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stock recommendation, stock pick
Begin part 2 of 2
THE PLAYS
Good movers Tuesday: AMMD; CAND; GENZ; JAKK; OIS; QCOM; SNDK; ZBRA; AMSG
NEW PLAYS:
Upside:
Play Date: 09/21/2004
ULTI (Ultimate Software--$12.79; +0.68; optionable): Internet software and services
http://biz.yahoo.com/p/u/ulti.html
After Hours: $12.75
STATUS: Double bottom w/handle. Making a solid breakout move from a 15 week base sporting strong 9 to 3 accumulation, showing strong buying as the stock took a breather and weeded out the weak holders. Strong break higher Tuesday on a nice volume surge. Looking to pick up positions if it can continue the move on volume.
Volume: 253.765K Avg Volume: 149.002K
BUY POINT: $12.95 Volume=224K Target=$14.95 Stop=$12.44
POSITION: JUL BV - Feb. $12.50c (60 delta) &/or Stock
http://www.investmenthouse.com/ct/ulti.html
CONTINUING PLAYS:
Play Date: 09/20/2004
ADI (Analog Devices--$39.41; +0.19; optionable): Semiconductors
http://biz.yahoo.com/p/a/adi.html
After Hours: $39.40
STATUS: Double bottom w/handle. After the strong price and volume move Monday, ADI took a breather on lower, below average volume. Nice breakout over the 50 day EMA (38.01), clearing the handle to a 15 week base on a strong, above average volume surge. After this rest we are looking for it to resume the move and step in if it shows volume.
Volume: 4.519M Avg Volume: 4.811M
BUY POINT: $39.42 Volume=4.8M Target=$44 Stop=$38.88
POSITION: ADI LH - Dec. $40c (46 delta) &/or Stock
http://www.investmenthouse.com/ct/adi.html
Play Date: 09/21/2004
SIMG (Silicon Image--$12.51; +0.24; optionable): Semiconductors
http://biz.yahoo.com/p/s/simg.html
After Hours: $12.49
STATUS: Double bottom w/handle. SIMG is one semiconductor stock that has held up very well, forming the current 22 week base at its high for the year. Solid 5 to 3 accumulation in the pattern shows net buyers, and it used the 200 day SMA (10.65) as support on the right leg of the base, a further sign of big money support. Volume jumped as the stock moved up off of the 200 day a week back and then eased as SIMG slid back to the 10 day EMA (11.93) to test the move and start the handle. Money flow is surging ahead of the price, and we are looking for SIMG to breakout and follow the money higher.
Volume: 1.42M Avg Volume: 990.549K
BUY POINT: $13.06 Volume=1.5M Target=$15.65 Stop=$12.72
POSITION: QSI CV - Mar. $12.50c (51 delta) &/or Stock
http://www.investmenthouse.com/ct/simg.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
ADI 09/20 DB hdl 39.41 +0.19 39.42 44 4.5M 4.8M 38.88
Buy Not Issued.
AGYS 08/14 Test BO 16.48 +0.08 15.16 17.84 358K 276K 15.79
Current.
AKAM 09/18 DB hdl 14.68 +0.07 15.52 18 1.4M 4M 14.98
Buy Not Hit.
AMMD 09/14 DB hdl 36.38 +2.5 33.64 38.25 641K 250K 33.65
Current.
BDX 09/13 Cup hdl 51.81 +0.88 51.48 57 670K 1.5M 50.14
Buy Not Issued.
CAND 09/09 Flat 3.6 +0.22 3.15 4 181K 277K 3.28
Current.
CHTT 08/27 Cup 32.7 +0.26 30.35 34.72 131K 258K 31.84
Current.
DECK 08/18 Asc Tri 32.78 -0.27 31.54 36.55 264K 550K 33.35
Trailing Stop.
DRS 09/08 Flat 38.42 +0.21 37.88 43 161K 546K 36.67
Buy Not Issued.
EXBD 08/28 Test BO 59 +0.35 58.69 63.58 126K 250K 58.48
Current.
