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stock recommendation, stock pick
Begin part 3 of 3
THE PLAYS
Good movers: AH; AMX; ANF; ANST; CRM; HMSY; OII; POT; RIO; STLD
Monday night play results:
AMX: Nice volume as AMX breaks higher once more.
CROX: Gapped higher on a deal with Warner Bros but could not hold it today
PTNR: Nice volume as it clears resistance
CRM: Solid volume as CRM moves to a new high
HGT: Pretty up and down session below the 50 day EMA
WBSN: Sold off but came back in the afternoon. Still looks ready to fall but may test higher a bit more from here given the comeback.
New Plays:
Upside:
Play Date: 02/13/2007
ATHR (Atheros Communications--$25.57; -0.13; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/a/athr.html
EARNINGS: Announced 1-29-07
STATUS: Breakout test. ATHR is testing the early February breakout from an 11 week base that is acting as the handle to a larger 11 week cup with handle base. While a lot of semis are struggling, there are a few pearls that are leading the market. ATHR is one. Nice test back to the 10 day EMA (25.33) this week after the strong surge to start February. Excellent pattern, solid fundamentals growth rates. After this pullback it looks ready to make the break higher once more.
Volume: 1.409M Avg Volume: 2.192M
BUY POINT: $26.38 Volume=2.5M Target=$31.65 Stop=$24.65
POSITION: QRA FE - June $25c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/athr.html
Play Date: 02/13/2007
TROW (T Rowe Price Group--$48.97; +0.40; optionable): Asset management
http://biz.yahoo.com/p/t/trow.html
EARNINGS: Reported 1-26-07
STATUS: Breakout test. Solid volume last week as TROW broke to a new all-time high, moving out of a 16 week cup with handle base formed roughly around the 50 day EMA (47.04). Great volume on the way up last week, nice low volume on this test, holding near support at the 18 day EMA (48.31). Just going to be patient and let it make the rebound on another good boost of volume.
Volume: 1.037M Avg Volume: 1.092M
BUY POINT: $49.55 Volume=1.2M Target=$56.98 Stop=$47.95
POSITION: RQW GJ - July $50c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/trow.html
Play Date: 02/13/2007
VIVO (Meridian Biosciences--$28.95; -0.03; optionable): Diagnostic substances
http://biz.yahoo.com/p/v/vivo.html
EARNINGS: Reported 1-18-07
STATUS: Test 18 day EMA. VIVO is making a nice, orderly test of its strong January run as it broke out from a 9 month cup with handle base. Strong move up to 30 on the high, taking VIVO to a new all-time high. Excellent volume on the run higher and nice low volume on the test. Going to be patient, let it finish the test and then pick it up as it rallies up off the 18 day EMA and through the 10 day EMA (29.12).
Volume: 137.923K Avg Volume: 182.644K
BUY POINT: $29.21 Volume=275K Target=$34.95 Stop=$28.48
POSITION: ZUG GF - July $30c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/vivo.html
Downside:
Play Date: 02/13/2007
NTGR (Netgear--$25.68; -1.03; optionable): Telecom networking equipment
http://biz.yahoo.com/p/n/ntgr.html
EARNINGS: 2-15-07
STATUS: Head and shoulders. NTGR gapped higher in late October, moving out of a 5 month base. It immediately fell into a lateral range and rallied to start the year as techs started their rally. Looked super until the techs lost their bid. NTGR did more than just lose its bid; it sold in high volume, tried to hold the 50 day EMA, but failed. It came back to start February, but it failed at the 50 day EMA to end last week. Tuesday it broke below the 90 day MA (25.91) on stronger, average trade. This is the neckline and NTGR looks ready to fill that late October gap. Love to play gap fills; it is like an extra magnet pulling the stock in addition to the good breakdown pattern. A move to the target lands a 40%ish gain.
Volume: 718.589K Avg Volume: 690.869K
BUY POINT: $25.48 Volume=700K Target=$23.85 Stop=$26.04
POSITION: TUD OE - Mar. $25p (-39 delta)
http://www.investmenthouse.com/ci/ntgr.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 pick
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