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stock recommendation, stock option
Begin part 2 of 2
THE PLAYS
NEW PLAYS:
Downside:
Play Date: 07/17/2003
BDX (Becton Dickinson--$37.38; -0.44; optionable): Medical instruments
http://biz.yahoo.com/p/b/bdx.html
STATUS: Put. BDX double topped in June and July, tried to hold the 50 day MVA (38.11) but then broke down through that level Wednesday and Thursday. Thursday the move picked up some steam as volume, though still below average, was rising. Looking for a quick move toward the 200 day MVA, but can make a nice gain without it falling that far.
Volume: 763.5K Avg Volume: 1.097M
BUY POINT: $37.25 Volume=900K Target=$34.25 Stop=$38.35
POSITION: BDX UH - Sept. $40p (-80 delta)
http://www.investmenthouse.com/ct/bdx.html
Upside:
Play Date: 07/17/2003
TSCM (The Street.Com--$5.4; -0.15; no options): Internet information provider
http://biz.yahoo.com/p/t/tscm.html
STATUS: Reverse head and shoulders. TSCM formed a nice 5 month base from December to April, breaking out and rallying to 5.50ish. That cup with handle base showed solid 8 to 4 accumulation. It is currently working through a 7 week base showing solid 3 to 0 accumulation. The stock has been under excellent accumulation all along. Money flow is excellent, moving up even now as the stock moves laterally over the 10 day MVA (5.17). Relative strength is ready for a breakout as well, and all we need to see is volume surge as it moves through the buy point. Announces earnings at 11ET, and we will see if that can deliver the breakout.
Volume: 73.311K Avg Volume: 186.181K
BUY POINT: $5.82 Volume=210K Target=$7.55 Stop=$5.38
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/tscm.html
CONTINUING PLAYS:
Upside:
Play Date: 06/28/2003
CAO (CSK Auto--$14.93; -0.02; optionable): Auto parts stores
http://biz.yahoo.com/p/c/cao.html
STATUS: Cup w/handle. CAO continues to look solid, pulling back to the 10 day MVA on the low (14.75) and bouncing some on some very strong volume. Excellent accumulation and money flow, and relative strength is ready to make a breakout. Very nice pullback in a very nice back. The volume spikes are 'get ready' spikes.
Volume: 545.4K Avg Volume: 283.681K
BUY POINT: New: 15.35 (orig. $14.82) Volume=400K Target=$17.85 Stop=$13.74
POSITION: CAO KV - Nov. $12.50c (75 delta) &/or Stock
http://www.investmenthouse.com/ct/cao.html
Play Date: 07/16/2003
MDP (Meredith Corp.--$46.2; -0.1; optionable): Newspaper publishing
http://biz.yahoo.com/p/m/mdp.html
STATUS: Cup w/handle. Another very tight doji, tapping the 10 day MVA on the low (45.87) and bouncing back. Volume was up and above average as it did rebound while still solidly in the handle to the 8.5 month base showing excellent 8 to 3 accumulation. Excellent money flow is leading the way and now we wait for a breakout.
Volume: 264.1K Avg Volume: 221.363K
BUY POINT: $47.12 Volume=340K Target=$56.55 Stop=$45
POSITION: MDP II - Sept. $45c (71 delta) &/or stock
http://www.investmenthouse.com/ct/mdp.html
Play Date: 07/14/2003
SCH (Charles Schwab--$11.21; -0.39; optionable): Brokerage services
http://biz.yahoo.com/p/s/sch.html
STATUS: Cup w/handle. Still in the handle of the 6 month base sporting solid 8 to 5 accumulation.and surging money flow. It has come back to test the 18 day MVA on the Thursday low (11.10) and rebounding slightly. Volume was lower and below average. A good last shakeout in the handle.
Volume: 3.666M Avg Volume: 5.138M
BUY POINT: $11.92 Volume=7.5M Target=$14.45 Stop=$11.05
POSITION: SCN IB - Sept. $10c (87 delta) &/or Stock
http://www.investmenthouse.com/ct/sch.html
WATCHLIST/ CONTINUING:
LEGEND
DATE: date play first appeared on report.
PLAY: Denotes the type of pattern or play.
Upside play types: A Wedge=Ascending triangle/wedge; BO=Breakout; Cup=Cup base; Cup hdl=Cup w/handle; DB hdl=Double bottom w/handle; Dbl btm=Double bottom; Flat=Flat base; FlyPlat=Flying Plateau; Pennant=Pennant; Rv H&S=Reverse head & shoulders; Saucer=Saucer base; Test 18=Testing 18 day MVA; Test 50=Testing 50 day MVA; Test BO=Testing the breakout (could be 10 day MVA test, etc.)
Downside play types: CCall=Covered Call; DWedge=Descending triangle/wedge; Dbl Top=Double top; H&S=Head & shoulders; Put (generic downside);
PIVOT=Buy point
Tgt=Target stock price for the play. Applies to stock and options.
Vol=Volume for the most recent session.
TgtV=Target volume to enter the play.
