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stock recommendation, stock market report
Begin part 2 of 2
THE PLAYS
Good moves Thursday: AEOS; AVN; ESL; GIVN; ISRG; QCOM; SOSA
NEW PLAYS:
Upside:
Play Date: 09/02/2004
UTHR (United Therapeutics--$30.79; +0.28; optionable): Drugs
http://biz.yahoo.com/p/u/uthr.html
After Hours: $30.75
STATUS: Test 18 day EMA. A strong breakout in early August propelled UTHR from 24 to 32. There is a lot of pop in this stock. After that strong run, it has come back to test the 18 day EMA (29.99). It sold hard Monday, but checked up at the 18 day and then started to bounce Thursday on stronger, above average volume. Money flow remains very strong, leading the way higher. Looking to move in on this continued rebound. Like to move in on tests of breakout moves.
Volume: 817.819K Avg Volume: 422.454K
BUY POINT: $31.12 Volume=650K Target=$35.35 Stop=$30.42
POSITION: FUH KF - Nov. $30c (62 delta) &/or Stock
http://www.investmenthouse.com/ct/uthr.html
Play Date: 09/02/2004
YHOO (Yahoo!--$29.83; +0.82; optionable): Internet portal
http://biz.yahoo.com/p/y/yhoo.html
After Hours: $29.58
STATUS: Cup. YHOO is in the process of starting the right side of a 9 week cup base that used the 200 day SMA (26.03) as its support back in early August. Thursday YHOO jumped higher, clearing the recent resistance of the August high as well as the 50 day EMA (29.11). Accumulation is positive at 2 to 1; not a great surge of buying, but it is early in the base and accumulation with strengthen as it moves. Looking for more volume as it clears 30 and moves through the buy point.
Volume: 17.273M Avg Volume: 20.316M
BUY POINT: $30.36 Volume=2.5M Target=$35 Stop=$29.87
POSITION: YHQ AZ - Jan. $30c (53 delta) &/or Stock
http://www.investmenthouse.com/ct/yhoo.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: Asc Tri=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; Dsc Tri=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
AEOS 08/24 Test 50 36.46 +2.3 34.32 39 5.9M 2.5M 33.12
Buy Not Issued.
AEOS 07/27 Flat 36.46 +2.3 31.18 36.32 5.9M 2.3M 35.48
Target Hit.
AGYS 08/14 Test BO 15.66 +0.16 15.16 17.84 476K 276K 14.52
Current.
AVN 08/28 Test BO 2.84 +0.12 2.51 3.64 1.2M 1M 2.39
Current.
BG 08/27 Cup hdl 40 +0.09 40.77 46 446K 900K 39.67
Current.
CEDC 08/23 DB hdl 24.76 +0.19 25.35 29.55 60K 245K 23.88
Buy Not Issued.
CHTT 08/27 Cup 30.77 +0.46 30.35 34.72 94K 258K 29.05
Current.
CLF 08/16 Cup hdl 68.12 +1.67 66.14 74 170K 454K 65.95
Current.
CSAR 08/26 Test BO 16.7 -0.26 16.55 19.38 180K 175K 16.45
Current.
CSAR 08/16 Test BO 16.7 -0.26 15.21 17.72 180K 175K 16.45
Current.
DECK 08/18 Asc Tri 29.5 -0.25 31.54 36.55 272K 550K 29.95
Buy Not Hit.
DGX 09/01 DB hdl 86.82 +0.07 86.38 97 314K 852K 84.98
Current.
DRAX 08/28 Cup hdl 4.74 +0.24 4.78 5.75 249K 226K 4.45
Buy Not Issued.
DUSA 08/25 DB hdl 12 +0.01 11.15 13.25 231K 310K 11.62
Current.
ENWV 08/07 Cup hdl 13.38 -0.04 11.05 13.28 153K 175K 13.28
Target Hit. Took rest of gain off table & waiting for a test of
short term MA to move back in.
