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stock recommendation, stock market report
Begin part 2 of 2
THE PLAYS
Good movers Thursday: EFJI; GOOG; HELE; JUPM; NGEN; SNDA
NEW PLAYS:
Upside:
Play Date: 12/30/2004
EMC (EMC Corp.--$14.82; +0.18; optionable): PC data storage devices
http://biz.yahoo.com/p/e/emc.html
STATUS: Cup w/handle. Gapped up Thursday, rising to the top of the 4 week handle to its nicely formed 12 month base. Solid 13 to 10 accumulation (13 up price weeks on rising volume to 10 down price weeks on rising volume) shows net buyers in the base. The best base off of the bottom of its long decline. Looks ready for the breakout but may wait until Monday to deliver.
Volume: 10.491M Avg Volume: 12.484M
BUY POINT: $15.01 Volume=18M Target=$18 Stop=$14.33
POSITION: EMC DP - Apr. $14c (75 delta) &/or Stock
http://www.investmenthouse.com/ct/emc.html
Play Date: 12/30/2004
MRCY (Mercury Computer Systems--$29.76; +0.24; optionable): Telecom equipment
http://biz.yahoo.com/p/m/mrcy.html
After Hours: $29.63
STATUS: Cup w/handle. Nice handle has formed this month, pulling back to the 50 day EMA (29.43) as support. Nicely formed base sporting strong 14 to 7 accumulation setting up the breakout. Excellent money flow is leading higher is leading higher. Excellent set up for the new year.
Volume: 67.993K Avg Volume: 184K
BUY POINT: $30.15 Volume=276K Target=$36 Stop=$29.28
POSITION: QYR EF - May $30c (54 delta) &/or Stock
http://www.investmenthouse.com/ct/mrcy.html
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
AAPL 12/16 Test BO 64.8 +0.36 66.68 76 6.2M 15M 64.75
Current. Moving up on lower, below average volume meeting some resistance at 64.91.
AAPL 12/09 Test 18 64.8 +0.36 65.52 76 6.2M 15M 62.05
Current.
ACPW 12/06 Test BO 4.68 -0.02 4.72 6.11 78K 207K 4.55
Buy Not Issued. Gapped up at the open to tap 4.75 at the intraday high, but then gave it back on low volume. Did not enter the play because volume was not there and stock spent session coming off the day's high.
AMMD 12/18 DB hdl 41.39 -0.03 41.74 49.25 88K 450K 41.48
Current. Beginning to make a lateral move along the 10 day MVA on very low volume. Should be ready to rebound from here.
ANT 12/29 Rv H&S 42.43 +0.28 42.52 48.55 245K 400K 40.88
Buy Not Issued. Volatile session tapping 43.16 at the intraday high, but gave back much of the move on rising, but below average volume. did not enter the play because of the volatility and low volume. Need to see a clear and decisive move.
ARBA 11/11 Test BO 16.99 +0.05 14.55 18.35 390K 835K 16.31
Current. Continue to move up the 10 day MVA on very low volume.
ARBA 10/11 Cup 16.99 +0.05 10.78 13.45 390K 835K 16.31
Current.
ARRY 12/21 Cup hdl 9.71 +0.04 9.57 11.55 306K 375K 8.97
Buy Not Issued. Tapped 10 at the intraday high, but gave it back showing a doji on stronger above average volume. did not enter the play because of the volatility and stock spent most of session coming off the day's high.
AVID 11/08 DB hdl 62.03 +0.6 55.55 63.55 213K 800K 60.32
Current. Gapped down to open below the 10 day MVA and rallied back on low volume. Holding at some resistance.
AVO 11/06 Dbl btm 41.42 -0.01 42.35 50.48 230K 665K 42.44
Current. Pullback holding just below the 18 day MVA on very low volume. Holding at some support. Should rebound from here.
BIIB 12/08 Flat 67.21 -0.71 65.12 75 1.2M 4.5M 65.48
Current. Pullback tapping 66.77 at the intraday on very low volume. May test back to the 10 day MVA (65.60)
BWLD 12/13 Cup hdl 35.28 +0.47 35.95 43 60K 261K 35.75
Current. Moving up on rising, but below average volume after testing the breakout.
CENT 12/15 Cup hdl 41.07 -0.1 41.12 50.15 56K 160K 39.64
Current. Gapped up at the open, but then gave it back on rising, but below average volume. In good shape.
CERN 12/13 Test BO 52.9 +0.02 53.48 60.55 166K 565K 52.12
Current. Making a lateral move on low volume along the 10 day MVA.
CPS 12/23 DB hdl 46.03 -0.02 45.35 51 94K 400K 45.43
Current. Pullback on very low volume. Still in uptrend.
