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stock recommendation, stock market report
Begin part 2 of 2
THE PLAYS
Good movers Thursday: Many. ASKJ; AVID; CRXL; JUPM, etc.
NEW PLAYS:
Upside:
Play Date: 10/21/2004
HHH (Internet Hldrs Trust--$62.65; +2.96; optionable)
http://biz.yahoo.com/p/h/hhh.html
STATUS: Cup w/handle. Volume surged Thursday as HHH got some big help from EBAY, breaking it out from a 15 week base sporting strong 5 to 2 accumulation (5 up weeks on rising volume to 2 down price weeks on rising volume). That shows net buyers of the shares during the base. Relative strength broke out as well, a good corroboration of the breakout move.
Volume: 1.131M Avg Volume: 431.652K
BUY POINT: $62.95 Volume=647K Target=$70 Stop=$61.88
POSITION: HHH AL - Jan. $60c (74 delta)
http://www.investmenthouse.com/ct/hhh.html
Play Date: 10/21/2004
PFCB (PF Changs--$49.57; +0.57; optionable): Restaurants
http://biz.yahoo.com/p/p/pfcb.html
STATUS: Cup w/handle. A major mover from 99 to 2003, PFCB has spent the past year basing. The past seven months it has formed the current base sporting strong 10 to 6 accumulation. It has formed the handle this month, moving laterally over the 18 day EMA (48.31). Some solid volume spikes the past week indicate that PFCB is preparing for the move. Money flow is surging higher ahead of price. We expect price to follow and are just waiting for a move through the buy point on volume.
Volume: 378.881K Avg Volume: 508.727K
BUY POINT: $50.04 Volume=763K Target=$56.45 Stop=$48.88
POSITION: HUO AJ - Jan. $50c (50 delta)
http://www.investmenthouse.com/ct/pfcb.html
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
AGYS 10/20 Test 50 16.89 -0.05 17.12 20.49 289K 400K 16.65
Buy Not Issued.
ARBA 10/11 Cup 10.82 +0.63 10.78 13.45 578K 835K 10.12
Entered today.
ASKJ 10/14 DB hdl 36.95 +2.35 36.25 42.88 5.3M 6M 34.97
Current.
AVID 10/13 DB hdl 49.75 +1.58 49.54 54.55 914K 744K 48.38
Entered today.
AXP 10/16 DB hdl 52.29 +0.18 53.55 60 3.1M 4.9M 51.12
Buy Not Hit.
BABY 10/07 Test BO 7.4 +0.14 7.38 9 36K 450K 7.18
Current.
BEIQ 10/20 Test BO 29.24 +0.74 29.22 34.55 28K 150K 28.25
Buy Not Hit.
BSTE 10/16 Test 50 50.5 +1.22 50.38 56.65 207K 460K 47.97
Current.
CAND 10/09 Test BO 4.51 -0.09 4.48 5.47 144K 275K 4.25
Current.
CDIS 10/16 Test BO 37 +0.08 37.18 43.12 445K 640K 35.62
Current.
CHT 10/07 DB hdl 18.26 +0.26 18.14 22 216K 306K 17.66
Buy Not Issued.
CMTL 10/13 DB hdl 27.35 +0.11 28.12 34 145K 404K 27.05
Buy Not Issued.
CMVT 10/21 DB hdl 20.75 +1.12 20.76 25 5.5M 3.8M 19.87
Entered today. Had looked @ this one back in September, kept an eye
on it, & when it broke out of the double bottom Thursday
we issued the alert to buy.
CRXL 09/29 Pennant 9.66 +0.36 8.42 10.09 453K 175K 9.28
Current.
EENC 10/11 BO 16.85 +0.08 16.34 19.58 319K 212K 15.97
Current.
EMR 10/02 Cup 62.61 +0.57 64.34 74 1.2M 1.9M 63.15
Buy Not Hit.
ENWV 10/05 Test BO 15.83 +0.24 13.69 16.68 229K 300K 14.38
Current.
