|
|
us stock market, trade stock
Begin part 2 of 2
Full report issues Tuesday.
THE PLAYS:
Good movers: ATW; DO; HAL; RIG
New Pre-Split Plays:
Play Date: 04/10/2006
HP (Helmerich & Payne--$70.71; +1.83; optionable): Splits 2:1 on a date to be announced
http://biz.yahoo.com/p/h/hp.html
STATUS: Cup w/handle. HP formed a reverse head and shoulders from mid-February to late March and broke higher to end the month. It has faded the past two weeks to test the 50 day EMA (67.37) in a lateral move, forming something of a handle to the 9 week pattern. The breakout is setting HP up for a new all-time high, but we are not necessarily looking for that; our initial target is the high in the pattern. If it can run past that then we will let it do so. Positive accumulation is setting the foundation for the breakout.
Volume: 524.1K Avg Volume: 816.765K
BUY POINT: $71.65 Volume=950K Target=$80.00 Stop=$68.89
POSITION: HP IN - Sept. $70c (56 delta)
http://www.investmenthouse.com/cs/hp.html
New Pre-Announcement Play:
Play Date: 04/10/2006
ANSS (Ansys--$52.29; +0.35; optionable): Technical and system software. Forecast in late May or early June with its to be announced shareholder meeting.
BACKGROUND: Announced its only 2:1 split on 8-5-04 at $45.70.
http://biz.yahoo.com/p/a/anss.html
After Hours: $52.20
STATUS: Test 18 day EMA. We said we would look at ANSS when it completed this test, and it held the 18 day EMA (51.68) again Monday, posting a modest gain. This is testing the most recent break higher, a strong volume move out of a short 5 week base. Strong market leader setting up to move higher once more. Looking for ANSS to move through the 10 day EMA (52.43) on rising volume to start new positions.
Volume: 239.932K Avg Volume: 280.884K
BUY POINT: $52.82 Volume=325K Target=$60.95 Stop=$51.38
POSITION: QUS GJ - July $50c (59 delta) &/or Stock
http://www.investmenthouse.com/cs/anss.html
Play Date: 04/08/2006
TLM (Talisman Energy--$56.19; -0.66; optionable): Independent oil and gas. Splits 31 on 5-31-06.
http://biz.yahoo.com/p/t/tlm.html
STATUS: Cup w/handle. Forming a handle rather far down in its 11 week base, but after the nice volume on the Thursday gap higher we are looking to start the play on the next move higher that shows some good trade. Friday TLM faded back some but on much lower, below average volume. Nice test of the good Monday through Thursday move; may take another session or two to get it full set up the rebound but that high volume shows us the buying interest is there.
Volume: 814.8K Avg Volume: 1.25M
BUY POINT: $57.48 Volume=1.5M Target=$67.95 Stop=$55.65
POSITION: TLM GK - July $55c (62 delta) &/or Stock
http://www.investmenthouse.com/cs/tlm.html
New Post-Split Plays:
Play Date: 04/08/2006
BHE (Benchmark Electronics--$25.55; 0.00; optionable): Printed circuit boards
http://biz.yahoo.com/p/b/bhe.html
STATUS: Test breakout. Taking another look at BHE after its Tuesday split that saw some rather wild action. It settled down and eased back up to the top of the recent three week range, tapping at 26 on the Friday high. Nice leader that has tested the mid-March breakout from its 8 week base that formed using the 50 day EMA (24.37) as support. Stronger volume Friday and looking for more of that kind of trade as it moves through the buy point. Nice 3 to 1 accumulation in the base set up the move.
Volume: 556.1K Avg Volume: 633.936K
BUY POINT: $26.26 Volume=800K Target=$31.55 Stop=$25.00
POSITION: BHE JE - Oct. $25c (64 delta) &/or Stock
http://www.investmenthouse.com/cs/bhe.html
Continuing Pre-Announcement Play:
Play Date: 04/08/2006
FRK (Florida Rock--$59.59; -0.39; optionable): Cement. Forecast to announce a split early May.
