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us stock market, stock recommendation
Begin part 2 of 2
THE PLAYS
Good movers Tuesday: EGHT; EVCI; SCKT; ASKJ
NEW PLAYS:
Downside:
Play Date: 11/18/2003
MERQ (Mercury Interactive--$45.34; -1.22; optionable): Technical and system software
http://biz.yahoo.com/p/m/merq.html
STATUS: Put. MERQ is struggling with the 50 day MVA (47.35), tanking through that level in late October, rallying back over that level on lower, below average trade, and then collapsing back below to start the week. Tuesday it tapped the 50 day on the high and then rolled over on rising, almost average trade. Diving money flow, and we are looking for MERQ to follow the money flow lower and hit the October low for starters.
Volume: 3.253M Avg Volume: 3.374M
BUY POINT: $45.21 Volume=3.5M Target=$42.05 Stop=$46.05
POSITION: RQB MR - Jan. $47.50p (59 delta)
http://www.investmenthouse.com/ct/merq.html
Upside:
Play Date: 11/18/2003
ANLY (Analysts Intl.--$3.28; +0.08; no options): Business software
http://biz.yahoo.com/p/a/anly.html
STATUS: Testing the breakout. A nice test of the breakout, coming back to tap the 18 day MVA (3.05) intraday and then rallying to post a gain though on lower volume. ANLY broke out of a 13 week cup with handle base 6 sessions back, rallied to 3.50ish, and then makde the current pullback on very light volume. Accumulation in the base is a solid 4 to 2 (4 up weeks on rising volume to 2 down weeks on rising volume). Outstanding money flow and a relative strength breakout. Ready to resume the breakout move.
Volume: 83.091K Avg Volume: 64.863K
BUY POINT: $3.34 Volume=100K Target=$4.35 Stop=$3.15
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/anly.html
Play Date: 11/18/2003
SQNM (Sequenom--$3.78; +0.19; no options): Biotechnology
http://biz.yahoo.com/p/s/sqnm.html
STATUS: Cup w/handle. SQNM is making the breakout from a 9 week base sporting solid 3 to 1 accumulation. Strong money flow and excellent volume on the break higher Tuesday. SQNM has shown good volume spikes the past two weeks on up sessions, telegraphing a good move. Strong break higher, and we are looking to move in and take some positions on a further volume move.
Volume: 799.845K Avg Volume: 373.818K
BUY POINT: $3.88 Volume=561K Target=$4.95 Stop=$3.58
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/sqnm.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.
Upside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
^OEX 11/06 A Wedge 522.12 -3.33 523.15 545 276K 650K 518.55
Current.
ADVP 10/25 A Wedge 55.36 -0.04 49.59 59.38 1.8M 3.1M 52.02
Current.
AFOP 11/13 Test BO 2.08 -0.37 2.84 3.72 307K 400K 2.45
Buy Not Hit. Dropping.
AMX 11/03 Flat 25.85 +0.01 25.92 30.55 839K 1.9M 25.35
Current.
AMXC 11/05 Cup hdl 6 +0.01 6.27 8.12 80K 151K 6.04
Current.
ANT 11/10 A Wedge 35.44 +0.75 35.58 42.45 456K 561K 34.08
Current.
ASF 11/17 Test BO 13.99 -0.16 14.52 17.85 212K 400K 13.72
Buy Not Hit.
ASML 10/27 Rv H&S 17.11 -0.41 16.78 19.55 3.1M 6.1M 17.48
Exited.
BRCM 10/04 Cup hdl 34.13 -1.82 29.91 35.88 10M 20M 35.15
Current.
CAI 11/09 Test BO 49.19 -0.02 50.88 51 245K 581K 49.08
Buy Not Issued.
CASY 11/06 Rv H&S 16 -0.36 16.37 20.12 64K 200K 15.72
Current.
CKSW 10/25 Test BO 4.05 +0.15 3.61 4.58 588K 300K 3.57
Current.
CORI 10/27 Test BO 5.96 -0.24 6.25 7.85 850K 550K 6.08
Exited.
CPHD 11/05 A Wedge 6.5 -0.12 6.15 7.52 315K 338K 6.27
Current.
EGHT 10/30 Cup 3.9 +0.37 2.15 2.91 3.8M 823K 3.06
Current.
EGOV 10/07 Test BO 6.02 -0.03 5.07 6.35 390K 264K 6.44
Exited.
EMBT 10/06 Flat 15.3 -0.4 11.24 13.38 196K 350K 14.48
Current.
