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trade stock, stock recommendation
Begin part 2 of 3
THE PLAYS
Good movers Tuesday: AMMD; CYT; NXTP; SMDI; VMSI
NEW PLAYS:
Upside:
Play Date: 12/21/2004
ARRY (Array Biopharma--$9.16; +0.51; optionable): Medical labs
http://biz.yahoo.com/p/a/arry.html
After Hours: $9.18
STATUS: Cup w/handle. Excellent volume the past two weeks as ARRY moved off the 50 day EMA (8.13), moving toward the breakout from its 8 month base sporting strong 9 to 5 accumulation (9 up price weeks on rising volume to 5 down price weeks on rising volume). That accumulation shows net buyers, good old supply and demand. Now the demand is taking over as volume rallies and ARRY moves to the breakout. Strong money flow is leading higher, and ARRY looks ready to follow. Want continuing solid trade on the move through the buy point.
Volume: 372.207K Avg Volume: 139.727K
BUY POINT: $9.57 Volume=375K Target=$11.55 Stop=$8.97
POSITION: AUQ EB - May $10c (45 delta) &/or Stock
http://www.investmenthouse.com/ct/arry.html
CONTINUING PLAYS:
Not yet entered:
Play Date: 12/16/2004
PRFT (Perficient--$6.69; +0.29; no options): Business software services
http://biz.yahoo.com/p/p/prft.html
STATUS: Breakout test. Volume was up Tuesday, moving back above average after a two session lull, as PRFT rallied off the 10 day EMA (6.33). Looks ready to resume the breakout move from its 8 month cup with handle base. Money flow is surging ahead of price and the stock is starting to follow.
Volume: 243.666K Avg Volume: 168.59K
BUY POINT: $6.74 Volume=236K Target=$8.21 Stop=$6.27
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/prft.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 63.69 +0.97 66.68 76 19M 15M 64.75
Current.
AAPL 12/09 Test 18 63.69 +0.97 65.52 76 19M 15M 62.05
Current.
ACPW 12/06 Test BO 4.6 -0.01 4.72 6.11 179K 207K 4.55
Buy Not Issued.
AMMD 12/18 DB hdl 41.87 +1.25 41.74 49.25 331K 450K 39.64
Entered today.
ARBA 11/11 Test BO 16.56 +0.26 14.55 18.35 1M 835K 16.12
Current.
ARBA 10/11 Cup 16.56 +0.26 10.78 13.45 1M 835K 16.12
Current.
AVID 11/08 DB hdl 60.96 +0.65 55.55 63.55 366K 800K 57.96
Current.
AVO 11/06 Dbl btm 41.8 +0.46 42.35 50.48 554K 665K 42.44
Current.
BIIB 12/08 Flat 65.92 +0.08 65.12 75 2.5M 4.5M 64.28
Current.
BOOM 12/20 Test 18 12.91 -0.61 13.65 16.72 1.1M 1M 12.69
Buy Not Issued.
BWLD 12/13 Cup hdl 34.9 -0.03 35.95 43 71K 261K 35.75
Current.
CENT 12/15 Cup hdl 40.95 +0.04 41.12 50.15 65K 160K 39.45
Current.
CERN 12/13 Test BO 52.53 +0.35 53.48 60.55 203K 565K 51.89
Current.
COHR 12/15 DB hdl 30.75 -0.62 32.42 39 183K 200K 30.72
Buy Not Hit.
CRGN 12/18 Cup hdl 7.11 +0.04 7.78 9.45 272K 542K 7.22
Buy Not Hit.
CSTR 12/15 Test 50 25.55 +0.2 26.88 32.25 225K 350K 25.65
Buy Not Hit.
CYT 12/20 Cup hdl 51.1 +1.28 50.84 58.78 535K 560K 49.08
Entered today.
DUSA 11/16 Flat 13.81 +0.18 12.88 15.35 39K 208K 13.38
Current.
ECL 12/06 FlyPlat 34.63 +0.07 35.55 40.38 687K 1.2M 34.65
Buy Not Hit.
EMR 11/18 FlyPlat 70.44 +0.79 68.78 78 1.1M 1.4M 68.55
Current.
EXTR 11/06 Cup 6.38 +0.11 6.68 8.68 2.2M 2.5M 6.65
Current.
FLR 11/12 Dbl btm 53.36 +0.35 47.35 54.72 375K 750K 53.22
Current.
FRGO 11/20 Test BO 14.46 +0.01 14.88 17.85 68K 125K 14.61
Exited.
GENZ 11/22 Cup hdl 55.76 -0.88 57.45 63.75 7.2M 3.2M 55.32
Current.
GOOG 12/18 Pennant 183.75 -1.27 185.85 214 5.5M 12M 177.55
Current.
HOLL 11/06 Cup hdl 4.65 -0.06 4.09 5.09 91K 175K 4.41
Current.
HPOL 12/07 Test 20 7.75 +0.1 7.62 9.18 156K 400K 7.65
Current.
IDXC 12/01 Test BO 34.75 +0.25 36.35 42 54K 130K 34.77
Buy Not Issued.
IMDC 12/20 Cup hdl 63.46 +0.81 63.59 73.65 223K 572K 61.55
Buy Not Hit.
KMRT 08/18 Dbl btm 100.45 +2.05 80.22 92 1.5M 3.6M 105
Current.
KOOL 12/18 Cup hdl 6.18 +0.13 6.54 7.89 153K 350K 6.15
Buy Not Hit.
MIPS 11/11 Test BO 9.54 -0.14 8.67 10.41 935K 347K 8.98
Current.
MNDO 12/13 Cup hdl 5.47 +0.08 5.48 7 128K 366K 5.25
Current.
MNST 12/13 Rv H&S 32.57 +0.46 30.98 37.38 2.1M 2.1M 31.25
Current.
MTSN 12/02 Cup 11.26 +0.01 11.15 13.75 419K 500K 10.65
Current.
NCR 10/23 Test BO 69 +0.4 54.05 62.35 697K 725K 67.24
Current.
NGEN 12/20 Test BO 6.91 -0.36 7.65 9.35 1.9M 2.4M 7.15
Buy Not Hit.
NXTP 12/09 Test 50 19.1 +0.36 18.58 23.35 2.3M 2M 18.42
Current.
PRFT 12/16 Test BO 6.69 +0.29 6.74 8.21 244K 236K 6.27
Buy Not Issued.
SGMS 12/11 Asc Tri 23.7 +0.06 24.18 29 518K 1.1M 23.38
Current.
SMDI 12/20 Cup 6.36 +0.26 6.12 7.71 1.4M 250K 5.71
Current.
STGS 11/29 Cup hdl 39.56 +0.7 41.25 49.25 101K 320K 39.77
Current.
STK 11/30 DB hdl 31.11 -0.17 29.92 35.54 545K 1.4M 30.34
Current.
TKR 12/08 Test BO 26.9 +0.39 26.69 31.85 202K 580K 25.78
Current.
VMSI 11/03 Test BO 64.32 +2.93 55.05 61 229K 150K 59.54
VNWK 12/16 Cup hdl 3.49 -0.14 3.95 4.88 160K 202K 3.67
Buy Not Hit.
WMS 12/02 Rv H&S 32.29 +1.14 31.65 37.45 354K 945K 30.39
Current.
WYNN 12/11 Cup 66.85 -1.79 64.55 75 2.9M 1.5M 68.32
YUM 10/12 Test BO 46.5 +0.15 42.89 48 1.5M 1.2M 45.69
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ANN 12/20 Put 21.15 +0.55 20.45 18 1.2M 1.6M 21.12
Buy Not Hit.
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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