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us stock market, stock split
Begin par 3 of 3
POST-SPLIT
Play Date: 01/22/2004
ANPI (Angiotech Pharmaceutical--$27.76; +0.79; optionable): Drugs. Split 1/30/2004
http://biz.yahoo.com/p/a/anpi.html
STATUS: Testing breakout. ANPI was surging for us to start February, but got sidetracked in the mid-week market selling. The selling was on lighter volume and it held over the 10 day MVA (26.78), however, and then Friday was jumping back up on rising, above average volume. That was a good showing of strength and it looks ready for additional positions. Strong money flow and a relative strength breakout. Looking to averaging up into this winner on another strong volume move.
Volume: 852.917K Avg Volume: 713.681K
BUY POINT: New: $27.92 (orig. $26.06) Volume=528K Target=$29.89 Stop=$26.62
POSITION: AUJ FJ - June $50c (58 delta) &/or Stock
http://www.investmenthouse.com/cs/anpi.html
Play Date: 02/04/2004
ERES (Eresearch Tech--$35.36; +0.35; optionable): Medical labs
http://biz.yahoo.com/p/e/eres.html
STATUS: Testing the breakout. ERES continues to work laterally over the short term MVA, showing a doji Friday over the 10 day MVA (34.67). That doji on the candlestick pattern tells us to be ready as ERES may be ready to make the break higher from this three week move that followed the breakout from an 11 week cup base in January. The stock has held up very well during the recent market selling, with a relative strength reading superior to other stocks. Just waiting for a high volume surge that holds toward the close.
Volume: 989.441K Avg Volume: 1.481M
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
Play Date: 02/05/2004
SYMC (Symantec--$39.96; +0.21; optionable): Internet security software
http://biz.yahoo.com/p/s/symc.html
STATUS: Flying plateau. Still working laterally over the 10 day MVA (39.14) on low, below average volume. This pattern is a consolidation pattern, and it is a pattern of strength as it shows no one wants to sell out of the stock, thus the tight, lateral move until it can catch its breath and break higher. SYMCE broke out of a 2 month flat base in January and rallied up to 40. It has spent the past 2 weeks moving laterally over the 10 day MVA on lower and lower, below average volume. SYMC is making a ton of money in computer protection business, and these patterns show a stock is very strong as it refuses to give up its gains. That is shown in the relative strength that broke out as it moved laterally. Just marking some time before it breaks higher and we move in.
Volume: 3.365M Avg Volume: 4.763M
BUY POINT: $40.32 Volume=6M Target=$46.48 Stop=$38.76
POSITION: SYQ GH - July $40c (53 delta) &/or Stock
http://www.investmenthouse.com/cs/symc.html
CONTINUING PLAYS
* * SPREADSHEET DOWNLOAD * * *
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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 12.93 +0.71 12.83 15.45 1.1M 775K 12.44
Current. Explosive move up the 10 day MVA on excellent volume surge.
AGN 01/13 Cup hdl 86.65 +1.59 84.46 94 1.1M 1.2M 84.58
Current. Explosive move on stronger above average volume.
ANPI 01/22 Dbl btm 27.76 +0.79 26.06 29.89 853K 528K 26.62
Current. Moving up on rising volume after testing the break out.
APH 02/05 Test 50 66.04 +1.4 65.25 72 141K 200K 63.68
Volume was below average but higher as APH jumped off
the 50 day MVA and cleared the short term MVA.
APOL 01/24 Test 18 77.44 +1.41 73.25 82 997K 3M 73.88
APOL 12/01 DB hdl 77.44 +1.41 70.72 82 997K 2.9M 73.88
Current. Continue to move up the 10 day MVA for a nice gain on low volume.
APOL 11/22 DB hdl 77.44 +1.41 66.54 82 997K 2.9M 73.88
Current.
ASKJ 01/04 Test 50 22.82 +1.18 20.88 24.95 1.4M 3.7M 21.92
Current. Nice move up but on low volume after testing the 50 day MVA.
AUO 02/05 DB hdl 15.3 -0.18 15.68 18.84 4.2M 2.3M 14.58
Buy Not Issued. Tapped 15.99 at the high, but gave it back on stronger above average volume. Still in good shape.
