stock recommendation, stock pick

Begin part 2 of 2

THE PLAYS

Good movers Tuesday: AAPL; CHS; DDDC; FFIV; ILMN; SLM

NEW PLAYS:

Upside:

Play Date: 02/08/2005
AXCA (Axcan Pharma--$19.63; +0.26; optionable): Drugs
http://biz.yahoo.com/p/a/axca.html
STATUS: Cup w/handle. Volume jumped Tuesday as AXCA moved toward a breakout from the handle of its 7 month cup with handle base. A new issue in July 2001, this is the third nice base AXCA has formed. Positive accumulation in the pattern shows net buyers and is setting up the breakout. Looking for continued volume as it moves through the buy point and makes the breakout.
Volume: 312.402K Avg Volume: 185.09K
BUY POINT: $19.77 Volume=278K Target=$23.74 Stop=$18.87
POSITION: FQW EW - May $17.50c (81 delta) &/or Stock
http://www.investmenthouse.com/ct/axca.html

Play Date: 02/08/2005
URBN (Urban Outfitters--$44.22; -0.36; optionable): Teen apparel stores
http://biz.yahoo.com/p/u/urbn.html
After Hours: $43.70
STATUS: Double bottom. After a strong 19 month rally up the 50 day EMA (41.73) URBN needed a breather. This base is letting it catch its breath by weeding out the sellers and setting up the next break higher. A perennial market leader; it formed the base around the 50 day EMA (41.73), an important institutional support point where the big money comes in to pick up more positions. URBN has rallied back up to the 'hump' in the 11 week pattern. When it moves over that point on volume that will be our initial buy point.
Volume: 852.269K Avg Volume: 1.278M
BUY POINT: $45.42 Volume=1.9M Target=$55 Stop=$44.22
POSITION: URQ FI - June $45c (60 delta) &/or Stock
http://www.investmenthouse.com/ct/urbn.html

CONTINUING PLAY TABLE:

* * SPREADSHEET DOWNLOAD * * *

The following link is to a spreadsheet download of the continuing play table. It will allow subscribers to sort the data for your personal investment use. This is a service to our subscribers only, and no other use of the information is authorized. Simply click on the link, enter your username and password, and download the spreadsheet!

http://www.technicaltraders.com/ttr/table.php

You will need your password. If you need help click on this link and our automated system will email it to you immediately once you fill in your email address:

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 80.9 +1.96 66.68 76 16M 15M 77.75
Current.

AAPL 12/09 Test 18 80.9 +1.96 65.52 76 16M 15M 77.75
Current.

AHG 01/19 Test BO 33.19 -0.3 32.65 38 964K 700K 32.05
Buy Not Issued.

ANTP 02/07 Test 50 26.55 -5.15 31.88 39.95 1.7M 770K 28.11
Buy Not Hit.

APCS 01/15 Flat 12.81 -0.09 13.14 15.94 677K 2.5M 12.63
Current.

ARRY 12/21 Cup hdl 8.87 -0.37 9.65 11.88 399K 375K 8.97
Buy Not Issued.

ATCO 01/29 Test 50 11.27 +0.43 10.21 12.15 201K 215K 10.48
Current.

BDX 01/31 Test BO 59.4 -0.33 57.07 63 740K 1.1M 58.38
Current.

BSC 02/05 Test 50 102.96 +0.49 103.35 112 933K 1.2M 100.95
Buy Not Hit.

CCRT 01/08 Test BO 29.27 +0.67 27.44 41.45 199K 232K 27.35

CENT 12/15 Cup hdl 43.15 -0.43 41.12 50.15 85K 160K 41.65
Current.

CHS 01/25 Test 18 54.21 +1.26 50.88 55.55 1M 12M 50.77
Current.

CHT 01/08 FlyPlat 22.07 -0.05 21.78 25.25 518K 384K 21.38
Current.

CHTT 01/24 Cup 36.82 -0.02 36.79 40.95 191K 250K 35.68
Current.

CVC 02/02 Test BO 26.86 -0.26 28.07 33 965K 2M 27.19
Buy Not Hit.

CVNS 01/27 Test 50 13.71 -0.37 14.62 17.55 143K 146K 13.68
Buy Not Hit.

