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trading system, trade stock
Begin part 2 of 2
Full report issues Thursday.
THE PLAYS
Good movers: AAPL; BRL; BRO; FLO; FPN; HAR; INGR; IRIS; MRVL; PGR; SBUX; TEVA; UNH; WFMI
New Post-Split Play:
Play Date: 10/19/2005
ECA (Encana Corp.--$52.56; +4.67; optionable): Independent oil and gas
http://biz.yahoo.com/p/e/eca.html
After Hours: $52.78
STATUS: Test 50 day EMA. Strong recovery over the 50 day EMA (49.65) on surging volume as ECA shakes off the October selling. ECA was just getting started on its run from a breakout in late August when the October selling hit. Held up pretty well compared to other energy stocks and ready to move in as it continues higher.
Volume: 9.07M Avg Volume: 3.595M
BUY POINT: $52.89 Volume=5.4M Target=$62.95 Stop=$49.55
POSITION: ECA AK - Jan. $55c (59 delta) &/or Stock
http://www.investmenthouse.com/cs/eca.html
New Leader Play:
Play Date: 10/19/2005
WBSN (Websense--$54.50; +1.33; optionable): Employee internet management
http://biz.yahoo.com/p/w/wbsn.html
After Hours: $54.38
STATUS: Cup. Volume has jumped the past two sessions as WBSN starts off the 200 day SMA (52.20) and continues to build the right side of its 8 month base. It is clearing resistance built over the last 5 weeks. Strong 7 to 4 accumulation (7 up price weeks on rising volume to 4 down price weeks on rising volume) shows plenty of buying in the base. A top rated stock as far as earnings and pattern. Looking to move in as it continues higher on a bit stronger volume.
Volume: 534.649K Avg Volume: 554.658K
BUY POINT: $54.88 Volume=832K Target=$63.45 Stop=$52.91
POSITION: DQH AK - Jan. $55c (54 delta) &/or Stock
http://www.investmenthouse.com/cs/wbsn.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 10/17 Test 50 54.94 +2.73 54.52 62.95 36M 30M 52.11
Entered today. Tapped 51.21 at the intraday low and rallied back for a great move on excellent volume surge.
ACL 10/08 PreAnn 128.5 -0.94 126.38 142.45 690K 725K 125.89
Current.
ADSK 10/05 Test 18 43.5 +1.4 43.62 52.55 2.1M 4.1M 41.72
Buy Not Hit.
AME 10/11 PreAnn 43.44 +0.6 43.65 50.32 336K 475K 42.05
Buy Not Issued. Tapped 41.95 at the intraday low and rallied back for a nice gain on above average volume. Looking good.
ATVI 10/18 PreSplt 21.22 +0.49 21.05 25.25 2.1M 3.4M 19.92
Buy Not Issued. Bounced off the simple 50 day MVA on rising, but below average volume. Volume not there to enter the play. Will let test back.
AVL 10/15 Cup hdl 36.65 +0.39 36.44 42.85 342K 287K 34.98
Current. Tapped 35.92 at the intraday low and rallied back on strong volume surge. Continue with the uptrend.
BRL 10/01 Cup hdl 57.32 +1.74 56.31 64.95 1.2M 1M 55.31
Current.
BRO 10/13 PreAnn 51.37 +1.18 51.29 57.88 470K 413K 50.32
Current. Announced its split a day later and posted a nice gain
off the 18 day EMA. Letting it move on up.
CERN 09/08 PreAnn 88.46 +0.29 83.19 95.95 535K 500K 87.05
Trailing Stop. Early selling on some decent trade & we exercised caution just to see CERN rebound off slight undercut of 10 day EMA.
CHRW 10/08 PreSplt 88.46 0 32.24 36.11 535K 600K 31.24
Exited.
CHRW 09/13 PreSplt 88.46 0 31.41 35.22 535K 600K 31.24
Exited.
