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stock watch, stock split
Begin part 2 of 2
THE PLAYS:
Friday good movers: AVNX; ONNN; XICO
New Plays:
Upside:
Play Date: 08/16/2003
AMT (American Tower--$9.98; +0.05; optionable): Telecom services
http://biz.yahoo.com/p/a/amt.html
STATUS: Cup w/handle. Forming the handle to a short, nice 7 week base sporting solid 3 to 1 accumulation (3 up price weeks on rising volume to 1 down price week on rising volume). This is the first real base since it started this excellent run from November. A breakout from this base puts it at another 52 week high; we really like it when stocks break past resistance as they then have some room to run for us. Solid money flow and relative strength ready for the next breakout.
Volume: 421.5K Avg Volume: 1.878M
BUY POINT: $10.42 Volume=2.8M Target=$12.55 Stop=$9.67
POSITION: AMT JB - Oct. $10c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/amt.html
Play Date: 08/16/2003
ANAD (Anadigics--$3.71; +0.03; no options): Semiconductor integrated circuits
http://biz.yahoo.com/p/a/anad.html
STATUS: Cup w/handle. Working through an 8.5 month base, now in the fourth week of the handle, the lower volume test lower where the last sellers are 'frustrated' out of a stock: they saw it rally up to the old high but then start to fade again. The sell to get out for fear of another selloff. Once they are gone the supply is gone and demand pushes it higher to the breakout. Accumulation in the base is a solid 9 to 4, setting the foundation for a breakout. Money flow is moving up and relative strength is ready to breakout, a sign that the stock is a better performer than most of the market. At the end of the week ANAD moved up off the 50 day MVA (3.37) on some rising volume. We are just going to be patient and let it finish the handle and provide the strong volume move through the buy point.
Volume: 245.6K Avg Volume: 447.636K
BUY POINT: $4.04 Volume=625K Target=$5.05 Stop=$3.74
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/anad.html
Play Date: 08/16/2003
FARO (Faro Technologies--$9.47; +0.32; no options): 3-D measuring instruments
http://biz.yahoo.com/p/f/faro.html
STATUS: 50 day MVA test. FARO exploded higher in late March and started a great 4 month rally to the upside, topping out at 10.98 in the last part of July. After the breakout and 4 runs up the short term MVA (10 and 18 day MVA), it is testing back to the 50 day MVA (8.30). This is typical action for a strong stock: breakout, running up the short term MVA, and then testing back to the 50 day to take a breather. This is the level where the big money comes in to take positions at a better price. If they do the stock starts back up on stronger volume. Friday, in a slow, low volume market, FARO was jumping higher and past the 10 and 18 day MVA (9.30, 9.28) on very strong volume. Excellent action and we are looking to pick it up off of this nice test.
Volume: 379.5K Avg Volume: 145.099K
BUY POINT: $9.58 Volume=220K Target=$11.52 Stop=$8.94
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/faro.html
Play Date: 08/16/2003
FINL (Finish Line--$25.64; -0.05; optionable): Apparel stores
http://biz.yahoo.com/p/f/finl.html
STATUS: Testing the breakout. FINL broke out of a big 15 month base in June and rallied into April. From there it rallied to 25 and then formed the current 5 week pattern, a small cup. It makde a big breakout Wednesday, but then faltered some as the marekt pulled back. It is showing a nice, orderly test of that breakout. We are looking to this as a nice entry point on this stock that has become a leader as have many retailers. Accumulation in the big base was a strong 17 to 11, setting a solid foundation for the breakout and for further moves from here.
Volume: 86.5K Avg Volume: 420.151K
BUY POINT: $26.25 Volume=625K Target=$31.54 Stop=$24.38
POSITION: IUL KE - Nov. $25c (60 delta) &/or Stock
http://www.investmenthouse.com/ci/finl.html
Continuing plays that look ready:
Upside:
Play Date: 08/13/2003
CCMP (Cabot Microelectronics--$62.05; 0.00; optionable): Chip making chemical slurries
http://biz.yahoo.com/p/c/ccmp.html
STATUS: Cup w/handle. Working on a breakout from a 3 month base sporting outstanding 12 to 6 accumulation (12 up weeks on rising volume to 6 down weeks on rising volume). Money flow remains strong and relative strength is ready for the breakout as well, an indication of the stock's strength even as the rest of the mrarket struggles to hang on.
