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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 8.77 -0.14 9.12 10.95 17K 175K 8.48
Buy Not Issued. Tested the 10 day MVA, but could not hold the gain to close below 18 day MVA. Will see if the stock takes off from here or will look to drop.
ACN 09/24 Test 50 24.3 -0.04 22.62 27.15 2.6M 3.4M 22.71
Current. Gapped down at the open then tested below the 10 day MVA and rallied on below average volume. Continues to move up the 10 day MVA.
ADVP 10/25 A Wedge 51.61 -0.09 49.59 59.38 1.2M 3.1M 49.44
Current. Tested the 10 day MVA and rallied showing a tight doji on slightly higher, but below average volume. May be ready to breakout from the lateral move.
AKAM 10/21 Cup hdl 9 -0.42 6.42 8 5.1M 2.4M 5.88
Buy Not Issued. Pull back on lower, but still above average volume. The stock got away from us, so will drop for now, but will keep our eye on it for a better position to enter.
AMX 11/03 Flat 24.98 -0.04 25.12 29.55 1.3M 1.9M 23.55
Buy Not Issued. Gapped up at the open, but gave it back on below average volume. Making a lateral move above the 10 day MVA.
ARIA 11/01 A Wedge 7.2 -0.08 7.56 8.98 390K 694K 6.96
Current.
ARIA 09/11 Test BO 7.2 -0.08 5.08 6.28 390K 600K 6.61
Current. Tested the 10 day MVA and rallied on much lower, below average volume. still in uptrend.
ASL 10/21 Cup hdl 11.19 +0.07 11.62 14.22 320K 1.3M 10.81
Buy Not Issued. Narrow trading range showing a tight doji on very low volume.
ASML 10/27 Rv H&S 17.95 +0.04 16.78 19.55 3.1M 6.1M 15.78
Current. Beginning to make a lateral move above the 10 day MVA on below average volume.
BRCM 10/04 Cup hdl 34.46 +0.74 29.91 35.88 6.5M 20M 31.22
Current. Continue to move up the 10 day MVA on below average volume.
BRLI 10/20 Cup hdl 17.41 -0.43 13.45 16.22 287K 212K 14.96
Current. Gapped up at the open, but gave back the move on higher, above average volume. Continue to move up the 10 day MVA.
CELL 07/21 Cup hdl 27.4 -0.63 12.83 15.51 510K 225K 25.92
Current. Thudded down to hold at the 10 day MVA on below average volume. Still in good shape.
CKSW 10/25 Test BO 3.63 +0.41 3.61 4.58 1.3M 300K 3.15
Current. Finally showed some strong volume on the move.
CORI 10/27 Test BO 6.39 -0.19 6.25 7.85 713K 550K 6.08
Current. Tested the 10 day MVA and rallied on stronger above average volume. May test down further.
CRA 10/28 Cup hdl 13.17 -0.15 13.62 16.35 368K 747K 12.58
Buy Not Issued. Tested below the 10 day MVA and rallied showing a doji on below average volume. Still in the pattern.
CY 09/22 FlyPlat 23.06 +0.32 19.75 23.65 3.8M 3.8M 20.68
Current. Continue to move up the 10 day MVA on above average volume.
DGII 10/08 Test BO 9.48 -0.17 8.75 10.62 145K 167K 9.05
Current. Tested the 10 day MVA and rallied on lower, but average volume. Still in uptrend and moving up the 10 day MVA.
EFII 09/15 FlyPlat 26.75 -0.58 24.25 29.15 617K 677K 26.33
Current. Gapped down at the open and continued down to hold on the 10 day MVA on higher, but below average volume. Tested below the 10 day MVA and rallied. May test down further.
EGHT 10/30 Cup 2.2 -0.18 2.15 2.91 631K 823K 1.97
Current. Pull back on lower, but still above average volume. Managed to retain last Friday's great move. Testing the breakout.
EGOV 10/07 Test BO 6 +0.16 5.07 6.35 437K 264K 4.96
Current. Tapped 5.53 at the day's low and rallied as the stock continued to climb the 10 day MVA on much lower, but still above average volume.
