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stock recommendation, stock market recommendation
Begin part 3 of 3
THE PLAYS
Good movers: ALO; BGC; CASY; CLE; INT; PSYS
Monday night play results:
INT: Continued the good move on continued above average volume.
CTHR: Making the test of the 10 day EMA that we wanted to see, and now it is ready.
TLWT: Moved higher but got absolutely no volume.
New Plays:
Upside:
Play Date: 12/13/2005
HLEX (Healthextras--$24.05; +0.64; optionable): Pharmacy benefit management services
http://biz.yahoo.com/p/h/hlex.html
STATUS: Double bottom w/handle. Stronger, average volume Tuesday, the best volume in three weeks, as HLEX broke higher to a new all-time high. Sweet little base with 3 to 1 accumulation (3 up price weeks on rising volume to 1 down price weeks on rising volume) and surging money flow leading it higher. Ready to move in on a further rally.
Volume: 439.734K Avg Volume: 363.488K
BUY POINT: $24.31 Volume=545K Target=$29 Stop=$22.81
POSITION: HUE CX - Mar. $22.50c (69 delta) &/or Stock
http://www.investmenthouse.com/cd/hlex.html
Play Date: 12/13/2005
OMCL (Omnicell--$11.45; -0.37; optionable): Services for clinical areas in healthcare facilities
http://biz.yahoo.com/p/o/omcl.html
STATUS: Double bottom breakout. Strong volume the past two weeks as OMCL bottomed on the second leg of its 12 week base and rallied on out of the pattern. Strong 4 to 1 accumulation in this base set up the break higher. Volume was strong money on the strong move and backed off Tuesday as OMCL gave back some of that gain. Looking for it to continue the move to enter. It may come back to the 10 day EMA (10.89) before turning back up. If it does, all the better as we will enter when it bounces on rising trade.
Volume: 264.459K Avg Volume: 209.912K
BUY POINT: From the Tuesday close: $11.88. Test 10.90, then 11.27 on the way back up. Volume=315K Target=$14.32 Stop=$11.05
POSITION: UMK EB - May $10c (65 delta) &/or Stock
http://www.investmenthouse.com/cd/omcl.html
Play Date: 12/13/2005
IWN (Russell 2000 Value EFT--$68.25; +0.17; optionable)
http://biz.yahoo.com/p/i/iwn.html
STATUS: Cup w/handle. Volume has kicked up on the upside sessions this month as IWN forms the handle to its 18 week base. It has run into some resistance here at 68.35 along with the rest of the market as the small caps set up for the breakout move. Money flow is surging and the price/volume action is solid. Using options to leverage our gain.
Volume: 1.499M Avg Volume: 1.117M
BUY POINT: $68.47 Volume=1.6M Target=$74.55 Stop=$67.55
POSITION: IWN EP - May $68c (61 delta)
http://www.investmenthouse.com/cd/iwn.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
BR: Still moving higher with another gap. Just going to see how far it will go on this move. When it taps out we will take the gain.
COH: Reached down to tap the 50 day EMA on the Tuesday low on rising, average volume. It rebounded to recoup some of the loss.
NVDA; Nice move continues off the 18 day EMA, getting a bit more volume but still below average.
PSYS: Volume moved up toward average as PSYS moved off the 50 day EMA.
STN: Bombs away, falling hard on strong volume. Looks as if it is a wreck this time.
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 recommendation
stock market recommendation
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