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stock recommendation, stock market recommendation
Begin part 3 of 3
THE PLAYS
New Plays:
Upside:
Play Date: 11/30/2006
ALXN (Alexion Pharmaceuticals--$43.22; -0.03; optionable): Drugs
http://biz.yahoo.com/p/a/alxn.html
STATUS: Breakout test. Great pattern in a good sector for the market right now. Some nice action above the 18 day EMA (42.59) as ALXN tests the early November breakout from its 8 month saucer w/handle base. Excellent base that took ALXN to a 6 year high, and this action is setting it up for the next run as volume moves above average as it works laterally over near support. Money flow remains strong. Ready to move in as it continues higher on volume off of this test.
Volume: 822.606K Avg Volume: 567.102K
BUY POINT: $43.75 Volume=800K Target=$51.95 Stop=$42.15
POSITION: XQN BH - Feb. $40c (71 delta) &/or Stock
http://www.investmenthouse.com/ci/alxn.html
Play Date: 11/30/2006
AMAG (Advanced Magnetics--$55.72; +0.59; optionable): Diagnostic substances
http://biz.yahoo.com/p/a/amag.html
STATUS: Breakout test. AMAG broke out from a 7 month base to a new high in late October. It tested and then exploded higher in mid-November on a positive Phase-III result. It has come back the past two weeks to test, holding the 10 day EMA (53.83) on below average volume. Strong money flow is holding up as it tests. Looking for another break higher to continue the run.
Volume: 154.591K Avg Volume: 336.905K
BUY POINT: $56.35 Volume=350K Target=$66.95 Stop=$53.65
POSITION: AVM BK - Feb. $55c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/amag.html
Play Date: 11/30/2006
ISE (International Securities Exchange--$53.18; +0.18; optionable)
http://biz.yahoo.com/p/i/ise.html
STATUS: Reverse head and shoulders. ISE has formed this short 5 week pattern to consolidate a solid move in September and October as if finished and broke out of an 8 month base to a new high (IPO'd in March 2005). Used the 50 day EMA (49.46) as support in early November to form the short base and is holding the 10 day EMA on the close this week as it makes the test. Solid and just looking for a break higher on a resumption in strong volume.
Volume: 626K Avg Volume: 807.286K
BUY POINT: $53.75 Volume=1M Target=$63.45 Stop=$51.65
POSITION: ISE DK - Apr. $55c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/ise.html
Current play ready to move:
Play Date: 11/28/2006
NDAQ (Nasdaq Stock Market--$40.15; +0.76; optionable)
http://biz.yahoo.com/p/n/ndaq.html
STATUS: Breakout test. Still holding the 10 day EMA (39.22) as money flow soars higher, setting up the continued run on the breakout. Very nice 8 month cup with handle base and breakout, and is primed to really run.
Volume: 3.15M Avg Volume: 2.595M
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
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 market recommendation
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