Volume: 102.2K Avg Volume: 874.318K
BUY POINT: $63.25 Volume=1.2M Target=$72.55 Stop=$59.95
POSITION: UKR JL - Oct. $60c (61 delta) or UKR JM - Oct. $65c (40 delta) &/or Stock
http://www.investmenthouse.com/ci/ccmp.html
Play Date: 08/14/2003
MRBA (Marimba--$3.66; -0.12; no options): Internet services
http://biz.yahoo.com/p/m/mrba.html
STATUS: Breakout. After the strong days Wednesday and Thursday on a sharp jump in trade, MRMB edged back Friday on lower, average volume. That average volume is still something given the overall session. In any event MRBA is still holding the breakout from its short 8 week cup with handle base. Positive 2 to 1 accumulation in the short base accompanied by super money flow and a relative strength breakout. Again, tis has the look of a very exciting play for us.
Volume: 150K Avg Volume: 148.983K
BUY POINT: $3.85 Volume=215K Target=$4.85 Stop=$3.54
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/mrba.html
Play Date: 08/11/2003
SNIC (Sonic Solutions--$11.8; +0.42; optionable): Business software
http://biz.yahoo.com/p/s/snic.html
STATUS: Testing the breakout. A quick test of the 18 day MVA (10.92) and SNIC was up Friday with a good surge. This is a very nice breakout test after SNIC moved out of a 14 month base in late July and soared to 13. Great accumulation and money flow, and a relative strength breakout.
Volume: 222.883K Avg Volume: 628.028K
BUY POINT: $12.08 Volume=900K Target=$14.55 Stop=$11.15
POSITION: QNI KV - Nov. $12.50c (50 delta) &/or Stock
http://www.investmenthouse.com/ci/snic.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: CCMP; ERICY; HBIO; LLTC; MRBA; WMD; TSYS
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AMEV 07/26 A Wedge 6.47 +0.05 5.75 6.88 23K 200K 5.89
Current. Moves up on higher volume. Volume still below average. Stock is still in good shape.
AMEV 06/07 Test BO 6.47 +0.05 4.75 6 23K 102K 5.89
Current.
ANSR 08/11 Cup hdl 3.32 -0.03 3.43 4.22 17K 350K 3.19
Current. Moves slightly down on lower volume.
ARTG 08/12 Test 50 2.04 -0.04 2.26 2.72 166K 1M 1.98
Buy Not Issued. Moves down on lower volume. Touches the 18 day MVA intraday. Waiting for bounce with higher volume.
ASPT 08/09 Test BO 7.53 -0.37 8.06 10.12 196K 791K 7.38
Current. Broke through the 10 day MVA on lower volume to touch the 18 day MVA. Still in good shape.
AVNX 08/14 Flat 4.71 +0.35 4.68 5.92 1.5M 2M 4.26
Current. We entered the play for a great move up on above average volume.
BDY 07/16 Test BO 24.19 -0.75 19.58 23.25 134K 376K 22.02
Current. Moves down on lower volume. Still in good shape.
BEBE 07/01 Test BO 21.83 -0.05 20.9 24.95 74K 321K 21.62
Current. Moves down on lower volume. Touches the 50 day MVA intraday. Still in good shape.
BHE 08/12 FlyPlat 41 -0.5 41.12 47.25 149K 550K 38.24
Buy Not Issued. Moves down slightly on lower volume.
BMRN 08/07 Put 8.25 +0.18 8.98 6.95 801K 1.3M 9.75
Buy Not Hit. Moves up on lower volume. Waiting for another bounce with lower volume. Setting up nicely.
CB 08/09 Cup hdl 65.86 -0.4 66.06 75.97 397K 2.7M 63.04
Buy Not Issued. Slight pull back on lower volume. Touched the 10 day MVA intraday.
CCMP 08/13 Cup hdl 62.05 0 63.25 72.55 102K 1.2M 59.95
Buy Not Hit. Doji on lower volume. Touched the 10 day MVA intraday.
CELL 07/21 Cup hdl 28.45 -0.09 19.25 23.25 301K 225K 24.94
Current. Doji down on lower volume. Continue to hold Thursday's strong move up.
CHS 07/23 Test BO 27.35 +0.01 27.05 31.25 296K 2.2M 26.56
Current. Moves up on lower volume; however,closes lower than the open. Still in good shape.
CMTL 08/05 Put 16.25 -0.04 16.24 14.12 54K 450K 17.56
Buy Not Issued. Moving laterally over 16, not making the fall. Dropping.
COLT 07/24 BO 6.05 0 5.3 6.68 38K 200K 5.52
Current. Gapped up on higher volume on Thursday. Held the gain today.
