahoo.com/p/w/wfr.html
STATUS: Reverse head and shoulders. Gapped higher Friday on rising volume, moving out of its 7 week base that formed as WFR hit a 5 year high. Eased back Monday on lower volume partially filling the gap and then rebounding to cut its losses. May come back a bit more but like the rebound as it looks ready to continue the breakout move.
Volume: 2.339M Avg Volume: 3.31M
BUY POINT: $21.62 Volume=4.9M Target=$25.95 Stop=$20.11
POSITION: WFR DD - Apr. $20c (67 delta) &/or Stock
http://www.investmenthouse.com/ci/wfr.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 recommendation
stock investment information
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