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stock split, stock recommendation
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 pre-announcement plays are found in that section.
Good movers Wednesday: BEBE; CECO; EBAY; ETN; MXO; TSCO; UNTD; UOPX; WWCA
NEW PLAYS: This section includes new plays from all sections other than pre-announcements.
POST-SPLITS: Maybe a stretch, but they are former split plays that announced.
Play Date: 07/23/2003
CHS (Chicos Fas--$25.21; +0.26; optionable): Apparel stores
http://biz.yahoo.com/p/c/chs.html
STATUS: Testing the breakout. CHS formed a 10-week double bottom base starting in May and using the 200 day MVA (20.44) as support for the two bottoms. It broke out of the base two weeks back, but in the immediately following market pullback it too came back. It has tapped at the 18 day MVA at 24 and rebounding to close. It is now moving up off the 10 day MVA (24.72) though volume remains low and below average. Accumulation is solid at 4 to 2 (4 up price weeks on rising volume to 2 down price weeks on rising volume), money flow is is surging, and relative strength is ready to breakout yet again. Very nice action from a retail stock in a sector that is forming very nice patterns.
Volume: 567.4K Avg Volume: 1.512M
BUY POINT: $25.65 Volume=2.2M Target=$30.75 Stop=$24
POSITION: CHS KE - Nov. $25c (57 delta) &/or Stock
http://www.investmenthouse.com/cs/chs.html
Play Date: 07/23/2003
STT (State Street--$44.45; -0.07; optionable): Regional bank
http://biz.yahoo.com/p/s/stt.html
STATUS: Cup w/handle. STT is forming a very nice handle to its 8 month base, pulling back in a narrow and tight range to hold over the 10 day MVA (39.95). Accumulation in the base is an excellent 9 to 2. Great accumulation, tight handle, and regional banks forming up well in anticipation of a better economic recovery. We just sit back and see if it gives the strong volume breakout.
Volume: 1.357M Avg Volume: 1.861M
BUY POINT: $45.59 Volume=2.8M Target=$54 Stop=$43
POSITION: STT KI - Nov. $45c (51 delta) &/or Stock
http://www.investmenthouse.com/cs/stt.html
CONTINUING LEADER PLAYS
Play Date: 07/22/2003
MYK (Mykrolis--$12.99; +0.34; no options): Scientific & technical instruments
http://biz.yahoo.com/p/m/myk.html
STATUS: Testing the breakout. Wednesday MYK was continuing the move off the 10 day MVA though volume backed off, keeping a lid on the action. MYK broke out of a 6 month base in late May and has rallied up to just over 13 on the high. The base built a great foundation for the move with solid 7 to 4 accumulation. Great money flow and relative strength is ready to breakout again.
Volume: 187.6K Avg Volume: 241.772K
BUY POINT: $13.64 Volume=363K Target=$16.45 Stop=$12.65
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/myk.html
Downside:
Play Date: 07/19/2003
ACS (Affiliated Computer--$44.2; +0.33; optionable): Computer ITS
http://biz.yahoo.com/p/a/acs.html
STATUS: Descending triangle. Still working in the downtrend and the breakdown from the triangle. It has managed to rally back to tap the 10 day MVA on the Wednesday high (44.39) but on much lower, below average volume. This is a classic low volume recovery attempt, and they typically fail. Looking for a turn down from here on rising volume.
Volume: 774.2K Avg Volume: 1.922M
BUY POINT: New: 43.94 (orig. $43.45) Volume=2M Target=$40 Stop=$45.05
POSITION: ACS UI - Sept. $45p (-54 delta)
http://www.investmenthouse.com/cs/acs.html
PRE-ANNOUNCEMENT PLAYS
TSCO and CECO were flying after the split announcements, showing their leadership strength.
WATCHLIST/ CONTINUING
LEGEND
DATE: date play first appeared on report.
PLAY: Denotes the type of pattern or play.
Upside play types: A Wedge=Ascending triangle/wedge; BO=Breakout; Cup=Cup base; Cup hdl=Cup w/handle; DB hdl=Double bottom w/handle; Dbl btm=Double bottom; Flat=Flat base; FlyPlat=Flying Plateau; Pennant=Pennant; PreAnn=Pre-Announcement split; PreSplt=Pre-split; Rv H&S=Reverse head & shoulders; Saucer=Saucer base; Test 18=Testing 18 day MVA; Test 50=Testing 50 day MVA; Test BO=Testing the breakout (could be 10 day MVA test, etc.)
Downside play types: CCall=Covered Call; DWedge=Descending triangle/wedge; Dbl Top=Double top; H&S=Head & shoulders; Put (generic downside);
PIVOT=Buy point
Tgt=Target stock price for the play. Applies to stock and options.
Vol=Volume for the most recent session.
TgtV=Target volume to enter the play.
