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stock recommendation, stock pick
Begin part 3 of 3
THE PLAYS
Good Movers: AAPL; AEPS; CVD; GIGM; GYMB; HYSL; LIFC; MDRX; MOLX; OPSW; PLCE; TWGP; VSEA; APA
Tuesday night play results:
ATK: Starting the move but needs more volume.
GYMB: Strong break higher
HANS: Gapped higher but could not hold the move, posting a modest loss
HOV: Another reach lower and recovery, holding the 90 day MA
MDRX: Nice volume continues as MDRX breaks higher
New Plays:
Upside:
Play Date: 09/20/2006
AGE (A.G. Edwards--$55.71; +1.50; optionable): Investment brokerage
http://biz.yahoo.com/p/a/age.html
STATUS: Ascending triangle. Strong volume Wednesday as AGE broke higher out of a 14 week triangle that formed making higher lows along the 90 day MA (52.77). It rallied a week back, then made a higher low at the 10 day EMA (54.13). The MS earnings helped the entire sector, aiding AGE in its breakout. Solid 4 to 2 accumulation in the pattern shows plenty of buying to send it on the breakout and a run higher. Looking to move in as AGE continues its breakout move.
Volume: 704K Avg Volume: 436.102K
BUY POINT: $56.25 Volume=450K Target=$63.95 Stop=$54.00
POSITION: AGE AK - Jan. $55c (59 delta) &/or Stock
http://www.investmenthouse.com/ci/age.html
Play Date: 09/20/2006
ASML (ASML Holdings--$22.58; +0.28; optionable): Semiconductor equipment
http://biz.yahoo.com/p/a/asml.html
STATUS: Double bottom w/handle. Easing back on low, below average volume the past week, tapping at the 18 day EMA (22.02) Tuesday and then rebounding modestly Wednesday but on continued low trade. It did not participate in the big move but then again, many semiconductors sat it out as they continued to test their moves that started the last leg higher. Nice 8 month base has set up, and this low volume fade is a good shakeout after the strong volume break higher to start the month. Strong money flow is heading higher, leading the price even as it pulls back in this handle. Strong 11 to 4 accumulation shows solid buying during the consolidation. Just waiting for volume to jump back up as ASML makes its rebound move.
Volume: 1.592M Avg Volume: 2.547M
BUY POINT: $22.78 Volume=3.2M Target=$26.35 Stop=$22.11
POSITION: MFQ AX - Jan. $22.50c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/asml.html
Play Date: 09/20/2006
BIDU (Baidu.com--$86.50; +1.39; optionable): Chinese interactive internet
http://biz.yahoo.com/p/b/bidu.html
STATUS: Cup w/handle. No splits in its history, and not getting a lot of info on it, but it is approaching $100 and it is set up well. After jumping higher last week to form the right side of its 9 week base. It Monday it peaked and closed well off its high, then faded back tot eh 10 day EMA (84.06) on the Tuesday and Wednesday lows. Nice low volume Wednesday as it tested and rebounded for a gain. Looking to pick BIDU up as it rebounds on rising volume. It can run like the wind when it gets moving.
Volume: 1.54M Avg Volume: 2.22M
BUY POINT: $87.22 Volume=3M Target=$99.75 Stop=$84.00
POSITION: BDQ LR - Dec. $90c (50 delta)
http://www.investmenthouse.com/ci/bidu.html
Play Date: 09/20/2006
CHINA (CDC Corp.--$5.79; +0.21; optionable): Enterprise software, mobile applications, and online games in China
http://biz.yahoo.com/p/c/china.html
STATUS: Flying plateau. Nice break higher Wednesday on strong volume as CHINA cleared a 3 week lateral move over the 10 day EMA (5.55). This acted as the consolidation of the mid-August breakout from a 5.5 month flat base. Solid 2 to 0 accumulation in the short consolidation pattern with money flow surging higher. Looking to step in as CHINA continues its run higher.
Volume: 2.831M Avg Volume: 1.183M
BUY POINT: $5.87 Volume=1.2M Target=$7.10 Stop=$5.55
POSITION: UIH AA - Jan. $5c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/china.html
Play Date: 09/20/2006
EZPW (Ezcorp--$39.35; +0.66; optionable): Pawn shops
http://biz.yahoo.com/p/e/ezpw.html
STATUS: Test 50 day EMA. Taking another look at EZPW as it has tested and set up the next move quite well. EZPW is forming something of a short 8 week double bottom over the 90 day MA (36.40), making a higher low this week at the 50 day EMA (37.96), tapping that on the Wednesday low and rebounding for a gain. There is minor resistance at 40, and we are looking at moving into the play when it clears that level on some rising trade. Positive accumulation in the short base. Looking for another good volume jump as it showed on Monday to move in.
Volume: 358.626K Avg Volume: 511.38K
BUY POINT: $40.05 Volume=767K Target=$46.00 Stop=$37.89
POSITION: ULP CH - Mar. $40c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/ezpw.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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