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us stock market, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: COGO; CTXS; FSL
Wednesday night play results:
AMT: Held steady on low volume.
EFD: Nice low volume test of the 18 day EMA and rebound.
NANO: Still working on the handle on low volume.
TDW: Lower volume test and rebound. Good shakeout of the move and ready for more.
New Plays:
Upside:
Play Date: 04/20/2006
ANN (Ann Taylor--$36.74; +0.76; optionable): Apparel stores
http://biz.yahoo.com/p/a/ann.html
EARNINGS: May 16
STATUS: Test 50 day EMA. Nice strong run to finish 2005 and on into 2006. ANN needed a breather and spent the past three weeks coming back to test the 50 day EMA (35.68), undercutting that level to start April but recovering it this week. Solid volume jump Thursday as ANN moved higher off this key support where the institutions step in. Looking to start the play as ANN continues higher on solid trade.
Volume: 1.065M Avg Volume: 1.015M
BUY POINT: $37.05 Volume=1.5M Target=$44.00 Stop=$35.55
POSITION: ANN IG - Sept. $35c (65 delta) &/or Stock
http://www.investmenthouse.com/cd/ann.html
Continuing plays ready to move:
Play Date: 04/19/2006
AMT (American Tower--$32.28; -0.19; optionable): Wireless and broadcast communications sites
http://biz.yahoo.com/p/a/amt.html
EARNINGS: 4-26-06
STATUS: Double bottom w/handle. Volume backed off Thursday as AMT hled basically steady, unable to push higher and follow through on the Wednesday move. Still solid, still ready to make its move. To recap: Volume surged Wednesday as AMT broke higher in the handle to its 7 week base that is setting AMT up for a 6 year high. Very nice pattern that formed using the 50 day EMA (30.75) as support, a key level where institutions accumulate shares. They have been doing that as the excellent 4 to 0 accumulation shows (4 up price weeks on rising volume to 0 down price weeks on rising volume). Money flow is surging higher, a good complement to the accumulation. Ready to move in as AMT continues the breakout move. Solid.
Volume: 2.09M Avg Volume: 2.912M
BUY POINT: $32.68 Volume=3M Target=$37.95 Stop=$31.38
POSITION: AMT JT - Oct. $32.50c (54 delta) &/or Stock
http://www.investmenthouse.com/cd/amt.html
Play Date: 04/18/2006
ADSK (Autodesk--$42.93; -0.38; optionable): Design software and services
http://biz.yahoo.com/p/a/adsk.html
After Hours: $42.90
STATUS: Double bottom w/handle. Continued a bit lower Thursday on lower, below average volume, still coming back from the strong upside move Tuesday. Still in excellent shape to give us the continued break higher. Nice leader setting up well. To recap: Great market leader that had a great 2005 and has formed a nice 6 month base to reset and set up its next move. Solid 8 to 5 accumulation in the base shows net buying, setting up the next breakout and run higher. Nice volume the past two weeks, and Tuesday it was up again as ADSK broke through the high of the handle. Strong leader with good fundamentals. Looking to move in as it continues higher.
Volume: 2.359M Avg Volume: 3.117M
BUY POINT: $43.89 Volume=3.2M Target=$52.00 Stop=$41.55
POSITION: ADQ GH - July $40c (72 delta) &/or Stock
http://www.investmenthouse.com/cd/adsk.html
Play Date: 04/11/2006
LVLT (Level 3 Communications--$5.13; -0.09; optionable): Telecom processing systems
http://biz.yahoo.com/p/l/lvlt.html
After Hours: $5.11
STATUS: Test breakout. Solid volume Wednesday as LVLT gapped higher, moving up off of its test of the 10 day EMA (4.99) following the strong break higher and then gap up in late March. Has filled the gap already, and looking for the move to continue after this modest pullback toward the 10 day.
Volume: 15.793M Avg Volume: 24.029M
BUY POINT: $5.04 Volume=35M Target=$6.25 Stop=$4.69
POSITION: QHN IA - Sept. $5c (65 delta) &/or Stock
http://www.investmenthouse.com/cd/lvlt.html
SUBSCRIBER PORTFOLIO: These are stocks subscribers suggest by vote that we put in a portfolio to track and move into the stocks if they perform well. If you have any suggestions for additions or deletions, email us. We don't cover them all each report, just when something interesting is developing.
AAPL, BRCM, CELG, COH, FFIV, GME, MRVL, NVDA, PSYS, UNH
AAPL: Gapped higher on the earnings news but gave back most of it.
BRCM: Up $2 after hours on its earnings. No gap like in January, but not chopped liver.
COH: Picked up some volume as it continued the move off the 200 day SMA.
FFIV: Got murdered after hours on earnings.
MRVL: Up after hours on the BRCM earnings.
SUBSCRIBER WATCHLIST
SURG: Medical appliances. Breaking to a new high on solid volume, moving out of a nicely formed 11 week base. Nice move.
NURO: Medical instruments. Breaking to a new all-time high from a 6 month base.
VIVO: Bouncing off a 50 day EMA test, gapping higher Thursday. Solid fundamentals.
HLEX: Solid fundamentals but after a March surge it gave the entire move back, holding some support at 30. Threatening to set up a head and shoulders.
Good Investing!
Jon L. Johnson and The Daily Staff
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 of 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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us stock market
stock recommendation
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