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online investment information, Breakout test
Begin part 3 of 3
WATCHLIST/ CONTINUING:
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ACL 05/20 Put 42.49 +0.49 41.48 38.75 422K 400K 42.55
Buy Not Issued. Rallied up to the 18 day on rising, average volume,
but not giving up on it given the double top.
ADPT 05/19 Test 18 7.54 +0.32 7.65 9.21 551K 825K 7.11
Buy Not Hit. Up off the 18 day MVA with a good surge. Will need
some more volume.
ADVP 05/20 Cup hdl 33 0 32.85 39.22 661K 2M 31.92
Current. Tried to extend teh bounce Thursday but gave it back
adn then sat idling Friday. Needs to resume the bounce
this week.
AETH 05/14 Cup hdl 4.75 +0.38 4.45 5.45 606K 244K 4.21
Current. Nice volume move Friday after the 10 day MVA test,
but again backed off from 5.
ALT 05/07 Cup hdl 4.83 -0.18 4.4 5.45 148K 188K 4.44
Current. Nice move last week but fell back Friday as volume
dropped below average. Held above the 10 day MVA as
it maintains its uptrend.
AOS 05/17 Test BO 31.21 +0.55 31.65 37.65 42K 136K 30.25
Buy Not Hit. Moving up off the 18 day MVA on rising volume though
it was still weak. Needs more trade.
APC 05/21 Cup hdl 49.43 +0.67 49.75 56.88 1.5M 3M 47.96
Buy Not Issued. Started back up but there was no volume this time.
Needs more as it moves thorugh new buy point.
APOL 04/12 A Wedge 52.4 -0.89 52.75 59 2.3M 2.7M 54.96
Exited. Undercutting the 50 day MVA on rising volume so exited.
Edged higher right at the close to hold the 50 more
or less. If it rallies from here we will have to swallow
it and take a position again.
APOL 02/18 A Wedge 52.4 -0.89 46.25 52.88 2.3M 22M 54.96
Exited. The trade was getting iffy so we took the gain.
AVE 05/19 Put 52.25 +0.17 50.96 48 126K 375K 52.25
Buy Not Hit. Still working up to test the 200 day MVA even as volume
falls off the cliff.
BCR 05/10 A Wedge 68.49 -0.55 64.4 73.75 532K 477K 65.75
Current. Outstanding break higher last week then taking a breather
Friday.
BGEN 05/24 Rv H&S 40.5 +1.22 40.94 47.55 3.2M 4.5M 38.07
New.
BLTI 02/10 Test BO 12.72 +0.02 7.2 13.45 335K 300K 11.78
Current. Still working up the 18 day MVA but running into resistance
at 13, the next buy point if it breaks through on strong
volume.
BPOP 05/22 Test BO 38.42 +0.5 37.95 44 247K 200K 37.44
Current.
BPOP 04/03 Cup hdl 38.42 +0.5 35.25 40.45 247K 200K 37.57
Current. Another good move Friday, rising again on above average
volume.
BRL 05/24 Put 52.56 -1.74 51.94 48.06 2.2M 1.4M 52.95
New.
CAH 04/09 Put 57.04 +0.03 55.96 52 1.5M 3.5M 54.74
Current. Sure looks to be stalling at the 50 day MVA with a
doji and low volume as it tries to move up.
CCU 05/17 Cup hdl 39.58 -0.27 41.26 47.45 2.5M 6.9M 39.25
Buy Not Hit. Tapped the 50 day but bounced. Still a nice pattern
with great money flow.
CVH 03/31 BO 43.1 +0.57 40.25 47.25 608K 815K 39.97
Current. Still moving higher over the 10 day MVA though volume
declined late in the week.
CY 05/17 Test 18 9.6 -0.28 10.06 12.12 935K 2.3M 9.36
Buy Not Hit.
CY 03/04 Cup hdl 9.6 -0.28 6.7 8.65 935K 2.3M 9.48
Current. Turned right back down to the 18 day MVA Friday after
the super volume move Thursday. Needs to hold here.
ELAB 03/06 Cup hdl 29.65 +0.55 24.06 28.88 391K 325K 30.38
Current. Making a 50 day MVA test after a long run up the 50
day MVA. Volume jumped as it tested its 50 day MVA
Wednesday and Thursday. Looking for a bounce on continued
storng trade.
EPIC 05/08 FlyPlat 3.56 +0.12 3.15 4 211K 145K 3.11
Current. Finally starting back up on stronger, above average
volume, breaking over 3.50, the recent resistance.
EXTR 05/17 Test BO 6 +0.52 5.45 7.42 10M 4.5M 5.12
Current. Continued the move started Thursday, blasting higher
on huge volume. Outstanding.
