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stock recommendation, stock option
Begin part 2 of 2
THE PLAYS
Good movers Thursday: ATCO; DDDC; ZICA; KDE
NEW PLAYS:
Upside:
Play Date: 02/03/2005
INNO (Innovo Group--$3.80; +0.30; no options): Textile manufacturing.
http://biz.yahoo.com/p/i/inno.html
After Hours: $3.83
STATUS: Test 18 day EMA. After a long downtrend, INNO bottomed last summer. It rallied to 3 in October and then slipped into an 11 week cup base sporting solid 3 to 0 accumulation. It broke out to start the year and then spent the second half of January testing the move, coming back to the 18 day EMA (3.41) on mostly lower volume. Thursday volume shot higher as INNO moved off the 18 day EMA. Money flow is screaming higher ahead of price, and we are looking for INNO to continue higher and follow the money.
Volume: 491.372K Avg Volume: 234.5K
BUY POINT: $3.93 Volume=325K Target=$5.09 Stop=$3.65
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/inno.html
Downside:
Play Date: 02/03/2005
UTSI (Utstarcom--$15.36; -0.96; optionable): Wireless telecom
http://biz.yahoo.com/p/u/utsi.html
After Hours: $15.13
STATUS: Put. UTSI is in a long downtrend below the 200 day SMA (21.26). It last tapped that level in early January before crashing lower. It has moved laterally the past 4 weeks, trying to break through the 10 day EMA (16.23). It failed, breaking lower through support at 16 on Thursday as volume jumped to well above average. Crappy money flow and under some serious distribution still.
Volume: 4.212M Avg Volume: 2.883M
BUY POINT: $15.24 Volume=2.9M Target=$14.05 Stop=$15.55
POSITION: UON OC - Mar. $15p (-40 delta)
http://www.investmenthouse.com/ct/utsi.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 77.81 -1.82 66.68 76 13M 15M 77.75
Current.
AAPL 12/09 Test 18 77.81 -1.82 65.52 76 13M 15M 77.75
Current.
AHG 01/19 Test BO 32.5 -0.6 32.65 38 444K 700K 32.05
Buy Not Issued.
APCS 01/15 Flat 12.92 +0.31 13.14 15.94 916K 2.5M 12.63
Current.
ARRY 12/21 Cup hdl 9.14 -0.05 9.35 11.55 168K 375K 8.91
Buy Not Issued.
ATCO 01/29 Test 50 11.33 +0.63 10.21 12.15 359K 215K 9.52
Current.
BDX 01/31 Test BO 59.43 +0.01 57.07 63 1.4M 1.1M 58.38
Current.
CCRT 01/08 Test BO 27.75 -0.34 27.44 41.45 55K 232K 26.98
CENT 12/15 Cup hdl 42.7 -0.33 41.12 50.15 64K 160K 41.31
Current.
CHS 01/25 Test 18 51.9 -1.2 50.88 55.55 2.4M 12M 50.77
Current.
CHT 01/08 FlyPlat 21.36 +0.29 21.78 25.25 453K 384K 20.97
Current.
CHTT 01/24 Cup 35.98 -0.02 36.28 40.55 157K 250K 34.72
Buy Not Issued.
CVC 02/02 Test BO 27.28 -0.66 28.07 33 1.3M 2M 27.19
Buy Not Hit.
CVNS 01/27 Test 50 14.16 -0.15 14.62 17.55 78K 146K 13.68
Buy Not Hit.
DDDC 01/15 Test BO 5.37 +0.14 4.06 5.35 1.3M 600K 5.08
Current.
DP 02/02 Test 50 53.5 +0.38 53.25 60 130K 150K 51.48
FFIV 01/25 Test 18 46.95 +0.24 48.32 55 1.2M 1.9M 46.32
Buy Not Issued.
FLSH 02/01 Cup hdl 21.06 +0.66 21.25 25 1.1M 1.2M 19.85
Buy Not Hit.
FSH 01/20 BO 62.83 +0.03 63.65 71 1.2M 1.5M 61.38
Buy Not Issued.
HUM 01/10 FlyPlat 34.25 -0.4 30.85 37 1.4M 1.9M 31.95
Current.
ILMN 01/24 Rv H&S 10.52 +0.06 9.72 11.68 275K 295K 9.98
Current.
JJZ 01/24 Asc Tri 10.52 -0.13 10.09 12 542K 400K 10.15
Current.
MER 01/29 Cup hdl 59.44 -0.82 59.96 64.92 4M 6M 58.28
Current.
NOVA 01/08 Test BO 7.06 +0.27 6.38 7.88 82K 176K 6.74
PT 01/26 Test BO 12.38 -0.1 12.48 14.98 81K 161K 11.97
Buy Not Issued.
TERN 01/22 Test BO 3.06 -0.03 3.08 3.94 487K 1.1M 2.86
Buy Not Issued.
TOO 01/12 Test BO 26.92 -0.05 27.05 32 524K 1M 26.05
Buy Not Issued.
TTEC 01/31 Test BO 10.97 -0.09 11.02 13.15 304K 600K 10.45
Current.
TXI 02/02 Asc Tri 64.28 +0.11 64.88 71.88 130K 400K 62.92
Buy Not Hit.
USNA 01/31 Cup hdl 37.94 0 36.34 42.88 363K 303K 36.05
Current.
VMSI 01/22 Test BO 68.6 +0.26 65.89 74.95 162K 172K 64.57
Buy Not Issued.
VNWK 01/12 Cup hdl 4.63 -0.03 4.13 5.18 208K 200K 4.18
Current.
WAG 01/29 Test 18 43.78 +0.13 43.22 47.38 2.3M 4M 42.05
Current.
WGAT 01/26 Test 50 4.2 -0.1 4.29 5.44 761K 1.5M 3.99
Current.
ZICA 02/03 Test 50 6.62 +1.21 6.41 7.68 1.5M 410K 5.96
Entered today. On our watchlist & it took off Thursday on tremendous volume after a nice test of a strong December gap and rally. Filled gap & tested 50 day & then blasted off Thursday.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
^OEX 01/26 H&S 568.21 -2.07 561.32 551.05 0 0 563.25
Current.
^SOX 01/19 Put 400.70 -5.13 390.6 375.55 114K 2.1M 389
Current.
BC 02/02 Put 46.51 +0.56 45.82 43.65 804K 914K 46.65
Buy Not Hit.
CNF 01/24 Put 46.72 -0.34 46.35 43.72 536K 600K 47.35
Buy Not Hit.
ETN 01/29 Put 67.8 +0.21 66.77 63.95 1.2M 1.3M 67.92
Buy Not Hit.
KDE 01/22 Put 18 -0.31 18.43 16.89 196K 185K 18.75
Current.
MFE 01/19 Put 25.4 -0.01 24.92 23.04 1.2M 3M 25.65
Current.
MVSN 01/31 Put 25.55 +0.67 23.22 21.65 497K 650K 23.79
Buy Not Hit.
OCR 02/02 Put 31.02 -0.35 30.88 28.88 577K 950K 31.55
Entered today.
SEBL 01/22 Put 8.66 -0.01 8.85 7.88 9.1M 10M 8.89
Current.
SLM 01/29 Put 50.78 -0.16 49.65 48.05 1.4M 1.8M 50.55
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
stock option
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