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us stock market, stock split
Begin Part 2 of 2
THE PLAYS:
Upside:
STN (Station Casinos--$16.92; -0.23; optionable): Resorts and casinos
http://biz.yahoo.com/p/s/stn.html
STATUS: Cup w/handle. Another stock holding onto its recent gains as the market sold last week. STN is in the handle of a 5-month base. Volume surged as STN ran up and formed the right side of its base in September, and now it has backed off the past two weeks as it has moved laterally and slightly lower as the 10 day MVA (16.64) comes up to meet it. Accumulation is excellent at 5 up weeks on rising volume to just 1 down week on rising volume. Outstanding base; we will now see if it can make the breakout for us.
Volume: 351.1K Avg Volume: 396.501K
BUY POINT: $17.62 Volume=600K Target=$12.45 Stop=$16.39
POSITION: STN DC - April $15c (86 delta) and/or Stock
http://www.investmenthouse.com/ci/stn.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/ci/xray.html
Downside:
AGN (Allergan--$53.35; -1.90; optionable): Drugs, contact lens stuff
http://biz.yahoo.com/p/a/agn.html
STATUS: Put. AGN rallied off the lows down at 49 but slammed into the 50 day MVA (55.81) last week. It tried one more weak attempt at the 50 day Thursday but then rolled over Friday on mushrooming volume. It managed to close near the 10 day MVA (53.49) but this is the largest volume in 2 months on this reversal. Looks like a quick run to the recent lows.
Volume: 1.676M Avg Volume: 1.087M
BUY POINT: $53.15 Volume=1.1M Target=$50 Stop=$54.85
POSITION: AGN WK - Nov. $55p (-54 delta, low OI)
http://www.investmenthouse.com/ci/agn.html
LNY (Landrys Restaurants--$20.30; -1.15; optionable): Restaurants
http://biz.yahoo.com/p/l/lny.html
STATUS: Put. After trying to recover on hopes of continued strong consumer, restaurants are now heading back down. LNY started back down last week and picked up speed Friday on rising, above average volume. Lots of downside momentum here but it may try to test higher after the big downdraft Friday. If it continues down from here we will not hesitate to move in, however, as it has a lot of downside momentum and can make the target in short order. If it tests 21 and fails we will move in at that point as well.
Volume: 193K Avg Volume: 195.914K
BUY POINT: $20.2 Volume=190K Target=$18 Stop=$21.45
POSITION: LNY MX - Jan. $22.50p (-60 delta)
http://www.investmenthouse.com/ci/lny.html
CONTINUING PLAYS:
Watchlist that still look good:
IDXX: Still.
CCCG: Moving higher on higher volume.
ITRU: Still a nice, nice handle.
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ABFS 09/24 BO 29.61 -0.92 30.1 34.45 591K 421K 27.75
Current. Testing back on lower volume after the breakout move.
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.
ACL 08/06 cup hdl 35.2 -0.55 38.3 42.45 402K 900K 35.88
Current. Fell to the 50 day MVA Friday but on very low, below average volume. Will see if it can bounce from here.
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.
AMLN 09/18 cup hdl 15.8 -0.64 13.55 16.25 1.1M 750K 14.45
Current. Testing back to the 10 day MVA on rising, above average volume. Still decent.
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.
BER 10/02 Put 32.66 -0.04 32.88 30.88 120K 190K 34.55
Buy not issued. One more test up and fall and we enter.
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.
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
Down to the 50 day MVA, showing a doji there on lower volume.
CCCG 09/12 Cup 14.14 +0.24 13.45 16.15 37K 51K 12.41
Current. On the move again on some rising volume.
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 09/18 Test 18 32.21 -3.69 38.11 42.75 3.6M 809K 35.44
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.
COO 09/26 cup hdl 54.45 -0.95 54 61 607K 375K 51.95
Current. Gapped up but sold back. Volume backed off as well.
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.
DP 10/02 cup hdl 45.97 -1.19 47.74 54.94 242K 260K 44.4
Buy not hit. Forming a handle above the 10 day MVA.
IDXX 09/26 cup hdl 31.48 -0.21 32.11 36.75 189K 468K 29.86
Buy not issued. Looks very solid.
INGR 10/03 cup hdl 17.74 -0.41 18.55 22.25 209K 525K 17.12
Buy not hit.
ITRU 09/26 cup hdl 2.99 -0.11 3.35 4.75 340K 550K 2.99
Buy not hit. Very nice.
