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stock watch, stock recommendation
Begin part 2 of 2
Continuing plays that look good:
Play Date: 05/22/2003
WWCA (Western Wireless--$13.5; -0.22; optionable): Wireless communications
http://biz.yahoo.com/p/w/wwca.html
STATUS: Testing the breakout. WWCA jumped higher over a week back, breaking out of a month long flat base. Volume was excellent on the breakout, and it has moved laterally in the test on mostly lower, below average volume. Thursday volume spiked higher as the stock held its ground. Strong money flow, accumulation, and relative strength. Looking for a break higher for new positions.
Volume: 2.346M Avg Volume: 1.212M
BUY POINT: New: $14.12 (orig. $11.42) Volume=824K Target=New positions: $17 (orig. positions $13.85) Stop=$12.42
POSITION: WRQ HU - Aug. $7.50c (77 delta) &/or Stock
http://www.investmenthouse.com/ci/wwca.html
Play Date: 04/24/2003
MRGE (Merge Technologies--$15.03; 0; no options): PC data storage
http://biz.yahoo.com/p/m/mrge.html
STATUS: Testing the breakout. MRGE has been a leader and a great winner for us, and it is now setting up to make the next move. It tested the 50 day MVA (12) in June and blasted higher. It has made one test of the short term MVA since, and is now making the next. That gives it 2 to 3 more moves up the 10 and 18 day MVA before it tests back deeper. These make great entry points for leading stocks and we are looking to pick it up on a stronger move higher. The past two sessions MRGE has showed tight dojis over the 10 day MVA (14.60). The doji indicates it is ready to move back up.
Volume: 80.75K Avg Volume: 159.636K
BUY POINT: New: $15.55 (orig. $8.06) Volume=65K Target=New positions: $18.65 Stop=$13.95
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/mrge.html
CONTINUING PLAY LIST:
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.
Still look good: BDY; MDP
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.
AGIL 06/26 Test 50 9.16 -1.16 10.15 12.25 1.5M 506K 9.55
Exited.
ALT 07/09 Cup hdl 1.72 -5.18 5.88 7.12 12M 375K 5.47
Exited. Glad we took some gain Wednesday. Should have taken
it all as it was destroyed on news of the failure of
its hypertension drug to reach its goal.
AMEV 06/07 Test BO 4.39 -0.19 4.75 6 66K 102K 4.44
Current. Closed just below the 18 day MVA, but was coming back late so we decided to see if it could hold this level.
APOL 05/27 Test 50 62.67 -1.5 55.07 62 1.9M 2.7M 62.45
Current. Held some support at 62.50 so we let it ride another session.
ASPM 06/30 FlyPlat 7.8 -0.32 8.08 9.96 103K 115K 7.48
Buy Not Issued.
ATSI 06/19 Cup hdl 4.21 -0.09 3.95 4.75 37K 225K 3.72
Current. Still working laterally over the 10 day MVA. Very good action considering the market.
ATYT 06/23 Cup hdl 10.13 -0.64 9.7 11.88 1.6M 2.4M 9.74
Current. Testing the 18 day MVA on lower volume. Needs to bounce from here.
BBBY 06/21 Put 37.6 -0.83 39.92 36.75 3.1M 4M 39.48
Current. Still working down on some rising volume.
BCGI 07/10 Test BO 12.7 -8.45 20.7 25.35 13M 1.4M 19.25
Exited. Good earnings but questions about an ongoing contract
gapped it down hard below the 200 day MVA and it could
never recover.
BDY 07/16 Test BO 17.77 -0.3 19.06 22.88 218K 376K 17.73
Buy Not Hit. Still looks good.
BEBE 07/01 Test BO 21.82 -1.02 20.9 24.95 120K 321K 20.95
Current. Lower volume pullback to the 10 day MVA.
BHE 07/09 Cup hdl 33.09 -1.36 35.95 42.55 310K 500K 33.94
Exited. Moved below the 18 day MVA on some rising volume. Still
decent pullback but taking no chances.
BLL 06/21 Put 45 -0.3 46 42 996K 650K 45.12
Current. Big doji at the 18 day MVA.
