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trade stock, stock split
Begin part 2 of 2
THE PLAYS
Good movers Wednesday: GTK; IGT; STN; SYMC; TTP; BWA
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.
NEW PLAYS: This section includes plays from all sections other than pre-announcements. Those are contained in the pre-announcement section.
Leader plays: May not turn into split plays, but solid technical patterns.
Play Date: 03/24/2004
ESRX (Express Scripts--$72.99; -0.01; optionable): Mail order prescription service
http://biz.yahoo.com/p/e/esrx.html
STATUS: Cup w/handle. This one could turn into a pre-announcement play for us. Forming the handle to a big 9 month base sporting strong 10 to 6 accumulation (10 up weeks on rising volume to 6 down price weeks on rising volume). It has eased back the past three weeks on lower volume. Trade surged well above average Wednesday as the stock held some price support at 72.50 and showed a doji. Nice base, and we are just going to wait for the stock to make the breakout move on strong trade.
Volume: 1.944M Avg Volume: 940.5K
BUY POINT: $75.24 Volume=1.4M Target=$86 Stop=$71.95
POSITION: XTQ HO - Aug. $75c (46 delta) &/or Stock
http://www.investmenthouse.com/cs/esrx.html
Play Date: 03/24/2004
NVDA (Nvidia--$23.08; +0.99; optionable): Semiconductors (sound, etc.)
http://biz.yahoo.com/p/n/nvda.html
STATUS: Double bottom. NVDA is working on a 10 week pattern that is trying to form up into a double bottom. It tested to 22 in late January, bounced to 24, then sold to the 200 day MVA (20.87) on the second leg, undercutting the first. It has moved up off that level, showing a good spike Wednesday as volume moved solidly above average. Excellent 4 to 0 accumulation (4 up price weeks on rising volume to 0 down price weeks on rising volume) at this stage of the base is very good. So good we are willing to start at least a partial position on another solid volume move through the buy point.
Volume: 6.561M Avg Volume: 4.534M
BUY POINT: $23.38 Volume=6M Target=$28 Stop=$22.05
POSITION: UVA FX - June $22.50c (59 delta) &/or Stock
http://www.investmenthouse.com/cs/nvda.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://stocksplits.net/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.
PLAY STATUS: Buy not hit (stock has not hit buy point); Buy not issued (stock has hit buy point but did not enter due to weak volume, poor intraday action, poor market action); Current (ongoing play already entered); Entered today (entered the play that session); Exited (closed the position); Target hit (play hit initial target; will note if took all or partial gain or let run further); Trailing stop (exited using a trailing stop loss).
Upside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ACV 03/23 FlyPlat 44.08 -0.43 45.62 52 271K 700K 44.12
Buy Not Hit.
APOL 01/24 Test 18 84.83 +0.84 73.25 82 1.7M 3M 80.22
APOL 12/01 DB hdl 84.83 +0.84 70.72 82 1.7M 2.9M 80.22
Current.
APOL 11/22 DB hdl 84.83 +0.84 66.54 82 1.7M 2.9M 80.22
Current.
APPB 03/13 Test BO 39.87 -0.07 40.55 46.78 310K 739K 39.35
Buy Not Hit.
ARO 03/11 Test 50 33.84 -0.09 34.97 39.52 623K 989K 34.22
Current.
BCR 12/17 Rv H&S 93.11 -0.91 80.93 92.95 338K 500K 93.88
Current.
BMET 02/28 Test 50 37.9 0 40.22 47 1.7M 2M 38.88
Buy Not Hit.
BR 02/28 Test 50 58.76 -1.14 59.88 63.78 1.4M 1.5M 60.48
Exited.
CALM 01/29 Cup hdl 38.58 +0.46 36.62 43.75 258K 650K 37.72
Current.
CDWC 03/06 Test BO 65.05 -0.76 70.12 82 1.2M 1.2M 67.72
Buy Not Hit.
CEC 02/21 Cup hdl 34.93 -0.27 34.96 38.23 347K 272K 36.68
Current.
CFC 03/23 Test 18 91.2 -0.3 92.25 97.25 1.8M 2.8M 89.95
Buy Not Issued.
CHS 02/24 Test BO 43.57 +0.66 46.22 53.15 1.1M 1.1M 44.04
CHT 01/22 Cup hdl 17.18 -0.09 15.75 18.92 266K 1.1M 17.06
Current.
CLZR 03/13 Test BO 12.76 -0.22 14.15 16.98 222K 308K 13.22
Current.
CMRG 03/18 Cup hdl 9.09 +0.07 9.38 11.22 271K 585K 8.72
Buy Not Issued.
