|
|
us stock market, stock trading site
Begin Part 2 of 2
THE PLAYS:
Monday plays:
HARB: Did not quite make the break.
AVY: Managed to rally over the 50 day MVA on rising volume. Will see if it stalls again at 65.70.
NCOG: Started the breakdown.
TSN: The chicken is moving back up.
Best Plays:
1) PTSI: Trucking looks strong.
2) KKD: Dumping harder.
3) Continuing stocks shaping up: HOTT in a nice test. ORB starting to make a move. DESI still in a nice test. SIE is giving a nice test itself. SNIC gave a super bounce off of the 50 day MVA.
New Plays
Upside
PTSI (Pam Transportation--$25.80; +0.27; no options): Trucking
http://biz.yahoo.com/p/p/ptsi.html
STATUS: Flat base. PTSI is in a good sector for an improving economy. It has been working through this flat base for 3.5 months and is trading between 24 and 26. Wednesday it showed a good volume spike on a move higher and it did the same Monday with a hammer doji after two sessions of selling. Accumulation weeks lead distribution weeks 4 to 1 in the pattern. The volume spikes on up sessions tell us to be ready for a move up and out of the pattern.
Volume: 105.5K Avg Volume: 61.681K
BUY POINT: $26.65 Volume=125K Target=$31.98 Stop=$24.20
POSITION: Stock (no option chain)
http://www.investmenthouse.com/cd/ptsi.html
Downside
KKD (Krispy Kreme--$33.9; -2.1; optionable): Doughnuts
http://biz.yahoo.com/p/k/kkd.html
STATUS: Put. After playing around with the 200 day MVA (37.85) KKD has rolled lower the past week. Monday it really dumped on some heavy volume after a weak rise Friday. This move breaches some support at 35, opening the door for a much lower drop. Now it has already suffered some pretty strong selling and it may try to test back up to 35 before continuing the drop. On a test of 35 that starts to roll back down we will look to open positions.
Volume: 913.2K Avg Volume: 447.545K
BUY POINT: After a test of 35, $34.50 (aggressive) or $33.75. Volume=750K Target=$30 Stop=$36
POSITION: KKD TH - Aug. $40 put (-82 delta)
http://www.investmenthouse.com/cd/kkd.html
WYE (Wyeth--$53.74; -0.86; optionable): Drugs
http://biz.yahoo.com/p/w/wye.html
STATUS: Put. WYE has trended steadily lower, bouncing down the 18 day MVA (53.54). Monday it tested down to 49.74 on the low and rebounded after two sessions of selling. It looks as if it is going to rebound to test the 18 day MVA once again and then roll back over. It may happen tomorrow as we have seen many of these short covering rebounds last about a day and one half. When it does roll over we are going to jump on the downside for another move lower.
Volume: 4.157M Avg Volume: 3.957M
BUY POINT: After a test of 53.54, $53.25 is the buy point. Volume=4.2M Target=$49.15 Stop=$55
POSITION: WYE VL - Oct. $60 puts (-67 delta)
http://www.investmenthouse.com/cd/wye.html
PORTFOLIOS: Due to subscriber requests, we are merging the portfolios into one Member Portfolio controlled by the subscribers with periodic surveys on the stocks desired. We had a big response over the weekend and will be putting the new Member Portfolio together soon. If you have not done so, get your choices in now.
MEMBER PORTFOLIO: CSCO, SEBL, EMLX, BRCM, HDI, BRCD, BUD, AMGN, WMT, ORCL, HB, NOC
We have some great new choices. Get your votes in.
Continuing plays:
Stock Date Play Close +/- Pivot Tgt Vol AvgV Stop
ABCW 06/20 A Wedge 23 -0.4 23.35 27.55 50K 50K 21.65
Turned right back down Monday following Friday gain. Still holding up however.
ACN 05/11 Put 19.15 -0.55 19.7 15.65 3.4M 3.2M 21.30
Turning back lower on some rising volume.
ACV 05/22 Put 50.04 -1.24 53.95 50.5 372K 204K 55.25
Nice plunge on some erious volume. Hit the target.
AVY 06/22 Put 65 +1.24 63.49 59 446K 400K 66
AXP 05/08 cup hdl 37.1 -0.2 43.53 52 5.2M 4.7M 40.48
BLI 06/11 Test BO 18.13 -0.79 18.5 22 892K 619K 17.30
Could not break higher and is now back at the 18 day MVA. Still above the breakout, but needs to hold here.
