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us stock market, stock recommendation
Begin part 2 of 2
THE PLAYS
In each report we prepare full write-ups for those plays that look ready to move. Those that have made the move or are still setting up are discussed in the continuing play table. The purpose is to focus on those stocks that are set to move.
Good movers Wednesday: APOL; DGX; NMGA; UOPX
NEW PLAYS: This section includes plays from all sections other than pre-announcements. Those are contained in the pre-announcement section.
New Post-Split:
Play Date: 02/04/2004
ERES (Eresearch Tech--$35.56; +1.52; optionable): Medical labs. A leader
http://biz.yahoo.com/p/e/eres.html
STATUS: Testing the breakout. ERES has made us good money in the past, and in this market selling it is holding up well, moving more or less laterally over the 18 day MVA (33.48) on mostly lower volume. Gapped higher on volume Wednesday on some once again strong earnings news. After this market softness it looks ready to make the next break higher. Solid 4 to 1 accumulation (4 up price weeks on rising volume to 1 down price week on rising volume) shows the big money hanging in with it during the 13 week double bottom base. Looks super and relative strength is ready to breakout, an indication it continues to outperform the market.
Volume: 3.068M Avg Volume: 1.455M
BUY POINT: $36.45 Volume=2.2M Target=$43.75 Stop=$34.22
POSITION: UDB FG - June $35c (58 delta) &/or Stock
http://www.investmenthouse.com/cs/eres.html
Downside:
Play Date: 02/04/2004
HUM (Humana--$22.19; +0.49; optionable): Health care plans
http://biz.yahoo.com/p/h/hum.html
STATUS: Put. Strong run up the 50 day MVA (22.15) in 2003, but has started to get volatile the past month and needs to form a base. It tanked through the 50 day this week on a big volume spike as earnings were a disappointment. Wednesday it fought back, rallying over the 50 day on the high but then backing off to close at that level. Looking for it to turn back down here and fall to the recent January low.
Volume: 2.63M Avg Volume: 1.281M
BUY POINT: $21.96 Volume=1.9M Target=$20 Stop=$22.55
POSITION: HUM OX - Mar. $2.50p (-50 delta)
http://www.investmenthouse.com/cs/hum.html
Play Date: 02/04/2004
^OEX (OEX Options--$558.87; -4.49; optionable)
http://biz.yahoo.com/p/^/^oex.html
STATUS: Put. Starting to fade below the 18 day MVA (560.77) on rising, above average volume after a week long lateral move. It is a tight play, but plenty of room down to the simple 50 day MVA (545) to make a solid 40+%.
Volume: 1.62M Avg Volume: 1.35M
BUY POINT: $558.76 Volume=1.3M Target=$546 Stop=$561
POSITION: OEB OL - Mar. $560p (-49 delta)
http://www.investmenthouse.com/cs/^oex.html
Continuing Leader Plays
Play Date: 01/31/2004
JNPR (Juniper Networks--$28.17; -0.06; optionable): Networking
http://biz.yahoo.com/p/j/jnpr.html
STATUS: Testing breakout. Despite the CSCO news and the selling, JNPR held up well. It gapped lower, but then rallied on stronger volume to close basically flat and holding the 10 day MVA (28.05). That is a sign of true strength. Once this selling abates we expect JNPR to resume its move, but want to see the volume.
Volume: 17.571M Avg Volume: 10.571M
BUY POINT: $29.48 Volume=15M Target=$35.45 Stop=$27.48
POSITION: JUX GF - July $30c (50 delta) &/or Stock
http://www.investmenthouse.com/cs/jnpr.html
CONTINUING PLAYS
* * SPREADSHEET DOWNLOAD * * *
The following link is to a spreadsheet download of the continuing play table. It will allow subscribers to sort the data for your personal investment use. This is a service to our subscribers only, and no other use of the information is authorized. Simply click on the link, enter your username and password, and download the spreadsheet!
http://investmenthouse.com/ssr/table.php
You will need your password. If you need help click on this link and our automated system will email it to you immediately once you fill in your email address:
http://www.investmenthouse.com/rescue/rescue.php3
LEGEND FOR CONTINUING PLAY TABLE
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; 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
ABTL 01/31 Rv H&S 11 -0.8 12.83 15.45 511K 775K 11.89
Current.
AGN 01/13 Cup hdl 85.89 -0.21 84.46 94 1.6M 1.2M 81.68
Current.
ANPI 01/22 Dbl btm 27.33 -1.54 26.06 29.89 801K 528K 24.58
Current.
APOL 01/24 Test 18 76.44 +1.52 73.25 82 1.9M 3M 71.94
Buy Not Issued.
APOL 12/01 DB hdl 76.44 +1.52 70.72 82 1.9M 2.9M 71.94
Current.
APOL 11/22 DB hdl 76.44 +1.52 66.54 82 1.9M 2.9M 71.94
Current.
