OXPS OXPS OptionsXpress Holdings, Inc. (NYSE:OXPS)

[Naamplao]

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This thread is closed since I want to preserve it for Technical Analysis. If you want to discuss this stock with me, take it to the "Back Bacon and a 2-4 Lounge". If you wish to post information about new developments about the company then post it in the regular Hideout areas, please

The charts in this thread automatically update so you will always see current charting info on the stock. I may update this with comments as I think appropriate
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This stock was suggested by Mort....here is a summary of the company

OptionsXpress Holdings, Inc., a pioneer in equity options and futures trading, offers an innovative suite of online brokerage services for investor education, strategy evaluation and trade execution. optionsXpress Holdings subsidiaries include optionsXpress, Inc., a retail online brokerage specializing in options and futures, brokersXpress, LLC, an online trading and reporting platform for independent investment professionals, and Open E Cry, LLC, an innovative futures broker offering direct access futures trading for high volume commodities and futures traders through its proprietary software platform.

Let us check for Pinchers

OXPS - SharpCharts from StockCharts.com

You can see we have 2 very clear Pinchers on Oct 10 and Oct 20 at about $12.50 and in typical pincher fashion you see that after the second pincher we shot up to $17.50 (40% gain) and then fell back...got to keep an eye on a stock just after a pincher.

So...I think we have established a nice bottom support here!

Now look at the normal Sharpchart

OXPS - SharpCharts from StockCharts.com

It is curious that in the bad times of July-Sept the stock came very close to having its 50dayMA bullishly cross the 200dayMA but the bottom fell out in October and we are where we are today.

The Bollinger bands are showing a tightening but the final narrowing is a ways away. The share price is nicely positioned near the 20dayMA. The TRIX and RSI are very nice for this time in the market. The accum/dist is kinda flat-lined choppy, investors are swinging their opinion as to whether r not to accumulate this stock IMHO.

Looks pretty good so far

Here is the P&F chart



Very interesting....see the pennant that is forming??? Getting close to the pennant and that is where the move will be made.

First support is about $15.00 with solid support at $13.00.
The resistance is at $17.00 with another resistance at $18.00

a very narrow range.

Here is the 5 day BigCharts.com linechart



You can see that this stock is oscillating in a very ordered manner.

I personally like this stock but I would wait a bit....I would buy it under two conditions.

1. if it rose like a bullet and passed $18.00 (this would signal a good bullish run)
2. If it fell through the $15.00 support (I might set a bid at $13.50 (just above the support) to catch it before it rebounds off the support.

I really think $13.00 is the bottom here...nice stock but wait for the indication as to which way it will break.

[Naamplao]

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This thread is closed since I want to preserve it for Technical Analysis. If you want to discuss this stock with me, take it to the "Back Bacon and a 2-4 Lounge". If you wish to post information about new developments about the company then post it in the regular Hideout areas, please

The charts in this thread automatically update so you will always see current charting info on the stock. I may update this with comments as I think appropriate
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Hmmmmm....

It has been a week now since my last post on this company and as you can see I added it to my play USA portfolio. I am having second thoughts about it now as the support that I thought was solid is proving porous.

here is my normal Sharpchart

OXPS - SharpCharts from StockCharts.com

You can see that the share price that was so nicely positioned above the 20dayMA before the Bollinger band tightening dropped suddenly just before it expanded...now all bullish indications have turned bearish.

looking at the pincher chart

OXPS - SharpCharts from StockCharts.com

You can see that another pincher is 1/2 way to forming. This is the only reason I am hanging onto this stock as I think I can recover my losses on a pincher bounce when it happens.

Looking at the P&F chart in the previous thread you can see we broke through a fairly strong support at $13.00 and it may go lower yet...probably another dollar from where it is now. $13.00 is now a resistance level to cross.

Here is my 5 day BigCharts.com candlestick chart (new for me)



As you can see we had a surge at the end of the day on Friday. The slide in the RSI and MACD was arrested there. It doesn't show here but the after-hours trading shows a price of $12.48 which is a nice jump from where it ended the day ($12.13).

I see my limit now before I pull the plug on this stock....$11.20...if it falls below this level I will sell the stock and take my loss

[Naamplao]

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This thread is closed since I want to preserve it for Technical Analysis. If you want to discuss this stock with me, take it to the "Back Bacon and a 2-4 Lounge". If you wish to post information about new developments about the company then post it in the regular Hideout areas, please

The charts in this thread automatically update so you will always see current charting info on the stock. I may update this with comments as I think appropriate
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Dec 03/08 4:00pm: Well the stock recovered by the end of the day....crisis averted for the time being but this stock is under some pressure...

Here we are 2 weeks later what has happened

OXPS - SharpCharts from StockCharts.com

Well we responded well at first that tumbled again worse than before. The share price has resumed its tracking of the lower BB. The RSI is falling and the MACD is headed for a deeper negative. I do like the fact that the Accum/Dist has such a strong showing though and that offers hope as it has not been abandoned....yet

Here is the P&F Chart



It does not look good...You can see how we have fallen through 2 supports at $13.00 and $12.50...there is now obvious support in the chart. The resistance is the reverse of those previous supports.

Here is a 10 day candlestick chart from Bigcharts.com



Again you can see the support at Roughly $11.20. You will note that at this time I have this stock in my USA Play Portfolio.....if the stock falls below $11.20 I will sell it....same position as last time.