BCR 12/17 Rv H&S 92.9 -0.09 80.93 92.95 522K 500K 91.92
Current. Pull back testing the 10 day MVA and rallied showing a tight doji on above average volume. Testing the break out.
BRL 02/03 Rv H&S 79.51 +3.56 78.38 89.55 1.9M 1.1M 76.62
Nice earnings and FDA approval shot it higher with
a strong gap and run.
BRNC 02/05 A Wedge 3.45 -0.1 3.55 4.65 196K 112K 3.24
Current. Gapped up at the open, but reversed on much lower, but still above average volume. Still in uptrend.
CALM 01/29 Cup hdl 37.8 +1.27 36.62 43.75 801K 650K 34.98
Current. More volatile session with 36.42 at the low (10 day MVA) and 36.68 at the high. Made a nice move showing a doji on stronger above average volume. Doji may indicate a change in pattern.
CENT 01/22 Test BO 33.83 +2.25 33.05 39 277K 200K 32.84
Current. Explosive move on strong volume surge. Moving up after testing the break out.
CHT 01/22 Cup hdl 15.95 +0.05 15.75 18.92 300K 1.1M 15.55
Current. continue to move up the 10 day MVA on lower volume.
DGX 01/06 Test BO 84.89 +0.69 73.88 84.85 548K 1.2M 82.48
Current. Making a lateral move on low volume.
DNA 01/03 Test BO 96.52 +0.50 95.44 102 1.3M 3M 94.88
Current. Moving up the 10 day MVA on lower volume after making a lateral move.
DVA 01/21 A Wedge 40.6 +0.41 40.12 46 226K 504K 39.81
Current. Moving up holding above the 10 day MVA on below average volume after testing the break out.
EBAY 08/02 PreSplt 67.76 +0.53 53.78 60 4.9M 9M 65.96
Current. Tested the 10 day MVA and rallied up the 10 day on below average volume.
EBAY 03/08 BO 67.76 +0.53 40.04 46 4.9M 8M 65.96
Current.
ELAB 01/22 BO 58.66 +1.42 59.12 68 237K 499K 54.98
Buy Not Issued. Continue to move up the 10 day MVA on below average volume.
ERES 02/04 Test BO 35.36 +0.35 36.45 43.75 989K 2.2M 34.22
Buy Not Issued. Tested the 10 day MVA and rallied showing a tight doji on average volume. Still in good shape.
ETN 01/31 Test 18 118.38 +1.06 116.88 123.5 725K 900K 116.58
Continued the move up off of the 50 day MVA on some
expanding volume, clearing the 10 day MVA.
FOSL 01/20 DB hdl 29.05 +0.83 29.92 35 251K 300K 28.72
Nice move up on stronger above average volume holding above the 10 day MVA.
GGG 12/20 FlyPlat 41.05 +0.38 41.68 49.94 128K 200K 39.88
Buy Not Issued. Continue to move up on lower, but still above average volume after testing the break out.
GPRO 11/12 Cup hdl 37.5 +2.07 30.85 36.95 599K 1.1M 36.32
Current. Moving up for a nice gain on rising volume after testing the break out.
IDXX 02/02 DB hdl 51.93 +1.03 50.22 58 179K 500K 49.78
Volume has not been huge, but volume has been higher
as it moved higher last week.
IGT 09/16 Rv H&S 37.71 +1.14 29.05 34.55 1.6M 4.7M 36.62
Current. Bounced off the 18 day MVA for a nice gain on slightly below average volume. Moving up after testing the break out.
IRM 01/17 Test BO 41.75 +0.31 42.22 50.72 70K 492K 41.25
Buy Not Hit. Moving up the 10 day MVA on very low volume.
JADE 02/03 DB hdl 5.03 -0.01 5.68 7.12 78K 242K 5.28
Buy Not Hit. Tapped 4.80 at the low and rallied holding the 18 day MVA on very low volume. Making a lateral move.
JNPR 01/31 Test BO 29.47 +1.25 29.48 35.45 11M 15M 27.48
Buy Not Hit. Bounced off the 10 day MVA on below average volume after testing the break out.
