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Begin part 3 of 3
PRE-SPLIT
Play Date: 10/27/2003
BHE (Benchmark Electronics--$48.72; -0.36; optionable): Splits 3:2 on 11-14-2003
http://biz.yahoo.com/p/b/bhe.html
STATUS: Pre-split. After the big move off the 50 day MVA Tuesday, BHE has slipped back on a low volume test of the 18 day MVA (48.43), showing a doji Friday at that level. That is an indication it may be ready to resume the move, but need to see stronger, above average volume trade when it does.
Volume: 241.5K Avg Volume: 368.454K
BUY POINT: New: $50.25 (orig. $48.99) Volume=550K Target=$55.88 Stop=$47.44
POSITION: BHE AJ - Dec. 50c (35 delta) &/or Stock
http://www.investmenthouse.com/cs/bhe.html
Play Date: 10/21/2003
BLUD (Immucor--$29.42; +0.19; optionable): Diagnostic substances. Splits 3:2 on 11-17-03
http://biz.yahoo.com/p/b/blud.html
STATUS: Test 50 day MVA. BLUD is still working up off the 50 day MVA (27.75), but not getting any volume to make serious move. Not bad action as it works laterally after the strong August to September run, but need to see a higher volume breakout over 30.
Volume: 114.495K Avg Volume: 202.409K
BUY POINT: $30.22 Volume=320K Target=$34.78 Stop=$29.08
POSITION: QMQ LF - Dec. $30c (52 delta) &/or Stock
http://www.investmenthouse.com/cs/blud.html
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
^SOXX 10/25 Test 50 36.81 -1.84 463.17 492 9.4M 1.1M 479.98
Target Hit. Took the rest of the gain off the table as the SOX
showed a doji after a strong week. Will look for a
test of the 18 day MVA or 475 to hold & provide the
next entry point. Nice, quick, easy trade.
ACV 08/04 Test 18 63.4 +0.53 58.45 67.45 235K 400K 61.64
Current. Continue to move up the 10 day MVA on above average volume.
ACV 07/19 BO 63.4 +0.53 54.8 65.85 235K 400K 61.64
Current.
ADTN 10/25 Test 50 68.04 -0.82 68.25 77.45 447K 1.1M 67.22
Current. Narrow trading range to close on the 18 day MVA on below average volume. Making a lateral move along the 18 day MVA.
APPB 10/13 BO 37.51 -0.13 37.55 44.95 769K 750K 35.24
Current. More volatile with 37.73 at the day's high and 36.16 at the low. Gapped down at the open and move up on above average volume. Still in uptrend.
AV 09/25 Flat 12.94 -0.11 11.38 13.65 5M 4.4M 12.75
Current. Tested below the 18 day MVA and rallied on higher, but still below average volume. May test back further.
AVO 10/30 Cup hdl 20.17 +0.79 19.72 23.68 340K 359K 18.34
Buy Not Issued. Another great move up on strong volume. Were waiting at the close to see if it would come back a little more. We watch for Monday. Stock had good enough volume to enter the play.
AVP 08/14 Test 50 67.96 +0.8 66.68 76.32 1.1M 1.7M 67.12
Current. Moved up on lower, but above average volume. Continue to move up the 10 day MVA.
BBA 10/29 Test BO 13.18 -0.27 13.76 16.45 223K 749K 12.76
Current. Very volatile session with 13.74 at the high and 13.00 at the low. Gapped down at the open and continued to move down on below average volume. Managed to retain some of Wednesday's great move. Testing the breakout.
BCR 10/04 Cup hdl 80.05 +0.8 73.05 83.55 386K 563K 78.42
Continue to move up the 10 day MVA on above average volume.
BHE 10/27 Test 50 48.72 -0.36 48.99 55.88 242K 550K 48.22
Current. Pull back on below average volume. Still in good shape.
BLUD 10/21 A Wedge 29.42 +0.19 30.22 34.78 114K 320K 29.08
Buy Not Hit. Tested below the 18 day MVA and rallied on below average volume. Still in the pattern.
