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stock recommendation, stock market report
Begin part 2 of 2
THE PLAYS
Good movers: ABX; AEIS; AMT; CTSH; CTXS; DIOD; MCHP; MGI; OIS; RADN; RYI; SMSI; WEBX
NEW PLAYS:
Upside plays:
Play Date: 05/04/2006
ISIL (Intersil Holdings--$30.66; +0.64; optionable): Analog integrated circuits
http://biz.yahoo.com/p/i/isil.html
After Hours: $30.91
STATUS: Reverse head and shoulders. ISIL is heading for a 4 year high, starting the breakout from a 14 week base. Gapped higher in January on strong earnings, rallied to 30, then filled the gap in March; that formed the 'head.' Rebounded and spent April moving laterally, forming the right shoulder. Nice higher low the past week at the 18 day EMA (29.38) and starting higher. Needs to show more volume as it runs higher. Solid 4 to 2 accumulation shows net buying. Solid technical position and good fundamentals to match.
Volume: 1.708M Avg Volume: 1.978M
BUY POINT: $30.95 Volume=3M Target=$37.00 Stop=$29.15
POSITION: UFH JF - Oct. $30c (62 delta) &/or Stock
http://www.investmenthouse.com/ct/isil.html
New buy point on a current position:
Play Date: 05/04/2006
MCHP (Microchip--$38.15; +0.95; optionable): Semiconductors
http://biz.yahoo.com/p/m/mchp.html
After Hours: $38.17
STATUS: Cup w/handle. MCHP made a few attempts at breaking out in April, but in the market chop it just couldn't quite make the real breakaway move; it would start, but then fade. Nice 14 week base formed above the 50 day EMA (36.35), consolidating and setting up for a new all-time high. Made a higher low at that level the past week and jumped higher this week. Solid move Thursday on rising almost average volume. Money flow is leading higher as MCHP readies for the new all-time high. Solid 4 to 2 accumulation in the base. Looks nice and looks ready.
Volume: 1.56M Avg Volume: 1.579M
BUY POINT: $38.64 Volume=2.4M Target=$45.00 Stop=$37.00
POSITION: QMT JG - Oct. $35c (70 delta) &/or Stock
http://www.investmenthouse.com/ct/mchp.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
ABX 04/29 Cup hdl 33.08 +2.05 33.22 39.45 12M 7.1M 31.22
Entered today.
ADS 04/12 DB hdl 54.08 +0.79 48.25 56.95 854K 750K 54.00
Current.
AEIS 05/03 Cup hdl 17.08 +1.01 16.92 20.32 843K 800K 16.00
Entered today. Another explosive move on lower, but strong volume making a 52 week high.
AL 04/22 Test BO 53.18 +0.95 53.39 62.90 1.8M 2M 51.89
Current.
AMT 04/19 DB hdl 35.27 +0.60 32.97 37.95 3.4M 3M 34.05
Current. Continue with the uptrend for a nice gain on slightly above average volume.
ANSS 04/10 PreAnn 56.56 -0.29 53.20 61.25 277K 325K 55.22
Current.
AQNT 04/22 Cup 25.41 +0.45 26.25 32.65 952K 2.2M 24.65
Buy Not Hit. Tested the simple 50 day MVA intraday and rallied back on rising volume. Looking good.
BLKB 04/29 Test 50 21.03 -0.01 21.25 25.50 252K 750K 20.15
Buy Not Issued. Pullback tapping 20.64 at the intraday low and rallied back on below average volume. Still in the pattern.
BOOM 04/01 Asc Bse 39.00 +1.44 42.79 50.50 531K 1.2M 39.98
Current.
CHRT 04/14 Test BO 11.29 -0.31 10.10 12.42 445K 225K 11.24
Current.
CTSH 04/26 Test BO 68.40 +1.51 64.11 73.95 1.3M 1.4M 66.38
Current.
CTXS 01/25 Test BO 42.70 +1.01 31.05 36.95 3.3M 3M 40.72
Current. Nice move up the 10 day MVA on stronger above average volume making a 52 week high.
CTXS 01/04 Test BO 42.70 +1.01 30.05 35.95 3.3M 2.2M 40.72
Current.
CYMI 04/25 Test BO 55.13 +0.02 52.65 62.00 822K 1.5M 53.00
Current. Moving up after testing the 18 day MVA on below average volume.
CYMI 04/03 Dbl btm 55.13 +0.02 48.12 57.45 822K 1.3M 52.95
Current.
DIA 04/27 Test 18 114.34 +0.37 114.52 117.55 4.1M 7.2M 113.15
Entered today. Stock began the move but gave some of it back on low volume. Should continue with the uptrend.
DIOD 04/18 Asc Bse 43.62 +2.12 41.25 49.50 340K 498K 41.49
Current. Bounced off the 10 day MVA for a great move on stronger above average volume. Moving up after testing the 50 day MVA.
DXPE 04/27 Test BO 49.65 -3.04 39.85 47.60 1.7M 300K 48.88
Current. Volatile session. Tapped 56.15 at the intraday high, but gave it all back on very strong volume surge. May be ready to test back after such a nice run.
EGO 04/26 Cup hdl 5.50 +0.04 5.58 6.95 987K 1.8M 5.22
Current.
EGY 04/06 Rv H&S 6.75 -0.19 7.29 8.97 981K 1M 7.35
Exited.
ENER 04/17 DB hdl 50.06 -0.35 51.63 61.00 801K 1.8M 50.85
Current. Pullback holding the 18 day MVA on low volume. Should be ready to bounce from here.
