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us stock market, stock watch
Begin Part 3 of 3
CONTINUING CANDIDATES
Play Date: 08/24/2002
AZO (Autozone--$81.27; +0.28; optionable): Auto parts
http://biz.yahoo.com/p/a/azo.html
STATUS: Cup w/handle. AZO is forming a handle to its 5.5 month base the latter part of the week as volume backed off from the nice surge the prior two weeks. It tested the 10 day MVA on the low (79.61) and rallied back to close fractionally higher. Volume was up slightly, but still below average. AZO is acting just as a strong stock should: rallying when the market is decent, then holding onto its gains when the market rolls over and sells down. That is how it keeps moving higher; it does not necessarily go contratrend, it just avoids the big selloffs. Looking for another breakout to take new positions.
Volume: 1.175M Avg Volume: 1.293M
BUY POINT: New positions: 82.05 (orig. $75.69) Volume=1.5M Target=New positions: 92 (orig. positions $82.55) Stop=$77.45
POSITION: AZO LP - Dec. $80c (58 delta) and/or Stock
http://www.investmenthouse.com/cs/azo.html
Play Date: 10/03/2002
HSIC (Henry Schein--$52.6; -0.51; optionable): Wholesale medical equipment
http://biz.yahoo.com/p/h/hsic.html
STATUS: Testing the 50 day MVA. Ditto with HSIC. It ahs enjoyed a rather orderly pullback to the 50 day MVA (50.90) after its breakout, mumping off that level Thursday on a strong volume surge. The stock stalled out a bit Friday on much lower, below average volume as the rest of the market pulled back. That is what you want to see a strong stock do. It has made a lower high off of the September top, and it really needs to take out that late September high at 54.40 to clear up that potential toppy pattern. If it does not do it we don't hang around. If it does with a good volume surge that will clear up the picture and give another good entry point.
Volume: 358.474K Avg Volume: 437.066K
BUY POINT: $54.45 Volume=550K Target=$59.85 Stop=$52.05
POSITION: HQE AI - Jan. $45c (74 delta) and/or Stock
http://www.investmenthouse.com/cs/hsic.html
POST-SPLIT
STJ (St. Jude Medical--$35.2; -0.53; optionable): Medical appliances
http://biz.yahoo.com/p/s/stj.html
STATUS: Put. STJ was giving us some jitters as Wednesday and Thursday it tried to clear the 50 day MVA (36.82) intraday. Friday it did not even try, rolling lower on a good surge in above average volume after it reversed its field to close lower Thursday. This looks like the start of another drop toward the July lows and a good point to enter new positions or add to existing.
Volume: 1.482M Avg Volume: 1.285M
BUY POINT: $35.05 Volume=1.3M Target=$32 Stop=$36.35
POSITION: STJ MU - Jan. $37.50p (-57 delta)
http://www.investmenthouse.com/cs/stj.html
XRAY (Dentsply--$41.51; -0.02; optionable): Dental supplies
http://biz.yahoo.com/p/x/xray.html
STATUS: cup. An old fried that made us excellent money before and after its split in February, XRAY is now trying to complete a 7-week cup base. Accumulation in the base is solid at 2 up weeks on rising volume to 0 down weeks on rising volume. This is a base sitting right on top of the base it broke out of in August after the trend lower from April that culminated in the July sell off. We expect that XRAY may try to form a short handle here near 42 as it closed off the high Thursday and moved laterally Friday. Holding up very well in the market selling, a breakout from XRAY puts the stock at an all-time high.
Volume: 867.106K Avg Volume: 631.728K
BUY POINT: $42.28 Volume=900K Target=$48.75 Stop=$39.32
POSITION: XEQ DH - April $40c (64 delta) and/or Stock
http://www.investmenthouse.com/cs/xray.html
WATCHLIST/ CONTINUING
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ACAS 09/10 Put 16.72 -0.9 17.97 14.95 1.4M 900K 19.22
Making the sharp move lower on sharply higher volume.
ACS 09/28 Put 38.15 -1.07 42.45 38 2.1M 1.8M 43.35
Target hit.
AG 10/03 Test BO 23.28 -0.44 24.21 28 670K 750K 22.25
Buy not hit. Preparing for the next market rally.
