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stock recommendation, stock market report
Begin part 2 of 2
The power has yet to be restored and we are down to one computer as our batteries run dry. We were unable to retrieve the continuing play table data but do have new plays. We will be up in the morning as we are told power will be restored.
THE PLAYS
NEW PLAYS:
Upside:
Play Date: 10/04/2004
EYET (Eyetech Pharmaceuticals--$36.5; +1.2; optionable): Biotechnology
http://biz.yahoo.com/p/e/eyet.html
After Hours: $37.39
STATUS: Double bottom. Rallying off of 33, the low in the 14 month base sporting solid 3 to 2 accumulation. The move off of the low has crossed the 50 day EMA (34.95) and is on solid volume the past three weeks. Excellent money flow is leading higher. This stock can garner a lot of momentum. We are looking for it to rally near the 'hump' in the middle of the pattern. After that it may form a handle. We will take some gain at the target, but if it holds up on low volume and works laterally, we will hold the rest and see if it can provide a breakout that could deliver a lot more upside.
Volume: 849.511K Avg Volume: 754.636K
BUY POINT: $36.82 Volume=1.1M Target=$43 Stop=$35.95
POSITION: QUJ LG - Dec. $35c (64 delta) &/or Stock
http://www.investmenthouse.com/ct/eyet.html
Play Date: 10/04/2004
GIVN (Given Imaging--$41.26; +2.28; optionable): Medical appliances
http://biz.yahoo.com/p/g/givn.html
After Hours: $41.30
STATUS: Breakout. Volume shot higher as GIVN continues the breakout from its 5 month cup base sporting solid 7 to 4 accumulation. It broke out in early September then moved laterally over the 18 day EMA (38.38), forming a nice flying plateau to consolidate the breakout. It is now surging once more, continuing the breakout with strong money flow. Relative strength broke out again as well, a good signal of a strong move. Looking for a pullback here to test the move, but if it does continue higher from here we will take a partial position and more on the next test.
Volume: 1.29M Avg Volume: 244.045K
BUY POINT: $40.55 Volume=366K Target=$46.62 Stop=$39.98
POSITION: QPG BH - Feb. $40c (61 delta) &/or Stock
http://www.investmenthouse.com/ct/givn.html
Play Date: 10/04/2004
PPDI (Pharmaceutical Product Dev.--$36.14; +0.39; optionable): Medical labs
http://biz.yahoo.com/p/p/ppdi.html
STATUS: Breakout test. PPDI exploded higher in July, then fell into a 9 week cup with handle base. Solid 3 to 0 accumulation during the pattern has set up the breakout. After moving higher two weeks back on some decent volume, it has pulled back and held the 18 day EMA (35.72) on the test. Started to move higher again Monday, but faltered a bit. Still looks solid, and just looking for a volume break higher. Solid money flow is leading to the upside.
Volume: 341.724K Avg Volume: 455.363K
BUY POINT: $36.55 Volume=683K Target=$42 Stop=$35.66
POSITION: PJQ AG - Jan. $35c (62 delta) &/or Stock
http://www.investmenthouse.com/ct/ppdi.html
Play Date: 10/04/2004
SAPE (Sapient--$8.48; +0.67; optionable): Business software
http://biz.yahoo.com/p/s/sape.html
After Hours: $8.45
STATUS: Test 50 day EMA. After a late July breakout and run up the 18 day EMA (7.91), SAPE has come back to test the 50 day EMA (7.40) on much lower, below average volume. It found that support and then exploded higher Monday on a very strong volume surge, helped along by the SEBL announcement. Strong money flow is leading higher and relative strength is breaking out as well, a good corroboration of the stock's strength. Strong stocks breakout, rally 4 to 5 bounces up the 18 day EMA, test the 50 day EMA, and then start back up. Looks as if SAPE is doing just that.
Volume: 1.966M Avg Volume: 1.353M
BUY POINT: $8.62 Volume=1.6M Target=$10.35 Stop=$8.28
POSITION: SQC AU - Jan. $7.50c (76 delta) &/or Stock
http://www.investmenthouse.com/ct/sape.html
CONTINUING PLAY TABLE:
* * SPREADSHEET DOWNLOAD * * *
The following link is to a spreadsheet download of the continuing play table. It will allow subscribers to sort the data for your personal investment use. This is a service to our subscribers only, and no other use of the information is authorized. Simply click on the link, enter your username and password, and download the spreadsheet!
http://www.technicaltraders.com/ttr/table.php
You will need your password. If you need help click on this link and our automated system will email it to you immediately once you fill in your email address:
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 36.85 +0.05 36.04 42 173K 250K 35.65
Current.
AMMD 09/14 DB hdl 36.85 +0.05 33.64 38.25 173K 250K 35.65
Current.
AVO 10/02 Cup hdl 40.97 +1.58 41.06 48.68 828K 722K 39.98
Entered today.
