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us stock market, trade stock
Begin Part 2 of 2
THE PLAYS: Tonight we are doing some best plays only given the short trading session Friday. A full report will be issued Saturday.
Good movers: The downside was hot again today on the test lower, and later some of the upside plays were stirring, setting back up.
BONUS PLAYS:
Downside:
TRI (Triad Hospitals--$40.62; +1.68; optionable): Home health care
http://biz.yahoo.com/p/t/tri.html
STATUS: Test of breakdown. TRI is suffering along with most of the medical areas of late, knifing through its 50 day MVA Monday and falling further Tuesday. Today it started to mount its move back up on much lower, below average volume. We are looking for it to run back up to the 50 day MVA (41.99; there is price resistance there as well from the May top), and then turn back down. That will be our entry point.
Volume: 705.5K Avg Volume: 855.272K
BUY POINT: After a test of 42, a fall back through $41.49. Volume=850K Target=$37.25 Stop=$43
POSITION: TRI TJ - Aug. $50 put (-70 delta)
http://www.investmenthouse.com/cs/tri.html
Upside:
MANT (Mantech Intl.--$23.3; +0.2; no options): Business software
http://biz.yahoo.com/p/m/mant.html
STATUS: A new issue in February, MANT has formed a 2.5 month cup and may be trying to form a handle this week. Pretty short handle, however. Nonetheless, there are a lot of things we like about the stock and the pattern. It is in its first base after being issued. We like to let new issues move through their first base and pick them up when they break out. In the base accumulation weeks lead distribution weeks 5 to 1; that is very solid accumulation. We are looking for the breakout.
Volume: 150.5K Avg Volume: 97.227K
BUY POINT: $24.25 Volume=150K Target=$29.25 Stop=$21.92
POSITION: Stock (no option chain)
http://www.investmenthouse.com/cs/mant.html
Continuing Bonus Plays:
ABY (Abitibi-Consolidated--$9.28; +0.06; optionable): Paper products
http://biz.yahoo.com/p/a/aby.html
STATUS: Ascending wedge. Gapped higher Wednesday, trying the breakout again, but no volume as trade fell even further below average. It may pull back some more here toward 9.12, but not much before it tries the breakout. Need to see the good breakout volume.
Volume: 204.3K Avg Volume: 278.954K
BUY POINT: $9.55 Volume=325K Target=$11.5 Stop=$8.55
POSITION: ABY JU - Oct. $7.50 call (76 delta) and/or Stock
http://www.investmenthouse.com/cs/aby.html
CHRZ and WERN from the Tuesday report started to move up. Please see Tuesday report for the details.
PRE-ANNOUNCEMENT
BBBY, CHBS, HUG, URBN featured on Tuesday are all holding up after Wednesday action. Please see the Tuesday report for the buy points and specifics.
POST-SPLITS BEST PLAYS:
Upside
COCO (Corinthian Colleges--$31.65; -0.29; optionable): Education and training
http://biz.yahoo.com/p/c/coco.html
STATUS: Testing the breakout, showing a very tight doji that tested below the 18 day MVA and rallying back to close right on the 10 day MVA. This is a signal of a momentum change and we are looking for the move back up now.
Volume: 738.6K Avg Volume: 457.727K
BUY POINT: New positions: $32.65. Volume=450K Target=$37.25 Stop=$29.16
POSITION: UCS KE - Nov. $25 call (83 delta)
http://www.investmenthouse.com/cs/coco.html
JILL (J. Jill Group--$23.81; +0.15; optionable): Mail order
http://biz.yahoo.com/p/j/jill.html
STATUS: Okay, this is better action. Wednesday JILL tested down lower but rallied back to close above the 18 day MVA on lower volume. It looks ready to move back up in a market move.
Volume: 159.6K Avg Volume: 266.409K
BUY POINT: 24.50Volume=300K Target=$26.64 Stop=$22.16
POSITION: JUI IF - Sept. $30 call (83 delta)
http://www.investmenthouse.com/cs/jill.html
Downside
THC (Tenet Healthcare--$47.6; +1; optionable): Hospitals
http://biz.yahoo.com/p/t/thc.html
STATUS: THC has not performed for us on the split, but it is giving a move back up to the 50 day MVA (48.18), a point of exit on the test that does not break over it. The volume on Wednesday's move up was lower, indicating it may stall at the 50 day MVA. That gives a chance to exit and a chance for some downside plays.
