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us stock market, stock recommendation
Begin part 2 of 2
Full report issues Wednesday.
THE PLAYS
Good Movers: AKAM; COH; BITS; ICON; NVDA; UTSI
NEW PLAYS:
Upside plays:
Play Date: 10/24/2006
ATHR (Atheros Communications--$20.90; +0.91; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/a/athr.html
EARNINGS: Announced 10-23-06 after the close
STATUS: Test 200 day SMA. ATHR is in a 7 month cup with handle base of sorts, fading back to the 200 day SMA (20.10) the past week, holding that level Monday, and bouncing Tuesday after its earnings results. It gave back a chunk of the move, but has set up this nice pattern, and importantly, it didn't sell off, instead holding its nice pattern. Looking for ATHR to continue higher from here and give us our buy point.
Volume: 6.682M Avg Volume: 2.704M
BUY POINT: $21.45 Volume=4M Target=$27.50 Stop=$20.05
POSITION: QRA CD - Mar. $20c (64 delta) &/or Stock
http://www.investmenthouse.com/ct/athr.html
Play Date: 10/24/2006
IWM (Ishares Russell 2000--$75.90; +0.15; optionable)
http://biz.yahoo.com/p/i/iwm.html
STATUS: Cup w/handle. IWM is working on the 2 week handle to its 6 month base, fading back to the 10 day EMA (75.46) and holding that level on low volume this week. As we have noted, the small caps are forming up well for a breakout. We are just going to wait and let it break higher on volume. Our buy point is a bit aggressive, but if the volume is there we are ready to move in. A move to the target lands a 50%ish gain.
Volume: 30.507M Avg Volume: 45.353M
BUY POINT: $76.15 Volume=55M Target=$79.25 Stop=$75.25
POSITION: IOW AW - Jan. $75c (62 delta)
http://www.investmenthouse.com/ct/iwm.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.
PLAY STATUS: Buy not hit (stock has not hit buy point); Buy not issued (stock has hit buy point but did not enter due to weak volume, poor intraday action, poor market action); Current (ongoing play already entered); Entered today (entered the play that session); Exited (closed the position); Target hit (play hit initial target; will note if took all or partial gain or let run further); Trailing stop (exited using a trailing stop loss).
Upside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ADBE 10/12 FlyPlat 38.09 -0.49 38.74 46.75 5.5M 8M 37.21
Current.
AEOS 10/23 FlyPlat 46.56 +0.07 46.88 54.45 2.1M 4M 44.38
Buy Not Issued. Tapped 47.08 at the intraday high, but gave it back showing a doji on low volume. Still in the pattern. Looking for a clear and decisive move.
AKAM 10/21 Test 50 49.60 +2.25 47.20 55.95 5.6M 7M 47.45
Current. Great move up on stronger above average volume after testing the 50 day MVA
AMX 10/04 Asc Bse 43.73 -0.03 40.21 47.95 2.5M 5.2M 42.31
Current. Pullback showing a doji on below average volume. Still in uptrend.
AQNT 10/16 Cup 27.60 +0.74 27.05 32.48 1.1M 1.4M 25.24
Buy Not Issued. Although rising, not enough volume to enter the play. Will let test back.
BAMM 10/23 Test BO 19.96 -0.09 20.24 24.45 122K 150K 18.94
Buy Not Issued. Gapped up at the open, but gave it back on average volume. Looking for the clear and decisive move on strong volume.
BEAS 10/23 FlyPlat 15.99 -0.26 16.38 19.75 8.2M 6.8M 15.23
Buy Not Hit.
BITS 10/14 Test BO 10.44 +0.53 9.75 12.68 409K 200K 9.72
Current.
BLKB 10/03 Asc Bse 25.03 -0.23 24.59 29.00 160K 433K 24.28
Current. Pullback testing the 10 day MVA intraday and rallied back on low volume. Typical pullback.
BMRN 10/11 DB hdl 15.74 -0.37 16.62 19.95 377K 1.2M 15.89
Current. Ease back holding the 50 day MVA on low volume. Looking for a rebound from here.
BRCM 09/25 Test 50 27.00 -0.58 30.96 35.68 13M 17M 29.32
Current. Continue to pullback on below average volume. Holding at some support. Looking for a rebound for at a minimum a better exit.
CHRS 10/09 Cup hdl 14.85 -0.11 15.21 18.25 1M 2.8M 14.22
Buy Not Hit.
