|
|
stock recommendation, stock market recommendation
Begin part 2 of 2
Continuing plays that look good:
Play Date: 05/24/2003
BGEN (Biogen--$42.65; +0.23; optionable): Biotechnology
http://biz.yahoo.com/p/b/bgen.html
STATUS: Testing the breakout. BGEN is still testing the breakout from that reverse head and shoulders. Friday it tapped at the 10 day MVA and was moving up Monday on rising, above average volume, but it stalled out just below 44 (43.88 on the high) and fell back. 44 is proving to be some resistance, so that is the point we are now looking at to add some more positions. Good pattern and action and it looks like just a matter of time before it makes the move.
Volume: 5.299M Avg Volume: 3.838M
BUY POINT: New: 43.05 (orig. $42.35) Volume=4.5M Target=$49.55 Stop=$39.39
POSITION: BGQ JU - Oct. $37.50c (69 delta) &/or Stock
http://www.investmenthouse.com/ci/bgen.html
Play Date: 04/24/2003
TSCO (Tractor Supply--$46; +0.7; optionable): Ranch supplies for all of your outdoor chores
http://biz.yahoo.com/p/t/tsco.html
STATUS: Reversed head and shoulders. TSCO is on the verge of its next breakout, having formed another reverse head and shoulders pattern (that is how we got back in in April). Monday TSCO was on the way to a breakout (high at 47.72) but it fell back with the market, managing a smaller though respectable gain on rising, above average volume. Looking for another breakout here that holds to the close.
Volume: 577.586K Avg Volume: 386.136K
BUY POINT: New: $46.28 (orig. $43.75) Volume=603K Target=$52 Stop=$42.85
POSITION: QTF JI - Oct. $45c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/tsco.html
SEMINARS ON CD
http://www.stockseminarsonline.com
This is Jon Johnson's own site devoted exclusively to seminars designed to teach you what you need to know about the stock market and stock movement and how to take advantage of those moves without incurring the usual high costs of travel and related expenses usually associated with seminars.
CONTINUING PLAY LIST:
Still look ready: SRNA; UCOMA; NSCN; AOS
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ABTL 05/21 Test BO 5.87 +0.17 5.25 6.94 898K 371K 4.88
Current. Rallying again on strong volume.
ADIC 05/13 DB hdl 10.43 -0.1 9.64 11.65 685K 521K 9.78
Current. Testing the move with a lateral pullback on mostly lower volume. May take a few more days.
ADPT 05/19 Test 18 8.07 +0.07 7.88 9.48 1.4M 825K 7.33
Current. Gapped higher and ran but gave it back just like the market. Still in the uptrend though.
ADVP 05/20 Cup hdl 32.97 -0.13 32.85 39.22 973K 2M 31.92
Current. Gapped higher and then whoosh, right back down.
AETH 05/14 Cup hdl 5.08 +0.27 4.45 5.45 557K 244K 4.35
Current. Nice move on some solid volume up off the 10 day MVA.
AGEN 05/13 Cup hdl 13.37 +1.1 10.95 13.22 2M 417K 10.97
Current. Gapped higher on huge volume though could not hold all of the gain.
ALT 05/07 Cup hdl 4.84 -0.07 4.4 5.45 93K 188K 4.54
Current. Nice 10 day MVA test on lower, below average volume.
AMCC 05/31 Cup hdl 5.21 +0.18 5.45 7.15 9.7M 4.5M 4.92
Current. Powered higher and then slid right back down.
AMT 04/30 Test 50 9.25 +0.29 6.84 8.35 1.4M 2.1M 8.04
Current.
AOS 05/17 Test BO 31.48 -0.3 32.06 37.65 50K 136K 30.88
Buy Not Issued.
APOL 05/27 Test 50 58 +0.16 55.07 62 2.6M 2.7M 54.35
Current. Gapped higher and then closed flat. Still at that all-time high.
BCR 05/10 A Wedge 70.86 +0.71 64.4 73.75 515K 477K 66.25
Current. Gapped higher and held the gap but that is all.
