|
|
stock split, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: CLHB; ODFL
Weekend play results:
CTXS: Still testing the 50 day EMA, on lower volume Monday.
FTI: Nice hammer doji at the 18 day EMA on strong volume. Looks good.
ITRI: Slipped below the 50 day EMA. Not a total breakdown.
PKE: Fell right back to the 50 day EMA on much stronger volume.
PSSI: Volume was above average again as it pushes against the breakout.
New Plays:
Upside:
Play Date: 05/22/2006
HITT (Hittite Microwave--$33.57; -0.22; no options): Analog and mixed-signal integrated circuits
http://biz.yahoo.com/p/h/hitt.html
After Hours: $33.22
STATUS: Test 50 day EMA. A new issue in July 2005, HITT broke out from a 3.5 month base in late April, gapping higher on strong volume and strong earnings. It moved laterally for a week and then got caught in the downdraft of the market selling, dropping to the 50 day EMA (33.60). That was unfortunate in a way, but it also filled the gap. Nice tight lateral move on the 50 day with volume then surging Monday as it traded in a very tight range. Looking for the price to match that volume.
Volume: 703.9K Avg Volume: 178K
BUY POINT: $35.15 Volume=210K Target=$42.00 Stop=$33.40
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/hitt.html
Play Date: 05/22/2006
MAR (Marriott--$72.44; -0.99; optionable): Hotels and other lodging. Splits 2:1 on 6-12-06
http://biz.yahoo.com/p/m/mar.html
STATUS: Test 50 day EMA. Broke out from a 10 month base in early April and rallied up the 18 day EMA (73.79) to 76.76. After the breakout and run it needed a rest, and the market selling the past two weeks gave it the opportunity to test its breakout pretty much under cover. Volume was mostly lower but it did get a downside spike last Wednesday. It answered with some strong upside volume and a bounce higher Friday. It is feeling its way for some footing here at the 50 day EMA (72.25), but like how it has held the line, selling Monday but showing a doji at the 50 day. Looking for a bounce through the 10 & 18 day EMA to enter.
Volume: 1.189M Avg Volume: 1M
BUY POINT: $73.85 Volume=1.3M Target=$82.95 Stop=$71.78
POSITION: MAR JN - Oct. $70c (68 delta) &/or Stock
http://www.investmenthouse.com/ci/mar.html
Play Date: 05/22/2006
SYKE (Sykes Enterprises--$16.23; -0.18; optionable): ITS customer contact management
http://biz.yahoo.com/p/s/syke.html
STATUS: Test 50 day EMA. Nice breakout in early April from a 6 month base, rallying up the 18 day EMA (16.30) to 18. Then it used the recent market selling to test that move, coming back to the 50 day EMA (15.59), to test. Classic action: breakout run up the 18 day EMA, test the 50 day EMA, then start all over again. Good bounce off the 50 day Friday, then took a pause today. Still looks solid for the next break higher in the breakout run. Strong fundamentals growth.
Volume: 258.4K Avg Volume: 300K
BUY POINT: $16.85 Volume=370K Target=$20.25 Stop=$15.89
POSITION: UIK JC - Oct. $15c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/syke.html
Play Date: 05/22/2006
VMSI (Ventana Medical Sys.--$47.18; +1.00; optionable): Medical instruments
http://biz.yahoo.com/p/v/vmsi.html
STATUS: Test breakout. Tremendous breakout in late April, blasting out of a 11 month base on strong earnings. It came back to test the break over the next two weeks, but it held the move, rebounding before hitting the 50 day EMA (43.49). Moved up the past week as the market sold, showing some better volume. Nice price move Monday but no volume yet. Money flow is running higher, and relative strength broke out ahead of price, a bullish indication for VMSI to follow it higher. Nice leader that last split in March 2005, set up in the new base, and is not ready for the next run.
Volume: 306.9K Avg Volume: 350K
BUY POINT: $47.85 Volume=425K Target=$56.95 Stop=$45.32
POSITION: UMI II - Sept. $45c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/vmsi.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.
|
stock split
stock recommendation
|
