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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers: ASEI; CHE; CHRW; DRIV; OPLK; ADTN; CTRP; MGI
Tuesday night play results:
BGC: Nice continued move higher on solid volume.
OPLK: Strong move on strong volume.
VIVO: Tested lower, rebounding off the 10 day EMA.
KCS: Bounced back up to the 200 day SMA. Here is where it turns over.
New Plays:
Upside:
Play Date: 03/22/2006
FNSR (Finisar--$4.95; +0.3; optionable): Networking & communications hardware
http://biz.yahoo.com/p/f/fnsr.html
After Hours: $4.97
STATUS: Breakout test. Broke out from a 14 month cup with handle base to start the month, gapping higher on strong volume. It is making its second test of the breakout, coming back to the 10 day EMA (4.66) on lower volume and then starting the next bounce higher on very strong, above average volume. Strong money flow is leading higher. Relative strength is breaking higher as well, a very good indication for the further run higher. Nice. Lots of momentum.
Volume: 33.044M Avg Volume: 12.137M
BUY POINT: $5.09 Volume=18M Target=$6.75 Stop=$4.73
POSITION: FQP GA - July $5c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/fnsr.html
Play Date: 03/22/2006
IMGC (Intermagnetics General--$29.52; +1.01; optionable): Superconducting materials, etc.
http://biz.yahoo.com/p/i/imgc.html
STATUS: Double bottom w/handle. Nice run after the January breakout, peaking just over 31. Then it fell into the current 6 week base as it split, forming the pattern over the 50 day EMA (27.16). Nicely formed base sporting positive accumulation and strong money flow running higher ahead of price is paving the way. Moving laterally the past two sessions on lower volume after the strong run to form the right side of the base, starting to form the handle to the base. May take a couple more sessions to complete the handle and make the breakout to a new all-time high. Strong leader setting up for the breakout.
Volume: 207.916K Avg Volume: 562.588K
BUY POINT: $30.35 Volume=844K Target=$36.95 Stop=$27.65
POSITION: IMG GF - July $30c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/imgc.html
Play Date: 03/22/2006
PLMD (Polymedica--$42.85; +0.22; optionable): Drugs
http://biz.yahoo.com/p/p/plmd.html
After Hours: $42.82
STATUS: Cup w/handle. PLMD broke out from a 15 month base to end January, posting a nice surge to 43.50. It then fell into the current 6 week pattern, coming down to test the 50 day EMA (39.79) on the low and then rebounding to form the right side of the base. Excellent 3 to 0 accumulation in the pattern (3 up price weeks on rising volume to 0 down price weeks on rising volume) shows all buying. Volume jumped up Wednesday, but volume remained below average. Strong money flow is leading higher. Looking strong and ready to make the breakout to a new all-time high. Solid.
Volume: 213.016K Avg Volume: 229.257K
BUY POINT: $43.62 Volume=344K Target=$51.95 Stop=$41.45
POSITION: PM IH - Sept. $40c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/plmd.html
Play Date: 03/22/2006
TFSM (24/7 Real Media--$9.49; +0.06; optionable): Media services, software products for online advertising
http://biz.yahoo.com/p/t/tfsm.html
After Hours: $9.30
STATUS: Double bottom w/handle. Volume jumped Monday as TFSM broke higher and then faded back Tuesday and Wednesday on lower volume, testing the break and forming the handle to its 9 week base. The pattern formed over the 50 day EMA (8.65), a natural and important support level. This is the handle to a much larger 27 month cup with handle base. Excellent 4 to 0 accumulation in the pattern shows all buying, setting up the next breakout. Strong money flow is leading higher as well, a good complement to the money flow. May take another session or tow to finish the pullback; then it will be ready for the breakout.
Volume: 693.662K Avg Volume: 1.034M
BUY POINT: $9.94 Volume=1.4M Target=$11.95 Stop=$9.24
POSITION: QNE GB - July $10c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/tfsm.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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