Volume: 2.136M Avg Volume: 1.789M
BUY POINT: $47.50 Volume=1.8M Target=$44.05 Stop=$49.50
POSITION: THC TK - Aug. $55 put (no delta available, no OI)
http://www.investmenthouse.com/cs/thc.html
WATCHLIST/ CONTINUING
On Tuesday, Thursday and Saturday we provide full comments on each continuing play.
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
ABY 06/25 Flat 9.28 +0.06 9.55 11.5 204K 279K 8.55
ACMR 07/02 PreSplt 42.87 -0.36 44.29 48.55 161K 104K 41.75
ADS 06/27 cup hdl 23 -0.7 25.3 30.35 364K 130K 23.25
ATK 06/27 Put 62.5 +1.24 64.95 60.25 463K 401K 68.50
AXP 06/19 Put 36.19 -0.64 37.75 34.05 5.6M 4.9M 41
BAC 06/11 Put 68.8 -0.69 69.9 65 5.6M 6M 73
BBBY 06/27 BO 36.32 +0.72 37.85 45.45 3.1M 3.3M 35.25
BER 06/29 PreSplt 36 -0.45 55.31 59.55 99K 142K 53.50
BGEN 07/01 H&S 37.24 -0.26 38.25 32.25 4.3M 4.8M 42.15
BLI 06/11 Test BO 17.64 -0.47 18.5 22 1.6M 681K 17.30
BPOP 06/15 cup hdl 31.57 -0.8 32.35 36.5 93K 113K 30.50
C 06/29 Put 37.01 -0.47 38.6 34.75 19M 14M 41.15
CHBS 06/29 A Wedge 40.02 -0.07 43.58 52.35 369K 412K 39.50
CHRZ 07/02 Test BO 4.5 +0.13 4.55 6.45 37K 105K 4.10
CHRZ 04/16 A Wedge 4.5 +0.13 4.2 5.9 37K 105K 4.10
CHS 05/11 Test 50 34.36 +1.29 37.35 43.98 1M 724K 35.95
CLDN 06/26 Test BO 12.5 -0.4 12.93 15.15 44K 97K 11.50
CMC 06/27 Test BO 21.94 -0.17 24.02 28.5 83K 56K 22.34
CMPC 06/12 Test BO 3.65 -0.09 4.1 5.63 102K 150K 3.55
COCO 06/26 Test 18 31.65 -0.29 31.35 37.25 739K 458K 29.16
COCO 06/20 cup hdl 31.65 -0.29 29.59 35.55 739K 458K 27.25
COH 06/22 PreSplt 50.43 -0.73 55.51 60 601K 520K 51.62
COL 06/29 cup hdl 24.56 -0.66 27.75 33.45 730K 497K 24.85
CTX 05/11 Put 55.13 +0.59 53.5 49 1.4M 1.2M 56
CYMI 06/25 H&S 30.43 +1.28 32.95 25.55 1.4M 1.6M 37
DF 06/22 A Wedge 35.5 -0.68 38.76 45 908K 595K 36.25
DNR 05/21 cup hdl 9.5 -0.01 9.56 12 78K 110K 8.89
EDMC 06/22 cup hdl 38.99 -0.36 42.05 53 284K 262K 39.50
EME 06/26 Put 55.8 -0.75 55.75 49.85 253K 92K 58.50
ERES 06/18 PreSplt 21.64 -1.83 23.06 26 368K 121K 21.20
FITB 05/25 Put 65.54 -0.3 66.1 62.62 2.4M 1.9M 68
FNF 06/25 Test 18 29.13 -0.14 31.05 36 544K 552K 28.88
FNF 05/22 Test 18 29.13 -0.14 30.6 35 544K 552K 28.46
FOE 06/01 A Wedge 28.97 -0.24 30.34 35 450K 212K 28.50
FOSL 06/22 BO 19.75 -0.98 23.42 28 363K 156K 21.65
FOSL 06/04 PreSplt 19.75 -0.98 32.1 24 363K 156K 19.90
GB 05/28 Put 23.69 -0.07 24.9 21.3 85K 89K 23.16
GGUY 06/15 Test BO 2.5 -0.32 3.95 6 164K 117K 3.67
