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stock recommendation, stock option
Begin part 2 of 2
THE PLAYS
NEW PLAYS:
Downside:
AV tanked like a stone!
Play Date: 12/09/2003
SLAB (Silicon Labs--$42.9; -1.85; optionable): Semiconductors
http://biz.yahoo.com/p/s/slab.html
STATUS: Put. SLAB is in a downtrend for the past 5 weeks after a strong June to October run ran out of gas and rolled over. It broke the 50 day MVA (48.34) in mid-November, tested, failed the test, and then slipped in to the downtrend. It rallied to test the 10 day MVA (45.88) on Monday and Tuesday, but then rolled over with the techs on Tuesday, continuing the now 'continuing' downtrend. When we see these we like to move in on the 10 day MVA tests. Looking to entery positions on a further fall form here as the downtrend is established, it just tested the resistanceadn tehre is plenty of room to the downside.
Volume: 1.053M Avg Volume: 1.248M
BUY POINT: $42.45 Volume=1.3M Target=$38.45 Stop=$43.45
POSITION: QFJ MI - Jan. $45p (-67 delta)
http://www.investmenthouse.com/ct/slab.html
Upside:
Play Date: 12/09/2003
MTX (Minerals Technologies--$55.65; +0.69; optionable): Chemicals
http://biz.yahoo.com/p/m/mtx.html
STATUS: Cup w/handle. Chemicals are performing well, and MTX is setting up for another stronger move as it has formed a short, 5 week base over the 50 day MVA (53.14). Strong money flow and relative strength ready to make the breakout. We are looking to take advantage of some of this move into the cyclical stocks, and we are looking for a shorter term goal here. Thus we are planning on using options.
Volume: 108.6K Avg Volume: 90.636K
BUY POINT: $55.82 Volume=150K Target=$59.94 Stop=$54.21
POSITION: MTX DK - Apr. $55c (58 delta)
http://www.investmenthouse.com/ct/mtx.html
Continuing plays:
Play Date: 12/03/2003
MTMD (Microteck Medical--$4.43; +0.09; no options): Medical appliances and equipment
http://biz.yahoo.com/p/m/mtmd.html
STATUS: Cup. Holding up very well, posting a modest gain on rising, above average volume Tuesday as the market sold overall. Still solid in its 13 week base, just straining at the bit to make and hold the breakout. Outstanding 6 to 0 accumulation, solid money flow, and a relative strength breakout. Just being patient and waiting for that strong volume move.
Volume: 243.77K Avg Volume: 211.272K
BUY POINT: $4.52 Volume=312K Target=$5.88 Stop=$4.15
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/mtmd.html
CONTINUING:
* * SPREADSHEET DOWNLOAD * * *
Tonight we add a new feature, a spreadsheet download of the continuing play table. It will allow you to sort and otherwise the data for your own investment use. This is a service to our subscribers only, and no other use of the information is authorized. Simply click on the link, enter your username and password, and download the spreadsheet! You may have to hold down the control key as you click on the link.
http://www.technicaltraders.com/ttr/table.php
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 0 -3.52 526.85 545 0 650K 519.98
Buy Not Issued.
^OEX 11/06 A Wedge 0 -3.52 523.15 545 0 650K 521.88
Current.
ADPT 12/03 Flat 8.58 -0.49 9.22 11.12 716K 1.1M 8.68
Buy Not Issued.
ADVP 10/25 A Wedge 55.83 -1.39 49.59 59.38 1.1M 3.1M 54.86
Current.
ALTI 12/01 Dbl btm 2.16 -0.22 2.05 2.74 1.8M 1.2M 1.89
Current.
AMKR 12/01 Flat 17.8 -1.46 21.34 25.38 1.9M 2.4M 19.19
Exited.
AMXC 11/05 Cup hdl 6.3 -0.4 6.27 8.12 174K 151K 6.54
Exited.
ANT 11/10 A Wedge 35.86 -0.93 35.58 42.45 328K 561K 36.78
Exited.
AOT 11/24 Flat 22.85 -0.15 23.28 27.95 239K 405K 22.32
Buy Not Hit.
BRCM 10/04 Cup hdl 32.78 -1.82 29.91 35.88 9.3M 20M 34.75
Exited.
BWC 12/01 Rv H&S 19.22 -1.02 20.52 24.65 62K 155K 19.32
Buy Not Hit.
CAI 11/09 Test BO 47.4 -1.31 52.06 52.35 416K 581K 49.72
Exited.
CASY 11/06 Rv H&S 16.06 -0.8 16.37 20.12 240K 200K 16.78
Exited.
CHPC 12/04 Cup hdl 7.76 -0.29 8.58 10.35 2.1M 3.7M 7.98
Buy Not Issued.
CKSW 10/25 Test BO 3.98 -0.32 3.61 4.58 322K 300K 4.02
Current.
CORV 12/04 Flat 1.61 +0.05 1.65 2.12 17M 8M 1.48
Current.
CPHD 11/05 A Wedge 8.06 -0.28 6.15 7.52 420K 338K 7.54
Current.
CRA 11/24 Cup hdl 13.7 -0.56 14.13 16.95 506K 809K 13.72
Exited.
CYD 11/24 Test 50 30.42 +0.57 30.58 38 2.9M 3.5M 29.32
Current.
CYPB 12/08 A Wedge 14.91 +0.5 14.58 17.55 437K 425K 13.42
Buy Not Issued.
