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stock recommendation, stock market report
Begin part 2 of 2
THE PLAYS
Good Movers: SOX; AKAM; AMLN; LRCX; VRTX; XLE
NEW PLAYS:
Upside plays:
Play Date: 10/13/2005
DESC (Distributed Energy Systems--$7.16; +0.04; optionable): Hydrogen fuel cells, etc.
http://biz.yahoo.com/p/d/desc.html
STATUS: Test 50 day EMA. DESC has come back to the 50 day EMA (6.86), its second test of that support level after a July breakout from a cup with handle base. After a strong move up the 18 day EMA (7.43) a stock will test the 50 day EMA before resuming the run. It is making this test of the 50 day on very low, below average volume during all of that nasty market selling. It made a test while the other stocks sold off. Strong money flow has held up during the pullback. Thursday DESC showed a nice doji with tail at the 50 day EMA with volume jumping up to average. Buyers came back in when it tested the 50 day. Looking to move in as it continues higher on volume. A strong market leader with strong earnings and sales to go with the pattern.
Volume: 961.464K Avg Volume: 1.146M
BUY POINT: $7.55 Volume=1.2M Target=$9.45 Stop=$7.02
POSITION: DVU CU - Mar. $7.50c (49 delta) &/or Stock
http://www.investmenthouse.com/ct/desc.html
Play Date: 10/13/2005
IRIS (Iris Intl.--$19.46; -0.08; optionable): In vitro diagnostics
http://biz.yahoo.com/p/i/iris.html
After Hours: $19.46
STATUS: Breakout test. A real market leader and 'A' rated stock with strong earnings and a great technical pattern. IRIS is testing the strong early October breakout from a nicely formed 16 week base. During the market selling it tested the breakout on lower volume, showing a nice big doji with tail at the 18 day EMA (19.43), rebounding sharply and on a strong shot of above average volume as it did. Strong money flow compliments strong 4 to 1 accumulation (4 up price weeks on rising volume to 1 down price weeks on rising volume). Relative strength broke out with the stock. Great performer ready for a new all-time high.
Volume: 302.695K Avg Volume: 202.85K
BUY POINT: $19.97 Volume=304K Target=$24.45 Stop=$18.88
POSITION: JGU AD - Jan. $20c (50 delta) &/or Stock
http://www.investmenthouse.com/ct/iris.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 10/12 Test 20 446.33 +9.36 440.33 459 0 0 443.45
Entered today. Great move on strong volume.
AKAM 10/08 Test BO 15.89 +0.37 15.88 19.32 1.5M 1.9M 15.21
Entered today.
AME 10/11 PreAnn 42.26 -0.49 43.65 50.32 228K 475K 42.05
Buy Not Issued. Ease back on lower below average volume holding the 18 day MVA. Testing the breakout. May continue to test back to 42.
AMLN 10/12 Test 18 35.21 +1.38 35.55 42.25 3.5M 4M 33.45
Entered today.
BABY 10/01 Test BO 11.63 +0.05 12.42 14.95 111K 222K 11.75
Buy Not Hit. Tested the simple 50 day MVA intraday and rallied back showing a doji on low volume. Looking for stock to continue to bounce off the 50 day MVA
BEAV 10/10 Cup hdl 16.84 -0.17 18.05 21.68 398K 950K 16.85
Buy Not Hit. Ease back testing the 18 day MVA intraday and rallied back on below average volume. Still in the pattern.
COSI 10/01 Asc Bse 9.99 +0.11 10.05 12.11 757K 600K 9.38
Buy Not Issued.
CRXL 09/07 DB hdl 25.91 -1.34 23.85 28.57 745K 305K 28.45
Current. Big gap down and continued to move down holding at some support on very strong volume surge. May continue to test back to 25.42.
DCEL 10/03 Flat 7.04 +0.15 7.89 10.42 2.9M 5.7M 7.34
Buy Not Hit.
DRRX 10/01 Test BO 6.45 +0.35 6.98 8.38 216K 500K 6.49
Buy Not Issued.
EMKR 09/15 Test BO 5.41 +0.23 5.62 6.98 131K 450K 5.67
Current.
EMR 10/06 Test BO 68.64 +0.04 71.21 81.95 1.1M 1.6M 69.42
Buy Not Hit.
ESLR 09/19 Asc Tri 8.44 -0.17 8.41 10.37 2.3M 1.3M 8.65
Current.
GG 10/08 PreAnn 18.94 -0.63 20.42 25.55 4.7M 3.5M 19.48
Buy Not Issued. Gapped down at the open and continued to move down tapping 18.37 at the intraday low and rallied back holding at some support on very strong volume. May continue to test back to the 50 day MVA (18.80), but will need to hold there.
