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stock recommendation, stock option
Begin part 3 of 3
THE PLAYS
Good movers: AMX; ANN; CORS; CTXS; CX; HELX; RHAT; TESOF
Weekend play results:
GRP: Still testing the 18 day EMA.
HELX: Nice continued break higher.
LCAV: Excellent move along the 10 day EMA continues
LUK: Broke higher on light trade. Now the volume needs to kick in.
WSM: Hit the buy point late. If it continues Tuesday it is a buy
DO: Holding its lateral move, building for the break higher.
BLKB: Tried to make the move but volume failed and it fell back to the 10 day EMA.
MCHP: Doji at the 10 day EMA. Still ready to make its move.
New Plays:
Upside:
Play Date: 05/08/2006
KGC (Kinrose Gold--$12.12; -0.16; optionable): Gold
http://biz.yahoo.com/p/k/kgc.html
STATUS: Test breakout. KGC broke out from a 10 week cup with handel base in mid-April and rallied up to 12.92, using the 10 day EMA (12.21) as support. It faded the past week, testing that solid move, coming back to tap the 18 day EMA (11.91) on the Monday low. Volume has faded as it makes the test, showing few sellers, just profit taking after the run. Solid 4 to 2 accumulation (4 up price weeks on rising volume to 2 down price weeks on rising volume) shows plenty of buying to make the breakout and keep it moving afterwards. Nice doji at the 18 day EMA shows it is ready to resume the move.
Volume: 1.723M Avg Volume: 2.065M
BUY POINT: $12.32 Volume=2.5M Target=$14.85 Stop=$11.68
POSITION: KGC HV - Aug. $12.50c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/kgc.html
Play Date: 05/08/2006
ORCC (Online Resources--$13.89; +0.52; no options): Outsourced/internet financial tech servics
http://biz.yahoo.com/p/o/orcc.html
After Hours: $13.89
STATUS: Ascending base. ORCC announced the acquisition of Princeton eCom, one of the unheralded acquisitions of the day, but It was liked by the street. ORCC jumped sharply on strong volume, moving to the highs in the 14 week pattern. Strong 6 to 1 money flow shows nearly all buying in the base that formed using the 50 day EMA (13.02) as support. Money flow is surging. Ready to move to a 6 year high.
Volume: 507.155K Avg Volume: 178.56K
BUY POINT: $14.05 Volume=250K Target=$16.95 Stop=$13.18
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/orcc.html
Play Date: 05/08/2006
PDS (Precision Drilling--$35.90; +0.17; optionable): Oil and gas drilling & equipment
http://biz.yahoo.com/p/p/pds.html
STATUS: Test breakout. Nice breakout in mid-April sent PDS to a new high at 38. It came back to test the move the past week, moving in a lateral range over the 10 day EMA (35.63) on low, below average volume. Nice, orderly test, preparing PDS for the continued move higher. Love the first tests of breakouts; a strong stock often moves well after this initial shakeout of the early profit takers.
Volume: 448.7K Avg Volume: 706.989K
BUY POINT: $36.75 Volume=1.1M Target=$44.00 Stop=$35.00
POSITION: PDS LG - Sept. $35c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/pds.html
Play Date: 05/08/2006
XLE (Spdr Energy Sector--$58.60; -0.26; optionable): Energy ETF
http://biz.yahoo.com/p/x/xle.html
After Hours: $58.75
STATUS: Breakout test. XLE is holding the 18 day EMA (57.75) on the intraday lows, holding the breakout after a quick dump lower to the 50 day EMA (56.07) to end April. Good recovery and setting up for the continued move higher. Solid 4 to 2 accumulation in the base. Nice test of near support. Looking for a good break higher from here to resume the breakout run.
Volume: 17.093M Avg Volume: 23.662M
BUY POINT: $59.55 Volume=30M Target=$69.95 Stop=$57.57
POSITION: XBT IG - Sept. $59c (57 delta)
http://www.investmenthouse.com/ci/xle.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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