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trade stock, stock recommendation
Begin part 2 of 2
Next full report issues Wednesday.
THE PLAYS
NEW PLAYS:
Upside:
Play Date: 07/12/2005
DTAS (Digitas Inc.--$11.83; +0.22; optionable): Internet services
http://biz.yahoo.com/p/d/dtas.html
After Hours: $11.26
STATUS: Breakout test. Volume is jumping as DTAS moves off of the 50 day EMA (11) test that followed the mid-June breakout from a 20 week saucer base sporting excellent 6 to 3 accumulation (6 up price weeks on rising volume to 3 down price weeks on rising volume). Excellent base that used the 50 day EMA (11) as support for the pattern. Strong money flow is running higher ahead of price, leading the way to the continued breakout run. Strong volume Tuesday, and want to see solid trade continue as the stock does as well.
Volume: 1.277M Avg Volume: 587.422K
BUY POINT: $11.96 Volume=881K Target=$13.75 Stop=$11.37
POSITION: DQB LB - Dec. $10c (64 delta) &/or Stock
http://www.investmenthouse.com/ct/dtas.html
Play Date: 07/12/2005
ILMN (Illumina--$12.46; +0.56; optionable): Biotechnology
http://biz.yahoo.com/p/i/ilmn.html
After Hours: $12.52
STATUS: Breakout test. Strong volume Tuesday as ILMN moved off the 18 day EMA (12) test after the early June breakout from its beautiful 18 week cup with handle base. Excellent volume spikes during the past four weeks as it moved laterally, testing the breakout. Money flow is shooting higher and it looks ready to follow it to a new 3 year high.
Volume: 652.332K Avg Volume: 326.761K
BUY POINT: $12.72 Volume=450K Target=$15.25 Stop=$11.98
POSITION: IQA LV - Dec. $12.50c (59 delta) &/or Stock
http://www.investmenthouse.com/ct/ilmn.html
CONTINUING PLAY TABLE:
* * SPREADSHEET DOWNLOAD * * *
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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
AMX 06/27 Cup hdl 61.32 +0.91 61.13 69.85 743K 2.5M 59.49
Current.
ASTM 06/22 Cup hdl 3.49 +0.12 3.12 4.11 4.5M 5.9M 3.25
Current.
BGC 06/28 Rv H&S 15.89 -0.11 15.41 18.25 211K 555K 15.48
Current.
BJS 07/06 Asc Tri 55.72 +0.49 55.08 61.72 1.6M 2.8M 53.25
Current.
BOOM 07/11 Flat 40.64 -3.36 44.55 53.55 6.5M 2.6M 40.38
Entered today.
BRCM 07/09 Cup hdl 38.05 +0.06 37.85 43.89 5.8M 11M 36.42
Buy Not Issued.
CCC 07/07 Flat 9.77 -0.13 9.88 11.35 311K 235K 9.47
Current.
CDIS 06/27 Test BO 56.92 +0.74 53.69 60 700K 800K 54.21
Current.
CHRW 07/11 Asc Tri 59.64 +0.19 59.69 67 752K 665K 57.78
Buy Not Issued.
DO 06/29 Test BO 55.77 +1.4 54.22 64 1.6M 2.2M 53.97
Current.
DO 06/10 Cup hdl 55.77 +1.4 51.38 60 1.6M 3M 53.97
Current.
DVN 06/13 DB hdl 55.25 +0.83 49.78 56.96 2.6M 4.5M 52.88
Current.
EPAY 07/05 Cup hdl 17.89 +0.18 16.41 19.31 398K 225K 17.11
Current.
FORM 07/09 Cup hdl 28.15 +0.44 28.25 32.75 247K 502K 26.82
Buy Not Issued.
GIGM 07/02 Cup hdl 2.52 0 2.49 3.07 1.1M 1M 2.51
Current.
GLW 05/21 Test BO 17.43 +0.23 15.23 18.22 10M 14M 16.48
Current.
GNSS 07/11 FlyPlat 20.08 -0.3 20.57 24.55 712K 1M 19.54
Buy Not Hit.
GSIC 06/13 Cup hdl 19.6 +1.42 18.17 21.62 576K 500K 17.29
Buy Not Issued.
ICON 06/08 Cup hdl 7.17 +0.08 6.38 7.68 158K 300K 7.02
Current.
