|
|
trend trading stock, stock trading site
Begin part 2 of 2
THE PLAYS
Good moves: AVID; SINA; CGX; CRAY; MEOH
Plays for Tuesday:
AVID: Screaming higher
CREE: Reversed its course.
GPS: Took a breather
JBHT: Tried to make the move but gave it back. Still solid.
Best Plays:
1) DANKY: Very nice handle forming.
2) KWD: Very nice handle still.
3) Continuing: HOTT ready for the next move. JBHT tried the move & still looks solid. GYMB has made a great pullback to the 50 day MVA.
New Plays:
DANKY (Danka Business Systems--$4.29; +0.04; no options): Business supplies (copiers, imaging)
http://biz.yahoo.com/p/d/danky.html
STATUS: Cup w/handle. DANKY is forming the handle to its 7.5 month base, moving laterally over the 10 day MVA (4.24) in a very tight trading range on below average volume. While it does that money flow continues to rise, a good sign for a breakout to come. Another business equipment stock that is sporting a very good pattern, an indication that the market believes there is a business recovery underway. Now we sit back and wait for one of those high volume breakouts we have been seeing in the smaller, less known stocks.
Volume: 283.5K Avg Volume: 358.681K
BUY POINT: $4.62 Volume=560K Target=$5.65 Stop=$4.25
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/danky.html
UTIW (UTI Worldwide--$23.9; +0.3; no options): Air delivery and freight
http://biz.yahoo.com/p/u/utiw.html
STATUS: Reverse head and shoulders. UTIW broke out of a 4.5 month cup base in October, and then formed the current pattern, the opposite of the head and shouders. Super volume move Friday is being tested a bit in the early weakness this week. Showed a very tight doji Tuesday on rising, above average volume. Accumulation is excellent at 5 up weeks on rising volume to 2 down weeks on rising volume. Looks very nice, and air freight is having a good season.
Volume: 174.4K Avg Volume: 88.727K
BUY POINT: $24.56 Volume=175K Target=$29 Stop=$22.84
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/utiw.html
Revisited:
Play Date: 12/05/2002
FLML (Flamel Techologies--$4.29; -0.09; no options): Drug delivery
http://biz.yahoo.com/p/f/flml.html
STATUS: Testing the breakout. Strong move up Wednesday was given back, but FLML is now holding the 10 day MVA on lower volume, showing a pair of doji's that reached down toward the 18 day MVA (4.00) the past two sessions. Accumulation is solid and we are looking for a run back up on some volume for additional positions.
Volume: 17.25K Avg Volume: 68.454K
BUY POINT: New: $4.55 (orig. $4.05) Volume=100K Target=$5.97 Stop=$4.05
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/flml.html
Play Date: 12/14/2002
KWD (Kellwood--$27.6; -0.45; optionable): Apparel
http://biz.yahoo.com/p/k/kwd.html
STATUS: Cup w/handle. Still in the handle of a 6.5 month base showing excellent accumulation at 5 up weeks on rising volume to 2 down weeks on rising volume. KWD is holding up very well, oblivious to the market selling as it completes its shakeout of the last sellers and money flow continues to ramp higher ahead of the stock price. Apparel had an off session Tuesday on the retail weakness, but KWD looks ready to make its move at any time.
Volume: 112.3K Avg Volume: 143.772K
BUY POINT: $29.17 Volume=200K Target=$33.98 Stop=$26.96
POSITION: KWD FE - June $25c (68 delta, no OI) and/or Stock
http://www.investmenthouse.com/cd/kwd.html
MEMBER PORTFOLIO: CUB, EBAY, HOTT; LOW, NOC, PG, QLGC, RCII, SRCL, WM
These are the stocks that our subscribers vote to put in a 'portfolio' to track their progress and comment upon when they reach buy points, sell points, or levels to write some covered calls on. They are not covered every report, but when something interesting is developing we take note.
Time for a new subscriber survey for new stocks to stock the portfolio. Start your votes so we can start the new year with a new batch of your favorite stocks.
