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trade stock, stock recommendation
Begin part 2 of 2
THE PLAYS
Good movers Tuesday: SOX; BRCM; CHL; DRIV; EMBT; LF; NUAN; RETK; RHAT; TZA
NEW PLAYS:
Upside:
Play Date: 10/07/2003
BIOI (Biosource Intl.--$7.87; +0.12; no options): Diagnostic substances
http://biz.yahoo.com/p/b/bioi.html
STATUS: Ascending triangle. Working toward the breakout from an 11 week base showing some very nice 4 to 1 accumulation (4 up weeks on rising volume to 1 down week on rising volume). It has been using the 50 day MVA (7.18) as the support in the pattern. After gapping lower with the market Tuesday, it rallied well on a strong volume surge. Watching for BIOI to make the break over the highs at 8. A bit thinner in trade than we usually participate in, but good volume 3 of the last 5 sessions and a nice pattern caught our eye.
Volume: 129.3K Avg Volume: 37.045K
BUY POINT: $8.04 Volume=100K Target=$10.05 Stop=$7.48
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/bioi.html
Play Date: 10/07/2003
INAP (Internap Network--$1.41; +0.12; no options): Internet service provider
http://biz.yahoo.com/p/i/inap.html
STATUS: Flat base. INAP is getting some impressive volume the past month as it works through its 10 week base sporting solid 5 to 3 accumulation ans strong money flow. It has used the 50 day MVA (1.22) as the support for the bottom of the base, a good level for support to step up. Tuesday volume again surged as INAP jumped off the 18 day MVA (1.29). This comes after some quiet trade in the last week of the handle. Looks erady to make a break higher.
Volume: 3.815M Avg Volume: 1.529M
BUY POINT: $1.51 Volume=2.3M Target=$1.97 Stop=$1.32
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/inap.html
CONTINUING PLAYS:
Upside:
Play Date: 09/29/2003
INTV (Intervoice-Brite--$9.81; +0.56; no options): Telecom processing
http://biz.yahoo.com/p/i/intv.html
STATUS: Breakout. INTV is starting higher again. After some false starts last week where it gapped higher only to fall back, Tuesday INTV was moving well on rising, above average volume. Not quite the volume we wanted, but trade has been solid for the past week. Looking for positions on another good volume move.
Volume: 260.396K Avg Volume: 273.136K
BUY POINT: New: $9.88 (orig. $9.38) Volume=457K Target=$11.28 Stop=$8.68
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/intv.html
WATCHLIST/ CONTINUING:
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
^SOXX 09/30 Test 50 459.46 +10.49 446 476 398K 0 447
Current.
ABMD 10/06 Test BO 8.85 +0.22 9.12 10.95 142K 175K 8.48
Buy Not Hit.
ACN 09/24 Test 50 23.12 +0.03 22.62 27.15 2.7M 3.4M 22.12
Current.
ARIA 09/11 Test BO 6.58 +0.25 5.08 6.28 504K 600K 5.85
Current.
AVO 09/25 Cup hdl 18.25 -0.13 18.48 22.22 150K 1M 17.45
Buy Not Issued.
AVY 10/02 Put 53.01 +0.56 52.04 49 494K 1M 52.88
Buy Not Hit.
BKHM 09/13 Cup hdl 2.36 -0.08 1.94 2.62 2.1M 825K 2.15
Current.
BRCM 10/04 Cup hdl 30.85 +1.69 29.91 35.88 17M 20M 27.82
Current.
CELL 07/21 Cup hdl 37.82 +0.25 19.25 23.25 859K 225K 31.58
Current.
CHL 10/04 A Wedge 14.09 +0.29 14.08 16.88 601K 730K 13.49
Current.
CRA 10/01 Rv H&S 12.33 +0.28 12.68 15.25 262K 731K 11.72
Buy Not Hit.
CVM 09/29 Cup hdl 1.1 +0.06 1.17 1.56 690K 900K 1.01
Current.
CY 09/22 FlyPlat 19.6 +0.03 19.75 23.65 3.5M 3.8M 18.37
Current.
CYMI 10/01 Put 42.16 -0.04 40.94 36.75 1.3M 2.1M 42.38
Buy Not Issued.
DGIN 10/04 Put 20.05 +0.34 19.85 17.85 553K 783K 20.85
Buy Not Issued.
DRIV 08/25 Cup hdl 32.23 +0.98 25.75 30.25 795K 1.7M 28.12
Current.
DRIV 08/06 Test 50 32.23 +0.98 24.18 27.48 795K 1.7M 28.12
Current.
EFII 09/15 FlyPlat 25.07 +0.58 24.25 29.15 857K 677K 23.55
Current.
EGOV 10/06 Test BO 4.73 +0.11 4.78 5.75 154K 264K 4.44
Buy Not Hit.
EMBT 10/06 Flat 11.25 +0.88 11.24 13.38 201K 350K 10.14
Current.
EMBT 07/26 Cup hdl 11.25 +0.88 9.33 11.12 201K 400K 10.14
Current.
