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trade stock, stock split
Begin part 2 of 2
THE PLAYS
Good movers: ADSK; KMG; TECH
CWTR: Forecast 8-24-05 after the close. Split in March so this was a wildcard. No split announcement thus far but strong earnings are pushed it higher after hours.
New Pre-Split Play:
Play Date: 08/24/2005
SII (Smith International--$67.24; +1.05; optionable): Oil and gas service company. Splits 2:1 on 8-25-05 (that is tomorrow).
http://biz.yahoo.com/p/s/sii.html
STATUS: Test 50 day EMA. SII sold off with the other energy stocks two weeks back, but held the 50 day EMA (66.03) the past week. Unlike the rest of the market it did not turn over Wednesday but rallied on strong volume with the oil stocks. The split is going to give investors an opportunity to buy in at a 'lower' price and we are looking for a post-split run with oil as it did not get to enjoy a pre-split move.
Volume: 1.574M Avg Volume: 1.344M
BUY POINT: $33.71 Volume=1.5M Target=$38 Stop=$32.97
POSITION: SSI JF - Oct. $30c (59 delta) &/or Stock
http://www.investmenthouse.com/cs/sii.html
New Post-Split Plays:
Play Date: 08/24/2005
FTO (Frontier Oil--$31.69; +0.79; optionable): Oil and gas refining
http://biz.yahoo.com/p/f/fto.html
After Hours: $31.69
STATUS: Ascending triangle. Nice volume Wednesday as FTO moved up off the 10 day EMA (30.89), making a higher low in a series of higher lows in its 7 week base. Using the 50 day EMA (28.95) as the general support as it moves up with a constant top near 32. Solid 3 to 1 accumulation in the pattern shows solid buying. Ready to move in as VLO breaks higher on continued strong volume.
Volume: 1.358M Avg Volume: 1.268M
BUY POINT: $32.25 Volume=1.5M Target=$37.55 Stop=$30.35
POSITION: FTO AF - Jan. $30c (66 delta) &/or Stock
http://www.investmenthouse.com/cs/fto.html
CONTINUING POST-SPLIT PLAYS:
Play Date: 08/13/2005
ATVI (Activision--$21.07; +0.77; optionable): Multimedia and graphics software
http://biz.yahoo.com/p/a/atvi.html
STATUS: Breakout test. Solid volume and held most of its gain into the close as ATVI moved to a new all-time high. Relative strength broke out as well, a good corroboration. Still a buy on this break higher. 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.
Volume: 2.791M Avg Volume: 2.186M
BUY POINT: New: $21.21 (orig. $20.05) Volume=2.8M Target=$24.45 Stop=$19.42
POSITION: AQV AD - Jan. $20c (57 delta) &/or Stock
http://www.investmenthouse.com/cs/atvi.html
CONTINUING PLAYS
* * SPREADSHEET DOWNLOAD * * *
The following link is to a spreadsheet download of the continuing play table. It will allow subscribers to sort the data for your personal investment use. This is a service to our subscribers only, and no other use of the information is authorized. Simply click on the link, enter your username and password, and download the spreadsheet!
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 45.77 +0.03 46.01 53.55 20M 29M 45.39
Current. Tapped 47.12 at the intraday high, but gave it back showing a doji on stronger above average volume. Testing the breakout. Should bounce from here. Still in good shape.
ADSK 08/04 Dbl btm 41.1 +0.5 37.62 43.38 4.3M 2.7M 40.05
Current. Continue with the uptrend on stronger above average volume.
AMED 08/19 Test BO 41.96 -0.84 42.41 47.25 290K 500K 41.72
Current. Pullback tapping 41.68 at the intraday low and rallied back holding just above the 10 day MVA on below average volume. Should be ready to bounce off the 10 day MVA (41.75)
AMED 07/23 Test BO 41.96 -0.84 39.48 44.98 290K 500K 41.72
Current.
AMX 08/04 Test BO 21.87 -0.27 22.21 25.55 2.3M 5M 21.54
Buy Not Issued. Pullback on rising, but below average volume. May continue to test back to 21.70
ANDS 08/15 Test 18 11.96 -0.41 12.97 15.55 182K 300K 12.42
Buy Not Issued. The stock has not made the move we were looking for so will drop.
ANSI 08/09 PreAnn 51.99 -0.08 51.45 60.78 283K 600K 49.65
Buy Not Issued. Tapped 53.24 at the intraday high, but gave it back showing a below average volume. Stock needs to pullback to enter the play.
ANSS 08/20 Test BO 37.64 -0.36 38.73 43.88 218K 241K 37.38
Buy Not Hit.
ASVI 08/20 PreSplt 45.97 +0.36 46.72 52.55 65K 167K 44.78
Buy Not Issued.
ATVI 08/13 Test BO 21.07 +0.77 20.05 23.45 2.8M 2.8M 19.42
Buy Not Issued. Like the way it held up into the close. If it can resume the move on Thursday it is a buy.
CELL 08/16 PreSplt 26.55 -0.08 25.55 28.67 164K 368K 25.44
Current.
CETV 08/13 PreAnn 53.55 +0.73 51.28 58.95 192K 250K 52.44
CMVT 08/20 Test BO 25.79 -0.08 26.32 29.95 2.1M 2.1M 25.55
Buy Not Issued. More volatile session tapping 26.50 at the intraday high, but gave it back holding the 10 day MVA on stronger above average volume. Still in the pattern.
CWTR 08/11 PreAnn 26.15 +0.37 27.88 32.38 825K 712K 26.42
No split announced after hours but solid earnings boosted the stock $2 in post-session trading.
DADE 07/30 PreSplt 72.21 +0.11 73.66 79.98 418K 500K 72.54
Current. Bounced on low volume. Testing the breakout. Should be ready to bounce from here.
