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us stock market, stock split
Begin part 3 of 3
THE PLAYS
Good movers: MRVL; RMD; GMR; ISSC; JOSB
New Pre-Split Play:
Play Date: 08/23/2005
GPN (Global Payments--$66.62; +0.74; optionable): Splits 2:1 on 10-31-05
http://biz.yahoo.com/p/g/gpn.html
STATUS: Cup w/handle. GPN moved lower through the 50 day EMA (66.50) last week and then rebounded Tuesday on rising though still below average volume, moving back through that level. Solid 4 to 2 accumulation (4 up price weeks on rising volume to 2 down price weeks on rising volume) shows net buying along with the strong money flow leading higher. Nice shakeout and now it looks ready to make its pre-split run.
Volume: 183.7K Avg Volume: 289.448K
BUY POINT: $66.95 Volume=365K Target=$75.25 Stop=$65.44
POSITION: GPN KM - Dec. $65c (59 delta) &/or Stock
http://www.investmenthouse.com/cs/gpn.html
New Post-Split Plays:
Play Date: 08/23/2005
SNDK (Sandisk--$35.25; +0.2; optionable): Flash storage products
http://biz.yahoo.com/p/s/sndk.html
After Hours: $35.37
STATUS: Test 18 day EMA. SNDK is another market leader testing near support at the 18 day EMA (34.66) after a nice breakout from a 14 week double bottom with handle base back in late July. Positive accumulation in the base set up the breakout and run higher. Good lower, below average volume on the test is setting up the next move higher. Looking to step in on this leader as it rebounds through the 10 day EMA (35.50).
Volume: 3.928M Avg Volume: 4.606M
BUY POINT: $35.62 Volume=520K Target=$40.96 Stop=$34.48
POSITION: SWQ AG - Jan. $35c (53 delta) &/or Stock
http://www.investmenthouse.com/cs/sndk.html
Play Date: 08/23/2005
USPI (United Surgical--$38.74; +0.74; optionable): Specialized health services
http://biz.yahoo.com/p/u/uspi.html
After Hours: $38.82
STATUS: Test breakout. USPI broke out in March and rallied to 37 into early July. From there it formed a quick 6 week cup with handle and broke out early this month. With the market selling it could not do much with the move, but it did not sell back. It held in a tight lateral range as the 10 day EMA (37.85) moved up to meet it. Tuesday that helped bump USPI higher into what looks to be the next upside leg. Money flow is leading higher as USPI looks ready to continue its breakout run.
Volume: 304.448K Avg Volume: 428.288K
BUY POINT: $39.08 Volume=550K Target=$43.96 Stop=$37.68
POSITION: QPJ KU - Nov. $37.50c (53 delta) &/or Stock
http://www.investmenthouse.com/cs/uspi.html
New Leader Play:
Play Date: 08/23/2005
MINI (Mobile Mini--$40.41; +0.62; optionable): Metal mobile buildings
http://biz.yahoo.com/p/m/mini.html
STATUS: Test 50 day EMA. MINI broke out from a 15 week cup with handle base in late July, surging over 44 on strong volume. Came back to the 50 day EMA (38.98) on lower volume the past three weeks, and then volume rebounded the past two sessions as it moved up off the 50 day, volume moving over average Tuesday. Strong 6 to 1 accumulation in the pattern (6 up price weeks on rising volume to 1 down price weeks on rising volume) shows plenty of buying as MINI consolidated, using the 200 day SMA (35.82) at the bottom. After the strong breakout it has fully tested the move. Money flow remains strong, and if it can continue showing the good volume we will be ready to move in as it continues higher through the buy point.
