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stock recommendation, stock market report
Begin part 2 of 2
THE PLAYS
Good movers: ADBE; AKAM; CRM; ELOS; ENDP; FFIV; NILE; WBSN
NEW PLAYS:
Upside plays:
Play Date: 12/06/2005
SOX (Philly Semiconductor Index--$0; +0.08; optionable)
http://biz.yahoo.com/p/^/^sox.html
STATUS: Test breakout. After a very modest pullback SOX was right back in the action Tuesday, rebounding after gapping lower near the 10 day EMA (490.20) and running to 510 on the high. It could not hold all of that move, but it looks ready to continue the breakout move after this short respite. As long as it sets up and provides opportunity, we will play it.
BUY POINT: $503.45 Target=$520 Stop=$499.78
POSITION: SJX AA - Jan. $505c (52 delta)
http://www.investmenthouse.com/ct/^sox.html
Play Date: 12/06/2005
PAAS (Pan American Silver--$19.85; +0.5; optionable): Silver mining
http://biz.yahoo.com/p/p/paas.html
After Hours: $19.83
STATUS: Ascending triangle. Volume is surging as PAAS sets up for a breakout from its 20 month triangle. It ahs traded in a range below 20 the past week, bumping up against that level but unable to punch through yet. The strong volume Tuesday suggests it is ready to make that move, and that is where we enter. The breakout takes it to a new all-time high where there is no overhead resistance that will sell into the move.
Volume: 1.974M Avg Volume: 835.514K
BUY POINT: $20.12 Volume=1M Target=$24 Stop=$18.92
POSITION: USP DD - Apr. $20c (54 delta) &/or Stock
http://www.investmenthouse.com/ct/paas.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
ADBE 12/05 Cup hdl 36.99 +1.74 34.97 43 16M 5.1M 35.96
Current. Gapped up at the open and exploded higher on strong volume.
AKAM 10/26 Test 18 21.56 +0.55 17.32 20.48 3.4M 2M 20.88
Current. Broke through resistance at 21 for a nice gain on stronger above average volume.
AMED 11/28 Rv H&S 45.42 +0.51 45.85 53.25 406K 719K 43.62
Entered today.
AMGN 11/03 Test BO 79.78 -0.91 78.88 89.95 4.4M 13M 80.95
Current. Pullback holding the 50 day MVA on low volume. Should be ready to bounce from here.
AMT 11/21 Test BO 27.85 -0.24 26.81 31.78 4M 4M 26.78
Current. Pullback on lower, but strong volume. May test back to 27.30.
AMTD 12/05 Test BO 24.65 +0.22 24.62 28.95 6.1M 5M 23.22
Buy Not Issued. Gapped up at the open, but gave much of it back filling the gap intraday on lower, but strong volume. If stock makes a clear and decisive move tomorrow on strong volume will be a buy.
AQNT 10/15 Asc Bse 26.91 -0.49 21.15 25.15 1.1M 1.6M 26.39
Current. Pullback on lower below average volume. May test back to 26.34
BBBB 11/05 Test BO 30.66 -0.21 30.45 35.95 121K 385K 29.22
Current. Ease back on low volume. May continue to test back to the 10 day MVA (30)
BBBB 10/27 Test BO 30.66 -0.21 27.55 32.65 121K 367K 29.22
Current.
BMRN 11/09 Cup hdl 10.36 -0.16 9.72 11.65 782K 500K 9.82
Current.
BOBJ 11/12 Cup hdl 40.2 -0.27 37.56 43.45 591K 1M 39.25
Current.
BOOM 11/30 Test 50 28.8 +0.53 24.75 29.75 6.5M 2.1M 25.88
Huge gap up, but gave much of it back on strong volume. May begin to level off.
BRCM 12/03 Cup hdl 48.68 +0.93 49.12 56.95 8.1M 10M 46.55
Buy Not Issued. Nice move up on rising volume. Came off the day's high of 49.22. Still in the pattern.
