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world stock market, us stock market
Begin part 2 of 2
THE PLAYS
Good Movers: AGP; PHS; POT; WFMI
New Post-Split Play:
Play Date: 07/06/2005
CNC (Centene--$34.34; +0.63; optionable): Health care plans
http://biz.yahoo.com/p/c/cnc.html
STATUS: Cup w/handle. Split in December 2004 and managed to rally on into early March. It then fell into the current 17 week base that used the 200 day SMA (28.97) on the lows as support. Low volume rally up through May and June to form the right side of the base. Solid 6 to 3 accumulation (6 up price weeks on rising volume to 3 down price weeks on rising volume) shows plenty of buying during the pattern. Nice low volume handle the past two weeks looks to have shaken out the last sellers. Good volume surge Wednesday as CNC moved up off the 10 day EMA (33.49) and started the breakout move. Ready to break to a new all-time high after a good base set the foundation for the breakout and next run.
Volume: 788.4K Avg Volume: 449.617K
BUY POINT: $34.48 Volume=650K Target=$40.55 Stop=$33.05
POSITION: CNC LG - Dec. $35c (56 delta) &/or Stock
http://www.investmenthouse.com/cs/cnc.html
Play Date: 07/06/2005
MRVL (Marvell Technology--$39.71; +0.53; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/m/mrvl.html
After Hours: $39.77
STATUS: Breakout test. While the market struggled Wednesday, MRVL continued a jump up off the 50 day EMA (38.34) and the highs from its 10 week base it broke out of in mid-May. Strong volume on the breakout and then a nice, low volume pullback to test that move the past 5 weeks. Volume has started higher the past two sessions as MRVL started off the 50 day. Solid money flow. Looking for a bit more volume as it continues higher on the rebound move.
Volume: 2.682M Avg Volume: 3.58M
BUY POINT: $40.11 Volume=3.8M Target=$45.35 Stop=$38.74
POSITION: UVM KH - Nov. $40c (54 delta) &/or Stock
http://www.investmenthouse.com/cs/mrvl.html
Continuing Post Split Play:
Play Date: 07/05/2005
MSCC (Microsemi--$19.69; +0.3; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/m/mscc.html
After Hours: $19.71
STATUS: Breakout test. Continued the move off the 50 day EMA (19.02) Wednesday but volume could not keep pace. Still looks ready to make the rebound move but really need to see the volume jump back up. To recap: MSCC made us some good money earlier in the year and after taking a gain we let it come back to the 50 day EMA to set up once more. It has done that and has started to bounce on some stronger though still below average volume. It broke out from a 22 week cup with handle base and rallied to 21. This is its first test of the breakout. Strong 8 to 4 accumulation (8 up price weeks on rising volume to 4 down price weeks on rising volume) in the base has set up the breakout and run. Solid money flow to go with the accumulation. Looks ready to continue the move higher; just want to see some more volume as it makes the move.
Volume: 645.153K Avg Volume: 910.975K
BUY POINT: New: $19.84 (orig. $19.59) Volume=1.4M Target=$22.72 Stop=$18.79
POSITION: QMS LD - Dec. $20c (51 delta) &/or Stock
http://www.investmenthouse.com/cs/mscc.html
Continuing downside plays:
Play Date: 06/30/2005
FDX (Federal Express--$82.29; -0.71; optionable): Overnight delivery
http://biz.yahoo.com/p/f/fdx.html
STATUS: Put. After that nasty drop in late June FDX has fought back but on lower volume. It has run into the 10 day EMA (82.88), and in a show of massive weakness that initial resistance has stalled it. Looks ready to fall back down. To recap: Volumes are down all over the world with the shippers and FDX is not immune. It based in January and February but collapsed. It tested the 200 day SMA up over 90 in early June, failed, tested the 50 day EMA and failed, and now has tested the 10 day EMA and is failing here. Ready to move in for a downside play on a continued drop. A move to the target lands us a 42%ish gain.
