us stock market, stock recommendation

Begin part 3 of 3

THE PLAYS

Good movers: GRMN; ICUI; SPSS; SPSX

Tuesday night play results:
GLBL: Faded back to the 18 day EMA on lower volume
SPSX: Great volume as SPSX breaks higher off the 18 day EMA
SWB: Still working laterally in the base
ZEUS: Very volatile but still below the 50 day EMA.

New Plays:

Upside:

Play Date: 05/24/2006
BBW (Build-A-Bear Workshop--$30.56; 0.00; optionable): Retail outlets where kids outfit their own bears
http://biz.yahoo.com/p/b/bbw.html
STATUS: Reverse head and shoulders. BBW is working on the right shoulder 22 week pattern that formed using the 50 day EMA (30.35) as support for each of the shoulders. A new issue in late 2004, this is BBW's second base, a very nice pattern formed after a strong September to December 2005 run. Nice fade back to the 50 day EMA the past week and a doji Wednesday are setting up the break higher. Low volume on this test; now we need to see the volume kick in as it surges higher.
Volume: 103.6K Avg Volume: 187.829K
BUY POINT: $32.42 Volume=282K Target=$38.95 Stop=$30.15
POSITION: BBW IF - Sept. $30c (53 delta) &/or Stock
http://www.investmenthouse.com/cd/bbw.html

Play Date: 05/24/2006
LMNX (Luminex--$15.44; +0.18; no options): Medical instruments
http://biz.yahoo.com/p/l/lmnx.html
STATUS: Test 50 day EMA. LMNX broke sharply higher in late April and early May, breaking out from a nice 12 week base that formed roughly using the 50 day EMA (14.90) as support. Such a strong run needed a test, and in the selling the past two weeks LMNX came back to test the move, holding the 50 day EMA on the lows. Big doji with tail Wednesday as LMNX reached lower and rebounding on strong volume for a gain. Looks like the last shakeout to set LMNX on its further breakout move.
Volume: 405.342K Avg Volume: 165K
BUY POINT: $16.05 Volume=315K Target=$19.38 Stop=$14.93
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/lmnx.html

Play Date: 05/24/2006
RNT (Aaron Rents--$27.51; +0.25; no options): Rental & leasing services
http://biz.yahoo.com/p/r/rnt.html
STATUS: Test breakout. Broke out from a 8 month cup with handle base in February and rallied up the 18 day EMA (now at 26.82). It topped in late April and fell below the 50 day EMA (26.48) but rebounded last week on strong volume, making a new breakout, or really continuing the prior breakout run. After that Friday blast higher RNT faded back this week to test the 18 day EMA Wednesday and rebounding for a gain on stronger volume. Relative strength broke out on the move, a very good indication for the continued move higher. Strong money flow is leading higher and after this test RNT is ready to follow it once more.
Volume: 562.9K Avg Volume: 265K
BUY POINT: $28.35 Volume=398K Target=$34.00 Stop=$26.37
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/rnt.html

Continuing plays ready to move:

Play Date: 05/20/2006
CTXS (Citrix Systems--$39.05; +0.05; optionable): On demand information access software, etc.
http://biz.yahoo.com/p/c/ctxs.html
STATUS: Test 50 day EMA. Still testing the 50 day EMA (38.66), showing a nice tight doji at that level Wednesday as volume jumped back up above average. Excellent test, and looking for the rebound through the 18 day EMA (40.27). To recap: CTXS made us some great coin this year, after the strong run up through early May it needed a breather. The market selling came along and pushed it back to the 50 day EMA. We said we were going to let it make the test and then move back in. It looks to have done that, undercutting the 50 day EMA intraday the past few sessions and then rebounding for a positive close. A strong market leader this one, and we are looking for CTXS to make us some more scratch as it rebounds off the 50 day.
Volume: 3.082M Avg Volume: 2.674M
BUY POINT: New: $40.42 (orig. $40.88) Volume=4M Target=$49.00 Stop=$38.55
POSITION: XSQ IH - Sept. $40c (55 delta) &/or Stock
http://www.investmenthouse.com/cd/ctxs.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

Had a lot more late entries come in so we are still sorting through them, taking a good look at each. As soon as we get that done we will post the new list. The responses are varied ranging, for example GM, CCJ, BNI, SNDK, CVH, DIS, PALM, ET, SNDK, etc. Any last minute choices will be considered, though I hate to say that given all the candidates sent in. Replacing: BRCM (this one is on the bubble), COH, FFIV, PSYS, UNH

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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