trade stock, stock recommendation

Begin part 3 of 3

Play Date: 05/13/2003
KOSP (KOS Pharmaceuticals--$23.07; +0.57; optionable): Drug manufacturers
http://biz.yahoo.com/p/k/kosp.html
STATUS: Testing the breakout. KOSP started up after the test of its breakout, but volume was much lower, barely making average. We wanted to see some more trade on the move. KOSP exploded out of a 5.5 month cup base in late April, never stopping to form a handle. It is now forming that handle. Accumulation is solid at 5 up weeks on rising volume to 2 down weeks on rising volume. Strong money flow, and strong relative strength. Now we just need to see more volume.
Volume: 302.294K Avg Volume: 248.363K
BUY POINT: $22.94 Volume=400K Target=$27.48 Stop=$21.33
POSITION: KQW HX - Aug. $22.50c (56 delta) &/or Stock
http://www.investmenthouse.com/ct/kosp.html

WATCHLIST/ CONTINUING:

Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop

ADBE 04/02 Test BO 36.25 -0.24 34.12 41 2.2M 4.8M 35.42
Current. Nice doji on the 18 day MVA.

ADSK 03/25 Cup hdl 16.45 -0.48 16.3 19.45 1.5M 1.8M 15.72
Current. Good move up given back in a day. Needs to hold at 16.25.

ADTN 04/15 Cup hdl 45.12 -0.75 40.88 46.95 1M 1.2M 42.12
Current. Nice test back after the strong move.

ALGN 04/29 Test 50 8.66 -0.06 7.45 9.25 298K 378K 7.05
Current. Moving laterally after the strong move.

ALT 05/07 Cup hdl 4.43 +0.28 4.4 5.45 505K 188K 4.06
Current. Nice break higher on volume.

APH 04/26 Test BO 46.08 -0.07 44.75 51.75 193K 150K 43.88
Current. Looks ready for another move as volume jumped.

APOL 04/12 A Wedge 55.97 -0.14 52.75 59 1.3M 2.7M 54.25
Current. Nice doji at the 10 day MVA on lower volume.

APOL 02/18 A Wedge 55.97 -0.14 46.25 52.88 1.3M 22M 54.25
Current.

ARTI 04/29 Cup 22.85 -0.25 20.35 24 362K 350K 19.88
Current. Testing the breakout on lower volume.

BBA 04/05 Cup hdl 9.68 +0.22 6.05 7.55 370K 329K 8.05
Current. Another move higher.

BCR 05/10 A Wedge 65.12 +0.32 64.4 73.75 187K 477K 62.25
Current. Took a breather after a strong move.

BLTI 02/10 Test BO 11.46 +0.26 7.2 9.5 594K 300K 11.25
Current. Rallied on some stronger volume so we stayed with the position.

BPOP 04/03 Cup hdl 38.54 -0.18 35.25 40.45 122K 200K 36.48
Current. Good move Tuesday, took a breather Wednesday.

CAH 04/09 Put 57.95 -0.08 55.96 52 2.6M 3.5M 54.74
Current.

CBRL 05/01 Cup hdl 32.92 +0.05 32.78 37.65 285K 1.1M 30.49
Buy Not Issued.

CHINA 05/03 Test BO 4.99 +0.09 5.25 6.35 1.1M 1.1M 4.74
Current. Still working laterally over the 18 day MVA.

CNCT 03/03 Test BO 18.01 -0.02 15 17.94 135K 210K 16.94
Current. Still holding the 10 day MVA as it works higher.

CVH 03/31 BO 39.83 +0.36 38.25 44.92 618K 815K 37.65
Buy Not Issued.

CY 03/04 Flat 9.8 -0.17 6.7 8.65 2.4M 2.3M 9.48
Current.

CYPB 05/05 Cup 3 -0.13 3.55 4.38 216K 95K 3.22
Current. Holding the 18 day MVA on lower volume so let it ride for another session.

ELAB 03/06 Cup hdl 31.99 +0.92 24.06 28.88 249K 325K 29.75
Current. Gapped higher on rising volume.

EPIC 05/08 FlyPlat 3.45 0 3.15 4 250K 145K 2.74
Current. Taking a rest after the super surge higher.

