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stock trading site, stock trading information
Begin part 2 of 2
Good movers Tuesday: BKHM; BRLI; CAMD; CHT; CVM; ECIL; EVCI; PDYN; RETK; TSYS
Continuing plays that still look good: TARO; ANEN
Play Date: 10/08/2003
TARO (Taro Pharmaceuticals--$64.37; +1.95; optionable): Drugs
http://biz.yahoo.com/p/t/taro.html
STATUS: Testing the 18 day MVA. TARO shot higher on a breakout from a nice 4 month cup base, rallying over 65. It has made a test of the 18 day MVA (61.07) and the breakout and Tuesday jumped off that level on rising, average trade. Looks ready to continue the move with a successful breakout test. Good point to add to positions or start a new one.
Volume: 317.514K Avg Volume: 330.59K
BUY POINT: New: $65.12 (orig. $61.51) Volume=501K Target=$73 Stop=$61.32
POSITION: QTT AL - Jan. $60c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/taro.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.
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
^SOXX 10/20 Test BO 482.46 +8.99 475.38 500 216K 627K 472.55
Buy Not Issued. Nice move up on TXN news, but held off, looking for a test on Wednesday before it resumes the move. Was good enough to enter.
ADIC 10/04 Cup hdl 17.75 +0.17 15.99 19.22 638K 1.2M 15.95
Current. Continue to move up the 10 day MVA on average volume.
ANEN 10/11 A Wedge 14.5 +0.12 14.88 17.78 297K 142K 14.28
Current. Slight move up showing a tight doji just above the 18 day MVA on strong volume. Doji may indicate a change in the pattern and ready to make its move up.
AV 09/25 Flat 13.45 +0.21 11.38 13.65 3.6M 4.4M 12.55
Current. Moved up on stronger above average volume. Having good after hours trading due to good earnings.
AVAN 10/20 Cup hdl 2.94 +0.05 3.22 4 468K 721K 2.98
New. Tested the 10 day MVA and rallied on higher, but still below average volume. Still forming the handle.
BKHM 10/13 A Wedge 2.87 +0.18 2.78 3.62 6.2M 2M 2.54
Current. Tested the 10 day MVA and rallied for a nice gain on excellent volume surge. Broke a new high.
BKHM 09/13 Cup hdl 2.87 +0.18 1.94 2.62 6.2M 825K 2.47
Current.
BRLI 10/20 Cup hdl 13.8 +1.5 13.45 16.22 815K 212K 12.48
Current. Great move up as the stock moves up the 10 day MVA on strong volume surge. Made a new high.
CAMD 10/09 Pennant 9.01 +0.31 8.32 10 466K 500K 7.52
Current. Continue to move up the 10 day MVA for a nice gain on stronger above average volume.
CELL 10/02 Test 18 27.1 +0.37 23.25 28 542K 1M 24.68
Current. Bounced off the 10 day MVA on below average volume.
CELL 07/21 Cup hdl 27.1 +0.37 12.83 15.51 542K 225K 24.68
Current.
CHT 10/16 Cup hdl 15.29 +0.18 15.62 18.75 470K 1.1M 14.69
Buy Not Hit. Nice move up but on very low volume.
CVM 10/20 Test BO 1.68 +0.25 1.61 2.05 3.5M 900K 1.44
Current. Entered the play for an explosive move up on excellent volume surge as the stock moves up the 10 day MVA.
CVM 09/29 Cup hdl 1.68 +0.25 1.17 1.56 3.5M 900K 1.22
Current.
DCEL 10/07 Test 50 8.79 +0.01 9.15 10.98 694K 1.5M 8.64
Current. Continue to make lateral move on the 10 day MVA on above average volume. Showing tight doji on above average volume.
DCGN 09/20 Test BO 6.34 -0.02 4.32 5.38 709K 315K 5.96
Current. Tested the 6.05 and rallied showing a doji on much lower, but still above average volume. Still in uptrend and moving up the 10 day MVA.
DJO 09/11 Cup 16.39 -0.61 14 16.45 17K 100K 15.68
Current. Pull back on very low volume. Coming back to test the breakout. Still in uptrend and moving up the 10 day MVA.
