|
|
us stock market, trade stock
Begin part 3 of 3
THE PLAYS
Good movers:
Weekend play results:
CX: Getting ready to make the move.
DTAS: Nope. Dumped lower to the 50 day EMA.
GRMN: Volume was up as GRMN moved up off the 18 day EMA.
INFA: Solid move on rising, above average volume.
IOTN: Back to the 18 day EMA on lower, below average volume. Still ready.
RIMM: Nice doji testing the 10 day EMA on the low.
New Plays:
Upside:
Play Date: 04/03/2006
CYMI (Cymer--$46.37; +0.93; optionable): Chip equipment
http://biz.yahoo.com/p/c/cymi.html
STATUS: Double bottom. CYMI is setting up a nice pattern that is preparing it for a breakout to a 2+ year high. Volume jumped up close to average Monday as CYMI approached the mid-March high (47.01); want to see more trade as it moves through that resistance level. Positive accumulation and money flow leading higher ahead of price. Looks strong and a leader in its chip sector.
Volume: 825.827K Avg Volume: 859.735K
BUY POINT: $47.05 Volume=1.3M Target=$56.45 Stop=$44.39
POSITION: CQG HI - Aug. $45c (63 delta) &/or Stock
http://www.investmenthouse.com/ci/cymi.html
Play Date: 04/03/2006
MCHP (Microchip--$37.06; +0.76; optionable): Semiconductors
http://biz.yahoo.com/p/m/mchp.html
STATUS: Cup. Another leader in semiconductors, MCHP broke higher Monday on rising, above average volume, clearing the midpoint of its 9 week base. The base formed along the 50 day EMA (35.37) as support, a sign of solid institutional support. Strong money flow is leading higher and accumulation is positive. Looking for continued volume as MCHP breaks to its new all-time high.
Volume: 1.998M Avg Volume: 1.762M
BUY POINT: $37.48 Volume=2M Target=$43.75 Stop=$35.78
POSITION: QMT JG - Oct. $35c (73 delta) &/or Stock
http://www.investmenthouse.com/ci/mchp.html
Play Date: 04/03/2006
MDCC (Molecular Devices--$33.52; +0.36; optionable): Bioanalytical measurement systems for drug discovery, life sciences research
http://biz.yahoo.com/p/m/mdcc.html
STATUS: Ascending base. Strong volume Monday after a month of quiet trade as MDCC breaks higher from its 6 week base. The move is taking it to a 5 year high after making higher lows up the 50 day EMA (31.18) that acted as support for the pattern. Strong 4 to 0 accumulation shows all buying as this market leader. Solid pattern and strong fundamentals growth that is propelling it higher. Ready to move in on a further upside move on volume.
Volume: 237.328K Avg Volume: 188.01K
BUY POINT: $33.78 Volume=250K Target=$39.95 Stop=$32.48
POSITION: MCQ GF - July $30c (79 delta) &/or Stock
http://www.investmenthouse.com/ci/mdcc.html
Downside:
Play Date: 04/03/2006
AMED (Amedisys--$33.78; -0.97; optionable): Home health care
http://biz.yahoo.com/p/a/amed.html
STATUS: Put. AMED formed a broad top December through mid-February and then collapsed at the end of that month with a huge gap lower to 30.50. It spent the last 5 weeks slowly moving back up, doing so on very low, below average volume. It made it to the 18 day EMA (35.02) and up a bit further to 36. It had no trade to really push it, however, and it started to roll over to end last week, picking up speed Monday. Looking to move in on a further move lower as AMED follows its money flow lower. A move to the target lands us a 40%ish gain.
Volume: 499.23K Avg Volume: 765.003K
BUY POINT: $33.57 Volume=700K Target=$31.25 Stop=$34.05
POSITION: QCW QG - May $35p (-56 delta)
http://www.investmenthouse.com/ci/amed.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.
|
us stock market
trade stock
|
