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stock recommendation, stock market recommendation
Begin part 2 of 2
Continuing plays ready to go:
Play Date: 04/12/2003
APOL (Apollo Group--$53.24; -0.11; options): Education and training.
http://biz.yahoo.com/p/a/apol.html
STATUS: Testing the 50 day MVA. APOL is volatile, but after a strong 3-month move up the short term MVA it is now testing that move, tapping toward the 50 day on the Tuesday low (52.71) and rebounding to recover some losses. After strong moves up the short term MVA after breakouts a stock will test the 50 day. If buyers come back in (institutions use the 50 day to add to positions) and the stock jumps higher, that is a great entry point. That is what we are looking for here.
Volume: 1.547M Avg Volume: 1.833M
BUY POINT: New: $54.15 (orig. $52.75) Volume=2.7M Target=$59 Stop=$54.96
POSITION: OAQ HJ - Aug. $50c (62 delta) &/or Stock
http://www.investmenthouse.com/ci/apol.html
Play Date: 04/26/2003
SCSS (Select Comfort--$14.51; +0.16; optionable): Air beds
http://biz.yahoo.com/p/s/scss.html
STATUS: Testing the breakout. SCSS is making the second test of its April breakout, holding the 10 day MVA on the Tuesday low (14.37), showing a tight doji as it did. SCSS is a retailer with legs, and this looks like the next entry point.
Volume: 633.237K Avg Volume: 423.136K
BUY POINT: New: $14.88 (orig. $12.22) Volume=696K Target=$16 Stop=$13.94
POSITION: QSL IB - Sept. $10c (70 delta) &/or Stock
http://www.investmenthouse.com/ci/scss.html
Still look ready: AOS; BRCM; CNQR; DRIV; DVA; FDX; GPRO; LM; MED; TLB
CONTINUING PLAY LIST:
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ADIC 05/13 DB hdl 9.53 -0.28 9.64 11.65 766K 521K 8.95
Current. Struggled a bit Tuesday, but we are sticking with it.
ADPT 05/19 Test 18 7.17 -0.07 7.65 9.21 487K 825K 7.11
Buy Not Hit.
ADVP 05/20 Cup hdl 32.07 +0.13 32.68 39.22 1.4M 2M 31.15
New.
AGEN 05/13 Cup hdl 10.6 -0.11 10.95 13.22 363K 417K 10.25
Current. Nice test.
ALT 05/07 Cup hdl 4.95 +0.12 4.4 5.45 209K 188K 4.15
Current. Continuing the move higher.
ALTR 04/15 Rv H&S 16.75 -0.15 15.75 18.81 5.9M 12M 16.62
Exited. Sold below the 18 day MVA and we exited with a trailing
stop but it rallied on the close to hold the 18 day MVA.
AMT 04/30 Test 50 8.38 +0.08 6.84 8.35 3.3M 2.1M 7.08
Current. Rallied sharply but gave most of the move back.
AOS 05/17 Test BO 31.25 +0.24 31.65 37.65 81K 136K 30.25
Buy Not Hit. Holding at the 10 day MVA.
APOL 04/12 A Wedge 53.24 -0.11 52.75 59 1.5M 2.7M 54.96
Current. Testing the 50 day MVA.
APOL 02/18 A Wedge 53.24 -0.11 46.25 52.88 1.5M 22M 54.96
Current.
AVE 05/19 Put 51.7 +0.55 50.96 48 360K 375K 52.25
Buy Not Hit.
BCR 05/10 A Wedge 65.49 -0.5 64.4 73.75 676K 477K 64.92
Current. Testing the 10 day MVA on the low and rebounding.
BLTI 02/10 Test BO 12.15 -0.16 7.2 13.45 599K 300K 11.78
Current. Testing back to the 10 day MVA on lower volume as it continues the downtrend.
BRCM 05/03 Cup hdl 20.31 +0.31 19.2 22.94 14M 15M 19.06
Current. Held the 10 day MVA after a pretty heavy session lower Monday.
CAH 04/09 Put 56.27 -0.51 55.96 52 2.9M 3.5M 54.74
Current.
CELG 05/14 A Wedge 29.6 -0.39 30.98 37.12 1.7M 1.8M 29.04
Current. Holding the 10 day MVA on lower volume as CELG tests the short term MVA as have most stocks.
CNQR 04/22 Test 18 6.13 +0.13 6.28 7.58 124K 250K 5.84
Buy Not Issued.
CTXS 03/29 Cup hdl 19.6 +0.25 14.12 17.25 3.3M 5.3M 18.56
Current. Holding the 10 day MVA, but it has double topped this month on lower volume. Needs to hold the 18 day MVA.
