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stock watch, stock recommendation
Begin part 2 of 2
Continuing plays that look ready:
Upside:
Play Date: 08/04/2003
CSC (Computer Sciences--$42.69; +1.06; optionable): Software, ITS
http://biz.yahoo.com/p/c/csc.html
STATUS: Double bottom w/handle. Volume was up Monday as CSC jumped off the 10 day MVA and headed toward the breakout. It did not quite get there, but the action is excellent. It is moving up toward a breakout from the handle of its 7 week base showing solid 2 to 0 acumulation, i.e., 2 up weeks on rising volume to 0 down weeks on rising volume. Looks ready.
Volume: 1.744M Avg Volume: 1.638M
BUY POINT: $42.88 Volume=2.4M Target=$48.45 Stop=$39.88
POSITION: CSC LH - Dec. $40c (67 delta)
http://www.investmenthouse.com/ci/csc.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: ZMH; SOX; BEBE;
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
$SOX 08/09 Put 377.02 +8.33 372 354 0 0 377
Buy Not Issued. Has made the 50 day MVA and now we see if it will make the roll back down.
ADVP 08/07 H&S 38.68 +0.76 36.75 32.22 1.3M 1.8M 38.45
Buy Not Hit. Gaped higher again. Dropping but will watch it.
AMEV 07/26 A Wedge 5.92 -0.18 5.75 6.88 25K 200K 5.68
Current. Slipped below the 10 day MVA but on very low volume.
AMEV 06/07 Test BO 5.92 -0.18 4.75 6 25K 102K 5.68
Current.
ANSR 08/11 Cup hdl 3.18 +0.18 3.45 4.22 80K 350K 3.18
New.
ASPT 08/09 Test BO 8 +0.21 8.06 10.12 1.5M 791K 7.45
Current. Raced higher on volume but could not hold the high at 8.49. Still look solid.
BDY 07/16 Test BO 22.68 +2.03 19.58 23.25 907K 376K 18.88
Current. Excellent move on outstanding volume.
BEBE 07/01 Test BO 21.99 +0.59 20.9 24.95 172K 321K 21.62
Current. Tapped the 50 day MVA and then shot higher.
BMRN 08/07 Put 8.42 -0.02 8.98 6.95 642K 1.3M 9.75
Buy Not Hit.
CB 08/09 Cup hdl 65 -0.52 66.06 75.97 970K 2.7M 63.04
Buy Not Hit. Very nice handle still.
CELL 07/21 Cup hdl 25.28 +0.33 19.25 23.25 300K 225K 24.35
Current. Up over the 10 day MVA on rising volume. Looks as if the test is over. A buy on a move over 26.
CHS 07/23 Test BO 27.09 -0.1 27.05 31.25 504K 2.2M 25.98
Current. Holding the 10 day MVA with a nice doji.
CMTL 08/05 Put 16.75 +0.14 16.24 14.12 82K 450K 17.56
Buy Not Issued.
CMVT 08/02 Dbl Top 13.41 -0.07 13.85 11.85 2.2M 3.5M 14.24
Current. Working lower down the 10 day MVA on rising volume.
COLT 07/24 BO 5.28 -0.07 5.3 6.68 5.7K 200K 5.08
Current. Very low volume test.
CRAY 07/22 Test BO 10.67 +0.11 9.73 11.75 644K 1.4M 9.94
Current. Holding the 10 day MVA as it continues the test on low volume.
CSC 08/04 DB hdl 42.69 +1.06 42.88 48.45 1.7M 2.4M 39.88
Buy Not Issued.
DKS 03/18 DB hdl 38.7 +0.7 23.81 28.42 421K 225K 35.94
Current. Gapped higher again and on strong volume.
DKS 02/19 DB hdl 38.7 +0.7 22.75 27.35 421K 225K 35.94
Current.
DRL 08/11 Put 43.53 +0.16 43.33 40 615K 550K 44.44
New.
ERICY 08/11 Test 18 13.83 -0.2 14.78 17.74 1.4M 5M 13.65
New.
FLSH 05/22 Test BO 15.17 +0.52 10.55 12.75 286K 195K 14.42
Current. Up off the 18 day MVA test on above average volume.
FLSH 05/12 Rv H&S 15.17 +0.52 9.2 10.96 286K 195K 14.42
Current.
GNTA 08/06 H&S 12.09 +0.4 11.64 9.45 797K 1.1M 12.35
Buy Not Hit.
GPRO 06/17 A Wedge 55.48 +1.48 41.75 48 310K 766K 52.35
Current. Working higher again after a test of 50.
GPRO 04/05 Dbl btm 55.48 +1.48 26.5 30.75 310K 521K 53.25
Current.
IDT 07/12 Cup hdl 17.6 -0.19 18.48 21.95 496K 200K 17.44
Buy Not Issued. Gapped down to the 50 day MVA on rising volume. May be a shakeout so we will watch it for a session or two.
