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stock split, stock recommendation
Begin part 2 of 2
Full report issues Tuesday.
THE PLAYS
Good movers: AMED; CELL; DNA; MRVL; PWR; ISSC
New Post-Split Plays:
Play Date: 08/22/2005
ORBK (Orbotech--$25.45; +0.82; optionable): Automated optical inspection products for printed circuit boards, flat panel displays
http://biz.yahoo.com/p/o/orbk.html
After Hours: $25.41
STATUS: Test 50 day EMA. ORBK broke out from a 20 week double bottom base in late July and rallied to 26. It tested back with the market, holding above the 50 day EMA (23.65) on the test. A solid volume jump Thursday and then an upside move today on rising volume. Looks like a successful breakout test and a buy on a continued volume move higher. The base sports outstanding 8 to 2 accumulation (8 up price weeks on rising volume to 2 down price weeks on rising volume), setting the foundation for a good move. Money flow is surging ahead of price.
Volume: 126.6K Avg Volume: 112.917K
BUY POINT: $25.57 Volume=200K Target=$29.89 Stop=$24.52
POSITION: OKQ AE - Jan. $25c (57 delta) &/or Stock
http://www.investmenthouse.com/cs/orbk.html
New Index Play:
Play Date: 08/22/2005
SMH (Semiconductor Holders Trust--$36.77; +0.53; optionable)
http://biz.yahoo.com/p/s/smh.html
STATUS: Test 50 day EMA. Volume jumped back up toward average Monday as the semiconductor ETF jumped off the 50 day EMA (36.02) and then cleared the 18 day EMA (36.69) on the close. Stair-stepping up the 50 day EMA since the April bottom, this being the second such test. Good volume and looking for positions as it continues its move higher as the semiconductors try to lead the rebound.
Volume: 18.462M Avg Volume: 21.361M
BUY POINT: $36.88 Volume=21M Target=$41.38 Stop=$36
POSITION: SMH KG - Nov. $35c (72 delta)
http://www.investmenthouse.com/cs/smh.html
CONTINUING PRE-SPLIT PLAYS:
Play Date: 08/18/2005
VIVO (Meridian Biosciences--$25.48; +0.76; optionable): Diagnostic substances. Splits 3:2 on 9-6-05.
http://biz.yahoo.com/p/v/vivo.html
STATUS: Test 18 day EMA. Volume moved back up toward average Monday as VIVO moved up off its 18 day EMA (24.52) test. VIVO looks as if it wants to follow that money flow higher. To recap: VIVO broke out of a 6.5 month base in June and has run up the 18 day EMA, now making one of those periodic tests of that support. Volume has swelled the past week as it crouches before the next move. Big volume spike Wednesday on an upside day. Looking for a solid volume session with a strong break higher.
Volume: 123.319K Avg Volume: 125.015K
BUY POINT: $25.65 Volume=187K Target=$30.75 Stop=$24.22
POSITION: ZUG AE - Jan. $25c (53 delta) &/or Stock
http://www.investmenthouse.com/cs/vivo.html
CONTINUING POST-SPLIT PLAYS:
Play Date: 08/12/2005
AAPL (Apple Computer--$45.83; -0.47; optionable): PC's and Ipod's
http://biz.yahoo.com/p/a/aapl.html
STATUS: Breakout test. Still making the test, holding the 10 day EMA (45.50) again Friday on more below average volume. This is setting up the continue breakout move after this very orderly test. To recap: Coming back to tap at the 10 day EMA on lower, below average volume. This move follows the sharp breakout a week back from its 24 week cup with handle base that formed around the 50 day EMA. Very nice test of the breakout, using the market selling to make this low volume pullback. A rebound on strong volume proves up the breakout and shows buyers ready to move in once again. The first breakout test is one of our favorite entry points.
Volume: 13.642M Avg Volume: 17.788M
BUY POINT: New: $46.38 (orig. $46.01) Volume=29M Target=$53.55 Stop=$45.39
POSITION: QAA AI - Jan. $45c (59 delta) &/or Stock
http://www.investmenthouse.com/cs/aapl.html
Play Date: 08/18/2005
JAH (Jarden--$37.70; +0.27; optionable): Branded consumables.
http://biz.yahoo.com/p/j/jah.html
STATUS: 50 day EMA test. Volume has moved above average the past two sessions as JAH moves off of the 50 day EMA (36.36). Money flow is moving higher even as JAH makes this test. Ready to start its pre-split run. To recap: Volume jumped above average Thursday as JAH jumped off the 50 day EMA. That is exactly what you want to see, volume off the 50 day. Even though it is in the consumer products arena JAH looks solid with money flow leading higher. It needed a breather after its split, and this pullback where it has hugged the 50 day for the past two weeks has given it that. Looking to move in as it continues higher on solid trade.
