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stock recommendation, stock option
Begin part 3 of 3
THE PLAYS
Good Movers: AGN; ICE; LH; RAI; TRMB; PANL; SCSS
Wednesday night play results:
FSL: Nice price move on top of Wednesday's volume. Looks ready.
HES: Tanked to the 50 day EMA on stronger volume. Will see if it can hold.
LUFK: Nice lower volume doji
QSII: Nice test of the 200 day SMA on the low and rebounded. Good enough to start accumulating some positions.
DELL: Flirted with the breakdown but wasn't quite ready.
New Plays:
Upside:
Play Date: 08/10/2006
AEOS (American Eagle Outfitters--$34.90; +1.19; optionable): Apparel stores
http://biz.yahoo.com/p/a/aeos.html
After Hours: $34.90
STATUS: Ascending base. Solid volume Thursday as AEOS broke higher from a week long lateral move over the 10 day EMA that formed a handle to its short 6 week double bottom with handle base. This is part of a larger 13 week base that formed over the 50 day EMA (33.12). Strong volume last week to start the month as it surged off the second leg in the short double bottom. Excellent relative strength and you have to like the stronger volume it is showing on the upside. Ready to move in as it continues this break higher.
Volume: 2.232M Avg Volume: 2.413M
BUY POINT: $35.11 Volume=2.5M Target=$41.95 Stop=$33.00
POSITION: AQU LG - Nov. $35c (58 delta) &/or Stock
http://www.investmenthouse.com/cs/aeos.html
Play Date: 08/08/2006
ATLS (Atlas America--$46.52; -0.61; no options): Oil and gas drilling
http://biz.yahoo.com/p/a/atls.html
STATUS: Double bottom w/handle. Shook us out ahead of the FOMC meeting when the energy sector was weak for a day and we did not want it to turn against us. It held on, maintaining its lateral move above the 10 day EMA (46.33). Nice low volume pullback to the 10 day this week, putting the finishing touches on its 14 week pattern with positive accumulation and surging money flow. Just going to wait for ATLS to show us the strong volume breakout.
Volume: 93.407K Avg Volume: 172.922K
BUY POINT: $48.08 Volume=250K Target=$54.95 Stop=$45.95
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/atls.html
Play Date: 08/10/2006
ESRX (Express Scripts--$84.33; +2.74; optionable): Mail order prescription service
http://biz.yahoo.com/p/e/esrx.html
STATUS: Reverse head and shoulders. Breaking higher through the 200 day SMA (81.07) this week as it clears interim resistance in its larger 7 month cup base. Excellent volume as it started higher on this move; ESRX is showing a lot of momentum after the nice break higher. Looking to move in and take some positions on a continued move higher and then on the test of the break through the 200 day. We take some now because with the strength it is showing it could just keep on running.
Volume: 2.333M Avg Volume: 1.978M
BUY POINT: $84.75 Volume=2M Target=$95.00 Stop=$81.00
POSITION: XTQ KQ - Nov. $85c (52 delta) &/or Stock
http://www.investmenthouse.com/cs/esrx.html
Play Date: 08/10/2006
HC (Hanover Compressor--$19.04; -0.04; optionable): Oil and gas service equipment
http://biz.yahoo.com/p/h/hc.html
STATUS: Double bottom w/handle. Sweet little 14 week pattern has formed using the 200 day SMA (16.57) on the lows as support for the base. Solid 5 to 3 accumulation shows good buying during the base (5 up price weeks on rising volume to 3 down price weeks on rising volume), complementing the surging money flow. Nice action and showing solid price/volume action as it sets up for the breakout move.
Volume: 662.9K Avg Volume: 1.15M
BUY POINT: $19.87 Volume=1.7M Target=$23.85 Stop=$18.48
POSITION: HC LD - Dec. $20c (50 delta) &/or Stock
http://www.investmenthouse.com/cs/hc.html
Play Date: 08/10/2006
MOLX (Molex--$34.24; +0.58; optionable): Electromechanical components (keypads, internal antennas, SIM card sockets, etc.)
http://biz.yahoo.com/p/m/molx.html
STATUS: Test 50 day EMA. MOLX completed its acquisition of WDHD Thursday and it posted a modest gain on lower, below average volume. It is coming off a test of the 50 day EMA (33.01) as it forms the right side of a 14 week cup base. It broke through the 50 day last week on strong volume when it got the 'ok' from German antitrust. It made a test of the 50 day Wednesday and looks ready for more upside as it bounced off. Need a bit more volume but looks excellent.
Volume: 495.917K Avg Volume: 618.983K
BUY POINT: $34.68 Volume=625K Target=$40.95 Stop=$33.14
POSITION: OXQ KG - Nov. $35c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/molx.html
Continuing play ready to move:
Play Date: 08/09/2006
FSL (Freescale Semiconductor--$29.29; +0.52; optionable): Semiconductors
http://biz.yahoo.com/p/f/fsl.html
STATUS: Cup. FSL is the old Motorola chip unit that MOT spun off. It is working on a 14 week base that used the 200 day SMA (27.64) in June and July as support for the pattern, showing the big money institutions are supporting it. After a two week lateral move over the 18 day EMA FSL jumped higher Wednesday on a strong shot of above average volume and was up again Thursday though on lower trade. Showing excellent action as the semiconductors overall improve. It is well-positioned to move higher if we can get that push higher by SOX and SP500.
Volume: 2.409M Avg Volume: 2.46M
BUY POINT: $29.38 Volume=2.5M Target=$33.75 Stop=$28.35
POSITION: FSL LF - Dec. $30c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/fsl.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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