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stock ticker, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: ASML; ASPM; COHU; GAP; HCSG; NVDA
Monday night play results:
BEAV: Moving higher but volume still could not pass average
CASY: Nice hammer doji at the 10 day EMA on strong volume.
SCHN: Held steady on lower, average volume.
Upside:
Play Date: 11/22/2005
ALKS (Alkermes--$19.66; +0.73; optionable): Drug delivery
http://biz.yahoo.com/p/a/alks.html
STATUS: Cup with handle breakout. Volume jumped Tuesday as ALKS started the breakout move from its 11 week base that formed using the 50 day EMA (17.21) as support. Strong money flow as ALKS breaks to a 3 year high. Relative strength is breaking out as well, a very solid corroboration of the price move. Looking to move in as ALKS continues its breakout move.
Volume: 1.602M Avg Volume: 1.201M
BUY POINT: $19.95 Volume=1.2M Target=$23.95 Stop=$18.55
POSITION: QAL BD - Feb. $20c (55 delta) &/or Stock
http://www.investmenthouse.com/cd/alks.html
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/cd/efx.html
Play Date: 11/22/2005
WITS (Witness Systems--$21.27; +0.32; optionable): VOIP, e-learning management applications, etc.
http://biz.yahoo.com/p/w/wits.html
After Hours: $20.98
STATUS: Cup w/handle. Somewhat of a ragged 8 week base formed right after a larger 8 month cup pattern. Strong volume Tuesday as WITS received accolades for its 'New Impact 360 Solution,' surging to 22.12 on the high but giving most of the move back. Strong 3 to 1 accumulation in the short base (3 up price weeks on rising volume to 1 down price weeks on rising volume) shows net buying, and strong money flow is surging higher, paving the way. Looking for continued solid volume as WITS continues the breakout move.
Volume: 494.242K Avg Volume: 294.539K
BUY POINT: $21.42 Volume=300K Target=$25.48 Stop=$19.92
POSITION: UPJ CD - Mar. $20c (62 delta) &/or Stock
http://www.investmenthouse.com/cd/wits.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
AAPL: Continuing higher after a modest lateral test the past week.
BR: Gapped higher Tuesday though not a lot of volume. Its key test is 75 where it peaked in early November.
RTSX: Very nice low volume test of the 10 day EMA, showing a pair of dojis at that level.
STN: Moving laterally below 70, forming a handle to its 16 week base.
UNH: Nice easy pullback to test the 10 day EMA after another run higher this month off of near support.
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.
ANN: ANN is blasting out of a 20 month base, a move long time coming. Volume was strong Friday as it gapped higher out of the pattern. ANN is one of those retailers that primed the pump with early holiday season sales. A test of the breakout, coming back toward 29.50 would be a good entry point.
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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