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stock split, stock recommendation
Begin part 3 of 3
PRE-SPLIT PLAYS:
Play Date: 04/30/2003
ERES (Eresearch Tech--$29.9; -0.43; optionable): Medical labs. Splits 2:1 on 5-30-03
http://biz.yahoo.com/p/e/eres.html
STATUS: Testing the 18 day MVA. ERES is still recovering from the valuation downgrade 5 sessions back, holding at the 18 day MVA (29.67) on the closes. Volume backed off late in the week as ERES showed a couple of dojis at the 18 day. It looks as if the sellers have taken their shot. Now we are looking for a move back up on strong volume.
Volume: 261.953K Avg Volume: 379.318K
BUY POINT: $30.95 Volume=496K Target=$35.15 Stop=$31.28
POSITION: UDB IY - Sept. $27.50c (60 delta) &/or Stock
http://www.investmenthouse.com/cs/eres.htm
Play Date: 05/08/2003
FLIR (Flir Systems--$51.87; +1.19; optionable): Scientific and technical instruments. Splits 2:1 on 5-30-02
http://biz.yahoo.com/p/f/flir.html
STATUS: Testing the breakout. It was a pretty hard drop from the nice breakout, but FLIR held the 18 day MVA (50.65) and has started back up. Volume has yet to follow. We are looking for more volume for additional positions on this bounce. We really like successful breakout tests, and rising volume would make this a success.
Volume: 239.255K Avg Volume: 262K
BUY POINT: New: $52.05 (new $51.70) Volume=401K Target=$58.75 Stop=$49.65
POSITION: FFQ GJ - July $50c (57 delta) &/or Stock
http://www.investmenthouse.com/cs/flir.html
POST-SPLIT PLAYS:
Play Date: 04/24/2003
TSCO (Tractor Supply--$43.61; 0.00; optionable): Urban and suburban ranchers
http://biz.yahoo.com/p/t/tsco.html
STATUS: Testing the breakout. TSCO is still in the breakout test, holding above the 10 day MVA (43.25) as volume started to edge up. Looking for more volume and a strong move higher to enter new positions. An excellent pattern and stock, and on another stronger volume move up it will be a great entry point.
Volume: 338.514K Avg Volume: 392.59K
BUY POINT: New: $44.55 (orig. $43.75) Volume=603K Target=$52 Stop=$41.94
POSITION: QTF GH - July $40c (60 delta) or QTF JI - Oct. $45c (44 delta) &/or Stock
http://www.investmenthouse.com/cs/tsco.html
Play Date: 05/01/2003
ZQK (Quicksilver--$17.15; +0.46; optionable): Younger sports clothes. Split 2:1 on 5-9-03
http://biz.yahoo.com/p/z/zqk.html
STATUS: New high. ZQK ran into its split and broke to a new high on solid volume as some institutions used the split to load up on positions. We like this breakout and are looking at more positions as institutions move in to buy the stock as well.
Volume: 733.3K Avg Volume: 361K
BUY POINT: New: $17.35 (orig. $16.88) Volume=350K Target=$18.93 Stop=$15.96
POSITION: ZQK FC - June $15c (70 delta) or ZQK HC - Aug. $15c (67 delta) &/or Stock
http://www.investmenthouse.com/cs/zqk.html
WATCHLIST/ CONTINUING
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ADSK 03/25 Cup hdl 16.39 +0.52 16.3 19.45 2.1M 1.8M 15.72
Current. Gapped up off the 18 day MVA on strong volume, finally
giving the move up. The consolidation could finally
be over.
ADTN 04/15 Cup hdl 45.05 +1.44 40.88 46.95 928K 1.2M 42.12
Current. Excellent test of the breakout and now rising again
on stronger, above average volume.
ALGN 04/29 Test 50 8.01 +0.23 7.45 9.25 200K 378K 7.05
Current. Struggling to get over 8.40, trying it again Friday
on lower volume and giving most of the move back.
