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us stock market, trend trading stock
Begin part 3 of 3
Play Date: 03/31/2003
UCOMA (United Globalcom--$4.54; -0.26; no options): Cable TV systems
http://biz.yahoo.com/p/u/ucoma.html
STATUS: Testing the breakout. While the market sold UCOMA pulled back to test the 10 day MVA on the intrada low (4.42) as volume backed off below average. Excellent action in a selling market. Looking for a bounce on rising volume for new positions.
Volume: 905.13K Avg Volume: 941.727K
BUY POINT: New: $4.68 (orig. $3.35) Volume=875K Target=$4.48 Stop=$4.21
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/ucoma.html
WATCHLIST/ CONTINUING:
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ADBE 04/02 Test BO 33.56 -2.38 34.12 41 4.1M 4.8M 35.42
Exited. Exited with a trailing stop as ADBE moved thru the
18 day MVA early.
ADPT 05/19 Test 18 7.24 -0.21 7.65 9.21 653K 825K 7.11
New.
ADSK 03/25 Cup hdl 15.93 -0.87 16.3 19.45 1.5M 1.8M 16.15
Exited. Gapped higher but then turned and broke the 18 day.
held the 50 day on the low, but we exited earlier on
the higher volume.
ADTN 04/15 Cup hdl 42.07 -1.72 40.88 46.95 945K 1.2M 42.75
Exited. Started thru the 18 day MVA so took the rest of the
$ off the table with a trailing stop.
AETH 05/14 Cup hdl 4.39 -0.21 4.45 5.45 523K 244K 4.21
Current. A lower volume test after the strong breakout move Friday.
ALGN 04/29 Test 50 7.98 -0.45 7.45 9.25 244K 378K 7.84
Current. Testing the 18 day MVA on lower, below average volume just as it should.
ALT 05/07 Cup hdl 4.83 +0.23 4.4 5.45 413K 188K 4.15
Current. Not bad action, rallying as the market sold.
AOS 05/17 Test BO 31.01 -0.36 31.65 37.65 101K 136K 30.25
Buy Not Hit.
APH 04/26 Test BO 45.55 -2.45 44.75 51.75 311K 150K 45.65
Exited. Sold off on strong volume, managing to hold the 18
day MVA. Exited with a moving average.
APOL 04/12 A Wedge 53.35 -1.97 52.75 59 2.3M 2.7M 54.96
Current. Undercut the 18 day MVA but on lower volume. APOL is as volatile as the wind and we are looking for abounc off 52050.
APOL 02/18 A Wedge 53.35 -1.97 46.25 52.88 2.3M 22M 54.96
Current.
ARTI 04/29 Cup 20.24 -1.03 20.35 24 1.3M 350K 20.75
Exited. Fell through the 18 day MVA on continuing volume so exited.
AVE 05/19 Put 51.15 -2.57 50.96 48 581K 375K 52.25
New.
BCR 05/10 A Wedge 65.99 -1.23 64.4 73.75 604K 477K 64.92
Current. Tested back in the selling, but holding most of the gain.
BLTI 02/10 Test BO 12.31 -0.58 7.2 13.45 865K 300K 11.78
Current. Gapped higher but gave the move back. Lower volume and not bad action.
BPOP 04/03 Cup hdl 38.37 -0.5 35.25 40.45 326K 200K 37.57
Current. A bit wild, but held up quite well in the end.
CAH 04/09 Put 56.78 -1.9 55.96 52 4.1M 3.5M 54.74
Current.
CCU 05/17 Cup hdl 39.34 -1.34 41.26 47.45 2.9M 6.9M 39.25
Buy Not Hit.
CHINA 05/03 Test BO 4.3 -0.58 5.25 6.35 1.5M 1.1M 4.74
Exited. Blew thru 18 day MVA on rising volume and we were out.
CNCT 03/03 Test BO 17.17 -0.8 15 17.94 208K 210K 17.38
Exited. Broke the 18 day, and though volume was lighter, we
decided to take the rest of the $ off the table given
the overall market action.
CVH 03/31 BO 41.1 -0.27 40.25 47.25 983K 815K 38.65
Current. Held up extremely well.
CY 05/17 Test 18 9.3 -0.5 10.06 12.12 1.5M 2.3M 9.36
Buy Not Hit.
CY 03/04 Cup hdl 9.3 -0.5 6.7 8.65 1.5M 2.3M 9.48
Current. Turned and undercut the 18 day MVA. Very low volume, but has to recover quickly.
