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stock recommendation, stock market report
Begin part 2 of 2
Full report issues Wednesday.
THE PLAYS
Good movers: BCRX; BRCM; DO; EXPE; GRP; GS; HP
NEW PLAYS:
Upside plays:
Play Date: 01/10/2006
CRM (Salesforce.com--$38.25; -0.28; optionable): On demand customer relationship management services
http://biz.yahoo.com/p/c/crm.html
STATUS: Breakout test. CRM gapped higher Friday on an analyst upgrade. That move extended a nice surge off the 50 day EMA (31.88) to start the year after a three week pullback to that level. CRM has come back to test that move, dropping to the 10 day EMA (36.28) intraday to fill the gap and then rebounding to recoup most of the loss. Nice quick fill of the gap and looking for this strong stock to continue higher. Excellent money flow and a relative strength breakout on the move.
Volume: 3.07M Avg Volume: 1.602M
BUY POINT: $38.65 Volume=2.4M Target=$45.95 Stop=$36.87
POSITION: CRM EG - May $35c (68 delta) &/or Stock
http://www.investmenthouse.com/ct/crm.html
CONTINUING PLAYS
Play Date: 01/04/2006
CTXS (Citrix Systems--$29.49; -0.43; optionable): Access infrastructure software
http://biz.yahoo.com/p/c/ctxs.html
After Hours: $29.50
STATUS: Test breakout. Great test of the strong move to start the month, coming back to the 10 day EMA (29.41) on the Tuesday close. Nice test of the breakout from its base, and this is setting up the continued move higher. Really like this action. To recap: Testing the mid-December breakout from a nice 7 week flat base sporting positive 2 to 0 accumulation (2 up price weeks on rising volume to 0 down price weeks on rising volume). This follows the breakout from a longer 11 month base. A top rated stock in fundamentals and technical pattern. Looking to start the play on a further move higher.
Volume: 1.699M Avg Volume: 1.92M
BUY POINT: $29.88 Volume=2.2M Target=$35.95 Stop=$29.05
POSITION: XSQ FF - June $30c (52 delta) &/or Stock
http://www.investmenthouse.com/ct/ctxs.html
CONTINUING PLAY TABLE:
* * SPREADSHEET DOWNLOAD * * *
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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
ACN 12/14 Test 18 30.39 -0.67 29.22 33.95 5.6M 2.7M 29.99
ADBE 12/22 Test BO 38.6 +0.22 38.99 44.75 7.5M 7M 37.67
Current. Bounced off the 10 day MVA on slightly above average volume. Came off the day's high of 39.42. Meeting some resistance at 39.
AMTD 01/04 Test BO 25.21 -0.31 25.11 29.45 5.8M 5M 24.42
Current. Pullback on stronger above average volume. May continue to test back to 25.
BCRX 01/04 Test BO 20.08 +0.51 19.58 23.87 2.6M 4.5M 19.12
Current.
BDX 01/04 DB hdl 62.3 +0.1 61.72 70.97 732K 1.5M 59.75
Buy Not Issued.
BOOM 12/21 FlyPlat 34.23 +0.49 32.23 38.62 764K 2.1M 32.38
Current. Continue with the uptrend on low volume.
BOOM 11/30 Test 50 34.23 +0.49 24.75 29.75 764K 2.1M 32.38
BRCM 01/05 Cup hdl 55.73 +1.69 50.14 59.95 19M 10M 53.72
Current. Another great move up on very strong volume surge.
CMED 01/07 Cup hdl 39.41 +0.58 39.42 46.95 597K 1.2M 37.98
Current. Continue with uptrend on low volume.
CTSH 01/03 Test BO 51.69 -0.56 51.11 58.95 1.3M 2M 49.89
Buy Not Issued. Pullback on lower below average volume. May continue to test back to 51.29.
CTXS 01/04 Test BO 29.49 -0.43 29.88 35.95 1.7M 2.2M 29.05
Buy Not Issued. Gapped down and continued to move down holding the 10 day MVA on average volume. May test back to 29.22.
DO 12/20 Test 18 76.95 +2.95 71.27 81.95 2.5M 2.6M 75.44
Current.
ENER 01/03 Cup hdl 44.38 +1.74 43.65 50.65 1.5M 1.8M 43.11
Current.
EXPE 01/09 Test 50 25.31 +0.89 25.19 29.98 3.6M 2.5M 24.05
Entered today. Big gap up and continued to soar on stronger above average volume. Filled the gap intraday.