GISX 06/24 A Wedge 18.56 -0.14 20.85 25.48 241K 160K 18.25
GLYN 05/18 BO 21.14 +0.34 20.66 24 197K 187K 19.12
HET 06/08 Put 42.18 -0.6 45.5 40 1.2M 1.1M 47.25
HP 06/01 Put 34.63 +0.38 37.45 33 295K 306K 39.80
HUG 06/18 BO 42.32 +0.1 43.09 52 318K 178K 39.50
IVGN 07/01 Put 29.98 +0.58 28.65 23.55 4.4M 1.1M 32.55
JAH 06/19 BO 18.53 -0.82 19.05 23.5 60K 73K 17.25
JCI 06/25 Put 80.17 -0.43 78.3 75 671K 468K 81
JILL 06/22 PreSplt 23.81 +0.15 34.8 39.96 160K 266K 33.25
JPM 06/29 Put 30.95 -0.28 33.2 29.25 9M 7.9M 34
KSWS 06/18 PreSplt 24.57 -0.2 48.25 52.5 62K 89K 44.50
MANT 07/03 Cup 23.3 +0.2 24.25 29.25 150K 97K 21.92
MAR 06/12 Put 35.89 +0.09 38.25 34 1.5M 899K 41
MHP 06/18 Put 58.25 +0.39 59.55 56 572K 599K 61.25
MMC 06/25 Put 46.66 +0.16 46.62 44.5 2.1M 1M 48.50
MMSI 06/22 cup hdl 18.88 +0.03 19.5 23.4 278K 181K 18.14
MNTR 06/15 Put 34.5 +0.33 35.95 32.2 205K 121K 38
NCR 06/24 Put 34 +2 35.25 31.15 992K 523K 38
NYT 06/19 Test BO 49.85 +0.49 51.1 61 416K 552K 47.80
OVTI 06/24 BO 13.23 -0.23 14.55 19.48 1.1M 367K 12.85
PFCB 06/06 Put 27.91 -1.59 32.9 28 1.9M 561K 35.50
PHM 05/25 Flat 53.13 -1.84 55.95 67.45 1.5M 675K 52.03
PNRA 06/17 PreSplt 31.39 -1.36 35.08 38.38 844K 471K 32.62
QCOM 06/05 Put 26.38 +1.58 31.5 25 13M 16M 33.50
RF 04/16 A Wedge 34.9 -0.35 34.96 40.5 737K 506K 34
RML 07/02 Flat 18.04 -0.49 19.37 23.25 102K 162K 18.01
SRCL 06/22 Test BO 32.25 -1.8 38.5 45 1.8M 346K 35.8
SWFT 06/29 cup hdl 21.75 -0.67 23.58 28.25 750K 583K 21.93
TECD 06/11 Put 36.18 +0.52 39.35 35 575K 784K 41.50
TFX 06/22 A Wedge 53.3 -2.12 58.35 70.1 197K 139K 55.15
THC 07/03 Put 47.6 +1 47.5 44.05 2.1M 1.8M 49.50
THC 06/22 PreSplt 47.6 +1 50.39 53.7 2.1M 1.8M 46.86
THC 06/17 PreSplt 47.6 +1 50.39 53.7 2.1M 1.8M 46.86
THQI 05/23 Put 26.5 -0.19 31.9 25.1 2.8M 1.1M 34
TKR 05/25 Put 21.77 -0.5 23.4 19 239K 282K 25.60
TRBS 06/20 cup hdl 31.51 -0.4 34.18 41.02 40K 64K 31.68
TRI 07/03 Put 40.62 +1.68 41.49 37.25 706K 855K 43
URBN 06/29 Test 50 32.83 +0.71 35.55 42.75 179K 263K 31.75
WB 05/08 Test 50 35.87 -0.55 38.97 45 3.3M 2.7M 36.45
WEN 06/25 Test 18 38.94 -1.36 40.05 48 1.6M 900K 39
WEN 06/01 BO 38.94 -1.36 38.6 44 1.6M 900K 36.90
WERN 07/02 cup hdl 20.48 +0.14 21.85 26.65 584K 403K 20.32
WM 05/08 Test 18 36.89 +0.2 38.8 44 3.7M 3.6M 37
ZQK 06/12 Test BO 23.05 -0.15 27.1 32 263K 247K 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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