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us stock market, stock recommendation
Begin part 2 of 2
Continuing plays ready:
Play Date: 07/30/2003
SIE (Sierra Health Services--$25.27; +0.2; optionable): Health care plans
http://biz.yahoo.com/p/s/sie.html
STATUS: Testing the breakout. Very nice doji that tapped the 10 day MVA on the low (24.70) and then rebounded for a slight gain. This is a very nice test of the breakout from its 12 month cup with handle base. Accumulation in the base was an excellent 14 to 6. Huge money flow and solid relative strength. It looks ready now.
Volume: 282.1K Avg Volume: 482.772K
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
Play Date: 07/30/2003
PIXR (Pixar--$68.59; +1.6; optionable): Animated movies
http://biz.yahoo.com/p/p/pixr.html
STATUS: Flying plateau. Started up Monday after testing the 18 day MVA on the low (66.11). volume was up but still below average. Looks very good and we just want to see some stronger volume on a further move higher.
Volume: 593.561K Avg Volume: 864.181K
BUY POINT: New: $69.06 (orig. $68.25) Volume=1.3M Target=$78.48 Stop=$65.55
POSITION: PQJ JM - Oct. $65c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/pixr.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: INTC; RTEC; SIE;
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ADI 08/04 Cup 39.73 +0.22 40.43 47.65 3.5M 5M 37.62
New.
AMEV 07/26 A Wedge 6.84 +0.48 5.75 6.88 158K 200K 5.52
Current. Nice recovery, moving back up on rising volume.
AMEV 06/07 Test BO 6.84 +0.48 4.75 6 158K 102K 4.44
Current.
ATYT 06/23 Cup hdl 12.88 +0.08 9.7 11.88 4.9M 2.4M 10.44
Current. Still working higher but showing a doji on rising volume. Indicates a test back coming.
AVCI 07/30 Cup 6.95 -0.35 7.35 9 90K 129K 6.84
Buy Not Hit.
BDY 07/16 Test BO 19.01 -0.11 19.58 23.25 202K 376K 18.21
Current. Big reversal last week, but holding at the 10 day on the Monday low.
BEBE 07/01 Test BO 21.78 -0.15 20.9 24.95 208K 321K 21.62
Current. Holding the 18 day MVA with a doji.
CCMP 07/07 Cup hdl 62.26 +0.02 61.05 71 453K 1.3M 59.25
Current. Moving laterally on low volume.
CELL 07/21 Cup hdl 26.7 -0.42 19.25 23.25 392K 225K 24.35
Current. Holding the breakout on lower volume.
CHINA 07/29 Test 18 11.68 -0.31 13.88 17.35 8.5M 15M 12.88
Buy Not Hit.
CHINA 06/21 Test BO 11.68 -0.31 7.95 9.55 8.5M 2.8M 11.78
Current. Fell below the 18 day MVA but recovered off the lows. Will see if it can recover.
CHMD 06/10 FlyPlat 11.35 -0.15 10.54 12.55 58K 155K 11.32
Current. Holding the 18 day MVA on low volume.
CHS 07/23 Test BO 27.83 +0.2 27.05 31.25 1.5M 2.2M 25.85
Current. Still moving higher.
CMVT 08/02 Dbl Top 14.43 +0.12 14.12 12 2.3M 3.5M 14.94
Buy Not Issued. Started lower but managed to rally off the lows. Still
in trouble.
COHU 07/24 Rv H&S 19.95 -0.56 19.85 23.88 285K 155K 19.12
Current. Holding up well after the break higher.
COLT 07/24 BO 5.53 +0.19 5.3 6.68 121K 200K 4.93
Current. Gapped higher but gave most of it back on a surge of above average volume.
CRAY 07/22 Test BO 11.4 +0.19 9.73 11.75 1.6M 1.4M 9.94
Current. Still working higher on above average volume.
CSC 08/04 DB hdl 42.75 +2.02 42.88 48.45 3.2M 2.4M 39.88
New.
DKS 03/18 DB hdl 35.73 -0.5 23.81 28.42 348K 225K 35.94
Current. Testing the 50 day MVA. Solid gain so letting it work for us to see if institutions come in to buy it here.
DKS 02/19 DB hdl 35.73 -0.5 22.75 27.35 348K 225K 35.94
Current.
DSCM 07/10 Test BO 5.8 +0.04 6.36 8.12 357K 425K 5.91
Buy Not Hit.
DVA 05/17 Cup hdl 27.51 +0.51 25.11 30 603K 573K 27.55
Current. Recovering off a 50 day MVA. Now we see if it gets more volume.
EBKR 08/04 BO 19.4 +1.1 19.55 23.48 276K 200K 18.09
New.
