|
|
us stock market, stock recommendation
Begin part 2 of 2
THE PLAYS
Good movers Tuesday: INNO; JNPR; SLM
NEW PLAYS:
Upside:
Play Date: 02/22/2005
MDR (McDermott Intl.--$18.70 +0.45; optionable): Oil and gas equipment and services
http://biz.yahoo.com/p/m/mdr.html
STATUS: Flat base. Volume shot higher Tuesday as MDR jumped off the 18 day EMA. After a solid breakout in October from a 9 month cup with handle base. It rallied up the 18 day EMA (18.21). It needed a breather and came back to test the 50 day EMA (17.67) in the current 6 week flat base. Strong stocks will test the 50 day after a breakout and strong run. Positive accumulation in the pattern shows net buying and has set up the next break higher. Relative strength is making the breakout, a good sign that the stock will follow.
Volume: 1.787M Avg Volume: 453.454K
BUY POINT: $19.06 Volume=680K Target=$23.25 Stop=$18.08
POSITION: MDR EW - May $17.50c (71 delta) &/or Stock
http://www.investmenthouse.com/ct/mdr.html
Downside:
Play Date: 02/22/2005
FLO (Flowers Foods--$28.99; -0.77; optionable): Processed and packaged goods
http://biz.yahoo.com/p/f/flo.html
STATUS: Put. Sold hard to start January and then made a low volume scratch back up to last week. It rolled over and has sold once more. FLO fell through the 50 day EMA (29.80) on strong volume. It has sold pretty hard and will give us a relief bounce at some point. Looking for a rebound some here to test toward the 50 day and then move in.
Volume: 254.9K Avg Volume: 161.59K
BUY POINT: Rebound toward 29.80. From Tuesday close, partial position at $28.88 Volume=185K Target=$27.35 Stop=$29.22
POSITION: FLO PF - Apr. $30p (-66 delta)
http://www.investmenthouse.com/ctlo.html
Play Date: 02/22/2005
ICF (Ishares Cohen & Steers--$127.68; -3.45; optionable): Financial services closed end fund.
http://biz.yahoo.com/p/i/icf.html
STATUS: Put. ICF is trying to form up a reverse head and shoulders base, but it has a long way to go to do that. We will be happy to take part in some of the selling as it tries to form up that base, however. It broke through the 50 day EMA (129.52) on strong volume Tuesday, and it can give us a nice gain with a relatively modest further fall. Looking to move in on further selling, grab a 50%ish or so gain, and then move on.
Volume: 380.1K Avg Volume: 129.658K
BUY POINT: $127.55 Volume=165K Target=$125 Stop=$128.15
POSITION: ICK OX - Mar. $128p (-50 delta)
http://www.investmenthouse.com/ct/icf.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 85.29 -1.52 66.68 76 22M 15M 84.25
Current.
AAPL 12/09 Test 18 85.29 -1.52 65.52 76 22M 15M 84.35
Current.
AFFX 02/19 FlyPlat 40.46 -0.77 42.65 50 984K 1.6M 40.68
Buy Not Hit.
APCS 01/15 Flat 12.56 -0.13 13.14 15.94 749K 2.5M 12.63
Current.
BAX 02/18 DB hdl 34.97 -0.45 35.46 42.25 2.5M 3M 34.38
Current.
BDX 01/31 Test BO 58.67 -0.03 57.07 63 1.6M 1.1M 58.05
Current.
CENT 12/15 Cup hdl 44.71 -0.18 41.12 50.15 176K 160K 43.89
Current.
CHTT 01/24 Cup 36.75 -0.72 36.79 40.95 124K 250K 37.11
Current.
COGN 02/15 Cup hdl 43.95 +0.03 44.11 50 669K 1M 42.65
Buy Not Issued.
CRYP 02/17 Asc Tri 28.27 +0.49 25.97 31.15 736K 274K 24.38
CVC 02/12 Test BO 28.05 +0.11 28.33 33.48 3.7M 2M 27.08
Entered today.