DKS 10/13 Cup 45.5 -0.24 44.68 55.38 278K 603K 41.55
Current. Slightly pull back testing yesterday's gain showing a doji on higher, but still just average volume.
DRIV 08/25 Cup hdl 32.1 +0.6 25.75 30.25 443K 1.7M 30.94
Current. Tested below the 18 day MVA and rallied on lower, below average volume. Ready to move up.
DRIV 08/06 Test 50 32.1 +0.6 24.18 27.48 443K 1.7M 30.94
Current.
ECIL 10/02 Test BO 4.7 +0.13 4.3 5.22 380K 300K 4.24
Current. Continue to move up the 10 day MVA for a nice gain on higher, above average volume.
EGOV 10/07 Test BO 5.3 +0.07 5.07 6.35 242K 264K 4.96
Current. Tested below the 10 day MVA and rallied higher, on lower, but above average volume. The stock continues to move up the 10 day MVA.
EGOV 09/20 Cup hdl 5.3 +0.07 4.8 5.68 242K 264K 4.96
Current.
EMBT 10/06 Flat 12.51 +0.22 11.24 13.38 277K 350K 11.78
Current. Opened lower but move higher on lower, but still above average volume. Tapped 12.85 at the day's high, but could not hold the entire gain. Continue to move up the 10 day MVA.
EMBT 07/26 Cup hdl 12.51 +0.22 9.33 11.12 277K 400K 11.78
Current.
ENMD 09/17 Cup 5.49 +0.04 5.39 6.72 745K 890K 4.86
Current. Tested the 10 day MVA and rallied showing a tight doji on below average volume. Needs to break through resistance at 5.76.
EVCI 10/20 Cup hdl 3.72 +0.47 3.4 4.38 737K 125K 3.08
Current. Another explosive move up on strong volume surge.
FLSH 09/16 Test 50 20.62 +0.2 16.85 19.75 261K 300K 19.42
Current. Moved up on above average volume. Tapped 21.20 at the day's high, but could not hold the entire gain. Testing the breakout.
GERN 10/13 A Wedge 14.15 +0.48 15.5 18.55 1.9M 2.9M 14.14
Current. Tested below the 18 day MVA and rallied to close above the 18 day MVA on average volume. Needs to hold here.
GIGM 10/01 Cup hdl 2.85 -0.18 3.12 4.05 1.3M 2.7M 2.74
Current. Thudded to hold at the 10 day MVA on higher, but average volume. Testing the breakout.
GNSC 10/09 Test BO 2.39 -0.09 2.54 3.35 31K 175K 2.24
Buy Not Issued. Thudded below the 10 day MVA on very low volume. Still in good shape.
IDT 10/18 Test BO 19.15 +0.23 19.22 23 131K 175K 18.62
Buy Not Hit. Breakout from the lateral move on much higher, but still below average volume. Tested the 10 day MVA and rallied.
IFIN 10/13 Rv H&S 34.13 -0.07 35.65 42.45 791K 862K 34.94
Current. Tested support at 34 and rallied to close on the 18 day MVA on above average volume. May be ready for the next move up.
IFLO 09/22 Test BO 13.03 -0.76 11.29 13.55 346K 375K 10.48
Current. Gapped down and moved down on lower, but above average volume. Managed to retain some of Thursday's day gain.
IFLO 09/09 Flat 13.03 -0.76 9.62 11.52 346K 426K 10.48
Current.
IRM 09/10 Put 35.5 +0.05 34.55 32 169K 500K 36.12
Current. Another relief bounce up on very low volume. Tested the 10 day MVA and rolled over. Needs to fall a break through resistance at 35.
JADE 10/16 Cup hdl 4.43 +0.01 5.04 6.32 67K 235K 4.45
Buy Not Hit. Tested below the 18 day MVA and rallied showing a tight doji on the 10 day MVA on higher, but average volume. Should be ready to make its move up.
KOMG 09/08 Test BO 20.54 +0.45 16.95 20.45 96K 332K 19.32
Current. Bounced off the 10 day MVA and moved up on below average volume. Still in uptrend.
