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trade stock, stock recommendation
Begin part 2 of 2
THE PLAYS
Good movers Tuesday: SOX; ASML; BRCM BRLI; CY; EFII; EVCI; MCHP; ORBK; PBY; RBK; TEO; TZA
NEW PLAYS:
Upside:
Play Date: 10/28/2003
ILXO (Ilex Oncology--$20.85; +0.58; optionable): Medical labs
http://biz.yahoo.com/p/i/ilxo.html
STATUS: Double bottom. IXLO is trying to make the breakout from a 17 week double bottom pattern with strong 7 to 3 accumulation. It made one low in August, rallied up to 20, and then made the second low in late September before rallying back up. That makes the signature 'w' pattern where the sellers are shaken out by the violent up and down moves in the pattern. Now that it is back up at the 'hump' in the middle of the pattern it will either breakout from here on strong trade or it will slide laterally for several sessions and then make the strong breakout. Either way it is a solid pattern and we are going to wait patiently and let it develop.
Volume: 384.624K Avg Volume: 461.863K
BUY POINT: $21.42 Volume=692K Target=$25.75 Stop=$19.72
POSITION: IUE BD - Feb. $20c (62 delta) &/or Stock
http://www.investmenthouse.com/ct/ilxo.html
Play Date: 10/28/2003
CRA (Applera--$13.48; +0.78; optionable): Scientific & technical instruments
http://biz.yahoo.com/p/c/cra.html
STATUS: Reverse head & shoulders breakout. CRA is making its move out of a 19 week base showing solid 7 to 3 accumulation, surging money flow, and relative strength ready to breatkout. Volume has swelled the past week and was really racing higher this wee as CRA made the move. Very solid breakout and a buy on a further move from here.
Volume: 894.8K Avg Volume: 498.272K
BUY POINT: $13.62 Volume=747K Target=$16.35 Stop=$12.58
POSITION: CRA CV - Mar. $12.50c (71 delta) &/or Stock
http://www.investmenthouse.com/ct/cra.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 10/25 Test 50 491.11 +29.02 463.17 492 1.1M 1.1M 464.95
Current. Excellent move up.
ABMD 10/06 Test BO 9.17 +0.21 9.12 10.95 82K 175K 8.48
Buy Not Issued.
ACN 09/24 Test 50 23.28 +0.89 22.62 27.15 4.9M 3.4M 22.12
Current.
ADVP 10/25 A Wedge 50.3 +1 49.59 59.38 2.8M 3.1M 46.81
Current.
AFOP 10/11 Cup hdl 2.21 -0.2 2.22 2.95 223K 750K 2.24
Exited.
AKAM 10/21 Cup hdl 5.99 +0.12 6.42 8 2M 2.4M 5.88
Buy Not Hit.
ARIA 09/11 Test BO 6.87 0 5.08 6.28 488K 600K 6.36
Current.
ASL 10/21 Cup hdl 11.08 -0.12 11.62 14.22 548K 1.3M 10.81
Buy Not Issued.
ASML 10/27 Rv H&S 17.32 +1.68 16.78 19.55 4.6M 6.1M 15.78
Current.
BRCM 10/04 Cup hdl 32 +1.9 29.91 35.88 7.8M 20M 29.94
Current.
BRLI 10/20 Cup hdl 15.63 +1.13 13.45 16.22 438K 212K 12.78
Current.
CAMD 10/09 Pennant 7.85 -0.11 8.32 10 123K 500K 7.78
Exited.
CELL 07/21 Cup hdl 27.24 +1.44 12.83 15.51 774K 225K 24.68
Current.
CKSW 10/25 Test BO 3.27 -0.08 3.08 4.05 556K 300K 2.81
Buy Not Issued.
CORI 10/27 Test BO 5.9 -0.2 6.19 7.75 1.2M 550K 5.82
Buy Not Hit.
CVM 10/20 Test BO 1.61 +0.02 1.61 2.05 914K 900K 1.38
Current.
CVM 09/29 Cup hdl 1.61 +0.02 1.17 1.56 914K 900K 1.38
Current.
CY 09/22 FlyPlat 21.04 +1.01 19.75 23.65 2.8M 3.8M 19.42
Current.
DGII 10/08 Test BO 9.36 +0.12 8.75 10.62 394K 167K 8.43
Current.
