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us stock market, stock recommendation
Begin part 2 of 2
Full report issues Wednesday.
THE PLAYS
Good movers: ALXN; DVN; ENER; GLW; GNSS; NSM; PLLL; SOSA; QSII; THQI; TXN; XTO
NEW PLAYS:
Upside:
Play Date: 08/02/2005
DRIV (Digital River--$39.52; +0.06; optionable): e-Commerce outsourcing solutions
http://biz.yahoo.com/p/d/driv.html
After Hours: $39.50
STATUS: Breakout test. Reported some strong earnings last week and gapped higher on strong volume. The move took it out of a 6 month cup with handle base as DRIV is following its strong money flow higher. It is coming back toward the 10 day EMA (37.98) on lower volume, showing a nice doji with tail Tuesday, recovering to close flat. May come back some more to test the 10 day EMA, but with its strength and early leadership (gapped up ahead of the market) we want to be ready when it starts back up to once more follow that money.
Volume: 1.238M Avg Volume: 1.089M
BUY POINT: $40.04 Volume=1.6M Target=$46 Stop=$37.88
POSITION: DQI LH - Dec. $40c (54 delta) &/or Stock
http://www.investmenthouse.com/ct/driv.html
CONTINUING PLAYS
Upside:
Not yet entered:
Play Date: 08/01/2005
ASPM (Aspect Medical--$32.6; -0.33; optionable): Medical appliances
http://biz.yahoo.com/p/a/aspm.html
STATUS: Breakout test. Still in the nice test of last week's surge higher, tapping the 10 day EMA (32.16) on the low and rebounding for a modest loss. Has made the test and now looks ready. To recap: Nice doji Monday as ASPM came back to test last week's breakout from a 7 week triangle that formed using the 50 day EMA (26.81) on the lows. Positive 3 to 2 accumulation in the pattern (3 up price weeks on rising volume to 2 down price weeks on rising volume) shows net buyers in the short base and strong money flow shows the buying. Great breakout on volume Wednesday and then a nice test back. Looking for it to rally off of this doji to continue the breakout.
Volume: 219.963K Avg Volume: 184.192K
BUY POINT: $33.32 Volume=276K Target=$39.45 Stop=$31.89
POSITION: UCU KF - Nov. $30c (68 delta) &/or Stock
http://www.investmenthouse.com/ct/aspm.html
Play Date: 07/30/2005
RTSX (Radiation Therapy--$26.60; +0.10; no options): Medical practitioners
http://biz.yahoo.com/p/r/rtsx.html
Earnings: 8-3-05
STATUS: 50 day EMA test. Big reach down below the 50 day EMA (25.33) and then a furious rebound to close above the 10 and 18 day EMA (26.26) on a big volume spike. Got a bit of cold feet before earnings, but the buyers were ready to move back in. Looking to move in on a good report that gives us a good entry point after the first move. To recap: RTSX broke in mid-June from a 9 week ascending triangle, moving to 28 on the move. It has spent the past three weeks testing that move on lower volume, holding the 50 day EMA the past week. Strong 4 to 1 accumulation in the base set the move. Strong money flow to go along with the great accumulation. Looking for strong volume on a continued rebound off the 50 day as RTSX starts toward another all-time high.
Volume: 420.791K Avg Volume: 206.638K
BUY POINT: New: $26.77 (orig. $26.39) Volume=250K Target=$31.85 Stop=$25.18
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/rtsx.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
ALXN 07/20 Cup hdl 27.56 +1.32 26.78 30.96 550K 424K 26.31
Current.
AMX 06/27 Cup hdl 22.6 -0.11 20.37 23.28 2.6M 2.5M 21.98
Current.
ARQL 07/30 Test BO 8.08 +0.09 7.89 9.38 396K 310K 7.52
Current.
ASPM 08/01 Test BO 32.6 -0.33 33.32 39.45 220K 276K 31.89
Buy Not Hit.
ATVI 07/27 Rv H&S 20.48 +0.35 20.15 23.45 2.4M 3.5M 19.89
Current.
BBY 08/01 PreSplt 77.19 -0.49 77.95 84 2.3M 3.8M 76.11
Buy Not Hit.
BELM 07/20 DB hdl 10.82 -0.1 9.95 11.62 256K 328K 10.39
Current.
BGC 06/28 Rv H&S 16.92 +0.12 15.41 18.25 314K 555K 16.25
Current.
BJS 07/06 Asc Tri 62.08 +0.59 55.08 61.72 1.8M 2.8M 60.55
Current.
BOOM 07/11 Flat 44.19 -0.4 44.55 53.55 1.8M 2.6M 42.45
Current.
BRCM 07/09 Cup hdl 43.11 +0.64 39.31 45.25 7.2M 11M 41.75
Current.
CDIS 06/27 Test BO 61.9 +0.9 53.69 60 658K 800K 60.94
Current.
CHRW 07/11 Asc Tri 62.31 -0.34 59.69 67 563K 665K 61.31
Current.
COSI 07/30 Test BO 9.01 +0.16 9.08 10.95 379K 485K 8.44
Buy Not Issued. Finally getting some volume. Now we will see if it
can continue the move.
CRM 07/13 Cup hdl 23.64 -0.45 22.25 26.22 1.6M 1.7M 22.88
Current.
CTRX 07/16 Cup hdl 13.86 -0.28 12.32 14.69 131K 125K 13.89
CVD 07/30 Test BO 49.5 -0.36 50.05 56.35 326K 400K 48.65
Buy Not Hit.
DVN 06/13 DB hdl 57.78 +1.15 49.78 56.96 2.7M 4.5M 56.55
Current.