ALTR 04/15 Rv H&S 17.14 +0.56 15.75 18.81 7M 12M 16.02
Current. Still using the 10 day MVA to move up after the late
April breakout.
AMAT 04/18 BO 15.08 +0.49 15.6 19 24M 32M 14.51
Current. Trying to hang onto the 18 day MVA.
AMT 04/30 Test 50 7.5 +0.5 6.84 8.35 978K 2.1M 6.88
Current. Very nice test and Friday saw AMT start back up off
the 10 day MVA on rising though still below average volume.
APOL 04/12 A Wedge 56.46 +1.03 52.75 59 1.2M 2.7M 54.25
Current. Still moving up and using the 10 day MVA as support.
APOL 02/18 A Wedge 56.46 +1.03 46.25 52.88 1.2M 22M 54.25
Current.
ASCL 05/07 FlyPlat 3.84 +0.01 4.05 4.96 1.4M 1.7M 3.77
Buy Not Hit. Still very nice lateral action in the pattern as it
holds over the 18 day MVA.
AVP 03/29 BO 57.09 -0.38 57.58 65.88 1.3M 1.7M 56.74
Current. Trying to hold as it consolidates laterally.
BBBY 04/26 Test 18 40.15 +0.54 39.12 46.55 2M 4M 38.75
Current. Up and down day to day, but still working up the shrot
term MVA after the breakout.
BCGI 04/24 Test BO 17.01 -0.84 18.55 22.26 2.3M 431K 17.55
Current. Gapped down to the 50 day MVA and then managed to rally
back $1, closing at some resistance at 17. As it was
recovering, we let it & will see if it can get back
to 18 early this week.
BCR 05/10 A Wedge 63.39 +1.7 64.25 73.75 370K 477K 61.55
New.
BLL 03/03 A Wedge 55.99 +0.79 54.22 62 276K 550K 55.74
Current. Held the 50 day MVA on a test and managed to rebound
Friday. If it cannot make any headway Monday we are
going to close it.
BPOP 04/03 Cup hdl 37.89 +0.1 35.25 40.45 285K 200K 36.48
Current. Volume rose Friday as BPOP started back up after 2
lateral moves. Looks ready for more upside.
BRL 01/27 Test 18 52.99 -0.42 51.88 62 1.1M 875K 55.55
CAH 04/09 Put 57.7 +0.8 55.96 52 1.9M 3.5M 54.74
Current.
CECO 02/15 Cup hdl 60.79 +0.7 52.05 58.55 489K 1.4M 58.42
Current. Held the 10 day MVA test and started up Friday though
did not get any volume.
CEDC 05/08 Test BO 31.74 +1.77 31.78 36.55 185K 186K 28.84
Current. Nice volume move after testing back for two sessions.
CNQR 04/22 Test 18 6.08 +0.05 6.12 7.42 88K 250K 5.65
Buy Not Issued.
CTXS 03/29 Cup hdl 18.74 -0.54 14.12 17.25 7.4M 5.3M 17.94
Current. Testing the strong move, but volume jumped well above
average Friday as it closed under the 10 day. Needs
to hold the 18 day at 18.
CYBX 04/18 Test BO 23.13 +0.18 22.55 26.75 130K 325K 22.55
Current. After the strong move CYBX has failed to continue the
move. It is holding over the 18 day, but it needs
to make a break this week.
CZN 04/24 Cup hdl 11.85 +0.3 11.34 13.57 2.2M 156K 10.96
Current. Solid volume surge Friday as CZN continued the breakout
move.
DCTM 05/01 Cup hdl 18.96 +0.24 19.75 24 770K 1.8M 18.32
Current. Continued the bounce up off the 10 day MVA, but not
much upside push yet.
DRIV 05/08 Test BO 16.95 -0.2 17.45 20.95 718K 1.4M 16.23
Buy Not Hit.