EFII 09/15 FlyPlat 27.67 +1.48 24.25 29.15 1.7M 677K 24.88
Current.
EGOV 10/07 Test BO 5.14 +0.06 5.07 6.35 223K 264K 4.96
Current.
EMBT 10/06 Flat 12.37 +0.27 11.24 13.38 302K 350K 11.66
Current.
EMBT 07/26 Cup hdl 12.37 +0.27 9.33 11.12 302K 400K 11.66
Current.
ESPR 10/23 BO 23.06 +0.06 23.05 27.92 530K 600K 21.44
Current.
ESV 10/18 Put 25.63 +0.05 26.08 24 2.2M 2M 26.62
EVCI 10/20 Cup hdl 4.3 +0.4 3.4 4.38 463K 125K 3.21
Current.
FCFS 10/27 A Wedge 25.8 +0.96 25.6 30.62 442K 250K 23.81
Current.
GBN 10/22 Cup 1.89 -0.04 1.86 2.42 312K 300K 1.68
Current.
GISX 10/25 Cup hdl 28.27 +0.86 27.88 33.32 262K 302K 26.32
Current.
IFLO 09/22 Test BO 13.58 +0.21 11.29 13.55 211K 375K 11.84
Current.
IFLO 09/09 Flat 13.58 +0.21 9.62 11.52 211K 426K 11.84
Current.
IRM 09/10 Put 36.92 +0.08 34.55 32 248K 500K 36.12
Exited.
MANU 10/11 Test BO 6.76 +0.03 6.77 8.15 1M 1.4M 6.27
Current.
MCHP 10/21 Rv H&S 31.72 +3.52 30.5 34.75 10M 4M 28.18
Current.
MER 10/06 Flat 57.74 +1.59 58.6 67.25 5.7M 6.5M 55.03
Current.
NTES 10/24 Test 50 65.85 +0.42 64.25 75 6.4M 5M 60.45
Current. Reported strong earnings after the close but is being destroyed, down $9 from the close. Rumors were flying & a false news story was posted re SINA. NTES announced weak mobile text messaging. Seems to be specific only to NTES.
NUFO 09/29 Cup hdl 5.23 -0.01 4.82 5.95 242K 1.2M 4.98
Current.
NXG 10/15 Cup 1.94 0 1.89 2.48 307K 684K 1.78
Current.
ODSY 10/18 Put 29.15 +0.27 27.8 24.65 236K 511K 28.62
Current.
ORBK 10/14 DB hdl 23.64 +1.33 24.31 29 100K 200K 22.89
Current.
PBY 10/23 Cup hdl 19.3 +0.83 19 22.88 567K 932K 17.96
Current.
PHTN 10/22 Dbl Top 31.95 +1.2 29.64 26.05 452K 476K 30.82
Buy Not Issued.
PIXR 10/14 Put 68.68 +0.77 68.44 65 251K 600K 69.15
PNR 10/22 Put 39.37 +0.28 37.98 35.98 382K 444K 38.48
Buy Not Issued.
RBK 09/24 DB hdl 38.99 +1.12 34.46 41.35 904K 1.1M 36.48
RETK 10/06 A Wedge 10.23 -0.01 8.49 10.25 887K 776K 9.34
Current.
RHAT 09/18 Cup hdl 13.86 +0.18 10.03 12.22 2.2M 2.8M 12.35
Current.
RNDC 09/23 Cup hdl 3 +0.11 3.23 4.04 377K 559K 2.92
Current.
SNCI 10/18 Test BO 7.48 +0.13 8.06 10 31K 120K 7.44
Buy Not Issued.
SOHU 10/24 Dbl btm 37.17 +0.22 37.69 45 6.5M 9M 34.85
Current. Caught up in SINA false story intrigue & NTES earnings
after hours. Down $2 immediately after hours but trying
to recover later.
SVNT 10/18 Test BO 6 +0.04 6.38 7.98 409K 678K 5.93
Buy Not Hit.
TARO 10/08 Cup hdl 63.38 -0.12 61.51 73 154K 501K 61.32
Current.
TEO 10/27 Cup hdl 7.3 +0.33 7.26 9 611K 511K 6.84
Current.
TMWD 10/01 Test 18 6.42 -0.49 6.3 7.98 469K 627K 6.55
Current.
TZA 07/31 Cup hdl 8.33 +0.4 7.1 8.72 816K 579K 7.88
Current.
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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