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trade stock, stock recommendation
Begin part 2 of 2
THE PLAYS
Tuesday night play results:
MTZ: Surged Friday on some good volume and we issued the alert.
PTNR: Nice surge Wednesday on volume. Friday it shot higher but then closed flat.
EGHT: Still holding at the 18 day MVA on low volume, setting up the next bounce.
New Plays for Tuesday:
We will resume full write-ups on Monday. Here are some stocks that we find very interestesting to start the week.
ACO (Building materials; $18.20): Cup w/handle. ACO is working on the breakout from an 8 week base showing solid 3 to 1 accumulation. It formed the base over the 50 day MVA, a good indication of strength as institutions moved in at that point to support it. Excellent money flow and relative strength ready to breakout. Volume was very good Friday as it started its move higher in its handle. A buy over 18.68 on 500K shares.
UVN (Broadcast TV; $39.05): Testing the breakout. Coming back to test the breakout from a 16 week base, holding over the 10 day MVA (38.76) on low volume as it makes the pullback. Solid 5 to 3 accumulation. Very tight, orderly pullback, and looking for a break higher on average or better volume (1.4 million). A buy over 39.72.
MNDO (Mind CT; $5.90): Broke from a 4.5 month flat base to start the month, running up to 6 on the high. Accumulation in the base was an outstanding 7 to 1. It is now testing the breakout, holding over the 18 day MVA on the lows as it rises toward the next leg higher. Volume jumped Friday as it started to rally, making a new 52-week closing high. Looks ready to continue the move. A buy on the move over 5.96 on continued strong trade (350K or more).
CONTINUING:
Look ready for Monday: ADCT; AIRN; ALTI; FDRY; NGAS; ONNN; TXN
* * 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 2.82 -0.03 2.98 3.85 2.5M 26M 2.77
Buy Not Hit.
AIR 12/15 BO 15.46 +1.44 12.04 14.55 151K 150K 13.94
Target Hit. Explosive moves last week, Friday included. Took part
of the gain, but letting the rest run for us.
AIRN 12/04 Test BO 3.01 -0.04 3.22 4.18 500K 537K 2.88
Current.
ALTI 12/01 Dbl btm 2.35 +0.07 2.05 2.74 1.1M 1.2M 2.05
Current.
AZPN 12/18 Flat 9.77 -0.03 9.17 11.12 90K 1M 8.97
Current.
CTRA 12/10 Cup hdl 3.99 +0.05 4.25 5.44 114K 500K 3.95
Buy Not Hit.
DIS 08/09 Test 50 23.21 -0.16 22.06 26.48 2.6M 9M 22.05
EAR 12/02 Cup hdl 2.27 -0.23 1.95 2.54 465K 254K 2.44
Exited. Took the rest of the gain off the table as it broke
the 18 day MVA.
EBAY 12/12 Test 18 63.4 -0.62 34.72 46 3.2M 12M 59
Current.
EBAY 10/15 Test 50 63.4 -0.62 31.22 46 3.2M 12M 59
Current.
FDRY 11/24 Flat 25.95 +0.37 24.72 29.72 454K 3.5M 25.28
Current.
FL 10/11 A Wedge 23.03 +0.15 17.38 20.88 156K 1.4M 21.71
Current.
FSII 11/25 Flat 7.34 -0.05 6.54 7.98 32K 400K 6.73
Current.
GMR 12/04 Test 18 17.46 -0.11 14.77 17.78 18K 207K 16.82
Target Hit.
GNLB 12/20 Cup hdl 2.41 -0.07 2.43 3.12 344K 786K 2.18
Current.
IBPI 11/09 A Wedge 14.59 -0.49 16.12 19.38 8.3K 358K 15.58
Buy Not Issued.
IDT 12/09 Rv H&S 20.39 -0.02 19.79 23.82 103K 200K 19.32
Current.
INAP 12/08 Test BO 2.59 +0.44 2.47 3.05 13M 5.2M 2.18
Current.
INAP 11/25 Test BO 2.59 +0.44 1.95 2.58 13M 5.7M 2
Current.
IONA 12/20 Test BO 5.37 -0.06 5.72 7.15 64K 600K 5.29
Buy Not Hit.
IVIL 12/23 Flat 3.66 +0.12 3.59 4.52 182K 340K 2.99
Current.
