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stock recommendation, stock market today
Begin part 2 of 2
THE PLAYS
Good movers: BAMM; BIDU; GLDN; GME; ICE; MA; NVEC; NYX; PFWD
NEW PLAYS:
Upside plays:
Play Date: 11/21/2006
OMCL (Omnicell--$18.82; +0.12; optionable): Medicine dispensing systems and related products
http://biz.yahoo.com/p/o/omcl.html
STATUS: Cup w/handle. Working on a nice, quiet 5 week handle to its three year base. Volume jumped Tuesday as OMCL tried to start the run but faded back. Not bad action in an indecisive market Tuesday. Strong stock with solid fundamentals to match the strong pattern. All we do now is sit back and wait for the breakout.
Volume: 336.085K Avg Volume: 244.905K
BUY POINT: $19.69 Volume=325K Target=$23.65 Stop=$18.31
POSITION: UMK BD - Feb. $17.50c (70 delta) &/or Stock
http://www.investmenthouse.com/ct/omcl.html
Play Date: 11/21/2006
SINA (Sina.com--$28.62; +0.33; optionable): Online media in China
http://biz.yahoo.com/p/s/sina.html
STATUS: Breakout test. SINA blasted higher to start November, breaking out from a 6 month cup with handle base. This is part of a longer three year pattern, but this last base has moved it off the bottom, indicating SINA is ready to embark upon a more interesting run higher. Nice hold of the 18 day EMA (27.84) as it tested the past week, bouncing off that level Tuesday on stronger, above average volume. Strong money flow is running higher ahead of price and we are ready to move in as it makes the breakout.
Volume: 1.19M Avg Volume: 811.7K
BUY POINT: $28.89 Volume=950K Target=$33.88 Stop=$27.45
POSITION: NOQ CE - Mar. $25c (77 delta) &/or Stock
http://www.investmenthouse.com/ct/sina.html
CONTINUING PLAYS:
Upside:
Play Date: 11/20/2006
NUVO (Nuvelo--$19.71; -0.12; optionable): Biotechnology
http://biz.yahoo.com/p/n/nuvo.html
STATUS: Double bottom w/handle. Tried to start the breakout move, but could not hold it as volume backed off but was still above average. Still an excellent pattern ready to yield a breakout. To recap: Textbook 12 week base has formed using the 200 day SMA (17.42) as support for the second leg hit in the first week of November. A solid price and volume move off that level and then as pullback the past three sessions to form a handle to the base. Volume exploded higher Monday. Money flow is surging higher ahead of price and NUVO looks ripe to follow it.
Volume: 566.868K Avg Volume: 478.392K
BUY POINT: $20.42 Volume=500K Target=$24.58 Stop=$19.15
POSITION: CDQ DD - Apr. $20c (53 delta) &/or Stock
http://www.investmenthouse.com/ct/nuvo.html
CONTINUING PLAY TABLE:
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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
ACTU 11/15 Test BO 5.49 -0.07 5.78 6.97 240K 300K 5.38
Buy Not Issued. Pullback testing the 18 day MVA intraday and rallied back showing a doji just under the 10 day MVA on low volume. Still in the pattern.
ADS 10/26 Test BO 64.75 +1.05 61.17 69.95 579K 1.3M 62.42
Current. Continue to trend higher on low volume.
AKAM 11/11 DB hdl 50.65 +0.28 50.81 60.95 5.6M 7.5M 48.04
Entered today. Tested the 10 day MVA intraday and rallied back showing a tight doji on average volume. Came off the day's high of 51.19. Looking for stock to continue the pattern.
AKAM 10/21 Test 50 50.65 +0.28 47.20 55.95 5.6M 7M 48.04
Current.
AMAG 11/04 Test BO 59.40 +0.89 40.95 48.98 584K 350K 55.88
Current.
AMX 11/20 Asc Bse 44.66 -0.42 45.32 53.95 4.3M 4M 42.95
Buy Not Hit. Pullback testing the 10 day MVA intraday and rallied back on slightly above average volume. Still in the pattern.
