stock option, Breakout test

Begin part 2 of 3

THE PLAYS:

New Plays:

Upside:

Play Date: 11/18/2003
ANLY (Analysts Intl.--$3.28; +0.08; no options): Business software
http://biz.yahoo.com/p/a/anly.html
STATUS: Testing the breakout. A nice test of the breakout, coming back to tap the 18 day MVA (3.05) intraday and then rallying to post a gain though on lower volume. ANLY broke out of a 13 week cup with handle base 6 sessions back, rallied to 3.50ish, and then makde the current pullback on very light volume. Accumulation in the base is a solid 4 to 2 (4 up weeks on rising volume to 2 down weeks on rising volume). Outstanding money flow and a relative strength breakout. Ready to resume the breakout move.
Volume: 83.091K Avg Volume: 64.863K
BUY POINT: $3.34 Volume=100K Target=$4.35 Stop=$3.15
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/anly.html

Play Date: 11/18/2003
NUVO (Nuvelo--$3.64; +0.18; no options): Diagnostic substances
http://biz.yahoo.com/p/n/nuvo.html
STATUS: Test 18 day MVA. Broke out of a 4 month cup base in late September, rallied to 4, and tehn fell back into the current 7 week pattern. It has rallied up the 18 day MVA (3.48), coming back to test thhat level the past week on light volume. Tuesday it rallied up off that support on rising though still very low, below average volume. Accumulation in the current pattern along the 18 day MVA is 3 to 1. Excellent money flow and relative strength ready to breakout. The selling the past week looked like a shakeout, clearing ou the last sellers. It now looks ready to continue the breakout move.
Volume: 374.847K Avg Volume: 670.5K
BUY POINT: $3.81 Volume=1M Target=$4.88 Stop=$3.53
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/nuvo.html

Play Date: 11/18/2003
SCON (Superconductor Tech--$5.95; +0.15; no options): Wireless network components
http://biz.yahoo.com/p/s/scon.html
STATUS: Testing the breakout. SCON blasted out of a 6 week ascending triangle Friday on a huge volume surge. Excellent 4 to 1 accumulation in the short pattern that formed following the breakout from a 16 week cup with handle base. Nice base on base pattern that can lead to some very strong gains. Relative strength broke out as well, a good confirmation of the breakout strength.
Volume: 3.705M Avg Volume: 1.504M
BUY POINT: $6.22 Volume=3M Target=$7.78 Stop=$5.74
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/scon.html

Downside:

Play Date: 11/18/2003
MERQ (Mercury Interactive--$45.34; -1.22; optionable): Technical and system software
http://biz.yahoo.com/p/m/merq.html
STATUS: Put. MERQ is struggling with the 50 day MVA (47.35), tanking through that level in late October, rallying back over that level on lower, below average trade, and then collapsing back below to start the week. Tuesday it tapped the 50 day on the high and then rolled over on rising, almost average trade. Diving money flow, and we are looking for MERQ to follow the money flow lower and hit the October low for starters.
Volume: 3.253M Avg Volume: 3.374M
BUY POINT: $45.21 Volume=3.5M Target=$42.05 Stop=$46.05
POSITION: RQB MR - Jan. $47.50p (59 delta)
http://www.investmenthouse.com/ci/merq.html

End part 2 of 3

stock option
Breakout test