BDX 09/13 Cup hdl 52.5 -0.35 52.68 57.88 854K 1.5M 51.97
Current.
CHK 09/25 Rv H&S 16.2 +0.12 16.08 19.15 2M 2.5M 15.55
Current.
CRXL 09/29 Pennant 8.43 -0.12 8.42 10.09 92K 175K 8.24
Current.
DGII 09/30 Cup hdl 12.33 +0.4 11.97 14.98 392K 206K 11.59
Current.
ECL 09/25 Cup hdl 31.87 +0.12 32.05 37 777K 952K 31.27
Entered today.
EMR 10/02 Cup 63.84 -0.06 64.34 74 1.4M 1.9M 63.15
Buy Not Hit.
FLS 09/16 Cup hdl 24.81 +0.31 24.44 28.48 265K 415K 23.62
Buy Not Issued.
HRS 09/27 Test BO 56.33 +0.21 54.88 60 509K 600K 55.08
Current.
JCOM 09/29 Cup 33.2 +0.97 32.25 37.65 1M 850K 31.35
Current.
JUPM 09/29 BO 18.31 +1 17.57 21 844K 550K 16.88
Buy Not Issued.
KMRT 08/18 Dbl btm 90.53 +2.47 80.22 92 2.4M 3.6M 87.88
Current.
KOOL 10/02 Cup 5.05 +0.05 5.11 6.49 197K 200K 4.89
Buy Not Hit.
LH 09/20 DB hdl 43.42 -0.28 43.59 49.68 438K 750K 42.98
Current.
LMT 08/23 DB hdl 56.6 +0.28 54.81 59.98 2.2M 2.8M 55.45
Current.
NSS 09/30 Cup hdl 18.9 +0.17 18.72 22.55 125K 287K 17.54
Buy Not Issued.
OIS 09/15 Test BO 18.92 -0.02 18.05 21.21 330K 290K 18.43
Current.
OMC 09/28 Cup 74.11 +0.31 74.15 78.25 756K 1.3M 72.98
Current.
OPTV 09/27 Test BO 3.4 +0.24 3.35 4.48 1.2M 525K 3.18
Entered today.
QCOM 09/02 FlyPlat 40.97 +0.52 38.82 45 14M 11M 38.88
Current.
SIMG 09/21 DB hdl 14.43 +0.03 13.29 15.98 4.3M 1.5M 13.98
Current.
STJ 09/22 Test 20 75.53 +0.55 72.78 76.85 848K 1.5M 74.98
Current.
SYNA 10/02 DB hdl 23.43 +1.77 22.89 27 1M 702K 22.28
Entered today.
TDS 09/24 FlyPlat 83.79 -0.7 84.68 100 289K 265K 83.72
Current.
TDS 08/02 FlyPlat 83.79 -0.7 77.46 82.38 289K 265K 83.88
Current.
TIBX 09/29 DB hdl 8.75 -0.22 8.85 10.65 9.8M 3.5M 8.67
Current.
VRNT 09/04 Dbl btm 37.99 +0.16 33.58 38.36 204K 216K 37.55
Target Hit.
WCN 09/11 Test BO 31.05 -0.47 30.69 34.22 398K 350K 30.97
Current.
WITS 09/25 Test BO 17.11 +0.15 16.94 19.87 506K 543K 16.28
Current.
WYNN 09/18 Cup hdl 53.29 +2.31 45.38 53 1.9M 558K 51.38
Current.
YHOO 10/01 Cup hdl 34.91 -0.12 34.85 41 21M 30M 33.88
Current.
YHOO 09/02 Cup 34.91 -0.12 32.48 36 21M 25M 33.97
Current.
ZBRA 08/25 Dbl btm 60 -0.32 56.45 60 423K 425K 59.88
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ACDO 09/30 Put 23.98 +0.3 23.55 21.55 1M 1.1M 24.04
Current.
ALTR 09/25 Put 20.35 +0.09 19 17.38 8.7M 10M 19.44
Exited.
CGNX 09/30 Put 27.43 +0.11 26.55 23.88 771K 750K 27.48
Buy Not Hit.
CHKP 09/22 Put 18.26 -0.15 17.87 16.35 4.3M 3.5M 17.38
Exited.
CX 10/02 Put 29.2 +0.65 28.41 27.15 1.6M 950K 28.67
Buy Not Hit.
EYE 09/22 Put 21.2 +0.2 19.98 17.78 244K 485K 20.48
Exited.
JCP 09/18 Put 36.53 +1.15 35.97 34.15 4.6M 3M 35.55
Exited.
KCP 09/27 Put 27.68 +0.03 28.75 27 330K 126K 27.88
Trailing Stop.
UVN 09/27 Put 31.7 -0.11 31.31 29.54 1.1M 1.5M 31.65
Current.
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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