|
|
us stock market, stock recommendation
Begin part 2 of 2
THE PLAYS
Good moves Monday: ATYT; DKS; HPOL; MKSI; NTN; SINA
Weekend play results:
BEV: Testing back a bit from the strong move.
NTN: Big blast higher.
CRAY: Still in the pattern.
VVTV: Started higher but faded baci to flat.
New Plays for Tuesday:
Play Date: 07/28/2003
CHRD (Chordiant Software--$2.27; -0.12; no options): Technical and system software
http://biz.yahoo.com/p/c/chrd.html
STATUS: Testing the breakout. CHRD blasted out of an 8 month cup with handle base in June, rallied up to 2.51, and is now coming back to test this breakout on much lower, below average volume. It tapped the 10 day MVA on the Monday low (2.20) and rebounded to close. Excellent money flow in the base at 8 to 3 (8 up weeks on rising volume to 3 down weeks on rising volume) set the foundation, and excellent money flow and a relative strength breakout show the strength. Looking for CHRD to turn back up from this test (it may find 2.20 one more time) on once again stronger volume.
Volume: 531.863K Avg Volume: 547.681K
BUY POINT: $2.43 Volume=822K Target=$3.12 Stop=$2.18
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/chrd.html
Play Date: 07/28/2003
MCTR (Mercator Software--$2.23; +0.08; no options): Business software
http://biz.yahoo.com/p/m/mctr.html
STATUS: Testing the breakout. Broke out of a 6 month flat base two weeks back on a huge volume surge. The base accumulation is outstanding at 7 to 0 (7 up weeks on rising volume to 0 down weeks on rising volume). Relative strength broke out on the move and money flow is huge. Looking for MCTR to start back up from here for a nice gain.
Volume: 305.372K Avg Volume: 244.454K
BUY POINT: $2.45 Volume=367K Target=$3.35 Stop=$2.28
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/mctr.html
Continuing that still look excellent:
Play Date: 07/21/2003
TZIX (Trizetto Group--$7.74; +0.16; no options): Healthcare information software
http://biz.yahoo.com/p/t/tzix.html
STATUS: Reverse head and shoulders. TZIX leaped up last week on strong volume but then came back to tes the move, holding at 7.50. Excellent money flow and accumulation, and we are simply waiting for TZIX to finish the test and rally back up on another above average volume surge.
Volume: 121.689K Avg Volume: 144.863K
BUY POINT: $7.7 Volume=200K Target=$9.45 Stop=$6.96
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/tzix.html
SUBSCRIBER PORTFOLIO: It is time to revamp the subsciber portfolio. The way we do it is have you vote on your favorite stocks for us to cover. Then when we get 8 or so with a majority we compile them.
We are also putting together a new leaders portfolio as this market consolidation should put some in better buying position. If you have any you feel are worthy of the leadership moniker, feel free to send them. We have several on our list already but will review any submissions.
CONTINUING/WATCHLIST:
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.
These still look ready: MERX; MU; BDY; BEV; CRAY
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AMZN 05/03 BO 42.08 +0.48 30.3 35.45 7.5M 12M 37.45
Current.
AOS 07/24 Rv H&S 32.1 -0.25 33.05 40 51K 175K 30.94
Buy Not Hit.
ASPM 06/30 FlyPlat 8.94 +0.54 8.65 10.42 54K 115K 7.88
Buy Not Issued. Volume just is not there.
ASTSF 07/12 Cup hdl 6.84 +0.32 6.5 8.25 276K 500K 6.25
Current.
ATSI 06/19 Cup hdl 4.3 -0.1 3.95 4.75 97K 225K 3.98
Current.
ATYT 06/23 Cup hdl 11.99 +0.77 9.7 11.88 4.1M 2.4M 10.44
Target Hit. Blasted higher on volume on a new breakout. Took half
the gain, letting the other half run.
BEV 07/26 Test BO 5.29 -0.09 5.54 6.94 2M 1.4M 5.12
Buy Not Hit.
C 04/18 Rv H&S 45.8 +0.07 41.25 48.55 13M 23M 44.62
Current.
CHGO 06/14 Test BO 11.2 -0.49 10.08 12.05 161K 140K 11
Current. Having a hard time holding the move off the 10 day MVA.
CHRD 07/28 Test BO 2.27 -0.12 2.43 3.12 532K 822K 2.18
New.
COLT 07/24 BO 5.64 +0.45 5.15 6.45 186K 200K 4.79
Buy Not Issued. No test, just blasted higher and caught us flat footed. Good enough to enter.
CRAY 07/22 Test BO 9.08 -0.13 9.78 11.75 504K 1.4M 9.11
Buy Not Hit.
CSTL 07/09 Cup hdl 4.08 0 4.2 5.2 35K 200K 3.94
DKS 03/18 DB hdl 39.75 +1.55 23.81 28.42 385K 225K 35.94
Current.
DKS 02/19 DB hdl 39.75 +1.55 22.75 27.35 385K 225K 35.94
Current.
EBAY 12/12 Test 18 110.89 -1.35 69.45 92 6.3M 12M 105.55
Current. Back to the 10 day MVA on lower volume.
EBAY 10/15 Test 50 110.89 -1.35 62.45 92 6.3M 12M 105.55
Current.
EGO 06/25 Cup hdl 2.04 -0.04 1.88 2.45 661K 210K 1.91
Current.
