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us stock market, stock recommendation
Begin part 2 of 2
Full report issues Tuesday.
THE PLAYS:
Good movers: AHC; BTU; CNQ; FRK; GG; MRO; RIG; RIO; SU; TLM
New Post-Split Plays:
Play Date: 04/24/2006
BOOM (Dynamic Materials--$40.76; +1.13; no options): Industrial metal cladding by explosion (boom)
http://biz.yahoo.com/p/b/boom.html
After Hours: $40.23
STATUS: Ascending base. Volume was up to average Monday as BOOM poked around at the breakout from its 11 week base that formed using the 50 day EMA (35.44) as support. Strong 6 to 1 accumulation (6 up price weeks on rising volume to 1 down price weeks on rising volume) shows all buying. Looking for volume to continue as BOOM shows us a definitive breakout move. A top stock in sales and earnings growth as well as its technical pattern.
Volume: 683.324K Avg Volume: 744.957K
BUY POINT: $41.05 Volume=1.2M Target=$48.90 Stop=$38.55
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/boom.html
Play Date: 04/24/2006
NIHD (NII Hldgs--$59.36; +1.11; optionable): Wireless telecom
http://biz.yahoo.com/p/n/nihd.html
After Hours: $58.75
STATUS: Test breakout. NIHD is taking a breather the past three weeks, holding the 18 day EMA (57.46) on the low and now right back up at the high the past five sessions, butting up against the breakout. Can run fast when it gets going, and it has held up well in this recent dip. Solid leader.
Volume: 1.1M Avg Volume: 1.365M
BUY POINT: $59.75 Volume=1.8M Target=$68.50 Stop=$57.32
POSITION: QHQ IL - Sept. $60c (54 delta) &/or Stock
http://www.investmenthouse.com/cs/nihd.html
Continuing pre-announcement:
Play Date: 04/19/2006
DO (Diamond Offshore--$94.24; -1.14; optionable): Offshore oil and gas drilling
http://biz.yahoo.com/p/d/do.html
EARNINGS: 4-26-06
STATUS: Test breakout. Still in the nice test of the strong move last week, tapping the 18 day EMA (40.74) on the low and rebounding for a modest gain. Still ready to make the break higher. To recap: DO has bunched up below 95 the past three weeks, making higher lows along the 10 day EMA (93.38). DO is building pressure from below for the next move higher. Volume surged Tuesday and Wednesday, volume spikes that tell us to get ready for the next move higher. DO can run like the wind when it starts. Looks ready to make a move into its earnings.
Volume: 1.92M Avg Volume: 2.828M
BUY POINT: $95.48 Volume=2.8M Target=$109.95 Stop=$92.25
POSITION: DO IS - Sept. $95c (58 delta) &/or Stock
http://www.investmenthouse.com/cs/do.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
ADSK 04/18 DB hdl 42.38 -0.47 43.89 52.00 2.6M 3.2M 41.55
Buy Not Hit. Gapped down tapping 41.70 at the intraday low and rallied back showing a doji on the 10 day MVA. Still forming the handle. Doji may indicate a change in pattern to the upside.
AH 04/08 Test BO 63.20 +2.06 61.55 72.95 616K 625K 62.11
Current. Bounced off the 18 day MVA for a great move on average volume. Moving up after testing the breakout.
AH 03/13 Test 18 63.20 +2.06 58.92 69.42 616K 750K 62.11
Current.
AHC 04/04 PreSplt 150.42 -4.03 148.15 164.90 1.4M 2M 152.00
Current.
ANSS 04/10 PreAnn 54.45 -0.14 53.20 61.25 114K 325K 53.57
Current.
ATW 04/01 PreSplt 56.41 -1.19 50.88 57.25 470K 425K 55.00
BER 04/01 PreSplt 40.29 -0.38 39.60 45.11 884K 655K 39.77
Current.
BLUD 04/11 PreSplt 29.32 -0.67 31.45 36.95 266K 528K 29.45
Buy Not Hit. The stock has not made the move we were looking for so will drop.
BNI 04/14 PreAnn 86.84 +0.44 83.88 96.95 1.6M 2.5M 84.00
BRCM 04/05 Test 50 41.57 -2.07 46.61 54.75 20M 17M 44.95
Exited.
BRO 02/21 DB hdl 34.56 -0.67 32.00 37.95 504K 808K 34.18
Current.
