|
|
stock recommendation, stock option
Begin part 3 of 3
THE PLAYS
Good movers: NOVN; CAT; NUAN; RS; XPRSA
Tuesday night play results:
COHR: Reached down to the 18 day EMA and then rallied back on volume.
EBAY: Holding the 50 day EMA on low volume.
RNWK: Faded back after the strong volume move Tuesday.
WEBX: Back to the 10 day EMA on low volume.
New Plays:
Upside:
Play Date: 08/23/2006
CSH (Cash America Intl.--$35.21; +0.06; no options): Pawn shops
http://biz.yahoo.com/p/c/csh.html
STATUS: Double bottom w/handle. Taking another look at CSH as it has set up well the past 7 weeks, forming a short pattern using the 50 day EMA (33.70) as support. Very nice lateral and slightly lower handle the past week, tapping at the 18 day EMA (34.59) on the Wednesday low and rebounding to close flat on rising volume, showing buyers coming back in. Looking for that volume to continue back up as CSH jumps off of the near support.
Volume: 226.9K Avg Volume: 304.508K
BUY POINT: $35.95 Volume=457K Target=$43.00 Stop=$34.48
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/csh.html
New buy point on current positions:
Play Date: 08/23/2006
NVDA (Nvidia--$26.29; -0.02; optionable): Semiconductors
http://biz.yahoo.com/p/n/nvda.html
After Hours: $26.49
STATUS: Breakout test. A sweet pullback that never got out of control. Indeed on Wednesday it faded to the 10 day EMA (25.74) on low volume, then started to rebound into the close. A very nice 15 week base, and ready to break higher once more.
Volume: 8.081M Avg Volume: 10.402M
BUY POINT: $26.89 Volume=10M Target=$31.00 Stop=$25.65
POSITION: UVA LE - Dec. $25c (65 delta) &/or Stock
http://www.investmenthouse.com/cd/nvda.html
Play Date: 08/23/2006
NVLS (Novellus Systems--$26.68; +0.39; optionable): Semiconductor equipment
http://biz.yahoo.com/p/n/nvls.html
After Hours: $26.65
STATUS: Cup w/handle. NVLS is forming a handle to its 28 week base, coming back to the 10 day EMA (26.30) this week, holding that support Wednesday and bouncing on lower but average volume. Plenty of room for a nice bounce here to the January high to give us a nice gain near term.
Volume: 3.092M Avg Volume: 2.975M
BUY POINT: $26.95 Volume=2.9M Target=$30.75 Stop=$26.05
POSITION: NLQ LE - Dec. $25c (67 delta) &/or Stock
http://www.investmenthouse.com/cd/nvls.html
Play Date: 08/22/2006
WEBX (Webex Communications--$35.74; -0.98; optionable): Web conferencing, etc.
http://biz.yahoo.com/p/w/webx.html
After Hours: $35.52
STATUS: Test breakout. Another low volume test, though it plunked down a bit harder than we wanted. Nonetheless it held the 10 day EMA (35.52) rather easily, continuing the low volume pullback after the strong surge last week. Looking for a hold at the 10 day and then a rebound. May undercut early on but just about ready to rebound. To recap: Nice strong move last week allowed us to pocket some quick option gain, and now WEBX is making a low volume test of that move. It is not giving up much ground, a good sign of strength. Tapped at some support at 36 on the Tuesday low on very low volume (that is the highs in the pattern) and rebounded to close just negative. Looking for a bit more testing here toward 36, and then we will step back in when WEBX rebounds.
Volume: 406.549K Avg Volume: 677.185K
BUY POINT: $36.32 Volume=690K Target=$41.95 Stop=$35.35
POSITION: UWB LG - Dec. $35c (58 delta) &/or Stock
http://www.investmenthouse.com/cd/webx.html
Continuing plays ready to move:
Play Date: 08/22/2006
COHR (Coherent--$35.58; -0.48; optionable): Lasers, precision optics
http://biz.yahoo.com/p/c/cohr.html
After Hours: $35.73
STATUS: Double bottom w/handle. Reached down below the 10 day EMA (35.32) on the low, tapping toward the 18 day EMA (34.52) and then rebounding sharply to hold the 10 day. Good volume shows buyers were moving in as it tested and rallied back. Excellent action. To recap: Nice lateral move and then the Wednesday dip as COHR consolidates the August run that formed the right leg of its 16 week base. Volume jumped sharply higher Tuesday as COHR showed a tight doji, holding the gains and well above the 10 day EMA. Positive accumulation and money flow going hand in hand as COHR sets up the next break higher. The leader in its sector.
Volume: 388.469K Avg Volume: 255.263K
BUY POINT: $36.74 Volume=350K Target=$43.00 Stop=$35.15
POSITION: HRQ AG - Jan. $35c (59 delta) &/or Stock
http://www.investmenthouse.com/cd/cohr.html
Play Date: 08/19/2006
RBAK (Redback Networks--$18.25; -0.08; optionable): Telecom networking equipment
http://biz.yahoo.com/p/r/rbak.html
After Hours: $18.25
STATUS: Test 200 day SMA. Nice doji over the 200 day SMA (17.87) Wednesday on low, below average volume as RBAK continues testing the break above that key level. Excellent volume as it surged on the breakout on news of solid earnings and passing its options investigation. Nice test and looking to move in as it bounces on volume. Can move quickly and has room to run, just what we need as we look to profit from the next leg higher.
Volume: 1.655M Avg Volume: 2.363M
BUY POINT: $18.18 Volume=2.7M Target=$23.95 Stop=$17.72
POSITION: RBU LD - Dec. $20c (52 delta) or RBU LW - Dec. $17.50c (62 delta) &/or Stock
http://www.investmenthouse.com/cd/rbak.html
Play Date: 08/19/2006
WFR (Memc Electronic--$35.06; -0.48; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/w/wfr.html
STATUS: Double bottom w/handle. Still working on the handle to its 15 week base, moving laterally over the 10 day EMA (34.16) on low volume this week, testing the strong jump through the 50 day EMA (33.35) last week. Just needs the trigger to send it higher. Has plenty of room to run once it gets some upside volume.
Volume: 2.842M Avg Volume: 4.415M
BUY POINT: $36.04 Volume=5.5M Target=$43.00 Stop=$33.94
POSITION: WFR AG - Jan. $35c (54 delta) &/or Stock
http://www.investmenthouse.com/cd/wfr.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
NVDA: About the only thing looking solid in the lot with its nice pullback to support.
WM: Falling back through the 200 day SMA, making a lower high.
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.
|
stock recommendation
stock option
|