LCAV 12/13 DB hdl 21.88 +0.98 19.82 23.75 88K 206K 18.43
Current.
LPNT 08/09 Rv H&S 29.05 +0.2 0 0 68K 1.3M 27.88
Buy Not Issued.
MTZ 12/26 Flat 14.95 +0.95 14.81 19.32 261K 300K 13.77
Current. A play from Tuesday that showed a very nice volume
surge in the short Friday session, breaking out of
its flat base.
NGAS 12/16 Cup hdl 5.84 +0.38 5.74 7.25 242K 195K 5.11
Current.
NOOF 11/01 Cup hdl 8.99 +0.14 5.27 6.32 38K 319K 8.22
Current.
NOOF 10/25 Cup hdl 8.99 +0.14 4.78 6.21 38K 280K 8.22
Current.
OHI 12/08 Flat 9.02 -0.07 8.71 10.48 32K 200K 8.55
Current.
ONNN 12/16 Test BO 6.35 +0.12 6.78 8.18 229K 3.4M 6.22
Buy Not Hit.
PROX 12/17 Cup hdl 1.69 +0.04 1.96 2.62 573K 3.8M 1.82
Buy Not Hit.
PTNR 12/24 Cup hdl 7.7 -0.01 7.41 9.35 225K 135K 7.24
Current.
RHAT 12/18 DB hdl 18.88 +0.57 16.51 19.58 1.9M 5.5M 16.55
Current.
RWY 11/04 Cup hdl 7.96 -0.03 6.24 7.85 26K 146K 7.52
Current.
SBUX 07/30 Cup 31.94 +0.09 30.35 36.75 602K 6M 31.32
Current.
SBUX 07/01 Cup 31.94 +0.09 26.3 30.94 602K 6M 31.32
Current.
TGA 12/08 A Wedge 2.59 +0.09 2.12 2.78 289K 305K 2.17
Current.
TGT 08/09 Flat 37.72 +0.07 41.45 50 1M 5.7M 38.74
TRPH 12/11 Test BO 6.95 +0.43 6.49 7.68 979K 1.7M 6.12
Current.
TRPH 12/01 Test 50 6.95 +0.43 5.58 6.94 979K 1.7M 6.12
Target Hit. Took part of the nice gain, left the rest to run as
TRPH looks ready to do just that.
TSAI 12/13 Flat 21.2 -0.33 21.32 25.35 70K 629K 20.02
Buy Not Issued.
TSCO 07/29 Test BO 38.95 +0.1 28.06 31.44 175K 494K 37.94
Current.
TSCO 06/03 Rv H&S 38.95 +0.1 23.42 27.62 175K 603K 37.94
Current.
TSCO 04/24 Cup hdl 38.95 +0.1 21.88 26 175K 603K 37.94
Current.
TSCO 04/03 Rv H&S 38.95 +0.1 19.3 22.19 175K 577K 37.94
Current.
TXN 12/18 Test 50 28.83 -0.15 29.15 35 1.8M 18M 28.22
Buy Not Issued.
VLGC 12/12 Test BO 3.63 -0.1 3.24 3.92 270K 1.3M 2.94
Current.
VLGC 11/10 Cup 3.63 -0.1 2.14 2.82 270K 1.3M 3.15
Current.
VOD 10/28 Cup hdl 24.86 -0.14 21.45 25.75 459K 2.8M 23.58
Current.
WMS 11/21 Dbl btm 26.51 +0.28 25.83 31.22 48K 650K 25.68
Current.
YHOO 12/11 Rv H&S 44.29 -0.48 44.65 53.35 4.2M 17M 42.26
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
CHS 12/20 Put 35.94 +0.98 33.92 30.88 1.3M 1.5M 34.64
Buy Not Hit.
FDO 12/15 Put 35.05 +0.32 32.35 29.38 301K 1.2M 34.53
Current.
LEXR 12/22 Put 16.91 +0.51 15.97 13.95 1.6M 4M 16.68
Buy Not Hit.
LNCR 12/10 Put 29.9 -0.06 30.89 28.04 671K 2.5M 31.38
Current.
SMH 12/13 Put 40.92 0 40.3 37.85 1.6M 16M 41.02
Current.
SSTI 12/09 Put 11.1 -0.01 10.56 8.55 380K 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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