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us stock market, stock recommendation
Begin part 2 of 2
THE PLAYS
Good Movers: CMCSA; AV; EEFT; MFE; MHP QCOM
NEW PLAYS:
Downside:
Play Date: 03/29/2005
HP (Helmerich & Payne--$37.76; -1.18; optionable): Oil and gas drilling, exploration
http://biz.yahoo.com/p/h/hp.html
STATUS: Put. Another oil and gas that peaked in February and early March, then fell hard to the 50 day EMA (37.87). Tried a bound this month but made a lower high and rolled back to the 50 day. Hanging around in a bad neighborhood and you get bad habits. Tuesday it gapped higher but then rolled over on rising, above average volume. It closed just below the 50 day and money flow is diving lower ahead of price. Looking for a further break through the 50 day to move in for downside positions. Looking for a 40%ish gain down to the target.
Volume: 616.2K Avg Volume: 545K
BUY POINT: $37.55 Volume=610K Target=$35.48 Stop=$38.41
POSITION: HP QH - May $40p (-65 delta)
http://www.investmenthouse.com/ct/hp.html
Play Date: 03/29/2005
RRC (Range Resources--$22.85; -0.84; optionable): Independent oil and gas
http://biz.yahoo.com/p/r/rrc.html
STATUS: Put. After a double top to end February and in mid-March and RRC is breaking through the 50 day EMA (23.14) on rising, above average volume. As with many energy stocks it is under pressure, but they have the ability to turn right back up after a hard fall. Looking to step in on a further move lower on continued solid downside trade. A move to the targets nets us a 50%ish gain.
Volume: 750.5K Avg Volume: 700K
BUY POINT: $22.74 Volume=700K Target=$21.22 Stop=$23.34
POSITION: RRC QX - May $22.50p (-45 delta)
http://www.investmenthouse.com/ct/rrc.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
AFFX 03/23 Flat 43.72 -0.93 44.32 52 1.3M 1.5M 42.12
Current.
AGYS 03/12 Test BO 19.5 -0.09 19.65 23 170K 310K 19.52
Current.
ALTI 03/09 Test BO 4.02 -0.07 4.28 5.35 1.5M 9.3M 4.18
Current.
ANF 03/25 Test 50 55.95 +1.1 56.14 62.98 2.1M 2M 55.22
Entered today.
ANTP 03/23 Test 50 23.94 -5.76 24.71 29.88 2.3M 1.2M 29.45
Current.
ATK 03/21 Test BO 71.26 -1.74 72.98 79 992K 400K 71.75
Current.
BOL 03/23 Asc Tri 72.44 -1.55 75.05 82 654K 700K 73.22
Buy Not Hit.
CAKE 02/26 Test BO 36.55 +0.54 34.92 39 1.5M 650K 35.55
Current.
CERN 03/23 Asc Tri 51.8 -0.85 53.03 57.55 515K 554K 51.39
Current.
CHTT 03/16 Test 50 43.4 +0.12 37.85 42.48 397K 238K 42.65
Current.
CMCSA 03/07 Cup hdl 34.3 +0.43 34.18 38.44 13M 10M 33.05
Current.
CNTY 03/28 DB hdl 9.07 -0.1 9.41 11.29 130K 156K 8.75
Buy Not Hit.
COGN 02/15 Cup hdl 41.08 -2.47 44.65 50.75 2.7M 1M 43.25
Exited.
COHR 02/26 DB hdl 33.41 +0.47 31.45 37 178K 238K 31.72
Current.
CSX 02/23 Cup hdl 41.14 -1.15 41.06 45.15 2.6M 1.1M 41.12
Trailing Stop.
CYT 03/22 Asc Tri 52.65 -0.87 53.42 59.55 448K 490K 51.78
Current.
EEFT 03/25 DB hdl 28.34 +1.54 27.24 32 1.1M 350K 25.88
GET 03/22 Test 50 40.27 -1.08 42.22 48 197K 300K 41.11
Buy Not Hit.
HNT 03/21 Test BO 31.74 +0.11 32.45 36.95 694K 1M 31.21
Buy Not Hit.
HOT 03/19 Asc Tri 57.57 -0.46 60.05 68 1.4M 2.3M 58.11
Buy Not Hit.
HTRN 03/16 Cup hdl 10.81 -0.18 11.25 13.55 158K 373K 11.28
Current.
INFY 02/11 Rv H&S 72.58 -2.02 74.05 85 337K 1.1M 74.54
Current.
JCOM 02/14 DB hdl 33.57 -6.68 39.45 46 12M 800K 39.42
Exited.
JOYG 03/16 Test BO 32.69 -3.31 36.55 42.45 2.3M 950K 35.27
Buy Not Issued.
KOMG 03/02 Cup hdl 20.14 -0.95 22.74 27.15 1.1M 600K 21.98
Exited.
MRVL 03/21 Test 50 36.83 -0.75 38.19 43.22 3M 4M 36.48
Current.
NCS 03/11 Test BO 38.2 -0.48 40.05 46 181K 200K 38.88
Current.
OTIV 02/26 DB hdl 12.68 -0.05 14.12 16.55 36K 174K 14.25
Exited.
PKD 03/17 Test BO 5.48 -0.26 5.95 7.15 432K 879K 5.61
Buy Not Issued.
PNRA 03/14 FlyPlat 58.34 -0.64 57.26 62.88 880K 1.2M 56.32
Current.
PPG 03/28 Test 50 69.46 -1.16 71.88 77 932K 1.1M 70.48
Buy Not Hit.
RMD 03/25 Test 50 56.7 -0.43 57.21 64.35 117K 300K 55.75
Buy Not Issued.
SIE 03/12 Test 18 62.5 -0.02 62.87 69.95 240K 400K 61.05
Current.
SYXI 03/14 Cup hdl 10.84 -0.33 11.05 13 232K 378K 10.49
Buy Not Issued.
TDY 03/17 Test 50 30.75 -0.8 31.65 38 149K 290K 30.61
Buy Not Issued.
TLWT 03/19 Flat 17.27 -0.07 17.35 20.82 2.7M 1.4M 16.48
Buy Not Hit.
TTEC 03/05 Cup hdl 12.68 -0.31 12.77 15.45 598K 450K 12.38
Current.
ULTI 03/14 DB hdl 14.84 -0.21 14.97 17.45 84K 160K 14.42
Current.
USNA 01/31 Cup hdl 50.83 +1.01 36.34 42.88 438K 303K 48.25
Current.
WIND 03/12 Test BO 14.53 -0.36 15.32 18 768K 900K 14.55
Buy Not Issued.
XXIA 02/09 Test BO 17.5 -0.72 18.97 22.25 369K 1.1M 17.95
Exited.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AV 03/28 Put 11.41 -0.68 11.91 11 8.7M 4.5M 11.65
Entered today.
FAST 03/28 Put 55.59 -0.28 55.54 53.55 662K 500K 55.98
Entered today.
LF 03/25 Put 11.9 +0.1 11.44 10.03 508K 650K 11.75
Buy Not Hit.
MFE 02/19 Put 22.48 -0.68 23.68 22 1.9M 3.5M 22.97
Current.
MHP 03/15 Put 86.06 -2.3 87.98 85.97 1.6M 1.1M 86.48
Target Hit.
QCOM 03/23 Put 35.75 -0.44 35.89 34 16M 17M 35.15
Current.
SLM 03/25 Put 49.59 +0.63 48.93 46.88 2.3M 2M 49.77
Current.
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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