us stock market, stock recommendation

Begin part 3 of 3

THE PLAYS

Good movers: AKAM; BMRN; BWS; CEPH; CXW; DIGE; EZPW; ICE; MA; NTGR; NUE; PCU; SMSC; SPIL

Weekend play results:
DIGE: Solid break higher
DTSI: Doji after that strong move so we were not biting
NTGR: Nice rebound on some solid trade
SEIC: Solid move off 50 day EMA
FFIV: Started the bounce but no volume

New Plays:

Upside:

Play Date: 11/06/2006
CBG (CB Richard Ellis--$29.26; +0.87; optionable): Property management
http://biz.yahoo.com/p/c/cbg.html
STATUS: Test breakout. Big breakout from a 6 month reverse head and shoulders base in late October that took CBG back to its May high (29.30 closing). It tried to extend the move on Halloween but faded to start the month along with most stocks. It held near support at the 10 day EMA (28.17), however, working laterally. Monday it was up again, but volume did not follow it. Excellent money flow is leading higher as CBG, a top earnings grower in the market, sets up for a run to a new high. Excellent pattern and excellent action ready to take it higher.
Volume: 1.326M Avg Volume: 2.044M
BUY POINT: $29.88 Volume=2.4M Target=$35.95 Stop=$28.08
POSITION: CBG CF - Mar. $30c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/cbg.html

Play Date: 11/06/2006
CRM (Salesforce.com--$42.01; +1.53; optionable): On-demand customer relationship management
http://biz.yahoo.com/p/c/crm.html
STATUS: Reverse head and shoulders. Taking another look at CRM after it tested the 50 day EMA (37.33) to start the month and then rebounding the past two sessions on a solid shot of rising, above average volume. This move has taken CRM back to the neckline in the 10 month base. Strong money flow is leading higher and CRM looks ready to follow it. Solid pattern, solid market leader.
Volume: 2.167M Avg Volume: 2.003M
BUY POINT: $42.34 Volume=3M Target=$49.95 Stop=$39.68
POSITION: CRM BH - Feb. $40c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/crm.html

Play Date: 11/06/2006
HOLX (Hologic--$48.00; +0.36; optionable): Medical appliances
http://biz.yahoo.com/p/h/holx.html
STATUS: Double bottom w/handle. Taking another run at HOLX. It weakened some in late October as it formed a new handle to its 7 month base, sliding through the 18 day EMA (47.73) to start the month. Low volume as it works on the handle, a good sign there is no heavy selling. Excellent money flow continues to lead higher. Just going to be patient, let it finish this test over the 200 day SMA (46.35) and show us the breakout.
Volume: 524.925K Avg Volume: 933.654K
BUY POINT: $49.21 Volume=1.4M Target=$56.95 Stop=$46.57
POSITION: QHX CJ - Mar. $50c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/holx.html

Play Date: 11/06/2006
SCHW (Charles Schwab--$19.00; +1.01; optionable): Investment brokerage
http://biz.yahoo.com/p/s/schw.html
STATUS: Breakout. SCHW blasted higher Monday as it moved out of its 6 month cup with handle base on a strong shot of volume. Strong 9 to 5 accumulation shows plenty of buying (9 up price weeks on rising volume to 5 down price weeks on rising volume) that sets the stage for the breakout and subsequent run. Strong money flow is a good complement. Looking to take some positions on the further move and then adding to positions on the first successful test.
Volume: 13.268M Avg Volume: 6.447M
BUY POINT: $19.12 Volume=6.5M Target=$22.45 Stop=$17.95
POSITION: SHQ CW - Mar. $17.50c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/schw.html

Play Date: 11/06/2006
VOL (Volt Information Science--$41.43; +1.27; no options): Staffing, telecom services
http://biz.yahoo.com/p/v/vol.html
STATUS: Cup. VOL is working through an 18 week base. It rallied off the lows in October and then slipped into the current three week lateral move above the 50 day EMA (39.09), setting up for its next move higher. Has rallied Friday and Monday, but volume remained low. Looking for that volume to break higher as VOL moves through the resistance.
Volume: 196.5K Avg Volume: 340.551K
BUY POINT: $41.98 Volume=400K Target=$49.95 Stop=$39.95
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/vol.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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