CRAY 07/22 Test BO 12.25 +0.27 9.73 11.75 604K 1.4M 11.04
Current. Moved higher on low volume. Continue to let the stock work for us.
CSC 08/04 DB hdl 40.45 -0.05 43.42 48.45 608K 2.4M 40.92
Current. Moved down on lower volume. Touched the 50 day MVA intraday. Still in good shape.
DCEL 08/05 Flat 7.1 -0.09 7.22 8.68 295K 726K 6.61
Current. Moved down on lower volume. Touched the 10 day MVA intraday.
DKS 03/18 DB hdl 38.49 +0.49 23.81 28.42 97K 225K 35.94
Current. Moved up on lower volume. Touched the 10 day MVA intraday. Continue to let the stock work for us.
DKS 02/19 DB hdl 38.49 +0.49 22.75 27.35 97K 225K 35.94
Current.
DRL 08/11 Put 41.11 +1.09 43.2 40 305K 550K 44.44
Target Hit. Tank early and we took the gain. As it bounced we are glad we did.
EMBT 07/26 Cup hdl 8.26 -0.22 8.75 10.48 31K 400K 8.14
Buy Not Hit. Moved down on lower volume. Touched the 10 day MVA intraday.
ERICY 08/11 Test 18 14.29 -0.06 14.78 17.74 817K 5M 13.65
Buy Not Hit. Slight pull back on lower volume. Touched the 10 day MVA intraday. Waiting for the bounce with higher volume.
FLSH 05/22 Test BO 16.09 -0.09 10.55 12.75 104K 195K 14.92
Current. Slight move down on lower volume.
FLSH 05/12 Rv H&S 16.09 -0.09 9.2 10.96 104K 195K 14.92
Current.
GNTA 08/06 H&S 12.49 -0.08 11.64 9.45 665K 1.1M 12.35
Buy Not Hit. Moved down on lower volume. Needs to move down on higher volume to be a viable play.
GPRO 06/17 A Wedge 59.95 +0.9 41.75 48 167K 766K 54.98
Current. Moved up on low volume. Continue to let the stock work for us.
GPRO 04/05 Dbl btm 59.95 +0.9 26.5 30.75 167K 521K 54.98
Current.
HBIO 08/14 Test BO 5.11 +0.05 5.1 6.54 39K 153K 4.74
Current. Low volume, but started a bounce off the 10 day so
snuck in with a partial position late in the session.
IDT 07/12 Cup hdl 17.57 +0.05 18.48 21.95 3.5K 200K 17.44
Buy Not Issued. Will keep an eye on it as it tests the 50 day MVA,
but dropping for now.
IMA 07/28 A Wedge 19.99 +0.25 21.42 25.72 34K 115K 20.38
Buy Not Hit. Closed on the 50 day MVA on low volume. Broke through the 50 day MVA intraday.
IMAN 07/16 Cup hdl 6.03 -0.09 5.52 6.45 583K 244K 5.48
Current. Slight pull back on low volume. Continues to hold the big gain from Wednesday's news that IWOV will purchase IMAN. We have lowered the target to 6.45.
ITRI 08/06 H&S 20 +1.66 19.57 17 637K 200K 20.55
Buy Not Hit. Up on rising volume without tanking, so dropping.
LAVA 08/07 DB hdl 21.77 -0.34 21.85 26.25 194K 1.2M 20.32
Current. Doji slightly down on low volume. Still in good shape.
LFG 08/13 H&S 45.46 -0.44 45.48 42 58K 200K 46.74
Buy Not Issued. Moved down on lower volume. Needs to rally up to buy point on low volume to be a viable play.
LLTC 07/23 Rv H&S 37.64 -0.01 37.35 44.85 2.1M 9M 36.22
Current. Moved down on low volume. Continued to hold the gain from Thursday.
LM 05/06 Cup hdl 70.66 +0.13 58.5 67.78 108K 610K 68.88
Current. Moved up on low volume. Continue to let the stock work for us.
MERX 07/15 Cup hdl 11.4 +0.14 10.52 12.75 15K 248K 10.52
Current. Moved up on low volume. Touched the 10 day MVA intraday. Continue to let the stock work for us.
MIL 08/05 Put 42.62 +0.1 42.02 39.15 78K 500K 43.14
Current. Continues to move laterally this week. Moves up on low volume.
MIPS 08/13 Cup hdl 3.27 -0.21 3.69 4.65 22K 275K 3.28
Buy Not Hit. Dropped to rest on the 50 day MVA on low volume. Will watch stock to see if bounces on higher volume.