BLL 06/06 Put 43.65 -0.01 41.54 38 451K 473K 44
Stalling at the down trendline but not tanking lower. If it tests 42 we will be inclined to exit.
BOBE 05/22 A Wedge 31.17 -0.77 31.9 38 188K 244K 30.25
Down to the 50 day MVA on lower volume. Just could not continue the move. Needs to hold here.
BWA 06/08 Put 58.16 +0.16 59.99 55 471K 346K 63
Tested lower toward the target but rebounded with the rest of the market.
BZH 06/18 Put 77.85 -0.73 75.95 72 405K 522K 81
Started back down but recovered with the market on the close.
BZH 06/03 Put 77.85 -0.73 74.45 70.45 405K 522K 77
CBSH 06/18 BO 44.39 -0.55 46.67 56 257K 120K 43.85
Not the move we wanted, crashing below the 50 day MVA on heavy volume. Just did not give the move.
CCRN 05/08 Test BO 34.45 -1.6 32.7 39.75 540K 507K 31.70
Had to close it out.
CHGO 05/28 Test 18 8.93 +0.42 7.75 10 189K 298K 7.21
Nice move up off 8.50 on some rising volume.
CHGO 05/09 Test 50 8.93 +0.42 7.3 10 189K 298K 7.02
CLF 05/15 Test BO 27.35 +0.33 28.2 34 38K 81K 26.90
Trying to get through the simple 50 day MVA but not volume today.
COH 06/03 Put 53.13 -1.87 49.65 45 817K 481K 52
Much better downside action, falling on rising volume and closing below the 50 day MVA.
CTSH 06/06 Put 49.42 +0.45 44.65 40.25 302K 165K 47.25
DESI 05/29 Test 18 7 0 7.25 11 76K 134K 6.74
A hammer doji on the 18 day MVA. May be ready to move.
DGX 01/31 cup hdl 85.71 -1.44 68.9 100 1.3M 942K 84
Below the 50 day MVA on rising, above average volume.
DLTR 05/09 Flat 38.89 +0.72 38.95 33 1.7M 1.2M 36.22
A good, solid move up off the 50 day MVA on continued rising, above average volume.
DROOY 05/21 A Wedge 4.56 -0.34 4.85 7 9.8M 4.2M 4.30
Gold is volatile. Back down to the 50 day MVA on some strong volume. All this fuss over yellow metal.
ELK 06/01 DB hdl 27.89 +0.29 27.46 34.96 77K 101K 24.95
Still nice in the pattern.
ENC 05/06 Rv H&S 9 +0.15 7.3 9.5 52K 35K 6.79
Wow. Still moveing up.
EXAS 06/15 cup hdl 14.4 -0.43 15.3 18.5 160K 97K 12
Could not make the breakout, testing the 18 day MVA on lower volume.
Still in the pattern.
FDP 05/21 A Wedge 27 -0.24 24.75 29.7 509K 240K 23.02
Making its own test of the 50 day MVA.
FHCC 06/11 cup hdl 28.37 -0.63 29.85 36 940K 969K 27.76
FORG 06/15 Test BO 5.32 -0.05 5.15 6.85 143K 139K 4.20
FRX 06/10 Put 70.03 +0.53 72.45 68 1.5M 1.2M 75
Bounced on some higher volume but we expect it to fall right back down.
GILD 06/15 Put 33.12 +1.94 32.49 28.25 4.5M 3.4M 34.50
Bouncing up to the 200 day MVA.
HARB 06/22 BO 23.98 +0.01 24.11 29 60K 41K 21.75
HI 06/11 Put 50 +0.32 52.25 48 2.5M 3M 55.50
Doji at 50 but no volume. Getting closer to really breaking down.
HLT 05/06 Put 13.6 -0.19 14.3 12 1.5M 1.9M 15.80
HLYW 05/29 Test 18 20.32 +0.07 19.25 27 646K 800K 17.9
Moving higher still but no volume at the old high.
HNT 05/11 Test 50 25.99 -1.66 29.25 33 1.5M 778K 27.50
Slaughtered. Closed it out.
HOTT 06/12 Test BO 26.75 +0.04 27.05 32 509K 705K 24.64
Doji at the 18 day MVA. Looks ready for another bounce.
HOTT 05/29 Test BO 26.75 +0.04 26.5 32 509K 705K 24.64
HUM 06/20 cup hdl 15.59 -0.96 17.34 21 2.6M 1.2M 16
Man. Never got out of the blocks before getting mauled.