FFIV 09/15 Test 20 30.25 -0.24 30.58 35.15 651K 1.3M 29.89
Current.
FLS 09/16 Cup hdl 24.36 +0.1 24.44 28.48 384K 415K 23.62
Buy Not Issued.
GENZ 09/18 Cup hdl 56.16 +1.88 55.54 62.55 3.7M 3.5M 54.05
Entered today.
JAKK 09/01 Flat 23.08 +0.53 21.07 24.18 290K 474K 21.92
Current.
KMRT 08/18 Dbl btm 86.3 +0.4 80.22 92 1.4M 3.6M 87.88
Current.
LH 09/20 DB hdl 43 +0.01 43.22 49.48 946K 750K 42.22
Buy Not Hit.
MDCC 08/31 Test 18 23.7 -0.3 23.93 26.95 140K 300K 23.68
Current.
NCOG 09/09 Cup 26.97 +0.47 26.32 30 98K 235K 25.65
Buy Not Issued.
OIS 09/15 Test BO 18.05 +0.05 18.05 21.21 567K 290K 17.49
Entered today.
QCOM 09/02 FlyPlat 39.45 +1.03 38.82 45 13M 11M 38.88
Current.
SIMG 09/20 DB hdl 12.51 +0.24 13.06 15.65 1.4M 1.5M 12.72
Buy Not Hit.
SNDK 09/20 Test 20 28.09 +0.87 27.92 33.42 10M 6.5M 27.12
Entered today.
STLD 09/07 BO 36.2 -0.65 34.62 39 1.4M 750K 36.38
Current.
TDS 08/02 FlyPlat 81.98 +0.36 77.46 82.38 147K 265K 82.48
Current.
TXN 09/16 Test 50 22.89 +0.16 22.16 26 18M 2M 21.86
Current.
VRNT 09/04 Dbl btm 34.95 +0.04 33.58 38.36 68K 216K 34.14
Current.
WCN 09/11 Test BO 31.64 +0.22 30.69 34.22 366K 350K 30.78
Current.
WSO 09/07 DB hdl 30.38 +0.23 30.08 34.94 38K 150K 29.71
Current.
WYNN 09/18 Cup hdl 42.88 +1.04 42.34 50 537K 558K 40.55
Buy Not Issued. Did not like the way it finished the session. If holds here & continues higher then we open positions.
YHOO 09/02 Cup 33.26 0 32.48 36 17M 25M 32.55
Current.
ZBRA 08/25 Dbl btm 61.46 +1.57 56.45 60 325K 425K 58.68
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ACDO 09/09 Put 24.96 +0.54 23.88 21.75 1.1M 1.1M 24.22
Buy Not Issued.
AMSG 08/28 Put 21.66 -0.2 22.35 20.55 129K 300K 22.05
Current.
AW 09/20 Put 9.13 -0.18 9.22 8.12 2.7M 1.5M 9.52
Buy Not Issued. Waited to see if initial drop would continue, but held and rebounded some in afternoon as market recovered after Fed. Still set to fall after this afternoon rebound.
BBOX 09/15 Put 39.5 +0.78 37.48 35.24 99K 175K 37.82
Buy Not Hit.
JCP 09/18 Put 36.68 +0.03 36.43 34.62 3.7M 3M 36.89
Buy Not Issued.
MOVI 09/18 Put 17.75 +0.05 17.46 16.43 195K 400K 17.69
Buy Not Issued.
MXIM 09/13 Put 44.53 +0.43 41.82 39.85 7.5M 8.5M 42.34
Current. Doji below the 50 day MA on some lower volume. Needs
to fall here.
PMCS 09/15 Put 9.87 +0.01 9.32 8.05 7M 6.5M 9.57
Current. Doji below the 50 day MA on lower volume. Doji indicates
a struggle below resistance, & want to see it fall
from here.
PXD 09/13 Put 33.53 +1.53 31.68 29.72 1.7M 1.2M 32.26
Exited.
RHAT 09/15 Put 13.23 -1.87 14.92 13.38 27M 7M 15.32
Buy Not Hit. Too volatile to enter the play. Will wait for relief bounce.
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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