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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: BRCM; BMRN; DJO; HMSY; JCP; MA; NYX; PLCE; VLCK
Wednesday night play results:
AMGN: Gapped lower but a solid recovery to flat. Still set to go.
DJO: Gapped higher and ran up to 42 on volume. Still a buy on this move.
GLDN: Still testing, holding the 18 day EMA
VCLK: Strong price surge on strong volume.
New Plays:
Upside:
Play Date: 11/02/2006
AMT (American Tower--$37.05; +1.05; optionable): Telecom towers
http://biz.yahoo.com/p/a/amt.html
EARNINGS: 11-6-06 (not confirmed)
STATUS: Test 50 day EMA. Broke out from a 3.5 month cup with handle base in August and rallied up the 18 day EMA (36.63). It peaked at 38 mid-October and then tested, coming back to the 50 day EMA (36.10) the past two weeks. Showing some very strong volume on the upside sessions, Thursday being one. Like that strong upside buying and ready to move in even ahead of earnings if it can show us the move.
Volume: 3.069M Avg Volume: 2.235M
BUY POINT: $37.75 Volume=3M Target=$43.95 Stop=$35.88
POSITION: AMT DU - Apr. $37.50c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/amt.html
Play Date: 11/02/2006
CERN (Cerner--$48.26; +0.26; optionable): Healthcare information services
http://biz.yahoo.com/p/c/cern.html
EARNINGS: Announced 10-19-60
STATUS: Reverse head and shoulders. CERN is bumping up against the breakout to its 10 month base. Nicely formed up, and it ran higher in mid-October on the earnings report. Stalled out some the past three sessions and we are looking for this action to lead into the buy point for us.
Volume: 533.006K Avg Volume: 564.647K
BUY POINT: $48.78 Volume=600K Target=$56.48 Stop=$46.95
POSITION: CQN CW - Mar. $47.50c (60 delta) &/or Stock
http://www.investmenthouse.com/ci/cern.html
Play Date: 11/02/2006
MTW (Manitowoc--$52.75; -0.20; optionable): Farm and construction machinery
http://biz.yahoo.com/p/m/mtw.html
EARNINGS: announced 10-24-06
STATUS: Test breakout. Nice gap higher last week on earnings that took MTW out of its 6 month cup with handle base. It tapped the May high in the base on the moved and faded back to test this week, holding the 10 day EMA (52.54) Thursday, showing a doji on low, below average volume. Solid money flow continues higher, and we are looking for MTW to follow it back up after this breakout. Solid stock with some of the best earnings growth rates in the market.
Volume: 543.2K Avg Volume: 833.697K
BUY POINT: $55.44 Volume=1.3M Target=$66.48 Stop=$52.44
POSITION: MTW CK - Mar. $55c (48 delta, 61 OI) &/or Stock
http://www.investmenthouse.com/ci/mtw.html
Play Date: 11/02/2006
SKX (Skechers USA--$28.96; +0.16; optionable): Footwear and apparel
http://biz.yahoo.com/p/s/skx.html
EARNINGS: Announced 10-25-06
STATUS: Breakout test. SKX makes some pretty good shoes for kids; ours seem to like them. Super breakout on a strong gap last week as earnings were pretty much stellar. That took it out of a nicely formed 6 month cup with handle base and to a new 5 year high. Strong volume breakout, lower volume test; trade really fell off Thursday as it held the 10 day EMA (28.61). Looks as if this could be the point it holds for the continued move. Want to see the volume rebound as it does.
Volume: 358.9K Avg Volume: 422.567K
BUY POINT: $29.41 Volume=500K Target=$34.95 Stop=$28.48
POSITION: SKX DF - Apr. $30c (49 delta) &/or Stock
http://www.investmenthouse.com/ci/skx.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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trade stock
stock recommendation
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