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stock split, stock research
Begin part 2 of 3
THE PLAYS
Good moves: ADVP; APOL; BRL; COH; DCLK; ERES; EXPD; GSOF; JCOM; SBUX; VAR
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:
Upside:
Play Date: 03/25/2003
ADSK (Autodesk--$15.63; +0.42; optionable): Technical/system software
http://biz.yahoo.com/p/a/adsk.html
STATUS: Cup w/handle. ADSK split about a year ago, and was then caught up in the selling. Working in the handle of a 15-week base showing solid 5 to 2 accumulation. It has spent the past six sessions moving laterally over 15 and the 10 day MVA and 15.75 on low, below average volume. Looking for the breakout on strong volume.
Volume: 975.401K Avg Volume: 1.2M
BUY POINT: $15.96 Volume=1.8M Target=$19.45 Stop=$14.84
POSITION: ADQ GC - July $15c (64 delta) &/or Stock
http://www.investmenthouse.com/cs/adsk.html
Play Date: 03/25/2003
IOM (Iomega--$11.55; +0.03; optionable): Computer data storage (Zip drives, etc.)
http://biz.yahoo.com/p/i/iom.html
STATUS: Cup w/handle. IMN is working on the handle to its 7-month base that shows solid accumulation at 7 up weeks on rising volume to 4 down weeks on rising volume. Money flow is moving up ahead of price, showing a strong positive divergence, i.e., it is much stronger at this lower price than it was in September when IOM was at 13. Notice how computer hard drives and related equipment are doing better? Looks nice and looking for a strong breakout on volume.
Volume: 81.6K Avg Volume: 174.772K
BUY POINT: $12.02 Volume=260K Target=$14.45 Stop=$11.18
POSITION: IOM FB - June $10c (80 delta) &/or Stock
http://www.investmenthouse.com/cs/iom.html
Play Date: 03/25/2003
MWD (Morgan Stanley--$40.63; +0.41; optionable): Investment services
http://biz.yahoo.com/p/m/mwd.html
STATUS: Double bottom w/handle. MWD blasted over the 200 day MVA (39.74) two sessions back, and is now testing that move on lower and lower volume. It has tapped the 200 day MVA the past two sessions and recovered. Accumulation is solid at 5 to 3 in the 3.5 month base and money flow is shooting up ahead of the stock price. We really are looking at options on this one but stock will work as well.
Volume: 5.343M Avg Volume: 4.807M
BUY POINT: $40.85 Volume=7M Target=$46.75 Stop=$37.99
POSITION: MWD GH - July $40c (58 delta) &/or Stock
http://www.investmenthouse.com/cs/mwd.html
CONTINUING LEADER PLAYS
Upside:
Play Date: 03/20/2003
CMVT (Comverse Technology--$11.68; +0.31; optionable): Telecom processing systems
http://biz.yahoo.com/p/c/cmvt.html
STATUS: Cup w/handle. Held the 10 day MVA on the Tuesday low (11.40) and rebounded. Volume was lower but still average. Still looking solid in the handle. Excellent accumulation at 4 up weeks on rising volume to 1 down week on rising volume. Still moving laterally in a nice lower volume consolidation. Money flow continues to surge ahead of the price.
Volume: 2.416M Avg Volume: 2.404M
BUY POINT: $12.11 Volume=3.5M Target=$14.55 Stop=$11.26
POSITION: CQV GB - July $10c (81 delta) &/or Stock
http://www.investmenthouse.com/cs/cmvt.html
Play Date: 03/20/2003
GTRC (Guitar Center--$21.05; +0.58; optionable): Guitars, amps, supplies
http://biz.yahoo.com/p/g/gtrc.html
STATUS: Ascending triangle. Getting ready to break out from the 4-month triangle. Nice above average volume surge Tuesday as GTRC tested over the breakout but came back on the close. Accumulation is positive at 6 up weeks on rising volume to 5 down weeks on rising volume, and money flow is solid.
