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stock recommendation, stock market report
Begin part 2 of 2
THE PLAYS
NEW PLAYS:
Play Date: 05/08/2003
EPIC (Epicor Software--$2.85; -0.08; no options): Application software
http://biz.yahoo.com/p/e/epic.html
STATUS: Flying plateau. EPIC broke out of a 16-month base in April, a longer base showing some solid 20 to 6 accumulation (20 up weeks on rising volume to 6 down weeks on rising volume). After the breakout it has consolidated, but instead of pulling back it has moved laterally, being very stingy with its gains. That is a good sign for a stock as it shows strength. Hence the flying plateau is a bullish pattern following a strong breakout. We are looking for EPIC to continue the move and breakout of this lateral pattern on strong volume.
Volume: 130.5K Avg Volume: 105.659K
BUY POINT: $3.02 Volume=145K Target=$3.88 Stop=$2.74
POSITION: - Stock (no options)
http://www.investmenthouse.com/ct/epic.html
Play Date: 05/08/2003
NVDA (Nvidia--$16.06; +0.01; optionable): Semiconductors
http://biz.yahoo.com/p/n/nvda.html
STATUS: Cup w/handle. NVDA has been forming the handle this week to its 5 month cup base. The base shows solid 6 to 2 accumulation (6 up weeks on rising volume to 2 down weeks on rising volume). Thursday it showed a strong volume surge as it flexed its muscles a bit. After hours NVDA beat the street with earnings and had good things to say about the future. It was up sharply. We are going to let it gap higher and then come back to test toward our buy point. When it makes its test and starts back up we will be looking to get in. We are looking for a test back to 17.50 to 17.
Volume: 17.702M Avg Volume: 7.368M
BUY POINT: $17.55 Volume=11M Target=$21.25 Stop=$16.32
POSITION: UVA IW - Sept. $17.50c (51 delta) &/or Stock
http://www.investmenthouse.com/ct/nvda.html
CONTINUING PLAYS:
Play Date: 04/29/2003
ARTI (Artisan Components--$21.05; +0.83; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/a/arti.html
STATUS: Breakout test. This is the best looking sub-sector in the semiconductor sector. ARTI is in a 5-month cup with handle base. It started a strong move 7 sessions back. It formed a short handle and broke out. It has come back to test the 10 day MVA (19.50) and then exploded higher Wednesday on huge volume. Looks like a great breakout test with the stock price following the outstanding money flow higher.
Volume: 2.825M Avg Volume: 243.703K
BUY POINT: New: $21.35 (orig. $20.35) Volume=350K Target=$24 Stop=$18.75
POSITION: UAR ID - Sept. $20c (55 delta) &/or Stock
http://www.investmenthouse.com/ct/arti.html
Play Date: 04/23/2003
FFIV (F5 Networks--$14.63; -0.17; no options): Internet software and services
http://biz.yahoo.com/p/f/ffiv.html
STATUS: Ascending Triangle. FFIV ran up to the breakout point in its 5-month base with a strong Friday and Monday move. It has since tested back to the 10 day MVA, tapping it on the Monday low (14.40). The move was on lower, below average volume, and it rebounded off the 10 day MVA to recover most of the session loss. Solid 7 to 3 accumulation in the base as FFIV looks as if it is making its last shakeout move before the breakout. A turn up form the 10 day MVA makes a higher low and sets the stage for the move higher.
Volume: 282.739K Avg Volume: 508.142K
BUY POINT: $15.25 Volume=750K Target=$18.32 Stop=$13.94
POSITION: FLK GC - July $15c (52 delta) &/or Stock
http://www.investmenthouse.com/ct/ffiv.html
Play Date: 04/30/2003
LEXR (Lexar Media--$5.19; +0.01; optionable): Photo equipment
http://biz.yahoo.com/p/l/lexr.html
STATUS: Testing the move. LEXR is still testing the breakout from earlier this month, holding over the 10 day MVA (5.03) and trying to start back up. Volume was not there Thursday as the market was in the selling mode, but LEXR looks ready to continue the move on a resumption of the rally.
Volume: 522.19K Avg Volume: 905.227K
BUY POINT: New: $5.25 (orig. $5.06) Volume=1.2M Target=$7 Stop=$4.97
POSITION: EQG IA - Sept. $5c (58 delta) &/or Stock
http://www.investmenthouse.com/ct/lexr.html
WATCHLIST/ CONTINUING:
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ABRX 04/14 BO 15.6 -0.68 16.48 19.65 402K 435K 16.35
Current.
ADBE 04/02 Test BO 35.94 -0.93 34.12 41 3.6M 4.8M 35.42
Current.
ADSK 03/25 Cup hdl 15.87 0 16.3 19.45 1M 1.8M 15.25
Current.
