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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers: ICE; PFWD
Thursday night play results:
BBY: Took the day off on lower volume
HET: Another one taking the day off on lower, average volume
OTEX: And yet another stock taking the day off on low volume.
SOHU: Held flat on, yep, lower volume.
New Plays:
Upside:
Play Date: 11/18/2006
CMG (Chipotle Mexican Grill--$59.88; +1.11; optionable): Casual restaurants
http://biz.yahoo.com/p/c/cmg.html
STATUS: Cup w/handle. CMG enjoyed a good day Friday, appropriate given NYMEX had its IPO and topped CMG's opening day record. It did not quite break CMG out from its 7 month base, but price/volume action has been excellent as it moves up toward the breakout. Money flow is surging higher ahead of price and CMG looks ready to follow it after its first base since its IPO.
Volume: 1.051M Avg Volume: 994.903K
BUY POINT: $60.11 Volume=1.4M Target=$68.98 Stop=$57.55
POSITION: CMG CL - Mar. $60c (55 delta) &/or Stock
http://www.investmenthouse.com/cd/cmg.html
Play Date: 11/18/2006
SUPX (Supertex--$46.05; +0.83; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/s/supx.html
STATUS: Ascending base. Ready to make the breakout to a new all-time high. Formed a big, ranging double bottom base from January 2006 and broke out in late October. It immediately tested, and held the 50 day EMA (41) before starting a new surge the past week. It banged its head into old resistance at 46, but looks to have made a higher low and started back up Friday on strong volume. Strong fundamentals growth rates put it in the upper echelon of the market, and this pattern is setting it up for the breakout.
Volume: 457.14K Avg Volume: 208.908K
BUY POINT: $46.38 Volume=445K Target=$54.45 Stop=$43.95
POSITION: SQO CI - Mar. $45c (59 delta, low OI) &/or Stock
http://www.investmenthouse.com/ci/supx.html
New buy points on current positions: As noted in the summary, many leaders have set up for new buys. Love averaging up into winners.
Play Date: 11/18/2006
BRCM (Broadcom--$34.99; -0.06; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/b/brcm.html
STATUS: Test 200 day SMA. Excellent move as BRCM broke higher from an 11 week lateral consolidation two weeks back, clearing the 200 day SMA (34.43) on this move. It then started laterally to end the week, refusing to give up the gains and holding above the key support at the 200 day. Looking FOR a break higher from this test to give us a new entry to the next phase of the run.
Volume: 13.4M Avg Volume: 17.04M
BUY POINT: $35.33 Volume=20M Target=$41.95 Stop=$33.75
POSITION: RCQ BZ - Feb. $32.50c (72 delta) &/or Stock
http://www.investmenthouse.com/ci/brcm.html
Play Date: 11/18/2006
CTRP (Ctrip.com International--$56.00; 0.00; optionable): Chinese travel service
http://biz.yahoo.com/p/c/ctrp.html
STATUS: Test breakout. Nice blast higher on strong volume from a 17 week base the second week of November. Surged to 60 on the move and then needed a breather, coming back Thursday and Friday to test near support at the 10 day EMA (55.32). Excellent breakout, run, and test. Strong money flow led the way, and it is holding up nicely as it makes the test. Looking for it to bounce off the Friday doji at the 10 day EMA to give us the buy point.
Volume: 559.287K Avg Volume: 399.95K
BUY POINT: $56.72 Volume=600K Target=$67.95 Stop=$54.95
POSITION: QCT CK - Mar. $55c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/ctrp.html
Play Date: 11/18/2006
LRCX (Lam Research--$54.34; -0.09; optionable): Chip equipment
http://biz.yahoo.com/p/l/lrcx.html
STATUS: Breakout test. One of the early leaders in the tech comeback, LRCX surged higher in October on earnings, formed a nice 5 week handle to a 6 month cup with handle base, and blasted higher again Monday. It spent the last half of the week coming back to test, showing a pair of dojis on the candlestick chart above near support at the 10 day EMA (52.65). Looking for it to give us another buy point off of this test as this leader plows to a new high. May come back and test a bit more, but with the holiday week it may come right back up from here.
Volume: 2.835M Avg Volume: 3.768M
BUY POINT: $54.72 Volume=4.8M Target=$62.95 Stop=$52.95
POSITION: LMQ CK - Mar. $55c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/lrcx.html
Play Date: 11/18/2006
SMSC (Standard Microsystems--$31.93; -0.51; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/s/smsc.html
STATUS: Test breakout. SMSC looks ready to just burst higher. Indeed, it started that early this week and then made a quick test to end the week with the rest of the market, tapping at and holding the 10 day EMA (31.48) on the Friday low and rebounding on extremely low volume. Very nice 10 month cup with handle that looks ready to rip higher after this test of that strong move.
Volume: 105.25K Avg Volume: 253.126K
BUY POINT: $32.38 Volume=450K Target=$37.95 Stop=$31.35
POSITION: SMQ DF - Apr. $30c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/smsc.html
Play Date: 11/18/2006
VCLK (Valueclick--$22.11; 0.00; optionable): Internet advertising services
http://biz.yahoo.com/p/v/vclk.html
STATUS: Test breakout. VCLK broke out from a 10 month base to start November. Huge break that made us some good money. It worked latterly and then broke higher again Tuesday. It spent the rest of the week coming back to test, showing an excellent doji Friday at the 10 day EMA (21.67). Very nice test is setting it up for the next break higher as VCLK looks for a new all-time high.
Volume: 1.729M Avg Volume: 1.791M
BUY POINT: $22.68 Volume=2.4M Target=$26.95 Stop=$21.48
POSITION: QCS CX - Mar. $22.50c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/vclk.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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