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trade stock, stock recommendation
Begin part 2 of 2
THE PLAYS
New Plays for Wednesday:
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.
NTOP (Internet telephone; $6.60); Working through a 13 week cup base, charging higher on strong trade Tuesday after it tested the 200 day MVA in late November. Looks ready to run up to the complete the right side of the base up near 7.50. Can move in on a further move for a run up to there (11%) and then let it breakout. 5:3 accumulation. Looking at on move over 6.72.
ISSC (Scientific & Technical instruments; $17.78): Nice lateral 3 week consolidation of a big mid-November breakout. Held the 18 day MVA on the lateral move and surged Tuesday on big volume. Solid 2:0 accumulation. A buy over 18.
QGENF (Biotechnology, $11.87): Cup. Trying to come off the bottom of its 15 week cup base, showing some strong trade Tuesday. It is at the top of a 3 month range that marks the bottom of the base. Accumulation is solid at 5:3. Looking for a break over 12.12 to enter.
TSN (Poultry; $13.98): 3 month flat base with strong 4:1 accumulation. With the mad cow news this stock could finally make the breakout. It was up some after hours. A move over $14.50. Have to be nimble. Take 10% to 15% and move on.
CONTINUING:
HOMS: Moving on strong volume. Ready for the next move.
DTPI; MSPD; RFMI; MICU; USPI
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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
ALTI 12/01 Dbl btm 2.35 +0.17 2.05 2.74 2.9M 1.2M 2.05
Current.
AOT 11/24 Flat 22.75 -0.09 23.37 27.95 236K 405K 22.88
Current.
ATVI 12/17 Dbl btm 18.65 +0.35 18.52 22.22 1.5M 2.5M 17.22
Current.
AVX 12/11 Flat 16.11 -0.02 16.25 19.55 288K 450K 15.89
Current.
BJS 12/18 Test BO 35.3 -0.9 36.74 40.55 1.4M 3.6M 35.42
Buy Not Hit.
BWC 12/01 Rv H&S 20.8 +0.52 20.74 24.88 121K 155K 19.98
Current. Great volume considering the low volume, pre-holiday,
wake me when it is over market action. Nice breakout.
CEVA 12/16 Rv H&S 9.55 -0.26 9.92 11.92 56K 128K 9.23
Buy Not Issued.
CHL 12/17 Rv H&S 15.34 -0.2 15.48 18.58 456K 790K 14.78
Current.
CHRD 12/20 A Wedge 5.16 +0.02 5.23 6.28 496K 1M 4.68
Current.
CORV 12/04 Flat 1.63 +0.02 1.65 2.12 2.7M 8M 1.54
Current.
CPHD 11/05 A Wedge 9.09 -0.01 6.15 7.52 274K 338K 8.12
Current.
CVNS 12/16 Flat 9.6 -0.15 10.38 12.45 36K 145K 9.64
Buy Not Hit.
CYPB 12/08 A Wedge 13.8 -0.25 14.95 17.95 275K 425K 14.44
Exited. Could not retake the 18 day MVA after the big gap lower
Monday so closed it out.
DTPI 12/17 A Wedge 9.76 +0.53 10.12 12.22 222K 577K 9.41
Buy Not Hit.
EMBT 10/06 Flat 15.88 +0.23 11.24 13.38 111K 350K 14.85
Current.
EMBT 07/26 Cup hdl 15.88 +0.23 9.33 11.12 111K 400K 14.85
Current.
ENMC 12/20 Flat 7.95 -0.32 8.2 9.88 605K 417K 7.48
Current.
FLDR 12/12 Cup hdl 6.96 +0.11 6.64 8 304K 150K 6.21
Current.
FLDR 11/25 DB hdl 6.96 +0.11 6.19 7.85 304K 150K 6.21
Current.
FORR 12/22 Test 50 17.75 -0.1 18.31 22 90K 116K 17.48
Buy Not Hit.
GBN 10/22 Cup 2.42 -0.06 1.86 2.42 660K 300K 2.45
Exited. Took the rest of a 30% gain off the table as it failed
to retake the 18 day MVA. Will catch it when it forms
up again after the 50 day MVA test.