DNA 06/08 Test 18 89.12 -0.75 81.28 90 2.4M 7.6M 86.21
Current. Pullback on below average volume. Meeting resistance at 90
DNA 04/28 Test BO 89.12 -0.75 70.42 81 2.4M 8.2M 86.21
Current.
DRIV 08/02 Test BO 38.5 -0.51 38.78 44.42 582K 1.6M 37.72
Current. Pullback testing the 18 day MVA intraday and rallied back holding the 10 day MVA on below average volume. Should be ready to bounce from here.
ESRX 08/13 Test BO 57.06 +0.44 56.04 63.11 1.4M 1.6M 55.05
Current. Continue with the uptrend on slightly above average volume.
GPN 08/23 PreSplt 64.4 -2.22 66.95 75.25 552K 365K 65.44
Buy Not Issued.
GYI 08/16 Test BO 82.24 -0.79 82.69 92.92 214K 742K 81.77
Current. Continue to pullback holding the 10 day MVA on below average volume. Testing the breakout. May test back to 82.
HRS 08/04 Test BO 37.27 -0.23 37.45 42.22 978K 1M 36.42
Current. Tapped 38.10 at the intraday high, but gave it back showing a tight doji on stronger above average volume. May test back to 10 day MVA (37)
IEX 08/08 Test BO 43 -0.32 43.15 48.99 266K 315K 42.72
Current. Pullback on rising, but average volume. May continue to test back to 18 day MVA (42.80)
IMDC 06/30 Cup 73.58 +0.12 67.38 75.75 269K 900K 73.38
Current.
JAH 08/18 Test 50 37.01 -0.6 37.88 43.68 370K 959K 36.25
Buy Not Issued. Pullback on rising, but below average volume. May continue to test back to 50 day MVA (36.40)
JOYG 08/09 Test BO 41.06 -0.75 42.12 48.94 372K 1M 41.81
Current.
KMG 08/16 Test BO 87.15 +1.48 87.28 97.95 1.7M 3.3M 84.41
Current.
LLL 08/17 PreAnn 81.3 +0.3 81.07 90.95 905K 1.2M 79.68
Current.
LM 08/09 PreAnn 105.72 -0.87 108.71 120.55 518K 1.8M 106.22
Current.
MINI 08/23 Test 50 40.5 +0.09 40.95 46.95 71K 150K 39.69
Buy Not Hit. Still in the pattern.
MMSI 07/28 Test 18 17.55 -0.18 17.74 20.44 112K 235K 16.79
Buy Not Issued. Pullback holding the 18 day MVA on below average volume. May continue to test back to 17.52
MRVL 08/18 PreAnn 46.27 -0.46 43.48 49.45 3.6M 3.3M 44.65
Current.
MSCC 08/17 Test BO 23.16 -0.06 23.54 27 619K 900K 22.29
Buy Not Issued. Tapped 23.75 at the intraday high, but gave it back showing a odji on rising, but below average volume. did not enter the play because volume was not there and stock was coming off the day's high.
ORBK 08/22 Test 50 25 -0.45 25.57 29.89 81K 200K 24.52
Buy Not Issued. Pullback holding the 10 day MVA on below average volume. Still in the pattern.
PWR 07/22 Rv H&S 10.74 -0.09 10.08 12.12 465K 1M 10.55
Current. Tapped 11.04 at the intraday high, but gave it back holding above the 18 day MVA on low volume. Meeting resistance at 11.
RMD 08/18 PreSplt 74.78 -0.58 67.93 76 761K 359K 73.55
Target Hit.
SMH 08/22 Test 50 36.37 -0.21 37.05 41.38 28M 21M 36
Entered today. Rallied well on some solid trade but then was caught
in the oil selling in the afternoon. Showing a big
doji over the 50 day EMA once more.
SNDK 08/23 Test 18 35.73 +0.48 35.62 40.96 6.9M 520K 34.58
Entered today. Nice move early and held onto its gain until it too
started to slip in the last hour.
SYK 08/06 Test BO 53.32 +0.04 53.35 59.99 1.6M 2M 52.78
Current.
TECH 08/13 PreAnn 53.75 +1 49.92 56.95 729K 365K 51.11
USNA 08/20 PreAnn 49.69 -0.16 50.22 57.21 155K 300K 48.32
Current.
USPI 08/23 Asc Bse 38.54 -0.2 39.08 43.96 224K 550K 37.68
Buy Not Issued.
VIVO 08/18 PreSplt 25 -0.06 25.65 30.75 129K 187K 24.22
Buy Not Hit. Pullback showing doji on 10 day MVA on rising, but average volume. Meeting resistance at 25.55.
WC 07/28 Test 50 70.96 +0.42 67.45 75.75 54K 350K 69.89
Current.
WWY 08/18 Test BO 71.02 -0.98 72.38 81.44 516K 808K 70.95
Buy Not Issued.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
GMR 08/13 Put 35.44 +2.13 35.99 34 3.9M 815K 34.48
Rebounded toward the 18 day EMA but gave it back. Even
with fade late the strong move indicates time to exit.
HRB 08/20 Put 27.5 +0.21 27.43 26.41 2.2M 1.1M 27.72
Current. Bounced tapping 27.91 at the intraday high, but could not hold the gain on slightly above average volume. Holding at some resistance.
ISSC 08/13 Put 18.11 +0.17 17.31 16 201K 400K 18.05
Current. Bounced tapping 18.35 at the intraday high, but could not hold the gain holding the 10 day MVA on rising, but below average volume. Needs to break through support at 18.
JOSB 08/16 Put 37.78 +0.66 39.85 37.83 229K 300K 37.25
Bounced tapping 38.73 at the intraday high, but could not hold the entire gain on lower below average volume. May continue to rally to 38
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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