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top stock pick, stock recommendation
Begin part 2 of 2
THE PLAYS:
Good moves: Take your pick again. Too many to list.
HAR (Harman Intl.--$59.91; +0.6; optionable): consuemr electronic equipment
http://biz.yahoo.com/p/h/har.html
STATUS: Testing the 18 day MVA. HAR broke out of its 6-month base in late October and is now moving up the short term MVA as a good breakout stock should. It is currently in the process of its second test; stocks usually give 4 to 5 moves up off the short term MVA before testing lower. Accumulation in the base is positive at 6 up weeks on rising volume to 4 down weeks on rising volume. Very good accumulation, and good money flow. The stock is ready to make its next move up the short term MVA.
Volume: 427.6K Avg Volume: 322.863K
BUY POINT: $60.55 Volume=488K Target=$70 Stop=$56.31
POSITION: HAR DL - April $60 and/or Stock
http://www.investmenthouse.com/ct/har.html
CONTINUING PLAYS:
Upside:
Play Date: 11/14/2002
BBOX (Black Box--$47.4; +1.73; optionable): Networking hardware
http://biz.yahoo.com/p/b/bbox.html
STATUS: Cup w/handle. BBOX is forming a wedge up the 18 day MVA on the low and 47.50 on the high as a cp to its cup pattern. Thursday it started up after a test of the 10 day MVA, showing some rising though still below average volume as it did. Looks very ready to make the breakout move.
Volume: 338.712K Avg Volume: 394.318K
BUY POINT: $47.15 Volume=550K Target=$55 Stop=$43.85
POSITION: QBX CI - Mar. $45c (64 delta) and/or Stock
http://www.investmenthouse.com/ct/bbox.html
New buy point:
IMN (Imation--$41.68; +0.68; optionable): PC disks and the like
http://biz.yahoo.com/p/i/imn.html
STATUS: Ascending wedge. IMN was an early leader in the rally, blasting off in October and running ahead of the market as it reported great earnings. It peaked out at 42 and has spent the past month moving laterally on mostly below average volume, showing good price/volume action as it does. Very solid action to consolidate the move. In a rising market, this is a very bullish pattern after a strong run; the stock is consolidating its strong move and is still strong as the higher lows in the wedge build that pressure up for the next breakout.
Volume: 439.1K Avg Volume: 478K
BUY POINT: $42.41 Volume=700K Target=$48 Stop=$39.44
POSITION: IMN DG - April $35c (68 delta) and/or Stock
http://www.investmenthouse.com/ct/imn.html
Play Date: 11/13/2002
JOSB (Joseph A. Banks--$25.5; -0.24; no options): Apparel
http://biz.yahoo.com/p/j/josb.html
STATUS: Breakout. JOSB is showing one of our favorite patterns, a combo cup w/handle followed by an ascending wedge up the 18 day MVA with a top at just over 26. We are seeking a lot of this in the market, and it is a very bullish pattern when the market is looking better. We like it because it often paves the way to even bigger moves.
Volume: 73.7K Avg Volume: 167.09K
BUY POINT: New: 26.05 (orig. $25.51) Volume=250K Target=$30.45 Stop=$23.35
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/josb.html
Play Date: 11/09/2002
NWRE (Neoware--$17.02; +0.87; optionable): Networking
http://biz.yahoo.com/p/n/nwre.html
STATUS: Cup w/handle. NWRE looks ready. Thursday it tried the move but could not hold it all, moving off the 10 day MVA on some rising, average volume. It looks to be flexing its muscles before making the move.
Volume: 578.431K Avg Volume: 697.954K
BUY POINT: $17.77 Volume=900K Target=$21.35 Stop=$16.53
POSITION: QQA CC - Mar. $15 c (74 delta) and/or Stock
http://www.investmenthouse.com/ct/nwre.html
WATCHLIST/ CONTINUING:
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
$OEX 11/01 BO 477.96 +10.87 457.5 485 13M 0 449
Current. Strong breakout move on volume. Getting close to the August high and the target.
