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stock split, stock research
Begin Part 2 of 3
THE PLAYS:
NEW BONUS PLAYS:
Upside:
IDXX (Idexx Labs--$31; +0.02; optionable): Diagnostic substances
http://biz.yahoo.com/p/i/idxx.html
STATUS: Cup w/handle. In a 4-month base showing excellent accumulation at 5 up weeks on rising volume to 1 down week on rising volume. IDXX rallied up almost to the May pre-correction high and pulled back to test the 50 day MVA. It is now holding above the 18 day MVA (30.50) on the low as it moves in the handle on below average volume other than a volume spike accompanying a doji Wednesday. Money flow is ahead of the price, and relative strength is ahead of where it was at the May high.
Volume: 253.417K Avg Volume: 294.545K
BUY POINT: $32.11 Volume=468K Target=$36.75 Stop=$29.86
POSITION: IQX LF - Dec. $30c (61 delta) and/or Stock
http://www.investmenthouse.com/cs/idxx.html
Downside:
ATVI (Activision--$25.97; -0.03; optionable): Multimedia and graphics software
http://biz.yahoo.com/p/a/atvi.html
STATUS: Put. Bounced up off 24 three sessions back, off the July closing lows (low 22.30), but after trying the 18 day MVA (26.57) the last two sessions on the high (lower volume test Thursday) it looks as if ATVI is ready to roll back down to test that level. A rather quick play if the July lows hold, but the stock tends to fall $4 at a drop down the trendline.
Volume: 1.312M Avg Volume: 1.706M
BUY POINT: $25.86 Volume=1.8M Target=$23.15 Stop=$27.55
POSITION: AQV WE - Nov. $25p (-73 delta)
http://www.investmenthouse.com/cs/atvi.html
CONTINUING BONUS PLAYS
Upside:
Big breakout from MBG the past two sessions!
APPX (American Pharmaceutical--$16.87; -0.08; no options): Drug manufacturer
Play Date: 09/19/2002
http://biz.yahoo.com/p/a/appx.html
STATUS: Cup w/handle. Need to be careful on this one. We were looking at entering, but it could not hold the move early on even though volume looked good. We waited and watched and at the end of the session the APPX closed basically where it had started on rising volume. Need to see it make the move and holding toward the close. Accumulation is solid at 8 up weeks on rising volume to just 4 down weeks on rising volume. Looks ready but want to see the breakout.
Volume: 273.294K Avg Volume: 148.227K
BUY POINT: $17.11 Volume=225K Target=$20.55 Stop=$15.85
POSITION: Stock (no option chain)
http://www.investmenthouse.com/cs/appx.html
Play Date: 08/27/2002
BLL (Ball Corp.--$51.67; +1.82; optionable): Packaging and containers
http://biz.yahoo.com/p/b/bll.html
STATUS: 50 day MVA bounce. Rallying off of the 50 day MVA (48.25) after a big volume session on the test and another Thursday. A solid test of the breakout and on solid volume; passing the test. A good place for new positions and add-to's.
Volume: 771.6K Avg Volume: 635.227K
BUY POINT: New positions: 51.75 (orig. $48.35). Volume=800K Target=$55 Stop=$51.88
POSITION: BLL KH - Nov. $40 c (73 delta) and/or Stock
http://www.investmenthouse.com/cs/bll.html
Play Date: 09/21/2002
PSUN (Pacific Sunwear--$23.44; +0.27; optionable): Apparel
http://biz.yahoo.com/p/p/psun.html
STATUS: Double bottom w/handle. PSUN continues to move in the handle of its 3-week handle to its 5.5 month base. It dipped close to the 200 day MVA near 22 and has recovered. Thursday it gapped higher on some rising volume. Needs a bit more time, but we want to be ready when it makes its move. Accumulation in the base is positive at 5 up weeks on rising volume to 4 down weeks on rising volume; all it takes is a simple majority to tilt the pattern toward accumulation and a strong breakout.
Volume: 1.051M Avg Volume: 1.008M
BUY POINT: $24.47 Volume=1.5M Target=$28.15 Stop=$22.76
POSITION: PVQ CX - Mar. $22.50c (66 delta) and/or Stock
http://www.investmenthouse.com/cs/psun.html
Play Date: 09/16/2002
VAR (Varian Medical Systems--$44.55; +0.14; optionable): Wholesale medical equipment
http://biz.yahoo.com/p/v/var.html
STATUS: Ascending wedge. An 8-week pattern coming off the double bottom in July. VAR jumped up Wednesday but on no volume. Thursday it showed the volume but also a doji as it edged slightly higher. It may come back to test 44 before making another move up, and that is where we get in once we see it test the breakout point and start back up.