Volume: 146.373K Avg Volume: 95K
BUY POINT: $40.95 Volume=150K Target=$46.95 Stop=$39.69
POSITION: UAC KH - Nov. $40c (54 delta) or UAC BI - Feb. $45c (38 delta) &/or Stock
http://www.investmenthouse.com/cs/mini.html
Continuing Leader Play:
Play Date: 08/20/2005
CMVT (Comverse Technology--$25.69; -0.13; optionable): Telecom processing systems
http://biz.yahoo.com/p/c/cmvt.html
STATUS: Test breakout. ery tight lateral move over the 18 day EMA (25.69), showing a series of dojis along that near support. Volume has crept higher the past three sessions as it holds this higher level after breaking out from a 16 week ascending triangle. Looks super, and really like the volume that is picking up. To recap: CMVT broke out in early August on a strong volume shot, moving out of a 15 week ascending triangle sporting excellent 6 to 2 accumulation (6 up price weeks on rising volume to 2 down price weeks on rising volume). As the market sold back the past two weeks CMVT has held the 18 day EMA (25.64) on nice low, below average volume. Friday volume bounced back close to average as CMVT showed a tight doji. Excellent action as it sets up for the next break higher to a 3.5 year high.
Volume: 1.615M Avg Volume: 1.807M
BUY POINT: $26.32 Volume=2.1M Target=$29.95 Stop=$25.55
POSITION: CQV AE - Jan. $25c (60 delta) &/or Stock
http://www.investmenthouse.com/cs/cmvt.html
Play Date: 08/22/2005
SMH (Semiconductor Holders Trust--$36.59; -0.18; optionable):
http://biz.yahoo.com/p/s/smh.html
STATUS: Test 50 day EMA. Rallied off the 18 day EMA (36.68) but could not hold the move in the market weakness. Still set up to continue the move higher after testing the 50 day EMA (36.05). To recap: Volume jumped back up toward average Monday and Tuesday as the semiconductor ETF jumped off the 50 day EMA and then cleared the 18 day EMA 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: 17.537M 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
PRE-ANNOUNCEMENT PLAYS
Current Pre-Announcement Plays: This is a list of stocks we are looking to announce splits. We are not in all of the potential splits plays but are letting them set up for the next move. In each report we look at the candidates that are in the best patterns ahead of their potential announcements. This focus on leaders in good patterns allows us to make good money even if companies do not announce the split. The key with splits is the pattern.
Dates: We are in the process of pinpointing dates for several of these leaders. As we glena more information we will include more specific dates, but with many, the pattern is good and we want to move in when they show us it is time to buy. That way we can enjoy a nice gain even as the stock sets up for the eventual announcement.
ANSI: Researching to pinpoint the date.
APA: Forecast 9-9-05. Showing a doji over the 50 day EMA after testing that level last week.
CETV: Tentatively forecast in mid-October.
CHTT: Forecast 9-19-05 after the close. Turning back down from the 50 day EMA. Not doing it.
CWTR: Forecast 8-24-05 after the close. Split in March so this is a bit of a wildcard.
DNA: DNA continues its lateral move over the past 6 weeks.
GYI: Making a nice test of the move higher last week.
IEX: Researching to pinpoint date as IEX holds the 18 day EMA and tries to set up the next move higher.
KMG: No announcement in July with earnings; researching to pinpoint the date.
LLL: Tentatively forecast for late October.
LM: Did not announce on 7-21-05 but a strong stock and consolidating at the 18 day EMA.
MRVL: No announcement last week. Continuing the move higher.
NX: Forecast 8-25-05. Cannot get off of the 50 day EMA, selling harder Tuesday on much stronger volume.
USNA: Forecast mid-October.
WC: No announcement 8-3-05 and researching next date as it moves laterally in a tight range over the 18 day EMA.
WWY: Tentatively set for mid-December but like the pattern here.
Full Write-ups: We do not cover all candidates in full in each report, but focus on those ready to make a move or are right at their forecast announcement date. This way we are focused on those stocks ready to make moves.
Continuing Pre-Announcement Plays:
Play Date: 08/11/2005
CWTR (Coldwater Creek--$25.78; -0.32; optionable): Catalog and mail order retail. Forecast 8-23-05 after the close. Just split in March so this is quite a wildcard at this point.
