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stock watch, stock split
Begin part 2 of 2
THE PLAYS:
New Plays:
Play Date: 07/26/2003
EMBT (Embarcadero Technologies--$8.18; +0.58; optionable): Business software
http://biz.yahoo.com/p/e/embt.html
STATUS: Cup w/handle. A bit of a skewed pattern, but still quite nice as EMBT moves through its 7 month base showing excellent 7 to 3 accumulation (7 up price weeks on rising volume to 3 down price weeks on rising volume). That indicates that there was a lot of accumulation of the stock during the base. Money flow is excellent, showing a strong positive divergence (higher here than it was when the price was at this level back in January. Friday EMBT was surging on very strong volume toward a breakout. Very solid move and we are looking for volume to continue on the breakout.
Volume: 514.574K Avg Volume: 172.863K
BUY POINT: $8.75 Volume=400K Target=$10.48 Stop=$8.14
POSITION: MBQ KU - Nov. $7.50c (67 delta) &/or Stock
http://www.investmenthouse.com/ci/embt.html
Play Date: 07/26/2003
NTN (NTN Communications--$2.2; +0.06; no options): Broadcast communications
http://biz.yahoo.com/p/n/ntn.html
STATUS: Cup. NTN formed a 12 month cup with handle that it broke out of in April on an explosive move. It rallied up to 2.33 in early June and then has pulled back to form the current 7 week base. The former base showed excellent 17 to 4 accumujlation (17 up price weeks on rising volume to 4 down price weeks on rising volume). In the current base accumulation is 3 to 0. Friday volume shot higher as NTN moved up off the 50 day MVA last week. Money flow is surging and relative strength is ready to break out in support of the move.
Volume: 274.7K Avg Volume: 133.286K
BUY POINT: $2.36 Volume=200K Target=$3.22 Stop=$21.5
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/ntn.html
Play Date: 07/26/2003
TYL (Tyler Technologies--$5.17; +0.18; no options): ITS software services
http://biz.yahoo.com/p/t/tyl.html
STATUS: Flying plateau. TYL blasted out of a 7 month cup with handle base in early July, rushing up to 5.25 and then moving laterally the past two weeks in a nice, tight range between 5 and 5.25. During that time the 18 day MVA (5) has moved up to just below the stock. As it came up to test, volume shot higher Friday as TYL started to move up off the 18 day. Money flow is exploding higher and it looks as if TYL is going to follow it upside. Accumulation is a solid 7 to 4 in the base, laying a great foundation for another move higher.
Volume: 374.3K Avg Volume: 154.617K
BUY POINT: $5.38 Volume=240K Target=$6.75 Stop=$4.98
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/tyl.html
Continuing plays ready:
Play Date: 07/26/2003
AMEV (Applied Molecular--$4.9; +0.25; no options): Biotechnology
http://biz.yahoo.com/p/a/amev.html
STATUS: Ascending triangle. New Buy Point for new positions. AMEV is working on its next big move as it tries to close out a 2 month triangle that has used the 50 day MVA (4.21) as support with a constant top at 5. Accumulation in the young pattern is excellent at 3 to 0. Volume was surging Friday as AMEV rallied up toward treh breakout point. Excellent money flow and relative strength ready to breakout. Very nice.
Volume: 203K Avg Volume: 104.473K
BUY POINT: $5.07 Volume=200K Target=$6.35 Stop=$4.49
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/amev.html
Play Date: 07/19/2003
VVTV (Valuevision Media--$16.16; +0.49; optionable): Catalong and Mail order
http://biz.yahoo.com/p/v/vvtv.html
STATUS: Cup w/handle. As the market consolidates some stocks are forming very solid patterns; VVTV is one. It is in the handle of a 8 month base showing solid 9 to 6 accumulation. Incredibel money flow showing a major positive divergence should pull the stock higher for the breakout.
Volume: 131.74K Avg Volume: 149.154K
BUY POINT: $16.38 Volume=250K Target=$19.75 Stop=$15.23
POSITION: UVR IC - Sept. $15c (71 delta) or UVR LC - Dec. $15c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/vvtv.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: BIO; CELL; COHU; CRAY; FFIV; HPOL; LLTC; MERX; TSCM
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ACS 07/19 Put 43.53 -0.45 42.4 39.48 1.8M 2M 44.68
Current. Tanked Friday but then rebounded w/market. Still in
downtrend below the short term MVA.