GG 03/20 Asc Bse 37.82 +0.05 28.32 33.98 7.4M 5.6M 36.12
Current. Beginning to make a lateral move on lower, but above average volume. 10 day MVA moving up to meet the stock.
GLG 04/12 Test BO 41.40 +1.00 36.59 43.72 2.9M 1.8M 39.05
Current. Continue to move up the 10 day MVA on strong volume.
GLW 04/26 Test 18 28.44 +0.33 28.25 34.00 6M 12M 27.22
Buy Not Issued. Volume not there to enter the play.
HAE 04/29 Test BO 51.57 -2.63 54.87 63.50 759K 300K 52.71
Buy Not Issued. Stock has not made the move we were looking for so will drop.
HLTH 05/01 Test BO 11.38 -0.31 11.98 14.38 2.6M 3.5M 11.22
Buy Not Issued. Pullback testing the 18 day MVA intraday and rallied back on slightly above average volume. Still in the pattern.
IART 05/02 Test BO 42.35 -0.01 42.75 50.00 125K 264K 41.11
Buy Not Hit.
INFA 04/01 DB hdl 16.00 +0.19 16.44 19.84 1.1M 3.4M 15.78
Current. Big gap up at the open, but gave some of it back testing the 10 day MVA intraday on low volume. Moving up after testing the 50 day MVA.
KONG 04/29 Cup hdl 13.81 +0.08 14.35 17.25 174K 442K 13.35
Buy Not Hit.
MCHP 04/03 Cup 38.15 +0.95 37.56 43.95 1.6M 2M 37.00
Current. Bounced off the 10 day MVA for an excellent move on rising, but average volume. Moving up after testing the 50 day MVA.
MFLX 04/17 Test 50 60.80 +0.20 61.49 70.95 193K 550K 59.95
Current. Moving up after testing the 50 day MVA on low volume holding at some resistance.
MGI 02/22 DB hdl 35.39 +0.81 28.69 33.98 467K 550K 34.08
Current. Nice move up after testing the 10 day MVA on rising, but average volume.
NGPS 05/03 Asc Tri 37.16 -0.83 38.25 45.00 440K 200K 35.68
Buy Not Issued.
NTRI 04/14 DB hdl 69.37 +1.61 47.19 56.00 870K 1.5M 67.00
Current. Beginning to consolidate on low volume. Holding the gain.
OIS 05/01 Cup hdl 42.30 +0.85 42.18 49.95 1.4M 1.2M 40.15
Entered today. Tapped 40.57 at the intraday low and rallied back for a nice gain on stronger above average volume.
PLLL 04/10 Cup 24.90 0.00 21.55 25.88 476K 565K 23.75
Current. Beginning to make a lateral move on average volume holding the gain. 10 day MVA moving up to meet the stock.
QCOM 03/08 Rv H&S 52.34 +0.59 50.91 59.95 16M 19M 51.38
Current. Moving up on strong volume after testing the 50 day MVA.
QGEN 05/01 Cup 15.25 -0.01 15.22 18.32 148K 439K 14.55
Buy Not Issued. Tapped 15.47 at the intraday high, but gave it back on low volume. If stock makes the breakaway move tomorrow on strong volume will still be a buy.
QUIK 04/27 Test 50 5.98 -0.03 6.26 7.55 90K 325K 5.85
Buy Not Hit. Pullback holding the 18 day MVA on low volume. Still in the pattern.
RADN 04/24 DB hdl 16.47 +1.02 16.80 20.15 356K 304K 16.00
Current.
RYI 04/24 Cup hdl 30.84 +1.28 31.25 37.55 870K 650K 29.12
Current. Exploded higher on stronger above average volume. Moving up after testing the 18 day MVA.
SMSI 04/12 Test 18 13.33 +0.56 12.29 14.79 409K 400K 12.55
Current. Tested the 10 day MVA intraday and rallied back on rising, but average volume. Moving up after testing the 18 day MVA.
SPIL 04/26 Rv H&S 7.34 -0.01 7.51 9.11 1.2M 2.2M 6.98
Buy Not Hit. Still in the pattern.
VSH 04/25 Cup hdl 17.02 0.00 16.32 19.95 3.5M 2M 15.32
Buy Not Issued. Tapped 17.38 at the intraday high, but gave it all back on lower, but strong volume. Stock needs low volume pullback.
WEBX 04/29 Test BO 35.82 +1.01 36.45 43.45 1M 850K 34.55
Current. Bounced off the 10 day MVA for a nice move on stronger above average volume. Continue with the uptrend.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AB 05/02 Dbl Top 65.47 +1.16 64.92 62.88 214K 235K 65.45
Buy Not Issued. Volatile session. Tested the 10 day MVA intraday (67) but could not hold the entire gain on slightly above average volume. Still in downtrend.
AMD 04/26 Put 33.95 +0.68 32.45 30.65 7.7M 18M 32.25
Current. Continue with low volume bounce to hold the 50 day MVA. Should rollover here.
ASH 05/01 Put 66.43 -0.57 64.55 62.55 1.1M 1.1M 66.04
Current.
CHRW 05/03 Put 48.24 +2.15 45.94 43.95 1.8M 1.3M 46.80
Buy Not Hit. The stock has not made the move we were looking for so will drop.
LM 05/03 Put 114.89 +0.07 114.57 110.00 1M 1.4M 116.32
Buy Not Hit. Still in downtrend.
MHP 05/01 Put 55.35 -0.61 55.55 53.00 1.9M 2M 56.11
Buy Not Issued. Moving down on lower, but above average volume. Need to see a clear and decisive move on strong 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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