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stock recommendation, stock pick
Begin part 2 of 2
THE PLAYS
Good movers: BKHM; BRLI; CAMD; CVM; GDII; EVCI; MANU MERQ; NUFO; RETK
NEW PLAYS:
Upside:
Play Date: 10/21/2003
AKAM (Akami Technologies--$6.35; +0.56; optionable): Internet services
http://biz.yahoo.com/p/a/akam.html
STATUS: Breakout. Making a high volume breakout move from its 17 week base. As with many of these stocks we are finding, accumulation is excellent at 6 to 1 (6 up weeks on rising volume to 1 down week on rising volume). That shows overall accumulation during the base, and on the breakout demand far exceeded supply, driving AKAM up on strong trade. Relative strength broke out as well meaning AKAM is moving better than the rest of the market. Looking to pick it up here on a further breakout move.
Volume: 6.983M Avg Volume: 1.614M
BUY POINT: $6.42 Volume=2.4M Target=$8 Stop=$5.88
POSITION: UMU AA - Jan. $5c (77 delta) &/or Stock
http://www.investmenthouse.com/ct/akam.html
Play Date: 10/21/2003
ASL (Ashanti Goldfields--$11.35; +0.54; optionable): Gold mining
http://biz.yahoo.com/p/a/asl.html
STATUS: Cup w/handle. ASL is working on a short 6 week base showing solid 2 to 0 accumulation. Volume has surged 4 of the last 5 sessions, mostly on sessions ASL rallied. Strong money flow and relative strength. As the economy recovers and interest rates inevitably move higher, gold is being bought as a hedge against potential inflation. It is close to a new 52-week high and an all-time high.
Volume: 1.657M Avg Volume: 856.136K
BUY POINT: $11.62 Volume=1.3M Target=$14.22 Stop=$10.81
POSITION: ASL CB - Mar. $10c (80 delta) &/or Stock
http://www.investmenthouse.com/ct/asl.html
Play Date: 10/21/2003
MCHP (Microchip--$28.25; +1.22; optionable): Semiconductors
http://biz.yahoo.com/p/m/mchp.html
STATUS: Reverse head and shoulders. MCHP is working through an 8 week base showing strong 4 to 1 accumulation. Tuesday it was up off the 10 day MVA (27.05) on lower though still solid volume. Looking for volume to surge as it moves through the buy point.
Volume: 2.53M Avg Volume: 2.686M
BUY POINT: $28.58 Volume=4M Target=$32.85 Stop=$26.58
POSITION: QMT AE - Jan. $25c (80 delta) &/or Stock
http://www.investmenthouse.com/ct/mchp.html
CONTINUING PLAYS:
Upside:
Play Date: 10/06/2003
ABMD (Abiomed--$9.1; +0.14; optionable): Medical instruments
http://biz.yahoo.com/p/a/abmd.html
STATUS: Testing the breakout. ABMD continues to move laterally along the 18 day MVA (8.58) on continued low, below average volume. Money flow continues to lead the way higher. Very solid, now just waiting for it to make the move out of the three week flying plateau that follows the strong breakout from its 4 month cup with handle base. Accumulation in the base is a solid 4 to 2 (4 up weeks on rising volume to 2 down weeks on rising volume).
Volume: 44.35K Avg Volume: 102.181K
BUY POINT: $9.12 Volume=175K Target=$10.95 Stop=$8.48
POSITION: IBU LU - Dec. $7.50c (73 delta) &/or Stock
http://www.investmenthouse.com/ct/abmd.html
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
^SOXX 10/20 Test BO 482.46 +8.99 475.38 500 216K 627K 472.55
Buy Not Issued. Nice move up on TXN news, but held off, looking for a test on Wednesday before it resumes the move. Was good enough to enter.
ABMD 10/06 Test BO 9.11 +0.15 9.12 10.95 44K 175K 8.48
Buy Not Issued.
ACN 09/24 Test 50 22.42 +0.42 22.62 27.15 2.4M 3.4M 22.12
Current.
