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stock recommendation, stock investment information
Begin Part 2 of 2
THE PLAYS:
Good movers: WTW shot higher on strong volume and reported good earnings after hours. VFC nice move on nice volume. HGSI hit the target.
Monday plays:
NBTB: Another doji on very low volume. Looks ready.
USNA: Very tight as well, showing a doji on the 10 day MVA on low volume.
VFC: Rallying higher on even stronger volume.
WTW: Great move on strong volume.
Best Plays:
1) BRKL: Making a nice move.
2) DJX: Ready to make the move once the FOMC is finished.
3) Watchlist: WEDC looked good on better volume. ACL is making a lower volume test. SBIC looks great. TELK looks ready to make the move back up.
NEW PLAYS:
Upside:
BRKL (Brookline Bancorp--$12.05; +0.5; optionable): Savings & Loan
http://biz.yahoo.com/p/b/brkl.html
STATUS: Flat base/saucer base. BRKL rallied up to June and has since corrected back, moving in a tight, lateral consolidation through the July selling. Friday it started to move and Monday it made a big volume break higher. Accumulation is excellent at 4 rising weeks on rising volume to 1 declining week on rising volume.
Volume: 1.455M Avg Volume: 725.318K
BUY POINT: $12.11 Volume=1.1M Target=$15.12 Stop=$11.16
POSITION: URK JB - Oct. $10c (77 delta, no OI) and/or Stock
http://www.investmenthouse.com/cd/brkl.html
$DJX (1/100 Dow Industrials--$86.89; -0.56; optionable): Dow Jones mini
http://biz.yahoo.com/p/$/$djx.html
STATUS: Ascending wedge. After making a higher low in early August, the Dow is right back at the steady high near 87. This tracks the Dow and it may test the 18 day MVA (85.29) before making another try at a run. The FOMC meeting may provide the catalyst either way once the speculation becomes certainty.
Volume: 1.04M Avg Volume: 0
BUY POINT: $87.72 Volume=0 Target=$92.55 Stop=$84.95
POSITION: DJX ID - Sept. $82c (72 delta)
http://www.investmenthouse.com/cd/$djx.html
Revisited:
INTL (Inter-Tel--$20.78; +0.01; optionable): Telecom processing systems
Play Date: 08/05/2002
http://biz.yahoo.com/p/i/intl.html
STATUS: Double bottom w/handle. INTL Tested lower again on lower, below average volume. It is forming a 2-week handle to its pattern, a slow deliberate handle capping off the 6.5 month base. Looking for a high volume breakout here.
Volume: 120.7K Avg Volume: 214.636K
BUY POINT: $21.49 Volume=375K Target=$24.65 Stop=$19.99
POSITION: TPQ JW - Oct. $17.50 c (77 delta, low OI) and/or Stock
http://www.investmenthouse.com/cd/intl.html
MEMBER PORTFOLIO: CUB, EBAY, HOTT; LOW, NOC, PG, QLGC, RCII, SRCL, WM
CUB 07/06 Cup 20.75 +0.75 0 0 56K 0 0
Trying to form a reverse head and shoulders off the July low between the 200 day MVA and the 50 day MVA. A break over 21.40 on volume near 190,000 would be an entry point.
WM 08/03 A Wedge 38.5 +0.58 37.55 42.25 4.3M 5.2M 38.85
Current. Making the move. Volume could be better.
CONTINUING/WATCHLIST:
We have made a change to the table. Instead of average volume we have included the target volume.
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
$DJX 08/12 A Wedge 86.89 -0.56 87.72 92.55 1M 0 84.95
New.
ACL 08/06 DB hdl 34.92 +0.12 35.81 42.94 233K 900K 33.31
Buy not hit. Testing lower on low volume in the handle.
AMGN 08/03 Test 50 47.98 +0.25 44.75 52.65 9.7M 20M 44.75
Current. Holding tight even as volume backed off. Laying low until the next rally.
AMI 07/24 A Wedge 6.1 -0.15 6.77 9.94 36K 173K 6.45
Current. Testing the 50 day MVA, showing a doji on very, very low volume. Looks ready to bounce.
BRKL 08/12 BO 12.05 +0.5 12.11 15.12 1.5M 1.1M 11.16
New.
CFCP 07/29 A Wedge 14.18 +0.03 15.55 18.65 1.4K 55K 14.35
Buy not hit. Looks good in the pattern, at the bottom of the range on very, very low volume.
COL 08/08 Rv H&S 25.75 -0.15 26.19 30.94 380K 725K 24.36
Testing lower on low volume, holding above the 10 day MVA on the low and rallying back to close.
COLM 08/01 Dbl btm 35.78 -0.73 35 39.95 77K 275K 35.45
COLM 07/27 Dbl btm 35.78 -0.73 34.25 39.95 77K 275K 35.45
Current. Testing lower on lower volume. Maybe volume will come in on a move back up after the test.
CREE 07/15 BO 14.37 -0.08 14.05 17 1.4M 2.2M 13.07
Right at the 18 day MVA with a big doji.
