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us stock market, stock split
Begin part 2 of 2
THE PLAYS:
Good movers: CTSH; CYMI; GRMN; LRCX; VSEA
A couple of plays outside the split realm but able to make us some money.
Upside:
Play Date: 05/03/2006
AEIS (Advanced Energy--$16.07; +0.97; optionable): Power supplies, RF instrumentation, etc.
http://biz.yahoo.com/p/a/aeis.html
STATUS: Cup w/handle. Strong earnings in late April jumped volume as AEIS hung onto its base. It faded this week to the 50 day EMA (14.78), completing its handle. Volume surged Wednesday as AEIS jumped higher off that support, ready to show us the breakout from its 12 week base sporting excellent 4 to 1 accumulation (4 up price weeks on rising volume to 1 down price weeks on rising volume). Strong money flow. Looking for more strong volume as AEIS continues higher and shows us the breakout.
Volume: 1.122M Avg Volume: 613K
BUY POINT: $16.32 Volume=800K Target=$19.58 Stop=$15.18
POSITION: OEQ JC - Oct. $15c (65 delta) &/or Stock
http://www.investmenthouse.com/cs/aeis.html
Downside:
Play Date: 05/03/2006
LM (Legg Mason--$114.82; -1.48; optionable): Investment brokerage
http://biz.yahoo.com/p/l/lm.html
STATUS: Put. LM was working on a 9 week base through late April, coming down for a double bottom over the 200 day SMA (117.99), but didn't know when to stop and put in the second bottom. It plunged through the 200 day on Monday and made a half-hearted rebound effort Tuesday. Wednesday it turned lower again though volume trailed off to below average. Looking for it to continue lower back toward the recent low at 110. A move to the target lands us a 44%ish gain.
Volume: 1.291M Avg Volume: 1.392M
BUY POINT: $114.57 Volume=1.4M Target=$110.00 Stop=$116.32
POSITION: LM RC - June $115p (-50 delta)
http://www.investmenthouse.com/cs/lm.html
CONTINUING PLAYS
* * SPREADSHEET DOWNLOAD * * *
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http://stocksplits.net/ssr/table.php
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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
ANSS 04/10 PreAnn 56.85 -0.15 53.20 61.25 265K 325K 55.05
Current.
ATK 04/29 PreAnn 80.89 +0.49 80.28 92.00 186K 400K 78.89
Buy Not Issued.
BOOM 04/24 Asc Bse 37.56 -0.42 42.79 50.50 642K 1.2M 39.98
Current.
CLE 04/25 PreAnn 34.81 +0.20 35.88 41.75 734K 1.1M 24.78
Buy Not Issued.
CLZR 04/14 PreAnn 21.73 -0.97 23.45 28.00 3.3M 673K 22.29
Current. Gapped lower on earnings that were pretty decent. Investors figured that out and drove CLZR back up, recouping almost $4 of the loss. Let it run given the furious rebound.
CMC 04/29 PreSplt 57.62 -0.54 55.82 66.66 988K 1.2M 56.11
Current.
CORS 04/25 PreSplt 64.08 -1.55 63.60 72.00 362K 399K 64.88
Current. Gapped down and continued to move down on stronger above average volume holding the 10 day MVA. Testing the breakout. May be ready to rebound from here.
CTSH 04/26 Test BO 66.89 +5.83 64.11 73.95 4.8M 1.4M 65.15
Current.
CX 04/01 PreAnn 69.66 -0.24 66.94 76.70 1.2M 2.7M 67.55
Current. Pullback on low volume. Still in uptrend.
CYMI 04/25 Test BO 55.11 +2.37 52.65 62.00 2.1M 1.5M 53.00
Current. Tested the 10 day MVA intraday and rallied back for a great move on very strong volume surge. Moving up after testing the breakout.
CYMI 04/03 Dbl btm 55.11 +2.37 48.12 57.45 2.1M 1.3M 52.95
Current.
DAKT 04/08 PreAnn 39.97 -0.07 40.05 47.45 48K 195K 38.35
Current.
DBRN 03/27 PreSplt 27.00 +0.02 24.30 29.35 1.3M 1.1M 25.92
Current. Volatile session tapping 28.09 at the intraday high, but gave much of it back on lower but strong volume. Beginning to make a lateral move. 10 day MVA moving up to meet the stock.
DBRN 02/21 PreSplt 27.00 +0.02 22.77 27.25 1.3M 1.2M 25.92
DIA 04/27 Test 18 113.96 -0.19 114.02 117.25 4.7M 7.2M 112.42
Buy Not Issued. Holding at some resistance at 114. Need to see a clear and decisive move on strong volume.
DIOD 04/20 Asc Bse 41.50 +0.71 42.05 49.50 279K 498K 40.38
Buy Not Issued. Tested the 50 day MVA intraday and rallied back for a nice gain on slightly above average volume. Continue with the uptrend.
DO 05/02 PreAnn 93.99 -2.16 96.55 109.95 2.6M 2.8M 92.00
Buy Not Hit. Pullback testing the 18 day MVA intraday and rallied back on average volume. Still in good shape.
