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stock recommendation, stock option
Begin Part 2 of 2
THE PLAYS
Good movers: CI falling.
NEW PLAYS
Downside
AMGN (Amgen--$41.32; -1.71; optionable): Biotechnology
http://biz/yahoo.com/p/a/amgn.html
STATUS: Put. AMGN plowed lower in early June, got some good news and gapped up, but then ran out of steam at the 18 day MVA Tuesday and Wednesday. It stared lower today on another jump in volume. We are looking to take advantage of this drop back down with some put positions.
Volume: 19.212M Avg Volume: 12.513M
BUY POINT: $40.9 Volume=19M Target=$37 Stop=$44.20
POSITION: AMQ SJ - July $50 put (-83 delta) Aggressive as they are July, but a good delta for the price.
http://www.investmenthouse.com/cs/amgn.html
Upside
ECOL (American Ecology--$4.02; -0.07; no options): Waste Management
http://biz/yahoo.com/p/e/ecol.html
STATUS: Ascending wedge. A smaller stock in an ascending wedge following the breakout of a big, 15-month cup. After such a breakout we like the ascending wedge pattern for it to regroup. It is a bullish pattern, especially when following a breakout. Accumulation is excellent in the wedge at 3 accumulation weeks to 0 distribution weeks. It is a thinly traded stock, but we like the great accumulation. Money flow is leading the way and relative strength has already broken out.
Volume: 22.9K Avg Volume: 40.863K
BUY POINT: $4.35 Volume=65K Target=$5.96 Stop=$3.65
POSITION: Stock (no option chain)
http://www.investmenthouse.com/ct/ecol.html
Continuing plays table: CAND looks ready. Keep an eye on PBG.
CONTINUING PLAYS:
APSG (Applied Signal--$11.69; +0.58; no options): Telecom equipment
Play Date: 06/15/2002
http://biz/yahoo.com/p/a/apsg.html
STATUS: The test of the breakout looks to be ending as the stock bounced up off of 11 today on some outstanding volume. Looks ready to rock and roll.
Volume: 185.6K Avg Volume: 40.454K
BUY POINT: $12.25 Volume=90K Target=$16 Stop=$11
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/apsg.html
ATH (Anthem--$72.54; -0.89; optionable): Health care plans
Play Date: 06/08/2002
http://biz/yahoo.com/p/a/ath.html
STATUS: ATH took some selling on the Supreme Court ruling regarding states being able to assist citizens in suits against HMO's. It tested the 18 day MVA on the low and rebounded (71.75). Looks like it is going to get over the court ruling soon.
Volume: 909.9K Avg Volume: 1.326M
BUY POINT: $72.25 Volume=1.8M Target=$86.75 Stop=$67.19
POSITION: ATH IN - Sept. 70 call (62 delta) and/or stock
http://www.investmenthouse.com/ct/ath.html
PCLE (Pinnacle Systems--$11.43; -0.18; optionable): Photo equipment
http://biz/yahoo.com/p/p/pcle.html
STATUS: A three day, low volume pullback to the 18 day MVA on Thursday low (11.20). The accumulation has been very good, and this pullback looks like a good opportunity to add to some positions.
Volume: 634.6K Avg Volume: 691.818K
BUY POINT: New positions at $11.75 Volume=850K Target=$19.94 Stop=$10.25
POSITION: PUC JU - Oct. $7.50 call (89 delta) and/or stock
http://www.investmenthouse.com/ct/pcle.html
SSNC (SSS&C Technologies--$13.11; -0.21; no options):
Play Date: 06/15/2002
http://biz/yahoo.com/p/s/ssnc.html
STATUS: Testing the breakout on very, very low volume. It may test the 10 day MVA (12.67) on this move before rebounding, but we really like the nice pullback for some new positions.
Volume: 22K Avg Volume: 70.5K
BUY POINT: After a test of 12.67, a move over $12.75. Volume=80K Target=$16 Stop=$11.50
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/ssnc.html
WATCHLIST/ CONTINUING:
We have put all plays in a summary table that contains the date the stock was put on the report (so you can go back and check out the details of the play) and the other pertinent information. This provides more information than the watchlist summaries and still contains comments when appropriate. VIEW THIS IN COURIER NEW, 12 FOR BEST RESULTS. You can also easily print the table from the website (www.investmenthouse.com) from the 'current reports' section. If you just want to print the table you can cut and paste it to a word document setting the font to Courier New size 12. Just left click on the beginning of the table and drag to the table end. After selecting, right click and select 'copy.' Paste into your word processor. Select it all and choose Courier New, font size 12.