BSX 10/23 Test 50 67.72 -0.09 66.8 75 1.9M 4M 65.95
Current. More volatile session with 68.06 at the high and 66.80 at the low showing a tight doji on lower, below average volume. Managed to retain most of Wednesday's explosive move. Still in uptrend and moving up the 10 day MVA.
BSX 09/29 Test 50 67.72 -0.09 65.45 69.45 1.9M 4.5M 65.95
Current.
CATS 10/27 Test BO 7.23 -0.07 7.58 9.12 41K 145K 7.05
Buy Not Issued. Gapped up at the open and then went up to tap 7.54 at the high, but gave back the move on low volume.
CECO 07/31 FlyPlat 53.55 -1.15 42.86 47.62 1.3M 1M 51.44
Current. Pull back on lower, but average volume. Still in an uptrend.
CECO 07/19 Test 18 53.55 -1.15 37.88 43.28 1.3M 1.2M 51.44
Current.
CECO 05/29 Test 50 53.55 -1.15 31.28 36.73 1.3M 1M 51.44
Current.
CEDC 10/25 Test 18 37.59 +0.4 34.25 40.88 95K 282K 35.82
Current.
CELL 10/02 Test 18 28.65 +2.43 23.25 28 2.5M 1M 25.92
Current. Nice gap up at the open, but lost some of the gain on strong volume surge. Filled in the gap intraday. Still moving up the 10 day MVA.
CELL 09/20 FlyPlat 28.65 +2.43 22.57 27 2.5M 538K 25.92
Current.
CELL 07/21 Cup hdl 28.65 +2.43 12.83 15.51 2.5M 225K 25.92
Current.
CFC 09/27 Cup hdl 105.12 +0.67 78.38 89.95 1.7M 3.4M 101.92
Current. Continue lateral move above the 10 day MVA on lower, below average volume.
CHS 10/04 Dbl btm 37.54 -0.05 34.62 41.53 738K 1.8M 35.78
Current. Tested the 10 day MVA and rallied on lower, below average volume. Still in the pattern.
CHT 10/16 Cup hdl 15.48 -0.42 15.62 18.75 521K 1.1M 14.88
Buy Not Issued. This is why you do not chase low volume breakouts.
CLEC 10/30 Cup hdl 5.28 -0.05 5.54 6.94 32K 96K 5.15
Buy Not Hit. Tested below the 18 day MVA and rallied on very low volume. Still in the pattern.
COCO 09/20 DB hdl 61.93 -0.83 59.42 69 722K 1.1M 59.95
Current. Gapped up at the open, but lost the gain on below average volume. Managed to retain all of Wednesday's strong move. Still in uptrend.
COH 09/20 PreSplt 35.47 -0.29 30.06 34.55 1.5M 1.2M 34.22
Current. Tapped 36.65 at the day's high, but gave it all back showing a doji on slightly higher, but still below average volume. Continues to move up the 10 day MVA.
CPTV 08/26 Cup hdl 12 -0.16 6.5 8.12 191K 200K 10.78
Current. pull back on much lower, but above average volume. Continues to climb the 10 day MVA.
CPWM 10/25 DB hdl 45.76 -0.48 43.65 51.95 201K 337K 43.78
Current. Pull back on much lower, but average volume. Managed to retain Wednesday's great move. Still in uptrend and moving up the 10 day MVA.
DCGN 09/20 Test BO 6.96 -0.05 4.32 5.38 399K 315K 6.48
Current. Tapped 7.15 at the high and 6.85 at the low showing a doji on below average volume. Still in uptrend.
DG 08/12 Cup hdl 22.47 +0.2 22.72 26.45 1.4M 2.9M 21.13
Tested the 10 day MVA and rallied as the stock continues to move up the 10 day MVA.
DJO 09/11 Cup 17.95 +0.56 14 16.45 89K 100K 16.91
Current. Continue to move up the 10 day MVA for a nice move on stronger above average volume.
DLTR 10/23 Cup 38.29 +0.35 37.92 45.55 906K 2.3M 35.94
Buy Not Issued. Continues with low volume ascent. Have not entered the play because of the low volume.
