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trade stock, stock research
Begin Part 2 of 3
We apologize for the tardiness. We have experienced server problems while some of the writers are in transit for the holidays - - never a good combination.
THE PLAYS:
Good moves: ARTI; BBOX; CREE; ESPD; HAR; IBM; ISSX; NWRE; PECS; TSCO; VIP etc.
Best Plays:
1) AVP: Nice pattern.
2) BOBJ: Looks ready for a nice trade up to the 200 day MVA.
3) IMN: Trying to start the next leg.
4) PECS: Still a buy on this move.
5) JOSB: Very tight pattern.
6) MSN: Still working on its handle.
7) UTHR: Nice pullback.
8) ZBRA: Very nice test of the breakout.
New Plays:
AVP (Avon Products--$52.02; -0.37; optionable): Cosmetics and personal products
http://biz.yahoo.com/p/a/avp.html
STATUS: Double bottom w/handle. It may not be sexy (but then again, maybe it is), but AVP sells a lot of product with its efficient distribution network. That translates to bottom line profit growth, and that is what the pattern is showing in the 7-month base sporting positive accumulation. What is characteristic of many stocks that have gone on to post big breakouts is the money flow that is racing up ahead of the price even as the stock moves laterally to form the handle to the base. It has a really nice handle forming over the 10 day MVA (51.65) as it tests back on some lower volume. AVP is capable of delivering excellent moves, so don't let the sector dissuade you.
Volume: 812.8K Avg Volume: 1.285M
BUY POINT: $52.94 Volume=1.8M Target=$61 Stop=$50.25
POSITION: AVP DJ - April. $50c (66 delta) and/or Stock
http://www.investmenthouse.com/ct/avp.html
BOBJ (Business Objects--$19.44; +0.76; optionable): Business software
http://biz.yahoo.com/p/b/bobj.html
STATUS: Reverse H&S trade. Coming off the bottom of its base, BOBJ is one of the many business services stocks that is showing good signs of buying. Accumulation is positive and money flow is racing up ahead of the stock. This is not one that we plan on buying and holding forever, but it is one that has formed a nice upside pattern off the lows and it looks ready to give us a good trade up toward the 200 day MVA just over 25.
Volume: 982.627K Avg Volume: 1.464M
BUY POINT: $20.18 Volume=1.8M Target=$24.94 Stop=$18.77
POSITION: BBQ DW - April $17.50c (70 delta, low OI) and/or Stock
http://www.investmenthouse.com/ct/bobj.html
CONTINUING PLAYS:
Upside:
Play Date: 11/23/2002
ACTI (Activecard--$9.15; +0.11; no options): Security software
http://biz.yahoo.com/p/a/acti.html
STATUS: Cup w/handle. It was on the verge of the breakout Monday, hitting 9.35 on the high on some massive volume, but it backed off on the close. Still watching it closely for the breakout of that 12-month base. There is massive volume in this stock; when it goes it could be like that watermelon seed squirting out.
Volume: 920.323K Avg Volume: 118.09K
BUY POINT: $9.28 Volume=165K Target=$11.88 Stop=$8.56
POSITION: Stock (no option chain)
http://www.investmenthouse.com/ct/acti.html
Play Date: 11/14/2002
BBOX (Black Box--$49.63; +1.98; optionable): Networking & communications hardware
http://biz.yahoo.com/p/b/bbox.html
STATUS: Cup w/handle. Started the move Monday on average volume. We wanted more, but liked the move enough to go ahead and enter. On a bit of a test of the move it will be back w/in the buy range (49.50 is about as far as you want to chase it). If it tests back and starts up that is another opportunity to get in.
Volume: 408.505K Avg Volume: 397.136K
BUY POINT: New: test back to 49 (orig. $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
Play Date: 10/31/2002
CDWC (CDW Computer Centers--$52.66; +0.51; optionable): Wholesale computers
http://biz.yahoo.com/p/c/cdwc.html
STATUS: Cup w/handle. Be ready for this one. Money flow is still rising even as the stock moves laterally above the 18 day MVA (52.25) on lower volume. Showed some good volume in recovering from a shakeout last week. That shakeout can clear the way for the bigger breakout. Again, keep an eye out for this one on some big volume.