Stock Date Play Close +/- Pivot Tgt Vol AvgV Stop
ABF 05/11 BO 18.58 -1.09 22.23 25.75 580K 655K 20.25
ACF 06/17 Put 25.77 -1.75 29.2 25.2 2.4M 1.9M 33
AET 06/13 Saucer 51.47 -0.29 50.35 60 2.4M 1.2M 46.83
AMGN 06/20 Put 41.32 -1.71 40.9 37 19M 13M 44.20
APSG 06/15 Test BO 11.69 +0.58 12.25 16 186K 40K 11
ATH 06/08 BO 72.54 -0.89 72.25 86.75 910K 1.3M 67.19
ATMI 06/18 Put 20.82 -0.94 23.85 20.05 599K 460K 26
AXP 06/19 Put 37.41 -0.57 37.75 34.05 4.3M 4.7M 41
BGG 05/11 Put 37.88 +0.63 39.4 35 119K 136K 42
BL 05/21 cup hdl 23.18 +0.42 23.85 27.5 19K 16K 22
BLC 05/25 Flat 23.65 -0.37 24.25 30 423K 257K 22.55
BPOP 06/15 cup hdl 32.84 -0.28 32.35 36.5 399K 105K 30.50
BYBI 05/23 BO 11.1 -0.06 9.7 12.75 28K 49K 9.02
CAND 06/19 BO 4.53 -0.17 5.05 6.95 131K 291K 4.45
CAND 06/06 BO 4.53 -0.17 4.98 6.95 131K 291K 4
CBRL 06/15 Test BO 32.17 -1.19 32.5 40.25 1.4M 870K 30.22
CERN 05/20 A Wedge 52.13 -0.88 56.1 60 259K 452K 53
CI 06/15 Put 99.25 -1.43 99.9 95.2 1.1M 757K 103.50
CMPC 06/12 Test BO 3.76 -0.03 4.1 5.63 84K 147K 3.55
CTX 05/11 Put 58 +1.44 53.5 49 1.4M 1.2M 56
CVH 06/05 Test BO 32.78 -0.97 32.6 39 757K 446K 29
CYMI 06/03 Put 35.32 -2.82 39.45 33.8 2.4M 1.5M 44
DTC 06/17 cup hdl 11.89 +0.07 12.22 15 23K 61K 11.36
DVN 05/25 A Wedge 48 -0.76 50.95 61 1.1M 969K 47.38
ECL 05/23 cup hdl 46.1 +0.19 47.8 57.36 265K 354K 44.45
ECOL 06/20 A Wedge 4.02 -0.07 4.35 5.96 23K 41K 3.65
ERTS 05/30 Cup 63.36 -1.5 66.12 79.5 2.7M 2.9M 61.49
FRX 06/10 Put 71.44 -0.56 72.45 68 924K 1.2M 75
FSS 05/22 DB hdl 25.13 -0.37 25.8 31 400K 191K 23.99
FTEK 06/12 Test BO 6.76 -0.18 6.92 8.25 55K 66K 6.37
FTEK 06/01 A Wedge 6.76 -0.18 6.65 8 55K 66K 5.95
GPI 06/11 Put 38.79 -0.22 38.02 34.1 321K 246K 41
HGR 05/20 Test 50 14.9 -0.15 12.6 19 152K 128K 11.72
HI 05/20 Put 49.8 -1.75 53.45 48.5 3.3M 3M 56
HLT 05/06 Put 13.6 -0.23 14.3 12 457K 2M 15.80
HSIC 05/15 BO 48.75 -0.56 49.4 56.9 161K 289K 46.50
HSY 06/12 Put 65.7 +0.39 65.35 61 306K 467K 67.25
IBC 06/08 BO 28.38 +0.13 28.6 34.96 183K 251K 26.6
IMDC 05/20 Put 28.85 -0.31 29.9 26 266K 211K 32
INTU 05/30 cup hdl 47.24 +1.11 45 54 4.7M 2.6M 41.85
ITN 05/13 DB hdl 12.15 +0.12 13 16.5 36K 104K 11.75
JBHT 06/01 A Wedge 30.86 -1.34 28.72 36 819K 485K 25.40
KROL 06/06 BO 21.18 +0.17 20.2 24 217K 374K 19.50
LGND 06/15 Put 13.56 -0.18 13.95 10.05 260K 597K 15.35
MNTR 06/15 Put 38 +0.25 35.95 32.2 89K 117K 38
MTB 06/11 Put 85.74 -0.51 82.95 77.75 252K 247K 85.60
NFB 04/13 BO 39.3 -0.15 36.55 43.5 514K 648K 37
NMHC 06/18 cup hdl 10.14 -0.25 13 15.6 54K 30K 11.90
NX 06/01 Test 50 42.27 +1.42 36.5 43.8 381K 116K 33.94
OSI 05/29 Test BO 37.27 -0.13 39.05 46.94 402K 468K 36.32
PBG 05/30 Test 18 33.17 -0.33 32.75 36 619K 1.2M 30.46
PCLE 06/08 BO 11.43 -0.18 11.5 19.94 635K 692K 10.25
PCLE 05/06 cup hdl 11.43 -0.18 10.27 13 635K 692K 9.40
PETC 06/19 BO 24.94 -0.94 26.25 31 109K 273K 24
PETC 06/01 Test BO 24.94 -0.94 25.85 31 109K 273K 24.04
PNR 06/08 Put 48.06 -0.17 44.7 39.75 150K 276K 47
QCOM 06/05 Put 26.33 -1.8 31.5 25 22M 15M 33.50
RE 06/11 Put 59.76 -0.72 58.55 54 458K 586K 63
REY 06/19 cup hdl 29.51 -0.76 31.15 37.38 408K 287K 28.97
SALM 06/03 cup hdl 28.85 +0.36 30.17 36.2 28K 66K 27.50
SSNC 06/15 A Wedge 13.11 -0.21 12.65 16 22K 70K 11.50
TEVA 06/04 cup hdl 63.34 -0.71 68.05 80 670K 879K 63.29
TEVA 05/15 BO 63.34 -0.71 62.1 67 670K 879K 60.50
XRAY 05/25 A Wedge 39.04 +0.62 40.35 48.25 452K 336K 37.53
Good Investing!
Jon L. Johnson and your Technical Traders Report 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 option
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