FFIV 11/14 DB hdl 63.55 -0.06 56.47 65.95 1.4M 1.6M 62.48
Current. Tapped 64.82 at the intraday high, but gave it back on stronger above average volume. May continue to test back to 62.50
FLSH 12/14 Rv H&S 36.91 +0.04 34.16 39.78 852K 1.6M 35.89
Current. Tapped 36.30 at the intraday low and rallied back on low volume. Continue with uptrend.
FLSH 10/01 Test 50 36.91 +0.04 30.61 35.98 852K 1M 35.89
Current.
GENZ 01/09 Dbl btm 74.42 -0.62 75.48 85.95 3.4M 3.2M 73.38
Buy Not Hit.
GPRO 01/04 Asc Tri 51 -1.5 51.19 59.58 647K 699K 50.88
Current.
GRMN 12/28 DB hdl 64.75 -2.19 66.95 76.45 1.1M 1.7M 64.35
Buy Not Issued. Pullback tapping 64.08 at the intraday low and rallied back holding the 18 day MVA on average volume. May continue to test back to 64.
GRP 01/03 Test BO 49.08 +1.38 45.51 52.95 1.2M 1.7M 46.78
Current. Broke through some resistance at 48 for a nice gain on low volume.
GS 01/09 Dbl btm 132.03 +1.64 131.72 140.25 5.5M 4.2M 129
Entered today. Another great move up the 10 day MVA on excellent volume surge.
HOLX 12/19 DB hdl 39.95 +1.06 39.33 45.85 1M 1.2M 37.78
Current. Tested the 10 day MVA intraday and rallied back for a nice gain on stronger above average volume. Came off the day's high of 40.74. Meeting some resistance at 40
HP 01/05 Test BO 69.3 +2.3 65.85 75.35 651K 725K 67.78
Current. Explosive move on excellent volume making a 52 week high.
LUK 11/07 Cup hdl 48.49 -0.17 44.86 52.95 203K 396K 47.68
Current. Pullback testing the 10 day MVA intraday and rallied back on low volume. May test back to 48.30.
MCRS 01/07 Test 50 52.07 +0.26 51.75 59.55 268K 350K 49.05
Buy Not Issued.
MSTR 11/15 DB hdl 94.43 -2.07 81.22 91.25 411K 612K 94.48
Current. Gapped down at the open and rallied back to recover some of the loss on lower, but above average volume. Still in uptrend.
NDAQ 01/07 Test 50 38.27 -1.16 39.45 48.35 969K 1.6M 37.64
Buy Not Issued. Ease back on low volume. May continue to test back to 10 day MVA (38)
PDLI 12/17 Cup hdl 31.48 +0.25 29.98 35.89 1.5M 2.2M 29.95
Current.
RL 12/28 Test BO 56.72 +0.18 56.95 65.95 343K 1M 54.48
Buy Not Hit.
RVSN 01/07 Test 18 18.75 +0.12 17.45 20.95 510K 471K 17.58
Current.
SNDK 12/20 DB hdl 76.95 -0.16 60.69 72.38 14M 20M 74.98
Current. Pullback on low, but average volume. May begin to level off here holding the gain.
SPIL 12/10 Test BO 7.34 -0.54 6.33 7.65 3.6M 1M 7.52
Current.
SPIL 11/30 Dbl btm 7.34 -0.54 5.52 6.68 3.6M 1.3M 7.52
Current.
STJ 01/06 Test 50 54 -0.2 52.92 61.45 2M 3.1M 52.89
Current. Pullback on lower, but average volume. Still in uptrend.
TIE 01/07 Cup hdl 73.99 -0.36 73.89 84.95 1M 1.2M 71.44
Buy Not Issued. Pullback testing the 10 day MVA intraday and rallied back on above average volume. Meeting resistance at 75.
TSCO 01/09 PreAnn 54.98 +0.82 55.25 63.55 221K 547K 53.55
Buy Not Hit.
TWGP 12/10 Test BO 21.78 -0.18 21.25 25.31 320K 347K 21.12
Current.
TWGP 10/27 Test BO 21.78 -0.18 17.95 21.45 320K 226K 21.12
Current.
VSEA 01/05 Rv H&S 48.49 0 47.29 54.38 680K 1.2M 47.32
Current. May begin to level off here on low volume as stock retains its gain.
VTS 01/03 Test BO 41.4 +0.65 38.39 44.48 502K 941K 40.15
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
IRIS 12/29 Put 22.27 -0.37 21.63 20 96K 300K 22.55
Current. Tapped 23 at the intraday high, but could not hold the gain on low volume. Meeting some support at 22.
LF 12/28 Put 11.9 +0.33 11.65 10.42 584K 500K 11.55
Exited.
RMD 12/21 Put 38.8 +1.03 38.83 36.45 601K 650K 37.05
Current.
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
stock market report
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