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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: AMX; CETV; ELOS; LSTR; NTRI
Weekend play results:
BRCM: Faded back toward the 10 day EMA but on very low volume.
CETV: Nice break higher on volume.
LPSN: Rallied hard early but gave the move back to close flat.
MCRS: Low volume fade toward the 10 day EMA to test the Friday move.
CHS: Reached below the 18 day EMA and rebounded to close holding that level. That is setting the move to the upside
MSTR: Slid further, closing below the 50 day EMA. WE will see.
New Plays:
Upside:
Play Date: 12/05/2005
ABC (Amerisourcebergen--$81; +1.54; optionable): Drugs. Splits 2:1 on 12-29-05
http://biz.yahoo.com/p/a/abc.html
STATUS: Cup w/handle. Nice break higher Monday in a weaker market, clearing the highs in its 11 week base that formed using the 50 day EMA (77.07) as support. Closing in on a new high with this move, ABC is starting its pre-split run. Nice 3 to 1 accumulation in the pattern (3 up price weeks on rising volume to 1 down price weeks on rising volume) shows net buying, something that propels the stock higher. Some solid trade the past week. Ready to move in as ABC continues the move.
Volume: 983K Avg Volume: 959.616K
BUY POINT: $81.32 Volume=1.1M Target=$88 Stop=$79.42
POSITION: ABC BP - Feb. $80c (61 delta)
http://www.investmenthouse.com/ci/abc.html
Play Date: 12/05/2005
AMTD (Ameritrade--$24.43; +0.57; optionable): Investment brokerage
http://biz.yahoo.com/p/a/amtd.html
After Hours: $25.10
STATUS: Breakout test. Broke out from a 4 month flat base in mid-November, moving higher up the 10 day EMA (23.58). The past two weeks it has moved laterally right at 24. consolidating that move and setting up for the next move higher. Monday volume jumped back above average as AMTD broke through 24. A top rated stock in its category, AMTD is at a 6 year high and looking for more. Strong money flow and a relative strength breakout Monday look very positive. It was up after hours, the only news being it set the date for the special meeting to acquire TD Waterhouse's securities brokerage business. Looking solid and ready to move in on a continued move higher with some solid trade.
Volume: 9.41M Avg Volume: 4.444M
BUY POINT: $24.62 Volume=5M Target=$28.95 Stop=$23.22
POSITION: TQA EE - May $25c (59 delta) &/or Stock
http://www.investmenthouse.com/ci/amtd.html
Play Date: 12/05/2005
ENDP (Endo Pharmaceuticals--$29.99; -0.11; optionable): Drugs
http://biz.yahoo.com/p/e/endp.html
After Hours: $29.97
STATUS: Cup w/handle. Nicely formed 14 week base, setting ENDP up for a breakout to a new all-time high. It made the break last week on strong volume but then immediately fell back. Still very solid, holding the 10 day EMA (29.98) on the closes. Monday it reached down to the 18 day EMA (29.51) on the low and rebounded, shaking out the sellers. Positive accumulation and strong money flow. It is set up to make the move; just needs to show it.
Volume: 1.322M Avg Volume: 1.301M
BUY POINT: $30.65 Volume=2M Target=$36.55 Stop=$29.42
POSITION: IUK DF - Apr. $30c (60 delta) &/or Stock
http://www.investmenthouse.com/ci/endp.html
Play Date: 12/05/2005
INGR (Intergraph--$49.81; +1.06; optionable): Spatial information software
http://biz.yahoo.com/p/i/ingr.html
STATUS: Flat base. Strong, strong volume Monday as INGR broke out from a 5 week flat base that formed after a 5 month run up the 18 day EMA (48.17). No real news Monday to break it higher, just a strong, top rated stock going about its business. Solid 3 to 0 accumulation set up the move and we are ready to move in as it continues the move, following that strong money flow higher.
Volume: 709.642K Avg Volume: 319.608K
BUY POINT: $50.04 Volume=450K Target=$57.95 Stop=$48.31
POSITION: IGQ DJ - Apr. $50c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/ingr.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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trade stock
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