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stock watch, stock recommendation
Begin part 2 of 2
Continuing plays that look ready:
Play Date: 08/12/2003
MWD (Morgan Stanley--$49.19; +0.55; optionable): Investment brokerage
http://biz.yahoo.com/p/m/mwd.html
STATUS: Ascending triangle. Volume moved up Monday in the 2 month baes as MWD tapped the 18 day MVA on the low (47.93) and then posted a nice gain. It is still working toward the breakout, but the higher low off the 18 day is a good sign that the stock is ready to at least try a breakout.
Volume: 4.101M Avg Volume: 5.332M
BUY POINT: $49.54 Volume=5.8M Target=$55 Stop=$47.28
POSITION: MWD JI - Oct. $45c (77 delta)
http://www.investmenthouse.com/ci/mwd.html
Play Date: 08/09/2003
ZMH (Zimmer Holdings--$48.87; +0.17; optionable): Medical appliances
http://biz.yahoo.com/p/z/zmh.html
STATUS: Cup w/handle. Testing the breakout to a 5 month base, ZMH is forming another handle with this pullback, holding the 18 day MVA (48.40) on the move back and then starting higher Monday on rising, above average volume. Accumulation is a solid 7 to 3 in the base. Excellent money flow supporting the move. Looking for a high volume move to deliver the breakout.
Volume: 2.265M Avg Volume: 2.015M
BUY POINT: $50.62 Volume=3M Target=$59 Stop=$47.88
POSITION: ZMH LJ - Dec. $50c (50 delta) &/or Stock
http://www.investmenthouse.com/ci/zmh.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: ANAD; ASPT; EMBT; FINL; MRBA; MWD; SNIC; SRA; ZMH
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AMEV 07/26 A Wedge 6.5 +0.03 5.75 6.88 8K 200K 5.89
Current. Moved up on very low volume. Still in good shape.
AMEV 06/07 Test BO 6.5 +0.03 4.75 6 8K 102K 5.89
Current.
AMT 08/16 Cup hdl 10.71 +0.73 10.64 12.77 2.3M 2.8M 9.85
Current. Great move on good volume.
ANAD 08/16 Cup hdl 3.98 +0.27 4.04 5.05 415K 625K 3.74
Buy Not Hit. Moved up on higher volume. Volume needs to increase to make this a viable play.
ANSR 08/11 Cup hdl 3.2 -0.12 3.43 4.22 151K 350K 3.19
Current. Moved down to close on the 10 day MVA on higher volume. Touched the 18 day MVA intraday. Still in good shape.
ARTG 08/12 Test 50 2.1 +0.06 2.26 2.72 325K 1M 1.98
Buy Not Issued. Doji up on higher volume. Touched the 10 day MVA intraday. Volume is still not there.
ASPT 08/09 Test BO 7.99 +0.46 8.06 10.12 1.4M 791K 7.38
Current. Opened on the 18 day MVA and had a good move up on strong volume. Broke through the 18 day MVA intraday. Still in good shape
AVNX 08/14 Flat 4.76 +0.05 4.68 5.92 1.4M 2M 4.26
Current. Moved up on lower volume. Letting the stock work for us.
BDY 07/16 Test BO 24.48 +0.29 19.58 23.25 224K 376K 22.02
Current. Moved up on higher volume.
BEBE 07/01 Test BO 21.73 -0.1 20.9 24.95 183K 321K 21.62
Current. Moved down on higher volume to close right under the 18 day MVA. Volume is still below average. Still in good shape
BHE 08/12 FlyPlat 42.43 +1.43 41.12 47.25 404K 550K 38.24
Buy Not Issued. Great move up on higher volume.
BMRN 08/07 Put 8.14 -0.11 8.98 6.95 1.3M 1.3M 9.75
Buy Not Hit. Moved down on higher volume. Stock needs to rally before we enter the play.
CB 08/09 Cup hdl 66.91 +1.05 66.06 75.97 1.1M 2.7M 63.04
Buy Not Issued. Moved down on higher volume. Watching for another move down on higher volume before we will enter the play.
CCMP 08/13 Cup hdl 65.44 +3.39 65.5 74.88 1.2M 1.2M 62
Current. Great move up on strong volume.