EMBT 07/26 Cup hdl 8.13 -0.03 8.75 10.48 93K 400K 8.14
Buy Not Issued.
FFIV 07/14 A Wedge 17.92 -0.14 18.96 23 459K 800K 17.55
Buy Not Issued.
FLSH 05/22 Test BO 15.32 -0.44 10.55 12.75 326K 195K 14.42
Current. Gapped lower after the strong move but still holding above the 10 day MVA.
FLSH 05/12 Rv H&S 15.32 -0.44 9.2 10.96 326K 195K 14.42
Current.
FSII 07/12 Cup hdl 4.89 -0.06 4.9 6.25 156K 333K 4.55
Current. Still working up the 10 day MVA.
GPRO 06/17 A Wedge 52.36 -1.73 41.75 48 559K 766K 51.65
Current. Turned and fell to the 18 day MVA but on lower volume. Needs to rebound from here.
GPRO 04/05 Dbl btm 52.36 -1.73 26.5 30.75 559K 521K 51.65
Current.
HPOL 07/08 Test BO 6.6 -0.5 7.22 8.95 626K 541K 6.68
Current. Got ugly but managed to recover to hold the 50 day MVA on the close. Needs to show a bounce here.
HPOL 06/14 Test BO 6.6 -0.5 6.7 8.38 626K 541K 6.68
Current.
IDT 07/12 Cup hdl 17.95 -0.12 18.35 21.95 145K 200K 17.88
Buy Not Issued.
IMA 07/28 A Wedge 20.82 -0.22 21.42 25.72 132K 115K 19.92
Buy Not Hit.
INTC 07/31 FlyPlat 25.13 +0.11 25.56 30.65 54M 75M 24
Buy Not Hit. Tapped the 18 day MVA on the low but recovered for a gain on rising volume.
INTU 06/26 Put 43.05 +0.19 41.8 38.05 2.5M 6M 43.68
Current. Another doji below the 50 day MVA.
KFY 06/28 Cup hdl 10 -0.32 9.05 10.95 188K 130K 9.52
Current. Testing the 10 day MVA, giving back that good move in two big chunks.
KLAC 07/19 Cup hdl 52.57 +0.36 52.25 60 6.5M 14M 50.12
Current. Working nicely over the 18 day MVA.
KLIC 08/02 Test BO 9.37 +0.68 9.32 11.75 1.7M 1.5M 8.48
Current.
LLTC 07/23 Rv H&S 37.16 +0.01 37.35 44.85 5.2M 9M 35.55
Current. Looked ready to go again but fell back at the close
w/a bit too light on the volume.
LM 05/06 Cup hdl 67.89 -0.56 58.5 67.78 398K 610K 68.15
Current. Tapped toward the 50 day MVA on the low and rebounded to hold some support at 67.50. Needs to continue the rebound.
MCTR 07/28 Test BO 2.95 +0.5 2.55 3.35 12M 367K 2.28
Buy Not Issued.
MDCC 07/21 Cup hdl 17.95 +0.08 18.35 22.35 69K 275K 17.94
Current. Got dicey, breaking below the 18 day MVA, but rallied to recover and hold that level.
MER 04/28 Cup hdl 52.94 -0.51 43.32 49.55 6.9M 7.5M 52.34
Current. Nice recovery and doji at the 18 day MVA.
MERX 07/15 Cup hdl 11 +0.45 10.52 12.75 384K 248K 9.78
Current. Good volume move higher.
MKSI 07/21 Cup hdl 22.29 +0.17 22.25 27.95 189K 488K 21.68
Current. Gapped lower but then rallied to recover the 18 day MVA so we let it work. If it cannot rally from here we will look at closing it.
MKSI 07/14 Cup hdl 22.29 +0.17 22.8 27.95 189K 488K 21.68
Current.
MRGE 07/19 Test BO 14.61 +0.13 16.35 19.65 156K 239K 14
MRGE 04/24 Rv H&S 14.61 +0.13 8.06 10.45 156K 65K 14.38
Current. Rebounded off the 50 day MVA but not surging hard.
MRVL 08/02 Cup hdl 35.35 +0.03 36.28 43.55 1.6M 4.9M 33.74
Buy Not Hit.
MXO 07/22 Test BO 9.85 -0.15 10.18 12.25 1.2M 4.6M 9.47
Current. Still holding the 10 day MVA as it moves laterally.
NEWP 07/29 Cup hdl 17.48 +0.25 17.66 21.35 232K 552K 16.44
Current. Nice move up off the 10 day MVA.
NTN 07/26 FlyPlat 2.34 -0.05 2.44 3.32 130K 200K 2.18
Current. Testing the breakout, tapping the 18 day MVA on the low and rebounding.