ADAT 06/28 Cup hdl 3.33 -0.14 3.95 5 60K 201K 3.67
Buy Not Hit. Testing the 50 day on low volume. Dropping for now
but will keep an eye on it.
ADRX 07/19 Put 19.36 0 18.62 16 401K 1.8M 19.95
Buy Not Issued. Moving laterally along the 50 day after trying to fall
early on. Dropping for now but goign to keep watching it.
AEIS 07/22 Rv H&S 19.7 -0.04 19.36 24 931K 550K 17.96
Buy Not Issued. Finally got volume Friday, but it showed a tight doji
after moving up. Needs to come back from here and test 18.
AMEV 07/26 A Wedge 4.9 +0.25 5.07 6.35 203K 200K 4.49
New. Very nice ascneding triangle has formed.
AMEV 06/07 Test BO 4.9 +0.25 4.75 6 203K 102K 4.44
Current.
ASPM 06/30 FlyPlat 8.4 +0.4 8.65 10.42 32K 115K 7.88
Buy Not Issued. Not attracting enough volume to break it away higher.
ATSI 06/19 Cup hdl 4.4 +0.18 3.95 4.75 104K 225K 3.98
Current. Over the short term MVA, working in a flying plateau
and trying to make the break higher. Still good action.
ATYT 06/23 Cup hdl 11.22 +0.18 9.7 11.88 1.3M 2.4M 10.44
Current. Trying ot make the move over near resistance at 11.30
though volume backed off Friday. Letting it work if
it will, moving up the stop behind it.
BDY 07/16 Test BO 17.36 +0.15 19.06 22.88 68K 376K 17.73
Buy Not Hit. Has not shown the pop up we wanted so dropping for
now but will keep watching it.
BEBE 07/01 Test BO 22.01 +0.14 20.9 24.95 87K 321K 21.24
Current. was starting to move again but gave it back Thursday
& now still on the 18 day MVA.
BER 07/24 Put 50.5 +2.04 47.94 43.45 741K 574K 49.25
Buy Not Hit. Rebound gained strength. Closed at the 18 day and will
watch for a rollover. If it does not come Monday we
are dropping it.
BIO 07/19 Flat 62.1 +1.1 62.55 74.45 99K 288K 59.25
Buy Not Issued. Starting to show some better volume, but has edged
up without the breakaway. Moved up the buy past new
resistance and now looking for a volume move.
BRIO 07/23 Cup hdl 3.21 +0.1 3.08 4.25 919K 300K 2.86
Buy Not Issued. Well, with HYSL buyout announced late in the week BRIO
may have made its move. Getting some HYSL stock, but
HYSL is heading the wrong way to make this work for
us. Dropping.
CBIZ 06/24 Cup hdl 3.57 -0.01 3.33 4.45 79K 212K 3.12
Buy Not Issued. Has tried to make the breakout but has been unable
to hold the moves & volume has dropped. Not generating
enough volume so dropping for now.
CCMP 07/07 Cup hdl 58.73 +2.31 60.25 70 844K 1.3M 56.03
Buy Not Issued. A bit choppy but still like the way it is holding the
18 day MVA as it forms a handle.
CELL 07/21 Cup hdl 18.99 +0.39 19.25 23.25 122K 225K 17.82
Current. Still a very nice low volume pullback to test the move.Looking
to complete the buy as it rallies back on improving volume.
CHINA 06/21 Test BO 12.57 -0.22 7.95 9.55 16M 2.8M 11.78
Current. For now we are content to let it hold over the 18 day
MVA as it tests back to see if it can regain its legs.
CHMD 06/10 FlyPlat 11.5 -0.03 10.54 12.55 27K 155K 11.06
Current. Holding on the 10 day MVA on low volume, trying to
get its legs. Was on a good breakout drive but stalled
early.
CHS 07/23 Test BO 24.73 +0.09 25.65 30.75 565K 2.2M 24
Buy Not Issued. Nice doji on teh 10 day MVA & now we see if it can
make the breakout.
