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us stock market, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: AAPL; CBG; IAAC; ICE; INAP; ISE; MA; NVEC; NYX; PFWD
Monday night play results:
AMT: Breaking higher but volume was way too low.
NUVO: Faded back on lower volume but still in a great pattern.
PLXT: Still testing, coming back to the 10 day EMA
AKAM: Rallied but then faded; basically up and down but finished up
VCLK: Still setting up the continued break higher.
CTRP: Ready to make the move.
New Plays:
Upside:
Play Date: 11/21/2006
EMC (EMC Corp.--$12.83; +0.16; optionable): Data storage
http://biz.yahoo.com/p/e/emc.html
STATUS: Double bottom with handle. EMC is one of the large cap tech stocks that are showing a re-emergence such as CSCO and INTC. It double bottomed in July and August and rallied to mid-October. It has since moved laterally, forming a 6 week base over the 50 day EMA (12.20). Some good volume surges in the handle show buying, setting up a strong break higher. Another good, above average volume session Tuesday as EMC started off the 18 day EMA (12.54). Looks ready to make the breakout and follow some strong money flow higher.
Volume: 33.638M Avg Volume: 20.263M
BUY POINT: $13.04 Volume=30M Target=$15.72 Stop=$12.44
POSITION: EMC DN - Apr. $12.00c (62 delta) &/or Stock
http://www.investmenthouse.com/cd/emc.html
Play Date: 11/21/2006
OMCL (Omnicell--$18.82; +0.12; optionable): Medicine dispensing systems and related products
http://biz.yahoo.com/p/o/omcl.html
STATUS: Cup w/handle. Working on a nice, quiet 5 week handle to its three year base. Volume jumped Tuesday as OMCL tried to start the run but faded back. Not bad action in an indecisive market Tuesday. Strong stock with solid fundamentals to match the strong pattern. All we do now is sit back and wait for the breakout.
Volume: 336.085K Avg Volume: 244.905K
BUY POINT: $19.69 Volume=325K Target=$23.65 Stop=$18.31
POSITION: UMK BD - Feb. $17.50c (70 delta) &/or Stock
http://www.investmenthouse.com/cd/omcl.html
Play Date: 11/21/2006
REGN (Regeneron Pharmaceuticals--$23.41; -0.44; optionable): Biotechnology
http://biz.yahoo.com/p/r/regn.html
STATUS: Flying plateau. Working laterally the past two weeks, showing some big volume spikes as it does. That indicates accumulation even as it consolidates, setting up the continued breakout move. Nice breakout in October from an 8 month cup with handle with a solid run in October. Refusing to give up its gains as it tests; that is what makes this pattern such a strong indicator for further upside gains.
Volume: 743.71K Avg Volume: 451.7K
BUY POINT: $24.45 Volume=725K Target=$28.68 Stop=$22.72
POSITION: RQP BX - Feb. $22.50c (63 delta) &/or Stock
http://www.investmenthouse.com/cd/regn.html
Play Date: 11/21/2006
SINA (Sina.com--$28.62; +0.33; optionable): Online media in China
http://biz.yahoo.com/p/s/sina.html
STATUS: Breakout test. SINA blasted higher to start November, breaking out from a 6 month cup with handle base. This is part of a longer three year pattern, but this last base has moved it off the bottom, indicating SINA is ready to embark upon a more interesting run higher. Nice hold of the 18 day EMA (27.84) as it tested the past week, bouncing off that level Tuesday on stronger, above average volume. Strong money flow is running higher ahead of price and we are ready to move in as it makes the breakout.
Volume: 1.19M Avg Volume: 811.7K
BUY POINT: $28.89 Volume=950K Target=$33.88 Stop=$27.45
POSITION: NOQ CE - Mar. $25c (77 delta) &/or Stock
http://www.investmenthouse.com/cd/sina.html
Continuing plays ready to move:
Play Date: 11/18/2006
CTRP (Ctrip.com International--$56.05; -0.05; optionable): Chinese travel service
http://biz.yahoo.com/p/c/ctrp.html
STATUS: Test breakout. Still that excellent test of the breakout, showing another tight doji over the 10 day EMA (55.57) on low volume. Just about ready to move again along with all of the other Chinese stocks. To recap: 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. 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: 354.799K Avg Volume: 401.754K
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/cd/ctrp.html
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
AAPL: Continuing higher in the impressive move.
DRIV: Nice test of the 10 day EMA, showing a doji at that near support.
GOOG: Gapped lower on earnings, but held the 50 day EMA and rebounded on strong volume.
ISE: Nice break higher on strong volume.
MA: Breaking to a new high on strong volume.
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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us stock market
stock recommendation
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