|
|
trade stock, stock recommendation
Beign part 2 of 2
Full report issues Wednesday.
THE PLAYS
Good movers: HCR; NTRI; PMTI
NEW PLAYS:
Upside plays:
Play Date: 05/16/2006
OII (Oceaneering Intl.--$69.27; +0.94; optionable): Oil & gas drilling. Splits 2:1 on 6-19-06
http://biz.yahoo.com/p/o/oii.html
STATUS: Breakout test. Big gap higher in early May as OII blasted out of a 13 week base on tremendous volume. The move took OII to a new high but the selling did not leave it untouched. It also did not break it down. Instead, OII sold back, closing much of the gap up as it tapped the 18 day EMA (67.15) on the lows Monday and Tuesday, bouncing back to close. Nice test, holding the breakout unlike many stocks. Looking for continued solid trade as it moves through the buy point.
Volume: 639.3K Avg Volume: 373.085K
BUY POINT: $70.55 Volume=600K Target=$82.00 Stop=$67.00
POSITION: OII JN - Oct. $70c (57 delta) or OII GN - July $70c (53 delta) &/or Stock
http://www.investmenthouse.com/ct/oii.html
Play Date: 05/16/2006
LRCX (Lam Research--$48.48; +0.88; optionable): Semiconductor equipment
http://biz.yahoo.com/p/l/lrcx.html
After Hours: $48.33
STATUS: Test 50 day EMA. We will see how it responds to the AMAT earnings; it was up then flat after hours. It rallied well to start May, breaking out from a 13 week cup with handle base on strong volume. It peaked at 54ish and then sold last week, gapping lower and fading to the 50 day EMA (46.87) in the market selling. Tapped the 50 day on the Monday low and rebounded. Looking for a strong move up through the 10 day EMA (49.62) to move into the stock.
Volume: 2.526M Avg Volume: 3.151M
BUY POINT: $49.65 Volume=4M Target=$59.65 Stop=$48.15
POSITION: LMQ IJ - Sept. $50c (51 delta) &/or Stock
http://www.investmenthouse.com/ct/lrcx.html
CONTINUING PLAY TABLE:
* * SPREADSHEET DOWNLOAD * * *
The following link is to a spreadsheet download of the continuing play table. It will allow subscribers to sort the data for your personal investment use. This is a service to our subscribers only, and no other use of the information is authorized. Simply click on the link, enter your username and password, and download the spreadsheet!
http://www.technicaltraders.com/ttr/table.php
You will need your password. If you need help click on this link and our automated system will email it to you immediately once you fill in your email address:
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 32.27 +0.03 33.22 39.45 7.2M 7.1M 33.55
Current.
AEIS 05/03 Cup hdl 14.80 +0.19 16.92 20.32 398K 800K 16.00
Current. Bounced to hold the simple 50 day MVA on low volume. Trying to move back up after testing the breakout.
AGU 05/13 Test BO 26.66 -0.04 27.38 32.75 309K 750K 26.31
Buy Not Hit.
AL 04/22 Test BO 52.92 +0.11 53.39 62.90 2.9M 2M 55.55
Current.
AQNT 05/10 Rv H&S 26.75 +1.29 28.15 33.85 1.5M 1.8M 26.18
Buy Not Hit. Nice move up on rising volume after testing the 50 day MVA Looking much better.
AUY 05/08 Asc Bse 9.86 -0.30 11.68 13.98 3.2M 2.5M 10.86
Exited.
CC 05/15 Test 18 28.93 -0.52 29.88 35.85 1.7M 2.8M 28.78
Buy Not Hit.
CHRT 04/14 Test BO 10.48 +0.36 10.10 12.42 249K 225K 11.24
Current.
CTSH 04/26 Test BO 66.50 +0.46 64.11 73.95 1.6M 1.4M 66.38
Current.
DIA 04/27 Test 18 114.30 -0.02 114.52 117.55 7M 7.2M 14.87
Current. Holding the 18 day MVA on slightly above average volume. Trying to move up after testing the breakout.
EGO 04/26 Cup hdl 4.82 -0.01 5.58 6.95 1.2M 1.8M 5.22
Current.
EQIX 05/15 Cup hdl 63.39 +0.54 63.74 76.00 313K 650K 61.65
Buy Not Hit. Moving up after testing the 18 day MVA on below average volume. Still forming the handle.