ADTN 04/15 Cup hdl 43.61 +0.24 40.88 46.95 691K 1.2M 40.12
Current.
ALGN 04/29 Test 50 7.78 -0.01 7.45 9.25 281K 378K 6.93
Current.
ALT 05/07 Cup hdl 4.2 -0.03 4.36 5.45 138K 188K 3.97
Buy Not Hit.
APH 04/26 Test BO 44.95 +0.25 44.75 51.75 107K 150K 43.35
Current.
APOL 04/12 A Wedge 55.43 -0.58 52.75 59 1.2M 2.7M 53.35
Current.
APOL 02/18 A Wedge 55.43 -0.58 46.25 52.88 1.2M 22M 53.35
Current.
ARTI 04/29 Cup 21.15 +0.1 20.35 24 830K 350K 18.75
Current.
BBA 04/05 Cup hdl 9.25 +0.52 6.05 7.55 703K 329K 7.74
Current.
BCGI 04/24 Test BO 17.85 -0.46 18.55 22.26 407K 431K 17.55
Current.
BG 04/09 Cup 27.4 -0.15 28.62 32.35 419K 474K 27.38
Exited.
BLTI 02/10 Test BO 10.84 -1.16 7.2 9.5 1.6M 300K 11.25
Current.
BPOP 04/03 Cup hdl 37.79 +0.12 35.25 40.45 238K 200K 35.88
Current.
CAH 04/09 Put 56.9 -0.1 55.96 52 3.1M 3.5M 54.74
Current.
CBRL 05/01 Cup hdl 31.93 -0.27 32.78 37.65 598K 1.1M 30.49
Buy Not Issued.
CHINA 05/03 Test BO 4.82 -0.19 5.25 6.35 936K 1.1M 4.74
Current.
CNCT 03/03 Test BO 17.39 -0.11 15 17.94 65K 210K 16.45
Current.
CVH 03/31 BO 38.9 -0.45 36.65 42 1M 815K 35.55
Buy Not Issued.
CY 03/04 Flat 9.85 -0.6 6.7 8.65 3.6M 2.3M 9.48
Current.
CYBX 04/18 Test BO 22.95 -0.01 22.55 26.75 189K 325K 22.55
Current.
CYPB 05/05 Cup 3.25 -0.05 3.44 4.25 88K 95K 3.2
Buy Not Issued.
ECL 03/29 Cup hdl 49.24 -0.5 51.5 58.95 429K 600K 49.45
Exited.
ELAB 03/06 Cup hdl 30.35 -1.21 24.06 28.88 287K 325K 28.75
Target Hit.
EPIC 05/08 FlyPlat 2.85 -0.08 3.02 3.88 130K 145K 2.74
New.
ETN 05/03 Cup hdl 80.68 -1.32 82.65 90.94 584K 838K 79.88
Buy Not Issued.
FDX 03/24 Cup hdl 60.78 -0.41 57.85 66 1.2M 2.2M 58.48
Current.
FFIV 04/23 A Wedge 14.63 -0.17 14.42 17.35 283K 750K 13.41
FLIR 03/26 Cup hdl 50.68 -0.47 50.04 56.35 455K 360K 49.88
GPRO 04/05 Dbl btm 31.2 -1.48 26.5 30.75 564K 521K 31.15
Target Hit.
GRMN 11/06 Cup hdl 45.75 -0.3 22.34 37.45 214K 198K 42.45
Current.
GS 04/26 Cup hdl 74.06 -3.14 76.9 82 7.1M 5M 75.22
Current. There was an exit alert issued but it was a victim
of the server crash. Broke the 18 day on volume. May
bounce from some support at 74, but it is not much.
HIL 05/03 BO 8.27 +0.36 7.45 8.96 614K 250K 6.87
Current.
HYSL 05/06 Cup hdl 30.19 -0.1 30.83 37 611K 1M 28.67
Buy Not Hit.
IDBE 04/16 Rv H&S 8.79 +0.03 8.17 11 137K 376K 7.52
Current.
IGLD 04/21 Cup 5.08 -0.32 4.3 5.38 369K 543K 4.12
Current.
INSP 05/01 Test BO 11.59 0 13.32 17.45 359K 562K 12.25
Buy Not Hit.
JPM 04/01 Test BO 29.96 -0.86 24.96 28.55 11M 1.2M 28.55
Current.
KLAC 04/02 Test 50 41.06 -0.98 39.4 45.48 9.1M 13M 39.88
Current.
LEXR 04/30 FlyPlat 5.19 +0.01 5.06 7 522K 1.2M 4.97
Current.
LLTC 03/20 Cup hdl 35.01 -0.24 34.97 40.48 6.1M 7M 33.95
Current.
LXK 03/24 Cup hdl 73.75 -2.4 66.92 75 2.5M 2M 71.94
Current.
