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Begin part 2 of 2
Good movers Monday: DCGN; GBN; NMGC; ASCA
Continuing plays ready to move: ANT; CASY; ONNN; QADI; ULGX
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/ci/ant.html
CONTINUING PLAY LIST: This week the summary table breaks out the upside and downside plays into different sections labeled accordingly.
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.
Upside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
^OEX 11/06 A Wedge 516.23 -2.78 523.15 545 418K 650K 518.55
Current. Tested 511.74 at the day's low and rallied to close holding the simple 50 day MVA on slightly below average volume. Needs to hold here.
ALGN 11/03 Test BO 15.89 -0.99 17.45 20.85 802K 616K 16.44
Exited. Stock tanked to close below the 18 day MVA on stronger above average volume.
AMSWA 10/23 Test BO 6.7 -0.34 6.12 7.45 111K 150K 6.55
Current. Gapped down and moved further down to hold at the 10 day MVA on below average volume. Tested the 18 day MVA intraday and rallied. Still in good shape.
ANT 11/10 A Wedge 34.69 -0.23 35.58 42.45 156K 561K 34.08
Current. Continued pull back to close just above the 10 day MVA on below average volume.
BEV 11/12 Cup 7.06 -0.19 7.25 8.94 1.5M 1.7M 6.72
Current. Volatile with 7.20 at the high and 6.93 at the showing a tight doji on much lower but still above average volume. Still in good shape.
BRKS 10/29 Cup 25.1 -0.12 27 32.38 441K 1.4M 25.55
Current. Narrow trading range showing a tight doji under the 18 day MVA on very low volume. Needs to hold here. May be ready for next move up.
BRLI 10/20 Cup hdl 15.95 -1.15 13.45 16.22 934K 212K 16.41
Exited. Exited with trailing stop. Stock tanked below the 18 day MVA on strong volume surge. Tapped 14.66 intraday and rallied.
BWC 11/13 DB hdl 18.89 -0.6 20.08 24.12 79K 155K 19.19
Buy Not Issued. Thudded down to close below the 18 day MVA on below average volume. Needs to hold here or will drop.
CASY 11/06 Rv H&S 16.36 +0.36 16.37 20.12 165K 200K 15.72
Current. Tested the 18 day MVA and rallied for a nice move on stronger above average volume. Moving up the 10 day MVA.
CATS 10/27 Test BO 7.18 -0.18 7.58 9.12 56K 145K 7.05
Buy Not Issued. Continue to pull back to hold the 18 day MVA on slightly higher, but still below average volume. Still in the pattern.
CKSW 10/25 Test BO 3.9 +0.04 3.61 4.58 407K 300K 3.57
Current. Tested below the 10 day MVA and made a fierce rally showing a doji on stronger, but just slightly above average volume. May be ready for next move up.
CORI 10/27 Test BO 6.2 -0.15 6.25 7.85 732K 550K 6.08
Current. Tapped 5.84 at the low and rallied to close on the 18 day MVA on slightly above average volume. Needs to hold here.
CRA 11/13 Rv H&S 13.48 +0.18 13.94 16.75 531K 809K 13.23
Buy Not Hit. Tested the 18 day MVA and rallied on below average volume. Beginning to move up the 10 day MVA.
CYMI 11/06 DB hdl 45.91 -0.47 49.39 59.22 979K 2M 46.25
Current. Narrow trading range with 46.33 at the day's high (18 day MVA) and 45.30 at the low showing a tight doji on below average volume. Needs to hold here and rebound. Doji may indicate ready for change in pattern.
DCGN 09/20 Test BO 9.4 +0.44 4.32 5.38 1.2M 315K 7.29
Current. Gapped up but gave back part of the move on above average volume. Continue to move up the 10 day MVA.
DJO 09/11 Cup 22.45 -1.29 14 16.45 177K 100K 21.63
Current. Gapped down at the open and moved down to tap 21.35 at the day's low and rallied on strong volume. May test down further.
ECIL 10/02 Test BO 6.01 0 4.3 5.22 207K 300K 5.65
Current. Narrow trading range showing a doji on below average volume. Continue to make a lateral move above the 10 day MVA.
EGHT 10/30 Cup 3.53 -0.1 2.15 2.91 1.2M 823K 3.06
Current. More volatile with 3.80 at the high and 3.36 at the low showing a tight doji on much lower, but still above average volume.
EGOV 10/07 Test BO 6.05 -0.5 5.07 6.35 820K 264K 6.44
Current. Thudded down to hold at the 18 day MVA on stronger above average volume. Needs to hold here.
EGOV 09/20 Cup hdl 6.05 -0.5 4.8 5.68 820K 264K 6.44
Current.
EMBT 10/06 Flat 15.7 -0.09 11.24 13.38 766K 350K 14.48
Current. Beginning to make a lateral move above the 10 day MVA on stronger above average volume.
