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stock recommendation, stock market recommendation
Begin part 2 of 2
Continuing plays ready:
Play Date: 07/26/2003
EMBT (Embarcadero Technologies--$8.16; -0.04; optionable): Business software
http://biz.yahoo.com/p/e/embt.html
STATUS: Cup w/handle. Volume is starting to surge as EMBT strains at the breakout from 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). Excellent accumulation and surging money flow have set the table for a breakout.
Volume: 230.5K Avg Volume: 179.136K
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: 07/30/2003
SIE (Sierra Health Services--$26.32; +0.07; optionable): Health care plans
http://biz.yahoo.com/p/s/sie.html
STATUS: Testing the breakout. Still in the excellent pullback to test the breakout from last week. Last Thursday SIE exploded out of a 12 month cup with handle base on huge volume. Solid base with 14 to 6 accumulation. Good looking pullback with a tight doji Thursday that tapped at the 10 day MVA on the low (25.04) and rebounding. Looks very ready.
Volume: 659.2K Avg Volume: 476.227K
BUY POINT: $27.12 Volume=700K Target=$32.55 Stop=$25.22
POSITION: SIE LE - Dec. $25c (63 delta) &/or Stock
http://www.investmenthouse.com/ci/sie.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: AVCI; COLT; FFIV; INB; LM; PIXR; TSCO; XMSR
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AEIS 07/22 Rv H&S 19.52 +0.77 19.36 24 666K 550K 17.96
Buy Not Issued.
AMEV 07/26 A Wedge 6.4 -0.66 5.75 6.88 467K 200K 5.35
Current. Was running again but reversed and gave back almost all of the Wednesday move as volume backed off.
AMEV 06/07 Test BO 6.4 -0.66 4.75 6 467K 102K 4.44
Current.
ASPM 06/30 FlyPlat 9.18 -0.24 8.65 10.42 17K 115K 7.88
Buy Not Issued.
ATYT 06/23 Cup hdl 12.4 +0.4 9.7 11.88 3.4M 2.4M 10.44
Current. Nice resumption of the move on rising, above average volume.
AVCI 07/30 Cup 7.29 +0.29 7.35 9 411K 129K 6.84
Buy Not Hit. Volume shot higher as AVCI moved toward the breakout.
BDY 07/16 Test BO 18.7 -1.09 19.58 23.25 1M 376K 18.21
Current. Gapped higher and looked strong but reversed to give back the Thursday gain on strong volume. Needs to hold the 10 day MVA.
BEBE 07/01 Test BO 22.34 +0.34 20.9 24.95 360K 321K 21.24
Current.
CCMP 07/07 Cup hdl 62.11 +1 61.05 71 819K 1.3M 57.06
Current. Started to take off again but gave back most of the gain. Still solid.
CELL 07/21 Cup hdl 26.19 -0.71 19.25 23.25 978K 225K 17.82
Current. Gapped higher but gave some back. Lower volume so not bad.
CHINA 07/29 Test 18 12.1 -0.42 13.88 17.35 11M 15M 12.88
Buy Not Hit. Still holding the 18 day MVA.
CHINA 06/21 Test BO 12.1 -0.42 7.95 9.55 11M 2.8M 11.78
Current.
CHMD 06/10 FlyPlat 11.47 -0.41 10.54 12.55 148K 155K 11.06
Current.
CHS 07/23 Test BO 27.15 +1.58 27.05 31.25 2.9M 2.2M 25.16
Current. Nice break higher on strong volume. Was mostly gap
but we have been looking at this one for the move so
we took it.
COHU 07/24 Rv H&S 19.88 +0.91 19.85 23.88 269K 155K 18.46
Current. Hit the target buy point right before the close on
some strong volume.
COLT 07/24 BO 5.35 -0.22 5.15 6.45 103K 200K 4.79
Buy Not Hit. Solid breakout and now coming back to test the move. A test of 5.75 then back up on volume is the entry point.
CRAY 07/22 Test BO 11.08 +1.38 9.73 11.75 6.3M 1.4M 8.98
Current. Super move.
DKS 03/18 DB hdl 38 -0.38 23.81 28.42 179K 225K 35.94
Current.
DKS 02/19 DB hdl 38 -0.38 22.75 27.35 179K 225K 35.94
Current.
DSCM 07/10 Test BO 5.56 +0.04 6.36 8.12 175K 425K 5.91
Buy Not Hit.
DVA 05/17 Cup hdl 28 -0.37 25.11 30 276K 573K 27.55
Current. Starting to struggle some as volume rises while it tests the 18 day MVA.
EMBT 07/26 Cup hdl 8.16 -0.04 8.75 10.48 230K 400K 8.14
Buy Not Issued.
EXLT 06/16 Flat 9.78 +0.1 9 11 692K 1.1M 9.25
Current.
