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trading system, stock trading system
Begin part 2 of 2
Full report issues Wednesday.
THE PLAYS
Good movers: GVHR; SWN; PIR
NEW PLAYS:
Upside plays:
Play Date: 10/25/2005
BCRX (Biocryst Pharma--$15.30; +0.07; optionable): Biotchnology
http://biz.yahoo.com/p/b/bcrx.html
After Hours: $15.20
STATUS: Breakout test. Earnings are to be released a half hour into the session Wednesday. BCRX exploded higher to start the month, breaking out from a 16 month double bottom and surging to 18. It has tested back the past week and is now moving laterally over the 10 day EMA (14.88) on lower volume. Going to be ready to move in when the earnings hit; like it this way as the stock will be open and we won't have that gap on the open to deal with.
Volume: 5.143M Avg Volume: 2.38M
BUY POINT: $16.05 Volume=6M Target=$19.45 Stop=$14.71
POSITION: BIU CC - Mar. $15c (60 delta) &/or Stock
http://www.investmenthouse.com/ct/bcrx.html
Play Date: 10/25/2005
GENZ (Genzyme--$71.53; -0.19; optionable): Biotechnology
http://biz.yahoo.com/p/g/genz.html
After Hours: $71.53
STATUS: Double bottom. GENZ is working on an 11 week double bottom, coming off the second low early this month. It is right below the 'hump' near 74, but showing solid 4 to 2 accumulation (4 up price weeks on rising volume to 2 down price weeks on rising volume) and strong money flow leading the way higher. Volume was up Tuesday, and if it shows more volume on a resumption of the move we will look at starting a position. Very nice swell in volume the past week as GENZ worked along the 50 day EMA.
Volume: 2.372M Avg Volume: 2.33M
BUY POINT: $72.89 Volume=4M Target=$83.78 Stop=$69.69
POSITION: GZQ AN - Jan. $70c (59 delta) &/or Stock
http://www.investmenthouse.com/ct/genz.html
CONTINUING PLAY TABLE:
* * SPREADSHEET DOWNLOAD * * *
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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 20 442.14 -4.65 440.33 459 0 0 444.78
Current. Pullback giving back yesterday's move. May continue to test back to 440
AH 10/19 Cup hdl 44.85 -0.56 45.33 52.45 620K 780K 43.94
Current. Pullback on lower, but above average volume. May continue to test back to 44.44.
AKAM 10/08 Test BO 16.97 -0.33 15.88 19.32 2.5M 1.9M 16.55
Current.
AMLN 10/12 Test 18 37.55 +1.07 35.55 42.25 3.8M 4M 35.04
Current.
AQNT 10/15 Asc Bse 21.6 -0.7 21.15 25.15 733K 1.6M 21.42
Current. Ease back on lower below average volume. May continue to test back to 21.25. Testing the breakout.
ATK 10/22 PreSplt 70.64 -0.36 69.86 67.85 193K 270K 70.22
Buy Not Issued. Pullback tapping 69.92 at the intraday low and rallied back on lower below average volume. May test back to 70.60
BABY 10/01 Test BO 14.44 -0.36 13.29 15.88 240K 222K 14.22
Current. Pullback tapping 14.16 at the intraday low on lower, but strong volume. May continue to pullback to 14.29
BCSI 10/22 Cup hdl 46.7 -0.9 45.75 54.95 237K 543K 42.55
Buy Not Issued. Ease back on low volume. May continue to test back to 45.43. Needs to continue to pullback.
BEAV 10/10 Cup hdl 17.64 -0.21 18.05 21.68 701K 950K 16.85
Buy Not Issued. Volatile session Pullback tapping 17.29 at the intraday low and rallied back on stronger above average volume. May test back to 17.59.
BTUI 10/20 Test 18 13.95 +0.66 10.65 12.82 714K 424K 9.92
Buy Not Issued.
CLDN 10/22 Cup hdl 23.5 +0.2 23.66 28.45 142K 155K 22
Buy Not Issued. Volatile session tapping 22.75 at the intraday low and rallied back on stronger above average volume. Came off the day's high of 23.99. Too volatile to enter the play.
CRM 10/21 Cup hdl 25.19 -0.07 24.41 29.22 1.3M 1.5M 24.45
Current. Pullback tapping 24.75 at the intraday low and rallied back on rising, but average volume. Still in uptrend.
DESC 10/13 Test 50 7.96 +0.23 7.55 9.45 731K 1.2M 7.02
Buy Not Issued.
DRRX 10/01 Test BO 6.84 -0.07 6.98 8.38 159K 500K 6.49
Buy Not Issued.
EMKR 09/15 Test BO 5.27 -0.23 5.62 6.98 131K 450K 5.67
Current.
GES 10/19 DB hdl 26.54 +0.18 25.25 30.42 541K 695K 23.69
Buy Not Issued. Continue with low volume ascent. Need to pullback.
GPN 10/24 PreSplt 84.18 -0.04 84.68 94.95 363K 500K 82.25
Buy Not Issued. Gapped up (84.97) at the open, but gave it back on lower below average volume. Meeting resistance at 85
GVHR 10/12 Cup hdl 26.48 +0.99 25.32 30.98 625K 391K 25.42
Current. Big gap up at the open, but gave some of it back on very strong volume surge. Finished the session with a nice gain. Meeting some resistance at 27.40.
