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stock recommendation, stock market recommendation
Begin part 3 of 3
Current plays that look ready:
Pullbacks: CKP; VNWK
Play Date: 01/03/2004
CKP (Checkpoint Systems--$20.83; +0.04; optionable): Security and protection services
http://biz.yahoo.com/p/c/ckp.html
STATUS: Testing the breakout. Still testing the breakout, showing a very tight doji on low volume right on top of the 10 day MVA (20.76). Excellent test and the doji typically portents a change in direction, particularly if it holds over a support level. CKP blasted higher a week back on huge volume. Super move with a relative strenght breakout and strong money flow. Ready to start back up.
Volume: 166.7K Avg Volume: 257.636K
BUY POINT: New: $21.72 (orig. $20.84) Volume=300K Target=$24.85 Stop=$20.55
POSITION: CKP EW - May $17.50c (84 delta) &/or Stock
http://www.investmenthouse.com/ci/ckp.html
CONTINUING PLAY LIST:
* * SPREADSHEET DOWNLOAD * * *
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http://investmenthouse.com/ihalerts/table.php
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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
AIR 12/15 BO 15.6 -0.05 12.04 14.55 417K 150K 14.94
Current. Continue with lateral move on strong volume.
AIRN 12/04 Test BO 4.07 +0.33 3.22 4.18 1.6M 537K 3.49
Current. Gapped up at the open and continue to rally for an explosive move on strong volume surge. Moving up the 10 day MVA after testing the break out.
ALTI 01/02 Test BO 3.37 -0.28 3.02 3.78 2M 2.3M 3.44
Current. Low volume pull back holding above the 10 day MVA. Needs to hold here and rebound.
ALTI 12/01 Dbl btm 3.37 -0.28 2.05 2.74 2M 1.2M 3.44
Current.
AMSC 12/29 Cup hdl 16.91 +0.65 13.37 16.22 480K 500K 15.55
Current. Nice move up the 10 day MVA on stronger above average. Tapped 17.70 at the intraday high, but gave much of it back.
AMXC 12/29 A Wedge 10.5 +0.48 7.98 9.98 174K 134K 8.98
Current. Continue to move up the 10 day MVA for a nice move on lower, but still strong volume.
AMZN 12/24 Dbl btm 55.8 +0.89 53.82 64 11M 15M 51.12
Current. Continue to move up the 10 day MVA on above average volume.
AOT 11/24 Flat 24.48 +0.24 23.37 27.95 938K 405K 23.62
Current. Moving up on rising volume after testing the break out.
ARXX 01/05 Flat 14.75 +0.66 13.26 15.94 1.2M 700K 13.48
Current. Gapped up at the open and rallied for a nice move up the 10 day MVA on strong volume surge.
ATYT 01/06 Flat 16.92 -0.26 16.92 20.21 2.3M 3.9M 16.44
Current. Gapped up at the open and reversed tapping 16.62 at the low (10 day MVA) and rallied on below average volume. Testing the break out.
AVX 12/11 Flat 18.13 +0.17 16.25 19.55 307K 450K 17.18
Current. Moving up showing a doji on lower volume. Still in good shape.
AXYX 12/30 Rv H&S 6.27 -0.34 5.57 6.94 2.6M 703K 5.62
Current. Pull back on much lower, but still strong volume. Testing the break out.
BCR 12/17 Rv H&S 85.16 +0.3 80.93 92.95 196K 500K 81.57
Current. Continue with the uptrend pattern.
CCUR 01/12 Cup hdl 5.2 -0.1 5.83 7 1.4M 1.3M 5.42
Buy Not Hit. Pull back tapping 5.05 at the low and rallied on lower, but above average volume. Testing the break out.
CHU 01/02 Test 50 11.43 +0.17 10.02 12.25 798K 880K 10.94
Current. Moved up showing a doji on lower volume. Making a lateral move above the 10 day MVA.
CKP 01/03 Flat 20.83 +0.04 20.84 24.85 163K 300K 20.55
Current. Fractional move up showing a tight doji on the 10 day MVA on low volume. Ready to move back up after testing the break out.
CKSW 12/30 Test 50 4.1 +0.08 4.49 5.51 181K 450K 4.14
Current. Gapped down below the simple 50 day MVA at the open and rallied holding under the 10 day MVA on below average volume. Waiting for a rebound off of the 50 day MVA.
CORI 01/13 DB hdl 6.9 +0.36 6.8 8.12 1.7M 1.2M 6.28
Current. Continue to move up the 10 day MVA for a nice move on stronger above average volume.