FDX 03/24 Cup hdl 61.14 +0.97 57.85 66 998K 2.2M 60.71
Current. Nice recovery to move over the short term MVA, but
very toppy. Has to get over 62 on some volume or it
is in trouble.
FFIV 05/21 Test 18 16.01 +0.11 15.62 18.55 137K 750K 15.23
Current.
FFIV 04/23 A Wedge 16.01 +0.11 15.34 18.32 137K 750K 15.23
Current. Up off the 18 day MVA, but never really giving us the
strong volume we wanted.
FLIR 05/08 PreSplt 52.53 +0.23 51.7 58.75 101K 401K 51.25
Current. Still trying to make the move off the 18 day, but it
looks as if it will do it.
FLSH 05/22 Test BO 10.61 -0.13 10.55 12.75 251K 195K 9.69
Current.
FLSH 05/12 Rv H&S 10.61 -0.13 9.2 10.96 251K 195K 9.69
Current. Almost hit the target Friday with a gap higher, but
gave it back on lower volume. Letting it work.
GPRO 04/05 Dbl btm 39.66 +1.62 26.5 30.75 678K 521K 35.35
Current. My goodness what a strong mover, exploding higher after
an 18 day MVA test.
GRMN 11/06 Cup hdl 46.28 +0.68 22.34 37.45 368K 198K 44.44
Current. Tested the 50 day MVA and bounced as a good leader
should. Volume backed off latera in the week, but it
was there on the test. Now it needs to hold.
GSPN 05/24 Test BO 7 +0.54 7.35 10 3.7M 2.8M 6.84
New.
HIL 05/22 Test BO 9.7 +0.7 9.2 11.2 572K 250K 8.22
Current. Got the blast higher on the volume we wanted.
HIL 05/03 BO 9.7 +0.7 7.45 8.96 572K 250K 8.22
Current.
HTCH 05/14 A Wedge 27.59 +0.07 28.06 33.35 351K 802K 26.15
Buy Not Issued. Made a higher low off the 18 day MVA as it continues
the pattern. Adjusted the buy point to let it clear
resistance.
HYSL 05/06 Cup hdl 29.86 +0.07 31.15 37.35 246K 1M 29.88
Exited. We probably got a bit too cautious here, exiting when
it broke below the 18 day for the third straight session.
It has formed a new handle, & it could fail or make
the breakout. We are going to look for a higher breakout.
IDBE 04/16 Rv H&S 10.22 -0.09 8.17 11 298K 376K 9.25
Current. Less than stellar week, falling back to the 10 day
MVA after a big breaout. Disappointing but it is holding
support.
JPM 04/01 Test BO 30.9 +0.41 24.96 28.55 5.8M 1.2M 29.65
Current. Holding well over the short term MVA as it moves laterally,
regrouping for the next move with this lateral 3-week move.
KOSP 05/13 Test BO 23.09 +0.59 23.25 27.48 286K 400K 21.88
Buy Not Issued. Volume is starting to come in and now looks ready.
LEXR 05/22 Cup hdl 6.64 +0.32 6.22 7.55 1.5M 1.2M 5.78
Current. Another nice above average volume move Friday.
LEXR 04/30 FlyPlat 6.64 +0.32 5.06 7 1.5M 1.2M 5.78
Current.
LGTO 05/22 A Wedge 6.73 -0.18 7.02 8.75 1.9M 2M 6.53
Buy Not Hit. After the strong breakout Thursday, LGTO tested back
on the intraday low and snapped back. It has tested,
and now it looks ready.
LU 05/14 Cup hdl 2.44 -0.11 2.37 3.05 54M 60M 2.17
Current. Downgraded Friday because it was making a good move
higher. Managed to hold some support at 2.40 and recover
some of the loss. If it has the juice it should recover.
MED 05/22 Test BO 11.1 +0.46 10.62 12.78 468K 145K 9.65
Current. Huge move Friday in a continuation run, but gave most
of the gain back. Still a nice move.
MED 04/28 Cup hdl 11.1 +0.46 8.7 10.42 468K 145K 9.65
Current.
MERQ 05/12 Cup hdl 36.36 +0.11 37.68 44.25 1.1M 6.8M 35.04
Buy Not Issued. Still working in a second handle on very low volume.
MOBE 04/24 Cup 2.27 +0.37 1.88 2.38 1.3M 110K 1.88
Current. Screaming higher after the quick 50 day MVA test that
shook out the last sellers.
MVL 03/03 BO 19.8 -0.18 11.82 21 722K 675K 19.25
Current. Starting to struggle quite a bit at 20 after a strong
3-month move up the short term MVA. This volatility
comes with a downgrade, and more volatility after a
steady run indicates a change. Tightening the stops.
NBIX 05/03 Cup 48.76 +0.25 48.2 54.25 215K 600K 47.31
Current. Biotechs are outperforming, and NBIX continues to move
up the short term MVA. Now it needs to clear 50 to
clear resistance.