Stop=Stop advisory point. This is advisory and we may or may not exit a play if it hits this level depending upon market conditions.
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ACS 07/19 Put 44.2 +0.33 42.4 39.48 774K 2M 45.05
Current.
ACV 07/19 BO 54.98 -0.06 54.8 65.85 230K 400K 52.95
Current.
AEOS 07/08 Cup hdl 20.51 +0.16 20.12 24.25 1M 1.9M 18.71
Buy Not Issued.
AET 07/17 Flat 64.6 +1.13 64.25 77.12 2M 2.8M 59.88
Buy Not Issued. Not quite the breakaway power we were looking for.
AMAT 07/12 Cup hdl 19.3 +0.54 18.05 22.55 31M 40M 17.24
Current.
AMEV 06/07 Test BO 4.6 +0.1 4.75 6 72K 102K 4.44
Current.
AVP 03/29 BO 64.13 +0.43 57.58 65.88 1.5M 1.7M 62.25
Current.
BCR 07/03 Test 50 69.9 +0.85 72.94 84 268K 600K 70.85
Buy Not Hit.
BDX 07/17 Put 38.62 +0.22 37.25 34.25 516K 900K 38.35
Buy Not Issued.
BEBE 07/01 Test BO 22.8 +1.02 20.9 24.95 110K 321K 21.24
Current.
BIO 07/19 Flat 61.1 -0.05 61.35 73 48K 288K 59.25
Buy Not Issued.
CECO 07/19 Test 18 82.11 +9.13 75.74 86.55 4.3M 1.2M 72.75
Current.
CECO 05/29 Test 50 82.11 +9.13 62.55 73.45 4.3M 1M 72.22
Current.
CELL 07/21 Cup hdl 19.5 +0.03 19.25 23.25 198K 225K 17.82
Current.
CGFW 06/11 Cup hdl 9.04 -0.04 7.75 9.35 67K 120K 8.44
Current.
CHINA 06/21 Test BO 11.42 -1.34 7.95 9.55 17M 2.8M 11.78
Current.
CHMD 06/10 FlyPlat 11.61 -0.5 10.54 12.55 218K 155K 10.75
Current.
CHS 07/23 Test BO 25.21 +0.26 25.65 30.75 567K 2.2M 24
New.
COCO 07/19 Test 50 51.3 +2.3 52.95 63.65 1.2M 1.2M 49.24
Buy Not Hit.
COH 07/10 BO 53.63 -0.2 55.55 65 466K 1.4M 51.66
Buy Not Issued.
CSC 07/22 Put 38.63 +1.53 36.96 34 2.4M 2M 38.25
Buy Not Hit.
CUB 07/04 Cup hdl 24.98 +0.48 24.35 28.95 363K 206K 23.06
Buy Not Issued.
DSPG 07/19 A Wedge 25.21 -0.84 25.96 31.45 800K 536K 23.94
Current.
DVA 05/17 Cup hdl 28.51 +0.31 25.11 30 306K 573K 26.98
Current.
EBAY 03/08 BO 114.14 +2.97 80.08 92 5.8M 8M 105.55
Current.
ETN 05/31 Cup hdl 85.9 +3.1 86 100 1.3M 650K 83.94
Current. Outstanding surge on volume.
EVOL 06/09 Test 50 7.17 +0.06 4.45 5.48 182K 307K 5.45
Current.
FFIV 07/14 A Wedge 17 +0.06 18.96 23 288K 800K 17.55
Buy Not Hit.
GDW 05/01 Test BO 83.51 -0.35 83.6 95.88 445K 900K 81.88
Current.
GGNS 07/14 BO 3.33 +0.04 3.7 4.72 78K 250K 3.22
Current.
GLDN 07/12 Test BO 26.9 +0.04 28.05 33.75 52K 200K 26.09
Buy Not Issued.
GPRO 06/17 A Wedge 52.49 0 41.75 48 162K 766K 47
Current.
GPRO 04/05 Dbl btm 52.49 0 26.5 30.75 162K 521K 47
Current.
GRMN 07/17 Put 41.98 +0.9 39.54 36.48 295K 800K 40.72
Buy Not Issued.
HB 06/16 Put 50.6 +0.29 49.95 46.95 93K 175K 50.78
Current.
HPOL 07/08 Test BO 7.1 +0.02 7.22 8.95 286K 541K 6.68
Current.
HPOL 06/14 Test BO 7.1 +0.02 6.7 8.38 286K 541K 6.68
Current.
IGT 06/18 PreSplt 26.23 0 24.05 25.65 2M 1M 25.35
INB 06/24 Cup hdl 9.1 +0.1 6.15 7.88 33K 80K 7.55
Current.
INTU 06/26 Put 41.3 +0.49 43.95 39.35 3.2M 6M 42
KROL 07/05 Cup hdl 27.79 +0.01 27.98 33.55 100K 700K 27.25
Current.