CZN 04/24 Cup hdl 12.09 +0.04 11.34 13.57 1.4M 156K 11.65
Current. Testing the 10 day MVA on rising volume.
DCTM 05/01 Cup hdl 18.12 +0.63 19.75 24 1.4M 1.8M 18.32
Exited. Rallied back toward 18 day MVA & used that to exit.
DKS 03/18 DB hdl 28.03 +0.28 23.81 28.42 212K 225K 28.35
Current. Tried to move back over the 18 day MVA but failed. Still holding on fairly well.
DKS 02/19 DB hdl 28.03 +0.28 22.75 27.35 212K 225K 28.35
Current.
DRIV 05/08 Test BO 17.34 +0.1 17.62 20.95 974K 1.4M 16.96
Current. Has tested back to the 18 day MVA, showing a doji. May be ready to start the next move.
DVA 05/17 Cup hdl 23.83 -0.09 24.65 29.55 160K 573K 23.45
Buy Not Hit.
ELAB 03/06 Cup hdl 30.69 -0.01 24.06 28.88 367K 325K 30.38
Current. Nice tight hammer doji right on the 18 day MVA as volume spiked.
FDRY 04/29 Cup hdl 13.33 +0.06 10.9 13.15 2.5M 4.4M 12.34
Current. Tapped the 10 day MVA on the low and recovered.
FDX 03/24 Cup hdl 61 +0.22 57.85 66 1.6M 2.2M 60.71
Current. Holding the 18 day MVA. Looks as if it is getting ready.
FFIV 04/23 A Wedge 15.34 -0.45 15.3 18.32 329K 750K 15.55
Current. Nice test.
FLSH 05/12 Rv H&S 9.8 +0.14 9.2 10.96 178K 195K 9.11
Current. Showing a doji over the 10 day MVA in a nice test.
GPRO 04/05 Dbl btm 34.56 -1.72 26.5 30.75 749K 521K 34.05
Current. Tapped the 18 day MVA on the low and rebounded on volume.
GS 04/26 Cup hdl 74.45 +0.1 76.9 82 4.4M 5M 75.22
Current. Was really suffering but rallied furiously in the last
half hour to close over the 50 day MVA with a nice
doji. Should have waited a bit longer before closing
it out.
GSPN 04/29 Cup hdl 6.27 -0.16 6.39 8.25 2.4M 2.1M 6.44
Exited. Broke the 18 day MVA on above average volume and did
not recover on the late market rebound.
HTCH 05/14 A Wedge 26.44 -0.1 27.78 33.35 432K 802K 25.84
Buy Not Issued.
IDBE 04/16 Rv H&S 10.48 -0.91 8.17 11 814K 376K 9
Current.
ISPH 05/19 Flat 14.78 -1.37 16.28 19.55 5.6M 469K 15.05
Buy Not Hit.
JNPR 04/15 Flat 12.59 -0.05 10.6 13.42 11M 17M 11.94
Current. Holding the 10 day MVA nicely on a lower volume test.
KOSP 05/13 Test BO 22.09 +0.03 22.94 27.48 213K 400K 21.33
Buy Not Issued.
LM 05/06 Cup hdl 57.68 +0.44 58.5 67.78 481K 610K 57.04
Current. Held the 18 day MVA and started up on rising, average volume.
LXK 05/20 Test 50 70.39 -0.21 70.85 79 1.5M 1.8M 68.55
New.
MAT 05/20 Put 21.56 -0.61 21.42 19.55 2.7M 2.5M 22.55
New.
MDCO 05/10 Test 18 20.72 -0.78 21.25 25.48 1.3M 825K 20.45
Current. Holding the 18 day MVA on the close after testing lower and then rallying back on stronger volume.
MED 04/28 Cup hdl 9.4 +0.2 8.7 10.42 156K 145K 8.09
Current. Preparing for the next move.
MME 04/30 BO 47.82 +1.27 45.65 54.45 855K 634K 44.65
Current. Another nice blast higher on volume.
MRGE 04/24 Rv H&S 9.77 +0.47 8.06 10.45 98K 65K 9.05
Current. Nice bounce up off the 10 day MVA on above average volume.
MUSE 05/03 Test 18 8.02 +0.18 7.75 9.35 4.5M 2M 7.48
Current. Volume surge as MUSE holds the 10 day MVA.
NENG 05/05 Cup hdl 2.2 +0.03 2.08 3.44 98K 232K 1.98
Current. Still working up the 10 day MVA.
NSCN 04/23 Cup hdl 21.49 -0.66 21.17 25.42 1.3M 2.5M 20.94
Current. Down to the 10 day MVA but on lighter volume.
NSM 04/18 Cup hdl 22.98 +0.64 19.55 24.88 3.4M 3.8M 22.25
Current. Held the 10 day MVA and started up.
