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trend trading stock, trading system
Begin part 2 of 3
CONTINUING PLAYS
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LEGEND FOR CONTINUING PLAY TABLE
DATE: date play first appeared on report.
PLAY: Denotes the type of pattern or play.
Upside play types: Asc Tri=Ascending triangle; 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; 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
ACOR 04/17 Cup hdl 25.20 +0.21 24.32 30.65 560K 600K 22.62
Buy Not Issued. Do not like the action. Too volatile. Will drop for know, but keep our eye on it.
ADM 04/06 Test 20 36.14 -0.48 37.68 44.89 6.1M 12M 37.94
Exited. Gapped up but reversed on average volume holding the simple 50 day EMA.
AH 04/24 Test BO 77.69 +5.61 70.00 79.95 4.3M 890K 75.55
Target Hit. Explosive move on very strong volume surge hitting the target. Took some of the money off the table and will let the remaining position work for us.
AKRX 04/30 Test BO 7.31 -0.07 7.58 9.22 198K 400K 7.05
Buy Not Hit. Still in the pattern. Pullback on low volume holding the 10 day EMA. Will need to see a clear and decisive move on strong volume.
APH 04/25 Test BO 35.96 +0.09 36.07 41.95 939K 1.7M 34.95
Buy Not Hit. After testing the 18 day EMA on Monday the rest of the week stock has rebounded on below average volume. Tested the 10 day EMA intraday and rallied back showing a doji. Need to see strong volume on upside move
ASML 04/30 Test BO 27.29 +0.07 27.68 32.95 1.6M 3.5M 26.85
Buy Not Hit. This week beginning to consolidate just above the 10 day EMA on low volume. Still in the pattern.
BTU 04/11 DB hdl 49.33 +0.29 46.32 53.32 3.4M 7M 47.11
Current. Moving up after testing the 18 day EMA on Tuesday. Meeting some resistance at 50 established last April.
CELG 04/28 Test BO 61.61 -1.25 62.65 69.95 11M 4.5M 60.89
Buy Not Issued.
CELG 04/12 Cup hdl 61.61 -1.25 58.98 67.95 11M 5M 60.89
Current. Gapped lower on an earnings miss related to one of its main drugs, but CElG spent the session rebounding and closed in its lateral range. Given action we will see if it can hold, consolidated laterally some more and then make a new upside move.
CNX 05/02 DB hdl 42.81 -0.08 44.54 51.88 2.3M 4.3M 41.65
Buy Not Hit. Moving up after testing the 18 day EMA intraweek. Still forming the handle.
CROX 04/23 Cup hdl 57.41 +0.21 56.20 66.45 4.6M 3.1M 63.21
Current. Exploding after hours on its earnings report. Great volume heading into the results and its trading just below our target. Stocks have been gapping higher & then running some so we will see if it can run after the initial gap & test. Also announced a 2:1 split.
CXW 03/27 DB hdl 59.26 +2.01 53.44 60.48 863K 450K 56.58
Target Hit. Making the 'correct' move as stock exploded higher on excellent volume surge. Took some of the money off the table and will let the remaining position work for us.
DRIV 04/14 Asc Bse 57.51 -0.50 57.04 67.95 1.2M 1.6M 58.11
Current. Pullback this week testing the breakout on Friday. Holding the 10 day EMA on lower, but strong volume. Should be ready to bounce from her.
DXPE 04/30 Test BO 48.80 +1.53 49.05 56.45 194K 322K 45.98
Buy Not Issued. Tapped 46 the low and bounced on below average volume. Rebounding after testing the breakout. Still in the pattern.
ESV 04/28 Cup hdl 58.15 +0.29 57.84 66.45 2.8M 3.2M 56.41
Current. Continue with the uptrend on average volume.
FTO 05/01 PreAnn 35.97 +0.17 36.04 41.95 1.8M 2.5M 34.22
Buy Not Issued. Tested the 10 day EMA intraday and bounced on average volume. Meeting some resistance at 36 established last August. Looking for the breakaway move.
GSF 04/28 Asc Bse 65.69 +0.45 66.21 75.85 4.6M 6M 63.08
Current. Nice bounce off the 10 day EMA on average volume. Stock has continued to rebound this week after Monday's test of the 10 day EMA. Continue with the uptrend. Broke through some resistance at 65 making a 52 week high.
HLTH 04/26 Test BO 16.12 -0.02 16.38 19.55 1.8M 4M 15.77
Buy Not Hit. Moving laterally along the 10 day EMA. Looking for the breakaway move.
HNP 04/24 Test BO 41.36 -0.20 42.11 49.95 155K 225K 40.22
Buy Not Hit. Testing the 18 day EMA intraday week and rebounded on rising volume. Still in the pattern.
HOC 03/13 Asc Bse 63.52 -0.26 57.73 64.95 484K 750K 62.31
Current. Testing the 10 day EMA this week on low volume. showing a doji on the 10 day EMA. Next critical point for stock to break through is 64.
IIG 04/21 Cup hdl 25.94 -1.76 26.04 31.00 823K 6.5M 24.28
Buy Not Issued. After making a nice run all week stock fell on lower, but above average volume holding just above the 10 day EMA. Will need to make a clear and decisive move on strong volume.
IPAR 05/02 Test BO 23.48 +0.43 23.68 28.32 291K 135K 22.64
Entered today. Broke out on excellent volume surge. Tested the 10 day EMA intraday and made a fierce rally for a nice gain. Came off the day's high of 23.91
MA 04/27 Cup hdl 134.82 +8.47 113.88 128.95 8.5M 4.5M 131.44
Current. Continue to Master the market as stock soared on lower, but strong volume making an all time high.
