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us stock market, stock recommendation
Begin part 2 of 2
Good movers Monday: GBN; NANO; OHI; TRPH; ZMH; ZOOM
Continuing plays ready to move: AOT; DJO; JNPR; OBAS; HOTT; CYD
Play Date: 11/24/2003
AOT (Apogent Tech--$23; -0.01; optionable): Medical instruments
http://biz.yahoo.com/p/a/aot.html
STATUS: Testing the breakout. Man. Another nice, tight doji right over the 18 day MVA (22.85), again tapping that level on the low and rebounding. Volume was up Monday, indicating it may be ready to make the move that continues the breakout. AOT gave a nice surge off the 50 day MVA to end November and breakout from the 3.5 month flat base. Very nice test in progress. Excellent money flow to go along with the accumulation.
Volume: 245.9K Avg Volume: 289.818K
BUY POINT: New: $23.28 Volume=405K Target=$27.95 Stop=$22.32
POSITION: AOT DX - Apr. $22.50c (62 delta) &/or Stock
http://www.investmenthouse.com/ci/aot.html
CONTINUING PLAY LIST:
* * SPREADSHEET DOWNLOAD * * *
Tonight we add a new feature, a spreadsheet download of the continuing play table. It will allow you to sort and otherwise the data for your own investment use. This is a service to our subscribers only, and no other use of the information is authorized. Simply click on the link, enter your username and password, and download the spreadsheet! You may have to hold down the control key as you click on the link.
http://investmenthouse.com/ihalerts/table.php
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 12/01 A Wedge 527.67 +4.16 526.85 545 0 650K 519.98
Buy Not Issued. Recovered Friday's loss on slightly lower volume. Still in the pattern.
^OEX 11/06 A Wedge 527.67 +4.16 523.15 545 0 650K 519.98
Current.
ADTN 12/04 Test 18 66.25 -0.78 68.26 75 809K 1.2M 66.12
Buy Not Hit.
AIRN 12/04 Test BO 3.13 -0.08 3.22 4.18 667K 537K 2.99
Current. Gapped up at the open and continued to rally, but gave it all back and then some on much lower, but still strong volume. Managed to retain most of Friday's great move. Still moving up the 10 day MVA.
ALDN 12/02 Cup 8.35 -0.5 9.72 11.88 104K 145K 9.01
Buy Not Hit. Gapped up at the open, then rolled over to hold at the 50 day MVA on stronger volume surge. The stock has not made the move we were looking for so will drop, but will keep our eye on it.
ALTI 12/01 Dbl btm 2.38 +0.07 2.05 2.74 2.9M 1.2M 1.89
Current. Continue to move up the 10 day MVA on lower, but above average volume. Tapped 2.60 at the high, but could not hold the gain.
AMKR 12/01 Flat 19.26 -0.04 21.34 25.38 1.2M 2.4M 19.19
Current. Tapped 19.58 at the high and 18.62 at the low showing a doji on lower, below average volume. Held at support.
ANT 11/10 A Wedge 36.79 -0.55 35.58 42.45 240K 561K 36.78
Current. Thudded down to hold the 18 day MVA on average volume. May test back further.
AOT 11/24 Flat 23 -0.01 23.28 27.95 243K 405K 22.32
Buy Not Hit. Making a lateral move on higher, but still below average volume. Testing the break out.
BEV 11/12 Cup 8.25 -0.05 7.25 8.94 785K 1.7M 7.98
Current. Continue to pull back on low volume to test the break out.
CASY 11/06 Rv H&S 16.86 -0.12 16.37 20.12 226K 200K 16.78
Current. Continue to pull back showing a doji on the 18 day MVA on strong volume. Doji may indicate a change in the pattern.
CDIC 12/06 Test BO 6.04 -0.01 6.24 7.82 224K 400K 5.92
Buy Not Issued. Gapped up at the open, but gave it back on low volume. Still in good shape.
CKSW 10/25 Test BO 4.3 +0.02 3.61 4.58 267K 300K 4.02
Current. Tapped 4.48 at the high, but gave it back holding the 10 day MVA on low volume. Beginning to move up after testing the 18 day MVA.