Volume: 351.886K Avg Volume: 304.318K
BUY POINT: $21.25 Volume=455K Target=$25.24 Stop=$19.76
POSITION: UGR HD - Aug. $20c (60 delta) &/or Stock
http://www.investmenthouse.com/cs/gtrc.html
Play Date: 03/05/2003
ICST (Integrated Circuit System--$22.65; +0.08; optionable): Chips
http://biz.yahoo.com/p/i/icst.html
STATUS: Cup w/handle. Mvoing up and down the past three weeks over the 50 day MVA (22) and 24 on the high, ICST continues to intrigue. It has held up well, showing a tight doji Tuesday over the 50 day as volume faded again. Accumulation is solid at 5 to 2. Want to see a strong volume move higher as ICST breaks through the buy point.
Volume: 1.276M Avg Volume: 1.618M
BUY POINT: $23.65 Volume=2M Target=$27 Stop=$21.99
POSITION: IUY GX - July $22.50c (60 delta, low OI) &/or Stock
http://www.investmenthouse.com/cs/icst.html
Play Date: 03/20/2003
MXIM (Maxim Integrated--$38.75; +0.25; optionable): chips
http://biz.yahoo.com/p/m/mxim.html
STATUS: Cup w/handle. Reached down to test right at the 18 day MVA on the low (37.50) and rallied back to move over the 10 day MVA on rising, above average volume. Money flow continues its strong move up ahead of price. MXIM is one of those that can run when it gets started. Accumulation is solid at 4 up weeks on rising volume to 2 down weeks on rising volume.
Volume: 9.166M Avg Volume: 7.795M
BUY POINT: $40.12 Volume=10M Target=$44.95 Stop=$37.31
POSITION: XIQ EG - May $35c (72 delta) &/or Stock
http://www.investmenthouse.com/cs/mxim.html
Play Date: 03/20/2003
SOHU (Sohu.com--$9.71; +0.71; optionable): Internet info provider
http://biz.yahoo.com/p/s/sohu.html
STATUS: Double bottom. Solid move up on rising though still below average volume Tuesday. It hit the buy point, but volume was not there. Wanting to see an above average volume surge on a move over 9.86. Accumulation is solid at 4 up weeks on rising volume to just 1 down week on rising volume.
Volume: 458.059K Avg Volume: 625.318K
BUY POINT: $9.92 Volume=800K Target=$11.75 Stop=$9.01
POSITION: UZK FU - June $7.50c (78 delta) &/or Stock
http://www.investmenthouse.com/cs/sohu.html
PRE-ANNOUNCEMENT PLAYS
Play Date: 03/13/2003
BSX (Boston Scientific--$45.95; +0.27; optionable): Forecast to announce a split on 5-6-03 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 8-27-98 at a stock price of $40. The annual shareholder meeting was on 5-7-02. The company has sufficient shares for a 2 for 1 split.
http://biz.yahoo.com/p/b/bsx.html
STATUS: Cup. Fell to the 10 day MVA (45.30) Monday, and then managed to bounce up from that bound Tuesday, but on lower, below average volume. Finally giving the test of the move. Now looking for a stronger move up through the buy point.
Volume: 1.922M Avg Volume: 2.356M
BUY POINT: New: Test of 46, then $46.75 (top of handle); orig. $44.55 Volume=3.4M Target=$50.55 Stop=$41.65
POSITION: BSX HV - Aug. $42.50c (62 delta) &/or Stock
http://www.investmenthouse.com/cs/bsx.html
Play Date: 02/15/2003
CECO (Career Education--$50.73; +1.45; optionable): Education and training. Forecast to announce a split on 4-8-03 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 4-31-01 in conjunction with earnings. The stock price was $61. The annual shareholder meeting was on 5-11-02 at which time authorized shares were increased. The company has sufficient shares for a 2 for 1 split.
http://biz.yahoo.com/p/c/ceco.html
STATUS: Cup w/handle. Reached down below the 18 day MVA (48.45) Tuesday and then rallied back up for a nice gain. Volume was average, but that was down a bit. Want to see volume surge up on the remainder of the move.