ASKJ 01/04 Test 50 21.06 -0.3 20.88 24.95 1.3M 3.7M 21.48
Current.
ATYT 01/06 Flat 15.39 -0.71 16.92 20.21 3.1M 3.9M 15.88
Exited.
BCR 12/17 Rv H&S 93.96 -0.17 80.93 92.95 528K 500K 89.38
Current.
BRL 02/03 Rv H&S 75.3 -0.72 77.04 88.55 1M 1.1M 75.35
Buy Not Hit.
CALM 01/29 Cup hdl 36.85 +0.33 36.62 43.75 559K 650K 34.06
Current.
CANI 01/20 Flat 13.35 -0.84 15.98 19 343K 477K 14.86
Exited.
CBST 01/26 Test BO 13.04 -0.82 14.68 18.58 669K 725K 13.65
Buy Not Hit. Stock fell on stronger volume. The stock has not made the move we were looking for so will drop, but will keep our eye on it.
CCRN 02/03 Test 18 18.03 -0.71 19.06 22.88 172K 430K 18.08
Buy Not Hit.
CDIC 01/26 Flat 6.21 -0.11 7.09 8.55 151K 418K 6.48
Buy Not Hit.
CENT 01/22 Test BO 31.88 -1.37 33.05 39 207K 200K 32.94
Current.
CHINA 01/08 Flat 9.85 -0.57 11.84 14.32 4.7M 5.1M 10.98
Exited.
CHT 01/22 Cup hdl 15.75 -0.17 15.75 18.92 554K 1.1M 15.55
Current.
CORI 01/23 Rv H&S 6.4 -1.49 7.75 9.39 4.9M 1.2M 7.05
Current.
DFIB 01/15 Cup hdl 4.75 -0.27 5.15 6.12 912K 1.2M 4.79
Current.
DGX 01/06 Test BO 85.42 +1.02 73.88 84.85 1.1M 1.2M 79.98
Current.
DNA 01/03 Test BO 96.19 -0.41 95.44 102 1.9M 3M 93.88
Current.
DVA 01/21 A Wedge 41.06 -0.4 40.12 46 307K 504K 39.08
Current.
EBAY 08/02 PreSplt 65.48 +0.41 53.78 60 6.9M 9M 64.96
Current.
EBAY 03/08 BO 65.48 +0.41 40.04 46 6.9M 8M 64.96
Current.
ELAB 01/22 BO 57.63 +0.44 57.94 66.65 281K 499K 54.88
Buy Not Issued.
EONC 01/08 Test 18 3.4 -0.51 4.12 5.18 230K 240K 3.93
Exited.
ETN 01/31 Test 18 116.1 +1.00 116.88 123.5 1M 900K 116.32
Buy Not Issued.
FOSL 01/20 DB hdl 28.36 -0.69 29.92 35 162K 300K 28.32
GEMS 01/27 Test BO 3.5 -0.34 4.04 5.25 596K 1.4M 3.92
Buy Not Hit. Thudded down below the 18 day MVA on stronger above average volume. The stock has not made the move were are looking for so will drop, but will keep our eye on it.
GGG 12/20 FlyPlat 40.01 -0.2 41.68 49.94 194K 200K 39.88
Buy Not Issued.
GPRO 11/12 Cup hdl 35.6 -0.95 30.85 36.95 558K 1.1M 36.32
Current.
IDEV 01/13 Flat 6.49 -0.46 7.25 8.72 485K 500K 6.78
Exited.
IDXX 02/02 DB hdl 50.36 +0.26 50.22 58 317K 500K 48.42
Buy Not Issued.
IGT 09/16 Rv H&S 36.49 -0.81 29.05 34.55 1.6M 4.7M 36.28
Current.
IRM 01/17 Test BO 40.97 -0.03 42.22 50.72 126K 492K 41.25
Buy Not Hit.
JADE 02/03 DB hdl 5.23 -0.33 5.68 7.12 163K 242K 5.28
Buy Not Hit.
JNPR 01/31 Test BO 28.17 -0.06 29.48 35.45 18M 15M 27.48
Buy Not Hit.
KSWS 12/09 Test 18 24.62 -0.74 23.65 27.06 610K 200K 26.18
Current.
KSWS 11/19 Test BO 24.62 -0.74 22.36 25.5 610K 225K 26.18
Current.
LEA 01/10 Cup hdl 62.35 -1.18 66.56 76.55 700K 680K 61.9
LXK 12/30 Rv H&S 84.12 -0.18 84.55 92.94 1.1M 2M 81.44
Buy Not Issued.
MBG 11/18 Cup hdl 46.51 -0.64 44.3 53 639K 1.8M 46.19
Current.
MBT 01/03 Cup 97.12 -2.38 88.39 99.95 294K 412K 94.97
Current.
MGAM 01/10 Test BO 43.33 -0.6 46.14 53.18 191K 862K 44.64
Current.
MSCC 01/29 Test BO 28.58 -1.44 30.88 35.55 645K 700K 29.88
Buy Not Issued.