Volume: 715.4K Avg Volume: 641.691K
BUY POINT: $37.88 Volume=959K Target=$43.68 Stop=$36.25
POSITION: JEP AX - Jan. $36.62c (62 delta) &/or Stock
http://www.investmenthouse.com/cs/jah.html
Play Date: 08/18/2005
TEVA (Teva Pharmaceutical--$33.29; -0.1; optionable): Drugs
http://biz.yahoo.com/p/t/teva.html
STATUS: Cup w/handle. Low volume test of the 10 day EMA (32.86) Friday and then a rebound to close basically flat. Still ready to make the breakout from the handle; just need to see volume return as it makes the move. To recap: Volume has jumped back above average the past two sessions as TEVA tries the breakout from its 11 week base that formed using the 200 day SMA (30.36) on the bottom of the pattern. This comes after a November 2004 to May rally and the stock needed a breather. Excellent volume surge the past month as it built the right side of the base and then backing off as it formed the handle the past two weeks. Ready to follow the strong money flow higher.
Volume: 3.061M Avg Volume: 4.693M
BUY POINT: $33.68 Volume=7M Target=$38.75 Stop=$32.35
POSITION: TVQ LZ - Dec. $32.50c (61 delta) &/or Stock
http://www.investmenthouse.com/cs/teva.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
AAPL 08/12 Cup hdl 45.87 +0.04 46.01 53.55 14M 29M 45.39
Current. Gapped up at the open, but gave most of it back on below average volume. Testing the breakout. May continue to test back to the 10 day MVA (45.75)
ADSK 08/04 Dbl btm 40.41 0 37.62 43.38 3.2M 2.7M 39.77
Current. Beginning to level off on much lower5, but above average volume holding onto the stock's gain.
AMED 08/19 Test BO 43.55 +0.88 42.41 47.25 364K 500K 42.39
Current. Gapped up at the open and continued to move up the 10 day MVA for a nice gain on lower below average volume
AMED 07/23 Test BO 43.55 +0.88 39.48 44.98 364K 500K 42.39
Current.
AMX 08/04 Test BO 22.6 +0.35 22.21 25.55 1.1M 5M 21.54
Buy Not Issued. Volume not there to enter the play. Will let stock test back.
ANDS 08/15 Test 18 12.4 +0.04 12.97 15.55 49K 300K 12.42
Buy Not Issued. Tapped 12.09 at the intraday low and rallied back showing a doji on low volume. Should be ready to move up from here.
ANSI 08/09 PreAnn 51.17 +0.15 51.45 60.78 249K 600K 49.65
Buy Not Issued. Tapped 12.09 at the intraday low and rallied back showing a doji on the 18 day MVA on very low volume. Testing the breakout. Should be ready to bounce from here.
ANSS 08/20 Test BO 37.89 -0.03 38.73 43.88 157K 241K 37.38
Buy Not Hit.
APPX 08/06 PreAnn 47.52 -0.42 47.26 54.45 554K 903K 46.02
Pullback on lower, but slightly above average volume. Still in uptrend.
ASVI 08/20 PreSplt 46.6 +0.24 46.72 52.55 132K 167K 44.78
Buy Not Issued.
ATVI 08/13 Test BO 19.99 -0.04 20.05 23.45 964K 2.8M 19.42
Buy Not Issued.
CELL 08/16 PreSplt 26.63 +0.39 25.55 28.67 348K 368K 25.28
Current.
CETV 08/13 PreAnn 52.22 +1.76 51.28 58.95 199K 250K 49.76
Buy Not Issued. Reported good earnings but could not generate any excitement, falling short of our target volume. Decided not to enter.
CMVT 08/20 Test BO 25.89 +0.2 26.32 29.95 1.6M 2.1M 25.55
Buy Not Hit. Tapped 25.51 at the intraday low and rallied back on below average volume. Still in the pattern.
CWTR 08/11 PreAnn 26.1 +0.25 27.88 32.38 447K 712K 26.42
Buy Not Issued. Tapped 25.53 at the intraday low and rallied back showing a tight doji on rising, but average volume. Came off the day's high of 26.90. Testing the breakout. Should be ready to bounce from here.
DADE 07/30 PreSplt 72.4 -0.35 73.66 79.98 402K 500K 72.54
Current. Pullback on lower below average volume. Testing the breakout. May continue to test back to 72.
DNA 06/08 Test 18 90.18 +1.03 81.28 90 2.9M 7.6M 86.21
Current. Tested the 10 day MVA intraday and rallied back for a nice gain. Holding at some resistance.