GTI 12/15 A Wedge 13.08 +0.1 12.66 15.22 702K 1.2M 12.12
Current.
HOMS 12/11 A Wedge 4.6 +0.36 4.32 5.35 2.8M 1.5M 3.97
Current.
HRLY 12/22 Cup hdl 20.46 +0.45 20.24 24.32 42K 135K 19.39
Buy Not Issued. Really tempted, but just no trade to even allow us
to buy it with somewhat of a straight face.
MAXM 12/01 Rv H&S 8.43 +0.22 8.09 9.88 120K 227K 7.88
Current.
MICU 12/13 Flat 18.8 +0.3 19.12 22.95 208K 488K 17.98
Buy Not Issued.
MOLX 12/08 Test 50 34.37 +0.54 33.21 38 527K 850K 32.28
Current.
MSPD 12/15 A Wedge 6.7 +0.1 7.15 8.65 404K 1.1M 6.65
Buy Not Hit.
MTMD 12/03 Cup 5.02 +0.02 4.64 6 86K 312K 4.68
Current.
MTX 12/09 Cup hdl 59.05 -0.56 55.82 59.94 71K 150K 57.55
MVSN 11/24 Cup hdl 23 +0.7 23.33 27.69 687K 891K 22.32
Current.
NOVL 11/22 Test BO 10.5 +0.5 8.88 10.68 8.7M 10M 9.08
Current.
NPSP 12/06 Cup hdl 31 +0.05 31.88 38.25 287K 1.3M 30.22
Buy Not Issued.
OCLR 12/22 Flat 28.3 0 29.08 34.88 99K 135K 27.68
Buy Not Hit.
OMCL 12/10 Cup hdl 15.91 -0.09 16.95 20.25 156K 300K 15.85
Current.
OTE 12/20 Cup hdl 6.24 -0.11 6.52 8.15 43K 135K 6.19
Buy Not Hit.
RFMI 12/15 Test BO 9.21 +0.11 10.12 12.22 52K 129K 9.32
Buy Not Hit.
TEK 12/13 Test 50 31.64 +0.39 30.35 35.88 508K 450K 28.88
Current.
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.
USPI 12/22 Flat 33.82 +0.52 33.88 40.65 234K 350K 32.32
Buy Not Hit.
VSH 11/12 Flat 22.43 +0.39 20.78 24.88 667K 3.2M 20.98
Current.
WMS 11/21 Dbl btm 26.63 +0.69 25.83 31.22 129K 650K 25.68
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ADI 12/20 Put 44.84 +0.47 43.85 39.75 2M 4M 45.32
Buy Not Hit.
ARDI 11/10 Put 13.05 +0.16 11.95 10.06 549K 1M 12.62
Current. Back at the top of the range at 13. It is over the
50 day but has been hesitating. If it does not fade
back into the range (11 to 13) then we shut it down.
AV 12/08 Put 11.92 +0.1 11.75 10 3.4M 6.8M 11.85
Current.
BBY 12/22 Put 49.5 -0.95 49.97 46.45 6.9M 5M 51.06
Buy Not Hit. Heavier volume selling early but managed to lift in
the afternoon w/the market. Still selling.
CECO 12/15 Put 37.99 +1.09 37.24 33.05 2.2M 4M 38.45
Buy Not Issued.
CLE 12/20 Put 18.97 -0.04 19.31 18 1.1M 679K 20.24
Buy Not Issued.
JBLU 12/15 Put 26.74 +0.58 26.55 23.15 1.4M 3M 28.02
Current.
LOW 12/10 Put 54.06 -0.12 53.42 50.45 2.9M 4M 54.75
Current.
RTH 12/17 Put 88.74 +0.11 87.98 84.02 390K 2.5M 89.44
Buy Not Hit.
SLAB 12/09 Put 42.4 +0.58 42.6 37.65 1M 1.3M 43.72
Current.
SLVN 12/10 Put 28.25 +0.4 28.05 25.02 185K 484K 28.19
Current.
SMTC 12/13 Put 22.36 +0.55 21.25 18.54 809K 1.2M 22.18
Current.
VSEA 12/18 Put 43.42 +0.52 41.62 38 365K 1M 42.94
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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