CNMD 03/23 Test 50 27.17 -0.69 28.42 34 134K 240K 27.18
Buy Not Hit.
COH 02/28 DB hdl 40.44 +0.57 41.66 47.88 1.1M 2.5M 40.96
Current.
DCOM 02/28 Flat 19.81 -0.29 32.17 37 136K 200K 30.45
Buy Not Hit.
DGX 03/20 Cup hdl 81.25 -0.95 85.97 100 420K 973K 81.72
Buy Not Hit.
DNA 03/13 Test BO 102.88 +2.06 108.12 118 2.8M 4M 104.95
Buy Not Hit.
DNA 01/03 Test BO 102.88 +2.06 95.44 102 2.8M 3M 105.12
Current.
DWCH 03/16 Test BO 9.89 -0.11 10.92 13.15 34K 175K 10.16
Buy Not Hit.
EAT 03/09 Test BO 37.13 -0.35 39.06 46.88 488K 950K 37.88
Buy Not Hit.
EBAY 03/06 Flat 66.24 +0.7 71.78 82.25 7.9M 10M 68.15
Current.
EBAY 08/02 PreSplt 66.24 +0.7 53.78 60 7.9M 9M 67.48
Current.
EBAY 03/08 BO 66.24 +0.7 40.04 46 7.9M 8M 67.48
Current.
ENCY 03/08 Cup 9.26 -0.22 10.78 12.95 255K 917K 9.94
Buy Not Hit.
EVCI 02/18 Test BO 11.48 +0.16 8.68 10.39 78K 228K 10.04
Current.
FINL 03/16 Test 50 33.59 +0.14 34.48 39.85 369K 661K 33.58
Buy Not Issued.
FOSL 03/13 Test BO 32.45 -1.03 33.82 39 321K 310K 32.35
Buy Not Issued.
GTK 03/18 Test 50 57.92 +1.34 58.55 66.78 1.2M 904K 56.04
Entered today.
HOV 03/11 Cup hdl 85.77 +0.75 88.75 99 764K 1.4M 85.22
Buy Not Issued.
HUG 03/02 Flat 48.99 -0.78 50.62 58.25 210K 314K 50.62
IDSA 03/16 Test BO 26.77 -0.57 29.22 35 280K 2M 27.17
Buy Not Issued.
IDXX 02/02 DB hdl 54.55 +0.33 50.22 58 161K 500K 53.54
IGT 03/24 BO 44.17 +2.71 44.25 66.78 9.1M 3M 41.15
Entered today.
IGT 09/16 Rv H&S 44.17 +2.71 29.05 34.55 9.1M 4.7M 40.88
Current.
INTV 03/08 Flat 14.98 +0.03 13.91 16.85 413K 500K 13.94
Current.
JAH 03/16 Test 18 32.73 -0.51 35.64 42 102K 301K 33.94
Exited.
JOSB 03/13 Test BO 36.7 +0.73 39.48 45.45 99K 500K 36.72
Buy Not Issued.
KFY 03/18 Cup hdl 14.56 -0.04 14.46 17.35 154K 300K 13.52
Current.
LM 02/07 FlyPlat 87.3 -1.04 92.24 102 320K 550K 89.94
Exited.
LTD 03/22 Test 50 19.54 -0.15 19.68 23.62 3.8M 3.9M 18.88
Buy Not Issued.
LXK 12/30 Rv H&S 87.71 -0.93 83.65 94 1.3M 2M 86.12
Current.
MAMA 03/16 Test BO 10.78 -0.44 10.04 13.12 4.4M 6M 9.32
Current.
MBG 11/18 Cup hdl 53.79 +0.93 44.3 53 611K 1.8M 52.92
Current.
MBT 01/03 Cup 112.62 -2.38 88.39 99.95 274K 412K 110.68
Current.
MIK 02/21 Cup hdl 46.77 -0.53 48.44 55.72 230K 815K 46.22
Buy Not Issued.
NCEN 03/06 A Wedge 46.37 -1.83 51.52 61 1.8M 1.2M 48.24
Buy Not Issued.
NUS 03/02 Test 50 19.03 -0.93 21.08 25.15 249K 455K 19.91
Current.
OCR 03/15 Test 50 41.94 -1.45 44.88 49.38 616K 743K 43.94
Buy Not Issued.
OSI 02/07 Test 50 48.02 -0.27 48.68 51.96 428K 650K 47.68
Current.
PD 03/11 Test 50 77.77 -0.81 83.32 91 4.3M 3M 82.34
Exited.
PDCO 03/09 Flat 67.01 -0.23 70.12 81 343K 759K 66.65
Buy Not Issued.
