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us stock market, stock recommendation
Begin part 2 of 2
Full report Thursday.
THE PLAYS:
Good Movers: CELL; CLF; DRI; JEC; RJF
New Post-Split Plays:
Play Date: 01/25/2006
WFT (Weatherford International--$42.74; -0.94; optionable): Oil and gas service company
http://biz.yahoo.com/p/w/wft.html
After Hours: $43.70
STATUS: Breakout test. WFT is making its second test of the breakout from its 14 week cup with handle base, fading back to the 10 day EMA (42.03), tapping that level on the Wednesday low and rebounding modestly to the close. Energy stocks were generally under pressure Wednesday after a strong move higher, and we like that WFT fell back on continued below average volume. Service companies are the hottest of the group. Looking for WFT to maybe tap at the 10 day EMA once more and then start back up and continue the breakout rally.
Volume: 3.524M Avg Volume: 4.594M
BUY POINT: $43.25 Volume=5.5M Target=$49.95 Stop=$41.89
POSITION: WFT EA - May $42.50c (63 delta) &/or Stock
http://www.investmenthouse.com/cs/wft.html
Play Date: 01/25/2006
STT (State Street--$59.90; +0.92; optionable): Northwest regional bank
http://biz.yahoo.com/p/s/stt.html
STATUS: Ascending base. Gapped higher Wednesday on strong volume, starting the breakout move from its 8 week base. The move is taking STT to a 5 year high, giving it room to run without resistance. Volume swelled the past week, just what you want to see before a breakout move. Solid 3 to 0 accumulation in the base (3 up price weeks on rising volume to 0 down price weeks on rising volume) and surging money flow go hand in hand. Relative strength broke out with the stock, a very good indication the breakout was solid.
Volume: 3.018M Avg Volume: 1.615M
BUY POINT: $60.35 Volume=1.6M Target=$69.45 Stop=$58.38
POSITION: STT EL - May $60c (55 delta) &/or Stock
http://www.investmenthouse.com/cs/stt.html
CONTINUING PLAYS
* * SPREADSHEET DOWNLOAD * * *
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http://stocksplits.net/ssr/table.php
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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 01/07 PreAnn 74.2 -1.84 77.37 92 45M 30M 83.48
Current.
ACI 01/10 PreAnn 84.99 -2.23 84.92 100 1.2M 2.8M 85.25
Current. Gapped up at the open, but gave it back testing the 18 day
Intraday on lower below average volume. May continue to test the 18 day MVA (84.30)
AGN 01/21 PreAnn 113.79 +0.41 113.39 125 666K 2M 111.42
Buy Not Issued.
AGN 10/27 PreAnn 113.79 +0.41 89.25 102 666K 1.2M 111.89
BOOM 12/21 FlyPlat 34.58 -0.27 32.23 38.62 345K 2.1M 33.39
Current. Gapped up at the open, but gave it back tapping 34.16 at the intraday low on low volume. May test back to 10 day MVA (34.52)
BOOM 11/30 Test 50 34.58 -0.27 24.75 29.75 345K 2.1M 33.39
CDIS 01/03 Test BO 40.29 -1.24 39.42 45.55 3.2M 2M 42.38
Exited. Not recovering from the announcement of the RES acquisition
so closed it. Will look for a test toward 38 & see
how it responds & look for another opportunity.
CELG 01/17 PreSplt 66.81 -0.49 68.55 78.85 1.9M 3.2M 65.48
Buy Not Issued.
CELL 01/17 Cup hdl 22.38 +0.55 20.83 24.94 775K 1.3M 20.75
Current.
CLF 01/14 PreAnn 104.05 +2.85 98.12 110 965K 799K 101.95
Current.
CRDN 12/19 Test 50 54.55 +0.13 46.47 53.95 616K 1.1M 52.55
Current. Gapped up at the open, but gave it back on average volume. Continue with the uptrend.
CRM 01/10 Test BO 39.52 -0.45 38.96 45.95 1.5M 2.4M 39.65
Current. Gapped up at the open, but gave it back holding the 10 day MVA on rising, but below average volume. May continue to test back to 38.99.
