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stock recommendation, stock market recommendation
Begin part 2 of 2
Continuing plays that look ready:
Upside:
Play Date: 08/11/2003
ERICY (LM Ericsson Telephone--$14.54; +0.21; optionable): Telecom equipment
http://biz.yahoo.com/p/e/ericy.html
STATUS: Testing the 18 day MVA. Volume was up Wednesday as ERICY continued the move up off the 18 day MVA (13.70). Broke from a nice 7.5 month base in July and this is a good test. Just needs to get some more volume. Good accumulation in the prior base at 8 to 3 (8 up price weeks on rising volume to 3 down price weeks on rising volume).
Volume: 2.54M Avg Volume: 3.871M
BUY POINT: $14.78 Volume=5M Target=$17.74 Stop=$13.65
POSITION: RQC JV - Oct. $12.50c (68 delta) &/or Stock
http://www.investmenthouse.com/ci/ericy.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 0 0 372 354 0 0 377
Buy Not Issued.
AMEV 07/26 A Wedge 6.26 +0.26 5.75 6.88 42K 200K 5.68
Current. Moving up off the 18 day MVA on some rising though still well below average volume.
AMEV 06/07 Test BO 6.26 +0.26 4.75 6 42K 102K 5.68
Current.
ANSR 08/11 Cup hdl 3.38 -0.05 3.43 4.22 302K 350K 3.19
Current. Tried to continue the strong Tuesday move but ended up giving some back. Still solid.
ARTG 08/12 Test 50 2.12 0 2.18 2.62 754K 1M 1.98
Buy Not Issued.
ASPT 08/09 Test BO 7.79 -0.17 8.06 10.12 746K 791K 7.45
Current. Tried the next breakout move the past two days but did not making it.
BDY 07/16 Test BO 23.2 -1.5 19.58 23.25 614K 376K 18.88
Current. Gapped higher again but then gave the move back and much of the Tuesday move.
BEBE 07/01 Test BO 22.55 +0.05 20.9 24.95 134K 321K 21.62
Current. Nice bounce off the 50 day MVA this week. A good recovery but will need to clear 23.25 to make any further headway.
BHE 08/12 FlyPlat 41.01 +0.46 41.12 47.25 284K 550K 38.24
Buy Not Issued. Jumped up but volume was not there yet.
BMRN 08/07 Put 8.56 +0.01 8.98 6.95 529K 1.3M 9.75
Buy Not Hit.
CB 08/09 Cup hdl 65.7 +0.21 66.06 75.97 926K 2.7M 63.04
Buy Not Issued.
CCMP 08/13 Cup hdl 61.84 -0.3 63.25 72.55 505K 1.2M 59.95
New.
CELL 07/21 Cup hdl 25.05 +0.01 19.25 23.25 119K 225K 24.35
Current. Nice doji at the 10 day MVA. Looks ready to make the next move.
CHS 07/23 Test BO 27.39 -0.06 27.05 31.25 610K 2.2M 25.98
Current. Still working laterally over the 10 day MVA. Disappointing it could not continue the move. Giving it some room here but not going to let it roll over.
CMTL 08/05 Put 16.61 -0.12 16.24 14.12 75K 450K 17.56
Buy Not Issued.
CMVT 08/02 Dbl Top 14.6 +0.16 13.85 11.85 2M 3.5M 14.24
Exited.
COLT 07/24 BO 5.6 +0.28 5.3 6.68 62K 200K 5.08
Current. Gapped higher on some solid volume. Good action.
CRAY 07/22 Test BO 11.02 +0.02 9.73 11.75 670K 1.4M 9.94
Current. Still moving up off the 18 day MVA, but slowed to a crawl Wednesday.
CSC 08/04 DB hdl 40.4 -3.22 43.42 48.45 5.1M 2.4M 40.92
Current. Tanked to support at 40. Looking for a reflex bound toward 41 to exit.
DKS 03/18 DB hdl 37.8 -0.16 23.81 28.42 167K 225K 35.94
Current. Nice doji on the 10 day MVA on low volume.
DKS 02/19 DB hdl 37.8 -0.16 22.75 27.35 167K 225K 35.94
Current.
DRL 08/11 Put 40.85 -2.01 43.2 40 1.1M 550K 44.44
Current. Diving on high volume.
ERICY 08/11 Test 18 14.54 +0.21 14.78 17.74 2.5M 5M 13.65
Buy Not Hit.
FLSH 05/22 Test BO 15.75 +0.5 10.55 12.75 361K 195K 14.42
Current. Nice volume move up off the 18 day MVA continues.
FLSH 05/12 Rv H&S 15.75 +0.5 9.2 10.96 361K 195K 14.42
Current.
GNTA 08/06 H&S 12.55 +0.24 11.64 9.45 705K 1.1M 12.35
Buy Not Hit.
GPRO 06/17 A Wedge 59.22 +2.22 41.75 48 580K 766K 52.35
Current. Surging higher yet again.
GPRO 04/05 Dbl btm 59.22 +2.22 26.5 30.75 580K 521K 53.25
Current.
