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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: CHE; DIOD; ELOS; NTRI; NBR; SMSC; TRAD
Weekend play results:
CMVT: Still moving laterally after the break high. Low volume Monday, still setting up the move.
IMGC: Testing back to the 18 day EMA on very low trade, preparing for the rebound
NUAN: Gapped massively lower but then recovered to close flat. Hell of a shakeout.
TALX: Gapped higher and ran on average volume but closed with a doji. Watching to see if it closed the slight gap.
MSCC: Trying to get going again with some improving trade as it tests the breakout point.
New Plays:
Upside:
Play Date: 12/12/2005
CTHR (Charles & Colvard--$31.41; -0.58; no options): Moissanite jewels
http://biz.yahoo.com/p/c/cthr.html
After Hours: $31.41
STATUS: Breakout test. Surged again Friday on strong volume, gapping higher once gain as it continued the breakout from its 16 week double bottom with handle base. The breakout took CTHR to a new all-time high with relative strength breaking out as well, a good corroboration of the price move. Excellent 8 to 2 accumulation in the pattern shows almost all buying as it set up the move. May come back a bit more to test the Friday gap higher (the 10 day EMA is just below at 30.23) before heading back up. Strong, and this test is giving us an opportunity.
Volume: 366.338K Avg Volume: 235.966K
BUY POINT: Test further toward 30.50 and then $31.25 Volume=354K Target=$37.55 Stop=$30.04
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/cthr.html
Play Date: 12/12/2005
OCR (Omnicare--$59.72; -1.23; optionable): Health care plans
http://biz.yahoo.com/p/o/ocr.html
STATUS: Breakout test. Strong breakout last Thursday from a 12 week cup with handle of sorts. The base formed using the 50 day EMA (56.23) as support, a key support level. Strong 4 to 1 accumulation in the pattern (4 up price weeks on rising volume to 1 down price weeks on rising volume) shows excellent accumulation as it based. Volume surged as OCR made the breakout, and it has is making a quick test, holding the 10 day EMA (59.23) on the Monday low and rebounding modestly. Surging money flow and a relative strength breakout. Looking for the rebound thru 60 to give us our entry point.
Volume: 2.874M Avg Volume: 1.057M
BUY POINT: $60.25 Volume=1.6M Target=$69.35 Stop=$58.89
POSITION: OCR CL - Mar. $60c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/ocr.html
Play Date: 12/12/2005
SIGM (Sigma Designs--$14.38; +0.46; optionable): Moving picture decoders
http://biz.yahoo.com/p/s/sigm.html
After Hours: $14.41
STATUS: Flying plateau. Volume jumped Monday as SIGM started to move off of its 10 day EMA (13.91). SIGM broke out in mid-November from a 10 week cup with handle base, and rallied up to 14. It then spent the past three weeks moving laterally in a tight range at that level as the 10 day EMA rose up to meet it. Very tight range to close out last week and a good jump higher Monday as the 10 day cam up to kiss it. That often sends a stock on its next leg. Solid 3 to 1 accumulation in the base and surging money flow. Relative strength broke out on the last breakout and it is ready to do the same as SIGM continues higher.
Volume: 749.988K Avg Volume: 446.48K
BUY POINT: $14.62 Volume=525K Target=$17.65 Stop=$13.72
POSITION: MQN DC - Apr. $15c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/sigm.html
New Buy Point on a Current Position:
Play Date: 12/12/2005
PSSI (PSS World Medical--$16.05; 0.00; optionable): Medical equipment
http://biz.yahoo.com/p/p/pssi.html
STATUS: Breakout test. PSSI broke out in mid-November, getting some volume at that point and breaking out from a 13 week base. It surged up to 16.60 on strong trade and then spent the past two weeks easing back to the 10 day EMA (16.00) on mostly below average volume. Nice tight range the past week as it holds this near support and sets up for the next break higher in this run. Strong money flow is leading higher. Strong stock and the leader in its sector.
Volume: 313.872K Avg Volume: 475.666K
BUY POINT: $16.32 Volume=713K Target=$18.98 Stop=$15.85
POSITION: PYQ EC - May $15c (63 delta) &/or Stock
http://www.investmenthouse.com/ci/pssi.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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