stock recommendation, stock option

Begin Part 3 of 3

CONTINUING PLAYS:

ATH (Anthem--$72.5; -0.04; optionable): Health care plans
Play Date: 06/08/2002
http://biz.yahoo.com/p/a/ath.html
STATUS: Another test of the 18 day MVA Friday and a tighter doji as well. Volume is still low, but that is fine on a test back and good considering the Supreme Court ruling that had some investors all in an uproar. Looks like another point where we can add to some positions or take first positions on this stock.
Volume: 1.075M Avg Volume: 1.332M
BUY POINT: $72.75 Volume=1.4M Target=$86.75 Stop=$67.66
POSITION: ATH IN - Sept. 70 call (62 delta) and/or stock
http://www.investmenthouse.com/ct/ath.html

CMPC (Compucom Systems--$3.75; -0.01; no options):
Play Date: 06/12/2002
http://biz.yahoo.com/p/c/cmpc.html
STATUS: Testing the breakout. Still in a very good test of the breakout, showing a doji Friday on the 50 day MVA after the breakout of the 10 month cup with handle. Accumulation is very good and money flow and relative strength are leading the way. Not all tech stocks are poison; the smaller stocks are performing quite nicely.
Volume: 77.3K Avg Volume: 145.227K
BUY POINT: $4.1 Volume=200K Target=$5.63 Stop=$3.55
POSITION: Stock (no option chain)
http://www.investmenthouse.com/ct/cmpc.html

DTC (Domtar--$12.06; +0.17; no options):
Play Date: 06/17/2002
http://biz.yahoo.com/p/d/dtc.html
STATUS: Cup with handle. A nice move on stronger, average volume Friday. It looks as if DTC is ready to make its breakout move. Relative strength is leading the way already, and accumulation has been excellent in the base.
Volume: 58.6K Avg Volume: 59.636K
BUY POINT: $12.22 Volume=175K Target=$15 Stop=$11.36
POSITION:
http://www.investmenthouse.com/ct/dtc.html

FTEK (Fuel Tech--$6.71; -0.05; no options): Industrial electrical equipment
Play Date: 06/12/2002
http://biz.yahoo.com/p/f/ftek.html
STATUS: Cup with handle. A big volume move Tuesday pulled back immediately but on some very low volume. Friday volume was nonexistent as FTEK tested the 18 day MVA and showed a rising start doji. It looks ready to try it again, and we are willing to take some additional positions on another rising volume gain.
Volume: 19K Avg Volume: 66.09K
BUY POINT: $6.92 Volume=88K Target=$8.25 Stop=$6.37
POSITION: Stock (no option chain)
http://www.investmenthouse.com/ct/ftek.html

JBHT (JB Hunt Transportation--$31.05; +0.19; optionable): Trucking
Play Date: 06/01/2002
http://biz.yahoo.com/p/j/jbht.html
STATUS: A nice break higher Wednesday was followed by some lower volume profit taking on a pullback to test the move. We anticipate the stock to hold at the 10 day MVA (29.72) and give us another entry point. We like breakouts and we like successful tests of the breakouts even better. After a test of the 10 day MVA we will look for additional positions over 30 on rising volume as it moves back up.
Volume: 724.5K Avg Volume: 487.454K
BUY POINT: $30.02 after a test of 29.72. Volume=545K Target=$36 Stop=$25.40
POSITION: JHQ KX - Nov. $22.50 calls (delta 63) and/or stock.
http://www.investmenthouse.com/ct/jbht.html

NFB (North Fork Bancorp--$38.91; -0.39; optionable): Regional bank
http://biz.yahoo.com/p/n/nfb.html
STATUS: Test of breakout/18 day MVA. NFB has given us a nice gain, and after a bit of some bouncing below the 50 day MVA in early June it is now setting up for another move higher with this pullback to the 18 day MVA. It showed a doji Friday on some high volume, but was able to hold this support level even as some of the big name banks fell. This looks as if it will be an 'add-to' point for us where we can move some more money into a good stock or take some new positions.
Volume: 709.9K Avg Volume: 648.136K
BUY POINT: $39.20 Volume=750K Target=$45 Stop=$37.50
POSITION: NFB KG - Nov. $35 call (84 delta) and/or stock
http://www.investmenthouse.com/ct/nfb.html

SSNC (SSS&C Technologies--$13.24; +0.13; no options):
http://biz.yahoo.com/p/s/ssnc.html
STATUS: Testing breakout from ascending wedge. SSNC gave us a bit move last Tuesday and is now testing that move on some very low, below average volume. It is showing doji's (a good, tight one Friday called a hammer doji), testing the 10 day MVA (12.78) on the low. Buying remains excellent, and relative strength is breaking out on this pullback, a sign of continued strength in the stock. We are looking to add to positions here and it is also a place to take new positions as well.
Volume: 23.3K Avg Volume: 70.045K
BUY POINT: $13.4 Volume=80K Target=$16 Stop=$11.75
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

ACF 06/17 Put 26.2 +0.43 29.2 25.2 2.2M 2M 33
Bouncing around at 25, the target. If still in it, look at closing it out on the next test of 25.

