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stock recommendation, stock investment information
Begin Part 2 of 2
THE PLAYS:
Good movers: Breakouts: VRST and ALOY! Also, EMLX, which remains a buy up to 43 on this move, with volume continuing to push higher though it received a 'valuation' downgrade after hours. Puts: VZ shot up today, heading for the 50 day MVA on higher volume. It may not break the resistance, but is now over a point away from support we were looking for it to break for the put play. We will see if it heads back down from the 50 day.
Continued Plays: AZPN still looks good in the lateral portion of the ascending wedge. See last night's report.
ETM (Entercom--$49.75; +2.19; optionable): Media
http://biz.yahoo.com/p/e/etm.html
STATUS: A strong shot of volume and the stock was up to close at resistance (the handle high in its 6-month cup base). Looking for the breakout; volume was strongly above average at 281,600 (avg. 224,000). The stock used the 18 day MVA Wednesday for a small move up, but today's volume surge allowed the stronger move. Target: 60. Good money flow and buying.
BUY POINT: Breakout: 50.13 on minimum breakout volume of 336,000 or higher. Stop: 46.64 (7%)
POSITION: Stock and/or March $45 calls to buy (ETM CI).
http://www.investmenthouse.com/ct/etm.html
BRCD (Brocade--$34.55; +1.06; optionable): Computer Peripherals
http://biz.yahoo.com/p/b/brcd.html
STATUS: After failing to hold a move over the 18 day MVA Wednesday, BRCD was back over that resistance and held the move, with the help of rising volume (9.6 million; avg. 18.4 million). The stock tapped another level of resistance on the move at 35, but with a hold of the 18 day MVA and increasing volume, we continue to look for BRCD to move up toward our initial target at 39-40. It is from that that level that the stock moved down for 6 days before hitting the 50 day MVA, which has bounced it back up.
BUY POINT: For a break of resistance: 35, on volume in the range of 16 million+. Stop: 32.55 (7%)
POSITION: Stock and/or April $30 calls to buy (UBF DF).
http://www.investmenthouse.com/ct/brcd.html
AFCO (Applied Films--$30.24; +1.99; optionable): Semiconductor
http://biz.yahoo.com/p/a/afco.html
STATUS: AFCO hit the 50 day MVA (currently at 26.28) 4 days ago and started its bounce Wednesday with volume rising sharply. The stock continued the move Thursday, breaking through the 18 day MVA (29.01) but volume pulled back slightly to 219,400 (avg. 208,500). AFCO is in the handle to a 14-month cup with handle, with the handle pullback steeper than we usually like to see. Thus, the stock has to move another two and a half points to reach the buy point (34.60) so that will be the initial target on this move up. Once there, the stock may give a slight pullback move before making its breakout. Target on that move: 42. Strong money flow and buying.
BUY POINT: Aggressive: 30.45 on above average volume. Stop: 28.32 (7%). Breakout: 34.60 on volume of 313,000 or higher. Stop: 32.18 (7%)
POSITION: Stock and/or April $30 calls to buy (UOF DF).
http://www.investmenthouse.com/ct/afco.html
New:
BLDP (Ballard Power--$29.70; +1.22; optionable): Manufacturing
http://biz.yahoo.com/p/b/bldp.html
STATUS: Deep in a 22-month base but off the lows (near14) and after moving back over the 50 day MVA in October. Since that time BLDP has traced an ascending wedge-type pattern with support at an up trendline connecting the November and December lows. Volume is below average and falling this month, but was up a bit sharply Thursday on a move up from that trendline (465,300; avg. 983,000). The stock broke above the 18 day MVA (29.20) on the move; look for a breakout over the pattern high at 32.63. Showing strong money flow. Target: initially, the 200 day MVA at 36.15.
BUY POINT: Aggressive: 30.20 on continued rising volume. Stop: 28.09(7%) Breakout: 32.76 on volume of 1.3 million or higher. Stop: 30.47 (7%)
POSITION: Stock and/or February $25 calls to buy (DUJ BE).
http://www.investmenthouse.com/ct/bldp.html
New upside:
MIL (Millipore--$60.39; +0.26; optionable): Scientific & Technical Instruments
http://biz.yahoo.com/p/m/mil.html
STATUS: Moving in a more or less lateral pattern above support of the 18 day MVA, at the 60 level. The stock is off the highs at the start of a 5-month double bottom (66-67 range) that is part of a larger, 19-month base, and is moving in a handle on low volume (slightly higher Thursday at 170,100; avg. 285,000). Looking for a move up and breakout over the handle high, with aggressive positions considered on a move out of this lateral part of the handle. Money flow looks good. Target: 76 on a breakout from the cup with handle.
BUY POINT: Aggressive: 61 on volume of 230,000 or higher. Stop: 56.73 (7%). Breakout: 63.49 on volume of 428,000 or higher. Stop: 59.05 (7%)
POSITION: Stock and/or April $55 calls to buy (MIL DK).
http://www.investmenthouse.com/ct/mil.html
MOSY (Monolithic Sys--$20.69; +2.44; optionable): Telecom
http://biz.yahoo.com/p/m/mosy.html
STATUS: Making a strong move over the previous 2 days and looks ready to break to a new high. This is a new issue (from August) that ran to a December high at 21.24 then pulled back to test the 50 day MVA over the course of 2 weeks. From there the stock lunged for these 2 days, with volume reaching Thursday 901,300 (avg. 478,500). Looking for the breakout over the high. Huge money flow and buying. Target: 25
BUY POINT: Aggressive: 20.75 on continued strong volume. Stop: 19.30 (7%). Breakout: 21.30 on continued strong volume. Stop: 19.81 (7%).
POSITION: Stock and/or February $20 calls to buy (QST BD). No deltas available, and 0 open interests.
http://www.investmenthouse.com/ct/mosy.html
Previously covered:
IGEN (Igen Intl--$40.52; +2.02; optionable): Scientific & Technical Instruments
http://biz.yahoo.com/p/i/igen.html
STATUS: Making a nice bounce from the 10 day MVA (38.20) with volume up and strong at 382,700 (avg. 226,363). The stock broke out of a base mid-November, tested back to the 50 day MVA for a nice run up from that support, and this is its first bounce after the test. Looking for a move over the December high at 41.15. Target: 47. Strong money flow and buying.
BUY POINT: Aggressive: 40.60 on continued strong volume. Stop: 37.76 (7%)
POSITION: Stock and/or February $35 calls to buy (GQ BG).
http://www.investmenthouse.com/cd/igen.html
For a review of frequently asked questions, please use the link below:
http://www.investmenthouse.com/1questions.htm
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Account Executive
800-322-0940
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rfitzgerald@esignal.com
Good Investing!
Jon L. Johnson and the Technical Traders 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 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 investment information
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