DSPG 04/26 Test BO 21.74 +1.05 21.1 25.1 267K 300K 20.25
Current. After testing the 18 day MVA DSPG bounced sharply on
solid, rising volume.
DSPG 04/09 Test BO 21.74 +1.05 19.35 23 267K 308K 20.25
Current.
EBAY 03/08 BO 94.67 +1.4 80.08 92 4.3M 8M 91.22
Current. Up off a test of the 18 day MVA, but not much volume.
ELAB 03/06 Cup hdl 30.58 +0.23 24.06 28.88 266K 325K 29.75
Current. Nice doji on the 10 day MVA.
ERES 04/30 PreSplt 29.9 -0.43 30.15 35.15 262K 496K 31.28
Current.
ERES 01/30 Cup hdl 29.9 -0.43 21.55 28.55 262K 436K 31.28
Current. Holding the 18 day MVA with a doji on lower, below
average volume. Given the pattern we let it run.
FDRY 04/29 Cup hdl 11.87 +0.21 10.9 13.15 2.2M 4.4M 10.74
Current. Nice tight doji on the breakout test as volume continued
to fall. Ready for the next leg up.
FDX 03/24 Cup hdl 62.05 +1.27 57.85 66 1.6M 2.2M 59.75
Current. Resuming the move after the 10 day MVA test, volume
rising again Friday.
FFIV 04/23 A Wedge 15.44 +0.81 15.3 18.32 488K 750K 14.05
Current. Nice rising volume move up off the 10 day MVA test.
FLIR 05/08 PreSplt 51.87 +1.19 51.7 58.75 239K 401K 49.65
Current. Started up off the 18 day MVA test though volume was
not as good as you would want.
GDW 05/01 Cup hdl 77.1 +0.56 77.25 86.75 482K 900K 75.45
Buy Not Issued.
GENZ 05/03 Test BO 41.15 +2.02 41.32 49.88 6.5M 4.9M 38.83
Buy Not Issued. Beautiful bounce off the 10 day MVA on excellent volume.
GPRO 04/05 Dbl btm 35.65 +4.45 26.5 30.75 957K 521K 32.65
Current. Outstanding jump off the 10 day MVA after the breakout
test.
GSPN 04/29 Cup hdl 6.89 +0.36 6.39 8.25 1.6M 2.1M 6.05
Current. Held the 10 day MVA and started up on rising volume.
GTRC 04/07 A Wedge 23.22 +0.32 22.78 26.15 297K 455K 22.55
Current. Trying to move up off of the 18 day MVA test.
HITK 03/22 Cup hdl 35.6 -0.9 19.35 28.75 521K 235K 32.88
Testing the 10 day MVA as volume moved higher. Still
in a solid uptrend so no reason to get panicky.
IART 04/24 FlyPlat 25.99 -0.77 26.25 32 274K 485K 25.45
Has formed a second flying plateau over 26, but may
test down to the 18 day MVA at 25.35 before starting
back up.
IGLD 04/21 Cup 5.86 +0.78 4.3 6.45 271K 543K 4.75
Current. Strong bounce higher after teh 10 day MVA test. Letting
it run higher as long as it will.
IMN 04/29 Put 34.3 +0.46 33.94 30 358K 450K 35.04
Buy Not Issued. Tested the 10 day MVA on teh Friday high and now looks
ready to turn back down.
JPM 04/01 Test BO 30.08 +0.12 24.96 28.55 8.8M 1.2M 28.88
Current. Excellent test of the 10 day MVA on lower volume, showing
a hammer doji at that level and that indicates a move
back up most likely coming.
KLAC 04/02 Test 50 42.49 +1.43 39.4 45.48 7.6M 13M 40.65
Current. Up off the 18 day MVA as KLAC works up the short term
MVA trying to make a breakaway move.
