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us stock market, stock recommendation
Begin part 2 of 2
THE PLAYS
Good movers: ACAD; ASPV; SCPE; ISE; MER; MSTR; ORCC; QCOM; USG; VTIV
NEW PLAYS:
Upside plays:
Play Date: 03/14/2006
GPN (Global Payments--$51.94; +0.5; optionable): Global payment systems
http://biz.yahoo.com/p/g/gpn.html
STATUS: Ascending base. Volume has moved up to average the past two sessions, indicating that this 11 week base may be about to yield the breakout move. This stock sports some of the best growth in its earnings and sales, setting the stage for the next move along with this breakout. The base formed above the 50 day EMA (49.89), a key support level for all strong stocks. Positive 2 to 0 accumulation in the pattern shows buyers in control. Strong money flow is moving higher. Relative strength broke out ahead of the stock last week, a good indication for the price. Looking for that strong volume to continue and deliver the breakout.
Volume: 561.5K Avg Volume: 616.177K
BUY POINT: $53.45 Volume=775K Target=$61.95 Stop=$51.31
POSITION: GPN HJ - Aug. $50c (55 delta) &/or Stock
http://www.investmenthouse.com/ct/gpn.html
Play Date: 03/14/2006
NIHD (NII Hldgs--$51.79; +1.8; optionable): Telecom wireless communications
http://biz.yahoo.com/p/n/nihd.html
After Hours: $51.80
STATUS: Test 50 day EMA. Strong stock that has trended higher since coming public in late 2002. It recently broke out from an 8 week ascending base that formed using the 50 day EMA (48.98) as support. It broke higher in mid-February and rallied to 55. In the recent selling it came back on mostly lower volume, found the 50 day EMA and showed a nice doji at that point on very strong trade. That shook out the sellers and started NIHD back up. A quick pause to start the week and then up Tuesday on stronger volume. Strong 4 to 1 accumulation in the base shows plenty of buying (4 up price weeks on rising volume to 1 down price weeks on rising volume). Money flow is running higher ahead of price. Ready to move in as NIHD continues up off the 50 day.
Volume: 1.225M Avg Volume: 1.352M
BUY POINT: $52.11 Volume=1.8M Target=$61.95 Stop=$50.21
POSITION: QHQ IJ - Sept. $50c (66 delta) &/or Stock
http://www.investmenthouse.com/ct/nihd.html
CONTINUING PLAYS
Play Date: 03/04/2006
QUIK (Quicklogic--$5.25; +0.27; no options): Semiconductor integrated circuits
http://biz.yahoo.com/p/q/quik.html
After Hours: $5.23
STATUS: Double bottom w/handle. Volume was up toward average Tuesday as QUIK jumped off the 18 day EMA (4.95), starting the breakout from its very tight handle. Ready to move in as it continues the move. To recap: QUIK is in one of the hotter sub-sectors of the semiconductor sector, and it is working on a weeklong handle to its 9 week base that formed using the 50 day EMA (4.70) as support. Price/volume action is great; volume died off in February as QUIK bottomed over the 50 day EMA and then surged as it formed the right side of the base. Low volume in the handle overall punctuated with a volume jump here and there. Solid action. This base consolidates the January breakout from a 7 month cup with handle as well. QUIK is not what you would call a serious market leader, but its sector is hot and QUIK has set up well to give us a breakout and a really nice gain in short order.
Volume: 216.86K Avg Volume: 233.038K
BUY POINT: $5.29 Volume=360K Target=$6.48 Stop=$4.92
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/quik.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
ACAD 03/13 Asc Tri 16.35 +0.98 16.15 19.45 940K 675K 15.17
Entered today. Explosive move on strong volume surge.
AH 03/11 Test 18 56.59 +0.09 57.55 68 318K 750K 55.28
Buy Not Hit. Bounced holding the 10 day MVA on low volume. Filled the gap from late February's big gap.
ALNY 02/27 Test BO 16.8 +0.2 16.06 19.15 162K 335K 16.18
Current. Moving up the 10 day MVA on low volume. Meeting some resistance at 17
ASPV 03/04 Asc Bse 28 +1.02 27.49 32.92 246K 523K 26.12
Current.
ATHR 02/28 FlyPlat 23.82 -0.07 21.98 26.45 1.1M 1.4M 22.97
Current. Pullback on below average volume. Beginning to base holding the stock's gain.
BABY 02/25 Asc Bse 20.77 -0.35 19.94 23.82 98K 213K 20.12
Current. Pullback holding just above the 10 day MVA on low volume. filling the gap on low volume.
BKHM 03/13 Test BO 8.25 -0.1 8.68 10.72 1.3M 2.3M 8.11
Buy Not Hit. Pullback testing the 10 day MVA intraday on low volume. Should be ready to bounce from here.
BMRN 02/18 Cup hdl 12.94 +0.13 12.75 15.25 624K 700K 12.57
Current. Moving up on stronger above average volume after testing the 50 day MVA.
CBST 03/01 Flat 23.8 -0.13 23.95 28.75 558K 750K 23.28
Current. Pullback holding the 10 day MVA on rising, but below average volume. Should be ready to bounce from here.
CNQR 03/08 Test 50 15.91 -0.59 16.05 19.26 366K 473K 15.15
Buy Not Issued. The stock has not made the move we were looking for so will drop.
CRM 03/09 Cup hdl 39.78 +0.89 38.75 46.55 1.6M 2.9M 36.32
Buy Not Issued. Volume not there to enter the play.
CTRP 03/11 Test BO 79.01 -0.48 77.2 88.95 175K 400K 74.69
Current. Pullback on low volume. Still in uptrend.
