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trading system, stock trading system
Begin part 2 of 2
THE PLAYS
Full report issues Thursday.
Good movers Wednesday: AET; BAX; CVH; LCAV; MDR; OMC; PMTI
NEW PLAYS:
New Post Split Plays:
Play Date: 02/23/2005
FLIR (Flir Systems--$31.30; +0.86; optionable): Scientific & technical instruments
http://biz.yahoo.com/p/f/flir.html
After Hours: $31.28
STATUS: Cup w/handle. Volume jumped Wednesday as FLIR moved off the 50 day EMA (30.39), the important support level that is acting as support for the handle to the 7 month base. Kind of a jagged pattern, but it has nonetheless formed up well, using the 200 day SMA (28.76) as support on each low. That is where the big money steps in if they want to continue holding the stock. They have, and that has built this base. Solid 7 to 4 accumulation (7 up price weeks on rising volume to 4 down price weeks on rising volume) is an indication of that support as it shows net buying. Looking for volume to continue moving higher as FLIR moves through the buy point.
Volume: 909.844K Avg Volume: 562.045K
BUY POINT: $32.15 Volume=843K Target=$37 Stop=$30.89
POSITION: FFQ GX - July $32.50c (54 delta) &/or Stock
http://www.investmenthouse.com/cs/flir.html
New Pre-Announcement Plays: Looking at a couple of potential upcoming splits that are in good patterns. Will expand on them Thursday.
Play Date: 02/23/2005
GOOG (Google--$193.95; +2.58; optionable): Internet search
http://biz.yahoo.com/p/g/goog.html
After Hours: $194.20
STATUS: Test 50 day EMA. GOOG has moved in a trading range roughly from the 50 day EMA (189.59) and 205 the past 9 weeks. It bolted higher in early February on strong earnings, but fears about the lockup expiring sent it back down to the 50 day. It has held that level and has moved laterally between the 50 day and 200 the past week. Volume started to move higher this week, jumping Wednesday as GOOG tapped the 50 day EMA on the low and rebounded to close positive. Looking for a strong volume blast to take it through the buy point and break it higher.
Volume: 15.651M Avg Volume: 10.356M
BUY POINT: $196.12 Volume=16M Target=$210 Stop=$189.38
POSITION: GOU DS - Apr. $195c (54 delta)
http://www.investmenthouse.com/cs/goog.html
Play Date: 02/23/2005
LAUR (Laureate Education--$44.87; +0.17; optionable): Education and Training
http://biz.yahoo.com/p/l/laur.html
STATUS: Test 50 day EMA. LAUR is making one of its periodic tests of the 50 day EMA (44.48), its third one after making the breakout from a four month reverse head and shoulders base in late October. Very nice low volume on the pullback to the 50 day, also a point of price support from the late December/early January interim peak. Strong money flow is leading higher even as LAUR makes the test. Looking for that volume to continue as it moves through the 10 and 18 day EMA (45.77, 45.74).
Volume: 522.284K Avg Volume: 312.227K
BUY POINT: $45.88 Volume=468K Target=$50.55 Stop=$44.12
POSITION: NQV EI - May $45c (54 delta)
http://www.investmenthouse.com/cs/laur.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
ACL 02/05 DB hdl 85.21 +0.16 82.38 90 363K 850K 86.05
AET 02/08 Flat 141 +4.51 130.25 140 1.5M 2.2M 138.35
AMMD 02/03 Test 50 39.54 -0.55 41.25 46.55 142K 325K 38.54
Buy Not Issued.
ANF 02/12 Test 18 53.31 +0.76 55.12 62.55 878K 2M 53.75
Buy Not Hit.
BAX 02/18 DB hdl 35.62 +0.65 35.46 42.25 2.5M 3M 34.38
Current.
BCR 01/03 Test BO 67.92 +0.39 65.67 74.75 376K 725K 67.48
Current.
BDX 01/31 Test BO 58.75 +0.08 57.07 63 652K 1.1M 58.05
Current.
CENT 12/15 Cup hdl 44.79 +0.08 41.12 50.15 109K 160K 43.89
Current.
COGN 02/15 Cup hdl 43.9 -0.05 44.11 50 495K 1M 42.65
Buy Not Issued.
COH 02/17 Flat 55.05 +0.89 55.35 60.45 1.3M 2M 54.32
Current.
CVH 02/19 Test BO 63.01 +3 60.48 67.55 1.7M 1.4M 60.89
DHI 02/17 Test BO 40.71 +0.21 42.88 48 1.9M 2.8M 42.21
Buy Not Hit.
