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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers: ACAD; CELG; CHE; CTXS; CYMI; LRCX
Tuesday night play results:
CDNS: Volatile but trying to start the move off.
CELG: Nice price bounce. Decent volume but could have been better.
GPN: Held steady as volume continued to jump higher
IVAC: Bounced further but volume dropped sharply
LRCX: Nice break higher on strong volume.
New Plays:
Upside:
Play Date: 03/15/2006
BWNG (Broadwing--$12.40; +0.12; optionable): Telecom equipment
http://biz.yahoo.com/p/b/bwng.html
After Hours: $12.40
STATUS: Flying plateau. BWNG is part of the late 1990's telecom group that is enjoying a resurgence. It gapped higher on consecutive sessions to start the month on strong volume, breaking out from a yearlong base. It has spent the past two weeks moving laterally as the 10 day EMA (11.81) rises to meet it. It made it Monday and volume spiked. Another test intraday Wednesday and another bounce off that level. Money flow is running hard. Looking for another strong volume session as BWNG moves through the buy point.
Volume: 3.771M Avg Volume: 1.815M
BUY POINT: $12.95 Volume=2.7M Target=$15.55 Stop=$12.04
POSITION: QBG HV - Aug. $12.50c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/bwng.html
Play Date: 03/15/2006
HOLX (Hologic--$51; +1.21; optionable): Medical appliances
http://biz.yahoo.com/p/h/holx.html
After Hours: $50.98
STATUS: Made us some solid money in its prior run, and the current 7 week flat base is setting up the next move. It has held the 18 day EMA (49.66) during this consolidation, showing positive accumulation to match its strong money flow. Wednesday it showed us a nice price move but volume has continued to lag, coming in well below average. Looking for volume to kick up as it continues higher. Top rated fundamentals to go along with its solid pattern. May take awhile to make the move, but we want to be ready.
Volume: 309.348K Avg Volume: 751.91K
BUY POINT: $51.55 Volume=1M Target=$60 Stop=$49.32
POSITION: QHX IJ - Sept. $50c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/holx.html
Play Date: 03/15/2006
NDAQ (Nasdaq Stock Market--$44.77; +1.51; optionable)
http://biz.yahoo.com/p/n/ndaq.html
After Hours: $44.30
STATUS: Cup w/handle. Volume is jumping the past week as NDAQ made a bid for the London exchange. That is starting to shape up as the breakout move from a 7 week base that is part of a larger 15 week pattern that formed using the 50 day EMA (39.92) as support. Key level of institutional support as well. Showing some strong accumulation during the pattern (5 up price weeks on rising volume to 2 down price weeks on rising volume) to go along with some surging money flow. Volume jumped back up Wednesday and it looks as if NDAQ is going to give us the next move higher.
Volume: 4.456M Avg Volume: 1.71M
BUY POINT: $45.05 Volume=2M Target=$54 Stop=$42.55
POSITION: NQD II - Sept. $45c (60 delta) &/or Stock
http://www.investmenthouse.com/ci/ndaq.html
Play Date: 03/15/2006
VAS (Viasys Healthcare--$29.35; +0.3; optionable): Medical equipment
http://biz.yahoo.com/p/v/vas.html
STATUS: Breakout test. VAS gapped higher in late February, making the breakout from an 11 week double bottom with handle base that formed roughly around the 50 day EMA (27.96). It came back to test the move to start March, filling the gap on the breakout. Nice low volume move and then a strong volume surge Wednesday. Looks as if VAS is ready to continue the breakout after filling the gap.
Volume: 463.6K Avg Volume: 237.456K
BUY POINT: $29.65 Volume=350K Target=$35.55 Stop=$28.32
POSITION: VAS GF - July $30c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/vas.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 recommendation
stock investment information
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