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stock split, stock recommendation
Begin part 2 of 2
Continuing plays ready:
Play Date: 07/19/2003
BIO (Bio-rad Labs--$61; -0.1; optionable): Scientific & technical instruments
http://biz.yahoo.com/p/b/bio.html
STATUS: Flat base. Forming a nice tight handle to the base this week after moving right up to the breakout point. Volume has backed way off as it makes the move, indicating no real sellers at this level. Really like the current short base with its strong money flow and relative strength. Just waiting for the strong volume breakout.
Volume: 65.7K Avg Volume: 197.227K
BUY POINT: New: $61.85 Volume=288K Target=$73 Stop=$59.25
POSITION: BIO IL - Sept. $60c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/bio.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: ACS; VVTV; XMSR; BIO; DSCM
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ACS 07/19 Put 43.98 -0.22 42.4 39.48 1.6M 2M 45.05
Current. Ready to turn back.
ADAT 06/28 Cup hdl 3.47 -0.03 3.95 5 77K 201K 3.67
Buy Not Hit.
ADRX 07/19 Put 19.36 +0.14 18.62 16 679K 1.8M 19.95
Buy Not Issued.
AEIS 07/22 Rv H&S 19.74 +0.5 19.36 24 544K 550K 17.96
Buy Not Issued. Ran out of gas, closing off the high after the longer
run off the 18 day. Needs to pullback just a bit and
then start back up.
AMEV 06/07 Test BO 4.65 +0.05 4.75 6 81K 102K 4.44
Current. Holding well over the 10 day MVA after the 50 day MVA test.
ASPM 06/30 FlyPlat 8 -0.24 8.33 10 9.4K 115K 7.72
Buy Not Issued.
ATSI 06/19 Cup hdl 4.22 -0.16 3.95 4.75 196K 225K 3.98
Current. Tried to make the move but gave it back with the market.
ATYT 06/23 Cup hdl 11.04 +0.13 9.7 11.88 2.9M 2.4M 9.74
Current. Volume was up but could not quite make the breakout.
BDY 07/16 Test BO 17.21 -0.84 19.06 22.88 168K 376K 17.73
Buy Not Hit.
BEBE 07/01 Test BO 21.87 -0.93 20.9 24.95 205K 321K 21.24
Current. Turned right back to the 18 day MVA on some rising volume.
BER 07/24 Put 48.46 +1.28 47.94 43.45 947K 574K 49.25
New.
BIO 07/19 Flat 61 -0.1 61.35 73 66K 288K 59.25
Buy Not Issued. Very nice pattern.
BRIO 07/23 Cup hdl 3.11 +0.11 3.08 4.25 5.5M 300K 2.86
Buy Not Issued. Another gap higher and turn back down. It held the
gains but it finished at the session low. Will need
to see it hold above 3 and rally. That is the buy point.
CBIZ 06/24 Cup hdl 3.58 +0.17 3.33 4.45 44K 212K 3.12
Buy Not Issued.
CCMP 07/07 Cup hdl 56.42 -1.46 60.25 70 1.5M 1.3M 56.03
Buy Not Issued. Tried the move but reversed on volume, never a good sign.
CELL 07/21 Cup hdl 18.6 -0.9 19.25 23.25 170K 225K 17.82
Current.
CGFW 06/11 Cup hdl 8.65 -0.39 7.75 9.35 485K 120K 8.44
Exited.
CHINA 06/21 Test BO 12.78 +1.36 7.95 9.55 27M 2.8M 11.78
Current. Up off the 18 day MVA on a volume surge, favoring SINA.
CHMD 06/10 FlyPlat 11.53 -0.08 10.54 12.55 28K 155K 10.75
Current. Doji at the 10 day MVA.
CHS 07/23 Test BO 24.64 -0.57 25.65 30.75 654K 2.2M 24
Buy Not Issued. Started higher as did most stocks but then faded to
close on the 10 day MVA on very low volume.
COHU 07/24 Rv H&S 18.51 +0.28 19.85 23.88 285K 155K 18.46
New.
COLT 07/24 BO 5.2 +0.47 5.15 6.45 379K 200K 4.79
New.
CRAY 07/22 Test BO 9.05 -0.2 9.78 11.75 1.2M 1.4M 9.11
Buy Not Hit.
CSC 07/22 Put 38.25 -0.38 36.96 34 1.2M 2M 38.25
Buy Not Hit.
CSTL 07/09 Cup hdl 3.92 +0.05 4.2 5.2 43K 200K 3.94
Exited.
