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stock recommendation, stock option
Begin part 3 of 3
THE PLAYS
Good movers: JCOM; KNOT; LIFC; SUNH
Monday night play results:
CONR: Tested back to the 18 day EMA on low, low volume.
ODFL: No volume as it bounced a bit higher.
SUNH: Strong volume as SUNH continued its move
AGE: Still ready to roll over at the 10 day EMA
AXE: Slid a bit lower on low volume.
FRK: Still unable to move through the 10 day EMA
New Plays:
Upside:
Play Date: 06/20/2006
MAN (Manpower--$65.23; +1.46; optionable): Staffing and outsourcing
http://biz.yahoo.com/p/m/man.html
STATUS: Test 50 day EMA. MAN broke out over resistance in late January and rallied well through May. It has faded the past 6 weeks, coming back to the 50 day EMA (63.05) and consolidate that move. Strong volume last Wednesday and Thursday as it jumped up off that level, then lower volume as it tested Friday and Monday. Strong volume returned Tuesday as MAN jumped higher. Looking to move in as MAN clears the recent high on the rebound. Strong money flow is surging higher ahead of price. Relative strength is making the breakout move as well, a good sign for the stock seeing as it is still off the May high.
Volume: 1.438M Avg Volume: 992.774K
BUY POINT: $65.95 Volume=1.5M Target=$78.00 Stop=$63.00
POSITION: MAN LM - Dec. $65c (59 delta) &/or Stock
http://www.investmenthouse.com/ci/man.html
Downside:
Play Date: 06/20/2006
EME (Emcor Group--$45.46; +0.67; optionable): Materials and construction
http://biz.yahoo.com/p/e/eme.html
STATUS: Put. EME double topped spanning April and May, then gapped lower below the 50 day EMA (47.33) in mid-May. It moved laterally for three weeks then started lower, selling hard last week. Rebounded to the 18 day EMA (46.29), bumping its head into that level the past four sessions. Looking for volume to kick up as it continues the move down the near term moving averages. A move to the target lands us a 40%ish gain.
Volume: 272K Avg Volume: 310.063K
BUY POINT: $45.18 Volume=315K Target=$42.85 Stop=$45.88
POSITION: EME TI - Aug. $45p (-40 delta)
http://www.investmenthouse.com/ci/eme.html
Play Date: 06/20/2006
WFT (Weatherford International--$46.38; -1.04; optionable): Oil and gas service company
http://biz.yahoo.com/p/w/wft.html
STATUS: Put. Low volume top in early May. Fell to the 50 day EMA (49.68), held for three weeks then folded a week back. Low volume bounce the past week that could only get to the 10 day EMA (48.13) on the rebound. Starting to backslide Tuesday, and looking for more to the downside. A move to the target lands us a 43%ish gain.
Volume: 2.852M Avg Volume: 3.798M
BUY POINT: $46.18 Volume=3.8M Target=$43.05 Stop=$46.88
POSITION: WFT TI - Aug. $45p (-38 delta)
http://www.investmenthouse.com/ci/wft.html
Continuing plays ready to move:
Upside:
Play Date: 06/17/2006
IDEV (Interneuron Pharma--$5.36; +0.13; optionable): Biotech
http://biz.yahoo.com/p/i/idev.html
STATUS: Reverse head and shoulders. Nice volume and price action Tuesday as IDEV is just about ready to make the next move, following that surging money flow. Formed this pattern at the bottom of its 15 week cup base; stocks often form this pattern at the lows, and IDEV looks ready to scoot.
Volume: 679.812K Avg Volume: 424.009K
BUY POINT: $5.41 Volume=450K Target=$6.55 Stop=$5.06
POSITION: QUF LA - Dec. $5c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/idev.html
Play Date: 05/24/2006
SMDI (Sirenza Microdevices--$12.00; +0.35; no options): Semiconductor integrated circuits
http://biz.yahoo.com/p/s/smdi.html
STATUS: Test breakout. One of those smaller chips we said looked perky. Volume moved higher Tuesday as SMDI bounced up off the 18 day EMA (11.46) in its 6 week consolidation of the February to early May run. Coming to life and looks ready to make its move.
Volume: 510.856K Avg Volume: 504.272K
BUY POINT: $12.12 Volume=677K Target=$15.12 Stop=$11.27
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/smdi.html
Downside:
Play Date: 06/19/2006
AGE (A.G. Edwards--$50.33; +0.30; optionable): Investment brokerage
http://biz.yahoo.com/p/a/age.html
STATUS: Put. Still ready to fall with a much lower volume tap at the 10 day EMA (50.49). Looking for this bounce to kiss the 10 day goodbye and head to lower elevations. Still has a gap way down at 46 to fill. Getting ripe. To recap: AGE made something of a triple top April to early June and then collapsed two weeks back in the hard 'Fed scare' selling. It fell to price support at 48 from the early 2006 highs and bounced. It made it back to the bottom of the April to June range, but showed a tight doji Monday; that indicates the stock is ready to turn back down. Looking to move in as it does and ride it lower. It has yet to fill the gap from late March, and it is going to do that before it can really make any further upside. A move to the target lands us a 46%ish gain.
Volume: 636.3K Avg Volume: 534.108K
BUY POINT: $49.84 Volume=700K Target=$47.35 Stop=$50.55
POSITION: AGE TJ - Aug. $50p (-42 delta)
http://www.investmenthouse.com/ci/age.html
Play Date: 06/19/2006
FRK (Florida Rock--$46.36; +0.06; optionable): Cement
http://biz.yahoo.com/p/f/frk.html
STATUS: Put. Doji below the 10 day EMA (47.12) as FRK still struggles at that level, banging its head there the past three sessions. Still looks ready for its third run lower. To recap: FRK ran with most of the materials stocks from February to May. At that level it peaked just below the October 2005 high (68), tried to rally again but only matched the April high and on no volume. It rolled over from there and tanked. Last week it rebounded to the 10 day EMA. Monday it gapped above the 10 day and then rolled over on a strong shot of rising, above average volume. Looking to move in and let the stock roll lower and break some support at 45 and give us a nice run. Our initial target is 43, and a move to that point lands us a 42%ish gain. If it diving at that point, we will let it go further.
Volume: 737.8K Avg Volume: 782.511K
BUY POINT: $46.12 Volume=785K Target=$43.00 Stop=$47.32
POSITION: FRK TI - Aug. $45p (-38 delta)
http://www.investmenthouse.com/ci/frk.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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