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stock recommendation, stock investment information
Begin Part 2 of 2
THE PLAYS:
Good moves: AVP; WFR; UNTD
New Plays:
Upside
CREE (Cree, Inc.--$19.03; +0.12; optionable): Chip equipment
http://biz.yahoo.com/p/c/cree.html
STATUS: Testing the 50 day MVA (18.60). After surging up the short term MVA October through November, CREE needed a test lower, and as usual it tested down to the 50 day MVA when it did. Tuesday it showed a very gith doji with tail as volume moved back above average. A test of the 50 day MVA should be accompanied by a volume surge as buyers move back in. CREE was an early leader, and this could turn out to be an excellent entry point. Want to see the next move up on some more strong volume to jump on board.
Volume: 3.358M Avg Volume: 2.726M
BUY POINT: $19.65 Volume=4.1M Target=$24.25 Stop=$18.27
POSITION: CVO FW - June $17.50c (69 delta, low OI) and/or Stock
http://www.investmenthouse.com/ct/cree.html
ADTN (Adtran--$31.45; +0.65; optionable): Telecom equipment
http://biz.yahoo.com/p/a/adtn.html
STATUS: Testing the 18 day MVA (30.75). ADTN was another stock that led up out of the October low. Now it has run a long way and is makign its second test of the 18 day MVA after the strong breakout in late October. What we are looking at this play for is to catch another run up off the 18 day MVA, and ADTN's runs can be quite nice, running from $6 to $8. Tuesday the stock started up off this level on some rising though still below average volume. Looking for some more volume to catch the next run up and pocket some good gain. Accumulation is solid at 8 accumulation weeks to 5 distribution weeks, and money flow is running up right now before the stock makes its turn off the 18 day MVA, a bullish signal.
Volume: 505.632K Avg Volume: 515.545K
BUY POINT: $32.05 Volume=800K Target=$38.45 Stop=$29.81
POSITION: RQA EF - May $30c (64 delta, low OI) and/or Stock
http://www.investmenthouse.com/ct/adtn.html
CONTINUING PLAYS:
Upside:
Play Date: 12/09/2002
JEC (Jacobs Engineering--$35.8; +0.22; optionable): Heavy construction
http://biz.yahoo.com/p/j/jec.html
STATUS: Cup w/handle. Working in a very tight handle to its 7-month base, holding above the 10 day MVA as it does (35.65). Volume jumped higher Tuesday, coming in above average. Very solid accumulation and money flow continues to work higher ahead of the stock.
Volume: 321.7K Avg Volume: 288.136K
BUY POINT: $36.75 Volume=465K Target=$42 Stop=$34.18
POSITION: JEC DF - April $30c (80 delta, low OI) and/or Stock
http://www.investmenthouse.com/ct/jec.html
Play Date: 11/14/2002
WFR (Memc Electronic--$9.29; +0.86; no options): Semiconductor
http://biz.yahoo.com/p/w/wfr.html
STATUS: Cup w/handle. Starting up in the handle of the 8-month base though volume did not move up with the price. Relative strength broke out ahead of the stock, a bullish sign. Now all it needs is some volume to send it off.
Volume: 117.6K Avg Volume: 184.136K
BUY POINT: New: $9.57 (orig. $8.45). Volume=325K Target=$11 Stop=$8.12
POSITION: - Stock
http://www.investmenthouse.com/ct/wfr.html
WATCHLIST/ CONTINUING:
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
$OEX 12/07 Test 50 460.49 +6.50 466.74 486 6.9M 1.5M 455.45
Current. Moved in with an alert in the last hour.
$SOX 12/07 Test 50 323.01 +15.39 335.15 385 5M 0 324.94
Buy not hit.
ADTN 12/10 Test 18 31.45 +0.65 32.05 38.45 506K 800K 29.81
New.
AFCO 12/07 Test BO 18.75 +0.86 20.85 25 141K 225K 18.79
Buy not hit.
AVID 12/07 Test 18 19 -0.36 19.65 23.65 272K 500K 18.05
Buy Not Hit.
