|
|
trade stock, stock split
Begin part 3 of 3
THE PLAYS
Good movers: ADAM; INFA; NUAN; PWAV; TKC
Thursday night play results:
LUK: Still in the pullback to the 18 day EMA, riding out the Friday selling.
MRGE: Low volume drop, holding the handle.
CNQR: Fell back to the 18 day EMA on stronger, average volume. Holding the lateral move.
GME: Still holding the test, closing at the 10 day EMA Friday on low, low volume.
PSSI: Still setting up to continue the move, holding the 18 day EMA Friday on some selling.
New Plays:
Upside:
Play Date: 02/18/2006
ISIL (Intersil Holdings--$30.31; +0.2; optionable): Semiconductors
http://biz.yahoo.com/p/i/isil.html
After Hours: $30.30
STATUS: Flying plateau. It is definitely a market of individual stocks right now, and though the semiconductors are acting a bit sluggish, ISIL has used that to set up its next move. After an earnings jump higher in late January, ISIL has formed a lateral flying plateau, using the 10 day EMA (29.55) as support. Thursday and Friday volume kicked up and Friday ISIL was starting the breakout move from this lateral consolidation. Market leader with top fundamentals to go along with its pattern. Excellent 4 to 1 accumulation in the base (4 up price weeks on rising volume to 1 down price weeks on rising volume) shows there is enough buying to send it higher once more. Looking for a continued solid move to enter the play.
Volume: 2.234M Avg Volume: 1.937M
BUY POINT: $30.65 Volume=2.5M Target=$35.75 Stop=$28.88
POSITION: UFH GF - July $30c (60 delta) &/or Stock
http://www.investmenthouse.com/cd/isil.html
Play Date: 02/18/2006
IM (Ingram Micro--$20.29; -0.25; optionable): PC hardware suppliers, networking equipment suppliers, software publishers
http://biz.yahoo.com/p/i/im.html
STATUS: Test breakout. IMS broke out from a 10 week reverse head and shoulders breakout on Wednesday on a solid earnings report. It has come back to hold the 10 day EMA (20.07) on Friday, setting the continued breakout move. Solid 4 to 2 accumulation in the pattern, showing net buying to set up the breakout. This is part of a larger 15 month cup with handle base ready to send IM to a 5.5 year high. Strong money flow is leading the way higher.
Volume: 1.797M Avg Volume: 1.186M
BUY POINT: $20.62 Volume=1.3M Target=$23.95 Stop=$19.78
POSITION: IM FD - June $20c (55 delta) &/or Stock
http://www.investmenthouse.com/cd/im.html
Play Date: 02/18/2006
MCHP (Microchip--$36.71; +0.11; optionable): Semiconductors
http://biz.yahoo.com/p/m/mchp.html
STATUS: Test 18 day EMA. MCHP has set up for the next run, having come back to the 18 day EMA (36.22) (actually undercutting it). This is consolidating the nice January run after the test of the 50 day EMA following the late November breakout from its 18 week base. Solid volume run, low volume test, and now waiting for the rebound on strong volume. Excellent fundamentals to go with its strong technical pattern.
Volume: 1.16M Avg Volume: 1.693M
BUY POINT: $37.11 Volume=2.1M Target=$43.44 Stop=$36.11
POSITION: QMT GG - July $35c (66 delta) &/or Stock
http://www.investmenthouse.com/cd/mchp.html
Play Date: 02/18/2006
SCMR (Sycamore Networks--$5.09; +0.2; optionable): Networking and communication
http://biz.yahoo.com/p/s/scmr.html
After Hours: $5.16
STATUS: Ascending triangle. Big breakout Friday on strong volume as SCMR moved out of its 10 week base that formed making higher and higher lows off the 50 day EMA (4.62) below a constant top at 5.05. Excellent 4 to 1 accumulation in the base (4 up price weeks on rising volume to 1 down price weeks on rising volume) has set up the move higher. Strong money flow is surging as well. Relative strength is making the breakout with the price, a good indication of the move's strength.
Volume: 5.944M Avg Volume: 2.614M
BUY POINT: $4.98 Volume=3M Target=$6.24 Stop=$4.78
POSITION: SMZ FA - June $5c (62 delta) &/or Stock
http://www.investmenthouse.com/cd/scmr.html
Play Date: 02/18/2006
SONO (Sonosite--$39.30; -0.02; optionable): Medical instruments
http://biz.yahoo.com/p/s/sono.html
STATUS: Ascending base. SONO has formed a base on base pattern, a 16 week cup and breakout in early December, and then the current 11 week base that formed using the 50 day EMA (37.80) as support on two points in the base. Volume spiked Thursday as SONO reported earnings. It kept working on the base, holding the range from 38 to 40 it formed over the past four weeks. Excellent 5 to 1 accumulation shows all buying as it sets up for the breakout to a new all-time high. Strong stock in technical position and in fundamentals.
Volume: 299.904K Avg Volume: 202.57K
BUY POINT: $40.42 Volume=304K Target=$47.45 Stop=$38.77
POSITION: UZS FH - June $40c (54 delta) &/or Stock
http://www.investmenthouse.com/cd/sono.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, BRCM, CELG, COH, FFIV, GME, MRVL, NVDA, PSYS, UNH
AAPL: Has rebounded from support at 65 to the 50 day EMA (71.18). Volume was strong Tuesday and Wednesday, then faded to end the week as it traded just below the 50 day. May have just been resting to close out the week and will take on the 50 day, but it will have to prove it as this has the look of a relief bounce.
CELG: Getting closer to the split date and looking for it to start its run this week.
COH: Moving toward the breakout point from its 12 week double bottom with handle base that is part of an 8 month ascending triangle.
FFIV: Treat move Friday on some stronger trade though still below average.
NVDA: Big gap higher on those strong earnings but the move eroded all session, a big disappointment. Still a strong leader in the sector and in the market.
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.
|
trade stock
stock split
|
