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stock recommendation, stock option
Begin Part 2 of 2
THE PLAYS:
Good moves: IDBE; TK
New Plays:
RDEN (Elizabeth Arden--$14.08; +0.1; optionable): Make up
http://biz.yahoo.com/p/r/rden.html
STATUS: Cup w/handle. Moving in the handle of a 5.5 month base showing positive accumulation at 5 up weeks on rising volume to 3 down weeks on rising volume. Afte a strong breakout move in late November RDEN fell back but held the breakout and is moving along the 10 day MVA on low, below average volume. Looking for a strong move on sharply higher volume.
Volume: 31.278K Avg Volume: 118.181K
BUY POINT: $15.39 Volume=185K Target=$18.45 Stop=$14.31
POSITION: UWO FV - June $12.50c (69 delta, low OI) and/or Stock
http://www.investmenthouse.com/ct/rden.html
TTEK (Tetra Tech--$12.99; -0.01; optionable): Technical services, management consulting
http://biz.yahoo.com/p/t/ttek.html
STATUS: Testing the breakout. Another business service stock, TTEK just recently broke a year-long downtrend, clearing the 200 day MVA (11.48) in late November and now pulling back to the 10 day MVA on the close in a test of the move. Accumulation since the first of the year is positive at 11 up weeks on rising volume to 6 down weeks on rising volume; nice accumulation for the downtrend.
Volume: 253.5K Avg Volume: 370K
BUY POINT: $14.01 Volume=600K Target=$16.85 Stop=$13.03
POSITION: TQI FV - June $12.50c (69 delta, low OI) and/or Stock
http://www.investmenthouse.com/ct/ttek.html
CONTINUING PLAYS:
AVO (Advanced Medical Optics--$11.72; +0.12; optionable): Medical instruments
http://biz.yahoo.com/p/a/avo.html
STATUS: Ascending wedge. Still moving up off the 18 day MVA in the pattern, but working on low volume. Not bad action given the market. Accumulation is positive at 4 accumulation weeks (up price on rising volume) to 3 distribution weeks (down price on rising volume).
Volume: 33.2K Avg Volume: 141.59K
BUY POINT: $12.06 Volume=210K Target=$14.45 Stop=$11.22
POSITION: AVO DB - April $10c (72 delta, low OI) and/or Stock
http://www.investmenthouse.com/ct/avo.html
Play Date: 11/25/2002
AVP (Avon Products--$54.29; +0.47; optionable): Make up
http://biz.yahoo.com/p/a/avp.html
STATUS: Cup w/handle. Very nice test of last week's strong move, falling back to test the 10 day MVA on the low (53.60). Ready to make the next move.
Volume: 1.213M Avg Volume: 1.314M
BUY POINT: New: $55.25 (orig. $52.94) Volume=1.8M Target=$61 Stop=$51.35
POSITION: AVP DJ - April. $50c (66 delta) and/or Stock
http://www.investmenthouse.com/ct/avp.html
Play Date: 12/14/2002
MRCY (Mercury Computer Systems--$31.79; +0.15; optionable): Telecom equipment
http://biz.yahoo.com/p/m/mrcy.html
STATUS: Pennant. Still in the pattern and looking good. Started up sharply early in the session but cooled off. Just needs an excuse to make the volume breakout. Good accumulation is setting up the move (5 up weeks on rising volume to 2 down weeks on rising volume).
Volume: 192.846K Avg Volume: 229.409K
BUY POINT: $31.65 Volume=350K Target=$37.85 Stop=$29.43
POSITION: QYR EF - May $30c (63 delta, low OI) and/or Stock
http://www.investmenthouse.com/ct/mrcy.html
SCSS (Select Comfort--$9.63; -0.16; no options): Air beds
http://biz.yahoo.com/p/s/scss.html
STATUS: Testing the breakout. Another stock testing its high volume breakout. SCSS is moving up the 10 day MVA (9.58) with a constant top it is banging into at 10. Outstanding accumulation, and we are looking for a breakout over the resistance on volume for new positions.
Volume: 149.836K Avg Volume: 496.636K
BUY POINT: $9.85 Volume=545K Target=$12 Stop=$8.97
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/scss.html
Downside
Play Date: 12/11/2002
ANT (Anteon Intl.--$22.32; -0.38; optionable): ITS software
http://biz.yahoo.com/p/a/ant.html
STATUS: Put. Tried the 18 day MVA Monday but failed, then started lower Tuesday on rising volume. Looks ready to continue the fall.
