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stock split, stock recommendation
Begin Part 3 of 3
PRE-SPLIT
Play Date: 12/05/2002
PSUN (Pacific Sunwear--$27.71; -0.01; optionable): Announced a split 12-5-02
http://biz.yahoo.com/p/p/psun.html
STATUS: Attempting the second breakout. After the wild action Thursday PSUN gapped lower but managed to turn back to close flat. Volume backed off but was strong as PSUN held the 10 day MVA on the low and recovered. Ready for the move.
Volume: 1.412M Avg Volume: 995.181K
BUY POINT: $28.05 Volume=1.5M Target=$33 Stop=$25.95
POSITION: PVQ FE - June $25c (71 delta, low OI) and/or stock
http://www.investmenthouse.com/cs/psun.html
POST-SPLIT
Play Date: 11/26/2002
FNF (Fidelity National Financial--$33.07; +0.83; optionable): Surety and title insurance
http://biz.yahoo.com/p/f/fnf.html
STATUS: Testing the breakout. Now it is starting the move, moving off the 18 day MVA at 32 on some rising though still below average volume. Ready to make the break. Accumulation in the base since July is solid at 7 up weeks on rising volume to 3 down weeks on rising volume.
Volume: 564.4K Avg Volume: 588.136K
BUY POINT: $33.25 Volume=875K Target=$38.25 Stop=$30.92
POSITION: FNF DF - April $30c (76 delta) and/or Stock
http://www.investmenthouse.com/cs/fnf.html
Play Date: 12/05/2002
GGG (Graco--$29.19; +0.15; optionable): Machinery
http://biz.yahoo.com/p/g/ggg.html
STATUS: Double bottom w/handle. Still working on the handle to its 6-month base, but looking promising as it tested the 18 day MVA on the low Friday (28.84) and rallied back up on some rising volume. Waiting for the handle to finish and the breakout to come.
Volume: 93.4K Avg Volume: 119.954K
BUY POINT: $30.37 Volume=180K Target=$36.45 Stop=$28.45
POSITION: GGG EE - May $25c (75 delta, low OI) and/or Stock
http://www.investmenthouse.com/cs/ggg.html
Play Date: 11/09/2002
TEVA (Teva Pharmaceutical--$38.88; +0.27; optionable): Drugs
http://biz.yahoo.com/p/t/teva.html
STATUS: Split Friday and enjoyed a nice move on some rising, above average volume. A good test below the 18 day MVA and then a volume move up is solid action. Looking for more positions on a move over 39.
Volume: 1.901M Avg Volume: 1.87M
BUY POINT: New: $39.25 (orig. $36.85) Volume=1.8M Target=$42.51 Stop=$37.35
POSITION: TVQ CN - Mar. $70c (66 delta) and/or Stock
http://www.investmenthouse.com/cs/teva.html
Play Date: 12/07/2002
UOPX (University of Phoenix Online--$36.31; +1.15; optionable): Education on the net
http://biz.yahoo.com/p/u/uopx.html
STATUS: Ascending wedge. UOPX is moving up the 18 day MVA on the lows (34.80) with a constant top at roughly 36.50. This pattern has formed after its breakout from the preceding 6-month cup with handle in mid-November. This is one of our favorite combination patterns as UOPX works off the first breakout as it moves laterally on some lower volume. Looks just about ready for the next move.
Volume: 102.782K Avg Volume: 225K
BUY POINT: $36.74 Volume=278K Target=$42 Stop=$34.17
POSITION: UBY CF - June $35c (56 delta, low OI) and/or Stock
http://www.investmenthouse.com/cs/uopx.html
Play Date: 11/30/2002
WERN (Werner Enterprises--$22.53; +0.22; optionable): Trucking
http://biz.yahoo.com/p/w/wern.html
STATUS: Cup w/handle. WERN continues to move higher toward the breakout from what has formed into a second cup with handle or a test of the prior breakout. The top of the pattern is 22.50 and WERN is moving up the 10 day MVA (21.95) to get there. Looking for a strong breakout this week. Accumulation in the base excellent at 12 accumulation weeks to 7 distribution weeks.