ONNN 06/21 Test BO 3.06 +0.22 3 3.75 704K 900K 3.18
Current. Good rebound up off the 50 day MVA. Will see if it has some more.
ONXX 07/19 Test 18 15.36 -0.61 15.48 18.55 347K 495K 15
Exited. We got shaken out and it recovered. volume was up,
but backed off. Gave us a head fake and we took it
all the way.
OPSW 07/15 Test BO 5.6 -0.23 6 7.32 506K 850K 5.45
Current. Testing back toward the 10 day MVA.
PG 08/02 H&S 87.84 +1.14 86.54 83 3.4M 4M 87.88
Buy Not Issued.
PHMD 07/17 Test BO 2.85 -0.05 2.9 3.75 194K 150K 2.68
Current. Nice tight range Monday sitting on the 10 day MVA.
PIXR 07/30 Test 18 68.59 +1.6 68.25 78.48 594K 1.3M 65.55
Buy Not Hit.
PIXR 07/05 Cup hdl 68.59 +1.6 62.8 71.75 594K 1.2M 65.94
Current.
PTEK 07/29 Cup hdl 6.15 +0.02 6.18 8 382K 276K 5.73
Buy Not Issued.
PWAV 07/15 Test BO 7.73 +0.1 8.12 9.75 1.1M 2.1M 7.45
Buy Not Hit.
RIMM 07/31 Cup hdl 28.28 +1 24.38 29.35 4.4M 2.5M 22.67
Buy Not Issued.
RTEC 07/31 Cup hdl 20.36 -0.29 21.06 25.28 145K 522K 19.59
Buy Not Hit. Low volume pullback. Still great.
SIE 07/30 Test BO 25.27 +0.2 27.12 32.55 282K 700K 25.22
Buy Not Hit.
SINA 06/26 Test 18 31.93 -1.46 17.71 21.25 9M 4M 30.52
Current. Tapped the 18 day MVA on the low and rebounded on volume.
SOHU 06/21 Test 50 34.65 -2.53 28.5 35 5.5M 2.5M 32.48
Current. Tapped down to the 50 day MVA and recouped some losses. Now it needs to show if it has anything left with a stronger volume bounce.
SRA 08/04 Cup hdl 15.98 +0.16 16.74 20.12 426K 247K 15.57
New.
SWIR 07/07 Test BO 9.95 +0.18 7.38 8.96 349K 355K 8.96
Current. Still riding up the 10 day MVA with a nice recovery Monday.
TKLC 08/02 Test BO 14.51 +0.15 14.78 17.75 511K 1M 13.75
Buy Not Hit.
TPTH 06/18 A Wedge 6.89 +0.14 7.4 8.95 111K 352K 6.98
Exited. Shook us out at the 50 day MVA but showed a doji on
the close as it came back some.
TSAI 07/30 Cup hdl 12.04 -0.36 11.75 13.88 496K 240K 10.96
Current.
TSCM 07/17 Rv H&S 5.29 -0.28 5.82 7.55 125K 210K 5.38
Buy Not Hit.
TSCO 06/03 Rv H&S 54.8 -0.91 46.85 55.25 261K 603K 53.25
Current. Tapped the 18 day MVA on the low and rebounded.
TSCO 04/24 Cup hdl 54.8 -0.91 43.75 52 261K 603K 53.25
Current.
TYL 07/26 Cup hdl 5.1 -0.07 5.48 6.88 249K 240K 5.15
Exited.
ULCM 07/29 Cup hdl 10.8 -1.1 12.22 14.96 122K 186K 11.36
Buy Not Hit.
VRTS 08/19 CCall 30.88 +0.28 19.76 20 5.1M 8.5M 29.06
Current.
VSEA 07/12 Test BO 33.72 +0.76 34.5 40.95 678K 1.4M 32.08
Current. Started back up and closed over the 18 day MVA. Looks like another low volume handle is forming.
VVTV 07/19 Cup hdl 17.02 +0.06 16.95 20.45 328K 250K 15.86
Current. Tested lower but recovered nicely on volume.
WWCA 07/23 BO 14.72 -0.76 14.48 17.45 1.6M 824K 14
Current. Sold back the Friday gain, but was moving higher after hours, back to positive and beyond.
WWCA 05/22 BO 14.72 -0.76 11.42 13.85 1.6M 824K 14
Current.
XICO 07/02 A Wedge 8.75 +0.21 7.25 8.65 132K 172K 7.98
Current. Up off the 18 day MVA on some rising volume.
XMSR 07/16 Cup hdl 13.72 -0.33 14.25 17.25 2.7M 11M 13.12
Buy Not Hit.
XOMA 07/28 Rv H&S 8.47 +0.27 7.15 8.68 1.8M 1.5M 6.65
Buy Not Issued.
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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