PDQ 03/23 Test BO 11.16 -0.04 11.52 13.85 122K 350K 10.94
Buy Not Hit.
PG 03/13 Test BO 103.02 -0.34 104.92 115 2.9M 4.2M 103.25
Buy Not Issued.
PSUN 03/06 Test 50 22.98 -0.03 25.04 30 789K 2.4M 24.15
Buy Not Hit.
QCOM 02/25 Test BO 62.21 +0.62 63.03 72 8.6M 11M 63.12
Current.
RVI 03/20 Test BO 6.65 -0.12 7.12 8.98 64K 155K 6.72
Buy Not Hit.
SBUX 03/22 Test 50 36.98 +0.18 37.52 45 4M 4.5M 36.25
Buy Not Hit.
SBUX 07/30 Cup 36.98 +0.18 30.35 36.75 4M 6M 37.32
Current.
SBUX 07/01 Cup 36.98 +0.18 26.3 30.94 4M 6M 37.32
Current.
SLAB 01/31 Cup hdl 50.13 +0.63 51.12 58 1M 1.9M 54.22
Current.
SONC 01/10 Test BO 34.05 -0.44 35.04 43 707K 562K 33.72
Buy Not Issued.
SPAB 02/10 A Wedge 3.97 +0.15 3.49 4.35 362K 451K 3.68
Current.
STJ 01/13 Cup hdl 70.2 -1.25 64.68 75 1.1M 2.2M 74.55
Current.
STN 03/11 Test BO 42.7 +3.6 42.49 49 883K 550K 39.52
Entered today.
SUMT 03/24 Cup hdl 7.6 -0.27 6.75 8.12 93K 100K 6.28
Current. CLKS was merged into SUMT.
SYK 12/29 A Wedge 87.26 -0.47 88.75 100 568K 745K 89.11
Exited.
SYMC 02/05 FlyPlat 43.02 +1.02 40.94 46.88 7.5M 6M 42.48
Current.
TASR 02/10 Test BO 61.8 +0.61 45.88 54.55 2.9M 1M 55.02
Current.
TOL 01/27 Cup hdl 44.07 -0.44 42.71 51 834K 1.2M 44.68
Current.
TSCO 01/24 Cup 38.63 -0.41 45.22 55 195K 719K 42.05
Buy Not Hit.
TSCO 07/29 Test BO 38.63 -0.41 28.06 31.44 195K 494K 42.65
Current.
TSCO 07/05 Test 50 38.63 -0.41 26.62 30 195K 500K 42.65
Current.
TSCO 06/03 Rv H&S 38.63 -0.41 23.42 27.62 195K 603K 42.65
Current.
TSCO 04/24 Cup hdl 38.63 -0.41 21.88 26 195K 603K 42.65
Current.
TSCO 04/03 Rv H&S 38.63 -0.41 19.3 22.19 195K 577K 42.65
Current.
TTP 03/18 Test 18 5.4 +0.43 5.46 6.72 325K 300K 4.98
Entered today.
TTP 03/01 Test 50 5.4 +0.43 4.59 5.55 325K 342K 4.81
Current.
UHCO 03/20 Test BO 11.56 -0.38 12.25 14.72 119K 315K 11.39
Buy Not Hit.
ULTI 02/09 Cup hdl 13.79 -0.21 11.38 13.62 410K 120K 13.02
Current.
UOPX 11/03 Test 50 81 -0.47 71.12 84 172K 315K 80.55
Current.
UOPX 10/25 Test 50 81 -0.47 68.95 82 172K 315K 80.55
Current.
VAR 03/03 Flat 83.53 -1.32 88.11 100 502K 750K 85.62
Current.
VAR 10/28 Cup hdl 83.53 -1.32 64.5 74.25 502K 1.1M 85.62
Current.
VIP 01/03 Test BO 88.43 -0.16 73.34 85 359K 615K 87.54
Current.
WMI 03/17 A Wedge 28.47 -0.24 30.25 36.32 1.9M 2.8M 28.13
Buy Not Hit.
WWCA 03/20 Pennant 22.18 -1.09 26.12 31.35 2.4M 2.5M 24.68
Buy Not Hit.
XTO 03/11 Test BO 23.92 -1.03 25.68 29.58 1.7M 1.2M 24.44
Buy Not Issued.
ZBRA 03/06 Test 50 67.77 +0.23 70.88 84 226K 517K 69.42
Buy Not Issued.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AZO 03/10 Put 84.39 -0.54 84 81.28 673K 1.1M 83.66
Current.
BWA 03/20 Put 79.78 -1.52 83.12 80.05 294K 255K 85.25
Target 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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