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stock watch, stock recommendation
Begin part 2 of 2
Continuing plays that look good:
Play Date: 04/28/2003
MED (Medifast--$8.26; -0.49; no options): Wholesale health and diet products
http://biz.yahoo.com/p/m/med.html
STATUS: Testing the breakout. After a massive breakout earlier in the month, MED has come back to test the 10 day MVA on lower volume, tapping that level on the Monday low (8.00) and then rebounding. This was a new issue in December, and it spent this year forming the current cup base that gave way to the big breakout. We love to enter breakouts on the first test of the short term MVA (10 or 18 day MVA) when they bounce up off those levels on rising volume. Solid accumulation and money flow, it looks as if MED is ready to make the move back up.
Volume: 352.6K Avg Volume: 123.863K
BUY POINT: New: $8.42 (orig. $7.12) Volume=145K Target=10.12 Stop=$7.55
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/med.html
Play Date: 04/28/2003
VSTA (Vista Care--$21.25; +0.67; no options): Health services
http://biz.yahoo.com/p/v/vsta.html
STATUS: Testing the breakout. VSTA is a new issue in December, and it blasted out of its 3.5 month cup with handle in late April, rallied, and is now testing that move. Monday it sold below the 18 day MVA (20.25) intraday after selling back Thursday and Friday, but then exploded higher on very strong, above average volume. Once those last sellers were shaken out, the demand overwhelmed the supply. Looking to pick it up here on a further upside move on continued strong volume.
Volume: 837.825K Avg Volume: 130.59K
BUY POINT: New: $21.39 (orig. $19.98) Volume=156K Target=New: $25.65 (orig. positions $23.85) Stop=$19.97
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/vsta.html
CONTINUING PLAY LIST:
Look ready to move: CTXS; DCTM; JNPR; NSCN; NTES; SHRP; TSCO
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ALT 05/07 Cup hdl 4.15 -0.03 4.36 5.45 138K 188K 3.97
Buy Not Hit. Trying to make the break higher but unable to make the breakaway.
ALTR 04/15 Rv H&S 17.4 +0.26 15.75 18.81 6.9M 12M 16.02
Current. Still moving up off the 10 day MVA but on lower, below average volume.
AMT 04/30 Test 50 7.68 +0.18 6.84 8.35 1.1M 2.1M 6.88
Current.
APOL 04/12 A Wedge 57.17 +0.71 52.75 59 1.6M 2.7M 54.25
Current. Volume was higher as APOL tried to put together a good move but gave half of it back.
APOL 02/18 A Wedge 57.17 +0.71 46.25 52.88 1.6M 22M 54.25
Current.
BBA 04/05 Cup hdl 9.16 -0.1 6.05 7.55 256K 329K 8.05
Current. Nice lower volume test, still in the trend.
BCGI 04/24 Test BO 17.44 +0.43 18.55 22.26 811K 431K 17.55
Current. Rallying off the 50 day MVA on continued above average volume.
BCR 05/10 A Wedge 65.35 +1.96 64.4 73.75 577K 477K 62.25
Current. Nice blast higher.
BLTI 02/10 Test BO 11.26 +0.21 7.2 9.5 458K 300K 11.25
Current. Rising after the gap down but volume is lower.
BRCM 05/03 Cup hdl 19.31 +0.46 19.2 22.94 12M 15M 17.86
Current. Making the move on solid, average volume.
BRL 01/27 Test 18 52.63 -0.36 51.88 62 1.2M 875K 55.55
CAH 04/09 Put 58.41 +0.71 55.96 52 2.4M 3.5M 54.74
Current.
CLE 04/14 Cup hdl 28.21 +1.01 26.05 30 748K 567K 24.78
Shooting higher on more strong, above average volume.
CNCT 03/03 Test BO 17.95 +0.19 15 17.94 277K 210K 16.94
Target Hit. Up off the 10 day MVA on some rising volume.
CNQR 04/22 Test 18 5.95 -0.13 6.12 7.42 169K 250K 5.65
Buy Not Issued.
CTXS 03/29 Cup hdl 19.07 +0.33 14.12 17.25 2.5M 5.3M 17.94
Current. Showing a doji at the 10 day MVA on very low volume.
CZN 04/24 Cup hdl 11.99 +0.14 11.34 13.57 2.1M 156K 10.96
Current. Still working higher on volume.
DCTM 05/01 Cup hdl 18.92 -0.04 19.75 24 1.8M 1.8M 18.32
Current. Volume jumps as it tests the 10 day MVA.
DKS 03/18 DB hdl 29.55 +0.76 23.81 28.42 483K 225K 28
Current. Up off the 18 day MVA on continuing above average volume.
