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stock recommendation, stock market report
Begin part 2 of 2
THE PLAYS
Good movers Thursday: AFOP; DGII; EFII
NEW PLAYS:
Upside:
Play Date: 10/23/2003
ESPR (Esperion Therapeutics--$22.44; +1.28; optionable): Generic drugs
http://biz.yahoo.com/p/e/espr.html
STATUS: Breakout. After forming a nice three week handle that tested the 50 day MVA (18.95) last week, ESPR shot higher on a nice volume surge. A quick gap down to the 10 day MVA (20.54) Wednesday in the market selling set the stage for a resumption of the breakout move. Excellent 4 to 1 accumulation (4 up price weeks on rising volume to 1 down week on rising volume) in the 14 week cup with handle base. Nice action and a relative strength breakout gives the move a great foundation.
Volume: 798.8K Avg Volume: 390K
BUY POINT: $22.66 Volume=600K Target=$27.25 Stop=$21.07
POSITION: SPU DX - April $22.50c (57 delta) &/or Stock
http://www.investmenthouse.com/ct/espr.html
Play Date: 10/23/2003
PBY (Pep Boys--$17.98; +0.13; optionable): Auto parts stores
http://biz.yahoo.com/p/p/pby.html
STATUS: Cup w/handle. Manny, Moe and Jack reported great earnings, broke higher, and then faded back on low volume the past week to form this nice handle to its 8 week base. Solid accumulation in the pattern at 3 to 1 along with strong money flow and relative strength. That sets a very good foundation for a breakout for the next run higher. The breakout move will send it to a 52-week high, a good place as there is no overhead resistance.
Volume: 422.5K Avg Volume: 621.454K
BUY POINT: $18.55 Volume=932K Target=$22.25 Stop=$17.25
POSITION: PBY DW - April $17.50c (60 delta) &/or Stock
http://www.investmenthouse.com/ct/pby.html
CONTINUING PLAYS:
Upside:
Play Date: 10/08/2003
TARO (Taro Pharmaceuticals--$63.5; +0.5; optionable): Drugs
http://biz.yahoo.com/p/t/taro.html
STATUS: Testing the 18 day MVA. TARO continues to move laterall on below average volume over the 18 day MVA (61.51). Showing good action as it gathers itself for the next move higher after the breakout from its 12 week base.
Volume: 193.616K Avg Volume: 326.136K
BUY POINT: New: $65.12 (orig. $61.51) Volume=501K Target=$73 Stop=$61.32
POSITION: QTT AL - Jan. $60c (56 delta) &/or Stock
http://www.investmenthouse.com/ct/taro.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
ABMD 10/06 Test BO 8.75 -0.15 9.12 10.95 67K 175K 8.48
Buy Not Issued.
ACN 09/24 Test 50 22.68 -0.22 22.62 27.15 2.6M 3.4M 22.12
Current.
AFOP 10/11 Cup hdl 2.69 +0.28 2.22 2.95 762K 750K 1.92
Current.
AKAM 10/21 Cup hdl 5.9 +0.02 6.42 8 1.7M 2.4M 5.88
Buy Not Hit.
ARDI 10/22 Flat 14.22 -0.93 15.38 18.45 983K 717K 14.32
Buy Not Hit.
ARIA 09/11 Test BO 6.35 -0.1 5.08 6.28 295K 600K 6.36
Current.
ASL 10/21 Cup hdl 11.4 +0.05 11.62 14.22 580K 1.3M 10.81
Buy Not Issued.
BKHM 10/13 A Wedge 2.59 -0.16 2.78 3.62 2.3M 2M 2.54
Current.
BKHM 09/13 Cup hdl 2.59 -0.16 1.94 2.62 2.3M 825K 2.54
Current.
BRCM 10/04 Cup hdl 29.89 -0.59 29.91 35.88 7.4M 20M 29.94
Current.
BRLI 10/20 Cup hdl 13.99 -0.05 13.45 16.22 224K 212K 12.48
Current.
CAMD 10/09 Pennant 8.5 +0.12 8.32 10 217K 500K 7.52
Current.
CELL 07/21 Cup hdl 24.79 -1.66 12.83 15.51 1.5M 225K 24.68
Current.
CHL 10/20 Test BO 14.34 -0.51 15.05 18.05 905K 730K 14.58
Buy Not Issued.
CHL 10/04 A Wedge 14.34 -0.51 14.08 16.88 905K 730K 14.38
Exited.
CVM 10/20 Test BO 1.58 -0.09 1.61 2.05 921K 900K 1.44
Current.
CVM 09/29 Cup hdl 1.58 -0.09 1.17 1.56 921K 900K 1.38
Current.
CY 09/22 FlyPlat 19.6 -0.58 19.75 23.65 2.3M 3.8M 19.42
Current.
DGII 10/08 Test BO 9.39 +0.14 8.75 10.62 218K 167K 8.43
Current.
EFII 09/15 FlyPlat 25.78 +1.25 24.25 29.15 1.7M 677K 24.88
Current.
EGOV 10/07 Test BO 5 -0.02 5.07 6.35 212K 264K 4.96
Current.
