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stock recommendation, stock investment information
Begin Part 2 of 2
THE PLAYS
Good movers: NWRE
NEW PLAYS
PRX (Pharmaceutical Resources--$27.55; -0.4; optionable): Generic drugs
http://biz.yahoo.com/p/p/prx.html
STATUS: Cup w/handle. In a 10-week base showing good accumulation at 2 upside weeks on rising volume to zero down weeks on rising volume. The handle is about two weeks old and has formed on below average volume. Good action and we look for the breakout to give us a move worth this accumulation.
Volume: 269.6K Avg Volume: 336.09K
BUY POINT: $28.91 Volume=525K Target=$34.65 Stop=$26.89
POSITION: PRX KE - Nov. $25c (71 delta) and/or Stock
http://www.investmenthouse.com/ct/prx.html
Continuing:
CELG (Celgene--$19.05; +0.22; optionable): Biotechnology
Play Date: 08/17/2002
http://biz.yahoo.com/p/c/celg.html
STATUS: A very nice consolidation to the 10 day MVA after the run off the 50 day MVA this month. The short term moving averages tend to act as support in a continuing trend after the 50 day MVA is tested. Tuesday showed the addition of some rising volume on the test; that often indicates a stock is nearing a point where it will resume a strong move higher. Money flow continues to race up ahead of the price as it pulls back. Very good action.
Volume: 809.896K Avg Volume: 1M
BUY POINT: $19.85 Volume=1M Target=$23.85 Stop=$18.46
POSITION: LQH JC - Oct. $15 c (85 delta) and/or Stock
http://www.investmenthouse.com/ct/celg.html
DNA (Genentech--$35; +0.98; optionable): Biotechnology
Play Date: 08/17/2002
http://biz.yahoo.com/p/d/dna.html
STATUS: Testing the 50 day MVA. We were just about ready to issue a buy alert on Tuesday, but held off. DNA was making a strong move Tuesday on some rising though lower volume. It hit a high of 36.31 but then backed off. Looks ready, we just need to see the move.
Volume: 3.162M Avg Volume: 2.583M
BUY POINT: $35.65 Volume=3.2M Target=$39.88 Stop=$33.15
POSITION: DNA LF - Dec. $30c (68 delta) OR DNA LE - Dec. $25c (83 delta) and/or Stock
http://www.investmenthouse.com/ct/dna.html
SIE (Sierra Health Services--$22.9; +0.55; optionable): Health care plans
http://biz.yahoo.com/p/s/sie.html
STATUS: Ascending wedge. SIE has moved up well and is now consolidating that move with a bullish ascending wedge pattern, a pattern. This pattern shows constant tops and rising lows. The lows have been moving up the 18 day MVA and the stock is pinching in the end of the pattern. Looks ready for an upside breakout.
Volume: 219.2K Avg Volume: 386.545K
BUY POINT: $23.35 Volume=408K Target=$27.94 Stop=$21.72
POSITION: SIE LD - Dec. $20c (85 delta, low OI) and/or Stock
http://www.investmenthouse.com/ct/sie.html
WATCHLIST/ CONTINUING:
NOTE: We have placed target volume in place of average volume so you can gauge how the stock is performing relative to our target.
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
$OEX 08/12 A Wedge 474.03 -6.81 459.24 485 7.7M 0 467
Current. Holding above the 50 day MVA on this pullback.
APOL 08/15 A Wedge 41.13 -0.91 40.65 48 2.1M 3.3M 39.94
Current. Testing the big move on very low volume. 40ish should hold.