AFOP 10/11 Cup hdl 2.4 +0.13 2.22 2.95 509K 750K 1.92
Current.
ALGN 10/09 DB hdl 14.69 +0.39 14.98 17.48 303K 605K 14.88
Current.
ANEN 10/11 A Wedge 14.5 +0.12 14.88 17.78 297K 142K 14.28
Current.
ARIA 09/11 Test BO 6.55 +0.26 5.08 6.28 450K 600K 6.36
Current.
ASKJ 10/16 Test 50 20.86 +0.55 22.24 26 1.8M 3.7M 20.62
Buy Not Hit.
BKHM 10/13 A Wedge 2.87 +0.18 2.78 3.62 6.2M 2M 2.54
Current.
BKHM 09/13 Cup hdl 2.87 +0.18 1.94 2.62 6.2M 825K 2.47
Current.
BMET 10/18 Test BO 33.54 -0.73 34.48 40 1.4M 3M 33.44
Buy Not Hit.
BRCM 10/04 Cup hdl 31.5 +0.67 29.91 35.88 8.4M 20M 29.94
Current.
BRLI 10/20 Cup hdl 13.8 +1.5 13.45 16.22 815K 212K 12.48
Current.
CAMD 10/09 Pennant 9.01 +0.31 8.32 10 466K 500K 7.52
Current.
CELL 07/21 Cup hdl 27.1 +0.37 12.83 15.51 542K 225K 24.68
Current.
CHL 10/20 Test BO 15.05 +0.05 15.05 18.05 588K 730K 14.58
Buy Not Issued.
CHL 10/04 A Wedge 15.05 +0.05 14.08 16.88 588K 730K 14.38
Current.
CVM 10/20 Test BO 1.68 +0.25 1.61 2.05 3.5M 900K 1.44
Current.
CVM 09/29 Cup hdl 1.68 +0.25 1.17 1.56 3.5M 900K 1.22
Current.
CY 09/22 FlyPlat 20.65 +0.86 19.75 23.65 2.5M 3.8M 19.42
Current.
DFIB 10/20 Cup hdl 4.39 -0.24 4.86 5.95 1.1M 2.1M 4.42
New.
DGII 10/08 Test BO 9.28 +0.52 8.75 10.62 468K 167K 8.43
Current.
DRIV 08/25 Cup hdl 32.1 +0.6 25.75 30.25 443K 1.7M 30.94
Current.
DRIV 08/06 Test 50 32.1 +0.6 24.18 27.48 443K 1.7M 30.94
Current.
EFII 09/15 FlyPlat 25.28 +0.46 24.25 29.15 464K 677K 24.88
Current.
EGOV 10/07 Test BO 5.3 +0.07 5.07 6.35 242K 264K 4.96
Current.
EMBT 10/06 Flat 12.51 +0.22 11.24 13.38 277K 350K 11.78
Current.
EMBT 07/26 Cup hdl 12.51 +0.22 9.33 11.12 277K 400K 11.78
Current.
ESV 10/18 Put 26.71 +0.51 26.08 24 2.1M 2M 27.05
Buy Not Issued.
EVCI 10/20 Cup hdl 3.72 +0.47 3.4 4.38 737K 125K 3.08
Current.
FLSH 09/16 Test 50 20.62 +0.2 16.85 19.75 261K 300K 19.42
Current.
GERN 10/13 A Wedge 14.15 +0.48 15.5 18.55 1.9M 2.9M 14.14
Current.
GNBT 10/16 Cup hdl 2.24 +0.09 2.28 2.82 649K 522K 2.06
Buy Not Hit.
GSIC 10/11 DB hdl 12.51 -0.02 12.62 15.25 128K 242K 11.68
Buy Not Issued.
HPOL 10/04 Flat 8.83 +0.1 8.65 10.28 216K 668K 7.72
Current.
IFLO 09/22 Test BO 13.03 -0.76 11.29 13.55 346K 375K 10.48
Current.
IFLO 09/09 Flat 13.03 -0.76 9.62 11.52 346K 426K 10.48
Current.
