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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers Monday: IR; OMC; ORLY
NEW PLAYS:
New Pre-Split Plays:
Play Date: 02/28/2005
OPTN (Option Care--$19.33; -0.68; optionable): Home health care. Splits 3:2 on 4-1-05
http://biz.yahoo.com/p/o/optn.html
STATUS: Breakout test. OPTN is coming back on lower volume to test the massive volume breakout last Wednesday when it gapped out of a 10 week Cup w/handle base that followed on the heels of a 20 week double bottom. A nice base on base pattern that has worked to weed out the sellers. Excellent 5 to 1 accumulation in the most recent base, showing solid buying that led to the breakout. Looking for it to test the 10 day EMA (18.95) and from there continue the move higher. Want to see strong volume when it does turn back to the upside.
Volume: 350.054K Avg Volume: 210.045K
BUY POINT: $19.45 Volume=335K Target=$23 Stop=$18.88
POSITION: UOC GD - July $20c (50 delta) &/or Stock
http://www.investmenthouse.com/cs/optn.html
New Post-Split Plays:
Play Date: 02/28/2005
ETN (Eaton Corp.--$69.75; -0.29; optionable): Diversified manufacturing (electrical power distribution, auto systems, etc.)
http://biz.yahoo.com/p/e/etn.html
After Hours: $69.73
STATUS: Reverse head and shoulders. Nice 8 week base has formed along the 50 day EMA (68.48) as it forms up for the next break higher. Kind of a skewed pattern with a high just over 72 before it fell into this base to start the year. Solid 3 to 1 accumulation in the base shows net buyers and is setting up the next break higher. Looking for a move over the recent February high on even better volume to move into positions.
Volume: 1.008M Avg Volume: 885.09K
BUY POINT: $70.88 Volume=1.3M Target=$77 Stop=$68.55
POSITION: ETN GN - July $70c (55 delta)
http://www.investmenthouse.com/cs/etn.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 86.3 -1.26 82.38 90 234K 850K 86.05
AET 02/08 Flat 146.02 +0.55 130.25 140 1.5M 2.2M 140
Current.
AMMD 02/03 Test 50 39.6 -0.1 41.25 46.55 339K 325K 38.54
Buy Not Issued.
ANF 02/12 Test 18 53.7 -0.53 55.12 62.55 870K 2M 53.75
Buy Not Hit.
BAX 02/18 DB hdl 35.66 -0.58 35.46 42.25 2.5M 3M 35.15
Current.
BDX 01/31 Test BO 59.87 -0.09 57.07 63 1.1M 1.1M 58.97
Current.
BER 02/26 Test BO 51.36 -0.23 51.88 57 341K 500K 50.87
Buy Not Issued.
BZH 02/24 FlyPlat 171.92 -1.69 169.45 184 691K 775K 170.48
Entered today.
CDIS 02/26 Test BO 50.78 +0.38 50.55 58 917K 450K 44.45
Buy Not Issued.
CENT 12/15 Cup hdl 45.62 +0.04 41.12 50.15 149K 160K 44.39
Current.
COGN 02/15 Cup hdl 42.91 -0.18 44.11 50 856K 1M 42.65
Buy Not Issued.
COH 02/17 Flat 55.53 -1.12 55.35 60.45 1.5M 2M 55.38
Current.
CTSH 02/24 Test BO 47.23 -0.48 47.18 55 2M 2.5M 45.89
Current.
CVH 02/19 Test BO 63.1 -0.12 60.48 67.55 1.2M 1.4M 60.89
DHI 02/17 Test BO 43.76 -1.25 43.28 48.55 2.6M 2.8M 43.48
Current.
FDX 02/15 Cup 97.78 -0.66 98.15 108 1.5M 2.8M 95.78
Buy Not Issued.
FLIR 02/23 Cup hdl 31.25 +0.17 32.15 37 459K 843K 30.89
Buy Not Hit.
GGG 02/26 Test BO 38.66 +0.05 38.78 44 326K 400K 37.64
Buy Not Issued.
GPRO 01/19 DB hdl 50.91 -0.69 47.71 54 540K 700K 49.68
Current.
