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us stock market, stock split
Begin part 2 of 2
Full report issues Thursday
THE PLAYS:
Good movers: AH; AHC; CHRW; CX; CYMI; HAL; RIG; RMBS; SLAB; SLB; SU; TRID; VIVO
New Post-Split Plays:
Play Date: 04/05/2006
BRCM (Broadcom--$46.05; +1.65; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/b/brcm.html
After Hours: $46.10
STATUS: Test 50 day EMA (43.43). Gave us a hell of a ride in January when it raced higher into earnings and then announced huge earnings and a split. It has spent the past 9 weeks working off that excess, coming back to the 50 day EMA last week, undercutting but then recovering. Volume jumped Monday as BRCM did the same off the 50 day. Ready to cross some resistance at 46. Want to see some big volume as it does. Money flow has turned sharply higher and is running higher ahead of price. Looks ready for the move. Again, want to see it strong when it comes.
Volume: 15.89M Avg Volume: 16.824M
BUY POINT: $46.55 Volume=17M Target=$54.55 Stop=$44.32
POSITION: RBF HX - Aug. $46.625c (57 delta) &/or Stock
http://www.investmenthouse.com/cs/brcm.html
New Pre-Announcement Play:
Play Date: 04/05/2006
LRCX (Lam Research--$43.98; +1.59; optionable): Chip equipment. Forecast 4-12-06 after the close
BACKGROUND: Split 3:1 1-24-00 at $138. That last split was in the go-go days.
http://biz.yahoo.com/p/l/lrcx.html
After Hours: $44.02
STATUS: Cup. Similar to BRCM, LRCX gapped higher in mid-January and rallied to 48; strong move. It needed to consolidate after that, and the past 8 weeks it has done that, fading back to the 50 day EMA (42.78) where it held and worked laterally for 5 weeks. Solid 4 to 2 accumulation already in this base, a good signal it has a lot of support even on this pullback. Looking for a 6 year high on this move.
Volume: 2.383M Avg Volume: 3.031M
BUY POINT: $44.42 Volume=4M Target=$51.95 Stop=$42.68
POSITION: LMQ II - Sept. $45c (53 delta) &/or Stock
http://www.investmenthouse.com/cs/lrcx.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
AH 03/13 Test 18 61.96 +1.75 58.92 69.42 992K 750K 59.98
Current. Another nice move up the 10 day MVA on stronger above average volume making a 52 week high.
AHC 04/04 PreSplt 148.24 +3.70 148.15 164.90 3.3M 2M 144.95
Entered today.
AMX 02/18 Asc Bse 34.80 -0.05 35.45 41.85 3.9M 5.6M 34.09
Current.
ANSS 03/04 PreAnn 53.48 +0.13 49.95 58.45 205K 475K 52.25
Current.
APH 03/25 Asc Bse 52.27 +0.27 51.88 60.95 347K 725K 49.25
Buy Not Issued. Need to see the breakaway move on strong volume.
ATHR 02/28 FlyPlat 28.29 +0.02 21.98 26.45 2.1M 1.4M 26.68
Current. Tapped 27.35 at the intraday low and rallied back showing a doji on lower, but above average volume. Still in uptrend.
ATW 04/01 PreSplt 108.60 +1.60 101.75 114.50 320K 425K 106.00
BER 04/01 PreSplt 40.24 +0.52 39.60 45.11 898K 655K 39.00
Current.
BRO 02/21 DB hdl 33.68 +0.17 32.00 37.95 290K 808K 32.88
Current.
BTU 03/30 Asc Bse 51.70 +0.63 51.94 59.95 3M 6.8M 49.97
Current. Continue to move up on rising volume after testing the 50 day MVA
CELL 03/07 FlyPlat 31.85 +0.21 29.73 35.68 472K 1M 30.80
Current.
CERN 03/23 Cup hdl 46.96 -0.14 47.36 54.55 440K 1.1M 45.78
Buy Not Issued.
