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us stock market, stock split
Begin part 2 of 2
Full report issues Thursday.
THE PLAYS:
Good movers: ANSS; BOOM; CORS; CX; GG; VIVO; WIRE
New Post-Split Play:
Play Date: 04/26/2006
SPIL (Siliconware Precision--$7.40; +0.40; optionable): Chip equipment
http://biz.yahoo.com/p/s/spil.html
After Hours: $7.50
STATUS: Reverse head and shoulders. SPIL split in July and then rallied well to end 2005. After that move it needed a rest and the current 15 week pattern is giving it that. Good price/volume action in the pattern combined with money flow that is turning higher the past week. Great volume Wednesday as SPIL jumped higher, clearing some resistance. Looking to move in as it continues this break higher. Solid. Ready to move to a new 5 year high.
Volume: 3.136M Avg Volume: 1.899M
BUY POINT: $7.51 Volume=2.2M Target=$9.11 Stop=$6.98
POSITION: QSP IU - Sept. $7.50c (60 delta) &/or Stock
http://www.investmenthouse.com/cs/spil.html
New Pre-Announcement Play:
Play Date: 04/26/2006
CTSH (Cognizant Technology--$62.70; -0.68; optionable): IT software. Potential to announce a split 5-3-06
BACKGROUND: Last announced a 2:1 split on 4-12-04 at $47.
http://biz.yahoo.com/p/c/ctsh.html
After Hours: $62.71
STATUS: Flying plateau. Nice lateral move on low volume as CTSH consolidates the strong move from two weeks back, holding a nice tight range over the 10 day EMA (62.28). Nice breakout from a 7 week ascending base making its lows along the 50 day EMA (58.37). Solid market leader with strong fundamentals to match is strong technical moves. After this lateral test it will be ready to continue its breakout to a new all-time high. May take a couple of sessions, but wanted to be ready if Bernanke inadvertently sparks a renewed rally.
Volume: 851.465K Avg Volume: 1.281M
BUY POINT: $64.05 Volume=1.4M Target=$73.95 Stop=$62.11
POSITION: UPU JM - Oct. $65c (52 delta) &/or Stock
http://www.investmenthouse.com/cs/ctsh.html
New buy point on current leader position:
Play Date: 04/25/2006
CYMI (Cymer--$51.43; -0.76; optionable): Chip equipment
http://biz.yahoo.com/p/c/cymi.html
After Hours: $51.50
STATUS: Test breakout. CYMI is still in the breakout test, undercutting the 10 day EMA (51.52) on the low and then rebounding to hold that level on the close. Excellent shakeout; just needs to give us the move. To recap: CYMI blasted higher last week on strong volume, moving to a 5 year high on a strong earnings report. It has come back to test the move, holding above the 10 day EMA on lower but still strong volume. Looking for this market leader to make the test of the 10 day and then start back up for a continued run. That is when we will move in once more.
Volume: 1.332M Avg Volume: 989.483K
BUY POINT: $52.65 Volume=1.5M Target=$62.00 Stop=$51.22
POSITION: CQG HJ - Aug. $50c (65 delta) &/or Stock
http://www.investmenthouse.com/cs/cymi.html
CONTINUING PLAYS
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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
ADSK 04/18 DB hdl 42.24 -0.71 43.89 52.00 2.5M 3.2M 41.55
Buy Not Issued. Pullback tapping 41.89 at the intraday low and rallied back on lower below average volume. Still forming the handle.
AHC 04/04 PreSplt 143.00 -6.97 148.15 164.90 2.7M 2M 152.00
Current.
ANSS 04/10 PreAnn 56.74 +1.07 53.20 61.25 229K 325K 54.75
Current.
ATW 04/01 PreSplt 54.29 -0.95 50.88 57.25 523K 425K 55.00
Slid thru the 18 day EMA on the close. Not a bad point
to exit & see if can hold or set back up for another play.
BOOM 04/24 Asc Bse 42.94 +1.71 42.79 50.50 775K 1.2M 39.98
Entered today.
BRY 04/25 PreSplt 74.98 -1.63 78.05 89.95 195K 311K 75.05
Buy Not Hit.
BTU 03/30 Asc Bse 62.30 -1.30 51.94 59.95 2.9M 6.8M 62.38
Trailing Stop. Will let it make the test and then look to move in,
likely near the 10 day EMA at 59.53.