HDI 01/18 DB hdl 61.88 -0.22 61.35 67.55 1.3M 2.1M 61.48
Current.
HSIC 02/17 Test BO 72.34 -1.51 72.63 77 696K 500K 72.97
Exited.
IHP 02/22 Test BO 47.08 -1.22 47.62 53.88 156K 138K 47.39
Current.
INFY 02/11 Rv H&S 76.25 -0.35 74.05 85 409K 1.1M 74.88
Current.
IR 02/14 DB hdl 84.25 +1.25 82.84 91 2M 1.7M 81.39
Current.
JCOM 02/14 DB hdl 38.31 +0.86 38.35 45 553K 800K 37.72
Buy Not Issued.
LAUR 02/23 Test 50 43.39 -2.81 45.48 50.55 1.1M 468K 45.38
Exited.
LCAV 01/25 FlyPlat 28.92 -1.25 25.26 29.98 1M 400K 29.97
Trailing Stop.
LIZ 02/03 Rolling 42.3 -0.2 42.79 48.22 548K 835K 42.18
Current.
MDR 02/22 Flat 19.84 -0.43 19.06 23.25 920K 680K 19.38
Current.
MRVL 02/24 Test BO 36.59 -0.9 37.56 43 5.3M 4.5M 35.97
Current.
NBL 02/19 Cup hdl 67.64 -0.81 66.25 72 1.3M 1.2M 67.22
OMC 01/06 Cup hdl 91.07 +1.12 85.95 98 1.8M 1.4M 88.78
Current.
ORLY 01/11 DB hdl 50.9 +1.05 46.72 53.88 682K 501K 48.88
PDS 02/08 Test BO 76.32 -1.35 70.32 78.48 371K 400K 76.65
PMTI 02/16 Flat 28.86 -0.05 28.22 33 275K 365K 28.55
Current.
PPDI 02/08 Cup hdl 42.65 +0.06 44.05 60 376K 722K 42.32
Buy Not Hit.
PTEN 02/10 BO 25 -0.26 21.92 24.95 4M 2.3M 24.89
Trailing Stop.
RECN 02/22 Test 50 49.76 -0.13 50.12 55.25 443K 525K 48.78
Buy Not Issued.
SCHN 02/19 Dbl btm 40.62 -0.01 39.27 44.55 706K 1M 39.38
Current.
SHFL 02/26 DB hdl 32.75 +0.29 33 38.38 1.1M 800K 31.32
Entered today.
SIE 02/24 Test BO 61.56 -0.46 60.32 68 362K 503K 57.89
Buy Not Issued.
SONC 02/19 Flat 33.69 -0.18 33.31 37.89 304K 500K 32.48
Current.
STR 02/26 Rv H&S 53.02 -0.03 53.25 59 428K 500K 51.24
Buy Not Issued.
TBL 01/13 Rv H&S 69.64 -0.66 65.88 76.58 260K 500K 70.33
Current.
TDS 02/05 DB hdl 87.5 +1.25 86.22 100 134K 300K 84.32
Buy Not Issued.
TOL 02/19 FlyPlat 88.05 -1.69 85.25 99 3M 2.2M 87.78
TSRA 01/29 Flat 40.74 -0.59 40.95 48 656K 1.3M 40.84
Exited.
TTC 02/19 Test BO 86.71 -0.39 84.45 95 142K 308K 83.21
Buy Not Issued.
UNH 02/26 Test 50 91.16 -0.23 91.65 100 2.4M 3M 89.89
Entered today.
UPL 02/05 Flat 56.35 -1.63 53.78 63.75 1.8M 1.2M 55.85
Current.
VMSI 02/19 Test 18 67.23 -3.75 71.12 77.45 740K 150K 69.78
Buy Not Issued.
XTO 01/29 DB hdl 45.52 +0.02 37.12 42.62 3.2M 4.2M 44.48
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
CCMP 02/17 Put 32.49 -0.44 31.81 29.81 436K 875K 32.54
Current.
ICF 02/22 Put 128.25 -0.75 127.55 125 330K 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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stock split
stock recommendation
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