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us stock market, stock recommendation
Begin part 3 of 3
Play Date: 11/04/2003
ERES (Eresearch Tech--$46.78; -0.25; optionable): Medical labs. Splits 3:2 on 11-4-03.
http://biz.yahoo.com/p/e/eres.html
STATUS: Testing the 10 day MVA (46.68). ERES spent Friday continuing to work laterally over the 10 day MVA on below average volume. It dumped back late the prior week, but showed its strength when it held this near support. Not bad action, and just waiting for volume to spike up again on a move throught eh buy point. ERES has surged this year in a remarkable run from near $10 to $50. Strong money flow and a relative strength breakout. Looking for a jump back up from here on stronger trade.
Volume: 515.875K Avg Volume: 716.545K
BUY POINT: $47.64 Volume=1.1M Target=$54.85 Stop=$46.32
POSITION: UDB AB - Jan. $47.50c (55 delta) &/or Stock
http://www.investmenthouse.com/cs/eres.html
POST-SPLIT
Play Date: 11/08/2003
CECO (Career Education--$54.13; -0.62; optionable): Education and training
http://biz.yahoo.com/p/c/ceco.html
STATUS: Flying plateau. After a 50 day MVA test in mid-October, CECO surged back up, rallying to 55 in a 12.50 point move. The past week it has moved laterally over the 10 day MVA (53.46), holding the move and trying to set up for the next break higher. We are looking for an above average volume move over the 50 day MVA to add some positions.
Volume: 732.668K Avg Volume: 1.344M
BUY POINT: New: $55.38 (orig. $42.86) Volume=1.4M Target=$63.25 Stop=$53.15
POSITION: CUY DK - Apr. $55c (56 delta) &/or Stock
http://www.investmenthouse.com/cs/ceco.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.
Upside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
^OEX 11/06 A Wedge 63.59 -3.14 523.15 545 454K 650K 518.55
Current. Stalled out at the early October high and finished
lower, but on very low, below average trade.
ACV 08/04 Test 18 62.55 -0.44 58.45 67.45 321K 400K 62.31
Current. Testing the 18 day MVA after a nice run up the 10 day.
Volume rose to average, so it needs to hold here and
make the rebound.
ACV 07/19 BO 62.55 -0.44 54.8 65.85 321K 400K 62.31
Current.
APA 11/06 Test 50 69.9 -0.1 70.38 75.55 765K 1.8M 69.22
Current. Not a ton of volume, but a pre-split so we were ready
to move in as it continued off the 50 day MVA.
APPB 10/13 BO 37.86 +0.15 37.55 44.95 707K 750K 36.88
Current. A very nice intraday test of the 10 day MVA in an overall
very good test of the huge breakout.
AV 09/25 Flat 13.22 0 11.38 13.65 6.6M 4.4M 12.92
Current. Big gap lower Friday but a nice recovery over the short
term MVA. Will let it move if it will.
AVO 10/30 Cup hdl 18.75 -0.43 19.72 23.68 814K 359K 18.34
Buy Not Issued. Nice consolidation attempt caved in. Dropping it.
AVP 08/14 Test 50 68.06 -1.29 66.68 76.32 1.3M 1.7M 67.78
Current. Made some nice gains at the end of the week but then
gave them back Friday. Looked ready to make its move
but now it starts anew at the short term MVA.
BBA 10/29 Test BO 12.85 -0.19 13.76 16.45 322K 749K 12.76
Current. Retail numbers Thursday sent it back down from a solid
move. Trying to hold the 18 day MVA. If it does we
will let it bounce, but if it does not show life we
will cut it and look elsewhere near term.
BHE 10/27 Test 50 53.1 +0.2 48.99 55.88 360K 550K 50.78
Current. Solid though not spectacular week, moving up over the
10 day MVA on below average volume. Showing a doji
Friday, and may edge back before rallying again.
BLUD 10/21 A Wedge 30.97 -0.32 31.22 35.85 99K 320K 30.12
Current. Nice move mid-week stalled out at weekend, but given
the market selloff, not bad action.
BSX 10/23 Test 50 34.55 -1.16 33.4 37.5 4.2M 4M 34
Current. A great week until Friday when BSX sold back. Lower
volume softened the action, but want it to hold the
10 day on the test.
