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us stock market, stock recommendation
Begin part 2 of 2
Continuing plays ready:
Play Date: 07/07/2003
CCMP (Cabot Microelectronics--$57.88; -0.32; optionable): Chemical slurries for semiconductor manufacturing
http://biz.yahoo.com/p/c/ccmp.html
STATUS: Cup w/handle. CCMP has formed a handle the past two weeks, rallying to 60 and then fading back to test the 18 day MVA (56) on lower volume. This has formed the handle, the last shakeout of the remaining weak holders right at the prior high. Excellent money flow and super accumulation. Looking for a strong volume breakout to enter.
Volume: 596.521K Avg Volume: 877.772K
BUY POINT: Aggressive: $58.25; Breakout: $60.25 Volume=1.3M Target=$70 Stop=$55.55
POSITION: UKR JK - Oct. $55c (57 delta) &/or Stock
http://www.investmenthouse.com/cI/ccmp.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; IDT; VVTV; AEIS; MERX; BIO; DSCM
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ACS 07/19 Put 44.2 +0.33 42.4 39.48 774K 2M 45.05
Current. Low volume test of the breakdown.
ADAT 06/28 Cup hdl 3.5 +0.01 3.95 5 59K 201K 3.67
Buy Not Hit.
ADRX 07/19 Put 19.22 +0.01 18.62 16 755K 1.8M 19.95
Buy Not Issued.
AEIS 07/22 Rv H&S 19.24 +0.82 19.36 24 528K 550K 17.96
Buy Not Hit. Heading to the breakout.
AMEV 06/07 Test BO 4.6 +0.1 4.75 6 72K 102K 4.44
Current. Up off the 50 day MVA, but needs more volume.
ASPM 06/30 FlyPlat 8.24 +0.05 8.33 10 22K 115K 7.72
Buy Not Issued. Tried the break again but no volume.
ATSI 06/19 Cup hdl 4.39 +0.18 3.95 4.75 61K 225K 3.98
Current. Nice lateral move over the 10 day MVA.
ATYT 06/23 Cup hdl 10.91 +0.23 9.7 11.88 2.2M 2.4M 9.74
Current. Looks ready to make the next move.
BDY 07/16 Test BO 18.05 +0.12 19.06 22.88 40K 376K 17.73
Buy Not Hit.
BEBE 07/01 Test BO 22.8 +1.02 20.9 24.95 110K 321K 21.24
Current. Nice price move off the 18 day MVA but no volume to match.
BIO 07/19 Flat 61.1 -0.05 61.35 73 48K 288K 59.25
Buy Not Issued. Still looks very good.
BRIO 07/23 Cup hdl 3 +0.3 3.08 4.25 1.5M 300K 2.86
New.
CBIZ 06/24 Cup hdl 3.41 +0.05 3.33 4.45 68K 212K 3.12
Buy Not Issued.
CCMP 07/07 Cup hdl 57.88 -0.32 58.25 66.65 597K 1.3M 55.55
Buy Not Issued. Now it looks ready.
CELL 07/21 Cup hdl 19.5 +0.03 19.25 23.25 198K 225K 17.82
Current. Took a breather after the big move higher to start the week.
CGFW 06/11 Cup hdl 9.04 -0.04 7.75 9.35 67K 120K 8.44
Current. Still a nice test of the 18 day MVA on below average volume.
CHINA 06/21 Test BO 11.42 -1.34 7.95 9.55 17M 2.8M 11.78
Current. Tanked to the 18 day MVA. Will see if it gives us a bounce, and if not we will take the rest of the gain off the table.
CHMD 06/10 FlyPlat 11.61 -0.5 10.54 12.55 218K 155K 10.75
Current. Right back down to the 10 day MVA on volume after the good Tuesday bounce.
CHS 07/23 Test BO 25.21 +0.26 25.65 30.75 567K 2.2M 24
New.
CRAY 07/22 Test BO 9.25 -0.11 9.78 11.75 587K 1.4M 9.11
Buy Not Hit. Still a very solid pattern.
CSC 07/22 Put 38.63 +1.53 36.96 34 2.4M 2M 38.25
Buy Not Hit.
CSTL 07/09 Cup hdl 3.87 -0.2 4.2 5.2 31K 200K 3.94
Current. Looked ready to run up off the 18 day MVA, but then fell right back Wednesday.
DKS 03/18 DB hdl 38.08 +0.13 23.81 28.42 129K 225K 35.94
Current.
DKS 02/19 DB hdl 38.08 +0.13 22.75 27.35 129K 225K 35.94
Current.
DSCM 07/10 Test BO 5.88 +0.48 6.36 8.12 746K 425K 5.91
Buy Not Hit. Showing some life now.
DVA 05/17 Cup hdl 28.51 +0.31 25.11 30 306K 573K 26.98
Current. Still working up the 10 day MVA.