LEA 01/10 Cup hdl 64.99 +0.82 65.26 76.55 279K 680K 63.98
Buy Not Issued. New buy point after 50 day MVA test.
LXK 12/30 Rv H&S 85.38 +0.85 85.95 94 776K 2M 82.12
Buy Not Issued. Continue to move up the 10 day MVA on low volume.
MBG 11/18 Cup hdl 48.36 +0.99 44.3 53 995K 1.8M 46.88
Current. Tested the 10 day MVA and rallied for a nice move on stronger volume.
MBT 01/03 Cup 99 +2.75 88.39 99.95 362K 412K 94.65
Current. Moving up for a nice move on stronger above average volume after stock tested the break out.
MGAM 01/10 Test BO 42.45 -1.39 46.14 53.18 496K 862K 44.64
Exited. Was not participating in the rally.
MSCC 01/29 Test BO 30 +1.33 30.88 35.55 648K 700K 29.88
Buy Not Issued. Moving up after testing the break out on above average volume.
NFLX 01/29 Test 18 76.63 +3.47 72.78 80 2.3M 5M 72.44
Current. Tested the 10 day MVA and rallied for a nice move up the 10 day MVA.
NMGA 01/24 A Wedge 57.74 +1.07 55.39 63.75 239K 254K 53.48
Finally gave the move on some strong volume.
NSIT 02/03 Test 50 22.64 +1.07 22 26 2.4M 730K 21.92
Current. Gapped up at the open for a great move showing a tight doji on very strong volume surge.
OLGC 02/05 Rv H&S 8.6 +0.40 8.46 10.15 996K 500K 7.82
Current. Another great move on stronger above average volume.
OTEX 01/05 Flat 27.8 +0.18 21.33 25.48 576K 650K 26.38
Current. Continue to move up the 10 day on average volume.
SBUX 07/30 Cup 37.25 +0.49 30.35 36.75 2.5M 6M 35.58
Current. Continue to move up the 10 day MVA on slightly below average volume.
SBUX 07/01 Cup 37.25 +0.49 26.3 30.94 2.5M 6M 35.58
Current.
SEAC 01/24 Test BO 19.6 +1.00 19.77 23.58 494K 600K 19.22
Current. Moving up with a great move on rising volume after testing the break out.
SLAB 01/31 Cup hdl 50.97 +2.07 51.12 58 3M 1.9M 48.76
Current. Bounced off the 10 day MVA for a good move on stronger above average volume. Moving up after testing the break out.
SNUS 01/13 Test BO 7.16 -0.2 7.69 9.22 151K 175K 7.15
Current. More volatile session with 6.89 at the low and 7.75 at the high. Pull back holding the 18 day MVA on stronger above average volume. Testing the break out.
SONC 01/10 Test BO 33.37 +0.72 33.68 41 217K 562K 32.62
Buy Not Issued. Moved the buy point lower as SONC comes off the 50 day MVA.
SPIL 01/10 Cup hdl 5.93 +0.17 5.84 7.35 1.1M 1.9M 5.78
Current. Break out of the lateral move holding the 10 day MVA. Still in good shape.
SPPI 01/21 Rv H&S 8.52 +0.27 10.02 12.12 94K 281K 9.32
Current. Up off the 50 day MVA so letting it bounce as far as
it will.
STJ 01/13 Cup hdl 74.29 +1.35 64.68 75 2.9M 2.2M 69.88
Current. Took some huge option gain but let some run as well
as the stock.
STRA 01/31 Test 18 117.25 +3.68 113.55 125 28K 125K 111.98
Buy Not Issued. Moving up the 10 day MVA on low volume. Did not enter the play because volume is not there.
SYK 12/29 A Wedge 89.76 +1.63 88.75 100 575K 745K 88.38
Current. Moving up but on much lower volume. Still in good shape.
SYMC 02/05 FlyPlat 39.96 +0.21 40.32 46.48 3.4M 6M 38.76
Buy Not Hit. Continue to move up the 10 day MVA on low volume.
TIVO 01/31 Cup 11.92 +0.32 11.16 13.35 2.7M 4.5M 10.88
Current. Making a nice move up the 10 day MVA on low volume.
