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stock recommendation, stock market report
Begin part 2 of 2
Next full report issues Wednesday.
THE PLAYS
Good movers: ASTM; BGC; CASY; CDIS; DO; DVN; IDIX; IVGN; JEC; PPD; SOSA; TXN; WFR; XTO
NEW PLAYS:
Upside:
Play Date: 07/05/2005
EPAY (Bottomline Technologies--$15.58; +0.37; optionable): Electronic payments systems for banks, etc.
http://biz.yahoo.com/p/e/epay.html
STATUS: Cup w/handle. Nice volume has returned to the stock the past two weeks as it rallied to finish the right side of its 6.5 month base. It has come back to test that move and form the handle, holding at the 50 day EMA (14.18). It has rebounded on stronger trade. Strong 6 to 3 accumulation (6 up price weeks on rising volume to 3 down price weeks on rising volume) has set the foundation for the breakout and rally. Used the 200 day SMA (12.65) as support on the lows of the base. Ready to breakout and move to a 4 year high. Solid money flow and relative strength ready to breakout, a good support for the stock.
Volume: 218.118K Avg Volume: 103.506K
BUY POINT: $16.11 Volume=225K Target=$19 Stop=$15.08
POSITION: EEU JW - Oct. $15c (68 delta) &/or Stock
http://www.investmenthouse.com/ct/epay.html
Play Date: 07/05/2005
INFY (Infosys Technologies--$76.44; -0.03; optionable): Custom software applications in North America, Europe, Asia-Pacific.
http://biz.yahoo.com/p/i/infy.html
After Hours: $76.50
STATUS: Breakout test. Nice low volume pullback the past few sessions after a nice volume break higher a week back, taking INFY out of its 18 week reverse head and shoulders pattern. Strong money flow is leading higher ahead of price and relative strength broke out on the move. Nice test and looking for that volume to return as it continues higher.
Volume: 600.597K Avg Volume: 841.356K
BUY POINT: $77.68 Volume=1.3M Target=$88.94 Stop=$75.46
POSITION: IUN JP - Oct. $80c (51 delta) &/or Stock
http://www.investmenthouse.com/ct/infy.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
ADEX 06/28 Test BO 29.03 +0.56 28.72 34.35 550K 288K 27.12
Buy Not Hit.
AMX 06/27 Cup hdl 60.08 +0.53 61.13 69.85 1.1M 2.5M 58.82
Current.
ASTM 06/22 Cup hdl 3.4 +0.13 3.12 4.11 5.6M 5.9M 3.25
Current.
ATAC 06/27 DB hdl 17.9 +0.47 17.62 20.58 86K 229K 16.89
Buy Not Issued.
BGC 06/28 Rv H&S 15.49 +0.61 15.41 18.25 274K 555K 14.65
Entered today.
CASY 06/20 Test BO 20.68 +1.05 20.52 23.78 218K 250K 19.84
Current.
CDIS 06/27 Test BO 54.94 +2.56 53.69 60 615K 800K 52.11
Entered today.
CHT 06/22 DB hdl 21.74 -0.16 21.89 25.42 372K 472K 21.05
Current.
DO 06/29 Test BO 56.5 +2.12 54.22 64 1.6M 2.2M 53.97
Current.
DO 06/10 Cup hdl 56.5 +2.12 51.38 60 1.6M 3M 53.97
Current.
DOVP 06/22 Cup hdl 19.02 +0.35 19.05 22.75 86K 377K 17.72
Buy Not Issued.
DVN 06/13 DB hdl 54.07 +1.37 49.78 56.96 2.9M 4.5M 53.94
Current.
GET 06/22 Cup hdl 47 +0.43 44.02 49.92 222K 256K 45.44
Current.
GIGM 07/02 Cup hdl 2.42 +0.12 2.47 3.05 1.6M 1M 2.32
Buy Not Hit.
GLW 05/21 Test BO 16.81 -0.08 15.23 18.22 5.9M 14M 16.36
Current.
