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stock recommendation, stock option
Begin part 2 of 2
THE PLAYS:
Tuesday good movers: ANAD; CRAY; ERICY; DRIV; IMAN; MRVL; NENG; TSCO; VRTS; XICO; XOMA
New Plays:
Upside:
Play Date: 08/19/2003
AMSC (American Superconductor--$11.77; -0.39; optionable): Superconducting materials & power converters
http://biz.yahoo.com/p/a/amsc.html
STATUS: Testing the breakout. AMSC exploded higher Friday in the power scare on some huge trade. It has spent the past two sessions pulling back to test the gap up point. Tuesday it showed a nice hammer doji that tapped the gap up point on the low (11.32). This was a big breakout from a huge 18 month base. Stocks often come back to fill gaps, but given the strength of this breakout and the lower volume pullback with doji, we are willing to start positions on a move up from here on rising volume. We want to see the volume move back up as that shows buyers have returned to the stock at this point.
Volume: 879.894K Avg Volume: 297.09K
BUY POINT: $12.06 Volume=900K Target=$14.48 Stop=$10.98
POSITION: QAY AV - Jan. $12.50c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/amsc.html
Play Date: 08/19/2003
CASY (Caseys General Stores--$15.32; +0.27; no options): Groceries, clothing, auto parts, etc.
http://biz.yahoo.com/p/c/casy.html
STATUS: Double bottom w/handle. This is a neat little 6 week base showing positive 2 to 1 accumulation (2 up price weeks on rising volume to 1 down price week on rising volume). This is actually the tail end of a longer 18 month base and CASY is now right at the high from back in early 2002 and is in the process of shaking out the last sellers with this little pattern. Volume has shot higher the past two sessions as CASY made a higher low at the 18 day MVA (14.97) and started higher. Looks ready for the breakout. Super money flow and relative strength is ready to breakout as well.
Volume: 300.93K Avg Volume: 145.136K
BUY POINT: $15.57 Volume=218K Target=$18.75 Stop=$14.89
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/casy.html
Play Date: 08/19/2003
MYL (Mylan Labs--$35.86; +0.93; optionable): Generic drugs
http://biz.yahoo.com/p/m/myl.html
STATUS: Reverse head and shoulders. MYL is ready to breakout from a 10 week base showing solid 3 to 1 accumulation and strong money flow. We have been watching MYL form this pattern, and Tuesday it was moving toward the breakout on a very strong shot of above average volume. Relative strength is ready to make the breakout, a very good indication of support for the move.
Volume: 1.952M Avg Volume: 1.391M
BUY POINT: $36.06 Volume=1.5M Target=$43 Stop=$34.12
POSITION: MYL AG - Jan $35c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/myl.html
Play Date: 08/19/2003
SNWL (Sonicwall--$5.59; +0.4; optionable): Internet software & services
http://biz.yahoo.com/p/s/snwl.html
STATUS: Flat base. SNWL is moving up off the 50 day MVA (5.04) on strong volume Tuesday, moving toward the breakout from a 10 week flat base. Accumulation in the base is a solid 3 to 1. Money flow and relative strength match the pattern, strong and moving higher. Just going to let it make the breakout and move in.
Volume: 844.004K Avg Volume: 798.09K
BUY POINT: $5.75 Volume=800K Target=$7 Stop=$5.25
POSITION: UWL LA - Dec. $5c (71 delta) &/or Stock
http://www.investmenthouse.com/ci/snwl.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: ASPT; BEBE; EMBT; FFIV; HBIO; MIPS; MWD; SWIC
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AMEV 07/26 A Wedge 6.64 +0.09 5.75 6.88 22K 200K 5.89
Current. Continues to move up on low volume. Letting the stock work for us.
AMEV 06/07 Test BO 6.64 +0.09 4.75 6 22K 102K 5.89
Current.
AMT 08/16 Cup hdl 10.7 -0.01 10.64 12.77 1.3M 2.8M 9.85
Current. Continued to move up on lower volume.
