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stock recommendation, stock option
Begin part 2 of 2
THE PLAYS
Good movers Tuesday: GTI; HOMS; AV; LOW
NEW PLAYS:
Downside:
Play Date: 12/16/2003
CY (Cypress Semiconductor--$19.60; -0.60; optionable): Semiconductor
http://biz.yahoo.com/p/c/cy.html
STATUS: Put. CY broke through the 50 day MVA (20.63) 6 sessions back, tapped 19, and then rebounded to try the 50 day one more time. It gapped higher Monday and rolled over on strong volume. It continued selling Tuesday, but bounced up off of 19 as the marekt rallied back. It is still ready to sell as it could not make it far back. The 50 day MVA breakdown after a double top in November and December opens the door to further downside. Stock is under distribution and money flow is tanking still. May try a test back higher toward the 10 day MVA (20.39) but we are willing to take positions from here if it rolls back from here.
Volume: 3.585M Avg Volume: 3.13M
BUY POINT: $19.48 Volume=4M Target=$17.65 Stop=$20.62
POSITION: CY OD - Mar. $20p (-50 delta)
http://www.investmenthouse.com/ct/cy.html
Upside:
Play Date: 12/16/2003
CEVA (Ceva Inc.--$9.5; +0.61; no options): Semiconductors
http://biz.yahoo.com/p/c/ceva.html
STATUS: Reverse head and shoulders. A new issue November 2002, CEVA is working through its second base a 12 week accumulation pattern showing outstanding 5 to 1 accumulation (5 up price weeks on rising volume to 1 down price week on rising volume). This past week it came back to form the right shoulder, testing the 50 day MVA (8.57) and the rebounding. Tuesday it was moving on very strong trade, rallying toward the breakout. Excellent actoin and we love these newer issues when they breakout from their early bases.
Volume: 292.242K Avg Volume: 292K
BUY POINT: $9.92 Volume=128K Target=$11.92 Stop=$9.23
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/ceva.html
Play Date: 12/16/2003
CVNS (Covansys--$10.19; +0.25; no options): ITS software
http://biz.yahoo.com/p/c/cvns.html
STATUS: Flat base. Volume is starting to swell as CVNS moves up off the 50 day MVA (8.88) that acted as the bottom of the 7 week base that is consolidating a nice move from July. Outstanding 4 to 0 accumulation in the base; not many sellers as the stock moves laterally. Money flow is strong and relative strenght has held up and looks ready to make the breakout. Tuesday volume was strong, following two prior sessions of above average trade. Solid.
Volume: 217.552K Avg Volume: 82.772K
BUY POINT: $10.38 Volume=145K Target=$12.45 Stop=$9.64
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/cvns.html
CONTINUING PLAYS:
Upside:
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
ADVP 10/25 A Wedge 51.9 -3.35 49.59 59.38 13M 3.1M 55.62
Exited.
ALTI 12/01 Dbl btm 2.08 +0.05 2.05 2.74 1M 1.2M 1.94
Current.
ALTR 12/10 Test 50 21.97 +0.11 23.04 26.55 7.5M 10M 22.06
Buy Not Issued.
AOT 11/24 Flat 22.48 -0.07 23.37 27.95 339K 405K 22.88
Current.
AVX 12/11 Flat 16.15 -0.28 16.25 19.55 229K 450K 15.25
Current.
BWC 12/01 Rv H&S 20.35 +0.54 20.52 24.65 50K 155K 19.32
Buy Not Hit.
CORV 12/04 Flat 1.56 -0.03 1.65 2.12 2.8M 8M 1.48
Current.
CPHD 11/05 A Wedge 7.59 -0.2 6.15 7.52 584K 338K 7.54
Current.
CYPB 12/08 A Wedge 14.87 +0.47 14.95 17.95 571K 425K 13.88
Current.
EMBT 10/06 Flat 15.26 -0.69 11.24 13.38 313K 350K 14.42
Current.
EMBT 07/26 Cup hdl 15.26 -0.69 9.33 11.12 313K 400K 14.42
Current.
FLDR 12/12 Cup hdl 6.78 +0.15 6.64 8 216K 150K 6.02
Current.