GSIC 06/13 Cup hdl 17.49 +0.33 17.81 21.25 219K 500K 16.65
Buy Not Issued.
ICON 06/08 Cup hdl 6.6 -0.02 6.38 7.68 345K 300K 6.42
Current.
IDIX 06/30 Test BO 22.77 +1.78 22.92 27 129K 157K 21.49
Entered today.
ILMN 04/30 DB hdl 12.28 -0.02 10.48 12.32 220K 400K 11.81
Current.
INGR 05/10 Asc Tri 34.83 +0.24 30.64 34.45 339K 276K 33.95
Current.
IRIS 07/01 Test BO 18.05 +0.06 18.55 22.25 106K 500K 17.48
Buy Not Hit.
ITG 06/29 Test BO 21.2 +0.4 21.22 24.45 289K 375K 20.55
Buy Not Issued.
IVGN 06/23 PreSplt 84.9 +1.32 81.58 91.75 592K 1.1M 82.44
Current.
JEC 06/11 Rv H&S 57.59 +1.14 56.75 63 267K 474K 55.38
Current.
KOMG 06/30 Test 50 28.33 +0.05 28.75 34.45 692K 1.2M 27.75
Buy Not Hit.
KOSP 05/02 DB hdl 69.11 +2.54 50.55 58.95 659K 1.2M 63
Current.
LCAV 05/18 FlyPlat 49.83 +1.58 41.85 47 941K 656K 47.37
Current.
MDRX 06/17 Test BO 17.14 +0.14 16.79 19.94 377K 850K 16.15
Current.
NSM 06/04 Cup hdl 22.53 +0.24 21.63 25.88 6.1M 6.1M 21.55
Current.
NTES 06/21 Test BO 55.72 -1.34 61.15 70 841K 1.1M 56.48
Exited.
NTES 06/07 Test BO 55.72 -1.34 56.53 65.89 841K 1.1M 56.48
Exited.
ORCC 06/27 Cup hdl 11.17 +0.06 11.48 13.75 120K 330K 11.05
Buy Not Issued.
PLLL 06/25 Cup hdl 8.95 +0.18 9.07 10.75 410K 490K 8.49
Buy Not Issued.
PPD 06/29 Test BO 48.55 +3.75 44.72 51.88 305K 165K 46.12
Gapped higher and kept on running on strong volume.
PUMP 06/25 Dbl btm 21.12 +0.35 20.84 23.94 147K 238K 20.24
Current.
SMTS 06/17 Test BO 22.6 +0.92 22.32 26.15 135K 150K 21.32
Current.
SOSA 06/09 Cup hdl 9.5 +0.3 8.51 10.22 670K 831K 9.22
Current.
THQI 07/01 Test BO 29.8 +0.57 30.18 36 413K 970K 28.89
Buy Not Hit.
TLWT 04/30 Test 50 22.57 -0.15 18.61 22.42 470K 1.5M 22.22
Current.
TXN 06/29 Asc Bse 28.94 +0.91 28.87 33.44 11M 18M 27.69
Entered today.
UNH 06/17 Asc Bse 53.23 +0.42 52.77 59.35 4.4M 5M 51.45
Current.
UNWR 06/15 Cup hdl 6 +0.01 5.48 6.72 641K 1M 5.55
Current.
USPI 05/21 Asc Tri 52.6 +0.67 48.25 54.25 241K 428K 51.05
Current.
WFR 05/28 Cup hdl 16.41 +0.59 15.17 17.89 2.1M 2.6M 15.58
Current.
XTO 07/01 Cup hdl 36.73 +1.5 36.47 42.32 3.7M 4.7M 35.45
Entered today.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
FDX 06/30 Put 83 +0.76 81.88 78.54 2.5M 2.7M 83.15
Buy Not Hit.
IDXC 06/25 Put 30.96 +0.63 29.94 28.42 153K 300K 30.38
Buy Not Issued. The stock has not made the move we were looking for so will drop.
IFF 07/02 Put 35.88 -0.42 36.18 34.68 415K 445K 36.72
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
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