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stock recommendation, stock pick
Begin part 2 of 2
THE PLAYS
Good movers Tuesday: BABY; EENC; GIVN; SAPE; SNDA
NEW PLAYS:
Upside:
Play Date: 10/12/2004
PLMD (Polymedica--$32.73; +1.02; optionable): Drugs
http://biz.yahoo.com/p/p/plmd.html
After Hours: $32.57
STATUS: Ascending triangle. PLMD is making the breakout move from its 12 month base formed mainly along the 50 day EMA (30.42). Accumulation in the base is a strong 13 to 6 (13 up price weeks on rising volume to 6 down price weeks on rising volume), setting the stage for the breakout and run as it shows net buyers during the base. Solid money flow and relative strength making a breakout as well. Looking to pick up some positions on a further move then some more on the breakout test.
Volume: 353.92K Avg Volume: 180.454K
BUY POINT: $32.88 Volume=250K Target=$37.78 Stop=$31.97
POSITION: PM CG - Mar. $35c (42 delta) &/or Stock
http://www.investmenthouse.com/ct/plmd.html
Play Date: 10/12/2004
YUM (Yum! Brands--$42.02; +0.67; optionable): Restaurants
http://biz.yahoo.com/p/y/yum.html
STATUS: Test breakout. YUM broke from an 18 week base in September, consolidated, then rallied to 42. It has spent the last week easing back to test that move, landing on the 18 day EMA (40.95) this week. Volume backed down until Tuesday when it jumped higher on a surge in solid, above average volume. Money flow is leading higher and relative strength is breaking out ahead of the stock's next move; bullish sign. Looking for a continued solid volume move higher to enter positions.
Volume: 1.304M Avg Volume: 1.053M
BUY POINT: $42.24 Volume=1.2M Target=$47.55 Stop=$41.05
POSITION: YUM AH - Jan. $40c (77 delta) &/or Stock
http://www.investmenthouse.com/ct/yum.html
CONTINUING PLAYS:
Upside:
MVSN: Looks ready for a new buy as it continues higher on this breakout move.
CONTINUING PLAY TABLE:
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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
ARBA 10/11 Cup 10.59 -0.04 10.78 13.45 609K 835K 10.32
Buy Not Hit.
BABY 10/07 Test BO 7.38 +0.32 7.38 9 500K 450K 6.95
Entered today.
BDX 09/13 Cup hdl 51.58 +0.67 52.68 57.88 518K 1.5M 50.58
Current.
CAND 10/09 Test BO 4.5 -0.01 4.48 5.47 103K 275K 4.25
Current.
CHK 09/25 Rv H&S 16.27 -0.23 16.08 19.15 3.3M 2.5M 16.22
Current.
CHT 10/07 DB hdl 18.46 -0.06 18.62 22 97K 306K 17.55
Buy Not Issued.
CRXL 09/29 Pennant 8.63 -0.18 8.42 10.09 215K 175K 8.24
Current.
DRS 10/11 Asc Bse 38.64 +0.25 39.34 45 214K 400K 38.18
Buy Not Hit.
ECL 09/25 Cup hdl 32.51 -0.1 32.05 37 814K 952K 32.19
Current.
EENC 10/11 BO 16.36 +0.81 16.34 19.58 1.6M 212K 15.74
Entered today.
EMR 10/02 Cup 63.07 +0.12 64.34 74 894K 1.9M 63.15
Buy Not Hit.
ENWV 10/05 Test BO 15 0 13.69 16.68 160K 300K 14.04
Current.
EYET 10/04 Dbl btm 36 +0.55 36.82 43 662K 1.1M 35.95
Buy Not Issued.
FDS 10/06 Cup hdl 49.99 -0.24 50.78 58 356K 335K 49.05
Current.
GIVN 10/04 BO 44.07 +1.87 43.25 48.94 920K 366K 41.44
Entered today.
GLDN 10/06 Dbl btm 30.1 -0.93 31.38 36.21 107K 106K 30.32
Current.
HRS 09/27 Test BO 58.09 +0.26 54.88 60 546K 600K 55.89
Current.
JUPM 09/29 BO 17.06 -0.9 17.57 21 456K 550K 16.88
Buy Not Issued.