AGAM 10/03 Test 50 5.4 -0.26 5.71 7 56K 100K 5.31
New buy point not hit. AGAM sold back close to the 50 day MVA Friday on very low volume as the rest of the market sold. Still okay.
AGN 10/05 Put 53.35 -1.9 53.15 50 1.7M 1.1M 54.85
New.
ALLY 09/07 cup hdl 15.56 -0.14 15.86 18.25 321K 675K 14.55
Current. A doji on the 10 day MVA on low volume. Holding up well in the selling.
APOL 08/15 A Wedge 40.55 -2.23 40.65 48 5M 3.3M 42
Current. Gapped through the stop point and closed just below the 50 day MVA on the DV news. Will see if it can rally up toward the short term MVA at 43. If it does and cannot recover, we exit.
APPX 09/19 cup hdl 15.75 -0.49 17.11 20.55 63K 225K 15.85
Buy not issued. Testing the 18 day MVA on very low volume. Holding up well and waiting for the breakout.
AZO 10/01 DB hdl 81.27 +0.28 81.55 92 1.2M 1.5M 77.45
Buy not hit.
AZO 08/24 DB hdl 81.27 +0.28 75.69 82.55 1.2M 1.5M 71.25
Current. Holding up well in the weak market.
BCGI 10/01 cup hdl 10.3 -0.27 10.93 14 87K 250K 9.96
Current. Testing back to the 10 day MVA on very low volume.
BLL 08/06 Rv H&S 48.54 -0.83 44.55 54.55 692K 800K 51.88
Current. Holding at the 50 day MVA on lower volume. Needs to make the jump up here.
BRCM 08/17 CCall 10.1 -0.07 19.2 19.8 11M 9M 17.25
Current. Letting Going to see if it can recover over the 10 day MVA on the next move up.
BSX 09/12 cup hdl 35.14 +0.75 30.94 35.58 3.7M 3.3M 33.45
Current. Took some profit earlier in the week and letting the rest try and run further for us.
BYD 09/16 Test BO 16.99 -0.05 18.05 20.75 399K 461K 16.79
BYD 08/19 cup hdl 16.99 -0.05 16.56 19.88 399K 461K 16.45
Current. Down to the 50 day MVA, showing a doji there on lower volume.
CECO 09/20 Test 50 45.49 -2.84 46.55 53.53 4M 700K 44.48
Current. Gapped down on us but closed at the 50 day MVA after a much deeper test.
CHD 10/05 cup hdl 33.04 -0.26 34.35 39.75 185K 225K 31.95
New.
CLX 09/25 Put 40.26 -0.39 41.25 37.25 952K 1.2M 42.35
Current. Hard time getting through 40. Needs to make that move soon.
CMCSA 09/30 Put 19.95 +0.5 21.18 18 371K 300K 22.15
Current. An up session Friday but on lower volume.
COCO 08/01 Rv H&S 32.21 -3.69 29.95 36 3.6M 809K 34.25
Current. Gapped to the 50 day MVA and sold off. Not good and we will see if can mount a relief move back up to test the 50 day. That is an exit point.
CYN 10/01 Put 42.39 -0.46 48.94 45.25 488K 295K 51
Showed a doji Friday on lower volume. If it does not start selling out of the gates again this week, time to take the gain.
DL 10/03 cup hdl 21.56 -0.41 22.25 25.55 518K 712K 20.31
New buy not hit.
DL 09/28 cup hdl 21.56 -0.41 21.84 25.55 518K 712K 21
Current. Lower volume test of the 10 day MVA.
EASI 08/03 Flat 53.17 -1.33 50.25 58 222K 300K 55
Current. Moved below the 50 day MVA Friday on steady volume. We will see if it can recover to test the 50 day at 54 or higher. If not we will exit.
EDMC 09/07 Rv H&S 42.99 -1.34 44.03 49.45 882K 520K 40.95
Current. Tanked but bounced up off the 50 day MVA.
ERES 09/07 A Wedge 17.54 -0.66 17.35 19.95 157K 200K 16.95
Current. Testing lower as well, closing below the 18 day MVA. Tends to move up in big pyramids that undercut the 18 day MVA on the lows.
FNFG 09/20 BO 31.32 -0.13 31.75 36.51 71K 87K 29.53
FNFG 07/27 Test BO 31.32 -0.13 28.4 33.45 71K 90K 29.25
GG 09/19 cup hdl 10.67 +0.19 11.98 14.45 1.1M 2.4M 10.95
Buy not hit. Will watch how it works off the 50 day MVA it is testing.
