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trade stock, stock split
Begin part 2 of 2
Full report issues Thursday.
THE PLAYS:
Good movers: ASEI; CHE; CHRW; DRIV; OPLK; TSCO
New Post-Split Play:
Play Date: 03/22/2006
IMGC (Intermagnetics General--$29.52; +1.01; optionable): Superconducting materials, etc.
http://biz.yahoo.com/p/i/imgc.html
STATUS: Double bottom w/handle. Nice run after the January breakout, peaking just over 31. Then it fell into the current 6 week base as it split, forming the pattern over the 50 day EMA (27.16). Nicely formed base sporting positive accumulation and strong money flow running higher ahead of price is paving the way. Moving laterally the past two sessions on lower volume after the strong run to form the right side of the base, starting to form the handle to the base. May take a couple more sessions to complete the handle and make the breakout to a new all-time high. Strong leader setting up for the breakout.
Volume: 207.916K Avg Volume: 562.588K
BUY POINT: $30.35 Volume=844K Target=$36.95 Stop=$27.65
POSITION: IMG GF - July $30c (54 delta) &/or Stock
http://www.investmenthouse.com/cs/imgc.html
Potential Pre-Announcement:
Play Date: 03/22/2006
SLAB (Silicon Labs--$49.26; +1.56; optionable): Semiconductors. Researching the date.
BACKGROUND: A new issue in 2000, SLAB has yet to split its stock.
http://biz.yahoo.com/p/s/slab.html
STATUS: Flat base. SLAB is working laterally over the 50 day EMA (46.27) the past 8 weeks, forming the handle to a much larger 26 month cup with handle base. Solid 3 to 1 accumulation in the handle shows solid buying, setting up for the breakout. Money flow is running higher ahead of price. Volume has jumped back up the past two sessions, indicating money is starting to come in. Looking for a lot more trade as it moves through the buy point.
Volume: 1.322M Avg Volume: 1.276M
BUY POINT: $50.88 Volume=1.8M Target=$60.95 Stop=$47.32
POSITION: QFJ GJ - July $50c (55 delta) &/or Stock
http://www.investmenthouse.com/cs/slab.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
AGN 03/11 PreAnn 116.25 +2.71 116.85 133.95 797K 1.4M 112.55
Buy Not Issued.
AH 03/13 Test 18 58.19 +0.18 58.92 69.42 413K 750K 56.44
Current. Making a lateral move on low volume. Holding at some resistance.
AMX 02/18 Asc Bse 35.01 +0.14 35.45 41.85 2.7M 5.6M 34.15
Current.
ANSS 03/04 PreAnn 49.6 +0.82 49.95 58.45 172K 475K 48.55
Current.
ARO 03/18 PreAnn 30.59 -0.17 31.45 37.75 1.1M 1.5M 29.65
Buy Not Hit. Pullback testing the 18 day MVA intraday and rallied back to hold the 10 day MVA on rising, but average volume. Looks like stock is ready to bounce from here.
ASEI 03/09 PreAnn 89.01 +2.03 85.75 98.65 251K 362K 87.68
Current. Tested the 18 day MVA intraday and rallied back for a great move on rising volume. Moving up after testing the breakout.
ATHR 02/28 FlyPlat 24.04 -0.7 21.98 26.45 1.3M 1.4M 22.97
Current. Pullback on below average volume to hold the 10 day MVA. Holding at some resistance.
BRO 02/21 DB hdl 32.36 +0.35 32 37.95 288K 808K 31.91
Current.
CELG 03/14 Test BO 41.43 +0.52 40.83 48.55 2.7M 6M 40.38
Current. Tested the 18 day MVA intraday and rallied back on low volume. Moving up after testing the breakout.
CELL 03/07 FlyPlat 30.26 +1.04 29.73 35.68 433K 1M 28.65
Current.
CHE 02/22 Asc Bse 59.67 +1.11 55.65 65.75 212K 284K 57.32
Current. Nice move up the 10 day MVA on slightly above average volume.
CHRW 03/11 Test BO 47.3 +1.47 47.42 54.75 1.3M 1.1M 45.05
Entered today. Bounced off the 10 day MVA for an explosive move on excellent volume surge. Broke through some resistance at 46.
CPRT 03/21 Cup hdl 27.7 +0.28 27.65 33 544K 435K 26.55
Entered today. Tapped 78.87 at the intraday low and rallied back for a nice gain on low volume. Continue with the uptrend.
CTRP 03/11 Test BO 81.9 +2.19 77.2 88.95 146K 400K 79.11
Current.
DAKT 03/04 PreAnn 38.49 +0.88 36.45 42.55 184K 168K 37.88
Current.
DBRN 02/21 PreSplt 47.96 +0.61 45.55 54.45 628K 1.2M 45.55
DO 03/16 PreAnn 79.53 +0.3 84.57 99.95 2.2M 3M 80.95
Current. Holding at some support. Should rebound from here.
DRIV 03/08 DB hdl 44.51 +1.03 40.08 48 1.8M 1.4M 42.88
Current. Continue to move up the 10 day MVA on lower, but strong volume.
DVA 01/24 PreAnn 59.25 -0.59 56.21 64.75 1.1M 816K 58.57
Current.
EAT 03/16 PreAnn 42.71 +0.13 43.12 49.95 566K 1.2M 41.89
Buy Not Hit.