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
HOTT 11/23 A Wedge 24.53 +0.14 23.9 28 359K 1.5M 21.81
Current. Building a really tight ascending wedge. Looking very good for another move.
WM 07/06 Cup 36.65 +0.12 0 0 3.1M 5.5M 0
Nice ascending wedge forming above the 50 day MVA as a follow up to the cup. Buy is over 37.
CONTINUING/WATCHLIST: These are stocks that are current plays (the buy point hit), waiting for the buy point to be hit (buy not hit), or buy not made for various reasons (buy alert not issued). The date references the date the play first appeared on the report. Pivot is the buy point.
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
$OEX 12/07 Test 50 458.60 -4.66 466.74 486 6.2M 1.5M 455.45
Current. Back to the 50 day MVA. Needs to hold here.
$SOX 12/07 Test 50 320.63 -5.02 335.15 385 4.1M 0 313.94
Current. At the 50 day MVA on the low as well in yet another test for the index. MU will not help Wednesday and we will see if it holds the recent lows (307).
AGI 12/03 cup hdl 16.19 -0.02 17.75 21.35 112K 968K 16.51
Buy Not Hit.
ALN 12/07 Test BO 10.1 +0.07 9.86 11.85 149K 412K 9.17
ALN 11/09 Test BO 10.1 +0.07 7.28 9.75 149K 200K 8.94
Current. Up to 10 but lower volume as the move runs out of some steam.
AMZN 11/30 Test BO 22.46 -0.05 22.85 29.65 3.5M 10M 21.25
Buy Not Hit.
AMZN 10/21 cup hdl 22.46 -0.05 20.32 24.38 3.5M 10M 21.75
Current. Very nice, flat consolidation at the 18 day MVA.
ANT 12/11 Put 22.32 -0.38 22.45 20 219K 200K 23.55
Current. Ready to fall further as volume increases on the failure at the 18 day MVA.
ATML 12/11 Test 18 2.86 +0.14 3.45 5 14M 20M 3.05
Buy Not Hit. Started to bounce off the 50 day MVA, but will run into serious trouble tomorrow with the MU report.
AVID 12/07 Test 18 21.34 +1.94 19.65 23.65 1.1M 500K 18.05
Current. Blasted higher.
AVID 10/30 cup hdl 21.34 +1.94 15.65 20.45 1.1M 177K 17.85
Current.
BCGI 10/07 cup hdl 13.28 -0.36 11.25 14 282K 250K 10.95
BMRN 11/21 BO 7.52 +0.02 7.95 11 382K 750K 7.29
Current. Still trying to make a stand at 7.50 support as volume rose to average.
BRCM 11/16 BO 16.99 -0.12 15.9 20 7.5M 15M 14.79
Current.
CCK 11/21 BO 8.94 -0.06 8.6 11 810K 1.8M 7.74
Current. Another doji at 9 on lower volume.
CFB 11/18 Put 23.49 +0.07 21.59 19.35 168K 175K 22.35
Buy Not Issued. Heading up. Dropping.
CGX 12/03 cup hdl 23.75 +1.06 22 26.45 163K 65K 21.05
Current. Another super volume move.
CNMD 12/09 Put 19.13 +0.25 17.97 15.75 190K 220K 19.25
Buy Not Hit. Stalling at the 50 day MVA.
CPWM 11/13 cup hdl 30.04 -0.61 31.05 36.45 457K 471K 29.55
Current. Holding the 50 day MVA with a volume surge.
CRAY 11/30 A Wedge 7.8 +0.46 7.38 8.85 1.5M 346K 6.55
Current. Beautiful move.
CRAY 10/21 Cup 7.8 +0.46 4.28 8 1.5M 346K 6.55
Current.
CREE 12/10 Test 50 18.73 -1.81 19.65 24.25 3.2M 4.1M 18.27
Current. Turned right back down to the 50 day MVA.
CUB 07/06 Cup 18.06 -1.05 0 0 114K 0 0
DANKY 12/17 cup hdl 4.29 +0.04 4.62 5.65 284K 560K 4.25
New.
