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stock share, stock recommendation
Begin part 2 of 2
Continuing plays ready:
Downside:
Play Date: 07/17/2003
GRMN (Garmin Ltd.--$41.08; +0.58; optionable): Global positioning devices
http://biz.yahoo.com/p/g/grmn.html
STATUS: Put. GRMN is making the low volume bounce up to test the 18 day MVA, tapping that level on the Tuesday high (41.50). This comes after the failed test of the 50 day MVA, falling on strong volume last Thursday. This the test we said it may try, and now it is doing that just that and is ready to turn back down.
Volume: 249.887K Avg Volume: 774.727K
BUY POINT: $39.54 Volume=800K Target=$36.48 Stop=$40.72
POSITION: GQR TH - Aug. $40p (-51 delta)
http://www.investmenthouse.com/ci/grmn.html
Upside:
Play Date: 07/12/2003
FSII (FSI International--$4.65; +0.18; optionable): Chip equipment
http://biz.yahoo.com/p/f/fsii.html
STATUS: Cup w/handle. Up off the 18 day MVA, testing it again on the low (4.40) and jumping up on stronger though still below average volume. Looks as if the test is over. Strong money flow and accumulation as it works on completing the new handle to its 7 month base. Ready for a break higher.
Volume: 211.1K Avg Volume: 225.272K
BUY POINT: New: 5.05 (orig. $4.90) Volume=333K Target=$6.25 Stop=$4.45
POSITION: FQH IA - Sept. $5c (42 delta) &/or Stock
http://www.investmenthouse.com/ci/fsii.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: EXLT; FLSH; FSII; GRMN; SWIR; VVTV; WWCA; XICO
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ACS 07/19 Put 43.87 +0.87 42.4 39.48 1M 2M 45.05
Current. Still working down the short term MVA after breaking down in the triangle.
ADAT 06/28 Cup hdl 3.49 -0.15 3.95 5 50K 201K 3.67
Buy Not Hit.
ADRX 07/19 Put 19.21 -0.2 18.62 16 759K 1.8M 19.95
Buy Not Issued.
AEIS 07/22 Rv H&S 18.42 +1.68 19.36 24 863K 550K 17.96
New.
AMEV 06/07 Test BO 4.5 +0.14 4.75 6 71K 102K 4.44
Current. Tested the 50 day MVA and was up Tuesday. Looking a lot better.
ASPM 06/30 FlyPlat 8.18 0 8.33 10 49K 115K 7.72
Buy Not Issued.
ATSI 06/19 Cup hdl 4.21 -0.01 3.95 4.75 86K 225K 3.98
Current. Lateral move over the 10 day MVA. Needs a breakout over 4.50.
ATYT 06/23 Cup hdl 10.68 +0.06 9.7 11.88 2M 2.4M 9.74
Current. Lateral move over the 18 day MVA, consolidating.
BDY 07/16 Test BO 17.93 +0.18 19.06 22.88 77K 376K 17.73
Buy Not Hit.
BEBE 07/01 Test BO 21.78 +0.2 20.9 24.95 128K 321K 21.24
Current. Holding the 18 day MVA with a hammer doji.
BIO 07/19 Flat 61.15 -0.46 61.35 73 150K 288K 59.25
Buy Not Issued. Tried again but could not hold the breakout.
CBIZ 06/24 Cup hdl 3.36 -0.03 3.33 4.45 174K 212K 3.12
Buy Not Issued.
CCMP 07/07 Cup hdl 58.2 +1.64 58.25 66.65 736K 1.3M 55.55
Buy Not Issued.
CELL 07/21 Cup hdl 19.47 +1.72 19.25 23.25 1M 225K 17.82
Current. Big volume surge as CELL blasts higher on the breakout.
CGFW 06/11 Cup hdl 9.08 +0.19 7.75 9.35 105K 120K 8.44
Current. Still over the 10 day MVA, holding up well.
CHINA 06/21 Test BO 12.76 -0.26 7.95 9.55 18M 2.8M 11.78
Current. Back down to the 10 day MVA.
CHMD 06/10 FlyPlat 12.11 +0.66 10.54 12.55 106K 155K 10.75
Current. Nice move up off the 10 day MVA on rising volume.
CRAY 07/22 Test BO 9.36 +0.09 9.78 11.75 1.9M 1.4M 9.11
New.
CSC 07/22 Put 37.1 -0.73 36.96 34 3.4M 2M 38.25
New.
CSTL 07/09 Cup hdl 4.07 +0.11 4.2 5.2 43K 200K 3.94
Current. Up off the 18 day MVA but no volume.
DKS 03/18 DB hdl 37.95 +0.55 23.81 28.42 185K 225K 35.94
Current. Working laterally over the 18 day MVA on very low, below average volume.
DKS 02/19 DB hdl 37.95 +0.55 22.75 27.35 185K 225K 35.94
Current.
DSCM 07/10 Test BO 5.4 +0.15 6.36 8.12 219K 425K 5.91
Buy Not Hit.