ELAB 03/06 Cup hdl 30.7 -0.94 24.06 28.88 133K 325K 30.38
Current. Holding the 18 day MVA on continued below average volume.
EPIC 05/08 FlyPlat 3.09 -0.11 3.15 4 192K 145K 2.94
Current. Nice doji right on the 18 day MVA.
EXTR 05/17 Test BO 5.08 -0.25 5.45 7.42 3.2M 4.5M 5.07
Buy Not Hit.
FDX 03/24 Cup hdl 60.78 -1.72 57.85 66 1.5M 2.2M 60.71
Current. Slight undercut of the 18 day MVA on continued below average volume.
FFIV 04/23 A Wedge 15.79 -0.89 15.3 18.32 677K 750K 15.55
Current. Sold to the 10 day MVA.
FLIR 05/08 PreSplt 50.75 -1.83 51.7 58.75 254K 401K 51.25
Current. Back down to near the bottom of the trading range.
FLSH 05/12 Rv H&S 9.66 -0.34 9.2 10.96 246K 195K 9.11
Current. Falling toward the 10 day MVA as well on rising volume.
GPRO 04/05 Dbl btm 36.29 -0.38 26.5 30.75 342K 521K 34.05
Current. Nice low volume test of the 10 day MVA.
GRMN 11/06 Cup hdl 45.96 -2.43 22.34 37.45 635K 198K 44.44
Current. Sold back more than we have seen in a long time with some rising, average volume. Needs to hold the 18 day.
GS 04/26 Cup hdl 74.35 -2.35 76.9 82 4M 5M 75.22
Current. Sold back toward the bottom of the recent range at 74, but volume contracted as the financials remain decent.
HIL 05/03 BO 8.98 -0.03 7.45 8.96 358K 250K 7.96
Current. Nice 10 day MVA test.
HTCH 05/14 A Wedge 26.54 -1.02 27.78 33.35 892K 802K 25.84
Buy Not Issued.
HYSL 05/06 Cup hdl 30 -1.16 31.15 37.35 820K 1M 29.88
Current. above average volume as HYSL sold to recent support at 30.
IDBE 04/16 Rv H&S 11.39 +0.96 8.17 11 1M 376K 9
Current. Nice move contra market.
JPM 04/01 Test BO 30.42 -0.83 24.96 28.55 8.3M 1.2M 29.65
Current. Excellent action, holding the 10 day MVA on lower volume.
KOSP 05/13 Test BO 22.06 -1.03 22.94 27.48 558K 400K 21.33
Buy Not Issued.
LEXR 04/30 FlyPlat 5.92 -0.26 5.06 7 1.3M 1.2M 5.35
Current. Lower volume pullback as LEXR remains over the 10 day MVA.
LLTC 03/20 Cup hdl 33.19 -2.06 34.97 40.48 8M 7M 34.55
Exited. Broke the 50 day MVA on rising volume.
LU 05/14 Cup hdl 2.29 -0.07 2.37 3.05 38M 60M 2.17
Current. Low volume pullback.
LXK 03/24 Cup hdl 70.6 -2.75 66.92 75 2.1M 2M 72.78
Exited. Moved out with a trailing stop to bank the rest of
the gain before it got ugly.
MED 04/28 Cup hdl 9.2 -0.21 8.7 10.42 188K 145K 8.09
Current. Nice 10 day MVA test. Holding up well and getting ready for more.
MEDI 05/06 Test 18 33.84 -0.48 35.55 41 5.9M 5M 33.38
Current. Testing the 50 day MVA and volume jumped as it did and as it should.
MERQ 05/12 Cup hdl 35.25 -2.07 37.68 44.25 2.5M 6.8M 35.04
Buy Not Issued.
MOBE 04/24 Cup 1.8 0 1.88 2.38 172K 110K 1.75
Current. Very tight, lateral move at the 18 day MVA.
MVL 03/03 BO 20.5 -0.08 11.82 21 1.5M 675K 18.55
Current. Gapped higher but held steady on the close. What an uptrend.
MXIM 04/18 Rv H&S 36.45 -1.71 40.12 45 9M 1.2M 38.65
Exited. Fell thru 50 day hard.
NBIX 05/03 Cup 47.87 -1.33 48.2 54.25 384K 600K 46.74
Current. Testing the 10 day MVA.
NENG 05/05 Cup hdl 2.17 -0.02 2.08 3.44 220K 232K 1.98
Current. Moving along the 10 day MVA, showing rising volume as it held up quite well.
NSCN 04/23 Cup hdl 22.15 -0.01 21.17 25.42 1.7M 2.5M 20.94
Current. Excellent lateral move, holding the gains. Will be ready for more in a couple of sessions.