CKFR 11/29 Test BO 46.81 -2.28 47.65 54.25 1.7M 975K 46.32
Current.
CMTL 11/16 Test 50 34.72 -6.79 42.85 49.65 8.3M 650K 42.98
Exited.
CONN 11/14 FlyPlat 37.13 +0.47 34.08 39.38 122K 225K 34.55
CRM 11/08 Test BO 33.39 +1.39 26.95 31.95 1.5M 2.1M 31.31
CRM 10/21 Cup hdl 33.39 +1.39 24.41 29.22 1.5M 1.5M 31.31
Current. Nice move up the 10 day MVA on strong volume.
CWTR 11/30 Test BO 32.49 +0.17 33.44 39.85 530K 1.1M 31.55
Current.
CWTR 10/31 PreAnn 32.49 +0.17 30.11 34.98 530K 850K 31.55
Current.
CYTC 11/21 Cup hdl 28.48 +0.03 28.43 33.75 1.8M 957K 27.21
Current.
ELOS 11/14 Cup hdl 43.15 +1.5 42.21 50.65 2.9M 1.1M 40.55
Current. Broke through resistance at 42 on strong volume surge. Came off the day's high of 44.97
ENDP 12/05 Cup hdl 30.71 +0.72 30.65 36.55 2.5M 2M 29.42
Entered today. Tested the 18 day MVA intraday and rallied back for a nice gain on excellent volume surge.
FFIV 11/14 DB hdl 54.5 +1.43 56.47 65.95 1.5M 1.6M 54.11
Current. Bounced off the 18 day MVA for a nice gain on stronger above average volume. Broke through some resistance at 54.
FLR 10/31 Asc Tri 75.44 +0.21 66.72 75.95 554K 1.1M 73.88
Current.
FLSH 10/01 Test 50 31.82 +0.27 30.61 35.98 652K 1M 31.12
Current.
FSL 11/06 DB hdl 27.13 +0.19 25.67 30.75 1.5M 2.5M 26.12
Current.
GILD 11/22 PreAnn 53.36 -1.03 54.69 62.95 2.8M 5M 52.25
Buy Not Hit.
GILD 11/02 Flat 53.36 -1.03 49.85 56.95 2.8M 4.2M 52.25
Current. Ease back holding the 10 day MVA on lower below average volume. Moving up after testing the breakout.
GLW 12/03 Cup hdl 21.26 -0.01 21.35 24.38 7.5M 17M 20.31
Current.
HSP 11/19 Test BO 44.48 -0.27 44.95 51.95 488K 900K 43.05
Buy Not Issued. Pullback on below average volume. May test back to the 10 day MVA (44.30) Still in the pattern.
IDXX 11/30 Test 18 72.77 +0.37 72.68 81.95 78K 221K 70.95
Current. Tested the 10 day MVA intraday and rallied back on low volume. Moving up after testing the 18 day MVA.
IDXX 10/29 Asc Bse 72.77 +0.37 68.84 78.95 78K 215K 71.22
Current.
INGR 12/05 Flat 49.8 -0.01 50.04 57.95 361K 450K 48.31
Buy Not Hit. Pullback on much lower, but slightly above average volume. Still in uptrend.
ITRI 12/01 Cup 46.31 +0.24 48.55 57.95 217K 600K 46.15
Buy Not Issued. Tested the 18 day MVA intraday and rallied back on low volume. Still in the pattern.
KOMG 11/28 Cup hdl 36.16 -0.22 33.88 39.95 700K 2.1M 32.25
Buy Not Issued. Ease back on low volume. Still in uptrend.
LRCX 10/29 Test BO 38.1 +0.67 33.69 39.95 2.1M 3.5M 37.72
Current. Bounced off the 10 day MVA intraday and rallied back on low volume. Came off the day's high of 38.75. Meeting some resistance here.