MCHP 04/19 PreAnn 40.92 -0.08 37.95 43.75 1.8M 3.1M 36.45
Buy Not Issued. Showing a doji on low volume. Stock will need to pullback so will drop for now.
MO 04/24 Test BO 69.77 +0.66 70.44 79.45 8.6M 13M 68.78
Current. After testing below the 18 day EMA on Tuesday, stock rebounds on rising volume today. Next critical point for the stock to break through is some resistance at 70
MS 03/24 DB hdl 85.28 +0.92 81.73 94.95 3M 8.9M 83.05
Target Hit. Maybe we were too hasty, but we wanted the money for
other issues. It was sluggish and we took the gain.
NTGR 04/09 Dbl btm 34.95 +0.22 30.68 36.75 918K 1M 33.89
Current. Continue with the uptrend on stronger above average volume.
NVDA 04/24 Cup 33.47 +0.62 32.88 37.85 8.3M 12M 32.11
Current. Consolidating on below average volume. Building for next move up.
OMCL 04/18 Rev HS 23.53 -0.33 21.95 26.38 333K 471K 22.68
Current. Pullback testing the 10 day EMA intraday and bounced on average volume. This week stock continued to pullback on average volume to test the 10 day EMA. Rebounding after testing the breakout.
ONNN 05/01 Test BO 10.98 +0.41 11.22 13.75 12M 11M 10.55
Buy Not Hit. Tested the 10 day EMA intraday and rallied back for a great move on stronger above average volume. Looking good. In the pattern.
OO 05/01 Test BO 24.99 +0.32 24.65 29.58 293K 450K 23.98
Current. Rebounding after testing the 10 day EMA this week. Meeting some new resistance at 25. Needs to break through here to make next leg up.
PRFT 04/28 Test 50 21.45 -0.33 22.48 26.95 473K 500K 20.91
Buy Not Hit. Rebounding after testing the 50 day EMA. Today's session pullback below the 18 day EMA on stronger above average volume. Still in the pattern.
PRFT 03/10 Test 50 21.45 -0.33 20.25 23.95 473K 600K 19.05
Buy Not Hit.
PTNR 04/18 Test BO 16.38 +0.11 16.85 19.98 294K 606K 16.08
Current. Continue to test last Thursday's breakout showing a tight doji on the 10 day EMA on low volume. Looks ready to bounce from here.
RIG 04/25 DB hdl 89.65 +0.44 86.05 98.95 5.8M 6M 87.24
Current. Continue to trend higher on average volume. Trading in the range of May 2006.
ROLL 03/31 Dbl btm 38.26 -0.68 35.11 40.88 91K 185K 37.11
ROSE 05/02 Test BO 21.99 +0.04 22.32 26.32 832K 380K 21.69
Buy Not Hit. Moving up after testing the breakout. Showing a doji on the 10 day EMA on very strong volume surge. Doji may indicate stock is ready to rebound.
RS 04/30 Test BO 61.40 +1.19 58.90 69.95 940K 1.6M 59.11
Current. Moving up on low volume after testing the 10 day EMA intraweek. Needs to break through some new resistance at 61.50 to makes its next leg up.
SIAL 04/26 Asc Bse 43.01 +0.27 42.66 50.95 578K 1M 41.04
Buy Not Issued. Stock has not had the volume we needed to enter the play. Will let test back.
SPR 05/02 Flat 32.36 +0.16 32.88 37.95 507K 1.1M 31.22
Buy Not Hit. Needs to break through some resistance here established in March/April. Still in the pattern.
SUN 04/20 Test 18 76.47 -1.23 74.55 84.95 6M 4.9M 75.22
Current. Reported earnings and gapped lower but bounced off
support and closed in its recent range. This happened
on more than 1 stock Thursday & we are looking for
SUN to continue higher off this action.
TESO 03/01 Cup hdl 28.93 -0.55 22.43 26.48 454K 165K 29.48
Trailing Stop. May find bottom here but the action is iffy & asks
for a test lower. Decided to take the rest off the
table, see how it shakes out, & move in when it gets
back to the upside.
TRW 03/01 Test BO 37.16 -0.04 30.55 35.95 770K 530K 36.11
Target Hit. Took the rest off the table as earnings did nothing
for it. After a long run the additional upside versus
the potential downside risk was lower so we closed it.
VMSI 04/20 DB hdl 51.05 -0.68 47.79 55.65 400K 570K 49.88
Current. Taking a breather after great run. Not traded at this level since 2005
VSAT 05/01 DB hdl 34.79 +0.28 35.08 40.75 74K 245K 33.54
Buy Not Hit. Moving up on low volume after testing the 10 day EMA. Still forming the handle.
VTIV 03/28 DB hdl 39.41 -0.59 38.95 44.65 249K 458K 38.55
Current. Continue to trend higher on low volume.
WFR 04/03 Test 18 57.78 +0.50 61.72 69.95 6.1M 6M 63.48
Exited.
WFR 03/06 Test 50 57.78 +0.50 54.48 61.95 6.1M 5.4M 63.48
Trailing Stop. Showed a doji at the 50 day EMA after the nice Wednesday recovery bounce. Took it off the table given the bump
into resistance.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
SBUX 03/28 Put 31.62 +0.37 31.18 30.00 23M 10M 31.05
Current. Purposefully rode this into earnings & it jumped over
$1 on the news. It has been peeling back after that
initial surge. Will not be surprised to see it turn
back down from these results.
End part 2 of 3
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trend trading stock
trading system
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