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trend trading stock, trading system
Begin part 2 of 2
THE PLAYS
Good movers: ISE; NOVL; SIRF; DST; RRC
NEW PLAYS:
Upside plays:
Play Date: 02/23/2006
AQNT (Aquantive--$27.38; +1.54; optionable): Internet services
http://biz.yahoo.com/p/a/aqnt.html
After Hours: $27.40
STATUS: Test 50 day EMA. AQNT is working laterally in a range over the past 13 weeks, trading around the 50 day EMA (25.77). This week it tested again on low volume and jumped higher Thursday on very strong trade. Showing some big upside volume spiked the past two weeks, and that indicates buying. The pattern is similar to a head and shoulders, and that is not positive, but the action shows accumulation; indeed it is 3 to 1 since January (3 up price weeks on rising volume to 1 down price weeks on rising volume). Money flow is surging higher. Looking for AQNT to power through the 28 shoulder tops on strong volume to start the play. A top ranked stock in earnings and sales growth.
Volume: 2.27M Avg Volume: 1.221M
BUY POINT: $28.11 Volume=1.8M Target=$33.75 Stop=$26.25
POSITION: QBT FE - June $25c (69 delta) &/or Stock
http://www.investmenthouse.com/ct/aqnt.html
Play Date: 02/23/2006
OII (Oceaneering Intl.--$57.79; +1.14; optionable): Oil and gas drilling
http://biz.yahoo.com/p/o/oii.html
STATUS: Ascending base. OII is coming off a test lower in February with the energy selling, rebounding just below the 50 day EMA (54.73) and making a higher low in its 12 week pattern. It has some overhead supply at 60 on the January peak, but we really like the way volume has really come back into the stock on the upside; lots of buyers sending it higher. After a pause Tuesday and Wednesday that tested the 18 day EMA (55.99), volume was up as OII started off that near support. Looking for volume to continue as it further the rebound off the test.
Volume: 404.2K Avg Volume: 249.15K
BUY POINT: $58.25 Volume=374K Target=$69.95 Stop=$55.55
POSITION: OII GL - July $60c (52 delta) &/or Stock
http://www.investmenthouse.com/ct/oii.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 32.39 -0.05 29.22 33.95 1.8M 2.7M 31.75
ADCT 02/15 Cup hdl 26.8 -0.35 26.94 32 1.2M 2M 26.12
Current.
AXE 02/09 Test 18 46.15 -0.11 44.65 51.65 151K 424K 45.39
BMRN 02/18 Cup hdl 12.18 +0.11 12.21 14.65 405K 700K 11.55
Buy Not Issued. Tested the 10 day MVA intraday and rallied back on rising, but average volume. Looking good, but need to see more volume on upside move.
BTUI 01/28 Asc Bse 15.88 -0.57 16.28 19.45 129K 445K 16.65
Current. Ease back on low volume. Struggling to break through 18 day MVA (16.40)
CRUS 01/21 Test BO 7.8 -0.24 8.39 10.49 421K 1.2M 7.88
Buy Not Issued.
CTXS 01/25 Test BO 31.24 -0.22 31.05 36.95 1.4M 3M 30.31
Current. Pullback testing the 18 day MVA intraday on low volume. Moving up after testing the 50 day MVA.
CTXS 01/04 Test BO 31.24 -0.22 30.05 35.95 1.4M 2.2M 30.95
Current.
CVD 02/11 Test BO 56.71 -0.24 56.11 64.95 306K 643K 54.95
Buy Not Issued.
CYMI 02/06 Test BO 45.3 -0.68 48.35 57.95 391K 1.2M 45.89
Buy Not Issued.
CYMI 01/21 Test BO 45.3 -0.68 41.35 47.95 391K 1M 47.55
Current. Ease back holding just below the 18 day MVA on low volume. Testing the breakout. Should be ready to rebound from here.
DIOD 02/22 Asc Bse 37.59 -0.37 38.15 45.75 336K 550K 36.38
Buy Not Hit. Pullback on lower below average volume. May continue to test back to 10 day MVA (37.19)
DTAS 01/23 Test 50 14.09 +0.07 13.91 16.77 687K 1.2M 13.54
Current. Tested the 10 day MVA intraday and rallied back on rising, but below average volume. Moving up after testing the 50 day MVA.
EZPW 02/11 FlyPlat 22.25 -0.58 22.22 26.75 206K 267K 20.68
Buy Not Issued. Tapped 23.25 at the intraday high, but gave it back on slightly above average volume. May continue to test back to support at 22.10
FORM 01/30 Test BO 36.78 -0.18 30.32 36.25 240K 627K 37
Current. Ease back holding just below the 10 day MVA on very low volume. Should be ready to bounce from here.
FSL 02/13 DB hdl 26.46 -0.28 28.37 33.18 1.1M 2.5M 27.22
Current. Pullback holding the 50 day MVA on low volume. Looking for stock to rebound from here.
GS 02/13 Test 18 143.96 -1.57 140.88 152 2.5M 4.4M 142.98
Current. Pullback holding the 10 day MVA on low volume. Meeting resistance at 145.
HOLX 02/21 FlyPlat 49.74 +0.17 52.38 62 560K 1.1M 49.54
Buy Not Hit.
HOLX 12/19 DB hdl 49.74 +0.17 39.33 45.85 560K 1.2M 49.89
Current. Showing a tight doji on the 18 day MVA on lower below average volume. Should be ready to bounce from here.
