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us stock market, stock recommendation
Begin part 2 of 2
THE PLAYS
In each report we prepare full write-ups for those that look ready to move. If the move has been made already we discuss the play in the summary table. The purpose is to focus on the next good movers. New pre-announcement plays are found in that section.
Good movers Thursday: CELL; DGX; EGOV; IFLO; NXG; RETK; RNDC
NEW PLAYS:
Upside:
Play Date: 10/16/2003
ASKJ (Ask Jeeves--$21.55; +1.55; optionable): Internet information provider
http://biz.yahoo.com/p/a/askj.html
STATUS: 50 day MVA test. Has made us some money solid money in the past, and after a dip below the 50 day MVA (19.15) to start the month, it has recovered almost to the prior highs at 22. It backed off that level, tested the 18 day MVA (20.33) and then jumped higher Thursday on rising, average trade. Looking for an aggressive play on a strong volume move over 22.
Volume: 2.415M Avg Volume: 2.469M
BUY POINT: $22.24 Volume=3.7M Target=$26 Stop=$20.62
POSITION: AUK CX - Mar. $22.50c (55 delta) &/or Stock
http://www.investmenthouse.com/ct/askj.html
Play Date: 10/16/2003
GNBT (Generex Biotechnology--$2.05; -0.01; no options): Medical instruments
http://biz.yahoo.com/p/g/gnbt.html
STATUS: Cup w/handle. GNBT is forming a 3 week handle to its 4 month base that shows solid 4 to 2 accumulation (4 up weeks on rising volume to 2 down weeks on rising volume). Strong money flow is trying to lead higher as the stock works laterall over the 18 day MVA (1.98) on very low, below average volume. A good sector in the market right now, and a very nice pattern
Volume: 171.018K Avg Volume: 348.136K
BUY POINT: $2.28 Volume=522K Target=$2.82 Stop=$2.06
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/gnbt.html
CONTINUING PLAYS:
Ready to go: ABMD; AFOP, HPOL
WATCHLIST/ CONTINUING:
LEGEND
DATE: date play first appeared on report.
PLAY: Denotes the type of pattern or play.
Upside play types: A Wedge=Ascending triangle/wedge; BO=Breakout; Cup=Cup base; Cup hdl=Cup w/handle; DB hdl=Double bottom w/handle; Dbl btm=Double bottom; Flat=Flat base; FlyPlat=Flying Plateau; Pennant=Pennant; Rv H&S=Reverse head & shoulders; Saucer=Saucer base; Test 18=Testing 18 day MVA; Test 50=Testing 50 day MVA; Test BO=Testing the breakout (could be 10 day MVA test, etc.)
Downside play types: CCall=Covered Call; DWedge=Descending triangle/wedge; Dbl Top=Double top; H&S=Head & shoulders; Put (generic downside);
PIVOT=Buy point
Tgt=Target stock price for the play. Applies to stock and options.
Vol=Volume for the most recent session.
TgtV=Target volume to enter the play.
Stop=Stop advisory point. This is advisory and we may or may not exit a play if it hits this level depending upon market conditions.
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ABMD 10/06 Test BO 9.04 +0.14 9.12 10.95 41K 175K 8.48
Buy Not Issued.
ACN 09/24 Test 50 22.16 -0.1 22.62 27.15 2.7M 3.4M 22.12
Current.
AFOP 10/11 Cup hdl 1.79 -0.05 1.94 2.55 61K 750K 1.78
Buy Not Hit.
ALGN 10/09 DB hdl 15.76 +0.3 14.98 17.48 199K 605K 14.24
Current.
ANAD 10/13 A Wedge 6.39 -0.13 6.33 8.32 652K 689K 5.88
Current.
ANEN 10/11 A Wedge 15.57 -0.08 14.88 17.78 90K 142K 14.02
Current.
ARIA 09/11 Test BO 6.78 -0.14 5.08 6.28 531K 600K 6.26
Current.
