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stock recommendation, stock option
Begin part 2 of 2
THE PLAYS
Good movers Thursday: BWC; CASY; CORV; CPHD; MTMD; ARDI
NEW PLAYS:
Upside:
Play Date: 12/04/2003
CTRA (Centra Software--$4.15; -0.09; no options): Business software
http://biz.yahoo.com/p/c/ctra.html
STATUS: Cup w/handle. CTRA blasted higher early in the week, forming the right side of its 13 week base. It then churned laterally the past two sessions, forming something of a handle. It looks, however, as if it will continue to move from here in a continued market rally. Great 6 to 3 accumulation in the pattern (6 up price weeks on rising volume to 3 down price weeks on rising volume). Strong money flow and a relative strength breakout; it has the attributes of a strong stock that can run much further from here.
Volume: 573.889K Avg Volume: 149.318K
BUY POINT: $4.33 Volume=225K Target=$5.44 Stop=$4.03
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/ctra.html
Play Date: 12/04/2003
CHPC (Chippac--$8.01; -0.04; optionable): Semiconductor memory chips
http://biz.yahoo.com/p/c/chpc.html
STATUS: Cup w/handle. Working on a nice handle to a 21 week base. The base held the 200 day MVA (5.92) on the lows, and in the current 5 week handle where the last sellers are shaken out it has used the 50 day MVA (7.31) as support. Holding these important support levels is another indication of good support by big money in addition to the excellent 7 to 3 accumulation in the pattern. Very nice base, and now we just be patient and let it make the high volume breakout move through the buy point.
Volume: 3.312M Avg Volume: 2.475M
BUY POINT: $8.58 Volume=3.7M Target=$10.35 Stop=$7.98
POSITION: AKQ DU - Apr. $7.50c (65 delta) &/or Stock
http://www.investmenthouse.com/ct/chpc.html
CONTINUING PLAYS:
Upside:
Play Date: 12/01/2003
NUAN (Nuance Communications--$8.67; +0.14; no options): Business software
http://biz.yahoo.com/p/n/nuan.html
STATUS: Cup w/handle breakout. Still testing the excellent breakout move Monday, holding the 10 day MVA (8.24) on the Thursday low before making a comeback to post a modest gain. Volume lagged, and it will need to improve to take new positions. A nice breakout from a 7 week base that was the second base off of the the six month base at the stock's bottom, the last being a 4 month flat base from June through September. Accumulation in the current base is a solid 3 to 0.
Volume: 248.207K Avg Volume: 296.136K
BUY POINT: $9.18 Volume=450K Target=$11.12 Stop=$8.48
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/nuan.html
Play Date: 12/01/2003
OBAS (Optibase--$7.8; -0.1; no options): Telecom
http://biz.yahoo.com/p/o/obas.html
STATUS: Testing the breakout. After exploding higher Monday on big volume, OBAS is making a nice, low volume test, holding the 10 day MVA (7.59) on the Thursday low and showing a tight doji at that level. A very nice base that formed over the 50 day MVA (6.75), this is a great test and we are looking for a rebound to add to or take new positions.
Volume: 128.361K Avg Volume: 141.045K
BUY POINT: $8.14 Volume=250K Target=$9.94 Stop=$7.49
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/obas.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 527.56 +3.14 526.85 545 0 650K 519.98
Buy Not Issued. Continue to move up the 10 day MVA on stronger volume. Looks ready to make the move.
^OEX 11/06 A Wedge 0 +3.14 523.15 545 0 650K 519.98
Current.
ADPT 12/03 Flat 8.9 -0.17 9.22 11.12 624K 1.1M 8.68
Buy Not Hit.
ADVP 10/25 A Wedge 56.98 -1.04 49.59 59.38 882K 3.1M 53.22
Current.
ALDN 12/02 Cup 9.05 +0.05 9.72 11.88 29K 145K 9.01
Buy Not Hit.
ALTI 12/01 Dbl btm 2.1 -0.22 2.05 2.74 4.7M 1.2M 1.83
Current.
AMKR 12/01 Flat 20.25 -0.2 21.34 25.38 2.1M 2.4M 19.68
Current.
AMXC 11/05 Cup hdl 6.99 -0.18 6.27 8.12 99K 151K 6.05
Current.
ANT 11/10 A Wedge 37.98 -0.72 35.58 42.45 155K 561K 35.97
Current.
AOT 11/24 Flat 23.17 -0.11 23.28 27.95 178K 405K 22.32
Buy Not Hit.
ASF 11/17 Test BO 15.45 +0.37 14.52 17.85 379K 400K 13.72
Buy Not Issued.
ASKJ 12/02 Test 50 19.11 +0.07 20.75 24.95 2.1M 3.7M 19.31
Buy Not Hit.
ATML 11/25 Flat 6.35 -0.11 6.78 8.48 12M 11M 6.29
Buy Not Issued.
BRCM 10/04 Cup hdl 35.22 -0.8 29.91 35.88 11M 20M 34.75
Current.
BWC 12/01 Rv H&S 20.6 +1.07 20.52 24.65 91K 155K 19.32
Buy Not Hit.
CAI 11/09 Test BO 50.15 -0.92 52.06 52.35 227K 581K 49.72
Current.
CASY 11/06 Rv H&S 17.36 +0.43 16.37 20.12 169K 200K 16.78
Current.
CKSW 10/25 Test BO 4.19 -0.11 3.61 4.58 299K 300K 4.02
Current.