BACKGROUND: Frequent splits. Last announced a 3:2 split on 5-4-05 at $59.50.
http://biz.yahoo.com/p/f/frk.html
STATUS: Cup w/handle. Low volume Monday as FRK eased back slightly but bounced to close off its session low. Still bumping the breakout point and this kind of test and rebound helps set it up for the move higher. To recap: Volume surged Thursday and Friday as FRK rallied up to the recent highs at 60 in the handle to its 6 month base. Positive 7 to 5 accumulation shows net buying as FRK sets up for the break higher toward a new all-time high. Strong money flow is surging higher. Like the recent volume but showed a doji Friday at the top of the handle range. May fade to start the week, make a higher low and then move back up.
Volume: 508.3K Avg Volume: 698.96K
BUY POINT: $60.55 Volume=1M Target=$70.45 Stop=$58.00
POSITION: FRK IL - June $60c (60 delta) &/or Stock
http://www.investmenthouse.com/cs/frk.html
CONTINUING PLAYS
* * SPREADSHEET DOWNLOAD * * *
The following link is to a spreadsheet download of the continuing play table. It will allow subscribers to sort the data for your personal investment use. This is a service to our subscribers only, and no other use of the information is authorized. Simply click on the link, enter your username and password, and download the spreadsheet!
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
AH 04/08 Test BO 60.85 -0.09 61.45 72.95 434K 625K 59.55
Buy Not Issued. Gapped up at the open but gave it back on rising, but below average volume. Need to see a clear and decisive move on strong volume.
AH 03/13 Test 18 60.85 -0.09 58.92 69.42 434K 750K 59.98
Current.
AHC 04/04 PreSplt 147.74 +1.90 148.15 164.90 952K 2M 147.32
Current. Volume not there to enter the play. If stock makes the breakaway move tomorrow on strong volume will be a buy.
APH 03/25 Asc Bse 51.40 -0.60 52.89 61.95 216K 725K 51.45
Current. Ease back holding the 18 day MVA on low volume. Should be ready to rebound from here.
ATHR 02/28 FlyPlat 26.90 -0.85 21.98 26.45 1.4M 1.4M 26.68
Current. Pullback testing the 18 day MVA intraday and rallied back holding the 10 day MVA on rising, but below average volume. Testing the breakout. Should be ready to bounce from here.
ATW 04/01 PreSplt 55.86 +1.71 50.88 57.25 508K 425K 54.00
BER 04/01 PreSplt 39.89 +0.05 39.60 45.11 617K 655K 39.00
Current.
BHE 04/08 Test BO 25.33 -0.22 26.26 31.55 436K 800K 25.00
Buy Not Hit.
BRCM 04/05 Test 50 44.96 -0.98 46.61 54.75 10M 17M 44.95
Current. Pullback holding the 18 day MVA on low volume. Should be ready to bounce from here.
BRO 02/21 DB hdl 33.81 -0.19 32.00 37.95 593K 808K 33.00
Current.
BTU 03/30 Asc Bse 52.33 +0.22 51.94 59.95 1.7M 6.8M 50.78
Current. Continue with the uptrend on low volume.
CELL 03/07 FlyPlat 30.68 -0.91 29.73 35.68 720K 1M 31.12
Trailing Stop.
CHE 03/25 Test BO 57.77 -0.68 59.88 68.95 200K 225K 57.68
Buy Not Issued.
CHE 02/22 Asc Bse 57.77 -0.68 55.65 65.75 200K 284K 57.48
Trailing Stop.
CHRW 03/11 Test BO 52.28 -0.01 47.42 54.75 1.7M 1.1M 50.32
Current. Tapped 51.83 a the intraday low and rallied back showing a doji on very strong volume surge. Doji may indicate a change in pattern to the upside.
CTRP 04/01 PreSplt 86.87 +0.40 83.78 98.00 128K 415K 82.88
Buy Not Issued.