ENDP 09/27 Test BO 23.35 +0.65 21.75 27 657K 1.3M 21.22
Current.
FLSH 09/16 Test 50 19.69 -1.03 16.85 19.75 555K 300K 17.65
Current.
GLDN 08/25 Test BO 30.1 +0.06 30.55 36.55 81K 200K 29.36
Buy Not Issued.
GLDN 08/19 Test BO 30.1 +0.06 30.4 36.48 81K 200K 28.48
Current.
GRIC 09/22 Test BO 7.59 +0.44 8.18 10 818K 872K 7.04
Current.
GRIC 09/17 Flat 7.59 +0.44 7.44 9.25 818K 812K 7.04
Current.
HDTV 08/21 Cup hdl 5.38 +0.03 4.12 5.12 192K 125K 4.65
Current.
HPOL 10/04 Flat 8.3 -0.33 8.65 10.28 398K 668K 7.72
Current.
IFLO 09/22 Test BO 10.89 -0.1 11.06 13.26 163K 375K 10.26
Buy Not Issued.
IFLO 09/09 Flat 10.89 -0.1 9.62 11.52 163K 426K 9.72
Current.
INSP 09/06 Rv H&S 23.1 +0.51 18 21.55 291K 600K 20.42
Current.
INTV 09/29 Test BO 9.81 +0.56 9.38 11.28 259K 457K 8.68
Buy Not Issued.
IRM 09/10 Put 36.5 +0.27 34.55 32 388K 500K 35.55
Current.
KOMG 09/08 Test BO 18.59 -0.69 16.95 20.45 413K 332K 16.98
Current.
LF 08/20 Cup hdl 44.71 +1.34 35.34 42 1.1M 845K 39.08
Current.
MER 10/06 Flat 57.1 +0.36 57.62 66.25 4.1M 6.5M 54.98
Buy Not Hit.
MERQ 10/02 Test 50 49.93 -0.05 49.85 55 2.5M 4.7M 47.55
Current.
MERQ 08/27 Cup hdl 49.93 -0.05 45.76 53.95 2.5M 4.5M 47.55
Current.
MTCH 09/20 A Wedge 4.79 -0.21 4.78 5.98 57K 127K 4.35
Buy Not Hit.
MTIC 09/30 Test BO 1.57 -0.01 1.83 2.28 98K 250K 1.58
Buy Not Hit.
NUAN 10/06 Cup hdl 7.56 +0.58 7.08 8.38 540K 309K 6.34
Current.
NUE 09/17 Dbl Top 49.19 +0.79 47.32 44.74 750K 700K 46.04
Exited.
NUFO 09/29 Cup hdl 4.95 0 4.82 5.95 377K 1.2M 4.48
Current.
OPLK 09/27 Test BO 2.69 0 2.62 3.28 797K 978K 2.38
Current.
OPSW 08/30 DB hdl 7.99 0 7 8.75 616K 1M 7.54
Current.
PLT 09/27 Put 25.41 +0.35 23.95 21.65 197K 300K 24.82
Current.
PPHM 09/20 Cup hdl 2.3 -0.03 2.24 2.95 1.3M 2.5M 2.01
Current.
PRSF 09/13 A Wedge 2.3 0 3.16 4.12 1.3M 2.8M 2.77
Current.
PTEK 08/26 Cup hdl 9.22 +0.35 6.74 8.65 1M 276K 8.12
Current.
RBK 09/24 DB hdl 35.5 +0.34 34.46 41.35 257K 1.1M 33.22
Buy Not Issued.
RETK 10/06 A Wedge 8.26 +0.15 8.22 9.95 546K 776K 7.64
Buy Not Issued.
RHAT 09/18 Cup hdl 10.99 +0.18 10.03 12.22 3.5M 2.8M 9.88
Current.
RNDC 09/23 Cup hdl 2.8 +0.05 3.23 4.04 746K 559K 2.92
Current.
SCMR 10/04 Test BO 5.2 +0.1 5.12 6.41 2.7M 3.1M 4.76
Buy Not Issued.
TGEN 09/22 Flat 2.73 +0.04 3 4.18 287K 1.6M 2.45
Current.
TMWD 10/01 Test 18 6.33 -0.04 6.3 7.98 773K 627K 5.86
Current.
TPTH 09/16 Cup hdl 9.3 -0.03 8.37 10.18 135K 261K 8.52
Current.
TTWO 10/01 Test BO 39.03 -0.05 36.25 43 725K 1.6M 35.85
Current.
TWAV 10/02 Test BO 3.57 -0.04 3.65 4.75 474K 600K 3.32
Buy Not Issued.
TZA 07/31 Cup hdl 7.88 +0.13 7.1 8.72 1.3M 579K 7.28
Current.
UTSI 09/23 Put 37.14 +0.18 34.88 31.78 3M 5M 37.18
ZGEN 09/03 Cup 14.22 -0.92 16.62 19.95 63K 100K 15.46
Buy Not Issued.
Good Investing!
Jon L. Johnson and your Technical Traders Report 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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