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stock trading, stock market trading
Begin part 2 of 3
New plays and full write-ups contained in part 3.
WATCHLIST/ CONTINUING: This week the summary table breaks out the upside and downside plays into different sections labeled accordingly.
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.
Upside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ABMD 10/06 Test BO 8.99 +0.09 9.12 10.95 32K 175K 8.48
Buy Not Issued. Tested below the 18 day MVA and rallied showing a tight doji on 10 day MVA on below average volume. Continue to make a lateral move along the 10 day MVA.
ACN 09/24 Test 50 24.18 +0.78 22.62 27.15 2.5M 3.4M 22.71
Current. Continue to move up the 10 day MVA for a nice move on below average volume.
ADVP 10/25 A Wedge 51.91 +0.44 49.59 59.38 702K 3.1M 49.44
Current. Continue to move up the 10 day MVA on very low volume.
AKAM 10/21 Cup hdl 9.31 +1.41 6.42 8 15M 2.4M 5.88
Buy Not Issued. Explosive move up on stronger above average volume. We missed this one. Stock got away from us. Waiting for a pull back.
ARIA 11/01 A Wedge 7.48 +0.39 7.56 8.98 1.6M 694K 6.96
Current. Entered the play as stock raced up on excellent volume surge. Tapped 7.85 at the high, but gave it back. Continues to move up the 10 day MVA.
ARIA 09/11 Test BO 7.48 +0.39 5.08 6.28 1.6M 600K 6.61
Current.
ASL 10/21 Cup hdl 10.98 +0.18 11.62 14.22 1.1M 1.3M 10.81
Buy Not Issued. Tested the 50 day MVA and rallied closing on the 18 day MVA on lower, but above average volume. Still in the pattern.
ASML 10/27 Rv H&S 18.37 +0.82 16.78 19.55 3.4M 6.1M 15.78
Current. Big gap up at the open and continued to move up on lower, below average volume. Stock continues to climb the 10 day MVA.
BRCM 10/04 Cup hdl 33.66 +1.72 29.91 35.88 10M 20M 31.22
Current. Continue to move up the 10 day MVA for a nice move on stronger above average volume.
BRLI 10/20 Cup hdl 17.12 +0.53 13.45 16.22 228K 212K 14.96
Current. Continue to move up the 10 day MVA on below average volume. Moving up the 10 day MVA.
CELL 07/21 Cup hdl 27.9 -0.75 12.83 15.51 1M 225K 25.92
Current. Pull back on much lower, below average volume. Still in uptrend.
CKSW 10/25 Test BO 3.14 +0.14 3.08 4.05 414K 300K 2.81
Buy Not Issued. More volatile with 3.31 at the day's high and 2.99 at the low showing a doji on much higher above average volume. Doji may indicate ready to move up.
CORI 10/27 Test BO 6.72 +0.16 6.25 7.85 1.5M 550K 6.08
Current. Gapped up at the open, but lost some of the gain on higher, above average volume. Filled in the gap intraday on stronger above average volume.
CRA 10/28 Cup hdl 13.59 +0.22 13.62 16.35 595K 747K 12.58
Buy Not Issued. More volatile with 13.90 at the day's high and 13.13 at the day's low showing a doji on stronger above average volume. Continue to move up the 10 day MVA.
CY 09/22 FlyPlat 22.45 +0.99 19.75 23.65 3.1M 3.8M 20.68
Current. Continue to move up the 10 day MVA on average volume.
DGII 10/08 Test BO 9.48 +0.18 8.75 10.62 255K 167K 9.05
Current. Moved up off the 10 day MVA on stronger above average volume. Tapped 9.63 at the day's high, but gave it back.
EFII 09/15 FlyPlat 27.74 +0.64 24.25 29.15 824K 677K 26.33
Current. Nice breakout for a new high on stronger above average volume. Continues to move up the 10 day MVA.