AVID 10/30 cup hdl 19 -0.36 15.65 20.45 272K 177K 17.35
Buy Not Hit.
AVP 11/25 cup hdl 54.75 +2.5 52.94 61 3.7M 1.8M 50.25
Current.
BBOX 11/14 cup hdl 47.4 +1.78 48.45 56 481K 550K 46.65
BER 11/13 cup hdl 38.95 +0.15 38.4 45 220K 306K 37.65
Current.
BGEN 12/07 Test 18 41.72 -0.45 43.94 51 2.5M 4M 40.86
Buy Not Hit.
BOH 10/26 cup hdl 30.45 +0.42 29.94 36 210K 427K 29.25
Current.
BRCM 08/17 Test 50 16.26 +0.57 19.2 19.8 11M 9M 17.25
Current.
BRL 10/29 Put 66.16 +0.48 57.35 54 258K 750K 59
BVF 12/05 Test BO 32.95 +0.59 34.65 40 909K 900K 32.22
Buy Not Hit.
CLE 12/04 A Wedge 24.23 +0.37 26.05 31 423K 505K 23.85
CLE 10/26 Test BO 24.23 +0.37 25.05 30 423K 505K 24
Current.
CLE 09/07 DB hdl 24.23 +0.37 22.41 25.94 423K 365K 24.05
Current.
COLM 11/13 DB hdl 44.77 +0.84 41.96 48.45 222K 389K 41.94
Current.
CREE 12/10 Test 50 19.03 +0.12 19.65 24.25 3.4M 4.1M 18.27
New.
CVD 11/05 Test BO 24.13 +0.83 23.65 28 647K 581K 22.25
Current.
CVH 12/09 Put 29.42 +0.23 29.04 26 415K 820K 31.45
Current.
DMRC 11/30 cup hdl 15.24 +0.48 17.01 20.45 31K 100K 15.65
Buy Not Hit.
ELAB 10/14 BO 21.48 -1.42 23.05 27.65 405K 225K 22.55
Exited.
EXBD 11/11 cup hdl 32.98 +1.11 34.65 40 175K 528K 32.22
Buy Not Issued.
FRGO 11/30 Test BO 11.79 +0.05 12.49 15 278K 270K 11.62
Current.
GILD 11/06 BO 37.58 -0.72 38.38 46 3.8M 5.8M 36.65
Current.
GRMN 11/06 cup hdl 24.69 +0.68 22.34 26 163K 198K 22.82
Current.
HAR 11/21 Test 18 58.9 +1.65 61.6 70 338K 488K 59.85
Current.
HD 09/16 Test 50 26.9 +1.15 34.55 38 16M 10M 32.13
Current.
HYSL 11/06 Test BO 27.61 +1.27 28.11 33.75 303K 636K 27.15
Exited.
IBM 12/04 Test 50 80.8 +1.21 84.94 94.94 6.9M 12M 78.99
Current.
IBM 11/11 Test 50 80.8 +1.21 78.45 88 6.9M 12M 82.24
Current.
ICOS 12/05 Test 18 29.73 -0.05 31.45 38 508K 1.2M 29.25
Buy Not Hit.
IMCL 12/09 Test 18 12.49 -0.41 14.05 17.25 1.5M 2.5M 12.56
Buy not hit.
ISSX 11/30 Test BO 21.06 +1.16 25.05 31 3M 2.5M 23.3
Buy Not Hit.
ISSX 11/04 BO 21.06 +1.16 22.15 26.5 3M 3M 22.35
Current.
JEC 12/09 cup hdl 35.8 +0.22 36.75 42 322K 465K 34.18
Buy not hit.
JOSB 11/13 Test BO 22.98 -1.35 25.51 30.45 139K 250K 23.35
Exited.
LBIX 10/14 cup hdl 3.17 +0.42 3.22 4.35 185K 145K 3.32
Current.
LUK 11/16 cup hdl 39.5 +0.26 38.51 44.45 56K 125K 37.97
Current.
