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stock recommendation, stock market recommendation
Begin part 2 of 2
Good movers Wednesday: CASY; NOOF; TLAB; TMWD
Continuing plays ready to move: CY; KEYN; PDYN; QADI; ULGX; VLGC
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 516.22 +4.65 523.15 545 259K 650K 518.55
Current. Nice move up to recover yesterday's loss and more.
AMSWA 10/23 Test BO 6.6 +0.14 6.12 7.45 190K 150K 6.55
Exited. Issued trailing stop. Stock plunged intraday and then rallied on higher volume.
ANLY 11/18 Test BO 3 -0.28 3.34 4.35 260K 100K 3.15
Buy Not Hit. Stock tanked below the 18 day MVA on stronger volume surge. The stock has not made the move we were looking for so will drop, but will keep our eye on it.
ANT 11/10 A Wedge 35.96 +0.61 35.58 42.45 289K 561K 34.08
Current. Gapped up at the open and continued to move up the 10 day MVA on below average volume.
BEV 11/12 Cup 7.51 +0.16 7.25 8.94 958K 1.7M 6.72
Current. Stock continues to climb the 10 day MVA on below average volume. Resistance is at 7.55.
BRKS 10/29 Cup 24.47 -0.81 27 32.38 1.2M 1.4M 25.55
Current. Thudded down to close just above the simple 50 day MVA on stronger above average volume. Looking for a bounce off the 50 day MVA.
CASY 11/06 Rv H&S 16.6 +0.61 16.37 20.12 150K 200K 15.72
Current. Gapped down at the open and rallied breaking a new high on stronger above average volume.
CATS 10/27 Test BO 7.4 +0.25 7.58 9.12 43K 145K 7.05
Buy Not Issued. Tested the 18 day MVA and rallied on below average volume. Still in the pattern.
CKSW 10/25 Test BO 4.29 +0.24 3.61 4.58 415K 300K 3.57
Current. Gapped up at the open and continued to move up the 10 day MVA on average volume. Filled in the gap intraday.
CY 11/17 Test 18 21.89 +0.34 22.02 26.45 2M 4.6M 21.45
Buy Not Issued. Continue lateral move between the 10 and 18 day MVA on much lower volume.
CYMI 11/06 DB hdl 45.08 +0.1 49.39 59.22 937K 2M 46.25
Current. Tested the 50 day MVA and rallied showing a tight doji on below average volume. Needs to hold here and rebound.
DCGN 09/20 Test BO 8.11 -0.5 4.32 5.38 1.2M 315K 7.29
Current. Thudded down to test the 18 day MVA and rallied on above average volume. May test down further.
DJO 09/11 Cup 23.42 -0.96 14 16.45 122K 100K 21.63
Current. Pull back on much lower, but still strong volume. Still in good shape.
ECIL 10/02 Test BO 5.96 -0.04 4.3 5.22 246K 300K 5.65
Current. Continue lateral move above the 10 day MVA on low volume.
EGHT 10/30 Cup 3.7 -0.2 2.15 2.91 1.5M 823K 3.06
Current. Gapped up at the open, but gave it back going down to tap 3.50 at the day's low on much lower, but still above average volume. Still in an uptrend.
EMBT 10/06 Flat 14.85 -0.45 11.24 13.38 213K 350K 14.48
Current. Gapped down to hold the 10 day MVA on below average volume. Still in good shape.
EMBT 07/26 Cup hdl 14.85 -0.45 9.33 11.12 213K 400K 14.48
Current.
EPIC 11/15 Flat 11.11 -0.09 11.68 14.06 429K 522K 10.81
Buy Not Hit. Gapped down at the open and rallied on much lower, but still above average volume.
EVCI 10/20 Cup hdl 5.51 +0.01 3.4 4.38 233K 125K 4.55
Current. Tapped 5.25 at the day's low and rallied showing a tight doji on much lower volume. Stock continues to climb the 10 day MVA.
GBN 10/22 Cup 2.25 -0.04 1.86 2.42 358K 300K 2.02
Current. Gapped up at the open, but gave it back and more going down to test the 10 day MVA on average volume. Still in uptrend and moving up the 10 day MVA.
KEYN 11/17 Flat 12 +0.1 12.52 15 83K 200K 11.65
Current. Bounced off the 18 day MVA and rallied on below average volume. Still in good shape.
MDS 11/09 Cup 14.11 +0.06 14.28 17.21 92K 120K 13.63
Current. Tested below the 10 day MVA and rallied on average volume. Continue to move up the 10 day MVA.
NMGC 11/11 Cup 3.13 -0.08 2.91 3.78 466K 303K 2.68
Current. Pull back and went down to tap 3.04 intraday and rallied on much lower but above average volume.
NOOF 11/01 Cup hdl 8.3 +0.3 5.27 6.32 1.7M 319K 6.24
Current. Tested the 10 day MVA and rallied as stock moves up the 10 day MVA on strong volume.
NOOF 10/25 Cup hdl 8.3 +0.3 4.78 6.21 1.7M 280K 6.24
Current.
NSIT 11/15 A Wedge 17.36 +0.4 19.06 22.88 326K 819K 17.94
Buy Not Hit. Tapped the 10 day MVA at the day's high, but could not hold the entire gain on below average volume. Needs to hold here and rebound or will drop.
NUVO 11/18 Test 18 3.58 -0.06 3.81 4.88 506K 1M 3.53
Buy Not Hit. Very volatile session with 3.80 at the high and 3.48 at the low (18 day MVA). Pull back closing on the 10 day MVA on higher, but still below average volume. May test down further.
