us stock market, stock split

Begin part 3 of 3

THE PLAYS

Good movers: ABRX; ANTP; BEBE; LCAV; NMGA; PRZ; USNA; VMSI

Weekend play results:
ABRX: Another nice gain on volume.
BEBE: Nice break higher on nice volume.
EEFT: Tried to continue the good move but stalled.
MON: Starting off the 18 day but no volume yet.
RMD: Ran higher but no volume and it faded to flat into the close.
LF: Trying to crack through the 50 day EMA but low trade.
SLM: Started lower but was all over the map before finished with a modest loss.

New Plays:

Upside:

Play Date: 03/28/2005
CNTY (Century Casinos--$9.17; +0.47; no options): Resorts and casinos
http://biz.yahoo.com/p/c/cnty.html
STATUS: Double bottom w/handle. Nice volume Monday as CNTY started off the 18 day EMA (8.76), moving higher in its 4 week handle of the 17 week base. It formed using the 50 day EMA (8.44) as support, a key level. Strong money flow is leading higher, a good combination with the solid 4 to 2 accumulation (4 up price weeks on rising volume to 2 down price weeks on rising volume). Relative strength is making the breakout ahead of the stock, a very solid indication that the stock is going to make the breakout as well. Looking to move in on a continued volume move higher.
Volume: 194.888K Avg Volume: 104.318K
BUY POINT: $9.41 Volume=156K Target=$11.29 Stop=$8.75
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/cnty.html

Play Date: 03/28/2005
SCHL (Scholastic Corp.--$37.39; +0.07; optionable): Publishing (children's books)
http://biz.yahoo.com/p/s/schl.html
STATUS: Breakout test. SCHL exploded out its 12 week cup with handle base six sessions back, moving higher on very strong trade. Good earnings helped propel the move and now it is testing back, holding over the 18 day EMA (36.92) on very low, below average volume. Strong 3 to 1 accumulation in the base shows plenty of buyers. Money flow is leading higher ahead of price and relative strength made the breakout as well. Looks very nice in this pullback. Looking for volume to jump back up as it rebounds off this near support.
Volume: 144.368K Avg Volume: 207.227K
BUY POINT: $37.85 Volume=311K Target=$42.88 Stop=$36.87
POSITION: USC FG - June $35c (83 delta) &/or Stock
http://www.investmenthouse.com/ci/schl.html

Play Date: 03/28/2005
URBN (Urban Outfitters--$47.50; +2.06; optionable): Apparel stores
http://biz.yahoo.com/p/u/urbn.html
STATUS: Test 50 day EMA. This one will turn into another pre-announcement play, but as it split last July it may be a bit early. Never mind that, however, as the pattern is great. Broke out from a 16 week cup with handle base of sorts and rallied as the market sold. The past two weeks it took a lower volume breather, coming back toward the 50 day EMA (44.70) but holding easily above that level. Monday it started to rebound on rising though still below average volume. Looking to move in on a further volume move higher. Solid leader that is starting the next move.
Volume: 1.178M Avg Volume: 1.137M
BUY POINT: $47.87 Volume=1.2M Target=$53.95 Stop=$45.55
POSITION: URQ FI - June $45c (75 delta) &/or Stock
http://www.investmenthouse.com/ci/urbn.html

Downside:

Play Date: 03/28/2005
AV (Avaya--$12.09; -0.08; optionable): Telecom processing systems
http://biz.yahoo.com/p/a/av.html
STATUS: Put. AV continues moving down the 10 day EMA (12.47) as it continues its decline since peaking in December. This move down the 10 day EMA is coming after a test of the 200 day SMA (14.55) breakdown; stocks often set up below the 10 day EMA after breaking the 200 day SMA, and that is part of a longer, bigger move down that resistance level. Looking to move in on a continued move lower down to the target for a 45%ish gain.
Volume: 2.745M Avg Volume: 4.538M
BUY POINT: $11.98 Volume=4.5M Target=$11.11 Stop=$12.22
POSITION: AV QV - May $12.50p (-60 delta)
http://www.investmenthouse.com/ci/av.html

Play Date: 03/28/2005
FAST (Fastenal Company--$55.87; -0.50; optionable): Fasteners
http://biz.yahoo.com/p/f/fast.html
STATUS: Put. You would think FAST would be performing well in this economy, but it has struggled since last July, forming a broad top with two peaks. It has trended lower on this move since December, breaking below the 200 day SMA (59.01) in February, then failing a test in early March. It tried to retake the 10 day EMA (56.88) last week, but it has failed, starting to sell again Monday on sharply higher, above average volume. Money flow is weak and continuing lower. Looking to move in on a continued downside move. A move to the target gets us a 38%ish gain.
Volume: 980.006K Avg Volume: 470.045K
BUY POINT: $55.77 Volume=500K Target=$53.75 Stop=$56.38
POSITION: FQA QJ - May $55p (-39 delta)
http://www.investmenthouse.com/ci/fast.html

Good Investing!
Jon L. Johnson and your IH Alerts Team

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 in 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.

us stock market
stock split