Volume: 732.913K Avg Volume: 680.181K
BUY POINT: New: 51.06 on volume (orig. $48.07) Volume=1.4M Target=$54 Stop=$45.74
POSITION: CUY TI - July $45c (58 delta, low OI) and/or Stock
http://www.investmenthouse.com/cs/ceco.html
Play Date: 03/08/2003
EBAY (Ebay--$88.7; +1.15; optionable): Internet auctions, sales. Forecast to announce a split April 22 after the market close in conjunction with earnings.
BACKGROUND: EBAY announced a 3:1 stock split 1-26-99 and then a 2:1 stock split in April 2000 at a stock price of $140.
http://biz.yahoo.com/p/e/ebay.html
STATUS: New high breakout. Holding tough at 87.50 on the lows on stronger, above average volume. It may not give a drop below 87.50. Still would like to see a test of the 10 day MVA (86.45). On that we will catch the next move higher.
Volume: 6.582M Avg Volume: 5.618M
BUY POINT: New: Test of 86.45 and strong move back up (orig. $80.08) Volume=8M Target=$92 Stop=$77.04
POSITION: QXB GP - July $80c (54 delta) &/or Stock
http://www.investmenthouse.com/cs/ebay.html
Play Date: 03/13/2003
IGT (International Game Technology--$83.48; +0.36; optionable): Forecast to announce a split on 4-22-03 during the market in conjunction with earnings.
BACKGROUND: Based upon our research it does not appear that IGT has ever split its stock. The annual shareholder meeting was on 3-4-02 at which time no additional shares were authorized. The company has sufficient shares for a 2 for 1 split.
http://biz.yahoo.com/p/i/igt.html
STATUS: Rolling. Big reach lower down to the 18 day MVA (80.20) and then rallied back hard on strong volume. Volatile, but this may be the shakeout it needed. These reversals on volume are nice.
Volume: 3.038M Avg Volume: 1.125M
BUY POINT: New: 84.05 (orig. $80.06) Volume=1.2M Target=$88 Stop=$77.74
POSITION: IGT GP - July $80c (63 delta) &/or Stock
http://www.investmenthouse.com/cs/igt.html
Play Date: 03/11/2003
SYK (Stryker--$69.45; +0.8; optionable): Medical instruments. Working on a date for SYK
BACKGROUND: Last split 2:1 5/15/2000. Price at the time of announcement was $60.
http://biz.yahoo.com/p/s/syk.html
STATUS: Cup. Has formed a handle over the former price high at 69, holding over the 10 day MVA (68.50) on the lows. Volume has been light the last two sessions. Money flow is leading higher and looking for a breakout on some strong volume.
Volume: 454.2K Avg Volume: 728.454K
BUY POINT: New: 70.06 (orig. $65.55) Volume=800K Target=New positions: $78.75; $73.75 Stop=$63.94
POSITION: SYK IM - Sept. $65c (55 delta) &/or Stock
http://www.investmenthouse.com/cs/syk.html
PRE-SPLIT PLAYS
Play Date: 02/25/2003
TTC (Toro--$71.33; +0.63; optionable): Motorized farm and home tools. Announced a 2:1 split Friday (3-21)!!
http://biz.yahoo.com/p/t/ttc.html
STATUS: Breakout. Strong move Friday on the split news, and after a rest Monday, TTC was starting back up again Tuesday on very strong volume. Another intraday test of 70 is an entry point for new positions.