MKSI 07/21 Cup hdl 22.48 +0.14 22.25 27.95 57K 488K 21.68
Current. Moved up on low volume. Continue to let stock work for us.
MKSI 07/14 Cup hdl 22.48 +0.14 22.8 27.95 57K 488K 21.67
Current.
MMSI 08/05 Test BO 20.77 0 20.44 24.33 129K 183K 20.04
Current. Split before the market opened today. Doji slightly lower on low volume. Continued to hold the gain on Tuesday.
MRBA 08/14 Cup hdl 3.66 -0.12 3.85 4.85 150K 215K 3.54
Buy Not Hit. Moved down on lower volume
MWD 08/12 A Wedge 48.64 +0.03 49.54 55 1.8M 5.8M 47.28
Buy Not Hit. Doji slightly higher on low volume.Touched the 10 day MVA intraday. Looking for a bounce to the buy point on higher volume.
NENG 08/04 Test BO 4.85 +0.15 5.12 6.35 284K 232K 4.66
Current. Bounced off the 10 day MVA on higher volume. This could be the bounce we are looking for.
ONNN 06/21 Test BO 3.7 +0.1 3 3.75 237K 900K 3.18
Current. Nice move up, but on lower volume. Continue to let the stock work for us.
PFG 08/09 Put 32.36 -0.01 31.88 30 343K 1M 32.35
Current. Bumping up against the stop. Needs to fail here. Turned
over Friday, but very low volume.
PG 08/02 H&S 89.12 +0.15 86.54 83 1.4M 4M 87.88
Buy Not Issued. Dropping for now but it has been unable to break over
the simple 50 day. Still too close to the 200 day MVA.
PMTI 08/06 BO 6.6 +0.19 6.59 7.91 35K 200K 5.96
Buy Not Issued. Moved up on low volume. Stock will need to recover on higher volume to become a viable play.
RIMM 07/31 Cup hdl 25.97 +0.36 26.25 30 508K 2.5M 24.48
Buy Not Issued. Moved up on lower volume.
SNIC 08/11 Test BO 11.8 +0.42 12.08 14.55 223K 900K 11.15
Buy Not Issued. Opened lower on the 18 day MVA to close with a gain however on low volume.
SRA 08/04 Cup hdl 15.83 +0.14 16.74 20.12 14K 247K 15.57
Buy Not Hit. Gapped higher on lower volume. Needs to move up on higher volime to be a viable play.
TIWI 08/07 A Wedge 3.68 +0.08 4.06 5.65 67K 689K 3.75
Buy Not Hit. Bounced up from the simple 50 day MVA to close under the 10 day MVA. The volume was higher but still well below average.
TKLC 08/02 Test BO 15.46 -0.34 15.96 18.95 178K 1M 14.74
Current. Pull back on low volume. Gave a little bit back from Thursday's gap on strong volume.
TSCO 06/03 Rv H&S 58.2 +0.19 46.85 55.25 95K 603K 54.94
Current. Moved up on lower volume. Continue to let the stock work for us.
TSCO 04/24 Cup hdl 58.2 +0.19 43.75 52 95K 603K 54.94
Current.
TSYS 08/14 Test BO 3.05 +0.04 3.15 4 123K 120K 2.93
Buy Not Issued. Moved up on low volume. Stock reached the buy point however we did not enter the play because the volume was not there.
TUES 08/06 Cup hdl 29.38 +0.18 28.88 34.65 107K 309K 26.94
Buy Not Issued. Stock continued to move up on lower volume. We did not enter the play because the volume was not there.
VRTS 08/19 CCall 31.35 +0.35 19.76 20 4.1M 8.5M 29.06
Current. Moved up on lower volume. Continue to let the stock work for us.
VVTV 07/19 Cup hdl 16.92 +0.07 16.95 20.45 29K 250K 16.39
Current. Bounced off the 10 day MVA on low volume. Still in good shape.
XICO 07/02 A Wedge 9.2 +0.25 7.25 8.65 68K 172K 8.59
Current. Moved up on higher volume, but volume is still below average. Took a partial gain in July. Continue to let the remaining position run.
XOMA 07/28 Test BO 8.32 +0.16 8.35 10.24 491K 1.5M 7.85
Current. Moved up on low volume. Still in good shape.
ZMH 08/09 Test BO 48.7 -0.65 50.62 59 1.2M 3M 47.88
Buy Not Hit. Broke down through the 10 day MVA and touched the 18 day MVA intraday. Will continue to watch the stock as it tests the 18 day MVA.
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 watch
stock split
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