|
|
us stock market, trend trading stock
Begin part 2 of 2
THE PLAYS
Good movers: CYMI; GS; HAL; HOLX; HP; LCAV; VAR; VTS; PCP
NEW PLAYS:
Upside plays:
Play Date: 01/26/2006
AX (Archipelago Holdings--$56.4; +3.32; optionable): Equity trading service/market
http://biz.yahoo.com/p/a/ax.html
STATUS: Test 50 day EMA. Volume swelled the past three sessions and then AX took off Thursday from the 50 day EMA (51.98), jumping higher after a 5 week lateral move at that level. AX is working on the right side of a cup, but it has a history of showing this kind of pattern and then surging on up. Looking to move in on continued strong volume.
Volume: 824.3K Avg Volume: 534.959K
BUY POINT: $56.89 Volume=600K Target=$66.75 Stop=$54
POSITION: AX GK - July $55c (64 delta) &/or Stock
http://www.investmenthouse.com/ct/ax.html
Play Date: 01/26/2006
SLB (Schlumberger--$124.34; +3.64; optionable): Oil and gas service company. Splits 2:1 on 4-10-06
http://biz.yahoo.com/p/s/slb.html
After Hours: $124.52
STATUS: Test breakout. A quick test of the 10 day EMA (117.61) Wednesday and Thursday and then starting back up Thursday after that intraday test. Lots of momentum after the split announcement and then the strong earnings announcement the next session. Ready to catch some more of that momentum as it continues the move. Using options to leverage our return on this one.
Volume: 7.03M Avg Volume: 5.806M
BUY POINT: $124.92 Volume=7M Target=$135 Stop=$122.15
POSITION: SLB EZ - May $130c (48 delta) or SLB CU - Mar. $125c (53 delta)
http://www.investmenthouse.com/ct/slb.html
Continuing Plays:
Play Date: 01/25/2006
CTXS (Citrix Systems--$31.3; +0.02; optionable): Internet access infrastructure software
http://biz.yahoo.com/p/c/ctxs.html
After Hours: $31.32
STATUS: Breakout test. Still in the test of the strong break higher two weeks back on the stellar earnings, holding above the 10 day EMA (30.98) on low volume Thursday. Looks ready. To recap: CTXS made us a nice gain already this month when it reported strong earnings and shot higher. It has come back to test that move, basically filling the gap as it has come back to rest on the 10 day EMA. Volume is starting back up as it sits on this support. That will drive it higher. Looking for a continuation of the breakout run after this nice test.
Volume: 1.794M Avg Volume: 2.129M
BUY POINT: $31.85 Volume=3M Target=$36.95 Stop=$30.65
POSITION: XSQ FF - June $30c (65 delta) &/or Stock
http://www.investmenthouse.com/ct/ctxs.html
Play Date: 01/25/2006
WFT (Weatherford International--$43.21; +0.47; optionable): Oil and gas service company
http://biz.yahoo.com/p/w/wft.html
STATUS: Breakout test. Nice reach below the 10 day EMA (42.24) Thursday and then a recovery to close positive on rising volume. This is the action we were looking for, completing the test and starting back up. Still a buy on a continued move from this level. To recap: WFT is making its second test of the breakout from its 14 week cup with handle base, fading back to the 10 day EMA tapping that level on the Wednesday low and rebounding modestly to the close. Energy stocks were generally under pressure after a strong move higher, and we like that WFT fell back on continued below average volume. Service companies are the hottest of the group.
Volume: 3.807M Avg Volume: 4.594M
BUY POINT: New: $43.45 Volume=5.5M Target=$49.95 Stop=$41.89
POSITION: WFT EA - May $42.50c (63 delta) &/or Stock
http://www.investmenthouse.com/ct/wft.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
You will need your password. If you need help click on this link and our automated system will email it to you immediately once you fill in your email address:
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 31.22 +0.25 29.22 33.95 3.8M 2.7M 30.48
AMTD 01/04 Test BO 20 +0.62 19.11 23.45 10M 5M 19.39
Current. Volatile session tapping 19.25 at the intraday low and rallied back for a nice gain on lower, but strong volume. Meeting some resistance at 20. Came off the day's high of 20.25
ANGO 01/18 Test BO 29.54 +0.76 27.69 33.55 120K 205K 25.75
Buy Not Issued. The stock has not made the move we were looking for so will drop, but will keep our eye on it.
