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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: EZPW; LTR; PDS
Monday night play results:
MDCC: Slid back a bit further but below average volume, still making the test.
DAKT: Another night doji at the 10 day EMA on low volume.
TRMB: Doji at the 10 day EMA. Looks ready.
FFIV: Tested lower, tapping support on the low and recouping some of the loss.
New Plays:
Upside:
Play Date: 03/07/2006
GILD (Gilead Sciences--$59.09; -0.41; optionable): Biotechnology.
http://biz.yahoo.com/p/g/gild.html
After Hours: $58.52
STATUS: Test 50 day EMA. After a nice run up the 18 day EMA (60.51) following a breakout from a 6 week base in early January, GILD tested back to the 50 day EMA (58.56) this past week on low, below average volume. After a breakout and run up the 18 day EMA a stock will come back to test the 50 day to reset the move. If all is well it will continue the run higher with a nice volume surge and then run up the 18 day EMA once more. Like the way it faded on low volume as that shows no real selling; used the market selling to consolidate and set up for the next move. Approaching its split price.
Volume: 2.478M Avg Volume: 3.9M
BUY POINT: $60.68 Volume=4.8M Target=$69.95 Stop=$58.32
POSITION: GDQ HL - Aug. $60c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/gild.html
Play Date: 03/07/2006
KOMG (Komag--$49.84; -2.99; optionable): PC data storage
http://biz.yahoo.com/p/k/komg.html
After Hours: $49.85
STATUS: Breakout test. KOMG is a leading stock in technical strength and fundamentals. It broke sharply higher Friday from a 5 week flat base over the 18 day EMA (48.82) on very strong volume. That move brought out a downgrade and KOMG gapped lower Tuesday on strong volume. It tapped the 18 day EMA on the low and recovered some; there is some support there. Strong stocks should survive a downgrade. Strong money flow. It held the breakout on the gap lower. Looking for it to hold this support and show a solid rebound after the downgrade. That shows real strength.
Volume: 2.876M Avg Volume: 1.291M
BUY POINT: $51.28 Volume=1.9M Target=$60.95 Stop=$48.62
POSITION: QKX FJ - June $50c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/komg.html
Play Date: 03/07/2006
SILC (Silicom Ltd.--$10.95; -0.64; no options): PC networking and communication
http://biz.yahoo.com/p/s/silc.html
STATUS: Breakout test. SILC broke higher in early February from a 10 week ascending base, rising on sharp trade. It is making the second test of that breakout, coming back to the 10 day EMA (10.98) on lower volume the past two sessions. Solid 3 to 1 accumulation in the base (3 up price weeks on rising volume to 1 down price weeks on rising volume), showing nice buying as the stock consolidated. That set up the breakout. SILC should make 4 bounces up off the 10 or 18 day EMA on this run. Looking for a solid volume shot as it bounces higher from this test. Strong money flow to go with the accumulation, and relative strength broke out as well, a good corroboration of the price move.
Volume: 78.658K Avg Volume: 100K
BUY POINT: $11.39 Volume=155K Target=$13.75 Stop=$10.59
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/silc.html
New buy point on current play:
Play Date: 03/07/2006
CEPH (Cephalon--$79.14; -2.14; optionable): Drugs.
http://biz.yahoo.com/p/c/ceph.html
STATUS: Breakout test. CEPH broke higher from a 7 week base to end February. It rallied last week and then started a nice easy fade this week to test that break higher. Tuesday it tapped at the 18 day EMA (77.49) on the low and recovered to close near the 10 day EMA (79.26). May take another day or two but it looks ready to resume the move higher. Wan to see that volume return as it resumes the breakout run. Strong money flow is running higher and relative strength broke out as well. Top rated stock in technical pattern and fundamentals.
Volume: 1.496M Avg Volume: 2.914M
BUY POINT: $80.25 Volume=3.2M Target=$95.95 Stop=$77.32
POSITION: CQE HP - Aug. $80c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/ceph.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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stock split
stock recommendation
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