COH 09/25 Test BO 39.21 +2.88 35.05 40.48 14M 5M 37.11
Target Hit. Excellent!! Gapped up at the open for an explosive move hitting the target. Took some of the money off the table.
CRM 10/18 Test BO 40.50 +0.06 41.35 49.45 1.1M 2.2M 39.65
Buy Not Hit.
CRM 09/12 Cup hdl 40.50 +0.06 36.61 42.95 1.1M 3M 39.48
Current. Beginning to make a lateral move along the 10 day MVA on low volume.
CWTR 09/16 Cup hdl 30.31 +0.31 29.16 35.35 650K 1.6M 28.69
Current. Continue to move up the 10 day MVA on low volume.
CXW 10/18 Test 18 46.01 +0.02 46.48 54.85 377K 600K 44.78
Buy Not Issued. Showing a doji on the 10 day MVA on low volume. Still in the pattern.
DJO 10/18 Asc Tri 38.29 -1.60 40.65 48.78 502K 280K 38.95
Buy Not Hit. Stock has not made the move we were looking for so will drop.
DRIV 09/09 Test BO 53.05 +0.11 50.34 57.50 2.1M 1.4M 52.31
Current. Tapped 54.55 at the intraday high, but gave it back showing a doji on the 10 day MVA on very strong volume surge. Should be ready to bounce from here.
EZPW 10/21 Test BO 44.04 -0.26 44.12 51.95 477K 750K 41.85
Current. Gapped up at the open, but gave it back on low volume. Moving up after typical pullback.
FFIV 10/13 DB hdl 57.26 -0.36 58.00 69.95 447K 1.5M 55.89
Current. Ease back holding the 10 day MVA on low volume. Moving up after testing the 200 day MVA.
GME 10/21 Test BO 50.90 -1.19 52.21 60.45 1.4M 1.7M 50.22
Buy Not Issued. Pullback holding the 10 day MVA on stronger volume. May continue to test back to 18 day MVA (50)
GME 10/11 Cup hdl 50.90 -1.19 49.84 58.95 1.4M 2.1M 49.65
Current.
GYMB 10/18 Test BO 47.04 +0.32 46.35 52.95 602K 1.6M 44.85
Current.
GYMB 09/19 Cup hdl 47.04 +0.32 37.52 44.68 602K 1.4M 44.22
Current. Continue to trend higher on low volume.
HMSY 10/21 Cup hdl 13.97 +0.67 14.41 17.38 236K 331K 13.39
Buy Not Hit. Tapped 12.98 at the intraday low and rallied back for a nice gain on much stronger volume surge. Looking good.
HOC 10/10 Dbl btm 48.55 +0.81 46.82 54.50 896K 1.2M 47.11
Current. Bounced off the 10 day MVA on rising volume. Moving up after routine pullback.
HOLX 10/10 Dbl btm 48.47 -0.68 48.40 55.95 544K 1.1M 47.55
Current. Ease back holding the 10 day MVA on low volume. Typical pullback.
ICE 10/18 Test 18 83.82 +1.41 83.64 94.95 2M 2.4M 80.32
Entered today. Continue the move on average volume.
ICON 10/23 Test BO 18.81 +0.55 18.98 22.95 580K 635K 17.98
Entered today.
ICON 09/30 Cup hdl 18.81 +0.55 17.44 20.80 580K 665K 17.98
Current.
ISE 10/14 Cup hdl 50.72 +0.87 51.44 58.95 619K 833K 48.65
Current. Bounced off the 10 day MVA on average volume. Moving up after routine pullback.
ISE 09/16 Cup hdl 50.72 +0.87 46.05 52.95 619K 550K 48.65
Current.
KNOT 09/23 Cup hdl 24.44 +0.13 21.21 25.55 198K 490K 22.72
Current. Moving up on low volume. Still in uptrend.
LIFC 10/16 Asc Bse 31.84 -0.31 32.25 38.75 668K 1.1M 29.98
Buy Not Issued. Ease back testing the 18 day MVA intraday and rallied back on average volume. Still in the pattern.
LRCX 10/18 Test BO 49.55 -0.27 49.75 57.45 2.1M 5.7M 48.31
Current. Ease back on low volume. Moving up after testing the breakout.
LRCX 09/30 Cup hdl 49.55 -0.27 45.69 54.95 2.1M 5M 49.95
Current.
