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stock recommendation, stock market report
Begin part 3 of 3
Full report issues Wednesday.
THE PLAYS
Good movers: GS; KWK; TOMO; PCP; HP
NEW PLAYS:
Upside plays:
Play Date: 01/31/2006
KCS (KCS Energy--$29.03; +0.28; optionable): Oil and gas drilling
http://biz.yahoo.com/p/k/kcs.html
STATUS: Ascending triangle. Nice 16 week base has formed making higher and higher lows up the 50 day EMA (26.67) below a constant top at 29. It is building for a 9 year high on this breakout. Strong pattern with relative strength ready to make the breakout as well. Great technical pattern and strong fundamentals to go along.
Volume: 412.5K Avg Volume: 661.413K
BUY POINT: $29.45 Volume=992K Target=$35.35 Stop=$27.95
POSITION: KCS FF - June $30c (54 delta) &/or Stock
http://www.investmenthouse.com/ct/kcs.html
Play Date: 01/31/2006
OCAS (Ohio Casualty--$30.14; +0.17; optionable): P&C Insurance
http://biz.yahoo.com/p/o/ocas.html
After Hours: $30.10
STATUS: Ascending base. Volume moved up to average Tuesday as OCAS tapped the 18 day EMA (29.61) on the low and rebounded for a modest gain. It is on the edge of the breakout from an 8 week base that formed making higher lows along support at the 50 day EMA (28.99). Solid 3 to 1 accumulation (3 up price weeks on rising volume to 1 down price weeks on rising volume) is setting up the move along with strong money flow. Insurance stocks are performing well in this market, and OCAS is ready for a new all-time high on a breakout.
Volume: 244.966K Avg Volume: 229.194K
BUY POINT: $30.55 Volume=344K Target=$35 Stop=$29.42
POSITION: OHQ EF - May $30c (54 delta) &/or Stock
http://www.investmenthouse.com/ct/ocas.html
Continuing plays ready to move (see the Monday report):
FORM
ABI
BTUI
SCUR
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
ABI 01/28 Asc Bse 28.34 -0.18 28.88 33.95 977K 1.4M 27.75
Buy Not Hit. Pullback testing the 10 day MVA intraday and rallied back on rising, but below average volume. May continue to test the 10 day MVA (28.21)
ACN 12/14 Test 18 31.53 +0.1 29.22 33.95 3.6M 2.7M 30.82
AMTD 01/04 Test BO 20.24 -0.37 19.11 23.45 6.5M 5M 19.89
Current. Pullback on slightly above average volume. May test back to 20.17
AX 01/26 Test 50 56.85 -2.94 56.89 66.75 591K 600K 57.45
Stock has not made the move we were looking for so will drop.
BCRX 01/04 Test BO 19.03 +0.04 19.58 23.87 797K 4.5M 19.78
Current. A doji at the 18 day EMA (19.14) suggests the rebound
may be over. If cannot make any headway Wednesday we
will close it.
BNT 01/23 Cup hdl 22.03 +0.06 21.78 25.95 696K 579K 20.94
Current.
BOOM 12/21 FlyPlat 37.83 +0.57 32.23 38.62 600K 2.1M 35.68
Current. Tapped 36.25 at the intraday low and rallied back on low volume. continue with the uptrend.
BOOM 11/30 Test 50 37.83 +0.57 24.75 29.75 600K 2.1M 35.68
BRCM 01/18 Test BO 68.2 0 59.28 68.57 11M 10M 66.45
Current. Beginning to make a lateral move on lower, but above average volume holding just of the gain. 10 day MVA moving up to meet the stock
BRCM 01/05 Cup hdl 68.2 0 50.14 59.95 11M 10M 66.45
Current.
BTUI 01/28 Asc Bse 15.6 +0.24 15.82 18.95 153K 445K 14.85
Buy Not Issued. Bounced on very low volume. May test back to 15.
CKCM 01/31 Cup hdl 29.75 +0.26 29.78 34.25 742K 600K 28.12
Buy Not Issued.
CKCM 01/24 Cup hdl 29.75 +0.26 28 33.72 742K 600K 28.12
Current. Continue with the uptrend on strong volume.
CMED 01/07 Cup hdl 43.51 +1.31 39.42 46.95 1.4M 1.2M 40.71
Current. Continue to move up the 10 day MVA for a nice gain on stronger above average volume. Came off the day's high of 44.75
CRM 01/10 Test BO 41.05 -1.6 38.96 45.95 2.5M 2.4M 40.57
Current. Pullback testing the 10 day MVA intraday on strong volume surge. May continue to test 10 day MVA(40.38)
CRUS 01/21 Test BO 8.47 +0.32 8.39 10.49 1M 1.2M 7.88
Buy Not Issued.
CTXS 01/25 Test BO 30.84 -0.2 31.85 36.95 1.4M 3M 30.65
Buy Not Issued. Pullback testing the 18 day MVA intraday and rallied back on below average volume. May continue to test the 18 day
(30.52)
CTXS 01/04 Test BO 30.84 -0.2 30.05 35.95 1.4M 2.2M 30.95
Current.
CYMI 01/21 Test BO 45.14 +0.13 41.35 47.95 1.7M 1M 44.22
Current. Tapped 45.97 at the intraday high, but gave it back on strong volume surge. May test back to 44.
DTAS 01/23 Test 50 13.09 +0.11 13.91 16.77 2.6M 1.2M 12.82
Current. Volume was up as DTAS moved up further off the 50 day
EMA. Trying to recover but GOOG knocked it back to
the 50 day after hrs. If it cannot hold that level
will have to close it.
