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us stock market, stock recommendation
Begin Part 2 of 2
THE PLAYS
Good movers: THC flying; PHM broke out; NYT broke out; KLAC broke down; ADVS broke down; TECD hit the target.
BONUS PLAYS:
New:
AXP (American Express--$37.98; -0.72; optionable): Credit services
Play Date: 06/19/2002
http://biz/yahoo.com/p/a/axp.html
STATUS: Put. AXP has made us money before in this downturn, and after bouncing up from the last selling binge it has moved up to the 18 day MVA (39.32) on the high the past two sessions and rolling over today to close near the 10 day MVA and near the session low. Volume did not ramp up on the reversal which would have been the best action, but we anticipate it to start to rise again on further selling. We are looking to take advantage of the next drop down from the 18 day MVA.
Volume: 4.09M Avg Volume: 4.678M
BUY POINT: $37.75 Volume=500K Target=$34.05 Stop=$41
POSITION: AXP SI - July $45 put (-91 delta) or AXP VH - Oct. $40 put (-51 delta; light but more time)
http://www.investmenthouse.com/ct/axp.html
Revisited:
MHP (McGraw-Hill--$59.89; +0.15; optionable): Book publishing
Play Date: 06/18/2002
http://biz/yahoo.com/p/m/mhp.html
STATUS: Put. Looks ready now. A big tombstone doji that tested the 200 day MVA on the high (61.09).
Volume: 546.1K Avg Volume: 552.318K
BUY POINT: $59.55 Volume=600K Target=$56 Stop=$61.25
POSITION: MHP TM - Aug. $65 put (-61 delta) or MHP TN - Aug. $70 put (-74 delta)
http://www.investmenthouse.com/cs/mhp.html
ODSY (Odyssey Healthcare--$35.40; +0.92; optionable):
Play Date: 06/05/2002
http://biz/yahoo.com/p/o/odsy.html
STATUS: Ascending wedge. A new issue in November 2001, ODSY has rallied to 36 and now has formed an ascending wedge at that level as it rides up the 50 day MVA. It tested the 50 day MVA late last week and bounded off of that level Monday. It tried to make the move today but though volume was better, it was not above average. Looks really solid here, and it is in the right sector.
Volume: 106.5K Avg Volume: 176.863K
BUY POINT: $36.10 Volume=250K Target=$42 Stop=$33.57
POSITION: Stock and/or UPE JF - Oct. $30 call
http://www.investmenthouse.com/cs/odsy.html
PRE-ANNOUNCEMENT BEST PLAYS
HUG: Stalled at the breakout, moving lower on strong, above average volume. Still in the pattern.
PHM: Made the breakout move on some strong volume!
PRE-SPLITS BEST PLAYS:
ERES: From 6-18 report. Got cold feet at the breakout point but on low volume. Keep a close eye on this one tomorrow.
KSWS: Made the move but could not hold most of it. Still looks good. See 6-18 report
THC is flying.
PNRA moving well for us.
CONTINUING CANDIDATES BEST PLAYS
KLAC from 6-18 report falling as expected.
AZO (Autozone--$81.9; +1.07; optionable): Auto parts
http://biz/yahoo.com/p/a/azo.html
STATUS: Testing the breakout. Did not make the buy point today, but it is looking very good. It moved up off of the 18 day MVA on rising, average volume. If we get another strong volume session tomorrow we will be tempted to add a few positions before it breaks to the new high. Accumulation weeks are ahead of distribution weeks in the patter 6 to 3; very good accumulation.
Volume: 1.071M Avg Volume: 1.008M
BUY POINT: $83.50 Volume=1.5M Target=$99.50 Stop=$77.66
POSITION: AZO IO - Sept. 75 call (71 delta) and/or stock
http://www.investmenthouse.com/cs/azo.html
POST SPLITS
CUB (Cubic Corp.--$24.30; -0.95; optionable): Scientific & technical
http://biz/yahoo.com/p/c/cub.html
STATUS: Put. Tested the 50 day MVA (25.84) on the high Tuesday and then reversed on rising volume. It was not a massive volume tank, but it is definitely in sell mode and on that stronger volume. Looks good for dome downside action here that we can take advantage of. Taking what the market gives is what you have to do.