EMBT 07/26 Cup hdl 15.7 -0.09 9.33 11.12 766K 400K 14.48
Current.
ENCY 11/09 Dbl btm 6.85 -0.08 7.48 9.35 436K 522K 6.96
Buy Not Issued. Tested the simple 50 day MVA and made a fierce rally showing a doji on the 18 day MVA on stronger, but average volume.
EPIC 11/15 Flat 11.09 -0.46 11.68 14.06 912K 522K 10.81
Buy Not Hit. Gapped up at the open, but gave it back and more on much lower, but still strong volume. Tested below the 18 day MVA intraday and rallied. Still in good shape.
EVCI 10/20 Cup hdl 4.97 0 3.4 4.38 157K 125K 4.55
Current. Tested below the 10 day MVA and rallied showing a doji on average volume. Continue to move up the 10 day MVA.
FLSH 11/15 A Wedge 19.98 -1.72 22.22 26.65 447K 450K 21.08
Buy Not Hit. Stock tanked and closed below the 18 day MVA on stronger above average volume. The stock has not made the move we were looking for so will drop, but will keep our eye on it.
GBN 10/22 Cup 2.28 +0.12 1.86 2.42 940K 300K 2.02
Current. Gapped up and continued for a nice move on excellent volume surge.
GEMS 10/22 Test BO 2.82 -0.25 2.87 3.72 500K 487K 3.01
Exited. Exited with a trailing stop as stock tanked below the 18 day MVA.
MDS 11/09 Cup 14.16 +0.26 14.28 17.21 79K 120K 13.63
Current. Bounced up off the 10 day MVA and rallied on below average volume. Beginning to move up the 10 day MVA.
MKSI 11/12 DB hdl 26.71 -0.55 29.14 34.98 336K 616K 27.05
Buy Not Hit. More volatile with 27.16 at the high and 25.99 at the low closing above the 18 day MVA on stronger, but below average volume. The stock has not made the move we were looking for so will drop for now, so will keep our eye on it.
MVSN 11/09 Cup hdl 21.67 -0.48 23.08 27.69 472K 891K 21.99
Buy Not Hit. Gapped down closing below the 18 day MVA on higher volume. The stock has not made the move we were looking for so will drop for now, so will keep our eye on it.
NMGC 11/11 Cup 3.48 +0.34 2.91 3.78 3.7M 303K 2.68
Current. Great move up on strong volume surge. Did app 3.70 at the day's high, but gave some of it back. Continue to move up the 10 day MVA.
NOOF 11/01 Cup hdl 6.96 +0.01 5.27 6.32 474K 319K 6.24
Current. Making a lateral move above the 10 day MVA on above average volume.
NOOF 10/25 Cup hdl 6.96 +0.01 4.78 6.21 474K 280K 6.24
Current.
NSIT 11/15 A Wedge 17.32 -0.86 19.06 22.88 470K 819K 17.94
Buy Not Hit. Thudded down to close just above the 50 day MVA on higher, average volume. The stock has not made the move we were looking for so will drop, but will keep our eye on it.
NXTL 10/02 Cup hdl 23.2 -0.42 20.76 24.95 15M 27M 23.31
Current. Gapped down at the open and continued to move down closing below the 18 day MVA on slightly higher, but below average volume. Needs to hold here.
NXTL 09/17 Cup hdl 23.2 -0.42 20.64 24.75 15M 24M 23.31
Current.
ONNN 10/28 Test 50 4.93 -0.18 4.65 5.88 1.6M 1.7M 4.58
Current. Tested the 18 day MVA and rallied. Still in good shape.
OPSW 10/28 A Wedge 7.83 -0.62 8.95 10.95 1.3M 1M 8.42
Exited. Stock gapped down and tanked below the 50 day MVA on stronger above average volume.
PDYN 09/29 DB hdl 4.18 -0.27 2.55 3.24 406K 450K 4.22
Current. Gapped down showing a doji on much lower, but still above average volume. Still in good shape.
PLXS 11/03 DB hdl 17.89 -0.36 19.06 22.75 346K 528K 18.23
Current. Tested the simple 50 day MVA and rallied on below average volume. Needs to hold here.
PLXT 11/03 A Wedge 9.5 +0.24 8.81 10.96 90K 222K 9.02
Current. Tested the 18 day MVA and rallied closing on the 10 day MVA on low volume. Needs to hold here.
PUMA 10/27 A Wedge 6.27 -0.51 7.34 9.06 1.4M 1.4M 6.76
Exited. Stock tanked below the 18 day MVA on stronger volume.
QADI 11/12 Flat 13.26 -0.11 13.54 16.22 118K 298K 12.44
Current. Tested the 10 day MVA and rallied on much lower volume. Still in uptrend.
