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us stock market, trading system
Begin part 2 of 2
THE PLAYS
Good moves Wednesday: DAKT; LM
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 make us money.
NEW PLAYS:
New Leader Plays:
Play Date: 07/28/2004
CNCT (Connetics--$23.22; +0.78; optionable): Drugs
http://biz.yahoo.com/p/c/cnct.html
STATUS: Cup w/handle. Nice 23 week base has formed using the 200 day SMA (20.07) as support, a key support level where the institutions decide to hold or fold their positions. They held them, sending CNCT surging early this month on strong volume to complete the right side of the cup. It has spent the past 2 weeks easing back on mostly lower volume to test the 18 day EMA (22.32) on the low, forming an excellent handle. Wednesday it jumped higher on solid, above average, increasing volume. Positive accumulation in the base and excellent money flow is leading higher. Just going to let it cruise through the buy point on strong trade to move in.
Volume: 753.061K Avg Volume: 639.772K
BUY POINT: $23.92 Volume=960K Target=$27.04 Stop=$22.52
POSITION: UXU JX - Oct. $22.50c (63 delta) &/or Stock
http://www.investmenthouse.com/cS/cnct.html
Downside:
Play Date: 07/28/2004
BSX (Boston Scientific--$36.53; -1.07; optionable): Medical instruments
http://biz.yahoo.com/p/b/bsx.html
STATUS: Put. Gapped below the 200 day SMA (38.95) two weeks back on stint application trouble. It tanked further then rebounded this base week. Volume started solid but has steadily declined as it continued the rebound. Wednesday it tried the 18 day EMA (37.80) but gave up weakly. Looking for it to make another stab toward the recent low at 31.85.
Volume: 7.593M Avg Volume: 6.528M
BUY POINT: $35.97 Volume=9.8M Target=$32.88 Stop=$36.82
POSITION: BSX UU - Sept. $37.50p (-58 delta)
http://www.investmenthouse.com/cs/bsx.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: Asc Tri =Ascending triangle; 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; Dsc Tri=Descending triangle; 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
AEOS 07/27 Flat 31.92 +0.6 31.18 36.32 3.5M 2.3M 29.88
Current.
AHC 07/22 Test 18 82.57 +0.66 82.65 92 1M 1.4M 79.88
Buy Not Issued.
AMHC 07/08 Cup hdl 26.48 +0.18 27.62 33 409K 705K 26.04
Buy Not Hit.
AMXC 06/26 Test BO 10.7 +0.25 11.14 13.38 40K 108K 10.45
Buy Not Issued.
BLL 06/19 Cup hdl 71.05 +1.47 71.55 82 408K 525K 69.22
Buy Not Issued. Announced its split and had a solid, higher volume
session as it moved back over the 50 day MA.
CBSS 07/17 Cup hdl 44.25 +0.14 43.98 50.38 381K 694K 42.82
Current.
CCBI 07/19 DB hdl 21.5 -0.85 21.07 24.95 540K 573K 21.38
Current.
CLE 06/22 Cup hdl 22.69 +0.22 23.28 26.75 513K 805K 22.02
Current.
COL 07/17 Test BO 33.92 +0.46 34.77 39 941K 600K 33.22
Buy Not Issued.
CVX 07/06 Cup hdl 94.33 +0.48 95.65 101 3.3M 4.5M 93.62
Current. Announced the split after hours and was trading modestly
higher.
DAKT 06/26 DB hdl 25.27 +0.44 25.34 28.88 191K 151K 24.22
Entered today.
DF 06/14 Cup hdl 36.35 -0.1 36.69 42.25 577K 1.3M 36.57
Exited. Undercut the 50 day MA in a big way but then it managed
to rebound with the market to hold the 50 day on the close.
DUSA 07/22 Test 50 9.91 +0.12 11.06 13 206K 320K 10.29
Buy Not Hit.
EBAY 06/25 BO 78.79 +0.33 90.54 105 12M 10M 88.65
Current.
EBAY 03/06 Flat 78.79 +0.33 71.78 82.25 12M 10M 88.65
Current.
EBAY 08/02 PreSplt 78.79 +0.33 53.78 60 12M 9M 88.65
Current.
EBAY 03/08 BO 78.79 +0.33 40.04 46 12M 8M 88.65
Current.
FAST 07/24 Test BO 61.61 -0.44 61.55 69 751K 700K 59.44
Current.
FDX 07/15 Test BO 81.2 +0.74 82.61 91 1.4M 1.5M 80.05
Current.
FLIR 06/24 Test BO 60.69 -1.21 54.05 62 1.5M 694K 59.88
Current.
