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stock recommendation, stock market report
Begin part 2 of 2
THE PLAYS
Good movers Tuesday: BIIB; CPS; CSTR; GENZ; HELE; JUPM; MRGE; SGMS; STGS; WYNN
NEW PLAYS:
Upside:
Play Date: 12/28/2004
LIFC (Lifecell--$10.65; +0.67; optionable): Biotechnology
http://biz.yahoo.com/p/l/lifc.html
After Hours: $10.66
STATUS: Double bottom w/handle. Volume jumped well above average Tuesday as LIFC rallied hard off the 50 day EMA (9.99), moving to the breakout from its 24 week base. The base formed over the 200 day SMA (9.51), a point where institutions step in to buy or sell it. They bought during this base, setting up the breakout. It is near an all-time high; a breakout will send it to a multiyear high where it has no resistance. A consistent performer and a very nice base setting up the next rally higher.
Volume: 597.827K Avg Volume: 299.5K
BUY POINT: $10.95 Volume=300K Target=$13.22 Stop=$10.22
POSITION: QKL CB - Mar. $10c (56 delta) &/or Stock
http://www.investmenthouse.com/ct/lifc.html
Play Date: 12/28/2004
JCOM (J2 Global Communications--$35.25; +0.71; optionable): Outsourced messaging and communications
http://biz.yahoo.com/p/j/jcom.html
After Hours: $35.20
STATUS: Cup w/handle. Taking another crack at JCOM as it has set up well once more, moving laterally the past 5 weeks over the 50 day EMA (32.84) on very low volume, forming the handle to its 15 month base. Accumulation in the base is a strong 15 to 8 (15 up price weeks on rising volume to 8 down price weeks on rising volume), showing solid net buying as the stock consolidated in the long base. It has bumped resistance just over 35 several times during this handle, probing the resistance. Volume started to climb the past three sessions, rising to just about average Tuesday; not bad for a very low volume market. Looking for a break above the recent resistance on solid volume to move into positions.
Volume: 484.539K Avg Volume: 533.454K
BUY POINT: $35.72 Volume=600K Target=$42.88 Stop=$33.88
POSITION: JQF CG - Mar. $35c (52 delta) &/or Stock
http://www.investmenthouse.com/ct/jcom.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 64.18 +1.02 66.68 76 11M 15M 64.75
Current.
AAPL 12/09 Test 18 64.18 +1.02 65.52 76 11M 15M 62.05
Current.
ACPW 12/06 Test BO 4.59 -0.08 4.72 6.11 103K 207K 4.55
Buy Not Issued.
AMMD 12/18 DB hdl 41.67 -0.67 41.74 49.25 411K 450K 41.48
Current.
ARBA 11/11 Test BO 16.82 +0.05 14.55 18.35 420K 835K 16.31
Current.
ARBA 10/11 Cup 16.82 +0.05 10.78 13.45 420K 835K 16.31
Current.
ARRY 12/21 Cup hdl 9.73 +0.31 9.57 11.55 143K 375K 8.97
Buy Not Issued.
AVID 11/08 DB hdl 61.99 -0.05 55.55 63.55 498K 800K 60.32
Current.
AVO 11/06 Dbl btm 41.63 +0.74 42.35 50.48 287K 665K 42.44
Current.
BIIB 12/08 Flat 67.86 +2.31 65.12 75 3.9M 4.5M 64.28
Current.
BOOM 12/20 Test 18 11.51 -0.18 13.65 16.72 269K 1M 12.69
Buy Not Issued.
BWLD 12/13 Cup hdl 34.94 +0.54 35.95 43 51K 261K 35.75
Current.
CENT 12/15 Cup hdl 41.28 +0.44 41.12 50.15 52K 160K 39.64
Current.
CERN 12/13 Test BO 53.17 +0.29 53.48 60.55 179K 565K 52.12
Current.
COHR 12/15 DB hdl 30.72 +0.86 32.42 39 154K 200K 30.72
Buy Not Hit.
CPS 12/23 DB hdl 46.34 +0.7 45.35 51 598K 400K 44.32
Current.
CRGN 12/18 Cup hdl 7.18 +0.07 7.78 9.45 154K 542K 7.22
Buy Not Hit.
CSTR 12/15 Test 50 27.06 +0.69 27.03 32.48 352K 350K 26.04
Entered today.
CYT 12/20 Cup hdl 51.73 +0.72 50.84 58.78 197K 560K 49.89
Current.
DUSA 11/16 Flat 14.23 -0.07 12.88 15.35 75K 208K 13.84
Current.
ECL 12/06 FlyPlat 35.13 +0.55 35.55 40.38 480K 1.2M 34.65
Buy Not Hit.