DKS 02/19 DB hdl 29.55 +0.76 22.75 27.35 483K 225K 28
Current.
DRIV 05/08 Test BO 17.86 +0.91 17.62 20.95 1.5M 1.4M 16.23
Current. Nice rally off the 10 day MVA on strong volume.
ELAB 03/06 Cup hdl 30.82 +0.23 24.06 28.88 221K 325K 29.75
Current. Holding the 10 day MVA on below average volume.
FDRY 04/29 Cup hdl 12.64 +0.77 10.9 13.15 4.8M 4.4M 10.74
Current. Strong volume surge off the 10 day MVA.
FDX 03/24 Cup hdl 63.34 +1.29 57.85 66 1.9M 2.2M 59.75
Current. Super move again as FDX catches its stride.
FFIV 04/23 A Wedge 16.46 +1.02 15.3 18.32 967K 750K 14.05
Current. Another strong move on volume.
FLSH 05/12 Rv H&S 8.92 +0.54 3.06 3.94 308K 195K 2.85
New.
GPRO 04/05 Dbl btm 36.33 +0.68 26.5 30.75 677K 521K 32.65
Current.
GS 04/26 Cup hdl 75.49 +0.49 76.9 82 3.9M 5M 75.22
Current. Trying to move up over the short term MVA but could not hold the move.
GSPN 04/29 Cup hdl 6.98 +0.09 6.39 8.25 2.7M 2.1M 6.05
Current. Strong volume as it continues to work up the 10 day MVA.
IDBE 04/16 Rv H&S 9.15 +0.17 8.17 11 295K 376K 7.94
Current. Nice volume as it works higher.
JNPR 04/15 Flat 12.53 +0.53 10.6 13.42 16M 17M 10.78
Current. Nice higher volume move up off the breakout test.
LLTC 03/20 Cup hdl 36.77 +0.43 34.97 40.48 5.6M 7M 34.55
Current. Moving up but volume backed off.
LM 05/06 Cup hdl 59.11 +1.41 58.5 67.78 628K 610K 55.72
Current. Strong volume move as LM completes the test.
MDCO 05/10 Test 18 21.33 +0.33 21.25 25.48 850K 825K 19.76
Current. Volume surges to average on the move off the 18 day.
MED 04/28 Cup hdl 8.26 -0.49 7.12 8.95 353K 145K 6.42
New buy point.
MER 04/28 Cup hdl 42.6 +0.43 41.55 47.45 4.2M 7.5M 40.55
Current. Still working up the 10 day MVA.
MME 04/30 BO 45.67 -0.27 45.65 54.45 1.2M 634K 42.45
Current. Held steady on strong volume.
MRGE 04/24 Rv H&S 9.1 +0.98 8.06 10.45 379K 65K 7.55
Current. Big move higher on volume.
MUSE 05/03 Test 18 8.06 +0.21 7.75 9.35 760K 2M 7.05
Current.
NENG 05/05 Cup hdl 2.24 +0.01 2.08 3.44 467K 232K 1.98
Current. Still working higher.
NSCN 04/23 Cup hdl 20.58 +0.88 21.17 25.42 1.4M 2.5M 19.69
Current. Nice volume bounce up off the 18 day MVA.
NSM 04/18 Cup hdl 22.99 +1.19 19.55 24.88 7.5M 3.8M 19.35
Current. Rallying on strong volume. One of the best looking chips.
NTES 04/01 Cup 25.4 +0.84 17 27 1.3M 1M 22.55
Current. Trying to start a new bounce up off the 10 day MVA on rising, average volume.
NVDA 05/08 Cup hdl 20.77 -0.6 17.55 21.25 25M 11M 16.32
Buy Not Issued.
NVLS 05/06 Flat 29.25 +0.56 30.28 36 7.9M 11M 28.16
Buy Not Hit.
OVTI 02/24 Cup hdl 29.84 +1.2 19.05 31 1.4M 1.2M 25.95
Current. Nice volume move as OVTI continues the run off the 10 day MVA test.
PCNTF 04/14 Cup 9.51 +0.29 7.7 9.62 249K 175K 8
Target Hit. Nice volume.
PKI 03/04 Test BO 11.43 +0.34 9.16 12 1M 1M 10.05
Current. Moving higher in the uptrend on stronger volume.
POWI 05/10 Flat 25.23 +1.1 24.85 29.75 1M 970K 23.11
Current. Nice volume surge off the 18 day MVA.
PWN 05/07 BO 11.45 +0.01 11.42 13.75 128K 117K 10.62
Buy Not Issued.
QLGC 03/15 Test BO 47.45 +0.7 38.85 45 5.1M 11M 42.22
Current.