EMBT 10/06 Flat 13.4 -0.09 11.24 13.38 326K 350K 12.18
Target Hit. Took a partial gain when stock hit the target will let the remaining position continue to work for us.
EMBT 07/26 Cup hdl 13.4 -0.09 9.33 11.12 326K 400K 12.18
Current.
EVCI 10/20 Cup hdl 4.99 +0.44 3.4 4.38 118K 125K 3.98
Current. More volatile with 5.18 at the high and 4.40 at the low. Gapped down at the open and rallied for a nice move on below average volume.
FALC 10/30 Cup hdl 8.4 +0.36 8.04 9.65 380K 230K 7.37
Current. Another great move on stronger above average volume.
FCFS 10/27 A Wedge 25.81 +0.35 25.6 30.62 174K 250K 24.31
Current. Continue lateral move above the 10 day MVA on average volume. Tapped 26.46 at the day's high, but gave it back.
GBN 10/22 Cup 2.21 +0.01 1.86 2.42 550K 300K 1.77
Current. Gapped up at the open and then tapped 2.30 at the day's high, but gave back the move on much lower, but still strong volume. Continues to move up the 10 day MVA.
GISX 10/25 Cup hdl 28.77 -0.14 27.88 33.32 134K 302K 27.72
Current. Pull back on low volume. Still in uptrend and moving up the 10 day MVA.
IDTI 10/29 Rv H&S 16.45 +0.07 16.45 19.75 1.7M 3.3M 15.18
Current. More volitle with 16.81 at the high and 16.09 at the low showing a tight doji on below average volume. Continue to move up the 10 day MVA.
IDXC 11/01 A Wedge 23 -2.45 26.78 32 1.7M 225K 24.64
Exited. Exited the play when stock tanked below the 50 day MVA on extreme volume surge.
IFLO 09/22 Test BO 14.7 0 11.29 13.55 115K 375K 13.36
Current.
IFLO 09/09 Flat 14.7 0 9.62 11.52 115K 426K 13.36
Current. Continue to move up the 10 day MVA showing a doji on very low volume.
ILXO 10/28 Dbl btm 21.5 -0.36 21.42 25.75 249K 692K 19.72
Buy Not Issued. More volatile with 21.04 at the low (10 day MVA) and 21.96 at the high. Pull back on very low volume. Still in uptrend and moving up the 10 day MVA.
INGP 11/01 Cup hdl 6.12 -0.09 6.36 7.92 319K 903K 5.91
Buy Not Issued. Tested below the 10 day MVA and rallied on very low volume. Testing the breakout.
JBL 11/04 DB hdl 30.12 +0.01 30.38 36.45 2.7M 2.2M 28.88
Buy Not Hit. Gapped down and rallied on lower, but very strong volume. Still in uptrend and moving up the 10 day MVA.
KOSP 10/29 Cup 44.05 -0.15 40.58 48.68 815K 727K 37.48
Buy Not Issued. More volatile with 45.40 at the high and 43.11 at the low showing a doji on much lower, but still above average volume. Waiting for a pull back or will look to drop.
LENS 10/29 A Wedge 13.95 +0.05 13.17 15.78 604K 750K 12.18
Current. Tested 13.46 at the low and rallied showing a tight doji on much lower, but still above average volume. Continue to move up the 10 day MVA.
MANU 10/11 Test BO 7.33 -0.11 6.77 8.15 550K 1.4M 6.43
Current. Gapped down and closed showing a tight doji on very low volume. Managed to retain all of last Thursday's great move.
MCHP 10/21 Rv H&S 34.06 +0.22 30.5 34.75 3.7M 4M 31
Current. Continue to move up the 10 day MVA on above average volume.
MER 10/06 Flat 59.07 -0.59 58.6 67.25 4.7M 6.5M 57.22
Current. Gapped down at the open and then moved down to test the 10 day MVA and rallied on average volume. Still in good shape.
MKTY 10/30 A Wedge 6.59 -0.02 6.79 8.17 208K 200K 6.31
Current. Entered the play. Volatile session with 6.80 at the high and 6.39 at the low (10 day MVA) showing a tight doji on higher, above average volume. May be ready for the next move up.