BTU 03/30 Asc Bse 64.38 +1.21 51.94 59.95 4.6M 6.8M 62.38
Current. Continue with the uptrend on lower, but strong volume. Came off the day's high of 65.80
CELL 04/20 Asc Bse 32.53 -0.11 32.65 39.00 491K 850K 30.88
Buy Not Issued. Pullback testing the 10 day MVA intraday and rallied back showing a doji on below average volume. Still in the pattern.
CLF 04/18 PreAnn 88.76 -1.68 93.55 107.95 518K 984K 90.00
Current.
CLZR 04/14 PreAnn 22.93 +0.18 23.45 28.00 398K 673K 2188.0
Current. Continue to move up the 10 day MVA on rising, but average volume.
CNQ 04/18 PreAnn 62.66 -0.56 62.88 72.35 1.1M 1.9M 60.48
Current.
CRDN 04/22 PreAnn 55.30 +0.42 56.75 67.95 752K 1.8M 52.78
Buy Not Hit.
CTRP 03/11 Test BO 47.69 +0.93 38.60 44.48 219K 400K 45.55
Current. Continue to trend higher for a nice gain on low volume.
CX 04/01 PreAnn 65.41 -1.03 66.94 76.70 1.3M 2.7M 66.11
Current. Pullback on lower below average volume. May continue to test back to 50 day MVA (64.30)
CYMI 04/03 Dbl btm 53.24 -0.29 48.12 57.45 1.2M 1.3M 53.00
Current. Pullback tapping 51.97 intraday and rallied back on above average volume. Filling the gap. May continue to test back to 10 day MVA (51.80)
DAKT 04/08 PreAnn 38.02 -0.89 39.48 46.95 86K 195K 37.69
Buy Not Hit.
DBRN 03/27 PreSplt 26.15 +0.41 24.30 29.35 770K 1.1M 25.15
Current. Tapped 25.13 at the intraday low and rallied back on below average volume. Continue with the uptrend.
DBRN 02/21 PreSplt 26.15 +0.41 22.77 27.25 770K 1.2M 25.15
DIOD 04/20 Asc Bse 41.89 +0.48 42.05 49.50 126K 498K 40.38
Buy Not Issued. Tested the 18 day MVA intraday and rallied back on low volume. Volume not there to enter the play. Will let test back.
DO 04/19 Test BO 94.24 -1.14 95.48 109.95 1.9M 2.8M 92.25
Buy Not Issued.
DO 04/08 Test BO 94.24 -1.14 93.31 105.95 1.9M 3M 91.55
Current. Pullback on lower below average volume. Meeting some resistance established the last two weeks at 95.
EOG 04/22 PreAnn 75.20 -2.18 78.72 93.90 2.3M 5.3M 75.22
Buy Not Hit.
FORM 03/29 Flat 42.32 -0.78 40.88 47.88 554K 1.1M 42.25
Current. Pullback tapping 41.30 at the intraday low and rallied back on below average volume. Testing the breakout. May continue to test back to 10 day MVA (42)
FRK 04/08 PreAnn 63.82 +0.33 60.78 70.45 1M 1M 61.75
Current.
FWRD 04/22 PreAnn 39.29 -0.89 40.75 48.90 326K 388K 38.48
Buy Not Hit. Pullback testing the 10 day MVA intraday and rallied back on slightly above average volume. Still in the pattern.
GG 03/20 Asc Bse 33.13 +0.18 28.32 33.98 5.9M 5.6M 31.38
Current. Continue to trend higher on strong volume.
GPRO 04/20 PreAnn 54.64 -0.25 55.55 63.95 148K 540K 53.42
Buy Not Hit.
GRMN 04/01 PreAnn 86.04 +0.03 81.75 95.00 643K 2M 85.25
Current. Holding the 10 day MVA on low volume. Still in good shape.
HAL 04/04 PreSplt 80.30 -3.03 75.80 85.00 10M 8.5M 80.55
Current. Pullback to hold the 10 day MVA on strong volume. Should hold here and rebound.
IEX 04/18 PreAnn 51.27 -0.95 51.57 59.95 282K 344K 49.95
Buy Not Issued.
