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us stock market, stock recommendation
Begin part 2 of 2
THE PLAYS
NEW PLAYS:
Downside:
Play Date: 05/06/2004
NTE (Nam Tai Electronics--$17.32; -0.95; optionable): Business equipment
http://biz.yahoo.com/p/n/nte.html
STATUS: Put. Has been trending lower since December, and then really tanked in late April. It has bounced back up to test the 10 day EMA (18.98), rolling back over after the move Thursday. Looking for a further fall from here to continue the downtrend.
Volume: 1.616M Avg Volume: 893.09K
BUY POINT: $17.12 Volume=1.3M Target=$14 Stop=$19.02
POSITION: NTE RW - June $17.50p (-53 delta)
http://www.investmenthouse.com/ct/nte.html
Upside:
Play Date: 05/06/2004
EFII (Electronics for Imaging--$27.10; +0.30; optionable): Application software
http://biz.yahoo.com/p/e/efii.html
STATUS: Cup. EFII is working on the right side of its 3.5 month base, surging higher on strong volume. This is the price/volume action you want to see: dries up at the bottom and then surging as it rallies up the right side. It is sidestepping some here and may be forming a handle to its base, the point where the last weak holders get frustrated the stock has stopped recovering and decide to sell out. Once they are gone it is not long before demand outstrips supply and you get a breakout. Excellent 8 to 2 accumulation (8 up price weeks on rising volume to 2 down price weeks on rising volume) shows us money moving into the stock as it bases. Money flow is surging through the roof, and we are looking for EFII to follow it higher.
Volume: 798.721K Avg Volume: 483.09K
BUY POINT: $27.48 Volume=725K Target=$32 Stop=$25.78
POSITION: EFQ JE - Oct. $25c (76 delta) &/or Stock
http://www.investmenthouse.com/ct/efii.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
ABMD 04/12 Test BO 12.17 -0.82 10.88 13 98K 115K 11.88
Current.
ACXM 03/17 Test 18 23.09 +0.1 21.29 25.55 420K 800K 23.22
Current.
ALOG 04/29 Cup hdl 47.73 -0.37 50.28 57.85 62K 159K 48.05
Buy Not Hit.
AMT 04/27 Test BO 13.44 -0.07 13.12 16 1.4M 4M 12.44
Buy Not Issued.
ASKJ 04/19 Test BO 36.88 -1.52 39 44.65 2.7M 3.7M 37.32
Exited.
ASKJ 03/18 BO 36.88 -1.52 31.44 37.95 2.7M 3.7M 37.15
Trailing Stop.
ATRX 04/19 Cup hdl 31 -0.97 32 38.32 271K 300K 30.05
Current.
AZR 04/04 Test BO 25.93 -0.14 25.56 29.55 191K 400K 25.38
Current.
CDIS 04/24 Cup hdl 29.27 -0.13 28.23 33.78 354K 475K 26.62
Current.
CECO 04/28 Test BO 69.38 +0.58 65.15 75 1.2M 3M 63.42
Current.
CERN 03/25 Test 50 42.04 -0.91 47.06 53.88 632K 986K 44.72
Exited.
CYTC 03/17 Test 18 19.75 -2.57 21.84 26.22 7.4M 2.2M 21.71
Exited.
CYTC 03/01 Cup hdl 19.75 -2.57 20.24 24 7.4M 1.7M 21.71
Exited.
DRTE 04/20 Flat 17.2 -0.66 18.09 21.45 272K 325K 18.48
Current.
DYAX 04/28 Cup 14.5 -0.25 15.03 17.95 157K 371K 13.69
Current.
FSH 03/29 Flat 57.65 -0.58 54.52 62.75 624K 1.6M 57.02
Current.
HEB 04/24 Cup hdl 4.25 -0.08 4.31 5.17 333K 318K 4.42
Current.
IVGN 04/22 Dbl btm 71.71 -1.21 76.46 87 646K 1.2M 72.39
Current.