Volume: 219.3K Avg Volume: 256.409K
BUY POINT: New: Further selling (orig. $22.45). Volume=200K Target=$20 Stop=$23.55
POSITION: ANT ME - Jan. $25p (-64 delta, low OI) or ANT PX - April $22.50p (-40 delta, low OI)
http://www.investmenthouse.com/ct/ant.html
Play Date: 12/09/2002
HSIC (Henry Schein--$44.43; -1.12; optionable): Wholesale medical equipment
http://biz.yahoo.com/p/h/hsic.html
STATUS: Put. After a low volume rally up off of the December lows, HSIC has stalled out and closed right on top of th e10 day MVA Wednesday. We want to see it break lower here as volume runs back up.
Volume: 384.143K Avg Volume: 602.772K
BUY POINT: $44.15 Volume=667K Target=$40 Stop=$41.06
POSITION: HQE MI - Jan. $45p (-47 delta, low OI)
http://www.investmenthouse.com/ct/hsic.html
WATCHLIST/ CONTINUING:
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).
ADTN 12/10 Test 18 32.45 +0.29 32.05 38.45 318K 800K 30.35
Current.
AFCO 12/07 Test BO 19.5 +0.26 20.85 25 146K 225K 18.79
Buy Not Hit.
ANT 12/11 Put 22.32 -0.38 22.45 20 219K 200K 23.55
Current.
AVID 12/07 Test 18 21.34 +1.94 19.65 23.65 1.1M 500K 18.05
Current.
AVID 10/30 cup hdl 21.34 +1.94 15.65 20.45 1.1M 177K 17.85
Current.
AVO 12/16 A Wedge 11.72 +0.12 12.06 14.45 33K 210K 11.22
Buy Not Hit.
AVP 11/25 cup hdl 54.29 +0.47 52.94 61 1.2M 1.8M 51.35
Current.
BBY 12/14 Test 18 24 -1.4 26.55 30 9.6M 500K 24.69
Buy Not Hit.
BER 11/13 cup hdl 39.14 -1.06 38.4 45 296K 306K 38.35
Current.
BOH 10/26 cup hdl 30.75 +0.05 29.94 36 190K 427K 29.25
Current.
BRCM 08/17 Test 50 16.99 -0.12 19.2 19.8 7.5M 9M 17.25
Current.
BSTE 12/11 A Wedge 34.96 +1.16 34 41.25 1.3M 900K 31.62
Current.
CEPH 12/14 Put 51.26 -0.16 49.19 45.51 991K 2M 50.65
Buy Not Hit.
COLM 11/13 DB hdl 46.79 -0.75 41.96 48.45 635K 389K 43.84
Current.
CREE 12/10 Test 50 18.73 -1.81 19.65 24.25 3.2M 4.1M 18.27
Current.
CVD 11/05 Test BO 23.27 -0.54 23.65 28 358K 581K 22.25
Current.
CVH 12/09 Put 29.58 +0.13 29.04 26 161K 820K 31.45
Current.
FRGO 11/30 Test BO 9.28 +0.36 12.49 15 311K 270K 11.62
Current.
GRMN 11/06 cup hdl 27.99 -0.43 22.34 30 1.5M 198K 25.95
Current.
HAR 11/21 Test 18 57.6 -0.3 61.6 70 165K 488K 59.85
Current.
HD 09/16 Test 50 25.7 -1.01 34.55 38 13M 10M 32.13
Current.
HEW 12/14 Test BO 32.33 +0.66 33.88 40 21K 160K 31.51
Buy Not Hit.
HSIC 12/09 Put 44.43 -1.12 44.15 40 384K 667K 41.06
New.
IBM 12/04 Test 50 80.31 -1.31 84.94 94.94 6.2M 12M 78.99
Current.
IBM 11/11 Test 50 80.31 -1.31 78.45 88 6.2M 12M 82.24
Current.
ICOS 12/05 Test 18 29.65 +0.39 31.45 38 467K 1.2M 29.25
Buy Not Hit.
IDBE 12/16 DB hdl 6.83 +0.62 6.65 8.55 346K 165K 6.06
Current.
ISSX 11/30 Test BO 21.02 -0.23 25.05 31 2.5M 2.5M 23.3
Buy Not Hit.
JEC 12/09 cup hdl 36.8 -0.06 36.75 42 212K 465K 34.18
Buy Not Hit.