MSFT 12/04 Test 18 54.01 +0.48 56.61 62.75 32M 67M 54.45
MSFT 11/13 Test BO 54.01 +0.48 56.15 62.55 32M 50M 55.74
MSFT 10/16 Test BO 54.01 +0.48 52.35 59 32M 50M 55.74
MSN 12/04 cup hdl 4.3 -0.13 4.85 6.35 96K 150K 4.51
Buy Not Hit.
MSN 11/23 cup hdl 4.3 -0.13 4.15 5.68 96K 150K 3.48
Current.
MTB 11/18 Put 79.14 +1.24 78.45 74.22 248K 500K 81.45
NBIX 10/08 Rv H&S 45 +0.33 44.85 51.75 298K 1.1M 44.94
Current.
PCLE 10/17 BO 13.92 +0.57 11.51 13.82 557K 800K 12.94
PFGC 12/09 Put 34.75 +0.59 33.97 31.75 401K 475K 34.75
Buy not hit.
PIXR 11/20 BO 58.62 -0.04 57.85 66 421K 775K 55.35
Current.
PVSW 11/23 Cup 4.06 +0.01 4.27 5.35 46K 125 3.97 Buy Not Hit.
QCOM 12/04 Test 18 39.61 +0.42 40.85 50 13M 18M 37.99
QCOM 11/07 Test BO 39.61 +0.42 34.78 42 13M 18M 38.14
Current.
QLGC 11/07 Test BO 37.66 +1.04 41.4 50 11M 25M 39.88
RINO 10/24 Test BO 18.57 +0.72 17.35 20.75 246K 225K 16.95
Current.
RINO 08/28 cup hdl 18.57 +0.72 13.8 20 246K 300K 16.95
Current.
ROOM 11/07 Cup 62.11 -2.14 65.25 75 1.4M 1.2M 67.25
Current.
RYAAY 11/18 Test BO 42.88 -0.17 43.55 50.35 263K 425K 43.94
SAFC 12/07 A Wedge 35.45 +0.74 36.69 41 558K 1.5M 34.12
Buy Not Hit.
SFAM 11/02 BO 5.68 -0.05 6.09 9 120K 400K 5.88
SFNT 12/06 Test 50 23.9 +0.11 25.65 32.45 290K 188K 23.85
Buy Not Hit.
SINA 12/04 Test BO 5.04 -0.04 5.58 7.21 1.2M 950K 4.97
Buy Not Hit.
SJM 12/02 Test BO 38.8 +0.38 40.15 48 189K 476K 37.65
Buy Not Hit.
STI 11/18 Put 57.43 +0.95 59.49 56 998K 1.5M 60.85
TK 12/07 cup hdl 37.65 +0.53 39.25 46.65 95K 235K 36.15
Buy Not Hit.
TMCS 11/26 Test BO 22.92 +0.25 26.45 31.75 1M 1.2M 24.61
Current.
TSCO 12/07 Test 18 42.64 +0.22 45.44 51.44 139K 475K 42.26
Buy Not Hit.
TSCO 10/16 Test BO 42.64 +0.22 39.05 46.85 139K 235K 42.05
Current.
UNTD 11/30 Test BO 16.45 +1.44 16.25 19.65 1.9M 1M 15.11
Current.
UTHR 11/12 DB hdl 16.88 -0.32 17.65 21.45 133K 295K 16.21
Current.
VIP 12/07 Test BO 32.98 +0.08 34.85 40 289K 300K 32.41
Buy Not Hit.
VIP 11/09 Test BO 32.98 +0.08 30.06 35 289K 285K 32.55
Current.
VZ 12/04 cup hdl 38.35 +0.05 41 47.5 5.9M 11M 38.13
Buy Not Hit.
VZ 11/23 cup hdl 38.35 +0.05 41 45 5.9M 11M 39.35
Current.
VZ 10/10 Test 50 38.35 +0.05 34.75 42 5.9M 10M 39.35
Current.
WFR 11/14 cup hdl 9.29 +0.86 8.45 11 118K 325K 8.12
Current.
YELL 12/02 Cup 27.76 +0.57 30.45 36 276K 1M 28.15
Buy Not Hit.
ZION 11/19 Put 41.25 +0.61 37.97 35 673K 850K 40.75
Buy Not Issued.
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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