EASI 10/14 A Wedge 67.62 -0.2 66.07 75 134K 287K 65.68
Current. Tapped 69.20 at the day's high, but gave it back showing a doji on below average volume. Continue to move up the 10 day MVA.
EBAY 08/02 PreSplt 55.93 -1 53.78 60 5.9M 9M 55.45
Current. Thudded down to hold at support 56 on much lower, below average volume. May test to the 50 day MVA.
EBAY 03/08 BO 55.93 -1 40.04 46 5.9M 8M 57.25
Current.
ECIL 10/02 Test BO 4.95 +0.1 4.3 5.22 220K 300K 4.63
Current. Continue to move up the 10 day MVA on slightly higher, below average volume.
EMBT 10/06 Flat 12.9 +0.23 11.24 13.38 199K 350K 12.18
Current. Continue to move up the 10 day MVA on below average volume.
EMBT 07/26 Cup hdl 12.9 +0.23 9.33 11.12 199K 400K 12.18
Current.
ENMD 09/17 Cup 4.94 -0.03 5.39 6.72 294K 890K 4.86
Current. Tapped 4.99 but could not hold the gain showing a tight doji on below average volume. Tapped 4.80 at the day's low and rallied. Needs to hold here.
ERES 09/27 Test 50 45.8 -4.09 36.88 43.94 1.5M 981K 45.22
Current. Gapped down at the open to thud down to hold right below the 10 day MVA on strong volume surge. May test further down.
ET 09/18 Cup hdl 10.3 0 10.8 12.94 4.2M 7M 10.22
Current. Continue to make lateral move along the 18 day MVA on below average volume. Needs to hold here.
FRED 10/30 A Wedge 37.68 -0.12 37.94 45.55 448K 526K 35.32
Buy Not Issued. Gapped up at the open and moved down on lower but still above average volume. Tested 37.10 at the low and rallied. Still in uptrend and moving up the 10 day MVA.
GGP 10/14 FlyPlat 76.5 -0.48 75.12 86.25 220K 275K 74.86
Current. Gapped up at the open, but lost the gain on below average volume. Still moving up the 10 day MVA.
HAR 09/20 FlyPlat 128.2 -1.81 101.68 117 425K 374K 121.55
Pull back on higher, above average volume. Testing the breakout.
HOTT 10/04 Dbl btm 28.71 +0.1 25.39 30.38 688K 748K 27.74
Current. Continue to move up the 10 day MVA on much lower, below average volume.
IACI 10/30 Cup hdl 36.81 -1.03 39.32 47 9.4M 12M 37.35
Buy Not Hit. Thudded down to hold at the 50 day MVA on strong volume surge. Looking for a bounce off the 50 day MVA.
IGT 09/16 Rv H&S 32.75 +0.25 29.05 34.55 2.4M 4.7M 31.58
Current. Gapped up at the open and filled in the gap intraday showing a tight doji on below average volume.
IT 10/28 A Wedge 12.75 -0.25 12.99 15.62 5.9M 400K 12.08
Buy Not Issued. Tested the 18 day MVA and rallied on strong volume surge. May test down further.
JADE 10/16 Cup hdl 4.2 +0.04 5.04 6.32 65K 235K 4.45
Buy Not Hit. Tested the 50 day MVA and rallied showing a tight doji on low volume. The stock has not made the move we were looking for so will drop, but will keep our eye on it.
JAH 09/06 Cup hdl 41.29 -0.17 38.39 45.75 210K 270K 36.88
Current. Tapped 42.73 at the day's high, but gave it all back on average volume. Still in uptrend and moving up the 10 day MVA.
KOSP 10/29 Cup 39.96 +0.37 40.58 48.68 259K 727K 37.48
Buy Not Issued. Continue to make a lateral move above the simple 50 day MVA on lower volume.
LM 05/06 Cup hdl 83.25 +0.88 58.5 67.78 398K 610K 79.94
Current. Moved up on much lower, below average volume. Still moving up the 10 day MVA.
