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us stock market, stock recommendation
Begin part 2 of 2
THE PLAYS
Good movers: BABY; HAE; ATK; PIR
NEW PLAYS:
Upside plays:
Play Date: 10/27/2005
BBBB (Blackboard--$25.9; -0.67; optionable): Multimedia and graphics software
http://biz.yahoo.com/p/b/bbbb.html
STATUS: Test breakout. BBBB broke higher two weeks back, clearing a solid 13 week flat base formed at the 50 day EMA (24.59) sporting positive 3 to 2 accumulation (3 up price weeks on rising volume to 2 down price weeks on rising volume) goes well with strong money flow. Relative strength broke out with the stock a strong corroboration. It used the recent selling to come back and test the breakout, holding above the 18 day EMA (25.73) Thursday on much lower volume. A new issue in June 2004, BBBB is ready to move to a new high after this test of a solid breakout move.
Volume: 295.609K Avg Volume: 244.848K
BUY POINT: $26.38 Volume=367K Target=$31.65 Stop=$25.55
POSITION: BPU AE - Jan. $25c (57 delta) &/or Stock
http://www.investmenthouse.com/ct/bbbb.html
Play Date: 10/27/2005
TWGP (Tower Group--$17.1; -0.1; no options): P & I Insurance
http://biz.yahoo.com/p/t/twgp.html
STATUS: Breakout test. Another strong stock that blasted higher on Monday, clearing an 11 week base formed around the 50 day EMA (15.52). Outstanding 5 to 1 accumulation in the base shows plenty of buying in the pattern. A new issue in October 2004, this is a great breakout and test, setting up the continued move higher. Strong money flow is leading the way and a relative strength breakout as well. Looks super.
Volume: 116.152K Avg Volume: 150.864K
BUY POINT: $17.55 Volume=226K Target=$21 Stop=$16.32
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/twgp.html
Downside:
Play Date: 10/27/2005
FRK (Florida Rock--$54.32; -1.82; optionable): Cement
http://biz.yahoo.com/p/f/frk.html
STATUS: Put. Strong surge from June through early October and then a rollover on strong volume back to the 50 day EMA (56.86). It worked laterally above and below that level for the past two weeks and then broke lower Thursday on rising though still below average volume. Money flow has turned lower ahead of the stock and we are looking for it tom come back and fill the late August gap higher. That would give us a 40%ish move to the target.
Volume: 587.8K Avg Volume: 610.548K
BUY POINT: $54.05 Volume=650K Target=$51 Stop=$55.15
POSITION: FRK XI - December $55p (-48 delta)
http://www.investmenthouse.com/ct/frk.html
CONTINUING PLAY TABLE:
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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 20 427.64 -11.94 440.33 459 0 0 444.78
Current. After a hard dump it will come back to test the 200
day MA (434) as it holds support from May and June.
AH 10/19 Cup hdl 43.93 -0.46 45.33 52.45 435K 780K 43.94
Current. Pullback testing the 18 day MVA intraday and rallied back on rising, but below average volume. Testing the breakout. May test back to 43.48
AKAM 10/26 Test 18 16.63 -0.26 17.15 20.25 1.3M 2M 16.32
Buy Not Hit. Pullback on low volume. May continue to pullback to 16.50
AKAM 10/08 Test BO 16.63 -0.26 15.88 19.32 1.3M 1.9M 16.55
Current.
AMLN 10/12 Test 18 33.87 -4.12 35.55 42.25 12M 4M 35.04
Exited.
AQNT 10/15 Asc Bse 20.95 -0.59 21.15 25.15 633K 1.6M 21.42
Current. Nice low volume breakout test, tapping the 10 day EMA
on the low (20.63).
BABY 10/01 Test BO 15.49 +0.39 13.29 15.88 322K 222K 14.89
Target Hit. Took some of the money off the table as stock hit the target intraday on strong volume. Will let the remaining position work for us.
BCRX 10/25 Asc Bse 14.04 -1.15 16.05 19.45 3M 6M 14.71
Buy Not Issued.
BCSI 10/22 Cup hdl 46.02 -0.65 46.15 54.95 174K 543K 43.44
Entered today. Pullback testing the 10 day MVA intraday and rallied back on low volume. In good shape.
BEAV 10/10 Cup hdl 17.85 -0.77 18.05 21.68 953K 950K 17.21
Current. Pullback tapping 17.50 at the intraday low and rallied back on much lower, but strong volume. May continue to test back to 17.59.
BTUI 10/20 Test 18 13.09 -0.39 10.65 12.82 321K 424K 9.92
Buy Not Issued.
CLDN 10/22 Cup hdl 23.27 -0.16 23.66 28.45 78K 155K 22
Buy Not Issued. Pullback testing 18 day MVA intraday and rallied back on lower below average volume. May continue to test back to 23.20
CRM 10/21 Cup hdl 24.22 -1.23 24.41 29.22 1M 1.5M 24.45
Current. Pullback tapping 23.95 at the intraday low and rallied back holding the 10 day MVA on rising, but below average volume. May continue to test back to 24.
DESC 10/13 Test 50 7.83 -0.24 7.55 9.45 636K 1.2M 7.02
Buy Not Issued.
DRRX 10/01 Test BO 6.4 -0.78 7.35 8.75 694K 500K 6.84
Exited.
EMKR 09/15 Test BO 5.07 -0.15 5.62 6.98 230K 450K 5.67
Current.
GENZ 10/25 PreAnn 70.24 -1.35 72.89 83.78 2M 4M 69.69
Buy Not Hit. Pullback holding the 18 day MVA on average volume. May continue to test back to 70.