ANAD 08/16 Cup hdl 4.37 +0.39 4.27 5.32 931K 625K 3.88
Current. Beautiful move up on strong volume. Entered this play at the buy point.
ANSR 08/11 Cup hdl 3.07 -0.13 3.43 4.22 268K 350K 3.19
Current. Continued pull back on higher volume, but held the 18 day MVA. It must hold here or we will exit.
ARTG 08/12 Test 50 2.16 +0.06 2.26 2.72 542K 1M 1.98
Buy Not Issued. Doji slightly up on higher volume. The stock needs to move up to buy point with higher volume before we will enter the play.
ASPT 08/09 Test BO 8 +0.01 8.06 10.12 840K 791K 7.38
Current. Moved slightly up on lower volume. Closed lower than the open. Touched the 10 day MVA intraday. Still in good shape.
AVNX 08/14 Flat 4.86 +0.1 4.68 5.92 2.3M 2M 4.26
Current. Continued to move up on increasing volume. Letting the stock run for us.
BDY 07/16 Test BO 25.5 +1.02 19.58 23.25 168K 376K 22.02
Current. Moved up on lower volume. Continue to let the stock run.
BEBE 07/01 Test BO 22 +0.27 20.9 24.95 109K 321K 21.62
Current. Moved up on lower volume to rest on the 10 day MVA. Touched the simple 50 day MVA intraday. Still in good shape.
BHE 08/12 FlyPlat 42.71 +0.28 42.95 49 420K 550K 39.94
Buy Not Issued. Doji slightly up on higher volume. Entered the play at the buy point.
BMRN 08/07 Put 8 -0.14 8.98 6.95 952K 1.3M 9.75
Buy Not Hit. Moved down on lower volume. Stock needs to rally on low volume before it is a viable play.
CB 08/09 Cup hdl 67.28 +0.37 66.06 75.97 1.1M 2.7M 63.04
Buy Not Issued. Moved up on lower volume. Did not enter the play because volume was not there.
CCMP 08/13 Cup hdl 65.95 +0.51 65.5 74.88 689K 1.2M 62
Current. Continued to move up on lower volume.
CELL 07/21 Cup hdl 32.55 +0.95 19.25 23.25 757K 225K 24.94
Current. Gapped up on the open on lower, however,closed lower than the open but still in positive territory.
CHS 07/23 Test BO 28.29 +0.24 27.05 31.25 665K 2.2M 26.56
Current. Moved up on higher volume.
COLT 07/24 BO 6.3 +0.16 5.3 6.68 125K 200K 5.52
Current. Moved up on higher volume. Let the stock run for us.
CRAY 07/22 Test BO 12.72 +0.37 9.73 11.75 1.5M 1.4M 11.04
Current. Gapped up on strong volume.
CSC 08/04 DB hdl 42.49 +1.06 43.42 48.45 1.3M 2.4M 40.92
Current. Bounced off the 10 day MVA on slightly lower volume.
DCEL 08/05 Flat 6.97 -0.14 7.22 8.68 377K 726K 6.61
Current. Pulled back on higher volume. Touched through the 18 day MVA intraday. Still in good pattern
DKS 03/18 DB hdl 41.08 -0.35 23.81 28.42 888K 225K 35.94
Current. Gapped up at the open but closed slightly down on lower volume.
DKS 02/19 DB hdl 41.08 -0.35 22.75 27.35 888K 225K 35.94
Current.
DRIV 08/06 Test 50 24.28 +1.53 24.18 27.48 1.3M 1.7M 22.08
Current. Kept an eye on it and issued it as a bonus alert as
it made a strong volume move off the 50 day MVA.
EMBT 07/26 Cup hdl 8.49 +0.16 8.75 10.48 125K 400K 8.14
Buy Not Hit. Moved up on higher volume, but still below average. Needs to move up on stronger volume to be a viable play.
ERICY 08/11 Test 18 15.52 +0.65 14.82 17.74 2.8M 5M 13.82
Current. Gapped up on higher volume. Nice move.
