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Begin part 2 of 2
Continuing ready to move: OEX; BRKS; BRLI; OPSW; TRPH; XLNX
CONTINUING PLAY LIST: 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
^OEX 11/06 A Wedge 518.66 -0.11 523.15 545 329K 650K 518.55
Current. Narrow trading range with 519.58 at the high (10 day MVA) and 517.11 at the low showing a tight doji on the 18 day MVA on below average volume. Needs to hold here.
ALGN 11/03 Test BO 16.95 -0.6 17.45 20.85 639K 616K 16.44
Current. Thudded down to close just above the 10 day MVA on stronger above average volume. Tested below the 10 day MVA intraday and rallied. May test down further.
AMSWA 10/23 Test BO 6.5 -0.21 6.12 7.45 81K 150K 6.39
Current. Thudded to close holding the 10 day MVA on below average volume. Tested below the 10 day MVA intraday and rallied.
ANT 11/10 A Wedge 33.9 -0.1 35.22 42 146K 561K 33.55
Buy Not Hit.
BRKS 10/29 Cup 24.85 -0.25 27 32.38 742K 1.4M 25.55
Current. More volatile with 25.38 at the high (18 day MVA) and 24.25 at the low (50 day MVA) showing a doji on below average volume. May be ready for move up.
BRLI 10/20 Cup hdl 17.83 +0.01 13.45 16.22 392K 212K 16.12
Current. Working laterally up the 10 day MVA and below 18. Still solid.
CASY 11/06 Rv H&S 15.96 -0.09 16.26 20 62K 200K 15.35
Buy Not Issued.
CATS 10/27 Test BO 7.18 0 7.58 9.12 38K 145K 7.05
Buy Not Issued.
CKSW 10/25 Test BO 3.4 -0.04 3.61 4.58 232K 300K 3.22
Current. Nice doji at the 10 day MVA as it works up that support level. Needs to be over 3.50.
CORI 10/27 Test BO 6.09 -0.76 6.25 7.85 1.6M 550K 6.08
Current. Fell through the 18 day MVA on rising volume but was recovering off the low so we were going to let it rally Wednesday.
CYMI 11/06 DB hdl 46.29 +0.37 49.39 59.22 628K 2M 46.48
Current. Bounced off the 18 day MVA on below average volume. Tapped above the 10 day MVA, but gave back the move. Still in the pattern.
DCGN 09/20 Test BO 7.9 -0.11 4.32 5.38 398K 315K 6.99
Current. Gapped higher but gave it back on low volume. Still a very solid uptrend.
DJO 09/11 Cup 21 +0.06 14 16.45 56K 100K 19.22
Current. Nice lateral move after the breakout, holding the gains. That is solid action.
DKS 10/13 Cup 45.15 -0.92 44.68 55.38 194K 603K 46.44
Exited.
ECIL 10/02 Test BO 6 -0.11 4.3 5.22 708K 300K 5.22
Current. Still moving well as is surges off the 10 day MVA. Gave back some move Tuesday but still strong.
EGHT 10/30 Cup 3.4 -0.55 2.15 2.91 2.5M 823K 2.72
Current. After a huge move it turned over Tuesday on lower trade. Already taken some gain and letting the rest work for us.
EGOV 10/07 Test BO 6.99 +0.49 5.07 6.35 674K 264K 6.44
Current. Nice move up to recoup yesterday's loss and then some on slightly lower, but still above average volume. Continue to move up the 10 day MVA.
EGOV 09/20 Cup hdl 6.99 +0.49 4.8 5.68 674K 264K 6.44
Current.
EMBT 10/06 Flat 14.98 -0.04 11.24 13.38 605K 350K 13.12
Current. Doji after a strong run indicates it may be ready to test back some. Still a solid move.
EMBT 07/26 Cup hdl 14.98 -0.04 9.33 11.12 605K 400K 13.12
Current.
ENCY 11/09 Dbl btm 6.85 -0.5 7.48 9.35 646K 522K 6.96
Buy Not Issued.