JCI 09/28 Put 74.61 -0.2 77.05 73.55 864K 625K 79.68
Took the gain.
LNY 10/05 Put 20.3 -1.15 20.2 18 193K 190K 21.45
New.
MBG 09/24 cup hdl 33.88 -0.26 33.51 38.55 1.1M 1M 32.45
Current. Holding up very well.
MME 10/01 cup hdl 37.18 -1.28 37.95 43.65 477K 650K 35.29
Buy not issued.
MMSI 09/23 A Wedge 21.42 +0.52 20.5 24.65 536K 150K 19.65
Current. Running higher on some tremendous volume. Hit the upper channel line on the intraday high (22.17) and fell back. Still very strong.
MSN 09/30 Test 18 3.43 -0.27 3.91 5.45 105K 200K 3.59
Buy not hit. Broke below the 18 day MVA on rising though still below average volume.
PETM 08/26 cup hdl 17.62 -0.31 17.04 20.45 1.2M 2.8M 17.25
Current. Trying to hold that new handle, moving under the 18 day MVA but on low volume.
PFE 09/07 Put 28.55 -1.09 30.55 27 18M 25M 29.12
Current. Falling on rising, average volume.
QLGC 08/17 CCall 20.95 -3.65 36.48 0 26M 12M 33.55
Current. Friday presents a problem. We were willing to let QLGC hold at 25 as it was trying to do. Then the EMC news hit and QLGC gapped down on huge volume. After such a big drop a stock usually bounces up. We will look for a move up to 25 and if it does not recover and hold we will exit. If it continues lower and does not recover toward the edn of the session we will exit.
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.
RGIS 10/03 cup hdl 27.67 -0.43 28.84 33 355K 525K 26.82
Buy not hit. Testing the 18 day MVA on continued below average volume.
RINO 09/28 A Wedge 14.12 -0.39 15.55 19.45 135K 225K 14
Buy not hit.
RINO 08/28 cup hdl 14.12 -0.39 13.8 16.75 135K 300K 14
Current. Tested the 50 day MVA on the low Thursday in a wild day and then held Friday with a doji at 14.
SCSS 09/21 cup hdl 7.45 +0.61 6.02 7.25 813K 200K 6.12
Current. Still a huge move.
STE 09/28 BO 24.4 -0.6 23.95 28.75 718K 711K 23.12
Current. Testing back but volume moved up on the move. Still above the 10 day MVA.
STN 10/05 cup hdl 16.92 -0.23 17.62 12.45 351K 600K 16.39
New.
TEVA 08/12 DB hdl 67.26 -0.81 68.25 77.85 499K 1.2M 66.50
Current. Tested lower toward the 50 day MVA Friday on below average volume.
TREE 10/03 cup hdl 13.76 -1.54 16.35 19.62 457K 433K 14.85
Buy not hit. Tanked Friday.
TTWO 08/24 cup hdl 27.95 -1.53 26.61 31.94 3M 1.5M 27.25
Current. Fell back to the 10 day MVA Friday on a jump in volume. Need to be careful here. Moved up stop.
TTWO 08/17 cup hdl 27.95 -1.53 24.75 29.85 3M 1.5M 27.25
Current.
UBS 09/28 Put 37.68 -2.61 41.15 37.75 361K 225K 42.98
Hit the target.
UNT 09/25 Cup 18.62 -0.38 18.31 22 140K 255K 17.95
Current. Forming up a nice handle, dropping to the 10 day MVA on very low volume.
UOPX 09/23 cup hdl 29.85 -1.29 32.1 37 356K 262K 29.85
Buy not issued. Tanked on the DV news.
UTHR 10/01 Test BO 16.14 -0.12 16.79 20.25 81K 310K 15.61
Buy not hit. Forming a lateral consolidation on very low volume.
VAR 09/16 A Wedge 42.01 -2.97 43.96 50.55 1M 550K 41.85
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.
VRTS 08/19 CCall 12.65 +0.92 19.76 20 32M 8.5M 17.45
Current. After the resume scandal, VRTS bounced up Friday.
VRTX 09/30 Put 17.38 -0.8 17.96 15.75 492K 900K 19.45
Buy not issued. Looking for a chance to get in this week on a test back up.
XRAY 10/05 cup hdl 41.51 -0.02 42.28 48.75 867K 900K 39.32
New.
Good Investing!
Jon L. Johnson and your IH Alerts Team
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 in 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 split
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