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stock recommendation, stock option
Begin Part 2 of 2
THE PLAYS:
Good movers: MMC making the move downside.
Best Plays:
1) OMX: Looks ready for next 18 day MVA bounce.
2) HOV: Looks like some downside.
3) Continued: ECL; UVN
NEW PLAYS
Upside
OMX (Officemax--$7.39; +0.1; no options): Office supply superstore
http://biz/yahoo.com/p/o/omx.html
STATUS: 18 day MVA bounce. After breaking out of a cup with handle in February, OMX has now bounced up off of the 18 day MVA twice. It has very good indicators: money flow, relative strength, and price/volume action. We are looking at catching the next two bounces off the 18 day MVA.
Volume: 1.859M Avg Volume: 1.265M
BUY POINT: $7.65 Volume=1.9M Target=$11 Stop=$6.60
POSITION: Stock (no option chain)
http://www.investmenthouse.com/ct/omx.html
MERQ (Mercury Interactive--$33.83; +0.21; optionable): Software
http://biz/yahoo.com/p/m/merq.html
STATUS: Rolling. MERQ is rolling up and down, making some higher lows over the past 7 weeks. Tuesday it showed a hammer doji with the tail tapping down to the 200 day MVA (32.75) and rebounding to the close. MERQ has done an admirable job in rolling in this range, and we are looking to capture the move. Given it is a $5 move we are looking primarily at option positions. This is an aggressive play, but we like the action.
Volume: 3.306M Avg Volume: 4.479M
BUY POINT: $35.35 Volume=6.7M Target=$39 Stop=$32.88
POSITION: RQB JF - Oct. 30 call, 71 delta
http://www.investmenthouse.com/ct/merq.html
Downside
HOV (Hovnanian Enterprises--$27.5; -0.82; optionable): Residential construction
http://biz/yahoo.com/p/h/hov.html
STATUS: Put. Did not respond too well to the existing home sales numbers, breaking below the 50 day MVA (27.98) again Tuesday on rising, above average volume. This follows a massive breach of the 50 day MVA 8 sessions back; this is the lower volume rally back up to that point to test it, and today's break lower on stronger volume looks like the start of the put play as the kiss goodbye is over.
Volume: 422.2K Avg Volume: 350.818K
BUY POINT: $26.45 Volume=525K Target=$22 Stop=$29.25
POSITION: HOV TG - Aug. 35 put, -70 delta
http://www.investmenthouse.com/ct/hov.html
Continuing plays:
We have put all plays in a summary table that contains the date the stock was put on the report (so you can go back and check out the details of the play) and the other pertinent information. This provides more information than the watchlist summaries and still contains comments when appropriate. VIEW THIS IN COURIER NEW, 12 FOR BEST RESULTS. You can also easily print the table from the website (www.investmenthouse.com) from the 'current reports' section. If you just want to print the table you can cut and paste it to a word document setting the font to Courier New size 12. Just left click on the beginning of the table and drag to the table end. After selecting, right click and select 'copy.' Paste into your word processor. Select it all and choose Courier New, font size 12.
Stock Date Play Close +/- Pivot Tgt Vol AvgV Stop
ABF 05/11 BO 22.65 -0.33 22.23 25.75 384K 693K 20.67
Took a breather on lower volume, holding above the 10 day MVA.
AMHC 05/22 A Wedge 26.87 -0.38 28.05 36 127K 241K 26.09
Holding above the 50 day MVA, but struggling after failing the BO.
ATH 05/16 Test 50 66.5 -0.66 68.5 75 420K 1.2M 63
Showing very low volume the past week as it consolidates.
BGG 05/11 Put 41.7 -0.11 39.4 35 146K 142K 42
BL 05/21 cup hdl 22.93 +0.08 23.85 27.5 22K 14K 22
Still in a tight pattern with another volume spike Tuesday.
BLC 05/25 Flat 24.02 -0.02 24.25 30 370K 303K 22.55
BRO 04/22 cup hdl 34.3 -0.39 35.63 42.75 258K 336K 32.95
Testing the 50 day MVA on rising, average volume.
BYBI 05/23 BO 10.13 -0.8 9.7 12.75 169K 41K 9.02
Reversed Friday gain but volume was half of Friday.
CACI 05/08 Put 29.55 -1.61 31 27.5 556K 718K 32.50
Diving beautifully on the put.
CCMP 05/20 Put 49 +0.34 51 45 598K 1.5M 53.80
CDI 05/11 Pennant 27.48 -0.57 30 34.75 20K 56K 27.90
Shaking out or getting ready to tank.
CERN 05/20 A Wedge 50.85 -0.8 56.1 60 385K 472K 53
CTX 05/11 Put 54.25 -0.9 53.5 49 1.2M 1.3M 56
DVN 05/25 A Wedge 50.55 +0.13 50.95 61 524K 1.1M 47.38
Tried to make the move, but no volume.
ECL 05/23 cup hdl 46.95 -0.39 47.8 57.36 279K 369K 44.45
Very nice pullback, holding the 10 day MVA.
ELBO 05/11 Put 26.19 -0.71 30.2 26 750K 420K 32.50
Hit the target.