BRCM 06/18 Test 18 25.38 -1.96 27.25 32.55 14M 18M 26.95
Exited. Broke the 18 day on rising volume.
CBIZ 06/24 Cup hdl 3.41 -0.24 3.33 4.45 187K 212K 3.12
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. Held the 18 day MVA on the low, showing a big hammer doji.
CHINA 06/21 Test BO 11.25 -1.84 7.95 9.55 17M 2.8M 11.78
Current. Gapped down above the 18 day MVA. With the gap there was not much we could do so we let it ride to see if this stock could rebound.
CHMD 06/10 FlyPlat 11.51 -0.1 10.54 12.55 80K 155K 10.35
Current. Working laterally over the 10 day MVA, holding up well after the breakout.
CHTT 07/04 Cup hdl 17.43 -0.55 19.95 23.94 153K 220K 18.55
Buy Not Hit.
CSTL 07/09 Cup hdl 3.77 -0.73 4.2 5.2 143K 200K 3.94
Current. Did not do it, turning back over and thru the 10 day MVA.
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.
DKS 03/18 DB hdl 36.72 -0.98 23.81 28.42 227K 225K 35.94
Current. Holding the 18 day MVA on continued below average volume.
DKS 02/19 DB hdl 36.72 -0.98 22.75 27.35 227K 225K 35.94
Current.
DRIV 07/10 Test BO 20.85 -1.63 24.55 29.45 1.8M 1.8M 22.83
Buy Not Hit.
DSCM 07/10 Test BO 5.35 -0.45 6.45 8.12 579K 425K 6
Buy Not Hit.
DVA 05/17 Cup hdl 27.8 -0.55 25.11 30 530K 573K 26.75
Current. Came back some Thursday on lower volume after the strong Wednesday move.
EXLT 06/16 Flat 9.5 -0.48 9 11 371K 1.1M 8.94
Current. Holding the 10 day MVA on the close.
FCN 06/19 Put 24.65 -0.65 25.44 23 409K 1M 24.55
Current. Rolled back down to the 18 day MVA on the close. Getting interesting and we will see if it can fall further from here.
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. Holding the 18 day MVA on a big rise in volume.
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. Holding the 10 day MVA on very low, below average volume.
GERN 06/16 Test BO 8.09 -0.45 7.55 9.95 738K 2.5M 7.85
Current. Hammer doji on the 18 day MVA on low volume. Nice test.
GGNS 07/14 BO 3.32 -0.17 3.7 4.72 225K 250K 3.22
Current. Tapped the 18 day MVA on the low and rebounded.
GPRO 06/17 A Wedge 48.16 -1.41 41.75 48 1.2M 766K 45.25
Current. Tapped the 18 day MVA on the low and rebounded on some huge volume.
GPRO 04/05 Dbl btm 48.16 -1.41 26.5 30.75 1.2M 521K 45.25
Current.
GRMN 07/17 Put 39.75 -2.1 39.54 36.48 906K 800K 40.72
New.
GSPN 06/26 Test 50 8.55 -0.23 8.85 10.75 4.6M 3.7M 8.65
Current. Holding the 50 day MVA on the low and rebounding so we let it run.
HPOL 07/08 Test BO 7.1 -0.14 7.22 8.95 223K 541K 6.68
Current. Looks ready for more.
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. Holding the 18 day MVA on below average 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.
INB 06/24 Cup hdl 8.2 -0.89 6.15 7.88 67K 80K 7.38
Current. Down to the 10 day MVA, giving back the solid move from early in the week.
INET 07/08 Test BO 5.11 -0.48 5.44 6.55 1.2M 1M 5.03
Current. Down to the 10 day MVA and over support at 5.
INTU 06/26 Put 41.08 -1.5 43.95 39.35 3.8M 6M 44.55
Buy Not Issued.
KEM 07/08 Cup hdl 10.68 -0.82 11.65 14 452K 620K 10.83
Exited. Breaking thru the 18 day so canned it.
KFY 06/28 Cup hdl 9.05 -0.72 9.05 10.95 180K 130K 8.65
Current. Turned sharply lower though on lower volume. Needs to hold here.