CTSH 01/07 PreAnn 49.77 -0.92 52.15 59.98 867K 2M 50.89
Current. As volume was light we let it continue the consolidation
along the 50 day EMA (49.47).
DAKT 12/17 PreAnn 31.41 -1.02 30 34.45 101K 150K 20.95
Current. Pullback on rising, but below average volume holding the 10 day MVA. May pullback to 31.
DBRN 01/21 PreAnn 43.34 +0.49 42.72 49.55 602K 1.1M 40.98
Current.
DRI 12/29 PreAnn 40.61 +0.88 40.35 46.48 1.5M 1.3M 39.28
Current.
DTAS 01/23 Test 50 13.7 -0.23 13.91 16.77 1.1M 1.2M 13.32
Current. Pullback on stronger above average volume. May continue to pullback to 13.63.
DVA 01/24 PreAnn 54.92 -1.14 56.21 64.75 1.3M 816K 54.25
Buy Not Hit.
EOG 01/07 PreAnn 81.23 -2.01 79.25 91.45 3.8M 4.5M 82.44
FTO 01/12 PreAnn 42.18 -2.08 42.12 50 1.2M 2M 40.21
Buy Not Issued.
GIL 01/21 PreAnn 45.98 +0.21 45.95 53.85 76K 207K 44.12
Buy Not Issued.
GILD 01/04 PreAnn 57.36 -0.65 56.58 66.95 3M 7.2M 56.74
Current. Gapped up at the open, but gave it back on low volume. May continue to test the 18 day MVA (57)
GPN 01/21 FlyPlat 51.27 +0.51 51.33 59.95 717K 1.1M 49.68
Buy Not Issued.
GRP 01/03 Test BO 48 -1.57 45.51 52.95 2M 1.7M 48.65
Current. Pullback holding the 18 day MVA on lower, but strong volume. May test back to 46.82.
HAL 01/17 PreAnn 74.24 -1.71 71.93 82.89 10M 8M 75.15
Current. Pullback testing the 10 day MVA intraday on above average volume. May continue to test back to the 10 day MVA (72.85)
HOLX 12/19 DB hdl 48.31 +0.07 39.33 45.85 1.1M 1.2M 46.45
Current. Tapped 50.22 at the intraday high, but gave it back on lower, but above average volume. May begin to level off here holding the gain.
ISRG 12/19 Test 18 132.29 -1.83 116.25 126 1.2M 1.2M 129
Gapped up at the open, but gave it back on stronger above. May continue to test back to 10 day MVA (129)
JCOM 01/11 DB hdl 47.45 -0.58 49.12 56.55 397K 769K 47.04
Current.
JEC 12/10 PreAnn 78.2 +0.99 66.75 75.95 495K 610K 75.35
JOYG 01/24 Test 18 47.41 +0.09 47.65 54.95 1.3M 1.5M 45.21
Buy Not Issued. Gapped up at the open, but gave some of it back on average volume. Stock did not make a clear and decisive move on strong volume to enter the play.
KWK 01/19 Cup hdl 44.18 -1.07 46.88 55 1M 1.6M 44.05
Current. As with many energy stocks KWK fell back but maanged
to hold near the 18 day EMA.
LCAV 12/15 PreAnn 52.38 -0.87 50.28 61.32 334K 1M 50.89
Current.
MATR 12/13 PreAnn 41.12 -0.76 41.36 46.98 170K 392K 39.92
Current.
MRVL 01/14 PreAnn 64.29 -0.95 66.04 76.75 3.3M 6.1M 63.21
Current. Gapped up at the open, but gave it back testing the 10 day MVA intraday on low volume. May continue to test the 10 day MVA (63.49)
MRVL 01/03 PreAnn 64.29 -0.95 58.97 66.95 3.3M 4.5M 63.21
Current.
MSCC 01/05 Test BO 29.28 -0.64 29.14 33.95 1.2M 900K 29.48
Current. Pullback tapping 28.36 at the intraday low and made a fierce rally back holding the 18 day MVA on strong volume surge. Shaking out the sellers.
