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us stock market, stock recommendation
Begin part 2 of 2
THE PLAYS
Good Movers: CHTT; ULTI; FAST; LF; MHP
NEW PLAYS:
Upside:
Play Date: 03/31/2005
WGII (Washington Group--$44.99; +0.03; optionable): Technical services
http://biz.yahoo.com/p/w/wgii.html
After Hours: $45.01
STATUS: Breakout test. WGII broke out from a 9 month cup with handle in November and has run well up the 50 day EMA (42.85) since. It jumped last week on strong volume and then has faded this week to the 10 day EMA (44.65) on lower volume It has held at this level and with surging money flow we are looking for another run from here.
Volume: 786.858K Avg Volume: 317.59K
BUY POINT: $45.35 Volume=475K Target=$49.75 Stop=$44.55
POSITION: QUG II - Sept. $45c (57 delta)
http://www.investmenthouse.com/ct/wgii.html
Downside:
Play Date: 03/31/2005
JILL (J. Jill Group--$13.76; +0.47; optionable): Catalog and mail order houses
http://biz.yahoo.com/p/j/jill.html
After Hours: $13.76
STATUS: Put. JILL peaked in June and has trended lower since, bouncing down the 50 day EMA (13.96). It gapped sharply lower three weeks back on strong volume, and has fought its way back to the 50 day on low, below average volume. Still under heavy distribution and we anticipate that it is going to turn back over here. A move down to the buy point nets us a 44%ish gain.
Volume: 283.434K Avg Volume: 427.818K
BUY POINT: $13.54 Volume=425K Target=$12.25 Stop=$13.98
POSITION: JUI QC - May $15p (-70 delta)
http://www.investmenthouse.com/ct/jill.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
AFFX 03/23 Flat 42.81 -0.44 44.32 52 1.2M 1.5M 42.12
Current.
AGYS 03/12 Test BO 19.66 +0.05 19.65 23 148K 310K 19.52
Current.
ALTI 03/09 Test BO 3.57 -0.32 4.28 5.35 4M 9.3M 4.18
Exited.
ANF 03/25 Test 50 57.24 +0.74 56.14 62.98 1.1M 2M 55.22
Current.
ANTP 03/23 Test 50 29.2 +0.9 24.71 29.88 4.4M 1.2M 29.45
Target Hit.
AYE 03/14 Test BO 20.66 +0.43 20.69 24.45 1.7M 850K 20.22
Entered today.
BOL 03/23 Asc Tri 73.3 -1.4 75.05 82 560K 700K 73.22
Buy Not Hit.
CAKE 02/26 Test BO 35.45 -0.8 34.92 39 826K 650K 35.55
Trailing Stop.
CERN 03/23 Asc Tri 52.51 -0.31 53.03 57.55 290K 554K 51.39
Current.
CHTT 03/16 Test 50 44.47 +1.08 37.85 42.48 394K 238K 42.65
Current.
CMCSA 03/07 Cup hdl 33.78 -0.52 34.18 38.44 11M 10M 33.68
Current.
CNTY 03/28 DB hdl 9.07 -0.09 9.41 11.29 61K 156K 8.75
Buy Not Hit.
COHR 02/26 DB hdl 33.76 -0.24 31.45 37 229K 238K 32.55
Current.
CYT 03/22 Asc Tri 54.25 +0.74 53.42 59.55 351K 490K 51.78
Current.
EEFT 03/25 DB hdl 28.55 +0.41 27.24 32 527K 350K 25.88
Buy Not Issued.
EFD 03/30 Cup 22.32 -0.04 23.65 27.75 422K 323K 22.15
Buy Not Hit.
HCR 03/30 Cup hdl 36.36 +0.26 36.24 41.45 637K 750K 35.05
Buy Not Issued.
HNT 03/21 Test BO 32.71 +0.43 32.45 36.95 814K 1M 31.21
Buy Not Hit.
HTRN 03/16 Cup hdl 10.76 -0.16 11.25 13.55 176K 373K 11.28
Current.
INFY 02/11 Rv H&S 73.73 +0.73 74.05 85 399K 1.1M 74.54
Current.
MATR 03/30 Cup hdl 30.71 +0.45 30.64 36.85 160K 353K 29.11
Buy Not Issued.
MRVL 03/21 Test 50 38.34 +0.45 38.19 43.22 3.3M 4M 36.48
Current.
NCS 03/11 Test BO 38.6 +0.31 40.05 46 127K 200K 38.88
Current.
PKD 03/17 Test BO 5.75 +0.14 5.95 7.15 402K 879K 5.61
Buy Not Issued.
PNRA 03/14 FlyPlat 56.53 -1.44 57.26 62.88 907K 1.2M 56.32
Current.
PPG 03/28 Test 50 71.52 +0.52 71.88 77 632K 1.1M 70.48
Buy Not Hit.
RMD 03/25 Test 50 56.4 -0.01 57.21 64.35 145K 300K 55.75
Buy Not Issued.
SIE 03/12 Test 18 63.84 -0.1 62.87 69.95 336K 400K 61.67
Current.
SYXI 03/14 Cup hdl 11.44 +0.22 11.05 13 385K 378K 10.89
TDY 03/17 Test 50 31.3 -0.69 31.65 38 215K 290K 30.61
Buy Not Issued.
TLWT 03/19 Flat 17.79 +0.11 17.35 20.82 2M 1.4M 16.88
Current.
TTEC 03/05 Cup hdl 12.92 -0.04 12.77 15.45 399K 450K 12.38
Current.
ULTI 03/14 DB hdl 15.98 +0.74 14.97 17.45 202K 160K 14.75
Current.
WIND 03/12 Test BO 15.08 +0.05 15.32 18 849K 900K 14.55
Buy Not Issued.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AV 03/28 Put 11.68 +0.1 11.91 11 5.3M 4.5M 11.65
Current.
FAST 03/28 Put 55.3 -0.48 55.54 53.55 641K 500K 55.98
Current.
HP 03/29 Put 39.69 +1.44 37.21 35.18 612K 610K 38.55
Exited.
LF 03/25 Put 11.35 -0.55 11.32 9.94 614K 650K 11.55
Entered today.
MFE 02/19 Put 22.56 +0.05 23.68 22 2.3M 3.5M 22.68
Current.
MHP 03/15 Put 87.25 -0.64 87.98 85.97 1M 1.1M 86.48
Current.
RRC 03/29 Put 23.36 +0.51 22.27 20.71 1.1M 700K 23.19
Current.
SLM 03/25 Put 49.84 -0.1 48.93 46.88 1.3M 2M 49.77
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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