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trade stock, stock recommendation
Begin part 2 of 2
THE PLAYS:
KDE with a big breakout. CENT broke out as well.
NEW PLAYS
Upside:
IDXX (Idexx Labs--$31; +0.02; optionable): Diagnostic substances
http://biz.yahoo.com/p/i/idxx.html
STATUS: Cup w/handle. In a 4-month base showing excellent accumulation at 5 up weeks on rising volume to 1 down week on rising volume. IDXX rallied up almost to the May pre-correction high and pulled back to test the 50 day MVA. It is now holding above the 18 day MVA (30.50) on the low as it moves in the handle on below average volume other than a volume spike accompanying a doji Wednesday. Money flow is ahead of the price, and relative strength is ahead of where it was at the May high.
Volume: 253.417K Avg Volume: 294.545K
BUY POINT: $32.11 Volume=468K Target=$36.75 Stop=$29.86
POSITION: IQX LF - Dec. $30c (61 delta) and/or Stock
http://www.investmenthouse.com/ct/idxx.html
ITRU (Intertrust Technologies--$3.28; +0.19; no options): Application software
http://biz.yahoo.com/p/i/itru.html
STATUS: Ascending wedge. Breaking out of the 3 month pattern with a volume surge the last week. Thursday is showed excellent volume as it continued a strong move from Wednesday. Accumulation in the base is positive at 2 up weeks on rising volume to 1 down week on rising volume; again, a simple majority is all that it takes. Looking solid here.
Volume: 770.122K Avg Volume: 388.727K
BUY POINT: $3.35 Volume=550K Target=$4.75 Stop=$2.99
POSITION: Stock (no option chain)
http://www.investmenthouse.com/ct/itru.html
Downside:
MCHP (Microchip--$19.78; +0.28; optionable): Semiconductor
http://biz.yahoo.com/p/m/mchp.html
STATUS: Testing the 50 day MVA. Bounced up off of 16 on the recent rally on some serious volume, but Thursday MCHP tried to trade over the 50 day MVA (20.74) on the high (21.04) and then gave most of the move up. The pattern is a tombstone doji on high volume; that is a signal of a rollover, and it coincides with the downtrend that started in May. Looks ready to fall again.
Volume: 9.192M Avg Volume: 4.295M
BUY POINT: $19.45 Volume=5.5M Target=$16 Stop=$21
POSITION: QMT MX - Jan. $22.50p (-52 delta)
http://www.investmenthouse.com/ct/mchp.html
CONTINUING PLAYS
Downside:
LH (Laboratory Corp.--$33.2; -0.09; optionable): Medical labs
http://biz.yahoo.com/p/l/lh.html
STATUS: Put. Setting up as expected, testing a bit higher and then rolling over on very, very low volume. Did not even make the 50 day MVA. On further selling we move in.
Volume: 1.062M Avg Volume: 1.938M
BUY POINT: $33.55 Volume=2.5M Target=$27.75 Stop=$35
POSITION: LH WG - Nov. $35p (-61 delta)
http://www.investmenthouse.com/ct/lh.html
PL (Protective Life--$30.68; +0.13; optionable): Life insurance
http://biz.yahoo.com/p/p/pl.html
STATUS: Put. Testing breach of 200 day MVA (30.92). Doing as expected, reaching over the 200 day Thursday and then reversing. Showing a tight doji below the 200 day on a big volume spike. That is a sign of reversal at resistance.
Volume: 416.5K Avg Volume: 192.909K
BUY POINT: $30.45 Volume=200K Target=$27.45 Stop=$31.55
POSITION: PL WG - Nov. $35p (-60 delta)
http://www.investmenthouse.com/ct/pl.html
RF (Regions Financial--$33.27; +0.63; optionable): Regional bank
http://biz.yahoo.com/p/r/rf.html
STATUS: Put. It is making the rally we anticipated toward the 200 day MVA (33.55). Volume was a bit higher, but still right at average. Looks ready to roll over at this point.
Volume: 710.2K Avg Volume: 661.5K
BUY POINT: $32.95 Volume=650K Target=$30 Stop=$33.65
POSITION: RF MG - Nov. $35p (-60 delta)
http://www.investmenthouse.com/ct/rf.html
Upside
COCO (Corinthian Colleges--$37.84; +0.64; optionable): Education
http://biz.yahoo.com/p/c/coco.html
STATUS: Ascending wedge. Jumped up Thursday to the buy point very early and then backed off the rest of the session, managing to recover and close just below the new buy point at 38.10. Volume was very strong. Looking for that next move over the buy point that does not immediately slip back down.
Volume: 1.019M Avg Volume: 808.5K
BUY POINT: Aggressive: 36.65. Breakout: $38.11 Volume=809K Target=$42.75 Stop=$35.44
POSITION: UCS BF - Feb. $30c (74 delta) and/or Stock
http://www.investmenthouse.com/ct/coco.html
PRX (Pharmaceutical Resources--$28.15; +0.85; optionable): Generic drugs
http://biz.yahoo.com/p/p/prx.html
STATUS: Ascending wedge. Moved off the 50 day MVA Wednesday and added to that move Thursday on rising, above average volume. Looks as if it is trying to make the breakout move. Good accumulation in the pattern at 3 up weeks on rising volume to just one down week on rising volume.
