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us stock market, stock trading info
Begin part 2 of 3
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:
BWS (Brown Shoe Co.--$24.52; +0.53; no options): Footwear
http://biz.yahoo.com/p/b/bws.html
STATUS: Cup w/handle. Working on the handle to its 5.5 month base showing solid accumulation at 5 up weeks on rising volume to 3 down weeks on rising volume. One thing that we really like is that money flow continues to move up ahead of the stock price as it moves laterally; tha tis an indication of continued accumulation even as the stock shakes out the last sellers. The past two sessions volume has spiked back up to above average as the stock started up off the 18 day MVA. Looks ready to make its move.
Volume: 157.5K Avg Volume: 90.909K
BUY POINT: $25.59 Volume=165K Target=$30.65 Stop=$23.65
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/bws.html
QSII (Quality Systems--$23.19; -0.11; no options): Healthcare Info systems
http://biz.yahoo.com/p/q/qsii.html
STATUS: Testing the 18 day MVA. After breaking out of a very flat 10 month base in October, QSII is making its second test of the short term MVA, moving laterally in a very tight and flat trading range the past 10 sessions. Price/volume action the past 2 weeks in the lateral move has been very good. Accumulation is outstanding at 4 to 0 and money flow has started to move up ahead of the stock again even as it moves laterally. Another smaller cap stock looking stronger.
Volume: 29.9K Avg Volume: 21.454K
BUY POINT: $23.55 Volume=55K Target=$28 Stop=$22.35
POSITION: - Stock (No option chain)
http://www.investmenthouse.com/cs/qsii.html
VSAT (Viasat--$11.7; +0.02; optionable): Communication equipment
http://biz.yahoo.com/p/v/vsat.html
STATUS: Testing the breakout. VSAT broke a year-long downtrend in October, and is making its first test of the 18 day MVA after testing the 50 day MVA (just below 10). This makes this point a good time to enter as it is early in the move after the test. It has moved laterally the past three weeks with a constant top at 12. Accumulation is positive at 8 accumulation weeks to 6 distribution weeks and money flow continues to move up ahead of the stock as price moves sideways. That is often a harbinger of the move up to come.
Volume: 136.25K Avg Volume: 206.863K
BUY POINT: $12.26 Volume=320K Target=$15.45 Stop=$11.35
POSITION: IQS EB - May $10c (70 delta) and/or Stock
http://www.investmenthouse.com/cs/vsat.html
CONTINUING LEADER PLAYS
Upside:
Play Date: 12/05/2002
AME (Ametek--$38.45; +0.59; optionable): Industrial electrical
http://biz.yahoo.com/p/a/ame.html
STATUS: Double bottom w/handle. Still working in the handle of its base, but edging toward the breakout price the past two sessions. Money flow is shooting up ahead of the price. It looks ready for the breakout.
Volume: 133.3K Avg Volume: 136.818K
BUY POINT: $38.71 Volume=225K Target=$46.45 Stop=$36
POSITION: AME FG - June $35c (73 delta, no OI) and/or Stock
http://www.investmenthouse.com/cs/ame.html
Play Date: 12/12/2002
AMLN (Amylin Pharmaceuticals--$17.39; -0.15; optionable): Drugs
http://biz.yahoo.com/p/a/amln.html
STATUS: Ascending wedge. A doji on the simple 50 day MVA on the close as volume remains well below average. Looks as if it is ready to make the breakout from the base sporting excellent accumulation at 11 accumulation weeks to 3 distribution weeks since March.
Volume: 508.551K Avg Volume: 960.954K
BUY POINT: $18.75 Volume=750K Target=$22.75 Stop=$17.25
POSITION: AQM DC - April. $15c (72 delta) and/or Stock
http://www.investmenthouse.com/cs/amln.html
Play Date: 11/23/2002
ATRS (Altiris--$13.15; -0.37; no options): Altiris
http://biz.yahoo.com/p/a/atrs.html
STATUS: Ascending wedge. Still hugging the 18 day MVA on very low volume as ATRS works into what looks to be the later stages of its pattern. Outstanding accumulation (9 accumulation weeks to 2 distribution weeks).
Volume: 56.5K Avg Volume: 139K
BUY POINT: $14.05 Volume=200K Target=$18 Stop=$19.96
POSITION: Stock (no option chain)
http://www.investmenthouse.com/cs/atrs.html
Play Date: 11/16/2002
IGEN (Igen International--$41.85; +0.08; optionable): Scientific & technical
http://biz.yahoo.com/p/i/igen.html
STATUS: Testing the breakout. After a big breakout in early December, IGEN is giving its first test of the move, riding up the 10 day MVA (40.75) while bumping its head at 43 for the past two weeks. That is building pressure from below. It tried to make the breakout Tuesday, but fell back. Looks ready for the next entry point.
