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stock split, stock recommendation
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11/12/01 Stock Split Report Addition
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Stock Split Report Subscribers:
The following is an addition to the prior report.
ACS (Affiliated Computer--$89.77; +1.67; optionable (ACS): Information Software
http://biz.yahoo.com/p/a/acs.html
STATUS: Bouncing from the 50 day MVA (87.26) after some selling took the stock down from the November high at 93.98. ACS tapped the support twice in the last 2 sessions, then moved up to close just under its 18 day MVA (90.25) with volume sinking lower (436,200; avg. 724,000). On stronger volume we look for a break of resistance and move over the monthly highs. Target: 108
BUY POINT: Over 90.25 on volume in the range of 725,000 or higher. Stop: 83.93 (7%)
POSITION: Stock and/or December $85 calls to buy (ACS LQ; low open interests).
APPB (Applebee's--$31.50; -0.01; optionable): Leisure: Restaurants
http://biz.yahoo.com/p/a/appb.html
STATUS: Pulling back in a handle and showing a tighter doji Monday, with volume rising sharply to 608,500 (avg. 402,000), pushing the stock back from a low that tested the 18 day MVA at 30.91. This pattern formed at the top of a nice uptrend dating from mid-2000. APPB shows strong money flow and buying. Target: 40
BUY POINT: 33.13 on continued strong volume (minimum breakout volume is 603,000). Stop: 30.81 (7%); 18 day MVA is at 30.85).
POSITION: Stock and/or December $25 (AQB LE; 0 open interests) or February $25 calls to buy (AQB BE; low open interests thus far).
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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stock split
stock recommendation
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