GSIC 09/17 Cup hdl 19.69 -0.61 19.57 22.65 469K 439K 18.65
GVHR 10/12 Cup hdl 25.32 -0.44 26.65 31.98 195K 391K 25.35
Buy Not Hit. Pullback tapping 24.47 at the intraday low and rallied back holding just below the 18 day MVA on lower below average volume. Should be ready to bounce from here.
HAE 08/31 Asc Bse 45.6 -0.23 45.22 50.98 330K 215K 47.05
Current. Pullback tapping 44.36 at the intraday low and rallied back showing a doji on stronger above average volume. Doji may indicate a change in pattern to the upside.
INFA 10/05 Test 18 11.85 -0.13 12.05 13.98 1.2M 1.5M 11.55
Buy Not Issued.
KNOT 10/08 Test 50 10.7 -0.11 11.55 13.88 143K 147K 10.72
Buy Not Issued.
KONG 10/05 Test BO 12.8 -0.05 13.45 16.75 216K 383K 13.11
Buy Not Issued. Tapped 12.02 at the intraday low and rallied back holding the 18 day MVA on lower below average volume. Still in the pattern.
LRCX 10/08 Asc Tri 33.75 +3.55 32.45 37.89 15M 3.8M 32.22
Entered today.
MACR 10/03 Dbl btm 38.67 0 40.77 49.95 731K 1.3M 39.05
Buy Not Hit.
NIHD 10/05 Test BO 74.02 -1.48 80.62 93.95 1.1M 1M 78.32
Buy Not Hit. The stock has not performed so will drop.
NTRI 09/10 Cup hdl 27.45 -2.07 23.87 28.55 1.8M 819K 30.55
Trailing Stop.
NVDA 10/06 Test 18 32.03 -0.17 33.55 40.45 4.2M 6.5M 31.95
Buy Not Hit. Pullback tapping 30.80 at the intraday low and rallied back on lower below average volume. Should continue to rebound from the 50 day MVA.
PKE 10/08 Cup hdl 25.23 +0.27 27.05 32.45 88K 165K 25.65
Buy Not Hit.
QSII 09/10 Test BO 65.05 +1.83 71.45 84.48 265K 450K 68.11
Bounced on lower, but average volume holding the 50 day MVA. Meeting resistance here. Would like to see more volume on the upside.
RTI 09/25 Test BO 36.86 +0.02 38.98 46.45 348K 325K 38.55
Current.
SMSC 10/10 Test BO 28.2 +1.54 29.42 35.32 251K 293K 28.05
Buy Not Hit. Nice bounce off the 50 day MVA on stronger above average volume. Looking good.
SMTS 10/06 Test BO 27.24 -0.01 28.63 34.24 68K 350K 27.05
Current. Pullback testing the 18 day MVA intraday and rallied back holding the 10 day MVA on low volume. Tested the breakout and should be ready to bounce from here.
TRAD 10/04 Rv H&S 9.56 0 10.44 12.62 212K 300K 9.87
Buy Not Hit. Tapped 9.03 at the intraday low and made a fierce rally back closing flat with a doji on the 50 day MVA. Doji may indicate a change in pattern to the upside.
TSAI 10/10 Asc Bse 28.01 +0.11 28.55 33.65 315K 297K 27.05
Buy Not Issued.
UNH 10/08 Test BO 54.2 -0.83 56.68 64.95 6.3M 6M 55.55
Buy Not Issued. Gapped down and continued to move down on stronger above average volume. May test back to 54, but will need to hold there.
VRTX 09/06 Test BO 22.13 +1.34 19.46 23.15 2.7M 1.8M 20.68
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
GSF 10/12 Put 40.87 -1.14 41.89 39.87 4.1M 2.5M 41.11
Buy Not Hit. Nice move down the 10 day MVA on lower but strong volume. Came off the day's low of 40.21.
PLCE 10/12 Put 36.71 +1.3 35.29 33.35 807K 800K 36.55
Buy Not Issued.
RTH 09/26 Put 90.8 +0.07 91.78 89.22 3.6M 4.5M 91.55
Current. Bounced but gave much of it back on lower, below average volume. Still in downtrend.
TRI 10/10 Put 42.04 -0.88 43.41 41.38 1.5M 1.1M 44.08
Buy Not Issued. Did not enter yesterday because of low volume. Once again moving down with low volume. Volume did not come in until late in session. Will let it bounce for another chance to enter the play provided stock sets up.
VAL 09/25 Put 21.38 +0.42 21.95 20.85 488K 313K 21.24
Current. Bounced testing the 10 day MVA intraday, but could not hold the gain on lower below average volume. May continue to rally up to 21.50.
XLE 10/11 Put 47.66 -1.33 49.41 47.48 39M 18M 50.35
Target Hit. Gapped down and continued to move down hitting the target on very strong volume surge.
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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