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stock ticker, stock recommendation
Begin part 3 of 3
THE PLAYS
Good Movers: AKAM; BEAV; JCP; NYX; PFWD
Thursday night play results:
ATPG: Took a low volume breather Friday following the strong Thursday move
AXTI: Gapped higher but reversed on the session. Still holding the 10 day EMA
HMSY: Faltered some and slipped through the 18 day EMA
PLXT: Rallied but no volume with it.
New Plays:
Upside:
Play Date: 11/11/2006
CNH (CNH Global--$28.55; +0.35; optionable): Farm & construction machinery
http://biz.yahoo.com/p/c/cnh.html
STATUS: Test breakout. CNH broke higher from a cup with handle base a week back, rallying out of its 6 month cup with handle pattern on strong volume. Strong move Wednesday tried to extend the move, but Thursday it tested back. Holding above the 10 day EMA (27.77) on the test and looking to move in as volume and the stock price rally again. Strong money flow is leading higher. A company sporting some of the top earnings growth rates in the market along with the solid pattern.
Volume: 126.2K Avg Volume: 313.217K
BUY POINT: $28.92 Volume=470K Target=$34.75 Stop=$27.65
POSITION: CNH CE - Mar. $25c (78 delta, low OI) &/or Stock
http://www.investmenthouse.com/cd/cnh.html
Play Date: 11/11/2006
GYMB (Gymboree--$46.97; +1.04; optionable): Kids apparel stores
http://biz.yahoo.com/p/g/gymb.html
EARNINGS: 11-15-06 after the close.
STATUS: Flying plateau. GYMB is another retailer that has enjoyed a good run, gapping higher in September out of a 13 week cup with handle base. It tested and bounced higher in mid-October and then fell into the current 5 week lateral move, holding the 18 day EMA (45.88) as support. Low volume last week as it worked quietly in its lateral range. Earnings are out on Wednesday, so it is a more aggressive play. Like the fact that it has worked laterally ahead of the results and has not built up a big move just ahead of earnings. Looking for some better volume as it makes its move.
Volume: 564.618K Avg Volume: 1.025M
BUY POINT: $47.69 Volume=1.5M Target=$56.95 Stop=$45.68
POSITION: GQU BI - Feb. $45c (56 delta) &/or Stock
http://www.investmenthouse.com/cd/gymb.html
Play Date: 11/11/2006
QGEN (Qiagen--$16.00; +0.15; optionable): Biotechnology
http://biz.yahoo.com/p/q/qgen.html
EARNINGS: 11-14-06 after the close
STATUS: Breakout test. QGEN broke higher in late September from a 7 month reverse head and shoulders base, rallying to just over 16 on the initial break. It then fell into the current 6 week ascending triangle that is consolidating that move. This kind of base on base pattern typically yields stronger runs, kind of a double shakeout. Ready to move to a new 4 year high on the breakout. Want to see the volume move with it.
Volume: 378.086K Avg Volume: 243.294K
BUY POINT: $16.27 Volume=360K Target=$19.65 Stop=$15.57
POSITION: QXE BC - Feb. $15c (65 delta, 56 OI) &/or Stock
http://www.investmenthouse.com/cd/qgen.html
New buy points on current positions:
Play Date: 11/11/2006
AKAM (Akamai Technologies--$50.07; +2.05; optionable): Internet content delivery and business processes
http://biz.yahoo.com/p/a/akam.html
STATUS: Double bottom w/handle. I am not sure what the heck Akamai means, but its ticker symbol in the market means leader. AKAM is setting up well for yet another run, forming a short but sweet 6 week base using the key support at the 50 day EMA (46.50) for the lows. Love to see a strong stock use the 50 day as support after a good run. Solid 3 to 1 accumulation in the pattern (3 up price weeks on rising volume to 1 down price weeks on rising volume) shows plenty of buying during the consolidation to once more break AKAM higher to a six year high. Suffered a distribution session Thursday after gapping higher and reversing. Nice recovery session Friday on above average volume complementing a strong Tuesday upside session.
Volume: 7.488M Avg Volume: 5.137M
BUY POINT: $50.75 Volume=7.5M Target=$60.95 Stop=$48.21
POSITION: UMU BJ - Feb. $50c (55 delta) &/or Stock
http://www.investmenthouse.com/cd/akam.html
Play Date: 11/11/2006
MA (MasterCard--$89.20; +1.00; optionable): Credit services, etc.
http://biz.yahoo.com/p/m/ma.html
STATUS: Test breakout. After that tremendous surge thus far this month MA is coming back to test on falling though still strong volume. It is holding well above the 10 day EMA (86.17) as it showed a doji on Friday, indicating the pullback is slowing and readying for the turn back up. We want to be ready to move back in and ride the next run when it starts the rebound this week.
Volume: 2.854M Avg Volume: 2.298M
BUY POINT: $90.11 Volume=3M Target=$100.00 Stop=$87.55
POSITION: MA AR - Jan. $90c (57 delta)
http://www.investmenthouse.com/cd/ma.html
Play Date: 11/11/2006
NVEC (NVE Corp.--$41.33; +1.00; no options): Nanotechnology (spintronics)
http://biz.yahoo.com/p/n/nvec.html
STATUS: Breakout test. NVEC came to life in July after a one-year dormancy and we rode that to a nice gain. It formed a 5 week cup and broke higher again in mid-October and we are currently riding that move. Now it has worked laterally the past 4 weeks and the 18 day EMA (39.41) has risen to meet it. Low volume the past two weeks as the pattern tightens. Looking to move in on a strong bounce in volume accompanied by a price jump through the buy point.
Volume: 525.85K Avg Volume: 896.341K
BUY POINT: $41.89 Volume=1.1M Target=$50.45 Stop=$39.33
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/nvec.html
SUBCRIBER WATCHLIST
HITT: A market leader through mid-October, rallying basically at a 45 degree climb since coming public in July 2005. It stumbled in October, then gapped sharply lower to end the month. It has found some support at 32 where it found bottom in July. It is trying to do the same here, but given the sharp and long drop it will likely need more time before it is ready to start a new strong rally.
SUBSCRIBER PORTFOLIO: These are stocks subscribers suggest by vote that we put in a portfolio to track and move into the stocks if they perform well. If you have any suggestions for additions or deletions, email us. We don't cover them all each report, just when something interesting is developing.
AAPL, AKAM, CELG, DRIV, GME, GOOG, ISE, MA, MRVL, NVDA, WEBX
DRIV: Nice test of the 10 day EMA as DRIV takes a breather. Looks ready to make another run from here.
GME: Very nice doji at the 18 day EMA on solid volume Friday. Has stair-stepped up off of this level and looking to do the same here.
GOOG: Nice tight doji at the 10 day EMA Friday. GOOG is ready to move higher.
ISE: Nice recovery on volume back above the 50 day EMA.
MRVL: Trying to hold the break over the trendline, coming back Thursday but holding Friday and ready to try another bounce.
Good Investing!
Jon L. Johnson and The Daily Staff
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 of 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 ticker
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