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Begin part 2 of 2
Full report issues Tuesday.
THE PLAYS:
Good movers: CTRP; FFIV; WIRE
New Pre-Split Plays:
Play Date: 03/13/2006
GD (General Dynamics--$127.37; +1.07; optionable): Aerospace/defense. Splits 2:1 on 3-27-06.
http://biz.yahoo.com/p/g/gd.html
STATUS: Flying plateau. GD broke out from a 5 month cup with handle in mid-February and rallied to 128. It needed to consolidate that move and has spent the past week moving laterally, bumping 128 on the highs as the 10 day EMA (125.95) rises to meet it. After a bit run like this the 10 day EMA often sets off the next leg higher. Good price bounce Monday, though volume did not follow, falling back below average. Looking for GD to clear the highs in the plateau on some decent trade to start the pre-split run.
Volume: 692.6K Avg Volume: 871.628K
BUY POINT: $128.44 Volume=900K Target=$136.55 Stop=$125.84
POSITION: GD EE - May $125c (62 delta)
http://www.investmenthouse.com/cs/gd.html
New Leader Play: No splits in their histories, but strong stocks and getting into split range.
Play Date: 03/13/2006
AH (Armor Holdings--$56.50; -0.43; optionable): Body armor and vehicle armor
http://biz.yahoo.com/p/a/ah.html
STATUS: Test 18 day EMA. A steady supplier to the US war and security efforts with top notch fundamentals to match its technical pattern. AH broke higher out of a long, 13 month base to start February. It enjoyed a 2 year run up to that base and it needed the consolidation. It broke higher in February and surged as sales continued to grow. It is making its second serious test of the break higher, holding above the 18 day EMA (55.53) the past three weeks as AH eases back on lower, below average volume to test the last run higher. During this pullback money flow has remained strong. The low volume shows no big holders want to give it up. Looks ready to resume the breakout move after taking the pit stop to catch its breath.
Volume: 413.3K Avg Volume: 579.305K
BUY POINT: $57.55 Volume=750K Target=$68 Stop=$55.28
POSITION: AH HK - Aug. $55c (66 delta) &/or Stock
http://www.investmenthouse.com/cs/ah.html
Play Date: 03/13/2006
VTS (Veritas Drilling--$44.12; +0.66; optionable): Oil and gas service company
http://biz.yahoo.com/p/v/vts.html
STATUS: Cup w/handle. While much of the energy sector sold hard the past month, VTS used that pullback to form a new base, a nice 8 week pattern that used the 50 day EMA (41.14) as support as it took a breather and set up for a new 7 year high. Great volume Thursday and Monday as it prepares for the breakout; those big volume jumps are 'get ready' spikes. We were watching VTS but those volume spikes sealed the deal for a play. Looking for a strong break higher from here. Solid technically and excellent sales and earnings growth.
Volume: 1.405M Avg Volume: 556.754K
BUY POINT: $44.72 Volume=750K Target=$53.65 Stop=$42.57
POSITION: VTS HI - Aug. $45c (57 delta) &/or Stock
http://www.investmenthouse.com/cs/vts.html
CONTINUING PLAYS
* * SPREADSHEET DOWNLOAD * * *
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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
AGN 03/11 PreAnn 115.85 -0.22 116.85 133.95 1.1M 1.4M 112.55
Buy Not Hit.
AMX 02/18 Asc Bse 34.01 +0.75 35.45 41.85 2.7M 5.6M 34.15
Current.
ANSS 03/04 PreAnn 47.75 -0.72 48.42 56.95 183K 475K 46.55
Buy Not Issued.
ASEI 03/09 PreAnn 83.02 -0.61 85.75 98.65 169K 362K 82
Current. Ease back on low volume as stock begins to form a handle. Expecting a bounce off the 10 day EMA 82.48
ATHR 02/28 FlyPlat 23.89 -0.11 21.98 26.45 971K 1.4M 22.97
Current. Pullback on low volume. Meeting resistance at 24.
BLUD 02/25 PreAnn 28.53 -0.37 29.92 37.95 239K 669K 28.45
Buy Not Hit. The stock has not made the move we were looking for so will drop.
BR 03/04 PreAnn 89.48 +0.78 91.88 104.95 4.7M 7M 90.05
Buy Not Hit.
BRO 02/21 DB hdl 32.46 -0.17 32 37.95 412K 808K 31.91
Current.
CELL 03/07 FlyPlat 27.78 +0.29 29.57 35.48 708K 1M 27.57
Buy Not Hit.
CEPH 03/07 PreAnn 82.07 +0.63 81.59 97.38 1.1M 3.2M 77.69
Current. Continue with the uptrend on low volume.
CEPH 02/23 PreAnn 82.07 +0.63 76.72 92 1.1M 3M 80.29
CHE 02/22 Asc Bse 55.02 +0.17 55.65 65.75 158K 284K 54.64
Current. Tapped 55.78 at the intraday high, but gave much of it back showing a doji on the 10 day EMA on rising, but below average volume. Meeting some resistance at 56.
CHRW 03/11 Test BO 44.59 -0.26 45.25 52.55 453K 1.1M 43.69
Buy Not Hit. Showing a doji on the 10 day EMA on low volume. Still in the pattern.
COH 02/11 DB hdl 36.58 +0.08 36.88 42.95 2.3M 4.1M 35.15
Buy Not Issued.