Volume: 150.9K Avg Volume: 131.136K
BUY POINT: $23.99 Volume=180K Target=$20.5 Stop=$26.75
POSITION: CUB VF - Oct. $30 put (-56 delta)
http://www.investmenthouse.com/cs/cub.html
JAH (Jarden--$19.35; +1.00; no options): Rubber & Plastics
Play Date: 06/19/2002
http://biz/yahoo.com/p/j/jah.html
STATUS: Getting back to basics, JAH is doing what economically sensitive stocks do after they split: they breakout or move to new highs. Tuesday gave a heads up with the rising volume on the 18 day MVA, and today it made the move. We should have caught it Tuesday, but this is still a good move, and we are looking to get in on some positions here.
Volume: 144.7K Avg Volume: 61.227K
BUY POINT: $19.65 Volume=125K Target=$23.5 Stop=$17.25
POSITION: Stock (no option chain
http://www.investmenthouse.com/cs/jah.html
WATCHLIST/ CONTINUING
We have put all plays in a summary table that contains the date the stock was put on the report (so you can go back and check out the details of the play) and the other pertinent information. This provides more information than the watchlist summaries and still contains comments when appropriate. VIEW THIS IN COURIER NEW, 12 FOR BEST RESULTS. You can also easily print the table from the website (www.investmenthouse.com) from the 'current reports' section. If you just want to print the table you can cut and paste it to a word document setting the font to Courier New size 12. Just left click on the beginning of the table and drag to the table end. After selecting, right click and select 'copy.' Paste into your word processor. Select it all and choose Courier New, font size 12.
Stock Date Play Close +/- Pivot Tgt Vol AvgV Stop
ACF 06/17 Put 27.52 -0.93 29.2 25.2 1.8M 1.9M 33
ACXM 05/30 A Wedge 17.25 -0.05 17.7 21 475K 639K 16.05
AET 06/13 Saucer 51.76 +0.89 50.35 60 2.3M 1.2M 46.83
ATK 06/06 Put 71.95 +1.55 104.4 60 553K 346K 71
AXP 06/19 Put 37.98 -0.72 37.75 34.05 4.1M 4.7M 41
AZO 06/18 Test BO 81.9 +1.07 83.5 99.5 1.1M 1M 77.66
BAC 06/11 Put 73.75 -0.25 69.9 65 5.5M 5.6M 73
BBBY 05/11 Flat 34.39 +0.56 36.28 42 3.5M 3.1M 33
BJ 05/25 Put 42.77 +0.62 42.7 40 624K 593K 45
BLI 06/11 Test BO 18.95 +0.05 18.5 22 1.3M 590K 17.30
BPOP 06/15 cup hdl 33.12 +0.01 32.35 36.5 139K 105K 30.50
CCRD 05/11 Put 16.39 +0.36 15.2 12 144K 169K 16.50
CCRN 05/08 Test BO 36.43 +0.03 32.7 39.75 335K 509K 31.70
CHRZ 04/16 A Wedge 4.13 -0.07 4.2 5.9 92K 71K 4.10
CHS 05/11 Test 50 40.05 +0.22 37.35 43.98 543K 664K 35.95
CMPC 06/12 Test BO 3.79 -0.09 4.1 5.63 95K 149K 3.55
COCO 06/01 Test 50 28.71 +0.33 28.1 34 484K 336K 26.20
CTX 05/11 Put 56.56 +1.26 53.5 49 2M 1.2M 56
CUB 06/19 Put 24.3 -0.95 23.99 20.5 151K 131K 26.75
CYMI 06/03 Put 38.14 -1.73 39.45 33.8 1.5M 1.4M 44
DNR 05/21 cup hdl 9.87 -0.03 9.56 12 60K 87K 8.89
EME 05/21 Put 55.49 -0.1 57.15 50 109K 92K 60
ERES 06/18 PreSplt 22.57 -0.27 23.06 26 120K 96K 21.20
EXPE 06/04 Put 70.21 -0.48 69.6 63.04 1M 1.9M 74
FISV 06/18 Put 37.95 -0.75 38.45 34.5 1.6M 1.7M 41.25
