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stock recommendation, stock option
Begin part 2 of 2
THE PLAYS
Good movers Thursday: AAPL; MIPS; WYNN
NEW PLAYS:
Upside:
Play Date: 12/16/2004
PRFT (Perficient--$6.65; +0.34; no options): Business software
http://biz.yahoo.com/p/p/prft.html
After Hours: $6.60
STATUS: Breakout test. Volume is surging as PRFT continues the breakout move. An excellent 9 month cup with handle base set up the late October blast higher to 6.50. It moved laterally for two weeks on lower volume and then started rallying again Thursday on that strong shot of volume. Excellent 10 to 3 accumulation in the base set up the breakout and this run. This is the first test of the move, and one of our favorite entry points. Looking to move in on a further volume move higher through the buy point.
Volume: 425.234K Avg Volume: 157.318K
BUY POINT: $6.74 Volume=236K Target=$8.21 Stop=$6.27
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/prft.html
Play Date: 12/16/2004
VNWK (Visual Networks--$3.70; -0.10; no options): Business software
http://biz.yahoo.com/p/v/vnwk.html
STATUS: Cup w/handle. A very nice, low volume handle is forming above the 10 day EMA (3.63) as VNWK pulls back to consolidate a nice move in December to finish forming the right side of its 9.5 month base. Solid 10 to 7 accumulation shows net buyers during the base, setting up the breakout move. Nicely formed base after VNWK has come off the bottom of its long base. It is nowhere near an all-time high, but the passage of time has eliminated a lot of that overhead supply along with solid bases such as the current one. Looking for volume to surge as VNWK moves through the buy point. Volume was back above Thursday as it held the 10 day and showed a doji. Getting ready.
Volume: 185.21K Avg Volume: 134.439K
BUY POINT: $3.95 Volume=202K Target=$4.88 Stop=$3.67
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/vnwk.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
AAPL 12/16 Test BO 66.59 +1.33 66.68 76 20M 15M 64.75
Entered today.
AAPL 12/09 Test 18 66.59 +1.33 65.52 76 20M 15M 62.05
Current.
ACPW 12/06 Test BO 4.55 -0.05 4.72 6.11 199K 207K 4.55
Buy Not Issued.
ARBA 11/11 Test BO 16.75 -0.4 14.55 18.35 682K 835K 15.89
Current.
ARBA 10/11 Cup 16.75 -0.4 10.78 13.45 682K 835K 15.89
Current.
AUDC 11/23 Cup hdl 15.43 -0.28 15.88 18.95 331K 600K 14.88
Current.
AVID 11/08 DB hdl 59.42 -0.23 55.55 63.55 427K 800K 56.89
Current.
AVO 11/06 Dbl btm 41.9 -0.33 42.35 50.48 610K 665K 42.44
Current.
BIIB 12/08 Flat 65.89 +0.98 65.12 75 3.4M 4.5M 63.44
Current.
BWLD 12/13 Cup hdl 35.29 -0.14 35.95 43 51K 261K 35.75
Current.
CENT 12/15 Cup hdl 40.73 +0.13 41.12 50.15 157K 160K 38.78
Entered today.
CERN 12/13 Test BO 53.59 +0.41 53.48 60.55 398K 565K 51.38
Current.
CHKP 12/06 Cup hdl 24.81 -0.95 25.22 30 2.8M 5M 24.05
Buy Not Issued.
CHT 10/07 DB hdl 20.55 -0.16 18.87 22.65 228K 306K 20.32
Current.
COHR 12/15 DB hdl 31.43 -0.84 32.42 39 124K 200K 30.72
Buy Not Hit.
COSI 11/08 Cup hdl 6.25 -0.03 6.28 7.75 57K 154K 6.12
Current.
CSTR 12/15 Test 50 25.83 -0.33 26.88 32.25 240K 350K 25.65
Buy Not Hit.
DRIV 11/15 Test BO 40.68 -1.62 38.65 45.72 695K 1.3M 41.22
Current.
DUSA 11/16 Flat 13.39 -0.39 12.88 15.35 108K 208K 13.38
Current.
ECL 12/06 FlyPlat 34.65 -0.14 35.55 40.38 582K 1.2M 34.65
Buy Not Hit.
EFJI 12/13 DB hdl 8.1 -0.15 8.55 10.35 188K 178K 7.95
Buy Not Issued.
