us stock market, stock recommendation

Begin Part 3 of 3

CONTINUING CANDIDATES

Play Date: 08/24/2002
AZO (Autozone--$79.99; -0.86; optionable):
http://biz.yahoo.com/p/a/azo.html
STATUS: After a strong move Wednesday on excellent volume, AZO is now in very good shape to form a handle to its 4-month base. Friday it pulled back to 80 on much lower volume. After the strong move this is a good time for a lower volume lateral move as the overall market is most likely in for some rough going early in the week. Again, strong stocks will continue to form their bases as the market pulls back, and use the rallies to make significant moves. AZO did just that last week.
Volume: 1.396M Avg Volume: 1.287M
BUY POINT: $75.69 Volume=1.5M Target=$82.55 Stop=$71.25
POSITION: AZO LN - Dec. $70c (64 delta) and/or Stock
http://www.investmenthouse.com/cs/azo.html

PRE-SPLIT

EASI (Engineered Support--$57.98; -1.76; optionable): Defense. Splitting 3:2 on Oct. 31 (Boo!)
http://biz.yahoo.com/p/e/easi.html
STATUS: Testing the breakout. EASI continued the pullback, sliding down to the 18 day MVA on the low (57.75). Volume continued to decline as it pulls back, a good indication there is no major ongoing selling. It very much needs to hold here at the 18 day MVA, however. It needs to make this higher low and rebound on some good volume to offset the quick double top it formed the past two weeks near 61.50. Price/volume action is still solid, so we are looking for this to hold up and give us another entry point.
Volume: 159.751K Avg Volume: 209.988K
BUY POINT: More aggressive: 58.95. 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--$24.11; -0.72; optionable): Splits 3:2 on 10-16.
http://biz.yahoo.com/p/r/rmci.html
STATUS: Still testing back to the 18 day MVA (24.03). Thursday it looked as if RMCI was ready to move on up off the 18 day MVA after a good pullback, but Friday was not the day for a lot of stocks. It started out well and then came back to close on the 18 day. Volume was very low once again; it appears to be biding its time, setting up for the next rally. We will be ready when it does to catch some of that good upside pop this stock has.
Volume: 68.673K Avg Volume: 152.801K
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

POST-SPLIT

COCO (Corinthian Colleges--$36.85; -0.99; optionable): Education
http://biz.yahoo.com/p/c/coco.html
STATUS: Ascending wedge. Thursday's jump up was pushed back in the Friday selling, but COCO still looks very good, testing the 18 day MVA on the low (36.44) and able to close right at the 10 day MVA. volume backed off. It just took it easy while the rest of the market sold, and we are still looking for a breakout.
Volume: 608.133K Avg Volume: 827.53K
BUY POINT: 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

GTK (Gtech Holdings--$24.5; -0.01; optionable): Business software
Play Date: 09/19/2002
http://biz.yahoo.com/p/g/gtk.html
STATUS: Still testing the 200 day MVA (24.37) with a very tight doji Friday on continued below average volume. It is holding up very well in the selling after that big breakout 10 sessions back. It is waiting for its moment. Again, solid stocks will hold up during the overall market selling and then be in good position to make its move when the market recovers.
Volume: 678.9K Avg Volume: 770.05K
BUY POINT: $25.95 Volume=1.3M Target=$30 Stop=$24.04
POSITION: GTK CX - Mar. $22.50c (87 delta) and/or Stock
http://www.investmenthouse.com/cs/gtk.html

UOPX (University of Phoenix Online--$32.11; +0.77; optionable): Online education
Play Date: 09/23/2002
http://biz.yahoo.com/p/u/uopx.html
STATUS: Cup w/handle. Looking good. Friday UOPX was bucking the market, starting its move as the market sold. Unfortunately, with the downside action UOPX could not attract any real volume. We held off given the volume, but it is still right at the breakout, so we can move in this week if it gets some volume to go along with the nice pattern. 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: $32.15 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--$28.02; -0.51; optionable): Restaurants
Play Date: 09/17/2002
http://biz.yahoo.com/p/y/yum.html
STATUS: Put. After testing the 50 and 200 day MVA (29.09) Thursday and rolling over on rising volume, YUM started down through the 10 day MVA Friday. Volume was not much, but a good start. New positions on a move below 28.
Volume: 1.552M Avg Volume: 1.87M
BUY POINT: 72.96 Volume=2.2M Target=$24 Stop=$29
POSITION: YUM MF - Jan. $30p (-65 delta)
http://www.investmenthouse.com/cs/yum.html

WATCHLIST/ CONTINUING

Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop

$OEX 09/28 Put 413.22 -15.29 411 395 8.8M 0 415
New.

$OEX 09/21 BO 413.22 -15.29 424.45 438 8.8M 0 419
As indicated Thursday, when the market could not make the move toward the 18 day so it was time to take the money off the table.

ACAS 09/10 Put 18.27 -0.06 17.97 14.95 1.2M 900K 19.22
New buy point. Looks ready.

