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stock option, stock market data
Begin part 2 of 3
THE PLAYS
Good movers Monday: GBN; NMGC
Best Plays:
1) KEYN: Surging toward a breakout on strong volume.
2) KLIC: Excellent relative strength and started surging Monday on huge volume.
3) CASY: Making the breakout move.
4) PTSX: Low volume day of rest that held the 10 day MVA.
5) SCKT: Nice test of the 10 day MVA and recovery.
6) ZILA: Volume rising as it tests lower and rebounds.
NEW PLAYS:
Upside:
Play Date: 11/17/2003
ASF (Administaff--$14.15; +0.05; optionable): Staffing and outsourcing
http://biz.yahoo.com/p/a/asf.html
STATUS: Testing the breakout. The improving jobs market is underscoring what the temp and other employment agencies know: the temp market is strong. ASF broke out from a 3.5 month base to start the month, rallied to 15, and is now making a nice, low volume and orderly test. It is moving mostly laterally, holding easily over the 10 day MVA (13.77) and holding onto its gains. That is a sign of strength in the breakout. Accumulation in the base was a solid 4 to 2 (4 up weeks on rising volume to 2 down weeks on rising volume), settign a solid foundation for the breakout. Strong money flow and a relative strength breakout. Volume was up Friday as the 10 day MVA rises to meet the stock price. Still below average but getting close to continue the breakout move.
Volume: 321.1K Avg Volume: 378.318K
BUY POINT: $14.52 Volume=400K Target=$17.85 Stop=$13.72
POSITION: ASF DC - Apr. $15c (50 delta) &/or Stock
http://www.investmenthouse.com/ct/asf.html
Play Date: 11/17/2003
IVAN (Ivanhoe Energy--$6.35; +0.55; no options): Oil & gas drilling and exploration
http://biz.yahoo.com/p/i/ivan.html
STATUS: Testing the breakout. IVAN broke out of a long 15 month base in August and has rallied hsarply up the short term MVA (10 and 18 day MVA). It shot higher to start the month on some massive volume but has come back again to test the move, holding the 10 day MVA (5.92) on this test. Monday volume was moving up and well above average as IVAN jumped off the 10 day MVA (5.92). We are trying to play one more move up on this rally.
Volume: 16.889M Avg Volume: 11.09M
BUY POINT: $6.47 Volume=12M Target=$8.12 Stop=$5.82
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/ivan.html
Play Date: 11/17/2003
KEYN (Keynote Systems--$12.19; +0.44; optionable): Testing & management systems for ebusiness applications
http://biz.yahoo.com/p/k/keyn.html
STATUS: Flat base. Working through an 8 week flat base between 11.50 and 12, using the 50 day MVA (11.49) on the occassional intraday test. Solid 3 to 1 accumulation (3 up price weeks on rising volume to 1 down week on rising volume) in the base, setting the foundation for a strong breakout. Monday volume was up sharply as the stock started toward the breakout move. Excellent money flow and relative strength breaking out on the move. Ready for the next leg.
Volume: 265.709K Avg Volume: 86.545K
BUY POINT: $12.31 Volume=200K Target=$14.85 Stop=$11.71
POSITION: NKU DB - Apr. $10c (90 delta) &/or Stock
http://www.investmenthouse.com/ct/keyn.html
Play Date: 11/17/2003
KLIC (Kulicke & Soffa--$16.9; +0.96; optionable): Chip equipment
http://biz.yahoo.com/p/k/klic.html
STATUS: Flat breakout test. KLIC is working laterally over the 18 day MVA (15.35) after breaking out of an 18 month base in late October. Volume surged as it rallied to 17 and then started this lateral 2 week move on lower volume (though still quite strong). Monday KLIC tapped toward the 18 day MVA (15.35) and then rebounded on huge trade. Looks ready to make the move higher with most of the chip stocks, but has shown excellent relative strength as the market sold back. Surging money flow and and a relative strength breakout.
