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trade stock, stock split
Begin part 2 of 2
THE PLAYS
Good movers Wednesday: BEBE; CEDC; FLIR; FLO; PLCE; PNK; SBUX; WFMI
NEW PLAYS:
New Pre-Split Plays:
Play Date: 12/22/2004
ACET (Aceto--$19.54; +0.19; no options): Global distributor of specialty chemicals. Splits 3:2 on 1-11-05
http://biz.yahoo.com/p/a/acet.html
STATUS: Test breakout/cup with handle. A new issue in June, ACET has just formed its second base, a short 6 week cup with handle that formed over the 18 day EMA (18.57). Low volume as it moved laterally in late November to early December, then trade rising as the stock moved up to form the right side of its base. A lateral move the pat 8 sessions ahs formed the handle. Volume started to creep higher Wednesday as the stock gapped higher and started to try a run. Solid 3 to 0 accumulation (3 up price weeks on rising volume to 0 down price weeks on rising volume) in the base shows buyers still moving into the stock as it consolidates. Solid money flow and relative strength ready to make the next breakout. Looking for volume to jump as it moves through the buy point.
Volume: 110.026K Avg Volume: 123.545K
BUY POINT: $19.72 Volume=150K Target=$23.72 Stop=$18.77
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/acet.html
Play Date: 12/22/2004
BEBE (Bebe Stores--$40.05; +1.74; optionable): Apparel stores. Splits 3:2 on 12-30-04
http://biz.yahoo.com/p/b/bebe.html
After Hours: $40.05
STATUS: Flat base. Volume has jumped as BEBE moves toward the breakout from its 6 week pattern that has used the 18 day EMA (38.31) as support. Accumulation in the pattern is 2 to 0 (2 up price weeks on rising volume to 0 down price weeks on rising volume), showing net buyers during the lateral move. Strong money flow is helping lead the stock. Relative strength, a confirmation of the stock's move, is ready for another breakout. A market leader that looks ready for more. Retail has come to life once more even as the holidays are supposedly a bust.
Volume: 718.183K Avg Volume: 509.318K
BUY POINT: $40.45 Volume=600K Target=$48.48 Stop=$38.18
POSITION: KUO CH - Mar. $40c (55 delta) &/or Stock
http://www.investmenthouse.com/cs/bebe.html
Pre-Announcement Plays:
Play Date: 12/22/2004
RGS (Regis--$46.36; +0.96; optionable): Hair styling and hair care salons. Hairstyling and hair care salons. Forecast 1-26-05
BACKGROUND: Last split 3:2 in early 1999 at $40. Prior to that another 3:2 split in June 1996. Long time coming, but this is the first time it is back at this price.
http://biz.yahoo.com/p/r/rgs.html
STATUS: Cup w/handle. Volume moved above average Wednesday as RGS rallied off the bottom of the 5 week handle to its 9 month base. Strong 10 to 6 accumulation has set up the breakout, showing solid net buying during the base. Money flow is rising higher ahead of price. Looking for RGS to move through the buy point on even stronger trade.
Volume: 217.6K Avg Volume: 201.545K
BUY POINT: $46.65 Volume=274K Target=$54 Stop=$45.22
POSITION: RGS CI - Mar. $45c (59 delta) &/or Stock
http://www.investmenthouse.com/cs/rgs.html
CONTINUING PLAYS
* * SPREADSHEET DOWNLOAD * * *
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http://stocksplits.net/ssr/table.php
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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: 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
AFFX 11/06 Rv H&S 34.85 -0.34 32.99 38 631K 1.2M 34.88
Current.
ARTI 10/09 Test BO 37.64 +0.14 30.88 35.85 136K 750K 35.88
Current. Continue with the uptrend on low volume.
BEBE 10/05 Cup hdl 40.05 +1.74 23.55 27.45 718K 375K 38.05
Current.
BIIB 12/08 Flat 65.64 -0.28 65.12 75 2.1M 4.5M 64.28
Current. Pullback tapping 64.95 at the low and rallied back showing a doji on lower, below average volume. Still in good shape.
BWLD 12/13 Cup hdl 34.98 +0.08 35.95 43 37K 261K 35.75
Current. Moving up showing a tight doji on the 10 day MVA on low volume. Moving up after testing the breakout.
CEDC 12/08 Test BO 30 +1.42 29.32 35.48 515K 250K 28.32
Entered today. Tested the 10 day MVA intraday and rallied back for an explosive move on excellent volume.
CENT 12/15 Cup hdl 40.45 -0.5 41.12 50.15 83K 160K 39.45
Current. Pullback on rising but still below average volume. May test back to the 10 day MVA (40.42)
CERN 12/13 Test BO 52.65 +0.12 53.48 60.55 193K 565K 51.89
Current. Tapped 53.18 at the high, but gave much of it back showing a doji on the 10 day MVA on low volume. Moving up after testing the breakout.
