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stock recommendation, stock market recommendation
Begin part 2 of 2
THE PLAYS:
Good moves: AGIX; CELL; DCLK; DSCM; IRM; FWHT; SSYS; UNTD, etc.
New:
Play Date: 03/22/2003
REGN (Regeneron Pharmaceuticals--$20.46; +0.26; optionable): Biotechnology
http://biz.yahoo.com/p/r/regn.html
STATUS: Cup w/handle. Spent last week working on the handle to its 16-week base, holding over 20 on the lows as volume generally backed off. Accumulation is positive at 4 up weeks on rising volume to 3 down weeks on rising volume. Money flow is shooting up ahead of the price even as the stock moves laterally. Very nice handle and we are looking for a strong breakout this week from this nice handle.
Volume: 658.748K Avg Volume: 451.545K
BUY POINT: $20.95 Volume=677K Target=$24.25 Stop=$19.48
POSITION: RQP HD - Aug. $20c (60 delta) &/or Stock
http://www.investmenthouse.com/ci/regn.html
Play Date: 03/22/2003
SRNA (Serena Software--$16.35; +0.58; optionable): Business software
http://biz.yahoo.com/p/s/srna.html
STATUS: Cup. SRNA has not progressed to the breakout point in its 3.5 month base, just now starting to surge up off the bottom that more or less used the 200 day MVA (14.40) as support. While we like breakouts, this stock is showing excellent accumulation at this point (5 to 1) as it starts to move higher and form the right side of the base. Volume has swelled to above average the past week. Friday volume shot higher as the stock cleared some interim resistance at 16. Money flow is shooting up ahead of the stock, leading it higher. We are looking to get on board as it continues its move higher.
Volume: 1.068M Avg Volume: 386.136K
BUY POINT: $16.48 Volume=700K Target=$19.75 Stop=$15.28
POSITION: NHU HC - Aug. $15c (67 delta) &/or Stock
http://www.investmenthouse.com/ci/srna.html
Play Date: 03/22/2003
UTHR (United Therapeutics--$17.1; +0.21; optionable): Drug manufacturer
http://biz.yahoo.com/p/u/uthr.html
STATUS: Cup w/handle. A solid leader off the fall lows, UTHR did not turn into a downtrend but used the selling to form this base that held the 200 day (15) on the low. The current 3.5 month base sports solid 6 to 1 accumulation (6 up weeks on rising volume to 1 down week on rising volume). It has moved laterally the past week, was a bit wild Thursday, but overall a very solid pattern. Friday volume surged well above average as UTHR started a move to take it out of the handle. It is trying to follow money flow higher as money flow is leading the way.
Volume: 313.336K Avg Volume: 139.954K
BUY POINT: $17.35 Volume=210K Target=$20.85 Stop=$16.14
POSITION: FUH HC - Aug. $15c (77 delta) &/or Stock
http://www.investmenthouse.com/ci/uthr.html
Continuing plays that look ready:
Play Date: 03/18/2003
COGN (Cognos--$24.8; -0.2; optionable): Application software
http://biz.yahoo.com/p/c/cogn.html
STATUS: Double bottom w/handle. COGN is working on a nice 3-session handle that has trailed off laterally and slightly lower as volume does the same, coming in Friday well below average. Positive 3 to 2 accumulation in the short base that has formed after a larger 10 month base lost momentum as the market sold early in the year. As a good stock will do, however, COGN did not roll down into a steep downtrend but instead formed this base, weeding out the sellers. Now we wait for the strong breakout to come from this handle.
Volume: 687.216K Avg Volume: 881.545K
BUY POINT: $25.55 Volume=1.3M Target=$29.88 Stop=$23.76
POSITION: CRQ HX - Aug. $22.50c (74 delta, low OI) &/or Stock
http://www.investmenthouse.com/ci/cogn.html
Play Date: 03/04/2003
PKI (Perkinelmer--$8.9; +0.32; optionable): Scientific & technical instruments
http://biz.yahoo.com/p/p/pki.html
STATUS: Cup w/handle. Still working on the new handle at the top of the base right below 9. A good lateral move punctuated by a sharp, sharp volume increase Friday. We view those as 'get ready' volume spikes ahead of a breakout. Money flow is leading higher as the stock consolidates. Accumulation is solid at 4 up weeks on rising volum.e to 1 down week on rising volume. Looks very good.