GTK 09/19 Test BO 24.06 -0.44 25.95 30 418K 1.3M 24.04
Buy not hit. Trying to hold on, testing the 18 day MVA on the low the past two sessions on low volume.
HET 10/05 Cup 49.51 -0.04 50.7 58.75 1.5M 1.8M 47.45
New.
HSIC 10/03 Test 50 52.6 -0.51 54.45 59.85 358K 550K 52.05
Buy not hit.
HSIC 09/04 BO 52.6 -0.51 52.05 59.85 358K 550K 50.15
Current. Holding at the 18 day MVA. Need to make a definitive upside move this week.
IDXX 09/26 cup hdl 31.48 -0.21 32.11 36.75 189K 468K 29.86
Buy not hit. Still looks ready.
IGT 10/05 cup hdl 67.35 -1.47 70.95 80 992K 1.2M 66.45
New.
INGR 10/03 cup hdl 17.74 -0.41 18.55 22.25 209K 525K 17.12
Buy not hit.
JCI 09/28 Put 74.61 -0.2 77.05 73.55 864K 625K 79.68
Took the gain.
KDE 09/25 A Wedge 23.77 -0.36 21.31 25.55 225K 180K 22.85
Current. Testing back gently.
KLAC 10/02 PreSplt 26.9 -0.52 29.15 26.15 17M 20M 30.15
Target hit.
LANC 09/21 Test 18 42.92 -0.66 44.25 50.88 186K 254K 41.15
Buy not hit.
MBG 09/24 cup hdl 33.88 -0.26 33.51 38.55 1.1M 1M 32.45
Current. Holding up very well.
MBI 09/28 Put 37.14 -1.39 39.98 36.73 1.1M 1M 42.25
Target hit.
MME 10/02 cup hdl 37.18 -1.28 38.28 44 477K 650K 35.6
Buy not issued.
PFCB 09/14 Put 29.95 +0.15 28.98 26 538K 650K 29.75
Current. Testing the 50 day MVA at 30 once again but on low volume.
RE 10/05 Put 53.55 -1.11 53.35 50 562K 550K 55
New.
RFMD 09/05 Roller 6.36 -0.6 6.08 9 6.5M 9.5M 5.94
Current. Up to the 50 day MVA and rolled over on some rising volume. Moved the stop up.
RGLD 09/28 Test 50 19.37 +0.04 18.65 22.35 252K 575K 17.34
Buy not issued. Not attracting any volume on its move up a sign of weakness.
RMCI 10/03 PreSplt 22.22 -0.58 23.55 26.55 142K 165K 21.9
Buy not hit. Not doing it.
SPW 09/10 PreSplt 95.54 -2 105.15 110 431K 425K 102.55
Continued to fall and had to get out.
STE 09/28 BO 24.4 -0.6 23.95 28.75 718K 711K 23.12
Current. Testing back still. 10 day MVA at 24.
STJ 10/05 Put 35.2 -0.53 35.05 32 1.5M 1.3M 36.35
New position.
STJ 09/21 Put 35.2 -0.53 36.25 32.05 1.5M 1.9M 37.35
Shook us out of some positions but a nice move back down.
UHS 10/01 cup hdl 51.05 -1.33 51.79 58.25 638K 800K 49.35
Buy not issued. Gapped up further but rolled over. That lower volume move Friday was deceptive and why we like to see the volume come in.
UOPX 09/23 cup hdl 29.85 -1.29 32.1 37 356K 262K 29.85
Buy not issued. Tanked on the DV news.
VAR 09/16 A Wedge 42.01 -2.97 43.96 50.55 1M 550K 41.85
Buy not hit.
VAR 08/10 Dbl btm 42.01 -2.97 42.75 46.9 1M 550K 41.25
Current. Looked so ready and then dove lower Friday on the strongest volume in 2 months. Closed at some support at 42, but have to be ready to exit.
WB 09/25 Put 30.21 -0.4 33.25 30 5.1M 4M 31.05
Hit the target.
XRAY 10/05 cup hdl 41.51 -0.02 42.28 48.75 867K 900K 39.32
New.
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
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