FFIV 07/14 A Wedge 18.75 +0.5 18.96 23 802K 800K 17.55
Buy Not Hit. Starting higher on volume. Getting ready.
FLSH 05/22 Test BO 15.7 +0.55 10.55 12.75 550K 195K 13.02
Current.
FLSH 05/12 Rv H&S 15.7 +0.55 9.2 10.96 550K 195K 13.02
Current.
FSII 07/12 Cup hdl 5 +0.04 4.9 6.25 222K 333K 4.45
Current. Tried to make the next move but gave it back. Still solid.
GERN 06/16 Test BO 8.21 0 7.55 9.95 289K 2.5M 7.85
Current. Holding the 18 day MVA with a tight doji.
GPRO 06/17 A Wedge 55 -2.39 41.75 48 1.7M 766K 49.94
Current. Gapped higher but gave it all back and more on volume. Still holding the 10 day MVA, so okay for now.
GPRO 04/05 Dbl btm 55 -2.39 26.5 30.75 1.7M 521K 49.94
Current.
HPOL 07/08 Test BO 7.3 -0.65 7.22 8.95 1.6M 541K 6.68
Current. Thudded down to the 18 day MVA on a big volume surge. Managed to recover to close at that level, but won't let it break down.
HPOL 06/14 Test BO 7.3 -0.65 6.7 8.38 1.6M 541K 6.68
Current.
HPOL 06/04 Cup hdl 7.3 -0.65 5.85 6.95 1.6M 541K 6.68
Current.
IDT 07/12 Cup hdl 18.07 +0.01 18.35 21.95 46K 200K 17.88
Buy Not Issued.
IMA 07/28 A Wedge 20.76 +0.21 21.42 25.72 176K 115K 19.92
Buy Not Hit.
INB 07/29 Cup hdl 8.88 -0.08 9.32 11.65 41K 80K 8.62
Buy Not Hit. Still in a very tight lateral range.
INB 06/24 Cup hdl 8.88 -0.08 6.15 7.88 41K 80K 8.38
Current.
INTC 07/31 FlyPlat 24.89 +0.4 25.56 30.65 69M 75M 24
New.
INTU 06/26 Put 43.13 +0.86 43.95 39.35 3M 6M 42
KFY 06/28 Cup hdl 10.7 +0.9 9.05 10.95 483K 130K 9.05
Current.
KLAC 07/19 Cup hdl 51.65 +0.42 52.25 60 8.3M 14M 49.85
Current. Nice hammer doji on the 10 day MVA with rising volume. Has held up very well.
LLTC 07/23 Rv H&S 36.75 +1.54 37.35 44.85 8.5M 9M 35.22
Current. Was screaming on an upgrade but then sold back with
many of the chips in the afternoon selloff.
LM 05/06 Cup hdl 70 +0.91 58.5 67.78 470K 610K 67.65
Current.
MCTR 07/28 Test BO 2.45 -0.2 2.45 3.35 443K 367K 2.28
Buy Not Issued.
MDCC 07/21 Cup hdl 18.75 -0.11 18.35 22.35 53K 275K 17.94
Current. Up off the 18 day MVA but still no volume.
MDP 07/16 Cup hdl 45.48 -0.11 47.12 56.55 166K 340K 45
Buy Not Hit.
MER 04/28 Cup hdl 54.37 +1.11 43.32 49.55 9.2M 7.5M 51.38
Current. Nice volume move off the 10 day MVA.
MERX 07/15 Cup hdl 10.65 +1.04 10.26 12.45 410K 248K 9.54
Buy Not Hit. Finally gave the breakout, and it was solid.
MKSI 07/21 Cup hdl 22.48 +0.29 22.25 27.95 286K 488K 20.96
Current. Nice hold at the 18 day MVA.
MKSI 07/14 Cup hdl 22.48 +0.29 22.8 27.95 286K 488K 21.12
Current.
MRGE 07/19 Test BO 14.77 -0.43 16.35 19.65 100K 239K 14
MRGE 04/24 Rv H&S 14.77 -0.43 8.06 10.45 100K 65K 14.38
Current. Sold below the 18 day MVA and rebounded to hold the 18 day MVA on the close.
MXO 07/22 Test BO 10 +0.29 10.18 12.25 4M 4.6M 9.47
Current.
NEWP 07/29 Cup hdl 17.2 +0.05 17.66 21.35 503K 552K 16.22
Current. Surged on solid volume but then gave the gains back
as the market turned over. Still holding the break
higher from Wednesday.
NTN 07/26 FlyPlat 2.44 +0.01 2.44 3.32 173K 200K 2.18
Current. Tapped the 10 day MVA on the low and rebounded.
ONNN 06/21 Test BO 2.92 -0.37 3 3.75 2.1M 900K 3.18
Current. Did not fare well with earnings, gapping down where it tanked below the 50 day MVA but rallied furiously to recover. Will see if it can continue the move back toward 3.25.