ABFS 10/24 Test BO 29.3 +0.35 31.05 37 203K 475K 28.88
Exited.
ADI 11/06 Test BO 30.99 +1.18 26.5 32.45 5.5M 5.8M 26.97
APH 11/16 Rv H&S 44.1 +2.26 42.69 49.94 348K 300K 39.7
ARTI 11/02 Cup 16.98 -0.96 14.85 17.75 955K 150K 15.15
AVID 10/30 cup hdl 19.24 +0.04 15.65 18.51 367K 177K 16
BBOX 11/14 cup hdl 47.4 +1.73 47.15 55 339K 550K 43.85
BER 11/13 cup hdl 39.05 +0.05 38.4 45 940K 306K 35.71
BOH 10/26 cup hdl 30.46 +0.22 29.94 36 233K 427K 29.25
BRCM 08/17 Test 50 19.95 +2.3 19.2 19.8 28M 9M 17.25
BRL 10/29 Put 59.96 +1.83 57.35 54 562K 750K 59
CDWC 10/31 cup hdl 53.29 +1.34 53.81 62 3M 2.8M 51.74
CENT 10/15 Test BO 19.5 -0.23 18.55 22.25 118K 192K 19.05
CLE 10/26 Test BO 24.74 -0.21 25.05 30 656K 505K 24
CLE 09/07 DB hdl 24.74 -0.21 22.41 25.94 656K 365K 24.05
COLM 11/13 DB hdl 43.92 +1.67 41.96 48.45 324K 389K 40.95
CREE 11/07 Test BO 22.63 +1.14 19.15 24.45 2.9M 3.9M 18.25
CVD 11/05 Test BO 23.01 -0.19 23.65 28 392K 581K 21.75
DVA 11/02 cup hdl 25.55 -0.32 25.11 30 246K 520K 23.35
ELAB 10/14 BO 23.3 +0.21 23.05 27.65 298K 225K 22.35
ESPD 10/16 cup hdl 14.52 +0.81 12.75 15.3 845K 265K 13.24
EXBD 11/11 cup hdl 33.71 -0.33 34.65 40 241K 528K 32.22
GRMN 11/06 cup hdl 23.89 +0.42 22.34 26 395K 198K 22.04
HAR 11/21 Test 18 59.91 +0.6 60.55 70 428K 488K 56.31
HD 09/16 Test 50 24.98 +0.28 34.55 38 34M 10M 32.13
HYSL 11/06 Test BO 29.45 +1.21 28.11 33.75 798K 636K 25.94
IBM 11/11 Test 50 84.9 +3.29 78.45 82.45 13M 12M 77
IMN 11/22 A Wedge 41.68 +0.68 42.41 48 439K 700K 39.44
IMN 11/12 Test BO 41.68 +0.68 41.78 48 439K 700K 39.85
ISIL 11/02 Test 50 19 +0.86 18 22 5.5M 3.5M 16.85
ISSX 11/04 BO 24.17 +1.13 22.15 26.5 3.3M 3M 20.05
JOSB 11/13 Test BO 25.5 -0.24 25.51 30.45 74K 250K 23.35
KLAC 11/05 Test BO 42.85 +3.03 37.86 45 23M 20M 35.21
KLAC 10/19 BO 42.85 +3.03 33.05 38 23M 1.9M 34.94
KR 11/09 Put 15.5 +0.4 13.98 12 3.3M 6M 15.01
LBIX 10/14 cup hdl 3.7 +0.07 3.22 4.35 327K 145K 3.32
LGTO 11/04 BO 6.2 +0.77 4.65 6.25 3.5M 1.2M 4.45
LUK 11/16 cup hdl 38.55 +0.23 38.51 44.45 51K 125K 35.81
MSFT 11/13 Test BO 57.84 +1.22 56.15 62.55 42M 50M 54.25
MSFT 10/16 Test BO 57.84 +1.22 52.35 56.45 42M 50M 54.25
MTB 11/18 Put 80.98 +0.76 78.45 74.22 457K 500K 81.45
MXIM 11/09 Test BO 42.64 +3.08 34.25 41.25 18M 12M 33
NBIX 10/08 Rv H&S 48.1 +1.35 44.85 51.75 578K 1.1M 44.94
NWRE 11/09 BO 17.02 +0.87 17.77 21.35 578K 900K 16.53
OMX 05/28 Test 18 5.75 +0.17 7.65 11 728K 1.9M 6.60
PCLE 10/17 BO 14.29 +0.62 11.51 13.82 2.3M 800K 12.94
PIXR 11/20 BO 58.4 +2.29 56.74 65 633K 775K 52.77
POSS 11/18 Test BO 14.88 -0.56 15.01 18.45 368K 127K 13.75
PPDI 10/19 Test BO 29.95 -0.03 30 35 343K 1.4M 27.9
QCOM 11/07 Test BO 40.64 +1.49 34.78 40 22M 18M 36.25
QLGC 11/07 Test BO 44.5 +3.07 41.4 50 18M 25M 39
QQQ 11/02 BO 27.73 +0.99 25.96 28 106M 90M 24.55
Current. Very close to the target. On a morning surge we will take the gain.