EMBT 07/26 Cup hdl 15.3 -0.4 9.33 11.12 196K 400K 14.48
Current.
EVCI 10/20 Cup hdl 5.5 +0.52 3.4 4.38 567K 125K 4.55
Current.
FALC 10/30 Cup hdl 8.05 +0.05 8.04 9.65 115K 230K 8.02
Current.
GBN 10/22 Cup 2.28 -0.01 1.86 2.42 498K 300K 2.02
Current.
GISX 10/25 Cup hdl 28.51 -0.18 27.88 33.32 166K 302K 28.32
Current.
IDTI 10/29 Rv H&S 17.73 -0.35 16.45 19.75 3.4M 3.3M 17.12
Current.
IVAN 11/17 Test BO 5.8 -0.55 6.47 8.12 35M 12M 5.82
Buy Not Issued.
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.
KLIC 11/17 Test BO 16.33 -0.57 17.22 21.12 2.2M 2.2M 15.98
Buy Not Hit.
KVHI 11/15 DB hdl 29.1 +0.06 32.02 38.45 76K 536K 30.35
Buy Not Hit.
LTXX 11/11 DB hdl 15.07 -0.48 16.68 19.85 872K 1.2M 15.51
Current.
MANU 10/11 Test BO 6.56 -0.18 6.77 8.15 739K 1.4M 6.44
Current.
MCHP 10/21 Rv H&S 31.94 -0.7 30.5 34.75 3.5M 4M 32.18
Exited.
MCLD 11/12 DB hdl 1.49 -0.07 1.78 2.32 911K 3M 1.57
Buy Not Hit.
MER 10/06 Flat 55.59 -0.51 58.6 67.25 4.1M 6.5M 58
Exited.
MKSI 11/12 DB hdl 26.01 -0.7 29.14 34.98 174K 616K 27.05
Buy Not Hit. Dropping.
NEOF 11/03 A Wedge 15.9 0 16.58 19.95 199K 151K 15.42
Buy Not Hit.
NMGC 11/11 Cup 3.22 -0.27 2.91 3.78 1.1M 303K 2.68
Current.
PLXS 11/03 DB hdl 17.62 -0.27 19.06 22.75 171K 528K 18.23
Current.
PTSX 11/15 A Wedge 4.93 +0.05 5.22 6.55 30K 144K 4.85
Buy Not Hit.
QADI 11/12 Flat 13.01 -0.25 13.54 16.22 158K 298K 12.44
Current.
QCOM 11/05 Test BO 45.43 -1.29 48.12 57.25 7.9M 14M 45.72
Buy Not Issued. Dropping.
RBK 09/24 DB hdl 38.75 -0.45 34.46 41.35 825K 1.1M 39.05
Breakign the 18 day MVA on rising volume. Time to cut it off.
SCKT 11/03 Cup hdl 3.99 +0.15 3.61 4.55 462K 526K 3.72
Current.
SOHU 10/24 Dbl btm 30.95 -0.56 37.69 45 2.8M 9M 34.85
Current.
SONS 11/13 A Wedge 8.94 +0.15 9.48 11.55 5.4M 6.8M 8.77
Buy Not Issued.
TARO 10/08 Cup hdl 65.85 -0.34 61.51 73 319K 501K 64.88
Current.
TEO 10/27 Cup hdl 8 +0.14 7.26 9 112K 511K 7.76
Current.
TLAB 11/10 DB hdl 7.95 -0.08 8.27 9.88 2.6M 6M 7.86
Current.
TRPH 11/01 A Wedge 4.96 -0.04 5.31 6.62 572K 1.8M 5.12
Current.
TZA 07/31 Cup hdl 8.47 -0.03 7.1 8.72 406K 579K 8.51
Current.
VSH 11/12 Flat 19.25 -0.3 20.33 24.38 905K 3.2M 19.22
Buy Not Issued.
ZILA 11/15 Cup hdl 3.98 -0.07 4.19 5.35 70K 185K 3.87
Buy Not Hit.
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.
ASCA 11/01 Put 20.78 +0.27 20.27 18.85 275K 185K 21.25
Current.
ASKJ 11/10 Put 16.92 -1.21 18.22 16 2M 2.5M 19.55
PFGC 11/15 Put 38.7 +0.03 38.58 36.05 237K 450K 39.12
Buy Not Issued.
SFNT 11/11 Put 32.5 -0.02 34.05 30.55 269K 461K 35.12
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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