CHRWD 10/08 PreSplt 30.7 -0.1 33.24 36.11 1.6M 6M 31.24
Current.
CHRWD 09/13 PreSplt 30.7 -0.1 31.41 35.22 1.6M 6M 31.24
Current.
CHS 10/10 DB hdl 38.36 +1.17 38.75 46.45 1.6M 2.9M 36.88
Buy Not Hit. Bounced off the 18 day MVA for a nice gain on rising, but below average volume. Looking good.
CLE 10/06 DB hdl 25.88 +0.19 26.02 30.98 934K 550K 25.52
Current.
CRDN 10/15 Test BO 38.42 -0.04 38.12 44.95 440K 800K 36.22
Buy Not Issued. Tested the 10 day MVA intraday and rallied back on average volume. Did not enter the play because volume was not there. Stock needs to pullback.
CVH 10/08 PreSplt 59.4 +1.59 57.97 65.11 1.2M 1.2M 56.72
Trailing Stop.
DNA 04/28 Test BO 85 +0.3 70.42 81 3.5M 8.2M 84.22
Current. Tapped 83.41 at the intraday low and rallied back on rising, but below average volume. Still in uptrend.
DVA 10/03 PreAnn 49.33 +0.52 48.98 55.95 668K 550K 48.32
Current.
ESRX 10/13 Test 50 63.92 +0.49 62.44 70.92 1.9M 2.1M 61.45
Current. Moving up the 10 day MVA on strong volume meeting some resistance at 64.
FLO 10/06 Cup hdl 28.27 +0.72 28.04 32.21 400K 339K 27.07
Entered today. Tested the 18 day MVA intraday and rallied back for a great move on strong volume surge.
GD 09/15 PreAnn 121.06 +1.14 118 127 1.7M 1M 118.57
Current.
GILD 09/10 Cup hdl 46.01 -2.22 47.19 53.95 12M 4.2M 47.22
Current. Big gap down and continued to move down testing the simple 50 day MVA intraday and rallied back on very strong volume surge. Holding at some support at 46. Stock may be ready to begin to move up from here.
GPN 10/06 PreSplt 84.75 +2.52 79.97 89.45 502K 475K 83.22
Current. Nice move up the 10 day MVA on lower, but strong volume. Broke through resistance at 82.
GPN 09/13 PreSplt 84.75 +2.52 69.72 75.85 502K 350K 83.24
Current.
GTK 10/12 Test BO 32 +0.49 32.05 37.95 1.7M 1.7M 30.71
Buy Not Issued.
HAR 10/06 PreAnn 103.1 +2.3 104.51 119.95 580K 1.1M 99.22
Current. Great earnings trading up $4 after hours.
HOLX 10/05 PreSplt 52.99 +0.49 53.73 62.88 299K 483K 50.91
Buy Not Issued.
IMDC 09/27 PreAnn 72.09 -0.23 74.32 86.95 668K 985K 73.05
Buy Not Issued. The stock has not performed so will drop.
INGR 10/15 Asc Bse 47.19 +1.62 46.31 53.55 485K 435K 44.74
Buy Not Issued.
IRIS 10/13 Test BO 21.15 +0.92 20.44 24.95 208K 304K 19.38
Current. Nice move up the 10 day MVA on stronger above average volume after testing the 18 day MVA.
ISRG 09/27 PreAnn 68.62 +2 72.05 89.85 889K 1.5M 69.05
Buy Not Issued. Tapped 65.50 at the intraday low and rallied back on slightly above average volume holding the 50 day MVA. Still in the pattern.
MRVL 10/01 PreAnn 45 +1.05 46.65 53.65 4.8M 3.5M 43.11
Current. Tapped 42.87 at the intraday low and rallied back for a nice gain on strong volume surge. Will need to break through some resistance here. (simple 50 day MVA)
NTES 10/17 Test 50 78.39 +1.39 81.25 94.95 1M 1.6M 78.39
Buy Not Hit. Bounced holding the 50 day MVA on rising, but average volume. Stock needs to continue to rebound from here.