CTRA 12/10 Cup hdl 4.86 +0.17 4.45 5.69 124K 500K 4.46
Current. Moving up on lower volume. Still in the process of testing the break out.
CYBX 12/22 DB hdl 33.5 +0.04 33.73 40.45 232K 429K 33.05
Current. Tested the 10 day MVA and rallied showing a tight doji on low volume. Testing the break out.
CYH 01/09 DB hdl 29.6 +0.57 28.38 34 327K 550K 26.75
Buy Not Issued. Continue to make a low volume ascent. Did not enter the play, because volume was not there. Needs to pull back for possible play, if not will look to drop.
CYTO 01/12 DB hdl 14.01 +0.04 13.54 16.25 81K 200K 12.59
Buy Not Hit. Continue to make a low volume ascent. Did not enter the play, because volume was not there.
DNA 01/03 Test BO 90.67 +0.42 94.55 100 2.2M 3M 92.88
Buy Not Hit. Making a lateral showing a doji on average volume.
DRAX 01/06 Cup hdl 4.02 +0.14 3.88 4.74 323K 364K 3.52
Current. Pull back to tap 3.82 at the low and rallied showing a doji on average volume. Continue in uptrend.
DTAS 12/09 Flat 12 +0.55 9.49 11.88 864K 517K 10.49
Target Hit. Took some of the money off the table and will let remaining position continue to work for us. Stock continued up the 10 day MVA for a great move on very strong volume.
DTPI 12/17 A Wedge 11.39 +0.1 10.23 12.35 145K 577K 10.25
Current. Continue to make a low volume move up the 10 day MVA. Did not enter the play, because the volume was not there.
EONC 01/08 Test 18 3.73 -0.07 4.09 5.12 65K 240K 3.73
Buy Not Hit. Gapped down below the 18 day MVA at the open and rallied holding below the 10 day MVA on very low volume. Needs to hold here and rebound or will look to drop.
ERES 01/07 Dbl btm 33.16 +0.92 32.55 38.88 1.9M 2.1M 29.94
Current. Continue to move up the 10 day MVA on stronger volume.
FARO 01/10 Test BO 32.83 +0.5 31.45 38 502K 1.1M 29.25
Buy Not Issued. Low volume pull back. Needs to continue to pull back on low volume, before we will enter the play.
GTI 12/15 A Wedge 14.01 +0.07 12.66 15.22 858K 1.2M 13.18
Current. Making a lateral move on average volume.
ILXO 01/09 DB hdl 23.51 +0.6 22.42 26.82 331K 692K 21.88
Current. Continue to move up the 10 day MVA on average volume.
IMOS 12/26 A Wedge 14.8 -0.2 8.75 10.68 1.5M 552K 13.34
Current. Low volume pull back. Still in good shape.
IONA 12/20 Test BO 6.85 -0.05 5.96 7.58 334K 600K 6.48
Current. Low volume pull back on low volume. Still in uptrend.
ISSI 01/12 Cup 17.34 +0.14 19.88 23 717K 950K 17.98
Buy Not Hit. Tested the 18 day MVA and rallied showing a doji between the 10 and 18 day MVA s. Needs to hold here and rebound or will look to drop.
IVIL 12/23 Flat 4.09 -0.15 3.59 4.52 500K 340K 3.65
Current. Pull back on lower, but still strong volume. Still in an uptrend.
KEI 12/29 A Wedge 22.38 +0.38 18.73 22.78 82K 150K 20.55
Current. Continue to move up the 10 day MVA on average volume.
MALL 12/29 Test BO 17.33 -0.36 16.68 20 61K 170K 16.74
Current. Pull back tapping 16.86 at the low and rallied on very low volume. Beginning to make a lateral move.
MAXM 12/01 Rv H&S 9.21 -0.09 8.09 9.88 42K 227K 8.94
Current. Ease back on very low volume as stock tests the break out.
MERQ 01/10 Cup hdl 49.6 -0.03 51.62 59.45 1.8M 4.3M 48.88
Buy Not Hit. Tapped 48.80 at the low and rallied showing a tight doji just under the 10 day MVA on low volume. Testing the break out. May be ready to move up after the test.
MIPS 01/06 A Wedge 6.98 +0.54 6.49 7.88 542K 269K 6.01
Current. Tested the 10 day MVA and rallied for a great move on stronger above average volume.
