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stock recommendation, stock market recommendation
Begin part 2 of 2
Continuing plays that look ready:
Upside:
Play Date: 08/09/2003
CB (Chubb--$65.49; +0.49; optionable): P&I Insurance
http://biz.yahoo.com/p/c/cb.html
STATUS: Cup w/handle. Volume was up Monday though still below average as CB tapped at the 10 day MVA on the low (64.81) and rebounded for a gain. Nice action in the handle of its 9 week base showing excellent 3 to 1 accumulation (3 up price weeks on rising volume versus 1 down price week on rising volume). Solid money flow and relative strength on top of the accumulation.
Volume: 1.557M Avg Volume: 1.771M
BUY POINT: $66.06 Volume=2.7M Target=$75.97 Stop=$63.04
POSITION: CB JM - Oct. $65c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/cb.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.
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
$SOX 08/09 Put 384.41 +7.39 372 354 0 0 377
Buy Not Issued.
AMEV 07/26 A Wedge 6 +0.08 5.75 6.88 25K 200K 5.68
Current. Low volume as it holds the 18 day MVA.
AMEV 06/07 Test BO 6 +0.08 4.75 6 25K 102K 5.68
Current.
ANSR 08/11 Cup hdl 3.43 +0.25 3.43 4.22 406K 350K 3.19
Current. Super blast higher.
ARTG 08/12 Test 50 2.12 +0.2 2.18 2.62 769K 1M 1.98
New.
ASPT 08/09 Test BO 7.96 -0.04 8.06 10.12 754K 791K 7.45
Current. Gapped higher but gave it back. Still looks good but it needs to make the move.
BDY 07/16 Test BO 24.7 +2.02 19.58 23.25 1.1M 376K 18.88
Target Hit. Took part of the gain, let the rest ride.
BEBE 07/01 Test BO 22.5 +0.51 20.9 24.95 148K 321K 21.62
Current. Another nice move after the 50 day MVA test.
BHE 08/12 FlyPlat 40.55 +0.99 41.12 47.25 239K 550K 38.24
New.
BMRN 08/07 Put 8.55 +0.13 8.98 6.95 835K 1.3M 9.75
Buy Not Hit.
CB 08/09 Cup hdl 65.49 +0.49 66.06 75.97 1.6M 2.7M 63.04
Buy Not Hit. Looks very good as volume starts to rise.
CELL 07/21 Cup hdl 25.04 -0.24 19.25 23.25 119K 225K 24.35
Current. Holding the 10 day MVA.
CHS 07/23 Test BO 27.45 +0.36 27.05 31.25 973K 2.2M 25.98
Current. Holding the 10 day MVA on some rising volume.
CMTL 08/05 Put 16.72 -0.02 16.24 14.12 139K 450K 17.56
Buy Not Issued.
CMVT 08/02 Dbl Top 14.44 +1.03 13.85 11.85 4.1M 3.5M 14.24
Current. Up to the 50 day MVA on rising volume. Needs to fail here.
COLT 07/24 BO 5.32 +0.04 5.3 6.68 32K 200K 5.08
Current. Still holding the short term MVA.
CRAY 07/22 Test BO 11 +0.33 9.73 11.75 890K 1.4M 9.94
Current. Nice test and move up off the 10 day MVA.
CSC 08/04 DB hdl 43.62 +0.93 43.42 48.45 2M 2.4M 40.92
Current. Nice break higher on volume.
DKS 03/18 DB hdl 37.96 -0.74 23.81 28.42 215K 225K 35.94
Current. Holding the 10 day MVA.
DKS 02/19 DB hdl 37.96 -0.74 22.75 27.35 215K 225K 35.94
Current.
DRL 08/11 Put 42.86 -0.67 43.2 40 304K 550K 44.44
Current. Started lower though volume did not move higher.
ERICY 08/11 Test 18 14.33 +0.5 14.78 17.74 1.5M 5M 13.65
Buy Not Hit.
FLSH 05/22 Test BO 15.25 +0.08 10.55 12.75 131K 195K 14.42
Current.
FLSH 05/12 Rv H&S 15.25 +0.08 9.2 10.96 131K 195K 14.42
Current.
GNTA 08/06 H&S 12.31 +0.22 11.64 9.45 791K 1.1M 12.35
Buy Not Hit.
GPRO 06/17 A Wedge 57 +1.52 41.75 48 223K 766K 52.35
Current. No volume but another good move higher.
GPRO 04/05 Dbl btm 57 +1.52 26.5 30.75 223K 521K 53.25
Current.