CRGN 12/18 Cup hdl 6.92 -0.06 7.78 9.45 187K 542K 7.22
Buy Not Hit. Stock has not performed so will drop.
CSTR 12/15 Test 50 27.07 -0.12 27.03 32.48 177K 350K 26.04
Current. Pullback on below average volume. May test back to support at 26.80
CYT 12/20 Cup hdl 51.6 +0.28 50.84 58.78 117K 560K 49.89
Current. Continue with the uptrend on low volume. Came off the day's highof 51.95.
DUSA 11/16 Flat 14.27 +0.03 12.88 15.35 42K 208K 13.84
Current. Gapped up at the open, but gave much of it back testing the 10 day MVA intraday on very low volume. Meeting some resistance here.
ECL 12/06 FlyPlat 35.15 +0.15 35.55 40.38 325K 1.2M 34.65
Buy Not Hit. Still in the pattern.
EFJI 12/23 DB hdl 9.75 +0.49 9 10.85 164K 178K 8.89
Current. Tapped 9.10 at the intraday low and rallied back for a great move up the 10 day MVA breaking through resistance at 9.26 on stronger above average volume.
EMR 11/18 FlyPlat 70.23 +0.39 68.78 78 655K 1.4M 68.89
Current. Moving up the 10 day MVA on rising, but below average volume.
EXTR 11/06 Cup 6.54 +0.24 6.68 8.68 2.6M 2.5M 6.65
Current. Bounced off the 50 day MVA for a nice gain on stronger above average volume. Meeting some resistance at 6.63.
FFIV 12/27 FlyPlat 48.93 +0.25 48.95 56.55 469K 1.2M 46.72
Buy Not Issued. Tapped 49.79 at the intraday high, but gave some of it back on very low volume. Did not enter the play today. Need to see a clear and decisive move with strong volume.
GENZ 11/22 Cup hdl 57.97 -0.19 57.45 63.75 815K 3.2M 56.14
Current. Pullback on low volume. May test back to 57.53.
GOOG 12/18 Pennant 197.6 +4.7 185.85 214 5.9M 12M 193.88
Current. Nice move up out of the lateral move on rising, but still below average volume. Broke through some resistance at 196.
GPN 12/22 Test 50 58.65 -0.24 56.79 66 144K 400K 57.12
HELE 12/22 DB hdl 34 +0.61 33.54 38.95 130K 430K 31.69
Current. Tapped 32.90 at the intraday low and rallied back for a nice gain on rising, but below average volume.
HOLL 11/06 Cup hdl 4.71 -0.23 4.09 5.09 84K 175K 4.75
Current. Volatile session testing the 18 day MVA intraday and rallied back on rising, but below average volume. May continue to test back to the 18 day MVA
HOLX 12/22 Test BO 27.55 -0.43 28.48 33.98 100K 250K 27.24
Current. Tapped 28.50 at the intraday high, but gave it back holding the 10 day MVA on lower, below average volume. May test back to next level of support at 27.36.
HPOL 12/07 Test 20 8.01 -0.06 7.62 9.18 225K 400K 7.75
Current. Gapped up at the open, but then gave it back tapping 7.86 at the intraday low on lower, below average volume. Continue with the uptrend.
IDXC 12/01 Test BO 35 +0.07 36.35 42 49K 130K 34.77
Buy Not Issued. Moving up holding the 10 day MVA on low volume. Still in the pattern.
IMDC 12/20 Cup hdl 63.4 +0.08 63.59 73.65 86K 572K 61.55
Buy Not Hit. Tested the 10 day MVA intraday and rallied back on low volume. Still forming the handle. Will need to see more volume before we will enter the play.
JCOM 12/28 Cup hdl 35.1 -0.54 36.05 42.96 242K 600K 34.24
Current. Gapped up at the open, but then gave it back on lower, below average volume holding just above support at 34.89.
JUPM 12/27 Rv H&S 24 +0.75 21.76 25.98 761K 665K 20.89
Current. Continue to move up the 10 day MVA for a nice gain on lower, but still above average volume.
KMRT 08/18 Dbl btm 99.36 -0.58 80.22 92 794K 3.6M 105
Current. Pullback holding the simple 50 day MVA on rising, but below average volume. May test back to the 50 day MVA.
KOOL 12/18 Cup hdl 6.26 -0.08 6.54 7.89 110K 350K 6.15
Buy Not Hit. Pullback holding just above the 10 day MVA on lower, below average volume. Still forming the handle.
LIFC 12/28 DB hdl 10.48 -0.27 10.95 13.22 101K 300K 10.22
Buy Not Hit. Ease back on low volume holding at some support. Still in the pattern.
LRCX 12/29 Cup hdl 28.75 +0.4 29.42 34 1.1M 2.5M 27.89
Buy Not Hit. Gapped up at the open and continued to move up on lower, below average volume. Meeting some resistance at 29.40.
