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trade stock, stock split
Begin part 2 of 2
THE PLAYS
Good movers Thursday: ACCL; ASKJ; BEBE; MIL; NVDA; QQQ; RHAT; SGMS; SWIR
NEW PLAYS:
Upside:
Play Date: 03/25/2004
CERN (Cerner--$44.18; +1.11; optionable): Healthcare information service
http://biz.yahoo.com/p/c/cern.html
STATUS: Test 50 day MVA. CERN has come back to the 50 day MVA (43.24) after it tried to breakout from a 13 week reverse head and shoulders in early March. Volume was up on that breakout attempt, but not huge, and the stock drifted back on lighter trade to test support. Accumulation in the base was a strong 7 to 3 (7 up price weeks on rising volume to 3 down price weeks on rising volume) showing money moving into the stock during the base. Solid money flow is up ahead of the stock. Volume did not jump as the stock moved higher Thursday, indicating the stock was not quite ready to make the move. We need to be patient and let the stock make the breakout on strong volume.
Volume: 363.213K Avg Volume: 657.409K
BUY POINT: $45.12 Volume=986K Target=$51.88 Stop=$43.12
POSITION: CQN FI - June $45c (55 delta) &/or Stock
http://www.investmenthouse.com/ct/cern.html
Play Date: 03/25/2004
TASR (Taser--$64.27; +2.47; optionable): Stun guns
http://biz.yahoo.com/p/t/tasr.html
STATUS: Cup w/handle. TASR has formed a short 5 week pattern to consolidate its strong October to February run. This is just what it needed after its split in mid-February. It has moved back up toward that February high, on the verge of the next breakout. Solid 3 to 0 accumulation in the pattern with surging money flow and relative strength ready to breakout once more. Looks ready to follow money flow higher but may take another day or two to complete the base.
Volume: 3.405M Avg Volume: 4.505M
BUY POINT: $64.86 Volume=6.8M Target=$75 Stop=$60.02
POSITION: QUR FM - June $65c (55 delta) &/or Stock
http://www.investmenthouse.com/ct/tasr.html
CONTINUING PLAY TABLE:
* * SPREADSHEET DOWNLOAD * * *
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http://www.technicaltraders.com/ttr/table.php
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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
ACCL 02/21 Test 50 20 +1.5 20.59 24.75 181K 246K 19.54
Current.
ARRY 02/25 Test 50 8.94 +0.52 7.9 9.48 66K 300K 8.48
Current.
ASKJ 03/18 BO 31.28 +2.27 31.44 37.95 3M 3.7M 29.12
Entered today.
BEBE 03/13 Cup hdl 31.71 +1.39 31.88 36.55 252K 200K 30.02
Entered today.
CBR 03/17 Cup hdl 10.65 +0.25 10.65 12.78 302K 750K 9.98
Current.
CHT 01/22 Cup hdl 17.3 +0.12 15.75 18.92 70K 1.1M 17.06
Current.
CHTT 02/14 Cup hdl 25.7 +0.19 22.25 26.48 84K 282K 25.88
Current.
CRXL 03/24 Cup hdl 8.3 +0.05 8.35 10.06 113K 350K 7.77
Buy Not Hit.
CYTC 03/17 Test 18 20.25 +0.9 20.48 24.65 1.5M 2.2M 19.34
Buy Not Hit.
CYTC 03/01 Cup hdl 20.25 +0.9 20.24 24 1.5M 1.7M 19.96
Current.
GTI 03/20 A Wedge 14.34 +0.33 14.65 17.62 1M 1.8M 13.62
Buy Not Hit.
HMP 03/08 A Wedge 1.83 -0.03 2.16 2.84 55K 150K 2.08
Current.
HYSL 03/01 A Wedge 38.83 +1.74 38.72 44.38 673K 1.1M 36.68
Buy Not Issued.
LTD 03/22 Test 50 19.58 +0.04 19.68 23.62 4.7M 3.9M 18.88
Buy Not Issued.
MAMA 03/16 Test BO 10.67 -0.11 10.04 13.12 3.1M 6M 9.32
Current.
MER 03/04 A Wedge 59.19 +0.8 63.79 72 4.6M 6.5M 60.32
Current.
MER 02/14 A Wedge 59.19 +0.8 61.96 70.55 4.6M 6.5M 60.32
Current.
MIL 02/07 Test BO 52.24 +1.9 50.44 58 599K 500K 50.98
Current.
MXT 03/22 Cup hdl 7 +0.23 7.02 8.45 1.3M 1.7M 6.48
Buy Not Issued.
NMGC 03/03 Flat 4.44 +0.05 5.1 6.18 200K 488K 4.88
Current.