Volume: 151.496K Avg Volume: 340.045K
BUY POINT: $22.75 Volume=550K Target=$27.35 Stop=$21.16
POSITION: QEH ED - May $20c (74 delta, low OI) and/or Stock
http://www.investmenthouse.com/cs/wern.html
WATCHLIST/ CONTINUING
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
$OEX 12/07 Test 50 464.42 +2.75 466.74 486 7.6M 1.5M 455.45
New.
$SOX 12/07 Test 50 331.35 -0.29 335.15 385 3.8M 0 324.94
New.
ACL 10/30 A Wedge 42.13 +0.5 40.65 48.75 276K 995K 39.35
Current. Held the 18 day MVA on the test and looks ready to continue the move higher.
ADI 11/06 Test BO 27.39 +0.37 26.5 32.45 3.2M 5.8M 28.74
Current. Held the 50 day MVA again, showing a doji with a long tail. Waiting for an inevitable chip bounce to take it back up toward the 200 day.
ALN 12/07 Test BO 9.7 +0.12 9.86 11.85 282K 412K 9.17
New buy point. Looks ready to move up out of the lateral consolidation.
ALN 11/09 Test BO 9.7 +0.12 7.28 9.75 282K 200K 8.15
Current.
AME 12/05 DB hdl 37.5 +0.01 38.71 46.45 190K 225K 36
Buy not hit.
AMZN 11/30 Test BO 22.61 +0.03 24.61 29.65 9.4M 10M 22.35
Buy not hit.
AMZN 10/21 cup hdl 22.61 +0.03 20.32 24.38 9.4M 10M 21.75
Current. Tested below support but rallied back to close over the 18 day MVA.
ATRS 11/23 A Wedge 13.2 -0.06 14.05 18 69K 200K 12.45
Buy not hit. Looks ready to blast off.
BCGI 10/01 cup hdl 14.74 +0.06 10.93 14 283K 250K 12.85
Current. Edging higher on continued above average volume.
BGEN 12/07 Test 18 43.33 +0.47 43.94 51 2.4M 4M 40.86
New.
BMRN 11/21 BO 8.1 -0.15 7.95 11 330K 750K 7.29
Current. Tested the 18 day MVA on the low again and then was able to hold the 10 day MVA.
BRCM 08/17 CCall 17.61 +0.46 19.2 19.8 9.8M 9M 17.25
Current.
BSX 10/19 Test BO 42.74 -0.7 37.75 45.75 2.7M 3.3M 39
Current. Doji on top of the 10 day MVA on rising volume. Has been steady if unspectacular. That can be quite nice.
CHS 10/15 Dbl btm 21.85 +0.51 19.35 23.25 751K 1.9M 20.85
Current. Struggling a bit but holding support at the November highs.
CHTT 11/05 PreSplt 20.31 +0.35 20.73 22.88 116K 185K 19.28
Unable to get over the 50 day MVA. Ready to pull the plug.
CKFR 11/30 cup hdl 18.77 +0.16 20.45 25.52 544K 1.6M 18.94
Buy not hit. Looks nice.
CLE 12/04 A Wedge 24.73 +0.26 26.05 31 260K 505K 23.85
Buy not hit.
CLE 10/26 Test BO 24.73 +0.26 25.05 30 260K 505K 24
Current. Held the 50 day MVA and started up, but on low volume.
COH 10/22 cup hdl 33.91 +0.88 30.25 36.35 573K 1.5M 31.55
Current. Held support at 32 and recovered.
COLM 11/13 DB hdl 44.97 +0.85 41.96 48.45 272K 389K 41.94
Current. Tapped the 18 day MVA on the low and rallied. Volume was below average but not bad. 46 has turned into resistance.
