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us stock market, stock watch
Begin part 2 of 2
THE PLAYS
NEW PLAYS:
Upside plays:
Play Date: 11/29/2005
CKFR (Checkfree--$45.94; +1.94; optionable): Financial electronic commerce products
http://biz.yahoo.com/p/c/ckfr.html
After Hours: $45.91
STATUS: Test breakout. CKFR broke out to a 4.5 year high in late October, gapping out of a 7 month cup base. It rallied to 46 and then fell back to test the move, falling back to some support at 44 and the 18 day EMA (44.65). It fell on stronger volume Monday but then jumped right back up Tuesday on even stronger trade. A top rated stock fundamentally to go along with the strong technical pattern. Money flow is running higher ahead of price and CKFR looks ready to resume its move following the money higher.
Volume: 1.195M Avg Volume: 649.754K
BUY POINT: $46.95 Volume=975K Target=$53.65 Stop=$44.45
POSITION: FCQ BI - Feb. $45c (57 delta) &/or Stock
http://www.investmenthouse.com/ct/ckfr.html
CONTINUING PLAYS
Play Date: 11/05/2005
BBBB (Blackboard--$28.80; +0.11; optionable): Multimedia and graphics
http://biz.yahoo.com/p/b/bbbb.html
STATUS: Breakout test. Another nice low volume lateral move above the 10 day EMA (28.51) as BBBB rests with the market, setting up nicely for the next run higher. Just waiting for it to show us the move. To recap: Still working in a very tight, lateral move above the 18 day EMA (28.17) on low volume as it completes the test of the October breakout from a 13 week flat base. Strong money flow continues as BBBB makes this test, a good indication of a continued breakout move ahead.
Volume: 117.967K Avg Volume: 277.268K
BUY POINT: $29.05 Volume=385K Target=$34.65 Stop=$27.55
POSITION: BPU DF - Apr. $30c (48 delta) &/or Stock
http://www.investmenthouse.com/ct/bbbb.html
Play Date: 11/28/2005
VSAT (Viasat--$27.59; -0.04; optionable): Telecom equipment
http://biz.yahoo.com/p/v/vsat.html
STATUS: Test breakout. Coming a back a bit further, tapping toward the 10 day EMA (26.91) on the low and rebounding to close basically flat. Nice action, shaking out the last sellers. May still come back to the 10 day before its is ready to continue the move, but we want to be ready. To recap: VSAT broke out last week from a short but sweet 7 week cup base sporting strong 3 to 0 accumulation. Strong volume on the move, peaking at 28 Friday and easing back on lower volume. Letting it make the test and will move in as it rebounds on rising trade. Solid, top-rated in both fundamentals and technical pattern.
Volume: 92.556K Avg Volume: 180.653K
BUY POINT: $27.25 Volume=271K Target=$32.35 Stop=$26.45
POSITION: IQS BE - Feb. $25c (65 delta) &/or Stock
http://www.investmenthouse.com/ct/vsat.html
CONTINUING PLAY TABLE:
* * SPREADSHEET DOWNLOAD * * *
The following link is to a spreadsheet download of the continuing play table. It will allow subscribers to sort the data for your personal investment use. This is a service to our subscribers only, and no other use of the information is authorized. Simply click on the link, enter your username and password, and download the spreadsheet!
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
AKAM 10/26 Test 18 19.76 +0.01 17.32 20.48 2.2M 2M 18.68
Current. Tapped 19.40 at the intraday low and rallied back on average volume. Came off the day's high of 20.23. Still in uptrend.
AMED 11/28 Rv H&S 43.18 +0.86 43.66 51.45 227K 719K 40.95
Buy Not Hit.
AMGN 11/03 Test BO 81.03 -0.3 78.88 89.95 4.9M 13M 80.95
Current. Pullback holding the 18 day MVA on lower below average volume. Should be ready to move up from here.
AMT 11/21 Test BO 26.75 +0.36 26.81 31.78 3M 4M 25.57
Entered today. Started the play as AMT broke above recent resistance on rising though not huge volume. Will watch for the
successful test & use that to enter more positions.