EVCI 10/20 Cup hdl 4.7 +0.1 3.4 4.38 98K 125K 4.44
Current. Nice test of the 18 day MVA and rebounding over the 10 day. Not bad.
GBN 10/22 Cup 2.05 -0.08 1.86 2.42 306K 300K 1.89
Current. Holding over the 10 day on lower volume.
GEMS 10/22 Test BO 3.15 +0.03 2.87 3.72 439K 487K 3.08
Current. Tested the 18 day MVA and rallied to close above the 10 day MVA on slightly higher below average volume. Tapped 3.40 at the day's high, but gave it back. May be ready for next move up.
IFLO 09/22 Test BO 13.9 -0.66 11.29 13.55 249K 375K 14.12
Exited.
IFLO 09/09 Flat 13.9 -0.66 9.62 11.52 249K 426K 14.12
Exited.
JNPR 11/01 A Wedge 18.36 +0.04 18.94 22.42 5.4M 15M 17.79
Current. Volatile session with 18.65 at the high and 18.16 at the low showing a doji on the 10 day MVA on below average volume. Testing the breakout.
KEI 11/05 Cup hdl 17.2 0 18.37 22.05 46K 150K 17.45
Current. Testing the 10 day MVA on low volume.
LM 05/06 Cup hdl 83.26 +0.19 58.5 67.78 462K 610K 82.92
Current. Holding the 10 day MVA on low volume.
MDS 11/09 Cup 13.9 +0.02 14.08 17 144K 120K 13.36
Buy Not Hit. Moving laterally just below the breakout point. Still solid.
MVSN 11/09 Cup hdl 22.13 -0.15 23.08 27.69 371K 891K 21.99
Buy Not Hit.
NOOF 11/01 Cup hdl 7.15 +0.41 5.27 6.32 1.4M 319K 5.62
Current. Another great move up on strong volume.
NOOF 10/25 Cup hdl 7.15 +0.41 4.78 6.21 1.4M 280K 5.62
Current.
NXG 10/15 Cup 1.89 -0.08 1.89 2.48 609K 684K 1.92
Exited.
NXTL 10/02 Cup hdl 23.06 -0.4 20.76 24.95 13M 27M 23.12
Current. Starting to crack at the 18 day MVA as volume crept higher. Has to hold here.
NXTL 09/17 Cup hdl 23.06 -0.4 20.64 24.75 13M 24M 23.12
Current.
ONNN 10/28 Test 50 4.51 -0.1 4.65 5.88 948K 1.7M 4.42
Current. Still working laterally over the 18 and 50 day MVA.
OPSW 10/28 A Wedge 8.47 -0.08 8.95 10.95 396K 1M 8.32
Current. Still solid with a doji at the 18 day MVA on low volume.
PDYN 09/29 DB hdl 3.67 -0.13 2.55 3.24 82K 450K 3.42
Current. Holding the 10 day MVA on very low volume.
PKI 10/09 DB hdl 17.07 -0.11 18.12 21.65 712K 1.1M 17.42
Buy Not Issued. Back to the 50 day MVA on some stronger trade on the way down. Another 50 day MVA bounce? Not sure we want to participate given the distribution on the way down.
PLUM 11/09 A Wedge 5.1 -0.23 5.78 7.52 258K 230K 5.38
Buy Not Hit. Dropping.
PLXS 11/03 DB hdl 18.72 -0.15 19.06 22.75 326K 528K 18.23
Current. Nice doji at the 10 day MVA on lower volume.
PLXT 11/03 A Wedge 9.99 +0.12 8.81 10.96 121K 222K 8.94
Current. Holding up very well given the selling in the overall market.
PSSI 11/06 Cup hdl 9.58 +0.08 10.26 12.95 361K 779K 9.55
Buy Not Hit. Still holding the 18 day MVA in the handle, but will need to settle down. Going to keep watching it but dropping for now.
