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trade stock, stock split
Begin part 3 of 3
THE PLAYS
Good movers: ABAX; ADM; CELG; CNI; CHRW; CLZR; CTXS; INFA; SNDK; WFR; LTR
Weekend play results:
BABY: Still set to make its move.
CHRS: Good shakeout to the 18 day EMA and rebound
CLZR: Strong volume move higher.
RADS: Still ready for the move.
PWAV: Volume was up. Looks ready to move
LTR: Diving lower on stronger trade.
New Plays:
Upside:
Play Date: 02/27/2006
ALNY (Alnylam Pharmaceuticals--$15.74; +1.02; no options): Biotechnology
http://biz.yahoo.com/p/a/alny.html
After Hours: $15.81
STATUS: Ascending base. A sector of the market that is heating up, and ALNY, a new issue in June 2004, is heading for a new high on solid volume. Trade has kicked up the past two weeks as it moved off an early February test. A quick pause to end last week and then volume shot higher Monday as ALNY broke higher to a new high. Positive accumulation with money flow surging higher ahead of price. Relative strength broke out as well, a good indication of a solid breakout. Looking to move in as ALNY continues higher on some more solid trade.
Volume: 1.218M Avg Volume: 285.141K
BUY POINT: $15.89 Volume=335K Target=$19 Stop=$14.97
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/alny.html
Play Date: 02/27/2006
ARTC (Arthrocare--$45.86; +0.10; optionable): Medical appliances
http://biz.yahoo.com/p/a/artc.html
STATUS: Test breakout. ARTC broke out from a 16 week reverse head and shoulders base in early January, then rallied up the 18 day EMA (45.33). A big surge in mid-February on earnings and then a gap lower that saw a furious intraday recovery. Wild action but ARTC then settled down the past week in a tight range on low volume above the 18 day EMA. That held the breakout and settled it down for the next move. Strong money flow is leading higher. After this lateral move it will be ready to continue the breakout run. Waiting for volume to kick back up as ARTC resumes the move.
Volume: 185.717K Avg Volume: 343.542K
BUY POINT: $46.34 Volume=500K Target=$53.95 Stop=$45.12
POSITION: ARU FI - June $45c (63 delta) &/or Stock
http://www.investmenthouse.com/ci/artc.html
Play Date: 02/27/2006
TECH (Techne--$60.02; +0.52; optionable): Biotechnology. Researching to pinpoint the date.
BACKGROUND: Last announced a 2:1 split on 11-9-00 at $105. Prior to that a 2:1 split on 10-23-97 at $40 (back when prices were not so inflated as in 2000).
http://biz.yahoo.com/p/t/tech.html
STATUS: Ascending base. TECH got wild to end January when it announced earnings, but it held the pattern after a brief upset, building higher the past two weeks up tot the top of the range. Solid 24 week base built along the 50 day EMA (57.89), sporting positive accumulation and strong money flow. Top rated in fundamentals as well as technically. Tried to make the move Monday, rallying to 60.74 on the high before giving back a chunk of the gain. Looking for volume to come in as TECH continues back up and drives through the buy point.
Volume: 229.129K Avg Volume: 249.442K
BUY POINT: $60.57 Volume=374K Target=$71.88 Stop=$58.88
POSITION: TGQ GL - July $60c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/tech.html
Play Date: 02/27/2006
TRAD (Tradestation--$16.50; +0.40; optionable): Investment brokerage
http://biz.yahoo.com/p/t/trad.html
After Hours: $16.62
STATUS: Test 50 day EMA. TRAD broke out from a 22 month cup with handle base in November and three big runs on the move. This month it came back to the 50 day EMA (15.24) to reset the move for the next run higher. Volume backed off the past week as it worked laterally over the 50 day and below the 18 day EMA (16.06). It then spiked higher Monday as TRAD rallied to 16.95. It gave half the move back but still looks ready to continue the run. A top stock in growth of sales and earnings.
Volume: 1.971M Avg Volume: 866.811K
BUY POINT: $16.77 Volume=1M Target=$20.25 Stop=$15.85
POSITION: ULR FC - June $15c (73 delta) &/or Stock
http://www.investmenthouse.com/ci/trad.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
stock split
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