ONXX 07/19 Test 18 15.71 -0.09 15.48 18.55 252K 495K 14.28
Current.
OPSW 07/15 Test BO 6 +0.59 6 7.32 2M 850K 5.54
Current. Strong volume breakout that held the gain into the close.
PHMD 07/17 Test BO 2.95 +0.06 2.9 3.75 302K 150K 2.68
Current. Getting some volume as it moves up off a test of the 18 day MVA.
PIXR 07/30 Test 18 67.8 +0.21 68.25 78.48 375K 1.3M 65.55
Buy Not Hit.
PIXR 07/05 Cup hdl 67.8 +0.21 62.8 71.75 375K 1.2M 65.94
Current.
PPE 07/12 Test BO 8.95 -0.03 9.28 12 992K 1.6M 8.82
Buy Not Hit.
PTEK 07/29 Cup hdl 6.43 +0.21 6.18 8 1.4M 276K 5.73
Buy Not Issued. Gapped higher on very strong volume. Good enough to
enter but we waited for the comeback and it did not.
Now will look for the test as the entry as hesitated
Thursday & lost.
PWAV 07/15 Test BO 7.7 +0.31 8.12 9.75 1.6M 2.1M 7.45
Buy Not Hit.
QDEL 07/02 A Wedge 6.78 -0.02 6.8 8.12 117K 125K 6.32
Exited. We exited near the close but it rallied furiously in
that short period to close over the 10 day MVA.
RIMM 07/31 Cup hdl 24.08 +2.43 24.38 29.35 6.2M 2.5M 22.67
New.
RINO 06/28 Put 11.69 -0.58 12.12 10 541K 375K 12.05
Current. Turned back down from the 50 day MVA on a big volume surge.
RTEC 07/31 Cup hdl 20.05 +0.05 21.06 25.28 158K 522K 19.59
New.
SIE 07/30 Test BO 26.32 +0.07 27.12 32.55 659K 700K 25.22
Buy Not Hit. Looks ready.
SINA 06/26 Test 18 34.76 -0.43 17.71 21.25 6.4M 4M 29.45
Current.
SOHU 06/21 Test 50 39.74 +0.39 28.5 35 2.2M 2.5M 32.48
Current. Shaping up well over the 18 day MVA.
STST 07/07 Test BO 17.22 -0.31 15.29 18.12 20K 103K 16.58
Current. Holding the 18 day MVA on very low volume.
SWIR 07/07 Test BO 9.99 +0.24 7.38 8.96 500K 355K 7.62
Current. Still working higher, now more volume coming in.
TPTH 06/18 A Wedge 7.14 -0.24 7.4 8.95 190K 352K 6.98
Current.
TSAI 07/30 Cup hdl 12.1 +1.6 11.75 13.88 1.3M 240K 9.98
Current. Big break higher.
TSCM 07/17 Rv H&S 5.58 -0.02 5.82 7.55 126K 210K 5.38
Buy Not Hit. Getting ready.
TSCO 06/03 Rv H&S 55.4 -0.55 46.85 55.25 242K 603K 50.45
Buy Not Hit. Upped the buy point to clear the recent range.
TSCO 04/24 Cup hdl 55.4 -0.55 43.75 52 242K 603K 50.45
Current.
TYL 07/26 Cup hdl 4.95 -0.37 5.48 6.88 526K 240K 5.15
Current. Big drop through the 18 day MVA on volume. If cannot rebound over 5.25, time to exit.
ULCM 07/29 Cup hdl 11.68 -0.15 12.22 14.96 34K 186K 11.36
Buy Not Hit.
VRTS 08/19 CCall 30.77 +0.39 19.76 20 7.9M 8.5M 28
Current.
VSEA 07/12 Test BO 33.25 -0.01 34.5 40.95 723K 1.4M 32.08
Current. Struggling at the 18 day MVA. If it does not recover we will close it out.
VVTV 07/19 Cup hdl 17.32 +0.92 16.95 20.45 298K 250K 15.66
Current. Nice volume breakout finally came.
WWCA 07/23 BO 14.65 +0.29 14.48 17.45 1.1M 824K 13.47
Current. Nice lateral consolidation over the 10 day MVA with volume starting back up.
WWCA 05/22 BO 14.65 +0.29 11.42 13.85 1.1M 824K 13.35
Current.
XICO 07/02 A Wedge 8.79 +0.09 7.25 8.65 301K 172K 7.45
Current. Volume came in. Trying to make the next move.
XMSR 07/16 Cup hdl 13.77 +0.3 14.25 17.25 5.2M 11M 13.12
Buy Not Hit.
XOMA 07/28 Rv H&S 7.52 -0.07 7.15 8.68 1.8M 1.5M 6.65
Buy Not Issued. Gapped higher but fell back. Looking for a bit deeper
test to move in.
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 recommendation
stock market recommendation
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