PCP 10/11 Test 50 50.17 +0.32 52.12 59.75 1.1M 1.2M 50.38
Current. Tested the 50 day MVA intraday and rallied back on above average volume holding just below the 18 day MVA. Stock needs to hold up here.
PGR 10/18 PreAnn 111.26 +3.35 110.23 118 1M 1.2M 107.88
Entered today.
PPDI 10/13 PreAnn 64.15 +2.13 58.12 68.95 898K 556K 55.89
Buy Not Issued. Stock gapped up over the buy point yesterday and continues to move up the 10 day MVA. Will let the stock test back.
RL 10/08 PreAnn 51.66 +0.79 52.78 60.95 532K 1.1M 50.44
Buy Not Hit.
RS 10/13 PreAnn 51 +1.85 50.89 58.55 481K 403K 48.68
Buy Not Hit.
SBUX 10/15 PreSplt 54.74 +2.14 53.73 59.32 4.6M 3.2M 52.22
Entered today.
SIE 10/04 PreAnn 72.8 +2.22 71.21 83.25 302K 635K 68.29
Buy Not Issued.
SNDK 08/23 Test 18 47.56 -1.7 35.62 40.96 14M 520K 49.32
Trailing Stop.
STJ 10/18 Asc Tri 48.8 +0.05 48.65 54.95 2.4M 2.5M 47.11
Current.
SWN 10/11 PreAnn 67.31 +2.48 71.78 85.95 4.1M 2.8M 69.12
Buy Not Hit. Tested the simple 50 day MVA intraday and rallied back on stronger above average volume. Looking for stock to continue to rebound off the 50 day MVA.
TECH 10/18 PreAnn 55.58 +0.12 56.21 63.95 235K 510K 54.65
Buy Not Hit.
TEVA 10/06 Test BO 36.73 +1.8 36.12 41.32 8.1M 5M 35.21
Entered today.
UNH 10/08 Test BO 58.2 +1.69 56.32 64.95 5.6M 6M 56.15
Current. Great move up the 10 day MVA on strong volume surge. Broke through resistance at 57.
UPL 10/11 PreAnn 50.3 +0.8 53.88 64.75 4.1M 2.6M 51.55
Buy Not Issued.
VTIV 10/12 Cup hdl 25.46 +0.34 28.05 33.75 324K 714K 26.09
Buy Not Hit. Tapped 24.44 at the intraday low and rallied back on below average volume. Looking for stock to continue to test back to 50 day MVA.
WFMI 09/03 PreAnn 134.13 +4.48 132.58 147 1.1M 1.5M 132.32
Current.
WIRE 10/01 FlyPlat 17.06 -0.01 16.92 20.25 121K 170K 16.22
Current. Tapped 16 at the intraday low and rallied back on average volume. Meeting resistance at 17.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
COP 10/18 Put 61.55 +1.47 59.15 50.75 11M 7M 61.31
Entered today. Big reach lower on volume as oil tanked on inventory
numbers. Then it rebounded to post a gain on that strong
trade. Ugly pattern remains, but managed to come back
one more time.
CX 10/15 Put 49.73 +1.15 48.68 46.57 2M 1.8M 49.32
Buy Not Issued. Rebounded on strong volume holding the 10 day MVA. May continue to test up to 50.
GSF 10/12 Put 41.38 +1.65 41.89 39.87 5.5M 2.5M 41.11
Rallied on very strong volume. May continue to test up to the 10 day MVA (41.60)
IWM 10/17 Put 63.51 +1.34 62.44 60.78 42M 30M 62.55
Current. Rebounded on strong volume, moving thru the 200 day
EMA (63.07). Strong move but decied to let it make
the test & see if that will hold up.
RTH 09/26 Put 93.56 +2.38 91.78 89.22 6.7M 4.5M 91.55
Exited.
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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