Volume: 4.461M Avg Volume: 1.456M
BUY POINT: $17.22 Volume=2.2M Target=$21.12 Stop=$15.98
POSITION: KQS DW - Apr. $17.50c (54 delta) &/or Stock
http://www.investmenthouse.com/ct/klic.html
CONTINUING PLAYS:
Upside:
Play Date: 11/10/2003
ANT (Anteon Intl.--$34.69; -0.23; optionable): ITS software
http://biz.yahoo.com/p/a/ant.html
STATUS: Testing the breakout. ANT broke out of an ascending triangle last Wednesday on so-so volume, and has now come back to test that move on much lower, below average volume. It tapped at the 18 day MVA on the low (34.18) and rebounded to hold the 10 day. That has held the breakout, and if the market continues to rebound it is ready to resume the breakout move.
Volume: 159.2K Avg Volume: 368.545K
BUY POINT: $35.58 Volume=561K Target=$42.45 Stop=$34.08
POSITION: ANT DG - Apr. $35c (50 delta) &/or Stock
http://www.investmenthouse.com/ct/ant.html
Play Date: 11/06/2003
CASY (Caseys General Stores--$16.36; +0.36; no options): Grocery stores
http://biz.yahoo.com/p/c/casy.html
STATUS: Testing the breakout. Reverse head and shoulders brekaout that is being tested, holding above the 18 day MVA (15.84) on the low Monday and then rebounding on a shot of strong, above average volume. This looks like the move that takes it to the next level. Surging money flow and a relative strength breakout. Showing excellent price/volume action.
Volume: 166.569K Avg Volume: 127.409K
BUY POINT: New: $16.58 (orig. $16.37) Volume=200K Target=$20.12 Stop=$15.72
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/casy.html
Play Date: 10/30/2003
FALC (Falconstar Software--$8.00; -0.09; optionable): PC data storage devices
http://biz.yahoo.com/p/f/falc.html
STATUS: Testing the breakout. FALC shot higher at the end of October, early November on a strong volume surge, moving out of a 4 month cup with handle base. It rallied over 8.50 and in the market selling has come back to test the 10 day MVA (8.06) on very low, below average volume. We are looking for it to hold at this level and provide the next leg higher on the breakout. Solid money flow and relative strength.
Volume: 142.529K Avg Volume: 182.5K
BUY POINT: New: $8.22 (orig. $8.04) Volume=230K Target=$9.65 Stop=$8.02
POSITION: XMQ BU - Feb. $7.50c (57 delta) &/or Stock
http://www.investmenthouse.com/ct/falc.html
Play Date: 11/15/2003
PTSX (Point.360--$4.88; -0.14; no options): Movie production, theater
http://biz.yahoo.com/p/p/ptsx.html
STATUS: Flat base. Tried to gap higher and actually breakout Monday as the market sold, but there was no volume at all an dit faded, holding the 10 day MVA on the close. It still looks solid. For a brief history, after breaking out of a flat base in early September, PTSX started to stair-step higher with solid surges and then lateral moves for a few weeks. It has made the lateral move for now for four weeks after jumping higher in mid-October. Volume has started to spike up, signaling it is ready for the next move. Accumulation in the lateral move is strong at 3 to 0. Surging money flow and a relative strength breakout. Volume moved up to average Friday as PTSX moved toward a breakout.
Volume: 33.065K Avg Volume: 97.59K
BUY POINT: $5.22 Volume=144K Target=$6.55 Stop=$4.85
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/ptsx.html
Play Date: 11/05/2003
QCOM (Qualcom--$46.72; -0.68; optionable): Telecom equipment and licensing
http://biz.yahoo.com/p/q/qcom.html
STATUS: Testing the breakout. Still testing the breakout, holding the 18 day MVA (46.64) Monday with a very tight doji on the candlestick chart and slightly rising volume. Excellent relative strength as the rest of the market sells. It has spent the month moving laterally over the 18 day MVA in a very tight range and on low volume. This move is consolidating the breakout from a 5 week base that formed over the 50 day MVA. It has held up as the market has sold off, so we are staying with it and looking at a breakout on volume over 48 to enter positions.