FARO 08/16 Test 50 10.41 +0.05 10.35 12.12 144K 220K 9.45
Current. Doji slightly up on lower volume. Touched the 10 day MVA intraday.
FFIV 08/18 Flat 18.8 +0.22 18.88 22.65 353K 745K 17.56
Buy Not Issued. Moved up on higher volume
FINL 08/16 Test BO 26.1 +0.12 26.25 31.54 129K 625K 24.38
Buy Not Issued. Doji slightly higher on lower volume. Stock needs to move up on higher volume to be a viable play.
FLSH 05/22 Test BO 16.5 +0.3 10.55 12.75 322K 195K 14.92
Current. Moved up on higher volume. Continue to let the stock run.
FLSH 05/12 Rv H&S 16.5 +0.3 9.2 10.96 322K 195K 14.92
Current.
GPRO 06/17 A Wedge 63.04 +0.96 41.75 48 369K 766K 54.98
Current. Continued to move up on stronger volume. Let the stock make the run.
GPRO 04/05 Dbl btm 63.04 +0.96 26.5 30.75 369K 521K 54.98
Current.
HBIO 08/14 Test BO 5.02 -0.08 5.1 6.54 28K 153K 4.74
Current. Pull back to test the 10 day MVA on lower volume. Closed higher than the open but still in negative area. Still in good shape.
IMA 07/28 A Wedge 20.12 +0.12 21.42 25.72 82K 115K 20.38
Buy Not Hit. Moved up on higher volume, but still below average. Volume needs to increase before we will enter the play.
IMAN 07/16 Cup hdl 6.28 +0.15 5.52 7 699K 244K 5.48
Current. Gapped up on the open on lower volume. Nice move.
INTC 07/31 FlyPlat 26.47 +0.28 25.88 30.95 56M 75M 24.55
Current. Gapped up on lower volume.
LAVA 08/07 DB hdl 21.5 -0.39 21.85 26.25 854K 1.2M 20.32
Current. Pull back on higher volume. Touched the 10 day MVA intraday. Still in good shape.
LFG 08/13 H&S 46.4 +0.35 45.48 42 106K 200K 46.74
Buy Not Issued. Moved up on lower volume. Needs to drop on stronger volume.
LLTC 07/23 Rv H&S 39.38 +0.07 37.35 44.85 4.6M 9M 36.22
Current. Continue to move up on lower volume.
LM 05/06 Cup hdl 70.69 -0.59 58.5 67.78 433K 610K 68.88
Current. Pull back on higher volume. Touched the 10 day MVA intraday. Still in good shape.
MERX 07/15 Cup hdl 12 -0.03 10.52 12.75 64K 248K 10.52
Current. Doji slightly down on lower volume. Still in good shape.
MIL 08/05 Put 44.3 +0.73 42.02 39.15 450K 500K 43.14
Exited.
MIPS 08/13 Cup hdl 3.49 0 3.69 4.65 58K 275K 3.28
Buy Not Hit. Opened higher but closed with no gain or loss on higher volume. Touched the 10 day MVA intraday..
MKSI 07/21 Cup hdl 24 +0.15 22.25 27.95 194K 488K 21.68
Current. Doji up on lower volume.
MKSI 07/14 Cup hdl 24 +0.15 22.8 27.95 194K 488K 21.67
Current. Opened higher but closed lower with a slight gain for the day. The volume was below average.
MMSI 08/05 Test BO 21.07 +0.07 20.44 24.33 131K 183K 20.04
Current. Gapped up at the open to close lower but still in positive territory. Volume was lower. Still in good shape.
MRBA 08/14 Cup hdl 3.8 +0.12 3.85 4.85 149K 215K 3.54
Buy Not Issued. Moved up on lower volume. We did not enter the play because the volume was not there and there was too much volatility.
MRVL 08/02 Cup hdl 38.71 +0.97 38.5 46 8M 4.9M 36.12
Current. Kept an eye on it and moved in on a high volume move.
