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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good Movers: AEOS; APA; WFR
Monday night play results:
BHE: Test lower to support and a rebound. Set well after this shakeout
OPSW: Still set to go
PCP: Down hard to the 50 day EMA
VSEA: Used the pullback to test the 10 day EMA to start some positions
New Plays:
Upside:
Play Date: 09/19/2006
ATK (Alliant Techsystems--$81.37; +0.76; optionable): Aerospace/defense
http://biz.yahoo.com/p/a/atk.html
STATUS: Double bottom w/handle. Nice handle has formed the past week as ATK comes back to test near support at the 10 day EMA (80.25). Good set up for the breakout from its 18 week base. Nice price gain Tuesday but no volume yet. Very nice base that used the 200 day SMA (77.57) on the low as support, showing plenty of institutional interest. Solid accumulation and surging money flow leading the way higher.
Volume: 313.6K Avg Volume: 333.297K
BUY POINT: $82.08 Volume=500K Target=$92.00 Stop=$80.20
POSITION: ATK AP - Jan. $80c (64 delta) &/or Stock
http://www.investmenthouse.com/ci/atk.html
Play Date: 09/19/2006
GYMB (Gymboree--$35.87; -0.33; optionable): Children's apparel stores
http://biz.yahoo.com/p/g/gymb.html
STATUS: Cup w/handle. Nice handle forming the past week as GYMB moves laterally over the 10 day EMA (35.27), tapping at that support Tuesday and rebounding nicely. Low volume; the nice quiet action you want to see in the handle. Nice 12 week base that is just about ready to make the breakout to a new all-time high. Leader in its sector.
Volume: 683.31K Avg Volume: 949.48K
BUY POINT: $36.88 Volume=1.4M Target=$44.00 Stop=$35.11
POSITION: GQU BG - Feb. $35c (64 delta) &/or Stock
http://www.investmenthouse.com/ci/gymb.html
Play Date: 09/19/2006
HANS (Hansen Natural--$35.19; +1.99; optionable): Beverages (energy drinks, etc.)
http://biz.yahoo.com/p/h/hans.html
STATUS: Test 200 day SMA. HANS ran long and hard through July when it peaked just over 50. It faded and then gapped lower in early August. It has now set up a short 5 week double bottom, moving through the 200 day SMA (32.28) last week on strong volume. It has moved laterally over that level since, jumping higher once more Tuesday on stronger, above average volume. Looking to move in as it continues higher to fill the gap up at 40.
Volume: 10.065M Avg Volume: 7.329M
BUY POINT: $35.55 Volume=7.5M Target=$40.00 Stop=$33.74
POSITION: IBS KG - Nov. $35c (56 delta) or IBS BG - Feb. $35c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/hans.html
Play Date: 09/19/2006
HOV (Hovnanian Enterprises--$28.88; -0.42; optionable): Homebuilder
http://biz.yahoo.com/p/h/hov.html
STATUS: Test 50 day EMA. After a nasty drop from July 2005, HOV has moved laterally at the bottom of the range the past 2.5 months. It bounced up off the bottom to start the month, clearing the 50 day EMA (27.92) last week and then coming back to test on the Tuesday low and rebounding to hold the 90 day MA (28.65). Looking for it to continue the move, rebounding off this level and following the strong money flow higher.
Volume: 1.475M Avg Volume: 1.708M
BUY POINT: $29.65 Volume=1.8M Target=$34.75 Stop=$28.54
POSITION: HOV AF - Jan. $30c (50 delta) &/or Stock
http://www.investmenthouse.com/ci/hov.html
Play Date: 09/19/2006
MDRX (Allscripts Healthcare Sol.--$21.35; +0.42; optionable): Clinical software, etc. for the medical industry
http://biz.yahoo.com/p/m/mdrx.html
STATUS: Flying plateau. Moving laterally the past 6 weeks after a very strong move to start September that took MDRX out of its 24 week cup base. Nice run to 22, and now moving in a range from 20 to 22. Strong volume surge Tuesday as MDRX started higher. Closed off the high but looks ready to continue the run. Excellent 3 to 0 accumulation in the current move (3 up price weeks on rising volume to 0 down price weeks on rising volume) has set the move, and money flow is leading higher.
Volume: 2.425M Avg Volume: 712.726K
BUY POINT: $21.62 Volume=1.1M Target=$25.95 Stop=$20.44
POSITION: MXQ AD - Jan. $20c (64 delta) &/or Stock
http://www.investmenthouse.com/ci/mdrx.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 investment information
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