FLDR 11/25 DB hdl 6.78 +0.15 6.19 7.85 216K 150K 6.02
Current.
GBN 10/22 Cup 2.76 -0.12 1.86 2.42 560K 300K 2.45
Current.
GTI 12/15 A Wedge 12.73 +0.58 12.66 15.22 1.3M 1.2M 11.77
Current.
HOMS 12/11 A Wedge 4.62 +0.33 4.32 5.35 1.8M 1.5M 3.88
Current.
MAXM 12/01 Rv H&S 8.25 -0.19 8.09 9.88 70K 227K 7.88
Current.
MHR 12/08 BO 9.36 +0.15 9.35 11.25 1.3M 365K 8.87
Buy Not Issued.
MICU 12/13 Flat 18.77 +0.05 19.12 22.95 263K 488K 17.98
Buy Not Issued.
MOLX 12/08 Test 50 32.41 +0.04 33.21 38 480K 850K 32.12
Current.
MSPD 12/15 A Wedge 6.8 +0.05 7.15 8.65 343K 1.1M 6.65
Buy Not Hit.
MTMD 12/03 Cup 4.83 -0.14 4.64 6 460K 312K 4.41
Current.
MTX 12/09 Cup hdl 59.1 -0.49 55.82 59.94 104K 150K 58.88
MVSN 11/24 Cup hdl 21.03 -0.07 23.33 27.69 287K 891K 22.32
Current.
NOVL 11/22 Test BO 9.4 +0.26 8.88 10.68 4.2M 10M 8.88
Current.
NPSP 12/06 Cup hdl 31.27 -0.1 31.88 38.25 496K 1.3M 30.22
Buy Not Issued.
OBAS 12/01 A Wedge 6.67 -0.34 8.14 9.94 134K 250K 7.49
Exited.
OMCL 12/10 Cup hdl 15.7 -0.11 16.62 19.95 203K 300K 15.46
Buy Not Issued.
RFMI 12/15 Test BO 9.6 +0.13 10.12 12.22 27K 129K 9.32
Buy Not Hit.
SERO 11/22 Cup hdl 17.4 -0.27 18.12 21.25 361K 700K 16.85
Buy Not Issued.
SKIL 12/10 Cup hdl 8.12 -0.01 8.85 10.72 399K 518K 8.18
Buy Not Hit.
TEK 12/13 Test 50 27.26 -0.13 27.84 33.42 403K 450K 26.78
Buy Not Hit.
TRPH 12/11 Test BO 6.32 -0.24 6.49 7.68 871K 1.7M 5.93
Current.
TRPH 12/01 Test 50 6.32 -0.24 5.58 6.94 871K 1.7M 5.93
Current.
TTEC 11/19 Test BO 10 -0.24 10.25 12.27 567K 660K 10.22
Current.
VSH 11/12 Flat 21.2 -0.4 20.78 24.88 2.2M 3.2M 20.42
Current.
WMS 11/21 Dbl btm 25.87 +0.71 25.83 31.22 297K 650K 25.68
Current.
ZILA 11/15 Cup hdl 4.22 +0.04 4.38 5.58 210K 185K 4.12
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ARDI 11/10 Put 11.88 -0.01 11.95 10.06 622K 1M 12.62
Current.
AV 12/08 Put 11.18 -0.3 11.75 10 3.6M 6.8M 12.01
Current.
CECO 12/15 Put 37.45 -0.17 37.24 33.05 2.7M 4M 38.45
Buy Not Issued.
JBLU 12/15 Put 27.29 +0.26 26.55 23.15 2.2M 3M 28.78
Current.
LOW 12/10 Put 53.56 -0.62 53.42 50.45 7M 4M 54.75
Current.
SLAB 12/09 Put 41.64 -0.85 42.6 37.65 2.1M 1.3M 43.72
Current.
SLVN 12/10 Put 27.06 -0.4 28.05 25.02 768K 484K 29.02
Current.
SMTC 12/13 Put 20.81 -0.08 21.25 18.54 1.3M 1.2M 22.18
Current.
TTMI 12/13 Put 13.62 -0.11 14.16 11.55 582K 700K 15.04
Current.
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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