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stock recommendation, stock option
Begin part 3 of 3
THE PLAYS
Good movers: CBG; EZPW; FFIV; HOC; LVC; NUE; NYX; PCU
Wednesday night play results:
CAM: Good volume as it continued higher but closed off the high
PFWD: Edging higher on volume
THQI: Lower volume test of the 18 day EMA
UCTT: Still working laterally at the 10 day EMA
New Plays:
Upside:
Play Date: 11/09/2006
ANSS (Ansys--$49.34; -0.26; optionable): Engineering simulation software
http://biz.yahoo.com/p/a/anss.html
STATUS: Double bottom w/handle. Coming back the past week on lower and lower volume, testing the 10 day EMA (48.69) after a big gap higher to start the month. This last move took it up to the early August high, the 'hump' in the middle of the 7 month base that is setting ANSS up for another new high. Money flow is screaming higher ahead of the price, and this little low volume pullback is setting the price up to scream as well.
Volume: 227.794K Avg Volume: 236.483K
BUY POINT: $50.45 Volume=355K Target=$58.45 Stop=$48.55
POSITION: QUS AJ - Jan. $50c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/anss.html
Play Date: 11/09/2006
ATPG (ATP Oil & Gas--$44.39; +1.59; optionable): Independent oil and gas
http://biz.yahoo.com/p/a/atpg.html
STATUS: Cup w/handle. Volume surged Thursday as ATPG started the breakout move from its 6 month base. Really nice work the past three weeks, fading in a narrow range to test the 10 and 18 day EMA and forming the handle, the final shakeout before the breakout. Another excellent pattern that is breaking higher and we are ready to move in as it continues the breakout.
Volume: 859.185K Avg Volume: 290.432K
BUY POINT: $44.52 Volume=300K Target=$52.95 Stop=$42.08
POSITION: HKU CI - Mar. $45c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/atpg.html
Play Date: 11/09/2006
HMSY (HMS Holdings--$13.95; -0.05; no options): Cost containment services for government healthcare programs
http://biz.yahoo.com/p/h/hmsy.html
STATUS: Breakout test. Exploded higher to start the month on good earnings news, breaking out from an 8 week cup with handle base. It has come back the past week on lower volume to test, holding the 18 day EMA (13.94) with a big doji on Thursday. Volume jumped as it tested lower and recovered, an indication the buyers came back in at this key near term support. Looking for it to resume the upside breakout move and send it to a new 11 year high.
Volume: 315.728K Avg Volume: 244.38K
BUY POINT: $14.55 Volume=331K Target=$17.65 Stop=$13.53
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/hmsy.html
Play Date: 11/09/2006
LAZ (Lazard Ltd.--$42.95; -0.62; optionable): Asset management
http://biz.yahoo.com/p/l/laz.html
STATUS: Cup w/handle. Strong volume to start the month as LAZ rallied on earnings and a nice dividend. It has come back the past three sessions on very low volume, forming the handle to this nice 7 month base. Excellent 'first' base (a new issue in May 2005) is setting up a strong breakout. Nice action.
Volume: 263.6K Avg Volume: 370.002K
BUY POINT: $44.12 Volume=555K Target=$51.95 Stop=$42.22
POSITION: LAZ CH - Mar. $40c (64 delta) or LAZ CI - Mar. $45c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/laz.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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