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us stock market, trade stock
Begin part 2 of 2
THE PLAYS
Good movers Thursday: AMMD; HRS; VRNT; WCN; ACDO; JCP KCP
NEW PLAYS:
Upside:
Play Date: 09/30/2004
NSS (NS Group--$18.50; +0.63; no options): Steel and iron
http://biz.yahoo.com/p/n/nss.html
STATUS: Cup w/handle. NSS is trying to make the breakout form its 10 week base that formed roughly around the 50 day EMA (16.61), a good sign of institutional support. Accumulation in the base is a solid 4 to 2, setting the stage for the next breakout. Volume has shown some good spikes the past week, telling us to get ready for a breakout move. Money flow is strong as well, leading the price higher. Looks ready to make the next breakout move.
Volume: 160.4K Avg Volume: 191.363K
BUY POINT: $18.72 Volume=287K Target=$22.55 Stop=$17.54
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/nss.html
Downside:
Play Date: 09/30/2004
CGNX (Cognex--$26.20; +0.02; optionable): Scientific & technical instruments
http://biz.yahoo.com/p/c/cgnx.html
After Hours: $26.20
STATUS: Put. After a hard drop last week on strong trade as CGNX fell out of a 9 week lateral move, it has made a lower and lower volume rebound to test the plunge. Thursday CGNX tapped at the 18 day EMA (26.67) on the high and then faded to close right at the 10 day EMA (26.22). Looking for a roll back over here for a move back toward the September low and a 41%ish gain.
Volume: 335.131K Avg Volume: 589.318K
BUY POINT: $25.94 Volume=750K Target=$23.88 Stop=$26.32
POSITION: QCG WF - Nov. $25p (-30 delta)
http://www.investmenthouse.com/ct/cgnx.html
CONTINUING PLAYS:
BDX: Strong volume. Looks ready.
CONTINUING PLAY TABLE:
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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
AMMD 09/30 Test BO 36.27 +0.81 36.04 42 467K 250K 35.12
Entered today.
AMMD 09/14 DB hdl 36.27 +0.81 33.64 38.25 467K 250K 35.65
Current.
BDX 09/13 Cup hdl 51.7 +0.82 51.88 57 2.1M 1.5M 50.28
Buy Not Issued.
CHK 09/25 Rv H&S 15.83 +0.2 15.85 18.95 2.6M 2.5M 15.12
Buy Not Issued.
CRXL 09/29 Pennant 8.08 -0.08 8.32 10 113K 175K 8.18
Buy Not Hit.
DGII 09/30 Cup hdl 11.43 +0.2 11.97 14.98 324K 206K 11.34
Entered today. Kept watchign it, and a surge higher on solid trade
caught our attention. It melted back toward the close,
however. Needs to hold this 11.50 level.
ECL 09/25 Cup hdl 31.44 +0.25 31.68 36.55 1.1M 952K 30.55
Buy Not Issued.
FLS 09/16 Cup hdl 24.18 -0.17 24.44 28.48 328K 415K 23.62
Buy Not Issued.
GENZ 09/18 Cup hdl 54.41 -0.6 55.54 62.55 2.5M 3.5M 55.25
Exited.
HRS 09/27 Test BO 54.94 +1.52 54.88 60 561K 600K 53.11
Entered today.
JCOM 09/29 Cup 31.59 +0.25 31.75 37 866K 850K 30.88
Buy Not Issued.
JUPM 09/29 BO 17.8 +0.36 17.57 21 1.5M 550K 16.88
Buy Not Issued.
KMRT 08/18 Dbl btm 87.47 -0.59 80.22 92 1.4M 3.6M 87.88
Current.
LH 09/20 DB hdl 43.72 +0.32 43.59 49.68 559K 750K 42.98
Current.
LMT 08/23 DB hdl 55.78 +0.69 54.81 59.98 1.6M 2.8M 54.12
Current.
OIS 09/15 Test BO 18.7 -0.2 18.05 21.21 85K 290K 18.02
Current.
OMC 09/28 Cup 73.06 +0.01 73.12 77.25 825K 1.3M 71.98
Buy Not Issued.
OPTV 09/27 Test BO 3.05 -0.05 3.15 4.25 247K 525K 2.93
Buy Not Issued.
QCOM 09/02 FlyPlat 39.04 +0.09 38.82 45 15M 11M 38.88
Current.
SIMG 09/21 DB hdl 12.64 +0.38 13.06 15.65 1.3M 1.5M 12.72
Buy Not Hit.
STJ 09/22 Test 20 75.27 -0.23 72.78 76.85 2M 1.5M 74.98
Current.
TDS 09/24 FlyPlat 84.17 +0.42 84.68 100 145K 265K 83.72
Current.
TDS 08/02 FlyPlat 84.17 +0.42 77.46 82.38 145K 265K 83.88
Current.
TIBX 09/29 DB hdl 8.51 +0.04 8.71 10.48 3.2M 3.5M 8.45
Buy Not Hit.
VRNT 09/04 Dbl btm 36.84 +1.14 33.58 38.36 250K 216K 35.25
Current.
WCN 09/11 Test BO 31.68 +0.62 30.69 34.22 235K 350K 30.74
Current.
WITS 09/25 Test BO 16.07 +0.41 16.21 19 289K 543K 15.88
Buy Not Hit.
WYNN 09/18 Cup hdl 51.69 +0.75 45.38 53 974K 558K 51.38
Current.
YHOO 09/02 Cup 33.91 -0.09 32.48 36 25M 25M 32.32
Current.
ZBRA 08/25 Dbl btm 61.01 +0.5 56.45 60 313K 425K 60.97
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ACDO 09/30 Put 23.57 -0.48 23.55 21.55 1.1M 1.1M 24.04
Entered today.
ALTR 09/25 Put 19.57 +0.28 19 17.38 7.4M 10M 19.44
Current.
BBOX 09/24 Put 36.95 -0.35 37.24 35 144K 175K 37.85
Current.
CENT 09/27 Put 30.62 +0.4 29.61 27.88 170K 200K 30.05
Buy Not Hit.
CHKP 09/22 Put 16.97 -0.1 17.87 16.35 2.4M 3.5M 17.38
EYE 09/22 Put 20.6 +0.11 19.98 17.78 227K 485K 20.48
Current.
HNI 09/25 Put 39.58 +0.56 39.31 37.81 176K 163K 39.95
Buy Not Issued.
IDXX 09/28 Put 50.74 +0.25 48.47 46 228K 300K 49.55
Buy Not Hit.
JCP 09/18 Put 35.28 -0.53 35.97 34.15 6.1M 3M 36.72
Current.
KCP 09/27 Put 28.14 -1.36 28.75 27 241K 126K 28.68
Entered today.
OEX 09/22 Put 534.86 -1.7 535.33 522 1.7M 1.3M 533.68
Current.
SOX 09/25 Put 384.2 +3.58 377.28 355 0 0 383
Current.
UVN 09/27 Put 31.61 +0.52 31.31 29.54 1.8M 1.5M 31.65
Entered today.
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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