CORV 12/04 Flat 1.66 +0.12 1.65 2.12 28M 8M 1.48
Current. Kept an eye on the 3 month flat base, and when it made
the volume break we issued the alert.
CPHD 11/05 A Wedge 8.2 +0.55 6.15 7.52 709K 338K 6.95
Current.
CRA 11/24 Cup hdl 14.2 -0.12 14.13 16.95 526K 809K 13.41
Current.
CYD 11/24 Test 50 31.06 +1.87 30.58 38 2.8M 3.5M 28.22
Current.
EGHT 10/30 Cup 5.62 -0.22 2.15 2.91 5.3M 823K 6.25
Current.
EMBT 10/06 Flat 14.34 -0.02 11.24 13.38 176K 350K 14.27
Current.
EMBT 07/26 Cup hdl 14.34 -0.02 9.33 11.12 176K 400K 14.27
Current.
EVCI 10/20 Cup hdl 5.95 +0.14 3.4 4.38 491K 125K 5.32
Current.
EVCI 10/20 Test BO 5.95 +0.14 6.12 7.82 491K 125K 5.42
Current.
FLDR 11/25 DB hdl 6.1 -0.09 6.19 7.85 448K 150K 5.68
Current.
GBN 10/22 Cup 2.45 +0.06 1.86 2.42 1.3M 300K 2.14
Current.
GGAL 11/22 Test 50 6.37 +0.14 6.25 8 99K 424K 5.81
Buy Not Issued.
GISX 10/25 Cup hdl 29.82 +0.44 27.88 33.32 147K 302K 28.32
Current.
HDTV 12/03 DB hdl 5.99 -0.12 6.22 7.88 705K 430K 5.78
Buy Not Issued.
IDTI 10/29 Rv H&S 18.39 -0.12 16.45 19.75 1.7M 3.3M 17.98
Current.
JNPR 11/22 A Wedge 18.14 +0.17 18.23 21.85 7.7M 12M 17.99
Current.
KEYN 11/17 Flat 12.55 +0.06 12.52 15 68K 200K 12.18
Current.
KVHI 11/15 DB hdl 30.6 -0.31 33 40 257K 536K 30.42
Current.
LTXX 11/11 DB hdl 15.82 -0.41 16.68 19.85 657K 1.2M 15.35
Current.
MANU 10/11 Test BO 6.56 -0.15 6.77 8.15 826K 1.4M 6.44
Current.
MAXM 12/01 Rv H&S 7.81 -0.13 8.09 9.88 43K 227K 7.35
Current.
MCLD 11/12 DB hdl 1.73 +0.09 1.78 2.32 2.2M 3M 1.57
Buy Not Hit.
MTMD 12/03 Cup 4.5 +0.08 4.52 5.88 159K 312K 4.15
Buy Not Issued.
MVSN 11/24 Cup hdl 22.72 -0.03 23.33 27.69 500K 891K 22.32
Current.
NANO 11/26 Pennant 15.92 -0.13 13.93 16.75 725K 450K 12.88
Current.
NKE 11/22 Cup hdl 65.26 -0.74 64.55 75 2.3M 2M 64.64
Current.
NOVL 11/22 Test BO 9.29 -0.27 8.88 10.68 5.9M 10M 8.82
Current.
NUAN 12/01 Cup hdl 8.67 +0.14 9.18 11.12 248K 450K 8.48
Buy Not Issued.
OBAS 12/01 A Wedge 7.8 -0.1 8.14 9.94 128K 250K 7.49
Current.
PTSX 11/15 A Wedge 4.86 -0.03 5.22 6.55 11K 144K 4.85
Buy Not Hit.
SCKT 11/03 Cup hdl 4.04 -0.09 3.61 4.55 509K 526K 3.81
Current.
SERO 11/22 Cup hdl 18.42 -0.08 17.72 21.25 1.3M 700K 16.32
Buy Not Issued.
SOHU 10/24 Dbl btm 33.23 +0.09 37.69 45 2.2M 9M 34.85
Current.
SQNM 11/18 Cup hdl 3.58 +0.06 3.88 4.95 42K 561K 3.58
Buy Not Hit.
TEO 10/27 Cup hdl 7.9 +0.07 7.26 9 81K 511K 7.76
Current.
TMWD 11/19 BO 8.16 -0.14 8.15 9.78 307K 900K 7.41
Current.
TRFX 12/01 Test BO 5.25 +0.07 5.32 6.54 98K 135K 4.88
Buy Not Issued.
TRFX 11/19 Test BO 5.25 +0.07 5.19 6.54 98K 135K 4.83
Current.
TRPH 12/01 Test 50 5.58 +0.08 5.58 6.94 677K 1.7M 4.99
Current.
TTEC 11/19 Test BO 10.72 +0.12 10.25 12.27 562K 660K 9.28
Current.
VSH 11/12 Flat 20.69 -0.02 20.78 24.88 1.1M 3.2M 19.78
Current.
WMS 11/21 Dbl btm 26.38 -0.16 25.83 31.22 294K 650K 25.25
Current.
XING 12/03 Flat 10.79 +0.21 10.75 13.75 3.2M 1M 9.94
Buy Not Issued.
ZILA 11/15 Cup hdl 4.08 +0.06 4.19 5.35 58K 185K 3.87
Buy Not Hit.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ARDI 11/10 Put 12.35 -0.45 11.95 10.06 602K 1M 12.62
Current.
SFNT 11/11 Put 32.4 -0.32 34.05 30.55 151K 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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stock recommendation
stock option
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