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us stock market, stock recommendation
Begin part 2 of 2
THE PLAYS
Good movers Tuesday: ADVP; ALTI; AMXC; CAI; CRA; EMBT; EVCI; GGAL; KEYN; MAXM; SERO
NEW PLAYS:
Upside:
Play Date: 12/02/2003
ALDN (Aladdin Knowledge System--$9.3; -0.3; no options): Security software
http://biz.yahoo.com/p/a/aldn.html
STATUS: Flat base. ALDN is moving up toward a breakout from its 6 week flat baseformed over the 50 day MVA (8.27). This base formed after a nice 4 month run from July. Volume dried up during the base in November, falling well below average. The past week volume has kicked back up to above average levels as the stock moved off the bottom of the base. Accumulation is outstanding at 4 to 0 (4 up price weeks on rising volume to 0 down price weeks on rising volume); that shows there was not much selling as it moved laterally as there were more buyers than profit takers. This sets up the foundation for the next move higher. Tuesday it tapped the 18 day MVA on the low (8.90) and rebounded to recoup most of the losses. Looks like a shakeout, and we will be looking for a break higher on a good surge in volume.
Volume: 94.892K Avg Volume: 96.681K
BUY POINT: $9.72 Volume=145K Target=$11.88 Stop=$9.01
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/aldn.html
Play Date: 12/02/2003
ASKJ (Ask Jeeves--$20.05; +0.96; optionable): Internet information
http://biz.yahoo.com/p/a/askj.html
STATUS: Double bottom. ASKJ is coming off the bottom of a 10 week base, retaking the 50 day MVA (19.03) this week and surging Wednesday on strong volume as it received an upgrade. This stock can run well when it starts, and we are looking to play some of the upside momentum if the volume continues. It has made us money in the past and we will try to use the Christmas rally to let it make us some more money on this move.
Volume: 5.01M Avg Volume: 2.466M
BUY POINT: $20.75 Volume=3.7M Target=$24.95 Stop=$19.31
POSITION: AUK CD - Mar. $20c (57 delta) &/or Stock
http://www.investmenthouse.com/ct/askj.html
CONTINUING PLAYS:
Upside:
Play Date: 10/06/2003
EMBT (Embarcadero Technologies--$14.50; +0.14; optionable): Business software
http://biz.yahoo.com/p/e/embt.html
STATUS: Test 18 day MVA. EMBT is surging off of the 18 day MVA (14.46) as it continues the breakout move that started in early September. After a nice, low volume pullack to test the 18 day it surged higher Tuesday on rising, above average volume. A good place to add to positions.
Volume: 418.575K Avg Volume: 304.772K
BUY POINT: New: $15.32 (orig. $11.24) Volume=350K Target=$18 Stop=$14.27
POSITION: MBQ BB - Feb. $15c (54 delta) &/or Stock
http://www.investmenthouse.com/ct/embt.html
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 12/01 A Wedge 524.71 -1.89 526.85 545 0 650K 518.92
Buy Not Issued.
^OEX 11/06 A Wedge 524.71 -1.89 523.15 545 0 650K 518.92
Current.
ADVP 10/25 A Wedge 57.89 +1.49 49.59 59.38 1.3M 3.1M 53.22
Current.
ALTI 12/01 Dbl btm 2.37 +0.29 2.05 2.74 21M 1.2M 1.83
Target Hit. Nice blast higher for second session and we took half
the 33% gain near the session high, letting the rest
ride a bit more.
AMKR 12/01 Flat 21.4 +0.4 21.34 25.38 2.6M 2.4M 19.68
Current.
AMXC 11/05 Cup hdl 7.7 +0.11 6.27 8.12 130K 151K 6.05
Current.
ANT 11/10 A Wedge 38.6 +0.8 35.58 42.45 193K 561K 35.97
Current.
AOT 11/24 Flat 23.43 -0.03 23.28 27.95 163K 405K 22.32
Buy Not Hit.
ASF 11/17 Test BO 15.36 +0.07 14.52 17.85 246K 400K 13.72
Buy Not Issued.
ATML 11/25 Flat 6.7 -0.15 6.78 8.48 7.9M 11M 6.29
Buy Not Issued.
BRCM 10/04 Cup hdl 36.51 -0.63 29.91 35.88 5.9M 20M 34.75
Current.
BWC 12/01 Rv H&S 20.15 -0.22 20.52 24.65 76K 155K 19.32
Buy Not Hit.
CAI 11/09 Test BO 52.03 +1.51 52.06 52.35 334K 581K 49.72
Current.
CASY 11/06 Rv H&S 17.34 -0.29 16.37 20.12 167K 200K 16.78
Current.
CKSW 10/25 Test BO 4.39 -0.09 3.61 4.58 400K 300K 4.02
Current.
CPHD 11/05 A Wedge 7.93 -0.17 6.15 7.52 555K 338K 6.95
Current.
CRA 11/24 Cup hdl 14.92 +0.29 14.13 16.95 1.2M 809K 13.41
Current.
CYD 11/24 Test 50 31.67 -0.58 30.58 38 3.4M 3.5M 28.22
Current.
EGHT 10/30 Cup 5.78 -0.19 2.15 2.91 9.8M 823K 6.25
Current.
EMBT 10/06 Flat 15.23 +0.73 11.24 13.38 418K 350K 14.27
Current.