Volume: 386.08K Avg Volume: 228.045K
BUY POINT: New: 43.02 (orig $38.81) Volume=300K Target=$50 (orig. positions $45) Stop=$39.25
POSITION: GQ CG - Mar. $35c (68 delta) and/or Stock
http://www.investmenthouse.com/cs/igen.html
Play Date: 12/10/2002
NTAI (Nam Tai Electronics--$25.8; -0.81; optionable): Business equipment
http://biz.yahoo.com/p/n/ntai.html
STATUS: Testing the breakout. NTAI provided the big volume breakout and is not giving the first test, dipping back toward the 10 day MVA (25.23) on lower volume. Excellent accumulation and money flow. After the test of the 10 day MVA and a hold there we can add to positions.
Volume: 140.069K Avg Volume: 91.409K
BUY POINT: New: Test of 25.25 and then a move up thru 25.55 (orig. $24.85). Volume=175K Target=$28.75 Stop=$24.25
POSITION: QNA FX - June $22.50c (67 delta, low OI) and/or Stock
http://www.investmenthouse.com/cs/ntai.html
Play Date: 12/11/2002
SCSS (Select Comfort--$9.63; -0.16; no options): Air beds
http://biz.yahoo.com/p/s/scss.html
STATUS: Testing the breakout. Another stock testing its high volume breakout. SCSS is moving up the 10 day MVA (9.58) with a constant top it is banging into at 10. Outstanding accumulation, and we are looking for a breakout over the resistance on volume for new positions.
Volume: 149.836K Avg Volume: 496.636K
BUY POINT: $9.85 Volume=545K Target=$12 Stop=$8.97
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/scss.html
Play Date: 11/23/2002
VRNT (Verint Systems--$18.67; +0.39; no options): Business software
http://biz.yahoo.com/p/v/vrnt.html
STATUS: Testing the breakout. Another stock testing the breakout, riding up the 18 day MVA on the low (17.15). Excellent accumulation and money flow has started to shoot back up. Looks ready again.
Volume: 224.574K Avg Volume: 156.818K
BUY POINT: New: 19.35 (orig. $15.85) Volume=113K Target=$24 (orig. positions $19.15) Stop=$15.75
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/vrnt.html
Downside:
Play Date: 12/11/2002
ANT (Anteon Intl.--$22.32; -0.38; optionable): ITS software
http://biz.yahoo.com/p/a/ant.html
STATUS: Put. Tried the 18 day MVA Monday but failed, then started lower Tuesday on rising volume. Looks ready to continue the fall.
Volume: 219.3K Avg Volume: 256.409K
BUY POINT: New: Further selling (orig. $22.45). Volume=200K Target=$20 Stop=$23.55
POSITION: ANT ME - Jan. $25p (-64 delta, low OI) or ANT PX - April $22.50p (-40 delta, low OI)
http://www.investmenthouse.com/cs/ant.html
Play Date: 12/09/2002
HSIC (Henry Schein--$44.43; -1.12; optionable): Wholesale medical equipment
http://biz.yahoo.com/p/h/hsic.html
STATUS: Put. After a low volume rally up off of the December lows, HSIC has stalled out and closed right on top of th e10 day MVA Wednesday. We want to see it break lower here as volume runs back up.
Volume: 384.143K Avg Volume: 602.772K
BUY POINT: $44.15 Volume=667K Target=$40 Stop=$41.06
POSITION: HQE MI - Jan. $45p (-47 delta, low OI)
http://www.investmenthouse.com/cs/hsic.html
Play Date: 12/14/2002
PENN (Penn National Gaming--$16.4; -0.45; optionable): Gaming
http://biz.yahoo.com/p/p/penn.html
STATUS: Put. Started making the move lower Tuesday, and though volume was a bit low we decided the move looked good enough. It is still a buy on this drop from the 200 day MVA.
Volume: 203.464K Avg Volume: 367.181K
BUY POINT: New: 16.30 (orig. $16.55) Volume=300K Target=$14 Stop=$17.65
POSITION: UQN PD - April $20c (-59 delta)
http://www.investmenthouse.com/cs/penn.html
PRE-ANNOUNCEMENT PLAYS
Play Date: 11/30/2002
EXPE (Expedia--$69.48; -0.53; optionable): Online travel. Forecast to announce a split on 1-26-03 in conjunction with earnings. The company has not confirmed this date, but based upon our research this is the date for the release.