Volume: 1.428M Avg Volume: 630.09K
BUY POINT: New: 9.05 (orig. $8.65) Volume=1M Target=$10.85 Stop=$7.88
POSITION: PKI IU - Sept. $7.50c (67 delta, low OI) &/or Stock
http://www.investmenthouse.com/ci/pki.html
CONTINUING PLAY LIST:
Still many look good: ADI; BLTI; BMRN; DKS; LLTC; MXIM; QLGC; SCLN; VRTY
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ADI 03/20 Cup hdl 30.63 +0.41 31.06 35.65 3.9M 4.5M 28.89
Buy Not Hit. Nice low volume lateral move, still working on the handle.
ADI 03/15 BO 30.63 +0.41 30.35 34 3.9M 4.5M 28.42
Current.
AGIX 03/06 Test BO 9.8 +0.33 8.81 10.55 346K 270K 8.85
Current. Solid recovery off the 18 day MVA, rallying Thursday and Friday on rising, above average volume.
AMGN 01/22 A Wedge 58.56 +0.59 53.12 62 11M 20M 55.88
Current. Moved off the 10 day MVA but gapped up showing a doji on continued below average volume.
AMZN 01/09 Test 50 27.93 +0.48 23.15 29.95 11M 13M 24.65
Current. Continued the run on even stronger above average volume. Has been quite a 2 weeks. Just letting it run up the short term MVA.
AMZN 10/21 Cup hdl 27.93 +0.48 20.32 28.24 11M 10M 24.65
Current.
APOL 02/18 A Wedge 50.78 +0.73 46.25 52.88 3M 22M 47.65
Current. Still shooting higher on this move on strong volume Friday, but showing a hanging man doji. After a strong 2 weeks it needs some rest and looks ready for a pullback as it works up the short term MVA.
APPB 03/17 Cup hdl 28.24 +0.5 27.05 32.45 890K 1.1M 25.16
Buy Not Issued. Ran up away from us. Now have to wait for a pullback to test the short term MVA to provide the first entry point after the breakout.
AVCT 02/13 Test BO 24.09 -0.89 28.45 31.15 1.2M 725K 25.94
Exited. Started to roll over and had to exit.
BLTI 02/10 Test BO 8.14 -0.07 7.2 9.15 348K 300K 7.65
Current. Still moving laterally over the 10 day MVA on below average volume, consolidating the move.
BMRN 02/15 Test 18 12.12 +0.27 10.48 12.35 1.2M 700K 10.92
Current. Starting to move out of the lateral consolidation, rallying over 12 on much improved, above average trade.
BRL 01/27 Test 18 55.67 +1.86 51.88 58.78 1.1M 875K 52
Soaring on rising, average volume.
CELL 02/06 Test BO 17.34 +1.34 10.65 18.55 540K 260K 14.55
Current. Moved up the stop and letting it run as volume surges.
CENT 03/12 Test 50 24.37 +0.26 23.05 26.88 185K 231K 21.44
Buy Not Issued. Not giving the breakaway move. Would like to see a test back toward 23.50 and then a volume move.
CMCSA 03/04 Test BO 30.8 +0.94 28.65 32.94 12M 1.1M 28.15
Current. Strong gap up and over 30 on rising, above average volume.
CMVT 03/20 Cup hdl 12.08 +0.29 12.11 14.55 2.3M 3.5M 11.26
Buy Not Issued. Buy was hit on the early run up, but no volume and needs another day or two.
CNCT 03/03 Test BO 15.55 +0.45 15 17.94 240K 210K 14.38
Current. Held the 18 day MVA and rallied up on rising volume.
COGN 03/18 Cup 24.8 -0.2 25.55 29.88 687K 1.3M 23.76
Buy Not Hit. Still working well, moving laterall and slightly lower on lower, below average volume. Very nice looking pattern.
DCLK 03/20 A Wedge 7.69 +0.39 7.65 9.25 1.4M 1M 7.11
Current. Nice move on some nice volume, hitting the buy right before the close.
DISH 03/11 Test BO 30.4 +0.73 28.85 33.15 2.2M 4.8M 26.83
Buy Not Issued. Walking up the 10 day on low volume, not giving the breakout move. Needs a test back to set up a better entry point.