NCN 05/21 Cup hdl 8.03 0 8.28 10 403K 254K 7.88
Buy Not Hit. Forming a very nice handle as it holds the 18 day MVA.
NENG 05/05 Cup hdl 2.48 +0.28 2.08 3.44 1.2M 232K 2.12
Current. Yess indeed, NENG finally gave the big move, exploding
higher Friday on volume after its lateral test of the
prior breakout.
NSCN 04/23 Cup hdl 21.79 -0.23 21.17 25.42 1M 2.5M 20.94
Current. Ready for the next move higher as it holds the 10 day
MVA on declining volume.
NSM 04/18 Cup hdl 22.43 +0.24 19.55 24.88 1.9M 3.8M 21.82
Current. Excellent test of the 18 day MVA.
NTN 05/07 Test BO 1.92 +0.03 1.95 2.75 127K 183K 1.81
Current. Excellent test lower last week with a higher volume
doji with tail Friday indicating it is ready to head
higher again.
NVDA 05/08 Test BO 20.87 -0.11 21.66 26 7.3M 11M 19.94
Buy Not Issued. Very nice lateral consolidation the past two weeks
after exploding higher on earnings. The 10 day MVA
is rising to meet it, & when it does it is an explosive
combination.
NWK 04/28 DB hdl 7.71 +0.15 7.11 9.45 320K 256K 7.31
Current. Tested the 18 day MVA last week and Friday showed great
volume as it is starting to rise back up.
ONXX 05/19 Rv H&S 11 +0.42 10.55 12.25 475K 300K 8.99
Current. Outstanding breakout Thursday continued Friday. Biotechs
are solid and sought after right now.
PKI 03/04 Test BO 12.04 +0.24 9.16 13.55 942K 1M 11
Current. Bounced up off the 18 day last week on some rising
volume. Now needs to break through 12 definitively.
PRX 05/19 Put 39.6 -0.9 37.85 34.52 773K 700K 39.75
Current. Rallied up to the 50 day MVA but then stalled there
Friday. Looking for it to fail here.
PSUN 05/24 Put 20.78 -0.2 20.55 18 1.1M 1.7M 21.68
New.
PWN 05/07 BO 11.5 +0.02 11.66 13.94 22K 117K 11.18
Current. Moving laterall over the 10 day MVA on low volume.
Looking ready for the next move.
QLGC 05/17 Test BO 45.76 +0.63 46.78 54 4.2M 8M 44.65
Buy Not Hit. Starting to rally off the 18 day MVA and just needs water.
QLGC 03/15 Test BO 45.76 +0.63 38.85 45 4.2M 11M 44.24
Current.
QLGC 11/07 Test BO 45.76 +0.63 41.4 50 4.2M 25M 44.24
RMD 05/03 Test BO 37.4 +0.2 37.75 43.75 148K 322K 35.92
Buy Not Issued. Coming off a test showing good volume Thursday. Needs
to blast through the buy point on strong trade.
ROOM 04/26 Cup 85.73 +0.38 68.75 94 422K 1.7M 80.55
Struggling again to get over 85.
SLAB 05/17 Put 26.63 +0.03 26.05 23.55 908K 1.1M 27.65
Current. Tapped the 10 day MVA on the Friday high and fell back.
SNPS 05/21 Cup hdl 58.65 -0.27 52.72 60.75 2.1M 1.6M 50.05
Buy Not Issued. Waiting for a test between 55 and and 57 after the
massive breakout.
SSYS 03/01 Cup hdl 26.93 +0.46 12.25 15.45 516K 110K 26.22
Current. Recovered to hold the 10 day MVA after the valuation
downgrade early in the week.
STK 04/28 Cup hdl 25.03 -0.26 26.55 31 287K 1M 25
Buy Not Issued. Trying to lull us to sleep here at the 18 day MVA showing
doji after doji on lower, below average volume.
TWTC 05/13 A Wedge 5.79 -0.02 4.08 5.85 538K 522K 4.85
Current. Solid week though having trouble just below 6. It has
run hard and fast and it is ready to come back to test
the 10 day at 5.14
UCOMA 03/31 Cup hdl 4.65 +0.1 3.35 4.48 617K 875K 4.21
Current.
WFII 04/30 Cup 9.85 +0.03 7.55 9 537K 261K 8.78
Current. A strong move and showing a tombstone doji Friday that
indicates a test back toward the 10 day MVA (9.31).
WSTC 05/24 Test 18 24.61 +0.21 24.88 28 86K 215K 23.82
New.
YHOO 12/11 Test 50 28.49 +1.6 17.32 25 15M 20M 25.92
Current. What a move and on volume in a low volume market! Cleared
the recent high at 28, overcoming that valuation downgrade.
Barrons must be seeing red.
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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online investment information
Breakout test
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