FLSH 05/13 Cup hdl 34.90 -0.28 36.57 43.95 765K 1.9M 35.00
Buy Not Hit. Ease back below the 10 day MVA on low volume. Still in the pattern.
GG 03/20 Asc Bse 33.15 -0.77 28.32 33.98 16M 5.6M 38.22
Current. Pullback tapping 31.96 at the intraday low and rallied back on strong volume. stock needs to hold at the 50 day MVA (32.30)
GLG 04/12 Test BO 34.93 -0.34 36.59 43.72 3.2M 1.8M 40.57
Current. Continue to pullback tapping 33.71 at the intraday low and rallied back on lower, but strong volume. May continue to pullback to simple 50 day MVA (34.10)
HAL 05/09 PreSplt 75.01 -0.24 82.12 95.95 6.2M 8.5M 79.38
Current.
HCR 05/10 Test BO 46.79 +0.91 46.77 53.40 1.7M 750K 45.15
Entered today. Great move up the 10 day MVA on stronger above average volume.
HLTH 05/01 Test BO 12.00 +0.06 11.98 14.38 3.5M 3.5M 11.22
Buy Not Issued. Showing a doji on stronger above average volume. Did not enter the play because need to see a clear and decisive move on strong volume. If stock continues the move tomorrow on good volume will be a buy.
ICE 05/05 Rv H&S 75.78 -0.63 73.05 87.85 548K 1.8M 76.00
Current.
KONG 04/29 Cup hdl 14.09 +0.14 14.35 17.25 181K 442K 13.35
Buy Not Issued.
LMNX 05/13 Test BO 15.70 +0.23 17.05 20.50 153K 250K 16.21
Buy Not Hit. Bounced holding the 18 day MVA on lower below average volume. Still in the pattern.
MGI 02/22 DB hdl 34.16 -0.15 28.69 33.98 795K 550K 35.25
Current. Tapped 35.24 at the intraday high, but gave it back holding just below the 18 day MVA on strong volume. still in good shape.
NTRI 04/14 DB hdl 69.00 +4.18 47.19 56.00 2M 1.5M 71.00
Current. Bounced off the 18 day MVA for a nice move on strong volume. Meeting some resistance at 70 established within the last month
OIS 05/01 Cup hdl 38.54 -0.16 42.18 49.95 606K 1.2M 41.57
Current. Pullback testing the simple 50 day MVA intraday and rallied back on below average volume. Stock needs to break through resistance at the 50 day MVA (39.15)
PLLL 04/10 Cup 23.36 +1.16 21.55 25.88 579K 565K 24.00
Current. Bounced for a nice gain on lower, but strong volume. Made nice attempt to recover after the last two days. Meeting some resistance at 18 day MVA (23.65)
PMTI 05/15 Test BO 42.77 +1.87 42.32 55.00 292K 431K 40.62
Entered today. Nice breakout move on average volume.
PRFT 05/13 Asc Bse 12.38 -0.24 12.71 15.30 104K 282K 12.00
Buy Not Issued.
RADN 04/24 DB hdl 15.51 +0.33 16.80 20.15 121K 304K 16.12
Current.
RTN 05/15 Asc Bse 46.48 -0.79 47.55 54.95 1.5M 2M 45.89
Buy Not Hit.
RYI 04/24 Cup hdl 27.26 +0.10 31.25 37.55 798K 650K 29.12
Current. Volatile session tapping 26 at the intraday low and made a fierce rally back on lower, but strong volume. Needs to hold at support at 27.
SOX 05/03 Test 50 484.26 -2.71 526.00 550.00 0 0 523.00
Current. Need a bounce for at a minimum a better exit point.
VARI 05/06 Cup hdl 42.52 -0.06 44.68 52.95 204K 264K 42.72
Current.
WEBX 04/29 Test BO 33.31 -0.18 36.45 43.45 324K 850K 34.55
Current. Showing a doji on low volume on the simple 50 day MVA. Beginning to consolidate.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
CHRW 05/13 Put 46.45 -0.25 46.26 44.00 1.3M 1.2M 47.42
Current. Gapped down on stronger above average volume. Meeting some support at 46.
CPO 05/10 Put 26.79 -0.14 26.95 25.00 321K 550K 27.38
Buy Not Issued.
LAB 05/11 Put 13.53 +0.28 13.63 12.12 524K 750K 13.68
Current. Bounced on lower below average volume. Still in downtrend.
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.
|
trade stock
stock recommendation
|
