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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
New Plays:
Upside:
Play Date: 11/28/2006
FMD (First Marblehead--$74.00; -0.31; optionable): Credit services. Splits 3:2 on 12-5-06
http://biz.yahoo.com/p/f/fmd.html
STATUS: Test 18 day EMA. FMD broke out from a short 10 week double bottom with handle in mid-September. That was part of a base on base pattern, the finishing touch to a much larger 15 month cup with handle. Tested the 50 day EMA (67.66) to start the month and surged again. It has tested this week, tapping just below the 18 day EMA (71.99) on the low and surging back on very strong volume to hold above the 10 day EMA on the close. Nice shakeout and looks ready to make a pre-split move.
Volume: 1.86M Avg Volume: 911.874K
BUY POINT: $74.38 Volume=1M Target=$85.45 Stop=$71.89
POSITION: FMD CO - Mar. $75c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/fmd.html
Play Date: 11/28/2006
NDAQ (Nasdaq Stock Market--$39.90; -0.10; optionable)
http://biz.yahoo.com/p/n/ndaq.html
STATUS: Test breakout. Last week NDAQ broke out form the handle to an 8 month cup with handle base. Strong volume as it made the break, then came back to test the move this week, tapping at the 18 day EMA on the Tuesday low, filling the gap from the breakout. It rebounded to close basically flat. Nice breakout, nice test. Now it looks ready to continue higher.
Volume: 4.213M Avg Volume: 2.559M
BUY POINT: $40.95 Volume=3M Target=$48.95 Stop=$38.82
POSITION: NQD CH - Mar. $40c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/ndaq.html
Play Date: 11/28/2006
XTO (XTO Energy--$48.41; +2.06; optionable): Independent oil and gas
http://biz.yahoo.com/p/x/xto.html
STATUS: Reverse head and shoulders. Strong, above average volume Tuesday as XTO started the breakout from its 16 week pattern that is part of a larger 10 month reverse head and shoulders base. After that run in 2005 it needed time to consolidate and it has done that. Now it is ready to run again.
Volume: 5.203M Avg Volume: 4.136M
BUY POINT: $48.89 Volume=6M Target=$58.45 Stop=$46.65
POSITION: XTO BI - Feb. $45c (69 delta) &/or Stock
http://www.investmenthouse.com/ci/xto.html
Continuing position ready for a new buy:
Play Date: 11/28/2006
QLGC (Qlogic--$22.29; +0.30; optionable)
http://biz.yahoo.com/p/q/qlgc.html
STATUS: Test 18 day EMA. QLGC broke out in late October, tested, and then rallied up the 10 day EMA (22.06) for most of November. It rolled back the past few sessions, tapping the 18 day EMA (21.64) on the Tuesday low, rebounding to close positive on rising, above average volume. Looks like a good shakeout to test the initial breakout run, and now it looks ready to continue that run higher.
Volume: 2.829M Avg Volume: 2.548M
BUY POINT: $22.45 Volume=2.7M Target=$26.95 Stop=$21.44
POSITION: QLC DX - Apr. $22.50c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/qlgc.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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