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trading system, stock trading system
Begin part 2 of 3
Full report issues Tuesday.
THE PLAYS
Good movers: ADSK; ATVI; BRL; BRO; CRDN; DNA' GILD; GTK; HOLX; IRIS; PGR; TECH; TEVA; WFMI WIRE
New Leader Play:
Play Date: 10/24/2005
NTES (Netease.com--$82.40; +6.30; optionable): Chinese internet
http://biz.yahoo.com/p/n/ntes.html
After Hours: $81.96
STATUS: Test 50 day EMA. Taking another look at NTES. It came down to test the 50 day EMA (78.34) after the first leg of the October selling but then slipped below that support last week on above average volume. Monday it rode the technology wave higher, vaulting back through that level on even stronger above average volume. NTES broke out of a 23 month base in August with a big gap and rallied to 95. It sold off in the October selling, held support, and is now rebounding. Looking to catch the move back up but want to see volume continue.
Volume: 1.724M Avg Volume: 1.267M
BUY POINT: $82.78 Volume=1.4M Target=$95.95 Stop=$79.68
POSITION: NGQ AP - Jan. $80c (54 delta) &/or Stock
http://www.investmenthouse.com/cs/ntes.html
PRE-ANNOUNCEMENT PLAYS
Some oil and gas stocks looking to come back to life.
Play Date: 10/24/2005
SWN (Southwestern Energy--$68.87; +4.48; optionable): Independent oil and gas. Forecast to announce a split 10-27-05 after the close
BACKGROUND: Last announced a 2:1 split on 5-11-05 at $67.50. Yes, it was very recent but right back at that level.
http://biz.yahoo.com/p/s/swn.html
After Hours: $68.70
STATUS: Test 50 day EMA. After a 30 point surge in September SWN sold off in the October selling, but unlike many energy stocks it managed to hold important support at the 50 day EMA (63.60). Volume dried up but then started higher the past week. Monday it bounced back above average as SWN jumped off the 50 day. This stock can tear off the real estate in big chunks and we are looking to catch the momentum as it rebounds off this key support.
Volume: 2.968M Avg Volume: 2.152M
BUY POINT: $69.65 Volume=2.6M Target=$83.95 Stop=$67.35
POSITION: SWN CN - Mar. $70c (57 delta) &/or Stock
http://www.investmenthouse.com/cs/swn.html
Play Date: 10/24/2005
UPL (Ultra Petroleum--$51.71; +3.91; optionable): Independent oil and gas. Forecast to announce a split 10-25-05 after the close.
BACKGROUND: Last announced a 2:1 split on 2-9-05 at $51.60.
http://biz.yahoo.com/p/u/upl.html
STATUS: Test 50 day EMA. Another energy stock that was caught in the October selling after a strong surge from June through September. It sold, but it also held the 50 day EMA (47.32) unlike many oil and gas stocks. Volume started to jump last week back above average on both up and down sessions. A good test Friday and then a strong price move Monday. Volume was above average but was lower on the move. Want to see some more volume as it continues higher to initiate the position ahead of the potential split announcement. May be too low at this juncture given the recent selling, but capable of posting big price gains in rapid succession.
Volume: 2.782M Avg Volume: 1.949M
BUY POINT: $52.05 Volume=2.6M Target=$63.45 Stop=$50.12
POSITION: UPL AJ - Jan. $50c (63 delta) &/or Stock
http://www.investmenthouse.com/cs/upl.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 56.79 +1.13 54.52 62.95 22M 30M 54.21
Current. Continue with the uptrend on lower, but average volume.
ACL 10/08 PreAnn 134 +0.08 126.38 142.45 604K 725K 132.38
Current.
ADSK 10/05 Test 18 46.4 +0.81 45.62 54.55 2.4M 4.1M 44.44
Current. Another nice move up the 10 day MVA on lower below average volume.
ATK 10/22 PreSplt 71 +1.03 69.86 67.85 229K 270K 70.22
Buy Not Issued. Bounced on rising volume. Came off the day's high of 71.58 (200 day MVA) volume not there to enter the play. If stock continues the move tomorrow with strong volume will still be a buy.
ATVI 10/18 PreSplt 21.69 +0.49 21.65 25.89 1.8M 3.4M 20.69
Entered today. Nice move up the 10 day MVA on lower, below average volume.
BCSI 10/22 Cup hdl 47.6 +2.17 45.75 54.95 559K 543K 42.55
Buy Not Issued. Gapped and ran higher early on strong earnings. Closed $1.40 off high & will let it test some more & see if
we can get a good entry on the test.
BRL 10/01 Cup hdl 57.98 +1.73 56.31 64.95 1M 1M 56.05
Current.
BRO 10/13 PreAnn 54.08 +1.45 51.29 57.88 357K 413K 52.78
Current.
CHS 10/10 DB hdl 39.34 +0.27 38.75 46.45 1.6M 2.9M 36.88
Buy Not Issued. Continue with low volume ascent. Will let test back.
CLE 10/06 DB hdl 26.03 +0.05 26.02 30.98 309K 550K 25.52
Current.
CMTL 10/20 Test 50 41.63 +0.59 41.05 48.95 369K 694K 39.65
Buy Not Issued. Gapped up over the buy point on lower below average volume. Will let the stock test back.
CRDN 10/15 Test BO 40.55 +3.05 40.01 46.95 1.1M 800K 38.05
Entered today. Tested the 18 day MVA intraday and rallied back for a great move on very strong volume surge.
DNA 04/28 Test BO 86.95 +1.91 70.42 81 3.1M 8.2M 84.22
Current.