ESL 07/24 Cup hdl 32.68 +0.88 30.88 35.22 140K 150K 31.48
Current.
EXBD 08/28 Test BO 59.16 -0.32 58.69 63.58 122K 250K 58.22
Current.
GENZ 08/24 Cup hdl 55.06 +0.43 53.43 60 1.6M 3.2M 53.45
Current.
GIVN 09/01 Flat 39.34 +1.6 37.25 42.45 1M 431K 37.24
Current.
ISRG 08/09 Test BO 26.34 +1.38 22.71 26.05 902K 400K 24.05
Current. Took half of solid gain,letting rest run as stock surged
higher off the 18 day MA.
ISSC 08/23 Test BO 27.31 -0.26 27.04 31.48 179K 300K 26.32
Current.
ISSC 08/11 Asc Tri 27.31 -0.26 23.88 27.55 179K 300K 26.32
Current.
JAKK 09/01 Flat 19.76 +0.2 20.89 24 122K 474K 19.63
Buy Not Hit.
JUPM 08/14 Asc Tri 14.39 -0.21 14.15 17.22 260K 513K 15.47
Current.
KMRT 08/18 Dbl btm 79.39 +1.47 80.22 92 3.4M 3.6M 77.88
Entered today.
LSTR 08/30 DB hdl 53.35 +0.37 52.45 58 233K 334K 50.98
Buy Not Issued.
MDCC 08/31 Test 18 23.42 +0.21 23.54 26.55 102K 300K 22.72
Buy Not Issued.
METH 08/21 Cup 12.99 -0.11 13.75 16.48 191K 196K 13.45
Buy Not Issued.
MRVL 09/01 DB hdl 23.99 +0.32 24.05 28 2.4M 8.2M 23.65
Buy Not Issued.
MVSN 09/01 DB hdl 22.92 -0.61 24.07 27.22 553K 677K 23.45
Buy Not Hit.
NUS 08/11 Test BO 26.3 +0.17 26.15 30.18 214K 475K 24.55
Buy Not Issued.
OMN 08/30 Flat 6.2 +0.2 6.29 7.56 53K 137K 5.85
Buy Not Hit.
PD 08/25 Cup hdl 82.2 +0.45 81.88 87.48 1.5M 2.8M 81.97
Current.
PHRM 08/25 Dbl btm 49.64 +0.53 48.36 53.55 465K 773K 45.85
Buy Not Issued.
PLMD 08/21 Cup hdl 30.87 +0.13 30.79 35 101K 357K 29.75
Buy Not Issued.
PMTI 08/23 Dbl btm 18.97 -0.13 18.44 21.95 280K 222K 18.24
Current.
QCOM 09/02 FlyPlat 38.82 +0.83 38.82 45 9M 11M 37.59
Entered today.
SHFL 09/01 Cup 33.65 -0.71 34.57 39.55 917K 934K 33.95
Buy Not Hit.
SOSA 07/15 Cup hdl 4.28 +0.18 3.48 4.38 831K 500K 3.92
Current.
TDS 08/02 FlyPlat 79.7 +0.25 77.46 82.38 67K 265K 78.55
Current.
ZBRA 08/25 Dbl btm 58.91 +0.45 56.45 60 176K 425K 56.39
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AMSG 08/28 Put 22.84 +0.17 22.12 20.55 270K 300K 22.53
Buy Not Issued.
ATRX 08/28 Put 29.39 -0.54 29.25 27.35 119K 700K 29.33
Current.
DV 08/30 Put 20.27 +0.09 19.45 18 350K 400K 19.85
Current.
PTEK 08/26 Put 8.81 -0.04 8.58 7.28 425K 725K 8.98
Current.
RSAS 08/24 Put 15.48 +0.1 15.88 13.71 946K 935K 15.05
SYK 08/26 Put 47.52 +1.48 45.33 42.48 1.1M 1.6M 46.22
Exited.
TEVA 08/21 Put 26.02 -0.48 27.34 25.35 4.9M 4.5M 26.88
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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