|
|
stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers: BRCM; ININ; LAZ; LQDT; LRCX; SMSC; SPIL; SUPX; VSEA
Weekend play results:
CYMI: Still looks ready
SUPX: Cleared resistance on solid trade.
BRCM: An old leader that has come to life
CTRP: Nice hold at the 10 day EMA
LRCX: Strong move off the test
SMSC: Solid bounce off the 10 day EMA
VCLK: Still ready to move
New Plays:
Upside:
Play Date: 11/20/2006
AMT (American Tower--$37.60; -0.02; optionable): Cell towers
http://biz.yahoo.com/p/a/amt.html
STATUS: Double bottom w/handle. AMT has set up a short and sweet 5 week base on top of the 50 day EMA (36.51), using this base to consolidate the September breakout from a 4 month cup with handle base. Very nice handle has formed, setting it up for the break to a 5 year high.
Volume: 2.336M Avg Volume: 2.27M
BUY POINT: $38.12 Volume=3.4M Target=$43.95 Stop=$36.95
POSITION: AMT DU - Apr. $37.50c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/amt.html
Play Date: 11/20/2006
AMX (America Movil--$45.08; +1.91; optionable): Wireless telecom, Latin America
http://biz.yahoo.com/p/a/amx.html
STATUS: Ascending base. Made us some money on its prior run from September to October after breakout out from a reverse head and shoulders base. Nice run to 44 and then consolidated the run with the recent 4 week ascending pattern over the 18 day EMA (43.19), refusing to give up its gains. Monday it found its new legs and broke higher through the resistance at 44 on a strong shot of above average volume. Moving to a new high and ready to move in as it continues the break.
Volume: 5.397M Avg Volume: 3.876M
BUY POINT: $45.32 Volume=4M Target=$53.95 Stop=$42.95
POSITION: AMX BI - Feb. $45c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/amx.html
Play Date: 11/20/2006
COGO (Comtech Group--$17.07; +0.71; optionable): LCD modules, etc.
http://biz.yahoo.com/p/c/cogo.html
STATUS: Breakout test. COGO broke out from a 20 week cup with handle in late October, rallied but then faded back to test the move, tapping and holding the 50 day EMA (15.16) on the low and holding. It started to rebound Friday on stronger trade, and Monday was up again on even stronger volume. Money flow is leading higher and COGO is ready to follow it to a new all-time high. A strong stocks with some of the best fundamental growth rates to go along with the pattern.
Volume: 1.553M Avg Volume: 716.461K
BUY POINT: $17.32 Volume=850K Target=$20.78 Stop=$16.21
POSITION: UWK CW - Mar. $17.50c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/cogo.html
Play Date: 11/20/2006
NUVO (Nuvelo--$19.83; +0.14; optionable): Biotechnology
http://biz.yahoo.com/p/n/nuvo.html
STATUS: Double bottom w/handle. Textbook 12 week base has formed using the 200 day SMA (17.41) as support for the second leg hit in the first week of November. A solid price and volume move off that level and then as pullback the past three sessions to form a handle to the base. Volume exploded higher Monday. Money flow is surging higher ahead of price and NUVO looks ripe to follow it.
Volume: 1.121M Avg Volume: 473.724K
BUY POINT: $20.42 Volume=500K Target=$24.58 Stop=$19.15
POSITION: CDQ DD - Apr. $20c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/nuvo.html
Still ready to go:
CTRP, CYMI, BBY, VCLK, SCHW
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.
|
stock recommendation
stock investment information
|