CELL 04/20 Asc Bse 33.00 +0.35 32.65 39.00 467K 850K 30.88
Buy Not Issued. Tapped 33.91 at the intraday high, but gave much of it back on low volume. Did not enter the play because volume was not there and stock spent session coming off the day's high. Will let test back.
CLE 04/25 PreAnn 35.62 +0.21 35.88 41.75 467K 1.1M 24.78
Buy Not Issued.
CLF 04/18 PreAnn 85.30 -1.44 93.55 107.95 776K 984K 90.00
Current. Continue to pullback holding the 200 day MVA on much stronger above average volume. Needs to hold here.
CLZR 04/14 PreAnn 22.57 -0.03 23.45 28.00 136K 673K 2188.0
Current. Tapped 22.93 at the intraday high, but gave it back on low volume. Meeting some resistance at 23.
CNQ 04/18 PreAnn 60.38 -1.01 62.88 72.35 1.3M 1.9M 60.48
Exited.
CORS 04/25 PreSplt 63.90 +1.67 63.60 72.00 343K 399K 61.35
Entered today. Tapped 62.12 at the intraday low and rallied back for a great move on strong volume.
CRDN 04/22 PreAnn 54.91 -0.60 56.75 67.95 1.1M 1.8M 52.78
Buy Not Hit.
CTRP 03/11 Test BO 44.17 -3.13 38.60 44.48 897K 400K 45.55
Trailing Stop.
CX 04/01 PreAnn 67.51 +1.29 66.94 76.70 1.2M 2.7M 66.11
Current. Bounced off the 18 day MVA for a nice move on low volume. Moving up after testing the breakout.
CYMI 04/25 Test BO 51.43 -0.76 52.65 62.00 1.3M 1.5M 51.22
Buy Not Hit. Pullback holding the 10 day MVA on above average volume. Still in the pattern. Should be ready to bounce from here.
CYMI 04/03 Dbl btm 51.43 -0.76 48.12 57.45 1.3M 1.3M 53.00
Current.
DAKT 04/08 PreAnn 40.46 +1.86 40.05 47.45 547K 195K 38.35
Entered today.
DBRN 03/27 PreSplt 25.75 -0.01 24.30 29.35 569K 1.1M 25.15
Current. Pullback testing the 10 day MVA intraday and rallied back on lower below average volume. Testing the breakout.
DBRN 02/21 PreSplt 25.75 -0.01 22.77 27.25 569K 1.2M 25.15
DIOD 04/20 Asc Bse 41.62 -0.35 42.05 49.50 139K 498K 40.38
Buy Not Issued. Pullback to hold the 10 day MVA on low volume. Volume not there to enter the play. If stock makes the breakaway move on strong volume will still be a buy.
DO 04/19 Test BO 91.35 -2.46 95.48 109.95 3M 2.8M 92.25
Buy Not Issued. Pullback on lower, but strong volume. Must hold at 90 or will drop.
DO 04/08 Test BO 91.35 -2.46 93.31 105.95 3M 3M 91.55
Exited.
EOG 04/22 PreAnn 71.67 -1.66 78.72 93.90 2.8M 5.3M 75.22
Buy Not Hit. Stock has not made the move we were looking for so will drop.
FORM 03/29 Flat 42.29 -1.78 40.88 47.88 1.1M 1.1M 42.25
Current. Pullback on stronger above average volume managing to hold the 10 day MVA. Testing the breakout. May test back to 18 day MVA (40.95)
FRK 04/08 PreAnn 61.75 -1.85 60.78 70.45 2.2M 1M 61.75
Trailing Stop.
FWRD 04/22 PreAnn 40.30 +0.74 40.75 48.90 177K 388K 38.48
Buy Not Hit. Moving up after testing the 50 day MVA on low volume. Looking good but need to see more volume on the upside move.
GG 03/20 Asc Bse 34.64 +0.77 28.32 33.98 3.9M 5.6M 32.78
Current. Continue with the uptrend for a nice gain on below average volume.
GPRO 04/20 PreAnn 53.51 -0.49 55.55 63.95 159K 540K 53.42
Buy Not Hit.
GRMN 04/01 PreAnn 87.17 +0.08 81.75 95.00 686K 2M 85.25
Current. Tapped 85.51 at the intraday low and rallied back on low volume. Still in uptrend.
IEX 04/18 PreAnn 51.46 +0.03 51.57 59.95 174K 344K 49.95
Buy Not Issued.