DDDC 01/15 Test BO 6.08 +0.89 4.06 5.35 3.2M 600K 5.08
Current.

DP 02/02 Test 50 53.46 -0.17 53.25 60 170K 150K 53.89

FFIV 01/25 Test 18 51.59 +4.25 49.29 56 2.7M 1.9M 46.28
Current.

FLSH 02/01 Cup hdl 22.82 -0.08 22.35 26 1.3M 1.2M 21.89
Current.

FSH 01/20 BO 64.75 +0.56 64 71.35 965K 1.5M 62.48
Current.

GET 02/05 Test 50 40.22 +0.09 40.89 47 214K 300K 39.47
Buy Not Hit.

GRMN 02/07 DB hdl 57.22 +0.98 58.05 68 856K 1.1M 55.42
Buy Not Hit.

ILMN 01/24 Rv H&S 11.14 +0.43 9.72 11.68 399K 295K 9.98
Current.

INNO 02/03 Test 18 4.2 -0.2 4.03 5.19 375K 325K 4.22
Current.

JJZ 01/24 Asc Tri 10.46 -0.39 10.09 12 995K 400K 10.46
Current.

LRCX 02/08 Dbl btm 29.85 +1.15 29.68 34 5.3M 3.5M 27.88
Entered today.

MER 01/29 Cup hdl 60.43 0 59.96 64.92 4.1M 6M 59.05
Current.

PRZ 02/07 Test 18 4.25 +0.02 4.34 5.25 766K 350K 4.04
Buy Not Issued.

PT 01/26 Test BO 12.41 +0.07 12.48 14.98 119K 161K 11.97
Buy Not Issued.

RDEN 02/08 Dbl btm 24.97 +0.57 25.19 30 588K 174K 23.74
Entered today.

TERN 01/22 Test BO 2.72 -0.16 3.12 3.98 1.3M 1.1M 2.96
Buy Not Issued. The stock has not performed so will drop.

TOO 01/12 Test BO 27.42 +0.5 27.05 32 450K 1M 26.05
Buy Not Issued.

TTEC 01/31 Test BO 11.73 +0.32 11.02 13.15 206K 600K 10.97
Current.

TXI 02/02 Asc Tri 64.41 -0.19 64.88 71.88 146K 400K 62.92
Buy Not Issued.

UBET 02/05 Cup hdl 5.38 -0.06 5.47 6.65 360K 440K 5.09
Current.

USM 02/07 Test 50 45.01 -0.84 46.26 50 71K 115K 45.48
Buy Not Hit.

USNA 01/31 Cup hdl 37.24 +0.29 36.34 42.88 510K 303K 36.38
Current.

VFC 02/05 Flat 59.09 +4.04 54.88 59.95 1.6M 751K 58.88

VMSI 01/22 Test BO 70.29 +0.38 65.89 74.95 235K 172K 68.55

VNWK 01/12 Cup hdl 4.5 -0.02 4.13 5.18 80K 200K 4.42
Current.

WAG 01/29 Test 18 43.66 +0.03 43.22 47.38 2.5M 4M 43.04
Current.

WGAT 01/26 Test 50 4.07 -0.37 4.29 5.44 700K 1.5M 3.99
Current.

ZICA 02/03 Test 50 6.3 0 6.41 7.68 246K 410K 6.07
Current.

Downside Plays

Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop

BC 02/02 Put 46.51 -0.64 46.55 43.88 585K 914K 47.35
Buy Not Issued.

CNF 01/24 Put 46.1 -0.28 46.22 43.58 625K 600K 47.02
Current.

KDE 01/22 Put 18.01 -0.15 18.43 16.89 151K 185K 18.46
Current.

MFE 01/19 Put 23.82 -2.14 24.92 23.04 9.9M 3M 25.65
Current.

OCR 02/02 Put 31.36 -0.09 30.88 28.88 578K 950K 31.55
Current.

SEBL 01/22 Put 8.86 +0.05 8.85 7.88 8.3M 10M 8.89
Current.

SLM 01/29 Put 47.84 -2.83 50.88 48.05 8.8M 1.8M 48.15
Target Hit.

UTSI 02/03 Put 14.92 -0.25 15.24 14.05 4M 2.9M 15.25

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.

stock recommendation
stock pick