LOUD 10/23 Flat 2.68 +0.08 2.75 3.78 1.8M 3.6M 2.48
Current. Tested the 10 day MVA and rallied on average volume. Still in the pattern.
MOBE 09/15 Cup hdl 9.7 +0.2 8.7 10.88 570K 810K 9.04
Current. Tested the 10 day MVA and rallied on higher, but still below average volume. Recovering nicely from the 50 day MVA.
MSCC 10/28 Rv H&S 20.71 -0.16 20.58 24.72 159K 480K 19.08
Buy Not Issued. Volatile session with 21.18 at the high and 20.50 at the low showing a doji on very low volume. Still in uptrend and moving up the 10 day MVA. Managed to retain Wednesday's move up.
MYL 09/30 Test 50 24.15 -0.43 25.93 29.72 3.4M 2.1M 27.18
Continue to tank on strong volume. The stock has not made the move we were looking for so will drop, but will keep our eye on it.
NCI 10/25 Cup hdl 16.43 -0.15 16.05 19.22 176K 559K 15.55
Buy Not Issued. Testing the breakout. After holding 16, a rebound on volume is a buy.
NEXM 10/14 Cup hdl 5.4 +0.42 5.03 6.28 1.1M 292K 4.78
Current. Big move off the 10 day MVA on strong volume surge. Tapped 55.65 at the high, but gave it back.
NSM 09/17 BO 40.63 -0.79 35.35 42 3.5M 5M 38.62
Current. Pull back on below average volume. Managed to retain most of Wednesday's move. Still in uptrend.
NTE 10/18 Test 18 36.11 -1.74 34.4 41.25 2.7M 1.2M 35.45
Current. Tested the 18 day MVA and rallied to close on the 10 day MVA on strong volume surge. May test down to the 18 day MVA.
NVLS 10/28 Test 50 41.25 +0.62 39.84 47.75 6.3M 9.5M 39.33
Current. Continue to move up the 10 day MVA on below average volume. Made a new high since May 02'.
NXG 10/15 Cup 2.09 +0.04 1.89 2.48 1.4M 684K 1.92
Current. Gapped up at the open, but gave it back on lower, but very strong volume. Stock continues to climb the 10 day MVA.
OLGC 10/18 Test BO 7.1 -0.23 7.15 8.58 254K 342K 6.88
Current. More volatile with 7.55 at the high and 6.87 at the low (18 day MVA). Moved down to close below the 10 day MVA on below average volume.
ORBK 10/14 DB hdl 23.75 -0.74 24.31 29 120K 200K 23.06
Current. Pull back on below average volume. Still in uptrend
ORLY 08/19 Flat 43.46 -1.35 39.48 47.05 355K 350K 41.62
Current. Took back Thursday's gain on lower, but average volume. Still in good shape.
PDCO 10/25 Test 18 64 +0.32 62.72 75 348K 755K 62.05
Buy Not Issued. Just no upside volume on the move.
PKI 10/09 DB hdl 18.01 -0.07 17.18 20.65 600K 1.1M 16.21
Buy Not Issued. Looking for a test of the early October high (17.60) and then a rebound on volume to enter.
PLAB 10/22 Put 21.64 +0.06 21.28 17.75 287K 1.1M 22.02
Buy Not Issued. More volatile with 21.10 at the low and 21.92 at the high showing a doji on the 18 day MVA on very low volume. Stock need to roll over and break through support at the 10 day MVA.
PSUN 10/11 DB hdl 23.08 -0.22 24.12 28.94 1.2M 2.3M 22.54
Buy Not Issued. Tested the 18 day MVA and rallied on below average volume. Still in the pattern.
RI 09/30 Cup hdl 27.35 -0.29 27.72 33 141K 750K 26.61
Pull back on very low volume. Still in uptrend and moving up the 10 day MVA.
SBUX 07/30 Cup 31.6 +0.16 30.35 36.75 2.3M 6M 30.54
Current. Tapped 31.90 at the day's high, but gave it back showing a doji on below average volume. Continue to climb the 10 day MVA.
SBUX 07/01 Cup 31.6 +0.16 26.3 30.94 2.3M 6M 30.54
Current.