EGHT 10/30 Cup 2.46 +0.24 2.15 2.91 1.7M 823K 1.97
Current. Gapped up at the open and moved higher with a nice gain, tapped 2.65 at the day's high, but gave most of it back on much lower, but still above average volume. Continues to move up the 10 day MVA.
EGOV 10/07 Test BO 5.54 +0.36 5.07 6.35 738K 264K 4.96
Current. Tested the 18 day MVA and rallied for a great move breaking a new high on very strong volume surge.
EMBT 10/06 Flat 13.47 +0.57 11.24 13.38 258K 350K 12.18
Current. Continue to move up the 10 day MVA for a nice move on higher, but average volume.
EMBT 07/26 Cup hdl 13.47 +0.57 9.33 11.12 258K 400K 12.18
Current.
ESPR 10/23 BO 17.66 -6.21 23.05 27.92 5.1M 600K 22.71
Exited. Exited the play as stock tanked below the simple 50 day MVA due to unfavorable news about a certain drug.
EVCI 10/20 Cup hdl 4.77 +0.02 3.4 4.38 196K 125K 3.98
Current. Very volatile session with 5.24 at the high and 4.50 at the low showing a tight doji on much lower, but still above average volume. Stock continues to move up the 10 day MVA.
FALC 10/30 Cup hdl 7.66 +0.14 7.74 9.35 116K 230K 7.18
Buy Not Issued. Continue to move up the 10 day MVA on below average volume.
FCFS 10/27 A Wedge 25.7 +0.6 25.6 30.62 262K 250K 24.31
Current. Rallied up on stronger above average volume. Moving up the 10 day MVA.
GBN 10/22 Cup 2.01 +0.1 1.86 2.42 645K 300K 1.77
Current. Gapped up at the open and moved up to tap 2.10 at the day's high, but gave it back on stronger above average volume. Continues to run up the 10 day MVA.
GISX 10/25 Cup hdl 29.11 +0.1 27.88 33.32 137K 302K 27.72
Current. Continues to move up the 10 day MVA on below average volume.
IDTI 10/29 Rv H&S 16.35 +0.6 16.45 19.75 1.7M 3.3M 15.18
Current. Nice move up on higher, but still below average volume. Tapped 16.72 at the day's high on higher below average volume. Continues to move up the 10 day MVA.
IDXC 11/01 A Wedge 25.32 -0.88 26.78 32 490K 225K 24.64
Current. Thudded down to close just above the 10 day MVA on stronger above average volume. Still in good shape.
IFLO 09/22 Test BO 14.13 -0.42 11.29 13.55 350K 375K 13.36
Current. Pull back on slightly higher, but below average volume. Tapped 14.99 at the day's high, but gave it back. Continuing to run up the 10 day MVA.
IFLO 09/09 Flat 14.13 -0.42 9.62 11.52 350K 426K 13.36
Current.
ILXO 10/28 Dbl btm 20.98 +0.12 21.42 25.75 280K 692K 19.72
Buy Not Issued. Volatile session with 21.42 at the high and 20.65 at the low showing a tight doji on below average volume as stock makes a lateral move above the 10 day MVA.
INGP 11/01 Cup hdl 6.26 +0.08 6.36 7.92 1.9M 903K 5.91
Buy Not Issued. Big gap up at the open, but just gave it all back and then some on strong above average volume. Filled in the gap intraday. Still in uptrend.
KOSP 10/29 Cup 40 +0.04 40.58 48.68 318K 727K 37.48
Buy Not Issued. Narrow trading range showing a doji on average volume. Continue to make a lateral move above the 10 day MVA.
LENS 10/29 A Wedge 12.81 -0.03 13.17 15.78 384K 750K 12.18
Current. Tapped 13.21 at the high, but gave it back showing a doji on strong above average volume. Coming down to test the breakout.
MANU 10/11 Test BO 7.5 +0.28 6.77 8.15 1.9M 1.4M 6.43
Current. Gapped up at the open and kept moving up tapping 7.67 at the high, gave back most of the move. Continue to move up the 10 day MVA.