DKS 03/18 DB hdl 23.13 +0.56 23.81 28.42 201K 225K 21.94
Buy Not Hit. Looking much better, testing toward the 50 day on the low and then rallying for a gain on rising, above average volume.
DKS 02/19 DB hdl 23.13 +0.56 22.75 27.35 201K 225K 21.38
Current.
DNEX 02/27 BO 33.13 -0.1 33.55 38.58 84K 150K 31.94
Buy Not Issued. Rallied but then rolled right back over to close right at the 10 day MVA as volume moved higher. Having a hard time breaking away.
DSCM 03/19 Test BO 4.1 +0.45 3.85 4.72 745K 383K 3.58
Current. Super breakout on very strong volume.
ELAB 03/06 Cup hdl 26.51 +1.21 24.06 28.88 293K 325K 24.94
Current. Nice recovery off the 18 day MVA.
FWHT 02/27 A Wedge 10 +0.5 8.85 10.65 222K 255K 8.94
Current. Solid move on rising though still below average volume.
GSOF 03/04 Cup hdl 15.55 +0.13 17.05 20.55 67K 164K 15.86
Buy Not Hit. Continues to work on the handle, holding the 50 day MVA on the lows as volume contracts to well below average.
ICST 03/05 DB hdl 23.5 +0.46 23.65 27 1.8M 2M 21.99
Current. Recovering off the 50 day MVA though not attracting any volume the past two sessions as it works through a continuation of the handle.
IRM 02/24 DB hdl 39.35 +0.87 34.75 41.75 648K 389K 36.88
Current. Rallying up over the recent high on rising, above average volume. It is working so well we are raising the target to a 20% level on stock positions.
JEC 03/05 Cup hdl 41.97 +0.95 39.6 45.55 848K 374K 39.12
Current. Nice recovery, gapping up and rallying on very strong, above average volume.
LLTC 03/20 Cup hdl 34.91 +0.86 34.97 40.48 8.5M 7M 32.15
Buy Not Issued. Moved higher Friday, but not a breakaway move out of the lateral consolidation.
LLTC 03/01 BO 34.91 +0.86 32.3 37.26 8.5M 7M 31.94
Current. Moved higher Friday, but not a breakaway move out of the lateral consolidation.
MBT 03/10 Test BO 44.05 +0.6 43.05 49 284K 255K 42.05
Current. Gapped higher and held the move on very strong, above average volume.
MCCC 03/05 Test 50 9.07 +0.22 8.92 10.7 248K 700K 8.3
Buy Not Issued. Rallying higher but no volume at all. Need to see some strong volume this week.
MME 03/08 Cup 39.5 +0.97 38.8 43.75 557K 725K 37.35
Current. Back up again Friday on rising, above average volume as MME continues to move up the 10 day MVA.
MSN 03/15 A Wedge 6.93 -0.05 7.55 9.05 77K 150K 6.88
MSN 12/04 Cup hdl 6.93 -0.05 4.85 7.65 77K 150K 6.48
Current. Still working laterally along the 18 day MVA on very low volume as MSN works through its 7-week triangle over the 50 day MVA.
MSN 11/23 Cup hdl 6.93 -0.05 4.15 7.65 77K 150K 6.48
Current.
MSTR 03/08 BO 25.45 +0.45 24.2 28.75 245K 400K 22.94
Current. Still working up the 10 day MVA, but on much lower below average volume the last two sessions of the week. Just letting it work higher.
MXIM 03/20 Cup hdl 40.45 +0.89 40.12 44.95 11M 10M 37.31
Current. Decent move up was worth some positions, but looking for more strength this week.
NSCN 03/15 Put 17.25 +0.25 16.97 14 2.7M 2M 18.29
Big test lower and trying to rally back Friday on lower though still above average volume. Will look for a test of 18 and see if it rolls down hard from there once again.
NTAP 03/19 Test 50 12.4 +0.2 12.03 14.25 8.5M 8.9M 10.94
Buy Not Issued. Gapped higher Friday, tested 12 on the low and recovered. Thought about entering on the test, but decided to wait another session.
OSTK 02/22 Test BO 12.34 +1.24 17.15 20.45 475K 275K 16.65
Current. Making the rally back after the breakdown as usually occurs.
OVTI 02/24 Cup hdl 23.45 -0.09 19.05 24.55 3.5M 1.2M 19.74
Current. Tried to rally but fell back flat on the close. Volume shot higher on the move. Still in decent shape.
