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online investment information, Breakout test
Begin part 2 of 2
CONTINUING PLAYS THAT LOOK READY:
Play Date: 05/24/2003
ZMH (Zimmer Holdings--$45.55; -0.64; optionable): Medical appliances
http://biz.yahoo.com/p/z/zmh.html
STATUS: Put. ZMH started to turn over Wednesday after the low volume move back up to test the 50 day MVA breach. Volume was still light and below average as it made the turn, but we will look for volume to increase on the move lower, and that will be our cue to enter.
Volume: 1.398M Avg Volume: 1.633M
BUY POINT: New: $45.35 (orig. $45.72) Volume=2.4M Target=$42.12 Stop=$46.45
POSITION: ZMH SJ - July $50p (-79 delta)
http://www.investmenthouse.com/ci/zmh.html
Still look ready: VSTA; MRGE; BCR
CONTINUING PLAY LIST:
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ABTL 05/21 Test BO 5.4 +0.08 5.25 6.94 326K 371K 4.88
Current. Waffling some under 5.50 after the strong move off the 10 day last week.
ADIC 05/13 DB hdl 10.55 -0.22 9.64 11.65 918K 521K 9.22
Current. Gave back some of the move but on lower volume.
ADPT 05/19 Test 18 7.9 -0.01 7.88 9.48 677K 825K 7.33
Current. Taking a breather after a nice break higher.
ADVP 05/20 Cup hdl 32.75 -0.25 32.85 39.22 739K 2M 31.92
Current. Testing the 18 day MVA.
AETH 05/14 Cup hdl 5.08 +0.05 4.45 5.45 637K 244K 4.21
Current. Showing a doji after a strong move off the 10 day MVA. Still very solid.
AGEN 05/13 Cup hdl 12.36 +0.23 10.95 13.22 937K 417K 10.25
Current. Another solid, above average volume move on the breakout.
ALT 05/07 Cup hdl 4.9 -0.15 4.4 5.45 156K 188K 4.44
Current. Moving laterally over the 10 day MVA.
AMT 04/30 Test 50 9.25 +0.19 6.84 8.35 2.9M 2.1M 7.58
Current. Another move higher on volume.
AOS 05/17 Test BO 31.7 +0.2 31.65 37.65 68K 136K 30.25
Buy Not Issued.
APOL 05/27 Test 50 55.54 +0.59 55.07 62 2.1M 2.7M 52.25
Current. Another move higher on lower though average volume.
AVE 05/19 Put 53.25 +0.02 50.96 48 128K 375K 52.25
Buy Not Hit.
BCR 05/10 A Wedge 67.22 -0.79 64.4 73.75 374K 477K 65.75
Current. Nice breakout test.
BGEN 05/24 Rv H&S 42.37 -0.51 42.35 49.55 4.3M 4.5M 39.39
Current. Took a lower volume breather after the strong Tuesday move.
BLTI 02/10 Test BO 13.85 +0.54 7.2 13.45 668K 300K 11.78
Current. Nice run higher yet again.
BRCM 05/03 Cup hdl 23.02 -0.7 19.2 22.94 17M 15M 20.12
Current. After a strong move BCRM faded back some.
CELG 05/14 A Wedge 32.3 -1.17 30.98 37.12 3.7M 1.8M 29.04
Current. Gapped higher but then sold back after a very strong and volatile move Tuesday.
CMVT 05/24 Test BO 14.68 +0.19 13.75 16.55 4.1M 4.4M 12.79
Current. Took a breather after the strong breakout Tuesday.
CNQR 04/22 Test 18 6.78 -0.1 6.75 8.12 416K 250K 6.12
Current. Nice breakout test.
CTXS 03/29 Cup hdl 21.58 +0.46 14.12 17.25 3.8M 5.3M 18.92
Current. Another move higher on solid volume.
CZN 04/24 Cup hdl 12.2 +0.05 11.34 13.57 3.5M 156K 11.65
Current. Still in the lateral move but volume surge Wednesday. May be ready.
DKS 03/18 DB hdl 29.41 +0.01 23.81 28.42 367K 225K 28.35
Current. Still taking a breather at the 10 day MVA.
DKS 02/19 DB hdl 29.41 +0.01 22.75 27.35 367K 225K 28.35
Current.
DRIV 05/08 Test BO 18.79 -0.3 17.62 20.95 793K 1.4M 16.96
Current. Stalling some again at 19. Needs to get over this level.
DVA 05/17 Cup hdl 24.14 -0.06 24.65 29.55 202K 573K 23.45
Buy Not Hit.
ELAB 03/06 Cup hdl 28.69 -1.83 24.06 28.88 817K 325K 30.38
Current. Thudded to the 50 day MVA on a strong volume surge. Second test in a week, not a sign of strength.
FDRY 04/29 Cup hdl 14.79 -0.04 10.9 13.15 3M 4.4M 13.05
Current. Still working in the solid uptrend over the 10 day MVA.