ETN 05/03 Cup hdl 80.28 -0.85 82.65 90.94 381K 838K 79.88
Buy Not Issued. Has lost some of its allure though it is holding the handle at 80. Will give it to the weekend.

FDX 03/24 Cup hdl 61.77 -1.04 57.85 66 1.9M 2.2M 59.75
Current. Strong move, then giving it back on strong volume. Still continues in the uptrend, however.

FFIV 04/23 A Wedge 16.51 +0.28 15.3 18.32 622K 750K 14.05
Current. Still working higher on solid volume.

FLIR 05/08 PreSplt 51.57 +0.59 51.7 58.75 259K 401K 49.65
Current. Still holding at the 18 day MVA, but is not making the jump that it looked to be starting.

FLSH 05/12 Rv H&S 10 +0.11 9.2 10.96 512K 195K 8.56
Current. Took a day off after the strong break higher.

GPRO 04/05 Dbl btm 36.72 +1.43 26.5 30.75 675K 521K 32.65
Current. Nice move higher on rising volume.

GRMN 11/06 Cup hdl 47.78 -0.07 22.34 37.45 545K 198K 42.45
Current.

GS 04/26 Cup hdl 74.95 0 76.9 82 3.4M 5M 75.22
Current. Trying to hold 74.

HIL 05/03 BO 9.28 +0.53 7.45 8.96 523K 250K 7.65
Current. Nice break higher on strong volume.

HTCH 05/14 A Wedge 27.19 -0.2 27.78 33.35 587K 802K 25.84
New.

HYSL 05/06 Cup hdl 30.47 -0.18 30.83 37 388K 1M 28.67
Buy Not Issued. Still in the pattern and looks good.

IDBE 04/16 Rv H&S 9.65 +0.33 8.17 11 233K 376K 7.94
Current. Nice gap higher on volume.

IGLD 04/21 Cup 4.92 -0.76 4.3 6.45 833K 543K 4.75
Current. Thudded down to the 18 day MVA on volume. Danger.

JPM 04/01 Test BO 30.49 -0.23 24.96 28.55 7.5M 1.2M 28.88
Current. Working laterally over the 10 day MVA on lower volume. Looking for the next rally to send it higher.

KLAC 04/02 Test 50 41.54 -1.21 39.4 45.48 11M 13M 40.65
Current. Down to the 18 day MVA in the chip selling. It has used that level as support on the entire move higher.

KOSP 05/13 Test BO 23.07 +0.57 22.94 27.48 302K 400K 21.33
Buy Not Issued.

LEXR 04/30 FlyPlat 5.96 +0.22 5.06 7 1.4M 1.2M 4.97
Current. Up again on above average volume.

LLTC 03/20 Cup hdl 35.45 -0.85 34.97 40.48 7.4M 7M 34.55
Current.

LU 05/14 Cup hdl 2.18 +0.03 2.32 3 48M 60M 2.16
New.

LXK 03/24 Cup hdl 74 +0.2 66.92 75 952K 2M 71.94
Current. Holding he 10 day MVA.

MED 04/28 Cup hdl 9.32 +0.07 8.7 10.42 166K 145K 8.09
Current. Took a breather.

MEDI 05/06 Test 18 34.95 +0.08 35.55 41 2.3M 5M 33.15
Current. Two lower volume sessions over the 18 day MVA.

MERQ 05/12 Cup hdl 36.59 -0.21 37.68 44.25 2.8M 6.8M 35.04
Buy Not Hit. Nice handle, testing the 10 day MVA on the low.

MOBE 04/24 Cup 1.83 -0.05 1.88 2.38 94K 110K 1.75
Current. Holding the 18 day MVA.

MVL 03/03 BO 19.7 +0.22 11.82 21 718K 675K 17.55
Current. Still working up the 10 day MVA after filling the gap.

MXIM 04/18 Rv H&S 38.18 -1.19 40.12 45 10M 1.2M 38.65
Current. Down to the 50 day MVA in the chip selling. Rallied back after undercutting it some so we let it run another session to see if it can continue the rebound.

NBIX 05/03 Cup 49.57 +2.34 48.2 54.25 608K 600K 45.96
Current. Nice volume move. Nice.

NENG 05/05 Cup hdl 2.18 +0.04 2.08 3.44 290K 232K 1.98
Current. Tapped the 18 day MVA and started back up on rising, above average volume.