DNA 04/28 Test BO 90.18 +1.03 70.42 81 2.9M 8.2M 86.21
Current.
DRIV 08/02 Test BO 39.11 +0.26 38.78 44.42 462K 1.6M 37.72
Current. Bounced off the 10 day MVA on rising, but below average volume. Meeting resistance at 40.
ESRX 08/13 Test BO 57 +0.3 56.04 63.11 1.3M 1.6M 55.05
Current. Continue with the uptrend on average volume.
GYI 08/16 Test BO 83.2 -1 82.69 92.92 245K 742K 81.77
Current. Ease back on low volume. Testing the breakout. May test back to 82.73.
HRS 08/04 Test BO 37.3 +0.3 37.45 42.22 842K 1M 36.42
Current. Tested the 10 day MVA intraday and rallied back on rising, but average volume. Meeting some resistance here.
IEX 08/08 Test BO 43.17 +0.43 43.15 48.99 154K 315K 42.72
Current. Bounced off the 18 day MVA on rising, but below average volume. Looking good making higher lows.
IMDC 06/30 Cup 74.5 -0.38 67.38 75.75 251K 900K 73.38
Current.
IR 08/08 PreSplt 78.98 -0.08 80.19 88.42 801K 1.2M 78.48
Current.
JAH 08/18 Test 50 37.58 -0.12 37.88 43.68 432K 959K 36.25
Buy Not Issued. Pullback tapping 37.01 at the intraday low and rallied back on lower below average volume. Meeting resistance at 38.
JOYG 08/09 Test BO 41.89 -0.39 42.12 48.94 351K 1M 41.81
Current.
KMG 08/16 Test BO 86.72 +0.73 87.28 97.95 2M 3.3M 84.41
Entered today.
LLL 08/17 PreAnn 80.18 +0.78 80.38 90.45 471K 1.2M 78.58
Buy Not Issued.
LM 08/09 PreAnn 106.5 -0.72 108.71 120.55 443K 1.8M 106.22
Current.
MMSI 07/28 Test 18 18.1 +0.3 17.74 20.44 166K 235K 16.79
Buy Not Issued. Move up the 10 day MVA on rising, but average volume. Volume not there to enter the play. Will let stock test back.
MRVL 08/18 PreAnn 45.79 +1.59 43.48 49.45 5.1M 3.3M 43.79
Current.
MSCC 08/17 Test BO 23.29 +0.32 23.54 27 495K 900K 22.29
Buy Not Issued. Tapped 22.85 at the intraday low and rallied back on low volume. Came off the day's high of 23.46. Still in the pattern.
PWR 07/22 Rv H&S 11 +0.19 10.08 12.12 707K 1M 10.55
Current. Tested the 10 day MVA intraday and rallied back for a nice gain on low volume. Meeting resistance here.
RMD 08/18 PreSplt 68.38 +0.61 67.93 76 195K 359K 66.55
Current.
SYK 08/06 Test BO 53.64 +0.34 53.35 59.99 1M 2M 52.78
Current.
TECH 08/13 PreAnn 52.45 +0.49 49.92 56.95 254K 365K 51.11
TEVA 08/18 Cup hdl 32.86 -0.43 33.68 38.75 4M 7M 32.35
Buy Not Hit.
USNA 08/20 PreAnn 50.18 +0.53 50.22 57.21 341K 300K 48.32
Entered today. Entered a partial position as USNA surged early, tested, & then started back up in the last hour. A bit aggressive
given the rally and fade but like the action in the market.
VIVO 08/18 PreSplt 25.48 +0.76 25.65 30.75 123K 187K 24.22
Buy Not Hit. Bounced off the 18 day MVA on rising, but below average volume. Looking good.
WC 07/28 Test 50 71.1 +0.49 67.45 75.75 52K 350K 69.89
Current.
WWY 08/18 Test BO 72.07 -0.01 72.38 81.44 364K 808K 70.95
Buy Not Issued.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
GMR 08/13 Put 34.91 +0.01 35.99 34 841K 815K 34.89
Gapped up at the open, but gave most of it back on slightly above average volume. Meeting support at 34.50
HRB 08/20 Put 54.88 -0.24 54.85 52.82 1.5M 1.1M 55.28
Entered today. Nice move down below the 200 day MVA on strong volume. Did come off the day's low of 54.70.
ISSC 08/13 Put 18.13 -0.5 17.31 16 97K 400K 18.05
Current. Gapped up at the open and rolled over for a nice move down on low volume. Meeting support at 18.
JOSB 08/16 Put 38.59 +0.71 39.85 37.83 206K 300K 40.55
Bounced on lower below average volume. May continue to test up to 3.61.
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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