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stock recommendation, stock market report
Begin part 2 of 2
THE PLAYS
Good moves Tuesday: CAND; KMRT; TDS; YHOO
NEW PLAYS:
Downside:
Play Date: 09/14/2004
ERTS (Electronic Arts--$47.70; -1.05; optionable): Multimedia graphics software
http://biz.yahoo.com/p/e/erts.html
After Hours: $47.59
STATUS: Put. Tried to form a double bottom April to August, but as the market rallied the past three weeks ERTS dove back below the 200 day SMA (49.14). A rather weak rebound attempt the past week failed Tuesday as ERTS gapped lower on strong volume. It managed a rebound to recoup some of its losses, but with money flow diving ahead of price we don't think it will manage to form another bottom here. Looking for continued selling on solid trade.
Volume: 6.532M Avg Volume: 3.476M
BUY POINT: $47.57 Volume=3.5M Target=$45.45 Stop=$47.89
POSITION: ESQ VJ - Oct. $50p (-70 delta)
http://www.investmenthouse.com/cT/erts.html
Upside:
Play Date: 09/14/2004
AMMD (American Medical Systems--$32.90; +0.85; optionable): Medical appliances
http://biz.yahoo.com/p/a/ammd.html
After Hours: $33
STATUS: Double bottom w/handle. Volume is surging as AMMD makes the breakout move from its 12 week base sporting outstanding 5 to 1 accumulation (5 up price weeks on rising volume to 1 down price week on rising volume). That sets the foundation for the breakout move and it is making the move. Strong money flow and relative strength ready to breakout as well, a good corroboration of a price breakout.
Volume: 432.308K Avg Volume: 210.636K
BUY POINT: $33.02 Volume=250K Target=$37.95 Stop=$32.44
POSITION: FGU BG - Feb. $35c (44 delta) or FBU BF - Feb. $30c (72 delta) &/or Stock
http://www.investmenthouse.com/ct/ammd.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
AGYS 08/14 Test BO 16.32 +0.02 15.16 17.84 182K 276K 15.67
Current.
ATRM 09/11 Dbl btm 5.8 -0.19 6 8.15 95K 300K 5.58
Current.
AVN 08/28 Test BO 3.11 -0.04 2.51 3.64 847K 1M 2.98
Current.
BDX 09/13 Cup hdl 51.41 +1.17 51.25 57 1.2M 1.5M 50.14
Buy Not Issued.
CAND 09/09 Flat 3.31 +0.19 3.15 4 325K 277K 2.98
Current.
CHTT 08/27 Cup 32.14 +0.14 30.35 34.72 61K 258K 30.98
Current.
CSAR 08/26 Test BO 16.55 -0.45 16.55 19.38 78K 175K 16.45
Current.
CSAR 08/16 Test BO 16.55 -0.45 15.21 17.72 78K 175K 16.45
Current.
DECK 08/18 Asc Tri 33.17 +0.22 31.54 36.55 223K 550K 31.25
Current.
DRAX 08/28 Cup hdl 4.7 -0.04 4.92 5.88 54K 226K 4.65
Buy Not Issued.
DRS 09/08 Flat 37.29 -0.33 37.88 43 151K 546K 36.67
Buy Not Issued.
EMR 09/13 Cup 63.44 -0.58 64.32 68 807K 1.2M 63.48
Buy Not Hit.
ENWV 09/11 Test BO 12.65 -0.99 13.76 16.38 356K 234K 13.05
Exited.
EXBD 08/28 Test BO 59.03 -0.19 58.69 63.58 201K 250K 58.48
Current.
ISSC 08/23 Test BO 25.03 -1.37 27.04 31.48 367K 300K 26.82
Exited.
ISSC 08/11 Asc Tri 25.03 -1.37 23.88 27.55 367K 300K 26.39
Trailing Stop.
JAKK 09/01 Flat 21.11 +0.29 21.07 24.18 575K 474K 20.39
Current.
KMRT 08/18 Dbl btm 89 +3.66 80.22 92 5.2M 3.6M 83.98
Current.
LIFC 09/04 Dbl btm 9.51 -0.42 9.63 11.59 126K 450K 9.57
Exited.
MDCC 08/31 Test 18 23.88 +0.18 23.93 26.95 99K 300K 23.38
Current.
NCOG 09/09 Cup 26.26 +0.07 26.32 30 104K 235K 25.65
Buy Not Issued.
NUS 08/11 Test BO 27.15 +0.47 27.05 31 387K 475K 26.38
Buy Not Issued.
QCOM 09/02 FlyPlat 40.9 +0.5 38.82 45 12M 11M 38.88
Current.
SOSA 07/15 Cup hdl 4.25 +0.05 3.48 4.38 731K 500K 4.24
Trailing Stop.
STLD 09/07 BO 36.8 -0.05 34.62 39 1.8M 750K 35.92
Current.
TDS 08/02 FlyPlat 83.78 +2.31 77.46 82.38 234K 265K 82.48
Target Hit.
UTHR 09/02 Test 18 32.16 +0.2 31.12 35.35 346K 650K 30.42
Buy Not Issued.
VRNT 09/04 Dbl btm 35.34 -0.2 33.58 38.36 103K 216K 33.98
Current.
WCN 09/11 Test BO 30.05 -0.56 30.48 34 171K 350K 29.55
Buy Not Issued.
WSO 09/07 DB hdl 29.52 -0.46 30.08 34.94 50K 150K 29.24
Current.
YHOO 09/02 Cup 33.2 +1.33 32.48 36 28M 25M 31.98
Entered today.
ZBRA 08/25 Dbl btm 59.41 -0.21 56.45 60 293K 425K 58.45
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ACDO 09/09 Put 24.5 -0.14 23.88 21.75 1.5M 1.1M 24.22
Buy Not Issued.
AGN 09/11 Put 75.06 +1.21 73.73 71.48 484K 950K 74.38
Current.
AMSG 08/28 Put 22.43 +0.05 22.35 20.55 166K 300K 22.58
Current.
HIG 09/11 Put 62.52 +0.19 61.24 58.78 1.2M 2M 61.65
Buy Not Hit.
MXIM 09/13 Put 42.29 +0.1 41.98 39.95 5.5M 8.5M 42.44
Buy Not Issued.
PXD 09/13 Put 31.94 -0.08 31.68 29.72 1.3M 1.2M 32.52
Entered today.
SVU 09/07 Put 27.29 +0.28 26.88 25.32 903K 850K 26.96
Exited.
TEVA 08/21 Put 27.95 +0.75 27.34 25.35 3.9M 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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stock recommendation
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