NTES 04/01 Cup 25.35 -1.55 17 27 2.2M 1M 25.38
Current. Testing the 18 day MVA on above average volume.
NVDA 05/08 Cup hdl 20.2 +0.31 17.55 23.55 7.4M 11M 18.75
Buy Not Issued.
OVTI 02/24 Cup hdl 28.57 -1.03 19.05 31 992K 1.2M 28.25
Current. Sold down to tap the 18 day MVA on the low and recovered some of the loss. Volume remained low, a positive.
PKI 03/04 Test BO 11.17 +0.03 9.16 13.55 1.1M 1M 11
Current. Trying to hold the 18 day MVA.
PLB 05/19 Put 41.98 +0.26 41.62 39.12 136K 275K 42.88
Buy Not Hit.
POWI 05/10 Flat 22.87 -0.64 24.85 29.75 658K 970K 23.45
Current. Testing the 50 day MVA and rebounding on rising volume.
PWN 05/07 BO 11.45 -0.24 11.66 13.94 69K 117K 11.03
Current. Pulled back on lower volume.
QLGC 05/17 Test BO 44.38 +0.04 46.78 54 5.4M 8M 44.65
Buy Not Hit.
QLGC 03/15 Test BO 44.38 +0.04 38.85 45 5.4M 11M 44.24
Current.
QLGC 11/07 Test BO 44.38 +0.04 41.4 50 5.4M 25M 44.24
QLGC 08/17 CCall 44.38 +0.04 36.48 0 5.4M 12M 44.24
Current.
RECN 05/03 Cup hdl 20.38 +0.09 23.74 28.25 133K 195K 21.96
Buy Not Hit.
RGEN 04/07 Test 18 5.61 -0.15 4.84 7.1 504K 132K 5.45
Current.
RMD 05/03 Test BO 36.25 +0.3 37.75 43.75 160K 322K 35.92
Buy Not Issued.
RTIX 04/23 Cup hdl 10.4 -0.48 10.45 12.55 129K 150K 10.12
Exited. Was diving below the 18 day MVA, but rallied late with
the market to hold that level on the close.
SCSS 04/26 Cup hdl 14.51 +0.16 12.22 16 633K 696K 13.94
Current. Ready to make the next move with a doji on the 10 day MVA.
SEPR 04/12 Test BO 19.09 -0.49 17.1 21 2.1M 1.8M 19.41
Current. Struggling to hold the 18 day MVA. Needs to recover here.
SFNT 05/12 Cup hdl 25.1 +0.34 28.5 32.75 516K 394K 26.5
Exited. Tried to recover the 18 day MVA but failed.
SHRP 05/01 Cup hdl 20.41 +0.01 21.45 25.25 351K 293K 19.95
Buy Not Issued.
SIGM 05/06 Cup hdl 8.19 +0.2 7.58 9.55 108K 125K 7.35
Buy Not Issued.
SINA 04/12 Cup hdl 13.31 -0.09 9.35 13.45 4.3M 2.5M 12.38
Current. Holding the 10 day MVA though volume is a bit high.
SLAB 05/17 Put 26.35 -0.25 26.05 23.55 1.1M 1.1M 28.05
Current. Dove lower but recovered much of the loss.
SPLS 03/31 Test 50 18.9 -0.84 20.3 23.55 9.4M 5M 19.68
Exited.
SSYS 03/01 Cup hdl 29.3 -1.93 12.25 15.45 1.3M 110K 26.22
Current. Gapped higher and the reversed on strong volume. We will see if it holds the 10 day MVA at 27.50.
TLB 05/17 Put 26.71 +0.7 26.38 23 325K 375K 27.45
Buy Not Issued.
TSCO 04/24 Cup hdl 42.18 -0.03 43.75 52 461K 603K 42.85
Current. Trying to move back over the 18 day MVA, but having some trouble doing so.
UCOMA 03/31 Cup hdl 4.3 -0.24 3.35 4.48 911K 875K 4.21
Current.
UTHR 04/30 Cup hdl 18.45 -0.1 18.12 21.75 186K 226K 17.92
Current. Nice doji at the 10 day MVA.
VIVO 05/07 BO 9.33 +0.13 9.56 11.25 40K 45K 8.94
Buy Not Issued. Moving laterally over the 18 day MVA, building pressure for the move.
VRTS 08/19 CCall 23.49 -0.71 19.76 20 13M 8.5M 22.05
Current.
VSTA 04/28 Cup hdl 23.3 -0.03 19.98 23.85 234K 156K 22.26
Current. Excellent test of the 10 day MVA, showing a doji.
WPI 05/05 Flat 34.83 -1.1 31.62 38 2.4M 1.9M 34.05
Current. Down to the 10 day MVA on rising vlume. Needs to hold here.
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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