|
|
trade stock, stock recommendation
Begin Part 2 of 2
THE PLAYS:
New:
BRCM (Broadcom--$16.61; +1.55; optionable): Communication semiconductors
http://biz.yahoo.com/p/b/brcm.html
STATUS: Testing the 50 day MVA. BRCM peaked in late November, then sold back to the 50 day MVA (15.40) where it traded for the past three weeks. It never collapsed, and after a shakeout early this week it jumped off the 50 day on sharply rising volume Thursday. While it may test back toward the 50 day MVA after this initial move, we are looking at starting some positions for this trade up to the recent high near 21.
Volume: 10.209M Avg Volume: 10.93M
BUY POINT: $16.85 Volume=12M Target=$20.45 Stop=$15.67
POSITION: RCQ EC - May $15c (69 delta) and/or Stock
http://www.investmenthouse.com/ci/brcm.html
COGN (Cognos--$23.99; +0.54; optionable): Application software
http://biz.yahoo.com/p/c/cogn.html
STATUS: Cup. COGN is working through a 10-month cup and has formed this short double bottom over the past 5 weeks using the 50 day MVA just over 22 as its support. Accumulation in the pattern is solid at 10 accumulation weeks to just 7 distribution weeks as money flow is strong and already turning up ahead of the stock price. COGN looks ready to give a breakout over near resistance and then move at least to its prior high. That moves provides a nice return in itself.
Volume: 875.657K Avg Volume: 1.031M
BUY POINT: $25.11 Volume=1.5M Target=$30.24 Stop=$23.35
POSITION: CRQ EY - MAY $25c (71 delta) and/or Stock
http://www.investmenthouse.com/ci/cogn.html
SYMC (Symantec--$42.68; +2.17; optionable): Internet security software
http://biz.yahoo.com/p/s/symc.html
STATUS: Testing the 50 day MVA. SYMC was an early leader in the rally, and it has spent the past 5 weeks testing back to the 50 day MVA (40.85), consolidating the strong move off the September low. It tapped the 50 day in early December, bounced, and has now come back to tap it again. This looks like a neat little double bottom that is forming in quite a few leaders, and we want to use this pattern on the 50 day MVA test to take some positions in what has been a strong stock in this rally.
Volume: 3.026M Avg Volume: 3.622M
BUY POINT: $43.05 Volume=4.1M Target=$51 Stop=$40.04
POSITION: SYQ DH - April $40c (79 delta) and/or Stock
http://www.investmenthouse.com/ci/symc.html
Revisited:
Play Date: 12/22/2002
NSCN (Netscreen Technologies--$17.68; +0.84; optionable): Security software
http://biz.yahoo.com/p/n/nscn.html
STATUS: Pennant. Starting the breakout from the pattern on some rising though still below average volume. Looks ready and all it needs is some volume.
Volume: 789.409K Avg Volume: 1.053M
BUY POINT: $17.24 Volume=1.8M Target=$21.24 Stop=$16.03
POSITION: QKN FC - June $15c (67 delta) and/or Stock
http://www.investmenthouse.com/ci/nscn.html
CONTINUING PLAYS:
Still look good:
APOL
IDBE
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
$SOX 12/07 Test 50 308.56 +19.32 335.15 385 0 0 313.94
Current. Gave the bounce we thought it would, but is now at the 50 day MVA. Needs to power through 320.
ADTN 12/10 Test 18 33.53 +0.63 32.05 38.45 278K 800K 30.35
Current. Moving up but volume backed off Thursday from the good volume earlier in the week.
AFCO 12/07 Test BO 20 +0.01 20.85 25 119K 225K 18.79
Buy Not Hit. Looks very good with a doji right on the 10 day MVA on lower volume.
AIG 12/18 Put 60.3 +2.45 58.55 54 6.3M 7M 59.15
Current. Jumped up over the 18 day MVA on some solid volume. Will see if it turns back down to continue the downtrend Friday. If not we will exit.
ALN 12/07 Test BO 10.1 +0.63 9.86 11.85 168K 412K 9.17
ALN 11/09 Test BO 10.1 +0.63 7.28 9.75 168K 200K 9.25
Current. Nice comeback from the 18 day MVA, returning to the high though on low volume.
AMZN 10/21 Cup hdl 19.57 +0.68 20.32 24.38 6.5M 10M 21.75
Current. Trying to make the comeback, rising on higher though still below average volume.
ANT 12/11 Put 25 +1 22.45 20 135K 200K 23.55
Current. Low volume jump Thursday, but the move kept it above support. If no weakness Friday we will have to close it.
APOL 12/28 Cup hdl 45.26 +1.26 45.61 54.75 3.4M 3.5M 42.42
Buy Not Hit. Looks super with a volume spike.
ATRS 12/30 BO 14.97 -0.95 14.81 18 276K 200K 13.77
Current. Turned back down on volume, giving much of the good breakout move.
ATRS 11/23 A Wedge 14.97 -0.95 14.05 18 276K 200K 13.07
Current.
AVID 12/07 Test 18 23.2 +0.25 21 25 426K 500K 20.15
Current. Trying to start the move to a new high.
