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us stock market, stock recommendation
Begin part 2 of 2
Next full report issues Saturday.
THE PLAYS
Good movers: CRM; IRIS; ITG; NSM
NEW PLAYS:
Upside:
Play Date: 07/14/2005
ANTP (Phazar--$23.40; -0.02; no options): Telecom communication
http://biz.yahoo.com/p/a/antp.html
STATUS: Test 50 day EMA. A huge rally in late 2004 pushed ANTP up ten-fold. That gutted the stock and it crashed back to 15 and has spent the following 18 weeks moving laterally in a15 point range from 15 to 30. It made a higher low in late June and early July, however, holding 20 on the lows. Volume kicked up early this week as it moved higher, and ANTP has come back on very low volume Wednesday and Thursday. Money flow continues to hold well above price, and we are looking for ANTP to use this higher low to start the next run toward 30. That will land us a nice gain, and if it continues with a breakout from the range, all the better.
Volume: 137.245K Avg Volume: 514.648K
BUY POINT: $24.55 Volume=650K Target=$29.62 Stop=$22.78
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/antp.html
Play Date: 07/14/2005
SONO (Sonosite--$33.39; -0.13; optionable): Medical instruments
http://biz.yahoo.com/p/s/sono.html
STATUS: Breakout test. SONO broke out in early July, moving out of its 7 month reverse head and shoulders base. It rallied to 35 on the move and has faded back the past three sessions on lower and lower below average volume, holding the 10 day EMA (33.27) on the close. Great position to continue the move higher. Strong 7 to 4 accumulation in the base set up the breakout, and this test gives us a good entry point when the stock starts back up on rising volume.
Volume: 53.019K Avg Volume: 123.044K
BUY POINT: $33.72 Volume=175K Target=$37.95 Stop=$33.05
POSITION: UZS LG - Dec. $35c (48 delta) &/or Stock
http://www.investmenthouse.com/ct/sono.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
AMX 06/27 Cup hdl 62.66 +0.65 61.13 69.85 904K 2.5M 60.87
Current.
ASTM 06/22 Cup hdl 3.19 -0.19 3.12 4.11 8.7M 5.9M 3.25
Trailing Stop.
BGC 06/28 Rv H&S 15.78 -0.12 15.41 18.25 186K 555K 15.48
Current.
BJS 07/06 Asc Tri 53.88 -0.94 55.08 61.72 2.5M 2.8M 53.55
Current.
BOOM 07/11 Flat 39.72 -1.02 44.55 53.55 1.3M 2.6M 39.61
Current.
BRCM 07/09 Cup hdl 38.74 +0.58 37.85 43.89 8.3M 11M 36.42
Buy Not Issued.
CCC 07/07 Flat 8.91 -1.34 9.88 11.35 1.2M 235K 9.94
Exited.
CDIS 06/27 Test BO 54.66 -1.41 53.69 60 605K 800K 54.65
Current.
CHRW 07/11 Asc Tri 59.96 +0.41 59.69 67 419K 665K 58.32
Entered today.
CRM 07/13 Cup hdl 22.67 +1.92 22.25 26.22 3M 1.7M 22.08
Entered today.
DESC 07/13 Test BO 4.55 -0.19 4.93 5.98 843K 500K 4.44
Entered today. Shot higher on volume, rallying over 5, but then completely reversed to close lower on the session. Still in top
part of range but do not like that quick reversal.
DO 06/29 Test BO 52.78 -2.26 54.22 64 2.8M 2.2M 52.55
Current.
DO 06/10 Cup hdl 52.78 -2.26 51.38 60 2.8M 3M 52.55
Current.
DTAS 07/12 Test BO 11.5 -0.2 11.96 13.75 330K 881K 11.37
Buy Not Issued.
DVN 06/13 DB hdl 52.83 -1.6 49.78 56.96 3.8M 4.5M 52.19
Current.
FORM 07/09 Cup hdl 27.94 +0.14 28.25 32.75 605K 502K 26.82
Buy Not Issued.
GIGM 07/02 Cup hdl 2.45 -0.06 2.49 3.07 991K 1M 2.41
Current.
GLW 05/21 Test BO 17.11 -0.27 15.23 18.22 6.9M 14M 16.79
Current.
GNSS 07/11 FlyPlat 20.74 +0.02 20.81 24.82 588K 1M 19.44
Current.