MIPS 11/11 Test BO 9.9 +0.07 8.67 10.41 157K 347K 9.44
Current. Continue with the uptrend on rising, but below average volume.
MNDO 12/13 Cup hdl 5.88 +0.06 5.48 7 300K 366K 5.32
Current. Continue with the uptrend on lower, but still strong volume.
MNST 12/13 Rv H&S 33.34 -0.49 30.98 37.38 913K 2.1M 31.97
Current. Pullback on rising, but below average volume. May test back to the 10 day MVA (32.90)
MRGE 12/27 Test BO 22.6 -0.17 21.78 25.95 40K 170K 22.48
Current. Gapped down on very low volume. Routine pullback.
MTSN 12/02 Cup 11.5 +0.06 11.15 13.75 105K 500K 10.65
Current. Continue to move up the 10 day MVA on low volume.
NCR 10/23 Test BO 69.1 -0.53 54.05 62.35 332K 725K 67.24
Current. Pullback holding the 10 day MVA on rising, but below average volume. Still in the pattern.
NEOL 12/22 Test BO 12.38 +0.01 13.12 16 201K 450K 12.32
Buy Not Hit. Still in the pattern.
NGEN 12/20 Test BO 7.52 +0.65 7.38 9.35 4.9M 2.4M 6.95
Entered today. Saw the good move coming as volume was up early so
moved into positions ahead of the buy point.
NTES 12/27 Cup hdl 53.94 +0.24 53.15 63 475K 1.2M 50.78
Buy Not Issued. Continue with low volume ascent. Looking for a pullback.
NXTP 12/09 Test 50 19.48 -0.1 18.58 23.35 1.6M 2M 18.72
Current. Pullback on rising, but below average volume. May test back to the 10 day MVA (19.35)
OSTK 12/27 Test 18 69.99 -0.2 72.48 85 561K 1.6M 69.44
Current. Pullback holding just above the 18 day MVA on lower, below average volume. May test back to support at 68.21.
PRFT 12/16 Test BO 6.52 +0.01 6.9 8.45 117K 236K 6.48
Current. Pullback on very low volume. Looking for a rebound from here.
SGMS 12/11 Asc Tri 23.95 -0.39 24.18 29 1.1M 1.1M 23.68
Current. Pullback holding just below the 10 day MVA on stronger above average volume. May test back to the 18 day MVA (23.84)
SMDI 12/20 Cup 6.58 -0.04 6.12 7.71 212K 250K 6.08
Current. Pullback on rising, but average volume. Still in uptrend.
SNDA 12/29 Flat 44.3 +1.1 44.25 52.78 1.6M 1.2M 42.48
Entered today. Tapped 42.77 at the intraday low and rallied back for a nice gain on above average volume.
STGS 11/29 Cup hdl 41.18 -0.32 41.25 49.25 72K 320K 41.33
Current. Gapped down showing a doji on very low volume. May tesat back to some support at 41.23
STK 12/27 Test BO 31.62 +0.25 31.68 37 418K 900K 30.77
Entered today. Bounced off the 10 day MVA on lower, below average volume. Came off the day's high of 31.73. Still in uptrend.
STK 11/30 DB hdl 31.62 +0.25 29.92 35.54 418K 1.4M 30.62
Current.
TKR 12/08 Test BO 26 -0.3 26.69 31.85 248K 580K 26.18
Current. Volatile session tapping 25.80 at the low and rallied back on lower, below average volume holding at some support. May test back to support at 25.77. Looking for a rebound from here.
VISG 12/29 Cup 9.13 -0.03 9.75 11.75 322K 1.3M 9.07
Buy Not Hit. Pullback on lower, below average volume. Still in the pattern.
WMS 12/02 Rv H&S 33.41 +0.01 31.65 37.45 82K 945K 31.72
Current. Beginning to make a lateral move on very low volume. 10 day MVA moving up to meet the stock.
WYNN 12/11 Cup 67.28 -0.11 68.48 78.75 477K 1.5M 66.35
Current. Pullback holding the 10 day MVA on low volume. Beginning to make a lateral move.
XXIA 12/29 Cup hdl 16.9 +0.02 16.84 20.25 1.8M 606K 15.94
Current. Gapped up at the open, but then gave some of it back on much lower, but still strong volume. Continue with the uptrend.
YUM 10/12 Test BO 47.17 +0.02 42.89 48 680K 1.2M 45.89
Current. Beginning to make a lateral move on low volume. 10 day MVA moving up to meet the stock.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ANN 12/20 Put 21.3 -0.02 20.98 18 702K 1.6M 21.32
Buy Not Issued. Gapped up at the open, but gave it back holding the 10 day MVA on lower, below average volume. Needs to break through support here.
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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