AGAM 08/28 cup hdl 5.27 -0.32 6.02 7.25 166K 75K 5.25
Current. Massive drop Friday on huge volume. Held the 50 day MVA, but if it cannot jump up here we exit.

ALLY 09/07 cup hdl 15.62 -0.28 15.86 18.25 291K 675K 14.55
Current. Low volume, holding 15.50.

APOL 08/15 A Wedge 43.63 -0.36 40.65 48 2M 3.3M 42
Current. Tried to make another move but closed well off the high. Market not helping it as it tries to make new highs.

APPX 09/19 cup hdl 16.75 -0.12 17.11 20.55 575K 225K 15.85
Buy not issued. Looks to be setting up well with a doji on the 10 day MVA.

ATVI 09/26 Put 25.08 -0.89 25.86 23.15 1.5M 1.8M 27.55
Current. Falling as expected.

AXP 09/17 Put 31.48 -1.41 33.18 28 4.2M 6M 33.55
Current. Falling again back below the 10 day MVA. Want a quick move down to pump up the put value again. If it hits and holds 30 we will take it.

AZO 08/24 DB hdl 79.99 -0.86 75.69 82.55 1.4M 1.5M 71.25
Current. May be forming a handle.

BDK 09/16 Put 43 -0.94 42.81 38.45 604K 850K 43.55
Exited, probably prematurely after it moved up over the 50 day MVA. Then it rolled over.

BLL 08/27 cup hdl 50.91 -0.76 48.35 55 379K 800K 51.88

BLL 08/06 Rv H&S 50.91 -0.76 44.55 54.55 379K 800K 51.88
Current. Holding the 10 day MVA on much lower volume.

BRCM 08/17 CCall 10.95 -0.91 19.2 19.8 16M 9M 17.25
Letting it hold for now.

BSX 09/12 cup hdl 31.48 +1.49 30.94 35.58 3.3M 3.3M 28.77
Current. Nice move. Ready for more.

BYD 09/16 Test BO 18.61 +0.03 18.05 20.75 590K 461K 16.79

BYD 08/19 cup hdl 18.61 +0.03 16.56 19.88 590K 461K 16.45
Current. Tried the move up but showed a big doji. May be back to test 18.

CECO 09/20 Test 50 46.74 -1.14 46.55 53.53 771K 700K 43.85
Current.

CHS 09/14 cup hdl 17.15 -0.75 19.05 22.94 594K 1.8M 17.72
Not doing it for now. Needs to reform.

CLX 09/25 Put 41.06 -1.69 41.25 37.25 1.2M 1.2M 42.35
Buy not issued. Making the move and ready.

COCO 09/18 Test 18 36.85 -0.99 38.11 42.75 608K 809K 35.44

COCO 08/01 Rv H&S 36.85 -0.99 29.95 36 608K 809K 34.25
Current. Holding the 18 day MVA. Looking good.

COH 08/22 cup hdl 27.11 -0.98 27.55 33 668K 1.4M 28

COH 08/13 BO 27.11 -0.98 25.55 30 668K 1.4M 28
Current. Still testing the 50 day MVA in what looks like a decent handle formation.

CUB 09/18 Put 18.06 -1.19 18.98 16 49K 85K 21
Current. Turned from the 18 day MVA and fell hard to the 18 day MVA. This is its critical point it needs to break.

DL 09/28 cup hdl 21.6 -0.07 21.84 25.55 615K 712K 20.31
New.

EASI 09/18 Test 18 57.98 -1.76 58.95 66 160K 304K 56.25

EASI 08/03 Flat 57.98 -1.76 50.25 58 160K 300K 55
Current. Down to the 18 day MVA on low volume.

EDMC 09/07 Rv H&S 43.43 -1.56 44.03 49.45 466K 520K 40.95
Current. Testing back to the 10 day MVA.

ERES 09/07 A Wedge 18.43 +0.05 17.35 19.95 137K 200K 17.25
Current. Up a hair on average volume.

EXPE 09/12 Put 51.27 -1.39 52.85 48.55 1.2M 1.8M 55.05
Current. Tested the 50 day MVA and fell back. Not making the move. On another test of 50 we will take the money off the table unless it is tanking.

FBP 09/04 Flat 38 -1.2 41.45 47.65 45K 99K 38.55
Buy not hit. Tanking.

FNFG 09/20 BO 31.58 -0.12 31.75 36.51 66K 87K 29.53
Buy not issued. Looks ready here, taking a breather with a very tight range on average volume.

FNFG 07/27 Test BO 31.58 -0.12 28.4 33.45 66K 90K 29.25

GG 09/19 cup hdl 11.05 +0.31 11.98 14.45 1.8M 2.4M 10.95
Buy not hit. Starting up off test of 50 day MVA. As market weakens will look better.

GTK 09/19 Test BO 24.5 -0.01 25.95 30 679K 1.3M 24.04
Buy not hit. Looks ready.

