trade stock, stock split

Begin part 3 of 3

THE PLAYS

Good movers: AMKR; AMT; AMX; COGO; CX; PFWD; RVI

Tuesday night play results:
ICUI: Good volume as ICUI starts higher off the 10 day EMA
RVI: Great trade as it moves off the 10 day EMA
VICR: And more strong volume as VICR breaks higher, clearing resistance for this month.

New Plays:

Upside:

Play Date: 04/26/2006
GLW (Corning--$28.40; +0.80; optionable): Telecom equipment, fiber, etc.
http://biz.yahoo.com/p/g/glw.html
After Hours: $28.40
STATUS: Test 18 day EMA. GLW broke from a 6 week ascending base last week on some solid trade. This was the second base in a base on base pattern the past 13 weeks, moving up the 50 day EMA (26.37), using that as support for higher and higher lows. It came back to test this week, holding at the 18 day EMA (27.45) Tuesday and Wednesday, starting the rebound Wednesday on strong, above average volume. Very solid. Looking to move in as GLW continues higher on more solid trade.
Volume: 19.903M Avg Volume: 10.544M
BUY POINT: $28.69 Volume=12M Target=$34.00 Stop=$27.32
POSITION: GLW HE - Aug. $25c (74 delta) &/or Stock
http://www.investmenthouse.com/cd/glw.html

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/cd/spil.html

Play Date: 04/26/2006
TRAD (Tradestation--$16.03; +0.29; optionable): Investment brokerage, etc.
http://biz.yahoo.com/p/t/trad.html
After Hours: $16.06
STATUS: Cup w/handle. Nice lateral move the past week, forming a nice handle to its 12 week base that is setting TRAD up for the breakout to a new all-time high. The base formed around the 50 day EMA (15.06), roughly using that as support as it prepares for the breakout. Good volume surge the past week after a very low volume start to April. Reported solid earnings Tuesday, bounced down to the 18 day EMA and then jumped back up. Ready to move in when it shows us the volume move through the highs in the handle. Excellent sales and earnings growth.
Volume: 864.54K Avg Volume: 1.085M
BUY POINT: $16.45 Volume=1.6M Target=$19.75 Stop=$15.42
POSITION: ULR IC - Sept. $15c (65 delta) &/or Stock
http://www.investmenthouse.com/cd/trad.html

SUBSCRIBER PORTFOLIO: These are stocks subscribers suggest by vote that we put in a portfolio to track and move into the stocks if they perform well. If you have any suggestions for additions or deletions, email us. We don't cover them all each report, just when something interesting is developing.

AAPL, BRCM, CELG, COH, FFIV, GME, MRVL, NVDA, PSYS, UNH

AAPL: Not bad. Cleared the 50 day EMA (66.58) on rising but still below average volume. Trying to make a higher low in its 14 week base. Not bad. May be ready to buy soon.

BRCM: Diving lower again on volume.

CELG: Turning back down below the 50 day EMA on rising, average volume.

FFIV: Still in its low volume rebound from the gap lower on earnings.

GME: After gapping lower two weeks back, GME is showing some upside life.

NVDA: Still working laterally at the 18 day EMA as it tests the late March move.

Good Investing!
Jon L. Johnson and The Daily 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.

trade stock
stock split