Volume: 1.282M Avg Volume: 1.919M
BUY POINT: $53.81 Volume=2.8M Target=$62 Stop=$51.74
POSITION: DWQ DK - April $55c (55 delta) and/or Stock
http://www.investmenthouse.com/ct/cdwc.html
Play Date: 11/05/2002
CVD (Covance--$23.14; -0.48; optionable): Research services
http://biz.yahoo.com/p/c/cvd.html
STATUS: Breakout. Tested the 18 day MVA on the low (22.33) and then recovered as volume jumped back up above average. Such tests are okay as buyers piled back in to buy it when it was down, but we need to be careful if the sellers return and no buyers are left to help it out. Accumulation remains solid as does money flow, but It has not been able to deliver the breakaway move yet. Need to see it break cleary over the 24 level with some strong volume.
Volume: 497.3K Avg Volume: 392.227K
BUY POINT: $23.65 Volume=581K Target=$28 Stop=$22.25
POSITION: CVD ED - May $20c (68 delta, low OI) and/or Stock
http://www.investmenthouse.com/ct/cvd.html
Play Date: 11/23/2002
FFIV (F5 Networks--$14.08; 0; optionable): Internet software
http://biz.yahoo.com/p/f/ffiv.html
STATUS: Cup w/handle. Tried to make the move but did not have much volume behind it, and that brought it back to flat. May come back to test the 200 day MVA at 13.40 and then make another run at the breakout. Accumulation is positive at 4 up weeks on rising volume to 3 down weeks on rising volume.
Volume: 332.58K Avg Volume: 503.636K
BUY POINT: $14.54 Volume=750K Target=$17.97 Stop=$13.45
POSITION: FLK DV - April $12.50c (70 delta, low OI) and/or Stock
http://www.investmenthouse.com/ct/ffiv.html
Play Date: 11/12/2002
IMN (Imation--$42.12; +0.46; optionable): PC disks and the like
http://biz.yahoo.com/p/i/imn.html
STATUS: Ascending wedge. Still working laterally, showing a good volume surge Monday that moved us into some partial positions. It could not hold all of the move in a rather wide range from the 10 day MVA (41) up to 42.75. We will be patient now and wait for the next breakout move to complete the positions.
Volume: 834.8K Avg Volume: 479.59K
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--$25.86; -0.08; no options): Apparel
http://biz.yahoo.com/p/j/josb.html
STATUS: Cup w/handle/ascending wedge combo. Really tightening up in the ascending wedge on top of the cup w/handle breakout. Volume remained low as it continued to work along the 10 day MVA. Very good looking pattern.
Volume: 57.4K Avg Volume: 159.863K
BUY POINT: $25.51 Volume=250K Target=$30.45 Stop=$23.35
POSITION: Stock (no option chain)
http://www.investmenthouse.com/ct/josb.html
Play Date: 11/23/2002
MSN (Emerson Radio--$3.78; +0.07; no options): Electronic equipment
http://biz.yahoo.com/p/m/msn.html
STATUS: Cup w/handle. Still working on the handle to the nice little base, moving laterally on even lower below average volume. Looks ready to make the move at any time. Accumulation at 3 weeks to 2 distribution weeks.
Volume: 69.9K Avg Volume: 138.454K
BUY POINT: $3.98 Volume=150K Target=$5.48 Stop=$3.7
POSITION: Stock (no option chain)
http://www.investmenthouse.com/ct/msn.html
Play Date: 11/09/2002
MXIM (Maxim Integrated--$42.92; +1.02; optionable): Semiconductors
http://biz.yahoo.com/p/m/mxim.html
STATUS: Testing the breakout over the 200 day MVA (40.50). Did not have a huge move in the semi rally as volume slide a bit more. Still looks very good after the breakout over the 200 day MVA. All it needs is a bit more volume.
Volume: 9.751M Avg Volume: 10.529M
BUY POINT: New positions: From here on some volume (orig. $34.25) Volume=12M Target=New: 50 (orig. positions $45) Stop=$39.94
POSITION: XIQ BG - Feb. $35c (69 delta) and/or Stock
http://www.investmenthouse.com/ct/mxim.html
Play Date: 10/08/2002
NBIX (Neurocrine Biosciences--$48.27; +0.04; optionable): Biotechnology
http://biz.yahoo.com/p/n/nbix.html
STATUS: NBIX is a current play and is now forming a little double bottom with handle or an ascending wedge right over the 18 day MVA, working laterally the past 3+ weeks on lower volume. It likes to form these patterns and then blast off on the next run. Looks as if it is ready to start the next leg here.