ADVP 06/22 Put 27.16 +0.23 25.25 21 1.6M 2.4M 28

AET 06/13 Saucer 50.38 -1.09 50.35 60 2.8M 1.2M 46.83
A pullback testing the 18 day MVA, but on stronger volume than we would like. Want it to hold above that 18 day (49.29).

AMGN 06/20 Put 40.45 -0.87 40.9 37 19M 13M 44.20
Down Friday on above average volume once again but showing a doji.

APSG 06/15 Test BO 11.95 +0.25 12.25 16 52K 43K 11
A good move again Friday but on lower, average volume. Needs to crank up the volume again on the next move.

ATH 06/22 Test BO 72.5 -0.04 72.75 86.75 1.1M 1.3M 67.66

ATH 06/08 BO 72.5 -0.04 72.25 86.75 1.1M 1.3M 67.19

ATMI 06/18 Put 20.52 -0.3 23.85 20.05 400K 462K 26
Falling and close to the target but volume backed off. If it stalls we will take profits.

AXP 06/19 Put 37.3 -0.11 37.75 34.05 10M 4.7M 41
Back down to the 50 day MVA on rising volume. Critical area. If it holds we have to exit.

BGG 05/11 Put 36.87 -1.01 39.4 35 144K 136K 42
Falling again and on stronger volume.

BL 05/21 cup hdl 23 -0.18 23.85 27.5 54K 16K 22
Thursday low volume move reversed on sharply higher volume. This is why we like to see the breakout.

BLC 05/25 Flat 23 -0.65 24.25 30 630K 260K 22.55
Right back down on stronger volume. Another one that did not give the strong breakout.

BPOP 06/15 cup hdl 33.22 +0.38 32.35 36.5 72K 110K 30.50
A doji on some very light volume Friday. Not bad action at all after the volume spike Friday.

BYBI 05/23 BO 11.13 +0.03 9.7 12.75 54K 50K 9.02
Holding at 11. Fine for now.

CAND 06/19 BO 4.2 -0.33 5.05 6.95 214K 292K 4.45
Surprising drop to the 50 day MVA. Volume still light, so we will see how it handles the 50 day MVA but won't let it fall below that level.

CAND 06/06 BO 4.2 -0.33 4.98 6.95 214K 292K 4

CBRL 06/15 Test BO 31.92 -0.25 32.5 40.25 1M 866K 30.22
Testing the 50 day MVA still on the lows on that above average volume. It needs to bounce here. We don't want to sit around in it if it cannot recover.

CERN 05/20 A Wedge 50.52 -1.61 56.1 60 498K 445K 53
Tanked to the 200 day MVA on above average volume. Exit on a bounce to 52.

CI 06/15 Put 98.35 -0.9 99.9 95.2 1M 762K 103.50
Falling again on rising volume, but 97.50 held it back Friday.

CMPC 06/12 Test BO 3.75 -0.01 4.1 5.63 77K 145K 3.55
A small tech holding the 50 day MVA and the pattern. Not all techs are bad.

CTX 05/11 Put 57.95 -0.01 53.5 49 1.5M 1.2M 56
Having some trouble with 58 for the second session. We are looking for that test of 56 to 54 to give us a better exit.

CVH 06/05 Test BO 31.11 -1.67 32.6 39 1M 448K 29
Falling to the 50 day MVA on rising volume, fallout from that Supreme Court ruling. Will let it test the 50 day MVA, but needs to hold at 30.

CYMI 06/03 Put 35.94 +0.62 39.45 33.8 1.9M 1.5M 44
Holding at 35 after Thursday's big drop. We may need to go ahead and close it out here with a decent gain.

DTC 06/17 cup hdl 12.06 +0.17 12.22 15 59K 60K 11.36

DVN 05/25 A Wedge 48.4 +0.4 50.95 61 1.2M 973K 47.38
Closed it Friday.

ECL 05/23 cup hdl 45.41 -0.69 47.8 57.36 433K 352K 44.45
A doji at the 50 day MVA. Waiting for the move.

ECOL 06/20 A Wedge 4 -0.02 4.35 5.96 9K 41K 3.65
Took the day off Friday.

ERTS 05/30 Cup 62 -1.36 66.12 79.5 2.4M 3M 61.49
Disappointing move back to the 50 day MVA after flirting with the breakout. Low volume. Hurt the pattern but did not ruin it.

FRX 06/10 Put 69.5 -1.94 72.45 68 1.3M 1.2M 75
Still diving lower.

FSS 05/22 DB hdl 25.1 -0.03 25.8 31 228K 196K 23.99
Still in the handle and holding above the 50 day MVA with a doji Friday.

FTEK 06/12 Test BO 6.71 -0.05 6.92 8.25 19K 66K 6.37

FTEK 06/01 A Wedge 6.71 -0.05 6.65 8 19K 66K 5.95

HGR 05/20 Test 50 14.8 -0.1 12.6 19 145K 129K 11.72
Holding up well with a doji testing the 18 day MVA on the low.