CTXS 01/25 Test BO 34.25 +0.38 31.05 36.95 3.3M 3M 32.89
Current. Continue with the uptrend on lower, but above average volume.
CTXS 01/04 Test BO 34.25 +0.38 30.05 35.95 3.3M 2.2M 32.89
Current.
CYMI 02/06 Test 50 45.39 +0.76 47.12 57.95 483K 1.2M 45.22
Buy Not Issued.
CYMI 01/21 Test BO 45.39 +0.76 41.35 47.95 483K 1M 47.55
Current. Moving up after testing the 50 day MVA on low volume.
DIGE 03/08 Cup hdl 42.04 -0.12 43.65 51.95 156K 427K 40.92
Buy Not Hit. Showing a doji on low volume. Still forming the handle.
DRIV 03/08 DB hdl 40.47 +0.3 40.08 48 719K 1.4M 39.21
Current. Continue to move up the 10 day MVA on low volume.
DXPE 03/13 Cup hdl 28.2 +3.54 25.87 32.78 720K 262K 26.55
Entered today. Exploded higher on excellent volume surge.
EZPW 02/11 FlyPlat 26 -0.15 23.27 27.75 206K 267K 24.72
Current. Pullback tapping 25.02 at the intraday low and rallied back showing a tight doji on average volume. Still in uptrend.
FFIV 03/06 Test BO 68.47 +0.37 67.38 81.95 624K 1.4M 65.69
Current. Moving up on low volume after testing the 18 day MVA.
ISE 02/21 Test 18 51.09 +1.61 40.33 48 753K 869K 49.35
Current.
MER 02/14 Test BO 78.82 +1.5 74.45 84.85 6.5M 6.5M 77.24
Current. Nice move up the 10 day MVA on strong volume surge.
MGI 02/22 DB hdl 28.45 +0.64 28.69 33.98 276K 550K 27.83
Current. Tested the 50 day MVA intraday and rallied back for a great move on below average volume.
MSTR 01/14 Test BO 106.5 +3.48 96.72 111 412K 493K 103
Current. Another nice move up the 10 day MVA on slightly above average volume.
MSTR 11/15 DB hdl 106.5 +3.48 81.22 91.25 412K 612K 103
Current.
NSM 03/01 Asc Bse 27.91 +0.89 29.28 34.55 4.9M 6.5M 28.21
Current.
ORCC 03/04 Cup hdl 13.65 +0.55 13.62 16.35 413K 199K 12.89
Entered today. Tapped 12.98 at the intraday low and rallied back to explode higher on very strong volume surge making a 52 week high.
PDLI 03/08 Asc Bse 31.71 -0.26 32.91 39.32 1.2M 1.9M 30.88
Current.
PKE 02/25 Test BO 29.53 +0.61 29.62 35.55 112K 185K 28.31
Buy Not Hit.
QCOM 03/08 Rv H&S 49.25 +1.04 49.92 58.95 13M 19M 47.55
Buy Not Issued. Tested the 18 day MVA intraday and rallied back for a nice gain on rising, but average volume. Moving up on stronger volume after testing the breakout.
QUIK 03/04 Cup hdl 5.25 +0.27 5.29 6.48 217K 360K 4.92
Buy Not Issued.
RADS 02/25 Asc Tri 13.82 +0.1 14.89 17.95 146K 496K 14.22
Current. Bounced off the simple 50 day MVA on low volume. Looking for stock to continue to rebound off the 50 day MVA.
RMTI 03/13 FlyPlat 5.76 -0.07 5.98 7.38 76K 135K 5.56
Buy Not Hit.
SLAB 03/01 Test BO 50.01 +2.09 50.76 60.95 1.3M 1.8M 47.68
Buy Not Issued.
SMSI 02/27 Test BO 9 +0.04 9.29 11.25 194K 300K 8.64
Buy Not Issued.
TECH 02/27 PreAnn 59 +0.01 60.57 71.88 114K 374K 58.88
Buy Not Hit. Tapped 58.28 (50 day MVA) at the intraday low and rallied to hold the 18 day MVA on low volume. Still in the pattern.
TRID 03/07 Test 18 28.76 +1.22 28.11 33.75 941K 2M 26.85
Buy Not Issued.
TRMB 03/06 Test BO 42.37 +0.51 42.75 50.88 148K 450K 40.58
Buy Not Hit. Moving up after testing the 18 day MVA on low volume. Looking good, but need to see more volume on upside move.
USG 03/10 Asc Bse 90.75 +2.5 87.88 99.95 595K 1.6M 86.65
Current.
VTAL 03/04 Test BO 31.83 -0.63 32.98 39.55 175K 269K 31.89
Buy Not Hit.
VTIV 02/08 Cup hdl 31 +1.87 27.85 32.65 1.7M 614K 29.89
Tapped 29.38 at the intraday low and rallied back for a nice gain up the 10 day MVA on excellent volume surge.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ANF 03/09 Put 57.5 +0.89 56.55 54 2.1M 2.5M 57.45
Current. Bounced on below average volume holding at some resistance. Should rollover here.
ECLG 03/13 Put 19.47 +0.85 19.22 17.48 291K 180K 19.95
Buy Not Hit.
KG 03/11 Put 18.66 +0.59 17.75 16.55 1.9M 2M 18.11
Buy Not Hit. The stock has not made the move we were looking for so will drop.
LTR 02/25 Put 98.33 +2.11 93.15 90.85 815K 600K 92.65
Exited.
NDE 02/13 Put 38.73 +0.25 38.78 36.55 480K 775K 39.45
Buy Not Issued. The stock has not made the move we were looking for so will drop.
PSTI 03/11 Put 25.3 +1.28 24.05 22.65 581K 560K 24.65
Buy Not Issued. The stock has not made the move we were looking for so will drop.
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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