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us stock market, trade stock
Begin part 2 of 2
Continuing plays that look ready:
Upside:
Play Date: 07/26/2003
EMBT (Embarcadero Technologies--$8.48; +0.4; optionable): Business software
http://biz.yahoo.com/p/e/embt.html
STATUS: Cup w/handle. We have been keeping up with EMBT, and after a test below the 50 day MVA (7.57) on mostly very low volume that acted as a handle to the 7.5 month base, it is moving up on volume with trade shooting higher Thursday. Accumulation is excellent at 9 to 3. Huge money flow is leading higher. Ready for the move.
Volume: 599.563K Avg Volume: 189K
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
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: MWD; CCMP; LLTC; MIPS; NENG; ZMH
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AMEV 07/26 A Wedge 6.42 +0.16 5.75 6.88 22K 200K 5.68
Current. Still in good shape. Continuing the bounce off the 18 day but on lower vol
AMEV 06/07 Test BO 6.42 +0.16 4.75 6 22K 102K 5.68
Current.
ANSR 08/11 Cup hdl 3.36 -0.02 3.43 4.22 83K 350K 3.19
Current. Still in good shape. Pulling back on lower vol.
ARTG 08/12 Test 50 2.08 -0.04 2.18 2.62 468K 1M 1.98
Buy Not Issued. Pulling back on lower vol. Touched the 10 day MVA
ASPT 08/09 Test BO 7.9 +0.11 8.06 10.12 352K 791K 7.45
Current. Still in good shape. Tested 7.50 intraday moving up on lower vol
AVNX 08/14 Flat 4.36 +0.36 4.65 5.88 2.1M 2M 4.32
New.
BDY 07/16 Test BO 24.94 +1.74 19.58 23.25 384K 376K 18.88
Current. Still in good shape. Recovered yesterday's pullback but on lower vol. Letting the stock work for us
BEBE 07/01 Test BO 21.88 -0.67 20.9 24.95 133K 321K 21.62
Current. Pull back to the 18 day MVA on lower vol.
BHE 08/12 FlyPlat 41.5 +0.49 41.12 47.25 262K 550K 38.24
Buy Not Issued. Alert issued, but did not take position because vol was not there
BMRN 08/07 Put 8.07 -0.49 8.98 6.95 1.4M 1.3M 9.75
Buy Not Hit. Tanking but never rallied to buy point before rolling over on strong vol. On a break below 8 is an aggressive play down to 6 on continued strong vol
CB 08/09 Cup hdl 66.26 +0.56 66.06 75.97 1M 2.7M 63.04
Buy Not Issued. Alert issued, but did not take position because vol was not there. Still a buy if vol comes in
CCMP 08/13 Cup hdl 62.05 +0.21 63.25 72.55 410K 1.2M 59.95
Buy Not Hit. Rising on lower vol.
CELL 07/21 Cup hdl 28.54 +3.49 19.25 23.25 771K 225K 24.35
Current. Great move on stong vol
CHS 07/23 Test BO 27.34 -0.05 27.05 31.25 586K 2.2M 25.98
Current. Pull back on lower vol
CMTL 08/05 Put 16.29 -0.32 16.24 14.12 100K 450K 17.56
Buy Not Issued. Moving down on higher vol but still the vol is not there.
COLT 07/24 BO 6.05 +0.45 5.3 6.68 201K 200K 5.08
Current. Gapped higher on strong vol
CRAY 07/22 Test BO 11.98 +0.96 9.73 11.75 2.1M 1.4M 9.94
Current. Took half the gain off the table on this solid move.
CSC 08/04 DB hdl 40.5 +0.1 43.42 48.45 1.7M 2.4M 40.92
Current. Moved up on lower vol. Issued stop at 40.92
DCEL 08/05 Flat 7.19 +0.44 7.22 8.68 1.2M 726K 6.61
Current. Nice volume surge and break higher so reactivated and
issued an alert. Said we would keep an eye on it.
