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us stock market, stock split
Begin part 2 of 2
Full report issues Thursday.
THE PLAYS:
Good movers: ANSS; FORM; GRMN; NVDA; RMBS; SIRF
New Pre-Split Plays:
Play Date: 04/12/2006
FD (Federated Dept. Stores--$74.50; +0.35; optionable): Department stores. Splits 2:1 on 6-12-06
http://biz.yahoo.com/p/f/fd.html
After Hours: $74.70
STATUS: Breakout test. FD surged higher last week on strong volume, breaking out from an 11 week ascending triangle. Explosive move and then a quick test on lower and lower volume. It found support Tuesday and Wednesday at the 18 day EMA (73.87). The breakout bounced it to the old high hit back in July 2005; this lower volume test is a good pullback that will give it a running start toward a breakout to a new all-time high. Looking for volume to turn back up as it makes the move.
Volume: 1.471M Avg Volume: 2.536M
BUY POINT: $75.05 Volume=3M Target=$84.50 Stop=$73.69
POSITION: FD HO - Aug. $75c (60 delta) &/or Stock
http://www.investmenthouse.com/cs/fd.html
New buy point on current Leader Play positions:
Play Date: 04/08/2006
AH (Armor Holdings--$60.18; -0.67; optionable): Vehicle armor and security products for law enforcement, military, etc.
http://biz.yahoo.com/p/a/ah.html
STATUS: Test breakout. Continues working laterally, holding the 10 day EMA (60.19) on low, below average volume. AH refuses to give in, using the selling to test its break higher. Just waiting for the break higher on volume. To recap: Nice solid move the first three sessions of April, breaking out of the short 5 week flat base formed using the 18 day EMA (59.41) as support. Tapping at the 10 day EMA on the intraday lows and rebounding to recoup some losses each day of the test, shaking out the sellers. Strong 3 to 0 accumulation in the base. A market leader that looks ready to lead some more.
Volume: 355K Avg Volume: 590.038K
BUY POINT: $61.45 Volume=625K Target=$72.95 Stop=$59.55
POSITION: AH HL - Aug. $60c (62 delta) &/or Stock
http://www.investmenthouse.com/cs/ah.html
CONTINUING PRE-SPLIT PLAYS:
Play Date: 04/11/2006
NBR (Nabors Industries--$71.76; -0.08; optionable): Oil & gas drilling. Splits 2:1 on 4-18-06
http://biz.yahoo.com/p/n/nbr.html
STATUS: Test 50 day EMA. Like the way NBR is tightening up its range as it holds the 10 day EMA (71.49) on the close while testing lower intraday toward the 50 day EMA (70.41) and rebounding. Good shakeout action. The tightening range looks to be setting up the next break higher that will give us our pre-split play. To recap: With the split approaching NBR continues to move laterally over the 50 day EMA on the low and holding the 10 day EMA on the close. It is working in a two week lateral range, forming a handle to a 12 week double bottom with handle of sorts. Volume was up Monday and Tuesday as NBR holds tight over the 10 day. Looking for that volume to propel it on the breakout move.
Volume: 2.784M Avg Volume: 4.019M
BUY POINT: $73.32 Volume=5M Target=$82.95 Stop=$71.21
POSITION: NBR FN - June $70c (69 delta) &/or Stock
http://www.investmenthouse.com/cs/nbr.html
CONTINUING POST-SPLIT PLAYS:
Play Date: 04/04/2006
THQI (THQ, Inc.--$26.97; +0.85; optionable): Electronic game software
http://biz.yahoo.com/p/t/thqi.html
STATUS: Cup w/handle. Good volume, moving back up to average Wednesday as THQI moved just past the handle high. Probably good enough to enter given the low overall volume in the market. If it continues higher Thursday we will initiate the play. To recap: In January THQI rallied to match its all-time high. After that run it needed a breather and fell into the current 12 week base. It used the prior November and December range as its support to form this base, a good indication that breakout will hold. It rallied then came back to the 50 day EMA (25.36) to form the handle, the final shakeout prior to the breakout. Has moved back to the top of the range and looks ready to show us the breakout. Strong money flow is running higher and accumulation is a strong 4 to 1.