Volume: 1.872M Avg Volume: 2.094M
BUY POINT: $81.88 Volume=2.7M Target=$78.54 Stop=$83.15
POSITION: FDX TQ - Aug. $85p (-68 delta)
http://www.investmenthouse.com/cs/fdx.html
CONTINUING PLAYS
* * SPREADSHEET DOWNLOAD * * *
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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
ABV 06/09 Cup hdl 30.55 -0.12 27.27 31.35 190K 625K 30.31
Current.
ACMR 06/15 Asc Bse 31.77 -1.23 30.83 36.75 262K 244K 32
Current.
AGP 06/17 Cup hdl 42.3 +0.75 40.59 46.55 684K 846K 40
Current.
ANSS 07/02 Cup hdl 35.39 +0.04 36.35 42 135K 316K 34.88
Buy Not Hit.
APA 07/02 PreAnn 68.44 -0.89 68.33 76.84 3M 3.9M 65.89
Current.
ARO 07/02 PreAnn 33.81 -1.16 34.65 39.75 2.5M 1.8M 33.38
Current.
BBY 06/28 PreSplt 70.79 +0.03 69.42 76.75 2.7M 3.8M 68.35
BEBE 04/28 Test 50 28.72 +0.47 23.48 28.5 726K 1M 25.95
Current.
BEN 06/24 Rv H&S 80.02 +0.68 74.15 82 1.7M 1.6M 77.48
Current.
CDIS 07/05 PreAnn 54.18 -0.76 55.15 62.98 457K 750K 52.12
Buy Not Hit.
CETV 06/21 PreSplt 49 0 49.05 58.95 198K 376K 47.77
Buy Not Issued.
COG 07/02 Cup hdl 37.19 -0.41 37.45 43.35 475K 700K 35.97
Current.
COH 05/28 Test BO 34.13 -0.66 29.85 34.55 1.8M 3.2M 33.28
Current.
DGX 06/14 PreSplt 53.23 -0.33 53.24 56 698K 700K 52.72
Current.
DNA 06/08 Test 18 80.91 -0.95 81.28 90 2.2M 7.6M 80.31
Current.
DNA 04/28 Test BO 80.91 -0.95 70.42 81 2.2M 8.2M 80.31
Current.
DO 06/29 Test BO 55.85 -0.65 54.22 64 1.6M 2.2M 53.97
Current.
DO 06/10 Cup hdl 55.85 -0.65 51.38 60 1.6M 3M 53.97
Current.
EAT 07/02 PreAnn 39.45 -0.7 40.38 46.42 604K 1.2M 39.37
Buy Not Hit.
ENR 06/25 PreAnn 61.47 -1.06 62.88 70 366K 450K 61.08
Buy Not Hit.
EQT 06/28 PreAnn 69 -0.52 68.75 77.35 180K 450K 67.39
Buy Not Issued.
ESRX 06/25 Test BO 49.9 -1.37 51.37 55.21 1.8M 1.2M 49.89
Current.
EXBD 06/21 PreSplt 77.09 -2.03 73.32 82 1M 235K 78.25
Buy Not Issued.
FLO 06/14 PreSplt 24.08 -0.13 23.28 25.63 314K 313K 23.31
Current.
FLO 06/01 Test BO 24.08 -0.13 22.21 24.84 314K 269K 23.31
Current.
FRK 06/27 PreSplt 49.61 +0.36 47.46 51.64 525K 350K 48.35
Current.
FTO 06/08 PreSplt 31.59 -0.5 26.03 28.54 1.3M 800K 31.04
Current.
GOOG 06/30 PreAnn 291.52 -4.18 291.25 314 8M 20M 291.25
Buy Not Hit.
HOC 06/25 PreAnn 47.04 +0.1 45.12 51.77 465K 450K 45.32
Current.
IMDC 06/30 Cup 66.65 -0.46 67.38 75.75 125K 900K 65.68
Current.
IMGC 07/05 Cup hdl 30.31 -0.35 31.25 35.95 142K 226K 28.67
Buy Not Hit.
IVGN 06/23 PreSplt 84.89 -0.01 81.58 91.75 837K 1.1M 82.44
Current.
