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us stock market, stock split
Begin part 3 of 3
THE PLAYS
Wednesday night play results:
KONG: Fell back to the 18 day EMA on lower volume. Still making the breakout test.
NIHD: Falling to the 50 day EMA where it will try to bounce.
WIRE: Another good intraday surge that could not hold.
WOOF: Tapped the 50 day EMA on the lwo and rebounded for a modest loss.
Upside:
Play Date: 10/06/2005
FLO (Flowers Foods--$27.16; +0.6; optionable): Bakery products in the US
http://biz.yahoo.com/p/f/flo.html
STATUS: Cup w/handle. While the market struggled through another down session FLO held near support at the 10 day EMA (26.53) and posted a gain on rising, above average volume. It is preparing for a breakout from its short 7 week pattern that formed over the 50 day EMA (25.74). Split in early July and continued the run into mid-August before needing this breather. Strong 3 to 1 accumulation shows plenty of buying. Strong money flow as well is surging higher. Relative strength broke out Thursday ahead of the price, a bullish indication that the stock will follow.
Volume: 294.4K Avg Volume: 226.102K
BUY POINT: $27.88 Volume=339K Target=$31.98 Stop=$26.41
POSITION: FWW AW - Jan. $26.625c (59 delta) &/or Stock
http://www.investmenthouse.com/ci/flo.html
Play Date: 10/06/2005
NVDA (Nvidia--$33.49; -0.12; optionable): Specialized semiconductors
http://biz.yahoo.com/p/n/nvda.html
After Hours: $33.46
STATUS: Test 18 day EMA. NVDA broke out of a 6 month ascending triangle in August, and has rallied up the 18 day EMA (33.21) since. After a good surge to end September, it sold back this week with the market but on relatively low trade. Thursday it reached way down below the 18 day EMA on the low (32.48) and then rebounded sharply to close flat. Looks as if that is all the shakeout it needs. Strong. This is the second test of the 18 day since the breakout, and that leaves plenty of upside remaining. Solid 9 to 5 accumulation in the base shows plenty of buying to set up the breakout and run higher. Solid market leader.
Volume: 5.713M Avg Volume: 5.139M
BUY POINT: $34.05 Volume=6.5M Target=$40.45 Stop=$32.95
POSITION: UVA AT - Jan. $32.50c (60 delta) &/or Stock
http://www.investmenthouse.com/ci/nvda.html
Play Date: 10/06/2005
SMTS (Somanetics--$27.27; -1.88; no options): Medical appliances and equipment
http://biz.yahoo.com/p/s/smts.html
STATUS: Breakout test. SMTS exploded out of a nice 13 week cup with handle to start October and then has tested back this week on lower volume as the market sold off. Obligatory pullback given the harsh market selling that is setting up the continued breakout run. Strong 4 to 2 accumulation shows solid buying that goes hand in hand with the strong money flow. A relative strength breakout accompanied the stock move; good corroboration. Looking for a resumption of the breakout move to start the play.
Volume: 312.815K Avg Volume: 129.889K
BUY POINT: $27.48 Volume=350K Target=$32.97 Stop=$26.57
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/smts.html
Play Date: 10/06/2005
SPIL (Siliconware Precision--$5.13; +0.06; optionable): Chip equipment
http://biz.yahoo.com/p/s/spil.html
STATUS: Double bottom w/handle. As the market sold off this week, SPIL eased back to the 10 day EMA (5.08) on lower, below average volume. This is forming a nice handle to the stock's 9 week base that formed as the handle to a much larger 20 month cup with handle base. Excellent 4 to 1 accumulation in the current base shows plenty of buying to support the stock and send it higher. Solid money flow is leading higher. A nice base setting up the breakout to a 4 year high.
Volume: 244.208K Avg Volume: 828.842K
BUY POINT: $5.34 Volume=1.2M Target=$6.45 Stop=$4.97
POSITION: QSP CA - Mar. $5c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/spil.html
New buy point on a current position:
Play Date: 10/06/2005
GPN (Global Payments--$79; +0.43; optionable): Global payment systems. Splits 2:1 on 10-31-05.
http://biz.yahoo.com/p/g/gpn.html
STATUS: Breakout test. GPN has made us some fine money already, and after this market selling it has come back toward the 10 day EMA (77.39) to test the strong September surge higher on upside earnings guidance. Thursday strong volume surged back above average once more as GPN posted a modest gain, too strong to even fall back to the 10 day EMA. Money flow remains strong and out in front of the stock, and relative strength continues to rally ahead of price. Looking to move in as GPN continues the pre-split run.
Volume: 786.9K Avg Volume: 385.664K
BUY POINT: $79.48 Volume=475K Target=$89.45 Stop=$77.12
POSITION: GPN BP - Feb. $80c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/gpn.html
Good Investing!
Jon L. Johnson and your IH Alerts Team
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 in 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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