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Begin part 2 of 2
THE PLAYS
Good movers: CRM; FLSH; GPN SYKE; UNH
NEW PLAYS:
Upside plays:
Play Date: 11/01/2005
HOLX (Hologic--$57.21; +1.75; optionable): Medical appliances. Splits 2:1 on 12-1-05
http://biz.yahoo.com/p/h/holx.html
After Hours: $57.21
STATUS: Ascending triangle. HOLX volume jumped Tuesday as HOLX moved off the 18 day EMA (54.95), continuing its Monday start up off the 50 day EMA (52.34). Strong money flow is moving higher ahead of price. This is a stock that is a market leader and sports great fundamental and technical underpinnings. Ready to move in on a further bounce on solid trade. This stock can rip off big chunks of real estate in a hurry.
Volume: 516.637K Avg Volume: 351.323K
BUY POINT: $57.65 Volume=527K Target=$65 Stop=$54.65
POSITION: QHX CL - Mar. $60c (49 delta) &/or Stock
http://www.investmenthouse.com/ct/holx.html
Play Date: 11/01/2005
NTES (Netease.com--$82.83; +6.56; optionable): Chinese internet
http://biz.yahoo.com/p/n/ntes.html
After Hours: $82.76
STATUS: Double bottom. Taking another run at NTES, a very volatile stock. It has made a short but nice double bottom at 75 where there is support from the August lateral range. Volume shot higher Tuesday as NTES jumped back through the 50 day EMA (78.49), following money flow that has turned higher. Looking to catch the momentum as it heads higher toward the prior high at 95.
Volume: 2.389M Avg Volume: 1.309M
BUY POINT: $83.55 Volume=1.5M Target=$94.89 Stop=$78.38
POSITION: NQG AQ - Jan. $85c (49 delta) &/or Stock
http://www.investmenthouse.com/ct/ntes.html
CONTINUING PLAYS
Play Date: 10/29/2005
MACR (Macromedia--$44.63; +0.72; optionable): Multimedia and graphics software
http://biz.yahoo.com/p/m/macr.html
STATUS: Cup w/handle. Gapped lower Tuesday but recovered to move through the buy point. Volume was again above average, but wanted to see a bit more given the gap lower and recovery. Looks super and ready to move in as it continues higher on volume. To recap: MACR broke higher Wednesday on strong trade but immediately fell back into its week long handle to its 5 month base. Solid pattern that used the 200 day SMA (37.97) as support, a key institutional support level. Strong 7 to 3 accumulation in the base shows plenty of buying. Money flow is strong and relative strength broke out last week. Looking for MACR to finish off its handle this week and show us a strong move higher.
Volume: 1.106M Avg Volume: 852.458K
BUY POINT: New: $44.85 (orig. $44.45) Volume=1.5M Target=$52.95 Stop=$41.97
POSITION: NRQ BI - Feb. $45c (50 delta) &/or Stock
http://www.investmenthouse.com/ct/macr.html
CONTINUING PLAY TABLE:
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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 20 428.54 -4.10 440.33 459 0 0 444.78
Current. May test back to support at 425.69
AH 10/19 Cup hdl 44.44 -0.27 45.33 52.45 384K 780K 43.94
Current. Tapped 45.14 at the intraday high, but gave it back on below average volume. May continue to test back to the 10 day MVA (44.25).
AKAM 10/26 Test 18 16.7 -0.64 17.32 20.48 6.2M 2M 16.54
Current. Pullback tapping 16.45 at the intraday low and rallied back on very strong volume surge. May continue to test back to the 18 day MVA (16.65)
AQNT 10/15 Asc Bse 21.3 -0.35 21.15 25.15 870K 1.6M 21.42
Current. Pullback testing the 10 day MVA intraday and rallied back on average volume. May continue to test back to the 10 day MVA (21.05)
BABY 10/01 Test BO 16.36 -0.03 13.29 15.88 265K 222K 15.25
Current. Pullback tapping 15.97 at the intraday low and rallied back on lower, but strong volume. Still in uptrend.
BBBB 10/27 Test BO 27.9 -0.2 27.55 32.65 297K 367K 26.52
Current. Pullback tapping 27.20 at the intraday low and rallied back on lower, but above average volume. Meeting some resistance at 28.
BCSI 10/22 Cup hdl 47.54 +0.55 46.15 54.95 245K 543K 43.89
Current. Continue with the uptrend on average volume. Meeting resistance here.
BEAV 10/10 Cup hdl 18.27 +0.14 18.05 21.68 922K 950K 17.21
Current. Tested the 10 day MVA intraday and rallied back on stronger above average volume. Came off the day's high of 18.48. Meeting some resistance at 18.50.
CLDN 10/22 Cup hdl 22.85 -0.31 23.66 28.45 94K 155K 22
Buy Not Issued. Gapped up at the open, but gave it back holding the 18 day MVA on lower below average volume. Still forming the handle.
CRM 10/21 Cup hdl 25.66 +0.67 24.41 29.22 766K 1.5M 24.45
Current. Tested the 10 day MVA intraday and rallied back for a nice gain on below average volume. Continue with the uptrend making an all time high.
CWTR 10/31 Dbl btm 27.04 +0.05 27.32 31.88 441K 850K 25.87
Buy Not Hit.
DESC 10/13 Test 50 8 -0.03 7.55 9.45 507K 1.2M 7.02
Buy Not Issued.
EMKR 09/15 Test BO 5.27 -0.25 5.62 6.98 217K 450K 5.67
Current. Sold through the 50 day EMA (5.34) but is still in
its 2-month range and volume was low.
ESV 10/29 DB hdl 47.4 +1.81 46.28 54.45 3.1M 4M 44.35
Buy Not Hit. If stock keeps going from here with good volume will be a buy.
