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stock recommendation, stock option
Begin part 3 of 3
THE PLAYS
Good movers: JOBS
Weekend play results:
CLHB: Still looks ready to make the breakout.
CWTR: Doji at the 50 day EMA
FLSH: Nice shakeout to the 18 day EMA and rebound
HOC: Gapped lower but held the 50 day EMA
LMNX: Sold through the 18 day EMA
PPDI: Nice volume but closed well off the high. If it can hold & resume . . .
VSH: Doji above the old high.
New Plays:
Upside:
Play Date: 05/15/2006
EQIX (Equinix--$62.85; -0.24; optionable): Telecom services in US, Asia Pacific
http://biz.yahoo.com/p/e/eqix.html
STATUS: Cup w/handle. EQIX used the selling to continue work on its two week handle to its 7 week base, working laterally over the 18 day EMA (62.03). Nice action in a weak market, setting up the breakout move. Solid 2 to 0 accumulation in the pattern complemented by strong money flow. Used the 50 day EMA (58.33) on the lows of the pattern as support, indicating still plenty of interest in the stock. A breakout sends it to a new 4 year high. Strong fundamentals to go with the pattern. Solid volume Friday on an upside move; looking for continued volume as it moves through the buy point and delivers the breakout.
Volume: 288.888K Avg Volume: 486.052K
BUY POINT: $63.74 Volume=650K Target=$76.00 Stop=$61.65
POSITION: FQS IM - Sept. $65c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/eqix.html
Play Date: 05/15/2006
ICON (Iconix Brand Group--$16.80; +0.92; optionable): Footwear
http://biz.yahoo.com/p/i/icon.html
STATUS: Test 50 day EMA. Making another test of the 50 day EMA (15.61) in its continuing uptrend, using the market selling last week to test this support level, fading back on low, below average volume. Friday volume jumped as ICON held the 50 day and bounced. Monday volume was up again as it bounced off the 50 day, scoring a nice gain on the session. Looking to move in as it continues the bounce and follow the money flow.
Volume: 547.796K Avg Volume: 499.437K
BUY POINT: $17.05 Volume=550K Target=$20.50 Stop=$15.86
POSITION: QIA HC - Aug. $15c (68 delta) &/or Stock
http://www.investmenthouse.com/ci/icon.html
Play Date: 05/15/2006
ODFL (Old Dominion Freight Line--$31.72; -0.26; no options): Trucking
http://biz.yahoo.com/p/o/odfl.html
STATUS: Test breakout. Strong breakout in mid-April from a 15 week flat base sporting strong 7 to 3 accumulation sent ODFL to 34.50 on the breakout run. Used the selling last week to test, coming back to the 18 day EMA on mostly lower volume, showing a big doji with tail Monday on even lower trade. Nice breakout, nice test, now ready to resume the move. higher. Strong money flow is leading the way higher. Looking for a rebound on volume to move in.
Volume: 169.91K Avg Volume: 274.098K
BUY POINT: $32.55 Volume=350K Target=$39.00 Stop=$31.57
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/odfl.html
Play Date: 05/15/2006
PMTI (Palomar Medical Tech--$40.90; +0.55; optionable): Medical appliances
http://biz.yahoo.com/p/p/pmti.html
STATUS: Test breakout. PMTI is a strong leader and sports excellent growth in sales and earnings. Surged out of a 15 week base to end April, rallying to 45 on the move. In the selling it came back to test, undercutting the 18 day EMA (40.52), but holding that near support on the close. Strong money flow and relative strength broke out on the move. Looking for a continued run after this test.
Volume: 327.304K Avg Volume: 287.64K
BUY POINT: $41.88 Volume=431K Target=$55.00 Stop=$39.38
POSITION: HKQ HH - Aug. $40c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/pmti.html
Play Date: 05/15/2006
SHOO (Steven Madden--$50.77; -0.70; optionable): Footwear. Splits 3:2 on 5-26-06
http://biz.yahoo.com/p/s/shoo.html
STATUS: Test 18 day EMA. Big gap higher in April on raised guidance and then more on the early May earnings. It has since tested, coming back on lower volume to the 18 day EMA (50.03) Monday then bouncing back on stronger volume. Looks good on the test, setting up for the pre-split run.
Volume: 322.171K Avg Volume: 221.068K
BUY POINT: $51.88 Volume=332K Target=$62.00 Stop=$49.87
POSITION: SEU IJ - Sept. $50c (60 delta) &/or Stock
http://www.investmenthouse.com/ci/shoo.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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