ONNN 10/28 Test 50 4.97 -0.26 4.65 5.88 4.8M 1.7M 4.58
Current. Gapped up at the open, but gave it all back and then some on stronger above average volume. May test the 10 day MVA.
PDYN 09/29 DB hdl 4.06 0 2.55 3.24 404K 450K 4.22
Current. Gapped down and rallied tapping 4.24 at the day's high, but gave it back closing flat on stronger above average volume. Tested the break out.
PLXS 11/03 DB hdl 17.95 +0.33 19.06 22.75 231K 528K 18.23
Current. Tested the simple 50 day MVA and rallied on strong, but low volume.
QADI 11/12 Flat 13.19 +0.18 13.54 16.22 123K 298K 12.44
Current. Tested the 10 day MVA and rallied as stock continues to make a lateral move above the 10 day MVA.
RWY 11/04 Cup hdl 6.85 +0.18 6.24 7.85 78K 146K 6.34
Current. Tested the 10 day MVA and
SCON 11/18 Test BO 5.89 -0.06 6.22 7.78 1.6M 3M 5.74
Buy Not Hit. Gapped up at the open, but gave it back and more on below average volume. Still in good shape.
SOHU 10/24 Dbl btm 30.23 -0.72 37.69 45 5.1M 9M 34.85
Current. continue to move down on stronger volume. Looking for a relief bounce at support at 30 for a possible exit.
SONS 11/13 A Wedge 8.4 -0.55 9.48 11.55 7.7M 6.8M 8.77
Buy Not Issued. Thudded down to close just above the 50 day MVA on stronger above average volume. The stock has not made the move we were looking for so will drop, but will keep our eye on it.
TARO 10/08 Cup hdl 65.85 0 61.51 73 153K 501K 64.88
Current. Tested the 18 day MVA and rallied closing on the 10 day MVA as stock continues to make a lateral move on the 10 day MVA on low volume.
TLAB 11/10 DB hdl 8.23 +0.28 8.27 9.88 3.8M 6M 7.86
Current. Tested below the 18 day MVA and rallied for a nice move on slightly below average volume. Begin the move back up the 10 day MVA.
TMWD 11/19 BO 8.14 +1.06 8.15 8.78 1.5M 900K 7.41
Current. Saw the volume breakout from a 7 week lateral move
over the 50 day and issued an alert to move in.
TRPH 11/01 A Wedge 4.75 -0.2 5.31 6.62 1.1M 1.8M 5.12
Exited. Gapped up at the open, but then tanked below the 18 day MVA on stronger, but still below average volume.
TSCO 06/03 Rv H&S 40.37 +0.14 23.42 27.62 272K 603K 39.94
Current. Fractional move up closing under the 18 day MVA on much lower volume. Holding above support at 40.
TSCO 04/24 Cup hdl 40.37 +0.14 21.88 26 272K 603K 39.94
Current.
TVIA 11/04 Cup hdl 2.83 +0.04 2.62 3.34 155K 219K 2.38
Current. Continue to move up the 10 day MVA showing a doji on average volume.
ULGX 11/13 DB hdl 5.48 +0.15 5.94 7.45 12K 130K 5.32
Buy Not Hit. Tested the 18 day MVA and rallied on very low volume. Still in good shape.
VAR 10/28 Cup hdl 66.6 -0.12 64.5 74.25 525K 1.1M 65.42
Current. Tested below the 18 day MVA and rallied as stock continues to make a lateral move above the 10 day MVA on below average volume.
VLGC 11/10 Cup 1.86 0 2.06 2.72 474K 1.3M 1.92
Buy Not Issued. Tested below the 10 day MVA and rallied showing a doji on very low volume. Still in the pattern.
XLA 11/17 Test BO 3.06 +0.13 3.14 4.12 1.1M 950K 2.87
Current. Tapped 3.32 at the day's high, but gave some of it back on stronger above average volume. May be ready to start move back up.
XLNX 11/12 DB hdl 35.85 +0.98 34.78 41 8.5M 11M 33.55
Current. Continue to move up the 10 day MVA on stronger above average volume.
XLNX 11/01 DB hdl 35.85 +0.98 32.68 38.68 8.5M 11M 33.55
Current.
ZMH 08/09 Test BO 63.61 -0.15 51.12 59.55 824K 3M 62.78
Current. Tested the 18 day MVA and rallied showing a tight doji just below the 10 day MVA on below average volume.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ARDI 11/10 Put 12.29 +0.43 12.12 10.06 681K 1M 12.98
Buy Not Issued. Rallied high on average volume. Tapped 10 day MVA at the day's high, but rolled over.
ASCA 11/01 Put 21.02 +0.24 20.27 18.85 208K 185K 21.25
Current. Continue to move up on above average volume, but cannot break through resistance at the 10 day MVA.
MERQ 11/18 Put 44.46 -0.88 45.21 42.05 7.1M 3.5M 46.05
Nice move down on stronger above average volume. Needs to continue the move breaking through support at 44.
PFGC 11/15 Put 38.85 +0.15 38.58 36.05 243K 450K 39.12
Buy Not Issued. Relief bounce closing on the 18 day MVA on below average volume.
SFNT 11/11 Put 32.54 +0.04 34.05 30.55 230K 461K 35.12 Making a lateral move under the 10 day MVA on below average volume. Tapped the 10 day MVA intraday, but rolled over.
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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stock recommendation
stock market recommendation
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