MCDTA 04/30 Cup 9.32 -0.11 10.87 13 1.8M 2.7M 10.11
Buy Not Hit.
MED 04/28 Cup hdl 9.46 +0.31 7.12 8.95 436K 145K 6.42
Buy Not Issued.
MEDI 05/06 Test 18 34.18 -0.32 36.06 41 3.4M 5M 33.54
Buy Not Hit.
MOBE 04/24 Cup 1.9 -0.04 1.88 2.38 129K 110K 1.75
MVL 03/03 BO 19.35 -0.57 11.82 16.45 1.8M 675K 16.05
Current.
MXIM 04/18 Rv H&S 39.05 -0.79 40.12 45 7.9M 1.2M 38.65
Current.
NBIX 05/03 Cup 46.8 -0.05 48.2 54.25 314K 600K 45.96
Current.
NENG 05/05 Cup hdl 2.05 -0.05 2.08 3.44 146K 232K 1.93
Current.
NSCN 04/23 Cup hdl 19.4 -0.56 21.17 25.42 1.4M 2.5M 19.69
Current.
NSM 04/18 Cup hdl 20.22 -0.25 19.55 24.88 2.6M 3.8M 18.54
Current.
NTN 05/07 Test BO 1.99 +0.15 1.95 2.75 389K 183K 1.74
Current.
NVDA 05/08 Cup hdl 16.06 +0.01 17.55 21.25 18M 11M 16.32
New.
NWK 04/28 DB hdl 7.4 +0.1 7.11 9.45 121K 256K 6.61
Current.
PCNTF 04/14 Cup 9.06 -0.14 7.7 9.62 200K 175K 7.65
Current.
PENN 05/07 Test BO 22.69 +0.48 22.58 26.94 589K 576K 21
Buy Not Issued. A buy was issued but the server crashed as it was issued
late in the session, so it was a buy today. We are
looking at it on further volume gains.
PKI 03/04 Test BO 10.72 -0.1 9.16 10.98 500K 1M 9.55
Target Hit.
PNRA 03/29 Test BO 32.65 -0.94 33.35 38.68 923K 1.2M 33
Exited.
PWN 05/07 BO 11.21 -0.07 11.42 13.75 93K 117K 10.62
Buy Not Issued.
QLGC 03/15 Test BO 45.47 -0.33 38.85 45 6.2M 11M 41
Current.
QLGC 11/07 Test BO 45.47 -0.33 41.4 50 6.2M 25M 41
RADA 05/05 BO 8 +0.01 7.92 9.51 84K 80K 7.37
Current.
REDF 04/21 BO 5.7 -0.57 4.35 5.42 450K 300K 4.05
Current.
RESP 04/07 Test BO 38.12 -0.48 35.36 40.38 193K 243K 37.15
REY 04/26 Test BO 28.4 -0.12 29.06 34.65 201K 391K 27.75
Buy Not Issued.
REY 06/19 Cup hdl 28.4 -0.12 31.15 37.38 201K 430K 28.97
RMD 05/03 Test BO 36.87 +0.07 37.75 43.75 106K 322K 35.15
Buy Not Issued.
ROOM 04/26 Cup 78.28 -2.94 68.75 75 665K 1.7M 79.55
RTIX 04/23 Cup hdl 10.46 +0.32 9.68 11.85 383K 150K 9
Buy Not Issued. This was a buy, but it was a victim of the late server
crash. It is still a buy.
SRZ 04/22 Cup 24.62 -3.88 27.3 30.95 1.2M 200K 26.06
Exited. Massive tank lower on volume. We got out early and
were glad we did.
SSYS 03/01 Cup hdl 23.5 -1.24 12.25 15.45 229K 110K 21.88
Current.
STK 04/28 Cup hdl 24.8 -0.25 24.55 29.55 758K 1M 22.83
Buy Not Issued.
UBET 05/05 BO 3.26 +0.14 3.43 4.49 211K 425K 3.19
Buy Not Hit.
UCOMA 03/31 Cup hdl 3.8 0 3.35 4.48 389K 875K 3.58
Current.
UNFI 04/02 Cup hdl 25.53 -3.53 27.04 32.35 1.4M 352K 27.77
Current. An exit alert was issued but it was lost in the server
crash. Hammered on the WFMI earnings warning. Gapped
below the 50 day MVA, not good action. May test one
more time.
UNTD 04/26 Test 18 20.28 -0.36 20.45 24.4 1.2M 1.9M 20.65
Current.
UNTD 03/15 Dbl btm 20.28 -0.36 17.28 20.75 1.2M 1.2M 20.65
Current.
WFII 04/30 Cup 8.26 -0.08 7.55 9 942K 261K 6.96
Current.
YHOO 12/11 Test 50 25.08 +0.32 17.32 25 8.2M 20M 23.94
Current.
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
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