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us stock market, stock recommendation
Begin part 2 of 2
THE PLAYS
Good movers Tuesday: CHK; CRXL; ECL; MVSN; UVN
NEW PLAYS:
Upside:
Play Date: 10/05/2004
ENWV (Endwave--$12.97; +0.12; no options): Telecom equipment
http://biz.yahoo.com/p/e/enwv.html
After Hours: $12.78
STATUS: Test breakout. ENWV is in the first test of the breakout from its 22 week cup with handle base. It broke out in late August, rallying to 14 on the high. Excellent 11 to 4 accumulation in the pattern shows a lot of buying and set up the breakout. It has spent the past 5 weeks dipping back to the 18 day EMA (12.79). It has shown occasional volume spikes in the pullback; we call these 'get ready ' spikes. Volume shot higher Tuesday as the stock traded in a nice, tight range. Looks to be crouching ahead of the next shot higher.
Volume: 442.572K Avg Volume: 192.409K
BUY POINT: $13.45 Volume=300K Target=$16.38 Stop=$12.68
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/enwv.html
Play Date: 10/05/2004
NXTP (Nextel Partners--$16.56; -0.07; optionable): Telecom wireless communications
http://biz.yahoo.com/p/n/nxtp.html
STATUS: Breakout test. Last week NXTP exploded off the 200 day SMA (14.29) last week on some tremendous volume, building the right side of the 14 week base. It is now easing laterally and slightly lower toward the 10 day EMA (15.95) and looks to be forming a handle. Solid 6 to 4 accumulation in the base shows net buyers, and money flow is surging ahead of price. May take a couple of sessions to form the handle and then provide the breakout move.
Volume: 2.711M Avg Volume: 1.698M
BUY POINT: $16.88 Volume=2M Target=$20.25 Stop=$15.88
POSITION: KTU BW - Feb. $17.50c (43 delta) &/or Stock
http://www.investmenthouse.com/ct/nxtp.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
AMMD 09/30 Test BO 36.59 -0.26 36.04 42 157K 250K 35.65
Current.
AMMD 09/14 DB hdl 36.59 -0.26 33.64 38.25 157K 250K 35.65
Current.
AVO 10/02 Cup hdl 40.48 -0.49 41.06 48.68 301K 722K 39.98
Current.
BDX 09/13 Cup hdl 51.85 -0.65 52.68 57.88 1.2M 1.5M 51.97
Current.
CHK 09/25 Rv H&S 16.49 +0.29 16.08 19.15 3M 2.5M 15.55
Current.
CRXL 09/29 Pennant 9.18 +0.75 8.42 10.09 721K 175K 8.24
Current.
DGII 09/30 Cup hdl 12.01 -0.32 11.97 14.98 163K 206K 11.89
Current.
ECL 09/25 Cup hdl 32.27 +0.4 32.05 37 1.2M 952K 31.27
Current.
EMR 10/02 Cup 62.84 -1 64.34 74 1.3M 1.9M 63.15
Buy Not Hit.
EYET 10/04 Dbl btm 36.7 +0.2 36.82 43 307K 1.1M 35.95
Buy Not Hit.
FLS 09/16 Cup hdl 24.47 -0.34 24.44 28.48 121K 415K 23.62
Buy Not Issued.
GIVN 10/04 BO 42.15 +0.89 40.55 46.62 625K 366K 39.98
Buy Not Issued. Tried to continue the rally without a test, but was
selling back all afternoon. Will now see if it tests
back & gives us a better entry point.
HRS 09/27 Test BO 56.82 +0.49 54.88 60 340K 600K 55.08
Current.
JCOM 09/29 Cup 32.15 -1.05 32.25 37.65 1.2M 850K 32.25
Current.
JUPM 09/29 BO 17.99 -0.32 17.57 21 377K 550K 16.88
Buy Not Issued.
KMRT 08/18 Dbl btm 89.2 -1.33 80.22 92 1.3M 3.6M 88.68
Current.
KOOL 10/02 Cup 5.07 +0.02 5.11 6.49 110K 200K 4.89
Buy Not Hit.
LH 09/20 DB hdl 43.58 +0.16 43.59 49.68 562K 750K 42.98
Current.
LMT 08/23 DB hdl 56.52 -0.08 54.81 59.98 1.7M 2.8M 55.45
Current.
MVSN 10/05 Asc Bse 25.72 +1.37 25.65 29.95 876K 677K 24.72
Entered today. Excellent volume surge in a stagnant market session.
Will be ready to take more positions after a break
over 26 & a successful test.
NSS 09/30 Cup hdl 18.83 -0.07 18.72 22.55 247K 287K 17.54
Buy Not Issued.
OIS 09/15 Test BO 18.75 -0.17 18.05 21.21 298K 290K 18.43
Current.
OMC 09/28 Cup 73.8 -0.31 74.15 78.25 920K 1.3M 72.98
Current.
OPTV 09/27 Test BO 3.4 0 3.35 4.48 681K 525K 3.18
Current.
PPDI 10/04 Test BO 36.19 +0.05 36.55 42 287K 683K 35.66
Buy Not Hit.
QCOM 09/02 FlyPlat 41.19 +0.21 38.82 45 8.8M 11M 38.88
Current.
SAPE 10/04 Test 50 8.34 -0.14 8.62 10.35 1M 1.6M 8.28
Buy Not Hit.
SIMG 09/21 DB hdl 13.9 -0.53 13.29 15.98 2.2M 1.5M 13.98
Current.
STJ 09/22 Test 20 75.03 -0.5 72.78 76.85 848K 1.5M 74.98
Current.
SYNA 10/02 DB hdl 23.3 -0.13 22.89 27 483K 702K 22.28
Entered today.
TDS 09/24 FlyPlat 84.3 +0.51 84.68 100 154K 265K 83.72
Current.
TDS 08/02 FlyPlat 84.3 +0.51 77.46 82.38 154K 265K 83.88
Current.
TIBX 09/29 DB hdl 8.7 -0.05 8.85 10.65 3.2M 3.5M 8.67
Current.
VRNT 09/04 Dbl btm 37.5 -0.49 33.58 38.36 259K 216K 37.55
Current.
WCN 09/11 Test BO 30.99 -0.06 30.69 34.22 209K 350K 30.97
Current.
WITS 09/25 Test BO 17.02 -0.09 16.94 19.87 350K 543K 16.28
Current.
WYNN 09/18 Cup hdl 53.5 +0.21 45.38 53 819K 558K 52.12
Current.
YHOO 10/01 Cup hdl 34.96 +0.05 34.85 41 15M 30M 33.88
Current.
YHOO 09/02 Cup 34.96 +0.05 32.48 36 15M 25M 33.97
Current.
ZBRA 08/25 Dbl btm 59.1 -0.9 56.45 60 547K 425K 59.88
Trailing Stop.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ACDO 09/30 Put 24.15 +0.17 23.55 21.55 897K 1.1M 24.04
Current.
CGNX 09/30 Put 26.91 -0.52 26.55 23.88 420K 750K 27.48
Buy Not Hit.
CHKP 09/22 Put 18.34 +0.08 17.87 16.35 3.5M 3.5M 17.38
Exited.
CX 10/02 Put 29.05 -0.15 28.41 27.15 1.3M 950K 28.67
Buy Not Hit.
UVN 09/27 Put 31.35 -0.35 31.31 29.54 1.8M 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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