IGEN 06/17 Put 34.24 -0.61 35.15 32 112K 239K 37
KKD 06/24 Put 33.9 -2.1 33.75 30 913K 448K 36
KMI 06/19 Put 40.2 0 40.75 37 697K 680K 43.25
Doji at 40. May bounce toward 41, but still well in the downtrend.
KMI 05/25 Put 40.2 0 44.75 40.25 697K 680K 41.62
LBIX 05/06 Flat 2.54 +0.14 1.95 3.5 122K 105K 1.58
Solid move higher.
LLL 06/10 Put 56.6 -0.79 59.1 54 2.3M 1.1M 62.50
Continuing lower on rising volume.
LTR 06/15 Put 54.63 -0.86 54.95 50.25 1M 457K 57
Big tank lower though it did manage to recoup much of the loss. Still in trouble.
NCC 04/30 cup hdl 32.37 -0.06 31.42 37.25 1.2M 1.1M 29.75
Trying to bounce off of the 50 day MVA. Second quick test of this level. Need to be cautious here.
NCOG 06/22 Put 21.31 -0.24 21.3 18.04 264K 207K 24
ORB 06/04 cup hdl 7.61 +0.42 8.02 11.94 260K 336K 7.25
PEET 06/18 A Wedge 18.49 +0.43 18.35 22 257K 220K 16.75
Hit the buy point on good though not huge volume.
PTSI 06/24 Flat 25.8 +0.27 26.65 31.98 106K 62K 24.20
RE 06/11 Put 59.09 -0.96 58.55 54 279K 575K 63
Turning back down again.
RITA 05/28 Cup 9.57 -0.25 10.1 13.9 38K 107K 9.39
SAM 06/12 cup hdl 15.9 0 16.85 20.5 48K 37K 15.45
SCLD 06/01 cup hdl 2.5 -0.2 3.54 4.95 49K 74K 3.15
Dried up and blow away.
SIE 06/11 Test 18 21.04 -0.36 20 24.25 400K 238K 18
A good test of the 10 day MVA.
SNIC 05/30 A Wedge 8.69 +1.12 8.2 11 865K 292K 6.95
Nice bounce higher with volume to boot.
SNS 04/12 Test BO 14.23 +0.18 14.8 18 218K 101K 13.76
Doji and testing the 50 day MVA on the high.
SNS 04/10 Dbl btm 14.23 +0.18 14.65 18 218K 101K 13.76
STT 05/20 Put 43.54 +0.37 47.35 42.5 1.8M 1.4M 51.50
Still continuing the downtrend with periodic bounces higher.
TMPW 05/28 Put 23.51 +0.02 26.95 22.65 2.1M 2.6M 30.50
Just continuing to ride down the 10 day MVA.
TSN 05/22 Test BO 15.15 +0.15 15.15 18 1M 969K 14.50
A bounce up off of the 18 day MVA, but not a lot of volume.
TSN 05/11 Test BO 15.15 +0.15 14.5 17.5 1M 969K 13.48
UNP 06/22 Cup 64.04 -0.45 64.9 73 1.2M 1.2M 60.36
UNP 06/12 Cup 64.04 -0.45 64.08 73 1.2M 1.2M 61
USAP 05/13 Test 18 14.65 -0.65 15.2 19 26K 94K 14.14
USPH 06/19 cup hdl 19.76 +0.03 20.05 25 297K 92K 18.65
USPH 06/08 Flat 19.76 +0.03 19.1 24.85 297K 92K 17.25
USPI 05/15 Test 18 28.56 -0.3 28.05 37 562K 358K 26.09
Tanked below the 50 day MVA and reversed to close over it.
WMT 06/17 DB hdl 55.75 +0.77 59.4 73 11M 7.8M 55.24
Up on some strong June sales data, testing the 200 day MVA on the high. Volume was solid.
WTW 05/23 Test BO 40.5 -0.73 43.7 50 599K 186K 40.64
A secondary offering is hurting the stock as it closed below the 50 day MVA on some heavy volume.
WYE 06/24 Put 53.74 -0.86 53.25 49.15 4.2M 4M 55
ZNT 05/23 A Wedge 31.89 +0.02 31.6 37.94 48K 35K 30
Just minding its own business.
Good Investing!
Jon L. Johnson and The Daily Staff
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 of 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.
|
us stock market
stock trading site
|
