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stock recommendation, stock investment information
Begin part 3 of 3
We apologize for the late delivery. We experienced a data loss and had to rebuild our plays.
THE PLAYS
Good movers: SWB; AGIX; AMT
Weekend play results:
ACTG: Lower volume test, taking a breather
COGO: Sold back on lower but still strong volume.
SWB: Great break higher.
AGIX: Fell hard from the 18 day EMA
AMT: Ditto
BJS: Gapped higher but then rolled over on rising volume.
New Plays:
Upside:
Play Date: 05/30/2006
ORBK (Orbotech--$25.26; -0.01; optionable): Scientific and technical instruments
http://biz.yahoo.com/p/o/orbk.html
STATUS: Test 50 day EMA. Taking another look at ORBK as it broke higher in early May, moving out of a 14 week cup with handle on strong volume. It got caught in the selling and came back to test the move down at the 50 day EMA (25.26). Nice tight doji at the 50 day Tuesday as volume jumped back above average. Looking for more strong volume as it breaks higher through the 18 day EMA (25.67).
Volume: 147.864K Avg Volume: 110K
BUY POINT: $25.77 Volume=165K Target=$30.95 Stop=$25.00
POSITION: OKQ JE - Oct. $25c (61 delta) &/or Stock
http://www.investmenthouse.com/cd/orbk.html
Play Date: 05/30/2006
LTD (The Limited--$26.59; -0.09; optionable): Apparel stores
http://biz.yahoo.com/p/l/ltd.html
STATUS: Test breakout. Nice tight doji at the 18 day EMA (26.59) Tuesday as LTD is just about through with its week long test of the strong volume break higher in mid-May. After a breakout in late February and a run higher up the 18 day, it made a deeper test to the 50 day EMA (25.64) two weeks back and bounced on strong volume. This is the first test after the start of the next run higher. Looking to move in as LTD moves through the 10 day EMA (26.87). After languishing for years, LTD has turned its fundamentals around and is enjoying the rewards.
Volume: 2.062M Avg Volume: 2.097M
BUY POINT: $26.97 Volume=2.5M Target=$32.38 Stop=$25.55
POSITION: LTD KE - Nov. $25c (65 delta) &/or Stock
http://www.investmenthouse.com/cd/ltd.html
Play Date: 05/30/2006
RSYS (Radisys--$20.68; -0.50; optionable): PC peripherals
http://biz.yahoo.com/p/r/rsys.html
After Hours: $20.68
STATUS: Test breakout. Strong surge higher to end April took RSYS out of an 8 month flat base. It came back to test the 50 day EMA (20.10) two weeks back and started higher last week. It lacked some volume on that move, coming back to test Tuesday on lower trade. This is helping set up a better move than the low volume attempt higher last week.
Volume: 94.467K Avg Volume: 146.131K
BUY POINT: $21.76 Volume=219K Target=$26.00 Stop=$20.42
POSITION: MKU KD - Nov. $20c (58 delta) &/or Stock
http://www.investmenthouse.com/cd/rsys.html
Downside:
Play Date: 05/30/2006
CBG (CB Richard Ellis--$74.58; -1.93; optionable): Property management
http://biz.yahoo.com/p/c/cbg.html
STATUS: Put. After a long, steady move up the 18 day EMA (78.98) through early May, CBG's upside has run out of road. It made what looked to be a routine test of the 50 day EMA (79.14) mid-May, but then fell through that level. It tried to rebound the past three sessions, but Friday showed a doji below the 10 day EMA (77.05) and Tuesday turned down from that level on rising, average trade. The inability to move through the 10 day EMA shows it has weakened considerably. Money flow is diving lower ahead of price, leading the way lower. Looking to move in on a further solid volume move lower. A run to the target lands us a 45%ish gain.
Volume: 825.5K Avg Volume: 715.931K
BUY POINT: $74.22 Volume=850K Target=$74.05 Stop=$75.21
POSITION: CBG SO - July $75p (-46 delta)
http://www.investmenthouse.com/cd/cbg.html
Play Date: 05/30/2006
KFX (KFX, Inc.--$14.14; -0.48; optionable): Specialty chemicals
http://biz.yahoo.com/p/k/kfx.html
STATUS: Put. KFX formed a broad top from February to early May, and then it broke its back, gapping below the 200 day SMA (16.64) two weeks back. It tumbled close to 13 and then rebounded the past week on very low, below average volume. High volume drop, low volume rebound; that shows sellers on the way down, no real buyers on the bounce. Tuesday it tapped the 10 day EMA (14.90) on the high and then rolled over. Looks ready for the next run lower. A move to the target lands us a 44%ish gain.
Volume: 589.2K Avg Volume: 765.188K
BUY POINT: $13.95 Volume=800K Target=$12.40 Stop=$14.48
POSITION: KFX SC - July $15c (-55 delta)
http://www.investmenthouse.com/cd/kfx.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, AKAM, CCJ, CELG, FLR, GME, MGPI, MRVL, NVDA, SGMS, WM
New additions: AKAM, CCJ, FLR, MGPI, SGMS, WM
AAPL: Moved through the 200 day SMA (63.76) after a good lateral move at that support. Volume remained below average, but something of an ominous development if not corrected.
CELG: Trying to set up again as it comes back to the 10 day EMA on low volume Tuesday.
GME: Not looking good. A thread of support at 42.
MGPI: Not bad, still holding the 18 day EMA on low volume, setting up the next bounce.
MRVL: Ugly development as it plows lower through prior May low. Major sell off.
NVDA: Breaking below the week long lateral consolidation. Not a good development.
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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stock recommendation
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