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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: BCR; CNTY; ENER; HNT; JAH; MATR; RMD; WIND
Wednesday night play results:
IDXC: Good volume but still ahs to show us the breakout.
ISSC: Very nice low volume fade setting up the breakout.
JAH: Nice volume as it continues the move.
OSG: Good volume but after gapping higher it could not hold the move.
FRK: Modest, low volume bounce is setting up a better downside.
New Plays:
Upside:
Play Date: 04/07/2005
ANTP (Phazar--$25.65; -0.55; no options): Telecom communication equipment
http://biz.yahoo.com/p/a/antp.html
After Hours: $25.66
STATUS: Test 18 day EMA. ANTP made us some good money in late March as it exploded higher through the 50 day EMA (23.14) on strong volume. We took the gain and said we would look at it again when it made the test, and that is exactly what it is doing today, coming back to the 18 day EMA (24.80) the past four sessions on sharply lower volume. It has held the past two days at that level, showing a doji. Strong money flow is still way out ahead of the stock and we are looking for volume to move back up as ANTP jumps off this level. To recap: Explosive move to end the year and then a 2.5 month pullback along the 50 day EMA. It rallied on volume to end March, starting to form the right side of the base. Testing that move now.
Volume: 1.198M Avg Volume: 980.772K
BUY POINT: $26.55 Volume=1.5M Target=$31.75 Stop=$24.75
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/antp.html
Play Date: 04/07/2005
CYBX (Cybertronics--$45.79; +3.74; optionable): Medical appliances
http://biz.yahoo.com/p/c/cybx.html
After Hours: $45.80
STATUS: Breakout. Volume jumped Thursday as CYBX exploded higher, breaking out from its 8 week cup with handle base. This recent base consolidated a big gap higher in early February, showing excellent 3 to 0 accumulation in the pattern (3 up price weeks on rising volume to 0 down price weeks on rising volume). Tested back on very low volume this week, setting up the breakout move. Surging money flow shows the buyers are there, and relative strength broke out on the Thursday move, a good corroboration of the breakout. Ready to open a position on a continued move as it looks to have the juice.
Volume: 2.764M Avg Volume: 1.49M
BUY POINT: $46.05 Volume=1.5M Target=$52.94 Stop=$44.38
POSITION: QAJ GI - July $45c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/cybx.html
Play Date: 04/07/2005
DIOD (Diodes--$28.25; +1.20; optionable): Semiconductor integrated circuits. Forecast to announce a split 4-28-05 before the open.
BACKGROUND: Last split its stock 3:2 on 11-26-03 at 28.50.
http://biz.yahoo.com/p/d/diod.html
After Hours: $28.20
STATUS: Cup w/handle. DIOD announced its earnings date and upped its guidance Thursday, propelling it to start the breakout from its 5.5 month base. Strong 5 to 3 accumulation in the pattern shows net buyers, and money flow is surging higher ahead of price, plowing the field for DIOD to follow. Ready to start a position on a continued breakout move.
Volume: 466.995K Avg Volume: 143K
BUY POINT: $28.44 Volume=214K Target=$33.35 Stop=$27.32
POSITION: DUH IE - Sept. $25c (75 delta) &/or Stock
http://www.investmenthouse.com/ci/diod.html
Play Date: 04/07/2005
SHLD (Sears Holding Corp.--$138.73; +0.31; optionable): Retail. Forecast to announce a split 4-21-05.
BACKGROUND: No split history for S, KMRT or the new entity, but at $140 it is ripe.
http://biz.yahoo.com/p/s/shld.html
After Hours: $139.50
STATUS: Breakout test. Sears/Kmart broke higher in March, gapping up on volume as the retail deal was closed. It has rallied higher since with another big burst Monday. It has come back to test that move on lower volume, showing a nice doji right on top of the 10 day EMA (135.74). Looks ready to make the rebound and we are going to step in anc catch some momentum.
Volume: 5.418M Avg Volume: 1.196M
BUY POINT: $140.12 Volume=6M Target=$150 Stop=$135.55
POSITION: KTQ FW - June $140c (53 delta)
http://www.investmenthouse.com/ci/shld.html
Downside:
Play Date: 04/07/2005
AXP (American Express--$51.75; +0.22; optionable): Credit card services
http://biz.yahoo.com/p/a/axp.html
STATUS: Put. Despite a good consumer, AXP is sucking air. After a harsh downdraft in January to the 200 day SMA (52.70), it gapped higher to start February, surging 5 points. It wasted no time frittering that move away, tanking below the 200 day in mid-March and falling to 50. The past two weeks it has made a low volume rebound to the 18 day EMA (51.84), the past week showing very low volume. Thursday it tossed out a tight doji just below the 18 day EMA. Looking for AXP to roll over here on some rising volume. A move to the target brings us a 40%ish gain.
Volume: 2.891M Avg Volume: 5.138M
BUY POINT: $51.44 Volume=5M Target=$49.42 Stop=$51.98
POSITION: AXP QK - May $55p (-74 delta)
http://www.investmenthouse.com/ci/axp.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.
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stock split
stock recommendation
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