MWD 08/12 A Wedge 49.64 +0.45 49.54 55 4.8M 5.8M 47.28
Buy Not Issued. Moved up on higher volume. Did not enter the play because volume was not there.
MXIM 08/18 Rv H&S 42.41 +0.48 42.35 50 6.7M 9M 39.39
Buy Not Issued. Moved up slightly on lower volume. Did not enter the play because the volume was not there.
NENG 08/04 Test BO 5.63 +0.38 5.12 6.35 2.8M 232K 4.66
Current. Great move on strong volume.
ONNN 06/21 Test BO 3.7 -0.05 3 3.75 494K 900K 3.18
Target Hit. Took some gain on a nice move.
PFG 08/09 Put 32.64 +0.11 31.88 30 530K 1M 32.35
Current. Gapped up at the open over the simple 50 day MVA but closed much lower but still positive. Volume was lower. Touched the 18 day MVA. Still in good shape.
PMTI 08/06 BO 6.17 -0.18 6.59 7.91 73K 200K 5.96
Buy Not Issued. Pulled back below the 18 day MVA on lower volume. Pushed up and broke through the 10 day MVA intraday.
RIMM 07/31 Cup hdl 27.84 +0.38 27.52 31.25 1.5M 2.5M 25.55
Current. Continued to move up on lower volume. Letting the stock run for us.
SINA 08/18 Test 50 31.47 +0.37 31.94 38 7.5M 10M 29.78
Buy Not Issued. Moved up on higher volume. Gapped up at the open to close lower but still positive. Touched the 10 day MVA intraday.
SNIC 08/11 Test BO 11.95 0 12.08 14.55 182K 900K 11.15
Buy Not Issued. Opened higher but closed with no gain or loss on lower volume. Touched the 10 day MVA intraday.
SRA 08/04 Cup hdl 15.69 -0.17 16.74 20.12 40K 247K 15.57
Buy Not Hit. Pull back to test the 10 day MVA in lower volume. Dropped below the 18 day MVA intraday. Still in good pattern, waiting for the bounce with higher volume.
TIWI 08/07 A Wedge 3.55 -0.04 4.06 5.65 46K 689K 3.75
Buy Not Hit. Doji down between the simple 50 day MVA and the exponential 50 day MVA on lower volume. Touched both 50 day MVA intraday.
TKLC 08/02 Test BO 15.99 +0.39 15.96 18.95 245K 1M 14.74
Current. Moved up on lower volume. Still in good shape.
TSCO 06/03 Rv H&S 64.6 +2.65 46.85 55.25 630K 603K 54.94
Current. Continues to make a great move on stronger volume.
TSCO 04/24 Cup hdl 64.6 +2.65 43.75 52 630K 603K 54.94
Current.
TSYS 08/14 Test BO 2.98 +0.03 3.15 4 78K 120K 2.93
Buy Not Issued. Moved up to test the 10 day MVA on slightly higher volume. Waiting for the bounce off the 10 day MVA on stronger volume.
TUES 08/06 Cup hdl 31.4 +0.36 30.68 36.78 307K 309K 28.53
Current. Continue to move up but on lower volume. Letting the stock work for us.
VRTS 08/19 CCall 33.11 +0.91 19.76 20 7M 8.5M 29.06
Current. Good move up on higher volume.
VVTV 07/19 Cup hdl 17.05 +0.05 16.95 20.45 247K 250K 16.39
Current. Doji slightly up on higher volume. Still in great shape.
XICO 07/02 A Wedge 9.7 +0.37 7.25 8.65 89K 172K 8.59
Current. Good move up on higher volume, but volume is still below average. Continuing to let the stock work for us.
XOMA 07/28 Test BO 9.15 +0.22 8.35 10.24 1.1M 1.5M 7.85
Current. Good move up on higher volume.
ZMH 08/09 Test BO 48.59 -0.28 50.62 59 1.6M 3M 47.88
Buy Not Hit. Pull back to test the 18 day MVA on lower 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 recommendation
stock option
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