CHS 12/04 DB hdl 45.8 +1.22 44.88 51.58 841K 2.5M 43.88
Current.
CME 12/20 Test BO 221.3 +1.05 221.45 235 281K 1.1M 216.85
Current. Moving up on lower, below after testing the 10 day MVA.
CME 11/22 FlyPlat 221.3 +1.05 203.68 224.89 281K 950K 224.35
Current.
CMTL 11/30 DB hdl 37.67 +0.33 33.15 38.85 299K 402K 36.05
Current. Continue with the uptrend on stronger above average volume.
CMVT 12/09 Test 18 24.52 +0.22 23.88 28.25 1.7M 3.2M 23.95
Current. Tapped 23.91 at the low and rallied back on low volume. Moving up after testing the 10 day MVA.
CPRT 12/14 Cup hdl 26.22 -0.03 27.24 32.65 444K 1.1M 25.48
Current. Holding at some resistance on rising, but below average volume. Still in good shape.
CRDN 12/18 Test BO 55.53 +1.53 53.05 64 658K 775K 51.38
Buy Not Issued.
CREAF 12/09 Test BO 14.61 -0.11 14.81 18.85 1.5M 1M 14.11
Current. Tapped 15.39 at the high, but gave it back holding above the 10 day MVA on stronger above average volume. May test back to the 18 day MVA.
CSTR 12/15 Test 50 26.17 +0.62 26.88 32.25 126K 350K 25.65
Buy Not Hit. Moving up for a nice gain after testing the 50 day MVA on lower, below average volume. Still in the pattern.
CYTC 11/09 Test 50 27.23 -0.47 26.57 32 661K 1.6M 27.38
Current. Continue to pullback holding above support at 27.18, but below the 18 day MVA on low volume. May test back to support, but will need to hold there.
DE 12/07 DB hdl 73.78 +0.08 73.63 82.55 1.1M 3.2M 71.61
Buy Not Issued.
EBAY 08/31 DB hdl 113.42 -0.28 88.05 99.94 5.9M 14M 112.68
Current. Pullback holding the 18 day MVA on lower, below average volume. Still in good shape.
EBAY 06/25 BO 113.42 -0.28 90.54 105 5.9M 10M 112.68
Current.
EBAY 03/06 Flat 113.42 -0.28 71.78 82.25 5.9M 10M 112.68
Current.
EBAY 08/02 PreSplt 113.42 -0.28 53.78 60 5.9M 9M 112.68
Current.
EBAY 03/08 BO 113.42 -0.28 40.04 46 5.9M 8M 112.68
Current.
EMR 11/18 FlyPlat 69.8 -0.64 68.78 78 1.3M 1.4M 68.55
Current. Pullback holding at some support on rising, but average volume. May test back to the 10 day MVA.
FLIR 12/21 DB hdl 62.28 +1.78 62.48 68.45 439K 700K 59.89
Entered today. Nice move on much stronger but average volume. Disappointingly came off the day's high of 63.80. Still in uptrend.
FLO 12/21 Test BO 31.12 +0.75 31.05 35.88 195K 188K 30.12
Entered today. Bounced off the 10 day MVA for a great move on excellent volume.
GOOG 12/18 Pennant 186.3 +2.55 185.85 214 3.8M 12M 177.55
Current. Continue with the uptrend on low volume.
HAR 12/16 Test 50 128.1 +1.75 126.88 136.65 512K 800K 123.32
Current. Continue with the uptrend on rising, but below average volume. Holding at some resistance.
HDI 12/11 DB hdl 60.3 +0.3 61.05 71 1.1M 2M 59.89
Buy Not Hit. Tested the 10 day MVA intraday and rallied back on rising, but below average volume. Still in the pattern.
HLEX 12/21 Cup hdl 15.92 -0.14 17.04 20.48 161K 438K 16.45
Buy Not Hit. Pullback holding the 10 day MVA on low volume. Still forming the handle.
HPOL 12/07 Test 20 7.67 -0.08 7.62 9.18 229K 400K 7.65
Current. Tapped 7.82 at the high, but gave it back on rising, but below average volume. May test back to the 10 day MVA.
INFY 11/29 FlyPlat 68 -2.1 71.35 81 516K 1M 69.48
Current. Ease back below the 18 day MVA on lower, below average volume. Holding above support at 66.86. Will need to hold at support.
IR 12/09 Test BO 81.9 +0.96 77.55 90 1M 1.5M 77.93
JOYG 12/16 Test 50 41.91 -1.11 42.85 49.38 598K 625K 41.48
Current.
KMRT 08/18 Dbl btm 101.45 +1 80.22 92 1.6M 3.6M 105
Current. Moving up holding the 10 day MVA on rising volume after testing the 50 day MVA.