CTRA 12/04 Test BO 3.69 -0.27 4.33 5.44 541K 225K 4.03
Buy Not Hit. Tapped 4.05 at the high, but gave it all back holding the 18 day MVA on strong volume surge. The stock did not make the move we were looking for so will drop, but will keep our eye on it.
CY 11/17 Test 18 20.72 -0.43 22.31 26.45 5.2M 4.6M 21.65
Current. Another doji right at the 50 day MVA on sharply higher volume.
CYD 11/24 Test 50 29.85 -0.2 30.58 38 1.6M 3.5M 29.32
Current. Making low volume lateral move on the 10 day MVA.
DCGN 09/20 Test BO 8.49 +0.15 4.32 5.38 349K 315K 8.06
Current. Holding the 18 day MVA, working laterally on low volume. Will let it continue to work as it tries to set up for the next break higher.
DJO 09/11 Cup 25.05 +0.25 14 16.45 226K 100K 24.09
Current. Working laterally over the 18 day MVA as volume remains strong. Letting it work for us if it will continue to do so.
ECSI 11/20 Test 18 7.2 -0.08 7.48 8.88 56K 221K 7.07
Current. Testing the 18 day MVA on very low volume as it continues working up the short term MVA after the breakout.
EGHT 10/30 Cup 4.54 -0.62 2.15 2.91 7.9M 823K 4.98
Exited. Issued trailing stop. Thudded below the 18 day MVA on stronger volume.
EMBT 10/06 Flat 13.75 +0.15 11.24 13.38 165K 350K 13.02
Current. Tested the 50 day MVA and rallied on low volume. Still in good shape, but want it to bounce on volume from here.
EMBT 07/26 Cup hdl 13.75 +0.15 9.33 11.12 165K 400K 13.02
Current.
EONC 12/03 Rv H&S 3.72 +0.32 3.68 4.78 197K 225K 3.38
Buy Not Issued. Tested 3.42 at the low and rallied for a nice move up the 10 day MVA on lower volume. Did not enter the play today because volume was not there. Look at EAR as a comparison. EAR had expanding volume after the test unlike EONC.
EPIC 11/15 Flat 11.46 -0.05 12 14.56 425K 522K 11.42
Current. Tested the 50 day MVA and rallied on stronger volume. May be ready for move up.
EVCI 10/20 Cup hdl 5.25 -0.25 3.4 4.38 65K 125K 5.32
Current. Thudded down to close below the 18 day MVA on low volume. Should be ready to move up from here. Testing the break out.
EVCI 10/20 Test BO 5.25 -0.25 6.12 7.82 65K 125K 5.31
Current.
FLDR 11/25 DB hdl 6.1 +0.12 6.19 7.85 183K 150K 5.78
Current. Tested the 18 day MVA and rallied on stronger above average volume. Moving up the 10 day MVA.
FSII 11/25 Flat 7.05 +0.17 6.54 7.98 691K 400K 6.48
Current. Gapped up at the open and then went up to tap 7.72 at the high, but gave it all back on stronger volume. May base at 7 before trying another run up.
GBN 10/22 Cup 3 +0.25 1.86 2.42 3.3M 300K 2.45
Current. Another explosive move up on strong volume.
HDTV 12/03 DB hdl 5.98 -0.17 6.22 7.88 321K 430K 5.78
Buy Not Issued. Gapped up at the open, but then gave it all back on low volume. Continue to move up the 10 day MVA.
HOTT 11/19 Test 50 28.9 +0.07 28.55 34 803K 1M 28.55
Current.
IBIS 12/06 Test BO 16.01 -0.11 16.42 19.75 149K 297K 15.27
Buy Not Issued. Gapped up at the open, but gave it all back on low volume. Testing the break out.
IMOS 12/06 A Wedge 8.24 +0.03 8.38 10.28 754K 552K 7.52
Buy Not Issued. Tested the 10 day MVA and rallied on above average volume. Stock continues to move up the 10 day MVA.
JNPR 11/22 A Wedge 18.18 +0.28 18.23 21.85 4.4M 12M 17.99
Current. Moving up on higher volume to close on the 10 day MVA. Stock is in good shape making higher lows.