DKS 03/18 DB hdl 38 +0.2 23.81 28.42 113K 225K 35.94
Current.
DKS 02/19 DB hdl 38 +0.2 22.75 27.35 113K 225K 35.94
Current. Still in good shape. Bounce off 18 day MVA but on lower vol
DRL 08/11 Put 40.02 -0.69 43.2 40 784K 550K 44.44
Current. Gapped down on strong vol. Nice Move
ERICY 08/11 Test 18 14.35 -0.19 14.78 17.74 1.5M 5M 13.65
Buy Not Hit. Slight pull back on lower vol
FLSH 05/22 Test BO 16.18 +0.43 10.55 12.75 361K 195K 14.42
Current. Moving up on strong vol. Nice Move
FLSH 05/12 Rv H&S 16.18 +0.43 9.2 10.96 361K 195K 14.42
Current.
GNTA 08/06 H&S 12.57 +0.02 11.64 9.45 1.1M 1.1M 12.35
Buy Not Hit. Doji on the 18 day MVA on higher vol. Needs to break down from here on higher vol to remain a viable play
GPRO 06/17 A Wedge 59.05 -0.17 41.75 48 350K 766K 52.35
Current. Doji on lower vol. Still in good shape
GPRO 04/05 Dbl btm 59.05 -0.17 26.5 30.75 350K 521K 53.25
Current.
HBIO 08/14 Test BO 5.06 -0.11 5.22 6.54 42K 153K 4.78
New.
IDT 07/12 Cup hdl 17.52 +0.04 18.48 21.95 64K 200K 17.44
Buy Not Issued. Dojied on the 50 day MVA on lower vol. Needs to rise on higher vol to be a viable play.
IMA 07/28 A Wedge 19.74 -0.3 21.42 25.72 124K 115K 20.38
Buy Not Hit. Tested the 50 day MVA on higher vol. Needs to rise on higher vol to be a viable play
IMAN 07/16 Cup hdl 6.12 +0.12 5.52 7 967K 244K 5.13
Current. Up on lower vol than yesterday but still the move was on strong vol
ITRI 08/06 H&S 18.34 -0.29 19.57 17 429K 200K 20.55
Buy Not Hit. Tanking on strong vol. Needs to rally up to buy point. On a break below 18 down to 16 on strong vol would be an aggressive play.
LAVA 08/07 DB hdl 22.11 +0.57 21.85 26.25 840K 1.2M 20.32
Current. Entered the play at 20.96. Nice move up.
LFG 08/13 H&S 45.9 +0.15 45.48 42 104K 200K 46.74
Buy Not Issued. Moving up on lower vol. Will wait until the stock hits the buy point. Stock is shaping up nicely for the play.
LLTC 07/23 Rv H&S 37.65 +0.98 37.35 44.85 4.3M 9M 35.55
Current. Alert issued, but did not take a position because the vol was not there. Still at buy point if vol rises
LM 05/06 Cup hdl 70.53 +0.53 58.5 67.78 216K 610K 68.15
Current. Moving up on lower vol. Still in good shape
MERX 07/15 Cup hdl 11.26 +0.01 10.52 12.75 21K 248K 10.14
Current. Doji higher on lower vol. Still in good shape.
MIL 08/05 Put 42.52 +0.66 42.02 39.15 261K 500K 43.14
Current. Moves up on higher vol, but vol still lower than the 50 day moving average.
MIPS 08/13 Cup hdl 3.48 -0.06 3.69 4.65 35K 275K 3.28
Buy Not Hit. Moves down on lower vol. Will enter position if hits buy point on higher vol.
MKSI 07/21 Cup hdl 22.33 -0.17 22.25 27.95 271K 488K 21.68
Current. Doji lower on higher vol. Touched the 18 day MVA intraday. Still in good shape
MKSI 07/14 Cup hdl 22.33 -0.17 22.8 27.95 271K 488K 21.68
Current.