Volume: 642.7K Avg Volume: 512.545K
BUY POINT: After a test toward 44, $44.65 (orig. $43.96) Volume=550K Target=$50.55 Stop=$41.85
POSITION: VAR BH - Feb. $40c (72 delta) and/or Stock
http://www.investmenthouse.com/cs/var.html
PRE-ANNOUNCEMENT PLAYS
CECO (Career Education--$47.88; +1.68; optionable): Forecast to announce a split on 10-31-02 in conjunction with earnings. At this time the company cannot confirm a date but based upon our research this is the date for the release.
http://biz.yahoo.com/p/c/ceco.html
BACKGROUND: Last announced a 2 for 1 split on 7-31-01 in conjunction with earnings. The stock price was $61. The annual shareholder meeting was on 5-17-02 at which time no additional shares were authorized. The company has sufficient shares for 2 for 1 split.
STATUS: Very nice. CECO blasted higher out of its lateral move along the 50 day MVA, doing so the past two sessions on rising volume. Thursday volume was good, but not great. Looking for some more volume on the move and still a buy as it cracks over 48 on that stronger volume. Excellent accumulation in the pattern at 7 up weeks on rising volume to just 3 down weeks on rising volume.
Volume: 690.528K Avg Volume: 679.681K
BUY POINT: New buys: 48.25 (orig. $46.55). Volume=700K Target=$53.53 Stop=$43.29
POSITION: CUY AH - Jan. $40c (70 delta) and/or Stock
http://www.investmenthouse.com/cs/ceco.html
EDMC (Education Management--$45; +0.77; optionable): Education and training. Forecast to announce a split on 10-24-02 in conjunction with earnings. At this time the company cannot confirm this date, but based upon our research this is the date for the announcement.
http://biz.yahoo.com/p/e/edmc.html
BACGROUND: Last announced a 2 for 1 split on 12-2-98 at a stock price of $46. The annual shareholder meeting was on 11-8-01 at which time no additional shares were authorized. The company has sufficient shares for a 2 for 1 split.
STATUS: Reverse head and shoulders. Powerful breakout of the newly formed ascending wedge, and it followed up that move Thursday with another strong, above average volume move. It is over recent resistance and has one more level at 46 to clear. On a test of 44 new or additional positions can be taken.
Volume: 469.925K Avg Volume: 339.09K
BUY POINT: On a test of 44, $44.03 Volume=520K Target=$49.45 Stop=$40.95
POSITION: UKN LH - Dec. $40c (65 delta, low OI) and/or Stock
http://www.investmenthouse.com/cs/edmc.html
CONTINUING CANDIDATES
HSIC (Henry Schein--$54.16; +0.73; optionable): Wholesale medical equipment
http://biz.yahoo.com/p/h/hsic.html
STATUS: Test 18 day MVA. A successful test, HSIC jumped up off of support at 52 on rising volume Wednesday and HSIC continued the move Thursday on lower though still above average volume. That hit our aggressive buy point and now we look for a breakout to a new high. We would expect a move up to 56 on this rally before it pulls back to test the short term moving averages. We are looking to add some positions on a breakout to a new high but will also be ready when it makes the test.
Volume: 443.351K Avg Volume: 431.59K
BUY POINT: Breakout: 54.50 (orig. $52.05). Volume=550K Target=$59.85 Stop=$50.15
POSITION: HQE AI - Jan. $45c (74 delta) and/or Stock
http://www.investmenthouse.com/cs/hsic.html
PRE-SPLIT
EASI (Engineered Support--$59.75; +0.2; optionable): Defense. Splitting 3:2 on Oct. 31 (Boo!)
http://biz.yahoo.com/p/e/easi.html
STATUS: Testing the breakout. After that strong move to start the week, EASI is right back to the 10 day MVA, but holding that as the stock fell back on lower, average volume. Thursday it moved up, and we are anticipating another run from this stock. Looking for a bounce up from here to take on positions pre-split.
Volume: 199.713K Avg Volume: 207.09K
BUY POINT: New positions: 60.05 (orig. $58.95). Volume=304K Target=$66 Stop=$56.25
POSITION: UFE KL - Nov. $55c (70 delta) and/or Stock
http://www.investmenthouse.com/cs/easi.html
RMCI (Right Management--$24.83; +0.33; optionable): Splits 3:2 on 10-16.
http://biz.yahoo.com/p/r/rmci.html
STATUS: RMCI tested back to support at 24 where the 18 day MVA resides, and RMCI jumped up Thursday though on lower volume. Looking for a pre-split run to start here but would like to see some more volume.