LEH 04/04 PreAnn 153.19 +2.24 150.12 169.00 1.4M 3M 153.12
Current. Moving up after testing the breakout on low volume.
LRCX 04/05 PreAnn 47.73 +0.30 44.88 52.38 1.9M 4M 45.88
Current. Volume not there to enter the play. Will let test back.
MRO 04/04 PreAnn 81.89 -0.90 79.16 90.00 4M 4.5M 84.00
Current.
NBR 04/11 PreSplt 37.38 -0.09 36.66 41.48 5.1M 5M 37.00
NIHD 04/24 Test BO 60.77 +0.70 59.75 68.50 1.6M 1.8M 57.32
Buy Not Issued.
NTES 04/19 Test BO 22.77 -0.10 24.05 28.88 715K 4.7M 22.37
Buy Not Hit. Ease back below the 18 day MVA on low volume. Still in the pattern.
NUE 04/14 PreAnn 111.55 -0.40 111.43 130.00 1.7M 4M 116.25
Current.
NVDA 03/07 PreSplt 28.71 -0.20 25.08 29.98 5.5M 6.2M 29.05
Current.
PCU 04/22 PreAnn 96.86 -1.94 100.11 120.00 2.4M 2.2M 96.88
Buy Not Issued. Pullback testing the 10 day MVA intraday and rallied back testing the 10 day MVA intraday and rallied back on very strong volume surge. Did not enter the play because stock spent the session coming off the day's high. Still in the pattern.
PLCE 04/18 PreAnn 60.85 -0.11 62.18 72.35 400K 800K 60.00
Current.
POOL 04/17 PreAnn 47.30 -0.33 49.62 56.89 192K 350K 47.55
Current.
PTEN 04/22 PreAnn 33.22 -0.52 35.28 40.55 3M 5.4M 33.28
Buy Not Hit.
QCOM 03/23 Test BO 51.08 -0.42 50.71 59.98 8.8M 15M 50.89
Current. Ease back on lower below average volume holding at support below the 18 day MVA. Should be ready to rebound from here.
QCOM 03/04 Rv H&S 51.08 -0.42 48.88 57.95 8.8M 19M 50.89
Current.
RIO 04/20 PreAnn 51.75 +0.54 51.18 58.88 5.5M 5.2M 50.18
Current. Continue to trend higher on very strong volume surge. Came off the day's high of 52.90
RMD 03/27 Test BO 43.70 +0.75 43.95 50.95 353K 600K 42.85
Current. Gapped up on below average volume. Meeting some resistance at 44.
RS 03/25 PreAnn 90.43 -0.76 89.68 104.00 527K 591K 93.95
SIRF 04/06 Flat 34.51 -4.19 39.23 45.55 7.6M 2.3M 37.78
Current. Gapped down on announcement of earnings. Will try to creep back up to the 50 day MVA so will let it ride
SU 04/25 PreAnn 84.05 -2.21 87.35 99.90 2.6M 3.2M 84.95
Buy Not Issued.
SU 03/30 PreAnn 84.05 -2.21 79.90 92.50 2.6M 4.1M 86.00
Current.
TEX 04/11 PreAnn 88.28 +1.79 82.89 97.95 433K 800K 87.35
THQI 04/04 Cup hdl 26.42 -0.03 27.28 32.32 523K 1.5M 26.66
Current. Beginning to make a lateral move along the 18 day MVA on low volume. Came off the day's high of 26.96
TLM 04/08 PreSplt 55.72 -1.63 58.55 67.95 1.1M 1.5M 58.65
Current.
TRID 03/07 Test 18 30.16 -0.13 29.31 35.35 3.2M 2M 29.32
Current.
USG 04/14 Test BO 107.40 -6.10 113.82 133.50 1.7M 1.2M 112.25
Exited.
VIP 04/22 Dbl btm 46.80 -0.08 47.55 55.00 620K 1.2M 45.55
Buy Not Issued.
VIVO 03/21 Dbl btm 26.50 +0.91 26.58 32.45 242K 300K 26.05
Current. Great move up after testing the 50 day MVA on stronger above average volume.
VSEA 04/25 Dbl btm 29.47 -0.36 30.42 36.00 1.2M 1.4M 29.00
Buy Not Hit.
WIRE 04/01 DB hdl 42.33 +2.25 35.28 42.45 3M 884K 40.35
Target Hit.
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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