DSCO 12/07 Test BO 2.94 +0.05 3.04 4.05 69K 110K 2.83
Buy Not Issued. Still hanging in there with solid volume.
EBAY 12/12 Test 18 70.09 +0.81 69.45 77 5.4M 12M 65.94
Current. Nice move bucking the market trend.
EBAY 10/15 Test 50 70.09 +0.81 62.45 71 5.4M 12M 65.45
Current.
ECL 10/30 cup hdl 47.82 -0.56 49.11 56.55 333K 1M 47.25
Current. Holding the 50 day MVA.
FLML 12/05 Test BO 4.29 -0.09 4.05 5.97 17K 100K 4.05
Current.
FOX 11/05 cup hdl 27.27 +0.22 27.15 32.45 3.4M 1.5M 25.25
Current. Could not hold the high at 28. Solid volume and looking much better.
GPS 12/16 cup hdl 16.25 -0.05 16.81 20.15 6.4M 9M 15.63
Buy Not Hit. Still solid. Morgan Fairchild, whom I have by the way seen naked, may be helping.
GRMN 11/06 cup hdl 27.99 -0.43 22.34 30 1.5M 198K 25.95
Current. Took a breather.
GYMB 09/18 cup hdl 19.03 -0.4 19.64 22.45 497K 586K 18.27
Current. Holding the 50 day MVA. Not a bad pullback.
HLTH 12/12 cup hdl 8.84 -0.01 8.85 11.35 2.1M 3.1M 8.23
Buy Not Hit.
HOTT 11/23 A Wedge 24.53 +0.14 23.9 28 359K 1.5M 21.81
Current. Building a really tight ascending wedge. Looking very good for another move.
JBHT 12/12 A Wedge 29.45 -0.2 30.18 35.25 509K 725K 28.07
Buy Not Hit. Tried to make the run but could not hold the move. Still nice.
KKD 11/23 BO 37 -0.04 39.03 45.55 430K 1M 36.3
Buy Not Hit. Still in the tight, flat lateral move.
KWD 12/14 cup hdl 27.6 -0.45 29.17 33.98 112K 200K 26.96
Buy Not Hit.
LBIX 10/14 cup hdl 2.9 -0.05 3.22 4.35 86K 145K 3.32
Current. Volume picking up as it slides back down. If it cannot start back up we will close it out.
LLY 12/09 Test 18 63.96 -0.89 66.25 75 4.1M 6.2M 61.61
Buy Not Hit.
LMLP 12/07 cup hdl 13.6 -0.1 10.75 12.96 184K 135K 11
Buy Not Issued.
LMLP 11/23 cup hdl 13.6 -0.1 9.75 14.25 184K 135K 11
Current. running out of a bit of steam after a very nice move.
LOW 07/06 Test 50 38.8 -1.12 0 0 3.9M 0 0
MDCO 12/05 Test BO 15.81 +0.06 17.05 20.55 464K 800K 15.35
Buy Not Hit. Still testing the move.
MEOH 11/04 BO 9.18 +0.25 9.03 10.88 139K 375K 8.30
Current. Super move.
MRGE 12/10 Test BO 6.61 -0.17 7.25 9 8.4K 79K 6.74
Buy Not Hit.
MRK 12/07 Test BO 58.3 -0.2 59.15 67 4.7M 9.5M 56.65
Current.
MSFT 12/04 Test 18 54.36 -0.12 56.61 62.75 25M 67M 54.45
Current. Holding at the 50 day MVA.
MVL 11/04 BO 8.75 -0.25 8.74 10.75 344K 400K 8.35
Current.
NOC 07/06 Test 50 91.26 -1.32 0 0 1.3M 1.7M 0
NXTL 11/19 Test BO 13.23 +0.41 13.05 16.15 24M 35M 11.35
Current. Still moving up on rising volume, bucking the trend as telecom has been doing.
OMX 11/18 A Wedge 5.34 -0.39 5.96 7.11 636K 2.1M 5.54
Exited as it broke the 200 day.