Volume: 936.775K Avg Volume: 895.781K
BUY POINT: New: $27.11 (orig. $26.75) Volume=1.5M Target=$31.88 Stop=$25.00
POSITION: QHI IE - Sept. $25c (65 delta) &/or Stock
http://www.investmenthouse.com/cs/thqi.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
AAPL 04/11 PreAnn 66.71 -1.28 68.25 83.00 26M 45M 66.65
Buy Not Hit. Pullback holding the 50 day MVA on lower below average volume. Still in the pattern.
AH 04/08 Test BO 60.18 -0.67 61.45 72.95 355K 625K 59.55
Buy Not Issued. Pullback holding the 10 day MVA on low volume. Testing the breakout. Should be ready to bounce from here.
AH 03/13 Test 18 60.18 -0.67 58.92 69.42 355K 750K 59.98
Current.
AHC 04/04 PreSplt 143.89 -1.31 148.15 164.90 1.2M 2M 147.32
Current. Pullback tapping 142.81 at the intraday low and rallied back holding the 18 day MVA on low volume. Still in the pattern.
ANSS 04/10 PreAnn 53.09 +1.20 53.20 61.25 197K 325K 51.85
Entered today.
ATW 04/01 PreSplt 54.10 -0.73 50.88 57.25 306K 425K 54.00
BER 04/01 PreSplt 39.62 +0.02 39.60 45.11 341K 655K 39.00
Current.
BLUD 04/11 PreSplt 30.41 -0.29 31.45 36.95 567K 528K 29.45
Buy Not Hit. Tapped 31.25 at the intraday high, but gave it back on lower, but strong volume. Moving up after testing the 50 day MVA.
BRCM 04/05 Test 50 43.74 +0.19 46.61 54.75 7.4M 17M 44.95
Current. Showing a doji on the 50 day MVA on low volume. Looking for a bounce from here.
BRO 02/21 DB hdl 33.23 +0.31 32.00 37.95 234K 808K 33.00
Current.
BTU 03/30 Asc Bse 51.29 -0.63 51.94 59.95 1.9M 6.8M 50.78
Current. Pullback holding the 10 day MVA on low volume. Meeting some resistance at 52.
CHRW 03/11 Test BO 52.50 +0.12 47.42 54.75 606K 1.1M 51.00
Current. Beginning to consolidate on low volume holding the gain.
CTRP 03/11 Test BO 42.31 +0.35 38.60 44.48 189K 400K 41.75
Current. Tested the 18 day MVA intraday and rallied back showing a doji on the 10 day MVA on low volume. Should continue to rebound from here.
CX 04/01 PreAnn 65.99 -0.79 66.94 76.70 792K 2.7M 66.11
Current. Ease back testing the 18 day MVA intraday and rallied back on low volume holding at some support. Looking for a rebound from here.
CYMI 04/03 Dbl btm 47.06 +0.30 48.12 57.45 322K 1.3M 47.95
Current. Bounced on low volume after testing the breakout.
DAKT 04/08 PreAnn 37.87 +0.08 39.48 46.95 82K 195K 37.69
Buy Not Hit.
DBRN 03/27 PreSplt 24.20 +0.01 24.30 29.35 399K 1.1M 24.00
Current. Showing a doji on low volume holding the 10 day MVA. Looking for stock to rebound off the 18 day MVA (24)
DBRN 02/21 PreSplt 24.20 +0.01 22.77 27.25 399K 1.2M 23.97
DO 04/08 Test BO 91.20 -0.26 93.31 105.95 2.2M 3M 90.57
Current. Pullback holding the 10 day MVA on lower below average volume. Should be ready to bounce from here.
FORM 03/29 Flat 39.91 +0.82 40.88 47.88 304K 1.1M 39.32
Current. Bounced off the 18 day MVA for a nice gain on low volume.
Meeting some resistance at 40. Moving up after testing the 50 day MVA.
FRK 04/08 PreAnn 59.12 +0.48 60.55 70.45 343K 1M 58.00
Buy Not Hit.
GG 03/20 Asc Bse 29.55 +0.20 28.32 33.98 3.5M 5.6M 29.42
Current. Showing a doji on the 10 day MVA on low volume. Should be ready to bounce from here.
GRMN 04/01 PreAnn 84.26 +1.63 81.75 95.00 841K 2M 80.55
Current. Tapped 81.83 at the intraday low and rallied back for a great move on rising, but below average volume. Continue with the uptrend.
HAL 04/04 PreSplt 76.69 -0.11 75.80 85.00 3.7M 8.5M 76.58
Current. Pullback testing the 10 day MVA on low volume. Testing the breakout. May test back to 10 day MVA (76)
HP 04/10 PreSplt 69.44 -0.03 71.65 80.00 452K 950K 68.89
Buy Not Hit.
