|
|
us stock market, stock ticker
Begin part 3 of 3
THE PLAYS
Good movers: BOOM; CERS; CHRS; ECLP; NBR; RBAK; REDF; SMSC; TRAD
Weekend play results:
CERS: Rallying higher on strong volume.
MXWL: Eased back on lower volume after the strong Friday surge.
NUAN: Gapped lower to the 18 day EMA but then rebounded. Filled the gap and recovered in one move.
WITS: Gapped higher and then faded to flat, still ready to move higher.
RADS: Gave back some of the Friday gain on lower trade. Good test and still setting up to continue the move.
New Plays:
Upside:
Play Date: 12/12/2005
INT (World Fuel Service--$35.73; +0.83; optionable): Worldwide wholesale jet and marine fuel
http://biz.yahoo.com/p/i/int.html
STATUS: Cup w/handle. Volume has improved the past three sessions as INT moves toward the breakout from its 14 week base sporting solid 5 to 3 accumulation (5 up price weeks on rising volume to 3 down price weeks on rising volume) that is setting up the breakout. Ready for a new high and looking for continued volume as it continues upside and gives us the breakout move. Strong market leader with great fundamentals and great technicals.
Volume: 327.8K Avg Volume: 301.831K
BUY POINT: $36.28 Volume=453K Target=$45.45 Stop=$34.11
POSITION: INT EG - May $35c (62 delta, low OI) &/or Stock
http://www.investmenthouse.com/cd/int.html
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/cd/cthr.html
Play Date: 12/12/2005
TLWT (Telewest Global--$23.08; +0.30; optionable): Wireless telecom
http://biz.yahoo.com/p/t/tlwt.html
STATUS: Ascending base. Volume has jumped the past two sessions as TLWT heads toward the breakout from its 5.5 month base that has formed using the 50 day EMA (22.49) as support. That is where the big money steps in to accumulate its favorite stocks, and TLWT has been under accumulation given the excellent 7 to 3 buying in the base (7 up price weeks on rising volume to 3 down price weeks on rising volume). Strong money flow is leading the way. A new issue in July 2004 and looking for a new all-time high.
Volume: 5.818M Avg Volume: 3.017M
BUY POINT: $23.45 Volume=3.5M Target=$28 Stop=$22.48
POSITION: QTX CX - Mar. $22.50c (55 delta) &/or Stock
http://www.investmenthouse.com/cd/tlwt.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
CELG: Gapped higher but once again no volume and the move failed. Still moving laterally over the 18 day EMA, holding its gains.
BR: Major gap higher as COP is supposed to buy it. For cash. Lots of cash. Nice.
NVDA: Coming back to life, finally, after that downgrade in late November. Held the 18 day EMA and starting to bounce.
RTSX: Moving off the 18 day EMA on rising, average trade.
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.
PWER: Has broken a 2 year down trendline, clearing it late November and moving up the 10 day EMA. It has made a higher low over last summer's high; that confirms it has established something of an uptrend here.
LMS: Hit an all-time high this month with a gap higher to start December on strong trade. It has rallied higher above the 10 day EMA since. A bit extended to move into and that big gap is begging to be filled.
HURC: Strong gap higher last week, continuing the November breakout from an 11 month lateral move. We were watching this one when it bolted higher with the gap, and it needs to fade to test this move. The 10 day EMA is all the way back at 26 and the gap up point is 24. It closed at 28.52. A bit extended.
PLXS: Has reached the former high in its 2 year cup base. Big breakout in early November and then a rally up the 10 day EMA November and so far this month. The past two weeks have been volatile, bouncing up and down between 21 and 22.75, consolidating the breakout. Needs to settle down a bit and then break higher over the recent highs.
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.
|
us stock market
stock ticker
|