QLGC 11/07 Test BO 47.45 +0.7 41.4 50 5.1M 25M 42.22
QLGC 08/17 CCall 47.45 +0.7 36.48 0 5.1M 12M 42.22
Current.
RARE 04/08 Cup 28.96 -0.57 30.06 36 190K 275K 29.12
Buy Not Issued.
RECN 05/03 Cup hdl 22.64 +0.14 23.74 28.25 73K 195K 21.96
Buy Not Hit.
REDF 04/21 BO 6.04 -0.44 4.35 7.25 714K 300K 5.18
Current. Gapped higher but fell back on stronger volume. It has done this before and we need to be wary.
RGEN 04/07 Test 18 6 +0.11 4.84 7.1 383K 132K 5.45
Current. Nice recovery and now showing some volume on the way back up.
RMD 05/03 Test BO 37.3 +0.6 37.75 43.75 222K 322K 35.92
Buy Not Issued. Bouncing off the 18 day MVA. Needs some more volume.
RTIX 04/23 Cup hdl 10.45 -0.03 10.45 12.55 166K 150K 9.88
Current. Took a lower volume breather.
SCSS 04/26 Cup hdl 14.84 +0.33 12.22 16 803K 696K 12.94
Current. Another solid move higher.
SEPR 04/12 Test BO 20.3 +0.97 17.1 21 2.3M 1.8M 18.05
Current. Nice volume break higher out of the consolidation.
SFNT 05/12 Cup hdl 27.71 +1.94 28.11 32.35 489K 394K 26.14
New.
SHRP 05/01 Cup hdl 20.5 0 21.45 25.25 382K 293K 19.95
Buy Not Issued. Doji on the 18 day MVA as volume moved back above average. Keeping watch for the breakout.
SIGM 05/06 Cup hdl 7.81 -0.2 7.58 9.55 136K 125K 7.05
Buy Not Issued.
SINA 04/12 Cup hdl 12.45 +0.09 9.35 13.45 2.1M 2.5M 10.88
Current. Holding steady over 12 on below average volume.
SPLS 03/31 Test 50 20.9 +0.21 20.3 23.55 6.8M 5M 19.55
Current. Volume rising as SPLS does the same.
SSYS 03/01 Cup hdl 24.03 +2.03 12.25 15.45 435K 110K 21.88
Current. Nice recovery on solid volume after the late week selling.
THOR 04/05 Test BO 14.06 +0.8 13.5 16.26 1M 721K 12.74
Current. Big surge off the 18 day MVA test.
TSCO 04/24 Cup hdl 44.86 +1.25 43.75 52 701K 603K 41.94
Current. Super bounce off the 10 day MVA on volume. Excellent action.
UCOMA 03/31 Cup hdl 4 +0.14 3.35 4.48 863K 875K 3.65
Current. Solid volume trying to break it out over 4.
UNTD 04/26 Test 18 20.77 +0.37 20.45 24.4 688K 1.9M 20.65
Current. Holding the 18 day MVA on low volume as we wait for it to bounce.
UNTD 03/15 Dbl btm 20.77 +0.37 17.28 20.75 688K 1.2M 20.65
Current.
UTHR 04/30 Cup hdl 18.39 +0.53 18.12 21.75 328K 226K 17.48
Current. What a recovery, rallying now on rising, above average volume.
VIVO 05/07 BO 9.3 -0.03 9.38 11.25 56K 45K 8.72
Buy Not Issued.
VRNT 05/05 Cup hdl 21.24 +1.48 22.92 27.55 406K 245K 21.32
Current. Nice recovery off the 50 day MVA on even stronger volume.
VRTS 08/19 CCall 25 +0.41 19.76 20 7.2M 8.5M 22.05
Current.
VSTA 04/28 Cup hdl 21.25 +0.67 19.98 23.85 838K 156K 19.97
Current. Bouncing off the 18 day MVA on volume.
VTAL 04/23 Cup hdl 16.98 +0.83 14.25 17.12 525K 150K 15
Target Hit. Still moving higher on volume.
WCS 05/12 Flat 26.93 +0.48 26.12 31.35 721K 510K 25.24
New.
WFR 03/29 FlyPlat 13.1 +0.1 12.4 15.15 611K 200K 12.22
Current. Big volume surge as the pattern tightens. Could be a big break ahead.
WFR 02/22 Flat 13.1 +0.1 9.35 14 611K 217K 12.22
Current.
WPI 05/05 Flat 35.83 +0.35 31.62 38 1.3M 1.9M 31.92
Current.
XLNX 03/20 Test BO 29.2 +0.39 28.05 34.55 8.6M 14M 26.88
Current.
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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