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stock recommendation, stock option
Begin part 3 of 3
THE PLAYS
Good movers: AAPL; BOBJ; CEPH; CTRP; HOC; JCP; LVS
Tuesday night play results:
BOBJ: Nice break out on strong volume
GILD: Held steady, not getting any democrat bounce
AMT: Holding steady.
LH: Tested back on continued below average volume
QLGC: Continued the Tuesday move.
New Plays:
Upside:
Play Date: 11/08/2006
CAM (Cooper Cameron--$53.18; +1.32; optionable): Oil and gas service company
http://biz.yahoo.com/p/c/cam.html
STATUS: Double bottom w/handle. Volume jumped above average Wednesday as CAM broke higher from a 7 month base that set up after hitting a new all-time high in that big May run higher by energy stocks and commodities. Took its time after that run to form a nice base, and the Wednesday move was a nice break higher over some resistance in the pattern. Solid action and ready to move in as it continues the move.
Volume: 3.034M Avg Volume: 2.179M
BUY POINT: $53.35 Volume=2.2M Target=$61.45 Stop=$51.22
POSITION: CAM BJ - Feb. $50c (69 delta) &/or Stock
http://www.investmenthouse.com/ci/cam.html
Play Date: 11/08/2006
PFWD (Phase Forward--$14.04; +0.50; optionable): Integrated enterprise-level software
http://biz.yahoo.com/p/p/pfwd.html
STATUS: Test breakout. Has been a bit volatile, but it won't quit, and has now set itself up in a nice base with a breakout and test under its belt. PFWD gapped higher two weeks back on strong earnings, moving out of a 21 month cup with handle base. Strong volume on the move and a test that came all the way back to fill the gap and then immediately recovered. Nice breakout to a new high and volume was up Wednesday as PFWD continued higher, resuming the breakout move. Ready to move in as it continues higher.
Volume: 240.654K Avg Volume: 167.695K
BUY POINT: $14.24 Volume=252K Target=$17.00 Stop=$13.24
POSITION: UTO DC - Apr. $15c (55 delta, low OI) &/or Stock
http://www.investmenthouse.com/ci/pfwd.html
Play Date: 11/08/2006
THQI (THQ, Inc.--$30.55; +1.86; optionable): Multimedia graphics software
http://biz.yahoo.com/p/t/thqi.html
STATUS: Test 50 day EMA. Nice breakout in early September from a 5 month cup with handle base took THQI to 32 in mid-October. It came back to test, then sold a bit more to start November in that selling. That took it to the 50 day EMA (28.82) Tuesday, but Wednesday it was full of fire as it rebounded to post a nice price gain on continued strong volume. Nice rebound off of key support, and looking to move in as it continues through the buy point.
Volume: 3.128M Avg Volume: 1.483M
BUY POINT: $31.38 Volume=2M Target=$37.72 Stop=$29.69
POSITION: QHI CF - Mar. $30c (60 delta) &/or Stock
http://www.investmenthouse.com/ci/thqi.html
Play Date: 11/08/2006
UCTT (Ultra Clean Holdings--$13.12; +0.12; no options): Semiconductors
http://biz.yahoo.com/p/u/uctt.html
STATUS: Test 18 day EMA. UCTT broke out in mid-September from a 7.5 month base. It came back to test, holding the 50 day EMA (11.40) and then starting its breakout run up the 18 day EMA (12.58). This is its second test of this near support, and a strong breakout typically yields 4 to 5 such bounces and tests. That leaves plenty of upside for UCTT on this move once it finishes this two week lateral consolidation. A new issue in Q1 of 2004, this breakout and run is its best thus far. Strong money flow and ready to make the next break higher on this breakout run.
Volume: 571.951K Avg Volume: 403.168K
BUY POINT: $13.42 Volume=600K Target=$16.21 Stop=$12.48
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/uctt.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 option
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