AQNT 10/15 Asc Bse 25.74 -0.6 21.15 25.15 1.6M 1.6M 25.74
Current. Big gap down and bounced holding just below the 10 day MVA on stronger above average volume. Came off the day's high of 26.50. May continue to test back to 25.19.
ASEI 11/14 DB hdl 66.76 -1.35 72.89 85.95 176K 400K 69.88
Buy Not Issued. Pullback tapping 65.09 at the intraday low and rallied back holding the 18 day MVA on rising, but below average volume.
May test back to 65.86.
BBBB 11/05 Test BO 28.8 +0.11 29.05 34.65 118K 385K 27.55
Buy Not Issued.
BBBB 10/27 Test BO 28.8 +0.11 27.55 32.65 118K 367K 27.72
Current. Testing the breakout. May test back to 10 day MVA (28.45)
BMRN 11/09 Cup hdl 9.65 -0.06 9.72 11.65 187K 500K 9.82
Current.
BOBJ 11/12 Cup hdl 38 -0.19 37.56 43.45 420K 1M 37.11
Current.
CHRS 11/19 Test BO 12.19 -0.14 13.22 15.95 390K 1.2M 12.52
Buy Not Hit.
CMTL 11/16 Test 50 44.57 +1.48 42.85 49.65 432K 650K 41.78
Current.
CONN 11/14 FlyPlat 34.88 -0.82 34.08 39.38 90K 225K 34.55
CRM 11/08 Test BO 30.57 -0.66 26.95 31.95 1.5M 2.1M 29.55
CRM 10/21 Cup hdl 30.57 -0.66 24.41 29.22 1.5M 1.5M 29.55
Current. Pullback on rising, but average volume. May test back to 10 day MVA (30)
CWTR 10/31 PreAnn 31.66 -0.92 30.11 34.98 969K 850K 31.08
Current.
CYTC 11/21 Cup hdl 26.8 +0.01 27.11 32.45 311K 957K 25.98
Buy Not Hit.
ELOS 11/14 Cup hdl 38.9 +1.28 42.21 50.65 1.2M 1.1M 39.98
Current. Solid volume on a bounce off 50 day EMA (37.89). That
is what you want to see, & now we see if it can retake
40 on continued solid trade.
FFIV 11/14 DB hdl 53 +0.9 56.47 65.95 1.3M 1.6M 54.11
Current. Bounced on slightly above average volume holding the 18 day MVA. Looking to continue to rebound.
FLR 10/31 Asc Tri 74.95 +2.1 66.72 75.95 1.1M 1.1M 73.38
Current.
FLSH 10/01 Test 50 30.78 -0.42 30.61 35.98 840K 1M 31.12
Current.
FSL 11/06 DB hdl 25.36 +0.27 25.67 30.75 1M 2.5M 25.97
Current.
GILD 11/22 PreAnn 51.6 -0.52 54.69 62.95 3.1M 5M 52.25
Buy Not Hit.
GILD 11/02 Flat 51.6 -0.52 49.85 56.95 3.1M 4.2M 52.25
Current. Slipped thru the 18 day EMA a bit more on low volume.
Needs to hold the pullback in this area and start back up.
GVHR 10/12 Cup hdl 27.85 -0.47 25.32 30.98 311K 391K 27.71
Current. Pullback on rising, but average volume to hold the 18 day MVA. May continue to test back to 27.50.
GYI 11/19 Test BO 91 -1.27 91.72 100 316K 594K 92.89
Current. Pullback on rising, but below average volume. May continue to test back to 18 day MVA (90)
HSP 11/19 Test BO 44.1 -0.1 44.95 51.95 314K 900K 43.05
Buy Not Hit. Pullback holding the 10 day MVA on low volume. Still in the pattern.
IDXX 10/29 Asc Bse 71.75 -0.46 68.84 78.95 114K 215K 71.22
Current. Gapped down and continued to move down holding just below the 10 day MVA on below average volume. Testing the breakout. Should be ready to move up from here.
KOMG 11/28 Cup hdl 34.93 +1.71 33.88 39.95 1.6M 2.1M 32.25
Buy Not Issued. Gapped higher on strong trade. Likely to show us another test before it is ready to continue. Looking for a
test of 34, and on a rebound from there we will start
the play.