NANX 01/27 Test BO 10.97 -0.93 14.28 17.06 678K 1M 12.67
Exited.
NATI 01/22 FlyPlat 47.5 -1.23 50.35 57 165K 300K 48.22
Exited.
NFLX 01/29 Test 18 69.65 -2.25 72.78 80 2M 5M 69.88
Current.
NGEN 01/27 Test BO 11.28 -1.21 14.18 16.98 4M 5M 12.12
Exited.
NMGA 01/24 A Wedge 56.69 +1.04 55.39 63.75 160K 254K 53.48
Buy Not Hit.
NSIT 02/03 Test 50 21.25 -0.75 22 26 289K 730K 20.46
Current.
OTEX 01/05 Flat 26.3 -0.53 21.33 25.48 434K 650K 24.32
Current.
SBUX 07/30 Cup 36.86 +0.39 30.35 36.75 3.2M 6M 34.68
Current.
SBUX 07/01 Cup 36.86 +0.39 26.3 30.94 3.2M 6M 34.68
Current.
SEAC 01/24 Test BO 18.47 -1.51 19.77 23.58 661K 600K 19.22
Current.
SLAB 01/31 Cup hdl 49.29 -0.28 51.64 58 1.1M 1.9M 48.72
Buy Not Hit.
SNUS 01/13 Test BO 7.45 -0.45 7.69 9.22 47K 175K 7.15
Current.
SONC 01/10 Test BO 32.3 -0.82 34.28 41 183K 562K 32.68
Buy Not Issued.
SPIL 01/10 Cup hdl 5.72 -0.23 5.84 7.35 1.1M 1.9M 5.78
Current.
SPPI 01/21 Rv H&S 8.43 -0.26 10.02 12.12 118K 281K 9.32
Current.
STJ 01/13 Cup hdl 71.41 -0.5 64.68 75 1.6M 2.2M 69.88
Current.
STRA 01/31 Test 18 113.61 -0.62 113.55 125 79K 125K 111.98
Buy Not Issued.
SYK 12/29 A Wedge 89.57 +0.03 88.75 100 517K 745K 87.45
Current.
TIVO 01/31 Cup 10.98 -0.09 11.16 13.35 2.6M 4.5M 10.38
Current.
TOL 01/27 Cup hdl 38.62 -1.23 42.62 51 796K 1.2M 40.42
Buy Not Hit.
TSCO 01/24 Cup 40.78 -0.6 45.22 55 412K 719K 42.05
Buy Not Hit.
TSCO 07/29 Test BO 40.78 -0.6 28.06 31.44 412K 494K 39.88
Current.
TSCO 07/05 Test 50 40.78 -0.6 26.62 30 412K 500K 39.88
Current.
TSCO 06/03 Rv H&S 40.78 -0.6 23.42 27.62 412K 603K 39.88
Current.
TSCO 04/24 Cup hdl 40.78 -0.6 21.88 26 412K 603K 39.88
Current.
TSCO 04/03 Rv H&S 40.78 -0.6 19.3 22.19 412K 577K 39.88
Current.
TTMI 01/05 Rv H&S 15.91 -1.28 18.75 22.72 771K 725K 18.65
Exited.
UOPX 11/03 Test 50 81.35 +1.84 71.12 84 225K 315K 75.72
Current.
UOPX 10/25 Test 50 81.35 +1.84 68.95 82 225K 315K 75.72
Current.
VANS 02/02 DB hdl 12.5 -0.13 13.06 15.62 142K 250K 12.15
Buy Not Hit.
VAR 10/28 Cup hdl 84.85 -0.3 64.5 74.25 1.4M 1.1M 78.62
Current.
VCLK 01/24 Test BO 9.89 -0.42 10.94 13.18 1M 1.8M 10.25
Exited.
VIP 01/03 Test BO 72.2 -4.73 73.34 85 1.2M 615K 74.78
Current.
VRNT 02/02 Cup hdl 25.01 -1.02 26.12 31.35 262K 250K 24.29
Buy Not Issued.
VTIV 01/03 A Wedge 10.61 +0.13 9.69 11.68 731K 238K 10.18
Current.
WGO 01/17 Flat 69.7 -1.16 73.38 79 149K 325K 72.21
Current.
WMS 11/21 Dbl btm 28.1 -0.4 25.83 31.22 576K 650K 27.72
Current.
WWCA 01/29 Test BO 22.47 -0.28 22.62 27.15 1.1M 2M 21.68
Buy Not Issued.
ZIGO 01/28 Cup hdl 17.96 -1.09 20.55 24.68 196K 288K 19.11
Buy Not Hit.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AFCO 01/28 Put 33.25 -1.25 33.06 30.38 73K 305K 35.25
Current.
HAR 02/03 Put 70 -0.2 69.35 65.92 566K 1M 71.72
Current.
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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us stock market
stock recommendation
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