DVA 05/17 Cup hdl 28.2 -0.13 25.11 30 532K 573K 26.98
Current. Still working higher along the 10 day MVA, testing the 18 day MVA on the low.
EXLT 06/16 Flat 9.78 +0.05 9 11 271K 1.1M 8.94
Current.
FCN 06/19 Put 26.1 +1.03 25.44 23 699K 1M 24.55
Current. Up over the 50 day MVA on below average volume but risign nonetheless.
FFIV 07/14 A Wedge 16.94 +0.52 18.96 23 329K 800K 17.55
Buy Not Hit.
FLS 07/21 Put 18.26 +1.16 17.25 14.45 1M 525K 18.45
Buy Not Issued. Surged back up to the 50 day MVA after the breach Monday.
Volume was lower but still above average. Will let
it make the test & see if it rolls back over.
FLSH 05/22 Test BO 12.86 +0.12 10.55 12.75 130K 195K 12.45
Current. Moving laterally over the 18 day MVA on low volume. The market is getting ready to move higher based on all of the stocks holding the 18 day.
FLSH 05/12 Rv H&S 12.86 +0.12 9.2 10.96 130K 195K 12.45
Current.
FSII 07/12 Cup hdl 4.65 +0.18 4.9 6.25 211K 333K 4.45
Current. Nice bounce up off the 18 day MVA on volume.
GERN 06/16 Test BO 8.16 +0.41 7.55 9.95 781K 2.5M 7.85
Current. Back over the 10 day MVA as it tries to hold the breakout and recover.
GGNS 07/14 BO 3.29 -0.12 3.7 4.72 130K 250K 3.22
Current. Still trying to get off of the 18 day MVA.
GPRO 06/17 A Wedge 52.49 +1.09 41.75 48 318K 766K 47
Current. Still trending higher over the 10 day MVA.
GPRO 04/05 Dbl btm 52.49 +1.09 26.5 30.75 318K 521K 47
Current.
GRMN 07/17 Put 41.08 +0.58 39.54 36.48 250K 800K 40.72
Buy Not Issued.
GSPN 06/26 Test 50 7.76 -1.2 8.85 10.75 9M 3.7M 8.65
Exited. Broke the 50 day MVA on a huge volume surge.
HPOL 07/08 Test BO 7.08 +0.2 7.22 8.95 142K 541K 6.68
Current. Gapped lower but rallied back. Still low volume.
HPOL 06/14 Test BO 7.08 +0.2 6.7 8.38 142K 541K 6.68
Current.
HPOL 06/04 Cup hdl 7.08 +0.2 5.85 6.95 142K 541K 6.68
Current.
IDT 07/12 Cup hdl 17.77 +0.15 18.35 21.95 81K 200K 17.88
Buy Not Issued.
INB 06/24 Cup hdl 9 +0.4 6.15 7.88 24K 80K 7.55
Current. Up off the 10 day MVA again but on low volume.
INET 07/08 Test BO 4.49 -0.72 5.44 6.55 2.4M 1M 5.03
Exited. Did not share the rally, breaking the 18 day MVA.
INTU 06/26 Put 40.81 +0.39 43.95 39.35 2.7M 6M 42
KFY 06/28 Cup hdl 9.22 +0.12 9.05 10.95 141K 130K 8.88
Current. Holding the 18 day MVA as volume starts to rise.
KLAC 07/19 Cup hdl 52.3 +2.64 52.25 60 15M 14M 49.85
Current. Delivered an excellent volume break higher.
KROL 07/05 Cup hdl 27.78 -0.27 27.98 33.55 361K 700K 27.25
Current. Big doji at the 18 day MVA on rising volume.
KROL 06/14 Test BO 27.78 -0.27 26.05 30.95 361K 716K 27.25
Current.
LM 05/06 Cup hdl 70.01 +0.16 58.5 67.78 562K 610K 67
Current. Nice tight move over the 18 day MVA. Volume is surging and it looks ready for more.
MDCC 07/21 Cup hdl 18.47 +0.99 18.35 22.35 237K 275K 17.07
Current. Moved in with a partial position as MDCC continued
the surge and will look at more when it comes back to test.
MDP 07/16 Cup hdl 46.72 +0.3 47.12 56.55 218K 340K 45
Buy Not Hit.
MER 04/28 Cup hdl 52.92 +1.05 43.32 49.55 5M 7.5M 49.94
Current. Still working in the uptrend over the 10 day MVA.
MERX 07/15 Cup hdl 9.61 +0.19 10.26 12.45 190K 248K 9.54
Buy Not Hit.
MKSI 07/21 Cup hdl 22.85 +2.02 22.25 27.95 506K 488K 20.96
Current. Excellent volume jump off the 18 day MVA as we anticpated.
MKSI 07/14 Cup hdl 22.85 +2.02 22.8 27.95 506K 488K 21.12
Current.
MRGE 07/19 Test BO 15.33 -0.52 16.35 19.65 64K 239K 14
MRGE 04/24 Rv H&S 15.33 -0.52 8.06 10.45 64K 65K 14.38
Current. Tested back tot eh 10 day MVA on lower volume.
