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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers: HOC; IIG; MA
Tuesday night play results:
AQNT: Still testing, coming back to the 18 day EMA as it continues forming the handle
GRMN: Nasty gap lower. Guidance was good but revenues were missed a bit
PMTI: Still testing and on low volume. Good.
SPIL: Sold back to the 50 day EMA on a jump in volume. Will see if it can hold here.
New Plays:
Upside:
Play Date: 11/01/2006
AMGN (Amgen--$75.28; -0.63; optionable): Biotechnology
http://biz.yahoo.com/p/a/amgn.html
STATUS: Cup. AMGN is testing the 10 day EMA (75.05) and the September/November 2005 trendline after a nice gap higher last week. It is in a 12 month cup base, working its way up the right side of the pattern. Nice test of the 18 day EMA on the Wednesday low and a rebound to close on the trendline. Showing lots of strength and looking to move in as it rebounds through 76 and continues higher back toward the old high near 88.
Volume: 7.033M Avg Volume: 7.878M
BUY POINT: $76.72 Volume=10M Target=$87.95 Stop=$74.44
POSITION: YAA DO - Apr. $75c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/amgn.html
Play Date: 11/01/2006
DJO (DJ Orthopedics--$40.10; -0.13; optionable): Rehabilitation and regeneration products
http://biz.yahoo.com/p/d/djo.html
STATUS: Ascending triangle. DJO is making a higher low above the 50 day EMA (39.63), setting up for the breakout from its 6 month triangle and on to a new all-time high. Very solid pattern with a constant top near 42. Looking for volume to jump in a bit before that move and then again on a break over 42 on some more strong trade.
Volume: 221K Avg Volume: 205.021K
BUY POINT: $41.21 Volume=280K Target=$48.75 Stop=$38.95
POSITION: DJO CH - Mar. $40c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/djo.html
Play Date: 11/01/2006
GLDN (Golden Telecom--$36.35; -0.66; optionable): Russian wireless telecom
http://biz.yahoo.com/p/g/gldn.html
STATUS: Breakout test. GLDN is testing the 18 day EMA (36.14), coming back on lower volume to test the early October breakout from a 21 week cup with handle base. The move took GLDN to a 5 year high (it came public 6 years back) and now it is coming back to test along with the market. Looking for it to hold near this near support level and rebound on rising trade.
Volume: 221.164K Avg Volume: 89.721K
BUY POINT: $37.22 Volume=245K Target=$44.45 Stop=$35.88
POSITION: QDV CG - Mar. $35c (58 delta, no OI) &/or Stock
http://www.investmenthouse.com/ci/gldn.html
Play Date: 11/01/2006
VCLK (Valueclick--$18.86; +0.06; optionable): Online marketing services
http://biz.yahoo.com/p/v/vclk.html
EARNINGS: Reported after the close Wednesday
STATUS: Reverse head and shoulders. VCLK broke sharply higher last Thursday on strong volume, moving out of a 10 month base. It came back to test ahead of earnings, showing a high volume doji Wednesday that tapped at the 18 day EMA on the low and rebounded. After hours it reported solid earnings and was up, fading some late into the session. Looking for those earnings to carry it higher Thursday. It looks as if may open below our buy point and then build into it. Looking solid.
Volume: 2.977M Avg Volume: 1.617M
BUY POINT: $19.57 Volume=2.4M Target=$23.50 Stop=$18.38
POSITION: QCS CD - Mar. $20c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/vclk.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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