BGEN 05/24 Rv H&S 42.65 +0.23 42.35 49.55 5.3M 4.5M 39.39
Current.
BLTI 02/10 Test BO 14.78 +0.5 7.2 13.45 887K 300K 11.78
Current. Galloped ahead but gave most of it back as volume shot higher.
BRCM 05/03 Cup hdl 24.03 -0.48 19.2 22.94 17M 15M 21.15
Current. Sold back on some rising volume. Still in good shape.
CELG 05/14 A Wedge 31.28 -0.2 30.98 37.12 2.8M 1.8M 29.88
Current. Holding the 10 day MVA, trying to make a stand there.
CHIR 05/31 Test BO 44.16 +0.06 45.33 54 2.6M 2M 42.65
Current. Shot higher on volume but gave the move back to close flat.
CMVT 05/24 Test BO 15.48 +0.21 13.75 16.55 5.5M 4.4M 13.42
Current. Doji on another move higher. May need a rest here.
CNQR 04/22 Test 18 6.64 -0.21 6.75 8.12 226K 250K 6.22
Current. Tried to start up but sold back to the 10 day on the close.
CTXS 03/29 Cup hdl 21.76 -0.03 14.12 17.25 3.7M 5.3M 19.98
Current. Held basically steady.
CZN 04/24 Cup hdl 12.55 +0.23 11.34 13.57 2M 156K 11.78
Current.
DANKY 06/02 Cup hdl 4.68 +0.08 4.95 6.25 1.2M 1M 4.59
New.
DKS 03/18 DB hdl 28.5 -0.49 23.81 28.42 773K 225K 28.35
Current. Tapped the 50 day MVA on the low and rebounded on some strong volume. Needs to continue the move back up.
DKS 02/19 DB hdl 28.5 -0.49 22.75 27.35 773K 225K 28.35
Current.
DRIV 05/08 Test BO 19.69 +0.03 17.62 20.95 1.3M 1.4M 17.96
Current.
DVA 05/17 Cup hdl 24.9 +0.65 24.65 29.55 1M 573K 23.45
Buy Not Issued. Gapped higher and then sold back. Seeing if we get
a bit more of a test back and then move in.
FDRY 04/29 Cup hdl 15.1 -0.19 10.9 13.15 4.5M 4.4M 13.75
Current. Turned back on some stronger volume, but still easily in the uptrend.
FDX 03/24 Cup hdl 64.61 +0.63 57.85 66 2.5M 2.2M 61.45
Current. Strong upside volume as FDX continues its move.
FFIV 05/21 Test 18 16.02 -1.3 15.62 18.55 764K 750K 16
Exited. High volume move to the 18 day MVA.
FFIV 04/23 A Wedge 16.02 -1.3 15.34 18.32 764K 750K 15.23
Exited.
FLSH 05/22 Test BO 11.05 -0.15 10.55 12.75 290K 195K 10.15
Current. Moving laterally over 11. Good action.
FLSH 05/12 Rv H&S 11.05 -0.15 9.2 10.96 290K 195K 10.15
Current.
GNTA 05/29 Test BO 11.48 -0.14 11.62 14 2.7M 904K 10.74
Current. Gapped higher, ran, then gave it all back. Still holding the breakout but not what we like to see.
GPRO 04/05 Dbl btm 37.9 -0.86 26.5 30.75 670K 521K 35.35
Current. Managed to hold the 10 day MVA but volume was edging higher.
HTCH 05/14 A Wedge 30.05 -0.14 29 33.35 681K 802K 27.92
Current. Doji at 31 after a strong move.
IDBE 04/16 Rv H&S 10.61 -0.02 8.17 11 222K 376K 9.68
Current. Still working up the 10 day MVA on continued below average volume.
IDC 05/29 BO 16.34 +0.18 16.38 19.65 186K 122K 15.23
Buy Not Issued.
INSP 05/31 Test BO 14.4 -0.2 14.96 18 443K 500K 13.91
Buy Not Hit.