KNGT 12/18 Flat 25.31 +0.24 25.05 30 338K 350K 23.88
Buy Not Issued. Tapped 24.75 at the low and rallied back showing a doji on stronger above average volume. Volume was not there to enter the play. Will let stock pullback.
LACO 11/23 Cup hdl 15.35 +0.15 14.12 16.75 119K 185K 14.42
Current.
MCO 10/23 Test BO 85.34 +0.14 75 84 608K 625K 82.32
Current.
MGG 11/13 Test 18 70.36 +0.36 60.48 67.75 688K 1.4M 68.45
Current.
MKC 12/18 BO 38.64 -0.08 38.75 46.48 264K 400K 37.52
Buy Not Issued.
MNDO 12/13 Cup hdl 5.51 +0.03 5.48 7 49K 366K 5.25
Current. Moving up the 10 day MVA on low volume after testing the breakout.
MRVL 11/13 Flat 34.6 -0.35 31.41 37 2.1M 6M 34.25
Current. Pullback holding the 10 day MVA on low volume. Still in good shape.
MSCC 12/11 Test BO 16.98 -0.28 17.89 21.45 301K 1.1M 16.95
Buy Not Issued.
MTSN 12/02 Cup 11.01 -0.25 11.15 13.75 228K 500K 10.65
Current. Ease back below the 10 day MVA on lower, below average volume. May continue to test back to 18 day MVA (10.74).
NCR 12/21 Test BO 69.66 +0.66 69.88 78 698K 1.1M 67.85
Buy Not Issued. Gapped up holding at some resistance on lower, below average volume. continue with uptrend.
NGEN 12/20 Test BO 6.93 +0.02 7.65 9.35 2.8M 2.4M 7.15
Buy Not Hit. Volatile session tapping 6.56 at the low and rallied back showing a doji on the 10 day MVA on stronger above average volume. Still in the pattern.
OPTN 12/04 DB hdl 17.62 +0.28 18.25 21.95 118K 320K 17.69
Current. Nice move up holding the 18 day MVA on low volume. Needs to continue to rebound.
PETM 10/27 Cup hdl 35.74 -0.16 31.75 38.95 772K 2.4M 34.69
PFCB 12/18 Test BO 56.17 -1.26 57.32 65 500K 637K 55.89
Buy Not Issued. Pullback holding the 18 day MVA on stronger above average volume. May test back to support at 55.56.
PLCE 12/21 Cup hdl 35.99 +1.41 34.41 40.32 1.1M 975K 32.72
Current. Another nice move as stock gapped up at the open and continued to soar filling the gap intraday on excellent volume.
PNK 12/16 Test BO 19.97 +0.79 18.65 22.35 604K 300K 18.38
Current. Great move up the 10 day MVA on excellent volume surge.
PRFT 12/16 Test BO 6.45 -0.24 6.74 8.21 86K 236K 6.27
Buy Not Issued. Pullback testing the 10 day MVA intraday and rallied back on lower, below average volume. Still in the pattern.
QCOM 12/11 Cup hdl 44.44 +0.46 44.39 53 20M 20M 43.48
Entered today. Another nice move up the 10 day MVA on stronger above average volume.
RCI 11/09 Cup 35.71 -0.21 33.11 39 131K 370K 35.29
Current.
SBUX 12/20 Asc Tri 61.14 +2.18 59.95 68.55 5.4M 4.5M 58.88
Entered today.
SBUX 10/27 DB hdl 61.14 +2.18 51.42 60.45 5.4M 5M 57.28
Target Hit. Took the January options off the table on the strong
surge. Nice 190+% gain.
SBUX 09/21 DB hdl 61.14 +2.18 46.53 51.75 5.4M 5M 57.28
Current.
SNS 12/14 Cup hdl 19.9 0 19.55 23.55 66K 152K 18.18
SPLS 11/13 Asc Bse 33.53 +0.42 31 36 2.8M 4M 32.38
Current.
STK 11/30 DB hdl 31.03 -0.08 29.92 35.54 550K 1.4M 30.34
Current. Pullback tapping 30.81 at the intraday low and rallied back showing a doji on the 10 day MVA. Forming a handle.
TASR 12/06 Test BO 28.64 +0.61 28.88 34 8.1M 21M 26.86
Current.
UPS 10/09 Test BO 86.7 +0.22 76.75 82.75 1.9M 2.1M 85.72
Current.
UTX 11/29 Cup hdl 105.01 +1.16 98.92 110 1.9M 3.2M 102.25
Current.
WFMI 12/09 Cup hdl 96.62 +2 95.35 111 1.2M 1.6M 93.65
Entered today. Great move on stronger above average volume.
YUM 10/12 Test BO 46.13 -0.37 42.89 48 1.4M 1.2M 45.69
Current. Pullback testing the 18 day MVA intraday on slightly above average volume. Still in good shape.
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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