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stock recommendation, stock option
Begin part 3 of 3
Good Movers: BEAVA; BRCM; COH; IAAC; NICE; NVEC; SIGM; SMSI
Weekend play results:
GES: No volume
IAAC: Nice break higher
MA: Trying but not quite there
STLD: Announced a split, fell to the 10 day EMA
SUPX: Nice test still underway.
New Plays:
Upside:
Play Date: 10/30/2006
COL (Rockwell-Collins--$58.27; +0.37; optionable): Aerospace/defense
http://biz.yahoo.com/p/c/col.html
EARNINGS: 11-1-06 before the open
STATUS: Cup w/handle. Low, below average volume as COL continues to work laterally the past two weeks over the 10 day EMA (57.90). Nicely formed 6 month base that used the 200 day SMA (54.00) on the lows as support. Solid 6 to 4 accumulation in the base shows solid buying (6 up price weeks on rising volume to 4 down price weeks on rising volume). Money flow continues to move higher and we look for COL to make the breakout from this excellent pattern.
Volume: 568.6K Avg Volume: 693.755K
BUY POINT: $58.88 Volume=1M Target=$67.75 Stop=$57.24
POSITION: COL DL - Apr. $60c (52 delta) &/or Stock
http://www.investmenthouse.com/cd/col.html
Play Date: 10/30/2006
FCFS (First Cash Financial--$21.88; -0.29; no options): Credit services
http://biz.yahoo.com/p/f/fcfs.html
EARNINGS: Reported earnings 10-18-06
STATUS: Reverse head and shoulders. FCFS is bumping up against the breakout and a new all-time high, making what looks to be a higher low Monday with a tap toward the 18 day EMA (21.52) and a recovery to close above the 10 day. Nice, patient 6.5 month base from this stock that sports some of the top earnings growth rates in the market. Solid 6 to 4 accumulation in the base (6 up price weeks on rising volume to 4 down price weeks on rising volume) shows solid buying complemented by strong money flow rising ahead of price. Just waiting for the volume to jump as it makes the breakout move.
Volume: 196.079K Avg Volume: 306.548K
BUY POINT: $22.48 Volume=450K Target=$26.95 Stop=$21.35
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/fcfs.html
Play Date: 10/30/2006
JSDA (Jones Soda--$9.91; -0.28; no options): Soft drinks
http://biz.yahoo.com/p/j/jsda.html
STATUS: Cup w/handle. Working on a two week handle to its 22 week base, setting up nicely for the breakout toward a new all-time high. A new issue in November 2005, this is JSDA's first big base. Very nice action showing positive accumulation. Monday it reached down to the 18 day EMA on the low (9.55) and snapped back to close above the 10 day EMA. Good shakeout that you want to see during the handle formation. Now we just wait for the breakout move.
Volume: 320.524K Avg Volume: 223.854K
BUY POINT: $10.41 Volume=336K Target=$12.49 Stop=$9.68
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/jsda.html
Play Date: 10/30/2006
VTAL (Vital Images--$31.50; +0.86; optionable): Software
http://biz.yahoo.com/p/v/vtal.html
EARNINGS: 10-31-06 before the open
STATUS: Cup w/handle. Earnings are out before the open and volume was up Monday as VTAL moved off the 50 day EMA (30.15), setting up for the breakout from its 7 month base. Excellent action setting it up for a new all-time high. Looking for earnings to give it a boost higher and give us a buy point.
Volume: 215.8K Avg Volume: 130.291K
BUY POINT: $32.12 Volume=200K Target=$38.58 Stop=$30.05
POSITION: HXQ DF - Apr. $30c (65 delta) &/or Stock
http://www.investmenthouse.com/cd/vtal.html
Continuing plays ready to move:
Play Date: 10/21/2006
ULTI (Ultimate Software--$24.89; +1.02; no options): Internet software
http://biz.yahoo.com/p/u/ulti.html
EARNINGS: Reported 10-24-06
STATUS: Breakout test. ULTI surged out of a 5 month base in early October and then came back to test for two weeks, tapping at the 50 day EMA (23.36) on the low last week and bouncing. Volume rose Monday as it continued higher again. Excellent action that is ready to take it to a new all-time high.
Volume: 433.311K Avg Volume: 187.894K
BUY POINT: $25.12 Volume=287K Target=$29.95 Stop=$23.89
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/ulti.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
AAPL: Testing the 10 day EMA, holding that level for now.
CELG: Up after hours after a good session
ISE: Holding the 10 day EMA, looking ready to resume its move.
MA: Still looks ready
WEBX: Trying to hold the line at the 90 day MA.
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.
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stock recommendation
stock option
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