Volume: 7.607M Avg Volume: 9.811M
BUY POINT: $48.12 Volume=14M Target=$57.25 Stop=$45.72
POSITION: AAO DW - Apr. $47.50c (50 delta) &/or Stock
http://www.investmenthouse.com/ct/qcom.html
Play Date: 11/03/2003
SCKT (Socket Communications--$3.84; -0.09; no options): PC networking.
http://biz.yahoo.com/p/s/sckt.html
STATUS: Testing the breakout. After surging higher on a nice breakout earlier in the month, SCKT is using the market selling to settle back to the 10 day MVA (3.80) on lower, avaerge volume. It moved out of a 3 month cup with handle base on a nice volume surge. Outstanding money flow and relative strength remain on this pullback. Looking for a stronger volume move back up to enter new positions.
Volume: 459.786K Avg Volume: 405.318K
BUY POINT: New: $4.04 (orig $3.61) Volume=526K Target=$4.55 Stop=$3.72
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/sckt.html
Play Date: 11/15/2003
ZILA (Zila--$4.05; -0.03; no options): Drug products
http://biz.yahoo.com/p/z/zila.html
STATUS: Cup w/handle. Still working on that handle, dropping below the 18 day MVA (3.89) on the Monday low but then rallying furiously back up to close basically flat on rising, average volume. Excellent 4 to 0 accumulation in the 8 week base. It tried the breakout two weeks back with volume surging but could not hold the move and now is working sideways over the 18 day MVA on low volume. It is showing excellent money flow and a relative strength breakout. Just taking a short breather before the next breakout move.
Volume: 145.025K Avg Volume: 135K
BUY POINT: $4.19 Volume=185K Target=$5.35 Stop=$3.87
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/zila.html
Downside:
Play Date: 11/10/2003
ARDI (At Road, Inc.--$11.95; -0.35; optionable): Computer ITS
http://biz.yahoo.com/p/a/ardi.html
STATUS: Put. Started lower again but then rallied back with the rest of the market to hold near 12 where it has been able to hold the past week. Volume was still below average, and we are looking for it to continue its downtrend and test the 200 day. Diving money flow and still under distribution.
Volume: 330.055K Avg Volume: 690.545K
BUY POINT: New: Test12.55, then $12.12 on the way back down. Volume=1M Target=$10.06 Stop=$12.98
POSITION: UDH MV - Jan. $12.50p (-50 delta)
http://www.investmenthouse.com/ct/ardi.html
Play Date: 11/10/2003
ASKJ (Ask Jeeves--$18.13; -0.47; optionable): Internet information
http://biz.yahoo.com/p/a/askj.html
STATUS: Put. Strugling to hold over 18, rallying back over that level on the Monday close as volume moved back up. It may try to make a move back up to test the 10 day MVA (19.03) with a continued market boucne before it rolls back over.
Volume: 2.118M Avg Volume: 2.462M
BUY POINT: Test 19, then $18.22 on the way down. Volume=2.5M Target=$16 Stop=$19.55
POSITION: AUK XD - Dec. $20p (-66 delta)
http://www.investmenthouse.com/ct/askj.html
Play Date: 11/15/2003
PFGC (Performance Food Group--$38.67; -0.05; optionable): Wholesale food
http://biz.yahoo.com/p/p/pfgc.html
STATUS: Put. Showing a doji right below the 10 day MVA (38.80) on low volume, PFGC looks ready to make the fall though it did manage to rally off the lows Monday. PFGC gapped down from the 50 day MVA (39.10) in late October, and as is usual, it made a rebound to test that breakdown. It is failing that move, however, rolling back over at tha tlevel after trying to retake it early last week. The stock has been under heavy distribution and money flow is weak. Looks to be starting a downtrend as it has failed at the 50 day MVA as well as the short term MVA (10 and 18 day) again.
Volume: 232.194K Avg Volume: 385.59K
BUY POINT: $38.58 Volume=450K Target=$36.05 Stop=$39.12
POSITION: PGU XH - Dec. $40p (-64 delta)
http://www.investmenthouse.com/ct/pfgc.html
End part 2 of 3
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stock option
stock market data
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