LBIX 10/14 cup hdl 2.9 -0.05 3.22 4.35 86K 145K 3.32
Current.
LUK 11/16 cup hdl 39.16 -0.04 38.51 44.45 69K 125K 37.97
Current.
MERQ 12/11 Test BO 31.51 -0.22 31.55 38 3.7M 5M 28.85
Current.
MRCY 12/14 Pennant 31.79 +0.15 31.65 37.85 193K 350K 29.43
Buy Not Hit.
MSFT 12/04 Test 18 54.36 -0.12 56.61 62.75 25M 67M 54.45
MSFT 11/13 Test BO 54.36 -0.12 56.15 62.55 25M 50M 55.74
MSFT 10/16 Test BO 54.36 -0.12 52.35 59 25M 50M 55.74
MSN 12/04 cup hdl 5.61 -0.1 4.85 6.35 245K 150K 4.51
Current.
MSN 11/23 cup hdl 5.61 -0.1 4.15 5.68 245K 150K 4.51
Current.
MTB 11/18 Put 79.45 -0.43 78.45 74.22 251K 500K 81.45
NBIX 10/08 Rv H&S 43.77 -0.13 44.85 51.75 257K 1.1M 44.05
Current.
PCLE 10/17 BO 14.33 +0.04 11.51 13.82 333K 800K 12.94
Current.
PFGC 12/09 Put 34.87 -0.52 33.97 31.75 262K 475K 34.75
Buy Not Hit.
PIXR 11/20 BO 61.36 -0.06 57.85 66 458K 775K 57.65
Current.
PKTR 12/11 Test 18 7.48 +0.14 8.34 10.55 180K 335K 7.55
Current.
PVSW 11/23 Cup 4.3 -0.15 4.27 5.35 15K 125K 3.97
Current.
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.
QLGC 11/07 Test BO 37.78 -0.59 41.4 50 10M 25M 39.88
RDEN 12/17 cup hdl 14.08 +0.1 15.39 18.45 31K 185K 14.31
New.
RINO 10/24 Test BO 17.23 +0.04 17.35 20.75 375K 225K 16.95
Current.
RINO 08/28 cup hdl 17.23 +0.04 13.8 20 375K 300K 16.95
Current.
RYAAY 11/18 Test BO 41.35 -0.17 43.55 50.35 382K 425K 43.94
SAFC 12/07 A Wedge 35.39 -0.21 36.69 41 782K 1.5M 34.12
Buy Not Hit.
SAY 12/12 cup hdl 12.9 -0.03 13.48 16.98 192K 255K 12.54
Buy Not Hit.
SCSS 12/11 Test 18 9.63 -0.16 9.85 12 150K 545K 8.97
Buy Not Hit.
SFNT 12/16 Test 50 26.85 -0.09 26.7 32.45 238K 188K 24.25
Current.
SJM 12/02 Test BO 38.3 -0.97 40.15 48 203K 476K 37.65
Buy Not Hit.
STI 11/18 Put 57.98 -0.77 59.49 56 552K 1.5M 60.85
Current.
TK 12/07 cup hdl 41.7 +2.61 39.25 46.65 933K 235K 36.15
Buy Not Hit.
TMCS 11/26 Test BO 22.99 -0.05 26.45 31.75 494K 1.2M 24.61
Current.
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.
TTEK 12/17 Test BO 12.99 -0.01 14.01 16.85 254K 600K 13.03
New.
UNTD 11/30 Test BO 17 -0.35 16.25 19.65 629K 1M 15.11
Current.
UTHR 11/12 DB hdl 17.02 +0.03 17.65 21.45 87K 295K 16.21
Current.
VIP 12/07 Test BO 33.9 +0.59 34.85 40 433K 300K 32.41
Buy Not Hit.
VIP 11/09 Test BO 33.9 +0.59 30.06 35 433K 285K 31.45
Current.
VZ 12/04 cup hdl 39.16 -0.78 41 47.5 5.5M 11M 38.13
Buy Not Hit.
VZ 11/23 cup hdl 39.16 -0.78 41 45 5.5M 11M 37.55
Current.
VZ 10/10 Test 50 39.16 -0.78 34.75 42 5.5M 10M 37.55
Current.
WFR 11/14 cup hdl 8.58 -0.9 8.45 11 100K 325K 8.12
Current.
YHOO 12/11 Test 50 17.52 +0.22 17.32 22.75 7.9M 20M 16.11
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 option
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