FDX 03/20 PreAnn 114.44 +1.22 115.05 125 2.8M 1.7M 112.95
Buy Not Hit.
FFIV 03/18 Test BO 70 -0.57 71.23 81.95 951K 1.2M 69.05
Current. Gapped down at the open tapping 68.51 at the intraday low and rallied back showing a tight doji at support on lower below average volume. Testing the breakout. Should be ready to rebound from here.
FFIV 03/06 Test BO 70 -0.57 67.38 81.95 951K 1.4M 71
Current.
GD 03/13 PreSplt 130.55 +0.45 128.44 136.55 722K 900K 128.88
GG 03/20 Asc Bse 26.58 -0.26 28.32 33.98 2.9M 5.6M 26.77
Buy Not Hit. Gapped down showing a tight doji just under the 18 day MVA on lower below average volume. May test back to simple 50 day MVA (26)
GILD 03/07 PreAnn 62.7 +0.4 61 69.95 3M 4.8M 61.37
Current. Tapped 61.52 at the intraday on low and rallied back on below average volume. Should continue to rebound from here.
GPN 03/14 Asc Bse 52.99 -0.87 53.45 61.95 455K 775K 51.89
Current. Pullback on lower below average volume holding the 10 day MVA. Should be ready to rebound from here.
HOLX 03/15 Flat 53.59 +0.88 53.09 61.95 417K 1M 51
Current. Continue to trend higher on low volume. Meeting resistance here.
ITG 02/09 PreAnn 48.95 -0.48 45.25 53.95 737K 700K 49.78
Continue to pullback on stronger above average volume holding above the 18 day MVA. Testing the breakout. Should bounce off the 18 day MVA (48.50)
JLG 03/21 PreSplt 61.44 +1.81 61.45 70.95 493K 900K 58
Buy Not Issued.
LLL 03/09 PreAnn 86.79 +0.43 85.73 98.95 758K 1.2M 85
Current.
LMT 03/16 PreAnn 76.5 +0.2 76.05 87.45 2.8M 2.2M 74.89
Buy Not Issued.
MSTR 03/08 Cup hdl 104.63 +1 100.95 115 187K 516K 103
Bounced off the 10 day MVA on low volume. Continue with uptrend.
NIHD 03/14 Test 50 52.28 +0.52 53.39 62.95 635K 1.8M 50.64
Current.
NTES 03/18 Test BO 92.28 -0.22 93.35 106.65 588K 1M 89.22
Current. Pullback testing the 10 day MVA intraday on low volume. Still in good shape.
NVDA 03/07 PreSplt 49.33 -1.46 50.15 59.95 9.6M 6.2M 48.05
Current.
NVDA 02/06 Test 18 49.33 -1.46 46.96 55.45 9.6M 6.1M 48.05
Current.
OPLK 03/21 Asc Bse 18.92 +1.23 18.51 22.22 1M 250K 17.21
Entered today. Tested the 10 day MVA intraday and rallied back for a great move on excellent volume surge.
PLCE 03/07 PreAnn 54.18 +0.65 51.88 59.95 542K 1M 48.39
Buy Not Issued.
PNRA 02/04 PreAnn 72.72 -0.42 72.59 83.88 366K 801K 71.55
Current. Pullback testing the 18 day MVA intraday and rallied back holding the 10 day MVA on rising, but below average volume. Should be ready to bounce from here. Meeting resistance at 74.
POOL 03/15 PreAnn 46.47 +0.83 45.65 52.55 188K 395K 43.21
Buy Not Issued.
PPDI 02/18 Test BO 34.99 -0.11 35.06 39.95 622K 544K 34.41
Buy Not Issued.
PPDI 01/19 PreAnn 34.99 -0.11 32.44 37.32 622K 561K 34.22
QCOM 03/04 Rv H&S 49.75 +0.16 48.88 57.95 11M 19M 49
Current. Bounced off the 10 day MVA on lower below average volume. Meeting some resistance at 50
RJF 03/18 PreSplt 44.47 +0.32 45.22 53.95 280K 534K 43.69
Buy Not Hit.
RNT 03/18 PreAnn 26.84 +0.48 26.88 32.45 176K 350K 25.41
Buy Not Issued.
TECH 02/27 PreAnn 59.94 +1.02 60.57 71.88 186K 374K 58.88
Buy Not Hit. Tapped 57.88 at the intraday low and rallied back for a nice gain on rising volume. Looking good. Meeting some resistance at 60.
TRID 03/07 Test 18 27.91 -0.12 28.11 33.75 832K 2M 26.85
Buy Not Issued.
TRMB 03/06 Test BO 44.51 +0.24 42.75 50.88 426K 450K 40.58
Buy Not Issued. Continue to move up out of the buy point range on rising, but average volume. Will let test back.
TSCO 03/11 PreAnn 66.38 +1.12 64.88 73.88 341K 599K 64
Current.
VIVO 03/21 Dbl btm 25 +0.24 25.25 30.45 181K 300K 23.48
Buy Not Hit. Tapped 24.11 at the intraday low and rallied back on below average volume. Meeting some resistance at 25. Still in the pattern.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ANF 03/09 Put 56.12 -0.51 56.55 54 1.3M 2.5M 57.45
Current. Broke through some support on low volume.
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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