COHU 07/24 Rv H&S 18.07 -0.44 19.85 23.88 192K 155K 18.46
Buy Not Hit. Holding the nice pattern.
COLT 07/24 BO 5.19 -0.01 5.15 6.45 116K 200K 4.79
Buy Not Hit. Finding some resistance at 5.30 on the highs. Still
waiting for the test of 5 & a rebound to enter.
CRAY 07/22 Test BO 9.21 +0.16 9.78 11.75 531K 1.4M 9.11
Buy Not Hit. Still an excellent pattern developing.
CSC 07/22 Put 39.7 +1.45 36.96 34 1.1M 2M 38.25
Buy Not Hit. Heading the wrong way so dropping. Stocks still trying
to rise even when in trouble.
DKS 03/18 DB hdl 38.2 +0.01 23.81 28.42 156K 225K 35.94
Current.
DKS 02/19 DB hdl 38.2 +0.01 22.75 27.35 156K 225K 35.94
Current. The lateral move mimics the indexes as it too consolidates
a nice gain. Letting it work over the 18 day MVA.
DSCM 07/10 Test BO 5.7 +0.08 6.36 8.12 339K 425K 5.91
Buy Not Hit. Tried to move off teh 50 day but then found it again
immediately.
DVA 05/17 Cup hdl 28.41 +0.04 25.11 30 399K 573K 27.55
Current. Nice doji at the 10 day MVA as it continues its rise.
Not spectacular, but building again for the next move.
EMBT 07/26 Cup hdl 8.18 +0.58 8.75 10.48 515K 400K 8.14
New.
EXLT 06/16 Flat 9.41 -0.64 9 11 1M 1.1M 9.25
Current. Slipped slightly below the 18 day MVA Friday on rising
volume after a gap higher Thursday reversed. Edging
the stop loss higher.
FFIV 07/14 A Wedge 17.64 +0.23 18.96 23 465K 800K 17.55
Buy Not Hit. Picking up some steam as it moves up off the 50 day
MVA. Letting it develop and make the breakout.
FLS 07/21 Put 18.98 +0.23 17.25 14.45 324K 525K 18.45
Buy Not Issued. All over the map. With that volatility you would expect
a drop but it is hanging on. Will keep an eye on it
for the breakdown on volume.
FLSH 05/22 Test BO 13.92 +0.02 10.55 12.75 130K 195K 13.02
Current. Still making the move higher but finding some resistance
at 14. Good volume and still solid.
FLSH 05/12 Rv H&S 13.92 +0.02 9.2 10.96 130K 195K 13.02
Current.
FSII 07/12 Cup hdl 4.67 +0.01 4.9 6.25 62K 333K 4.45
Current. Trying to get some momentum off the 18 day MVA in the
handle that formed but it is requiring patience.
GERN 06/16 Test BO 7.97 +0.17 7.55 9.95 491K 2.5M 7.85
Current. Gapped lower but then recovered. On the bubble, and
if it cannot break thru 8 with some strength we will
close it and look elsewhere.
GGNS 07/14 BO 3.52 +0.08 3.7 4.72 155K 250K 3.22
Current. Moving up off of the 10 day MVA on some rising volume
as it tries to recover from the breakout that rolled
back over.
GPRO 06/17 A Wedge 53.99 -0.75 41.75 48 369K 766K 49.94
Current.
GPRO 04/05 Dbl btm 53.99 -0.75 26.5 30.75 369K 521K 49.94
Current. A dynamoe continues its move up the 10 day MVA.
GRMN 07/17 Put 45.23 +2.27 39.54 36.48 754K 800K 40.72
Buy Not Issued. Not ready to break down, vaulting over the 50 day MVA
on rising volume. Dropping as a put.
HPOL 07/08 Test BO 7.25 +0.23 7.22 8.95 172K 541K 6.68
Current.
HPOL 06/14 Test BO 7.25 +0.23 6.7 8.38 172K 541K 6.68
Current. Once again HPOL looks ready to make the break higher.
HPOL 06/04 Cup hdl 7.25 +0.23 5.85 6.95 172K 541K 6.68
Current.