EMBT 10/06 Flat 12 -0.24 11.24 13.38 244K 350K 11.78
Current.
EMBT 07/26 Cup hdl 12 -0.24 9.33 11.12 244K 400K 11.78
Current.
ESV 10/18 Put 26.05 -0.23 26.08 24 1.6M 2M 27.05
Buy Not Issued. Again held at 26 on teh close. May test toward 26.75
again before failing.
EVCI 10/20 Cup hdl 3.6 -0.29 3.4 4.38 197K 125K 3.08
Current.
FLSH 09/16 Test 50 19.43 -0.1 16.85 19.75 208K 300K 19.42
Exited.
GBN 10/22 Cup 1.69 +0.01 1.76 2.28 391K 300K 1.64
Buy Not Hit.
GNBT 10/16 Cup hdl 2.03 -0.05 2.28 2.82 382K 522K 2.06
Buy Not Hit.
GSIC 10/11 DB hdl 11.78 -0.49 12.62 15.25 213K 242K 11.68
Buy Not Issued.
HPOL 10/04 Flat 6.68 -2.27 8.65 10.28 5.5M 668K 7.72
Exited.
IFLO 09/22 Test BO 13.04 +0.24 11.29 13.55 411K 375K 10.48
Current.
IFLO 09/09 Flat 13.04 +0.24 9.62 11.52 411K 426K 10.48
Current.
IRM 09/10 Put 36.28 -0.02 34.55 32 146K 500K 36.12
Current.
LF 08/20 Cup hdl 34.61 -0.28 35.34 42 2.2M 845K 43.44
Current.
MANU 10/11 Test BO 6.45 +0.1 6.77 8.15 841K 1.4M 6.27
Current.
MCHP 10/21 Rv H&S 27.55 -0.02 28.58 32.85 2.9M 4M 26.58
Buy Not Hit.
MER 10/06 Flat 56.18 +0.43 58.6 67.25 4.6M 6.5M 56.72
Current.
MERQ 10/02 Test 50 43.84 -5.22 49.85 55 14M 4.7M 47.55
Exited.
MERQ 08/27 Cup hdl 43.84 -5.22 45.76 53.95 14M 4.5M 48.78
Exited.
NANX 10/15 Test BO 6.9 -0.63 7.88 9.45 278K 200K 7.2
Buy Not Issued.
NUFO 09/29 Cup hdl 5.19 -0.12 4.82 5.95 448K 1.2M 4.98
Current.
NXG 10/15 Cup 1.9 0 1.89 2.48 1.6M 684K 1.78
Current.
ODSY 10/18 Put 28.1 +0.24 27.8 24.65 241K 511K 29.05
Current.
OPLK 09/27 Test BO 2.45 -0.28 2.62 3.28 1.3M 978K 2.62
Exited.
ORBK 10/14 DB hdl 22.6 -0.35 24.31 29 126K 200K 22.89
Current.
PHTN 10/22 Dbl Top 28.7 -1.09 29.64 26.05 240K 476K 30.82
Buy Not Issued. Gapped sharply lower and bounced off minor support
at 28. We held off given the gap lower, looking for
a slight bounce to enter, but it was still good enough
to move into.
PIXR 10/14 Put 67.4 -0.61 68.44 65 299K 600K 69.15
PNR 10/22 Put 37.98 -0.14 37.98 35.98 264K 444K 38.48
Buy Not Issued. Not enough volume as it edged lower.
PRGS 10/15 Cup hdl 22 -0.76 23.95 28.75 325K 287K 22.71
Buy Not Issued.
PRSFD 09/13 A Wedge 15.23 -0.89 15.8 20.6 260K 2.8M 16.32
Current.
PTEK 08/26 Cup hdl 8.57 -0.4 6.74 8.65 1.2M 276K 8.98
Exited.
RBK 09/24 DB hdl 37.75 +0.51 34.46 41.35 1.2M 1.1M 36.48
RETK 10/06 A Wedge 9.95 -0.16 8.49 10.25 504K 776K 8.48
Current.
RHAT 09/18 Cup hdl 13.1 +0.29 10.03 12.22 3M 2.8M 11.98
Current.
RNDC 09/23 Cup hdl 2.98 -0.02 3.23 4.04 3.1M 559K 2.92
Current.
SNCI 10/18 Test BO 7.62 -0.35 8.06 10 114K 120K 7.44
Buy Not Issued.
SVNT 10/18 Test BO 5.95 -0.08 6.38 7.98 655K 678K 5.93
Buy Not Hit.
TARO 10/08 Cup hdl 63.5 +0.5 61.51 73 194K 501K 61.32
Current.
TMWD 10/01 Test 18 7.42 +0.16 6.3 7.98 844K 627K 6.44
Current.
TTWO 10/01 Test BO 37.2 -1.23 36.25 43 2.5M 1.6M 38.88
Current.
TZA 07/31 Cup hdl 8.08 +0.03 7.1 8.72 1.1M 579K 7.82
Current.
UTSI 09/23 Put 34.06 -0.74 34.88 31.78 4.3M 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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