EPIC 02/14 DB hdl 15.2 +0.2 15.88 19 547K 848K 14.89
Buy Not Hit.
FFIV 01/25 Test 18 51.71 -0.17 49.29 56 1.2M 1.9M 51.22
Current.
FLSH 02/01 Cup hdl 23.35 -0.16 22.35 26 1.2M 1.2M 23.15
Trailing Stop.
GET 02/05 Test 50 42.55 -0.25 40.77 47 526K 300K 42.22
Current.
INFY 02/11 Rv H&S 72.24 -0.56 74.05 85 363K 1.1M 71.59
Current.
INNO 02/03 Test 18 4.7 +0.2 4.03 5.19 843K 325K 4.27
Current.
JCOM 02/14 DB hdl 37.33 -0.62 38.35 45 481K 800K 37.72
Buy Not Issued.
KRON 02/12 FlyPlat 53.23 -0.31 54.22 61.38 222K 316K 53.05
Buy Not Hit.
LRCX 02/08 Dbl btm 29.81 -0.21 29.68 34 3.8M 3.5M 29.48
Current.
MBT 02/12 Cup hdl 36.5 -0.38 37.55 44 1.2M 3.9M 35.89
Buy Not Issued.
MSCC 02/16 Cup hdl 16.39 -0.79 17.74 21.29 920K 1.1M 16.78
Buy Not Hit.
MTEX 02/14 Cup hdl 21.86 +0.02 22.74 27 195K 463K 21.89
Buy Not Hit.
NTAP 02/12 Test 50 30.46 -0.54 34.18 40.21 4.6M 8M 32.15
Current.
PIXR 02/09 Cup 87.85 -2.32 90.95 100 898K 1.2M 88.39
Exited.
PMTI 02/16 Flat 26.55 -0.56 28.22 33 940K 365K 26.24
Entered today.
PT 01/26 Test BO 12.36 +0.01 12.48 14.98 55K 161K 11.97
Buy Not Issued.
PTEN 02/10 BO 23.8 -0.25 21.92 24.95 4.9M 2.3M 23.68
Target Hit.
RDEN 02/08 Dbl btm 24.86 -0.64 25.19 30 116K 174K 25.38
Current.
STLD 02/19 BO 42.5 -0.01 42.92 50 2.4M 1.1M 40.08
Entered today.
TIWI 02/19 Test BO 14.78 0 15.11 18 610K 780K 14.32
Buy Not Hit.
TSO 02/16 Asc Tri 33.74 -0.64 34.93 40 1.3M 1.1M 33.21
Entered today.
TTEC 01/31 Test BO 10.71 -0.49 11.02 13.15 318K 600K 10.97
Exited.
UBET 02/05 Cup hdl 5.15 -0.21 5.47 6.65 214K 440K 5.25
Exited.
URBN 02/08 Dbl btm 41.1 -1.83 45.42 55 967K 1.9M 44.22
Buy Not Hit.
USNA 01/31 Cup hdl 41.76 -0.83 36.34 42.88 257K 303K 41.55
Current.
VMSI 01/22 Test BO 69.51 -0.42 65.89 74.95 152K 172K 69.05
VRNT 02/16 DB hdl 39.12 +0.04 40.52 46.48 310K 208K 38.89
Buy Not Hit.
XXIA 02/09 Test BO 17.86 +0.11 18.97 22.25 799K 1.1M 17.07
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
CCMP 02/17 Put 32.06 -0.57 32.35 30.15 627K 875K 33.05
Buy Not Issued.
JNPR 02/17 Put 21.45 -0.5 22.28 21 9.3M 9M 22.31
Current.
MFE 02/19 Put 24.21 -0.18 24.22 22.18 1.9M 3.5M 24.78
Buy Not Issued.
SLM 02/19 Put 46.4 -1.52 47.68 45.55 4.8M 1.8M 47.05
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.
|
us stock market
stock recommendation
|