BACKGROUND: A frequent splitter of late. Last split 3:2 on 2-14-05 at $26.90. Like these as they build up shares for holding onto a good stock.
http://biz.yahoo.com/p/c/cwtr.html
STATUS: 50 day EMA test. Volume shot higher Tuesday as CWTR tested the 50 day EMA (25.12) and rebounded to post a modest loss. After a strong surge in July following the breakout from a 20 week pattern CWTR has tested the move with a nice orderly pullback to this key support level. Money flow remains strong, and we are looking for another strong volume move higher tomorrow to start positions. A wildcard given the recent split announcement, but it is right there and ready for more. Great test and that gives us a great entry point for the play tomorrow. If we don't get a strong move ahead of the close we will look to take some positions before the bell. Aggressive as it is retail, but has held up very well even as many retailers have faltered.
Volume: 999.016K Avg Volume: 476.922K
BUY POINT: $27.88 Volume=712K Target=$32.38 Stop=$26.42
POSITION: UCJ AE - Jan. $25c (65 delta) &/or Stock
http://www.investmenthouse.com/cs/cwtr.html
CONTINUING PRE-SPLIT PLAYS:
Play Date: 08/18/2005
VIVO (Meridian Biosciences--$25.06; -0.42; optionable): Diagnostic substances. Splits 3:2 on 9-6-05
http://biz.yahoo.com/p/v/vivo.html
STATUS: Breakout test. VIVO is massing along the 18 day EMA (24.58) as the market has pulled back. It broke out from a double bottom with handle base in early June and rallied up the 18 day. Money flow is leading higher and we are looking for VIVO to continue the move and give us a nice pre-split run.
Volume: 95.289K Avg Volume: 126.397K
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--$45.74; -0.13; optionable): PC's and Ipod's
http://biz.yahoo.com/p/a/aapl.html
After Hours: $45.74
STATUS: Breakout test. Nice doji Tuesday as AAPL holds the 10 day EMA (45.60) on very low, below average volume, continuing the test of the breakout from last week. This indicates the pullback is likely over, and looking for a rebound here on some rising volume. 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: 10.52M Avg Volume: 17.588M
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: 08/20/2005
ANSS (Ansys--$38; +0.11; optionable): Technical software
http://biz.yahoo.com/p/a/anss.html
After Hours: $38.13
STATUS: Breakout test. Volume has moved higher the past two sessions, moving above average Tuesday, as ANSS continues its tight lateral move over the 18 day EMA (37.61). Looks ready to move higher and follow the money flow. To recap: ANSS is moving laterally over the 18 day EMA on low volume, testing the early August break higher out of a 22 week cup with handle base. Strong 8 to 2 accumulation in the base set up the breakout and has laid the foundation for a continuing run here. Strong money flow is leading higher as well. Just waiting for the strong break higher with some above average volume. Very nice pattern and ready for that new all-time higher. Another strong market leader looking for its next run.
Volume: 184.106K Avg Volume: 159.292K
BUY POINT: $38.73 Volume=241K Target=$43.88 Stop=$37.38
POSITION: QUS AG - Jan. $35c (64 delta) or QUS AH - Jan. $40c (50 delta) &/or Stock
http://www.investmenthouse.com/cs/anss.html
Play Date: 08/13/2005
ATVI (Activision--$20.30; +0.31; optionable): Multimedia and graphics software
http://biz.yahoo.com/p/a/atvi.html
After Hours: $20.30
STATUS: Breakout test. As with ANSS, ATVI is moving laterally over the 18 day EMA (19.88) on low volume. Traded started higher Tuesday, moving near average as ATVI posted a decent price move off of the 18 day. Another leading stock showing signs of continuing its breakout run. To recap: Broke out from a 23 week base in late July and fell into a test of that move this month as the market sold back. ATVI did not give back the breakout at all, a sign of strength. Looks ready to continue on.
Volume: 1.704M Avg Volume: 2.193M
BUY POINT: $20.05 Volume=2.8M Target=$23.45 Stop=$19.42
POSITION: AQV AD - Jan. $20c (51 delta) &/or Stock
http://www.investmenthouse.com/cs/atvi.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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us stock market
stock split
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