BSX 09/29 Test 50 34.55 -1.16 32.72 34.73 4.2M 4.5M 34
Current.
CATS 10/27 Test BO 7.48 +0.01 7.58 9.12 62K 145K 7.05
Buy Not Issued. Still in the pattern, just taking its time as it works
laterally over the 10 day MVA and below 7.50.
CECO 07/31 FlyPlat 54.13 -0.62 42.86 47.62 733K 1M 53.15
Current. A very nice lateral move over the 10 day MVA, setting
up the next leg.
CECO 07/19 Test 18 54.13 -0.62 37.88 43.28 733K 1.2M 53.15
Current.
CECO 05/29 Test 50 54.13 -0.62 31.28 36.73 733K 1M 53.15
Current.
CEDC 10/25 Test 18 37.5 -0.42 34.25 40.88 150K 282K 36.88
Current. Excellent lateral consolidation over the 10 day MVA,
setting up the next break higher that we want to add
positions on.
CELL 10/02 Test 18 26.89 +0.32 23.25 28 969K 1M 26.42
Current.
CELL 09/20 FlyPlat 26.89 +0.32 22.57 27 969K 538K 26.42
Current. Hammer doji right on the 18 day MVA indicates the pullback
could be over. A logical place for it to turn back up.
CELL 07/21 Cup hdl 26.89 +0.32 12.83 15.51 969K 225K 25.92
Current. Hammer doji right on the 18 day MVA indicates the pullback
could be over. A logical place for it to turn back up.
CFC 11/04 FlyPlat 102 -3.01 105.75 115 2.5M 2.5M 103
Buy Not Issued.
CFC 09/27 Cup hdl 102 -3.01 78.38 89.95 2.5M 3.4M 101.92
Current. Disappointing fall thru the 10 day MVA. May be a shakeout
and needs to hold at the 18 day & make the bounce from
there.
CHS 10/04 Dbl btm 37.75 -0.55 34.62 41.53 1.2M 1.8M 36.73
Current. Testing the 10 day MVA as it continues to rally up
the short term MVA.
CLEC 10/30 Cup hdl 5.19 -0.09 5.54 6.94 43K 96K 5.15
Buy Not Hit. Still in the pattern as we wait, and wait, and wait.
CLKS 11/01 Cup hdl 2.47 -0.03 2.44 3.18 211K 296K 2.32
Current. Excellent break higher early in the week was tested
late on much ligher volume.
CMNT 11/06 DB hdl 10.58 +0.03 10.75 13.55 581K 800K 9.99
Buy Not Issued. Big move early over 11, but could not hold on and fell
back to close falt. Still in the pattern & action mimicked
the market, but still hate to see it reverse on the
breakout attempt.
COCO 09/20 DB hdl 62.95 +0.03 59.42 69 498K 1.1M 61.55
Current. Nice bounce to starte the week was given back as COCO
closed just over the 10 day MVA. Still in good shape.
COH 09/20 PreSplt 36.46 -0.04 30.06 34.55 1.4M 1.2M 35.62
Current. Consolidating its nice move while holding over the
10 day MVA. HOlding the gains is a sign of strength.
COO 11/01 DB hdl 43.55 -0.4 44.06 50.88 156K 550K 41.95
Buy Not Issued.
CPTV 08/26 Cup hdl 12.3 +0.02 6.5 8.12 86K 200K 11.65
Current. Excellent lateraly move over the 10 day MVA as CPTV
consolidates its strong bounce higher. Lateral consolidations
are a sign of continuing strength.
CPWM 10/25 DB hdl 43.48 -0.27 43.65 51.95 291K 337K 43.12
Current. Has come back to test the strong move higher to end
October, holding onto the breakout. Now it needs to
regroup and rally from here.
DCGN 09/20 Test BO 7.45 +0.1 4.32 5.38 306K 315K 6.99
Current. Still moving up the 10 day MVA but struggling near 7.50.
DG 08/12 Cup hdl 22.09 -0.18 22.72 26.45 1.3M 2.9M 21.13
DIOD 11/04 Cup hdl 28.5 -2.13 26.08 31.25 445K 75K 25.94
Buy Not Issued. After a strong surge higher to start the week, Friday
DIOD was falling back toward the 10 day on heavy volume.