Volume: 183.3K Avg Volume: 86.045K
BUY POINT: New: Test of 70 (orig. $70.05; $68.85) Volume=137K Target=$76.55 Stop=$65.35
POSITION: TTC FM - June $65c (72 delta, low OI) &/or Stock
http://www.investmenthouse.com/cs/ttc.html
Play Date: 03/24/2003
UCBH (UCBH Holdings--$44.15; +0.51; optionable): Regional bank. Splits 2:1 on 4-9-03
http://biz.yahoo.com/p/u/ucbh.html
STATUS: Cup. Started up Tuesday, moving to the buy point on some rising though still below average volume. Solid 4 to 1 accumulation in its 10-week base. Would like to see more volume, but on a pre-split you don't always get it. Still a buy as it just hit the buy point.
Volume: 109.954K Avg Volume: 733.181K
BUY POINT: New: $44.2 (orig. $44.06) Volume=200K Target=$49.55 Stop=$42.15
POSITION: AUW FH - June $40c (85 delta) &/or Stock
http://www.investmenthouse.com/cs/ucbh.html
POST-SPLIT PLAYS:
GSOF: Gave a super breakout!
Play Date: 03/22/2003
HITK (Hi-Tech Pharmacal--$18.19; +0.79; no options): Generic drugs
http://biz.yahoo.com/p/h/hitk.html
STATUS: Cup w/handle. Nice action. Tested down to the 50 day MVA just over 16 Monday and recovered. Moving up Tuesday. Still holding the pattern with solid 4 up weeks on rising volume to 2 down weeks on rising volume accumulation. Looking for solid volume.
Volume: 98.7K Avg Volume: 153.5K
BUY POINT: $19.35 Volume=235K Target=$23.25 Stop=$17.94
POSITION: - Stocks (no option chain)
http://www.investmenthouse.com/cs/hitk.html
Play Date: 03/22/2003
ODSY (Odyssey Healthcare--$25.32; +1.14; optionable): Long-term healthcare
http://biz.yahoo.com/p/o/odsy.html
STATUS: Double bottom w/handle. ODSY started the move Tuesday, surging off the 10 day MVA (24) on much stronger, above average volume. Not huge volume and ODSY is still very much in the buy range. Showing positive accumulation at 2 up weeks on rising volume to 1 down week on rising volume in the short 2-month base.
Volume: 422.428K Avg Volume: 341.227K
BUY POINT: New: 25.45 on the volume (orig. $25.06) Volume=511K Target=$28.88 Stop=$23.31
POSITION: BAE GX - July $23.38c (62 delta, low OI) &/or Stock
http://www.investmenthouse.com/cs/odsy.html
Play Date: 03/15/2003
PSUN (Pacific Sunwear--$20.34; +0.04; optionable): Apparel
http://biz.yahoo.com/p/p/psun.html
STATUS: Testing the breakout. Moving laterally the last six sessions on mostly lower, below average volume. The last two sessions PSUN has shown very tight dojis on that lower volume. Money flow remains strong as PSUN works through this lateral move. Looking for another strong move up.
Volume: 760.267K Avg Volume: 1.086M
BUY POINT: New: $20.75 on strong volume (orig. $20.40) Volume=1.6M Target=$24.25 Stop=$18.97
POSITION: PVQ FW - June $17.50c (77 delta, low OI) &/or Stock
http://www.investmenthouse.com/cs/psun.html
Play Date: 03/04/2003
UOPX (University of Phoenix Online--$42; +0.05; optionable): Internet education
http://biz.yahoo.com/p/u/uopx.html
STATUS: Testing the breakout. Blasted higher last week on strong volume and came back to test the 10 day MVA (41) the past two sessions on the low. Tuesday volume jumped back up on very strong volume. This volatile stock looks ready to take off again.
Volume: 718.271K Avg Volume: 221K
BUY POINT: New: $42.55 (orig. $40.75) Volume=300K Target=$46.62 Stop=$39.94
POSITION: UBY FG - June $35c (68 delta) and/or Stock
http://www.investmenthouse.com/cs/uopx.html
End part 2 of 3
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stock split
stock research
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