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trade stock, stock recommendation
Begin part 2 of 2
Full report issues Saturday.
THE PLAYS
Good movers: ENER; HAE; RIMM; WSSI; JCP; SHFL
NEW PLAYS:
Upside:
Play Date: 09/01/2005
RTK (Rentech--$2.87; +0.15; no options): Gas to liquids conversion of natural gas
http://biz.yahoo.com/p/r/rtk.html
STATUS: Test breakout. RTK is on the second strong surge from its late August breakout from an 8 month cup with handle base. Solid 9 to 7 accumulation in the base (9 up price weeks on rising volume to 7 down price weeks on rising volume) shows net buying. Excellent price/volume action in the base with a strong breakout after a low volume handle. Blasted higher Tuesday in a continuation of the breakout and tested that move Thursday, rebounding once more on strong volume. Excellent money flow and a relative strength breakout shows its strength. Looking to move in on a continued run higher.
Volume: 1.255M Avg Volume: 358.753K
BUY POINT: $2.98 Volume=538K Target=$3.78 Stop=$2.77
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/rtk.html
CONTINUING PLAYS
Upside:
Not yet entered:
Play Date: 08/15/2005
FLSH (M-Systems Flash Disk--$26.75; +0.34; optionable): Semiconductors
http://biz.yahoo.com/p/f/flsh.html
STATUS: Double bottom w/handle. Great volume and moving to the breakout Thursday. FLSH looks very solid but it did fade back off the intraday high by the close. Looking to move in on a continued break higher. To recap: Nice 23 week base that used the 200 day SMA (21.63) as support on the lows. Strong money flow is leading higher and relative strength broke out as well. Positive accumulation shows net buyers. Making a 5 year new high and ready to move in as it continues the breakout.
Volume: 1.246M Avg Volume: 648.958K
BUY POINT: New: $26.87 (orig. $26.68) Volume=850K Target=$30.69 Stop=$25.41
POSITION: VUM AE - Jan. $25c (68 delta) &/or Stock
http://www.investmenthouse.com/ct/flsh.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
^SOX 08/22 Test 50 468.37 +0.04 471.79 494 0 0 471.88
Current.
AEZ 08/22 DB hdl 6.18 +0.03 5.91 7.11 165K 314K 5.57
Current. Continue to move up the 10 day MVA on lower below average volume.
AMGN 08/11 Test BO 80.07 +0.17 81.65 92.88 6.1M 11M 78.78
Buy Not Hit. Bounced off the 18 day MVA on lower below average volume. Still in the pattern.
AMX 08/04 Test BO 22.82 +0.82 22.21 25.55 3.8M 5M 21.54
Buy Not Issued. Good recovery and good enough to enter Thursday. When it clears 23 on continued solid trade it is still a buy.
BRCM 08/15 FlyPlat 43.05 -0.45 43.54 49.95 6.6M 11M 42.25
Buy Not Hit.
CCK 08/29 Test BO 16.88 -0.01 16.98 20.45 609K 1.8M 16.31
Buy Not Issued.
CMX 08/13 Test BO 47.1 +0.37 46.11 52.08 1.4M 2.6M 45.38
Buy Not Issued.
COSI 08/27 Test 18 8.4 -0.7 9.35 11.22 623K 550K 8.95
Buy Not Hit. The stock has not performed so will drop.
CRZO 08/24 Test 18 24.08 +0.43 22.08 25.75 338K 400K 20.71
Buy Not Issued.
CUTR 08/03 Test BO 24.5 +0.21 22.39 26.58 435K 325K 23.27
Current. Continue to move up the 10 day MVA showing a tight doji on slightly above average volume.
CVD 07/30 Test BO 52.96 +0.66 51.62 58.31 531K 400K 51.55
Current. Broke through some resistance at 52.44 on stronger above average volume. Made a 52 week high.
ENDP 08/31 Test BO 30.11 +0.11 30.15 34.65 505K 1.1M 28.65
Buy Not Issued.
ENER 08/23 Rv H&S 35.92 +1.21 28.23 33.94 1.3M 700K 34.88
Current. Gapped up at the open and continued to move higher for a great move on lower, but strong volume.
FLSH 08/15 DB hdl 26.75 +0.34 26.68 30.69 1.2M 850K 25.41
Buy Not Issued. Fell back from the intraday high, but good volume and a buy as it resumes the move higher.