EXLT 06/16 Flat 10.1 +0.32 9 11 371K 1.1M 8.94
Current.
FCN 06/19 Put 26.42 +0.32 25.44 23 1.6M 1M 24.55
Exited.
FFIV 07/14 A Wedge 17 +0.06 18.96 23 288K 800K 17.55
Buy Not Hit.
FLS 07/21 Put 19.03 +0.77 17.25 14.45 1.2M 525K 18.45
Buy Not Issued.
FLSH 05/22 Test BO 13.55 +0.69 10.55 12.75 280K 195K 12.45
Current. Good jump off the 18 day MVA on strong volume.
FLSH 05/12 Rv H&S 13.55 +0.69 9.2 10.96 280K 195K 12.45
Current.
FSII 07/12 Cup hdl 4.7 +0.05 4.9 6.25 201K 333K 4.45
Current. Still a very nice handle.
GERN 06/16 Test BO 7.98 -0.18 7.55 9.95 381K 2.5M 7.85
Current. Holding the 18 day MVA, but that is about all right here. Looked solid Tuesday but that died quickly.
GGNS 07/14 BO 3.33 +0.04 3.7 4.72 78K 250K 3.22
Current. Starting to look a lot better here at the 10 day MVA on low volume.
GPRO 06/17 A Wedge 52.49 0 41.75 48 162K 766K 47
Current. Still working up the 10 day MVA on very low volume.
GPRO 04/05 Dbl btm 52.49 0 26.5 30.75 162K 521K 47
Current.
GRMN 07/17 Put 41.98 +0.9 39.54 36.48 295K 800K 40.72
Buy Not Issued.
HPOL 07/08 Test BO 7.1 +0.02 7.22 8.95 286K 541K 6.68
Current. Volume was up as the test lower Monday looks like a shakeout.
HPOL 06/14 Test BO 7.1 +0.02 6.7 8.38 286K 541K 6.68
Current.
HPOL 06/04 Cup hdl 7.1 +0.02 5.85 6.95 286K 541K 6.68
Current.
IDT 07/12 Cup hdl 18.31 +0.54 18.35 21.95 170K 200K 17.88
Buy Not Issued. Looks to be surging toward the breakout.
INB 06/24 Cup hdl 9.1 +0.1 6.15 7.88 33K 80K 7.55
Current. Still working up the 10 day MVA.
INTU 06/26 Put 41.3 +0.49 43.95 39.35 3.2M 6M 42
IWOV 07/23 Cup hdl 2.8 -0.05 3.12 4 472K 1.5M 2.91
New.
KFY 06/28 Cup hdl 9.34 +0.12 9.05 10.95 89K 130K 8.88
Current. Up off the 18 day MVA but volume was falling. Needs to clear 9.50.
KLAC 07/19 Cup hdl 53.41 +1.11 52.25 60 10M 14M 49.85
Current. Another good day and a new high since the October low.
KROL 07/05 Cup hdl 27.79 +0.01 27.98 33.55 100K 700K 27.25
Current.
KROL 06/14 Test BO 27.79 +0.01 26.05 30.95 100K 716K 27.25
Current.
LLTC 07/23 Rv H&S 36.65 +1.49 37.35 44.85 6.8M 9M 34.74
New.
LM 05/06 Cup hdl 69.18 -0.83 58.5 67.78 374K 610K 67
Current. Holding the 18 day MVA as it continues the tight lateral move.
MDCC 07/21 Cup hdl 18.5 +0.03 18.35 22.35 86K 275K 17.07
Current. Took a breather on very low volume after the strong breakout moves.
MDP 07/16 Cup hdl 46.21 -0.51 47.12 56.55 214K 340K 45
Buy Not Hit. Still holding in the handle over the 10 day MVA.
MER 04/28 Cup hdl 53.47 +0.55 43.32 49.55 4.8M 7.5M 49.94
Current. Still working over the 10 day MVA but cannot get over 54 yet.
MERX 07/15 Cup hdl 9.59 -0.01 10.26 12.45 59K 248K 9.54
Buy Not Hit.
MKSI 07/21 Cup hdl 23.5 +0.65 22.25 27.95 675K 488K 20.96
Current. Good volume move, clearing near resistance on volume.
MKSI 07/14 Cup hdl 23.5 +0.65 22.8 27.95 675K 488K 21.12
Current.
MRGE 07/19 Test BO 15.95 +0.62 16.35 19.65 57K 239K 14
MRGE 04/24 Rv H&S 15.95 +0.62 8.06 10.45 57K 65K 14.38
Current. Looks ready to run up off the 10 day MVA.
MXO 07/22 Test BO 10.03 +0.71 10.18 12.25 9.3M 4.6M 9.47
Current. Super volume as MXO gapped higher.
