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us stock market, stock split
Begin Part 2 of 2
THE PLAYS: In each report we prepare full write-ups for those that look ready to move. If the move has been made already we discuss the play in the summary table. The purpose is to focus on the next good movers.
NEW PLAYS: Splitting stocks are often market leaders and thus we do not just focus on them at points where they are expected to announce or before they actually split. They provide many opportunities to invest in them and this section is where we can look at some former split stocks and other stocks that are in good position to make us money. In addition, there are emerging trends in the recent move off of the double bottom, and we want to capture those stocks emerging from the obscurity as well.
Upside:
REGN (Regeneron Pharmaceuticals--$21.54; +1.07; optionable): Biotechnology
http://biz.yahoo.com/p/r/regn.html
STATUS: Testing the breakout. REGN blasted over the 200 day MVA (17.47) in late November and then sold back with the market. It did not, however, tank back to the 50 day MVA. Instead it held the 18 day MVA (now at 20) and has worked along that MVA the past two weeks. Accumulation during and since the August to November base is outstanding at 7 up weeks on rising volume to just 1 down week on rising volume. As the rest of the market held the 50 day MVA this week, REGN held the 18 day MVA, and unlike the overall market, it is rising on rising volume. Looking for a stronger break higher on a volume surge. Looks good.
Volume: 349.761K Avg Volume: 344.727K
BUY POINT: $22.02 Volume=450K Target=$26.35 Stop=$20.24
POSITION: RQP ED - May $20c (70 delta) and/or Stock
http://www.investmenthouse.com/cs/regn.html
SCSS (Select Comfort--$9.56; +0.21; no options): Air beds
http://biz.yahoo.com/p/s/scss.html
STATUS: Testing the breakout. SCSS broke out of its 4-month base in early October, rallied up the short term MVA as usual, then tested the 50 day MVA (8.05) in November. It blasted off that level and is now making its first test of the short term MVA's again. This is the pattern strong stocks use: breakout, run up thte short term MVA 4 or so times, then test the 50 day MVA, then back up to do it again. This is the first test of the short term MVA, and we are looking at getting in on the move off of this level. Money flow is already leading the way higher.
Volume: 273.21K Avg Volume: 487.545K
BUY POINT: $9.85 Volume=545K Target=$12 Stop=$8.97
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/scss.html
CONTINUING PLAYS: Looking ready
Play Date: 12/09/2002
JEC (Jacobs Engineering--$35.85; +0.05; optionable): Heavy construction
http://biz.yahoo.com/p/j/jec.html
STATUS: Cup w/handle. Very nice handle ongoing, showing a tight doji that tapped the 10 day MVA on the session low (35.45) and then snapped back up. Volume has been edging higher as money flow continues to move up ahead of the price as it moves laterally and shakes out the last sellers.
Volume: 239.1K Avg Volume: 290.136K
BUY POINT: $36.75 Volume=465K Target=$42 Stop=$34.18
POSITION: JEC DF - April $30c (80 delta, low OI) and/or Stock
http://www.investmenthouse.com/cs/jec.html
Play Date: 12/07/2002
UOPX (University of Phoenix Online--$35.54; -0.56; optionable): Education on the net
http://biz.yahoo.com/p/u/uopx.html
STATUS: Ascending wedge. Nice wedge, keeping a flat top just over 35 and moving up the 18 day MVA. Money flow continues to move up ahead of the stock and the price/volume action is solid. Looks ready, and this stock can fly when it moves.
Volume: 111.875K Avg Volume: 215K
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
WATCHLIST/ CONTINUING
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
$OEX 12/07 Test 50 460.69 +0.20 466.74 486 6.7M 1.5M 455.45
Current. Doji at the 50 day MVA once again.
$SOX 12/07 Test 50 3.81 -0.1 335.15 385 2.6M 0 324.94
Current. A doji at the 50 day MVA as well.
ACL 10/30 A Wedge 38.75 -1.25 40.65 48.75 727K 995K 39.35
Exited.
ALN 12/07 Test BO 9.35 +0.24 9.86 11.85 232K 412K 9.17
ALN 11/09 Test BO 9.35 +0.24 7.28 9.75 232K 200K 8.15
Current. Held the 18 day MVA and is starting the move. Needs volume.
AME 12/05 DB hdl 37.75 +0.36 38.71 46.45 104K 225K 36
Buy Not Hit.