DKS 03/18 DB hdl 38.19 +0.11 23.81 28.42 222K 225K 35.94
Current.
DKS 02/19 DB hdl 38.19 +0.11 22.75 27.35 222K 225K 35.94
Current.
DSCM 07/10 Test BO 5.62 -0.26 6.36 8.12 607K 425K 5.91
Buy Not Hit.
DVA 05/17 Cup hdl 28.37 -0.14 25.11 30 327K 573K 26.98
Current. Working up the 10 day MVA on lower volume. Just letting it work as long as it will.
EXLT 06/16 Flat 10.05 -0.05 9 11 658K 1.1M 8.94
Current.
FFIV 07/14 A Wedge 17.41 +0.41 18.96 23 1.3M 800K 17.55
Buy Not Hit. Forming up very well still.
FLS 07/21 Put 18.75 -0.28 17.25 14.45 319K 525K 18.45
Buy Not Issued.
FLSH 05/22 Test BO 13.9 +0.35 10.55 12.75 528K 195K 12.45
Current. Another nice high volume move.
FLSH 05/12 Rv H&S 13.9 +0.35 9.2 10.96 528K 195K 12.45
Current.
FSII 07/12 Cup hdl 4.66 -0.04 4.9 6.25 140K 333K 4.45
Current. Up off the 18 day MVA but needs more volume.
GERN 06/16 Test BO 7.8 -0.18 7.55 9.95 389K 2.5M 7.85
Current. Trying to hold the 18 day MVA.
GGNS 07/14 BO 3.44 +0.11 3.7 4.72 180K 250K 3.22
Current. Getting some volume as it tries to move up off the 10 day MVA.
GPRO 06/17 A Wedge 54.74 +2.25 41.75 48 645K 766K 47
Current. Another nice break higher off the 10 day MVA on volume.
GPRO 04/05 Dbl btm 54.74 +2.25 26.5 30.75 645K 521K 47
Current.
GRMN 07/17 Put 42.96 +0.98 39.54 36.48 447K 800K 40.72
Buy Not Issued.
HPOL 07/08 Test BO 7.02 -0.08 7.22 8.95 101K 541K 6.68
Current. Tightening up nicely at the 18 day MVA on low volume.
HPOL 06/14 Test BO 7.02 -0.08 6.7 8.38 101K 541K 6.68
Current.
HPOL 06/04 Cup hdl 7.02 -0.08 5.85 6.95 101K 541K 6.68
Current.
IDT 07/12 Cup hdl 18.1 -0.21 18.35 21.95 152K 200K 17.88
Buy Not Issued. Tried the move again but turned back to the 10 day.
Lower volume so it is still holding the pattern.
INB 06/24 Cup hdl 9.07 -0.03 6.15 7.88 58K 80K 7.55
Current.
INTU 06/26 Put 41.74 +0.44 43.95 39.35 3.6M 6M 42
IWOV 07/23 Cup hdl 2.65 -0.15 3.12 4 637K 1.5M 2.91
Buy Not Hit.
KFY 06/28 Cup hdl 9.31 -0.03 9.05 10.95 94K 130K 8.88
Current.
KLAC 07/19 Cup hdl 52.13 -1.28 52.25 60 10M 14M 49.85
Current. Gapped higher and gave back the Wednesday move. Still very solid.
KROL 07/05 Cup hdl 26.91 -0.88 27.98 33.55 367K 700K 27.25
Exited.
KROL 06/14 Test BO 26.91 -0.88 26.05 30.95 367K 716K 27.25
Exited.
LLTC 07/23 Rv H&S 35.22 -1.43 37.35 44.85 7.2M 9M 34.74
Buy Not Hit.
LM 05/06 Cup hdl 69.65 +0.47 58.5 67.78 407K 610K 67
Current. Still in a very tight, lateral move.
MDCC 07/21 Cup hdl 18.75 +0.25 18.35 22.35 112K 275K 17.07
Current. Tried another run higher but gave most back. Still solid.
MDP 07/16 Cup hdl 46.2 -0.01 47.12 56.55 188K 340K 45
Buy Not Hit.
MER 04/28 Cup hdl 53.35 -0.12 43.32 49.55 6.7M 7.5M 49.94
Current.
MERX 07/15 Cup hdl 8.97 -0.63 10.26 12.45 98K 248K 9.54
Buy Not Hit.
MKSI 07/21 Cup hdl 22.83 -0.67 22.25 27.95 380K 488K 20.96
Current. Gapped higher but gave back the Wednesday move.