KSWS 04/21 FlyPlat 30.04 -0.36 30.66 35.75 147K 304K 29.35
Has formed a flying plateau after the breakout, and
the 10 day MVA is rising to meet it. That typically
means a blast higher.
LCI 05/06 Cup hdl 17.12 -0.23 17.22 20.51 148K 187K 15.96
Current. Testing back on low voluem after the big breakout.
Would like it to hold at the recent lows at 17.12.
LIZ 04/14 Cup hdl 33.68 +0.14 32.65 27.45 396K 883K 31.92
Current. Tested the 10 day MVA and started back up Friday, but
not a lot of volume.
LLTC 03/20 Cup hdl 36.34 +1.33 34.97 40.48 7.1M 7M 34.55
Current. Looks as if it is massing for a breakout, bouncing
up off the 18 day MVA Friday on rising, average volume.
LM 05/06 Cup hdl 57.7 +0.72 58.5 67.78 337K 610K 55.72
Current. Lateral, low volume move after the breakout.
MED 04/28 Cup hdl 8.75 -0.71 7.12 8.95 381K 145K 6.42
Target Hit. Starting a lower volume test of the strong breakout.
MER 04/28 Cup hdl 42.17 +0.28 41.55 47.45 4.7M 7.5M 40.55
Current. Testing the 10 day MVA on lower volume as MER maintains
the uptrend.
MME 04/30 BO 45.94 +0.69 45.65 54.45 745K 634K 42.45
Current. Continued the breakout move on conitnued above average
volume.
MRGE 04/24 Rv H&S 8.12 +0.22 8.06 10.45 76K 65K 7.55
Current. Bounced up off the 10 day MVA on above average volume.
MUSE 05/03 Test 18 7.85 +0.01 7.75 9.35 1.3M 2M 7.05
Current. Moving laterally on lower volume after the solid breakout
higher.
MVL 03/03 BO 18.75 -0.6 11.82 21 4M 675K 17.55
Current. Has filled the big gap on earnings, and after gapping
lower Friday, it started back up off the 10 day MVA
on strong volume. REady to continue moveing higher.
NVDA 05/08 Cup hdl 21.37 +5.31 17.55 21.25 77M 11M 16.32
Buy Not Issued.
NVLS 05/06 Flat 28.69 +0.78 30.28 36 8.9M 11M 28.16
Buy Not Hit. Not doing much after falling right back into the heart
of the consolidation. Volume was up Friday on a move
higher, but we will have to see more.
NXTL 02/25 Flat 13.26 -0.02 14.55 17.55 17M 2.5M 14.15
Exited.
PFCB 04/12 Cup hdl 42.56 +0.54 42.5 49.94 596K 964K 41.55
Current. Excellent bounce up off the 18 day MVA.
PIXR 04/18 Cup hdl 56.61 -0.16 59.34 68 757K 875K 55.19
Current. Held the 50 day MVA with a tight doji Friday, so we
let it run to see if we can get a bounce.
POWI 05/10 Flat 24.13 +1.13 24.55 29.45 540K 970K 22.83
New.
PRAA 05/10 Test BO 25.92 +0.52 26.45 31.75 51K 185K 25.25
New.
PSUN 03/15 Cup 23.38 -0.04 20.4 24.25 1.2M 1.6M 22.45
Current. Gapped higher on retail sales but could not hold the
move. Still rallying up the 18 day MVA.
PWN 05/07 BO 11.44 +0.23 11.42 13.75 62K 117K 10.62
Buy Not Issued. No volume on the Friday move. May ses another test
of 11 before starting back up.
QCOM 04/16 Put 31.11 +0.72 32.56 29 15M 16M 30.28
Recovered some Friday but on lowe volume.
QLGC 03/15 Test BO 46.75 +1.28 38.85 45 4.6M 11M 42.22
Current.
QLGC 11/07 Test BO 46.75 +1.28 41.4 50 4.6M 25M 42.22
RARE 04/08 Cup 29.53 +0.89 30.06 36 175K 275K 29.12
Buy Not Issued. Nice recovery off the 50 day MVA on rising, above average
volume.