BIOI 10/07 A Wedge 7.25 0 8.04 10.05 7.6K 100K 7.48
Buy Not Hit.
BKHM 10/13 A Wedge 2.78 -0.05 2.78 3.62 2.2M 2M 2.57
Current.
BKHM 09/13 Cup hdl 2.78 -0.05 1.94 2.62 2.2M 825K 2.15
Current.
BRCM 10/04 Cup hdl 32.68 +0.23 29.91 35.88 13M 20M 29.94
Current.
CAMD 10/09 Pennant 8.44 -0.09 8.32 10 337K 500K 7.52
Current.
CELL 07/21 Cup hdl 28.46 +3.47 19.25 23.25 2.2M 225K 35.88
Current.
CHL 10/04 A Wedge 14.95 +0.1 14.08 16.88 429K 730K 14.38
Current.
CRA 10/01 Rv H&S 11.85 -0.21 12.68 15.25 381K 731K 11.72
Buy Not Issued.
CVM 09/29 Cup hdl 1.31 -0.11 1.17 1.56 852K 900K 1.22
Current.
CY 09/22 FlyPlat 20.25 +0.55 19.75 23.65 4.4M 3.8M 19.12
Current.
CYBS 10/15 Cup hdl 4.39 -0.18 4.68 5.85 276K 200K 4.35
Buy Not Hit.
DGII 10/08 Test BO 9.21 +0.43 8.75 10.62 283K 167K 8.02
Current.
DGIN 10/04 Put 19.5 0 19.48 17.55 592K 783K 20.85
Current.
DRIV 08/25 Cup hdl 33.1 +0.9 25.75 30.25 563K 1.7M 30.66
Current.
DRIV 08/06 Test 50 33.1 +0.9 24.18 27.48 563K 1.7M 30.66
Current.
EFII 09/15 FlyPlat 25.7 -0.6 24.25 29.15 346K 677K 24.88
Current.
EGOV 10/06 Test BO 5.45 +0.23 5.07 6.35 635K 264K 4.72
Current.
EMBT 10/06 Flat 10.98 +0.33 11.24 13.38 137K 350K 10.14
Current.
EMBT 07/26 Cup hdl 10.98 +0.33 9.33 11.12 137K 400K 10.14
Current.
ENDP 09/27 Test BO 21.11 -0.63 21.75 27 902K 1.3M 21.42
Current.
FLSH 09/16 Test 50 21.4 -0.09 16.85 19.75 589K 300K 19.42
Current.
GERN 10/13 A Wedge 15.28 +0.48 15.5 18.55 2.5M 2.9M 14.14
Current.
GLDN 08/25 Test BO 28.96 -0.16 30.55 36.55 48K 200K 29.36
Buy Not Issued.
GLDN 08/19 Test BO 28.96 -0.16 30.4 36.48 48K 200K 28.48
Current.
GRIC 09/22 Test BO 7.8 +0.07 8.18 10 419K 872K 7.46
Current.
GRIC 09/17 Flat 7.8 +0.07 7.44 9.25 419K 812K 7.46
Current.
GSIC 10/11 DB hdl 12.89 +0.39 12.62 15.25 197K 242K 11.68
Buy Not Issued.
HPOL 10/04 Flat 8.18 -0.02 8.65 10.28 126K 668K 7.72
Current.
IFLO 09/22 Test BO 12.82 +1.66 11.29 13.55 1.3M 375K 10.48
Current.
IFLO 09/09 Flat 12.82 +1.66 9.62 11.52 1.3M 426K 10.48
Current.
INSP 09/06 Rv H&S 23.43 +0.71 18 21.55 450K 600K 22.38
Current.
IRM 09/10 Put 35.89 +0.09 34.55 32 321K 500K 36.12
Current.
KOMG 09/08 Test BO 20.93 +0.43 16.95 20.45 119K 332K 19.32
Current.