NPRO 03/22 Cup hdl 2.96 -0.12 3.11 3.88 234K 402K 2.87
Current.
NPRO 02/03 Cup hdl 2.96 -0.12 2.87 3.58 234K 402K 2.87
Current.
NSTK 03/20 Test 18 12.97 +0.59 13.42 16.12 73K 135K 12.48
Buy Not Issued.
NVDA 03/24 Test 50 24.42 +1.34 23.94 28.75 8.3M 6M 22.26
Entered today.
PLXT 03/03 A Wedge 10.2 +0.5 11.26 13.42 137K 218K 10.47
Current.
QLTI 02/17 FlyPlat 24.02 +1.38 24.92 29.55 895K 2M 23.68
Buy Not Issued.
QQQ 03/24 Test 50 35.34 +0.92 34.84 36 142M 136M 34.75
Entered today.
RECN 03/22 Rv H&S 37.5 +0.57 36.16 43.38 531K 225K 34.48
Current.
RHAT 03/24 Flat 22.38 +2.37 20.66 24.85 16M 7.3M 19.21
Entered today.
SGMS 03/01 Dbl btm 18.94 +1.17 18.85 22.62 1.4M 1.1M 17.53
Entered today.
SKIL 01/03 Cup hdl 12.15 +0.17 9.32 11.24 2M 518K 10.55
Target Hit.
SLTC 03/09 Cup hdl 5.08 +0.06 5.37 6.48 173K 242K 4.96
Buy Not Hit.
SOFO 02/21 Cup hdl 2.22 +0.03 2.56 3.21 103K 189K 2.38
Buy Not Issued.
STG 03/13 Test 18 3.7 +0.1 4.04 5 311K 563K 3.76
Buy Not Hit.
STSI 03/13 Cup hdl 4.13 +0.4 4.42 5.48 236K 285K 4.11
Buy Not Hit.
SWIR 03/18 Test BO 33.01 +2.69 32.22 37.25 1.3M 1.3M 30.22
Current.
SWIR 03/06 BO 33.01 +2.69 31.88 36.85 1.3M 1.1M 29.65
Current.
TEO 02/23 Test 50 10.7 +0.24 10.61 12.72 171K 520K 10.48
Current.
TLCV 03/11 Test 18 11.55 +0.75 11.08 13.12 755K 1.2M 10.32
Buy Not Issued.
TOM 02/28 Cup hdl 16.7 +0.05 16.84 20.12 352K 850K 16.22
Current.
VOXX 02/21 A Wedge 18.66 +0.63 16.29 19.62 133K 160K 17.92
Current.
VRNT 03/15 Cup hdl 29.98 +0.13 27.88 33.45 239K 200K 26.94
Current.
WAT 03/20 Cup hdl 39.21 +0.11 39.45 45.58 596K 850K 37.75
Buy Not Issued.
WEBX 02/25 Test 18 27.16 +0.99 27.27 31.35 1.2M 1M 27.38
Current.
WIND 03/13 Test BO 10.54 +0.51 10.72 12.88 491K 850K 9.97
Buy Not Issued.
WMAR 03/23 Test 50 30.4 +0.45 30.45 35 163K 295K 30.12
Buy Not Issued.
WMI 03/17 A Wedge 28.47 0 30.25 36.32 2.1M 2.8M 28.13
Buy Not Hit.
WSTM 03/08 Cup hdl 2.56 -0.04 2.72 3.55 163K 234K 2.53
Buy Not Hit.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ASF 02/11 Put 16.26 +0.25 15.04 12.55 173K 453K 15.74
Exited.
AZO 03/10 Put 85.7 +1.31 84 81.28 868K 1.1M 83.66
Current.
CAT 02/28 Put 77.15 +0.82 75.54 72.48 1.7M 3M 74.25
CCL 03/22 Put 43.43 +0.58 41.75 39.72 2.7M 3M 42.94
Buy Not Hit.
DHR 03/10 Put 90.07 +1.55 88.22 85.25 913K 1.2M 90.15
Current.
GGG 03/18 Put 41.72 +1.36 40.07 38.22 187K 165K 40.88
Current.
HHH 03/15 Put 49.5 +1.95 47.36 45.35 392K 350K 48.88
Buy Not Issued.
MOLX 03/20 Put 30.28 +1.07 29.48 27.38 799K 750K 30.32
Current.
TECD 03/22 Put 40.08 +1.49 38.45 36.05 626K 550K 39.25
Current.
TXT 03/15 Put 52.15 +1.31 51.7 48.65 1.2M 800K 53.36
Current.
UTX 03/16 Put 85.9 +1.85 87.84 84 2.3M 3M 87.65
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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