PUMA 10/27 A Wedge 6.67 -0.23 7.34 9.06 750K 1.4M 6.97
Current. Gapped down but held the 18 day MVA with a tight doji. Needs to bounce from here.
REMC 11/06 Dbl btm 12.07 -0.53 12.88 15.75 671K 800K 11.92
Buy Not Issued. Back down to the breakout point. This is where it needs to hold and return upside.
RETK 10/06 A Wedge 10.67 -0.12 8.49 10.25 395K 776K 10.37
Current. Holding the 10 day MVA on a test of the strong move higher to start the month.
RWY 11/04 Cup hdl 6.4 -0.1 6.24 7.85 107K 146K 6.22
Current. Tapping the 10 day MVA on the low and rebounding to recover almost all the losses.
SCMR 11/04 A Wedge 5.36 -0.17 5.39 6.72 4M 3M 5.49
Current. Sold to the 18 day MVA and announced earnings after hours that had the stock lower. We will see how it responds in the morning.
SINA 10/24 Test 50 35.26 -2.33 41.55 50 8.4M 15M 39.42
Current. Broke the 50 day MVA on volume, back at support at 35. This is where it needs to hold.
SINA 09/09 Cup 35.26 -2.33 36.15 41 8.4M 12M 37.55
Current.
SINA 08/18 Test 50 35.26 -2.33 32.2 38.25 8.4M 10M 37.55
Current.
SOFO 10/02 Test BO 2.4 -0.06 2.05 2.74 44K 395K 2.28
Current. Holding the 10 day MVA on low volume as it tries to clear 2.50.
SOHU 10/24 Dbl btm 31.5 -1.94 37.69 45 4.2M 9M 34.85
Current.
TARO 10/08 Cup hdl 65.9 -1.53 61.51 73 221K 501K 65.32
Current. Dropped to the 10 day MVA on low, below average volume.
TELM 09/30 Test BO 1.84 +0.06 1.51 2.04 2.1M 7M 1.61
Current. Still working higher, finally getting over 1.80.
TLAB 11/10 DB hdl 7.73 -0.02 8.12 9.75 2.9M 6M 7.55
Buy Not Hit. Still looks ready to go with another doji.
TRPH 11/01 A Wedge 5.03 -0.17 5.31 6.62 465K 1.8M 4.85
Current. Still working laterally over the 10 day MVA on low volume as it works on the handle.
TSCO 06/03 Rv H&S 41.43 +0.5 23.42 27.62 330K 603K 40.94
Current. Has pulled back to the 18 day MVA where it is trying to hold.
TSCO 04/24 Cup hdl 41.43 +0.5 21.88 26 330K 603K 40.94
Current.
TVIA 11/04 Cup hdl 2.1 -0.07 2.38 3.09 48K 219K 2.18
Buy Not Issued.
TXN 10/23 Test BO 29.66 -0.43 27.65 33.18 9.1M 18M 29.48
Current. Has dropped to the 10 day MVA on continued below average volume.
VAR 10/28 Cup hdl 64.19 -0.4 64.5 74.25 334K 1.1M 64.12
Current. Testing some support at 64 on lower volume.
VLGC 11/10 Cup 1.85 -0.12 2.06 2.72 3.6M 1.3M 1.92
Buy Not Issued. Big gap higher and rally but it gave it all back and more.
XLNX 11/01 DB hdl 33.85 +0.65 32.68 38.68 5.2M 11M 32.94
Current. Ready to move again, bouncing up off the 10 day MVA and showing strength as the market sold.
ZMH 08/09 Test BO 63.18 -1.32 51.12 59.55 1.4M 3M 63.55
Current. Fell through the 10 day MVA on rising volume. Needs to rebound, but this winner can do just that.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ARDI 11/10 Put 12.05 -0.26 12.12 10.06 531K 1M 13.31
Buy Not Issued.
ASCA 11/01 Put 20.31 -0.09 20.27 18.85 103K 185K 21.25
Current. Still moving laterally at 20. That is the point to beat.
Good Investing!
Jon L. Johnson and your IH Alerts 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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