Stop=Stop advisory point. This is advisory and we may or may not exit a play if it hits this level depending upon market conditions.
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ADAT 06/28 Cup hdl 3.57 -0.14 3.95 5 32K 201K 3.67
Buy Not Hit.
ALN 07/07 Test BO 20.18 -0.33 18.55 22.35 1.9M 465K 17.25
Buy Not Issued.
APOL 05/27 Test 50 62.67 -1.5 55.07 62 1.9M 2.7M 62.45
Current.
BBBY 06/21 Put 37.6 -0.83 39.92 36.75 3.1M 4M 39.48
Current.
BDX 07/17 Put 37.38 -0.44 37.25 34.25 764K 900K 38.35
New.
CAO 06/28 Cup hdl 14.93 -0.02 14.82 17.85 545K 400K 13.74
Buy Not Issued.
CCMP 07/07 Cup hdl 56.68 -2.18 56.25 64.65 700K 1.3M 52.31
Buy Not Issued.
CGFW 06/11 Cup hdl 8.5 -0.2 7.75 9.35 145K 120K 8.44
Current.
CGNX 07/09 Test BO 24.82 -0.61 25.25 30 219K 465K 23.48
Buy Not Issued.
CHINA 06/21 Test BO 11.25 -1.84 7.95 9.55 17M 2.8M 11.78
Current.
CTV 07/12 Test BO 10.29 -0.61 11.08 13.88 282K 265K 10.38
Exited. Thru the 18 day MVA so we killed it.
DNY 06/21 FlyPlat 26.8 -0.1 26.25 30.25 354K 926K 25.22
Buy Not Issued.
DSCM 07/10 Test BO 5.35 -0.45 6.45 8.12 579K 425K 6
Buy Not Hit.
EPIC 05/08 FlyPlat 6.17 -0.35 3.15 4 572K 145K 5.88
Current.
EXLT 06/16 Flat 9.5 -0.48 9 11 371K 1.1M 8.94
Current.
FDRY 06/18 Test 18 15.96 -0.98 16.26 19.55 3.3M 5M 16.25
Exited. Volume was rising as it fell through the 18 day MVA.
Managed to hold some support at 16 but we did not like
the action.
FFIV 07/14 A Wedge 16.8 -0.85 18.96 23 513K 800K 17.55
Buy Not Hit.
FLSH 05/22 Test BO 12.71 -0.61 10.55 12.75 439K 195K 12
Current.
FLSH 05/12 Rv H&S 12.71 -0.61 9.2 10.96 439K 195K 12
Current.
FSII 07/12 Cup hdl 4.56 -0.2 4.9 6.25 97K 333K 4.45
Current.
GERN 06/16 Test BO 8.09 -0.45 7.55 9.95 738K 2.5M 7.85
Current.
GGNS 07/14 BO 3.32 -0.17 3.7 4.72 225K 250K 3.22
Current.
GLDN 07/12 Test BO 26.4 -2.15 28.05 33.75 275K 200K 26.09
Buy Not Issued.
GPRO 06/17 A Wedge 48.16 -1.41 41.75 48 1.2M 766K 45.25
Current.
GPRO 04/05 Dbl btm 48.16 -1.41 26.5 30.75 1.2M 521K 45.25
Current.
GSPN 06/26 Test 50 8.55 -0.23 8.85 10.75 4.6M 3.7M 8.65
Current.
GTW 06/30 Cup hdl 3.74 -0.25 4.06 5.35 1.6M 2.5M 3.78
Buy Not Issued.
HB 06/16 Put 50 -0.1 49.95 46.95 104K 175K 50.78
Current.
HIL 05/22 Test BO 14.67 -1.33 9.2 11.2 538K 250K 15.12
Current.
HIL 05/03 BO 14.67 -1.33 7.45 8.96 538K 250K 15.12
Current.
HPOL 07/08 Test BO 7.1 -0.14 7.22 8.95 223K 541K 6.68
Current.
HPOL 06/14 Test BO 7.1 -0.14 6.7 8.38 223K 541K 6.68
Current.
HPOL 06/04 Cup hdl 7.1 -0.14 5.85 6.95 223K 541K 6.68
Current.
HTCH 05/14 A Wedge 34.41 -1.25 29 33.35 439K 802K 33.95
Current.
ICST 05/29 A Wedge 30.99 -2.19 25.5 29.75 1.6M 2.5M 31
Exited. Broke the 18 day on rising volume.
IDT 07/12 Cup hdl 18.09 -0.17 18.26 21.95 306K 200K 17.25
Buy Not Hit.
IMAN 07/16 Cup hdl 5 -0.22 5.38 6.88 370K 244K 5
Buy Not Hit.
INET 07/08 Test BO 5.11 -0.48 5.44 6.55 1.2M 1M 5.03
Current.
INSP 07/16 Test BO 14.71 -1.18 16.45 19.75 243K 714K 15.25
Buy Not Hit.
INTU 06/26 Put 41.08 -1.5 43.95 39.35 3.8M 6M 44.55
Buy Not Issued.