RGIS 11/14 cup hdl 28.83 -0.41 30.35 33 356K 525K 28.23
Exited.
RGIS 10/26 cup hdl 28.83 -0.41 29.75 33 356K 525K 28.35
Exited.
RGIS 10/03 cup hdl 28.83 -0.41 28.84 33 356K 525K 28.35
Exited.
RINO 10/24 Test BO 16.22 +0.24 17.35 20.75 186K 225K 16.06
RINO 08/28 cup hdl 16.22 +0.24 13.8 20 186K 300K 16.06
ROOM 11/07 Cup 70.73 +1.79 65.25 75 1.1M 1.2M 60.68
RYAAY 11/18 Test BO 46.07 +2 43.55 50.35 214K 425K 41.25
SFAM 11/02 BO 6.52 +0.32 6.09 9 204K 400K 5.42
SNDK 10/30 cup hdl 26.76 +1.93 21.76 26.25 6.9M 3M 20.24
STI 11/18 Put 61 +0.94 59.49 56 1.3M 1.5M 60.85
SYK 09/23 cup hdl 66.93 +0.12 60.55 69.63 597K 1.1M 64.55
SYMC 10/21 Cup 45.81 +2.12 39.35 42.55 4.6M 5.5M 40.55
SYY 11/04 Test BO 31.3 +0.05 32.55 37 2.7M 4M 30.27
Exited.
SYY 10/23 Test BO 31.3 +0.05 31.75 37 2.7M 4M 30.75
Exited.
TRB 10/26 Test BO 47.37 -0.5 49.06 56.35 1.1M 1.5M 45.63
TSCO 10/16 Test BO 43.78 +1.13 39.05 46.85 490K 235K 39.55
VIP 11/09 Test BO 34.55 +4.35 30.06 35 1.3M 285K 28.45
VSEA 11/16 Rv H&S 30.3 +1.82 28.03 33 1.6M 1.4M 25.96
VZ 10/10 Test 50 40.64 +1.59 34.75 42 9.5M 10M 37.35
WEDC 10/19 BO 9.79 +0.15 9.45 12 67K 142K 9.15
WFR 11/14 cup hdl 8.54 +0.61 8.05 9.94 304K 325K 7.25
WOOF 11/16 cup hdl 15.89 +0.14 16.25 19.48 48K 175K 15.11
YHOO 11/04 BO 18.31 +0.31 17.08 20.55 14M 20M 15.95
ZBRA 11/20 BO 66.97 +2.16 65.05 74.75 940K 475K 60.55
ZION 11/19 Put 40.41 +0.71 37.97 35 587K 850K 40.75
ZMH 10/05 A Wedge 40.06 -1.73 39.68 47.55 1M 1.8M 40.35
Took the gain that was there to free up some money.
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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top stock pick
stock recommendation
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