KMRT 08/18 Dbl btm 86.98 -1.17 80.22 92 1.3M 3.6M 86.21
Current.
KOOL 10/02 Cup 5.04 -0.03 5.11 6.49 73K 200K 4.89
Buy Not Hit.
LMT 08/23 DB hdl 55.42 -0.08 54.81 59.98 1.4M 2.8M 55.25
Current.
MVSN 10/05 Asc Bse 26.35 +0.36 25.65 29.95 747K 677K 24.68
Current.
NSS 09/30 Cup hdl 17.45 +0.34 18.72 22.55 343K 287K 17.54
Buy Not Issued.
NXTP 10/05 Test BO 16.3 +0.07 16.88 20.25 1.9M 2M 15.88
Buy Not Hit.
OIS 09/15 Test BO 18.42 +0.1 18.05 21.21 261K 290K 18.43
Current.
OPTV 09/27 Test BO 3.12 +0.02 3.35 4.48 531K 525K 3.18
Current.
PPDI 10/04 Test BO 36.51 -0.08 36.55 42 322K 683K 35.66
Buy Not Issued.
PRXL 10/06 DB hdl 19.79 -0.2 20.54 24.48 255K 176K 20.12
Exited.
QCOM 09/02 FlyPlat 41.54 +0.33 38.82 45 9M 11M 38.88
Current.
SAPE 10/04 Test 50 8.87 +0.41 8.61 10.35 2.1M 1.6M 8.48
Entered today.
SGMS 10/06 Cup hdl 19.54 -0.03 20.12 24 270K 650K 19.05
Buy Not Hit.
SIMG 09/21 DB hdl 13.25 -0.07 13.29 15.98 1.1M 1.5M 13.98
Current.
SNDA 10/11 Test BO 32.81 +0.91 31.32 36.85 2M 1.2M 29.88
Current.
SWC 10/09 Dbl btm 14.51 -0.64 16.38 19.88 409K 750K 15.78
Buy Not Hit.
SYNA 10/02 DB hdl 22.9 -0.4 22.89 27 299K 702K 23.44
Current.
TDS 09/24 FlyPlat 82.31 -1.17 84.68 100 192K 265K 83.72
Current.
TDS 08/02 FlyPlat 82.31 -1.17 77.46 82.38 192K 265K 83.88
Current.
TIBX 09/29 DB hdl 8.7 -0.05 8.85 10.65 2M 3.5M 8.67
Current.
TZOO 10/11 Test 50 63.35 +6.47 57.95 76 6.4M 2.9M 56.48
Buy Not Issued. Big gap higher on the earnings news. Decided to wait for another test of the gap up with a reach toward the 18 day EMA (58.28) & pick it up on the rebound.
VMSI 10/06 Cup hdl 49.5 -0.57 52.08 59 93K 243K 50.25
Buy Not Hit.
VNT 10/09 Test BO 23.39 -0.07 23.41 27 245K 298K 22.58
Buy Not Issued.
VRNT 10/09 Test BO 36.18 +0.02 37.21 42.48 183K 135K 36.38
Buy Not Hit.
VRNT 09/04 Dbl btm 36.18 +0.02 33.58 38.36 183K 216K 36.55
Current.
WITS 09/25 Test BO 16.12 +0.05 16.94 19.87 174K 543K 15.94
Current.
WSTM 10/09 Test BO 3.18 -0.12 3.47 4.19 203K 251K 3.34
Buy Not Hit.
WYNN 09/18 Cup hdl 52.76 -0.57 45.38 53 802K 558K 52.12
Current.
YHOO 10/01 Cup hdl 34.23 +0.2 34.85 41 27M 30M 33.88
Current.
YHOO 09/02 Cup 34.23 +0.2 32.48 36 27M 25M 33.97
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ACDO 09/30 Put 23.65 -0.09 23.55 21.55 264K 1.1M 23.52
Current.
CGNX 09/30 Put 25.81 -0.07 26.55 23.88 225K 750K 26.04
UVN 09/27 Put 31.26 +0.38 31.31 29.54 728K 1.5M 30.98
Trailing Stop.
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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