CTRP 03/11 Test BO 79.49 +3.99 77.2 88.95 360K 400K 74.69
Entered today. Explosive move on much stronger above average volume.
CWTR 03/04 Cup hdl 26.5 +0.57 22.81 27.45 3.5M 1.9M 21.39
Buy Not Issued. Gapped up over the buy point and just kept climbing. Did not want to chase the stock so will drop for now and let test back.
DAKT 03/04 PreAnn 38.25 +0.51 36.45 42.55 151K 168K 36.12
Current.
DBRN 02/21 PreSplt 43.64 -0.1 44.11 52.95 543K 1.2M 42.55
Buy Not Issued.
DRIV 03/08 DB hdl 40.17 +0.22 40.08 48 1M 1.4M 38.11
Current. Showing a do ji on average volume. Meeting resistance here.
DVA 01/24 PreAnn 58.5 +0.35 56.21 64.75 292K 816K 58.11
Current.
FFIV 03/06 Test BO 68.1 +3.06 67.38 81.95 1.1M 1.4M 65.28
Entered today. Bounced off the 18 day EMA for a great move on rising, but average volume.
GILD 03/07 PreAnn 61.49 +0.4 61 69.95 2.4M 4.8M 58.45
Current. Continue to move up on low volume after testing the 50 day EMA.
GPRO 03/11 PreAnn 52.2 +0.27 52.35 62 682K 525K 49.97
Entered today.
IEX 02/23 PreAnn 47.25 +0.23 48.05 55.35 84K 200K 46.36
Buy Not Hit. Bounced off the 10 day EMA on low volume. Moving up after testing the 18 day EMA.
ITG 02/09 PreAnn 51.2 +1.7 45.25 53.95 1.1M 700K 49.78
Big gap up at the open (52.52), but gave some of it back on very strong volume. Still finished with a nice gain. Continue with the uptrend.
LLL 03/09 PreAnn 83.89 -0.26 84.75 97.95 414K 1.2M 82.78
Buy Not Hit.
MSTR 03/08 Cup hdl 103.02 +3.52 100.95 115 382K 516K 96.68
Buy Not Issued. Gapped higher and ran further but volume was lagging. Looking for a bit of softness early Tuesday, & if it
can continue higher then we will initiate the play
as that shows buyers moving in again.
NVDA 03/07 PreSplt 47.96 +0.57 49.25 56.95 3.1M 6.2M 46.78
Buy Not Hit.
NVDA 02/06 Test 18 47.96 +0.57 46.96 55.45 3.1M 6.1M 46.48
Current.
PLCE 03/07 PreAnn 49.68 -0.72 51.88 59.95 707K 1M 48.39
Buy Not Issued.
PNRA 02/04 PreAnn 70.5 -0.04 71.88 83.25 210K 801K 69.15
Buy Not Issued. Showing a doji on the 10 day EMA on low volume. Still in the pattern.
PPDI 02/18 Test BO 35.23 -0.09 35.06 39.95 380K 544K 34.41
Buy Not Issued.
PPDI 01/19 PreAnn 35.23 -0.09 32.44 37.32 380K 561K 34.22
QCOM 03/04 Rv H&S 48.21 +0.21 48.88 57.95 10M 19M 47.55
Current. Gapped up at the open, but gave it back testing the 10 day EMA intraday on below average volume. Looking for a bounce off the 10 day EMA (47.95)
SILC 03/07 Test BO 10.25 +0.15 10.72 13.55 23K 155K 9.97
Buy Not Hit. Moving up holding just below the 18 day EMA on low volume. Still in the pattern.
SLAB 03/01 Test BO 47.92 -0.28 50.76 60.95 892K 1.8M 47.68
Buy Not Issued.
TECH 02/27 PreAnn 58.99 +0.02 60.57 71.88 171K 374K 58.88
Buy Not Hit. Tapped 58.64 at the intraday low and rallied back showing a doji on the 18 day EMA on rising, but below average volume. Still in the pattern. Moving up on rising volume after testing the 50 day EMA.
TRID 03/07 Test 18 27.54 +0.82 28.11 33.75 1.5M 2M 26.85
Buy Not Hit.
TRMB 03/06 Test BO 41.86 +0.73 42.75 50.88 254K 450K 40.58
Buy Not Hit. Bounced off the 18 day EMA on rising volume. Looking good. Still in the pattern. Need to see more volume on upside move.
TSCO 03/11 PreAnn 61.69 -0.89 63.45 72.95 176K 599K 61.39
Buy Not Hit.
VISG 03/09 Asc Tri 17.83 -0.28 18.87 22.65 259K 696K 17.65
Buy Not Hit.
VMC 02/23 PreAnn 77.91 +0.44 80.11 92 363K 800K 77.45
Buy Not Issued. Still in the pattern. Holding the 10 day EMA on low volume. Need to see the breakaway move on strong volume.
WIRE 02/13 Test BO 35.78 +0.79 30.98 36.98 593K 485K 33.89
Current. Gapped up for a nice gain on stronger above average volume. Continue with the uptrend.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ANF 03/09 Put 56.61 -0.5 56.55 54 1.9M 2.5M 57.45
Entered today. Nice move down the 10 day EMA on rising volume.
KG 03/11 Put 18.07 +0.13 17.75 16.55 1.2M 2M 18.11
Buy Not Hit. Showing a doji on the 10 day EMA on low volume. Should roll over here.
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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