LEH 04/04 PreAnn 154.00 -1.09 150.12 169.00 1.8M 3M 153.12
Current. Pullback on rising volume. May continue to test back to the 10 day MVA (153)
LRCX 04/05 PreAnn 47.13 +0.81 44.88 52.38 2.7M 4M 45.88
Current. Tapped 45.80 at the intraday low and rallied back on below average volume. Continue with the uptrend.
MRO 04/04 PreAnn 83.85 -2.19 79.16 90.00 2.7M 4.5M 84.00
Current.
NBR 04/11 PreSplt 37.98 -0.63 36.66 41.48 3.3M 5M 37.00
NTES 04/19 Test BO 23.00 +0.39 24.05 28.88 2.1M 4.7M 22.37
Buy Not Hit. Tested the 50 day MVA intraday and rallied back to hold the 18 day MVA on rising, but below average volume. Still in the pattern.
NUE 04/14 PreAnn 112.95 -0.55 111.43 130.00 2.8M 4M 116.25
Current.
NVDA 03/07 PreSplt 28.93 +0.86 25.08 29.98 11M 6.2M 29.05
Current.
PCU 04/22 PreAnn 98.78 +0.13 100.11 120.00 1.1M 2.2M 96.88
Buy Not Hit. Meeting some resistance at 100.
PLCE 04/18 PreAnn 60.41 -0.78 62.18 72.35 552K 800K 60.00
Current.
POOL 04/17 PreAnn 47.30 -0.36 49.62 56.89 392K 350K 47.55
Current.
PTEN 04/22 PreAnn 33.90 -0.45 35.28 40.55 1.8M 5.4M 33.28
Buy Not Hit.
QCOM 03/23 Test BO 52.30 +0.91 50.71 59.98 14M 15M 50.89
Current. Gapped down at the open and rallied back for a nice move on above average volume. Continue with the uptrend breaking through some resistance at 52.
QCOM 03/04 Rv H&S 52.30 +0.91 48.88 57.95 14M 19M 50.89
Current.
RIG 03/28 PreAnn 85.99 -1.01 82.65 96.00 3.9M 8M 84.00
Current.
RIO 04/20 PreAnn 51.68 -0.05 51.18 58.88 2.6M 5.2M 49.15
Current. Pullback on low volume. Still in uptrend.
RMD 03/27 Test BO 43.54 +0.49 43.95 50.95 314K 600K 42.85
Current. Tapped 42.39 at the intraday low and rallied back on rising, but below average volume. Meeting some resistance at 44. Moving up after testing the 50 day MVA.
RS 03/25 PreAnn 94.04 +1.04 89.68 104.00 367K 591K 93.95
SIRF 04/06 Flat 38.20 +0.35 39.23 45.55 1.2M 2.3M 37.78
Current. Tested the simple 50 day MVA intraday and rallied back on rising, but below average volume. Moving up after testing the 50 day MVA.
SLAB 04/08 Test BO 50.18 -6.05 57.74 67.85 7.5M 1.7M 54.77
Exited.
SLAB 03/22 Test 50 50.18 -6.05 51.68 61.65 7.5M 1.8M 57.44
Exited.
SU 03/30 PreAnn 86.69 -2.17 79.90 92.50 2.4M 4.1M 86.00
Current.
TEX 04/11 PreAnn 88.05 -0.30 82.89 97.95 244K 800K 87.35
THQI 04/04 Cup hdl 26.49 -0.61 27.28 32.32 670K 1.5M 26.66
Current. Continue to pullback holding the 18 day MVA on lower below average volume. Testing the breakout. Should bounce from here.
TLM 04/08 PreSplt 58.10 -1.75 58.55 67.95 972K 1.5M 58.65
Current.
TRID 03/07 Test 18 30.12 +0.10 29.31 35.35 1.1M 2M 29.32
Current.
USG 04/14 Test BO 115.76 +1.31 113.82 133.50 996K 1.2M 112.25
Current.
VIP 04/22 Dbl btm 46.95 +0.18 47.55 55.00 1.1M 1.2M 45.55
Buy Not Hit.
VIVO 03/21 Dbl btm 25.75 -0.58 26.58 32.45 169K 300K 26.05
Current. Gapped down and continue to pullback tapping 25.26 at the intraday low and rallied back holding the 18 day MVA on below average volume. Should rebound from here.
WIRE 04/01 DB hdl 39.02 -1.37 35.28 42.45 856K 884K 39.55
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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