AVID 10/30 Cup hdl 23.2 +0.25 15.65 25 426K 177K 20.15
Current.
AVP 11/25 Cup hdl 54.49 +0.62 52.94 61 1.2M 1.8M 52.75
Current. Tested the 18 day MVA and rallied on some rising, average volume.
BCGI 12/19 Test 50 12.1 -0.61 13.75 16.55 454K 250K 12.65
Buy Not Issued. Not doing it.
BER 11/13 Cup hdl 39.6 -0.01 38.4 45 171K 306K 38.35
Current. Still working laterally, holding at the 10 day MVA on continued below average volume.
BRCM 01/02 Test 50 16.61 +1.55 16.85 20.45 10M 12M 15.67
New.
BSX 10/19 Test BO 42.99 +0.47 37.75 45.75 3M 3.3M 41.94
Current. Tested lower and started up on some rising volume.
CAI 12/30 Put 36.67 +1.03 34.74 32 377K 517K 35.55
Buy not hit.
CEPH 12/14 Put 49.77 +1.1 49.19 45.51 1.3M 2M 50.65
Current. Rallied up to the 200 day MVA on rising but still below average volume. Needs to hold below 50.
COGN 01/02 Cup 23.99 +0.54 25.11 30.24 876K 1.5M 23.35
New.
CURE 12/30 Cup hdl 17.25 0 18.22 21.85 191K 176K 17.74
Buy not hit.
CVD 12/21 Cup hdl 25.17 +0.58 24.75 29.74 553K 581K 22.88
Current. Solid move on continued above average volume.
CVD 11/05 Test BO 25.17 +0.58 23.65 28 553K 581K 23.35
Current.
DANKY 12/17 Cup hdl 4.51 +0.26 4.62 5.65 360K 560K 4.25
Buy Not Hit.
ECL 10/30 Cup hdl 50.05 +0.55 49.11 56.55 843K 1M 48.15
Current. Huge volume spike as ECL is bracing for the new high.
ESPD 12/19 Test BO 17.68 +0.74 17.81 21.45 330K 675K 16.11
Buy Not Issued. Rallied off the 18 day MVA on lower below average volume.
ETM 12/28 Put 48.64 +1.72 45.75 42 248K 325K 46.78
Current. Rallied up toward the 200 day MVA but on lower volume.
EUNI 12/30 Cup hdl 6.14 +0.46 6.33 7.88 141K 204K 5.68
Buy not hit.
EXPE 11/30 A Wedge 70.66 +3.73 78.25 88 3.1M 3.2M 72.77
Current. Rallying off the 50 day MVA on some solid above average volume.
HAR 11/21 Test 18 60.85 +1.35 61.6 70 220K 488K 59.85
Current. Still moving well on the recovery.
HLTH 12/12 Cup hdl 8.75 +0.2 8.85 11.35 3.4M 3.1M 8.23
Buy Not Hit.
HSIC 12/09 Put 45.6 +0.6 44.15 40 369K 667K 46.05
Buy Not Issued. Tested the 50 day MVA on the high and fall back.
HTLD 12/28 Cup hdl 22.8 -0.11 23.28 27.94 488K 240K 22.05
Buy Not Hit.
IDBE 12/16 DB hdl 6.65 -0.03 6.65 8.55 33K 165K 6.15
Current. Looks solid with another doji at the 10 day MVA on very low volume.
IDXC 12/02 Cup hdl 17.55 +0.52 17.65 21.25 135K 163K 16.85
Current. Tested below the 18 day MVA and recovered.
IGEN 12/19 Test BO 42.58 -0.27 43.05 49.55 351K 450K 42.05
Current. Testing the 18 day MVA on rising, above average volume.
IGEN 11/16 DB hdl 42.58 -0.27 38.81 45 351K 300K 41.75
Current.
LMLP 12/07 Cup hdl 13.55 -0.2 10.75 12.96 176K 135K 12.25
Buy Not Issued.
LMLP 11/23 Cup hdl 13.55 -0.2 9.75 14.25 176K 135K 12.97
Current. Still in the flat consolidation following the breakout. Volume jumped on the session.
MATK 12/04 Test BO 24.73 -0.31 23.39 27.94 268K 300K 24
Current. Still testing the 10 day MVA.
MERQ 12/11 Test BO 31.25 +1.6 31.55 38 2M 5M 29.94
Current. Nice move off the 50 day MVA on rising volume.
MLHR 12/28 Put 19 +0.6 17.94 15.85 245K 425K 19.05
Current. Moved up to the 50 day MVA on continued low volume. Needs to fail here.
MSN 12/21 Test BO 5.16 +0.19 5.92 7.45 110K 150K 5.19
Buy Not Hit.
MSN 12/04 Cup hdl 5.16 +0.19 4.85 6.35 110K 150K 4.51
Current. Still recovering, moving over the short term MVA. Not much volume to support the move, however, so needs to hold at 5.
MSN 11/23 Cup hdl 5.16 +0.19 4.15 5.68 110K 150K 4.51
Current.
MVL 11/04 BO 9.23 +0.25 8.74 10.75 604K 400K 8.35
Current. Pretty salty, moving up on some strong volume after testing the 50 day MVA early in the week.