ASMI 11/20 Test BO 21.06 +0.27 21.11 25.32 162K 194K 20.25
Buy Not Issued.
ATHR 10/24 Test 20 23.48 +0.18 21.97 27.95 1.9M 4M 23.94
Current. Moving up after testing the breakout.
BAMM 10/23 Test BO 21.60 +1.05 20.68 24.94 150K 150K 19.78
Bounced off the 18 day MVA for a nice gain on rising volume. Moving up after testing the breakout.
BIDU 11/07 Asc Bse 116.14 +5.93 91.15 101.95 2.6M 2M 111.45
Current. Pullback testing the 18 day MVA intraday and rallied back on low volume. Looking for stock to rebound from the 18 day MVA (17)
BMRN 10/11 DB hdl 17.16 -0.38 16.62 19.95 454K 1.2M 16.88
Current. Pullback testing the 18 day MVA intraday and rallied back on low volume. Looking for stock to rebound from the 18 day MVA (17)
BRCM 11/18 Test 20 36.03 -0.97 35.42 41.95 23M 20M 34.15
Current. Pullback on lower, but strong volume. Typical pullback.
BRCM 09/25 Test 50 36.03 -0.97 30.96 35.68 23M 17M 35.55
Current.
CEPH 10/30 DB hdl 73.40 -3.54 71.85 81.95 3.7M 3M 76.11
Trailing Stop. A finding that CEPH was illegally marketing drugs took it lower, and it slipped through the 18 day EMA. With
this kind of news things can get out of hand, so we
took the rest of the gain off the table.
CMG 11/04 Cup hdl 61.23 -0.63 61.35 69.98 769K 1.4M 59.89
Entered today.
COGO 11/20 Test BO 16.48 -0.59 17.32 20.78 573K 850K 16.21
Buy Not Hit. Ease back on low volume to hold the 10 day MVA. Still in the pattern.
COH 09/25 Test BO 42.20 +0.40 35.05 40.48 2.6M 5M 40.75
Current. Moving laterally on low volume before stock makes its next leg up. 10 day MVA moving up to meet the stock.
CRM 11/06 Cup hdl 41.70 +0.17 42.40 49.95 1M 3M 41.95
Current. Showing a doji on the 10 day MVA on low volume. Looking for stock to rebound from here.
CTRP 11/18 Test BO 56.05 -0.05 56.72 67.95 355K 600K 54.95
Buy Not Issued. Beginning to make a lateral move on low volume. Running parallel with the 10 day MVA.
CTRP 10/28 Test 50 56.05 -0.05 51.00 61.45 355K 577K 57.32
Current.
CXW 10/18 Test 18 46.25 -0.01 47.60 55.75 402K 600K 45.95
Current. Moving laterally along the 18 day MVA on rising volume. Should be ready to bounce from here.
CYMI 11/18 Cup hdl 48.85 -0.13 49.05 56.45 469K 1.2M 47.48
Buy Not Issued. Ease back on low volume. Still forming the handle.
DJO 11/01 Asc Tri 44.80 -0.47 41.65 48.95 133K 280K 43.95
Ease back on low volume. Still in good shape.
DRIV 09/09 Test BO 58.81 -0.17 50.34 57.50 753K 1.4M 57.55
Current. Pullback showing a tight doji on the 10 day MVA on rising volume. Typical pullback. Should rebound from here.
ERTS 11/11 Test BO 58.42 -0.07 59.02 67.95 2.7M 3.8M 57.35
Current.
EZPW 10/21 Test BO 44.48 -0.45 44.12 51.95 456K 750K 46.55
Current. Big gap down at the open and rallied back holding just below the 18 day MVA on rising volume. Showing strength coming off the day's low.
FFIV 10/13 DB hdl 73.40 +0.70 58.00 69.95 667K 1.5M 70.55
Current. Continue to trend higher on below average volume.