BRCD 07/17 BO 15.74 -0.44 19.8 25 13M 17M 19
BRCM 08/17 Test 50 19.12 -1.01 19.2 19.8 7M 9M 17.25
CBH 08/19 cup hdl 45.85 -0.6 47.25 54.33 300K 902K 43.94
CCR 08/06 BO 53.5 -0.25 50.55 58.55 952K 2M 51.95
CELG 08/17 Test BO 19.05 +0.22 19.85 23.85 810K 1M 18.46
CREE 08/15 A Wedge 16.49 -1.05 15.42 18 2.3M 2.9M 15.94
Current. Big price move back to close below the 200 day MVA as chips suffered. Volume was lower. Looking for 16 to hold and a return to the rally.
CSL 08/17 A Wedge 46.14 +0.03 45.55 50 214K 275K 42.36
Current. Holding at the high on lower, average volume.
CSL 08/10 A Wedge 46.14 +0.03 44.44 50 214K 275K 43.75
CSTR 08/12 cup hdl 32.68 -0.42 32.5 36.65 316K 359K 30.22
Current. Testing the 10 day MVA and rebounding on rising, above average volume.
CYMI 08/17 BO 28.51 -1.01 27.95 31 1.1M 2M 28.45
DNA 08/17 Test 50 35 +0.98 35.65 39.88 3.2M 3.2M 33.15
DNA 08/03 Test 50 35 +0.98 33.65 39.88 3.2M 3.2M 33.45
FSH 08/10 BO 28.71 -0.69 28.76 33 129K 350K 27.85
HGSI 08/14 Test 18 17.12 +0.14 18.15 23 1.5M 3.5M 16.65
INLD 08/03 A Wedge 3.07 +0.02 3.45 5.05 250K 1.1M 2.95
ISIS 07/31 BO 11.11 +0.11 9.05 12 383K 936K 9.94
ISLE 08/19 cup hdl 21.71 +0.7 22.02 26.15 354K 392K 20.25
IVGN 08/03 BO 36.07 -0.68 36.1 39.88 1.3M 1.5M 33.57
IWM 08/17 A Wedge 79.65 -0.4 79.02 82.65 1.2M 2M 77.25
Current. Good test.
MIK 08/10 DB hdl 41.55 -0.37 38.85 44.25 404K 800K 39.88
NBIX 08/08 Cup 38.02 -0.61 39.65 45 596K 800K 36.87
NWRE 08/19 Test 18 16.1 +1.15 15.05 17.94 1.1M 410K 13.88
OSTE 08/10 cup hdl 10.45 -0.21 9.42 12.5 235K 195K 9.35
PDX 08/10 Test 50 32.02 +0.49 30.55 34.55 244K 425K 28.41
PRX 08/20 cup hdl 27.55 -0.4 28.91 34.65 270K 525K 26.89
SIE 08/08 Test 50 22.9 +0.55 23.35 27.96 219K 500K 21.98
STEM 07/27 Test 50 1.27 +0.01 1.87 2.45 44K 80K 1.74
TELK 07/25 Flat 13.9 -0.02 13.35 16 86K 200K 13
TEN 08/08 Test BO 7 -0.14 7.55 9.94 94K 225K 7.15
TEN 07/27 Test BO 7 -0.14 7.43 9.94 94K 250K 7.15
TEVA 08/12 DB hdl 68.15 -0.63 68.25 77.85 973K 1.2M 66.50
TKTX 08/07 Put 38.01 +0.01 37.65 33.65 191K 858K 38.85
TTWO 08/17 cup hdl 25.28 -0.72 24.75 29.85 1.1M 1.5M 23.55
UNTD 08/17 cup hdl 13.5 +0.41 12.03 14.65 2M 785K 11.19
USPI 08/05 DB hdl 30.16 +0.17 30.22 34.35 220K 575K 28.11
VARI 08/13 Test BO 34.44 -0.61 34.25 40 158K 415K 32
VARI 08/07 Rv H&S 34.44 -0.61 34.95 40 158K 363K 33.95
VFC 08/10 DB hdl 42.6 -0.15 40.65 45 252K 440K 41.55
WSFS 08/10 Rv H&S 29.75 +0.29 26.25 30.25 67K 65K 27.75
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 investment information
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