LVLT 10/21 Test BO 5.66 -0.12 5.98 7.50 54M 44M 5.52
Buy Not Hit.
MVSN 08/28 DB hdl 26.71 +0.04 24.14 26.95 619K 990K 25.65
Current.
NIHD 10/07 Test BO 64.01 -0.58 64.55 74.45 701K 2.4M 62.39
Buy Not Issued. Pullback holding the 10 day MVA on low volume. Looking for the breakaway move on strong volume.
NTRI 10/12 DB hdl 67.98 +1.05 67.35 79.95 3.6M 2.9M 64.95
Current. Up big (+4.50 to 71.40) after hours with earnings. Volatile session tapping 72.70 at the intraday high, but gave much of it back showing a doji on strong volume surge.
NVDA 10/03 Test 50 32.50 +0.92 28.26 32.50 8.6M 17M 31.65
Current. Moving up for a nice gain on rising volume after testing the 18 day MVA.
NVEC 10/14 Test 50 39.19 -3.14 33.75 40.00 1.5M 580K 40.55
Current. Took back much of yesterday's gain on much lower, but strong volume. Still in good shape.
NYX 10/19 Cup hdl 75.24 +0.24 75.55 86.95 1.5M 2.4M 72.95
Buy Not Issued. Moving up on below average volume after testing the 18 day MVA. Still forming the handle.
PENN 10/17 DB hdl 38.66 -0.49 39.44 46.95 317K 900K 37.35
Buy Not Issued. Ease back holding the 10 day MVA on low volume. Still forming the handle.
PKE 10/07 Cup hdl 31.22 -0.35 33.22 39.88 172K 281K 32.11
Exited.
PLCE 10/11 Cup hdl 68.98 +0.16 66.56 76.75 367K 922K 66.48
Current. Continue to trend higher on low volume.
PLCE 09/14 Test 20 68.98 +0.16 59.85 68.00 367K 800K 66.48
Current.
PRFT 09/19 Test BO 17.11 -0.07 15.08 18.12 176K 345K 16.78
Current. Ease back on low volume. Still in the pattern.
RVSN 10/17 Cup hdl 19.91 +0.18 19.72 23.72 595K 225K 18.98
Current. Gapped up at the open showing a tight doji on very strong volume surge. Stock may be ready to continue up the 10 day MVA
SIGM 10/09 Cup hdl 17.96 -0.22 16.09 19.39 477K 928K 17.39
Current. Pullback holding the 10 day MVA on low volume. Routine pullback.
SMSC 10/03 Cup hdl 29.28 -0.61 29.21 34.75 152K 504K 31.22
Current. Low volume pullback below the 18 day MVA. Looking for a bounce off the 50 day MVA (28.56)
SMSC 09/16 Cup hdl 29.28 -0.61 30.05 34.75 152K 504K 31.22
Current.
SMSI 10/18 Test BO 16.59 -0.02 17.35 20.95 445K 1.1M 15.95
Buy Not Hit.
SMSI 10/04 Rev HS 16.59 -0.02 15.23 17.98 445K 1.5M 15.95
Current. Moving up after testing the 10 day MVA.
TRAD 10/07 Cup hdl 15.64 +0.31 16.40 19.72 417K 450K 15.32
Exited.
TSRA 10/14 Rev HS 34.04 -0.66 37.05 43.45 745K 710K 35.08
Exited.
UARM 10/18 Test BO 46.51 -0.48 45.85 54.95 662K 1M 44.85
Current. Pullback on lower below average volume. Moivng up after testing the breakout.
UARM 09/11 Dbl btm 46.51 -0.48 37.12 43.00 662K 1M 45.27
Current.
UTSI 10/05 Cup hdl 10.10 +0.31 9.56 11.68 3.4M 2.5M 9.77
Current. Big gap up showing a doji on very strong volume surge. Filled the gap intraday. Broke through some resistance at 10
VLTR 10/19 Cup hdl 16.65 -0.60 18.25 21.95 1.3M 406K 17.44
Buy Not Issued. Stock has not made the move we were looking for so will drop.
WST 10/23 DB hdl 41.94 +0.09 42.95 49.75 159K 400K 40.94
Buy Not Hit.
ZUMZ 10/14 Rev HS 31.81 +0.14 33.32 39.95 179K 923K 31.78
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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