|
|
us stock market, stock recommendation
Begin part 3 of 3
THE PLAYS
Good Movers: AEM; AEOS
Thursday night play results:
AEM: Nice run higher on continued strong volume.
MTW: Gapped higher but no volume and finished flat.
VMSI: Continued the test, coming back to the 10 day EMA on low volume.
BP: Traded flat on low volume, still ready to fall.
New Plays:
Upside:
Play Date: 09/02/2006
AKAM (Akami Technologies--$40.63; +1.43; optionable): Content and business processes over the internet
http://biz.yahoo.com/p/a/akam.html
STATUS: Flying plateau. AKAM gapped higher in late July on strong earnings, rallied to 40, then started moving laterally all of August in a $2 range from 38 to 40 on mostly lower volume. Money flow has turned higher as it makes the lateral move. Price bounced out of the range Friday on rising but still below average volume. If it can continue it is a buy. Nice 3 to 0 accumulation in the lateral move (3 up price weeks on rising volume to 0 down price weeks on rising volume).
Volume: 3.195M Avg Volume: 3.813M
BUY POINT: $40.82 Volume=4M Target=$48.98 Stop=$38.95
POSITION: UMU AH - Jan. $40c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/akam.html
Play Date: 09/02/2006
BOOM (Dynamic Materials--$36.13; 0.00; optionable): Industrial metal coatings
http://biz.yahoo.com/p/b/boom.html
STATUS: Cup. May be starting to form a handle to its 16 week base, coming back Thursday and Friday after a strong price and volume move Wednesday that took BOOM over the interim highs in the base at 35. It may come on back to test 35 or the 10 day EMA (34.59) and form a handle; that would give a great entry point. We will, however, start some positions on a continued move higher this week and then see if we get the test.
Volume: 479.212K Avg Volume: 752.129K
BUY POINT: From the Friday close: $36.68. On a test of 35, 35.42 on the rebound. Volume=800K Target=$42.50 Stop=$34.48
POSITION: QCB LG - Dec. $35c (62 delta) &/or Stock
http://www.investmenthouse.com/ci/boom.html
Play Date: 09/02/2006
EZPW (Ezcorp--$39.83; +0.56; optionable): Pawn shops
http://biz.yahoo.com/p/e/ezpw.html
STATUS: Cup. Made us some good money in its June run, and after gapping higher in early July, EZPW spent August filling the gap and forming a new base, using the 90 day MA (35.71) as support. It has come up off of that level, rising to some resistance at 40 last week. 35.71) as support. It has come up off of that level, rising to some resistance at 40 last week. Looking for volume to ramp up as it continues through 40 on a burst in volume.
Volume: 359.872K Avg Volume: 482.047K
BUY POINT: $40.21 Volume=525K Target=$46.95 Stop=$38.38
POSITION: AMX AH - Jan. $40c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/ezpw.html
Play Date: 09/02/2006
FORM (Formfactor--$47.63; -0.67; optionable): Semiconductors
http://biz.yahoo.com/p/f/form.html
STATUS: Test breakout. FORM is making the test of a strong move Wednesday that broke it higher from a ragged 7 week base. Strong move on strong volume and a nice test underway for this leading stock. May come all the way back to the 10 day EMA (46.63) to give a full test and a very nice entry point, but given the new season starts next week we will be ready to move in if it jumps from this level.
Volume: 970.961K Avg Volume: 923.339K
BUY POINT: $46.89 Volume=1.1M Target=$53.95 Stop=$45.42
POSITION: AFU AI - Jan. $45c (66 delta) &/or Stock
http://www.investmenthouse.com/ci/form.html
Play Date: 09/02/2006
PPDI (Pharmaceutical Product Dev.--$38.66; +0.54; optionable): Medical labs
http://biz.yahoo.com/p/p/ppdi.html
STATUS: Double bottom w/handle. Taking another run at PPDI after a short but sweet 7 week base formed, making the lows of two legs on the 50 day EMA (37.46) and forming a nice handle last week at the 18 day EMA (38.03). Good action Friday on the best volume in three weeks. This is part of a larger 18 week ascending base; the accumulation in this last part is a solid 3 to 0. Like this one for several reasons: right sector if market turns defensive; a top stock in the market and its sector, excellent fundamentals, excellent pattern.
Volume: 399.774K Avg Volume: 552.165K
BUY POINT: $39.22 Volume=725K Target=$46.95 Stop=$37.89
POSITION: PJQ AU - Jan. $37.50c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/ppdi.html
Play Date: 09/02/2006
PQ (Petroquest Energy--$12.22; +0.19; optionable): Independent oil and gas
http://biz.yahoo.com/p/p/pq.html
STATUS: Ascending base. Taking another run at PQ as it continues to set up above the 18 day EMA (11.81) as it pinches off toward the end of its 18 week base. It got a bit wild Wednesday, gapping lower and falling to the 18 day EMA, but it held and continues to set up for the breakout. Strong upside volume Tuesday as it tried to make the move. Positive accumulation. Holding tough. Now it just needs to show the breakout.
Volume: 372.1K Avg Volume: 429.753K
BUY POINT: $12.68 Volume=450K Target=$15.00 Stop=$11.95
POSITION: PQ AV - Jan. $12.50c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/pq.html
Continuing plays ready to move: Looking at these to move this week.
ASMI
CTSH
ESRX
TWGP
VMSI
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.
|
us stock market
stock recommendation
|