GYMB 09/18 cup hdl 16.97 -1.34 19.4 22.45 1.3M 586K 17.95
Buy not hit. Heavy gap to the 50 day MVA.

HSIC 09/04 BO 53.24 -0.92 52.05 59.85 626K 550K 50.15
Current. High volume test of 18 day MVA. Still looks good.

ICUI 08/26 cup hdl 36.7 +0.83 37.89 42.75 62K 95K 36.25
Current. Nice move off the 50 day MVA. Note that relative is already breaking out.

IDXX 09/26 cup hdl 30.5 -0.5 32.11 36.75 168K 468K 29.86
Buy not hit. Held the 18 day MVA on the close on low volume. Looks solid.

JCI 09/28 Put 77.3 -1.91 77.05 73.55 641K 625K 80
New.

KDE 09/25 A Wedge 23.39 +0.05 21.31 25.55 245K 180K 21.55
Current. Took a breather in the selling.

KSS 08/22 cup hdl 64.09 -3.2 73.85 84.96 3.6M 3M 68.68

KSS 08/22 cup hdl 64.09 -3.2 73.85 84.96 3.6M 3M 68.68
Dive bombing.

LANC 09/21 Test 18 42.18 -0.91 44.25 50.88 173K 254K 41.15
Buy not hit.

MBG 09/24 cup hdl 34.28 -0.59 33.51 38.55 728K 1M 31.16
Current. Took a breather on low volume after the super breakout.

MBI 09/28 Put 40.1 -2.13 39.98 36.73 1.1M 1M 42.25
New.

MIK 09/14 Test 18 46.37 -0.53 48.38 55.55 889K 875K 44.99
Back up to the 10 day MVA after the fast test of the 50 day. Doji. Could do it, but we wil have to see the volume on the breakout.

NLS 09/21 Put 22.3 -5.7 27.55 24 3.4M 725K 28.75
Tanked. Hit the target.

PFCB 09/14 Put 28.83 -0.55 28.98 26 671K 650K 29.75
Current. Tested the 50 day MVA on the high and fell back. Held the 10 day on the close. Needs to breakdown here and get below 28 in a hurry.

PRGX 08/27 cup hdl 11.83 -1.13 15.05 18 961K 975K 14
Buy not hit. Died.

PSUN 09/21 cup hdl 21.9 -1.54 24.47 28.15 1.1M 1.5M 22.76
Buy not hit. Dying as well, down to the 200 day MVA on rising volume.

RFMD 09/05 Test 18 6.37 +0.09 6.08 9 6.1M 9.5M 5.65
Current. Not bad. Holding the 10 day MVA on much lower volume.

RGLD 09/28 Test 50 18.36 +0.25 18.65 22.35 425K 575K 17.34
New.

RMCI 09/18 PreSplt 24.11 -0.72 25.75 29.75 69K 225K 23.65
Current. On the 18 day MVA.

ROST 07/27 Dbl btm 36.96 -1.29 39.95 48 895K 955K 39.45
Dying, falling through the 50 day MVA.

SPW 09/10 PreSplt 101.1 -5.35 105.15 110 382K 425K 102.55
Current. Turned right back over, tapping 100 on the low. Need a bounce again.

STJ 09/21 Put 36.68 -0.4 36.25 32.05 685K 1.9M 33.71
Current. Tried to break the 50 day MVA on the high, but could not hold the move. Volume has dropped to nothing on the move up; primed to fall again.

TVX 09/21 cup hdl 13.95 +0.55 15.45 18.55 76K 685K 14.25
Buy not hit. Bounced off 50 day, but not much volume in this gold stock.

UOPX 09/23 cup hdl 32.11 +0.77 32.1 37 123K 262K 29.85
Buy not issued. Volume was not there but looks good.

UPC 09/17 Put 27.4 -1.04 28.32 26 609K 615K 28.95
Current. Tested the 18 day MVA and turned over big.

VAR 09/16 A Wedge 43.68 -0.87 43.96 50.55 266K 550K 41.85

VAR 08/10 Dbl btm 43.68 -0.87 42.75 46.9 266K 550K 41.25
Current. Pulled back to the 10 day MVA on lower volume. Continue to show good action.

VWKS 08/30 cup hdl 7.99 +0.04 8.45 10.25 214K 890K 7.86
Buy not issued. Looks very solid, showing good action in this long handle.

WB 09/25 Put 32.97 -0.85 33.25 30 3.3M 4M 34.15
Current. This was a bonus for the alert subscribers Friday. Saw it rolling over at the 18 day MVA on rising volume.

WEN 09/21 Put 34.4 -0.29 32.75 30 1.3M 1.6M 33.33
Current. Almost exited, but WEN could not take out the 50 day and then rolled back to close below the 200 day. We will give it another chance to fall to get us a better exit point.

YUM 09/17 Put 28.02 -0.51 27.05 24 1.6M 2.2M 29
Buy not issued. Looks ready to fall now.

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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