A test of 26 could be a good entry point if it can
bounce sharply.
DJO 09/11 Cup 21 -0.3 14 16.45 48K 100K 19.22
Current. Excellent move last week on volume. Will need a test,
but letting the remaining positions run for us.
DLTR 10/23 Cup 35.29 -1.57 37.92 45.55 3.9M 2.3M 35.94
Buy Not Issued. Tanked through the 50 day MVA on huge volume. Dropping.
EASI 10/14 A Wedge 46.42 -0.31 44.06 50 156K 287K 45.25
Current. Running out of gast below 47.50. Needs to make the
move. Moved the stop higher just in case.
EBAY 08/02 PreSplt 56.13 +0.21 53.78 60 6.3M 9M 55.45
Current. Back down to the 50 day MVA on continued below average
volume.
EBAY 03/08 BO 56.13 +0.21 40.04 46 6.3M 8M 57.25
Current.
ECIL 10/02 Test BO 5.82 +0.12 4.3 5.22 344K 300K 5.22
Current. Strong move higher to end the week and we took some
gain and let some run. After moving up the 10 day it
made a more ballistic move. Always cautious about those
moves and have moved up the stop on remaining positions.
EMBT 10/06 Flat 14.25 +0.34 11.24 13.38 1.7M 350K 13.12
Current.
EMBT 07/26 Cup hdl 14.25 +0.34 9.33 11.12 1.7M 400K 13.12
Current. An explosive volume move higher, jumping off of the
10 day MVA. Nice.
ERES 11/04 Test BO 46.78 -0.25 47.64 54.85 516K 1.1M 46.32
Buy Not Issued.
ERES 09/27 Test 50 46.78 -0.25 36.88 43.94 516K 981K 45.22
Current. Still working laterally over the 10 day MVA on continued
low volume. Trying to put together the next move in
its strong uptrend.
ET 09/18 Cup hdl 10.79 +0.26 10.8 12.94 5.2M 7M 10.36
Current. Finally some volume as it moves up off the 18 day MVA.
FDX 11/06 BO 76.9 -0.26 77.72 90 1.1M 1.8M 72.28
Current. Nice move up the 10 day MVA last week as it continues
its run higher.
FOSL 11/01 DB hdl 27.31 +0.56 27.62 33 179K 369K 26.35
Buy Not Issued. Started off the 50 day MVA on much better volume, but
want to see it a lot stronger.
FRED 10/30 A Wedge 36.09 -0.4 38.88 46.55 505K 526K 36.16
Buy Not Issued.
GGP 10/14 FlyPlat 79.5 -0.69 75.12 86.25 271K 275K 77.74
Current. Excellent move continues up the 10 day MVA toward the
split.
GRMN 11/09 Cup hdl 51.2 -0.15 52.62 60.62 289K 690K 48.98
Buy Not Hit.
HAR 11/06 FlyPlat 131.5 +2.2 131.25 141.25 250K 400K 127.22
Current. Started up off the 10 day MVA. Volume was not great,
but it was rising so we moved in on the play.
HAR 09/20 FlyPlat 131.5 +2.2 101.68 117 250K 374K 124
HSIC 11/09 Flat 63.59 +0.77 64.02 73.62 454K 494K 61.88
Buy Not Hit.
IGT 09/16 Rv H&S 33.43 -0.57 29.05 34.55 3M 4.7M 32.75
Current. Coming back to test the 10 day after the big volume
and price move Wednesday. Needs to hold the 10 day
and rally from there to keep the integrity of the run.
IT 10/28 A Wedge 13.45 -0.07 12.99 15.62 388K 400K 12.98
Buy Not Issued. Just not getting the breakaway move we wnated to see.
Dropping for now.
JAH 09/06 Cup hdl 42.5 -0.25 38.39 45.75 149K 270K 41.12
Current. AFter the big surge the prior week, JAH spent last
week moving laterally over the 10 day MVA on light volume.
KEI 11/05 Cup hdl 18.05 -0.35 18.37 22.05 88K 150K 17.45
Current. Powerful move last week took a breather Friday.
KLAC 11/06 Dbl btm 59.53 -1.35 61.06 73 7.2M 12M 58.45
Buy Not Issued. Gapped higher but could not hold the move. No volume
so we were going to let it continue, shape up, and
rally again.