ICON 06/08 Cup hdl 7.2 +0.02 6.38 7.68 66K 300K 7.02
Current.
IDIX 06/30 Test BO 23.07 +0.25 22.92 27 78K 157K 22.37
Current.
ILMN 07/12 Test BO 13.86 +0.11 13.31 15.82 578K 450K 12.99
Current.
INGR 05/10 Asc Tri 35.44 -0.07 30.64 34.45 150K 276K 34.52
Current.
IRIS 07/01 Test BO 19.36 +1.64 18.55 22.25 885K 500K 18.68
Entered today.
ITG 06/29 Test BO 24.5 +0.78 22.02 25.25 694K 375K 23.32
Current.
KOMG 06/30 Test 50 33.01 +0.06 28.89 34.64 1M 1.2M 32.44
Current.
KOSP 05/02 DB hdl 71.1 +0.1 50.55 58.95 481K 1.2M 68.88
Current.
MDR 07/11 Asc Tri 22.07 -0.46 22.71 26.72 370K 1.3M 21.92
Current.
MDRX 06/17 Test BO 17.14 -0.78 16.79 19.94 1.3M 850K 16.87
Current.
MFE 07/11 Cup hdl 29.3 +0.24 28.88 33.21 1.5M 2.5M 27.44
Current.
MLHR 07/09 Cup hdl 31.5 -0.01 31.62 35.98 271K 523K 30.38
Buy Not Issued.
MRVL 07/06 Test BO 42.05 +0.5 41.45 46.72 4.1M 3.8M 41.11
Current.
MUR 07/07 Test BO 53.42 -0.93 55.42 60.55 1.2M 1M 53.03
Buy Not Issued.
NSM 06/04 Cup hdl 24.45 +0.5 21.63 25.88 5.6M 6.1M 23.18
Current.
NTGR 07/09 Test BO 22.06 +0.09 20.52 23.98 1.8M 1.4M 21.11
Current.
NVDA 07/13 Cup hdl 27.18 -1.26 28.95 34.72 16M 7M 27.55
Buy Not Issued.
PLLL 06/25 Cup hdl 8.57 -0.18 9.13 10.84 281K 490K 8.48
Current.
PPD 06/29 Test BO 49.3 -1.16 44.72 51.88 80K 165K 50.88
PRFT 07/13 DB hdl 7.79 0 8.12 9.75 856K 230K 7.55
Buy Not Issued.
RATE 07/06 Cup hdl 22.35 +0.2 20.62 23.74 156K 219K 21.05
Current.
RTSX 07/09 Test BO 26.9 -0.9 28.45 33 285K 345K 26.78
Buy Not Issued.
SMTS 06/17 Test BO 23.77 -0.53 22.32 26.15 143K 150K 23.41
Current.
SOSA 06/09 Cup hdl 9.91 -0.1 8.51 10.22 997K 831K 9.62
Current.
THQI 07/01 Test BO 33.38 +0.28 31.88 37.78 389K 970K 32.48
Current.
TLWT 04/30 Test 50 22.1 -0.3 18.61 22.42 1.2M 1.5M 21.98
Current.
TXN 06/29 Asc Bse 30.77 +0.14 28.87 33.44 11M 18M 29.72
Current.
UNH 06/17 Asc Bse 50.25 -1.15 52.77 59.35 12M 5M 51.65
Current.
UNWR 06/15 Cup hdl 6.19 +0.01 5.48 6.72 7.9M 1M 5.92
Current.
VASC 07/13 Cup hdl 12.78 -0.2 13.05 15.72 130K 200K 12.32
Buy Not Hit.
WFR 05/28 Cup hdl 17.8 -0.1 15.17 17.89 2.5M 2.6M 17.32
Current.
WIND 07/08 Rv H&S 16.91 -0.11 17.11 20.32 560K 1.3M 16.55
Current.
XTO 07/01 Cup hdl 35.73 -1.13 36.47 42.32 3.6M 4.7M 35.21
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
BSX 07/06 Put 27.45 -0.03 27.35 25.32 3.5M 5M 27.92
Buy Not Issued.
FDX 06/30 Put 83.4 -0.09 83.72 80.32 1.8M 2.7M 84.08
SBUX 07/06 Put 52.46 +0.75 51.55 49.75 2.5M 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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