CHE 03/25 Test BO 58.67 -0.05 59.88 68.95 204K 225K 57.68
Buy Not Issued.
CHE 02/22 Asc Bse 58.67 -0.05 55.65 65.75 204K 284K 57.48
Current. Tested the 18 day MVA intraday and rallied back showing a doji on the 10 day MVA. Still in good shape.
CHRW 03/11 Test BO 51.44 +1.33 47.42 54.75 934K 1.1M 49.18
Current. Broke out for a nice gain on average volume.
CTRP 04/01 PreSplt 84.63 +0.64 83.78 98.00 43K 415K 80.89
Buy Not Issued. Volume not there to enter the play. Will let test back.
CTRP 03/11 Test BO 84.63 +0.64 77.20 88.95 43K 400K 82.11
Current.
CTSH 03/28 PreAnn 59.69 -1.34 59.55 70.00 1.5M 1.6M 58.98
Current. Pullback on stronger above average volume. May continue to test back to 10 day MVA (59.27)
CX 04/01 PreAnn 67.92 +1.02 66.94 76.70 1.1M 2.7M 65.97
Current. Gapped up at the open and continued to move up the 10 day MVA on low volume. Filled the gap intraday.
CYMI 04/03 Dbl btm 48.47 +2.31 48.12 57.45 1.3M 1.3M 46.05
Entered today. Explosive move on excellent volume surge.
DBRN 03/27 PreSplt 24.49 +0.11 24.30 29.35 1.2M 1.1M 23.25
Current. Continue with the uptrend on average volume.
DBRN 02/21 PreSplt 24.49 +0.11 22.77 27.25 1.2M 1.2M 23.97
DO 03/16 PreAnn 93.89 +1.04 84.57 99.95 2.4M 3M 91.87
Current. Continue to trend higher on below average volume.
DRIV 03/25 Test BO 45.52 +0.61 43.54 50.95 667K 1.3M 43.62
Current. Moving up after testing the 18 day MVA on low volume.
DRIV 03/08 DB hdl 45.52 +0.61 40.08 48.00 667K 1.4M 43.62
Current.
FORM 03/29 Flat 40.95 +0.51 40.88 47.88 454K 1.1M 39.32
Current. Tested the 10 day MVA intraday and rallied back on low volume. Moving up after testing the 50 day MVA.
GG 03/20 Asc Bse 29.75 +0.12 28.32 33.98 3.7M 5.6M 28.45
Current. Continue to trend higher showing a doji much stronger, but rising, but average volume.
GILD 04/03 PreAnn 63.91 -0.62 64.62 74.75 3M 5.6M 62.44
Current.
GPRO 03/27 PreAnn 55.00 +0.93 55.65 63.99 298K 450K 52.95
Buy Not Issued. Moving up after testing the 18 day MVA on below average volume. Still in the pattern.
GPRO 03/11 PreAnn 55.00 +0.93 52.35 62.00 298K 525K 53.65
Current.
GRMN 04/01 PreAnn 81.58 +0.45 81.75 95.00 572K 2M 78.32
Current. Moving up the 10 day MVA after testing the 18 day MVA on low volume.
HAL 04/04 PreSplt 77.34 +2.14 75.80 85.00 6.8M 8.5M 75.35
Entered today. Gapped up at the open and soared higher on rising, but below average volume. Filled the gap intraday.
HITK 03/30 Cup hdl 28.18 +1.01 28.45 34.00 144K 308K 27.00
Buy Not Issued.
HOLX 03/15 Flat 54.73 +0.94 53.09 61.95 404K 1M 53.12
Current. Bounced off the 18 day MVA on low volume. Meeting some new resistance at 55
LEH 04/04 PreAnn 148.46 +1.33 148.25 167.00 1.9M 3M 144.21
Buy Not Issued. Moving up after testing the 50 day MVA on below average volume. Volume not there to enter the play.
LLL 03/09 PreAnn 84.67 -0.42 85.73 98.95 1M 1.2M 85.00
Current.