FDS 10/06 Cup hdl 49.01 +0.26 50.78 58 178K 335K 49.05
Current.
HMX 10/18 Cup 7.95 -0.04 8.09 9.75 96K 150K 7.52
Buy Not Issued.
HRS 09/27 Test BO 58.9 +1.41 54.88 60 1M 600K 56.97
Current.
JUPM 09/29 BO 21.74 +1.78 19.79 23.42 1M 550K 19.97
Current.
KMRT 08/18 Dbl btm 91.04 +0.73 80.22 92 1.4M 3.6M 88.72
Current.
KOOL 10/02 Cup 5.15 +0.07 5.11 6.49 319K 200K 4.89
Entered today.
LEH 10/13 DB hdl 78.72 +0.42 82.12 90 2M 3.2M 80.32
Buy Not Hit.
MHR 10/20 Test BO 12.47 +0.07 12.62 15 834K 1.2M 12.05
Buy Not Hit.
MVSN 10/05 Asc Bse 26.46 +1.17 25.65 29.95 653K 677K 25.21
Current.
NOVN 10/18 Cup 23.51 -0.96 23.67 28.28 423K 200K 23.38
Current.
NXTP 10/05 Test BO 17.36 +0.27 16.86 20.44 1.7M 2M 16.54
Current.
PLAB 10/20 Test 20 17.75 +0.27 18.05 22 442K 750K 16.99
Buy Not Issued.
PLMD 10/12 BO 33.24 +0.42 32.84 37.78 222K 250K 31.96
Current.
PLT 10/18 Test BO 45.85 +0.91 46.72 53.75 760K 500K 45.45
Buy Not Issued.
PRAA 10/16 Cup hdl 34.09 -0.41 34.68 40.85 297K 188K 32.98
Current.
QCOM 09/02 FlyPlat 44.08 +0.67 38.82 45 11M 11M 41.65
Current.
RAE 10/14 Asc Tri 6.46 -0.02 6.43 7.75 466K 524K 6.08
Current.
RSTI 10/16 Cup hdl 29.96 -0.47 31.02 37.75 87K 200K 29.78
Buy Not Hit.
SAPE 10/04 Test 50 9.24 +0.09 8.61 10.35 1.2M 1.6M 8.75
Current.
SGMS 10/06 Cup hdl 19.65 +0.51 20.12 24 412K 650K 19.05
Buy Not Hit.
SMH 10/20 Flat 31.91 +0.86 31.34 34 40M 28M 30.88
Entered today.
SNDA 10/11 Test BO 29.88 -0.29 31.32 36.85 814K 1.2M 31.78
Current.
SYNA 10/02 DB hdl 26.81 +1.77 22.89 27 951K 702K 25.68
Current.
TIBX 09/29 DB hdl 9.49 +0.28 8.85 10.65 4.2M 3.5M 8.98
Current.
TZOO 10/11 Test 18 60.97 -0.03 62.82 80 2.4M 2.9M 59.38
Current.
VION 10/19 Cup hdl 4.68 +0.18 4.85 6 508K 700K 4.51
Buy Not Hit.
VNT 10/09 Test BO 22 -0.22 23.12 27 216K 298K 22.42
Buy Not Issued.
VRNT 10/19 Test BO 38.77 -0.19 37.63 42.66 185K 135K 37.72
Current.
VTIV 10/18 DB hdl 17.16 -0.23 18.12 21.75 154K 357K 16.98
Buy Not Issued.
WITS 09/25 Test BO 16.65 -0.28 16.94 19.87 455K 543K 15.94
Current.
YHOO 10/01 Cup hdl 35.7 +1.21 34.85 41 27M 30M 34.25
Current.
YHOO 09/02 Cup 35.7 +1.21 32.48 36 27M 25M 34.25
Current.
YUM 10/12 Test BO 43.5 +0.02 42.89 48 1.8M 1.2M 41.62
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
CGNX 09/30 Put 25.98 +1.67 26.55 23.88 1M 750K 24.92
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 market report
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