COO 11/12 PreSplt 30.1 +0.1 28.47 30.5 245K 450K 28
Current. Drifting higher but showing a doji at 30 on low volume. Ready to take the money off the table.
CPHD 12/05 Test BO 6.03 +0.02 6.35 8.32 199K 500K 5.52
Buy not hit. Looks strong.
CPWM 11/02 cup hdl 32.59 -0.07 30.36 36 218K 471K 28.23
Current. Held the 18 day MVA after the retail sales Thursday dumped it lower. Still in its trend up the short term MVA.
CVD 11/05 Test BO 23.52 +0.59 23.65 28 344K 581K 22.25
Current. Continuing its move, up off the 10 day MVA on some rising though still below average volume. Looks very good.
DELL 11/04 cup hdl 28.65 +0.4 30.55 36 20M 36M 28.41
Current. Gapped below the 50 day MVA but recovered on some rising volume. Could not break over the 18 day MVA, however.
ELAB 10/14 BO 23.24 +0.24 23.05 27.65 78K 225K 22.55
Current. Moving up off the 50 day MVA but not much volume. Still in a steady uptrend.
EXBD 11/11 cup hdl 32.99 +0.64 34.65 40 193K 528K 32.22
Buy not hit. Holding the 50 day MVA and moving up again. Still in the handle that has stretched over a month now.
EXPD 11/09 cup hdl 34.27 +0.31 32.08 38 727K 750K 31.45
Current. UP again with another nice move on volume.
EXPE 11/30 A Wedge 70.21 +0.1 78.25 88 1.3M 3.2M 72.77
Current.
FDS 12/07 cup hdl 32.35 +0.1 32.85 39.45 269K 428K 30.55
New.
FIC 12/07 DB hdl 41.62 -0.28 44.51 48 388K 575K 40.55
New post split.
FNF 11/26 Test BO 33.07 +0.83 33.25 38.25 564K 875K 30.92
Buy not hit. Looking ready to make the breakout.
FRX 10/29 Test BO 98.35 -9.43 99.55 115 13M 3.1M 103
Did not get the pullback to 105. Got a whole lot more.
GENZ 11/30 Test BO 34.43 -0.1 35.15 41.94 2.6M 5.2M 31.21
Current. Testing the move with a nice low volume test of the 10 day MVA.
GGG 12/05 cup hdl 29.19 +0.15 30.37 36.45 93K 180K 28.45
Buy not hit.
GYMB 09/18 cup hdl 20.15 +0.43 19.64 22.45 284K 586K 18.27
Current. Nice move off the 50 day MVA after a high volume test Thursday.
HNR 10/17 Test BO 7.49 +0.25 6.38 7.75 167K 288K 6.95
Current. Super move off the 18 day . . . once again. Now can it continue?
HYSL 11/06 Test BO 27.76 +0.34 28.11 33.75 446K 636K 27.15
Current. Still struggling at the 18 day MVA. Showing resilience but cannot break the resistance. Ready to exit.
IDXC 12/02 cup hdl 16.7 +0.45 17.65 21.25 81K 163K 16.35
Buy not hit. Showing some life with rising volume off 16.
IGEN 11/16 DB hdl 42.08 +1.75 38.81 45 718K 300K 35.97
Super move.
IGT 10/05 cup hdl 76.05 +0.97 73 82 575K 1.2M 76
INFY 11/02 cup hdl 68.52 -11.68 76 87.55 520K 165K 77.25
Current. Tanked on massive volume. Will see if can bounce back toward the 50 day at 72.
ISSX 11/30 Test BO 22.15 -0.46 25.05 31 2.3M 2.5M 23.3
Buy not hit.
ISSX 11/04 BO 22.15 -0.46 22.15 26.5 2.3M 3M 22.35
Current. Doji at support at 22.