IMA 07/28 A Wedge 20.35 -0.25 21.42 25.72 64K 115K 20.38
Buy Not Hit. Still trying to hang on but losing some of its strength.
IMAN 07/16 Cup hdl 5.23 -0.26 5.52 7 793K 244K 5.13
Current. Testing lower and filling the gap after the big break higher Thursday. Needs to hold here and move back up.
INTU 06/26 Put 42.97 +0.67 41.8 38.05 2M 6M 43.68
Current. It is firming up. If it does not fall Tuesday we will close it out.
ITRI 08/06 H&S 18.9 +0.4 19.57 17 191K 200K 20.55
Buy Not Hit.
LAVA 08/07 DB hdl 20.43 +0.04 20.96 25.15 450K 1.2M 19.49
Buy Not Issued. Nice doji on support at 20. Waiting for another shot higher.
LLTC 07/23 Rv H&S 36.21 +1.08 37.35 44.85 4.1M 9M 35.55
Current. Up off the 50 day MVA, holding key support and also maintaining the pattern.
LM 05/06 Cup hdl 68.55 -0.09 58.5 67.78 182K 610K 68.15
Current. Nice doji right at the 18 day MVA on low volume.
MERX 07/15 Cup hdl 10.99 -0.21 10.52 12.75 99K 248K 10.14
Current. Holding the 10 day MVA.
MIL 08/05 Put 42.24 +0.36 42.02 39.15 329K 500K 43.14
Current. Doji right below the 50 day MVA on rising volume.
MKSI 07/21 Cup hdl 21.05 +0.54 22.25 27.95 252K 488K 21.68
Current. Held the 50 day and started back up.
MKSI 07/14 Cup hdl 21.05 +0.54 22.8 27.95 252K 488K 21.68
Current.
MMSI 08/05 Test BO 25.7 -0.12 26.72 32 68K 183K 25.55
Buy Not Hit.
NENG 08/04 Test BO 4.75 +0.22 5.12 6.35 288K 232K 4.66
Current. Nice doji over the 10 day MVA on low volume. A very nice test but we want to see it rally now.
ONNN 06/21 Test BO 3.46 +0.06 3 3.75 130K 900K 3.18
Current. Up again on the 50 day MVA rebound though volume fell off as it approached 3.50 again. This is the critical level.
PFG 08/09 Put 31.53 -0.56 31.88 30 895K 1M 32.35
Current. Nice start to the play, moving lower on rising volume.
PG 08/02 H&S 89.12 +0.04 86.54 83 2.1M 4M 87.88
Buy Not Issued.
PMTI 08/06 BO 7.19 +0.19 6.59 7.91 213K 200K 5.96
Buy Not Issued.
RIMM 07/31 Cup hdl 24.88 +0.27 25.58 29.35 544K 2.5M 23.79
Buy Not Issued.
SNIC 08/11 Test BO 11.91 +0.73 12.08 14.55 828K 900K 11.15
New.
SRA 08/04 Cup hdl 15.65 +0.25 16.74 20.12 229K 247K 15.57
Buy Not Hit. Back to the 18 day MVA, showing a tight doji on sharply rising volume.
TIWI 08/07 A Wedge 3.55 -0.25 4.06 5.65 108K 689K 3.75
Buy Not Hit.
TKLC 08/02 Test BO 14.14 +0.41 14.78 17.75 413K 1M 13.75
Buy Not Hit. Up off the 18 day MVA on rising volume. Nice action and ready for the next move.
TSAI 07/30 Cup hdl 10.88 -1.02 11.75 13.88 669K 240K 11.12
Exited. Gapped lower, used the bounce off the low to exit.
TSCO 06/03 Rv H&S 54.79 +1.34 46.85 55.25 184K 603K 53.25
Current. Starting up off the 18 day but needs some volume as it makes the breakout move over 55.75.
TSCO 04/24 Cup hdl 54.79 +1.34 43.75 52 184K 603K 53.25
Current.
TUES 08/06 Cup hdl 28.02 +0.57 28.88 34.65 222K 309K 26.94
Buy Not Hit. Up off the 18 day MVA on risign volume.
VRTS 08/19 CCall 29.85 +0.82 19.76 20 7M 8.5M 29.06
Current. Recovering off the 50 day on volume.
VVTV 07/19 Cup hdl 16.51 -0.05 16.95 20.45 90K 250K 16.14
Current.
XICO 07/02 A Wedge 8.7 -0.15 7.25 8.65 472K 172K 8.38
Current. Volume is running higher as XICO tests the 10 day. It is not moving much and that means there are as many buyers now as sellers, a good sign given the alternatives.
XOMA 07/28 Test BO 8.4 +0.31 8.35 10.24 849K 1.5M 7.85
Current. XOMA starts higher on some rising volume.
ZMH 08/09 Test BO 49.12 -0.36 50.62 59 1.2M 3M 47.88
Buy Not Hit. Low volume test of the breakout still underway. Full test in progress.
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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