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stock recommendation, stock market report
Begin Part 2 of 2
THE PLAYS:
NEW PLAYS
Upside:
NBIX (Neurocrine Biosciences--$40.47; -0.38; optionable): Biotechnology
http://biz.yahoo.com/p/n/nbix.html
STATUS: Reverse head & shoulders. After peaking near 55 in December, NBIX has corrected in a 10-month base, forming the current pattern the last 7 months. It is currently testing back to the 18 day MVA (40.16) on lower volume, showing a doji Tuesday. Accumulation is solid at 11 up weeks on rising volume to 5 down weeks on rising volume. Money flow is racing ahead of the price even as it pulls back here for one more test before it breaks higher.
Volume: 543.696K Avg Volume: 703.818K
BUY POINT: $42.35 Volume=1.1M Target=$50.75 Stop=$39.39
POSITION: UOT BH - Feb. $40c (60 delta) and/or Stock
http://www.investmenthouse.com/ct/nbix.html
Downside:
BOH (Pacific Century Financial--$26.91; +1.36; optionable): Regional bank
http://biz.yahoo.com/p/b/boh.html
STATUS: Put. Testing the breach of the 200 day MVA (27.28), BOH rallied back from the selling Tuesday but on continued lower volume. BOH bounced up off the 200 day MVA in September, but was right back last Thursday. The quick re-test and breakdown indicates further weakness. The stock tapped the 200 day on the high and fell back some. We are watching for it to move higher once more and then roll over. We would like to see volume move back up on the resumed selling after one more test of the 200 day.
Volume: 364.3K Avg Volume: 295.409K
BUY POINT: $26.82 Volume=360K Target=$23.75 Stop=$28
POSITION: BOH NF - Feb. $30p (-76 delta)
http://www.investmenthouse.com/ct/boh.html
CAI (Caci Intl--$34.7; +2.14; optionable): Technical services
http://biz.yahoo.com/p/c/cai.html
STATUS: Put. CAI is banging around between 37 and 32 the past three weeks after peaking over 40 in August. After running into 37 last week it has sold back and is now bouncing back up on below average volume. It may rally back up to 37 this time again if the market can continue its move up to the short term moving averages, but we want to be ready in the event Tuesday's action was a one-day rally attempt.
Volume: 333.5K Avg Volume: 450.181K
BUY POINT: On further selling from the 200 day MVA (35.21), $34.55. Volume=400K Target=$31 Stop=$35.45
POSITION: CAI XU - Dec. $37.50p (-55 delta)
http://www.investmenthouse.com/ct/cai.html
WATCHLIST/ CONTINUING:
Looking solid still in the pattern (see 10-7 report for specifics):
CYH
CENT
DP
MTEC
STN
STJ
ZMH
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AMGN 09/28 Put 45.79 +1.09 41.96 39 22M 15M 43
AMLN 09/18 cup hdl 15.7 +0.75 13.55 16.25 614K 750K 14.45
APOL 08/15 A Wedge 43.94 +3.76 40.65 48 6M 3.3M 42
BBI 10/08 Test 50 24.4 +0.3 24.65 28 774K 600K 23.25
BER 10/02 Put 32.46 -0.37 32.88 30.88 147K 190K 34.55
BG 10/05 Test BO 23.45 +0.3 24.25 28.55 684K 400K 22.55
BOH 10/08 Put 26.91 +1.36 26.82 23.75 364K 360K 28
BRCM 08/17 CCall 9.8 +0.1 19.2 19.8 11M 9M 17.25
CAI 10/08 Put 34.7 +2.14 34.55 31 334K 400K 35.45
CENT 09/12 BO 17.97 +0.17 16.15 18.15 134K 300K 16.45
CLE 09/07 DB hdl 20.25 +0.9 22.41 25.94 603K 365K 20.84
COCO 09/18 Test 18 35.8 +1.87 38.11 42.75 1.3M 809K 35.44
CYH 10/07 cup hdl 26.81 +0.05 27.61 31.75 230K 500K 25.68
DP 10/02 cup hdl 44.99 +0.39 47.74 54.94 214K 260K 44.4
HD 09/16 Test 50 25.25 +1.04 34.55 38 20M 10M 32.13
IDXX 09/26 cup hdl 30.88 -0.39 32.11 36.75 321K 468K 29.86
ITMN 09/28 BO 31.49 +1.21 31.85 36 1.2M 2M 29.95
ITRU 09/26 cup hdl 2.85 -0.04 3.35 4.75 239K 550K 2.99
KDE 09/25 A Wedge 24.05 +0.3 21.31 25.55 353K 180K 22.85
LNY 10/05 Put 19.62 +0.08 20.2 18 317K 190K 21.45
MMSI 09/23 A Wedge 23.63 +1.91 20.5 24.65 714K 150K 19.65
MTEC 10/05 cup hdl 35.72 +1.58 37.87 45.45 46K 175K 34.77
NBIX 10/08 Rv H&S 40.47 -0.38 42.35 50.75 544K 1.1M 39.39
PDCO 09/21 cup hdl 49.65 +0.68 53.21 61.25 408K 557K 49.49
PFE 09/07 Put 29.7 +1.4 30.55 27 21M 25M 29.12
PL 09/25 Put 29.18 +1.08 30.45 27.45 218K 200K 29.05
RE 10/05 Put 55.16 +1.54 53.35 50 566K 550K 55
RGIS 10/03 cup hdl 27.67 +0.37 28.84 33 521K 525K 26.82
RINO 09/28 A Wedge 14.31 +0.1 15.55 19.45 118K 225K 14
RINO 08/28 cup hdl 14.31 +0.1 13.8 16.75 118K 300K 14
ROIA 10/07 Put 14.35 +0.01 14.11 11 403K 300K 15
ROOM 10/01 Test BO 43.38 -0.38 51.05 55 1.6M 1.2M 47.48
SO 10/07 BO 29.06 -0.3 29.47 33.88 8M 3M 27.41
STJ 10/05 Put 36.34 +0.49 35.05 32 1.1M 1.3M 36.35
STJ 09/21 Put 36.34 +0.49 36.25 32.05 1.1M 1.9M 37.35
STN 10/05 cup hdl 17 -0.02 17.62 12.45 327K 600K 16.39
SY 09/19 Put 11.32 +0.26 12.75 10 319K 680K 13.55
TEVA 08/12 DB hdl 66.14 -0.05 68.25 77.85 1M 1.2M 66.50
TTWO 08/24 cup hdl 28.16 +1.89 26.61 31.94 1.9M 1.5M 27.25
TTWO 08/17 cup hdl 28.16 +1.89 24.75 29.85 1.9M 1.5M 27.25
UNT 09/25 Cup 18 +0.03 18.31 22 216K 255K 17.95
UTHR 10/01 Test BO 15.8 0 16.79 20.25 170K 310K 15.61
VRTX 09/30 Put 17.73 +0.16 17.96 15.75 489K 900K 19.45
ZMH 10/05 A Wedge 38.45 +0.04 39.68 47.55 1.5M 1.8M 36.9
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
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