MCHP 10/21 Rv H&S 33.79 +1 30.5 34.75 2.7M 4M 31
Current. Continue to move up the 10 day MVA for a nice move up on slightly below average volume.
MER 10/06 Flat 59.75 +0.55 58.6 67.25 5.1M 6.5M 57.22
Current. Continue to move up the 10 day MVA making a new high on slightly above average volume.
MKTY 10/30 A Wedge 6.51 -0.09 6.72 8.08 155K 200K 6.21
Buy Not Issued. More volatile with 6.80 at the high and 6.31 at the low (10 day MVA) showing a doji on average volume. Managed to retain some of Thursday's great move. Still in uptrend.
NUFO 09/29 Cup hdl 5.2 +0.01 4.82 5.95 236K 1.2M 4.98
Current. Continue to make a lateral move along the 10 day MVA on very low volume.
NXG 10/15 Cup 2.03 -0.06 1.89 2.48 956K 684K 1.92
Current. Tested below the 10 day MVA and rallied on lower, above average volume. Testing the breakout.
ORBK 10/14 DB hdl 22.61 -1.13 24.31 29 430K 200K 23.06
Exited. Exited the play as the stock tanked below the 18 day MVA on strong volume surge.
PBY 10/23 Cup hdl 19.41 +0.18 19 22.88 813K 932K 18.62
Current. Moved up on lower, but still above average volume. Still in good shape.
RBK 09/24 DB hdl 39.38 +0.43 34.46 41.35 673K 1.1M 38.12
RETK 10/06 A Wedge 10.1 +0.08 8.49 10.25 914K 776K 9.72
Current. Tested the 18 day MVA and made a fierce rally closing above the 10 day MVA on stronger above average volume. Still in the pattern.
RHAT 09/18 Cup hdl 15.38 +0.37 10.03 12.22 3.1M 2.8M 13.78
Current. continue to move up the 10 day MVA on below average volume.
SOHU 10/24 Dbl btm 35.22 +0.91 37.69 45 4M 9M 34.85
Current. Tested support at 34 and rallied to close above the 50 day MVA. Still in good shape.
SVNT 10/18 Test BO 6.04 +0.04 6.38 7.98 536K 678K 5.93
Buy Not Hit. Moved up off the 10 day MVA on average volume. Continue the lateral move along the 10 day MVA.
TARO 10/08 Cup hdl 64.43 +0.17 61.51 73 242K 501K 62.52
Current. Continue to climb the 10 day MVA on higher, but still below average volume.
TEO 10/27 Cup hdl 8.04 +0.35 7.26 9 361K 511K 7.24
Current. Continue to move up the 10 day MVA for a nice gain on average volume.
TRPH 11/01 A Wedge 5.39 +0.39 5.31 6.62 2.7M 1.8M 4.85
Current.
TZA 07/31 Cup hdl 8.38 +0.29 7.1 8.72 712K 579K 7.92
Current. Another great move up as stock moves up the 10 day MVA on stronger above average volume.
WFII 10/31 Cup hdl 18.44 +1.29 17.24 20.62 2.4M 1M 15.96
Current. Another explosive move up on strong volume.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AAI 11/01 H&S 16.58 +0.37 16.04 14 1.6M 250K 16.62
Buy Not Hit. Relief bounce on below average volume holding above the 50 day MVA. Needs to roll over from here.
ASCA 11/01 Put 21.24 +0.12 20.92 18.85 203K 185K 22.08
Buy Not Issued. Relief bounce loosing momentum on much lower, but above average volume. Tapped 21.75 at the day's high, but rolled over.
PIXR 10/14 Put 69.51 +0.74 68.44 65 485K 600K 69.15
Tested the simple 50 day MVA, but rolled over. Still rallied on higher volume. Stock keeps showing resilience and showing signs of recovery so will drop for now, but will keep our eye on it.
End part 2 of 3
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stock trading
stock market trading
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