RECN 05/03 Cup hdl 22.5 +0.32 23.74 28.25 78K 195K 21.96
Buy Not Hit. Holding the 18 day MVA. Looks ready to start back up.
SCSS 04/26 Cup hdl 14.51 +1.32 12.22 16 4.6M 696K 12.94
Target Hit. Super blast higher on mega volume. Took some gain and
left the rest to work for us. Moved up the target and
the stop.
SEPR 04/12 Test BO 19.33 +0.43 17.1 21 1.1M 1.8M 18.05
Current. Nice lateral consolidation. We moved up the stop and
the target because when it breaks higher it will surge.
SIGM 05/06 Cup hdl 8.01 +0.11 7.58 9.55 238K 125K 7.05
Buy Not Issued. Going to have to let it test back toward 7.50 and then
enter when it rebounds.
SLM 05/01 Test 50 109.35 -1.62 113.4 117.45 1.4M 975K 111
Exited.
SOHU 03/20 Dbl btm 18.8 +0.25 10.55 21.45 791K 800K 16.55
Current. Moved up the stop and the target as SOHU moves laterally
on low volume. Looks to be readying for the next move
& it could be explosive after a few more lateral sessions.
SPLS 03/31 Test 50 20.69 +0.14 20.3 23.55 2.9M 5M 19.55
Current. Stilll moving up on the breakout move but losing some
momentum as voume backs off.
THOR 04/05 Test BO 13.26 +0.45 13.5 16.26 319K 721K 12.74
Current. Held the 18 day MVA adn then rallied. Needs some more
volume.
TSCO 04/24 Cup hdl 43.61 0 43.75 52 339K 603K 41.94
Current.
TSCO 04/03 Rv H&S 43.61 0 38.6 44.38 339K 577K 41.94
Current. Hit the target this week, but such a nice pullback
we want to let it make the next strong move up before
taking any gains.
UCBH 03/24 Cup 26.69 +0.29 22.03 24.75 257K 200K 25.25
Just letting it run up the 10 day MVA.
UNH 05/10 PreSplt 93.49 +1.28 93.74 100 872K 2M 91.22
New.
UOPX 05/03 BO 45.25 +1.03 46.68 56 144K 370K 43.41
Buy Not Issued. Holding the 18 day MVA. Ready to move if it can get
some volume.
VRNT 05/05 Cup hdl 19.76 -1.04 22.92 27.55 257K 245K 21.32
Current. Trying to hold the 18 day MVA. Needs to hold here.
VRTY 05/03 BO 18.22 +0.32 18.7 22.25 190K 938K 17.39
Current. Nice test of the 10 day MVA in progress, tapping that
level on the Friday low and recovering.
VTAL 04/23 Cup hdl 16.15 +0.85 14.25 17.12 237K 150K 14.12
Current. After the lateral move VTAL jumped up on strong volume.
Nice.
WFR 03/29 FlyPlat 13 +0.1 12.4 15.15 277K 200K 12.22
Current. Has formed a smal ascending triangle adn is trying
to mass for the reakout.
WFR 02/22 Flat 13 +0.1 9.35 14 277K 217K 12.22
Current. Moved up the target and the stop as WFR prepares to
break higher.
WPI 05/05 Flat 35.48 -0.04 31.62 38 2.5M 1.9M 31.92
Current. What a powerful week. Surged on the breakout and then
tested back on lower volume to end the week, but held
most of its gains, a sign of strength.
XLNX 03/20 Test BO 28.81 +1.11 28.05 34.55 8.5M 14M 26.88
Current. Started back up Friday on some rising though still
below average volume.
ZQK 05/01 PreSplt 17.15 +0.46 16.88 18.93 733K 350K 15.96
Current. Moving well on volume on the day of the split.
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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