IDT 07/12 Cup hdl 18.03 -0.07 18.35 21.95 139K 200K 17.88
Buy Not Issued. Keeps trying the breakout but failed on the Wednesday
attempt. Will continue to watch it, but getting a bit
volatile.
INB 06/24 Cup hdl 9.05 -0.02 6.15 7.88 23K 80K 8.38
Current. Still marching up the 10 day MVA and is forming up
well for the next move, a breakout over 9.20.
INTU 06/26 Put 42.37 +0.63 43.95 39.35 2.4M 6M 42
Rallied up to the 18 day MVA and looks ready to fall
back down again.
IWOV 07/23 Cup hdl 2.65 0 3.12 4 430K 1.5M 2.91
Buy Not Hit. Getting a bit wild in the handle. Volume is very low
so will keep watching it this week.
KFY 06/28 Cup hdl 9.37 +0.06 9.05 10.95 72K 130K 9.05
Current. Working laterally along the 10 day MVA on low volume.
Moved up the stop though it is still in decent shape.
Moving laterally along the 10 day MVA on very low volume.
Moved up the stop just in case, but is still in decent
shape.
KLAC 07/19 Cup hdl 52.44 +0.31 52.25 60 10M 14M 49.85
Current. Gave back some with a gap down Friday but then recovered
with the market. Still very solid.
LLTC 07/23 Rv H&S 36.21 +0.99 37.35 44.85 4.7M 9M 34.74
Buy Not Hit. Still a very nice base developing as LLTC hled the
short term MVA Friday.
LM 05/06 Cup hdl 70.22 +0.57 58.5 67.78 416K 610K 67.65
Current.
MDCC 07/21 Cup hdl 19 +0.25 18.35 22.35 74K 275K 17.94
Current. Still working higher though volume has fallen below
average.
MDP 07/16 Cup hdl 46.4 +0.2 47.12 56.55 142K 340K 45
Buy Not Hit. Excellent base still developing.
MER 04/28 Cup hdl 54.16 +0.81 43.32 49.55 5.1M 7.5M 51.38
Current. Still moving up the 10 day MVA.
MERX 07/15 Cup hdl 9.38 +0.41 10.26 12.45 61K 248K 9.54
Buy Not Hit. Still working on the handle, holding 9 as support on
very low volume. Still a very nice handle and overall
base. Just waiting for the breakout.
MKSI 07/21 Cup hdl 23.11 +0.28 22.25 27.95 347K 488K 20.96
Current.
MKSI 07/14 Cup hdl 23.11 +0.28 22.8 27.95 347K 488K 21.12
Current. Still working up the 10 day MVA after gapping lower
and recovering Friday.
MRGE 07/19 Test BO 14.5 -0.9 16.35 19.65 291K 239K 14
MRGE 04/24 Rv H&S 14.5 -0.9 8.06 10.45 291K 65K 14.38
Current. We were ready to close MRGE as it broke the 18 day,
but rallied back to hold that level. Needs to bounce
but still stand ready to close it to preserve the gain
on remaining positions.
MXO 07/22 Test BO 9.77 +0.04 10.18 12.25 3.5M 4.6M 9.47
Current. Tested the 10 day on teh low and recovered, holding
the breakout.
NTN 07/26 FlyPlat 2.2 +0.06 2.36 3.22 275K 200K 21.5
New.
NWRE 07/12 Test BO 16.87 -0.51 18.48 22.25 268K 900K 17.19
Buy Not Issued. Not the best action as it falls below the 18 day. Will
keep watching it but dropping from report.
ONNN 06/21 Test BO 3.51 +0.03 3 3.75 385K 900K 3.18
Current. Volume starting back up as ONNN does the same. Needs
to get over that 3.50 level that is holding it back.
When it does it will be ready.
ONXX 07/19 Test 18 15.17 -0.09 15.48 18.55 678K 495K 14.28
Current. Excellent test of the 10 day MVA that looks ready to
bounce.
OPSW 07/15 Test BO 5.32 +0.04 5.95 7.25 140K 850K 5.53
Buy Not Hit. Holding the 18 day MVA on very low volume, still testing
the breakout.
PHMD 07/17 Test BO 2.59 -0.31 2.9 3.75 657K 150K 2.68
Current. Plunged to the 18 day MVA Friday on big volume, holding
that level. Will look for a bounce up to exit.