ATMI 01/18 Cup hdl 33.14 +1.19 32.65 39 505K 862K 30.89
Buy Not Issued. Needs to show more trade. Volume up but not enough
as ATMI jumped off the 10 day MA. If it can show some
stronger trade we would still consider it, but thus
far it is just following the pack.
BCRX 01/04 Test BO 19.84 -0.18 19.58 23.87 429K 4.5M 19.78
Current.
BNT 01/23 Cup hdl 20.1 +0.35 19.69 23.65 442K 579K 18.35
Buy Not Issued.
BOOM 12/21 FlyPlat 35 +0.42 32.23 38.62 269K 2.1M 33.39
Current. Tapped 34.37 at the intraday low and rallied back on low volume. Holding at some resistance.
BOOM 11/30 Test 50 35 +0.42 24.75 29.75 269K 2.1M 33.39
BRCM 01/18 Test BO 58.72 +0.64 59.28 68.57 15M 10M 56.95
Current.
BRCM 01/05 Cup hdl 58.72 +0.64 50.14 59.95 15M 10M 56.95
Current. Blew out earnings after hours & announced a 3:2 stock
split. Trading at 63.50 after closing at 58.72. Nice
payday ahead and more down the road from this strong
leader.
CKCM 01/24 Cup hdl 27.75 -0.37 28 33.72 551K 600K 26.15
Current. Gapped up at the open, but gave it back tapping 26.73 at the intraday low. May test back to 27.07
CMED 01/07 Cup hdl 39.68 -0.82 39.42 46.95 655K 1.2M 39.77
Current. Pullback holding just below the 10 day MVA on low volume. May continue to test back to 18 day MVA (38.47)
CRM 01/10 Test BO 40.18 +0.66 38.96 45.95 1.4M 2.4M 39.65
Current. Bounced on low volume holding at some resistance.
CRUS 01/21 Test BO 8.28 +0.23 8.39 10.49 1.9M 1.2M 7.88
Buy Not Hit. Earnings were not enough to send it higher to the breakout. Still in a good pattern so we will see how it responds.
CTXS 01/25 Test BO 31.3 +0.02 31.85 36.95 1.8M 3M 30.65
Buy Not Hit.
CTXS 01/04 Test BO 31.3 +0.02 30.05 35.95 1.8M 2.2M 30.95
Current. Gapped up at the open, but gave much of it back on below average volume. Beginning to make a lateral move along the 10 day MVA.
CYMI 01/21 Test BO 45.57 +2.44 41.35 47.95 2.3M 1M 43.05
Current. Gapped up for an explosive move on excellent volume surge.
DTAS 01/23 Test 50 14.09 +0.39 13.91 16.77 2M 1.2M 13.32
Current. Tested the 10 day MVA intraday and rallied back for a nice move on stronger above average volume. Came off the day's high of 14.40. Moving up after testing the 50 day MVA.
ENER 01/03 Cup hdl 51.75 +1.45 43.65 50.65 3.3M 1.8M 55.05
Trailing Stop. Dove lower again and then reversed for a gain, closing at the 10 day EMA. After shaking us out, instead of
kickiing our butts blue we are looking at another play
off of this test. A move thru 52.25 & we will do just that.
EXPE 01/09 Test 50 25.67 +0.37 25.19 29.98 1.2M 2.5M 25.02
Current. Tested the 18 day MVA intraday and rallied back on low volume. Meeting some resistance at 26.
FSL 01/11 Test 50 26.7 +0.73 26.62 32.95 1.8M 2.8M 25.75
Buy Not Hit. Bounced off the 50 day MVA intraday and rallied back for a nice gain on rising, but average volume. Volume not there to enter the play. If stock continues the move on strong volume will still be a buy.
GRP 01/03 Test BO 48.4 +0.4 45.51 52.95 4.1M 1.7M 48.65
Trailing Stop.
GS 01/09 Dbl btm 137.4 +3.84 131.72 140.25 4.8M 4.2M 135.27
Current. Bounced off the 10 day MVA for a great move on excellent volume making a 52 week high.
HAL 01/25 Test BO 75.15 +0.91 73.55 84.75 11M 10M 72.32
Nice test thru the 10 day & rebounding on volume. Still
a buy on a further recovery.
HAL 01/17 PreAnn 75.15 +0.91 71.93 82.89 11M 8M 75.15
Current.
HOLX 12/19 DB hdl 50.55 +2.24 39.33 45.85 1.8M 1.2M 48.35
Current. Great move up the 10 day MVA on stronger above average volume making a 52 week high.