FDX 03/24 Cup hdl 62.22 +0.13 57.85 66 1.2M 2.2M 60.71
Current. Doji after a strong move up off support at 60. Needs some volume and a further move over 62.
FFIV 05/21 Test 18 17.02 +0.22 15.62 18.55 698K 750K 15.23
Current. Good volume but gave back most of the move as it again struggles at 17.
FFIV 04/23 A Wedge 17.02 +0.22 15.34 18.32 698K 750K 15.23
Current.
FLSH 05/22 Test BO 11.35 +0.26 10.55 12.75 294K 195K 9.69
Current. Still moving up the 10 day MVA on the solid breakout.
FLSH 05/12 Rv H&S 11.35 +0.26 9.2 10.96 294K 195K 9.69
Current.
GPRO 04/05 Dbl btm 38.9 -0.06 26.5 30.75 539K 521K 35.35
Current. Still working up the 10 day MVA.
HTCH 05/14 A Wedge 29.4 +0.3 29 33.35 1M 802K 26.97
Current. Modest move after the breakout.
IDBE 04/16 Rv H&S 10.18 -0.17 8.17 11 493K 376K 9.25
Current. Holding the 10 day MVA.
JCOM 05/27 Cup hdl 35.01 -1.34 38.12 45.55 2.9M 1M 34.94
Current. Strong volume breakout to a new high.
JNPR 05/22 Flat 13.9 +0.01 12.9 15.55 43M 17M 11.94
Current. Strong Tuesday move and took a breather Wednesday. Volume surged as JNPR announces a convertible offering.
JNPR 04/15 Flat 13.9 +0.01 10.6 13.42 43M 17M 11.94
Current.
KOSP 05/13 Test BO 24.86 -1.45 23.25 27.48 693K 400K 21.88
Buy Not Issued.
LGTO 05/22 A Wedge 7 +0.01 7.06 8.75 2.8M 2M 6.57
Current. Nice break higher but gave back a big part of the move
as the market pulled back in the afternoon.
LM 05/06 Cup hdl 61.45 +0.95 58.5 67.78 1M 610K 57.04
Current. Nice volume surge higher.
LXK 05/20 Test 50 70.14 +0.04 71.4 79.55 2M 1.8M 68.68
Current. Stil at the 50 day MVA with another doji.
MAT 05/20 Put 21.03 -0.48 21.3 19.45 3.4M 2.5M 21.95
Current. Tankign on higher volume.
MDCO 05/10 Test 18 22.84 -0.3 21.25 25.48 791K 825K 20.45
Current. Strong move up off the 50 day MVA, then resting some Wednesday.
MED 05/22 Test BO 11.66 -0.09 10.62 12.78 313K 145K 9.65
Current. Gapped higher, closing basically flat.
MED 04/28 Cup hdl 11.66 -0.09 8.7 10.42 313K 145K 9.65
Current.
MER 04/28 Cup hdl 42.92 +0.92 43.12 49.55 5.8M 7.5M 40.1
Buy Not Hit. Looks ready.
MME 04/30 BO 47.42 -0.26 45.65 54.45 521K 634K 45.38
Current. Slowing down at 48 as it continues up the 10 day MVA.
MRGE 04/24 Rv H&S 10.4 -0.25 8.06 10.45 76K 65K 9.88
Current. Nice lower volume 10 day MVA test.
MUSE 05/03 Test 18 9.34 +0.34 7.75 9.35 2.9M 2M 7.75
Target Hit. Took some nice gain.
NCN 05/21 Cup hdl 8.19 +0.01 8.28 10 317K 254K 7.88
Buy Not Hit.
NENG 05/05 Cup hdl 2.64 +0.08 2.08 3.44 772K 232K 2.12
Current. UP off the 18 day MVA, still moving higher on volume.
NSCN 04/23 Cup hdl 22.37 -0.38 21.17 25.42 1.6M 2.5M 20.94
Current. Lower volume test back to the 10 day MVA.
NSM 04/18 Cup hdl 22.73 -0.78 19.55 24.88 3.8M 3.8M 21.82
Current. Back to the 10 day MVA on rising volume. Looked good but this pullback is not what it needed.
NTES 04/01 Cup 31.65 -0.68 17 27 2.7M 1M 25.38
Current. Gapped higher but faded back. Still solid.
NVDA 05/08 Test BO 22.66 -0.06 22.62 27 10M 11M 20.05
Current. Took a day of rest after the strong move.
NVLS 05/06 Flat 31.07 +0.05 30.28 36 9.4M 11M 28.16
Current. Took a breather on lower volume.
OSI 05/24 Put 36.85 +0.55 35.8 33 596K 897K 36.85
Buy Not Hit.
OVTI 02/24 Cup hdl 34.2 +0.6 19.05 31 1.5M 1.2M 28.25
Current. Strong move the past week but gapped higher with a tombstone doji on rising volume. Signals a pullback, but still in a great uptrend.