JCOM 05/27 Cup hdl 35.4 -1.54 38.12 45.55 709K 1M 34.94
Current. Gapped higher but gave it back. Still in the pattern.
JNPR 05/22 Flat 13.99 +0.18 12.9 15.55 22M 17M 12.72
Current. Was ready to roll but the market cut it short.
JNPR 04/15 Flat 13.99 +0.18 10.6 13.42 22M 17M 12.72
Current.
KOSP 05/13 Test BO 20.97 -3.39 23.25 27.48 2.1M 400K 21.88
Buy Not Issued. Downgraded and got slammed down to the 50 day MVA.
LGTO 05/22 A Wedge 7.24 -0.36 7.06 8.75 2.5M 2M 6.75
Current. Gapped higher then gave it back though volume backed off.
LM 05/06 Cup hdl 65.3 +0.69 58.5 67.78 1.1M 610K 59.65
Current. Another move higher on volume but getting a bit tired on this strong move.
LXK 05/20 Test 50 73.6 -0.8 71.4 79.55 2.1M 1.8M 71.45
Current. Gave back some of the move but on lower volume.
MAT 05/20 Put 21.48 -0.03 21.3 19.45 2.7M 2.5M 21.95
Current. Tapped the 50 day on the high and fell back. Needs to fail here.
MDCO 05/10 Test 18 23.31 +0.01 21.25 25.48 474K 825K 21.65
Current. Tried the next big move but gave it back.
MED 05/22 Test BO 12.69 +0.29 10.62 12.78 228K 145K 10.85
Current. Held steady after the strong move higher.
MED 04/28 Cup hdl 12.69 +0.29 8.7 10.42 228K 145K 10.85
Current.
MER 04/28 Cup hdl 44.3 +1 43.32 49.55 7.6M 7.5M 41.68
Current. Strong volume move higher.
MME 04/30 BO 47.06 -0.84 45.65 54.45 905K 634K 45.88
Current. Still working laterally. May be in the shakeout.
MRGE 04/24 Rv H&S 9.6 -0.53 8.06 10.45 224K 65K 9.88
Current. Getting itself into trouble. Managed to hold the 18 day on the close but needs to bounce.
MUSE 05/03 Test 18 8.9 -0.6 7.75 9.35 3.5M 2M 8.24
Current. Sold to the 10 day MVA on strong volume.
NCN 05/21 Cup hdl 8.71 +0.31 8.65 10.48 706K 254K 8.12
Current. Super gap higher on volume.
NENG 05/05 Cup hdl 2.58 -0.01 2.08 3.44 228K 232K 2.29
Current. Still a nice, low volume pullback toward the 10 day MVA.
NSCN 04/23 Cup hdl 22.81 +0.45 21.17 25.42 3M 2.5M 21.45
Current. Looks ready as volume surges and NSCN strains at the breakout.
NSM 04/18 Cup hdl 23.53 -1.43 19.55 24.88 3.9M 3.8M 22.75
Current. Gapped higher but gave it all back and more as the chips suffered.
NTES 04/01 Cup 29.8 -2.5 17 27 1.9M 1M 29
Current. Current. Thudded to the 10 day MVA on rising, above average volume.
NVDA 05/08 Test BO 24.72 -1.45 22.62 27 13M 11M 23.15
Current. Gapped higher then fell, giving back the Friday move. Lower volume, but more points than we wanted to give back.
NVLS 05/06 Flat 34.09 -0.58 30.28 36 13M 11M 31.94
Current. Gave back some of the stellar move from the past week.
OVTI 02/24 Cup hdl 33.36 -2.53 19.05 31 2.7M 1.2M 31.05
Current. Tapped the 10 day MVA on the low as volume shot higher. Needs to hold up here.
PKI 03/04 Test BO 12.82 +0.03 9.16 13.55 603K 1M 11.75
Current. Volume continued to trail off as PKI tests 13.
PWN 05/07 BO 12.23 +0.21 11.66 13.94 101K 117K 11.55
Current. Volume came back in as PWN started back up.