KEYN 11/17 Flat 12.54 +0.39 12.52 15 48K 200K 12.12
Current. Nice move up on low volume. Still in uptrend
MAXM 12/01 Rv H&S 8.05 -0.11 8.09 9.88 39K 227K 7.62
Current. Gapped up at the open, but gave it back on low volume. Continues to climb the 10 day MVA.
MND 12/04 Test BO 6.65 +0.1 7.06 8.84 388K 1M 6.41
Buy Not Hit. Tapped 6.80 at the high, but gave it back to hold at the 10 day MVA on low volume. Needs to hold here and move up on increase of volume.
MTMD 12/03 Cup 4.34 -0.06 4.52 5.88 183K 312K 4.15
Buy Not Issued. Gapped down at the open and rallied all the way up to tap 4.63, but gave back most of the move on higher, but average volume.
MVSN 11/24 Cup hdl 22.42 -0.12 23.33 27.69 448K 891K 22.32
Current. More volatile with 22.93 at the high and 21.74 at the low (50 day MVA) showing a tight doji on stronger volume. May be ready for next move up.
NANO 12/08 Test BO 17.19 +1.59 16.68 21.88 772K 450K 15.18
Current. Solid volume as NANO jumped off the 10 day MVA after
a brief breakout test. Nice.
NANO 11/26 Pennant 17.19 +1.59 13.93 16.75 772K 450K 14.65
Current.
NOOF 11/01 Cup hdl 9.01 0 5.27 6.32 533K 319K 8.42
Current. More volatile session with 9.50 at the high and 8.67 at the low ( 10 day MVA) showing a tight doji on average volume. Making a lateral move above the 10 day MVA.
NOOF 10/25 Cup hdl 9.01 0 4.78 6.21 533K 280K 8.42
Current.
NOVL 11/22 Test BO 9.29 +0.08 8.88 10.68 4.4M 10M 8.82
Current. Beginning to move up the 10 day MVA on low volume.
NSIT 11/15 A Wedge 18.44 +0.22 19.06 22.88 237K 819K 17.94
Buy Not Issued. Gapped down just over the 50 day MVA and then bounced.
NTST 12/06 Test BO 14.33 +0.23 14.32 17.18 81K 215K 13.08
Buy Not Issued. Still looks quite nice.
NUVO 11/28 Test 18 3.58 -0.12 3.9 4.88 456K 1M 3.63
Current. Holding at some support at 3.50 & just over the 50 day MVA. This is where it has to bounce.
OBAS 12/01 A Wedge 7.96 -0.09 8.14 9.94 125K 250K 7.49
Current. Moving laterally above the 10 day MVA on below average volume.
OHI 12/08 Flat 8.75 +0.54 8.71 10.48 469K 200K 8.04
Current. Saw this one in our weekend stock search. Great breakout
from 7 week flat base with strong 3:1 accumulation.
Saw the move and issued the alert.
ONNN 10/28 Test 50 5.98 -0.22 4.65 5.88 3.3M 1.7M 5.88
Current. Continue to pull back on above average volume. Tapped 6.40 at the day's high, but could not hold the gain. Testing the break out.
PDII 11/25 Flat 28.46 +0.62 29.82 35.48 142K 275K 27.04
Current. Tapped the 18 day MVA on the low, rebounded, and still in the lateral move of the past week.
PSSI 11/19 Cup hdl 11.71 +0.25 10.26 12.95 388K 779K 10.88
Current.
RCRC 12/02 DB hdl 20.8 -0.9 22.32 26.78 189K 169K 20.97
Buy Not Hit. Thudded down on stronger volume to hold just above the 50 day MVA. The stock has not made the move we were looking for so will drop, but we will keep our eye on it.
RWY 11/04 Cup hdl 7.84 +0.05 6.24 7.85 76K 146K 7.34
Current. Tested the 10 day MVA and rallied as stock moves up the 10 day MVA on low volume.
SCON 11/24 Test BO 6.4 -0.22 6.38 7.78 1.5M 3M 6.42
Current. Gapped up at the open, but gave it all back holding the 18 day MVA on below average volume. May test back a bit further.
SCON 11/18 Test BO 6.4 -0.22 6.22 7.78 1.5M 3M 6.42
Current.