KROL 07/05 Cup hdl 27.49 -0.71 27.98 33.55 223K 700K 27.25
Current. Holding the 18 day MVA on continued below average volume.
KROL 06/14 Test BO 27.49 -0.71 26.05 30.95 223K 716K 26.15
Current.
KRON 06/28 A Wedge 53.09 -1.83 51.5 60.25 158K 300K 54.75
Current. Holding some support at 52.50. Needs to bounce here.
LM 05/06 Cup hdl 69 -1.32 58.5 67.78 522K 610K 66
Current. Tested the 18 day MVA on the low and rallied to close at the 10 day.
LWSN 06/14 Cup hdl 7.03 -0.59 6.75 8.38 510K 515K 7.12
Exited. Broke thru the 18 day MVA so we closed it out with
a trailing stop.
MDP 07/16 Cup hdl 46.2 -0.1 47.12 56.55 264K 340K 45
Buy Not Hit. Looks nice.
MER 04/28 Cup hdl 52.1 -1.7 43.32 49.55 6.1M 7.5M 47.96
Current. Down to 52 where there is some support.
MERX 07/15 Cup hdl 9.54 -0.61 10.26 12.45 86K 248K 9.54
Buy Not Hit. Still looks ready.
MKSI 07/14 Cup hdl 21.14 -1.51 22.8 27.95 501K 488K 21.12
Current. Gapped lower and closed at the 10 day MVA. Needs to reassert itself here.
MME 04/30 BO 53.87 -0.13 45.65 54.45 734K 634K 56
Current. Gapped down Wednesday and held steady Thursday. If it does not move over 55 Friday we will close it.
MRGE 04/24 Rv H&S 15.03 0 8.06 10.45 81K 65K 13.95
Current. Very nice test of the 10 day MVA.
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. Still holding the 18 day MVA.
NWRE 07/12 Test BO 17.46 +0.51 18.48 22.25 547K 900K 17.19
Buy Not Issued.
OIIM 06/17 BO 16.55 -1.39 16.38 19.94 315K 400K 16.96
Current. Broke the 18 day MVA so we closed it down.
ONNN 06/21 Test BO 3.45 -0.03 3 3.75 651K 900K 2.78
Current. Still working up the 10 day MVA.
OPSW 07/15 Test BO 5.04 -0.41 5.95 7.25 394K 850K 5.53
Buy Not Hit.
PGNX 07/04 Flat 15.67 -0.7 16.3 19.55 47K 112K 15.85
Exited. Not a heavy drop, but broke down from the nice consolidation.
We will watch it to see if it is a shakeout.
PHMD 07/17 Test BO 2.64 -0.06 2.74 3.45 41K 150K 2.54
New.
PIXR 07/05 Cup hdl 65.56 -1.05 62.8 71.75 470K 1.2M 65.94
Current. Nice 10 day MVA test on low volume.
PKI 03/04 Test BO 14 -0.4 9.16 13.55 672K 1M 13.75
Current. Rallied back to hold the 18 day MVA.
PMTI 07/10 Cup hdl 5.09 -0.75 6.2 7.75 127K 198K 5.48
Exited. Started to fall out of the nice handle on rising volume
so we closed it down.
POSS 06/28 Put 16.15 -0.09 13.4 11.75 286K 235K 14.75
Current. Holding at the 50 day MVA still.
PPE 07/12 Test BO 8.65 -0.06 9.28 12 1.4M 1.6M 8.82
Buy Not Hit.
PRXL 06/12 DB hdl 14.56 -1.31 14.85 17.85 173K 167K 14.75
Exited. Higher volume dump thru the 18 day so shut it down.
PWAV 07/15 Test BO 7.04 -0.46 8.12 9.75 1.3M 2.1M 7.45
Buy Not Hit.
QDEL 07/02 A Wedge 6.57 -0.11 6.8 8.12 92K 125K 6.32
Current. Testing the 18 day MVA and holding the breakout.
QLGC 07/01 Test BO 46.54 -4.81 52.12 60 13M 8M 49.88
Buy Not Issued. Hammered on earnings. Dropping for now.