NBR 01/03 PreSplt 77.9 -2.79 79.26 88.95 4.1M 2.5M 79.42
Exited.
NFX 01/21 DB hdl 49.85 -1.85 52.65 60.95 988K 1.9M 50.78
Buy Not Hit.
NIHD 01/12 Test 18 49.01 -0.48 47.21 55.95 1.1M 2.1M 47.45
Current. Pullback on rising, but below average volume. May test back to 10 day MVA (48)
NOV 01/05 PreAnn 71.43 -2.38 69.37 79.45 2.3M 3M 72.42
Current. Sold back with the other energy stocks, but held the
18 day EMA (70.29) & the breakout so leaving it alone.
PPDI 01/19 PreAnn 66 -0.71 64.88 74.65 3.5M 561K 64.89
PSYS 01/24 Test BO 32.12 -0.57 33.22 38.95 565K 800K 31.77
Buy Not Issued.
RIO 01/19 PreAnn 47.58 -0.25 49.31 56.95 4.2M 2.8M 46.48
Entered today. Metal stocks were running early on good volume, but
they ran out of gas and gave back the moves. Still
holding the 10 day EMA.
RJF 01/21 PreAnn 41.27 +1.22 40.15 45.57 721K 427K 39.89
Current.
SLB 01/14 PreAnn 120.7 -2.89 109.45 125.45 9.3M 6M 124.24
Trailing Stop. A pre-split that gave us a good run and some great
gains. Looking for a bit more of a pullback to reload
and give us another play.
SNDK 01/14 Test BO 70.35 -4.12 73.72 89.45 23M 21M 71.55
Current.
SNDK 12/20 DB hdl 70.35 -4.12 60.69 72.38 23M 20M 71.55
Current. Closed at the 18 day EMA, selling back on rising volume.
This is where SNDK needs to make its stand on this leg.
SRZ 01/23 Cup 35.71 -0.43 36.25 41.95 148K 565K 34.98
Buy Not Issued.
STJ 01/06 Test 50 50.03 -3.27 52.92 61.45 8.1M 3.1M 52.89
Exited. Earnings were not well-received, was downgraded, and
JNJ concession on the Guidant deal sank it.
SU 01/03 PreAnn 72.52 -2.04 64.88 73.95 3.1M 3.5M 72.88
Current.
SWN 12/22 Asc Tri 40.71 -1.82 37.92 45.55 3.7M 8M 41.45
Pullback on stronger above average volume. May continue to test back to 18 day MVA (40)
TECH 01/09 PreAnn 59.28 +0.56 59.84 69.95 202K 379K 58.18
Current. Tapped 58.64 and rallied back on rising, but below average volume. Moving up after testing the 50 day MVA.
TRID 01/24 Test BO 21.46 -0.99 22.88 27 3.9M 2.2M 21.54
Buy Not Issued. Pullback testing the 18 day MVA intraday and rallied back on strong volume. May continue to test the 18 day MVA (21.16)
UPL 01/03 PreAnn 65.68 -1.67 58.57 69.95 3.9M 3M 67.11
VIP 01/11 Asc Tri 48.03 -0.86 49.43 56.88 849K 900K 47.65
Current. Gapped up at the open, but gave it back on stronger above average volume. May continue to test back to 47.43.
VIVO 01/19 Test BO 25.97 +0.17 25.74 30.35 963K 400K 24.02
Current. Tapped 27.74 at the intraday high, but gave much of it back showing a doji on stronger above average volume. Stock may begin to level off here holding the gain.
WIRE 01/07 PreAnn 24.47 -0.85 26.23 31.31 281K 502K 24.88
Exited.
WRES 01/12 Cup hdl 17.29 -0.38 17.73 21.38 367K 676K 16.88
Current. Pullback holding the 10 day MVA on average volume. May continue to test back to support at 17 (18 day MVA)
XTO 01/03 PreAnn 47.57 -1.32 46.08 52.99 4.9M 5.2M 46
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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