Volume: 317.5K Avg Volume: 284.272K
BUY POINT: $28.91 Volume=525K Target=$34.65 Stop=$26.89
POSITION: PRX KE - Nov. $25c (71 delta) and/or Stock
http://www.investmenthouse.com/ct/prx.html
WATCHLIST/ CONTINUING:
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
$OEX 09/21 BO 428.51 +6.83 424.45 438 12M 0 419
Current. Rallied up to close right at the 10 day MVA, unable to overtake it. May have to take the money off the table Friday early if it cannot make the move over toward the 18 day MVA (435.86).
ABFS 09/24 BO 29.9 +0.77 29.18 33.45 235K 421K 27.14
AET 09/23 Put 37.78 +0.41 38.65 35.85 1.3M 1.7M 40.25
AMGN 09/04 Put 43.66 -0.39 43.94 40 14M 15M 45.25
AMLN 09/18 cup hdl 15.22 +0.22 13.55 16.25 1.3M 750K 12.45
APOL 08/15 A Wedge 43.99 +0.51 40.65 48 2.7M 3.3M 39.94
AXP 09/03 Put 32.89 +1.19 33.18 29.25 4.7M 8.5M 33.55
BDK 09/16 Put 43.94 +1.08 42.81 38.45 634K 850K 43.55
BLC 05/25 Flat 22.95 -0.25 24.25 30 475K 342K 22.55
BRCD 07/17 BO 8.32 -2.04 19.8 25 55M 17M 19
BRCM 08/17 CCall 11.86 -2.04 19.2 19.8 23M 9M 17.25
CENT 09/12 BO 16.77 +0.73 16.15 18.15 211K 300K 14.94
CLE 09/07 DB hdl 23.49 +1.14 22.41 25.94 511K 365K 20.84
COCO 09/18 Test 18 37.84 +0.64 38.11 42.75 1M 809K 35.44
CTSH 09/14 Test BO 57.03 +2.13 63.32 70 612K 348K 58.89
CTSH 09/05 A Wedge 57.03 +2.13 60.35 67.94 612K 348K 56.75
CUB 09/18 Put 19.25 +0.94 18.98 16 45K 85K 21
Current. Ready to roll back down after the low volume rise.
GDW 09/21 Put 64.49 +2.54 62.29 58.55 693K 675K 63.85
GDW 09/14 Put 64.49 +2.54 63.54 60 693K 675K 64.55
GLG 09/18 cup hdl 9.36 -0.62 10.59 12.75 1.2M 1.3M 9.45
GSK 09/21 Put 38.53 +1.68 35.95 32 1.5M 1.5M 37.35
HD 09/16 Test 50 28.27 +0.67 34.55 38 18M 10M 32.13
IDXX 09/26 cup hdl 31 +0.02 32.11 36.75 253K 468K 29.86
ITRU 09/26 cup hdl 3.28 +0.19 3.35 4.75 770K 550K 2.99
KDE 09/25 A Wedge 23.34 +2.27 21.31 25.55 400K 180K 19.82
LEXR 09/21 cup hdl 3.53 -0.52 4.31 5.15 207K 650K 3.95
LH 09/24 Put 33.2 -0.09 33.55 27.75 1.1M 2.5M 35
MCHP 09/26 Put 19.78 +0.28 19.45 16 9.2M 5.5M 21
MMSI 09/23 A Wedge 20.49 +0.04 20.5 24.65 422K 150K 18.94
PDCO 09/21 cup hdl 52.18 -0.1 53.21 61.25 290K 557K 49.49
PFE 09/07 Put 30.25 +0.95 30.55 27 22M 25M 30.25
PIXR 08/30 Test BO 49.03 +2.33 50.25 56.55 652K 580K 48.15
PL 09/25 Put 30.68 +0.13 30.45 27.45 416K 200K 31.55
POS 09/19 Put 29.91 +2.01 29.15 26 664K 265K 29.45
PRX 08/20 cup hdl 28.15 +0.85 28.91 34.65 318K 525K 26.89
RESP 09/19 Put 32.97 +0.43 30.98 28 149K 250K 32.55
RF 09/25 Put 33.27 +0.63 32.95 30 710K 650K 33.65
RINO 08/28 cup hdl 15.3 +0.15 13.8 16.75 129K 300K 13.75
STJ 09/21 Put 37.08 +0.52 36.25 32.05 612K 1.9M 33.71
STT 09/17 Put 40.25 +1.34 39.59 35.75 1.2M 1.5M 40.97
SY 09/19 Put 12.24 +0.15 12.75 10 490K 680K 13.55
TCB 09/17 Put 43.67 +1.17 44.65 40.75 347K 375K 44.25
TEVA 08/12 DB hdl 69.23 +0.49 68.25 77.85 762K 1.2M 66.50
TIER 09/04 cup hdl 18.8 -0.4 20.21 23.25 164K 239K 18.65
TTWO 08/24 cup hdl 27.6 +0.6 26.61 31.94 1.8M 1.5M 24.75
TTWO 08/17 cup hdl 27.6 +0.6 24.75 29.85 1.8M 1.5M 24.75
UNT 09/25 Cup 18.8 +0.8 18.31 22 134K 255K 16.95
WEN 09/21 Put 34.69 +1.93 32.75 30 1.5M 1.6M 33.33
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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