RCNC 07/09 Test BO 2.69 -0.39 2.58 3.05 538K 718K 2.42
Current. Nice hammer doji at the 10 day MVA. Nice.
RINO 06/28 Put 11.55 -0.33 12.12 10 137K 375K 12.54
Current. Still working down the 10 day MVA.
RNR 07/01 A Wedge 47.5 -0.68 47.32 55 269K 500K 45
Buy Not Issued.
SCH 07/14 Cup hdl 11.21 -0.39 11.92 14.45 3.7M 7.5M 11.05
Buy Not Issued.
SGMS 05/29 Test BO 9.27 -0.32 8.55 10.15 350K 571K 9
Current. Holding the 18 day MVA on a nice pullback.
SIGM 06/26 Test 50 11.26 -1.01 10.94 12.98 327K 550K 11.25
Current. Trying to hold the 18 day MVA on continued below average volume.
SINA 06/26 Test 18 24.5 -3.7 17.71 21.25 10M 4M 25
Current. Gapped down and sold to the 18 day MVA. Since it gapped lower we decided to let it ride and see if it can bounce from here.
SOHU 06/21 Test 50 37.1 -3.07 28.5 35 4.9M 2.5M 32.48
Current. Gapped down and rebounded some from the 18 day MVA.
SSTI 07/08 Cup hdl 4.63 -0.67 5.22 6.72 1.9M 1.4M 4.98
Current. Bounced off some support at 4.50 so we decided to see if it could rebound.
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.
STST 07/07 Test BO 16.52 -1.48 15.29 18.12 88K 103K 15.95
Current. Down to the 10 day MVA on low, below average volume.
STX 05/24 Test BO 21.02 -0.54 13.95 16.75 3.2M 2.9M 18.65
Current. Still working up the 10 day MVA.
SWIR 07/07 Test BO 7.9 -0.69 7.38 8.96 434K 355K 6.94
Current. Gapped lower but a decent rebound to hold the 10 day MVA.
TMWD 06/11 Test BO 2.92 -0.06 2.32 3.25 98K 140K 2.78
Current. Gapped lower but managed to recover to close above the 10 day MVA.
TPTH 06/18 A Wedge 6.86 -0.34 7.4 8.95 149K 352K 6.98
Current. Tapped the simple 50 day MVA and managed to rally back so we let it run.
TSCM 07/17 Rv H&S 5.4 -0.15 5.82 7.55 73K 210K 5.38
New.
TSCO 06/03 Rv H&S 49.67 -0.49 46.85 55.25 561K 603K 48
Current. Showing a doji on rising volume at the 18 day MVA. May be ready to move back up.
TSCO 04/24 Cup hdl 49.67 -0.49 43.75 52 561K 603K 48
Current.
TSM 06/18 Test 18 9.92 -0.5 10.95 13 7.3M 9M 10.06
Buy Not Issued.
VRTS 08/19 CCall 27.65 -1.3 19.76 20 7.8M 8.5M 28
Current. Gapped lower and closed at the 50 day MVA. As it gapped we decided to see if it could hold.
VSEA 07/12 Test BO 33.7 -1.82 34.5 40.95 789K 1.4M 32.08
Current. Holding the 10 day MVA on lower volume.
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.
WEDC 06/30 Cup hdl 11.5 +0.2 10.98 13.22 451K 200K 11.25
Exited.
WWCA 05/22 BO 13.5 -0.22 11.42 13.85 2.3M 824K 12.42
Current. Looks ready for more.
XICO 07/02 A Wedge 7.74 -0.35 7.25 8.65 92K 172K 7.45
Current. Holding the 10 day MVA on low, below average volume.
XING 07/02 Test BO 10.2 -1.3 11.2 13.55 1.3M 499K 11.94
Current. Gapped lower. As it held support at 10 and bounced we let it run to see if it will bounce.
XMSR 07/16 Cup hdl 12.39 -0.71 14.25 17.25 4.1M 11M 13.12
Buy Not Hit.
XRIT 07/04 Cup 10.81 -0.25 11.09 13.45 27K 75K 10.56
Current. Looking good, holding the 18 day MVA on low, below average 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.
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