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trade stock, stock recommendation
Begin part 2 of 2
THE PLAYS
Monday night play results:
ADCT: Doji at the breakout point.
LEXR: Bumped up to the 10 day MVA on low volume, still ready to fall.
YHOO: Getting ready for the move. Like it.
New Plays for Tuesday:
No full write-ups given the short session. Here are some stocks that we find very interestesting for Wednesday. Many moved on strong volume and that sets them up for some positions Wednesday if they can continue on.
MTZ (Heavy construction materials, $14.19 close): Nice flat base with 3:1 accumulation. Volume swelling the past week and then surging Tuesday as it started toward a breakout. A buy over 14.42.
PTNR (Foreign telecom): Cup w/handle. 9 week pattern, 4:0 accumulation. Very tight handle over the 10 day MVA. Volume jumping the last two sessions. A buy over 7.78.
EGHT (Net communication; $4.94): After bursting higher to 8 in late November, it has come back to test the breakout, holding the 18 day MVA the past two weeks on lower volume. Friday and Tuesday volume spiked above average. Looks ready to start the move. More of a trade up to 7ish. Looking at on a move over 5.32.
CONTINUING:
Look ready for Wednesday: YHOO; TXN; INAP; AIRN
* * SPREADSHEET DOWNLOAD * * *
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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
ADCT 12/22 DB hdl 2.84 0 2.98 3.85 17M 26M 2.77
Buy Not Hit.
AIR 12/15 BO 14.11 +1.14 12.04 14.55 289K 150K 11.66
Current.
AIRN 12/04 Test BO 3.1 +0.21 3.22 4.18 746K 537K 2.88
Current.
ALTI 12/01 Dbl btm 2.35 +0.17 2.05 2.74 2.9M 1.2M 2.05
Current.
AZPN 12/18 Flat 9.87 +0.18 9.17 11.12 414K 1M 8.97
Current.
CTRA 12/10 Cup hdl 3.96 +0.03 4.25 5.44 80K 500K 3.95
Buy Not Hit.
DIS 08/09 Test 50 23.46 +0.01 22.06 26.48 5.6M 9M 22.05
EAR 12/02 Cup hdl 2.65 +0.02 1.95 2.54 369K 254K 2.44
Current.
EBAY 12/12 Test 18 63.74 +1.05 34.72 46 8.9M 12M 59
Current.
EBAY 10/15 Test 50 63.74 +1.05 31.22 46 8.9M 12M 59
Current.
FDRY 11/24 Flat 25.73 -0.13 24.72 29.72 1.5M 3.5M 25.28
Current.
FL 10/11 A Wedge 22.8 -0.17 17.38 20.88 913K 1.4M 21.71
Current.
FSII 11/25 Flat 7.31 +0.09 6.54 7.98 147K 400K 6.73
Current.
GMR 12/04 Test 18 17.45 +0.04 14.77 17.78 105K 207K 16.14
Current.
GNLB 12/20 Cup hdl 2.55 -0.08 2.43 3.12 1.1M 786K 2.18
Current.
IBPI 11/09 A Wedge 15.14 -0.77 16.12 19.38 41K 358K 15.58
Buy Not Issued.
IDT 12/09 Rv H&S 20.09 +0.09 19.79 23.82 200K 200K 19.32
Current.
INAP 12/08 Test BO 2.14 0 2.22 2.78 2.8M 5.2M 2
Buy Not Issued.
INAP 11/25 Test BO 2.14 0 1.95 2.58 2.8M 5.7M 2
Current.
IONA 12/20 Test BO 5.4 +0.02 5.72 7.15 95K 600K 5.29
Buy Not Hit.
IVIL 12/23 Flat 3.63 +0.63 3.59 4.52 722K 340K 2.99
Current. Scanning the market & saw the stock breakout from its
3 month flat base (3 to 0 accumulation) on strong trade
so issud the bonus alert.
LCAV 12/13 DB hdl 21.08 -0.18 19.82 23.75 536K 206K 18.43
Current.
LPNT 08/09 Rv H&S 29.05 +0.18 0 0 388K 1.3M 27.88
Buy Not Issued.
NGAS 12/16 Cup hdl 5.26 -0.09 5.74 7.25 127K 195K 5.11
Current.