EFJI 12/23 DB hdl 9.25 -0.15 9 10.85 92K 178K 8.89
Current.
EMR 11/18 FlyPlat 69.8 +0.56 68.78 78 1.1M 1.4M 68.89
Current.
EXTR 11/06 Cup 6.23 +0.03 6.68 8.68 1.6M 2.5M 6.65
Current.
FFIV 12/27 FlyPlat 48.96 +1.63 48.95 56.55 740K 1.2M 46.72
Buy Not Issued.
GENZ 11/22 Cup hdl 57.53 +1.27 57.45 63.75 1.7M 3.2M 55.32
Current.
GOOG 12/18 Pennant 192.76 +0.85 185.85 214 4.1M 12M 183.48
Current.
GPN 12/22 Test 50 59.34 +1.14 56.79 66 265K 400K 57.12
HELE 12/22 DB hdl 33.48 +1.14 33.54 38.95 154K 430K 31.69
Entered today.
HOLL 11/06 Cup hdl 4.9 -0.05 4.09 5.09 82K 175K 4.75
Current.
HOLX 12/22 Test BO 28.62 +0.43 28.48 33.98 129K 250K 27.24
Entered today.
HPOL 12/07 Test 20 7.94 +0.17 7.62 9.18 161K 400K 7.65
Current.
IDXC 12/01 Test BO 35.15 +0.77 36.35 42 146K 130K 34.77
Buy Not Issued.
IMDC 12/20 Cup hdl 63.71 +0.49 63.59 73.65 180K 572K 61.55
Buy Not Hit.
JUPM 12/27 Rv H&S 23.49 +2.95 21.76 25.98 2.5M 665K 20.89
Entered today.
KMRT 08/18 Dbl btm 99.85 -0.27 80.22 92 612K 3.6M 105
Current.
KOOL 12/18 Cup hdl 6.31 +0.22 6.54 7.89 155K 350K 6.15
Buy Not Hit.
MIPS 11/11 Test BO 9.81 +0.09 8.67 10.41 136K 347K 9.44
Current.
MNDO 12/13 Cup hdl 5.51 0 5.48 7 104K 366K 5.32
Current.
MNST 12/13 Rv H&S 33.64 +0.22 30.98 37.38 1M 2.1M 31.97
Current.
MRGE 12/27 Test BO 23.14 +1.37 21.78 25.95 246K 170K 20.89
Current.
MTSN 12/02 Cup 11.15 +0.12 11.15 13.75 183K 500K 10.65
Current.
NCR 10/23 Test BO 69.51 +0.96 54.05 62.35 316K 725K 67.24
Current.
NEOL 12/22 Test BO 12.76 -0.01 13.12 16 120K 450K 12.32
Buy Not Hit.
NGEN 12/20 Test BO 6.85 -0.01 7.65 9.35 1M 2.4M 7.15
Buy Not Hit.
NTES 12/27 Cup hdl 53.27 +1.23 53.15 63 559K 1.2M 50.78
Buy Not Issued.
NXTP 12/09 Test 50 19.66 +0.11 18.58 23.35 1.6M 2M 18.72
Current.
OSTK 12/27 Test 18 72.36 +1.49 72.48 85 1.1M 1.6M 69.44
Entered today.
PRFT 12/16 Test BO 6.89 -0.07 6.9 8.45 429K 236K 6.48
Current.
SGMS 12/11 Asc Tri 24.55 +0.61 24.18 29 773K 1.1M 23.38
Current.
SMDI 12/20 Cup 6.55 +0.08 6.12 7.71 197K 250K 6.08
Current.
STGS 11/29 Cup hdl 42.03 +1.74 41.25 49.25 252K 320K 39.77
Current.
STK 12/27 Test BO 31.45 +0.2 31.62 37 419K 900K 30.58
Buy Not Hit.
STK 11/30 DB hdl 31.45 +0.2 29.92 35.54 419K 1.4M 30.62
Current.
TKR 12/08 Test BO 26.31 -0.09 26.69 31.85 278K 580K 26.18
Current.
VNWK 12/16 Cup hdl 3.54 +0.16 3.95 4.88 175K 202K 3.67
Buy Not Hit.
WMS 12/02 Rv H&S 33.3 +0.76 31.65 37.45 126K 945K 31.72
Current.
WYNN 12/11 Cup 68.41 +1.57 68.48 78.75 1M 1.5M 66.35
Entered today.
YUM 10/12 Test BO 47 +0.69 42.89 48 815K 1.2M 45.89
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ANN 12/20 Put 21.42 +0.19 20.98 18 525K 1.6M 21.32
Buy Not Issued.
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
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