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stock recommendation, stock option
Begin part 3 of 3
THE PLAYS
Good Movers: ALJ; EZPW; MRO; OII; SLB; VLO; MAN; TEX
Tuesday night play results:
AGN: Bumped higher but volume faded further below average
BA: Turned down on volume as earnings failed to impress
COL: Faded back modestly.
DLLR: Continued higher on lower but above average volume
New Plays:
Upside:
Play Date: 07/26/2006
AHS (AMN Healthcare--$21.99; -0.44; optionable): Recruiting & placement of health care professionals
http://biz.yahoo.com/p/a/ahs.html
Earnings: 8-7-06
STATUS: Test breakout. Strong move in early July as AHS broke out from a 9 week cup base, surging to 23 on the run. It is testing this week, tapping the 18 day EMA (21.60) on the Wednesday low and rebounding, all on lower, below average volume. Strong stock with solid fundamentals helping set it up for a break to a new 4 year high. Strong money flow and a relative strength breakout with the stock price. May snug up a bit more to the 18 day EMA before rebounding, but want to be ready as it turns back up.
Volume: 292.3K Avg Volume: 379.973K
BUY POINT: $22.21 Volume=400K Target=$26.75 Stop=$21.48
POSITION: AHS JS - Oct. $22.50c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/ahs.html
Play Date: 07/26/2006
TWGP (Tower Group--$29.82; +0.13; optionable): Property and casualty insurance
http://biz.yahoo.com/p/t/twgp.html
Earnings: Early August
STATUS: Double bottom. Volume was up but still below average Wednesday as TWGP moved up in its 8 week base formed around the 50 day EMA (28.52). This move follows a nice March through May run that needed consolidating. This base fills the bill. May take a few more sessions to move laterally and form a handle, but we want to be ready to move in if TWGP takes off again on strong volume from this level without any further consolidation. Solid fundamentals match the solid technical pattern.
Volume: 295.877K Avg Volume: 328.791K
BUY POINT: $30.22 Volume=493K Target=$36.00 Stop=$20.50
POSITION: PTQ JF - Jan. $30c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/twgp.html
New buy point on current position:
Play Date: 07/26/2006
BOT (CBOT Holdings--$118.62; -1.59; optionable)
http://biz.yahoo.com/p/b/bot.html
Earnings: 7-20-06
After Hours: $119.00
STATUS: Reverse head and shoulders. Moving laterally the past week following a strong volume and price move on the earnings on 7-20. Volume has tapered the past two sessions as BOT holds above the 10 day EMA (117.55), setting up the next break higher from its 17 week base. Nicely formed base with money flow surging higher. Excellent action and ready to make the next break higher. A move to the target lands us an 85%ish gain.
Volume: 249.7K Avg Volume: 391.152K
BUY POINT: $121.31 Volume=575K Target=$134.90 Stop=$116.95
POSITION: BOT LE - Dec. $125c (49 delta)
http://www.investmenthouse.com/ci/bot.html
Continuing plays ready to move:
Play Date: 07/22/2006
HMSY (HMS Holdings--$11.22; +0.15; no options): Healthcare information system
http://biz.yahoo.com/p/h/hmsy.html
STATUS: Ascending base. Volume jumped up to average Wednesday as HMSY jumped up to 11.61 on the high. Could not hold the move to the close, however, dipping back to close inside the 7 week base that is setting up for a new 7 year high. Looking for another move to break it higher for keeps.
Volume: 137.249K Avg Volume: 151.116K
BUY POINT: $11.31 Volume=225K Target=$13.35 Stop=$10.52
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/hmsy.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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