FNFG 05/22 Pennant 25.43 -0.25 25.95 31 49K 42K 24.13
Still tight, and still strong volume.
FRX 05/16 Put 75.23 -0.3 75.9 71 600K 1.3M 78.50
FSS 05/22 DB hdl 25.77 +0.06 25.8 31 251K 194K 23.99
Moving up on above average volume still, but closed off the high.
GMP 04/25 cup hdl 18.61 -0.04 18.85 22.62 6.9K 7.5K 17.75
GMRK 04/20 Test 50 41.9 +0.02 44.63 55 53K 64K 41.75
Announced a 2:1 stock split.
GNSS 05/15 BO 25.08 +0.08 28.1 34 1.6M 4M 26.90
GNTA 05/04 Put 10 +0.78 11.75 9 1.2M 1.5M 12
GRTS 05/16 Test 50 31.5 -0.15 34.9 44.5 250K 149K 32.46
HAR 05/13 Test 18 56.3 -1.8 58.55 64 200K 210K 54.45
HGR 05/20 Test 50 13.68 -0.02 12.6 19 65K 104K 11.72
Stalling a bit on low volume at previous high.
HI 05/20 Put 52.85 -0.22 53.45 48.5 2.7M 3M 56
Finding some support at 52 the past week.
HLT 05/06 Put 13.98 -0.01 14.3 12 1.8M 2.3M 15.80
Tried to rally, but fell lower again; 14 is acting as some support.
HOV 05/28 Put 27.5 -0.82 26.45 22 422K 351K 29.25
HSIC 05/15 BO 49.45 -0.61 49.4 56.9 518K 336K 46.50
Need to be careful. Higher volume though still holding the pattern.
HZO 05/04 A Wedge 13.55 -0.26 14.5 17.4 29K 79K 13.75
IMDC 05/20 Put 32.2 +0.13 29.9 26 132K 205K 32
IMN 05/25 A Wedge 30.41 +0.19 31.58 38 124K 128K 28.25
IRM 05/01 A Wedge 31.81 -0.6 32.6 39.25 75K 200K 30.75
Tested the 50 day MVA on the low, on low volume.
ITN 05/13 DB hdl 13.02 -0.18 13 16.5 67K 111K 11.75
IWM 05/21 Put 98.12 -0.25 97.85 94 1.5M 0 101
Tested 97 on the low and recovered late. Strong volume.
KLAC 05/25 BO 55.01 +0.58 55.25 60 9.4M 12M 51.38
KROL 06/06 BO 20.8 -0.2 20.2 24 356K 274K 19.50
LNCR 05/16 cup hdl 29.5 +0.03 32.7 39 741K 1000 30.41
MERQ 05/28 A Wedge 33.83 +0.21 35.35 39 3.3M 4.5M 32.88
MMC 05/25 Put 101.55 -1.53 101.95 97.75 671K 942K 105
Tanking hard on the put!
NFB 04/13 BO 39.28 -0.19 36.55 43.5 347K 663K 37
Holding up at the 18 day MVA well on low volume.
OMX 05/28 Test 18 7.39 +0.1 7.65 11 1.9M 1.3M 6.60
OSIP 05/25 Put 31.84 +0.11 31 27.25 587K 617K 34.25
PCLE 05/06 cup hdl 10.65 +0.23 10.27 13 736K 514K 9.40
All the way to the 50 day MVA on the low but a good recovery.
RAH 05/08 Test 18 28.89 +0.09 29.1 35 102K 98K 27.06
Tested the 50 day MVA as well and recovered nicely.
SGR 05/11 A Wedge 35.25 -0.01 34.32 40.75 325K 638K 31.92
Doji at 36, but nice low volume.
SLVN 03/27 cup hdl 27.79 +0.2 27.05 32 137K 340K 26.55
Still riding along above the 50 day MVA on low volume.
SOTR 05/02 cup hdl 25.68 -0.23 27.42 32.96 1M 1.1M 25.50
Tanking out of the pattern.
TEVA 05/15 BO 66.3 -0.5 62.1 67 831K 1M 60.50
Pulled back as expected, but mild volume and holding well.
UVN 05/04 Put 39.75 -0.5 39.95 35.5 784K 1.1M 42
Looks ready for some more selling.
VMC 05/11 Put 46.63 -0.43 45.9 41.5 126K 179K 47.50
Testing the 200 day MVA; looks ready.
WFC 03/28 A Wedge 52.71 -0.18 50.85 60.52 3.6M 4M 50
WL 04/25 Put 62.45 -0.99 65.6 62 58K 79K 67
Hit the target.
WYE 05/23 Put 56.85 +0.41 57.5 54 2.7M 3.9M 59.50
Holding on at 56.
XRAY 05/25 A Wedge 39.74 -0.19 40.35 48.25 693K 318K 37.53
XTO 03/27 A Wedge 20.75 -0.23 20.98 25.98 358K 533K 19.75
Holding above the 18 day MVA on continued low volume.
ZMH 05/25 cup hdl 35.42 -0.23 36.95 45 250K 728K 34.36
Very nice handle action: low volume, test lower and recovery.
Good Investing!
Jon L. Johnson and your Technical Traders Report 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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stock recommendation
stock option
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