CELL 07/21 Cup hdl 31.6 +3.15 19.25 23.25 1M 225K 24.94
Current. Great move up on strong volume.
CHS 07/23 Test BO 28.05 +0.7 27.05 31.25 640K 2.2M 26.56
Current. Good move up on higher volume. Continue to let the stock work for us.
COLT 07/24 BO 6.14 +0.09 5.3 6.68 96K 200K 5.52
Current. Moved up on higher volume.
CRAY 07/22 Test BO 12.35 +0.1 9.73 11.75 1M 1.4M 11.04
Current. Moved up on higher volume. Let the stock work for us.
CSC 08/04 DB hdl 41.43 +0.98 43.42 48.45 1.7M 2.4M 40.92
Current. Gapped up to open on the 18 day MVA and broke out of the 10 day MVA. Volume was average.
DCEL 08/05 Flat 7.11 +0.01 7.22 8.68 315K 726K 6.61
Current. Although finished positive, the stock closed lower than the open. Touched the 10 day MVA. The volume was average.
DKS 03/18 DB hdl 41.43 +2.94 23.81 28.42 1.1M 225K 35.94
Current. Great move up on strong volume.
DKS 02/19 DB hdl 41.43 +2.94 22.75 27.35 1.1M 225K 35.94
Current.
EMBT 07/26 Cup hdl 8.32 +0.06 8.75 10.48 64K 400K 8.14
Buy Not Hit. Moved up on higher volume, but still lower than average. Wide swings higher and lower intraday.
ERICY 08/11 Test 18 14.87 +0.58 14.82 17.74 1.9M 5M 13.82
Current. Good move up on higher volume. Letting the stock work for us.
FARO 08/16 Test 50 10.36 +0.89 9.58 11.52 254K 220K 8.94
Current. Continued the nice volume move off the 50 day MVA.
FINL 08/16 Test BO 25.98 +0.34 26.25 31.54 341K 625K 24.38
Buy Not Hit. Opened down but closed positive with above average volume. Touched the 10 day MVA intraday.
FLSH 05/22 Test BO 16.2 +0.11 10.55 12.75 195K 195K 14.92
Current. Moved up on higher volume. Touched the 10 day MVA intraday.
FLSH 05/12 Rv H&S 16.2 +0.11 9.2 10.96 195K 195K 14.92
Current.
GNTA 08/06 H&S 13.2 +0.71 11.64 9.45 1.5M 1.1M 12.35
Buy Not Hit. Moving up on higher volume.
GPRO 06/17 A Wedge 62.08 +2.13 41.75 48 341K 766K 54.98
Current. Nice move up on higher volume. Continue to let stock work for us.
GPRO 04/05 Dbl btm 62.08 +2.13 26.5 30.75 341K 521K 54.98
Current.
HBIO 08/14 Test BO 5.1 -0.01 5.1 6.54 79K 153K 4.74
Current. Gapped higher at the open, but closed down on higher volume. Touched the 10 day MVA intraday. Still in good shape.
IMA 07/28 A Wedge 20 +0.01 21.42 25.72 67K 115K 20.38
Buy Not Hit. Doji up on higher volume. Went up to touch the 18 day MVA intraday.
IMAN 07/16 Cup hdl 6.13 +0.1 5.52 7 952K 244K 5.48
Current. Moved up on higher volume.
INTC 08/18 FlyPlt 26.19 +1.14 25.88 30.95 5.9M 75M 24.55
Current. Kept an eye on it and issued alert when it hit buy point.
LAVA 08/07 DB hdl 21.89 +0.12 21.85 26.25 325K 1.2M 20.32
Current. Doji up on higher volume, but still below average. Still in good shape.
LFG 08/13 H&S 46.05 +0.59 45.48 42 115K 200K 46.74
Buy Not Issued. Moved up on higher volume. Broke through the exponential 50 day MVA intraday. Stock needs to tank on higher volume before it will be viable play.
LLTC 07/23 Rv H&S 39.31 +1.67 37.35 44.85 5.2M 9M 36.22
Current. Great move on strong volume.
LM 05/06 Cup hdl 71.28 +0.62 58.5 67.78 287K 610K 68.88
Current. Continued to moved up on higher volume.
