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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Tuesday night play results:
CRZO: Big move on strong volume.
JWN: Nice break higher off the 10 day EMA test.
LSI: Still in the handle though volume jumped up a bit on some selling.
NDAQ: still holding the 10 day EMA
CELG: Solid price bounce off the 18 day EMA
OII: Starting to make the break. Did not get the volume other energy stocks enjoyed.
New Plays:
Upside:
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/cd/amt.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/cd/drq.html
Play Date: 11/29/2006
VPHM (Viopharma--$14.60; +1.02; optionable): Biotechnology
http://biz.yahoo.com/p/v/vphm.html
STATUS: Flat base. Strong volume Wednesday as VPHM surged out of a 12 week flat base that formed above the 50 day EMA (12.70). Part of a larger 10 month cup with a lot of room on the upside without having to forge new high territory.
Volume: 3.053M Avg Volume: 1.545M
BUY POINT: $14.76 Volume=1.5M Target=$19.65 Stop=$13.95
POSITION: DUZ BC - Feb. $15c (52 delta) or DUZ BV - Feb. $12.50c (78 delta) &/or Stock
http://www.investmenthouse.com/cd/vphm.html
Ready to move:
Play Date: 11/20/2006
NUVO (Nuvelo--$19.63; +0.61; optionable): Biotechnology
http://biz.yahoo.com/p/n/nuvo.html
STATUS: Double bottom w/handle. Volume jumped above average Wednesday as NUVO moved off of the 50 day EMA test (18.86). Ready to make the breakout. To recap: Textbook 12 week base has formed using the 200 day SMA (17.45) as support for the second leg hit in the first week of November. A solid price and volume move off that level and then as pullback the past three sessions to form a handle to the base. Volume exploded higher Monday. Money flow is surging higher ahead of price and NUVO looks ripe to follow it.
Volume: 1.114M Avg Volume: 473.411K
BUY POINT: $19.75 Volume=500K Target=$23.98 Stop=$18.89
POSITION: CDQ DD - Apr. $20c (53 delta) &/or Stock
http://www.investmenthouse.com/cd/nuvo.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
CELG: Nice break higher off the 18 day EMA test though not a lot of volume.
GME: Good hold at the 10 day EMA, starting a modest bounce Wednesday though volume lagged.
GOOG: Gapped higher after the test of 475 on the Tuesday low.
MA: Lost ground but still able to hold the 10 day EMA on the close.
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 investment information
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