NSCN 04/23 Cup hdl 22 +0.02 21.17 25.42 2.3M 2.5M 19.69
Current. Took the day off on lower volume.

NSM 04/18 Cup hdl 23.53 -0.51 19.55 24.88 4.8M 3.8M 19.35
Current. Strong move higher is now pulling back on lower volume.

NTN 05/07 Test BO 1.97 -0.02 1.95 2.75 102K 183K 1.81
Current. Holding up on lower volume.

NVDA 05/08 Cup hdl 20.36 -0.02 17.55 21.25 8.1M 11M 16.32
Buy Not Issued.

NWK 04/28 DB hdl 7.84 0 7.11 9.45 165K 256K 6.98
Current. Volume up again as NWK tries to continue the break higher.

PENN 05/07 Test BO 22.09 -0.62 22.75 26.94 709K 576K 21.05
Buy Not Issued.

PKI 03/04 Test BO 11.66 +0.64 9.16 12 1.1M 1M 10.05
Current. Up again on excellent volume.

PWN 05/07 BO 11.53 -0.12 11.42 13.75 97K 117K 10.62
Buy Not Issued. Still working up the 10 day MVA, but never gave the breakaway move. Need to let it form up some more, maybe with another test lower.

QLGC 03/15 Test BO 46.26 -1.18 38.85 45 5.2M 11M 42.22
Current.

QLGC 11/07 Test BO 46.26 -1.18 41.4 50 5.2M 25M 42.22

REDF 04/21 BO 5.95 -0.15 4.35 7.25 343K 300K 5.18
Current. Nice 10 day MVA test.

RESP 04/07 Test 18 37.75 -0.55 38.55 44.45 192K 243K 37.25
Buy Not Issued.

REY 04/26 Test BO 28.62 -0.03 29.06 34.65 189K 391K 27.75
Buy Not Issued. Looks ready to start the next leg higher.

REY 06/19 Cup hdl 28.62 -0.03 31.15 37.38 189K 430K 28.97

RMD 05/03 Test BO 36.29 -0.51 37.75 43.75 151K 322K 35.92
Buy Not Issued. Holding the 18 day MVA on below average volume.

ROOM 04/26 Cup 83.58 -0.62 68.75 75 408K 1.7M 63.94

RTIX 04/23 Cup hdl 10.8 -0.04 10.45 12.55 226K 150K 9.88
Current. Continuing the move higher.

SMTC 05/10 A Wedge 17.58 +0.06 17.55 21 686K 1.9M 16.26
Current. Started the move but is not making the breakaway with all of the chip news.

SSYS 03/01 Cup hdl 29.1 +1.5 12.25 15.45 976K 110K 21.88
Current. And yet another volume move higher.

STK 04/28 Cup hdl 26.24 +0.04 25.65 31 586K 1M 23.88
Buy Not Issued.

TWTC 05/13 A Wedge 4.2 +0.22 4.08 5.85 733K 522K 3.62
Current. Nice continuation move though it finished off the intraday high.

UBET 05/05 BO 3.45 -0.01 3.43 4.49 483K 425K 3.19
Buy Not Hit.

UCOMA 03/31 Cup hdl 4.94 +0.74 3.35 4.48 5M 875K 4.05
Target Hit. Huge break higher on strong volume.

UIS 05/10 Cup hdl 10.8 -0.07 11.05 13.25 1.1M 1.6M 10.38
Buy Not Hit. Still working on a nice handle.

UNTD 04/26 Test 18 21.52 -0.43 20.45 24.4 734K 1.9M 20.65
Current. Took the day off.

UNTD 03/15 Dbl btm 21.52 -0.43 17.28 20.75 734K 1.2M 20.65
Current.

WCS 05/12 Flat 26.89 +0.11 26.12 31.35 256K 510K 25.24
Buy Not Hit. Still solid.

WFII 04/30 Cup 8.65 -0.08 7.55 9 308K 261K 8.12
Current. Still moving up the 10 day MVA.

YHOO 12/11 Test 50 27.09 -0.13 17.32 25 12M 20M 23.94
Current. Strong move early in the week and took a break with the market Wednesday.

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.

trade stock
stock recommendation