LEH 04/04 PreAnn 148.98 +0.98 150.12 169.00 1.4M 3M 147.15
Current. Tapped 147.59 at the intraday low and rallied back showing a doji on low volume. Moving up after testing the 10 day MVA.
LRCX 04/05 PreAnn 44.71 -0.08 44.88 52.38 3.4M 4M 44.11
Current. Gapped down to open on the 18 day MVA on stronger above average volume. Still in the pattern.
MRO 04/04 PreAnn 79.28 +0.02 79.16 90.00 2.4M 4.5M 77.05
Current.
MSTR 03/25 PreAnn 103.36 -1.09 105.98 121.95 286K 400K 102.15
Buy Not Issued.
MSTR 03/08 Cup hdl 103.36 -1.09 100.95 115.00 286K 516K 103.00
Trailing Stop.
NBR 04/11 PreSplt 71.76 -0.08 73.32 82.95 2.8M 5M 71.21
Buy Not Hit.
NIHD 04/11 Test BO 56.51 +0.90 56.75 66.95 696K 1.8M 54.88
Buy Not Hit. Moving up on lower below average volume holding the 10 day MVA. Still in the pattern.
NVDA 03/07 PreSplt 30.45 +1.18 25.08 29.98 9.2M 6.2M 29.05
Current.
NVDA 02/06 Test 18 30.45 +1.18 23.48 27.74 9.2M 6.1M 29.05
Current.
QCOM 03/23 Test BO 50.97 -0.42 50.71 59.98 7.2M 15M 50.89
Current. Ease back on low volume holding at support below the 10 day MVA. Should be ready to bounce from here.
QCOM 03/04 Rv H&S 50.97 -0.42 48.88 57.95 7.2M 19M 50.89
Current.
RIG 03/28 PreAnn 81.19 -1.26 82.65 96.00 4.3M 8M 81.88
Current.
RMBS 04/04 Test BO 42.17 +1.37 39.43 47.00 2.4M 7.5M 40.28
Current. Bounced off the 10 day MVA for a nice gain on low volume. Continue with the uptrend.
RMD 03/27 Test BO 42.04 -0.12 43.95 50.95 305K 600K 42.85
Current. Tested the 18 day MVA (42.71), but gave it back on below average volume. Testing the breakout. Looking for a bounce off the 50 day MVA. (41.51)
RS 03/25 PreAnn 92.10 +0.49 89.68 104.00 411K 591K 93.95
SIRF 04/06 Flat 39.33 +1.59 39.23 45.55 842K 2.3M 37.11
Entered today. Bounced off the 10 day MVA for a great move on low volume.
SLAB 04/08 Test BO 54.61 -0.96 56.55 67.85 1.8M 1.7M 54.94
Buy Not Hit. Managed to hold the 18 day MVA on stronger above average volume. Still in the pattern. Needs to rebound from here.
SLAB 03/22 Test 50 54.61 -0.96 51.68 61.65 1.8M 1.8M 57.44
Current.
SLB 04/08 Test BO 61.71 -0.99 65.05 76.00 8M 7M 63.15
Buy Not Issued. The stock has not made the move we were looking for so will drop.
SU 03/30 PreAnn 82.48 +0.73 79.90 92.50 1.7M 4.1M 79.68
Current.
TEX 04/11 PreAnn 82.89 +0.71 82.89 97.95 339K 800K 80.57
Buy Not Issued.
THQI 04/04 Cup hdl 26.97 +0.85 26.75 31.88 937K 1.5M 25.00
Buy Not Issued. Solid session w/rising average volume as it moved just past the handle high. If it continues Thursday we will initiate the play.
TLM 04/08 PreSplt 56.31 -0.05 57.48 67.95 787K 1.5M 55.65
Buy Not Hit.
TRID 03/07 Test 18 28.54 -0.14 29.31 35.35 1.7M 2M 29.32
Current.
VIVO 03/21 Dbl btm 25.27 0.00 26.58 32.45 119K 300K 26.05
Current. Tried the 18 day EMA (25.56) on the high but faded
back to flat on very low, below avg volume. A leader
with great fundamentals but it needs to fish or cut
bait here.
WIRE 04/01 DB hdl 34.67 +0.64 35.28 42.45 231K 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.
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us stock market
stock split
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