|
|
stock recommendation, stock pick
Begin part 3 of 3
THE PLAYS
Weekend plays:
GD: Moved higher to clear interim resistance, but no volume yet.
HOLX: Same issue: good move but not a lot of trade
TIE: Got some volume and a solid move higher.
WNR: Gapped up but no volume to push it.
BER: Tapped at the 50 day EMA on the high. Still looking for the turn back down
DIA: Rallied higher on lower volume. Will see if it rolls over.
New Plays:
Upside:
Play Date: 12/04/2006
JCOM (J2 Global Communications--$28.44; +1.19; optionable): Telecom services
http://biz.yahoo.com/p/j/jcom.html
STATUS: Cup w/handle. Strong volume Monday as JCOM moved off of the 50 day EMA test (27.34) in its 20 week base that is setting JCOM up for a run at a new all-time high. Money flow is leading the way and after this shakeout the past week JCOM is ready to follow it.
Volume: 782.532K Avg Volume: 453.333K
BUY POINT: $28.88 Volume=465K Target=$34.75 Stop=$27.32
POSITION: JQF CE - Mar. $25c (75 delta, 167 OI) &/or Stock
http://www.investmenthouse.com/ci/jcom.html
Play Date: 12/04/2006
OIS (Oil States Int.--$33.98; -0.56; optionable): Oil and gas service company
http://biz.yahoo.com/p/o/ois.html
STATUS: Cup. OIS surged through the 200 day SMA (32.77) last week, moving off the 50 day EMA (29.97) that acted as support when OIS made its first move off of the bottom of its 7 month base. Strong surge and then a modest fade Friday and Monday on lower volume (below average Monday). May come back further on this test, but not expecting it too take as long to make the consolidation this time around. Indeed, we anticipate a move higher this week. Has plenty of room upside to run and make is a good return without having to break to any new highs.
Volume: 776.4K Avg Volume: 1.022M
BUY POINT: $34.88 Volume=1.2M Target=$41.95 Stop=$32.62
POSITION: OIS CG - Mar. $35c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/ois.html
Play Date: 12/04/2006
WFR (Memc Electronic--$40.64; +0.48; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/w/wfr.html
STATUS: Cup. Good volume last week as WFR started higher off the 50 day EMA (37.02) and toward some resistance at 41 in the middle of its 7 month base. WFR is a leader in its sector, and it weathered the recent rockiness quite well. Nice base has set it up for a run at a 10 year and indeed an all-time high.
Volume: 3.6M Avg Volume: 4.38M
BUY POINT: $41.11 Volume=6.5M Target=$48.75 Stop=$38.65
POSITION: WFR DH - Apr. $40c (60 delta) &/or Stock
http://www.investmenthouse.com/ci/wfr.html
Downside:
Play Date: 12/04/2006
CGNX (Cognex--$24.27; +0.42; optionable): Scientific and technical instruments
http://biz.yahoo.com/p/c/cgnx.html
STATUS: Put. CGNX is in a continuing downtrend below the 200 day SMA (25.60). It rallied back to test that level in mid-November but volume was low and it started to slide back down. Volume started to pick up as it slid lower, and Friday it crashed through the 50 day EMA (24.36). It tested back up Monday as volume backed off. Money flow remains in the tank, and after this bounce it is ready to head lower. A move to the target lands us a 42%ish gain.
Volume: 280.351K Avg Volume: 321.117K
BUY POINT: $24.12 Volume=335K Target=$22.51 Stop=$24.45
POSITION: QCG NE - Feb. $25p (-50 delta)
http://www.investmenthouse.com/ci/cgnx.html
Still ready to move:
AMT
AMX
ALXN
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.
|
stock recommendation
stock pick
|