CTRP 03/11 Test BO 86.87 +0.40 77.20 88.95 128K 400K 84.12
Current. Continue to trend higher on low volume.
CTSH 03/28 PreAnn 57.45 -0.61 59.55 70.00 1.1M 1.6M 58.98
Current. Pullback below the 18 day MVA on rising volume. Looking for a bounce off the 50 day MVA (56.30)
CWTR 04/06 FlyPlat 26.76 -0.60 28.57 34.45 892K 2.1M 26.85
Buy Not Hit. The stock has not made the move we were looking for so will drop.
CX 04/01 PreAnn 67.81 +0.51 66.94 76.70 1.4M 2.7M 66.11
Current. Gapped down to open on the 10 day MVA and rallied back on lower below average volume. Continue with the uptrend.
CYMI 04/03 Dbl btm 47.21 -1.61 48.12 57.45 573K 1.3M 47.95
Current. Ease back tapping 46.68 at the intraday low and rallied back holding above the 10 day MVA on low volume. Testing the breakout. May test back to (46.37)
DAKT 04/08 PreAnn 38.81 +0.02 39.48 46.95 113K 195K 37.69
Buy Not Hit.
DBRN 03/27 PreSplt 24.77 -0.27 24.30 29.35 874K 1.1M 24.00
Current. Pullback on low volume. May continue to test back to 10 day MVA (24.40)
DBRN 02/21 PreSplt 24.77 -0.27 22.77 27.25 874K 1.2M 23.97
DO 04/08 Test BO 94.32 +3.10 93.31 105.95 2M 3M 90.57
Entered today. Nice move up the 10 day MVA on below average volume.
DRIV 03/25 Test BO 43.98 -0.04 43.54 50.95 814K 1.3M 43.62
Current. Pullback testing the 18 day MVA intraday low and rallied back showing a doji on the 10 day MVA on lower below average volume. Doji may indicate a change in pattern to the upside.
DRIV 03/08 DB hdl 43.98 -0.04 40.08 48.00 814K 1.4M 43.62
Current.
FORM 03/29 Flat 39.21 -0.34 40.88 47.88 498K 1.1M 39.32
Current. Pullback holding the 18 day MVA on low volume. Should be ready to bounce from here.
FRK 04/08 PreAnn 59.59 -0.39 60.55 70.45 508K 1M 58.00
Buy Not Hit.
GG 03/20 Asc Bse 30.47 +0.19 28.32 33.98 3.2M 5.6M 29.42
Current. Continue to trend higher on low volume.
GPRO 03/27 PreAnn 52.91 -1.30 55.65 63.99 397K 450K 52.95
Buy Not Issued. The stock has not made the move we were looking for so will drop.
GPRO 03/11 PreAnn 52.91 -1.30 52.35 62.00 397K 525K 53.65
Trailing Stop.
GRMN 04/01 PreAnn 82.29 +0.02 81.75 95.00 781K 2M 78.32
Current. Tested the 18 day MVA intraday and rallied back showing a doji on low volume. Beginning to make a lateral move. 10 day MVA moving up to meet the stock.
HAL 04/04 PreSplt 79.13 +1.86 75.80 85.00 4.9M 8.5M 76.58
Current. Continue to move up the 10 day MVA on low volume.
HOLX 03/15 Flat 52.96 -1.67 53.09 61.95 781K 1M 53.12
Current. Pullback testing the simple 50 day MVA intraday and rallied back on below average volume. May test back to 52.50)
LEH 04/04 PreAnn 150.30 +1.65 150.12 169.00 2M 3M 147.15
Entered today. Moving up 10 day MVA on below average volume. Came off the day's high of 151.28. Looking for stock to continue uptrend.
LLL 03/09 PreAnn 84.00 +0.31 85.73 98.95 729K 1.2M 85.00
Current.
LRCX 04/05 PreAnn 44.64 -0.64 44.88 52.38 3.5M 4M 44.11
Current. Gapped down testing the 10 day MVA intraday and rallied back showing a doji on slightly above average volume. Testing the breakout. May test back to 10 day MVA (44)
MRO 04/04 PreAnn 79.14 +1.04 79.16 90.00 1.7M 4.5M 77.05
Current.