EFX 02/01 Flat 30.02 -0.23 29.12 34 309K 575K 30.11
Trailing Stop.
FDX 02/15 Cup 96.64 +1 98.15 108 1.1M 2.8M 95.78
Buy Not Issued.
FS 02/22 Cup hdl 78.49 -1.31 80.44 90.55 201K 376K 79.05
Buy Not Hit.
GPRO 01/19 DB hdl 49.84 -0.16 47.71 54 468K 700K 48.54
Current.
HDI 01/18 DB hdl 60.9 +0.38 61.35 67.55 1.2M 2.1M 60.38
Current.
HSIC 02/17 Test BO 72.53 +0.62 72.63 77 290K 500K 72.11
Current.
IHP 02/22 Test BO 46.97 +0.27 46.78 53 120K 138K 45.88
Buy Not Issued.
IMDC 01/20 Test BO 69.45 -0.44 65.65 73.95 111K 458K 69.68
Current.
INFY 02/11 Rv H&S 72.94 +0.7 74.05 85 188K 1.1M 71.59
Current.
IR 02/14 DB hdl 79.52 +0.49 81.92 90 793K 1.7M 79.57
Buy Not Hit.
JCOM 02/14 DB hdl 36.81 -0.52 38.35 45 542K 800K 37.72
Buy Not Issued.
LCAV 01/25 FlyPlat 30.03 +3.09 25.26 29.98 1.9M 400K 28.97
Target Hit.
LIZ 02/03 Rolling 41.95 +0.23 42.79 48.22 424K 835K 41.97
Current.
MDR 02/22 Flat 19.14 +0.44 19.06 23.25 678K 680K 18.22
Entered today.
MRVL 02/12 Rv H&S 35.97 -0.06 37.03 42.84 3M 4.5M 35.82
Exited.
NBL 02/19 Cup hdl 64.46 +0.44 65.05 72 759K 1.2M 63.89
Buy Not Issued.
OMC 01/06 Cup hdl 88.13 +1.01 85.95 98 1.1M 1.4M 86.05
Current.
ORLY 01/11 DB hdl 48 -0.19 46.72 53.88 280K 501K 45.32
Buy Not Issued.
PDS 02/08 Test BO 76.79 +0.75 70.32 78.48 221K 400K 73.31
PMTI 02/16 Flat 28.13 +1.58 28.22 33 485K 365K 26.24
Current.
PPDI 02/08 Cup hdl 41.86 -0.24 44.05 60 149K 722K 42.32
Buy Not Hit.
PTEN 02/10 BO 24.34 +0.54 21.92 24.95 3.2M 2.3M 23.68
Current.
RECN 02/22 Test 50 49.48 +0.46 50.12 55.25 267K 525K 48.78
Buy Not Hit.
SCHN 02/19 Dbl btm 37.2 +0.48 38.75 44 409K 1M 37.68
Buy Not Hit.
SONC 02/19 Flat 32.96 +0.35 33.31 37.89 420K 500K 31.48
Current.
SSNC 02/15 Cup hdl 23.7 +0.22 23.75 28 113K 214K 22.65
Buy Not Issued.
TBL 01/13 Rv H&S 69.79 -0.17 65.88 76.58 522K 500K 70.33
Current.
TDS 02/05 DB hdl 84.35 -0.85 86.22 100 183K 300K 84.32
Buy Not Issued.
TOL 02/19 FlyPlat 84.25 +3.21 85.25 99 4.6M 2.2M 82.68
Buy Not Hit.
TSRA 01/29 Flat 39.38 -1.07 40.95 48 1.1M 1.3M 40.84
Current.
TTC 02/19 Test BO 85 +1.41 84.45 95 171K 308K 83.21
Buy Not Issued.
UPL 02/05 Flat 56.67 +0.31 53.78 63.75 432K 1.2M 55.22
Current.
VMSI 02/19 Test 18 69.68 +0.17 71.12 77.45 87K 150K 69.78
Buy Not Hit.
XTO 01/29 DB hdl 43.58 +0.63 37.12 42.62 3.8M 4.2M 40.25
ZQK 02/02 Flat 31.05 -0.56 30.82 35.99 921K 650K 32.15
Trailing Stop.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
CCMP 02/17 Put 32.05 -0.01 31.81 29.81 504K 875K 32.54
Entered today.
ICF 02/22 Put 127.2 -0.48 127.55 125 149K 165K 128.15
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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trading system
stock trading system
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