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us stock market, stock recommendation
Begin part 2 of 2
We apologize for the late delivery. We experienced a data loss and ahd to rebuild several of our plays.
THE PLAYS
Good movers: CELL
NEW PLAYS:
Upside plays:
Play Date: 05/30/2006
BIDU (Baidu.com--$77.65; -1.79; optionable): Chinese internet retail
http://biz.yahoo.com/p/b/bidu.html
After Hours: $78.00
STATUS: Breakout test. BIDU gapped higher 3 weeks back on a strong earnings report, gapping out of a 5.5 month cup base. It stalled on the gap; no wonder after an almost 25 point move on that news. It has moved laterally since, holding the gain even in the market selling, trending sideways on lower and lower trade. The 18 day EMA (76.31) has now rising to meet it. Looking for that to act as the catalyst to send BIDU higher on another good run. When it gets going, it goes in a hurry.
Volume: 1.66M Avg Volume: 1.664M
BUY POINT: $79.35 Volume=2.5M Target=$93.00 Stop=$76.00
POSITION: BDQ IP - Sept. $80c (56 delta) &/or Stock
http://www.investmenthouse.com/ct/bidu.html
Downside:
Play Date: 05/30/2006
CBG (CB Richard Ellis--$74.58; -1.93; optionable): Property management
http://biz.yahoo.com/p/c/cbg.html
STATUS: Put. After a long, steady move up the 18 day EMA (78.98) through early May, CBG's upside has run out of road. It made what looked to be a routine test of the 50 day EMA (79.14) mid-May, but then fell through that level. It tried to rebound the past three sessions, but Friday showed a doji below the 10 day EMA (77.05) and Tuesday turned down from that level on rising, average trade. The inability to move through the 10 day EMA shows it has weakened considerably. Money flow is diving lower ahead of price, leading the way lower. Looking to move in on a further solid volume move lower. A run to the target lands us a 45%ish gain.
Volume: 825.5K Avg Volume: 715.931K
BUY POINT: $74.22 Volume=850K Target=$74.05 Stop=$75.21
POSITION: CBG SO - July $75p (-46 delta)
http://www.investmenthouse.com/ct/cbg.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
AGE 05/24 Test 50 53.60 -0.60 52.74 62.00 642K 700K 52.98
Current.
AXE 05/24 Test 50 48.06 -1.20 49.65 57.00 220K 400K 47.78
Buy Not Issued.
BMRN 05/20 Dbl btm 12.84 -0.49 13.50 16.25 1.1M 2M 12.45
Buy Not Hit.
CC 05/15 Test 18 29.23 -0.77 30.11 35.95 3M 2.8M 28.45
Current.
COHR 05/17 Test 50 33.01 -1.27 35.72 41.00 336K 435K 33.55
Exited.
CTSH 04/26 Test BO 58.11 -1.90 64.11 73.95 1.7M 1.4M 66.38
Exited.
CTXS 05/20 Test 50 37.37 -1.22 40.88 49.00 3M 4M 38.55
Buy Not Hit. The stock has not performed so will drop.
DOX 05/25 Test BO 37.47 -0.53 38.69 45.00 1.5M 1.6M 37.38
Buy Not Hit.
DRIV 05/25 Asc Bse 44.68 -2.32 47.55 57.00 778K 1.5M 45.57
Buy Not Hit. Pullback on below average volume managing to hold above the 50 day EMA. Still in the pattern. Needs to hold the 50 day EMA (44.35)
FLSH 05/13 Cup hdl 32.93 -0.78 34.38 43.95 494K 1.9M 32.28
Buy Not Issued. Ease back on low volume. May continue to test back to 50 day EMA (32.50)
FMD 05/22 Test 50 45.05 -1.10 46.14 55.00 394K 1M 44.28
Current.
FORR 05/27 Test BO 24.37 -1.46 26.48 31.75 101K 172K 25.28
Buy Not Hit. The stock has not performed so will drop.
FVE 05/17 DB hdl 11.24 -0.03 11.15 13.65 312K 559K 10.37
Current.
GISX 05/17 Test BO 40.30 +0.06 40.11 47.95 154K 150K 38.72
Buy Not Issued.