LRCX 10/29 Test BO 37.83 +0.77 33.69 39.95 1.6M 3.5M 36.45
Current. Bounced off the 10 day MVA on low volume. Meeting some resistance at 38.
LUK 11/07 Cup hdl 48.3 0 44.86 52.95 246K 396K 45.98
Current. Tapped 47.69 at the intraday low and rallied back closing flat on rising, but average volume. Beginning to level off holding some of the gain.
MCHP 11/19 Cup hdl 32.14 +0.06 32.58 37.98 797K 1.9M 31.87
Current.
MOT 11/05 Cup hdl 24.15 +0.07 23.65 27.31 18M 29M 23.64
Current.
MRVL 11/02 Rv H&S 54.77 -2.17 48.71 55.88 4.7M 3.5M 55
Current. Gapped up at the open, but reversed on stronger above average volume holding just above the 10 day MVA on stronger above average volume. May continue to test back to 53.70
MSTR 11/15 DB hdl 74.97 +0.33 79.05 88.95 212K 612K 75.89
Buy Not Issued. Bounced on lower below average volume. Holding at some support. Still in the pattern.
NILE 11/07 Test BO 41.63 -0.33 38.55 44.22 262K 251K 41.72
Current. Pullback on lower but average volume. May test back to 41.15
NTRI 10/18 Test 18 38.8 +1.09 30.86 36.75 714K 1.2M 38.25
Current. Tested the 10 day MVA intraday and rallied back on lower below average volume. May continue to test the 10 day MVA (37.50)
NUE 11/21 Cup hdl 66.64 +1.69 65.67 77.95 2.3M 3.4M 62.38
Buy Not Issued. Volume not there to enter the play. Will let test back.
NVDA 11/06 Cup hdl 35.48 -2.4 34.67 39.88 8.7M 6.7M 36.55
Current.
NVDA 10/06 Test 18 35.48 -2.4 33.11 40.65 8.7M 6.5M 36.55
Current. Downgraded to sell & that gapped it below the 18 day
EMA (35.73). A strong stock will overcome the downgrade
& NVDA has been a strong stock.
OXPS 11/16 Test BO 24.31 -0.15 22.65 26.98 1.3M 450K 23.44
Current. Gapped up at the open, but gave it back tapping 23.34 at the intraday low and rallied back on much lower, but strong volume. still in uptrend.
PNRA 11/09 Cup hdl 66.84 -1.15 62.25 71.62 572K 995K 67.98
Pullback tapping 66.10 at the intraday low and rallied back holding the 10 day MVA on lower below average volume. Testing the breakout. May continue to test back to 66.
PSSI 11/17 Rv H&S 16.1 +0.24 15.03 17.98 939K 758K 15.21
Current. Continue with the nice move up the 10 day MVA on stronger above average volume.
QSII 11/10 Flat 88.12 +0.39 72.05 82.85 228K 372K 83.88
Beginning to level off holding the gain on lower below average volume.
RIO 11/28 Asc Tri 43.61 +0.02 44.65 52.95 2.5M 4.3M 42.65
Buy Not Hit.
RL 11/10 Test BO 53.87 +0.58 54.74 62 676K 1.2M 52.77
Buy Not Issued.
SMG 11/07 PreSplt 46.46 +0.17 45.56 50 242K 316K 45
Current.
STMP 11/16 Test BO 23.32 +0.09 23.11 27.25 313K 297K 22.62
Current.
TWGP 10/27 Test BO 20.09 -0.89 17.95 21.45 448K 226K 19.71
Current.
VDSI 11/12 Cup hdl 11.32 -0.07 12.15 14.75 350K 790K 11.35
Buy Not Issued. Pullback tapping 11.10 at the intraday low and rallied back holding the 18 day MVA on lower below average volume. Still forming the handle.
VSAT 11/28 Test BO 27.59 -0.04 27.25 32.35 93K 271K 26.45
Buy Not Issued. Still coming back on low volume, testing 27.21 on the low and snapping back. Looks as if it has a bit more
to give back on this move (10 day EMA at 26.91).
WBSN 11/16 Test BO 64.15 +0.39 65.21 74.95 797K 887K 62.72
Buy Not Issued. Gapped up at the open, but gave much of it back on strong volume. Still in the pattern.
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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