GLDN 11/10 Test BO 40.97 +1.63 39.30 46.32 308K 245K 38.88
Current. Tested the 10 day MVA intraday and rallied back for a nice gain on excellent volume surge making a 52 week high.
GME 10/21 Test BO 53.00 +1.84 53.00 60.45 5.1M 1.7M 50.55
Current. Gapped lower on its earnings report, but tapped the
50 day EMA and rebounded to post a gain on a strong
volume surge.
GME 10/11 Cup hdl 53.00 +1.84 49.84 58.95 5.1M 2.1M 50.45
Current.
HET 11/17 Cup hdl 75.89 -0.26 76.38 85.45 1.1M 3M 74.42
Buy Not Hit. Pullback on low volume. Still forming the handle.
HMSY 11/09 Test BO 14.05 -0.21 14.55 17.65 81K 331K 13.53
Buy Not Hit. Ease back holding the 18 day MVA on low volume. Still in the pattern.
HOC 10/10 Dbl btm 52.14 +0.71 46.82 54.50 1.1M 1.2M 50.32
Current. Moving up on stronger above average volume after testing the 18 day MVA.
ICE 10/18 Test 18 101.12 +3.44 83.64 94.95 3.4M 2.4M 97.45
Current. Tapped 95.60 at the intraday low and rallied back for a nice gain on lower, but strong volume. Continue with the uptrend.
IIG 10/25 Asc Bse 22.46 +0.17 16.49 19.95 647K 200K 23.68
Current. Tapped 21.43 at the intraday low and rallied back showing a doji on stronger above average volume. Doji may indicate a change in pattern to the upside. Tested the breakout.
IM 10/25 DB hdl 21.00 +0.26 20.84 24.95 1.1M 1.5M 20.64
Current.
IO 11/01 Test BO 10.89 -0.05 11.80 13.98 636K 750K 11.12
Exited.
LAZ 11/09 Cup hdl 43.96 -1.83 44.75 51.95 1M 555K 43.95
Current. Pullback testing the 18 day MVA intraday and rallied back to hold the 10 day MVA on very strong volume surge. Still in good shape.
LH 10/28 Cup hdl 68.69 -0.19 68.80 78.75 622K 1.5M 67.22
Buy Not Issued. Pullback holding the 10 day MVA on low volume. Typical pullback. Should rebound from here.
LRCX 11/18 Test BO 55.21 -1.39 54.55 62.95 3.8M 4.8M 54.21
Current. Pullback on average volume. Still in uptrend.
LRCX 10/18 Test BO 55.21 -1.39 49.75 57.45 3.8M 5.7M 54.78
Current.
MA 11/11 Test BO 100.60 +4.41 94.25 104.95 5.9M 3M 93.88
Current. Great move up the 10 day MVA on very strong volume surge making an all time high.
MRVC 11/14 Cup hdl 3.25 +0.02 3.49 4.48 916K 1.9M 3.22
Buy Not Hit. Tapped 3.32 at the intraday high, but gave it back showing a tight doji on below average volume. Still forming handle
MTW 11/02 Test BO 58.74 +1.79 55.50 66.48 800K 1.3M 55.35
Current.
NTGR 11/04 Test BO 26.25 +0.02 26.68 31.89 261K 750K 26.24
Current. Moving up after filling the gap showing a doji on low volume.
NUVO 11/20 DB hdl 19.71 -0.12 20.42 24.58 567K 500K 19.15
Buy Not Hit. Pullback on lower, but strong volume. Still forming the handle.
NVEC 11/11 Test BO 43.95 +3.80 42.75 51.95 1.2M 1.1M 39.43
Current. Bounced off the 18 day MVA for an explosive move on excellent volume surge.
NVEC 10/14 Test 50 43.95 +3.80 33.75 40.00 1.2M 580K 42.45
Current.
NVLS 11/13 Cup hdl 32.26 -0.84 31.12 37.25 7M 3.9M 31.54
Current.
