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stock recommendation, stock investment information
Begin part 3 of 3
Again we apologize for the delay tonight. Still waiting for the waters to crest and we had to round up all of the office equipment just in case.
THE PLAYS
Good movers: BRCM; CWTR; DRIV; KNOT; SMSC; UTSI; SMSI
Weekend play results:
ATVI: Faded back on lower volume to test and hold the 10 day EMA
CELG: Still a nice test of the 10 day, forming the handle
CHIC: Faded back after the strong Friday move on lower, average volume.
FFIV: Still testing, holding above the 10 day EMA. Looking good.
NVEC: Nice surge on volume though closed off its high.
ISE: Still working on the nice handle.
MDRX: Also still testing.
New Plays:
Upside:
Play Date: 10/16/2006
AQNT (Aquantive--$26.83; +1.16; optionable): Digital marketing services
http://biz.yahoo.com/p/a/aqnt.html
STATUS: Cup. AQNT is working through a 10 month cup base. It broke up through the 200 day SMA (24.65) to start the month, tested the 200 day last week, and then surged higher Monday, rallying up the right side of the pattern. Money flow is surging higher ahead of price and now price is starting to follow. Ready to move in as it continues toward a 6 year high.
Volume: 1.829M Avg Volume: 1.299M
BUY POINT: $27.05 Volume=1.4M Target=$32.48 Stop=$25.24
POSITION: QBT CE - Mar. $25c (68 delta) &/or Stock
http://www.investmenthouse.com/ci/aqnt.html
Play Date: 10/16/2006
EXPD (Expeditors Intl.--$48.40; +1.46; optionable): Air delivery & freight
http://biz.yahoo.com/p/e/expd.html
STATUS: Double bottom w/handle. Big winner through June, and it needed a rest. It fell into this 3.5 month base, bottoming in August and early September. It rallied then worked laterally into the first two weeks of October, setting up the breakout. Monday it started higher on rising, average trade. Want to see more volume as it continues this move higher and runs toward its prior high near 59.
Volume: 1.611M Avg Volume: 1.801M
BUY POINT: $48.65 Volume=2.4M Target=$57.45 Stop=$45.98
POSITION: URP BW - Feb. $47.50c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/expd.html
Play Date: 10/16/2006
LIFC (Lifecell--$31.67; +0.61; optionable): Biotechnology
http://biz.yahoo.com/p/l/lifc.html
STATUS: Ascending base. Working through a very nice 3.5 month base, making higher and higher lows up the 50 day EMA and 90 day MA (30.13, 29.12) as it bangs its head against a top at 32. Excellent 4 to 1 accumulation in the base shows mostly buying as it heads toward the breakout to a new all-time high. Strong leader ready to make its next run.
Volume: 578.425K Avg Volume: 736.72K
BUY POINT: $32.25 Volume=1.1M Target=$38.75 Stop=$29.98
POSITION: QKL CZ - Mar. $32.50c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/lifc.html
Play Date: 10/16/2006
SKX (Skechers USA--$26.88; +0.14; optionable): Footwear
http://biz.yahoo.com/p/s/skx.html
STATUS: Cup w/handle. SKX is working on the handle to its 6 month base after a nice surge higher to start the month that formed the right side of the pattern. It is working on a breakout to a 5 year high, not bad as the stock is just 5 years old. Solid pattern; just waiting for the breakout move on strong volume.
Volume: 192K Avg Volume: 409.558K
BUY POINT: $27.22 Volume=614K Target=$32.45 Stop=$25.88
POSITION: SKX AE - Jan. $25c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/skx.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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