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stock recommendation, stock pick
Begin part 2 of 2
THE PLAYS
Good movers Tuesday: ADPT; ARXX; ASKJ; CPHD; CVNS; HELX; IPXL; KEA; MVSN; MXIM; ORBK;
NEW PLAYS:
Upside:
Play Date: 01/06/2004
MIPS (Mips Technologies--$6.2; +0.68; no options): Semiconductors
http://biz.yahoo.com/p/m/mips.html
STATUS: Ascending triangle. MIPS is in the process of breaking out from an 8 week base. Tuesday it shot higher on extremely strong trade. The base shows excellent 4 to 0 accumulation and formed over the 50 day MVA (5.39), an indication that institutions were stepping in to buy the stock at that key support level. Surging money flow and relative strength moving for the breakout. MIPS makes nice runs out of these patterns.
Volume: 1.207M Avg Volume: 179.041K
BUY POINT: $6.32 Volume=269K Target=$7.65 Stop=$5.88
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/mips.html
Play Date: 01/06/2004
NFLX (Netflix--$59.61; +3.71; optionable): Music and video via mail
http://biz.yahoo.com/p/n/nflx.html
STATUS: Cup w/handle. The idea is that these businesses have to die out given TIVO and other means of watching movies, but it has yet to happen. What is happening is that NFLX continues to sell more and more and its earnings climb higher and higher. It is in the process of a strong volume breakout from a very pretty 9 week base that formed by holding over the 50 day MVA (50.02) on the lows. As we know, a base formed over the 50 day shows institutional support for the stock as they move in and buy the stock at that point. Nice pattern and good volume breakout. Looking to pick it up on a continued strong move.
Volume: 3.76M Avg Volume: 1.935M
BUY POINT: $61.06 Volume=2.9M Target=$73.25 Stop=$56.68
POSITION: QNQ CL - Mar. $60c (53 delta) &/or Stock
http://www.investmenthouse.com/ct/nflx.html
CONTINUING:
* * SPREADSHEET DOWNLOAD * * *
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http://www.technicaltraders.com/ttr/table.php
(You will need your password ... if you need help click on this link and our automated system will email it to you immediately once you fill in your email address:
http://www.investmenthouse.com/rescue/rescue.php3 )
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
ADPT 01/06 Flat 9.57 +0.33 9.65 11.62 2.4M 1.1M 9.03
Current. Kept watching it, saw the breakout on volume, issued
the alert.
ALTI 01/02 Test BO 3.22 -0.34 3.02 3.78 4.7M 2.3M 2.72
Current.
ALTI 12/01 Dbl btm 3.22 -0.34 2.05 2.74 4.7M 1.2M 2.75
Current.
ALTR 01/05 Test 50 23.29 -0.18 23.48 26.95 6.5M 10M 22.72
Current.
AMXC 12/29 A Wedge 8.34 +0.28 7.98 9.98 74K 134K 7.53
Current.
AOT 11/24 Flat 23.84 +0.37 23.37 27.95 637K 405K 22.88
Current.
ARXX 01/05 Flat 13.54 +0.67 13.26 15.94 1.5M 700K 12.33
Current.
ASKJ 01/04 Test 50 22.96 +2.08 20.68 24.95 6.9M 3.7M 19.23
Current.
ATVI 12/17 Dbl btm 18.77 +0.09 18.52 22.22 3.1M 2.5M 18.08
Current.
AVX 12/11 Flat 17.38 -0.08 16.25 19.55 450K 450K 16.25
Current.
BWC 12/01 Rv H&S 21.62 +0.27 20.74 24.88 60K 155K 20.88
Current.
CALP 01/05 Rv H&S 7.63 +0.39 7.66 9.12 317K 175K 7.12
Current.
CHL 12/17 Rv H&S 16.44 +0.04 15.48 18.58 620K 790K 15.38
Current.
CHRD 12/20 A Wedge 5.2 -0.4 5.23 6.28 13M 1M 5.08
Current.
CHU 01/02 Test 50 10.16 -0.15 10.02 12.25 980K 880K 9.32
Current.
CKP 01/03 Flat 21.6 -0.15 20.84 24.85 1.1M 300K 19.48
Current.
CORV 12/04 Flat 2.37 +0.05 1.65 2.12 36M 8M 1.68
Current.
CPHD 11/05 A Wedge 11.12 +0.72 6.15 7.52 972K 338K 9.32
Current.
CVNS 12/16 Flat 11.45 +0.47 10.48 12.55 339K 145K 10.14
Current.
CYD 01/02 Flat 28.07 -2.06 33.64 40.45 4.5M 4M 31.29
Current.
CYH 12/27 DB hdl 26.38 -0.62 27.25 32 550K 550K 26.42
Buy Not Issued.
DTPI 12/17 A Wedge 10 +0.03 10.23 12.35 140K 577K 9.55
Current.
EMBT 10/06 Flat 15.87 +0.07 11.24 13.38 210K 350K 15.38
Current.
EMBT 07/26 Cup hdl 15.87 +0.07 9.33 11.12 210K 400K 15.38
Current.
ENMC 12/20 Flat 8.62 -0.06 8.2 9.88 194K 417K 7.88
Current.
GTI 12/15 A Wedge 13.64 -0.36 12.66 15.22 982K 1.2M 13.06
Current.
HELX 01/05 Cup hdl 24.03 +2.34 22.4 26.78 1.1M 300K 20.83
Current.
HOMS 12/11 A Wedge 4.48 -0.1 4.32 5.35 564K 1.5M 4.42
Current.
HRLY 12/22 Cup hdl 21.5 +0.15 20.86 24.92 65K 135K 20.26
Current.
