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stock recommendation, stock option
Begin part 3 of 3
THE PLAYS
Good movers: AEIS; AMT; CTXS; DIOD; DJO; LRCX; MGI; MCHP; NUAN; OIS; RYI; SMSI; VTS; WEBX
Monday night play results:
ABI: Rallied higher but finished flat. Still ready to go.
AEIS: Nice. Suring higher on strong volume.
RNWK: Volume surged. Looks ready.
SOX: Nice break higher off the 50 day EMA continues.
LM: Tapped higher but then finished flat. Still ready to turn lower.
New Plays:
Upside:
Play Date: 05/04/2006
ISIL (Intersil Holdings--$30.66; +0.64; optionable): Analog integrated circuits
http://biz.yahoo.com/p/i/isil.html
After Hours: $30.91
STATUS: Reverse head and shoulders. ISIL is heading for a 4 year high, starting the breakout from a 14 week base. Gapped higher in January on strong earnings, rallied to 30, then filled the gap in March; that formed the 'head.' Rebounded and spent April moving laterally, forming the right shoulder. Nice higher low the past week at the 18 day EMA (29.38) and starting higher. Needs to show more volume as it runs higher. Solid 4 to 2 accumulation shows net buying. Solid technical position and good fundamentals to match.
Volume: 1.708M Avg Volume: 1.978M
BUY POINT: $30.95 Volume=3M Target=$37.00 Stop=$29.15
POSITION: UFH JF - Oct. $30c (62 delta) &/or Stock
http://www.investmenthouse.com/ci/isil.html
Play Date: 05/04/2006
JOBS (51job, Inc.--$24.32; +0.64; no options): Staffing and outsourcing
http://biz.yahoo.com/p/j/jobs.html
STATUS: Test breakout. The jobs report is out tomorrow and JOBS is set up to continues its mid-April breakout. Strong move from a 12 week base, and making its second test of the 10 day EMA (23.34) as it makes its breakout run. Excellent volume on the upside moves and nice low volume on the tests; perfect price/volume action. Ready to move in as it continues higher on a return of volume. A new issue in October 2004 that fell into a long base in 2005. This last base was the first one off of that low, meaning it has a lot of upside ahead of it.
Volume: 104.525K Avg Volume: 138.711K
BUY POINT: $24.67 Volume=165K Target=$30.00 Stop=$23.21
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/jobs.html
Play Date: 05/04/2006
MCHP (Microchip--$38.15; +0.95; optionable): Semiconductors
http://biz.yahoo.com/p/m/mchp.html
After Hours: $38.17
STATUS: Cup w/handle. MCHP made a few attempts at breaking out in April, but in the market chop it just couldn't quite make the real breakaway move; it would start, but then fade. Nice 14 week base formed above the 50 day EMA (36.35), consolidating and setting up for a new all-time high. Made a higher low at that level the past week and jumped higher this week. Solid move Thursday on rising almost average volume. Money flow is leading higher as MCHP readies for the new all-time high. Solid 4 to 2 accumulation in the base. Looks nice and looks ready.
Volume: 1.56M Avg Volume: 1.579M
BUY POINT: $38.64 Volume=2.4M Target=$45.00 Stop=$37.00
POSITION: QMT JG - Oct. $35c (70 delta) &/or Stock
http://www.investmenthouse.com/ci/mchp.html
Play Date: 05/04/2006
SBUX (Starbucks--$38.79; +1.44; optionable): Expensive coffee on the corner
http://biz.yahoo.com/p/s/sbux.html
After Hours: $38.90
STATUS: Test 50 day EMA. SBUX broke out from a 13 month base to start February, gapping higher and running up the 18 day EMA (37.82) through the end of April. After that run it needed a deeper test, and came back to the 50 day EMA (36.81) last week. Built up then bounced off that support on strong volume Thursday as SBUX reported strong earnings; those lattes bring in the bacon. Ready to move in as it continues higher for the next run up the 18 day EMA.
Volume: 14.755M Avg Volume: 5.454M
BUY POINT: $39.22 Volume=6M Target=$46.95 Stop=$37.48
POSITION: SQX JU - Oct. $37.50c (67 delta) &/or Stock
http://www.investmenthouse.com/ci/sbux.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 option
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