NBIX 10/08 Rv H&S 45.41 -0.25 44.85 51.75 430K 1.1M 45.45
Current. Still testing the 50 day MVA.
NSCN 12/22 Pennant 17.68 +0.84 17.24 21.24 789K 1.8M 16.03
Current.
NTES 12/19 Test BO 12.1 +0.65 12 14.45 462K 550K 11.12
Current. Nice jump off the 10 day MVA after the test.
OVER 12/26 Cup hdl 27.93 +0.62 30.05 36 1.2M 2.5M 27.95
Buy Not Hit. Not doing it.
PFGC 12/09 Put 34.38 +0.42 33.97 31.75 222K 475K 34.75
Current. Tried the 200 day MVA but had no volume. Looks ready to fail.
PNRA 11/07 Cup hdl 36 +1.19 34.38 39.75 471K 1.2M 34.12
Current. Nice surge off the 50 day MVA.
PPD 11/14 Test BO 26.62 +0.42 25.51 30.55 486K 450K 26.25
Current. Still struggling at the 10 day MVA.
QCOM 12/21 Test 50 37.14 +0.75 39.15 48 16M 18M 36.41
Buy Not Hit.
QCOM 12/04 Test 18 37.14 +0.75 40.85 50 16M 18M 37.99
Current. Moved up to the 50 day MVA on big volume, but not much of a move compared to the rest of the market.
QCOM 11/07 Test BO 37.14 +0.75 34.78 42 16M 18M 38.14
Current.
QLGC 11/07 Test BO 36.4 +1.89 41.4 50 9.9M 25M 39.88
QLGC 08/17 CCall 36.4 +1.89 36.48 0 9.9M 12M 37
Current.
RBK 01/02 DB hdl 30.88 +1.48 30.25 38.85 716K 680K 28.12
New. Issued an alert today on the big breakout.
RIMM 12/22 Put 13.72 +0.6 12.94 9.95 615K 1.7M 14.04
Buy Not Issued.
RINO 10/24 Test BO 17.99 +0.6 17.35 20.75 252K 225K 16.95
Current. Moving up off the 50 day MVA on some rising volume.
RINO 08/28 Cup hdl 17.99 +0.6 13.8 20 252K 300K 16.95
Current.
ROIAK 12/28 Rv H&S 14.23 -0.2 14.55 17.49 943K 650K 13.53
Buy Not Hit.
SAY 12/12 Cup hdl 12.89 +0.04 13.48 16.98 103K 255K 12.54
Buy Not Hit.
SCIO 12/03 Cup hdl 33.47 +0.89 33.05 39.65 591K 1.6M 30.74
Buy Not Issued.
SINA 12/31 Test BO 6.88 +0.38 6.25 8.25 1.1M 950K 5.81
Current. Up again on rising, average volume.
SINA 12/04 Test BO 6.88 +0.38 5.58 7.21 1.1M 950K 6.48
Current.
STK 12/26 Cup hdl 22.37 +0.95 23.21 27.88 762K 1.2M 21.59
Buy Not Hit.
SYK 12/21 Rv H&S 68.02 +0.9 67.53 77.62 958K 1.2M 62.84
Current. Nice breakout on some very good, above average volume.
SYMC 01/02 Test 50 42.68 +2.17 43.05 51 3M 4.1M 40.04
New.
UNTD 11/30 Test BO 15.99 +0.05 16.25 19.65 567K 1M 15.55
Current. Trying to get over the 18 day MVA but having some trouble.
UPL 10/19 A Wedge 9.95 +0.05 9.68 11.75 246K 345K 9.35
Current. Stalled a bit as it tried to move to a new high.
URBN 12/22 Put 24.09 +0.52 23.36 20.22 181K 500K 24.65
Current. Rallied up to the 18 day MVA on lower volume. Looks ready to fail.
UTHR 11/12 DB hdl 17.1 +0.4 17.65 21.45 121K 295K 16.21
Current. Held the 50 day MVA and started moving up.
VAR 12/18 Rv H&S 50.45 +0.85 50.25 58 432K 700K 48.05
Current. Rising again to a new closing high but not a lot of volume.
VRNT 11/23 Cup hdl 22.49 +2.31 15.85 21.55 761K 113K 19.94
Current. Big surge on big volume.
VRTS 08/19 CCall 16.95 +1.33 19.76 20 7.7M 8.5M 17.45
Current.
VZ 12/04 Cup hdl 40.17 +1.42 41 47.5 6.6M 11M 38.13
Buy Not Hit.
VZ 11/23 Cup hdl 40.17 +1.42 41 45 6.6M 11M 38.25
Current. Nice move up to near resistance on rising volume.
VZ 10/10 Test 50 40.17 +1.42 34.75 42 6.6M 10M 37.96
Current.
WCN 12/31 BO 38.9 +0.29 39.1 46.45 303K 425K 36.94
Current. Still moving higher but gave back much of the gain from the high (39.98).
Good Investing!
Jon L. Johnson and your IH Alerts 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.
|
trade stock
stock recommendation
|