TOL 01/27 Cup hdl 40.68 +1.32 42.62 51 1.6M 1.2M 40.42
Buy Not Hit. Gapped up at the open and continued to rally on above average volume.
TSCO 01/24 Cup 42.09 +0.95 45.22 55 468K 719K 42.05
Buy Not Hit.
TSCO 07/29 Test BO 42.09 +0.95 28.06 31.44 468K 494K 39.88
Current. Moving up on rising volume after testing the break out.
TSCO 07/05 Test 50 42.09 +0.95 26.62 30 468K 500K 39.88
Current.
TSCO 06/03 Rv H&S 42.09 +0.95 23.42 27.62 468K 603K 39.88
Current.
TSCO 04/24 Cup hdl 42.09 +0.95 21.88 26 468K 603K 39.88
Current.
TSCO 04/03 Rv H&S 42.09 +0.95 19.3 22.19 468K 577K 39.88
Current.
UOPX 11/03 Test 50 82.65 +1.86 71.12 84 148K 315K 78.98
Current.
UOPX 10/25 Test 50 82.65 +1.86 68.95 82 148K 315K 78.98
Current. Took some outstanding option gain on this new all-time
high.
VANS 02/02 DB hdl 12.59 +0.6 13.06 15.62 38K 250K 12.15
Buy Not Hit. Tested the 18 day MVA and rallied showing a doji on the 10 day MVA on very low volume. Making a lateral move.
VAR 10/28 Cup hdl 82.9 +0.6 64.5 74.25 975K 1.1M 79.55
Current. Gapped down at the open and rallied on above average volume. Beginning to make a lateral move.
VIP 01/03 Test BO 72.77 +1.26 73.34 85 952K 615K 74.78
Current. Held support at 70 and bounced on solid volume so we
are letting it rebound. Needs to clear 75 with some
authority (volume) this week.
VRNT 02/02 Cup hdl 25.65 +0.37 26.12 31.35 47K 250K 24.29
Buy Not Issued. Tested the 10 day MVA and rallied on low volume as stock moves up after testing the break out.
VTIV 01/03 A Wedge 10.55 +0.11 9.69 11.68 393K 238K 10.28
Current. Tested the 18 day MVA and rallied showing a tight doji on the 10 day MVA on above average volume. Making a lateral move.
WGO 01/17 Flat 72.3 +1.92 73.38 79 144K 325K 72.21
Current. Break out of the lateral move on slightly higher but still below average volume.
WMS 11/21 Dbl btm 28.65 +0.35 25.83 31.22 358K 650K 28.05
Current. Continue to move up on stronger above average volume after testing the 18 day MVA.
WWCA 01/29 Test BO 24.23 +0.93 23.06 27.72 4.2M 2M 22.37
Current. Nice move up the 10 day MVA on very strong volume surge.
ZIGO 01/28 Cup hdl 18.32 +0.77 20.55 24.68 137K 288K 19.11
Buy Not Hit. Bounced off the simple 50 day MVA and rallied tapping the 18 day MVA, but gave some back on average volume. Letting the stock continue to rally off the 50 day MVA.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
^OEX 02/04 Put 566.69 +6.45 558 546 0 1.3M 561.25
Current. Jumped through the short term MVA, closing at high,
but volume was low. Waited to see the rally fail Monday
& will look to add to positions when that happens.
AFCO 01/28 Put 36.51 +1.87 33.06 30.38 162K 305K 35.25
Exited. Continue to rally on rising volume.
AVID 02/05 Put 44.11 +1.11 44.45 40.35 417K 600K 45.25
Buy Not Hit. Making that low volume move to test the 200 day MVA,
and then when it fails we move in.
HAR 02/03 Put 72.35 +0.78 69.35 65.92 362K 1M 71.72
Current. Continue to rally holding above the 50 day MVA. May rally up to resistance at 73, but should turn over from there.
HUM 02/04 Put 22.44 +0.65 21.65 20 973K 1.9M 22.26
Current. Moving up holding below the simple 50 day MVA on very low volume. Needs to turn over from here on much lower, but still below 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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