SINA 10/24 Test 50 38.65 -1.69 41.55 50 11M 15M 39.42
Current. Thudded down to hold just above the simple 50 day MVA on slightly lower, below average volume. Needs to hold here.
SINA 09/09 Cup 38.65 -1.69 36.15 41 11M 12M 37.55
Current.
SINA 08/18 Test 50 38.65 -1.69 32.2 38.25 11M 10M 37.55
Current.
SOHU 10/24 Dbl btm 34.31 -1.43 37.69 45 4.6M 9M 34.85
Current. Thudded down to hold just above support at 34 on lower, below average volume. Looking for a bounce from here.
SYK 09/20 Flat 81.11 -0.05 78.97 90.25 518K 1.1M 79.65
Current. Narrow trading range on tight doji on higher, but below average volume. Continue to make a lateral move along the 10 day MVA.
SYMC 10/18 Flat 66.65 +0.23 67.88 77.94 2.2M 5M 65.58
Current. Tested the 18 day MVA and rallied showing a tight doji on below average volume. Still in the pattern.
TARO 10/08 Cup hdl 64.26 +0.54 61.51 73 191K 501K 62.52
Current. Bounced off the 10 day MVA and rallied on below average volume. Still moving up the 10 day MVA.
TIWI 10/16 Cup hdl 6.59 -0.12 5.57 7 184K 350K 6.02
Current. Tapped 6.88 at the day's high, but gave it back on very low volume. Still in uptrend and moving up the 10 day MVA. Managed to retain Wednesday's great move.
TSCO 07/29 Test BO 42.04 +0.58 28.06 31.44 766K 494K 39.74
Current. Tested the 10 day MVA and rallied on stronger above average volume. Beginning to move up the 10 day MVA.
TSCO 07/05 Test 50 42.04 +0.58 26.62 30 766K 500K 39.74
Current.
TSCO 06/03 Rv H&S 42.04 +0.58 23.42 27.62 766K 603K 39.74
Current.
TSCO 04/24 Cup hdl 42.04 +0.58 21.88 26 766K 603K 39.74
Current.
TSCO 04/03 Rv H&S 42.04 +0.58 19.3 22.19 766K 577K 39.74
Current.
TXN 10/23 Test BO 28.92 -0.6 27.65 33.18 14M 18M 27.94
Current. Pull back on above average volume. Still in uptrend
UOPX 10/25 Test 50 68.66 -0.75 68.95 82 156K 315K 68.42
Current. Tested the 50 day MVA and rallied to close on the 10 day MVA on below average volume. Still in good shape.
URBN 10/18 Rv H&S 33.36 +0.45 33.61 40 362K 953K 32.08
Current. Narrow trading range showing a tight doji on below average volume. Made a new high.
USNA 10/14 Test BO 33.37 +1.87 33.42 38 696K 314K 31.22
Current. Entered the play as stock made a nice move on stronger above average volume.
VAR 10/28 Cup hdl 63.94 -1.55 64.5 74.25 2M 1.1M 61.98
Current. More volatile with 67.69 at the day's high and 62.89 at the day's low. Gapped up at the open and then lost the gain on stronger above average volume. Managed to retain Wednesday's great move. May test down further.
VRTS 10/04 Test 50 36.08 -0.26 35.77 42.88 4.8M 1M 35.21
Current. Pull back on below average volume. Tested the 10 day MVA and rallied. Still in good shape.
WFII 10/31 Cup hdl 17.15 +2 17.24 20.62 2.8M 1M 15.96
Current. Was on our watchlist and burst out of a 10 week base
with 4 to 3 accumulation. Earnings were solid. Relative
strength broke out as well. Solid move & we edged into
positions on the close.
YUM 10/01 Flat 34.14 +0.18 31.99 37.55 619K 1.6M 31.22
Buy Not Issued. No volume on the drift higher, and we do not like to move into those.
ZMH 08/09 Test BO 63.81 +1.08 51.12 59.55 1.9M 3M 61.32
Current. Continue to move up the 10 day MVA for a nice gain on average volume.
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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