JBX 04/28 Test BO 27.22 -0.1 28.32 33.98 199K 500K 27.08
Buy Not Hit.
KOSN 05/03 Cup hdl 13.48 -0.61 14.82 17.72 88K 154K 13.78
Buy Not Hit.
KROL 05/01 A Wedge 30.16 -0.09 30.37 34.55 305K 773K 28.24
Current.
LEXG 05/03 Cup hdl 7.05 -0.2 7.62 9.15 210K 369K 7.09
Buy Not Hit.
LTD 03/22 Test 50 20.43 -0.38 21.16 25.15 3.5M 3.9M 20.48
Current.
MACE 05/05 Test 50 4.81 -1.11 6.04 7.32 10M 4M 5.62
Buy Not Hit.
MCHP 05/05 Test 50 30.44 +0.14 30.62 34 4.3M 4M 28.48
Buy Not Issued. Thought really hard abou this one late, but it backed
off toward the close so we decided to wait for Friday.
MDT 05/03 DB hdl 51.06 -0.11 51.78 59 3.2M 7.5M 49.92
Buy Not Hit.
MIL 02/07 Test BO 53.8 -0.34 50.44 58 298K 500K 53.42
Current.
MIPS 04/21 DB hdl 6.86 +0.01 6.82 8.22 279K 339K 6.34
Current.
MYGN 05/04 Test BO 18.27 +0.09 19.15 22.55 447K 507K 17.81
Current.
NSTK 03/20 Test 18 13.87 +0.05 14.66 17.38 59K 135K 13.63
Current.
PHMD 04/07 DB hdl 3.89 +0.25 3.02 3.82 426K 322K 3.54
Current.
PLMO 05/05 Test 50 16.68 -1.44 18.38 22 2.6M 3.5M 17.09
Buy Not Hit.
PLXT 03/03 A Wedge 13.69 +0.4 11.26 13.42 118K 218K 13.62
Current.
POTP 04/28 Test 50 6 0 6.88 8.25 56K 95K 6.33
Buy Not Hit.
PRGO 05/01 Test BO 21.76 -0.41 22.06 25.95 269K 712K 21.08
Current.
PTEK 05/03 Test BO 10.48 -0.12 10.88 13.05 495K 1.1M 10.22
Buy Not Issued.
RHI 03/31 DB hdl 27.86 -0.16 25.18 28.85 758K 1.1M 27.88
Current.
SKIL 01/03 Cup hdl 12.85 -0.27 9.32 11.24 261K 518K 12.58
Current.
SLXP 05/01 Test 18 31.73 -0.26 32.06 37.88 162K 350K 30.48
Buy Not Issued.
TLCV 03/11 Test 18 12.15 -0.25 12.11 14.34 325K 1.2M 12.12
Current.
TSO 04/20 Test BO 21.35 -0.13 21.35 25.62 617K 1.1M 20.18
Buy Not Issued.
UAG 05/01 Cup hdl 30.3 -0.38 31.55 36.45 124K 250K 29.34
Buy Not Hit.
UTHR 04/29 Test BO 25 -0.93 25.74 31 1.1M 465K 24.05
Current.
WAT 03/20 Cup hdl 42.9 -0.58 40 46.12 565K 850K 40.88
Current.
WSTM 03/08 Cup hdl 2.99 -0.01 2.78 3.65 41K 234K 2.98
Current.
XLTC 04/21 Cup hdl 33 +0.02 34.53 39.72 26K 75K 32.11
Buy Not Issued.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
$SOX 05/05 Put 452.25 +3.94 448.12 427 0 0 452.25
Buy Not Issued.
BG 05/01 Put 35.95 -0.43 37.65 34.45 474K 884K 38.12
Buy Not Hit. Never made the test of 37 but has het to clenaly break
36 to the downside that is lingering as support.
ENR 05/03 Put 43.52 -0.53 44.45 42 443K 500K 45.25
Current.
HSIC 05/04 Put 69.67 -1.29 69.66 66.12 488K 526K 70.88
Buy Not Issued.
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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