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us stock market, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: EEFT; GPN; GRMN; LIFC; MRO; UARM
Tuesday night play results:
CLHB: Lower volume test, holding at the 18 day EMA.
MRO: Nice move higher continues
IWV: Doji below the 10 day EMA.
NVS: Held support on low volume.
New Plays:
Upside:
Play Date: 06/28/2006
AKAM (Akami Technologies--$33.46; -0.31; optionable): Internet software for delivery of content business processes
http://biz.yahoo.com/p/a/akam.html
After Hours: $33.46
STATUS: Double bottom w/handle. Bucked the market trend in the selling, setting up the current 7 week base around the 50 day EMA (31.61). Nicely formed pattern as AKAM sets up for the breakout to a new all-time high. Coming back the past two sessions to form the handle, tapping the 18 day EMA (32.26) on the low and rebounding on strong, above average volume. Relative strength is making the breakout ahead of price, a nice bullish touch to the base. Letting it make the test and then show us the breakout. Solid earnings and sales growth rates and in a strong market sector in a weak market.
Volume: 4.397M Avg Volume: 3.886M
BUY POINT: $34.11 Volume=5.8M Target=$40.95 Stop=$32.25
POSITION: UMU KG - Nov. $35c (50 delta) &/or Stock
http://www.investmenthouse.com/ci/akam.html
Play Date: 06/28/2006
NYX (NYSE Group--$61.55; -1.64; optionable)
http://biz.yahoo.com/p/n/nyx.html
After Hours: $61.71
STATUS: Test breakout. NYX broke above its 3 month downtrend (peaked in mid-March) on Monday and is now testing the move, coming back to the 10 day EMA (60.15) that is rising to meet it. Super money flow is leading higher as NYX tries to reverse its trend. Going to be patient, let it make its test, and then rebound on volume. That is when we move in.
Volume: 1.532M Avg Volume: 3.057M
BUY POINT: $62.88 Volume=4M Target=$75.00 Stop=$60.05
POSITION: NYX IL - Sept. $60c (62 delta) or NYX JM - Oct. $65c (49 delta) &/or Stock
http://www.investmenthouse.com/ci/nyx.html
Play Date: 06/28/2006
THX (Houston Exploration--$62.30; +1.34; optionable): Independent oil and gas
http://biz.yahoo.com/p/t/thx.html
STATUS: Double bottom w/handle breakout. With all of the activity in the independents with acquisitions, THX is enjoying some attention. It gapped higher Tuesday from the handle to its 4 month base that is part of a larger 9 month pattern. Lots of volume and momentum. Looking to move in as it continues higher.
Volume: 883.3K Avg Volume: 749.874K
BUY POINT: $62.48 Volume=1.1M Target=$71.85 Stop=$58.75
POSITION: THX LL - Dec. $60c (70 delta) &/or Stock
http://www.investmenthouse.com/ci/thx.html
New buy point on current position:
Play Date: 06/28/2006
KNOT (The Knot--$20.30; -0.02; no options): Marriage services
http://biz.yahoo.com/p/k/knot.html
STATUS: Breakout test. Excellent break higher last week on strong trade, and now a nice low volume test, showing a doji Wednesday that tapped the 10 day EMA on the low and rebounded to close positive. May test back a bit more, but looks ready to move again at any time. Nice break from a 10 week base and ready for more.
Volume: 123.363K Avg Volume: 148.186K
BUY POINT: $20.89 Volume=222K Target=$25.00 Stop=$19.43
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/knot.html
Downside:
Play Date: 06/28/2006
ETH (Ethan Allen Interiors--$35.97; -0.59; optionable): Home furnishings
http://biz.yahoo.com/p/e/eth.html
STATUS: Put. ETH gapped higher in late April in a last hurrah in its run, then peaked on no volume. It tanked from 44 to 34 in one continuous leg lower. It rebounded in June to the 200 day SMA (37.88), hitting that level Friday and Monday but on very low volume. It then turned down on rising volume. Looking to pick it up as it continues lower. A move to the target lands us a 44% gain.
Volume: 784.1K Avg Volume: 460.718K
BUY POINT: $35.88 Volume=550K Target=$33.55 Stop=$36.55
POSITION: ETH TG - Aug. $35p (-36 delta)
http://www.investmenthouse.com/ci/eth.html
Play Date: 06/28/2006
VCLK (Valueclick--$14.49; -0.13; optionable): Internet advertising
http://biz.yahoo.com/p/v/vclk.html
STATUS: Put. Formed a head and shoulders in December and January, then again March through May. It broke lower to start June and this rebound the past two weeks is its first test of the dump lower. It made it through the 18 day EMA (14.81) this week but it didn't take. Turning lower and looks ready to test again. A move to the target lands us a 40%ish gain.
Volume: 661.777K Avg Volume: 1.764M
BUY POINT: $14.38 Volume=1.8M Target=$13.12 Stop=$14.75
POSITION: QCS UC - Sept. $15p (-57 delta)
http://www.investmenthouse.com/ci/vclk.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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us stock market
stock recommendation
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