MERX 07/15 Cup hdl 12.03 +0.63 10.52 12.75 123K 248K 10.52
Current. Good move up on higher volume. Letting the stock continue to work for us.
MIL 08/05 Put 43.57 +0.95 42.02 39.15 590K 500K 43.14
Current. Broke out on stronger volume. Will wait for it to test the 50 day before we exit the play.
MIPS 08/13 Cup hdl 3.49 +0.22 3.69 4.65 43K 275K 3.28
Buy Not Hit. Moved up on higher volume, but still well below average. Broke through the 18 day MVA intraday.
MKSI 07/21 Cup hdl 23.85 +1.37 22.25 27.95 255K 488K 21.68
Current. Great move on higher volume.
MKSI 07/14 Cup hdl 23.85 +1.37 22.8 27.95 255K 488K 21.67
Current. Doji up on higher volume.
MMSI 08/05 Test BO 21 +0.23 20.44 24.33 244K 183K 20.04
Current. Doji up on higher volume. Still in good shape.
MRBA 08/14 Cup hdl 3.68 +0.02 3.85 4.85 163K 215K 3.54
Buy Not Hit. Doji up on higher volume. Still in good shape.
MWD 08/12 A Wedge 49.19 +0.55 49.54 55 4.1M 5.8M 47.28
Buy Not Issued. Moved up on higher volume, but still below average. Touched the 18 day MVA intraday.
NENG 08/04 Test BO 5.25 +0.4 5.12 6.35 1.8M 232K 4.66
Current. Great move on strong volume.
ONNN 06/21 Test BO 3.75 +0.05 3 3.75 252K 900K 3.18
Current. Continued to move up on slightly higher volume. Letting the stock work for us.
PFG 08/09 Put 32.53 +0.17 31.88 30 542K 1M 32.35
Current. Moved up on higher volume, but still well below average. Still in good shape.
PMTI 08/06 BO 6.35 -0.25 6.59 7.91 170K 200K 5.96
Buy Not Issued. Broke through the 10 day MVA on higher volume. Broke through the 18 day MVA intraday.
RIMM 07/31 Cup hdl 27.52 +1.55 27.52 31.25 2M 2.5M 25.55
Current. Upgraded and posted a good volume move.
SNIC 08/11 Test BO 11.95 +0.15 12.08 14.55 455K 900K 11.15
Buy Not Issued. Moved up on higher volume. Touched below the 10 day MVA intraday.
SRA 08/04 Cup hdl 15.86 +0.03 16.74 20.12 96K 247K 15.57
Buy Not Hit. Moved up on higher volume, but still below average. Broke through the 18 day MVA intraday.
TIWI 08/07 A Wedge 3.59 -0.09 4.06 5.65 84K 689K 3.75
Buy Not Hit. Moved down on higher volume. Continue to watch the stock.
TKLC 08/02 Test BO 15.6 +0.14 15.96 18.95 590K 1M 14.74
Current. Moved up on higher volume.
TSCO 06/03 Rv H&S 61.95 +3.7 46.85 55.25 526K 603K 54.94
Current. Great move up on strong volume.
TSCO 04/24 Cup hdl 61.95 +3.7 43.75 52 526K 603K 54.94
Current.
TSYS 08/14 Test BO 2.95 -0.1 3.15 4 51K 120K 2.93
Buy Not Issued. Closed down to test the 18 day MVA on low volume.
TUES 08/06 Cup hdl 31.04 +1.66 30.68 36.78 578K 309K 28.53
Current. Excellent volume breakout.
VRTS 08/19 CCall 32.2 +0.85 19.76 20 5.5M 8.5M 29.06
Current. Great move on higher volume.
VVTV 07/19 Cup hdl 17 +0.08 16.95 20.45 188K 250K 16.39
Current. Break out over the 10 day MVA on strong volume.
XICO 07/02 A Wedge 9.33 +0.13 7.25 8.65 89K 172K 8.59
Current. Continue to move up on higher volume. Letting the stock work for us.
XOMA 07/28 Test BO 8.93 +0.61 8.35 10.24 1.1M 1.5M 7.85
Current. Nice move on higher volume.
ZMH 08/09 Test BO 48.87 +0.17 50.62 59 2.3M 3M 47.88
Buy Not Hit. Moved up to rest under the 10 day MVA on higher volume.
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
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