IRM 09/10 Put 35.5 +0.05 34.55 32 169K 500K 36.12
Current.
KOMG 09/08 Test BO 20.54 +0.45 16.95 20.45 96K 332K 19.32
Current.
LF 08/20 Cup hdl 46.54 +2.45 35.34 42 746K 845K 43.44
Current. Bounced off the 10 day MVA for a nice move up on stronger above average volume. Tapped 47.30 at the day's high, but could not hold the entire gain. Nice, but then after hours it missed earnings and was slaughtered down to 37. Will have to exit rest of positions, locking in what remains of gain. Glad we took a partial earlier.
MANU 10/11 Test BO 6.74 +0.29 6.77 8.15 1M 1.4M 6.27
Current.
MBG 10/09 Test 50 39.4 0 40.25 46.25 568K 1.8M 37.43
Buy Not Issued.
MER 10/06 Flat 57.05 -0.2 58.6 67.25 4.2M 6.5M 56.72
Current.
MERQ 10/02 Test 50 50.54 +2.23 49.85 55 2.9M 4.7M 47.55
Current.
MERQ 08/27 Cup hdl 50.54 +2.23 45.76 53.95 2.9M 4.5M 48.78
Current.
NANX 10/15 Test BO 7.75 +0.25 7.88 9.45 91K 200K 7.2
Buy Not Issued.
NUFO 09/29 Cup hdl 5.45 +0.24 4.82 5.95 1.3M 1.2M 4.98
Current.
NXG 10/15 Cup 1.93 0 1.89 2.48 1.1M 684K 1.78
Current.
ODSY 10/18 Put 28.53 -0.29 28.18 25 198K 511K 29.75
Buy Not Issued.
OPLK 09/27 Test BO 2.77 +0.12 2.62 3.28 465K 978K 2.62
Current.
ORBK 10/14 DB hdl 24.02 -0.33 24.31 29 344K 200K 22.89
Current.
PANL 10/08 Test BO 12.35 +0.35 11.87 14.25 164K 175K 11.72
Current.
PIXR 10/14 Put 69.13 +1.43 68.44 65 350K 600K 69.15
PRGS 10/15 Cup hdl 23.72 +0.71 23.95 28.75 112K 287K 22.71
Buy Not Hit.
PRSFD 09/13 A Wedge 17.4 +0.09 15.8 20.6 141K 2.8M 16.32
Current.
PTEK 08/26 Cup hdl 9.27 +0.17 6.74 8.65 2M 276K 8.98
Current.
RBK 09/24 DB hdl 37.33 -0.07 34.46 41.35 357K 1.1M 36.48
RETK 10/06 A Wedge 10.25 +1.57 8.49 10.25 2.9M 776K 8.48
Target Hit.
RHAT 09/18 Cup hdl 13.35 +0.25 10.03 12.22 4.2M 2.8M 11.98
Current.
RNDC 09/23 Cup hdl 3.15 -0.01 3.23 4.04 695K 559K 2.92
Current.
SCMR 10/04 Test BO 5.06 +0.05 5.28 6.69 1.1M 3.1M 4.91
Buy Not Issued.
SNCI 10/18 Test BO 7.95 +0.26 7.28 9.12 39K 120K 7.06
Buy Not Issued.
SVNT 10/18 Test BO 6.07 +0.1 6.38 7.98 267K 678K 5.93
Buy Not Hit.
TARO 10/08 Cup hdl 64.37 +1.95 61.51 73 317K 501K 61.32
Current.
TMWD 10/01 Test 18 6.9 +0.4 6.3 7.98 373K 627K 6.44
Current.
TTWO 10/01 Test BO 39.99 +0.76 36.25 43 511K 1.6M 38.88
Current.
TZA 07/31 Cup hdl 8.15 +0.04 7.1 8.72 587K 579K 7.82
Current.
UTSI 09/23 Put 34 +0.72 34.88 31.78 3.9M 5M 35.85
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
stock pick
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