IVX 06/14 PreAnn 20.59 -0.58 21.05 24 2.8M 3M 21.04
Exited. After that wild Tuesday and recovery it started to
slip again so we bagged it.
JOSB 06/29 Test 18 43 -1.08 43.92 50.55 406K 500K 42.15
Buy Not Issued.
KWK 06/23 PreSplt 44.59 -1.47 40.99 45.35 1.4M 886K 44.45
Target Hit.
MHS 06/30 PreAnn 50.75 -2.15 54.35 62 18M 2.9M 52.66
Buy Not Hit.
MSCC 07/05 Test 50 19.69 +0.3 19.59 22.72 645K 1.4M 18.79
Buy Not Issued.
ODP 06/28 Cup hdl 23 +0.09 23.21 27.45 1.7M 2.5M 22.12
Buy Not Issued.
OPTN 06/29 DB hdl 13.91 -0.27 14.62 17 328K 569K 13.75
Buy Not Hit.
ORCT 05/16 Rv H&S 27.38 -0.42 23 26.44 153K 573K 26.38
Current.
PARL 06/17 Test BO 30.8 +0.87 29.11 35 537K 631K 27.54
Buy Not Issued.
PDC 06/17 Rv H&S 15.71 -0.04 14.75 17.68 412K 750K 15.04
Current.
PDS 06/23 PreSplt 40.28 +0.71 40.72 45.82 3.1M 825K 39.62
Buy Not Issued.
PHS 06/11 Test BO 77.09 +4.41 66.75 74.42 6.6M 1.2M 70.62
Current. Took the rest of the gain off the table as UNH announced
an acquisition of this company.
PLCE 07/05 PreAnn 49.09 +0.42 49.25 56.31 907K 850K 47.55
Entered today.
POT 06/22 PreAnn 99.11 +2.53 99.09 108.45 393K 719K 96.32
Entered today.
RMD 07/05 PreAnn 65.92 -0.54 66.95 75 375K 325K 64.11
Buy Not Hit.
RYN 06/17 PreAnn 52.95 -0.84 54.25 61.15 183K 433K 52.94
Buy Not Hit.
SM 06/27 Test BO 30.31 -0.14 29.97 34.25 225K 450K 29.03
Current.
STJ 06/20 DB hdl 43.82 -0.5 43.12 49.28 1.9M 3M 43.25
Current.
STZ 05/04 PreSplt 29.8 +0.05 27.83 31.88 1.5M 1M 29.32
Current.
TSCO 06/21 PreSplt 49.25 -0.3 49.32 55.48 370K 556K 47.88
Current.
TSCO 06/04 PreAnn 49.25 -0.3 45.88 52.72 370K 500K 47.88
Current.
UNH 05/10 DB hdl 53.5 +0.27 50.35 56.78 13M 3.5M 51.45
Current.
UNH 04/30 Dbl btm 53.5 +0.27 48.11 52.51 13M 3.5M 51.45
Current.
URBN 06/28 PreAnn 57.77 -0.43 58.89 67.55 620K 1.5M 56.55
Buy Not Issued.
URBN 05/05 Test BO 57.77 -0.43 46.53 52 620K 1.6M 55.89
Current.
USPI 06/16 PreSplt 52.69 +0.09 52.35 59.95 184K 400K 50.97
Buy Not Issued.
VLO 06/27 Cup hdl 83.5 -1.46 81.48 92.28 6.3M 12M 83.39
Current.
WFMI 07/05 PreAnn 123.28 +3.6 122.85 131.38 2.6M 1.3M 119.94
Entered today.
WFMI 06/14 Test BO 123.28 +3.6 118.65 129 2.6M 1.2M 117.38
Current.
XTO 07/01 Cup hdl 36.61 -0.12 36.47 42.32 4.2M 4.7M 35.45
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
EBAY 06/23 Put 33.56 +0.02 34.38 32.35 18M 22M 33.15
FDX 06/30 Put 82.29 -0.71 81.88 78.54 1.9M 2.7M 83.15
Buy Not Hit.
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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