PKI 03/04 Test BO 12.65 +0.15 9.16 13.55 1.2M 1M 11
Current. Still working higher over the 10 day MVA.
PLB 05/19 Put 43.16 +0.87 41.62 39.12 193K 275K 42.88
Buy Not Issued.
PWN 05/07 BO 12.08 +0.18 11.66 13.94 146K 117K 11.18
Current. continued the move up off the 10 day MVA.
QLGC 05/17 Test BO 47.84 +0.04 46.78 54 6.2M 8M 44.65
Buy Not Issued. Trying to make a clean break over 48.
QLGC 03/15 Test BO 47.84 +0.04 38.85 45 6.2M 11M 44.24
Current.
QLGC 11/07 Test BO 47.84 +0.04 41.4 50 6.2M 25M 44.24
QLGC 08/17 CCall 47.84 +0.04 36.48 0 6.2M 12M 44.24
Current.
RGEN 04/07 Test 18 6.64 +0.24 4.84 7.1 533K 132K 5.45
Current. Nice volume move as RGEN breaks higher.
RHAT 05/27 Test 18 7.25 -0.01 7.45 8.94 1.4M 1.4M 6.93
Buy Not Hit.
RMBS 04/09 A Wedge 17.55 +1.11 17.55 21.45 6.2M 6.8M 15.94
Current. Nice breakout on volume.
RMD 05/03 Test BO 39.27 +0.99 37.75 43.75 423K 322K 35.92
Buy Not Issued.
SCSS 04/26 Cup hdl 15.85 +0.45 12.22 16 465K 696K 14.12
Current. Still in a nice uptrend.
SEPR 04/12 Test BO 23 -0.15 17.1 21 2.3M 1.8M 19.88
Current. Took a rest after Tuesday's wild action.
SHRP 05/23 Cup hdl 22.06 +0.21 22.06 26.55 248K 350K 20.52
Buy not issued.
SIGM 05/06 Cup hdl 8.55 -1.02 7.58 9.55 828K 125K 7.85
SINA 05/22 Cup hdl 15.24 -0.05 14.75 17.75 3.6M 2.5M 13.12
Current. Gapped higher but could not hold it. Still a solid bounce from the 18 day MVA.
SINA 04/12 Cup hdl 15.24 -0.05 9.35 13.45 3.6M 2.5M 12.78
Current.
SRNA 05/28 Rv H&S 19.5 +0.47 20.35 24.45 1.1M 700K 18.78
New.
SSYS 03/01 Cup hdl 27.47 -1.63 12.25 15.45 727K 110K 26.22
Current. Back to the 10 day MVA on some rising volume as SSYS struggles a bit more here. Needs to hold this area.
STX 05/24 Test BO 14.84 +0.89 13.95 16.75 3.5M 2.9M 12.92
Current. Super break higher on volume.
SYMC 05/28 Rv H&S 47.41 +0.69 48.12 55.35 8.3M 8.2M 44.75
New.
TLB 05/17 Put 28.01 +0.55 25.95 22.65 216K 375K 27.55
Current. Lower volume move to 200 day MVA. Needs to rollover here.
TSCO 04/24 Cup hdl 44.2 +0.78 43.75 52 204K 603K 42.85
Current. Up off the 18 day MVA.
TXN 05/10 Cup hdl 20.17 +0.89 20.48 24.55 18M 16M 18.94
New.
UCOMA 03/31 Cup hdl 4.55 -0.1 3.35 4.48 1.1M 875K 4.21
Current. Still working on the 10 day MVA.
UTHR 04/30 Cup hdl 19.96 -0.42 18.12 21.75 185K 226K 18.48
Current. Turned and gave back some of the move but on very low volume as it holds the breakout.
VIVO 05/07 BO 9.1 -0.6 9.66 11.38 235K 45K 9.15
Current. Getting very wild, testing below the 50 day MVA and then bounding back up. Needs to recover here.
VRTS 08/19 CCall 25.95 -0.13 19.76 20 8.9M 8.5M 23.25
Current.
VSTA 05/22 Test BO 22.76 -0.45 24.15 27.95 226K 156K 22.45
Current. Nice 18 day MVA test with a doji.
VSTA 04/28 Cup hdl 22.76 -0.45 19.98 23.85 226K 156K 22.45
Current.
WPI 05/05 Flat 36.96 -0.14 31.62 38 1.7M 1.9M 34.35
Current. Stalling out some after a strong move.
WWCA 05/22 BO 10.28 +0.38 9.68 13 720K 824K 9
XLNX 05/27 Test 50 29.37 -0.19 29.78 35 8.6M 16M 27.78
Buy Not issued.
ZMH 05/24 Put 45.55 -0.64 45.72 42.12 1.4M 2.4M 46.45
Buy Not Issued. Looks ready to tank.
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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online investment information
Breakout test
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