NWRE 07/12 Test BO 17.39 -0.21 18.48 22.25 181K 900K 17.19
Buy Not Issued.
ONNN 06/21 Test BO 3.44 +0.1 3 3.75 159K 900K 3
Current. Still moving up off the 18 day MVA but on no volume.
ONXX 07/19 Test 18 15.96 +0.04 15.48 18.55 611K 495K 14.28
Current. Still working up the 10 day MVA though took a rest Wednesday.
OPSW 07/15 Test BO 5.44 -0.03 5.95 7.25 281K 850K 5.53
Buy Not Hit.
PHMD 07/17 Test BO 2.8 +0.02 2.9 3.75 225K 150K 2.68
Current. Still at the 10 day MVA as volume moved higher. Make or break time.
PIXR 07/05 Cup hdl 66.55 -0.12 62.8 71.75 234K 1.2M 65.94
Current. Very nice low volume doji on the 10 day MVA. Looks ready.
PKI 03/04 Test BO 13.65 -0.62 9.16 13.55 1.9M 1M 13.75
Target Hit.
PPE 07/12 Test BO 8.95 +0.15 9.28 12 1M 1.6M 8.82
Buy Not Hit.
PWAV 07/15 Test BO 7.28 -0.13 8.12 9.75 1.6M 2.1M 7.45
Buy Not Hit.
QDEL 07/02 A Wedge 6.71 -0.02 6.8 8.12 45K 125K 6.32
Current. Trying to move up off the 18 day MVA but needs to get some volume.
RCNC 07/09 Test BO 2.29 -0.29 2.58 3.05 505K 718K 2.42
Exited.
RINO 06/28 Put 11.37 +0.14 12.12 10 181K 375K 12.05
Current. Rose to tap the 10 day MVA, but still working down the 10 day MVA.
RNR 07/01 A Wedge 42.85 -4.95 47.32 55 4.4M 500K 45
Buy Not Issued. Dropping.
SCH 07/14 Cup hdl 10.97 -0.33 11.92 14.45 8.5M 7.5M 11.05
Buy Not Issued. Earnings were not as investors had hoped. Fell below the 18 day MVA on rising volume. Will continue to watch, but dropping for now.
SINA 06/26 Test 18 26.9 -1.17 17.71 21.25 9.5M 4M 25
Current. Gapped down to the 18 day MVA. After hours reported great earnings and was up over $1 for the session.
SOHU 06/21 Test 50 36.3 -3.55 28.5 35 7.6M 2.5M 32.48
Current. Gapped below the 18 day MVA, but was up after the close.
SSTI 07/08 Cup hdl 4.64 -0.36 5.22 6.72 2.6M 1.4M 4.98
Exited.
STST 07/07 Test BO 18.36 +0.42 15.29 18.12 53K 103K 15.95
Current. Trying to get over 18.55 but no volume. May need to close the rest of the positions out now.
SWIR 07/07 Test BO 7.95 -0.25 7.38 8.96 234K 355K 7.45
Current. Holding the 10 day MVA on below average volume.
TMWD 06/11 Test BO 2.9 -0.1 2.32 3.25 224K 140K 2.78
Current. Gapped lower but bounced up off the 18 day MVA on volume.
TPTH 06/18 A Wedge 6.98 -0.01 7.4 8.95 189K 352K 6.98
Current. Testing the 50 day MVA with a tight doji as volume surged. May be ready to try again; needs it.
TSCM 07/17 Rv H&S 5.25 +0.05 5.82 7.55 78K 210K 5.38
Buy Not Hit. Tapped the 50 day MVA on the low and rebounded. Still in the pattern.
TSCO 06/03 Rv H&S 55.65 +3.02 46.85 55.25 593K 603K 48
Current. Outstanding run in progress as volume swells even more as it churns to a new all time high.
TSCO 04/24 Cup hdl 55.65 +3.02 43.75 52 593K 603K 48
Current.
VRTS 08/19 CCall 27.91 +0.29 19.76 20 8.3M 8.5M 28
Current. Up well after hours.
VSEA 07/12 Test BO 35.46 +0.5 34.5 40.95 1.4M 1.4M 32.08
Current. Another solid volume session but it needs to clear 36.
VVTV 07/19 Cup hdl 15.75 -0.25 16.38 19.75 94K 250K 15.23
Buy Not Hit. Very nice handle getting ready to breakout.
WWCA 05/22 BO 14.64 +0.56 11.42 13.85 2M 824K 12.42
Current. Nice volume break higher.
XICO 07/02 A Wedge 7.54 -0.13 7.25 8.65 109K 172K 7.45
Current. Holding the 18 day MVA on below average volume during this pullback.
XMSR 07/16 Cup hdl 12.66 0 14.25 17.25 2M 11M 13.12
Buy Not Hit.
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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