EMBT 10/06 Flat 14.42 +0.67 11.24 13.38 575K 350K 13.02
Current.
EMBT 07/26 Cup hdl 14.42 +0.67 9.33 11.12 575K 400K 13.02
Current.
EVCI 10/20 Test BO 5.3 +0.05 6.12 7.82 57K 125K 5.31
Current.
EVCI 10/20 Cup hdl 5.3 +0.05 3.4 4.38 57K 125K 5.32
Current.
FLDR 11/25 DB hdl 5.99 -0.11 6.19 7.85 104K 150K 5.78
Current.
GBN 10/22 Cup 2.83 -0.17 1.86 2.42 1.8M 300K 2.45
Current.
GISX 10/25 Cup hdl 29.4 -0.49 27.88 33.32 86K 302K 28.02
Current.
HDTV 12/03 DB hdl 6.04 +0.06 6.22 7.88 246K 430K 5.78
Buy Not Issued.
IBIS 12/06 Test BO 15.5 -0.51 16.42 19.75 97K 297K 15.27
Buy Not Issued.
IMOS 12/06 A Wedge 7.75 -0.49 8.38 10.28 750K 552K 7.52
Buy Not Issued.
IPXL 12/08 Cup 14.39 -0.29 15.12 18.15 609K 650K 14.06
Buy Not Hit.
ITXC 12/06 Flat 4 -0.31 4.52 5.88 600K 706K 4.21
Buy Not Hit.
JNPR 11/22 A Wedge 17.5 -0.68 18.23 21.85 7.5M 12M 17.99
Current.
KEYN 11/17 Flat 11.89 -0.65 12.52 15 68K 200K 12.12
Exited.
KVHI 11/15 DB hdl 28.3 -1.26 33 40 277K 536K 30.42
Exited.
LTXX 11/11 DB hdl 14.74 -0.43 16.68 19.85 473K 1.2M 15.12
Current.
MANU 10/11 Test BO 6.03 -0.48 6.77 8.15 725K 1.4M 6.44
Exited.
MAXM 12/01 Rv H&S 8.07 +0.02 8.09 9.88 103K 227K 7.62
Current.
MCLD 11/12 DB hdl 1.61 -0.01 1.78 2.32 1.1M 3M 1.57
Buy Not Issued.
MHR 12/08 BO 9.11 -0.12 9.35 11.25 279K 365K 8.87
Buy Not Hit.
MOLX 12/08 Test 50 31.8 -0.36 32.88 37.84 691K 850K 31.74
Buy Not Hit.
MTMD 12/03 Cup 4.43 +0.09 4.52 5.88 244K 312K 4.15
Buy Not Issued.
MVSN 11/24 Cup hdl 21.78 -0.64 23.33 27.69 315K 891K 22.32
Current.
NANO 12/08 Test BO 15.3 -1.89 16.68 21.88 1.2M 450K 15.18
Current.
NANO 11/26 Pennant 15.3 -1.89 13.93 16.75 1.2M 450K 14.65
Current.
NKE 11/22 Cup hdl 64.89 -0.69 64.55 75 1.2M 2M 64.78
Exited.
NOVL 11/22 Test BO 9.33 +0.04 8.88 10.68 4.6M 10M 8.82
Current.
NPSP 12/06 Cup hdl 31.15 0 31.88 38.25 460K 1.3M 30.22
Buy Not Issued.
NUAN 12/01 Cup hdl 7.37 -0.57 8.88 11.12 352K 450K 8.22
Buy Not Issued.
OBAS 12/01 A Wedge 7.4 -0.56 8.14 9.94 129K 250K 7.49
Current.
ORBK 12/06 A Wedge 22.54 -0.44 24.58 29.65 116K 198K 23.28
Buy Not Hit.
SERO 11/22 Cup hdl 18.07 -0.16 18.12 21.25 354K 700K 16.85
Buy Not Issued.
TEO 10/27 Cup hdl 7.75 -0.24 7.26 9 168K 511K 7.76
Current.
TRFX 12/01 Test BO 5.05 -0.17 5.32 6.54 98K 135K 5.03
Buy Not Issued.
TRFX 11/19 Test BO 5.05 -0.17 5.19 6.54 98K 135K 5.03
Current.
TRPH 12/01 Test 50 6.3 -0.37 5.58 6.94 1.2M 1.7M 5.32
Current.
TTEC 11/19 Test BO 10.29 -0.7 10.25 12.27 472K 660K 10.22
Current.
VSH 11/12 Flat 19.8 -0.35 20.78 24.88 1.2M 3.2M 19.33
Current.
WMS 11/21 Dbl btm 25.31 -0.56 25.83 31.22 175K 650K 25.68
Current.
XING 12/03 Flat 9.4 -0.79 11.02 14.12 1.2M 1M 10.25
Buy Not Issued.
ZILA 11/15 Cup hdl 4.52 -0.1 4.38 5.58 114K 185K 4.07
Current.
ZOOM 12/08 Test 18 3.92 -0.32 4.1 5.15 246K 150K 3.68
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ARDI 11/10 Put 11.3 -0.83 11.95 10.06 229K 1M 12.62
Current.
AV 12/08 Put 10.65 -1.39 11.75 10 12M 6.8M 12.01
Current.
SFNT 11/11 Put 30.95 -0.61 34.05 30.55 249K 461K 32.98
Right at the target.
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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