KOOL 11/09 Dbl btm 3.65 +0.05 3.72 4.85 123K 200K 3.46
Buy Not Hit.
KSWS 11/09 Test BO 42.55 -0.7 43.28 49.85 110K 225K 42.22
Buy Not Hit.
LM 05/06 Cup hdl 85 +0.57 58.5 67.78 690K 610K 82.92
Current. Nice lateral move below 85 and above the 10 day MVA
as it consolidates for the next move higher, hanging
onto its gains as it does.
LOUD 10/23 Flat 2.09 -0.52 2.75 3.78 7.2M 3.6M 2.48
Exited. Gapped below the 50 day MVA on strong volume and sold,
not trying to bounce.
MDS 11/09 Cup 13.9 +0.4 14.08 17 323K 120K 13.36
Buy Not Hit.
MIK 11/04 A Wedge 49.35 +1.5 49 58.74 705K 873K 47.32
Current. Very nice break higher, riding the solid Thursday volume
with an above average volume session of its own.
MIPS 11/01 A Wedge 6.01 +0.18 5.22 6.55 426K 291K 5.48
Current. Simply an outstanding move last week.
MOBE 09/15 Cup hdl 11.51 -0.26 8.7 10.88 1.5M 810K 10.88
Current. Excellent surge Wednesday led to some backing and filling
Thursday and Friday.
MSCC 10/28 Rv H&S 22.28 +0.08 20.58 24.72 179K 480K 21.21
Buy Not Issued. Got away from us last week, but moving laterally at
22. On a test of 21.31 & a bounce it is a buy.
NEXM 10/14 Cup hdl 4.91 -0.07 5.03 6.28 129K 292K 4.84
Current. Struggling to hold the 18 day MVA. Moved up the stop
and ready to bail.
NSM 09/17 BO 43.73 -0.32 35.35 42 3.3M 5M 41.72
Current. A nice rise up the 10 day MVA last week as NSM continues
to show excellent relative strength.
NTE 10/18 Test 18 35.4 -0.07 34.4 41.25 1.1M 1.2M 34.74
Current. Struggling to hold the 10 day MVA.
NVLS 10/28 Test 50 43.7 -1.33 39.84 47.75 7.3M 9.5M 42.38
Current. Excellent move last week but reversed Friday on some
rising volume. Still solid, but dont want it to get
away from us.
NXG 10/15 Cup 1.97 +0.06 1.89 2.48 1.4M 684K 1.92
Current. Gapped sharply lower, sold further, and then rallied
furiously on rising volume to retake the 18 day on
teh close.
ORLY 08/19 Flat 42.93 -0.52 39.48 47.05 216K 350K 42.35
Current. Moved laterally all week, holding over the 10 day MVA.
It is consolidating the blast higher off the 50 day
MVA that started in late October. Still moving nicely,
setting up for the next move.
PIR 11/09 Test BO 25.61 -0.24 25.25 30.35 1.5M 1.6M 23.98
Buy Not Hit.
PKI 10/09 DB hdl 17.8 -0.27 18.12 21.65 488K 1.1M 17.42
Buy Not Issued. Coming back for the test of the break higher, holding
over the 18 day MVA on low volume. A move back over
18 is teh buy point.
PLXT 11/03 A Wedge 10.1 -0.25 8.81 10.96 229K 222K 8.94
Current. Excellent breakout and run though it stalled some Friday
and fell on lower volume.
PSSI 11/06 Cup hdl 9.94 -0.15 10.26 12.95 590K 779K 9.55
Buy Not Hit. Still a solid pattern as it approached the breakout
point but could not quite make the move.
QCOM 11/05 Test BO 48.04 +1.38 48.12 57.25 14M 14M 45.72
Buy Not Hit. Nice volume move off the breakout test when much of
the market was selling back.
RI 09/30 Cup hdl 28.6 +0.39 27.72 33 265K 750K 27.54
SBUX 07/30 Cup 32.53 +0.01 30.35 36.75 2.8M 6M 30.96
Current.
SBUX 07/01 Cup 32.53 +0.01 26.3 30.94 2.8M 6M 30.96
Current. Nice week, breaking out of its doldrums and starting
a new run up the 10 day MVA.
SINA 10/24 Test 50 38.68 +0.46 41.55 50 12M 15M 39.42
Current.