ENER 01/30 Test BO 50.36 -1.39 52.25 62.75 1.6M 2.4M 49.89
Buy Not Hit.
EXPE 01/09 Test 50 26.02 -0.29 25.19 29.98 1.2M 2.5M 25.02
Current. Pullback tapping 25.60 at the intraday low and rallied basic on low volume. Holding at some support. May continue to test back to 10 day MVA (25.72)
FORM 01/30 Test BO 29.82 -0.46 29.98 35.75 418K 627K 29.02
Buy Not Hit.
GS 01/09 Dbl btm 141.25 +1.38 131.72 140.25 4.9M 4.2M 38.85
Current. Tapped 138.45 at the intraday low and rallied back for a nice gain on stronger above average volume.
HAL 01/25 Test BO 79.55 -1.24 73.55 84.75 9M 10M 78.12
HAL 01/17 PreAnn 79.55 -1.24 71.93 82.89 9M 8M 78.12
Current. Pullback on lower, but strong volume. May continue to test back to 78.93
HOLX 12/19 DB hdl 51.46 +0.64 39.33 45.85 783K 1.2M 49.89
Current. Continue with the uptrend meeting some resistance at 52.50
HP 01/05 Test BO 78.36 +1.24 65.85 75.35 797K 725K 76.21
Current. Nice move up the 10 day MVA on stronger above average volume.
KWK 01/19 Cup hdl 50.27 +3.84 46.88 55 2.2M 1.6M 48.35
Current.
LCAV 12/15 PreAnn 56.17 +0.75 50.28 61.32 320K 1M 54.21
Current.
MER 01/10 Flat 75.07 +0.68 70.15 80.45 5.8M 6.2M 73.11
Current. Gapped down at the open and rallied back on stronger above average volume. Continue with the uptrend.
MSTR 01/14 Test BO 96.11 -3.43 96.72 111 621K 493K 96.98
Current.
MSTR 11/15 DB hdl 96.11 -3.43 81.22 91.25 621K 612K 96.98
Current. Pullback tapping 95.22 at the intraday low and rallied back on stronger above average volume. May continue to test back to 95.
NIHD 01/12 Test 18 49.4 +0.1 47.21 55.95 1.1M 2.1M 48.44
Current. Tapped 48.63 at the intraday low and rallied back on rising, but below average volume. Meeting some resistance at 50.
NOVL 01/24 Flat 9.74 +0.07 9.36 11.29 6.7M 6M 9.21
Current.
NWRE 01/25 FlyPlat 27.15 -1.81 28.87 35.95 1.4M 883K 27.11
Current.
NXY 01/25 Test BO 57.42 +0.26 56.75 64.95 312K 628K 55.05
Current.
RCCC 01/21 Cup hdl 17.1 +0.06 17.68 21.75 130K 140K 16.44
Buy Not Hit. gapped down at the open and rallied back holding the 10 day MVA on very strong volume surge. May test back to 17.
RVSN 01/07 Test 18 18.14 -0.34 17.45 20.95 435K 471K 17.89
Current.
SCUR 01/28 Cup hdl 14.56 +0.11 14.88 17.88 424K 852K 14.18
Buy Not Hit. Bounced off the 10 day MVA on average volume. Still forming the handle
SLB 01/26 PreSplt 127.45 -3.2 127.11 137 7.7M 7M 128.25
Current. Pullback on above average volume. May test back to 125.
SNDK 01/14 Test BO 67.36 +1.07 73.72 89.45 14M 21M 71.55
Current.
SNDK 12/20 DB hdl 67.36 +1.07 60.69 72.38 14M 20M 71.55
Current. Continuing the recovery off the gap down, still on
lower volume but making progress toward the 18 day
EMA at 68.91. That on up to 70 will be a critical area.
THE 01/21 Cup 44.6 -0.09 46.06 54.95 1.7M 2.3M 43.94
Current.
TOMO 01/30 Rv H&S 23.83 +0.48 23.68 28.49 490K 375K 22.35
Entered today. Tapped 23 at the intraday low and rallied back for a nice gain on lower, but strong volume.
VAR 01/11 Test 50 60.21 +0.36 53.32 61.35 1.6M 1.2M 57.88
Current. Continue with uptrend on lower, but strong volume.
VSEA 01/28 Test BO 49.53 -1.53 51.12 58.78 793K 1.4M 49.65
Buy Not Issued.
VSEA 01/05 Rv H&S 49.53 -1.53 47.29 54.38 793K 1.2M 49.97
Current. Pullback on average volume. May continue to test back to 18 day MVA (48.80)
VTS 01/03 Test BO 45.06 -0.03 38.39 44.48 385K 941K 43.55
Current.
WBSN 01/30 Dbl btm 65.93 +0.88 66.45 75.55 911K 750K 63.38
Entered today. An aggressive entry ahead of earnings & WBSN rallied well until last hour when it faded back. Solid EPS, 2:1 split, upside guidance. GOOG earnings were influencing it lower, however (64). Could recover after GOOG influence wears off as strong report.
WFT 01/25 Test BO 44.78 -0.27 43.25 49.95 2.4M 5.5M 42.48
Current. Pullback tapping 44.03 at the intraday low and rallied back on low volume. May test back to 44.
WRES 01/12 Cup hdl 17.69 +0.19 17.73 21.38 235K 676K 16.88
Current. Bounced off the 10 day MVA on low volume. Meeting some resistance here.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
PCP 01/23 Put 49.95 -0.8 49.27 47.65 927K 900K 50.22
Current. Opened on the 50 day MVA and turned over for a nice move down the 10 day MVA on above average volume
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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