MRO 04/04 PreAnn 79.65 +1.53 78.65 90.00 2.9M 4.5M 75.65
Buy Not Hit.
MSTR 03/25 PreAnn 105.09 -0.02 105.98 121.95 164K 400K 102.15
Buy Not Issued.
MSTR 03/08 Cup hdl 105.09 -0.02 100.95 115.00 164K 516K 103.00
Making a lateral move along the 10 day MVA on low volume.
NIHD 03/14 Test 50 58.69 -0.20 53.39 62.95 1.6M 1.8M 57.05
Current.
NTES 03/18 Test BO 23.20 -0.47 23.34 26.67 2.1M 1M 23.15
Current. Pullback holding the 18 day MVA on low volume. Should be ready to bounce from here.
NVDA 03/07 PreSplt 61.10 +0.49 50.15 59.95 9.3M 6.2M 59.32
Current.
NVDA 02/06 Test 18 61.10 +0.49 46.96 55.45 9.3M 6.1M 59.32
Current. NVDA showed some signs of wear Wednesday with a loose
doji and modest gain. Still strong volume. After such
a strong run it is ripe for a test. For split play
options, consider taking some $ off the table.
PNRA 02/04 PreAnn 72.15 -2.81 72.59 83.88 1.3M 801K 73.15
Current. Took a hit on its same store sales, gapping down to
the 50 day EMA (71.37) on strong volume. Tried to rally
intraday but faded again. Sales were strong so giving
it some room to rebound for us.
QCOM 03/23 Test BO 51.67 -0.14 50.71 59.98 9.7M 15M 50.11
Current. Ease back on low volume. Still in uptrend.
QCOM 03/04 Rv H&S 51.67 -0.14 48.88 57.95 9.7M 19M 50.11
Current.
RARE 03/29 PreAnn 34.65 +0.31 34.54 39.75 164K 401K 33.05
Buy Not Issued.
RIG 03/28 PreAnn 83.99 +1.90 82.65 96.00 6.3M 8M 80.15
Entered today.
RIMM 04/01 PreAnn 85.56 -0.72 86.88 99.95 3.6M 8.5M 82.42
Buy Not Issued. Tapped 88.11 at the intraday high, but gave it back on low volume. Still in the pattern.
RMBS 04/04 Test BO 39.47 +0.75 39.43 47.00 2.5M 7.5M 37.95
Entered today. Tested the 10 day MVA intraday and rallied back on low volume.
RMD 03/27 Test BO 44.34 +0.33 43.95 50.95 632K 600K 42.85
Current. Volatile session as stock gapped up at the open tapping 44.92 at the intraday high, but gave some of it back on stronger above average volume. filled the gap intraday. Moving up after testing the 18 day MVA.
RS 03/25 PreAnn 93.72 -0.09 89.68 104.00 551K 591K 93.95
SLAB 03/22 Test 50 59.77 +2.27 51.68 61.65 2.3M 1.8M 57.44
Current.
SLB 03/28 PreSplt 133.00 +2.40 125.73 140.00 5.7M 8M 130.55
Current.
SU 03/30 PreAnn 81.84 +2.51 79.90 92.50 2.1M 4.1M 77.87
Entered today.
THQI 04/04 Cup hdl 26.29 +0.11 26.75 31.88 486K 1.5M 25.00
Buy Not Hit. Moving up after testing the 50 day MVA. Still forming the handle.
TRID 03/07 Test 18 30.78 +1.12 29.31 35.35 1.6M 2M 29.11
Current.
VIVO 03/21 Dbl btm 27.55 +0.70 26.58 32.45 223K 300K 26.05
Current. Nice move up the 10 day MVA on average volume.
WIRE 04/01 DB hdl 35.59 +0.69 35.28 42.45 563K 884K 33.55
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AMAT 03/28 Put 18.26 +0.50 17.39 16.25 27M 30M 17.65
Buy Not Hit. Stock has not made the move we were looking for so will drop.
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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us stock market
stock split
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