SLXP 12/02 Flat 20.15 +0.22 20.29 24.55 233K 316K 19.32
Current. Holding 20 in as it works laterally after the strong move last Wednesday. Looks like a handle forming.
SMDI 11/22 DB hdl 4.83 -0.27 5.49 6.85 236K 299K 5.11
Exited. Gapped up at the open, but then rolled over falling to hold just above the 50 day MVA on stronger volume.
SOHU 10/24 Dbl btm 32.22 -0.18 37.69 45 1.5M 9M 34.85
Exited. Tapped 31.22 at the low and rallied showing a tight doji may be ready to move up
SONC 11/22 Test BO 30.99 +0.3 31.22 37.62 254K 500K 30.27
Current. Holding over the 18 day MVA.
TMWD 11/19 BO 7.26 -0.73 8.15 9.78 1.2M 900K 7.77
Exited. Stock tanked closing just above the simple 50 day MVA on strong volume surge.
TRPH 12/01 Test 50 6.68 +0.68 5.58 6.94 3.6M 1.7M 5.32
Current. Another explosive move up the 10 day MVA on strong volume.
TSCO 06/03 Rv H&S 38.54 -1.75 23.42 27.62 1.7M 603K 39.78
Current. Stock tanked but held above support at 38. On a strong stock like TSCO will give it a couple of day's to see if it is going to recover.
TSCO 04/24 Cup hdl 38.54 -1.75 21.88 26 1.7M 603K 39.78
Current.
TTEC 11/19 Test BO 10.99 +0.29 10.25 12.27 609K 660K 10.22
Current. Tested the 10 day MVA and rallied for a nice move up the 10 day MVA on higher volume.
TVIA 11/24 Test BO 3.07 -0.14 2.7 3.38 149K 265K 2.92
Current. Wild action down to the 18 day MVA on the low and then a furious rebound. Still working up the 10 day MVA, but now moving laterally. That is okay, but needs to hold the 10 day.
TVIA 11/04 Cup hdl 3.07 -0.14 2.62 3.34 149K 219K 2.92
Current.
ULGX 11/13 DB hdl 5.92 -0.34 6.51 8.12 135K 130K 6.05
Current. At the 18 day MVA on rising volume. Needs a bounce here.
VAR 10/28 Cup hdl 69.58 -0.47 64.5 74.25 713K 1.1M 68.02
Current. Holding the 10 day MVA though volume moved above average on some selling.
VARI 11/24 Test BO 40.96 +0.62 41 49.22 153K 260K 39.97
Current. Held the 18 day MVA and bounced as it continues the move up the short term MVA following the breakout.
VLGC 11/10 Cup 2.85 +0.04 2.14 2.82 1.1M 1.3M 2.56
Current. Tapped 2.56 at the low and rallied on stronger, but still below average volume. Continue to test the break out.
WMS 11/21 Dbl btm 25.87 +0.08 25.83 31.22 236K 650K 25.68
Current. Showing a tight doji on the 18 day MVA on below average volume. Testing the break out.
XLA 11/17 Test BO 2.67 +0.02 3.14 4.12 124K 950K 2.87
Current. Beginning to move up on lower volume after testing the break out.
XLNX 11/12 DB hdl 36.33 +0.8 34.78 41 5.8M 11M 36.04
Current. Good recovery back over the 18 day MVA though volume lower. Needs to make the continued rebound form the Friday selling.
XLNX 11/01 DB hdl 36.33 +0.8 32.68 38.68 5.8M 11M 36.04
Current.
ZMH 08/09 Test BO 66.91 +1.13 51.12 59.55 1.1M 3M 65.04
Current. Up off the 18 day MVA on rising though still below average volume.
ZOOM 12/08 Test 18 4.24 +1.07 4.1 5.15 431K 150K 3.68
Current. Super breakout test as ZOOM bounded off its 18 day
MVA on huge volume. Saw the volume move, saw the excellent
5 to 0 accumulation, issued the alert.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ARDI 11/10 Put 12.13 -0.15 11.95 10.06 374K 1M 12.62
Current. Pull back on stronger, but still below average volume. Tapped the 10 day MVA and rolled over. Holding above support at 12.
SFNT 11/11 Put 31.56 -0.34 34.05 30.55 198K 461K 32.98
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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