Volume: 102.642K Avg Volume: 152.045K
BUY POINT: $25.05 (orig. $25.75). Volume=225K Target=$29.75 Stop=$23.65
POSITION: UHU AD - Jan. $20c (74 delta) and/or Stock
http://www.investmenthouse.com/cs/rmci.html
SPW (SPX Corp.--$106.45; +3.3; optionable): Auto parts, etc. Splits 2:1 on 10-25
http://biz.yahoo.com/p/s/spw.html
STATUS: Pre-split. Jumped off of support at 100, starting Wednesday on some rising volume, and continuing the move Thursday but on lower volume. On the high (107.25) SPW traded over the 50 day MVA (106.87) but could not hold it on the close. Need to be careful here with existing positions as the move stalled at the 50 day MVA on lower volume. For new plays we will look for a move over the 50 day MVA and a test of that level. On a move up from there is where we re-enter.
Volume: 401.5K Avg Volume: 578.181K
BUY POINT: New positions: on a test of 106.90 after a move over that level. Volume=425K Target=$110 Stop=$102.55
POSITION: SPW JA - Oct. $105 c (90 delta)
http://www.investmenthouse.com/cs/spw.html
POST-SPLIT
COCO (Corinthian Colleges--$37.84; +0.64; optionable): Education
http://biz.yahoo.com/p/c/coco.html
STATUS: Ascending wedge. Jumped up Thursday to the buy point very early and then backed off the rest of the session, managing to recover and close just below the new buy point at 38.10. Volume was very strong. Looking for that next move over the buy point that does not immediately slip back down.
Volume: 1.019M Avg Volume: 808.5K
BUY POINT: Aggressive: 36.65. Breakout: $38.11 Volume=809K Target=$42.75 Stop=$35.44
POSITION: UCS BF - Feb. $30c (74 delta) and/or Stock
http://www.investmenthouse.com/cs/coco.html
CUB (Cubic Corp.--$19.25; +0.94; optionable): Scientific and technical
http://biz.yahoo.com/p/c/cub.html
STATUS: Put. CUP jumped up over the 10 day MVA, but could not hold that level, closing just over it. Volume, however, dropped way off pace, coming in well below average. This is a low volume test of the breakdown, and it looks ready to ride back down, particularly if the indexes fail here at the 10 day MVA.
Volume: 45.1K Avg Volume: 100.5K
BUY POINT: $18.98 Volume=85K Target=$16 Stop=$21
POSITION: CUB MX - Jan. $22.50p
http://www.investmenthouse.com/cs/cub.html
PFCB (PF Changs--$29.38; +0.78; optionable): Restaurants
http://biz.yahoo.com/p/p/pfcb.html
STATUS: Put. Made something of a comeback, bouncing up to the 50 day MVA on the high (29.77) and then falling back. Volume was stronger at average levels, but higher volume on a test higher and close off the high is not a great signal. Looking for the stock to turn and fall here again.
Volume: 666.721K Avg Volume: 686.136K
BUY POINT: $28.98 Volume=650K Target=$26 Stop=$29.75
POSITION: HUO VZ - Oct. $32.50p (-70 delta)
http://www.investmenthouse.com/cs/pfcb.html
UOPX (University of Phoenix Online--$31.33; +0.1; optionable): Online education
http://biz.yahoo.com/p/u/uopx.html
STATUS: Cup w/handle. Man. Still moving along the 10 day MVA (30.91) as it shows doji's in the handle of the pattern. Thursday saw a strong volume surge, and perhaps UOPX is ready to go. Education has been performing very well, and UOPX enjoys excellent accumulation in the base at 7 up weeks on rising volume to just 3 down weeks on rising volume. Money flow is leading way out ahead of price and relative strength has broken out.
Volume: 230.245K Avg Volume: 171.772K
BUY POINT: $32.1 Volume=262K Target=$37 Stop=$29.85
POSITION: UBY CF - Mar. $30c (65 delta) and/or Stock
http://www.investmenthouse.com/cs/uopx.html
YUM (Yum! Brands--$28.53; +0.3; optionable): Restaurants
http://biz.yahoo.com/p/y/yum.html
STATUS: Put. Rallied with the eateries, but YUM ran over the 50 day MVA (29.24) and then reversed and just managed to hold onto the 10 day MVA on the close. Volume moved up to average levels. Looks as if it could be a reversal at this critical level. This is the test of 29 that we were looking for, and it looks to be ready to fail.
Volume: 1.843M Avg Volume: 1.836M
BUY POINT: 28.25 (below the 10 day MVA). From here: $27.05 Volume=2.2M Target=$24 Stop=$29
POSITION: YUM MF - Jan. $30p (-65 delta)
http://www.investmenthouse.com/cs/yum.html
End Part 2 of 3
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stock split
stock research
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