SINA 09/09 Cup 38.68 +0.46 36.15 41 12M 12M 37.55
Current. Fell back to the 50 day MVA, but showed a nice tight
doji on that level Friday as volume shot higher. Looks
ready to mve the next move up.
SINA 08/18 Test 50 38.68 +0.46 32.2 38.25 12M 10M 37.55
Current.
SOHU 10/24 Dbl btm 34.5 +1.21 37.69 45 4M 9M 34.85
Current. Rallied back up to the 50 day MVA. Needs to break
back over 35.
STLW 11/04 DB hdl 6.61 +0.08 6.37 7.95 152K 132K 6.28
Current. Nice week and it finished strong on an above average
shot of volume.
SYK 09/20 Flat 81.5 -0.78 78.97 90.25 373K 1.1M 80.99
Current. Trying to make the break higher but continues to run
into 82.50 on the high and faltering.
SYMC 10/18 Flat 67.53 -1.29 67.88 77.94 2.4M 5M 66.72
Current. Cannot get over 70, falling back to the 10 day MVA
after spending a week trying to break over that level.
Moved up the stop.
TARO 10/08 Cup hdl 67.35 -0.15 61.51 73 126K 501K 65.32
Current. Nice week as it still worked higher up the 10 day MVA.
TIWI 10/16 Cup hdl 8.37 +0.39 5.57 7 2.1M 350K 7.55
Current. Outstanding move last week on surging volume. Very
nice run.
TSCO 07/29 Test BO 42.27 -0.24 28.06 31.44 330K 494K 40.94
Current.
TSCO 07/05 Test 50 42.27 -0.24 26.62 30 330K 500K 40.94
Current.
TSCO 06/03 Rv H&S 42.27 -0.24 23.42 27.62 330K 603K 40.94
Current. Getting a bit choppy at 44 & looks ready to test the
18 day MVA.
TSCO 04/24 Cup hdl 42.27 -0.24 21.88 26 330K 603K 40.94
Current.
TSCO 04/03 Rv H&S 42.27 -0.24 19.3 22.19 330K 577K 40.94
Current.
TVIA 11/04 Cup hdl 2.25 +0.03 2.38 3.09 100K 219K 2.18
Buy Not Issued. Tried the breakout last week but could not hold it
on several tries. Very volatile as it tries the beak
higher, not the best sign that the sellers are cleared
out and thus allowing the stock to run when it breaks out.
TXN 10/23 Test BO 30.92 +0.13 27.65 33.18 12M 18M 29.48
Current. Continues its excellent run up the 10 day MVA. Just
letting it run.
UOPX 11/03 Test 50 70 -1.1 71.12 84 169K 315K 68.72
Current.
UOPX 10/25 Test 50 70 -1.1 68.95 82 169K 315K 68.42
Current. Blasted off the 50 day MVA to start the week, but spent
the last four days pulling back to test the move. Held
the 18 day, and that is where we want to see it recover.
URBN 10/18 Rv H&S 35.07 +0.08 33.61 40 694K 953K 33.34
Current. Nice recovery on the retail sales data, surging Thursday
on strong volume. Friday it held steady as the market sold.
VAR 10/28 Cup hdl 65.84 -0.41 64.5 74.25 306K 1.1M 64.12
Current. After the big move it is working laterally on very
low, below average volume.
VARI 11/03 Cup hdl 40.22 +0.39 39.21 46.88 766K 260K 37.97
Current. Massive break higher Thursday adn edged higher Friday.
Great move.
VRSN 11/03 Rv H&S 17.07 +0.16 16.78 20.15 3.2M 5.5M 16.35
Current. Nice surge Monday and it continued the rally until
taking some off late in the week. Still very solid.
VRTS 10/04 Test 50 38.9 +0.29 35.77 42.88 6.5M 1M 37.25
Current. Continuing the the move up over the 10 day MVA. Very
nice break and run.
XLNX 11/01 DB hdl 34.04 +0.23 32.68 38.68 5.5M 11M 32.94
Current. Excellent break higher Monday and then ran through
the rest of the week.
ZMH 08/09 Test BO 65.08 -0.25 51.12 59.55 790K 3M 63.55
Current. Continues its impressive run up the 10 day MVA.
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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