AMZN 11/30 Test BO 22.13 +0.27 22.85 29.65 6.4M 10M 21.25
New. New buy point.
AMZN 10/21 cup hdl 22.13 +0.27 20.32 24.38 6.4M 10M 21.75
ANT 12/11 Put 22.64 +0.29 22.45 20 68K 200K 23.55
New.
ATRS 11/23 A Wedge 13.34 -0.02 14.05 18 25K 200K 13.07
Buy Not Hit.
BGEN 12/07 Test 18 41.78 +0.06 43.94 51 1.7M 4M 40.86
Buy Not Hit.
BMRN 11/21 BO 7.88 0 7.95 11 181K 750K 7.29
Current. Looks ready again.
BRCM 08/17 Test 50 16.24 -0.02 19.2 19.8 12M 9M 17.25
Current.
BSX 10/19 Test BO 42.22 -0.18 37.75 45.75 1.5M 3.3M 39
Current.
CHS 10/15 Dbl btm 21.28 +0.32 19.35 23.25 733K 1.9M 20.85
Current.
CHTT 11/05 PreSplt 19.96 -0.59 20.73 22.88 173K 185K 19.28
CLE 12/04 A Wedge 24.17 -0.06 26.05 31 227K 505K 23.85
CLE 10/26 Test BO 24.17 -0.06 25.05 30 227K 505K 24
Current.
COLM 11/13 DB hdl 46.2 +1.43 41.96 48.45 476K 389K 41.94
Current.
CPHD 12/05 Test BO 6.02 +0.1 6.35 8.32 164K 500K 5.52
Buy Not Hit.
CPWM 11/02 cup hdl 32.27 -0.07 30.36 36 199K 471K 28.23
Buy Not Hit.
CREE 12/10 Test 50 19.22 +0.19 19.65 24.25 2.4M 4.1M 18.27
Buy Not Hit.
CVD 11/05 Test BO 24.23 +0.1 23.65 28 750K 581K 22.25
Current.
DELL 11/04 cup hdl 27.75 -0.19 30.55 36 20M 36M 28.41
Current.
EXBD 11/11 cup hdl 32.77 -0.2 34.65 40 217K 528K 32.22
Buy Not Issued.
EXPD 11/09 cup hdl 33.92 -0.28 32.08 38 950K 750K 31.45
Current.
EXPE 11/30 A Wedge 70.66 -0.08 78.25 88 1.3M 3.2M 72.77
Current.
FIC 12/07 DB hdl 40.81 -0.89 44.51 48 433K 575K 40.55
Buy Not Hit.
FLSH 12/10 Test BO 8.2 +0.14 8.75 11 111K 202K 8.14
Buy Not Hit.
FNF 11/26 Test BO 32.41 -0.63 33.25 38.25 659K 875K 30.92
Buy Not Hit.
FRX 10/29 Test BO 93.48 +0.37 99.55 115 4.7M 3.1M 103
GENZ 11/30 Test BO 33.05 -0.49 35.15 41.94 1.8M 5.2M 31.21
Current.
GGG 12/05 cup hdl 29.4 +0.12 30.37 36.45 49K 180K 28.45
Buy Not Hit.
GYMB 09/18 cup hdl 19.75 +0.07 19.64 22.45 244K 586K 18.27
Current.
HSIC 12/09 Put 46.18 +1.08 43.2 40 629K 667K 44.75
Buy not hit.
IDXC 12/02 cup hdl 18.39 +2.04 17.65 21.25 564K 163K 16.35
Current.
IGEN 11/16 DB hdl 42.5 +1.99 38.81 45 363K 300K 35.97
Current.
INFY 11/30 Test BO 71.2 +2.5 84.05 92 226K 165K 78.17
INFY 11/02 cup hdl 71.2 +2.5 76 87.55 226K 165K 77.25
ISSX 11/30 Test BO 20.04 -1.02 25.05 31 3.4M 2.5M 23.3
Buy Not Hit.
ISSX 11/04 BO 20.04 -1.02 22.15 26.5 3.4M 3M 22.35
Exited.
JEC 12/09 cup hdl 35.85 +0.05 36.75 42 239K 465K 34.18
Buy not hit.
KRON 11/13 BO 44.3 +0.3 40.12 47.94 199K 450K 41.78
Current.
LBIX 10/14 cup hdl 3.02 -0.15 3.22 4.35 63K 145K 3.32
Current.