LF 08/20 Cup hdl 46.54 +2.45 35.34 42 746K 845K 43.44
Current. Bounced off the 10 day MVA for a nice move up on stronger above average volume. Tapped 47.30 at the day's high, but could not hold the entire gain. Nice, but then after hours it missed earnings and was slaughtered down to 37. Will have to exit rest of positions, locking in what remains of gain. Glad we took a partial earlier.
LM 05/06 Cup hdl 76.41 -0.11 58.5 67.78 203K 610K 75.98
Current. Tested below the 18 day MVA and rallied to close below the 10 day MVA on below average volume. May be ready to start move up.
LNUX 10/11 Test 50 4.95 +0.4 5.35 6.75 1.6M 300K 4.98
Buy Not Issued. Gapped up at the open to hold above the 10 day MVA on average volume. Needs to hold here.
NANO 10/15 Dbl btm 14.3 +0.55 15.19 18.34 236K 517K 13.96
Current. Moved up off the 10 day MVA for a nice move on average volume. Tapped 14.80 at the day's high, but could not hold the gain. Still in good shape after the test of the breakout.
NEXM 10/14 Cup hdl 5.16 -0.27 5.03 6.28 860K 292K 4.73
Current. Pull back on lower, but still above average volume. Tapped 5.03 at the low and rallied. Tapped 5.47 at the high, but could not hold the gain. Still in uptrend moving up the 10 day MVA.
NTPA 09/11 FlyPlat 8.9 +0.26 7.85 9.85 273K 325K 8.24
Current. Moved up off the 10 day MVA on much higher, above average volume.
NXG 10/15 Cup 1.93 0 1.89 2.48 1.1M 684K 1.78
Current. Continue to make a lateral move above the 10 day MVA today with strong volume surge. May be ready for another breakout.
NXTL 10/02 Cup hdl 22.99 +0.53 20.76 24.95 23M 27M 20.98
Current. Continue to move up the 10 day MVA on stronger above average volume.
NXTL 09/17 Cup hdl 22.99 +0.53 20.64 24.75 23M 24M 20.98
Current.
ODSY 10/18 Put 28.53 -0.29 28.18 25 198K 511K 29.75
Buy Not Issued. Moved down on below average volume. Needs to break support at 28 and move down further.
OLGC 10/18 Test BO 7.05 -0.07 7.15 8.58 560K 342K 6.52
Current. Pull back on much lower, but still above average volume. Tested part of yesterday's move intraday. Still in great shape.
ONNN 10/08 Test 50 4.55 -0.05 4.58 5.75 1.4M 1.7M 4.22
Buy Not Issued. Continues to make a lateral move along the 10 day MVA on above average volume.
ORBK 10/14 DB hdl 24.02 -0.33 24.31 29 344K 200K 22.89
Current. Pull back showing a tight doji on excellent volume surge. Tapped 24.88 at the day's high, but could not hold the gain.
ORCC 09/22 Test BO 7.61 -0.13 8 9.38 20K 165K 7.44
Current. Pull back on very low volume. Managed to retain still some of last Thursday's move.
ORCC 09/15 Cup hdl 7.61 -0.13 6.99 8.81 20K 165K 7.12
Current.
OSIS 10/11 Cup hdl 18.8 +0.22 19.25 22.95 92K 547K 18.38
Current. Tested the 18 day MVA and rallied on below average volume. Still in good shape.
PDYN 09/29 DB hdl 3.6 +0.2 2.55 3.24 331K 450K 2.98
Current. Tested the 10 day MVA and moved higher, for a great move on stronger above average volume. Continue to move up the 10 day MVA.
PKI 10/09 DB hdl 16.77 -0.08 17.18 20.65 421K 1.1M 16.21
Buy Not Issued. Narrow trading session showing a doji above the 10 day MVA. May be ready for move up.
PRSFD 09/13 A Wedge 17.4 +0.09 15.8 20.6 141K 2.8M 16.32
Current. continue lateral move above the 10 day MVA on low volume.
PTEK 08/26 Cup hdl 9.27 +0.17 6.74 8.65 2M 276K 8.98
Current. Tested the 18 day MVA and move higher to close over the 10 day MVA on excellent volume surge. Still in good shape.
QLGC 10/14 Rv H&S 54.2 +0.92 52.88 63.38 3.6M 7M 50.97
Current. Gapped up at the open and continued to move up the 10 day MVA on below average volume.
