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stock recommendation, stock market report
Begin part 2 of 2
Full report issues Wednesday.
THE PLAYS
Good movers: ANSS; FORM; GG; MCHP; NTRI; PLLL; RADN; SMSI
NEW PLAYS:
Upside plays:
Play Date: 04/25/2006
VSH (Vishay Intertechnology--$16.06; +0.44; optionable): Semiconductors and passive electronic components
EARNINGS: 5-2-06
http://biz.yahoo.com/p/v/vsh.html
STATUS: Cup w/handle. In the mid-nineties and then in 1999 and 2000 VSH was a wild one to ride. After five years of correcting it has come off its lows and over the past 12 weeks has formed a sweet little base. Volume has climbed the past week as VSH moved higher and formed the right side of the base. Excellent 5 to 2 accumulation (5 up price weeks on rising volume to 2 down price weeks on rising volume) shows excellent buying along with some strong money flow. Strong volume Tuesday as VSH moved up off the 10 day EMA (15.50), support in the handle. Looking for volume to continue as VSH makes the breakout move.
Volume: 1.854M Avg Volume: 1.451M
BUY POINT: $16.32 Volume=2M Target=$19.95 Stop=$15.32
POSITION: VSH JC - Oct. $15c (67 delta) &/or Stock
http://www.investmenthouse.com/ct/vsh.html
New buy point on a current position
Play Date: 04/25/2006
CYMI (Cymer--$52.19; -1.05; optionable): Chip equipment
http://biz.yahoo.com/p/c/cymi.html
STATUS: Test breakout. CYMI blasted higher last week on strong volume, moving to a 5 year high on a strong earnings report. It has come back to test the move, holding above the 10 day EMA (51.54) on lower but still strong volume. Looking for this market leader to make the test of the 10 day and then start back up for a continued run. That is when we will move in once more.
Volume: 1.23M Avg Volume: 980.803K
BUY POINT: $52.65 Volume=1.5M Target=$62.00 Stop=$51.22
POSITION: CQG HJ - Aug. $50c (65 delta) &/or Stock
http://www.investmenthouse.com/ct/cymi.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
ADS 04/12 DB hdl 55.44 +0.67 48.25 56.95 1.2M 750K 54.00
Current.
AH 03/11 Test 18 62.01 -1.19 58.92 69.42 397K 750K 62.11
Trailing Stop.
AL 04/22 Test BO 51.62 -0.56 52.72 62.90 2.3M 2M 50.55
Buy Not Issued.
AMLN 03/16 Rv H&S 46.31 -0.53 46.22 53.95 2.5M 2M 47.68
Current.
AMT 04/19 DB hdl 33.19 +0.45 32.97 37.95 3M 3M 31.48
Current. Continue with the uptrend on average volume.
ANSS 04/10 PreAnn 55.67 +1.22 53.20 61.25 150K 325K 53.57
Current.
AQNT 04/22 Cup 25.62 -0.77 27.15 32.95 742K 2.2M 25.25
Buy Not Hit. Pullback on low volume. Still forming the cup.
BOOM 04/01 Asc Bse 41.23 +0.47 40.55 48.00 472K 1.2M 38.00
CHRT 04/14 Test BO 11.40 +0.28 10.10 12.42 407K 225K 10.75
Current.
CLDN 04/22 Test BO 26.95 +0.68 26.25 31.95 332K 379K 25.12
Buy Not Issued.
CRED 04/22 Cup hdl 25.64 -0.46 26.78 32.00 53K 153K 24.95
Buy Not Hit. Pullback on below average volume. Still forming the handle.
CTRP 03/11 Test BO 47.30 -0.39 38.60 44.48 320K 400K 45.55
Current. Pullback on rising, but below average volume. still in uptrend.
CTXS 01/25 Test BO 40.16 -0.27 31.05 36.95 2M 3M 40.00
Current. Pullback filling the gap from last Thursday's big gap.
CTXS 01/04 Test BO 40.16 -0.27 30.05 35.95 2M 2.2M 40.00
Current.
CYMI 04/03 Dbl btm 52.19 -1.05 48.12 57.45 1.2M 1.3M 53.00
Current. Pullback on above average volume. filling the gap from last Wednesday's explosive move. May continue to test back to 10 day MVA (52)
DIOD 04/18 Asc Bse 41.97 +0.08 41.25 49.50 131K 498K 39.59
Buy Not Issued. Tapped 43.05 at the intraday high, but gave it back showing a tight doji on rising, but below average volume. Need to see a clear and decisive move on strong volume. Will let test back.
DO 04/19 Test BO 93.81 -0.43 95.48 109.95 3.5M 2.8M 92.25
Buy Not Issued.
DO 04/08 Test BO 93.81 -0.43 93.31 105.95 3.5M 3M 91.55
Current. Pullback testing the 18 day MVA intraday and rallied back managing to hold the 10 day MVA on very strong volume surge. Meeting some new resistance at 95.
EGY 04/06 Rv H&S 7.48 -0.12 7.29 8.97 783K 1M 7.35
Current.
ENER 04/17 DB hdl 52.89 +0.23 51.63 61.00 1.3M 1.8M 50.85
Current. Gapped up at the open, but gave much of it back on lower below average volume. Moving up after testing the 10 day MVA.
FORM 03/29 Flat 44.07 +1.75 40.88 47.88 937K 1.1M 42.25
Current. Nice move up on stronger above average volume after testing the breakout.
GFIG 04/14 DB hdl 57.36 -0.99 58.83 68.95 148K 360K 57.15
Current.