MKSI 07/14 Cup hdl 22.83 -0.67 22.8 27.95 380K 488K 21.12
Current.
MRGE 07/19 Test BO 15.4 -0.55 16.35 19.65 61K 239K 14
MRGE 04/24 Rv H&S 15.4 -0.55 8.06 10.45 61K 65K 14.38
Current. Back to the 10 day MVA as MRGE works laterally below 16.
MXO 07/22 Test BO 9.73 -0.3 10.18 12.25 3.5M 4.6M 9.47
Current. Gave back some of the move on lower volume.
NWRE 07/12 Test BO 17.38 -0.01 18.48 22.25 255K 900K 17.19
Buy Not Issued.
ONNN 06/21 Test BO 3.48 +0.04 3 3.75 260K 900K 3
Current. Back up to 3.50 and once again slowing down. This is where it needs to break free from.
ONXX 07/19 Test 18 15.26 -0.7 15.48 18.55 493K 495K 14.28
Current. Back down Thursday on lower volume, holding the breakout.
OPSW 07/15 Test BO 5.28 -0.16 5.95 7.25 423K 850K 5.53
Buy Not Hit.
PHMD 07/17 Test BO 2.9 +0.1 2.9 3.75 417K 150K 2.68
Current. Working steadily up the 10 day MVA but needs to break over 3 on volume.
PIXR 07/05 Cup hdl 66.2 -0.35 62.8 71.75 341K 1.2M 65.94
Current. Holding the 10 day MVA on very low volume.
PPE 07/12 Test BO 8.96 +0.01 9.28 12 791K 1.6M 8.82
Buy Not Hit.
PWAV 07/15 Test BO 6.99 -0.29 8.12 9.75 2.3M 2.1M 7.45
Buy Not Hit.
QDEL 07/02 A Wedge 6.52 -0.19 6.8 8.12 44K 125K 6.32
Current. Back to the 18 day MVA on continued below average volume.
RCNC 07/09 Test BO 2.11 -0.18 2.58 3.05 465K 718K 2.42
Exited.
RINO 06/28 Put 11.64 +0.27 12.12 10 242K 375K 12.05
Current.
SINA 06/26 Test 18 34.1 +7.2 17.71 21.25 24M 4M 25
Current. Holy cow Batman. Exploding higher on a big upside earnings surprise.
SOHU 06/21 Test 50 38.02 +1.72 28.5 35 5.3M 2.5M 32.48
Current. Moved up in sympathy with SINA.
STST 07/07 Test BO 17.74 -0.62 15.29 18.12 101K 103K 15.95
Current. Gapped higher and was on its way over 18, but then gave the move back so it is still dealing with that resistance level.
SWIR 07/07 Test BO 8.41 +0.46 7.38 8.96 914K 355K 7.45
Current.
TMWD 06/11 Test BO 2.84 -0.06 2.32 3.25 144K 140K 2.78
Current. Thudded back to the 18 day MVA after gapping higher.
TPTH 06/18 A Wedge 7 +0.02 7.4 8.95 36K 352K 6.98
Current. Still working over the 18 day MVA.
TSCM 07/17 Rv H&S 5.15 -0.1 5.82 7.55 162K 210K 5.38
Buy Not Hit.
TSCO 06/03 Rv H&S 56 +0.35 46.85 55.25 472K 603K 48
Current. Showing a doji after a very nice run on the split announcement. Will look at taking some short term option gains if it slides some Friday.
TSCO 04/24 Cup hdl 56 +0.35 43.75 52 472K 603K 48
Current.
VRTS 08/19 CCall 30.2 +2.29 19.76 20 20M 8.5M 28
Current. Nice gap higher on the earnings but could not hold the run after the gap.
VSEA 07/12 Test BO 35.4 -0.06 34.5 40.95 1.4M 1.4M 32.08
Current. Up to 36, resistance it needs to cross.
VVTV 07/19 Cup hdl 15.67 -0.08 16.38 19.75 111K 250K 15.23
Buy Not Hit. Very nice handle forming.
WWCA 07/23 BO 14.98 +0.34 14.48 17.45 1.4M 824K 13.47
Current. Up to 15 and showing a doji. May test back some.
WWCA 05/22 BO 14.98 +0.34 11.42 13.85 1.4M 824K 12.42
Current.
XICO 07/02 A Wedge 8.28 +0.74 7.25 8.65 219K 172K 7.45
Current. Nice volume as XICO starts up off the 18 day MVA.
XMSR 07/16 Cup hdl 13.15 +0.49 14.25 17.25 4.7M 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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stock split
stock recommendation
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