EMKR 07/18 Test BO 5.03 -0.19 4.97 6.08 582K 450K 4.99
Trailing Stop.
ENER 07/21 Rv H&S 26.65 +1.28 26.08 29.78 1.1M 700K 26.11
Current.
FLSH 07/20 Cup 25.65 -0.25 22.75 26.38 373K 1.1M 24.55
Current.
FSH 07/23 Cup hdl 65.78 -0.72 66.61 74.15 1.1M 1.4M 65.22
Current.
GLW 05/21 Test BO 19.66 +0.35 15.23 18.22 15M 14M 18.68
Current.
GNSS 07/27 Test BO 25.49 +0.83 24.93 29.22 921K 1.4M 24.39
Current.
GNSS 07/11 FlyPlat 25.49 +0.83 20.81 24.82 921K 1M 24.39
Current.
HGSI 07/26 Test BO 14.8 -0.04 15.21 17.65 1.2M 2.5M 14.44
Current.
IDBE 07/29 Test BO 20.5 -0.17 20.56 23.82 218K 423K 19.48
Current.
IDBE 07/16 Test BO 20.5 -0.17 19.58 22.75 218K 350K 19.48
Current.
IDIX 07/28 Test BO 27.22 +0.33 26.98 31.32 213K 221K 25.55
Current.
INGR 05/10 Asc Tri 38.78 +0.11 30.64 34.45 191K 276K 37.57
Current.
JUPM 07/20 Cup hdl 19.74 -3.03 21.65 25.98 2.7M 799K 21.66
Exited.
KERX 07/15 BO 17.04 +0.29 15.78 18.98 520K 650K 16.48
Current.
MDR 07/11 Asc Tri 24.55 +0.18 22.71 26.72 446K 1.3M 23.55
Current.
MFE 07/11 Cup hdl 30.35 +0.21 28.88 33.21 1.8M 2.5M 29.97
Current.
MRVL 07/30 PreAnn 44.85 -0.15 44.07 49.59 3.7M 3.3M 43.32
Current.
MRVL 07/06 Test BO 44.85 -0.15 41.45 46.72 3.7M 3.8M 43.32
Current.
NSM 06/04 Cup hdl 25.71 +1.1 21.63 25.88 6.5M 6.1M 24.68
Current.
PLAB 07/23 Test BO 26.67 +0.32 26.98 31.29 888K 1.2M 26.65
Current.
PLLL 06/25 Cup hdl 11.91 +0.55 9.13 10.84 482K 490K 11.48
Current.
PMTI 07/20 Cup hdl 29.86 +0.32 29.15 33.21 247K 390K 27.38
Current.
PPDI 07/27 Test BO 57.29 +0.16 57.38 64.55 380K 547K 56.35
Buy Not Issued.
PWR 07/22 Rv H&S 10.64 +0.06 10.08 12.12 695K 1M 10.31
Current.
QSII 07/25 Cup hdl 63 +2.14 55.78 64.42 611K 604K 61.88
Target Hit. Took some partial interim gain, letting the rest of the stock and options run.
RATE 07/06 Cup hdl 25.04 +0.03 20.62 23.74 95K 219K 24.89
Current.
REV 07/27 Cup hdl 3.87 -0.06 3.64 4.42 968K 1M 3.72
Current.
RIG 07/25 Test BO 59.65 +1.76 58.75 66.44 9.4M 4.6M 56.35
Buy Not Issued. Earnings gapped it higher but RIG closed well off highs. If it can hold and resume from here, it is a buy.
RTSX 07/30 Test 50 26.6 +0.1 26.39 31.85 421K 250K 25.18
Buy Not Issued.
SKS 07/25 Test BO 20.95 -0.05 20.05 23.12 514K 1.8M 20.44
Current.
SMMX 07/28 Rv H&S 29.59 -0.13 31.12 35.89 82K 200K 29.48
Buy Not Hit.
SONO 08/01 Rv H&S 36.05 +1.22 35.15 40.45 232K 175K 33.98
SOSA 06/09 Cup hdl 12.19 +0.46 8.51 10.22 1.1M 831K 11.95
Current.
SPN 07/23 Cup hdl 21.49 -0.09 20.39 23.59 1.7M 716K 20.68
Current.
SVNT 07/20 Test 18 4.54 +0.01 4.68 5.61 336K 981K 4.35
Current.
THQI 08/02 Test BO 35.95 +0.67 35.85 41.88 707K 970K 34.32
Entered today.
THQI 07/01 Test BO 35.95 +0.67 31.88 37.78 707K 970K 34.32
Current.
TLWT 08/01 Flat 22.35 -0.15 22.88 25.78 1.1M 2.7M 22.04
Buy Not Hit.
TXN 06/29 Asc Bse 32.66 +0.77 28.87 33.44 9.9M 18M 31.98
Current.
UBET 07/23 Cup hdl 5.67 -0.03 6.05 7.32 212K 564K 5.63
Buy Not Hit.
VIVO 07/16 Test BO 24.72 -0.18 22.04 25.28 141K 170K 24.55
Current.
WIND 07/08 Rv H&S 17.42 +0.14 17.11 20.32 458K 1.3M 16.78
Current.
XTO 07/01 Cup hdl 36.66 +1.08 36.47 42.32 3.4M 4.7M 35.89
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
CSL 08/01 Put 66.08 +0.85 65.11 63.08 149K 200K 68.92
Buy Not Hit.
FDX 07/25 Put 85.5 +0.74 83.97 81 1.3M 2.2M 82.48
Buy Not Issued.
LNCR 07/30 Put 42.38 +1.76 40.08 38.05 1.8M 820K 40.75
Buy Not Hit. The stock has not performed so will drop.
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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