stock split, stock recommendation

Begin part 2 of 2

THE PLAYS

Full report issues Tuesday.

Good movers: FTO; GPN; NMGA; RESP

New Leader Play: Could turn into a pre-announcement.

Play Date: 04/25/2005
EW (Edwards Life Sciences--$43.78; +1.16; optionable): Medical appliances
http://biz.yahoo.com/p/e/ew.html
STATUS: 50 day EMA test. Volume has surged the past three sessions as EW crouched at the 50 day EMA (42.42). Monday it was done crouching and blasted higher on continued strong volume. This test follows the attempted breakout from an 11 week base in late February. No volume and that move failed, setting up the current 7 week test. Money flow is leading higher and relative strength broke out on the Monday move, moving to a new high ahead of the price. That is a bullish indication. Looking to move in on a further volume move higher and then take more positions on the test. Moving to a new high where there are no disgruntled shareholders.
Volume: 920.5K Avg Volume: 422.09K
BUY POINT: $44.05 Volume=600K Target=$50 Stop=$42.55
POSITION: EW HI - Aug. $45c (45 delta) &/or Stock
http://www.investmenthouse.com/cs/ew.html

New Downside Plays:

Play Date: 04/25/2005
ADBE (Adobe Systems--$60.04; -0.25; optionable): Application software
http://biz.yahoo.com/p/a/adbe.html
After Hours: $60.50
STATUS: Put. ADBE is moving into its split date (2:1 on 5-24-05), but it is struggling. Nasty gap lower 6 sessions back after announcing it was buying MACR. It has rallied back to the 10 day EMA (60.75) on lower and lower volume, filling the gap. Looking for a turn back down here on continues volume. A move down to the target nets a 38%ish gain.
Volume: 4.998M Avg Volume: 3.177M
BUY POINT: $59.88 Volume=4.5M Target=$57.42 Stop=$60.92
POSITION: AEQ RL - June $60p (-43 delta)
http://www.investmenthouse.com/cs/adbe.html

CONTINUING PLAYS

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http://stocksplits.net/ssr/table.php

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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

AMHC 04/12 Test BO 39.1 +0.5 37.42 43.45 1.5M 713K 37.65
Current.

APPX 03/29 Asc Tri 55.35 -0.21 54.91 62.45 377K 975K 54.94
Current.

AYE 04/18 Test 50 23.5 +0.08 22.28 26.75 987K 1.2M 22.32
Current.

BCR 04/02 Test 18 70.72 +0.23 69.45 77 560K 882K 69.05
Current.

CHTT 04/21 Test 50 42 +0.49 42.62 48.89 288K 300K 41.35
Buy Not Hit.

CI 04/16 Cup hdl 89.08 +1.08 89.11 100 619K 1.6M 87.45
Buy Not Issued.

CVH 04/23 Test 50 68.38 +1.6 67.32 75 798K 1.2M 65.05
Buy Not Hit. Continued move off 50 day MA. Could have entered, but
held back due to lack of volume & market volatility Monday.

DADE 04/21 DB hdl 59.82 +0.52 60.25 66.45 187K 319K 58.89
Buy Not Hit.

DIOD 04/23 Cup hdl 26.81 -0.07 27.48 33.35 59K 214K 26
Buy Not Hit.

ESRX 04/05 DB hdl 87.43 -0.77 88 94 1.8M 1.2M 87.45
Current.

ESRX 03/17 Test BO 87.43 -0.77 83.35 94 1.8M 900K 87.45
Current.

FO 04/16 Test BO 87.14 -0.61 87.55 99 919K 908K 85.65
Buy Not Hit.

FTO 04/18 Test BO 45.17 +3.9 42.11 45.75 920K 525K 40.89
Current.

GPN 04/13 Test BO 66.83 +0.91 64.28 72 329K 300K 64.05
Current.

GPRO 04/19 Cup hdl 52.19 +0.88 51.38 59 989K 1.1M 49.89
Current.

GTIV 04/19 Test BO 18.42 +0.32 17.92 20.75 81K 320K 18.11
Current.

HSY 04/23 Test 50 63.75 +0.56 63.83 70.55 1M 1.1M 61.87
Entered today.

HYTM 04/14 Asc Tri 7.59 -0.28 8.55 10.25 225K 155K 8
Buy Not Hit. The stock has not performed so will drop.

MCRS 04/23 Cup hdl 36.6 +0.04 38.04 44 273K 469K 37.11
Buy Not Hit.

NMGA 04/23 FlyPlat 96.6 +2.26 96.27 105.65 720K 709K 94.05
Entered today.

ORCT 04/21 Test BO 20.95 +0.55 21.98 26 320K 725K 20.44
Buy Not Hit.

PDCO 04/16 Test 18 51.15 +0.95 52.12 56.25 603K 1.1M 50.89
Buy Not Issued.

PFCB 04/12 Test BO 58.91 -0.24 59.55 68 351K 582K 57.98
Buy Not Issued.

RESP 04/21 Asc Tri 63.75 +1.15 61.44 68 290K 295K 61.55
Current.

STZ 04/21 Test BO 56.66 +0.71 56.95 63.75 668K 1M 55.65
Buy Not Hit.

SWN 04/23 Rv H&S 61.04 +1.05 60.75 65 433K 650K 58.35
Buy Not Issued.

VLO 03/31 Test 18 75.87 +0.83 75.98 86 16M 5.5M 73.05
Current.

XRAY 04/16 Cup hdl 55 0 56.22 62 468K 700K 54.98
Buy Not Hit.

Downside Plays

Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop

JCI 04/23 Put 55.83 +0.97 54.75 52.72 1.6M 950K 55.21
Buy Not Hit.

MCK 04/20 Put 35.65 +0.57 35.25 33.72 2.3M 2M 35.65
Current.

XLE 04/19 Put 42.63 +0.59 41.19 39.84 13M 2M 41.95
Current.

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.

stock split
stock recommendation