GES 10/19 DB hdl 25.36 -0.89 25.25 30.42 551K 695K 23.69
Buy Not Issued. Pullback on stronger above average volume. May continue to test back to 24.74
GPN 10/24 PreSplt 83.76 -0.09 85.16 94.95 351K 500K 82.87
Current. Pullback tapping 82.81 at the intraday low and rallied back on below average volume. Should be ready to bounce from here. Meeting resistance at 85.
GVHR 10/12 Cup hdl 27.1 +0.37 25.32 30.98 1.6M 391K 25.42
Current. Huge gap up at the open, but gave most of it back on lower, but very strong volume. May test back to 26.73
HAE 08/31 Asc Bse 47.75 +0.67 45.22 50.98 411K 215K 46.21
Current. Tapped 46.01 at the intraday low and rallied back for a nice gain on very strong volume surge. Meeting some resistance at 48.
HCC 10/26 Asc Bse 28.2 -0.15 28.75 33 479K 857K 27.38
Buy Not Hit. Pullback testing the 10 day MVA intraday and rallied back on lower below average volume. May continue to test back to 28.
HOM 10/15 Pennant 5.77 -0.01 5.18 6.39 1M 1.8M 5.21
Current.
IRIS 10/22 Test BO 23.2 +0.2 21.74 24.99 278K 290K 20.88
Current. Continue to move up the 10 day MVA on stronger above average volume.
IRIS 10/13 Test BO 23.2 +0.2 20.44 24.95 278K 304K 20.88
Current.
KONG 10/05 Test BO 12.83 -0.26 13.45 16.75 247K 383K 13.11
Buy Not Issued. Pullback tapping 12.39 at the intraday low and rallied back on much stronger, but below average volume. May test back to 12.80.
LRCX 10/08 Asc Tri 32.59 -0.71 32.45 37.89 2.5M 3.8M 33.23
Current.
MEDI 10/26 Test 18 33.77 -0.25 34.65 39.95 1.4M 3.4M 33.35
Buy Not Hit.
MINI 10/26 Cup 44.35 -0.99 46.05 52.95 148K 191K 43.89
Buy Not Hit.
NTES 10/24 Test 50 76.67 -2.82 84.35 97.55 959K 1.4M 78.42
Exited.
NTRI 10/18 Test 18 30.46 -1.41 30.86 36.75 722K 1.2M 29.95
Current. Pullback tapping 29.94 at the intraday low and rallied back on average volume. May continue to test back to 30
NVDA 10/06 Test 18 31.45 -0.67 32.89 40.45 1.9M 6.5M 31.38
Buy Not Issued. Ease back holding just below the 50 day MVA on low volume. Should be ready to bounce from here.
NWRE 10/22 Cup hdl 17.14 -0.39 18.24 21.95 151K 487K 16.96
Buy Not Hit. Ease back on very low volume. May continue to pullback to test the 10 day MVA (17)
PEET 10/24 Cup hdl 31.54 -0.72 33.49 38.95 112K 284K 32.15
Buy Not Hit. Pullback tapping 31.15 at the intraday low and rallied back holding the 50 day MVA on rising, but below average volume. Stock needs to hold here.
SMSC 10/10 Test BO 26.78 -2.71 29.79 35.74 496K 293K 28.18
Exited.
SMTS 10/06 Test BO 29.19 -1.71 28.63 34.24 127K 350K 29.48
Current.
SWN 10/24 PreAnn 69.78 -2.22 71.65 85.95 2.6M 2.6M 67.89
Current. Pullback testing the 10 day MVA on average volume. May continue to test back to the 10 day MVA (69.05)
SYKE 10/15 Test BO 13.92 -0.21 14.09 16.95 331K 439K 13.69
Current. Pullback holding the 10 day MVA on rising, but average volume. May continue to test back to 13.42.
TSAI 10/10 Asc Bse 24.96 -3.5 28.96 33.97 1.2M 297K 29.11
Exited.
UNH 10/08 Test BO 54.61 +0.63 56.32 64.95 5.1M 6M 56.15
Current. Gapped up at the open, but gave much of it back holding the 50 day MVA on average volume. Needs to continue to rebound off the 50 day MVA.
VRTX 10/22 Test 18 22.26 -0.14 23.29 27.89 1.2M 2M 21.87
Current.
VRTX 09/06 Test BO 22.26 -0.14 19.46 23.15 1.2M 1.8M 21.87
Current.
WBSN 10/19 Cup 57.52 -1.52 54.88 63.45 937K 832K 52.91
Buy Not Issued. Gapped up at the open, but gave it back on much lower, but above average volume. Need stock to continue with low volume pullback to buy point.
WRES 10/19 Test BO 15.11 -0.49 16.25 19.45 191K 450K 15.11
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ATK 10/22 Put 68.5 -0.78 69.32 67.35 280K 270K 68.89
Current. Nice move down the 10 day MVA on above average volume.
NETL 10/15 Put 19.36 -0.14 19.61 18.05 260K 383K 19.92
Buy Not Issued.
PIR 10/17 Put 9.96 -0.39 10.73 9.19 1.1M 1.3M 10.77
Current.
TRI 10/10 Put 41.49 +0.09 43.41 41.38 1.3M 1.1M 44.08
Bounced on stronger above average volume. May continue to test up to 42.
VAL 09/25 Put 21.75 -0.13 21.95 20.85 279K 313K 21.24
Exited. Did not sell with the market.
WYNN 10/26 Put 43.58 -1.42 44.88 42.38 2M 1.7M 45.88
Buy Not Issued. Big gap down at the open filling the gap intraday on lower, but strong volume. Did not enter the play because of the volatility. Need to see a clear and decisive move. Will let the stock come up to test the 18 day MVA (45.40)
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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