EMBT 07/26 Cup hdl 15.23 +0.73 9.33 11.12 418K 400K 14.27
Current.
EVCI 10/20 Cup hdl 6.09 +0.54 3.4 4.38 383K 125K 5.32
Current.
EVCI 10/20 Test BO 6.09 +0.54 6.12 7.82 383K 125K 5.42
Current.
FALC 12/01 Test 18 7.97 -0.23 8.38 9.65 332K 230K 7.85
Buy Not Hit.
FALC 10/30 Cup hdl 7.97 -0.23 8.04 9.65 332K 230K 7.81
Current.
FLDR 11/25 DB hdl 5.74 +0.07 6.05 7.85 246K 150K 5.57
Buy Not Hit.
GBN 10/22 Cup 2.35 +0.04 1.86 2.42 1.1M 300K 2.14
Current.
GGAL 11/22 Test 50 6.5 +0.34 6.25 8 329K 424K 5.81
Buy Not Issued.
GISX 10/25 Cup hdl 29.78 +0.05 27.88 33.32 228K 302K 28.32
Current.
IDTI 10/29 Rv H&S 19.13 -0.14 16.45 19.75 1.5M 3.3M 17.98
Current.
JNPR 11/22 A Wedge 18.38 -0.57 18.23 21.85 5.5M 12M 17.99
Current.
KEYN 11/17 Flat 12.84 +0.37 12.52 15 64K 200K 12.18
Current.
KVHI 11/15 DB hdl 32.41 -0.57 33 40 208K 536K 30.42
Current.
LTXX 11/11 DB hdl 16.37 -0.03 16.68 19.85 501K 1.2M 15.35
Current.
MANU 10/11 Test BO 6.89 -0.05 6.77 8.15 971K 1.4M 6.44
Current.
MAXM 12/01 Rv H&S 8.11 +0.55 8.09 9.88 342K 227K 7.35
Current.
MCLD 11/12 DB hdl 1.65 +0.04 1.78 2.32 1M 3M 1.57
Buy Not Hit.
MRVC 11/28 A Wedge 3.95 -0.1 4.05 5.12 763K 2M 3.77
Current.
MVSN 11/24 Cup hdl 22.71 -0.15 23.33 27.69 326K 891K 22.32
Current.
NANO 11/26 Pennant 15.33 -0.27 13.93 16.75 1.2M 450K 12.88
Current.
NEOF 11/03 A Wedge 15.05 -0.52 16.58 19.95 111K 151K 15.42
Buy Not Hit.
NKE 11/22 Cup hdl 67.2 -0.65 64.55 75 998K 2M 64.64
Current.
NOVL 11/22 Test BO 9.28 -0.28 8.88 10.68 4.6M 10M 8.82
Current.
NUAN 12/01 Cup hdl 8.69 -0.37 9.18 11.12 791K 450K 8.48
Buy Not Issued.
NVLS 11/19 Test BO 43.44 -0.15 44.44 52 4.5M 10M 42.28
Current.
OBAS 12/01 A Wedge 8.25 -0.58 8.14 9.94 296K 250K 7.49
Current.
PLXS 11/03 DB hdl 17.75 -0.49 19.06 22.75 195K 528K 17.38
Current.
PTSX 11/15 A Wedge 4.72 -0.08 5.22 6.55 48K 144K 4.85
Buy Not Hit.
SCKT 11/03 Cup hdl 4.31 -0.19 3.61 4.55 242K 526K 3.81
Current.
SERO 11/22 Cup hdl 18.32 +0.65 17.72 21.25 413K 700K 16.32
Buy Not Issued.
SNDK 11/24 Test 50 78.21 -0.85 81.2 93.35 3.9M 3.5M 77.88
Current.
SOHU 10/24 Dbl btm 34.85 +0.01 37.69 45 1.5M 9M 34.85
Current.
SQNM 11/18 Cup hdl 3.55 -0.03 3.88 4.95 152K 561K 3.58
Buy Not Hit.
TEO 10/27 Cup hdl 7.9 +0.02 7.26 9 217K 511K 7.76
Current.
TMWD 11/19 BO 8.44 +0.07 8.15 8.78 444K 900K 7.41
Current.
TQNT 11/19 Test 18 7.93 -0.21 8.04 9.75 2M 3M 7.68
Buy Not Issued.
TRFX 12/01 Test BO 5.07 -0.08 5.32 6.54 138K 135K 4.88
Buy Not Hit.
TRFX 11/19 Test BO 5.07 -0.08 5.19 6.54 138K 135K 4.83
Current.
TRPH 12/01 Test 50 5.72 +0.04 5.58 6.94 1.6M 1.7M 4.99
Current.
TTEC 11/19 Test BO 10.5 -0.02 10.25 12.27 435K 660K 9.28
Current.
VSH 11/12 Flat 21.09 -0.12 20.78 24.88 695K 3.2M 19.78
Current.
WMS 11/21 Dbl btm 27.01 -0.58 25.83 31.22 367K 650K 25.25
Current.
ZILA 11/15 Cup hdl 4 -0.09 4.19 5.35 54K 185K 3.87
Buy Not Hit.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ARDI 11/10 Put 12.98 -0.04 11.95 10.06 238K 1M 12.62
Current.
SFNT 11/11 Put 33.5 -0.19 34.05 30.55 128K 461K 33.22
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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us stock market
stock recommendation
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