FLSH 05/22 Test BO 13.95 +0.03 10.55 12.75 193K 195K 13.02
Current.
FLSH 05/12 Rv H&S 13.95 +0.03 9.2 10.96 193K 195K 13.02
Current.
HPOL 07/08 Test BO 7.85 +0.6 7.22 8.95 609K 541K 6.68
Current.
HPOL 06/14 Test BO 7.85 +0.6 6.7 8.38 609K 541K 6.68
Current.
IACI 07/13 Test BO 40.99 -0.14 42.28 48.85 4.5M 12M 39.32
Current.
IACI 03/25 Cup hdl 40.99 -0.14 29.12 33.55 4.5M 8.3M 39
Current.
IBM 06/14 82.54 -1.01 0 0 6.4M 0 0
KFY 06/28 Cup hdl 9.5 +0.13 9.05 10.95 131K 130K 9.05
Current.
KLAC 07/19 Cup hdl 53.25 +0.81 52.25 60 8.4M 14M 49.85
Current.
LIOX 07/16 Test 18 6.15 -0.1 6.58 8.05 124K 400K 5.92
Current. Nice test of the 10 day MVA.
LPSN 07/07 BO 2.69 +0.09 2.22 2.95 1.1M 320K 2.23
Current.
MCTR 07/28 Test BO 2.23 +0.08 2.45 3.35 305K 367K 2.28
New.
MERX 07/15 Cup hdl 9.48 +0.1 10.26 12.45 38K 248K 9.54
Buy Not Hit.
MKSI 07/21 Cup hdl 23.74 +0.63 22.25 27.95 263K 488K 20.96
Current.
MKSI 07/14 Cup hdl 23.74 +0.63 22.8 27.95 263K 488K 21.12
Current.
MU 07/19 Cup hdl 14.57 -0.08 15.4 18.35 11M 16M 14.32
Current.
MYL 07/22 Put 33.15 +0.54 30.96 28 907K 1.5M 32.05
Buy Not Hit.
NTN 07/26 FlyPlat 2.5 +0.3 2.44 3.32 874K 200K 2.18
Current. Super volume breakout.
ONNN 06/21 Test BO 3.51 +0.03 3 3.75 385K 900K 3.18
Current.
PDLI 06/19 Put 14.11 +0.94 14.75 12.04 2.3M 2.5M 14.25
Current. Testing the 50 day MVA again on rising volume. Needs to turnover again here and continue the move lower.
PHMD 07/17 Test BO 2.75 +0.16 2.9 3.75 397K 150K 2.68
Current.
RATE 07/15 FlyPlat 14.26 -0.87 14.8 17.88 177K 312K 14.02
Current. Darn. Turned over and thudded to the 18 day. Needs to bounce here or we close it.
RCII 01/11 Test BO 78.39 -2.49 0 0 523K 0 71.75
SBUX 07/01 Cup 26.61 -0.09 26.3 30.94 2M 6M 25.85
Current.
SINA 06/26 Test 18 36.28 +1.9 17.71 21.25 10M 4M 29.45
Current.
SOHU 06/26 Test 50 39.73 +0.02 29.9 35.88 2.6M 2.5M 36.55
Current.
STST 07/07 Test BO 17.67 -0.32 15.29 18.12 48K 103K 16.58
Current.
TEVA 01/11 A Wedge 56.75 +0.85 0 0 1.9M 5M 53.75
TMWD 06/11 Test BO 2.81 -0.09 2.32 3.25 91K 140K 2.78
Current. Struggling at the 18 day MVA still. Needs to show us something soon or we close it.
TPTH 06/18 A Wedge 7.31 +0.05 7.4 8.95 61K 352K 6.98
Current.
TSCO 06/03 Rv H&S 55.68 +0.31 46.85 55.25 152K 603K 50.45
Current.
TSCO 04/24 Cup hdl 55.68 +0.31 43.75 52 152K 603K 50.45
Current.
TSCO 04/03 Rv H&S 55.68 +0.31 38.6 44.38 152K 577K 50.45
Current.
TZIX 07/21 Rv H&S 7.74 +0.16 7.7 9.45 122K 200K 6.96
Current.
UBET 07/22 Cup hdl 4.23 +0.22 4.12 5.15 507K 920K 3.74
Current.
UNTD 07/12 Test BO 30.18 +0.79 28.8 34.12 1M 2.1M 27.72
Current.
UNTD 05/29 Flat 30.18 +0.79 23.45 28 1M 2M 27.72
Current.
VRTS 08/19 CCall 30.75 -0.01 19.76 20 6.6M 8.5M 28
Current. Issued $500M in convertibles, announced after hours. May take a bit of a hit Tuesday. Used the cover of good earnings last week to try and slip it in this week.
VVTV 07/19 Cup hdl 16.1 -0.06 16.38 19.75 271K 250K 15.23
Buy Not Issued. Gapped up but then traded back all session. Still solid.
WMT 02/05 Put 56.16 -0.03 0 0 6.1M 8.2M 0
WWCA 07/23 BO 14.6 +0.02 14.48 17.45 1.2M 824K 13.47
Current.
WWCA 05/22 BO 14.6 +0.02 11.42 13.85 1.2M 824K 13.35
Current.
YHOO 12/11 Test 50 32.56 -0.24 17.32 25 6.9M 20M 32.15
Current.
Good Investing!
Jon L. Johnson and The Daily Staff
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 of 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.
|
us stock market
stock recommendation
|
