|
|
stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good Movers: AKAM; BWS; CMG; COH; CMRG; FTEK; ICE; IO; NVDA; PNRA; SCSS
Monday night play results:
AEOS: Tried to continue the move but had no will behind it.
CMG: Jumped higher but volume was light even though it was coming in strong late in the session.
DIOD: Low volume test continues
NOVN: Still set for the breakout but no volume Tuesday
ICE: Moving higher off the 18 day EMA
New Plays:
Upside:
Play Date: 10/24/2006
AOB (American Oriental Bioengineering--$6.98; +0.34; optionable): Drugs
http://biz.yahoo.com/p/a/aob.html
STATUS: Cup w/handle. A big 12 month base has formed, the past three weeks a flat lateral move forming the handle over the 10 day EMA (6.68). Volume jumped this week, pushing AOB to the breakout Tuesday. Strong money flow is leading higher and relative strength is breaking out. Looks reayd to move.
Volume: 1.238M Avg Volume: 654.853K
BUY POINT: $7.11 Volume=700K Target=$8.75 Stop=$6.61
POSITION: AOB DU - Apr. $7.50c (55 delta) &/or Stock
http://www.investmenthouse.com/cd/aob.html
Play Date: 10/24/2006
BEAV (BE Aerospace--$24.46; +0.25; optionable):
http://biz.yahoo.com/p/b/beav.html
EARNINGS: 10-30-06 before the open
STATUS: Double bottom w/handle. Sweet lateral move the pat week, working over support at 24 as the 10 day EMA (23.87) rising to meet it this week. After a solid 6 month base, this looks like the little shakeout that is finally going to send it higher for the breakout and run higher. Strong money flow is up ahead of price. Looking for that break higher to move into the play.
Volume: 620.704K Avg Volume: 939.767K
BUY POINT: $25.26 Volume=1.4M Target=$29.00 Stop=$23.75
POSITION: BQV AE - Jan. $25c (54 delta) &/or Stock
http://www.investmenthouse.com/cd/beav.html
Play Date: 10/24/2006
IWM (Ishares Russell 2000--$75.90; +0.15; optionable)
http://biz.yahoo.com/p/i/iwm.html
STATUS: Cup w/handle. IWM is working on the 2 week handle to its 6 month base, fading back to the 10 day EMA (75.46) and holding that level on low volume this week. As we have noted, the small caps are forming up well for a breakout. We are just going to wait and let it break higher on volume. Our buy point is a bit aggressive, but if the volume is there we are ready to move in. A move to the target lands a 50%ish gain.
Volume: 30.507M Avg Volume: 45.353M
BUY POINT: $76.15 Volume=55M Target=$79.25 Stop=$75.25
POSITION: IOW AW - Jan. $75c (62 delta)
http://www.investmenthouse.com/cd/iwm.html
Play Date: 10/24/2006
SPTN (Spartan Stores--$20.49; +1.49; optionable): Regional retailing and distribution of groceries. Let's go make grocery!
http://biz.yahoo.com/p/s/sptn.html
EARNINGS: Reported 10-11-06
STATUS: Breakout test. SPTN broke out in August, rallied, and tested. It rallied to start this month, helped along by earnings on the eleventh. It spent the past week testing back to the 10 day EMA (19.35). Tuesday volume surged and so did SPTN. Looking to move in as it continues the strong breakout run.
Volume: 387.936K Avg Volume: 227.998K
BUY POINT: $20.85 Volume=265K Target=$25.38 Stop=$19.39
POSITION: QGH DD - Apr. $20c (61 delta, low OI) &/or Stock
http://www.investmenthouse.com/cd/sptn.html
SUBSCRIBER PORTFOLIO: These are stocks subscribers suggest by vote that we put in a portfolio to track and move into the stocks if they perform well. If you have any suggestions for additions or deletions, email us. We don't cover them all each report, just when something interesting is developing.
AAPL, AKAM, CELG, DRIV, GME, GOOG, ISE, MA, MRVL, NVDA, WEBX
AKAM: Sweet move on rising, above average volume.
CELG: Doji over the 90 day MA on rising volume. The test looks to be over.
GME: Still working laterally. It got the volume Tuesday when it sold back the low volume Monday move higher. Wrong side for the volume to be on.
GOOG: Took a breather.
ISE: Nice price move off the 10 day EMA. Looks to be ready for more.
MA: Still working laterally, looking better and better.
WEBX: Looks as if it found bottom here at the 50 day EMA, the same spot it held to start the month. A buy on a strong move over 39.
Good Investing!
Jon L. Johnson and The Daily Staff
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 of 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.
|
stock recommendation
stock investment information
|
