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us stock market, stock recommendation
Begin part 2 of 2
THE PLAYS
Good movers: AGE; MGI; OII; PMTI; PRFT; SMSI WFT
NEW PLAYS:
Upside plays:
Play Date: 05/25/2006
DRIV (Digital River--$46.77; +0.67; optionable): e-commerce outsourcing solutions (design, hosting, optimization, etc.)
http://biz.yahoo.com/p/d/driv.html
STATUS: Ascending base. DRIV broke to a 6.5 year high in mid-March as part of a 3.5 month run off of the lows hit in November 2005. After that move it formed the current 10 week base that has moved roughly laterally in a range from 42.50 to 47.50, making higher lows as the 50 day EMA (44.13) rose to meet it. Excellent 4 to 0 accumulation in the lateral base (4 up price weeks on rising volume to 0 down price weeks on rising volume) shows buyers still want the stock. Moved up toward the top of the range this week but volume has remained below average. Nice pattern but we are not going to rush it. Just going to let it show us the break higher with some strong volume to show us the buyers are piling in again.
Volume: 615.688K Avg Volume: 971.533K
BUY POINT: $47.55 Volume=1.5M Target=$57.00 Stop=$45.57
POSITION: DQI II - Sept. $45c (63 delta) &/or Stock
http://www.investmenthouse.com/ct/driv.html
Play Date: 05/25/2006
DOX (Amdocs--$38.27; +0.67; optionable): Customer management, order management, etc. for service providers
http://biz.yahoo.com/p/d/dox.html
STATUS: Test breakout. DOX is testing the nice late April break higher as DOX moved out of an 8 week lateral base above the 50 day EMA (36.26). Nice volume surge higher, and during the recent market selling it faded in an orderly fashion, testing and holding above the 50 day EMA (36.26) on the lows. Volume jumped this week and DOX moved up toward the next break higher to continue the run. Strong money flow is leading higher and relative strength broke out with the stock and is holding up as it tests. Strong stock.
Volume: 1.01M Avg Volume: 1.247M
BUY POINT: $38.69 Volume=1.6M Target=$45.00 Stop=$37.38
POSITION: DOX JG - Oct. $35c (74 delta) &/or Stock
http://www.investmenthouse.com/ct/dox.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
AGE 05/24 Test 50 52.78 +1.17 52.74 62.00 477K 700K 51.48
Entered today.
AXE 05/24 Test 50 49.04 +0.87 49.65 57.00 263K 400K 47.78
Buy Not Hit.
BMRN 05/20 Dbl btm 13.00 +0.27 13.50 16.25 968K 2M 12.45
Buy Not Hit.
CC 05/15 Test 18 28.04 -0.23 30.11 35.95 3M 2.8M 28.45
Current.
COHR 05/17 Test 50 34.27 +0.25 35.72 41.00 146K 435K 33.55
Current.
CTSH 04/26 Test BO 61.30 +0.47 64.11 73.95 1.8M 1.4M 66.38
Current.
CTXS 05/20 Test 50 39.30 +0.25 40.88 49.00 1.8M 4M 38.55
Buy Not Hit. Tested the 50 day MVA intraday and rallied back on lower below average volume. Still in the pattern.
FLSH 05/13 Cup hdl 33.79 -0.37 35.05 43.95 1.4M 1.9M 33.88
Buy Not Issued. Pullback testing the 50 day MVA intraday and rallied back on rising but average volume. Still forming the handle.
FMD 05/22 Test 50 44.65 +0.55 45.85 55.00 736K 1M 44.00
Buy Not Hit.
FVE 05/17 DB hdl 10.77 +0.11 11.15 13.65 106K 559K 10.37
Current.
GISX 05/17 Test BO 40.18 +0.50 40.11 47.95 94K 150K 38.72
Buy Not Issued.
HCR 05/10 Test BO 46.86 +0.33 46.77 53.40 697K 750K 45.60
Current. Moving up the 10 day MVA on below average volume.
LFUS 05/23 Rv H&S 35.10 +0.65 35.65 42.00 173K 270K 33.55
Buy Not Hit.
MGI 02/22 DB hdl 34.69 +1.00 28.69 33.98 617K 550K 35.25
Current. Broke out of the lateral move for a nice gain on average volume
OII 05/16 Test BO 75.65 +3.79 70.84 82.00 1.1M 600K 73.35
Current. Gapped up at the open for an explosive move on excellent volume. Broke through some resistance at 75.
PFWD 05/17 Test 50 13.00 -0.25 13.15 15.95 184K 300K 12.45
Current.
PKE 05/20 Test 50 31.20 +0.29 31.97 39.00 107K 145K 29.89
Buy Not Hit. Moving up after testing the 50 day MVA on average volume. Still in the pattern.
PLLL 04/10 Cup 23.03 +1.61 21.55 25.88 510K 565K 24.00
Current. Great move up holding the 18 day MVA after testing the 50 day MVA
PMTI 05/15 Test BO 43.67 +1.88 42.32 55.00 245K 431K 41.98
Current. Tested the 10 day MVA intraday and rallied back for a nice gain on average volume. Moving up after testing the 18 day MVA.
PRFT 05/25 Asc Bse 13.46 +0.94 13.48 16.25 604K 338K 12.54
Entered today.
SMDI 05/24 Test 18 12.17 +0.27 12.55 15.12 711K 677K 11.38
Buy Not Hit. Moving up after testing the 18 day MVA on stronger above average volume.
SMSI 05/24 Asc Bse 13.51 +0.80 13.47 16.30 675K 714K 12.53
Entered today. Gapped up at the open for a great move on stronger above average volume.
SYKE 05/22 Test 50 17.19 +0.25 16.98 20.38 315K 370K 16.39
Current. Tested the 10 day MVA intraday and rallied back on lower, but above average volume. Moving up after testing the 50 day MVA.
VARI 05/18 Test 50 43.66 +0.06 43.68 49.95 259K 275K 42.42
Current. Tested the 18 day MVA intraday and rallied back on above average volume. Moving up after testing the 50 day MVA.
VARI 05/06 Cup hdl 43.66 +0.06 44.68 52.95 259K 264K 42.72
Current.
VMSI 05/22 Test BO 47.24 +0.35 47.85 56.95 215K 425K 45.32
Buy Not Issued. Still in the pattern.
WEBX 04/29 Test BO 35.02 +0.38 36.45 43.45 473K 850K 34.55
Current. Moving up after testing the 50 day MVA.
WFT 05/20 Test 50 53.00 +2.33 53.30 63.78 3M 4.5M 50.78
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
CELL 05/23 Put 22.63 -0.61 22.21 20.00 1.7M 1.2M 23.57
Current. Nice move down the 10 day MVA on stronger above average volume. Came off the day's low of 21.40.
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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