IDT 07/12 Cup hdl 17.48 -0.02 18.48 21.95 102K 200K 17.44
Buy Not Issued.
IMA 07/28 A Wedge 20.04 -0.21 21.42 25.72 26K 115K 20.38
Buy Not Hit.
IMAN 07/16 Cup hdl 6 +0.6 5.52 7 2M 244K 5.13
Current. Excellent surge higher.
INTU 06/26 Put 44.06 +0.64 41.8 38.05 2.5M 6M 43.68
Exited.
ITRI 08/06 H&S 18.63 -0.81 19.57 17 281K 200K 20.55
Buy Not Hit.
LAVA 08/07 DB hdl 21.54 +0.76 20.96 25.15 885K 1.2M 19.49
Buy Not Issued. Considered entering at the close but as it turned back
from the recent intraday high we decided to wait &
see if it could put together another strong session again.
LFG 08/13 H&S 45.75 -0.81 45.48 42 226K 200K 46.74
New.
LLTC 07/23 Rv H&S 36.67 +0.11 37.35 44.85 4.8M 9M 35.55
Current.
LM 05/06 Cup hdl 70 0 58.5 67.78 350K 610K 68.15
Current. Holding at 70, unable to clear that resistance thus far.
MERX 07/15 Cup hdl 11.25 +0.42 10.52 12.75 131K 248K 10.14
Current. Up off the 10 day MVA though on lower volume.
MIL 08/05 Put 41.86 -0.52 42.02 39.15 218K 500K 43.14
Current. Turning back down but needs to break through 42.
MIPS 08/13 Cup hdl 3.54 +0.15 3.69 4.65 194K 275K 3.28
New.
MKSI 07/21 Cup hdl 22.5 +0.52 22.25 27.95 184K 488K 21.68
Current. Still working up off the 50 day MVA as it follow through on that bounce.
MKSI 07/14 Cup hdl 22.5 +0.52 22.8 27.95 184K 488K 21.68
Current.
MMSI 08/05 Test BO 27.76 +0.24 27.26 32.45 295K 183K 25.52
Current. Tried to really extend the run but then gave it all back with a big doji. Don't like that action, but still in a good position.
MWD 08/12 A Wedge 48.52 -0.14 49.54 55 3.3M 5.8M 47.28
Buy Not Hit. Still getting ready.
NENG 08/04 Test BO 4.79 -0.02 5.12 6.35 198K 232K 4.66
Current. tightening up well over the 18 day MVA on low volume.
ONNN 06/21 Test BO 3.44 -0.03 3 3.75 223K 900K 3.18
Current. Stalling at resistance at 3.50.
PFG 08/09 Put 31.88 -0.16 31.88 30 573K 1M 32.35
Current. Looks ready to turn back down yet again.
PG 08/02 H&S 89.11 -0.3 86.54 83 2.6M 4M 87.88
Buy Not Issued.
PMTI 08/06 BO 7 +0.06 6.59 7.91 81K 200K 5.96
Buy Not Issued.
RIMM 07/31 Cup hdl 25.71 +0.59 25.58 29.35 1.2M 2.5M 23.79
Buy Not Issued.
SNIC 08/11 Test BO 11.81 0 12.08 14.55 347K 900K 11.15
Buy Not Issued.
SRA 08/04 Cup hdl 15.58 -0.04 16.74 20.12 335K 247K 15.57
Buy Not Hit.
TIWI 08/07 A Wedge 3.7 -0.02 4.06 5.65 39K 689K 3.75
Buy Not Hit.
TKLC 08/02 Test BO 14.45 -0.05 14.78 17.75 177K 1M 13.75
Buy Not Hit. Still forming up nicely over the 10 day MVA.
TSCO 06/03 Rv H&S 57.61 +1.86 46.85 55.25 487K 603K 53.25
Current. Nice surge higher as TSCO starts another stronger volume move.
TSCO 04/24 Cup hdl 57.61 +1.86 43.75 52 487K 603K 53.25
Current.
TUES 08/06 Cup hdl 28.4 +0.45 28.88 34.65 160K 309K 26.94
Buy Not Hit. Edging toward a breakout but needs some volume.
VRTS 08/19 CCall 30.54 -0.07 19.76 20 4.9M 8.5M 29.06
Current.
VVTV 07/19 Cup hdl 16.82 -0.03 16.95 20.45 273K 250K 16.14
Current. Still working laterally over the 18 day MVA with a very big volume spike Wednesday. We are watching closely given this get ready spike.
XICO 07/02 A Wedge 8.99 +0.04 7.25 8.65 84K 172K 8.38
Current. Nice lateral move at 9.
XOMA 07/28 Test BO 8.27 -0.45 8.35 10.24 2.6M 1.5M 7.85
Current. Dropped to the 10 day MVA on strong volume but held, showing a big doji at that level.
ZMH 08/09 Test BO 49.45 -0.59 50.62 59 1.6M 3M 47.88
Buy Not Hit. Pulled back Wednesday on lower volume, but still in good shape for the breakout.
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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