KROL 06/14 Test BO 27.79 +0.01 26.05 30.95 100K 716K 27.25
Current.
KSWS 07/12 Test BO 37.11 +0.02 38.55 44.65 125K 307K 35.85
Buy Not Issued.
KSWS 04/21 FlyPlat 37.11 +0.02 30.66 35.75 125K 304K 36.94
LM 07/12 Test 18 69.18 -0.83 70.55 80 374K 700K 67.45
Buy Not Issued.
LM 05/06 Cup hdl 69.18 -0.83 58.5 67.78 374K 610K 67
Current.
LSI 07/22 Cup hdl 8.72 +0.32 9.08 10.95 4.2M 7.2M 8.44
Buy Not Hit.
LSTR 07/21 Put 62.35 +0.11 60.95 57.75 139K 200K 62.35
New.
LXK 07/12 Flat 64.07 +0.72 77.55 90 3.3M 2M 74.45
Current.
MRGE 07/19 Test BO 15.95 +0.62 16.35 19.65 57K 239K 14
MRGE 04/24 Rv H&S 15.95 +0.62 8.06 10.45 57K 65K 14.38
Current.
MXO 07/22 Test BO 10.03 +0.71 10.18 12.25 9.3M 4.6M 9.47
Current. Super volume as MXO gapped higher.
MYK 07/22 Cup hdl 12.99 +0.34 13.64 16.45 188K 363K 12.65
Buy Not Hit.
ONXX 07/19 Test 18 15.96 +0.04 15.48 18.55 611K 495K 14.28
Current.
OPSW 07/15 Test BO 5.44 -0.03 5.95 7.25 281K 850K 5.53
Buy Not Hit.
PDLI 06/19 Put 13.93 -0.39 14.75 12.04 1.9M 2.5M 14.75
Current.
PIXR 07/05 Cup hdl 66.55 -0.12 62.8 71.75 234K 1.2M 65.94
Current.
PPE 07/12 Test BO 8.95 +0.15 9.28 12 1M 1.6M 8.82
Buy Not Hit.
PWAV 07/15 Test BO 7.28 -0.13 8.12 9.75 1.6M 2.1M 7.45
Buy Not Hit.
QDEL 07/02 A Wedge 6.71 -0.02 6.8 8.12 45K 125K 6.32
Current.
RCNC 07/09 Test BO 2.29 -0.29 2.58 3.05 505K 718K 2.42
Exited.
SBUX 07/01 Cup 26.84 -0.05 26.3 30.94 2.4M 6M 25.85
Current.
SJM 07/07 Cup hdl 39.92 +0.24 42.12 50.55 126K 316K 40.05
Buy Not Hit.
SLM 06/24 Test 18 41.78 -0.37 42.88 49.25 1.2M 3.5M 41
Buy Not Hit.
SOHU 06/21 Test 50 36.3 -3.55 28.5 35 7.6M 2.5M 32.48
Current.
SSTI 07/08 Cup hdl 4.64 -0.36 5.22 6.72 2.6M 1.4M 4.98
Exited.
STT 07/23 Cup hdl 44.45 -0.07 45.59 54 1.4M 2.8M 43
New.
TPC 06/17 Test BO 5.55 +0.07 5.95 7.55 58K 466K 5.45
Buy Not Issued.
TSCM 07/17 Rv H&S 5.25 +0.05 5.82 7.55 78K 210K 5.38
Buy Not Hit.
TSCO 07/05 Test 50 55.65 +3.02 51.25 60 593K 500K 48.12
Current.
TSCO 06/03 Rv H&S 55.65 +3.02 46.85 55.25 593K 603K 48
Current.
TSCO 04/24 Cup hdl 55.65 +3.02 43.75 52 593K 603K 48
Current.
TSCO 04/03 Rv H&S 55.65 +3.02 38.6 44.38 593K 577K 48
Current.
UCBH 03/24 Cup 30.44 +0.27 22.03 24.75 281K 200K 29.45
UNTD 07/12 Test BO 29.16 +1.7 28.8 34.12 1.2M 2.1M 26.78
Current.
UNTD 05/29 Flat 29.16 +1.7 23.45 28 1.2M 2M 27
Current.
UOPX 10/10 Rv H&S 55.55 +1.61 48.6 58 310K 350K 52.55
Current.
VSEA 07/12 Test BO 35.46 +0.5 34.5 40.95 1.4M 1.4M 32.08
Current.
WLP 07/19 Put 84.7 +3.97 81.94 77.85 3.4M 1.6M 83.15
Exited.
WSH 07/12 Put 29.14 +0.99 28.65 26 2.2M 1.4M 29.85
Current.
WWCA 05/22 BO 14.64 +0.56 11.42 13.85 2M 824K 12.42
Current.
XMSR 07/16 Cup hdl 12.66 0 14.25 17.25 2M 11M 13.12
Buy Not Hit.
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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