LXK 10/29 cup hdl 64.77 +0.53 61 72 1.3M 2.2M 62.48
Current.
MRK 12/07 Test BO 58.39 -0.61 59.15 67 5.8M 9.5M 56.65
Current.
MSFT 12/04 Test 18 54.66 +0.65 56.61 62.75 35M 67M 54.45
MSTR 11/18 BO 17.62 +1.34 18.45 21 285K 550K 17.65
NBIX 10/08 Rv H&S 45.94 +0.94 44.85 51.75 388K 1.1M 44.94
Current.
NTAI 12/10 Test BO 25.02 +0.77 24.85 28.75 214K 175K 23.11
Current.
NXTL 11/19 Test BO 11.85 -0.32 13.05 16.15 20M 35M 12.45
Current.
NXTL 11/12 Test 50 11.85 -0.32 12.15 16.15 20M 4.5M 12.45
Current.
OLOG 11/16 cup hdl 21.95 -0.16 23.25 27.94 66K 229K 21.62
Buy Not Hit.
OVTI 12/07 Test BO 18.88 +1.31 18.45 22.35 2.2M 1.2M 16
Current.
PIXR 11/20 BO 58.57 -0.05 57.85 66 361K 775K 55.35
Current.
PNRA 11/07 cup hdl 35.95 +0.15 34.38 39.75 301K 1.2M 34.12
PPD 11/14 Test BO 28.96 -0.18 25.51 30.55 709K 450K 25.74
Current.
PSUN 12/05 BO 27.52 -0.17 28.05 33 1.1M 1.5M 25.95
Buy Not Hit.
QCOM 12/04 Test 18 39.54 -0.07 40.85 50 11M 18M 37.99
QCOM 11/07 Test BO 39.54 -0.07 34.78 42 11M 18M 38.14
Current.
QLGC 11/07 Test BO 37.79 +0.13 41.4 50 12M 25M 39.88
REGN 12/11 Test BO 21.54 +1.07 22.02 26.35 350K 450K 20.24
New.
RHD 11/30 cup hdl 28.93 +0.59 30.17 25.94 64K 267K 28.06
RMD 11/23 A Wedge 29.72 -0.43 34.55 40.35 184K 300K 32.13
ROOM 11/07 Cup 62.73 +0.62 65.25 75 811K 1.2M 67.25
Current.
SCIO 12/03 cup hdl 32.76 +0.12 33.05 39.65 659K 1.6M 30.74
Buy Not Issued.
SCSS 12/11 Test 18 9.56 +0.21 9.85 12 273K 545K 8.97
New.
SFNT 12/06 Test 50 24.1 +0.2 25.65 32.45 205K 188K 23.85
Buy Not Hit.
SINA 12/04 Test BO 4.7 -0.34 5.58 7.21 594K 950K 4.97
Buy Not Hit.
SLE 10/26 Test BO 22 -1.05 23.11 27.55 6.8M 3.8M 22.05
Exited.
TEVA 11/09 Test BO 38.43 -0.13 36.85 42.51 1.4M 1.8M 37.35
Current.
THO 11/14 A Wedge 38.65 -0.16 36.65 44 82K 175K 36
TMCS 11/26 Test BO 22.69 -0.23 26.45 31.75 1.2M 1.2M 24.61
Current.
TSCO 12/07 Test 18 42.23 -0.41 45.44 51.44 226K 475K 42.26
Buy Not Hit.
TSCO 10/16 Test BO 42.23 -0.41 39.05 46.85 226K 235K 42.05
Current.
UNTD 11/30 Test BO 16.6 +0.15 16.25 19.65 945K 1M 15.11
Current.
UOPX 12/07 Test BO 35.54 -0.56 36.74 42 112K 278K 34.17
Buy Not Hit.
VRNT 11/23 cup hdl 18.52 +1.67 15.85 19.15 367K 113K 15
Current.
WERN 11/30 cup hdl 21.5 0 22.75 27.35 195K 550K 21.16
Buy Not Hit.
WFMI 10/28 cup hdl 53.16 -0.42 50.11 57.51 488K 975K 49.94
WFR 11/14 cup hdl 9.07 -0.22 8.45 11 456K 325K 8.12
Current.
ZION 11/19 Put 41.11 -0.14 37.97 35 383K 850K 40.75
Buy Not Issued.
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
stock split
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