GPRO 05/08 Flat 36.57 -0.72 38.25 44 507K 900K 43.65
Current.
HAFC 07/10 Cup hdl 28.67 -0.11 29.98 34.82 94K 167K 28.05
Buy Not Hit.
HUG 06/01 Test 50 60.25 +0.44 56.41 66 163K 314K 58.88
Current.
HYC 07/27 Cup hdl 7.73 -0.18 8.15 9.78 144K 433K 7.58
Buy Not Hit.
IFIN 07/26 Test BO 44.32 -0.37 44.88 51.42 843K 850K 43.48
Buy Not Issued.
IRM 07/24 FlyPlat 32.46 -0.76 33.22 37.95 491K 450K 31.98
Current.
KMRT 07/27 Test 50 74.19 +0.95 79.12 84.45 7.6M 2.4M 73.58
Entered today. Took a partial as KMRT ran higher again early, then
watched it nose over and give back 4.5 pts off high.
May test the 10 or 18 day MA then rebound. On a test
that holds & starts higher we add to positions.
KNGT 07/06 Test BO 19.54 -0.15 19.17 21.83 142K 250K 18.88
Current.
MSA 07/21 Test BO 35.99 +0.06 35.65 40 218K 229K 33.68
Current.
NIHD 07/22 Cup hdl 37.72 +0.78 37.32 43 828K 1M 35.22
Buy Not Issued. Thought hard about moving in, but the volume remained a bit too light into the close.
NMGA 06/03 Test 50 54.88 +0.31 55.85 61.88 145K 330K 54.12
Buy Not Issued.
OCLR 05/27 FlyPlat 36 -1.38 34.75 40.25 175K 160K 36.68
Current.
OCLR 05/04 Cup 36 -1.38 30.22 34.65 175K 160K 36.68
Current.
OPTN 07/24 Test BO 16.54 -0.61 17.55 21 42K 175K 16.71
Buy Not Hit.
QCOM 06/24 Test 50 70.06 -0.37 69.24 78 9.5M 10M 69.55
Current.
QCOM 06/04 Cup hdl 70.06 -0.37 68.26 77 9.5M 10M 69.55
Current.
QCOM 04/17 Test 50 70.06 -0.37 66.35 79 9.5M 14M 69.55
Current.
RIMM 07/17 Test 50 62.22 +1.02 62.72 72 8.8M 11M 59.22
Buy Not Hit.
RNT 07/13 Test BO 31.08 -0.75 33.53 37.62 165K 212K 32.32
Current.
SBUX 06/26 Test 18 47.88 +0.11 44.56 51 3.5M 4.2M 45.36
Current.
SBUX 03/22 Test 50 47.88 +0.11 39 47 3.5M 4.5M 45.36
Current.
SBUX 07/30 Cup 47.88 +0.11 30.35 36.75 3.5M 6M 45.36
Current.
SBUX 07/01 Cup 47.88 +0.11 26.3 30.94 3.5M 6M 45.36
Current.
SCSC 07/08 Test BO 57.95 +0.1 58.88 65.65 106K 225K 57.48
Buy Not Issued.
SGP 07/08 Cup hdl 19.24 -0.74 18.45 21.32 11M 6.6M 18.88
Trailing Stop. Another stock that tanked hard but managed to recover
some. In this case the loss was still significant.
TUES 07/27 Cup hdl 32.74 -0.05 33.55 38.38 199K 510K 31.05
Buy Not Hit.
UOPX 06/02 Test 50 87.58 -4.65 90.51 103 575K 285K 87.98
Current.
UOPX 11/03 Test 50 87.58 -4.65 71.12 84 575K 315K 87.98
Current.
UOPX 10/25 Test 50 87.58 -4.65 68.95 82 575K 315K 87.98
Current.
VLO 07/27 Test 50 73.54 +0.25 73.88 78.45 2.5M 2.5M 69.88
Buy Not Issued.
WFMI 07/22 Test 50 86.01 -1.63 90.88 100 3M 1.1M 87.32
Buy Not Hit. Reported after hours reaffirming fiscal 2004 but saying the current quarter is weaker. Was getting pounded.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
BRLI 07/22 Put 12.54 +0.3 12.21 10.68 93K 280K 12.56
Buy Not Issued.
COO 07/26 Put 56.53 -0.37 54.95 52.45 260K 350K 55.55
Buy Not Issued.
LM 07/21 Put 78.39 -1.36 77.25 73.12 837K 642K 80.29
Current.
SSYS 07/19 Put 23.15 +0.01 22.68 20.12 166K 300K 24.2
Buy Not Issued.
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
trading system
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