MMSI 12/29 Test 50 23.2 +0.2 22.11 26.55 213K 260K 22.41
Current. Tested the 10 day MVA and rallied showing a tight doji on below average volume. Moving up after testing the break out.
MVSN 11/24 Cup hdl 26.1 +0.12 23.33 27.69 247K 891K 24.95
Current. Tested the 10 day MVA and rallied showing a tight doji on low volume as stock makes a lateral move.
NANX 01/03 Test BO 14.21 +0.03 10 12 1.2M 300K 11.97
Current. Continue to move up the 10 day MVA on lower volume.
NOOF 11/01 Cup hdl 10.93 +0.46 5.27 6.32 272K 319K 9.95
Current. Tested the 10 day MVA and rallied for a nice move up on below average volume after testing the break out.
NOOF 10/25 Cup hdl 10.93 +0.46 4.78 6.21 272K 280K 9.95
Current.
NOVA 01/03 Test 18 4.25 +0.1 3.77 4.89 146K 105K 3.82
Current. Tapped 3.95 at the low and rallied for a nice gain on stronger above average volume. Holding at support.
NOVL 11/22 Test BO 11.56 +0.22 8.88 10.68 4.3M 10M 10.82
Current. Moving up the 10 day MVA on low volume. May test back to the 10 day MVA.
NUFO 01/05 Dbl btm 5.6 -0.04 5.68 6.88 160K 596K 5.36
Buy Not Issued. Tested the 10 day MVA and rallied on very low volume. Testing the break out.
OCLR 12/22 Flat 31.47 +0.88 29.51 35 84K 135K 28.88
Current. Nice move up the 10 day MVA on below average volume.
OHI 12/08 Flat 9.65 +0.22 8.71 10.48 420K 200K 9.23
Current. Break out for a nice move up the 10 day MVA on strong volume surge. Did come off of the intraday high.
OMCL 12/10 Cup hdl 18.89 -0.13 16.95 20.25 152K 300K 18.22
Current. Tapped 17.69 at the intraday low and rallied on below average volume. Testing the break out.
ONNN 12/16 Test BO 7.8 +0.45 7.42 8.88 4.3M 3.4M 6.79
Current. Tested the 10 day MVA and rallied for a great move on stronger above average volume.
ORBK 01/05 A Wedge 27 +0.42 25.16 30.25 151K 198K 25.42
Current. Making a lateral move on average volume.
OTE 12/20 Cup hdl 8.04 +0.17 6.52 8.15 133K 135K 7.47
Gapped up at the open, but reversed on strong volume. Still moving up the 10 day MVA.
OTEX 01/05 Flat 24.55 -0.46 21.33 25.48 637K 650K 23.92
Current. Pull back on lower, but still above average volume. Still in great shape.
PEGA 01/07 Cup hdl 9.55 -0.09 9.25 11.12 50K 146K 8.72
Buy Not Issued. Gapped up at the open, but gave it back on low volume. Needs to continue to pull back on low volume, before we can enter the play.
PHTN 01/08 Rv H&S 42.24 +0.53 42.75 50 218K 438K 39.76
Current. Beginning to form a wedge on low volume.
PMTI 12/16 Dbl btm 10.52 -0.92 9.42 11.25 199K 180K 10.62
Exited. Took the rest of the gain off the table as PMTI turned
over with a pretty solid price drop.
PSSI 11/19 Cup hdl 12.14 -0.14 10.26 12.95 549K 779K 12.09
Target Hit. Took our gain when stock hit the target. Stock then thudded down holding above the 18 day MVA on higher volume.
PTNR 12/24 Cup hdl 8.45 +0.2 7.41 9.35 131K 135K 7.71
Current. Continue to move up the 10 day MVA on lower, but above average volume.
QCOM 12/11 Cup hdl 60.11 +0.67 50.61 58.25 7.4M 12M 56.12
Current. Continue with the uptrend pattern.
RHAT 01/09 Test BO 20.04 +0.04 20.25 24.55 4.3M 7.1M 18.62
Current. Beginning to make a lateral move on low volume.
RHAT 12/18 DB hdl 20.04 +0.04 16.51 19.58 4.3M 5.5M 18.62
Current.
RWY 11/04 Cup hdl 8.7 -0.04 6.24 7.85 51K 146K 8.04
Current. Continue with uptrend pattern.
SFY 12/08 Cup 18.21 -0.54 15.38 18.55 120K 200K 17.68
Gapped up at the open and reversed holding above the 10 day MVA on below average volume. Still in good shape.