HAE 08/31 Asc Bse 47.64 -0.3 45.22 50.98 206K 215K 46.21
Current. Pullback testing the 18 day MVA intraday and rallied back on stronger above average volume. Meeting some resistance at 48.
HHH 10/24 Rv H&S 60.64 -0.9 62.22 71.55 553K 571K 60.55
Buy Not Hit.
HITK 10/17 Cup hdl 33.78 +0.03 31.85 38.38 134K 154K 30.28
Buy Not Issued.
HOM 10/15 Pennant 5.62 -0.18 5.18 6.39 2.7M 1.8M 5.21
Current.
IRIS 10/22 Test BO 23.09 +0.38 21.74 24.99 439K 290K 20.88
Current. Continue with the uptrend on strong volume.
IRIS 10/13 Test BO 23.09 +0.38 20.44 24.95 439K 304K 20.88
Current.
KNOT 10/08 Test 50 13.84 +0.34 12.33 14.85 293K 147K 13.15
Current.
KONG 10/05 Test BO 13.11 -0.15 13.45 16.75 56K 383K 13.11
Buy Not Issued. Gapped down showing a doji under the 18 day MVA on very low volume. Should be ready to bounce from here.
LRCX 10/08 Asc Tri 34.03 -0.3 32.45 37.89 1.6M 3.8M 33.23
Current.
MACR 10/03 Dbl btm 43.67 -0.63 40.93 49.95 1.4M 1.3M 43.12
Trailing Stop.
NTES 10/24 Test 50 81.39 -1.01 82.78 95.95 1.1M 1.4M 79.68
Buy Not Issued. Tapped 83.65 at the intraday high, but gave it back on below average volume. Still in the pattern.
NTRI 10/18 Test 18 31.13 +2.94 30.86 36.75 1.6M 1.2M 28.7
Entered today. Exploded higher on very strong volume. Unfortunately earnings were not as expected and stock is trading down $3 after hours. Keeping over the 18 day MVA.
NVDA 10/06 Test 18 33.02 +0.21 32.89 40.45 2.8M 6.5M 31.38
Buy Not Issued. Tested the 10 day MVA intraday and rallied back on rising, but below average volume. Moving up on low volume. Needs to pullback.
NWRE 10/22 Cup hdl 17.34 -0.39 18.24 21.95 332K 487K 16.96
Buy Not Hit. Pullback on lower below average volume. Still forming the handle.
PEET 10/24 Cup hdl 32.54 -0.68 33.49 38.95 95K 284K 32.15
Buy Not Hit. Pullback testing the 18 day MVA intraday and rallied back on below average volume. Meeting resistance at 33.20.
SMSC 10/10 Test BO 30.62 -0.29 29.79 35.74 348K 293K 28.18
Current. Pullback on much lower, but above average volume. Still in uptrend.
SMTS 10/06 Test BO 30.2 -0.77 28.63 34.24 133K 350K 29.48
Current. Pullback on lower, but average volume. May continue to test back to 30.
SWN 10/24 PreAnn 71.7 +2.83 71.65 85.95 3.3M 2.6M 67.89
Entered today. Announced a split. Stock gapped up at the open for a nice gain on excellent volume
SYKE 10/15 Test BO 14.32 -0.35 14.09 16.95 376K 439K 13.69
Current. Gapped up at the open, but gave it back tapping 13.97 at the intraday low on much lower, but above average volume. May continue to test back to 14.
TSAI 10/10 Asc Bse 29.1 -0.22 28.96 33.97 278K 297K 29.11
Current.
UNH 10/08 Test BO 55.94 -1.25 56.32 64.95 7.1M 6M 56.15
Current. Got dragged lower by CVH earnings results, but managed
to recover a good ways off the low so let it run to
see if we get more of a rebound from the sector leader.
VRTX 10/22 Test 18 23.59 +0.1 23.29 27.89 964K 2M 21.87
Current.
VRTX 09/06 Test BO 23.59 +0.1 19.46 23.15 964K 1.8M 21.87
Current.
WBSN 10/19 Cup 53.77 -2.26 54.88 63.45 846K 832K 52.91
Buy Not Issued. Thudded down testing the 18 day MVA intraday and rallied back holding the 10 day MVA on very strong volume surge. May continue to test back to 53.18.
WRES 10/19 Test BO 15.79 +0.31 16.25 19.45 700K 450K 15.11
Entered today.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
CX 10/15 Put 49.5 -0.22 48.68 46.57 1.3M 1.8M 49.32
Buy Not Issued. Slight move down testing the 18 day MVA intraday, but rallied. May continue to test up to 23 (50 day MVA)
NETL 10/15 Put 21.54 +0.25 19.61 18.05 204K 383K 19.92
Buy Not Issued.
PIR 10/17 Put 10.42 -0.32 10.73 9.19 759K 1.3M 10.77
Current.
TRI 10/10 Put 42.59 +0.22 43.41 41.38 2.2M 1.1M 44.08
Bounced tapping 43.24 at the intraday high, but could not hold the entire gain on lower, but very strong volume. Needs to break through support at 42.29
VAL 09/25 Put 21.78 -0.46 21.95 20.85 612K 313K 21.24
Current. Nice move down tapping 21.42 at the intraday low, but rallied back holding the 10 day MVA on stronger above average volume. Needs to break through support here.
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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