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us stock market, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: AAPL; ATHR; BMRN; CEPH; CRM; DRIV; HOC; ICE; IIG; MIKR; MA
Weekend play results:
AEOS: Gapped higher but could not turn the move
IVAC: Started higher but volume remained below average
VSEA: Moving higher off the 18 day EMA
AKAM: Held steady on lower, below average volume
MA: Strong move higher
NVEC: Ran higher but could not hold the move. Still ready to go.
New Plays:
Upside:
Play Date: 11/13/2006
FTEK (Fuel Tech--$23.70; +1.17; optionable): Air pollution control, process optimization
http://biz.yahoo.com/p/f/ftek.html
STATUS: Breakout test. FTEK jumped out of a 6 month reverse head and shoulders base in October and has rallied since. It is currently making its second test of that breakout, tapping at the 10 day EMA (21.77) on the Friday and Monday low and rebounding intraday. Monday it rebounded and put on a good move, looking to start the next bounce higher in the breakout run. A strong stock will make 4 to 5 bounces off the 10 or 18 day EMA before it needs a deeper test. That leaves FTEK plenty of room upside to continue the run and make us some good coin. Strong stock establishing itself as a market leader.
Volume: 423.415K Avg Volume: 295.446K
BUY POINT: $23.95 Volume=350K Target=$28.85 Stop=$22.02
POSITION: FQF CX - Mar. $22.50c (63 delta) &/or Stock
http://www.investmenthouse.com/ci/ftek.html
Play Date: 11/13/2006
SAY (Satyam Computer Services--$22.61; +0.72; optionable): IT services
http://biz.yahoo.com/p/s/say.html
STATUS: Cup w/handle breakout. Volume jumped back above average Monday as SAY started the breakout from a 7.5 month base. Moving to a new all-time high on that strong trade. SAY has moved into market leadership with some strong fundamentals growth rates on top of an excellent technical pattern. Ready to move in as SAY continues higher on more solid trade.
Volume: 1.578M Avg Volume: 1.008M
BUY POINT: $22.84 Volume=1.1M Target=$27.45 Stop=$21.54
POSITION: SAY DX - Apr. $22.50c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/say.html
Play Date: 11/13/2006
TNB (Thomas & Betts Corp--$52.20; +0.84; optionable): Electrical connectors, components for communications, etc.
http://biz.yahoo.com/p/t/tnb.html
STATUS: Reverse head and shoulders. Strong volume Friday and Monday as TNB got serious about its bounce off the 50 day EMA (49.60) that acted as support for the right 'shoulder' to its 6 month base. Positive accumulation to complement some solid fundamentals growth rates. Strong run in 2005 and it needed this base to rest and set up to rally again. Looks ready with this strong volume.
Volume: 507.3K Avg Volume: 478.695K
BUY POINT: $52.55 Volume=700K Target=$60.45 Stop=$50.65
POSITION: TNB CJ - Mar. $50c (68 delta, low OI) &/or Stock
http://www.investmenthouse.com/ci/tnb.html
Play Date: 11/13/2006
WBSN (Websense--$27.52; +0.33; optionable): Employees internet management and web security software
http://biz.yahoo.com/p/w/wbsn.html
STATUS: Cup w/handle. Like seeing this 2004 and 2005 leader forming back up in an excellent pattern for a breakout move. Nice, very quiet three week lateral move has allowed the 10 day EMA (26.89) to catch up with it after a strong gap higher in late October helped form the right side of its 10 month base. Excellent volume on the surge, and now a very quiet low volume handle has formed as money flow moves higher ahead of price. Excellent set up for this former leader that is setting up to lead once more.
Volume: 381.92K Avg Volume: 687.509K
BUY POINT: $28.22 Volume=1M Target=$33.95 Stop=$26.78
POSITION: DQH DE - Apr. $25c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/wbsn.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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us stock market
stock recommendation
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