QLGC 11/11 Test 18 56 +0.7 57.22 65.85 5.1M 5.5M 55.35
Buy Not Issued. Rebound to close above the 18 day MVA on stronger above average volume. May be ready for next move up.
REMC 11/06 Dbl btm 11.8 -0.25 12.88 15.75 432K 800K 11.92
Buy Not Issued. Moved down closing below the 18 day MVA on higher volume. The stock has not made the move we were looking for so will drop, but will keep our eye on it
RWY 11/04 Cup hdl 6.75 0 6.24 7.85 91K 146K 6.34
Current. Beginning a lateral move above the 10 day MVA on much lower volume.
SCSS 11/11 Test 50 26.11 -1.73 29.22 35 1.2M 1M 28.96
Buy Not Hit. Tanked closing below the 50 day MVA on stronger above average volume. The stock has not made the move we were looking for so will drop, but will keep our eye on it
SOHU 10/24 Dbl btm 31.51 +0.37 37.69 45 4.5M 9M 34.85
Current. Relief bounce testing the 10 day MVA, but could not hold the entire gain.
SONS 11/13 A Wedge 8.79 -0.31 9.48 11.55 5.5M 6.8M 8.77
Buy Not Issued. Gapped down at the open and filled in the gap intraday, but could not hold the gain showing a doji on lower, but still above average volume. Making higher lows.
TARO 10/08 Cup hdl 66.19 +0.25 61.51 73 287K 501K 64.88
Current. Tested the 18 day MVA and rallied on below average volume. Making a lateral move on the 10 day MVA.
TLAB 11/10 DB hdl 8.03 -0.11 8.27 9.88 3.4M 6M 7.86
Current. Tested below the 10 day MVA and rallied showing a tight doji on below average volume. Still in good shape.
TRPH 11/01 A Wedge 4.96 -0.2 5.31 6.62 733K 1.8M 5.12
Current. Continue to pull back closing just above the 18 day MVA on below average volume. Tested below the 18 day MVA and rallied. Needs to hold here and rebound.
TSCO 06/03 Rv H&S 40.36 -0.45 23.42 27.62 460K 603K 39.94
Current. Narrow trading range showing a doji below the 18 day MVA on stronger, but still below average volume. May be ready for next move up.
TSCO 04/24 Cup hdl 40.36 -0.45 21.88 26 460K 603K 39.94
Current.
TVIA 11/04 Cup hdl 2.74 +0.07 2.62 3.34 472K 219K 2.38
Current. Tested the 10 day MVA rallied as the stock continued to move up the 10 day MVA on strong volume. Tapped 2.85 at the high, but gave some it back.
ULGX 11/13 DB hdl 5.64 +0.01 5.94 7.45 32K 130K 5.32
Buy Not Hit. More volatile session with 5.80 at the high and 5.30 at the low (18 day MVA)showing a doji on very low volume. Making a lateral move along the 10 day MVA.
VAR 10/28 Cup hdl 66.87 -0.4 64.5 74.25 626K 1.1M 65.42
Current. Tested the 10 day MVA and rallied on average volume. Still in uptrend.
VLGC 11/10 Cup 1.81 -0.08 2.06 2.72 901K 1.3M 1.92
Buy Not Issued. Gapped up at the open, but gave it back holding the 10 day MVA on below average volume. Tested the 18 day MVA and rallied. Needs to hold here and rally or will drop,
XLNX 11/12 DB hdl 35.06 +0.43 34.78 41 9.6M 11M 33.55
Current. Continue to move up the 10 day MVA on stronger above average volume.
XLNX 11/01 DB hdl 35.06 +0.43 32.68 38.68 9.6M 11M 33.55
Current.
ZHNE 09/30 Test BO 6.6 -0.12 6.04 9.19 545K 7M 6.44
Current. Tappd 6.24 at the low and rallied closing slightly below the 18 day MVA on slightly higher, but still below average volume. Support is at 6.50. Stock may test down further to this point.
ZMH 08/09 Test BO 64.18 +0.38 51.12 59.55 857K 3M 62.78
Current. Continue lateral move along the 10 day MVA on below average volume.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ARDI 11/10 Put 11.95 -0.35 12.12 10.06 328K 1M 12.98
Buy Not Issued. Gapped down and moved down on below average volume. Tapped 11.47 at the day's low, but rallied. Needs to get a relief bounce before we can enter.
ASCA 11/01 Put 20.51 -0.49 20.27 18.85 102K 185K 21.25
Current. Nice move down on below average volume. Held above resistance at 20.50.
PFGC 11/15 Put 38.67 -0.05 38.58 36.05 231K 450K 39.12
Buy Not Issued. Gapped down at the open, but got a relief bounce on low volume.
SFNT 11/11 Put 32.52 -0.29 34.05 30.55 279K 461K 35.12
Tested 31.66, but rallied on slightly higher, but still below average 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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