ISSI 06/14 Cup hdl 6.61 -1.13 5.56 6.95 1.2M 592K 7.48
ITRI 07/09 Cup hdl 19.81 -2.96 23.4 27.65 1.7M 224K 21.95
Exited. Gapped below the 50 day MVA, tried to recover, but
then fell further.
JNPR 07/12 Test BO 13.9 -0.72 15.12 18.85 16M 22M 14.06
Buy Not Issued.
KEA 07/02 A Wedge 13.45 -0.59 14.08 16.94 491K 509K 13.09
Buy Not Issued.
LSCP 06/30 Flat 8.24 +0.03 8.35 10.12 90K 140K 7.74
Current.
MDP 07/16 Cup hdl 46.2 -0.1 47.12 56.55 264K 340K 45
Buy Not Hit.
MER 04/28 Cup hdl 52.1 -1.7 43.32 49.55 6.1M 7.5M 47.96
Current.
MOBE 04/24 Cup 5.69 -0.06 1.88 2.38 283K 110K 4.32
Current.
MTSN 07/10 BO 4.61 -0.14 4.33 5.75 85K 150K 3.96
Current.
NCN 05/21 Cup hdl 9.8 -0.19 8.65 10.48 260K 254K 9.78
Exited. It was having trouble at 10 so when it pushed thru
the 18 day we sold it even if volume was low.
NENG 05/05 Cup hdl 3.87 -0.29 2.08 3.44 405K 232K 4.05
Current.
NVLS 06/23 Cup hdl 36.5 -2.11 38.32 45.55 9.1M 12M 36
Current.
ORBK 07/15 Cup hdl 17 -0.05 17.65 21.22 58K 150K 16.41
Buy Not Hit.
PCVA 06/25 BO 7.67 -0.97 7.88 9.44 99K 195K 7.45
Buy Not Issued.
PDLI 06/19 Put 13.67 -0.62 14.75 12.04 2.1M 2.5M 14.75
Current.
PKI 03/04 Test BO 14 -0.4 9.16 13.55 672K 1M 13.75
Current.
PSEM 07/09 Test BO 10.13 -0.86 10.93 12.95 117K 161K 10.12
Current.
PWAV 07/15 Test BO 7.04 -0.46 8.12 9.75 1.3M 2.1M 7.45
Buy Not Hit.
QLGC 07/01 Test BO 46.54 -4.81 52.12 60 13M 8M 49.88
Buy Not Issued.
RINO 06/28 Put 11.55 -0.33 12.12 10 137K 375K 12.54
Current.
RKY 06/19 Put 48.6 +0.47 50.35 46.45 394K 668K 50.05
Current.
SCH 07/14 Cup hdl 11.21 -0.39 11.92 14.45 3.7M 7.5M 11.05
Buy Not Issued.
SEIC 07/04 Cup hdl 33.28 -1.72 34.3 39.25 851K 827K 33.85
Current.
SGMS 05/29 Test BO 9.27 -0.32 8.55 10.15 350K 571K 9
Current.
STG 07/09 Cup hdl 2.68 -0.32 2.94 3.65 680K 148K 2.73
Exited. Gapped lower and bounced up off the 50 day MVA but
could not break back thru resistance at 2.80 so exited.
SWIR 07/07 Test BO 7.9 -0.69 7.38 8.96 434K 355K 6.94
Current.
TSCM 07/17 Rv H&S 5.4 -0.15 5.82 7.55 73K 210K 5.38
New.
TSG 07/14 Cup hdl 24.93 -2.07 27.12 33 5.6M 1.5M 25.22
Buy Not Issued.
TSM 06/18 Test 18 9.92 -0.5 10.95 13 7.3M 9M 10.06
Buy Not Issued.
UTEK 06/28 Test BO 21.5 -0.89 22.05 26.45 457K 615K 20.75
Buy Not Issued.
VTSS 07/08 BO 5.52 -0.98 6.65 7.88 14M 8M 5.94
Exited. Broke thru the 18 day MVA on a sharp volume spike.
WDR 06/21 Test BO 26.33 -0.88 25.35 30.25 302K 578K 25.95
Current.
WFII 04/30 Cup 11.18 -0.84 7.55 9 540K 261K 11.65
Exited. Broke the 18 day MVA on rising volume so took the rest
of a nice gain.
WSH 07/12 Put 28.28 -0.35 28.65 26 1.1M 1.4M 29.85
Current.
XICO 07/02 A Wedge 7.74 -0.35 7.25 8.65 92K 172K 7.45
Current.
XING 07/02 Test BO 10.2 -1.3 11.2 13.55 1.3M 499K 11.94
Current.
XRIT 07/04 Cup 10.81 -0.25 11.09 13.45 27K 75K 10.56
Current.
YHOO 12/11 Test 50 30.61 -1.24 17.32 25 13M 20M 32.15
Current.
ZRAN 07/12 Cup hdl 24.16 -0.44 24.11 28.95 1.7M 1.6M 22.42
Buy Not Hit.
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.
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stock recommendation
stock option
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