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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers: ADS; AKAM; BRCM; CERN; CRM; CTRP; ICE; PMTI; SPIL
Monday night play results:
CBG: Solid volume as it continues higher
CRM: Nice price gain, nice volume.
HOLX: Broke higher on volume but closed flat.
SCHW: Took a breather after that strong Monday move
VOL: Doji on the 90 day MA after that solid Monday price move.
New Plays:
Upside:
Play Date: 11/07/2006
BOBJ (Business Objects--$37.07; +0.85; optionable): Business intelligence software
http://biz.yahoo.com/p/b/bobj.html
STATUS: Cup w/handle. Strong volume Tuesday as BOBJ gapped up on the four week handle to its 10 month base, bumping the breakout but unable to consummate the deal. Positive accumulation, good money flow leading higher. Reported earnings on 10-25-06 and gapped higher; now looking to expand on that with the breakout.
Volume: 3.771M Avg Volume: 2.315M
BUY POINT: $37.88 Volume=3M Target=$45.45 Stop=$35.78
POSITION: BBQ DG - Apr. $35c (66 delta) &/or Stock
http://www.investmenthouse.com/ci/bobj.html
Play Date: 11/07/2006
GILD (Gilead Sciences--$69.75; +0.93; optionable): Biotechnology
http://biz.yahoo.com/p/g/gild.html
STATUS: Ascending base. GILD enjoyed a good breakout in September, but then crashed back in early October on its acquisition of MYGN. It recovered to the September high and is now working in a 3 week lateral move. Started to bounce and is starting to break to a new all-time high. Needs to see some more volume as it continues on and makes the break.
Volume: 3.305M Avg Volume: 3.783M
BUY POINT: $70.11 Volume=5M Target=$79.90 Stop=$67.78
POSITION: GDQ BN - Feb. $70c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/gild.html
Continuing plays ready to move:
Play Date: 11/02/2006
AMT (American Tower--$37.62; +0.23; optionable): Cell towers
http://biz.yahoo.com/p/a/amt.html
STATUS: Test 50 day EMA. AMT is still working laterally, consolidating the modest September and October move higher out of a 4 month cup with handle base. It has formed a short double bottom with handle base over the 50 day EMA (36.24), making a higher low at the 10 day EMA (36.93) and looking for a new breakout. Volume is rising; need to see it really jump higher with the price break.
Volume: 2.013M Avg Volume: 2.182M
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: 10/28/2006
LH (Laboratory Corp.--$68.46; +1.02; optionable): Medical Labs
http://biz.yahoo.com/p/l/lh.html
STATUS: Cup w/handle. Gapped higher Tuesday but volume remained in the same range below average. A solid 10 week base setting up to send this strong leader to a new all-time high. Just need to see the volume.
Volume: 971.1K Avg Volume: 1.159M
BUY POINT: $68.80 Volume=1.5M Target=$78.75 Stop=$67.22
POSITION: LH BB - Feb. $67.50c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/lh.html
Play Date: 10/30/2006
QLGC (Qlogic--$20.60; +0.41; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/q/qlgc.html
EARNINGS: Reported 10-24-06
STATUS: Breakout test. Volume was up along with price but QLGC struggled to put the break in bed. Still solid, still ready to move in. To recap: Coming back on lower volume as QLGC tests the late October gap higher on strong earnings results. That move took it out of a 6 month cup with handle base it has spent the past week coming back to test. It shows it has the earnings and the accumulation behind it so logically we like this rebound play.
Volume: 2.967M Avg Volume: 2.347M
BUY POINT: $20.64 Volume=3M Target=$24.65 Stop=$19.88
POSITION: QLC DD - Apr. $20c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/qlgc.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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