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us stock market, stock recommendation
Begin part 3 of 3
Good movers Tuesday: DJO; EGHT; EVCI; NOOF
Continuing plays ready to move: ANT; TRPH; VLGC; XLA; ARDI; PFGC
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 512.22 -3.33 523.15 545 276K 650K 518.55
Current. Thudded down to close below the 50 day MVA on below average volume. Needs to hold here and bounce.
AMSWA 10/23 Test BO 6.46 -0.24 6.12 7.45 104K 150K 6.55
Current. Thudded down to hold the 18 day MVA on below average volume. Needs to hold here and rebound.
ANT 11/10 A Wedge 35.44 +0.75 35.58 42.45 456K 561K 34.08
Current. Bounced off the 10 day MVA and rallied on stronger volume. Tapped 35.70 at the day's high, but gave it back. Beginning to move up the 10 day MVA.
BEV 11/12 Cup 7.4 +0.34 7.25 8.94 1.5M 1.7M 6.72
Current. Beginning to move back up the 10 day MVA on slightly above average volume.
BRKS 10/29 Cup 25.28 +0.18 27 32.38 1.2M 1.4M 25.55
Current. Volatile with 25.82 at the high and 24.90 at the low showing a tight doji just under the 18 day MVA on stronger volume surge. May be ready to break out.
BWC 11/13 DB hdl 18.79 -0.1 20.08 24.12 78K 155K 19.19
Buy Not Issued. More volatile closing below the 18 day MVA. The stock has not made the move we were looking for so will drop, but will keep our eye on it.
CASY 11/06 Rv H&S 16 -0.36 16.37 20.12 64K 200K 15.72
Current. Thudded down to close below the 10 day MVA on very low volume. Took back all of yesterday's great move. Still in good shape.
CATS 10/27 Test BO 7.15 -0.03 7.58 9.12 36K 145K 7.05
Buy Not Issued. Tapped 7.30 intraday, but gave it back showing a doji on the 18 day MVA on low volume. Still in good shape.
CKSW 10/25 Test BO 4.05 +0.15 3.61 4.58 588K 300K 3.57
Current. Continue to move up the 10 day MVA on stronger above average volume. Tapped 4.26 at the day's high, but gave it back.
CORI 10/27 Test BO 5.96 -0.24 6.25 7.85 850K 550K 6.08
Exited. Gapped down below the 18 day MVA on stronger volume.
CRA 11/13 Rv H&S 12.74 -0.74 13.94 16.75 380K 809K 13.23
Buy Not Hit. Tanked below the 18 day MVA. The stock has not made the move we were looking for so will drop, but will keep our eye on it.
CY 11/17 Test 18 21.61 +0.02 22.02 26.45 3.5M 4.6M 21.45
Buy Not Issued. Pull back to hold the 18 day MVA on much lower, but still above average volume. Beginning to make a lateral move on the 18 day MVA.
CYMI 11/06 DB hdl 44.97 -0.94 49.39 59.22 830K 2M 46.25
Current. Gapped up, but gave it back closing just above the simple 50 day MVA on below average volume. Looking for a relief bounce from the 50 day MVA.
DCGN 09/20 Test BO 8.67 -0.72 4.32 5.38 1.4M 315K 7.29
Current. Gapped up at the open then fell sharply on stronger above average volume. Still held above the 10 day MVA. Will probably test back further.
DJO 09/11 Cup 24.09 +1.64 14 16.45 197K 100K 21.63
Current. Moving up the 10 day MVA for a nice move on stronger volume, after a test of the break out.
ECIL 10/02 Test BO 6 -0.01 4.3 5.22 313K 300K 5.65
Current. Tapped 6.30 at the day's high, but gave it back showing a doji on stronger but average volume. Continues to make a lateral move along the 10 day MVA, but may be ready for next break out.
EGHT 10/30 Cup 3.9 +0.37 2.15 2.91 3.8M 823K 3.06
Current. Gapped up at the open and rallied on excellent volume surge. Tapped 4.05 at the high, but could not hold the gain. Moving up the 10 day MVA.
EGOV 10/07 Test BO 6.02 -0.03 5.07 6.35 390K 264K 6.44
Exited. Exited trailing stop as moved down to close below the 18 day MVA.
EGOV 09/20 Cup hdl 6.02 -0.03 4.8 5.68 390K 264K 6.44
Exited.