FORD 08/29 Test 50 25.08 -0.79 25.38 31.14 704K 1.6M 24.72
Current. Pullback holding the 10 day MVA on below average volume. May test back to 24.59.
GENZ 08/31 Test 50 71.77 +0.6 71.97 80.45 2.2M 3.5M 69.96
Entered today. Another nice move up the 10 day MVA on lower below average volume.
GNSS 08/25 Test 18 26.25 -0.04 26.24 31.32 889K 1M 25.04
Current. Pullback showing a tight doji on average volume. Meeting resistance at 26.74
HAE 08/31 Asc Bse 45.1 +0.66 45.22 50.98 276K 215K 43.78
Entered today. Another nice move up the 10 day MVA on stronger above average volume.
INGR 05/10 Asc Tri 41 +0.19 30.64 34.45 236K 276K 39.89
Current. Continue uptrend on lower below average volume.
ISIL 08/27 DB hdl 20.73 -0.27 20.68 23.95 2.1M 2.2M 20.24
Current. Pullback on strong volume. May test back to 20.50.
KERX 08/20 Test BO 16.76 0 17.49 20.44 252K 679K 16.68
Current. Volatile session tapping 17.43 at the intraday high, but gave it back on low volume holding the 10 day MVA. Moving up after testing the breakout.
LAF 08/31 Test 50 67.61 -1.34 68.65 75 547K 390K 66.55
Current. Pullback on lower but strong volume may continue to test back to 67.45
MCHP 08/17 Test 50 30.25 -0.87 31.32 35.95 3.8M 1.7M 30.61
Current. Came under heavy pressure but managed to rebound well
off the lows so decided to let it rebound further if
ti will back up toward 31.
MFE 08/17 Test 50 30.71 +0.06 30.95 35.95 988K 2M 30.04
Current.
MINI 08/23 Test 50 43.94 +2.02 40.91 46.95 1M 150K 40.35
Current. One of our Katrina plays, MINI shot higher to 46.58
and then started to peak. We took some of the nice
gain off the table.
NVDA 08/06 Cup hdl 30.69 +0.01 29.94 35.72 4.6M 7M 29.05
Current. Continue with uptrend on below average volume. Meeting some resistance here.
PPDI 08/24 Test BO 56.41 +0.14 57.38 64.55 375K 547K 55.55
Current. Tested the 18 day MVA intraday and rallied back showing a tight doji on rising, but average volume. Came off the day's high fo 57.39. Moving up after testing the breakout.
RIMM 08/31 Test 20 80.52 +2.22 80.25 89 8.8M 8.5M 75.95
Entered today.
SYKE 08/20 Test 18 10.56 -0.08 10.44 12.65 592K 409K 10.25
Current.
SYNM 08/20 Cup hdl 14.59 -0.28 12.88 15.38 777K 631K 14.25
Current. Gapped up at the open, but gave it back on lower but strong volume.
UBET 07/23 Cup hdl 6.19 +0.04 6.11 7.39 298K 564K 5.77
Current.
VAS 08/17 Test BO 26.28 -0.65 25.35 28.85 352K 247K 26.25
Current. Pullback on strong volume. May test back to 26.25
WSSI 08/27 Cup hdl 17.3 +0.66 17.35 20.88 837K 371K 16.42
Entered today. Bounced off the 10 day MVA for an explosive move on excellent volume surge
YMI 08/29 Cup hdl 3.13 -0.03 3.31 4.11 39K 150K 3.08
Buy Not Hit.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
EPD 08/25 Put 24.49 +0.21 24.91 23.91 889K 500K 24.57
Trailing Stop.
JCP 08/24 Put 47.03 -1.6 49.95 47.77 5.2M 3.2M 48.78
Target Hit. Stock fell hard hitting the target on strong volume.
MWD 08/24 Put 51.4 +0.53 51.42 49.88 5.1M 6M 51.96
Buy Not Issued.
RNR 08/30 Put 45 -0.31 44.55 42.89 828K 475K 45.55
Current. Tapped 45.70 at the intraday high, but could not hold the gain on strong volume. Meeting some resistance here.
SHFL 08/27 Put 23.84 -0.61 24.16 22.64 706K 600K 24.05
Current.
WFR 08/25 Put 17.11 +0.25 16.34 15.06 3.2M 2.4M 16.77
Buy Not Issued. The stock has not made the move we were looking for 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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