DVA 10/03 PreAnn 48.44 +0.14 48.98 55.95 521K 550K 48.32
Current.
ESRX 10/13 Test 50 63.65 -0.09 62.44 70.92 1.5M 2.1M 61.45
Current. Pullback testing the 10 day MVA intraday on rising, but average volume. Meeting resistance at 64.
FLO 10/06 Cup hdl 29.25 +0.5 28.04 32.21 235K 339K 28.15
Current. Continue with the uptrend on lower below average volume.
GILD 09/10 Cup hdl 47.78 +2.16 47.19 53.95 4.3M 4.2M 47.22
Current. Bounced off the 50 day MVA for an explosive move on above average volume. Meeting resistance at 48
GPN 10/06 PreSplt 84.22 +0.32 79.97 89.45 464K 475K 83.22
Current. Continue with the uptrend.
GPN 09/13 PreSplt 84.22 +0.32 69.72 75.85 464K 350K 83.24
Current.
GTK 10/12 Test BO 32.32 +0.72 32.24 27.95 1.4M 1.7M 31.05
Entered today.
HAR 10/06 PreAnn 104.95 +2.91 104.51 119.95 807K 1.1M 103.22
Current.
HIBB 10/22 Cup hdl 25.59 +1.08 25.05 29.45 290K 612K 23.45
Buy Not Issued.
HOLX 10/05 PreSplt 57.51 +3.4 54.61 63.75 568K 483K 56.22
Current.
INGR 10/15 Asc Bse 47.9 +0.96 46.31 53.55 324K 435K 44.74
Buy Not Issued.
IRIS 10/22 Test BO 22.71 +1.48 21.74 24.99 369K 290K 20.88
Entered today. Great move up the 10 day MVA on excellent volume surge.
IRIS 10/13 Test BO 22.71 +1.48 20.44 24.95 369K 304K 20.88
Current.
ISRG 09/27 PreAnn 71.21 +1.5 72.05 89.85 879K 1.5M 69.05
Buy Not Issued. Tested the 18 day MVA intraday and rallied back on average volume. Still in the pattern.
JCOM 10/22 Cup hdl 44.01 +2.36 42.55 50.95 2.1M 750K 40.11
Buy Not Issued. Big gap up over the buy point, but gave some of it back on very strong volume surge. Stock will need to pullback.
LLL 10/20 PreAnn 82.05 +1.79 81.65 91.95 788K 1.1M 80.21
Buy Not Issued.
MRVL 10/01 PreAnn 46.63 +1.11 46.65 53.65 2.9M 3.5M 45.05
Current. Tapped 45.08 at the intraday low and rallied back for a nice gain on lower below average volume. Holding at some resistance here.
PGR 10/18 PreAnn 112.95 +2.33 110.23 118 498K 1.2M 109.11
Current.
PPDI 10/13 PreAnn 62.36 -0.98 58.12 68.95 673K 556K 55.89
Buy Not Issued. Making the test of the strong break higher last week. Looking for a tap at the 10 day EMA (60.52) and a bounce
as our entry point.
RL 10/08 PreAnn 53.22 +0.85 52.78 60.95 626K 1.1M 50.44
Buy Not Issued.
RMD 10/22 Test 50 38.74 +0.74 38.61 44.75 426K 798K 36.88
Buy Not Issued.
RS 10/13 PreAnn 55.08 +2.81 50.89 58.55 452K 403K 48.68
Buy Not Issued.
SBUX 10/15 PreSplt 27.89 +0.39 26.85 29.66 6.3M 3.2M 26.88
Current.
SIE 10/04 PreAnn 73.69 +2.06 71.21 83.25 383K 635K 68.29
Buy Not Issued. No split after hours, holding steady on after hours
but thin trade. Earnings were not as good as we wanted
as was the volume Monday.
STJ 10/18 Asc Tri 48.63 +0.62 48.65 54.95 1.9M 2.5M 47.11
Current.
TECH 10/18 PreAnn 56.94 +0.98 56.85 64.32 508K 510K 55.22
Entered today.
TEVA 10/06 Test BO 38.7 +1.01 36.12 41.32 6M 5M 37.55
Current.
UNH 10/08 Test BO 57.19 +0.05 56.32 64.95 4.3M 6M 56.15
Current. Gapped up at the open, but gave much of it back on lower below average volume. Beginning to level off holding some of the gain.
URBN 10/20 DB hdl 30.03 -1.41 31.35 37.65 3.6M 4M 29.87
Current. Thudded down holding the 10 day MVA on strong volume surge. May continue to test back to 29.82.
VTIV 10/12 Cup hdl 26.01 +0.37 26.48 32.25 431K 714K 24.63
Buy Not Hit. Bounced off the 10 day MVA on average volume. Still forming the handle
WBSN 10/19 Cup 56.03 +1.19 54.88 63.45 346K 832K 52.91
Buy Not Issued. Continue with low volume ascent. Will let stock test back.
WFMI 09/03 PreAnn 139.73 +4.45 132.58 147 1.1M 1.5M 136.89
Current.
WIRE 10/01 FlyPlat 19.2 +1.25 16.92 20.25 619K 170K 20.89
Current. Exploded higher & trading near 22 on strong after hours
earnings.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
CX 10/15 Put 49.72 +0.97 48.68 46.57 2.2M 1.8M 49.32
Buy Not Issued. Rallied holding the 18 day MVA on slightly above average volume. May continue to rally up to 50.
IWM 10/17 Put 64.36 +1.38 62.44 60.78 31M 30M 62.55
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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trading system
stock trading system
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