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us stock market, stock split
Begin part 3 of 3
THE PLAYS
Good movers: SHLD; AN; SSI
New Buy Point, existing Pre-Announcement Play:
Play Date: 04/11/2005
UNH (Unitedhealth Group--$97.21; -1.19; optionable): Health care plans. Forecast to announce a split 4-14-05 or 5-12-05 with a board meeting.
http://biz.yahoo.com/p/u/unh.html
STATUS: Breakout test. We just took some gain on UNH out of an abundance of caution and to lock in a very nice gain after it ran toward $100 and then fell back. Volume was a bit higher Monday so we were taking no chances as it heads into the forecast split announcement. It is getting a bit of cold feet, but that is going to give us a better entry point for the split play. We are looking for a test of the 10 day EMA (96.66) and perhaps a bit lower, maybe even to the 18 day EMA (95.23) though we think that would be a stretch. Want to let it make the test and then rebound through the buy point; if it goes lower to the 18 day EMA we will look at an aggressive buy point just over that level when it rebounds.
Volume: 2.972M Avg Volume: 2.548M
BUY POINT: Test 10 day EMA, then $96.75 on the way back up. Volume=3.8M Target=$105 Stop=$95.12
POSITION: UHB FS - June $95c (68 delta)
http://www.investmenthouse.com/cs/unh.html
Continuing Pre-Split Play:
Play Date: 04/09/2005
PIXR (Pixar--$98.51; -0.44; optionable): Multimedia movies. Splits 2:1 on 4-19-05
http://biz.yahoo.com/p/p/pixr.html
STATUS: Test breakout. Volume was up a bit as PIXR gapped higher but then gave back the move. It is still easily above the 10 day EMA (97.82) on this test, setting up the next move in its breakout. To recap: PIXR made us a decent gain on the last run and we said we would take a look at it again at the 10 day EMA if it held. We are looking for the stock to hold the 10 day and then start back up. That is where we move in once more for another move into the upcoming split. We don't mind playing pre-splits over and over as they make their moves up and down. A move to the target and we can bank in the neighborhood of 55%.
Volume: 713.471K Avg Volume: 562.227K
BUY POINT: $99.35 Volume=600K Target=$107 Stop=$97.55
POSITION: PQJ GT - July $100c (52 delta)
http://www.investmenthouse.com/cs/pixr.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
AAPL 04/09 Asc Tri 41.92 -1.82 44.05 50 29M 36M 42.35
Buy Not Issued. The stock has not made the move we were looking for so will drop.
ADBE 03/17 Test 50 66.8 -0.46 67.15 74 1.8M 3M 66.48
Current.
AHC 03/25 Test 50 98.72 +1.32 99.21 112.45 1.3M 2M 96.89
Current.
ANSS 04/02 Test 50 34.6 -0.27 36.11 42 116K 374K 34.72
Buy Not Issued. The stock has not made the move we were looking for so will drop.
APPX 03/29 Asc Tri 56.59 +0.5 54.91 62.45 601K 975K 55.89
Current.
BCR 04/02 Test 18 69.75 -0.15 69.45 77 477K 882K 68.38
Current.
BEBE 03/25 Test BO 35.89 -0.25 33.32 38.38 442K 775K 35.05
Current.
BOL 03/23 Asc Tri 75.19 +0.77 75.05 82 315K 700K 73.22
Buy Not Issued.
CBI 03/31 Test 50 24.46 +0.06 22.72 25.45 262K 250K 24.75
Trailing Stop.
CHD 03/12 Test 18 36.77 +0.1 36.75 42.85 176K 393K 35.89
Entered today.
CHS 03/25 Test 50 28.57 +0.01 27.82 32.65 1.7M 2.8M 27.88
Current.
CNMD 03/29 Cup hdl 30.7 -0.51 30.88 34.98 247K 300K 31.48
Current.
CTSH 04/05 Dbl btm 45.16 -0.64 48.25 55 1.1M 2.2M 45.84
Buy Not Issued.
CTSH 02/24 Test BO 45.16 -0.64 47.18 55 1.1M 2.5M 45.65
Current.
DGX 04/05 Test BO 105.8 +0.39 105.65 115 291K 875K 103.05
Buy Not Issued.
DIOD 04/07 Cup hdl 27.85 +0.04 28.44 33.35 74K 214K 27.32
Buy Not Hit.
DVA 04/09 Flat 43.67 +0.41 43.57 49 692K 1.1M 42.12
Buy Not Issued.
ESRX 04/05 DB hdl 85.6 -0.35 87.81 94 403K 1.2M 84.38
Buy Not Issued.
ESRX 03/17 Test BO 85.6 -0.35 83.35 94 403K 900K 85.03
Current.
IEX 04/09 Test 50 40.54 -0.29 40.95 46 191K 348K 38.78
Buy Not Hit.
JAH 04/06 DB hdl 49.18 +0.57 47.87 54 598K 460K 47.48
Current.
KBH 03/31 Test 50 119.05 +0.3 120.55 127 1.1M 1.8M 118.05
Buy Not Issued.
MATR 03/30 Cup hdl 31.85 -0.5 31.58 37.55 246K 353K 30.95
Current.
OPTN 03/10 Test BO 14.42 +0.22 13.59 15.64 603K 335K 13.86
Current.
PIXR 04/09 Test BO 98.51 -0.44 99.35 107 713K 600K 97.55
Buy Not Hit.
POT 04/09 Cup hdl 87.2 -1.19 89.45 98 418K 525K 87.15
Buy Not Issued.
PPDI 02/08 Cup hdl 48.64 -0.47 45.12 51 528K 722K 48.76
Trailing Stop.
SHLD 04/07 Test BO 146.96 +4.89 142.98 154 6.4M 6M 138.88
Current.
TBL 04/04 Test 50 71.82 -0.18 72.55 76 83K 350K 71.38
Current.
TTC 04/07 PreSplt 89.65 -0.41 90.82 99.55 144K 263K 88.92
Buy Not Hit.
TTWO 04/07 Cup hdl 39.77 -0.01 40.28 45 503K 1.3M 38.92
Buy Not Issued.
UNH 02/26 Test 50 97.21 -1.19 91.65 100 3M 3M 98.22
Target Hit. Still stalling near 100 so took the gain off the table & will look for a full test of the 10 day EMA to give us another entry point ahead of the forecast.
VLO 03/31 Test 18 76.49 -0.71 75.98 86 8.5M 5.5M 77.05
Current.
VMSI 03/22 Test 50 36.57 -0.73 35.24 40 201K 400K 36.45
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AN 03/29 Put 18.84 -0.13 18.75 17.73 484K 1.1M 19.15
Current.
AXP 06/19 Put 51.32 -0.22 37.75 34.05 2.3M 500K 41
SSI 04/04 Put 57.51 -0.77 57.48 55.31 314K 720K 58.46
Entered today.
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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us stock market
stock split
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