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stock recommendation, stock prices
Begin part 3 of 3
THE PLAYS
New Plays:
Upside:
Play Date: 11/27/2006
CELG (Celgene--$54.35; -0.80; optionable): Biotechnology
http://biz.yahoo.com/p/c/celg.html
STATUS: Test 18 day EMA. CELG broke out from a 15 week base in late October and was starting to test when it was announced as a new SP500 company. That gapped it higher from there. It continued up the 10 day EMA (54.92) until the past week. Now it is testing, coming back to the 18 day EMA (53.88) on low, below average volume. It tapped that level Monday and rebounded modestly to close. Very nice test of a very nice breakout and run, setting up for the next run higher.
Volume: 3.006M Avg Volume: 4.16M
BUY POINT: $55.48 Volume=4.4M Target=$63.95 Stop=$53.69
POSITION: LQH DK - Apr. $55c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/celg.html
Play Date: 11/27/2006
OII (Oceaneering Intl.--$40.52; -0.56; optionable): Oil & Gas offshore drilling
http://biz.yahoo.com/p/o/oii.html
STATUS: Cup w/handle. Working laterally the past two weeks on low, below average volume, consolidating the October and early November run higher, waiting for the 18 day EMA (40.20) to catch up with it. Money flow remains strong as it consolidates in its 19 week base, forming up and preparing for a breakout as oil prices have recovered. This is the shakeout, the quiet time just before the next breakout and run higher.
Volume: 544.8K Avg Volume: 1.161M
BUY POINT: $42.32 Volume=1.7M Target=$50.94 Stop=$39.98
POSITION: OII DH - Apr. $40c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/oii.html
Continuing position ready for a new buy:
Play Date: 11/27/2006
ADS (Alliance Data--$62.92; -1.24; optionable): Credit services
http://biz.yahoo.com/p/a/ads.html
STATUS: Test 18 day EMA. ADS sold back Monday as well, continuing a 3 day pullback. Volume remained well below average, unlike the indices and many stocks. It tapped the 18 day EMA (62.57) on the low and bounced modestly, setting up well for the next run higher. Solid stock that is proving to be a leader in this market. Looking to move in after it makes this test.
Volume: 607.8K Avg Volume: 892.374K
BUY POINT: $63.55 Volume=950K Target=$72.95 Stop=$62.35
POSITION: ADS CL - Mar. $60c (68 delta) &/or Stock
http://www.investmenthouse.com/ci/ads.html
Play Date: 11/27/2006
IIG (Imergent--$21.52; -0.40; optionable): eCommerce solutions for small businesses.
http://biz.yahoo.com/p/i/iig.html
STATUS: Breakout test. IIG is making the second test of the 10 day EMA (21.81) after the late October breakout from its 6 month saucer with handle base. It surged on the breakout, rallying to 25 on the move. Made us some money already, and now it is coming back, slipping just below the 10 day EMA on the close. Looking for IIG to hold near this level and then 'emerge' for another run in its breakout move.
Volume: 414.4K Avg Volume: 299.022K
BUY POINT: $22.35 Volume=425K Target=$26.95 Stop=$21.32
POSITION: IIG DX - Apr. $22.50c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/iig.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 prices
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