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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Wednesday night play results:
DRI: Gapped higher but could not pull off a real breakaway move
KNOL: Another lateral move on lower volume after that strong surge.
NMGC: Took a moment after that strong Wednesday break higher.
HLTH: Nice break higher
New Plays:
Upside:
Play Date: 12/14/2006
DRIV (Digital River--$57.08; -0.49; optionable): e-commerce outsourcing solutions
http://biz.yahoo.com/p/d/driv.html
STATUS: Test 50 day EMA. Received a downgrade Thursday and that pushed it down a bit further, enough to complete the test of the 50 day EMA (56.33). This is DRIV's second 50 day EMA test since the August breakout from a double bottom with handle base. It gapped off of the 50 day EMA in late October and rallied to 60 and then faded back to test that move. A strong stock makes periodic tests of the 50 day EMA as it rallies higher. Some of the volume Thursday was attributable to the downgrade so we are looking for some more strong volume as DRIV rebounds off this level and moves through the near resistance of the 10 and 18 day EMA (58.06). Strong volume and a move back up through that level is an indication it is ready to resume its upside run.
Volume: 1.589M Avg Volume: 1.015M
BUY POINT: $58.21 Volume=1.4M Target=$66.95 Stop=$55.95
POSITION: DQI CK - Mar. $55c (62 delta) or DQI CL - Mar. $60c (50 delta) &/or Stock
http://www.investmenthouse.com/cd/driv.html
Play Date: 12/14/2006
NUAN (Nuance Communications--$11.65; +0.68; optionable): Speech and imaging for interaction with info systems and devices (voice control, etc.)
http://biz.yahoo.com/p/n/nuan.html
STATUS: Double bottom w/handle. Strong volume the past three sessions as NUAN breaks higher, ready for the breakout move from its 8 month base that will take it to a multiyear high. It was upgraded Thursday, but the volume was coming in before that. Nice pattern and looking to move in as it continues higher. Don't think the move will be 'nuanced.'
Volume: 5.736M Avg Volume: 3.011M
BUY POINT: $11.84 Volume=4.5M Target=$14.48 Stop=$11.24
POSITION: SSQ DB - Apr. $10c (72 delta) &/or Stock
http://www.investmenthouse.com/cd/nuan.html
Play Date: 12/14/2006
OIH (Oil Services Hldrs Trust--$150.21; +2.12; optionable)
http://biz.yahoo.com/p/o/oih.html
STATUS: Cup w/handle. Thursday OIH started the breakout from the two week handle to its 8 month base. Volume was not with it on the move, but it was pretty solid the session before. Lots of upside room to run as the energy stocks recover. A long accumulation pattern and though the break higher Thursday was not that strong we are ready to take positions as it continues higher as it can run well on just a little fuel.
Volume: 8.825M Avg Volume: 12.162M
BUY POINT: $150.55 Volume=14M Target=$163.45 Stop=$147.85
POSITION: OIH DJ - Apr. $150c (58 delta) or OIH DK - Apr. $155c (48 delta)
http://www.investmenthouse.com/cd/oih.html
Play Date: 12/14/2006
VTAL (Vital Images--$34.44; +0.75; optionable): Visualization and analysis solutions for medical professions
http://biz.yahoo.com/p/v/vtal.html
STATUS: Double bottom w/handle. Strong volume Thursday as VTAL broke higher from the handle of a 10 week base that acted as the handle to a larger 8 month pattern. Good base on base action that really sets up strong runs. Looking to move in as it continues the run. The image of a strong play.
Volume: 369.998K Avg Volume: 175.234K
BUY POINT: $34.67 Volume=200K Target=$41.60 Stop=$33.21
POSITION: HXQ DG - Apr. $35c (53 delta) &/or Stock
http://www.investmenthouse.com/cd/vtal.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: Trying to hang on at the 18 day EMA after a pretty wild two weeks. We will see.
GME: Test of the 18 day EMA and bouncing again.
NVDA: Continues to find strength, bouncing higher Thursday on stronger, above average volume.
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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