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stock recommendation, stock pick
Begin part 3 of 3
THE PLAYS
Good Movers: AKAM; TWGP
Wednesday night play results:
ANEN: Started higher but wanted a bit more volume.
MCHP: Started off well on some volume but then faded. Still holding the 200 day SMA.
WFR: No volume
COST: Started lower but rebounded to the trendline
New Plays:
Upside:
Play Date: 09/14/2006
CWTR (Coldwater Creek--$28.54; -0.30; optionable): Apparel stores and catalog sales
http://biz.yahoo.com/p/c/cwtr.html
STATUS: Cup w/handle. CWTR worked laterally through Monday along the 10 day EMA (27.82) then broke higher this week. Volume was not with the move, however, and we are looking for CWTR to come back to test the 10 day again and then break higher. That is the move we are looking for from this retail leader.
Volume: 698.677K Avg Volume: 1.508M
BUY POINT: $28.82 Volume=1.6M Target=$34.85 Stop=$27.74
POSITION: UCJ AE - Jan. $25c (72 delta) &/or Stock
http://www.investmenthouse.com/ci/cwtr.html
Play Date: 09/14/2006
DJO (DJ Orthopedics--$38.75; +0.16; optionable): Medical appliances
http://biz.yahoo.com/p/d/djo.html
STATUS: Test 50 day EMA. Volume was up Thursday, moving above average as DJO reached lower and then rebounded. Nice 2 week lateral move above this level, testing back from a strong move in late July and early August. Looking for volume to continue as DJO moves up off this test and follows its strong money flow.
Volume: 249.6K Avg Volume: 193.762K
BUY POINT: $39.26 Volume=291K Target=$44.90 Stop=$37.95
POSITION: DJO LH - Dec. $40c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/djo.html
Play Date: 09/14/2006
PLCE (Childrens Place--$57.84; +1.38; optionable): Apparel stores
http://biz.yahoo.com/p/p/plce.html
STATUS: Test 200 day SMA. The consumer is looking fine and so is PLCE. Volume has jumped up this week as it comes off a 200 day SMA (54.29) test. Nice run in Q1 needed a breather and this 18 week base is doing just that. Want to pick it off as it jumps off the 200 day and starts the rally to form the right side of its base that will set it up for a breakout to a new all-time high.
Volume: 1.119M Avg Volume: 544.386K
BUY POINT: $58.45 Volume=800K Target=$67.50 Stop=$56.65
POSITION: TUY CL - Mar. $60c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/plce.html
Downside:
Play Date: 09/14/2006
APA (Apache--$63.46; -1.05; optionable): Oil and gas
http://biz.yahoo.com/p/a/apa.html
STATUS: Put. After a one-day respite from the selling the energy stocks were getting beaten up again. APA bounced Tuesday and Wednesday from a sharp early September drop, but it stalled at the 10 day EMA (64.66) and turned back over on very strong volume Wednesday. Money flow is in a straight dive. Looking to move in as APA continues lower. A move to the target lands a 41%ish gain.
Volume: 5.628M Avg Volume: 3.542M
BUY POINT: $63.21 Volume=3.5M Target=$60.50 Stop=$64.11
POSITION: APA VQ - Oct. $65p (-41 delta)
http://www.investmenthouse.com/ci/apa.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 pick
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