NEOF 11/03 A Wedge 16.21 +0.08 16.58 19.95 34K 151K 15.42
Buy Not Hit. Tested the 18 day MVA and rallied on low volume. Making a lateral move above the 10 day MVA.
NUFO 09/29 Cup hdl 5.17 -0.02 4.82 5.95 263K 1.2M 4.98
Current. Continue lateral move on the 10 day MVA on low volume. Tested below the 18 day MVA intraday and rallied.
NXG 10/15 Cup 2 -0.15 1.89 2.48 1.9M 684K 1.92
Current. Thudded down to hold the 10 day MVA on strong volume surge. May test down further.
PBY 10/23 Cup hdl 19.7 +0.26 19 22.88 320K 932K 18.62
Current. Beginning the move back up the 10 day MVA on below average volume. Resistance is at 19.75.
PLXS 11/03 DB hdl 18.59 +0.22 19.06 22.75 321K 528K 17.55
Current. Tested the 18 day MVA and rallied as the stock continued to move up the 10 day MVA on average volume.
RBK 09/24 DB hdl 39.71 +0.24 34.46 41.35 698K 1.1M 38.12
Continue to move up the 10 day MVA on average volume.
RETK 10/06 A Wedge 10.61 -0.05 8.49 10.25 627K 776K 9.72
Current. Tested the 10 day MVA and rallied showing a doji on lower, but still above average volume. Tapped 11, but gave it back.
SCKT 11/03 Cup hdl 3.97 +0.22 3.61 4.55 1.4M 526K 3.36
Current. another explosive move up on lower, but still very strong volume.
SCMR 11/04 A Wedge 5.63 +0.4 5.39 6.72 2.5M 3M 5.12
Current. Entered the play for an explosive move up on stronger but average volume.
SOHU 10/24 Dbl btm 34.35 -0.61 37.69 45 3.7M 9M 34.85
Current. Fell below the 50 day MVA on slightly higher, but still below average volume. Tapped 33.45 at the day's low and rallied. Look for a relief bounce to exit the play or see if it recovers. Strong stock.
SVNT 10/18 Test BO 5.94 -0.05 6.38 7.98 538K 678K 5.93
Buy Not Hit. Pull back to close on the 18 day MVA on average volume. Continue lateral move.
TARO 10/08 Cup hdl 66.88 +1.18 61.51 73 372K 501K 62.52
Current. Continue to move up the 10 day MVA for a nice gain on stronger above average volume. Tapped 68.42 at the day's high, but gave it back.
TEO 10/27 Cup hdl 8.38 +0.2 7.26 9 431K 511K 7.24
Current. Big gap up at the open and continued the move on much stronger above average volume. Filled in the gap intraday. Stock continues to soar up the 10 day MVA.
TRPH 11/01 A Wedge 5.24 -0.24 5.31 6.62 2M 1.8M 4.85
Current. More volatile session with 5.84 at the high and 4.90 at the low (10 day MVA). Moved down on above average volume. Still in good shape.
TZA 07/31 Cup hdl 8.35 +0.08 7.1 8.72 188K 579K 7.92
Current. Test the 10 day MVA and rallied on very low volume. Moving up the 10 day MVA.
WFII 10/31 Cup hdl 18.28 -0.11 17.24 20.62 1.1M 1M 15.96
Current. Slight pull back on much lower, but above average volume. Still in uptrend and moving up the 10 day MVA.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AAI 11/01 H&S 16.25 -0.27 16.04 14 1.7M 250K 16.62
Buy Not Issued. Tested the 50 day MVA, and rolled over showing a tight doji on higher, but below average volume.
ASCA 11/01 Put 20.29 -0.44 20.27 18.85 556K 185K 21.25
Current. Gapped down for a nice move down on stronger above average volume.
PIXR 10/14 Put 69.96 +0.48 68.44 65 323K 600K 69.15
Rallying up on higher volume. The stock has not made the move we were looking for so will drop, 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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