BACKGROUND: Based upon our research it does not appear that EXPE has ever split its stock. The company has sufficient shares for a 2 for 1 split.
http://biz.yahoo.com/p/e/expe.html
STATUS: Cup w/handle. EXPE continues to work through what is turning out to be the handle of its 7.5 month base. It got the dips Friday, falling to the 50 day MVA near 67, but then recovered Monday. It is right at the short term MVA, testing them on the high (70.80). The breakout is up at 78, but if there is a strong volume move over 72.50 we will start building further positions.
Volume: 1.344M Avg Volume: 2.485M
BUY POINT: Aggressive: 72.50; Breakout: $78.25 Volume=3.2M Target=$88 Stop=$72.77
POSITION: UED DO - April $75c (61 delta) and/or Stock
http://www.investmenthouse.com/cs/expe.html
Play Date: 12/12/2002
ROST (Ross Stores--$44.52; -0.83; optionable): Apparel stores. Forecast to announce a split on 3-19-03 in conjunction with earnings. At this time the company cannot confirm a time for the release.
http://biz.yahoo.com/p/r/rost.html
BACKGROUND: Last announced a 2 for 1 split on 8-26-99 in conjunction with a board meeting. The stock price was $43.30. The annual shareholder meeting was on 5-23-02 at which time authorized shares were increased. The company has sufficient shares for a 2 for 1 split.
STATUS: Testing the breakout. Started up off the 18 day MVA (44.68) Monday on some rising, above average volume. Looking solid but then ran into a bit of trouble Tuesday on lower volume as most retail had a tougher day. Looks like a minor setback. Accumulation is positive during the base at 7 up weeks on rising volume to 6 down weeks on rising volume. Money flow has turned back up ahead of the stock as it has worked laterally the past two weeks.
Volume: 1.069M Avg Volume: 1.079M
BUY POINT: $45.85 Volume=1.6M Target=$52.75 Stop=$42.64
POSITION: REQ EV - May $42.50c (66 delta, low OI) and/or Stock
http://www.investmenthouse.com/cs/rost.html
Play Date: 10/28/2002
WFMI (Whole Foods Market--$53.5; -0.68; optionable): Health food grocery. Forecast to announce a split on 2-12-03 in conjunction with earnings. The company has not confirmed this date, but based upon our research this is the date for the announcement.
BACKGROUND: Last announced a 2 for 1 split on 5-10-01 in conjunction with a board meeting. The stock price was $50.40. The annual shareholder meeting was on 3-25-02 at which time authorized shares were increased. The company has sufficient shares for a 2 for 1 split.
http://biz.yahoo.com/p/w/wfmi.html
STATUS: Testing the breakout. WFMI had the same action as ROST, showing a good volume move Monday and then falling back Tuesday in the general market selling on lower volume. This too looks like a momentary setback.
Volume: 737.511K Avg Volume: 676.136K
BUY POINT: New: 53.95 (orig. $50.11) Volume=975K Target=Initial $57.51 Stop=$49.94
POSITION: FMQ BI - Feb. $45c (64 delta) and/or Stock
http://www.investmenthouse.com/cs/wfmi.html
PRE-SPLIT
Play Date: 12/05/2002
PSUN (Pacific Sunwear--$28.53; -0.86; optionable): Pacific Sunwear. Splits 3:2 on 12-31-02
http://biz.yahoo.com/p/p/psun.html
STATUS: Super move Monday on above average volume ran into some trouble Tuesday in retail selling, but volume was lower. Looking for PSUN to hold near 28. A move back up from there is the next entry point.
Volume: 696.271K Avg Volume: 1.036M
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: 12/14/2002
FAST (Fastenal Company--$38.5; -0.42; optionable): Fasteners.
http://biz.yahoo.com/p/f/fast.html
STATUS: Cup w/handle. Ran into that same affliction that many solid moves from Monday hit, i.e., a lower volume pullback Tuesday in the general market selling. Minor problem. Look to hold here and start back up for new entry points.
Volume: 1.157M Avg Volume: 665.954K
BUY POINT: $38.55 Volume=995K Target=$43 Stop=$35.85
POSITION: FQA EG - may $35c (68 delta) and/or Stock
http://www.investmenthouse.com/cs/fast.html
Play Date: 11/09/2002
TEVA (Teva Pharmaceutical--$39.34; +0.46; optionable): Drugs
http://biz.yahoo.com/p/t/teva.html
STATUS: Testing the breakout. Reversed the move it started Monday, but then Tuesday it started up on above average volume. Looks ready to make a move.
Volume: 2.35M Avg Volume: 3.19M
BUY POINT: New: $39.35 (orig. $36.85) Volume=2M Target=$42.51 Stop=$37.35
POSITION: TVQ CU - Mar. 37.50c (62 delta) and/or Stock
http://www.investmenthouse.com/cs/teva.html
End Part 2 of 3
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us stock market
stock trading info
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