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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
New Plays:
Upside:
Play Date: 11/29/2006
AH (Armor Holdings--$57.43; +1.98; optionable): Vehicle armor systems
http://biz.yahoo.com/p/a/ah.html
STATUS: Double bottom. Strong volume and strong price move Wednesday as AH broke higher from a short handle in its 7 month base. News of a $53M contract helped push it along. Looking for a run up to the prior high near 65 that started this base after a strong 2003 to 2005 run.
Volume: 1.309M Avg Volume: 823.557K
BUY POINT: $57.72 Volume=825K Target=$66.45 Stop=$55.38
POSITION: AH BK - Feb. $55c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/ah.html
Play Date: 11/29/2006
AMT (American Tower--$38.23; +1.27; optionable): Cell towers
http://biz.yahoo.com/p/a/amt.html
STATUS: Ascending base. Gapping higher on a very strong shot of above average volume. AMT is coming off a test of the 50 day EMA (36.79) to start the week. Not a bad 6 week base formed over the 50 day EMA as it consolidates the September break higher from a larger 16 week base. Nice money flow is moving higher ahead of price. Looking to move in as it continues the move higher.
Volume: 4.902M Avg Volume: 2.321M
BUY POINT: $38.58 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: 11/29/2006
AMX (America Movil--$44.56; +1.35; optionable): Latin American wireless telecom
http://biz.yahoo.com/p/a/amx.html
STATUS: Ascending base. AMX got a bit wild to start the week, fading from a breakout attempt just over a week back. It fell to the 50 day EMA (42) but found purchase there with some strong volume as it bounced off that key support. Looks like a shakeout that has set up the breakout from its short 5 week base that consolidated the early October move out of a larger 5 month pattern. Solid leader looking for a new all-time high.
Volume: 4.759M Avg Volume: 3.883M
BUY POINT: $44.89 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: 11/29/2006
DRQ (Dril-Quip--$42.10; +1.20; optionable): Oil and gas service company
http://biz.yahoo.com/p/d/drq.html
STATUS: Reverse head and shoulders. Strong, strong volume Wednesday as DRQ started the breakout move from its 16 week base. A strong leader in the prior energy rally, and this move Wednesday announces it is back in business to lead again.
Volume: 1.602M Avg Volume: 928.609K
BUY POINT: $42.52 Volume=925K Target=$50.88 Stop=$30.95
POSITION: DRQ CV - Mar. $42.50c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/drq.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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