MSTR 03/25 PreAnn 105.00 +0.75 105.98 121.95 203K 400K 102.15
Buy Not Issued.
MSTR 03/08 Cup hdl 105.00 +0.75 100.95 115.00 203K 516K 103.00
Continue with low volume consolidation.
NTES 03/18 Test BO 23.21 +0.37 23.34 26.67 1.7M 1M 23.15
Current. Showing a doji just under the 10 day MVA on rising, but below average volume. Moving up after testing the 18 day MVA.
NVDA 03/07 PreSplt 30.00 -0.53 25.08 29.98 11M 6.2M 29.05
Current.
NVDA 02/06 Test 18 30.00 -0.53 23.48 27.74 11M 6.1M 29.05
Current.
QCOM 03/23 Test BO 51.58 -0.38 50.71 59.98 7.2M 15M 50.89
Current. Pullback tapping 51 at the intraday low and rallied back on low volume. Meeting some new resistance at 52
QCOM 03/04 Rv H&S 51.58 -0.38 48.88 57.95 7.2M 19M 50.89
Current.
RIG 03/28 PreAnn 84.49 +2.18 82.65 96.00 3.2M 8M 81.88
Current.
RMBS 04/04 Test BO 41.63 -0.78 39.43 47.00 3.2M 7.5M 40.28
Current. Ease back on low volume. Testing the breakout. May test back to 10 day MVA (40)
RMD 03/27 Test BO 42.83 -0.13 43.95 50.95 311K 600K 42.85
Current. Pullback tapping 42.30 at the intraday low and rallied back managing to hold the 18 day MVA on rising volume. Should be ready to bounce from here.
RS 03/25 PreAnn 93.66 +1.19 89.68 104.00 400K 591K 93.95
SCHN 04/06 PreAnn 39.55 -2.63 44.12 52.95 3M 750K 41.65
Buy Not Hit. After the Friday drop did not give us the move we wanted, it failed to hit expectations and was gapped lower.
Big recovery off the lows but still a lot of damage.
SIRF 04/06 Flat 38.57 +0.25 38.55 44.95 843K 2.3M 36.22
Buy Not Issued. Volume not there to enter the play. If stock makes its breakaway move tomorrow on strong volume will still be a buy.
SLAB 04/08 Test BO 56.25 -1.34 56.55 67.85 853K 1.7M 54.94
Buy Not Hit. Making the test prior to rebounding, holding the 10
day EMA (55.94) on the Monday close on very low volume.
Nice test.
SLAB 03/22 Test 50 56.25 -1.34 51.68 61.65 853K 1.8M 57.44
Current.
SLB 04/08 Test BO 64.66 +0.14 65.05 76.00 8.7M 7M 63.15
Buy Not Issued.
SU 03/30 PreAnn 82.66 +0.97 79.90 92.50 2.4M 4.1M 79.68
Current.
THQI 04/04 Cup hdl 26.38 +0.13 26.75 31.88 753K 1.5M 25.00
Buy Not Issued. 26.38 +0.13 26.75 31.88 753K 1.5M 25.00
Buy Not Issued. Bounced off the 10 day MVA on rising, but below average volume. Still forming the handle.
TLM 04/08 PreSplt 57.03 +0.84 57.48 67.95 709K 1.5M 55.65
Buy Not Hit.
TRID 03/07 Test 18 29.65 -0.36 29.31 35.35 1.6M 2M 29.32
Current.
VIVO 03/21 Dbl btm 26.10 -0.87 26.58 32.45 315K 300K 26.05
Current. Pullback testing the 18 day MVA intraday and rallied back on stronger above average volume. Should rebound from support at 26.
WIRE 04/01 DB hdl 35.03 +0.20 35.28 42.45 339K 884K 33.55
Current.
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.
|
us stock market
trade stock
|