QLGC 05/17 Test BO 48.83 -1.28 46.78 54 5.9M 8M 46.25
QLGC 03/15 Test BO 48.83 -1.28 38.85 45 5.9M 11M 46.25
Current.
QLGC 11/07 Test BO 48.83 -1.28 41.4 50 5.9M 25M 46.25
QLGC 08/17 CCall 48.83 -1.28 36.48 0 5.9M 12M 46.25
Current.
RGEN 04/07 Test 18 6.26 -0.16 4.84 7.1 314K 132K 5.96
Current. Stumbling some here. Tapped 18 day MVA on the low and recovered, but needs to hold the line here.
RHAT 05/27 Test 18 7.2 -0.25 7.45 8.94 1.3M 1.4M 6.93
Buy Not Issued.
RMBS 04/09 A Wedge 17.51 -0.39 17.55 21.45 1.9M 6.8M 15.94
Current. Still holding the gap higher. Waiting for the 10 day MVA to come up and send it higher again.
RMD 05/03 Test BO 39.97 +0.17 37.75 43.75 226K 322K 38
SCSS 04/26 Cup hdl 16 -0.05 12.22 16 712K 696K 14.75
Current. Still working in the uptrend over the 10 day MVA.
SEPR 04/12 Test BO 22.57 -0.24 17.1 21 1.9M 1.8M 20.94
Current. Still moving laterally over the 10 day MVA, testing it on the low ad rebounding some.
SGMS 05/29 Test BO 7.4 -0.31 8.08 9.95 272K 571K 7.51
Buy Not Hit.
SHRP 05/23 Cup hdl 23.46 +0.71 22.06 26.55 221K 350K 20.52
Buy Not Issued.
SIGM 05/06 Cup hdl 10.89 +0.45 7.58 9.55 667K 125K 9
SINA 05/22 Cup hdl 15.02 -1.14 14.75 17.75 4.6M 2.5M 13.96
Current. Gapped higher but then turned over and sold to the 10 day MVA on higher, above average volume.
SINA 04/12 Cup hdl 15.02 -1.14 9.35 13.45 4.6M 2.5M 13.96
Current.
SNUS 06/02 FlyPlat 4 -0.05 4.28 5.95 162K 130K 3.98
New.
SRNA 05/28 Rv H&S 20 +0.22 20.35 24.45 866K 700K 18.78
Buy Not Hit. Looks ready still.
STX 05/24 Test BO 15.54 +0.39 13.95 16.75 1.7M 2.9M 13.55
Current. Another move higher though on low volume.
TSCO 04/24 Cup hdl 46 +0.7 43.75 52 578K 603K 42.85
Current.
TXN 05/28 Cup hdl 20.1 -0.4 20.85 24.75 14M 16M 19.39
Current. Gapped higher but fell back to some support at 20 on rising, above average volume.
UCOMA 03/31 Cup hdl 4.68 +0.07 3.35 4.48 946K 875K 4.35
Current. Tried to start up from the 10 day MVA test as volume rose.
UTHR 04/30 Cup hdl 20.46 +0.46 18.12 21.75 318K 226K 19
Current. Nice volume as UTHR started the move back up.
VRTS 08/19 CCall 27.43 -0.29 19.76 20 14M 8.5M 24.92
Current. Rallied sharply but then gave it all back on stronger volume. Looks ready to test back further.
WPI 05/05 Flat 37.01 -0.01 31.62 38 1.4M 1.9M 35.25
Current. Still struggling to get over 37.
WWCA 05/22 BO 11.1 +0.4 9.68 13 985K 824K 9.45
XING 06/02 Test BO 5.32 +0.27 5.44 7.95 503K 230K 5.06
New.
XLNX 05/27 Test 50 28.94 -0.96 30.22 35.55 9.9M 16M 28.12
Current. Thudded down to the 10 day MVA.
ZMH 05/24 Put 43.34 -1.52 44.95 42 3.9M 2.4M 46.25
Current. Tanking on rising volume.
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.
|
stock recommendation
stock market recommendation
|