PKI 03/04 Test BO 8.9 +0.32 9.05 10.85 1.4M 1M 8.38
Buy Not Issued. Now it is looking good, moving back toward the breakout on very strong, surging volume.
PRX 03/12 Test 18 41.71 +0.6 37.05 42.94 842K 700K 38.25
Continues higher after the Tuesday gap higher.
QCOM 03/19 Test BO 39.21 +0.6 39.72 45.25 15M 20M 37.05
Buy Not Hit. Gapped higher but still working laterally after the big breakout.
QCOM 12/04 Test 18 39.21 +0.6 40.85 50 15M 18M 37
Current.
QCOM 11/07 Test BO 39.21 +0.6 34.78 42 15M 18M 37
Current.
QLGC 03/15 Test BO 39.98 +0.16 38.85 45 8.3M 11M 36.13
Current. Still working laterally over the December/January down trendline.
QLGC 11/07 Test BO 39.98 +0.16 41.4 50 8.3M 25M 39.88
QLGC 08/17 CCall 39.98 +0.16 36.48 0 8.3M 12M 37
Current.
QQQ 03/15 Test 50 27.17 +0.37 25.26 28 93M 90M 25.65
Current. Tracked the Nasdaq of course, up, down, and back up.
REGN 03/22 Cup hdl 20.46 +0.26 20.95 24.25 659K 677K 19.48
New.
SCLN 02/26 Test BO 5.38 +0.13 4.75 5.72 182K 115K 4.94
Current. Moving up off of the 18 day MVA test on some rising, average volume. Looks ready for a breakout over some resistance at 5.50.
SRNA 03/22 Cup 16.35 +0.58 16.48 19.75 1.1M 700K 15.28
New.
SSYS 03/01 Cup hdl 13 +1.25 12.25 14.65 500K 110K 11.02
Current. Very powerful breakout.
STE 03/17 Cup hdl 26.44 +0.47 26.65 31 532K 594K 24.84
Buy Not Issued. Rallied hard to 27 but gave back much of the gain as volume moved above average for the first time in three weeks. Looks ready to make a better move, and if it starts again we will step in.
UNTD 03/15 Dbl btm 17.49 +1.68 17.28 20.25 2.8M 1.2M 15.94
Current. Strong volume blast higher, breaking it out of the double bottom.
UOPX 03/04 Cup hdl 43.74 +0.69 40.75 46.62 593K 300K 39.94
Current. Still moving higher on a strong surge of volume. Volatile as the March wind, but a market leader.
UTHR 03/22 Cup hdl 17.1 +0.21 17.35 20.85 313K 210K 16.14
New.
VAR 12/18 Rv H&S 52.29 +1.9 50.25 58 1.6M 700K 50.05
Current. The struggle paid off as VAR blasted higher on a huge volume surge.
VECO 03/13 BO 17.4 +0.06 16.5 20 301K 750K 16.06
Current. Still struggling just over 17 on continued below average volume.
VRTS 08/19 CCall 18.32 +0.38 19.76 20 8.4M 8.5M 17.45
Current. Gapped up toward 19 but then gave much of the move back. Needs to hold 18 and move up from there and put some distance between it and 17.
VRTY 02/18 Cup hdl 16.89 +0.64 16.6 19.94 597K 500K 15.55
Current. Looks as if it is ready to move up and out of the 3-week lateral consolidation as volume rose well as the move off the 50 day MVA continues. A buy over 17 on continued strong volume.
WFR 02/22 Flat 11.47 +0.31 9.35 12.75 265K 217K 9.96
Current. More upside volume flowing in, pushing WFR to a multiyear high. Moving up the target.
XLNX 03/20 Test BO 26.73 +0.08 27.55 33.15 17M 14M 25.62
Buy Not Issued.
XLNX 03/12 Test 50 26.73 +0.08 24.24 30 17M 12M 24.25
Current. Struggled some Friday as XLNX gapped higher but could not hold the move. Volume surged, but it was not the chips day yet.
ZMH 02/06 DB hdl 49.73 +1.09 42.65 50.88 1.3M 1.6M 46.35
Current. Gapped higher & held the gain as volume rallied back above average.
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.
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stock recommendation
stock market recommendation
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