FLR 10/31 Asc Tri 64.02 +0.42 64.65 74.45 760K 1.1M 62.25
Buy Not Hit.
FLSH 10/01 Test 50 32.33 +0.64 30.61 35.98 1M 1M 31.12
Current.
GENZ 10/25 PreAnn 71.88 -0.42 72.89 83.78 2.5M 4M 69.69
Buy Not Hit. Pullback tapping 71.07 at the intraday low and rallied back on lower, but above average volume. Meeting resistance at 72.
GES 10/19 DB hdl 27.81 +0.69 26.35 31.45 576K 695K 24.88
Buy Not Issued. Made a low volume ascension and did not give a clear break. Will let stock test back.
GPN 10/24 PreSplt 43.88 +1.03 42.58 47.48 1.3M 500K 42.22
Current. Continue with the uptrend for a nice gain on strong volume.
GVHR 10/12 Cup hdl 25.9 +0.19 25.32 30.98 575K 391K 25.42
Current. Bounced on above average volume showing a doji just above the 18 day MVA. Should be ready to bounce from here.
HAE 08/31 Asc Bse 48.85 +0.4 45.22 50.98 199K 215K 47.18
Current. Tapped 47.87 at the intraday low and rallied back on average volume. continue with the uptrend.
HCC 10/26 Asc Bse 30.18 +0.18 28.75 33 425K 857K 27.89
Current. Continue to move up the 10 day MVA on low volume.
HOM 10/15 Pennant 5.42 -0.14 5.18 6.39 1.3M 1.8M 5.21
Current.
IDXX 10/29 Asc Bse 69.48 -0.65 68.75 78.95 332K 215K 66.68
Buy Not Issued.
IRIS 10/22 Test BO 23.49 +0.04 21.74 24.99 251K 290K 20.88
Current. Continue with the uptrend on stronger above average volume. Came off the day's high of 17.50
IRIS 10/13 Test BO 23.49 +0.04 20.44 24.95 251K 304K 20.88
Current.
LRCX 10/29 Test BO 33.7 -0.04 33.69 39.95 1.9M 3.5M 32.57
Current. Pullback on low volume. Moving up after testing the breakout.
MACR 10/29 Cup hdl 44.63 +0.72 44.45 52.95 1.1M 1.5M 41.97
Buy Not Issued. Gapped down at the open and bounced off the 10 day MVA on lower, but strong volume. Volume not there to enter the play. If stock continues the move tomorrow with strong volume will be a buy.
MCHP 10/29 Test 50 29.37 -0.62 30.62 32.55 2.2M 2M 29.28
Buy Not Issued.
MEDI 10/26 Test 18 35.17 +0.19 34.65 39.95 2.1M 3.4M 33.35
Buy Not Issued.
MINI 10/26 Cup 46.01 -0.67 46.05 52.95 44K 191K 43.89
Buy Not Issued.
NTRI 10/18 Test 18 30.01 +0.04 30.86 36.75 607K 1.2M 29.95
Current. Showing a doji just above the 10 day MVA on low volume. Testing the breakout. Should be ready to bounce from here.
NVDA 10/06 Test 18 33.14 -0.41 33.11 40.65 3.3M 6.5M 32.12
Current. Pullback on lower below average volume. May continue to test back to 33.
NWRE 10/22 Cup hdl 19.08 +0.26 18.65 22.38 498K 487K 17.34
Current. Continue with the uptrend on slightly above average volume.
PEET 10/24 Cup hdl 32.2 -1.07 33.49 38.95 142K 284K 32.15
Buy Not Hit. Pullback testing the 18 day MVA intraday and rallied back on rising, but average volume. Still in the pattern.
RHI 10/29 Test BO 37.12 +0.24 36.89 43.45 720K 1M 35.55
Buy Not Issued.
SMTS 10/06 Test BO 30.43 -0.09 28.63 34.24 118K 350K 29.48
Current. Gapped up at the open, but gave it back testing the 10 day MVA intraday and rallied back on rising, but below average volume. still in good shape.
STJ 10/31 Test BO 48.34 +0.27 48.35 54.95 2.6M 2.2M 47.11
Buy Not Issued. Gapped up showing a doji on stronger above average volume. Meeting resistance at 48.80.
SWN 10/24 PreAnn 70.93 -1.61 71.65 85.95 2.9M 2.6M 67.89
Current. Pullback testing the 10 day MVA intraday and rallied back on slightly above average volume. Beginning to level off.
SYKE 10/15 Test BO 14.76 +0.32 14.09 16.95 243K 439K 14.04
Current. Another nice move up the 10 day MVA on low volume.
TV 10/31 DB hdl 75.11 +2.01 73.62 82.85 527K 796K 70.35
Buy Not Issued.
TWGP 10/27 Test BO 18.52 -0.75 17.95 21.45 485K 226K 18.12
Current.
UNH 10/08 Test BO 59 +1.11 56.32 64.95 10M 6M 57.92
Current. Gapped up at the open for a great move on excellent volume surge.
WBSN 10/19 Cup 58.33 -0.75 54.88 63.45 313K 832K 52.91
Buy Not Issued. Volume not there to enter the play. Will let stock test back.
WRES 10/19 Test BO 15.27 -0.2 16.25 19.45 161K 450K 15.11
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ATK 10/22 Put 70.7 +0.48 69.32 67.35 272K 270K 68.89
Current. Tapped 71.40 at the intraday high, but could not hold the entire gain on lower, but above average volume. may continue to test up to 71.
FRK 10/27 Put 55.53 -1.37 54 51 491K 650K 55.78
Current. Moving down below the 10 day MVA on rising volume. Meeting support here.
NETL 10/15 Put 19.36 -0.2 19.61 18.05 220K 383K 19.92
Buy Not Issued.
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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