HI 05/20 Put 49.68 -0.12 53.45 48.5 2.7M 3M 56
Getting closer to the target. Still holding.

HLT 05/06 Put 13.79 +0.19 14.3 12 1.7M 1.9M 15.80
A nice gap lower but recovered back to the 18 day MVA.

HSIC 05/15 BO 48.1 -0.65 49.4 56.9 271K 288K 46.50
Tested the 50 day MVA on rising volume. Need to be careful here.

HSY 06/12 Put 64.95 -0.75 65.35 61 442K 460K 67.25
Tested the 18 day MVA on the high and then dropped back on stronger volume.

IBC 06/08 BO 28.8 +0.42 28.6 34.96 428K 253K 26.6
Nice move Friday.

IGT 06/22 Put 58.01 -0.33 57.7 53.5 851K 1M 61.50

IMDC 05/20 Put 27.54 -1.31 29.9 26 200K 213K 32
Still falling but at the 200 day MVA.

INTU 05/30 cup hdl 44.2 -3.04 45 54 7.8M 2.7M 41.85
Turned and got flogged. A failed breakout and we are not going to let it fall further.

IO 06/22 A Wedge 9.7 +0.45 9.95 12 193K 106K 9.12

ITN 05/13 DB hdl 12 -0.15 13 16.5 72K 102K 11.75
Tried to test the 50 day MVA and then reversed. Not gong to wait around further.

JBHT 06/01 A Wedge 31.05 +0.19 28.72 36 724K 487K 25.40

KROL 06/06 BO 21.55 +0.37 20.2 24 305K 376K 19.50
Holding at the 50 day MVA, but we are not adding to positions right now with this wild one. Wont let it go lower.

LGND 06/15 Put 13.97 +0.41 13.95 10.05 295K 598K 15.35
Back up with a doji at the 10 day MVA. Just wont give up and tank.

MMSI 06/22 cup hdl 18.79 +0.13 19.5 23.4 78K 160K 18.14

MNTR 06/15 Put 37.61 -0.39 35.95 32.2 112K 117K 38
A doji at the 50 day MVA on rising though still below average volume. Has not broken away yet, but if it does not fall this week we will close it.

MTB 06/11 Put 85.72 -0.02 82.95 77.75 265K 248K 85.60
Time to close it out.

NFB 06/22 Test 18 38.91 -0.39 39.2 45 710K 648K 37.50

NFB 04/13 BO 38.91 -0.39 36.55 43.5 710K 648K 37.50

NX 06/01 Test 50 44.15 +1.88 36.5 43.8 585K 121K 33.94
Flying on strong volume. Hit the target late in the session, so no alert. Inclined to just let it run.

OSI 05/29 Test BO 36.85 -0.42 39.05 46.94 445K 471K 36.32
Closed it out.

PBG 05/30 Test 18 33.1 -0.07 32.75 36 1.8M 1.2M 30.46
Volume surge Friday with a tight doji on the 18 day MVA. May be ready.

PCLE 06/08 BO 10.22 -1.2 11.5 19.94 1.5M 700K 10.25
Wow. Tanked like a rock Friday on strong volume. There was no news to account for this but PCLE is scheduled to release results on July 29. Did the bean counters see something? Held the 50 day MVA where there is also support at 10. If it breaks lower we will have to exit.

PCLE 05/06 cup hdl 10.22 -1.2 10.27 13 1.5M 700K 9.40

PETC 06/19 BO 24.2 -0.74 26.25 31 89K 253K 24
Just cannot get off of the 50 day MVA.

PETC 06/01 Test BO 24.2 -0.74 25.85 31 89K 253K 24.04
We won't let it go below 24.

PNR 06/08 Put 48.19 +0.13 44.7 39.75 316K 276K 47
Another doji on high volume. Looking for a test back to 46 to exit.

QCOM 06/05 Put 26.12 -0.21 31.5 25 30M 15M 33.50

RE 06/11 Put 60.05 +0.29 58.55 54 485K 582K 63
Another doji below the 18 day MVA. Looks ready to fall again.

REY 06/19 cup hdl 29.02 -0.49 31.15 37.38 296K 290K 28.97
Never gave the move.

SALM 06/03 cup hdl 28.91 +0.06 30.17 36.2 57K 66K 27.50
Still holding in the pattern.

SSNC 06/22 Test BO 13.24 +0.13 13.4 16 23K 70K 11.75

SSNC 06/15 A Wedge 13.24 +0.13 12.65 16 23K 70K 11.50

TEVA 06/04 cup hdl 63.42 +0.08 68.05 80 554K 885K 63.29
A doji at the 18 day MVA. Perhaps it will hang on here.

TEVA 05/15 BO 63.42 +0.08 62.1 67 554K 885K 60.50

XRAY 05/25 A Wedge 38.25 -0.79 40.35 48.25 1.2M 335K 37.53
Tried to extend the move but gave it all back on massive volume, closing just above the 50 day MVA. Needs to hold here at a minimum.

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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