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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good Movers: AOB; HOC; MA
Tuesday night play results:
AQNT: Still in the pattern
EPIC: Fell below the 18 day EMA and out of the consolidation but volume was very low
PMTI: Still in the pullback
SPIL: Down to the 50 day EMA on rising trade.
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/cd/amgn.html
Play Date: 11/01/2006
ALXN (Alexion Pharmaceuticals--$38.57; +1.21; optionable): Drugs
http://biz.yahoo.com/p/a/alxn.html
EARNINGS: Announced 11-1-06 before the open
STATUS: Cup w/handle. Solid volume Wednesday as ALXN bumped up against the breakout of its 8 month base. Looking for a six-year high on the breakout it just couldn't quite make on Wednesday. Solid money flow is leading the way higher.
Volume: 1.198M Avg Volume: 423.398K
BUY POINT: $39.05 Volume=635K Target=$44.95 Stop=$37.15
POSITION: XQN BH - Feb. $40c (51 delta) &/or Stock
http://www.investmenthouse.com/cd/alxn.html
Play Date: 11/01/2006
NUVA (Nuvasive--$23.01; -0.50; optionable): Medical instruments
http://biz.yahoo.com/p/n/nuva.html
EARNINGS: Announced 10-25-06
STATUS: Test breakout. Nice test of the 18 day EMA (22.80) the past two weeks after the solid breakout from the 8 month cup with handle base. The move took NUVA to a new high and now it is testing, setting up for a continued run.
Volume: 250.39K Avg Volume: 314.117K
BUY POINT: $23.85 Volume=375K Target=$28.45 Stop=$22.65
POSITION: QNU CX - Mar. $22.50c (56 delta, 74 OI) &/or Stock
http://www.investmenthouse.com/cd/nuva.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/cd/vclk.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: Still testing the 50 day EMA on low volume.
CELG: Took the day off after gapping higher on the news of the addition to the SP500.
GME: Fading some but holding up overall on low volume as it consolidates the October break higher.
ISE: High volume break below the 18 day EMA. May have to test the 50 day near 47 before it is ready to resume.
MA: That was a gap higher.
MRVL: Turned down from the 90 day, the point that stalled it in September.
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 investment information
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