Volume: 539.41K Avg Volume: 642.454K
BUY POINT: New positions: 49.05 (orig. $44.85) Volume=1.1M Target=56 (orig. positions $51.75) Stop=$44.94
POSITION: UOT BH - Feb. $40c (60 delta) and/or Stock
http://www.investmenthouse.com/ct/nbix.html
Play Date: 11/09/2002
NWRE (Neoware--$20.91; +3.16; optionable): Networking, communication hardware
http://biz.yahoo.com/p/n/nwre.html
STATUS: Cup w/handle. It was on the verge and it blasted off Monday. No new positions right now.
Volume: 2.669M Avg Volume: 682.59K
BUY POINT: No new positions (orig. $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
Play Date: 11/23/2002
PECS (PEC Solutions--$37.25; +3.21; optionable): Business management services
http://biz.yahoo.com/p/p/pecs.html
STATUS: Cup w/handle. Ditto. Wasted no time making the breakout. Very nice move. Still in the buy zone on this breakout.
Volume: 1.668M Avg Volume: 348.5K
BUY POINT: New positions: up to 37.55 (orig. $36.32) Volume=650K Target=$43.65 Stop=$33.78
POSITION: PQD DF - April $30c (70 delta, low OI) and/or Stock
http://www.investmenthouse.com/ct/pecs.html
Play Date: 11/23/2002
PVSW (Pervasive Software--$4.17; +0.17; no options): Application software
http://biz.yahoo.com/p/p/pvsw.html
STATUS: Cup w/handle. Starting the breakout of the 11-month base on some rising, average volume. Needs a bit more push in trade to get it to make the breakout, but it looks solid. Accumulation is also solid at 8 up weeks on rising volume to 5 down weeks on lower volume. Still looking for something dramatic.
Volume: 73.3K Avg Volume: 66.272K
BUY POINT: $4.27 Volume=125K Target=$5.35 Stop=$3.97
POSITION: Stock (no option chain)
http://www.investmenthouse.com/ct/pvsw.html
Play Date: 11/12/2002
UTHR (United Therapeutics--$16.9; -0.12; no options): Drugs
http://biz.yahoo.com/p/u/uthr.html
STATUS: Nice test, coming back to the 10 day MVA on the low (16.66) after trying to make the sdtrong move last Thursday but giving most of it back. It is holding up rather well, and we want it to move up off the 10 day with some big volume once again. The pattern still looks very good with its 10-week cup now forming the handle.
Volume: 145.48K Avg Volume: 176.59K
BUY POINT: $17.65 Volume=295K Target=$21.45 Stop=$16.21
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/uthr.html
Play Date: 11/23/2002
VZ (Verizon Communications--$41; +1; optionable): Telecom service - - can you hear it?
http://biz.yahoo.com/p/v/vz.html
STATUS: Testing the breakout. Edged higher Monday but could not generate any volume. It kept us out of new positions; it may just do the low volume rise into the holiday. We would tend to just let our current positions ride if that is the case.
Volume: 6.636M Avg Volume: 8.284M
BUY POINT: Aggressive: from here (orig. for this buy point $40.45) Volume=11M Target=$45 Stop=$37.62
POSITION: VZ DU - April $37.50c (67 delta) and/or Stock
http://www.investmenthouse.com/ct/vz.html
Play Date: 11/20/2002
ZBRA (Zebra Technologies--$65.73; -0.19; optionable): PC peripherals
http://biz.yahoo.com/p/z/zbra.html
STATUS: Testing the breakout. ZBRA blasted off last week, jumping off the 18 day MVA on some heavy volume. It has turned to test the 10 day MVA Monday on the low (64.22) and rebounded back up. Volume on the test the past two sessions has been low, and we look for ZBRA to take off again here and give us another entry point to fill out the buy.
Volume: 288.706K Avg Volume: 304.59K
BUY POINT: $66.35 Volume=475K Target=$74.75 Stop=$62
POSITION: ZBQ EM - May $65c (57 delta, low OI) and/or Stock
http://www.investmenthouse.com/ct/zbra.html
End Part 2 of 3
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