PIXR 07/05 Cup hdl 67.14 +0.94 62.8 71.75 332K 1.2M 65.94
Current. Very low volume lateral test, holding the 10 day MVA.
Started up Friday. Looks ready.
PPE 07/12 Test BO 9.08 +0.12 9.28 12 1.4M 1.6M 8.82
Buy Not Hit. Volume is coming in now as PPE moves up off teh 18
day MVA. Just being patient to let it give the high
volume breakout.
PWAV 07/15 Test BO 7.43 +0.44 8.12 9.75 2.4M 2.1M 7.45
Buy Not Hit. Volume jumped Friday on the move up off support at
7. It may be ready now but it will have to show it.
QDEL 07/02 A Wedge 6.74 +0.22 6.8 8.12 67K 125K 6.32
Current. HOlding the 18 day MVA as it continues to work slowly
higher in recovery from the big jump higher that reversed.
Needs to clear 7. Volume was up so it is looking better.
RINO 06/28 Put 11.64 0 12.12 10 177K 375K 12.05
Current. Low volume bounce to the 10 day MVA. If the trend holds
it should fail here. It needs to do so this week so
we can close the August options out.
SINA 06/26 Test 18 34.38 +0.28 17.71 21.25 14M 4M 29.45
Current. Earnings explosion last week. Just letting it run,
moving up the stop point.
SOHU 06/21 Test 50 39.71 +1.69 28.5 35 3.2M 2.5M 32.48
Current. Holding the 18 day MVA after bouncing up off 35. Kind
of wild but holding support at 35 so letting it work
for us.
STST 07/07 Test BO 17.99 +0.25 15.29 18.12 28K 103K 16.58
Current. Tapping support at 17 and rebounding on microscopic volume.
SWIR 07/07 Test BO 8.89 +0.48 7.38 8.96 405K 355K 7.62
Current. Very nice move up and off the 10 day MVA Thursday and
Friday.
TMWD 06/11 Test BO 2.9 +0.06 2.32 3.25 91K 140K 2.78
Current. Has formed another handle that is holding the 18 day
MVA as it does. So far so good, but it is at the point
it needs to make a bounce.
TPTH 06/18 A Wedge 7.26 +0.26 7.4 8.95 67K 352K 6.98
Current. Nice move off the 50 day MVA Friday but needs some volume.
TSCM 07/17 Rv H&S 5.15 0 5.82 7.55 94K 210K 5.38
Buy Not Hit. Holding the 50 day MVA in a continued nice consolidation.
TSCO 06/03 Rv H&S 55.37 -0.63 46.85 55.25 183K 603K 50.45
Current. Took some gain but let most ride as it stalled some
after the big break higher on the split announcement.
TSCO 04/24 Cup hdl 55.37 -0.63 43.75 52 183K 603K 50.45
Current. Took some gain but let most ride as it stalled some
after the big break higher on the split announcement.
TYL 07/26 Cup hdl 5.17 +0.18 5.38 6.75 374K 240K 4.98
New.
VRTS 08/19 CCall 30.76 +0.56 19.76 20 6.4M 8.5M 28
Current. Big gap higher after the bigi earnings held its ground
Friday.
VSEA 07/12 Test BO 33.38 -2.02 34.5 40.95 2.1M 1.4M 32.08
Current. Gapped down Friday on heavy volume. This is some support,
but needs to recover or we will close it out.
VVTV 07/19 Cup hdl 16.16 +0.49 16.38 19.75 132K 250K 15.23
Buy Not Hit. Looks quite ready.
WWCA 07/23 BO 14.58 -0.4 14.48 17.45 854K 824K 13.47
Current.
WWCA 05/22 BO 14.58 -0.4 11.42 13.85 854K 824K 13.35
Current. Nice move last week but ran out of some gas Friday
as it edged back on low volume.
XICO 07/02 A Wedge 8.33 +0.05 7.25 8.65 105K 172K 7.45
Current. Good move up off the 18 day MVA Thursday on volume
indicates it is ready to resume the move even though
it went nowhere Friday.
XMSR 07/16 Cup hdl 13.27 +0.12 14.25 17.25 3.2M 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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stock watch
stock split
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