MXO 07/22 Test BO 9.32 +0.5 9.78 11.85 2.7M 4.6M 9.11
New.
NWRE 07/12 Test BO 17.6 -0.26 18.48 22.25 431K 900K 17.19
Buy Not Issued.
ONNN 06/21 Test BO 3.34 +0.15 3 3.75 224K 900K 3
Current. Nice move back up.
ONXX 07/19 Test 18 15.92 +0.41 15.48 18.55 2.7M 495K 14.28
Current. Huge volume as ONXX continued the move higher.
OPSW 07/15 Test BO 5.47 +0.11 5.95 7.25 520K 850K 5.53
Buy Not Hit.
PHMD 07/17 Test BO 2.78 -0.09 2.9 3.75 93K 150K 2.68
Current. Still working up the 10 day MVA.
PIXR 07/05 Cup hdl 66.67 +0.78 62.8 71.75 244K 1.2M 65.94
Current. Tapped the 18 day MVA on the low and rebounded as volume keeps heading lower below average.
PKI 03/04 Test BO 14.27 +0.3 9.16 13.55 565K 1M 13.75
Current. Trying to make the next move but getting a bit volatile.
PPE 07/12 Test BO 8.8 +0.05 9.28 12 825K 1.6M 8.82
Buy Not Hit.
PWAV 07/15 Test BO 7.41 +0.4 8.12 9.75 1.5M 2.1M 7.45
Buy Not Hit. May finally be ready to make the move back up.
QDEL 07/02 A Wedge 6.73 +0.23 6.8 8.12 38K 125K 6.32
Current. Nice move over the short term MVA.
RCNC 07/09 Test BO 2.58 +0.01 2.58 3.05 248K 718K 2.42
Current. Still testing the move, holding the 18 day MVA on lower volume yet again.
RINO 06/28 Put 11.23 +0.32 12.12 10 114K 375K 12.05
Current. Still moving down the 10 day MVA in the downtrend.
RNR 07/01 A Wedge 47.8 -0.26 47.32 55 524K 500K 45
Buy Not Issued.
SCH 07/14 Cup hdl 11.3 +0.05 11.92 14.45 5.1M 7.5M 11.05
Buy Not Issued. A nice handle still developing.
SINA 06/26 Test 18 28.07 -0.62 17.71 21.25 11M 4M 25
Current. Tested the 18 day MVA on the low but again made the comeback.
SOHU 06/21 Test 50 39.85 -0.76 28.5 35 5.5M 2.5M 32.48
Current. Tapped the 18 day MVA on the low and rebounded on some strong volume.
SSTI 07/08 Cup hdl 5 +0.01 5.22 6.72 1.6M 1.4M 4.98
Current. Trying to clear 5 but struggling again even as volume surged.
STST 07/07 Test BO 17.94 +1.45 15.29 18.12 89K 103K 15.95
Current. Super move higher off the 10 day MVA.
SWIR 07/07 Test BO 8.2 +0.25 7.38 8.96 312K 355K 7.45
Current. Holding the 10 day MVA in a decent breakout test.
TMWD 06/11 Test BO 3 0 2.32 3.25 75K 140K 2.78
Current. Working laterally over the 10 day MVA.
TPTH 06/18 A Wedge 6.99 +0.18 7.4 8.95 86K 352K 6.98
Current. Holding the simple 50 day MVA on low volume.
TSCM 07/17 Rv H&S 5.2 +0.02 5.82 7.55 54K 210K 5.38
Buy Not Hit.
TSCO 06/03 Rv H&S 52.62 +1.61 46.85 55.25 275K 603K 48
Current. Surging on that split. Looks ready for the next breakout over 53.
TSCO 04/24 Cup hdl 52.62 +1.61 43.75 52 275K 603K 48
Current.
VRTS 08/19 CCall 27.62 +0.74 19.76 20 7M 8.5M 28
Current.
VSEA 07/12 Test BO 34.96 +1.87 34.5 40.95 1.3M 1.4M 32.08
Current. Nice move up off the 18 day MVA on a nice volume surge.
VVTV 07/19 Cup hdl 16 +0.36 16.38 19.75 171K 250K 15.23
Buy Not Hit.
WWCA 05/22 BO 14.08 +0.87 11.42 13.85 1.7M 824K 12.42
Current. Nice break higher and still a buy up over 14.12.
XICO 07/02 A Wedge 7.67 -0.02 7.25 8.65 88K 172K 7.45
Current. Very nice pullback to test the 18 day MVA with a doji on low volume. Ready for the next leg higher.
XING 07/02 Test BO 14.08 +0.87 11.2 13.55 1.7M 499K 11.94
Exited. Used a trailing stop to exit remaining positions as
XING did not participate in the rally.
XMSR 07/16 Cup hdl 12.66 +0.16 14.25 17.25 2.4M 11M 13.12
Buy Not Hit.
XRIT 07/04 Cup 10.42 +0.01 11.09 13.45 41K 75K 10.56
Exited. Issued a sell alert but we received it after hours
so we did not get out. Will look to do that Wednesday.
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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