LF 08/20 Cup hdl 45.64 +0.48 35.34 42 551K 845K 43.44
Current.
MANU 10/11 Test BO 6.55 -0.02 6.72 8.06 524K 1.4M 6.21
Buy Not Issued.
MBG 10/09 Test 50 39.37 -0.38 39.48 45.38 606K 1.8M 37.94
Buy Not Issued.
MER 10/06 Flat 58.43 +0.35 58.6 67.25 5.6M 6.5M 56.15
Current.
MERQ 10/02 Test 50 49.77 +0.35 49.85 55 1.8M 4.7M 47.55
Current.
MERQ 08/27 Cup hdl 49.77 +0.35 45.76 53.95 1.8M 4.5M 48.78
Current.
NANX 10/15 Test BO 7.69 -0.06 7.88 9.45 79K 200K 7.2
Buy Not Issued.
NUAN 10/06 Cup hdl 8.18 -0.06 7.08 8.38 124K 309K 7.22
Current.
NUFO 09/29 Cup hdl 5.38 +0.05 4.82 5.95 491K 1.2M 4.85
Current.
NXG 10/15 Cup 1.94 +0.15 1.89 2.48 2.2M 684K 1.71
Current.
OBAS 10/13 Dbl btm 7.14 -0.05 7.48 9.35 51K 179K 6.88
Buy Not Issued.
OPLK 09/27 Test BO 2.87 -0.13 2.62 3.28 663K 978K 2.62
Current.
OPSW 08/30 DB hdl 8 -0.28 7 8.75 669K 1M 7.82
Current.
ORBK 10/14 DB hdl 24.38 -0.05 24.31 29 420K 200K 22.48
Current.
PANL 10/08 Test BO 12.04 +0.14 11.87 14.25 159K 175K 11.72
Current.
PIXR 10/14 Put 69.36 -0.07 68.44 65 294K 600K 69.98
Buy Not Issued.
PPHM 09/20 Cup hdl 2.17 +0.03 2.24 2.95 2.4M 2.5M 2.11
Current.
PRGS 10/15 Cup hdl 23.55 +0.28 23.95 28.75 70K 287K 22.71
Buy Not Hit.
PRSFD 09/13 A Wedge 17.56 -0.37 15.8 20.6 358K 2.8M 15.85
Current.
PTEK 08/26 Cup hdl 9.29 -0.02 6.74 8.65 502K 276K 8.98
Current.
RBK 09/24 DB hdl 37.87 +0.27 34.46 41.35 586K 1.1M 36.06
RETK 10/06 A Wedge 9.42 +0.55 8.49 10.25 523K 776K 8.08
Current.
RHAT 09/18 Cup hdl 13.03 +0.18 10.03 12.22 3.6M 2.8M 11.44
Current.
RNDC 09/23 Cup hdl 3.24 +0.22 3.23 4.04 599K 559K 2.92
Current.
SCMR 10/04 Test BO 5.23 +0.05 5.12 6.41 827K 3.1M 4.76
Buy Not Issued.
TARO 10/08 Cup hdl 63.49 -0.23 61.51 73 188K 501K 61.32
Current.
TGEN 09/22 Flat 2.77 +0.07 3 4.18 277K 1.6M 2.63
Current.
TMWD 10/01 Test 18 7.19 +0.31 6.3 7.98 357K 627K 6.44
Current.
TPTH 09/16 Cup hdl 8.6 -0.45 8.37 10.18 951K 261K 8.72
Exited.
TTWO 10/01 Test BO 40.54 -0.55 36.25 43 745K 1.6M 38.88
Current.
TWAV 10/02 Test BO 4.12 -0.27 3.94 5.12 1.1M 600K 3.95
Current.
TZA 07/31 Cup hdl 8.17 -0.04 7.1 8.72 902K 579K 7.82
Current.
UTSI 09/23 Put 35.48 -0.38 34.88 31.78 1.5M 5M 37.18
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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us stock market
stock recommendation
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