MMSI 08/05 Test BO 27.7 -0.06 27.26 32.45 216K 183K 25.52
Current. Gapped slightly down on the open but finished higher on lower vol. The stock finished lower. Still in good shape
MRBA 08/14 Cup hdl 3.78 +0.25 3.85 4.85 224K 215K 3.54
New.
MWD 08/12 A Wedge 48.61 +0.09 49.54 55 3.5M 5.8M 47.28
Buy Not Hit. Moved up on higher vol, but closed lower than opened. Still in good shape
NENG 08/04 Test BO 4.7 -0.1 5.12 6.35 154K 232K 4.66
Current. Doji on the 10 day MVA on lower vol. Touched the 18 day MVA intraday. Still in good shape
ONNN 06/21 Test BO 3.6 +0.16 3 3.75 351K 900K 3.18
Current. Nice moved up on higher vol.
PFG 08/09 Put 32.37 +0.49 31.88 30 1.1M 1M 32.35
Current. Rallied on stronger volume but closed well off the
high so let it ride to see if the big close off the
high results in a stronger rollover.
PG 08/02 H&S 88.97 -0.14 86.54 83 2.5M 4M 87.88
Buy Not Issued. Moved down on lower vol. Broke through the 18 day MVA intraday. Needs to move down on higher vol.
PMTI 08/06 BO 6.41 -0.59 6.59 7.91 105K 200K 5.96
Buy Not Issued. Down on higher vol. Almost touched the 18 day MVA intraday. If holds at 18 day MVA may still be a good play.
RIMM 07/31 Cup hdl 25.61 -0.1 25.58 29.35 1.3M 2.5M 23.79
Buy Not Issued. Doji lower on higher vol, however vol was still below average. Touched the 10 day MVA intraday. Will be a buy if hits buy point on higher vol
SNIC 08/11 Test BO 11.38 -0.43 12.08 14.55 271K 900K 11.15
Buy Not Issued. Pulled back to the 10 day MVA on lower vol. Will be a buy if hits buy point on higher vol
SRA 08/04 Cup hdl 15.69 +0.11 16.74 20.12 65K 247K 15.57
Buy Not Hit. Moving up on lower vol. Needs to move up to buy point on higher vol before we will enter the play.
TIWI 08/07 A Wedge 3.6 -0.1 4.06 5.65 58K 689K 3.75
Buy Not Hit. Broke through the 18 day MVA on slightly higher vol. Vol was still well below average.
TKLC 08/02 Test BO 15.8 +1.35 15.96 18.95 1.1M 1M 14.74
Current. Great Move on strong vol
TSCO 06/03 Rv H&S 58.01 +0.4 46.85 55.25 258K 603K 53.25
Current. Doji slightly higher on lower vol. Continue letting the stock run.
TSCO 04/24 Cup hdl 58.01 +0.4 43.75 52 258K 603K 53.25
Current.
TSYS 08/14 Test BO 3.01 +0.12 3.15 4 1.7M 120K 2.93
New.
TUES 08/06 Cup hdl 29.2 +0.8 28.88 34.65 181K 309K 26.94
Buy Not Issued. Although an alert was issued, we did not enter the play because the vol was not there. Will enter the play if the vol increases.
VRTS 08/19 CCall 31 +0.46 19.76 20 5.1M 8.5M 29.06
Current. Moving up on lower vol. Coninue to let the stock run.
VVTV 07/19 Cup hdl 16.85 +0.03 16.95 20.45 59K 250K 16.14
Current. Doji on the 10 day MVA on lower vol. Still looks good
XICO 07/02 A Wedge 8.95 -0.04 7.25 8.65 36K 172K 8.38
Current.
XOMA 07/28 Test BO 8.16 -0.11 8.35 10.24 774K 1.5M 7.85
Current. Slightly down on low vol. Still in great shape.
ZMH 08/09 Test BO 49.35 -0.1 50.62 59 2M 3M 47.88
Buy Not Hit. Down slightly on higher vol. Touched the 10 day MVA intraday. Still in good shape for a move up to buy point at higher vol.
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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