HCR 05/10 Test BO 46.47 -0.29 46.77 53.40 609K 750K 45.60
Current. Ease back on low volume. May test back to 10 day EMA (46.30)
LFUS 05/23 Rv H&S 34.42 -0.60 35.65 42.00 100K 270K 33.55
Buy Not Hit.
LMIA 05/27 Test BO 19.56 -0.89 20.75 24.95 125K 265K 19.65
Buy Not Hit. Pullback to hold the 18 day EMA on low volume. Moving up after testing the 50 day EMA.
MGI 02/22 DB hdl 34.37 -0.57 28.69 33.98 508K 550K 34.48
Current. Pullback to hold the 10 day EMA on rising but below average volume. May test back to support at 34 before next bounce.
OII 05/16 Test BO 73.53 -1.69 70.84 82.00 529K 600K 73.35
Current. Gapped up at the open, but gave it back on above average volume. Meeting some resistance at 75. Still in uptrend.
PFWD 05/17 Test 50 12.83 -0.18 13.15 15.95 156K 300K 12.55
Current.
PKE 05/20 Test 50 30.63 -0.96 31.97 39.00 112K 145K 29.89
Buy Not Hit.
PLLL 04/10 Cup 22.62 -0.44 21.55 25.88 203K 565K 24.00
Current. Ease back on low volume to hold the 10 day EMA. Still in good shape.
PMTI 05/15 Test BO 45.05 -0.76 42.32 55.00 263K 431K 43.75
Current. Pullback on average volume. May continue to test back to support at 44
PRFT 05/25 Asc Bse 13.57 +0.18 13.48 16.25 268K 338K 12.54
Current.
SMDI 05/24 Test 18 10.67 -1.52 12.55 15.12 1.4M 677K 11.38
Buy Not Hit. Thudded down testing the 50 day EMA intraday on strong volume surge. Needs to hold the 50 day EMA (10.41)
SMSI 05/24 Asc Bse 13.51 -0.25 13.47 16.30 636K 714K 12.67
Current. Pullback tapping 13.13 at the intraday low and rallied back on above average volume. Moving up after testing the 50 day EMA.
SYKE 05/22 Test 50 16.75 -0.19 16.98 20.38 259K 370K 16.39
Current. Volatile session. Pullback tapping 16.30 at the intraday low and rallied back to hold the 10 day EMA. Should be ready to rebound from here.
UARM 05/27 Test 50 34.51 +0.11 36.12 43.50 652K 1.4M 33.88
Buy Not Hit. Tested the 50 day EMA intraday and rallied back showing another doji on low volume. Still in the pattern.
VARI 05/18 Test 50 43.51 -0.02 43.68 49.95 143K 275K 42.42
Current. Tested the 18 day EMA intraday and rallied back on rising, but below average volume. Moving up after testing the 50 day EMA.
VARI 05/06 Cup hdl 43.51 -0.02 44.68 52.95 143K 264K 42.72
Current.
VMSI 05/22 Test BO 46.40 -1.00 47.85 56.95 124K 425K 45.32
Buy Not Issued. Ease back below the 10 day EMA on low volume. Still in the pattern.
WEBX 04/29 Test BO 33.38 -1.62 36.45 43.45 716K 850K 34.55
Current. Pullback holding above the 50 day EMA on stronger above average volume. Looking for a rebound off 50 day EMA (33)
WFT 05/20 Test 50 51.61 -0.97 53.30 63.78 2.6M 4.5M 50.78
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
BJS 05/27 Put 34.95 -0.38 35.00 32.32 5.4M 5.5M 35.38
Entered today. Opened on the 18 day EMA and rolled over on rising volume for a nice move down.
CELL 05/23 Put 21.21 -1.51 22.21 20.00 1.4M 1.2M 21.72
Current. Great move down the 10 day EMA on stronger above average volume.
PGNX 05/27 Put 21.50 -0.29 21.50 20.00 228K 300K 22.04
Entered today. Tested the 18 day EMA intraday, but could not hold the gain as stock move down to hold the 10 day EMA on rising volume. Looking for stock to continue with the downtrend.
SIGM 05/27 Put 13.18 +0.09 12.73 11.30 356K 575K 13.15
Buy Not Hit.
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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