ISE 02/21 Test 18 42.15 +0.87 40.33 48 392K 869K 39.32
Current.
JTX 02/22 Cup hdl 27.88 -0.79 28.95 33.95 386K 284K 27.42
Buy Not Hit.
MER 02/14 Test BO 76.54 -0.41 74.45 84.85 3.7M 6.5M 75.22
Current. Pullback on lower below average volume. Still in uptrend.
MGI 02/22 DB hdl 27.78 -0.32 28.25 33.75 365K 550K 27.22
Buy Not Hit. Pullback testing the 10 day MVA intraday on average volume. Still forming the handle.
MRGE 02/16 DB hdl 24.5 -1.85 27.58 33 1.2M 750K 25.95
Buy Not Hit. The stock has not performed so will drop.
MSTR 01/14 Test BO 94.48 +0.86 96.72 111 213K 493K 96.98
Current. Tested the 10 day MVA intraday and rallied back on below average volume. Meeting some resistance at 95.
MSTR 11/15 DB hdl 94.48 +0.86 81.22 91.25 213K 612K 96.98
Current.
MYOG 02/15 Flat 39.13 +0.19 39.68 47.75 455K 1.8M 37.21
Buy Not Issued.
NOVL 02/04 Test BO 9.73 +0.33 9.42 11.72 7.6M 7M 9.34
Current.
NOVL 01/24 Flat 9.73 +0.33 9.36 11.29 7.6M 6M 9.34
Current.
NSM 02/18 Asc Bse 26.86 -0.89 29.05 33.95 6M 6.5M 27.82
Buy Not Hit. The stock has not performed so will drop.
OXPS 02/22 Asc Bse 30.8 -0.1 31.21 37.45 920K 1.5M 29.52
Buy Not Hit.
RSTI 02/18 FlyPlat 52.41 +0.35 51.95 59.95 198K 173K 50.21
Current. Continue to trend higher on stronger above average volume.
RVSN 02/14 Test BO 20.17 -0.01 20.22 22.32 172K 500K 19.22
Buy Not Issued.
RVSN 01/07 Test 18 20.17 -0.01 17.45 20.95 172K 471K 19.57
Current.
SIRF 02/18 Test BO 37.78 +0.97 36.68 43.94 1.2M 1.8M 36.48
Current. Nice move up after testing the 18 day MVA on average volume. Meeting some resistance at 38
SNDK 01/14 Test BO 57.48 -1.52 73.72 89.45 9.1M 21M 71.55
Current. Tapped the 10 day MVA at the intraday high, but gave it back on low volume. Needs to break through here.
SNDK 12/20 DB hdl 57.48 -1.52 60.69 72.38 9.1M 20M 71.55
Current.
SURG 02/13 Test BO 6.7 +0.02 7.42 8.94 126K 201K 7.08
Current.
SURG 02/04 Cup hdl 6.7 +0.02 6.58 8.25 126K 225K 7.01
Current.
TKC 02/15 FlyPlat 19 +0.06 18.55 22.25 331K 635K 18.21
Current. Holding at some resistance here. Beginning to make a lateral move holding the gain.
TRID 02/06 Test 18 27.97 -0.18 26.22 31.72 831K 2.5M 26.35
Current. Ease back on low volume. Meeting resistance at 28.
USG 02/11 Test BO 87 +0.89 87.75 99.95 980K 1.5M 85.85
Buy Not Issued.
VAR 01/11 Test 50 59.67 -0.03 53.32 61.35 522K 1.2M 58
Current. Meeting resistance at 60.
VTAL 02/01 Test BO 34.34 -0.53 29.82 34.45 415K 203K 33.31
Current.
VTIV 02/08 Cup hdl 26.11 -0.3 27.85 32.65 120K 614K 26.28
Buy Not Hit. Pullback on low volume holding below the 18 day MVA. Filling the gap. Still in the pattern.
WBSN 01/30 Dbl btm 61.28 +0.82 66.45 75.55 585K 750K 65.75
Current.
ZIGO 02/15 Test BO 18.09 -0.06 18.15 21.82 257K 200K 17.41
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
BAC 02/11 Put 45.37 +0.29 43.54 41.72 17M 14M 44.21
Exited.
CDIS 02/21 Put 35.2 -0.13 35.95 33.95 1.1M 1.8M 36.72
Buy Not Issued. Moving down below the 10 day MVA on rising, but below average volume. Volume not there to enter the play. Will let stock get a relief bounce up to the 10 day MVA (36)
DST 02/08 Put 56.03 -0.72 57.05 55 755K 875K 56.87
Current. Nice move down the 10 day MVA on rising, but below average volume. Meeting some support at 56.
NDE 02/13 Put 38.62 -0.23 38.78 36.55 600K 775K 39.45
Buy Not Issued. Moving below the 10 day MVA on lower below average volume. Need to see a clear and decisive move on strong volume. If stock continues the move down tomorrow on strong volume will still be a buy.
OIS 02/14 Put 35.72 -0.18 35.55 33.75 761K 775K 35.45
Current.
PDS 02/22 Put 31.94 +0.13 31.48 30 633K 550K 31.75
Buy Not Hit. Showing a doji on the 18 day MVA on lower, but strong volume. Showed roll over here.
RRC 02/18 Put 24.53 -0.35 24.91 23.15 1.6M 1.4M 25.19
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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trend trading stock
trading system
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