JEF 11/25 Rv H&S 42.2 -0.07 45.35 53 218K 300K 42.18
Buy not hit.
KRON 11/13 BO 43.41 -1.31 40.12 47.94 247K 450K 41.78
Current. Still in a lower volume pullback.
KSWS 11/25 cup hdl 24.62 -0.97 27.23 29.94 367K 187K 25.32
Buy not hit. Tanked toward the 50 day MVA.
LBIX 10/14 cup hdl 2.9 +0.28 3.22 4.35 182K 145K 3.32
Up off the 200 day MVA on lower but still above average volume.
LXK 10/29 cup hdl 65.52 +0.92 61 72 996K 2.2M 62.48
Current. Back over the short term moving averages.
MATK 12/04 Test BO 22.68 +0.05 23.39 27.94 100K 300K 21.45
Buy not hit. Looks really good.
MATK 11/26 Test BO 22.68 +0.05 22.25 27.94 100K 300K 20.69
Current. Very nice consolidation.
MCHP 11/09 Test BO 25.7 +0.47 27.05 32 4.6M 6M 25.94
Current. Up over the 50 and 200 day MVA Friday. Looking to move higher in the chip bounce.
MCHP 10/10 BO 25.7 +0.47 24.45 28.5 4.6M 6M 26.54
Current.
MNTR 12/03 Test BO 40.48 -2.35 44.32 50 954K 383K 41.22
Buy not hit. Not doing it.
MRK 12/07 Test BO 58.57 -0.66 59.15 67 6.4M 9.5M 56.65
New.
MSFT 12/04 Test 18 55.47 +0.13 56.61 62.75 36M 67M 54.45
Current. Up off a test of the 50 day MVA on some rising volume. Not powerful, but the right move at this level.
MSTR 11/18 BO 17.27 -0.68 18.45 21 359K 550K 17.65
Current. Testing the 18 day MVA on rising volume.
MXIM 12/03 Test BO 37.91 -0.09 42.05 48 12M 12M 39.11
Exited with trailing stop.
MXIM 11/09 Test BO 37.91 -0.09 34.25 45 12M 12M 39.94
Exited with trailing stop.
NBIX 10/08 Rv H&S 45.9 +0.53 44.85 51.75 148K 1.1M 44.94
Current. Up off the 50 day MVA but not attracting any volume.
NVLS 11/19 Test 50 31.03 -0.38 32.26 38 10M 12M 33.65
Current. Held the 50 day MVA with a doji. Looking for a bounce in the next chip rally. New positions can be taken there as well.
NXTL 11/19 Test BO 12.9 +0.3 13.05 16.15 15M 35M 12.45
Current. Tested down to 12 and the rallied back to the 18 day MVA to hold steady.
NXTL 11/12 Test 50 12.9 +0.3 12.15 16.15 15M 4.5M 12.45
Current.
OLOG 11/16 cup hdl 21.86 +0.44 23.25 27.94 42K 229K 21.62
OVTI 12/07 Test BO 17.92 +1.92 18.45 22.35 1.7M 1.2M 16
New.
PIXR 11/20 BO 59.22 +0.2 57.85 66 371K 775K 55.35
Current. Edging higher up the 10 day MVA. Not the explosive move we wanted to see yet.
PNRA 11/07 cup hdl 35.76 +0.26 34.38 39.75 460K 1.2M 34.12
Current. Holding the 18 day MVA on some rising though still low volume.
PPD 11/14 Test BO 28.4 +0.5 25.51 30.55 689K 450K 25.74
Current. Nice test as PPD holds above the 10 day MVA.
PSUN 12/05 BO 27.71 -0.01 28.05 33 1.4M 1.5M 25.95
Buy not hit.
QCOM 12/04 Test 18 41.48 +1.9 40.15 48 21M 25M 38
Current. Nice move Friday on a sharp surge in volume.