SINA 01/07 DB hdl 47.05 +4.08 43.62 52 18M 12M 40.57
Current. Gapped up at the open, but gave some of it back on very strong volume.
SLXP 12/02 Flat 22.83 -0.04 20.29 24.55 140K 316K 21.84
Current. Bounced off the 10 day MVA and rallied to tap 23.44 at the high, but gave most of it back. Still in the pattern.
SNUS 01/13 Test BO 6.15 -0.05 6.55 7.95 59K 175K 6.09
Buy Not Hit. Gapped up at the open, but reversed on low volume. Testing the break out.
SNWL 01/10 Flat 8.9 +0.4 8.99 10.72 1.9M 1.1M 8.26
Current. Another great move up the 10 day MVA on very strong volume.
SYMM 01/08 Cup 9.9 +0.64 8.28 10 798K 346K 9.48
Current. Great move up on stronger above average volume. Recovered yesterday's loss. Moving up the 10 day MVA.
TKLC 01/12 Flat 18.84 -0.3 19.04 22.85 835K 750K 17.71
Buy Not Issued. Gapped up at the open, but reversed tapping 18.38 at the low and rallied on stronger above average volume. Still in good shape.
TMWD 12/30 Test 50 7.77 -0.08 8.38 10.15 230K 880K 7.45
Current. Pull back on low volume holding above the simple 50 day MVA. Stock continues to test the 50 day MVA.
TQNT 01/10 Cup 8.3 +0.04 8.84 10.62 2.8M 3.6M 8.22
Buy Not Hit. Tested the 10 day MVA and rallied showing a tight doji on above average volume. Moving up after testing the break out.
TRPH 12/11 Test BO 8.03 +0.13 6.49 7.68 659K 1.7M 7.27
Current. Moving back up the 10 day MVA on lower volume. May test back to the 10 day MVA.
TRPH 12/01 Test 50 8.03 +0.13 5.58 6.94 659K 1.7M 7.27
Current.
TSCO 06/03 Rv H&S 39.57 -0.17 23.42 27.62 249K 603K 38.88
Current. Continue to base around 40 on low volume.
TSCO 04/24 Cup hdl 39.57 -0.17 21.88 26 249K 603K 38.88
Current.
TTMI 01/05 Rv H&S 18.25 +0.65 18.75 22.72 723K 725K 17.15
Current. Tested the 10 day MVA and rallied as stock continues to move up the 10 day MVA on rising volume after testing the break out.
TUTR 01/08 A Wedge 12.5 -0.07 12.57 15.12 335K 284K 11.45
Current. Volatile session with 13.29 at the high and 12.13 at the low showing a doji on above average volume. Still in uptrend.
TUTS 12/29 Test 18 7.08 -0.04 7.19 8.94 60K 175K 6.46
Current. continue to pull back on low volume as stock tests the break out.
VAR 10/28 Cup hdl 74.91 +0.42 64.5 74.25 822K 1.1M 72.45
Current. Gapped up at the open showing a tight doji on much lower, but still strong volume. Continue to move up the 10 day MVA.
VNWK 12/30 DB hdl 2.68 +0.01 2.34 3.05 356K 271K 2.44
Current. Tapped 2.51 at the low and rallied on stronger volume. Moving up after testing the break out.
VOCL 01/13 DB hdl 6.05 -0.43 6.62 8.28 963K 581K 6.16
Buy Not Issued. Gapped up at the open, but reversed on lower, but still strong volume.
WMS 11/21 Dbl btm 27.12 -0.05 25.83 31.22 76K 650K 26.48
Current. Moving up on lower volume after testing the break out.
XING 01/07 Flat 13.18 +0.58 11.25 14.25 639K 862K 10.94
Current. Moving up the 10 day MVA on average volume.
ZMH 08/09 Test BO 70.01 +0.05 51.12 59.55 892K 3M 68.98
Current. Pull back showing a tight doji on below average volume. Still in good shape.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
CAKE 01/13 Put 43.27 +1.77 41.18 38 899K 700K 41.88
Buy Not Hit. Strong rally on higher volume. The stock did not make the move we were looking for so will drop, but will keep our eye on it.
LNCR 12/10 Put 28.75 +0.47 30.89 28.04 931K 2.5M 29.72
Current. Relief bounce on very low volume. Still in downtrend moving down the 10 day MVA.
TTC 12/15 Put 46.32 +0.02 45.92 42.51 82K 150K 47.05
Relief bounce on low volume. Tapped the 18 day MVA, could not hold the gain.
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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