IDIX 06/30 Test BO 23.12 -0.49 22.92 27 85K 157K 22.37
Current.
INFY 07/05 Test BO 72.5 -5.33 77.88 88.94 4.5M 1.3M 76.48
Exited.
INGR 05/10 Asc Tri 35.3 -0.46 30.64 34.45 493K 276K 34.28
Current.
IRIS 07/01 Test BO 17.92 -0.05 18.55 22.25 158K 500K 17.48
Buy Not Hit.
ITG 06/29 Test BO 23.19 +1.15 22.02 25.25 612K 375K 21.05
Current.
IVGN 06/23 PreSplt 83.88 -1.62 81.58 91.75 1.1M 1.1M 83.71
Trailing Stop.
KOMG 06/30 Test 50 32.32 -0.29 28.89 34.64 809K 1.2M 31.88
Current.
KOSP 05/02 DB hdl 70.84 -0.61 50.55 58.95 391K 1.2M 67.32
Current.
MDR 07/11 Asc Tri 22.76 +0.69 22.71 26.72 713K 1.3M 21.92
Entered today.
MDRX 06/17 Test BO 18.28 +1.31 16.79 19.94 3.1M 850K 16.45
Current.
MFE 07/11 Cup hdl 28.98 +0.27 28.88 33.21 2M 2.5M 27.44
Entered today.
MLHR 07/09 Cup hdl 31.65 +0.38 31.62 35.98 322K 523K 30.38
Buy Not Issued.
MRVL 07/06 Test BO 40.69 +0.46 40.11 45.35 3.1M 3.8M 38.74
Buy Not Issued.
MUR 07/07 Test BO 55.33 +0.33 55.42 60.55 693K 1M 53.03
Buy Not Issued.
NSM 06/04 Cup hdl 23.89 +0.06 21.63 25.88 4.9M 6.1M 22.42
Current.
NTGR 07/09 Test BO 20.7 +0.91 20.52 23.98 1.2M 1.4M 19.48
Entered today.
PLLL 06/25 Cup hdl 8.75 -0.1 9.13 10.84 280K 490K 8.72
Current.
PPD 06/29 Test BO 50.88 -0.72 44.72 51.88 88K 165K 50.88
PUMP 06/25 Dbl btm 20.75 -0.13 20.84 23.94 106K 238K 20.49
Current.
RATE 07/06 Cup hdl 22.03 +0.43 20.62 23.74 185K 219K 20.04
Current.
RTSX 07/09 Test BO 27.51 -0.5 28.45 33 108K 345K 26.78
Buy Not Issued.
SMTS 06/17 Test BO 24.48 -0.04 22.32 26.15 68K 150K 22.98
Current.
SOSA 06/09 Cup hdl 9.83 -0.17 8.51 10.22 1.1M 831K 9.62
Current.
THQI 07/01 Test BO 33.6 +0.82 31.88 37.78 1.4M 970K 31.39
Current.
TLWT 04/30 Test 50 22.55 -0.14 18.61 22.42 1.1M 1.5M 22.38
Current.
TXN 06/29 Asc Bse 30.59 -0.06 28.87 33.44 14M 18M 29.72
Current.
UNH 06/17 Asc Bse 51.78 -0.65 52.77 59.35 6.8M 5M 51.65
Current.
UNWR 06/15 Cup hdl 6.17 -0.03 5.48 6.72 13M 1M 5.92
Current.
USPI 05/21 Asc Tri 53.45 -2.4 48.25 54.25 547K 428K 53.32
Current.
WFR 05/28 Cup hdl 17.95 +0.35 15.17 17.89 2M 2.6M 17.32
Target Hit.
WIND 07/08 Rv H&S 17.15 -0.03 17.11 20.32 611K 1.3M 16.55
Current.
XTO 07/01 Cup hdl 37.42 +0.64 36.47 42.32 2.4M 4.7M 35.45
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
BSX 07/06 Put 27.86 -0.11 27.79 25.75 2.2M 5M 28.12
Buy Not Issued.
FDX 06/30 Put 82.7 -1.05 83.72 80.32 1.7M 2.7M 84.08
IDXC 06/25 Put 31.36 +0.55 30.38 28.82 82K 300K 30.88
Buy Not Issued.
SBUX 07/06 Put 51.96 -0.07 51.55 49.75 2M 3.6M 51.92
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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