EMR 11/18 FlyPlat 70.03 +0.23 68.78 78 1.2M 1.4M 67.58
Current.
EXTR 11/06 Cup 6.46 -0.08 6.68 8.68 1.8M 2.5M 6.65
Current.
EYET 12/11 Cup hdl 45.65 +1.33 44.38 52 1.9M 1.5M 42.58
Buy Not Issued.
FLR 11/12 Dbl btm 53.21 -0.77 47.35 54.72 483K 750K 53.22
Current.
FRGO 11/20 Test BO 15.02 +0.12 14.88 17.85 38K 125K 14.38
Current.
GENZ 11/22 Cup hdl 55.59 +0.13 56.88 63 1.7M 3.2M 55.25
Buy Not Issued.
HOLL 11/06 Cup hdl 4.47 -0.03 4.09 5.09 82K 175K 4.29
Current.
HPOL 12/07 Test 20 7.8 +0.09 7.62 9.18 378K 400K 7.35
Current.
IDXC 12/01 Test BO 35.01 -0.39 36.35 42 62K 130K 34.77
Buy Not Issued.
INOD 12/01 FlyPlat 8.8 +0.1 7.45 8.95 292K 200K 8.55
Current.
ISSX 10/23 Cup hdl 23.41 -0.72 20.11 24 789K 1.3M 24.04
Trailing Stop.
IWOV 12/06 Cup 10.78 -0.47 11.18 13.38 444K 500K 10.44
Current.
KMRT 08/18 Dbl btm 101.27 -2 80.22 92 928K 3.6M 105
Current.
MIPS 11/11 Test BO 9.4 +0.2 8.67 10.41 697K 347K 8.68
Current.
MNDO 12/13 Cup hdl 5.51 -0.15 5.48 7 123K 366K 5.11
Current.
MNST 12/13 Rv H&S 32.6 -0.43 30.98 37.38 3.1M 2.1M 31.25
Current.
MTSN 12/02 Cup 11.3 -0.29 11.15 13.75 316K 500K 10.65
Current.
NCR 10/23 Test BO 69.49 -0.4 54.05 62.35 679K 725K 65.55
Current.
NGEN 12/08 Test 20 7.06 -0.32 6.55 8.11 2.7M 2.6M 7.45
Trailing Stop.
NTGR 11/16 Cup 18 -0.5 16.41 20 684K 1.2M 17.05
Current.
NXTP 12/09 Test 50 18.96 +0.27 18.58 23.35 5.7M 2M 18.21
Current.
OPWV 12/02 Cup hdl 15.51 -0.6 13.99 16.85 2.8M 2.1M 14.89
Current.
PKI 12/14 Rv H&S 22.69 -0.2 22.88 27.45 872K 1.1M 21.96
Current.
SEPR 12/15 Flat 55.3 +4.85 51.42 59.89 18M 2.8M 48.78
Buy Not Issued. Gapped higher on news that FDA approved its insomnea
drug. It was one of those gaps and then spend the day
selling back sessions. Will look for more testing &
then move in when the rebound begins.
SGMS 12/11 Asc Tri 23.94 -0.11 24.18 29 952K 1.1M 23.38
Current.
SNDA 12/06 Test 18 38.75 -1.03 42.72 52 966K 1.8M 40.12
Current.
SNDA 10/11 Test BO 38.75 -1.03 31.32 36.85 966K 1.2M 40.12
Current.
STGS 11/29 Cup hdl 39.43 +0.08 41.25 49.25 121K 320K 39.77
Current.
STK 11/30 DB hdl 31.58 +0.07 29.92 35.54 1.2M 1.4M 29.98
Current.
TKR 12/08 Test BO 27 -0.14 26.69 31.85 278K 580K 25.78
Current.
VISG 12/13 Cup 7.92 -0.29 9.12 10.98 1.2M 1.3M 8.65
Buy Not Hit.
VMSI 11/03 Test BO 60.56 +0.17 55.05 61 57K 150K 59.54
WITS 12/04 Cup 15.4 -1.14 17.84 21.55 1.3M 553K 16.92
Exited.
WMS 12/02 Rv H&S 31.46 -0.06 31.65 37.45 238K 945K 30.39
Current.
WYNN 12/11 Cup 69.79 +3.16 64.55 75 5.8M 1.5M 68.32
YUM 10/12 Test BO 46.31 +0.07 42.89 48 920K 1.2M 45.44
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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stock recommendation
stock option
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