EMBT 10/06 Flat 15.3 -0.4 11.24 13.38 196K 350K 14.48
Current. Pull back on very low volume. Still in an uptrend.
EMBT 07/26 Cup hdl 15.3 -0.4 9.33 11.12 196K 400K 14.48
Current.
ENCY 11/09 Dbl btm 6.47 -0.38 7.48 9.35 278K 522K 6.96
Buy Not Issued. Thudded down to hold the simple 50 day MVA on below average volume. Stock has not made the move we were looking for so will drop, but will keep our eye on it.
EPIC 11/15 Flat 11.2 +0.11 11.68 14.06 558K 522K 10.81
Buy Not Hit. Gapped down on the 18 day MVA and rallied on much lower, but still above average volume. Still in good shape.
EVCI 10/20 Cup hdl 5.5 +0.52 3.4 4.38 567K 125K 4.55
Current. Explosive move up on excellent volume surge. Tapped 5.72 at the high, but gave some of it back.
GBN 10/22 Cup 2.28 -0.01 1.86 2.42 498K 300K 2.02
Current. Closed basically flat showing a doji on much lower, but still strong volume. Moving up the 10 day MVA.
KEYN 11/17 Flat 11.9 -0.29 12.52 15 217K 200K 11.65
Current. Surged early on solid volume, sucked us in as it showed
some early block trades, then the rug was yanked. Held
the 10 day MVA, but this is where it needs to bounce.
MDS 11/09 Cup 14.08 -0.08 14.28 17.21 92K 120K 13.63
Current. Volatile session. Gapped up at the open, but gave it back on average volume. Still in uptrend.
MKSI 11/12 DB hdl 26.01 -0.7 29.14 34.98 174K 616K 27.05
Buy Not Hit. Gapped up at the open and gave it all back closing below the 18 day MVA on low volume. The stock has not made the move we were looking for so will drop, but will keep our eyes on it.
NMGC 11/11 Cup 3.22 -0.27 2.91 3.78 1.1M 303K 2.68
Current. Fell taking away most of yesterday's great move on much lower, but still strong volume. Still in uptrend and moving up the 10 day MVA.
NOOF 11/01 Cup hdl 8 +1.04 5.27 6.32 2.2M 319K 6.24
Current. Nice breakout for a great move on excellent volume surge.
NOOF 10/25 Cup hdl 8 +1.04 4.78 6.21 2.2M 280K 6.24
Current.
NSIT 11/15 A Wedge 16.96 -0.36 19.06 22.88 224K 819K 17.94
Buy Not Hit. Thudded down below the 50 day MVA on low volume. The stock has not made the move we were looking for so will drop, but will keep our eye on it.
NXTL 10/02 Cup hdl 22.79 -0.41 20.76 24.95 11M 27M 23.31
Exited. Exited trailing stop as stock fell closing below support at 23.
NXTL 09/17 Cup hdl 22.79 -0.41 20.64 24.75 11M 24M 23.31
Exited.
ONNN 10/28 Test 50 5.23 +0.3 4.65 5.88 2.2M 1.7M 4.58
Current. Bounce off the 10 day MVA for a nice move on average volume.
PDYN 09/29 DB hdl 4.06 -0.12 2.55 3.24 199K 450K 4.22
Current. Continue to test the breakout. Gapped down at the open and went up to tap 4.30, but gave it all back on very low volume.
PLXS 11/03 DB hdl 17.62 -0.27 19.06 22.75 171K 528K 18.23
Current. Pull back to close just above the simple 50 day MVA on very low volume. Tapped 18.48 at the high, but gave it back.
PLXT 11/03 A Wedge 9.05 -0.45 8.81 10.96 159K 222K 9.02
Exited. Exit with a trailing stop. Gapped up at the open and then gave it all back to hold at the 18 day MVA.
QADI 11/12 Flat 13.01 -0.25 13.54 16.22 158K 298K 12.44
Current. More volatile with 13.70 at the high and 12.81 at the low (10 day MVA). Pull back on higher, but still below average volume. Still in good shape.
QLGC 11/11 Test 18 54.28 -1.72 57.22 65.85 3.9M 5.5M 55.35
Buy Not Issued. Gapped up at the open then thudded down to close below the 18 day MVA on slightly below average volume. The stock has not made the move we were looking for so will drop for now, but will keep our eye on it.
