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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers: SOX; AKAM; CHE; COHU; CRM; DIOD; IDXX; NTRI; TEVA; WBSN
Monday night play results:
AMT: Great volume as AMT moves toward the buy point.
CHE: Nice break higher.
NUE: Faded as metals were hit by an analyst report of decreasing demand
WFR: Nice price move but not any volume with it.
Upside:
Play Date: 11/22/2005
EFX (Equifax--$37.50; +0.74; optionable): Business/Management services
http://biz.yahoo.com/p/e/efx.html
STATUS: Cup w/handle. Volume was surging Tuesday as EFX starts the breakout move from its 18 week base that formed using the 200 day SMA (33.91) on the lows, an important institutional support level. Solid 4 to 2 accumulation (4 up price weeks on rising volume to 2 down price weeks on rising volume) shows net buying during the consolidation as institutions accumulated shares. EFX has top rated fundamentals to go along with its excellent pattern. Looking for a continued volume move to start the position.
Volume: 1.371M Avg Volume: 717.082K
BUY POINT: $37.72 Volume=850K Target=$43.95 Stop=$36.42
POSITION: EFX DG - Apr. $35c (64 delta) &/or Stock
http://www.investmenthouse.com/ci/efx.html
Play Date: 11/22/2005
KYPH (Kyphon--$44.92; -0.3; optionable): Medical instruments
http://biz.yahoo.com/p/k/kyph.html
STATUS: Breakout test. KYPH is a top-rated stock in fundamentals and technical pattern. It broke to a new all time high last week as it broke out from a 9 week cup base, that base sporting strong 3 to 1 accumulation. Money flow is strong and relative strength broke out on that move. It is now testing, coming back to the 10 day EMA (44.41) this week, showing a doji on the candlestick chart right at that level Wednesday. Looking for volume to return as KYPH continues higher and resumes the breakout move.
Volume: 373.915K Avg Volume: 669.732K
BUY POINT: $45.65 Volume=750K Target=$53.95 Stop=$44.11
POSITION: QYQ CI - Mar. $45c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/kyph.html
New buy point on existing positions:
Play Date: 11/22/2005
DIOD (Diodes--$40.01; +1.01; optionable): Semiconductor integrated circuits. Splits 3:2 on 12-1-05
http://biz.yahoo.com/p/d/diod.html
STATUS: Cup. Volume has jumped the past three sessions as DIOD masses for a breakout from its 10 week base that formed right on top of the 50 day EMA (36.95) as DIOD sets up for a breakout to a new all-time high. Positive 3 to 2 accumulation in the pattern and strong money flow are setting up the breakout. Relative strength is already making the move, a good indication that DIOD is going to follow it. Want to see that solid volume continue as DIOD makes the breakout.
Volume: 241.692K Avg Volume: 205.642K
BUY POINT: $40.41 Volume=300K Target=$46.55 Stop=$38.22
POSITION: DUH CH - Mar. $40c (54 delta) &/or Stock
http://www.investmenthouse.com/cs/diod.html
Play Date: 11/22/2005
GILD (Gilead Sciences--$54.10; -0.10; optionable): Biotechnology
http://biz.yahoo.com/p/g/gild.html
After Hours: $54.16
STATUS: Breakout test. GILD broke out from a 15 week cup with handle base to start November, and has rallied up the 10 day EMA (53.24) since. It is currently making the second test of the 10 day, coming back this week on very low, below average volume, showing a doji on the candlestick chart just above that level Tuesday. It got some help along the way after the breakout when it settled a suit over Tamiflu with Roche. Strong stocks will make 4 to 5 runs off the 10 or 18 day EMA after a breakout, and that leaves plenty of upside left for GILD in this run.
Volume: 3.078M Avg Volume: 4.561M
BUY POINT: $54.69 Volume=5M Target=$62.95 Stop=$52.25
POSITION: GDQ BK - Feb. $55c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/gild.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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