QCOM 11/07 Test BO 41.48 +1.9 34.78 42 21M 18M 38.14
Current.
QLGC 11/07 Test BO 39.19 -0.07 41.4 50 12M 25M 39.88
Unable to recover over the 200 day MVA at 40 but expecting a bounce this week.
RHD 11/30 cup hdl 28.06 -0.17 30.17 25.94 62K 267K 28.06
Buy not hit. Holding the pattern with a test of the 18 day MVA in the handle.
RMD 11/23 A Wedge 31.02 -0.13 34.55 40.35 207K 300K 32.13
ROOM 11/07 Cup 65.25 -1.52 65.25 75 534K 1.2M 67.25
Current. Still having a hard time getting over the valuation call. Holding some support at 65. Should deliver a decent bounce in tech buying; if not we may have to pull the plug. Already took some good gain in it so can let it hold and try to rally.
SCIO 12/03 cup hdl 33.72 +0.8 33.05 39.65 1.1M 1.6M 30.74
Nice move that needs just a bit more volume.
SINA 12/04 Test BO 5.17 -0.13 5.58 7.21 390K 950K 4.97
Buy not hit. Still in the pattern.
SLE 10/26 Test BO 23.47 +0.29 23.11 27.55 2M 3.8M 22.05
Current. Looks so ready to bust out.
SNDK 10/30 cup hdl 24.67 -0.29 21.76 28 2.2M 3M 24.45
Current. Held support at the 18 day MVA again. Looking for a bounce in tech rally as storage is a good sector.
STK 11/30 cup hdl 21.1 -0.04 23.21 27.88 597K 1.2M 21.59
Buy not hit.
TEVA 11/09 Test BO 38.88 +0.27 36.85 42.51 1.9M 1.8M 37.35
Current.
THO 11/14 A Wedge 37.9 -1.13 36.65 44 108K 175K 36
Current. Another doji at the 18 day MVA. Not bad action.
TMCS 11/26 Test BO 24.07 +0.87 26.45 31.75 1.3M 1.2M 24.61
Current. Held the 50 day MVA and jumped on some strong, above average volume. That kept us in it Friday.
TNB 11/30 cup hdl 17.83 -0.05 19.51 23.94 161K 300K 18.03
Buy not hit.
TSCO 12/07 Test 18 43.85 -0.04 45.44 51.44 226K 475K 42.26
New buy point.
TSCO 10/16 Test BO 43.85 -0.04 39.05 46.85 226K 235K 42.05
Current. Holding the 18 day MVA on some rising volume.
UNTD 11/30 Test BO 15.35 +0.33 16.25 19.65 488K 1M 15.11
Buy not hit. Struggling a bit at the 18 day MVA with no volume.
UOPX 12/07 Test BO 36.31 +1.15 36.74 42 103K 278K 34.17
New buy point.
UOPX 09/23 cup hdl 36.31 +1.15 35.45 42 103K 262K 33.97
Current. Still moving up the 18 day MVA, forming a small wedge.
VRNT 11/23 cup hdl 18.28 -0.91 15.85 19.15 208K 113K 15
Current. Holding some support at 18 on the lower volume pullback.
VSEA 11/16 Rv H&S 27.79 -0.23 28.03 33 726K 1.4M 27.94
Current. Held the position as it showed a doji Friday on lighter volume. Will see if we can get a tech bounce to get a better exit point.
WERN 11/30 cup hdl 22.53 +0.22 22.75 27.35 151K 550K 21.16
Buy not hit.
WFMI 10/28 cup hdl 53.29 +0.59 50.11 57.51 534K 975K 49.94
Current. Looks really solid.
WFR 11/14 cup hdl 8.76 +0.16 8.45 11 115K 325K 8.12
Current. Tested the 18 day MVA and started back up.
WGO 10/23 cup hdl 46.82 -1.64 49.21 56 368K 420K 47.65
Exited.
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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stock split
stock recommendation
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