FITB 05/25 Put 65.33 -1.14 66.1 62.62 2.1M 1.8M 68
FNF 05/22 Test 18 30.46 +0.54 30.6 35 405K 534K 28.46
FOE 06/01 A Wedge 29.77 +0.04 30.34 35 187K 186K 28.50
FOSL 06/04 PreSplt 22.27 -0.33 32.1 24 213K 132K 19.90
FTEK 06/12 Test BO 6.94 -0.2 6.92 8.25 163K 63K 6.37
FTEK 06/01 A Wedge 6.94 -0.2 6.65 8 163K 63K 5.95
GB 05/28 Put 25.05 -0.4 24.9 21.3 128K 100K 27
GGUY 06/15 Test BO 3.55 -0.25 3.95 6 65K 175K 3.67
GLYN 05/18 BO 21.03 -1.61 20.66 24 76K 173K 19.12
GME 06/06 Test 18 23 +0.48 23.75 29 113K 271K 22.40
GRMN 05/14 cup hdl 22.91 -0.85 23.4 28 89K 126K 22.05
HCA 06/10 Test BO 51.9 +0.88 49.6 59 3.3M 2.2M 47.50
HET 06/08 Put 46.71 +0.01 45.5 40 854K 1.1M 47.25
HP 06/01 Put 35.91 -0.63 37.45 33 205K 328K 39.80
HSIC 05/15 BO 49.31 -0.27 49.4 56.9 253K 289K 46.50
HUG 06/18 BO 41.56 -0.69 43.09 52 302K 165K 39.50
JAH 06/19 BO 19.35 +1 19.05 23.5 145K 61K 17.25
JAH 05/21 PreSplt 19.35 +1 37.6 21.5 145K 61K 7.50
KLAC 06/17 Put 47.41 -2.49 50.95 45.45 14M 12M 54
KSWS 06/18 PreSplt 48.16 +0.12 48.25 52.5 73K 85K 44.50
LNY 05/18 Put 26.27 +0.16 24.26 21 84K 251K 26.25
MAR 06/12 Put 39.24 -0.1 38.25 34 781K 880K 41
MDC 06/06 Put 50.33 +1.81 44.7 40.35 293K 186K 47
MHP 06/18 Put 59.89 +0.15 59.55 56 546K 552K 61.25
MNTR 06/15 Put 37.75 +0.47 35.95 32.2 164K 117K 38
MUR 06/04 Put 88 -0.56 89.5 84 131K 272K 93.50
NEU 06/06 Put 38.78 -1.04 40.9 36 171K 177K 43
NMHC 06/18 cup hdl 10.39 -1.87 13 15.6 86K 29K 11.90
ODSY 06/05 A Wedge 35.4 +0.92 36.1 42 106K 177K 33.57
PDCO 05/23 Test 50 52.9 -0.12 49 57 332K 307K 45.75
PFCB 06/06 Put 35.18 +0.45 32.9 28 304K 539K 35.50
PHM 05/25 Flat 56.2 +1.91 55.95 67.45 1.5M 688K 52.03
PNRA 06/17 PreSplt 71.07 +1.06 70.15 76.75 530K 441K 65.24
PNRA 05/18 Test 50 71.07 +1.06 71 80 530K 441K 66.03
PRU 04/22 cup hdl 33.95 +0.05 33.3 38 2.2M 2.2M 32.50
PRV 06/06 BO 26 +1.25 25.1 30 642K 555K 23.70
QCOM 06/05 Put 28.13 -0.75 31.5 25 15M 15M 33.50
RF 04/16 A Wedge 35.42 -0.08 34.96 40.5 478K 492K 34
TECD 06/11 Put 37.5 -1.5 39.35 35 705K 864K 41.50
THC 06/17 PreSplt 78.1 +1.56 75.55 80.5 1.6M 1.6M 73.50
THC 05/14 Test 50 78.1 +1.56 72.5 86 1.6M 1.6M 67.42
THQI 05/23 Put 29.84 -0.61 31.9 25.1 1.3M 1.1M 34
TKR 05/25 Put 23.15 -0.83 23.4 19 335K 307K 25.60
WB 05/08 Test 50 38.59 -0.66 38.97 45 2.4M 2.7M 36.45
WEN 06/01 BO 41.07 -0.14 38.6 44 724K 837K 36.90
WFMI 06/01 BO 46.2 -0.71 49.1 57 523K 614K 46
WHI 06/08 Test BO 23.04 -0.01 19.59 23.5 194K 62K 19.25
WM 05/08 Test 18 37.42 -0.23 38.8 44 3.2M 3.6M 37
WTSLA 06/17 cup hdl 24.11 -0.27 25.34 30.75 264K 323K 22.85
YUM 06/01 Test 50 32.45 -0.05 64.21 68 1.5M 740K 60
ZQK 06/12 Test BO 26.1 -0.28 27.1 32 274K 251K 25.20
Good Investing!
Jon L. Johnson and the Stock Split Report Staff.
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 of 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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us stock market
stock recommendation
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