LUK 11/07 Cup hdl 47.3 -0.45 44.86 52.95 219K 396K 46.32
Current. Pullback on average volume. Testing the breakout. May test back to 47
MCHP 11/19 Cup hdl 33.66 +0.02 32.58 37.98 1.6M 1.9M 33.11
Current.
MCRS 12/03 DB hdl 50.05 +0.75 50.35 57.55 175K 365K 47.88
Buy Not Hit. Continue to move up the 10 day MVA on low volume. Meeting some resistance here.
MOT 11/05 Cup hdl 23.45 +0.16 23.65 27.31 18M 29M 23.64
Current.
MRVL 11/02 Rv H&S 58.93 -0.18 48.71 55.88 4.9M 3.5M 55.65
Current. Pullback on above average volume. May continue to pullback to 58.
MSTR 11/15 DB hdl 75 +1.81 75.85 86.55 536K 612K 74.25
Buy Not Issued. Tested the 50 day MVA intraday and rallied back holding the 18 day MVA on stronger above average volume. Came off the day's high of 76.24. Still forming the handle.
NILE 11/07 Test BO 42.79 +1.19 38.55 44.22 212K 251K 41.72
Current. Broke through some resistance at 42.
NTRI 10/18 Test 18 42.63 +0.42 30.86 36.75 837K 1.2M 39.05
Current. Continue with the uptrend on below average volume.
NUE 11/21 Cup hdl 69.24 +0.56 65.67 77.95 1.4M 3.4M 62.38
Buy Not Issued. Continue with low volume ascent. Need low volume pullback.
NVDA 11/06 Cup hdl 36.06 +0.15 34.67 39.88 3.1M 6.7M 36.55
Current. Tapped 36.55 at the intraday high, but gave it back showing a doji on the 18 day MVA. Should be ready to bounce from here.
NVDA 10/06 Test 18 36.06 +0.15 33.11 40.65 3.1M 6.5M 36.55
Current.
OII 12/05 Asc Tri 52.61 -0.22 53.45 61.75 204K 491K 51.21
Buy Not Hit.
OXPS 11/16 Test BO 25.28 +0.34 22.65 26.98 749K 450K 23.65
Current. Continue with the uptrend on rising volume.
PNRA 11/09 Cup hdl 67.77 +0.26 62.25 71.62 392K 995K 67.98
Bounced holding the 10 day MVA on lower below average volume. Meeting resistance at 70
PSSI 11/17 Rv H&S 16.17 +0.07 15.03 17.98 389K 758K 15.94
Current. May continue to test back to the 10 day MVA (15.87)
RIO 11/28 Asc Tri 43.98 -0.12 44.65 52.95 3.3M 4.3M 42.65
Buy Not Issued.
RSTI 11/30 Test BO 45.09 +0.52 44.05 51.97 174K 151K 42.32
Buy Not Issued.
SMG 11/07 PreSplt 47.33 +0.29 45.56 50 161K 316K 46.38
Current.
SPIL 11/30 Dbl btm 5.85 -0.08 5.52 6.68 1.3M 1.3M 5.68
Current.
STMP 11/16 Test BO 22.99 -0.14 23.11 27.25 355K 297K 22.62
Current.
TWGP 10/27 Test BO 20.25 -0.2 17.95 21.45 93K 226K 19.71
Current.
VSAT 11/28 Test BO 27.52 -0.15 27.68 32.75 324K 271K 27.05
Current. Tapped 28.84 at the intraday high, but reversed on stronger above average volume. May continue to test back to 10 day MVA (27.40)
VSEA 12/03 DB hdl 43.79 +0.08 46.11 54 600K 1.2M 43.78
Buy Not Hit.
WBSN 11/16 Test BO 67.15 +2.04 66.25 75.95 495K 887K 64.78
Current. Unlike most stocks, WBSN held its gain as it moved
up off the 10 day EMA (64.92) once more.
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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stock recommendation
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