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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: CYMI; EZPW; GG; HAL; INFA; ITRI; LEH; PALM; RMBS; WFR
Wednesday night play results:
BRCM: Still moving higher off the 50 day EMA.
RDC: Gapped higher on better trade, but could not make much of it.
SNDK: Gapped higher and ran but gave back much of the session move.
STX: A nice quiet day of rest, setting up the next break higher
New Plays:
Upside:
Play Date: 04/06/2006
AXE (Anixter International--$47.14; +0.36; optionable): Communications/security products
http://biz.yahoo.com/p/a/axe.html
STATUS: Reverse head and shoulders. Strong run through January and then the current 9 week base formed on top of the 50 day EMA (45.09), consolidating before it breaks to a new all-time high. Outstanding 4 to 1 accumulation (4 up price weeks on rising volume to 1 down price weeks on rising volume) shows excellent buying along with the strong money flow. Came back to test the 18 day EMA (46.40) this week to form the right shoulder, starting to rebound Thursday. Looking for strong trade to take it higher and out of the pattern.
Volume: 89.4K Avg Volume: 242.151K
BUY POINT: $47.95 Volume=363K Target=$55.95 Stop=$46.12
POSITION: AXE HI - Aug. $45c (70 delta) &/or Stock
http://www.investmenthouse.com/ci/axe.html
Play Date: 04/06/2006
CWTR (Coldwater Creek--$28.10; +0.56; optionable): Leading retailer
http://biz.yahoo.com/p/c/cwtr.html
STATUS: Flying plateau. CWTR gapped out of a 14 week base in early march and rallied to 28. It spent the past three weeks moving laterally on low, below average volume, consolidating the gain for the next move. Strong; refuses to give back its gains. The sector leader with strong fundamentals and solid 2 to 0 accumulation (2 up price weeks on rising volume to 0 down price weeks on rising volume). Looking for volume to jump as CWTR moves out of this nice consolidation.
Volume: 1.001M Avg Volume: 1.399M
BUY POINT: $28.57 Volume=2.1M Target=$34.45 Stop=$26.85
POSITION: UCJ GE - July $25c (73 delta) &/or Stock
http://www.investmenthouse.com/ci/cwtr.html
Play Date: 04/06/2006
SIRF (Sirf Tech Holdings--$38.00; +1.45; optionable): Global positioning semiconductors
http://biz.yahoo.com/p/s/sirf.html
STATUS: Flat base. Volume jumped back above average Thursday as SIRF comes off the 50 day EMA (35.70), the bottom of its 9 week flat base. Excellent 4 to 1 accumulation shows almost all buying as the stock consolidates its January breakout. Like the volume jump and looking to move in as this leader with strong fundamentals and solid pattern breaks higher.
Volume: 1.794M Avg Volume: 1.525M
BUY POINT: $38.55 Volume=2.3M Target=$44.95 Stop=$36.22
POSITION: QIR IH - Sept. $40c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/sirf.html
Play Date: 04/06/2006
VTS (Veritas Drilling--$46.69; +0.54; optionable): Oil and gas service company
http://biz.yahoo.com/p/v/vts.html
STATUS: Ascending base. Volume was up to start the week, and it looked as if VTS was going for the breakout from its 11 week base that formed making higher and higher lows along the 50 day EMA (43.15). The top of the base is at 46, and VTS has edged past that this week. Volume backed off Thursday, but VTS is holding well, supported by its tremendous 6 to 0 accumulation and strong money flow. Relative strength is making the breakout, a good indication for the stock to make its move.
Volume: 335.5K Avg Volume: 526.929K
BUY POINT: $47.12 Volume=600K Target=$55.95 Stop=$44.88
POSITION: VTS HI - Aug. $45c (64 delta) &/or Stock
http://www.investmenthouse.com/ci/vts.html
Play Date: 04/06/2006
ZRAN (Zoran--$21.95; -0.16; optionable): Semiconductors used in digital disc players, movie/home theater, digital cameras, etc.
http://biz.yahoo.com/p/z/zran.html
After Hours: $21.85
STATUS: Cup w/handle. ZRAN is looking for a breakout to a new 2.5 year high. It has formed a 9 week base that used the 50 day EMA (20.24) as support. Strong volume Monday but it could not make the breakout move. Excellent 4 to 1 accumulation in the pattern shows nearly all buying. Solid fundamentals to go with the pattern. Want to see that volume kick back up as ZRAN moves through the buy point.
Volume: 814.244K Avg Volume: 1.008M
BUY POINT: $22.42 Volume=1.5M Target=$26.95 Stop=$21.42
POSITION: ZUO IX - Sept. $22.50c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/zran.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 recommendation
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