IMOS 12/26 A Wedge 11.42 +0.38 8.75 10.68 2.3M 552K 8.32
Current.
IPXL 01/05 Cup hdl 16.88 +1.16 15.68 18.65 1.3M 650K 14.46
Current.
ITXC 01/05 Flat 5.01 +0.01 4.89 6.25 1.5M 706K 4.45
Current.
KEA 12/27 DB hdl 17.27 +0.6 15.96 19 832K 500K 15.02
Current.
MAXM 12/01 Rv H&S 8.59 -0.01 8.09 9.88 49K 227K 8.36
Current.
MICU 12/13 Flat 20.1 +0.57 19.12 22.95 339K 488K 17.98
Buy Not Issued.
MOLX 12/08 Test 50 35.8 +0.06 33.21 38 483K 850K 34.12
Current.
MRBA 12/30 Test 50 5.41 +0.14 5.62 7.05 116K 227K 5.23
Buy Not Hit.
MSPD 12/15 A Wedge 7.54 +0.55 7.15 8.65 682K 1.1M 6.65
Buy Not Issued.
MTX 12/09 Cup hdl 58.62 -1.58 55.82 59.94 134K 150K 58.64
MVSN 11/24 Cup hdl 25.27 +1.65 23.33 27.69 1.3M 891K 22.32
Current.
MXIM 12/29 Test 50 51.89 +1.61 51.28 55.18 6.4M 5M 49.52
Current.
NOVA 01/03 Test 18 3.79 -0.12 3.77 4.89 130K 105K 3.51
Current.
NOVL 11/22 Test BO 10.68 -0.02 8.88 10.68 6.8M 10M 10.22
Current.
NPSP 12/06 Cup hdl 31.6 +0.3 31.88 38.25 324K 1.3M 30.22
Buy Not Issued.
NUFO 01/05 Dbl btm 5.42 +0.14 5.38 6.55 541K 596K 5
Buy Not Issued.
OCLR 12/22 Flat 28.81 +0.21 29.51 35 69K 135K 28.08
Current.
OMCL 12/10 Cup hdl 17.15 -0.6 16.95 20.25 683K 300K 15.85
Current.
ORBK 01/05 A Wedge 26.53 +0.93 25.16 30.25 451K 198K 23.42
Current.
OTE 12/20 Cup hdl 7.35 -0.05 6.52 8.15 110K 135K 6.48
PTNR 12/24 Cup hdl 8.26 +0.01 7.41 9.35 209K 135K 7.38
Current.
QGENF 12/29 Cup 12.27 -0.05 12.33 14.88 103K 300K 11.82
Current.
RFMI 12/15 Test BO 10 +0.33 10.12 12.22 189K 129K 9.32
Buy Not Issued.
SKIL 01/03 Cup hdl 8.46 +0.12 8.85 10.72 267K 518K 8.18
Buy Not Hit.
TEK 12/13 Test 50 32.85 0 30.35 35.88 709K 450K 30.99
Current.
TELK 12/29 Rv H&S 23.21 +0.31 22.86 26.25 362K 650K 21.68
Current.
THER 12/29 Flat 19.92 -0.22 19.65 23.55 423K 1.3M 18.98
Current.
TRFX 01/02 BO 5.62 -0.08 5.77 7.22 101K 135K 5.28
Buy Not Issued.
TRPH 12/11 Test BO 7.3 +0.05 6.49 7.68 1M 1.7M 6.48
Current.
TRPH 12/01 Test 50 7.3 +0.05 5.58 6.94 1M 1.7M 6.48
Current.
USPI 12/22 Flat 32.76 -1.17 33.88 40.65 228K 350K 32.98
Buy Not Issued. Thudded down below the 18 day MVA on average volume. The stock has not made the move we were looking for so will drop, but will keep our eye on it.
VNWK 12/30 DB hdl 2.4 -0.29 2.34 3.05 800K 271K 2.15
Current.
VSH 11/12 Flat 23.34 -0.27 20.78 24.88 1.2M 3.2M 22.22
Current.
WMS 11/21 Dbl btm 27.33 +0.73 25.83 31.22 472K 650K 25.68
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ADI 12/20 Put 48.26 +1.06 43.85 39.75 3.2M 4M 45.32
Buy Not Hit. continue to rally on rising volume. The stock has not made the move we were looking for so will drop, but will keep our eye on it.
AV 12/08 Put 12.94 +0.47 11.75 10 6.2M 6.8M 11.85
Exited.
BBY 12/22 Put 51.64 -0.19 49.54 46.45 4.3M 5M 51.82
Current.
CBRL 01/03 Put 38.65 +0.54 37.65 35.45 454K 525K 38.62
Buy Not Hit. Rallied on rising volume. The stock has not made the move we were looking for so will drop, but will keep our eye on it.
CLE 12/20 Put 19.53 +1.47 19.31 18 2.6M 679K 18.98
Rallied on rising volume. Stock has not made the move we are looking for so will drop, but will keep our eyes on it.
JBLU 12/15 Put 28.44 +1.95 26.55 23.15 3.4M 3M 27.79
Exited.
LOW 12/10 Put 55.3 +1.53 53.42 50.45 4M 4M 54.75
Exited.
RTH 12/17 Put 90.2 +1.29 88.35 85.02 1.2M 2.5M 89.44
Buy Not Issued. Rallied to close over the 50 day MVA on strong volume. Stock has not made the move we are looking for so will drop, but will keep our eyes on it.
SLAB 12/09 Put 46 +0.59 42.6 37.65 1M 1.3M 43.72
Exited.
TARO 01/03 Put 60.45 -0.55 62.32 58.25 777K 300K 64.88
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 pick
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