GG 03/20 Asc Bse 33.87 +0.74 28.32 33.98 4.8M 5.6M 32.00
Current. Big gap up at the open on lower, but strong volume making a 52 week high.
GLG 04/12 Test BO 36.81 +0.65 36.59 43.72 1.1M 1.8M 36.25
Current. Tested the 10 day MVA intraday and rallied back showing a doji on lower below average volume. Moving up after testing the breakout.
INFA 04/01 DB hdl 15.80 -0.11 16.44 19.84 1.8M 3.4M 15.78
Current. Pullback holding the 18 day MVA on rising, but below average volume. Testing the breakout. Should be ready to bounce from here.
ITRI 03/27 Test BO 64.34 +0.97 62.36 73.75 312K 775K 64.05
Current. Tested the 10 day MVA intraday and rallied back on rising, but below average volume. Meeting some new resistance at 65.
LEH 04/04 PreAnn 150.95 -3.05 150.12 169.00 2.4M 3M 153.12
Current. Gapped down and continued to move down on stronger above average volume managing to hold the 18 day MVA. May continue to test back to 150.
LMIA 04/24 Test BO 18.60 -0.64 19.38 23.50 193K 163K 18.02
Buy Not Issued. Gapped up at the open, but gave it all back on lower, but above average volume. May continue to test back to 10 day MVA (18.20)
MANT 04/17 Test BO 33.23 +0.47 32.77 38.95 98K 400K 31.65
Current. Tested the 10 day MVA intraday and rallied back on rising, but below average volume. Moving up after testing the 18 day MVA.
MCHP 04/03 Cup 38.08 +0.92 37.56 43.95 2.7M 2M 36.57
Current. Gapped up for an explosive move on excellent volume surge making a 52 week high. Came off the day's high of 38.56.
MFLX 04/17 Test 50 61.20 +0.26 61.49 70.95 208K 550K 59.95
Current. Moving up after testing the 50 day MVA on low volume.
MGI 02/22 DB hdl 34.27 +0.16 28.69 33.98 452K 550K 34.22
Current. Bounced on average volume. Came off the day's high of 34.85. May continue to test back to 10 day MVA (33.30)
MPWR 04/08 Cup hdl 18.50 +0.03 18.55 22.95 472K 285K 17.25
Buy Not Issued.
NETL 03/25 Asc Bse 43.09 +1.65 39.48 47.32 251K 564K 41.81
Current. Moving up for a nice gain on low volume after testing the breakout.
NGPS 04/01 Test BO 36.38 -0.11 37.27 44.00 34K 200K 35.35
Buy Not Issued.
NIHD 04/24 Test BO 60.07 +0.71 59.75 68.50 2.1M 1.8M 57.32
Buy Not Issued.
NTES 04/19 Test BO 22.87 -0.13 24.05 28.88 892K 4.7M 22.37
Buy Not Hit. Pullback on low volume. Still in the pattern.
NTRI 04/14 DB hdl 68.01 +17.31 47.19 56.00 10M 1.5M 65.00
Target Hit. Huge gap up at the open for an excellent volume surge. Took some of the money off the table.
NURO 04/10 Asc Bse 38.07 -1.24 39.65 47.55 115K 248K 37.11
Buy Not Issued. Pullback holding the 18 day MVA intraday and rallied back on below average volume. Still in the pattern.
PLLL 04/10 Cup 24.17 +0.77 21.55 25.88 799K 565K 22.57
Current. Great move up the 10 day MVA on very strong volume surge.
QCOM 03/08 Rv H&S 51.50 -0.80 50.91 59.95 10M 19M 50.89
Current. Pullback on lower below average volume. May continue to test back to 18 day MVA (51.25)
QUIK 04/14 Test 50 5.86 -0.19 6.48 7.78 207K 315K 6.05
Buy Not Hit. The stock has not made the move we were looking for so will drop.
QUIK 03/04 Cup hdl 5.86 -0.19 5.29 6.48 207K 360K 6.04
Trailing Stop.
RADN 04/24 DB hdl 16.87 +1.38 16.80 20.15 920K 304K 16.00
Entered today.
RDC 04/05 Rv H&S 46.29 -0.81 45.38 52.38 2.5M 2.5M 46.00
Trailing Stop.
RYI 04/24 Cup hdl 30.30 -0.12 30.57 36.65 372K 650K 28.55
Buy Not Hit. Pullback showing a doji on lower below average volume. Still forming the handle.
SMSI 04/12 Test 18 12.85 +0.45 12.29 14.79 730K 400K 12.00
Current. Gapped up at the open for a great move on very strong volume surge. Came off the day's high of 13.37. Moving up after testing the 18 day MVA.
SUN 04/22 Cup hdl 83.84 -2.18 87.55 100.00 2.7M 3.2M 85.45
Buy Not Hit. The stock has not made the move we were looking for so will drop.
TFSM 04/24 Test BO 10.25 -0.24 11.00 13.25 695K 1.4M 10.32
Buy Not Hit. Pullback tapping 10.04 at the intraday low and rallied back on rising, but below average volume. Still in the pattern.
TOMO 03/29 DB hdl 25.75 -1.46 25.30 30.32 640K 500K 26.96
Trailing Stop.
TOO 04/17 Test 18 37.82 +0.64 35.89 41.95 606K 625K 34.69
Buy Not Issued.
TRID 03/07 Test 18 30.29 +0.17 29.31 35.35 1.4M 2M 29.32
Current.
USG 04/14 Test BO 113.50 -2.26 113.82 133.50 2.3M 1.2M 12.25
Current.
USG 03/10 Asc Bse 113.50 -2.26 87.88 99.95 2.3M 1.6M 11.72
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
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