NYX 11/02 Cup hdl 104.60 +9.28 77.10 87.95 11M 2.4M 102.32
Current. Explosive move on strong volume surge. Stock hit the target but decided to let it run.
OPLK 11/11 Test 50 19.87 -0.28 20.38 24.65 82K 368K 18.72
Buy Not Issued. Stock has not made the move we were looking for so will drop, but will keep our eye on it.
PFWD 11/08 Test BO 16.00 +0.35 15.03 17.94 491K 252K 14.89
Current. Continue with the uptrend for a nice gain on excellent volume surge making a 52 week high.
PLCE 10/11 Cup hdl 66.30 -0.43 66.56 76.75 299K 922K 68.31
Current. Showing a doji on the 50 day MVA on low volume. Should hold here and rebound.
PLCE 09/14 Test 20 66.30 -0.43 59.85 68.00 299K 800K 67.45
Current.
QLGC 10/30 Test BO 22.44 +0.25 20.65 24.65 2.2M 3M 21.55
Current. Continue with the uptrend on lower volume.
SAY 11/13 Cup hdl 23.15 +0.40 23.11 27.72 1.7M 1.1M 21.95
Entered today. Got the volume we were looking for as stock hit the buy point.
SCHW 11/06 Cup hdl 19.26 +0.32 19.04 23.25 12M 6.5M 18.48
Nice move up the 10 day MVA on strong volume making a 52 week high.
SEIC 11/04 Test 50 59.23 -0.43 56.88 64.95 241K 850K 58.95
Current. Ease back on low volume. Still in uptrend.
SKX 11/02 Test BO 29.40 +0.56 29.41 34.95 241K 500K 28.48
Buy Not Issued. Tested the 18 day MVA intraday and rallied back for a nice gain on low volume. IF stock continues the move tomorrow on strong volume will be a buy.
SMSC 11/18 Test BO 31.99 -0.73 32.63 37.95 135K 450K 31.35
Current. Pullback tapping 31.549 at the intraday low and rallied back holding above the 10 day MVA on low volume. Typical pullback.
SMSC 10/03 Cup hdl 31.99 -0.73 29.21 34.75 135K 504K 31.89
Current.
SMSC 09/16 Cup hdl 31.99 -0.73 30.05 34.75 135K 504K 31.89
Current.
SMSI 11/15 Test 50 16.47 -0.47 17.11 20.55 515K 165K 15.91
Buy Not Issued. Pullback holding the 18 day MVA on low volume. Still in the pattern.
SOHU 11/16 Dbl btm 25.29 +0.28 25.31 29.95 643K 1M 23.89
Buy Not Issued. Moving up on rising volume but not enough to enter the play. If stock continues the move tomorrow on strong volume will be a buy.
STLD 10/28 Cup hdl 32.15 +1.24 30.88 36.22 2.2M 2.1M 29.95
Buy Not Issued.
TSRA 11/08 Test BO 37.03 -0.01 37.48 44.95 590K 1M 35.95
Buy Not Issued.
TYL 11/15 Test 50 14.59 +0.32 14.52 17.48 295K 265K 13.65
Buy Not Issued.
UCTT 11/08 FlyPlat 13.92 -0.13 13.88 16.95 202K 600K 13.19
Current. Ease back on low volume. Typical pullback.
VCLK 11/18 Test BO 22.31 +0.10 22.68 26.95 1.1M 2.4M 21.48
Buy Not Hit. Showing a doji on low volume. Still in the pattern.
VCLK 11/01 Rev HS 22.31 +0.10 19.86 23.98 1.1M 2.4M 21.94
Current.
WBSN 11/13 Cup hdl 26.81 -0.19 28.22 33.95 789K 1M 26.78
Buy Not Hit. Pullback holding the 18 day MVA on stronger above average volume. Still forming the handle.
WMI 11/08 Cup hdl 37.82 -0.09 38.55 44.45 1.5M 2M 37.72
Current.
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
stock market today
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