NSM 04/18 Cup hdl 22.34 -1.66 19.55 24.88 3.8M 3.8M 22.25
Current. Thud. Down to the 10 day MVA on rising volume. Needs to hold here.
NTN 05/07 Test BO 1.97 +0.02 1.95 2.75 176K 183K 1.81
Current. Nice lateral move over the 10 day MVA on good volume. Could be ready as well in a day or two.
NVDA 05/08 Cup hdl 19.89 -1.37 17.55 23.55 10M 11M 18.75
Buy Not Issued.
NWK 04/28 DB hdl 7.27 -0.13 7.11 9.45 83K 256K 7.31
Current. Back to the 18 day MVA on low, below average volume.
ONXX 05/19 Rv H&S 9.27 +0.27 9.55 11.55 433K 300K 8.74
New.
PENN 05/07 Test BO 21.44 -0.34 22.75 26.94 426K 576K 21.05
Buy Not Issued.
PKI 03/04 Test BO 11.14 -0.96 9.16 13.55 939K 1M 11
Current. Back to the 10 day MVA on rising, above average volume. This is the key point to hold.
PRX 05/19 Put 38.45 -1.05 38.18 35 478K 700K 39.75
New.
PWN 05/07 BO 11.69 +0.39 11.66 13.94 158K 117K 11.03
Current. Bucked the trend with a nice volume break higher.
QLGC 05/17 Test BO 44.34 -1.87 46.78 54 4.8M 8M 44.65
Buy Not Hit.
QLGC 03/15 Test BO 44.34 -1.87 38.85 45 4.8M 11M 44.24
Current.
QLGC 11/07 Test BO 44.34 -1.87 41.4 50 4.8M 25M 44.24
RESP 04/07 Test 18 35 -1.65 38.55 44.45 505K 243K 37.25
Buy Not Issued. Not doing it.
REY 04/26 Test BO 27.35 -0.72 29.06 34.65 174K 391K 27.75
Buy Not Issued. Tanked to the 50 day MVA.
REY 06/19 Cup hdl 27.35 -0.72 31.15 37.38 174K 430K 28.97
RMD 05/03 Test BO 35.95 -0.3 37.75 43.75 199K 322K 35.92
Buy Not Issued. Doji just below the 18 day MVA.
ROOM 04/26 Cup 82.06 -4.28 68.75 94 607K 1.7M 80.55
RTIX 04/23 Cup hdl 10.88 -0.11 10.45 12.55 68K 150K 10.12
Current. Very nice, holding its gains on below average volume.
SLAB 05/17 Put 26.6 -0.22 26.58 24 1.5M 1.1M 28.06
Buy Not Issued. Not much of a drop after the big breakdown Friday and
the market selling Monday. That made us wait to see
if there was a 50 day MVA test.
SMTC 05/10 A Wedge 16.25 -0.51 17.55 21 801K 1.9M 16.65
Exited. Fell thru the 18 day & not taking chances even with
the lighter volume.
SSYS 03/01 Cup hdl 31.23 +1.86 12.25 15.45 607K 110K 26.22
Current. Up yet again.
STK 04/28 Cup hdl 24.75 -1.07 26.55 31 803K 1M 25
Buy Not Issued.
TWTC 05/13 A Wedge 5.45 +0.02 4.08 5.85 1.4M 522K 4.44
Current. Held the gains with a big doji on strong volume. Letting it work for us even though it could test back some.
UBET 05/05 BO 3.23 -0.12 3.43 4.49 910K 425K 3.19
Buy Not Issued.
UCOMA 03/31 Cup hdl 4.54 -0.26 3.35 4.48 905K 875K 4.21
Current. Nice test.
UIS 05/10 Cup hdl 10.13 -0.59 11.05 13.25 1.3M 1.6M 10.38
Buy Not Hit. Turned down to the 50 day MVA.
UNTD 04/26 Test 18 20.42 -1.25 20.45 24.4 905K 1.9M 20.84
Exited.
UNTD 03/15 Dbl btm 20.42 -1.25 17.28 20.75 905K 1.2M 20.84
Exited. Took the rest of the money off the table for a nice
gain with a trailing stop.
WFII 04/30 Cup 9.55 +0.22 7.55 9 816K 261K 8.44
Current. Another upside move on volume.
YHOO 12/11 Test 50 25.95 -1.8 17.32 25 16M 20M 25.92
Current. Down to the 18 day MVA on rising volume. Going to give it some wiggle room but not too much.
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 f
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