IDT 07/12 Cup hdl 17.5 -0.1 18.48 21.95 173K 200K 17.44
Buy Not Issued.
IMA 07/28 A Wedge 20.25 -0.1 21.42 25.72 28K 115K 20.38
Buy Not Hit.
IMAN 07/16 Cup hdl 5.4 +0.17 5.52 7 495K 244K 5.13
Current. Held the 10 day MVA and the break higher and now trying to bounce.
INTU 06/26 Put 43.42 +0.45 41.8 38.05 1.5M 6M 43.68
Current.
ITRI 08/06 H&S 19.44 +0.54 19.57 17 224K 200K 20.55
Buy Not Hit.
LAVA 08/07 DB hdl 20.78 +0.35 20.96 25.15 450K 1.2M 19.49
Buy Not Issued.
LLTC 07/23 Rv H&S 36.56 +0.35 37.35 44.85 3.5M 9M 35.55
Current. Still in the very nice pattern, edging higher.
LM 05/06 Cup hdl 70 +1.45 58.5 67.78 359K 610K 68.15
Current. Up on some rising volume as it continues the move up off the 50 day MVA.
MERX 07/15 Cup hdl 10.83 -0.17 10.52 12.75 125K 248K 10.14
Current.
MIL 08/05 Put 42.38 +0.14 42.02 39.15 328K 500K 43.14
Current. Doji below the 50 day MVA.
MKSI 07/21 Cup hdl 21.98 +0.93 22.25 27.95 214K 488K 21.68
Current. Excellent recovery off the 50 day MVA.
MKSI 07/14 Cup hdl 21.98 +0.93 22.8 27.95 214K 488K 21.68
Current.
MMSI 08/05 Test BO 27.52 +1.82 27.26 32.45 428K 183K 25.52
Current. Blasting higher on strong volume.
MWD 08/12 A Wedge 48.66 +0.52 49.54 55 4.4M 5.8M 47.28
New.
NENG 08/04 Test BO 4.82 +0.07 5.12 6.35 220K 232K 4.66
Current. Holding over the 18 day MVA on low volume.
ONNN 06/21 Test BO 3.47 +0.01 3 3.75 238K 900K 3.18
Current. Back up to 3.50, the prior high. Needs to take this level out, but struggling agin.
PFG 08/09 Put 32.04 +0.51 31.88 30 540K 1M 32.35
Current. Back up to the 10 day MVA on low volume for another test.
PG 08/02 H&S 89.41 +0.29 86.54 83 2.4M 4M 87.88
Buy Not Issued.
PMTI 08/06 BO 6.94 -0.25 6.59 7.91 116K 200K 5.96
Buy Not Issued.
RIMM 07/31 Cup hdl 25.12 +0.24 25.58 29.35 413K 2.5M 23.79
Buy Not Issued.
SNIC 08/11 Test BO 11.81 -0.1 12.08 14.55 648K 900K 11.15
Buy Not Issued.
SRA 08/04 Cup hdl 15.62 -0.03 16.74 20.12 186K 247K 15.57
Buy Not Hit.
TIWI 08/07 A Wedge 3.72 +0.17 4.06 5.65 161K 689K 3.75
Buy Not Hit. Tapped the 50 day MVA and rebounded. Still holding up.
TKLC 08/02 Test BO 14.5 +0.36 14.78 17.75 301K 1M 13.75
Buy Not Hit. Getting close to the breakout point but needs more volume.
TSCO 06/03 Rv H&S 55.75 +0.96 46.85 55.25 226K 603K 53.25
Current.
TSCO 04/24 Cup hdl 55.75 +0.96 43.75 52 226K 603K 53.25
Current.
TUES 08/06 Cup hdl 27.95 -0.07 28.88 34.65 167K 309K 26.94
Buy Not Hit.
VRTS 08/19 CCall 30.61 +0.76 19.76 20 4.8M 8.5M 29.06
Current.
VVTV 07/19 Cup hdl 16.85 +0.34 16.95 20.45 124K 250K 16.14
Current. A bit of volume up off the 18 day MVA.
XICO 07/02 A Wedge 8.95 +0.25 7.25 8.65 151K 172K 8.38
Current.
XOMA 07/28 Test BO 8.72 +0.32 8.35 10.24 815K 1.5M 7.85
Current. Still moving higher but on continued below average volume.
ZMH 08/09 Test BO 50.04 +0.92 50.62 59 2.1M 3M 47.88
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 recommendation
stock market recommendation
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