OSTK 11/16 cup hdl 13.3 -0.62 10.65 16.05 110K 125K 12.75
Current. Having some trouble, falling to the 18 day MVA.
OSTK 11/16 Test BO 13.3 -0.62 14.48 18 110K 125K 12.55
Current.
PENN 12/14 Put 16.4 -0.45 16.55 14 203K 300K 17.65
Current. Starting the fall.
PG 09/21 Test 18 87.4 -0.65 91.55 103 3.5M 5.5M 89.45
PIXR 11/20 BO 61.36 -0.06 57.85 66 458K 775K 57.65
Current. Took a breather on lower volume after the move.
PPD 11/14 Test BO 27.17 -0.02 25.51 30.55 313K 450K 26.25
Current. Still holding the 18 day MVA, showing another doji.
PRA 12/11 cup hdl 20.39 +0.09 20.26 24.32 47K 145K 19.05
Buy Not Issued. Needs some volume.
QCOM 12/04 Test 18 39.54 +0.15 40.85 50 11M 18M 37.99
QCOM 11/07 Test BO 39.54 +0.15 34.78 42 11M 18M 38.14
Current. Holding the 18 day MVA.
QLGC 11/07 Test BO 37.78 -0.59 41.4 50 10M 25M 39.88
QLGC 08/17 CCall 37.78 -0.59 36.48 0 10M 12M 37
Current.
RCII 08/24 Test 18 47.26 +0.44 58.02 66.45 433K 701K 53.96
ROK 12/14 cup hdl 21.37 -0.39 21.89 6.25 944K 1M 19.95
Current. Ran up to 22.30 on the high before turned over and gave back some of the move but on nice, lower volume.
SFNT 12/16 Test 50 26.85 -0.09 26.7 32.45 238K 188K 24.25
Current. took a breather.
SFNT 11/06 cup hdl 26.85 -0.09 20.78 25 238K 188K 25.45
Current.
SLR 11/23 A Wedge 3.56 -0.16 4 5.45 6.3M 9.5M 3.74
Current. Still holding at the short term MVA as volume rose. Will most likely have a hard time w/MU results.
SRCL 10/19 Cup 31.71 -0.7 35.25 40 401K 787K 32.78
TSCO 12/07 Test 18 41.68 -1.4 45.44 51.44 210K 475K 42.26
Buy Not Hit.
TSCO 10/16 Test BO 41.68 -1.4 39.05 46.85 210K 235K 42.05
Current. Gave the move back.
UNTD 11/30 Test BO 17 -0.35 16.25 19.65 629K 1M 15.11
Current. Still solid but taking a rest here after a strong move.
UNTD 11/02 cup hdl 17 -0.35 13.3 16 629K 1M 14.75
Current.
UPL 10/19 A Wedge 9.72 -0.26 9.68 11.75 188K 345K 9
Current. Testing the 10 day MVA on lower volume. Taking a breather.
UTHR 11/12 DB hdl 17.02 +0.03 17.65 21.45 87K 295K 16.21
Current. Tested the 50 day MVA on the low and snapped back.
UTIW 12/17 Rv H&S 23.9 +0.3 24.56 29 174K 175K 22.84
New.
VRTS 08/19 CCall 18.04 -0.03 19.76 20 8.2M 8.5M 17.45
Current.
WM 07/06 Cup 36.65 +0.12 0 0 3.1M 5.5M 0
Nice ascending wedge forming above the 50 day MVA as a follow up to the cup. Buy is over 37.
WSM 12/07 BO 27.33 -1.54 28.15 33 1.7M 1.8M 26.18
Current. Turned over on the retail news, selling down to the 18 day MVA on some rising volume.
YHOO 12/11 Test 50 17.52 +0.22 17.32 22.75 7.9M 20M 16.11
Buy Not Issued. Held the short term MVA in spite of the market.
ZQK 11/05 DB hdl 27.89 -0.31 25.22 30.25 140K 425K 25.74
Current. Mild selling on lower volume after the strong 50 day MVA bounce.
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.
|
trend trading stock
stock trading site
|
