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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/cd/celg.html
Play Date: 11/27/2006
FIX (Comfort Systems--$13.72; -0.08; optionable): Environmental systems (fancy phrase for air conditioning) in commercial, industrial and institutional markets (hospitals, schools, retail spaces, etc.)
http://biz.yahoo.com/p/f/fix.html
STATUS: Double bottom w/handle. The commercial market remains strong and thus FIX remains fixated on making the breakout from its 7 month base, looking to set up and give the breakout to a new 7 year high. Solid rally this month, and now pulling back the past three sessions, tapping the 10 day EMA (13.54) on the Monday low, then rebounding sharply on strong, above average volume to close basically flat. May snug up to the 10 day EMA more in the market pullback, but after that we are looking for the break higher.
Volume: 343.6K Avg Volume: 232.611K
BUY POINT: $14.18 Volume=349K Target=$16.98 Stop=$13.35
POSITION: FIX DV - Apr. $12.50c (71 delta, low OI) &/or Stock
http://www.investmenthouse.com/cd/fix.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/cd/oii.html
New buy point on a current position:
Play Date: 11/27/2006
IAAC (International Asset Holding--$33.89; -1.51; no options): Asset management
http://biz.yahoo.com/p/i/iaac.html
STATUS: Test breakout. Strong breakout a week back from an 11 week ascending base sent IAAC surging on a wild 3-day run. It has started back the past two sessions, testing at and holding the 10 day EMA (32.57) on the lows each of those sessions. It may snug up more to the 10 day EMA before it is ready to resume the move higher, forging into new high territory. Strong money flow is leading and relative strength broke out on the move. Excellent strength and looking for the next opportunity to move in.
Volume: 518.651K Avg Volume: 317.177K
BUY POINT: $34.42 Volume=425K Target=$39.65 Stop=$32.48
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/iaac.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: Gave back some ground on a big volume jump. Still in a strong uptrend.
AKAM: Thud to the 50 day EMA. Needs to hold here and make a higher low.
DRIV: Faded through the 18 day EMA on rising trade. May try to fill the gap from late October on this part of the move.
GOOG: The bigger they come. Gapped lower and sold off on rising, above average volume. There is that big gap in mid-October that could be a problem, drawing GOOG back down.
NVDA: Ignored the selling to end last week, but not Monday, tanking to the 18 day EMA on rising, almost average volume.
WEBX: Major tanking in progress as WEBX dives toward the 200 day SMA on rising 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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stock recommendation
stock prices
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