RWY 11/04 Cup hdl 6.69 -0.06 6.24 7.85 99K 146K 6.34
Current. . More volatile with 6.90 at the high and 6.60 at the low. Gapped up at the open, but gave it back on below average volume. Continue to move up the 10 day MVA.
SCSS 11/11 Test 50 24.87 -1.24 29.22 35 763K 1M 28.96
Buy Not Hit. Fell further below the 50 day MVA on strong volume. The stock has not made the move we were looking for so will drop, but will keep our eye on it.
SOHU 10/24 Dbl btm 30.95 -0.56 37.69 45 2.8M 9M 34.85
Current. Gapped up to open on the 10 day MVA, but gave it back on below average volume. Looking for relief bounce for possible exit.
SONS 11/13 A Wedge 8.94 +0.15 9.48 11.55 5.4M 6.8M 8.77
Buy Not Issued. Beginning to move up the 10 day MVA on average volume. Tapped 9.24 at the day's high, but gave it back.
TARO 10/08 Cup hdl 65.85 -0.34 61.51 73 319K 501K 64.88
Current. Pull back on slightly higher, but average volume. Still in good shape.
TLAB 11/10 DB hdl 7.95 -0.08 8.27 9.88 2.6M 6M 7.86
Current. Gapped up at the open, but gave it all back closing on the 10 day MVA on below average volume. Still in the pattern.
TRPH 11/01 A Wedge 4.96 -0.04 5.31 6.62 572K 1.8M 5.12
Current. Pull back holding the 18 day MVA on low volume. Needs to hold here and rebound.
TSCO 06/03 Rv H&S 40.23 -0.13 23.42 27.62 475K 603K 39.94
Current. Tapped 41.25 intraday, but could not hold the gain showing a tight doji at support on stronger, but still below average volume. May be ready for next break out.
TSCO 04/24 Cup hdl 40.23 -0.13 21.88 26 475K 603K 39.94
Current.
TVIA 11/04 Cup hdl 2.78 +0.04 2.62 3.34 391K 219K 2.38
Current. Continue to move up the 10 day MVA on above average volume.
ULGX 11/13 DB hdl 5.33 -0.31 5.94 7.45 32K 130K 5.32
Buy Not Hit. Gapped up at the open, but gave it all back and then some to close just above the 18 day MVA on below average volume. Needs to hold here or will drop.
VAR 10/28 Cup hdl 66.79 -0.08 64.5 74.25 636K 1.1M 65.42
Current. Tested the 10 day MVA and rallied on average volume. Making a lateral move above the 10 day MVA.
VLGC 11/10 Cup 1.86 +0.05 2.06 2.72 677K 1.3M 1.92
Buy Not Issued. Tested the 10 day MVA and rallied on below average volume. Still in the pattern.
XLA 11/17 Test BO 2.92 -0.06 3.14 4.12 801K 950K 2.87
Current. Tapped 3.20 intraday, but gave it all back on lower, but still above average volume. Testing the break out.
XLNX 11/12 DB hdl 34.87 -0.24 34.78 41 7.8M 11M 33.55
Current. Gapped up at the open and moved up to tap 36.04, but gave it all back on lower, but above average volume. Still moving up the 10 day MVA.
XLNX 11/01 DB hdl 34.87 -0.24 32.68 38.68 7.8M 11M 33.55
Current.
ZHNE 09/30 Test BO 5.78 -0.82 6.04 9.19 888K 7M 6.44
Exited. Tanked below the 50 day MVA on stronger volume.
ZMH 08/09 Test BO 63.8 -0.38 51.12 59.55 923K 3M 62.78
Current. Making a low volume lateral move on the 10 day MVA
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ARDI 11/10 Put 11.86 -0.09 12.12 10.06 645K 1M 12.98
Buy Not Issued. Tapped the 18 day MVA intraday, but rolled over on higher, but average volume. Needs a relief bounce before we will enter the play.
ASCA 11/01 Put 20.78 +0.27 20.27 18.85 275K 185K 21.25
Current. Gapped down at the open and went up to tap 21.25 (over the 10 day MVA), but rolled over on stronger above average volume.
PFGC 11/15 Put 38.7 +0.03 38.58 36.05 237K 450K 39.12
Buy Not Issued. More volatile with 39.16 (50 day MVA) at the high and rolled over showing a tight doji on below average volume. Needs to move down from this point.
SFNT 11/11 Put 32.5 -0.02 34.05 30.55 269K 461K 35.12
Moved fractionally down on below average volume. making lateral move just above resistance at 32.
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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