CUB 07/06 Cup 20.73 -0.02 0 0 67K 0 0
CVTX 07/31 BO 26.36 +0.35 24.05 30 332K 1.3M 23.25
Current. Holding tough on light volume.
DELL 07/27 Rv H&S 25.9 +0.3 23.12 26.35 16M 30M 24.65
Current. Moving higher on lower volume. Earnings coming up this week and we anticipate a rally into that number.
DOCC 08/08 BO 13.85 +0.32 13.75 16.5 81K 200K 12.79
DOCC 07/25 BO 13.85 +0.32 11.9 14.25 81K 200K 12.65
Current. Rising but on lower volume. We need to see the rally on stronger volume.
DORL 07/30 Dbl btm 41.72 -0.74 37.96 45.55 1M 410K 39.55
Current. Was downgraded on a valuation basis and sold back but held up remarkably well. Stronger stocks do that.
DROOY 05/21 A Wedge 3.48 -0.05 4.85 7 1.9M 4M 4.30
EBAY 07/02 Test 50 57.96 +0.74 57.95 63 5.4M 600K 58.50
HGSI 07/22 Test 50 18.33 +0.46 15.31 19 1.7M 3.6M 17.75
Current. Rallied to target. Took some gains, let the rest ride.
HOTT 07/06 Test 50 15.2 -0.35 0 0 522K 1M 0
HRBT 07/30 Dbl btm 25.29 -0.96 27.61 31.75 34K 41K 25.68
Buy not hit. Tanking on rising volume.
IMN 08/06 cup hdl 31.16 -0.76 31.11 36.45 297K 200K 30.55
IMN 07/29 Flat 31.16 -0.76 30.26 36.45 297K 200K 30.55
Current. Testing the breakout again, tapping the 10 day MVA on the low on lower volume. So far so good though steeper than we wanted.
INTL 08/05 Dbl btm 20.78 +0.01 21.49 24.65 121K 375K 19.99
Buy not hit. Looks good.
IVGN 08/08 BO 36.29 -0.16 36.35 42.25 799K 1.5M 33.57
Current. Lower volume test lower, but recovered almost all of the loss. Good action.
JBLU 08/01 cup hdl 44.61 -1.14 48.65 54.45 277K 350K 44.85
Buy not hit. Still watching.
LOW 07/06 Test 50 34.64 -0.2 0 0 4.8M 0 0
MTXX 07/31 A Wedge 9.71 -0.03 10.05 12 4.6K 38K 9.35
Buy not hit. Tried to make the move gapping higher but reversed to close just a hair lower. Volume was very low.
NBTB 08/10 A Wedge 17.87 -0.02 18.35 22 21K 85K 17.07
Buy not hit. Holding up well.
NOC 07/06 Test 50 114.11 -2.46 0 0 1.4M 1.7M 0
Low volume test of the 50 day MVA.
PG 07/05 Put 90.85 -0.29 0 0 3.1M 4.5M 0
QLGC 08/07 Put 35.29 -0.61 38.25 34.35 14M 17M 36.55
Lower on lower volume, showing a doji near the August low. This may be all it gives. Not haning around.
RCII 07/06 Cup 53.27 +1.52 0 0 398K 0 0
Rallying over the 50 day MVA.
SBIB 08/08 Dbl btm 14.68 -0.2 15.35 18.35 21K 203K 14.28
Buy not hit. Looking very good.
SCIO 07/29 cup hdl 29 +0.39 32.55 39 1.1M 1.5M 29.95
Recovered over the 50 day MVA on the close. Low volume.
SRCL 07/13 Dbl btm 33.75 +0.59 35.25 42.25 528K 558K 32.78
SSD 08/01 PreSplt 59.35 -0.95 58.05 68 15K 25K 57.85
Current. Tested the 50 day MVA on the low and rallied back on lower volume. Not bad action, but needs to hold on.
TELK 08/03 Test BO 13.6 -0.28 14.65 17.65 263K 400K 13.05
Current. Very nice test of the 18 day MVA.
USNA 08/10 cup hdl 6.86 -0.09 7.35 10 23K 65K 6.55
Buy not hit. Doji right on the 10 day MVA on slightly rising volume. Looks ready.
VALM 07/29 BO 20.78 -0.09 22.38 26.85 74K 120K 20.81
Buy not hit. Looks as if it is struggling a bit on some higher volume though it is holding the 18 day MVA.
VFC 08/10 DB hdl 41.79 +0.54 40.65 45 556K 440K 40.05
Current. Hit the buy today on rising volume.
WEDC 08/07 A Wedge 7.48 +0.1 7.63 9.85 65K 105K 7.1
Buy not hit. Tested the 18 day MVA on the low and rallied to close on the high on rising though slightly below average volume. Looks good.
WM 08/03 A Wedge 38.3 -0.2 37.55 42.25 2.6M 5.2M 38.85
Current. Tested lower but it too rallied back to close near the session high. Volume backed off; looks like a consolidation session.
WTW 08/10 BO 44.92 +1.22 44.44 49.75 722K 546K 42.74
Current. Blasted higher on strong volume and then reported strong results after hours and was up another dollar.
WTW 05/23 Test BO 44.92 +1.22 43.7 50 722K 250K 42.74
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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