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stock recommendation, stock market report
Begin part 2 of 2
THE PLAYS
Good movers Thursday: ADVP; AOT; BWC; CHPC; CPHD; EMBT; GISX; MAXM; MOLX; VSH
NEW PLAYS:
Upside:
Play Date: 12/11/2003
AVX (AVX Corp.--$15.91; +0.86; optionable): Passive electronic components (capacitors, etc.)
http://biz.yahoo.com/p/a/avx.html
STATUS: Flat base. AVC is starting a breakout move from its 14 week base that has formed over the 50 day MVA (14.77), a good place to form a base as it shows big money moving in to accumulation positions. Indeed, accumulation is an excellent 4 to 0 (4 up weeks on rising volume to 0 down weeks on rising volume). Strong money flow and relative strength ready to breakout as the stock does as well. Excellent pattern and looking for the breakout move to continue.
Volume: 289K Avg Volume: 321.909K
BUY POINT: $16.15 Volume=450K Target=$19.44 Stop=$15.02
POSITION: AVX EC - May $15c (68 delta) &/or Stock
http://www.investmenthouse.com/ct/avx.html
Play Date: 12/11/2003
HOMS (Homestore--$3.98; +0.41; no options): Internet information provider
http://biz.yahoo.com/p/h/homs.html
STATUS: Ascending triangle. HOMS is making the breakout move from its 19 week base sporting excellent 6 to 2 accumulation. Money flow is strong as well, and relative strength was breaking out Thursday as HOMS moved up to the breakout on a surge in very strong volume. Looks ready to make the break and run. We will move in as it continues the move and clears the November intraday high.
Volume: 2.381M Avg Volume: 989.09K
BUY POINT: $4.12 Volume=1.5M Target=$5.15 Stop=$3.74
POSITION: - Stock
http://www.investmenthouse.com/ct/homs.html
CONTINUING:
Ready to move: OMCL; SKIL; FLDR; SLVN; LOW. See 12-10-03 report for details.
* * 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 530.16 +4.83 526.85 545 0 650K 519.98
Buy Not Issued.
^OEX 11/06 A Wedge 530.16 +4.83 523.15 545 0 650K 521.88
Current.
ADVP 10/25 A Wedge 57.8 +1.44 49.59 59.38 744K 3.1M 54.86
Current.
ALTI 12/01 Dbl btm 1.97 -0.01 2.05 2.74 1.5M 1.2M 1.89
Current.
ALTR 12/10 Test 50 22.89 0 23.04 26.55 11M 10M 22.06
Buy Not Issued.
AOT 11/24 Flat 23.3 +0.36 23.37 27.95 285K 405K 22.88
Current.
BWC 12/01 Rv H&S 20.4 +1.4 20.52 24.65 60K 155K 19.32
Buy Not Hit.
CHPC 12/04 Cup hdl 7.87 +0.75 8.58 10.35 3.6M 3.7M 7.98
Buy Not Issued.
CKSW 10/25 Test BO 3.92 +0.12 3.61 4.58 153K 300K 4.02
Exited.
CORV 12/04 Flat 1.61 +0.04 1.65 2.12 6.4M 8M 1.48
Current.
CPHD 11/05 A Wedge 8 +0.51 6.15 7.52 378K 338K 7.54
Current.
CYPB 12/08 A Wedge 14.47 +0.49 14.58 17.55 291K 425K 13.42
Buy Not Issued.
EMBT 10/06 Flat 15.32 +0.74 11.24 13.38 470K 350K 13.02
Current.
EMBT 07/26 Cup hdl 15.32 +0.74 9.33 11.12 470K 400K 13.02
Current.
EVCI 10/20 Cup hdl 4.45 -0.4 3.4 4.38 178K 125K 5.32
Exited.
EVCI 10/20 Test BO 4.45 -0.4 6.12 7.82 178K 125K 5.31
Exited.
FLDR 11/25 DB hdl 6.05 +0.07 6.19 7.85 74K 150K 5.78
Current.
GBN 10/22 Cup 2.55 +0.02 1.86 2.42 1.3M 300K 2.45
Current.
GISX 10/25 Cup hdl 30.36 +1.04 27.88 33.32 119K 302K 28.02
Current.
IBIS 12/06 Test BO 15.75 -0.35 16.42 19.75 123K 297K 15.27
Buy Not Issued.
LTXX 11/11 DB hdl 14.8 +0.46 16.68 19.85 1.5M 1.2M 15.12
Current.
MAXM 12/01 Rv H&S 8.24 +0.28 8.09 9.88 101K 227K 7.62
Current.
MCLD 11/12 DB hdl 1.51 -0.07 1.78 2.32 1M 3M 1.57
Buy Not Issued.
MHR 12/08 BO 8.41 -0.64 9.35 11.25 2.9M 365K 8.87
Buy Not Hit.
MOLX 12/08 Test 50 33.2 +0.95 33.21 38 720K 850K 31.98
Current.
MTMD 12/03 Cup 4.73 +0.04 4.64 6 453K 312K 4.32
Current.
MTX 12/09 Cup hdl 58.45 +2.44 55.82 59.94 252K 150K 54.21
Buy Not Issued.
MVSN 11/24 Cup hdl 22.49 +1.02 23.33 27.69 247K 891K 22.32
Current.
NOVL 11/22 Test BO 8.91 +0.26 8.88 10.68 8.2M 10M 8.82
Current.
NPSP 12/06 Cup hdl 32.5 +1 31.88 38.25 526K 1.3M 30.22
Buy Not Issued.
OBAS 12/01 A Wedge 7.24 +0.33 8.14 9.94 99K 250K 7.49
Current.
OMCL 12/10 Cup hdl 15.78 -0.37 16.62 19.95 150K 300K 15.46
Buy Not Hit.
SERO 11/22 Cup hdl 17.99 +0.16 18.12 21.25 197K 700K 16.85
Buy Not Issued.
SKIL 12/10 Cup hdl 8.44 +0.06 8.85 10.72 210K 518K 8.18
Buy Not Hit.
TRFX 12/01 Test BO 5 -0.01 5.32 6.54 126K 135K 5.03
Buy Not Issued.
TRFX 11/19 Test BO 5 -0.01 5.19 6.54 126K 135K 5.03
Current.
TRPH 12/01 Test 50 6.44 +0.32 5.58 6.94 818K 1.7M 5.32
Current.
TTEC 11/19 Test BO 10.64 +0.24 10.25 12.27 377K 660K 10.22
Current.
VSH 11/12 Flat 21.81 +1.74 20.78 24.88 2.5M 3.2M 19.33
Current.
WMS 11/21 Dbl btm 25.39 +0.42 25.83 31.22 95K 650K 25.68
Current.
ZILA 11/15 Cup hdl 4.39 +0.03 4.38 5.58 52K 185K 4.07
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ARDI 11/10 Put 12.39 +0.57 11.95 10.06 720K 1M 12.62
Current.
AV 12/08 Put 11.74 +0.63 11.75 10 6.5M 6.8M 12.01
Current.
LOW 12/10 Put 55.63 +1.17 53.96 50.88 3.7M 4M 54.75
Buy Not Hit.
SFNT 11/11 Put 32.16 +1.53 34.05 30.55 267K 461K 32.98
SLAB 12/09 Put 45.69 +1.88 42.45 38.45 1.2M 1.3M 43.45
Buy Not Issued.
SLVN 12/10 Put 29.02 +0.46 28.24 25.18 376K 484K 29.62
Buy Not Hit.
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 market report
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