HP 01/05 Test BO 73.55 +2.52 65.85 75.35 1.2M 725K 70.69
Current. Tested the 18 day MVA intraday and made a fierce rally back for a nice gain on very strong volume surge.
KWK 01/19 Cup hdl 43.8 -0.38 46.88 55 799K 1.6M 44.05
Current.
LCAV 12/15 PreAnn 53.89 +1.51 50.28 61.32 659K 1M 51.55
Current.
MER 01/10 Flat 74.32 +0.95 70.15 80.45 8.6M 6.2M 72
Current. Continue to move up the 10 day MVA on strong volume surge making a 52 week high.
MSTR 01/14 Test BO 95.7 +1.27 96.72 111 215K 493K 93.39
Current. Tested the 10 day MVA intraday and rallied back on low volume. Meeting some resistance at 96
MSTR 11/15 DB hdl 95.7 +1.27 81.22 91.25 215K 612K 93.39
Current.
NFX 01/21 DB hdl 49.35 -0.5 52.65 60.95 1.5M 1.9M 50.78
Buy Not Hit. The stock has not performed so will drop.
NIHD 01/12 Test 18 49.5 +0.49 47.21 55.95 986K 2.1M 48.14
Current. Continue with the trend higher on low volume.
NOVL 01/24 Flat 9.32 -0.02 9.36 11.29 5.8M 6M 8.96
Current.
NWRE 01/25 FlyPlat 27.55 +0.03 28.65 35.65 302K 883K 26.77
Buy Not Hit.
NXY 01/25 Test BO 54.72 +0.39 55.08 63.95 396K 628K 53.22
Buy Not Hit.
ORBK 01/19 Rv H&S 24.99 +0.12 26.35 30.95 49K 250K 24.87
Buy Not Hit. Bounced holding the 18 day MVA on low volume. Still in the pattern.
RCCC 01/21 Cup hdl 17.34 +0.38 17.68 21.75 60K 140K 16.44
Buy Not Hit. Gapped up at the open on rising, but average volume. Still forming the handle.
RVSN 01/07 Test 18 18.85 +0.04 17.45 20.95 403K 471K 17.89
Current.
SNDK 01/14 Test BO 70.68 +0.33 73.72 89.45 35M 21M 71.55
Current. Nice recovery from a big intraday shakeout, closing over 18 day MVA. Earnings disappointing, however and was down after hours to 50 day MVA. Earnings beat by .05 revs beat expectations. Some Q1 softness but making it up elsewhere. Huge qtr Will see if can recover.
SNDK 12/20 DB hdl 70.68 +0.33 60.69 72.38 35M 20M 71.55
Current.
THE 01/21 Cup 43.95 -0.12 46.06 54.95 2.7M 2.3M 43.94
Current.
ULTI 01/18 Test BO 22.19 +0.6 20.65 23.89 190K 203K 19.65
Buy Not Issued. Another upside session but closed well off the high. Will look for the test of teh 21ish level to give us
a better entry point.
VAR 01/11 Test 50 57.63 +2.75 53.32 61.35 3.8M 1.2M 55.89
Current. Big gap up and continued to soar for a great move on strong volume surge.
VSEA 01/05 Rv H&S 53 +0.82 47.29 54.38 1.3M 1.2M 50.88
Current. Gapped up at the open on lower, but strong volume. Filled the gap intraday. Continue with the uptrend.
VTS 01/03 Test BO 44.5 +1.03 38.39 44.48 480K 941K 42.25
Current.
WFT 01/25 Test BO 43.21 +0.47 43.25 49.95 3.8M 5.5M 41.89
Entered today. Tapped 41.61 at the intraday low and rallied back on rising, but average volume. Looking to continue to move up after testing the breakout.
WRES 01/12 Cup hdl 17.39 +0.1 17.73 21.38 353K 676K 16.88
Current. Tapped 16.80 at the intraday low and rallied back on average volume. May continue to test back to 17 (18 day MVA)
ZIGO 01/23 Dbl btm 16.76 +0.06 17.12 20.68 171K 200K 16.21
Buy Not Hit.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
LSTR 01/25 Put 41.32 +1.32 39.87 38.89 399K 500K 50.85
Buy Not Hit. Bounced on lower, but average volume holding the 50 day MVA. Should turn over here.
PCP 01/23 Put 49.26 -0.95 49.27 47.65 1.7M 900K 50.22
Entered today. Nice move down the 10 day MVA on strong volume surge.
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.
|
us stock market
trend trading stock
|