NOOF 11/01 Cup hdl 8.79 +0.01 5.27 6.32 158K 319K 8.22
Current.
NOOF 10/25 Cup hdl 8.79 +0.01 4.78 6.21 158K 280K 8.22
Current.
OHI 12/08 Flat 9.19 +0.24 8.71 10.48 134K 200K 8.55
Current.
ONNN 12/16 Test BO 6.4 +0.2 6.78 8.18 636K 3.4M 6.22
Buy Not Hit.
PROX 12/17 Cup hdl 1.75 -0.03 1.96 2.62 1.4M 3.8M 1.82
Buy Not Hit.
RHAT 12/18 DB hdl 17.98 -0.63 16.51 19.58 16M 5.5M 16.55
Current.
RWY 11/04 Cup hdl 7.99 +0.01 6.24 7.85 31K 146K 7.52
Current.
SBUX 07/30 Cup 32.08 +0.08 30.35 36.75 2.5M 6M 31.32
Current.
SBUX 07/01 Cup 32.08 +0.08 26.3 30.94 2.5M 6M 31.32
Current.
SWC 12/08 Test BO 8.3 -0.31 8.89 10.45 504K 600K 8.46
Exited.
SWC 11/20 Cup 8.3 -0.31 8.19 9.85 504K 600K 8.46
Exited. Broke the 18 day MVA on stronger, average volume, and
when it could not retake the level toward the close
(as it had done in the prior tests of this support),
we shut it down.
TGA 12/08 A Wedge 2.35 -0.24 2.12 2.78 650K 305K 2.17
Current.
TGT 08/09 Flat 38.03 -0.13 41.45 50 3.6M 5.7M 38.74
TRPH 12/11 Test BO 6.38 +0.18 6.49 7.68 343K 1.7M 5.93
Current.
TRPH 12/01 Test 50 6.38 +0.18 5.58 6.94 343K 1.7M 5.93
Current.
TSAI 12/13 Flat 21.56 -0.06 21.32 25.35 111K 629K 20.02
Buy Not Issued.
TSCO 07/29 Test BO 39.33 +0.21 28.06 31.44 293K 494K 37.94
Current.
TSCO 06/03 Rv H&S 39.33 +0.21 23.42 27.62 293K 603K 37.94
Current.
TSCO 04/24 Cup hdl 39.33 +0.21 21.88 26 293K 603K 37.94
Current.
TSCO 04/03 Rv H&S 39.33 +0.21 19.3 22.19 293K 577K 37.94
Current.
TXN 12/18 Test 50 29.17 +0.45 29.15 35 7.9M 18M 28.22
Buy Not Issued. Really considered it as it moved up off the 50 day
MVA, but volume was so anemic we decided to hold off.
VLGC 12/12 Test BO 3.68 +0.23 3.24 3.92 1.5M 1.3M 2.94
Current.
VLGC 11/10 Cup 3.68 +0.23 2.14 2.82 1.5M 1.3M 3.15
Current.
VOD 10/28 Cup hdl 24.65 +0.22 21.45 25.75 1.2M 2.8M 23.58
Current.
WMS 11/21 Dbl btm 26.63 +0.69 25.83 31.22 129K 650K 25.68
Current.
YHOO 12/11 Rv H&S 43.68 +1.08 44.35 53.25 8.4M 17M 42.22
Buy Not Hit.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
CHS 12/20 Put 34.91 +0.08 33.92 30.88 875K 1.5M 34.64
Buy Not Hit.
FDO 12/15 Put 34.7 +0.17 32.35 29.38 806K 1.2M 34.53
Current.
LEXR 12/22 Put 16.53 +0.23 15.97 13.95 2M 4M 16.68
Buy Not Hit.
LNCR 12/10 Put 30.12 -0.2 30.89 28.04 1.3M 2.5M 31.38
Current.
SMH 12/13 Put 41.02 +0.78 40.3 37.85 5.9M 16M 41.02
Current.
SSTI 12/09 Put 11.17 +0.27 10.56 8.55 1.7M 2.4M 11.55
Current.
Good Investing!
Jon L. Johnson and The Daily Staff
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 of 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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