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stock split, stock recommendation
Begin part 2 of 2
THE PLAYS
Good movers: BELM; DIOD; IMDC; LRCX; TOL; TRMB
New Pre-Split Plays:
Play Date: 07/20/2005
EQT (Equitable Resources--$69.62; +0.03; optionable): Gas utilities. Splits 2:1 on 9-2-05.
http://biz.yahoo.com/p/e/eqt.html
STATUS: Test 18 day EMA. This is the first test of the 18 day EMA (69.18) after its strong, high volume surge in late May and early June. After that move EQT made a slow steady climb up the 10 day EMA (69.68) before slipping back to the 18 day the past three sessions. It showed a nice tight doji Wednesday that tapped the 18 day on the low and rebounded on some rising and just about average volume. Looking for it to blow through the 10 day EMA on some volume to enter positions.
Volume: 253.5K Avg Volume: 315.422K
BUY POINT: $70.05 Volume=350K Target=$75.95 Stop=$68.96
POSITION: EQT LN - Dec. $70c (53 delta)
http://www.investmenthouse.com/cs/eqt.html
New Post-Split Plays:
Play Date: 07/20/2005
CNC (Centene--$37.38; +1.38; optionable): Health care plans
http://biz.yahoo.com/p/c/cnc.html
After Hours: $36.44
STATUS: Cup w/handle. CNC broke higher two weeks back but immediately fell back to test the move, holding the 10 day EMA (35.90) and using that as support as it worked higher, looking for the next break higher. Got wild Tuesday with a dip to the 50 day EMA intraday and a furious recovery on volume. Then a solid volume move upside Wednesday as CNC moved off the 10 day. A nice 19 week cup with handle base sporting outstanding 7 to 2 accumulation (7 up price weeks on rising volume to 2 down price weeks on rising volume) shows major accumulation and setting up the breakout. Relative strength is making its breakout as well, a good corroboration of the breakout to come.
Volume: 870.5K Avg Volume: 463.648K
BUY POINT: $37.62 Volume=695K Target=$42.32 Stop=$35.78
POSITION: CNC LG - Dec. $35c (56 delta) &/or Stock
http://www.investmenthouse.com/cs/cnc.html
Play Date: 07/20/2005
JAH (Jarden--$37.92; +0.59; optionable): Branded consumer products of all kinds
http://biz.yahoo.com/p/j/jah.html
STATUS: Breakout test. JAH gapped higher in late June out of a 19 week ascending base that formed at the 50 day EMA. It rallied to 40 on solid trade, and has spent the past two weeks coming back on lower, below average volume to test the move. It has held above the 18 day EMA (36.95) on this test, and we are looking for the strong money flow to turn the stock back up to continue the breakout move. Want to see volume kick up as it continues the breakout move.
Volume: 345.5K Avg Volume: 722.417K
BUY POINT: $38.22 Volume=1.1M Target=$43.95 Stop=$36.69
POSITION: JEP JX - Oct. $36.625c (62 delta) &/or Stock
http://www.investmenthouse.com/cs/jah.html
Continuing Leader Plays:
Play Date: 07/16/2005
IDBE (ID Biomedical--$19.08; +0.22; optionable): Biotechnology
Earnings: Mid-August.
http://biz.yahoo.com/p/i/idbe.html
STATUS: Breakout test. IDBE continues to move laterally on below average volume after the strong move to start the month that broke it out from its base. Setting up for the next break higher. To recap: Tuesday saw IDBE blast out from a 30 week flat base that formed along the 50 day EMA, a key support level where institutions step in to accumulate shares in their favorite stocks. Accumulation has been a solid 10 to 7, showing there is in fact ongoing buying. This is a base on base pattern, having formed right on the heels of a 15 month cup base. That looks to have weeded out the sellers as IDBE took off last week on the heels of strong money flow. A quick lower volume test back on Thursday and Friday (though Friday posted a gain) is setting up the next move higher. Looking for volume to come back in as IDBE continues its breakout run. A market leader heading to a new all-time high where it will have room to stretch its legs.
Volume: 191.785K Avg Volume: 253.819K
BUY POINT: $19.28 Volume=350K Target=$22.45 Stop=$17.93
POSITION: QQ LW - Dec. $17.50c (68 delta) &/or Stock
http://www.investmenthouse.com/cs/idbe.html
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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stock split
stock recommendation
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