RETK 10/06 A Wedge 10.25 +1.57 8.49 10.25 2.9M 776K 8.48
Target Hit. Took a partial gain when stock hit the target. Stock exploded higher on strong volume surge. Tapped 11.37 at the day's high, but could not hold the entire gain.
RMD 10/11 FlyPlat 45.28 +0.1 46.82 53.88 128K 215K 44.66
Buy Not Hit. Continue to make a lateral move along the 18 day MVA on higher, but still below average volume.
SCMR 10/04 Test BO 5.06 +0.05 5.28 6.69 1.1M 3.1M 4.91
Buy Not Issued. More volatile session with 5.01 at the day's low and 5.10 at the day's high showing a doji just above the 18 day MVA on higher, but still below average volume.
SINA 09/09 Cup 37.7 -3.76 36.15 41 16M 12M 38.94
Current. Thudded below the 18 day MVA on stronger above average volume. May test the 50 day MVA again.
SINA 08/18 Test 50 37.7 -3.76 32.2 38.25 16M 10M 38.94
Current.
SIRI 10/16 Cup hdl 2.56 +0.05 2.56 3.17 98M 8M 2.36
Current. Gapped up at the open and filled in the gap intraday showing a doji on lower, but still above average volume. Tapped 2.61 at the day's high, but could not hold the entire gain. Continue to move up the 10 day MVA.
SNCI 10/18 Test BO 7.95 +0.26 7.28 9.12 39K 120K 7.06
Buy Not Issued. Continue to move up the 10 day MVA on below average volume. Have not entered the play because the volume was not there.
SOFO 10/02 Test BO 2.3 -0.39 2.05 2.74 1.7M 395K 1.86
Current. Thudded down on much lower, but still above average volume. Managed to retain a portion of yesterday's great move.
TARO 10/08 Cup hdl 64.37 +1.95 61.51 73 317K 501K 61.32
Current. Tested the 18 day MVA and rallied moving higher for a nice gain on stronger, but still below average volume. Ready to move up.
TELM 09/30 Test BO 1.67 -0.03 1.51 2.04 5.2M 7M 1.48
Current. Gapped up at the open and then moved up to tap 1.83 at the day's high, but could not hold the gain on stronger above average volume. Still in uptrend and moving up the 10 day MVA.
TLCV 09/23 Cup hdl 7.08 +0.23 7.16 8.62 746K 1.1M 6.79
Current. Opened lower and moved up to close above the 10 day MVA on above average volume. Stock in good shape and is making higher lows.
TSCO 06/03 Rv H&S 41.35 +1.67 23.42 27.62 779K 603K 36.12
Current. Continue to move up the 10 day MVA for a nice move on stronger, above average volume.
TSCO 04/24 Cup hdl 41.35 +1.67 21.88 26 779K 603K 33.94
Current.
TSYS 10/14 Test 18 5.95 +0.4 5.05 6.15 568K 120K 4.72
Current. Continue to move up the 10 day MVA for a great move on above average volume.
TSYS 08/14 Test BO 5.95 +0.4 3.54 4.45 568K 120K 4.72
Current.
TTP 10/07 Cup 3.49 +0.11 2.87 3.68 422K 221K 3.18
Current. More volatile session with 3.15 at the day's low and 3.65 at the day's high. Gapped down at the open and moved up on stronger, but above average volume.
UTSI 09/23 Put 34 +0.72 34.88 31.78 3.9M 5M 35.85
Relief bounce on lower, but above average volume. Held support at 34.
VSV 09/25 Test BO 5.69 -0.07 6.18 8.08 144K 300K 5.75
Buy Not Hit. Continue to move down on above average volume to close below the 18 day MVA. Last time the stock held below the 18 day MVA was in early September on low volume.
WINS 10/07 Cup hdl 13.78 -0.29 13.38 16.65 287K 275K 12.99
Current. Gapped up at the open, but lost the gain on stronger above average volume. Moving up the 10 day MVA on higher, above average volume.
ZMH 08/09 Test BO 58.88 -0.35 51.12 59.55 2M 3M 56.94
Target Hit. Took a partial gain when the stock hit the target. Will let the remaining position continue work for us.
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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