FSH 04/29 PreAnn 71.95 +0.64 71.45 82.00 680K 1.3M 69.55
Buy Not Issued. Volume not there to enter the play. If stock continues the move on strong volume will still be a buy.
FWRD 04/22 PreAnn 39.34 -0.13 40.75 48.90 194K 388K 38.48
Buy Not Issued. Pullback testing the 18 day MVA intraday and rallied back showing a tight doji on the 10 day MVA on average volume. Should be ready to bounce from here.
GG 03/20 Asc Bse 37.77 -0.36 28.32 33.98 12M 5.6M 36.12
Current. Big gap up at the open, but gave it back tapping 36.37 at the intraday low on very strong volume surge. Still in uptrend.
GRMN 04/01 PreAnn 96.43 +8.51 81.75 95.00 6M 2M 93.12
Target Hit. Huge gap up hitting the target on very strong volume surge. Took some of the money off the table and will let the remaining position work for us.
IGT 05/02 Test BO 38.05 +0.43 38.32 45.00 2.1M 2.5M 36.87
Buy Not Hit.
JCOM 04/27 Test BO 49.42 +0.90 50.22 57.89 583K 800K 47.55
Entered today.
LRCX 05/02 Test BO 51.89 +3.35 49.89 60.00 7M 4.5M 48.55
Entered today. Explosive move on excellent volume surge.
LRCX 04/05 PreAnn 51.89 +3.35 44.88 52.38 7M 4M 49.22
Target Hit.
NVDA 04/27 Test 18 31.06 +0.20 30.50 36.00 6.1M 14M 29.21
Current.
NVDA 03/07 PreSplt 31.06 +0.20 25.08 29.98 6.1M 6.2M 29.29
Current.
PCU 04/29 PreAnn 95.46 -3.12 100.11 120.00 2.2M 2.2M 96.21
Buy Not Issued. Too volatile to enter the play so will drop.
PLCE 04/18 PreAnn 65.25 +0.93 62.18 72.35 494K 800K 62.54
Current.
POOL 04/17 PreAnn 47.02 +0.79 49.62 56.89 378K 350K 47.55
Current.
POT 05/02 PreAnn 101.01 +0.57 101.04 117.50 1.1M 1M 97.32
Entered today. Gapped higher, sold back intraday, and then rebounded into the close on lower but solid, above average volume.
Started the play and will look for test as point to
accumulate some more positions.
QCOM 03/23 Test BO 51.75 +0.69 50.71 59.98 18M 15M 50.89
Current.
QCOM 03/04 Rv H&S 51.75 +0.69 48.88 57.95 18M 19M 50.89
Current. Raised its earnings out look and gapped higher, but
the news could not take it out of its 5 week lateral
range above the 50 day EMA (50.21).
QLGC 04/29 Dbl btm 20.58 -0.50 21.52 25.72 2.3M 4.1M 20.35
Current.
RES 04/29 Cup hdl 31.42 -0.43 28.55 34.50 1.1M 810K 29.95
RIO 04/20 PreAnn 53.75 -0.54 51.18 58.88 2.5M 5.2M 52.32
Current. Ease back tapping 52.81 at the intraday low and rallied back on low volume. Continue to trend higher.
RMD 03/27 Test BO 43.64 +0.44 43.95 50.95 514K 600K 42.85
Current. Gapped up on stronger above average volume. Came off the day's high of 44.20. Meeting some resistance at 44.
SLB 04/27 Test 18 72.65 -0.72 69.17 79.00 9.1M 12M 71.31
Current. Pullback on rising volume. Still in uptrend.
SPIL 04/26 Rv H&S 7.35 +0.14 7.51 9.11 2.1M 2.2M 6.98
Buy Not Hit. Gapped up for a nice gain on much stronger above average volume. Looking good.
SU 04/25 PreAnn 87.93 -1.34 87.79 99.90 2.3M 3.2M 97.42
Current.
SU 03/30 PreAnn 87.93 -1.34 79.90 92.50 2.3M 4.1M 87.42
Current.
TEVA 05/02 Test 20 43.18 -0.31 44.25 53.00 3.3M 7.2M 41.95
Buy Not Hit.
VIP 04/22 Dbl btm 46.00 -0.59 47.55 55.00 438K 1.2M 45.55
Buy Not Issued.
VIVO 03/21 Dbl btm 26.67 +0.27 26.58 32.45 88K 300K 26.05
Current. Tested the 18 day MVA intraday and rallied back on low volume. Moving up after testing the 50 day MVA.
VSEA 04/25 Dbl btm 32.71 +1.16 32.67 38.00 1M 1.4M 30.95
Entered today.
WIRE 04/01 DB hdl 42.40 +0.18 35.28 42.45 427K 884K 40.35
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
MHP 05/01 Put 55.96 +1.08 55.55 53.00 2.2M 2M 56.11
Buy Not Issued. Bounced to hold the 10 day MVA on above average volume. Needs to rollover here
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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