stock split, stock recommendation

Begin part 3 of 3

THE PLAYS:

Good movers: CMC; CORS; CX; FTO; VIP; WIRE; ZVXI; MHP

New Post-Split Plays:

Play Date: 05/08/2006
PDS (Precision Drilling--$35.90; +0.17; optionable): Oil and gas drilling & equipment
http://biz.yahoo.com/p/p/pds.html
STATUS: Test breakout. Nice breakout in mid-April sent PDS to a new high at 38. It came back to test the move the past week, moving in a lateral range over the 10 day EMA (35.63) on low, below average volume. Nice, orderly test, preparing PDS for the continued move higher. Love the first tests of breakouts; a strong stock often moves well after this initial shakeout of the early profit takers.
Volume: 448.7K Avg Volume: 706.989K
BUY POINT: $36.75 Volume=1.1M Target=$44.00 Stop=$35.00
POSITION: PDS LG - Sept. $35c (57 delta) &/or Stock
http://www.investmenthouse.com/cs/pds.html

Index play:

Play Date: 05/08/2006
XLE (Spdr Energy Sector--$58.60; -0.26; optionable): Energy ETF
http://biz.yahoo.com/p/x/xle.html
After Hours: $58.75
STATUS: Breakout test. XLE is holding the 18 day EMA (57.75) on the intraday lows, holding the breakout after a quick dump lower to the 50 day EMA (56.07) to end April. Good recovery and setting up for the continued move higher. Solid 4 to 2 accumulation in the base. Nice test of near support. Looking for a good break higher from here to resume the breakout run.
Volume: 17.093M Avg Volume: 23.662M
BUY POINT: $59.55 Volume=30M Target=$69.95 Stop=$57.57
POSITION: XBT IG - Sept. $59c (57 delta)
http://www.investmenthouse.com/cs/xle.html

CONTINUING PLAYS

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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
AEIS 05/03 Cup hdl 16.78 -0.15 16.92 20.32 356K 800K 16.00
Current. Ease back on lower below average volume. Still in uptrend.

ANSS 04/10 PreAnn 56.59 -0.29 53.20 61.25 204K 325K 55.22
Current.

APC 05/06 PreSplt 105.85 -0.69 107.25 120.00 1.5M 2.7M 104.00
Buy Not Hit.

ATK 04/29 PreAnn 84.33 +0.94 80.28 92.00 299K 400K 78.89
Buy Not Issued. Volume not there to enter the play so will drop for now and let test back.

BOOM 04/24 Asc Bse 37.12 -1.54 42.79 50.50 767K 1.2M 39.98
Exited.

CCJ 05/06 Test BO 42.49 -0.48 43.72 52.00 1.5M 2.5M 41.72
Buy Not Hit.

CMC 04/29 PreSplt 61.72 +2.74 55.82 66.66 1.2M 1.2M 59.55
Current.

CORS 04/25 PreSplt 66.05 +0.99 63.60 72.00 207K 399K 64.88
Current. Moving up for a nice gain on rising volume after testing the breakout.

CTSH 04/26 Test BO 68.81 -0.20 64.11 73.95 1.2M 1.4M 66.38
Current.

CX 04/01 PreAnn 71.70 +1.60 66.94 76.70 3.7M 2.7M 69.00
Current. Broke through some resistance at 70 and gapped up at the open and continued to soar on very strong volume surge making a 52 week high.

CYMI 04/25 Test BO 54.15 -0.36 52.65 62.00 411K 1.5M 53.00
Current. Ease back on low volume. Moving up after testing the 18 day MVA.

CYMI 04/03 Dbl btm 54.15 -0.36 48.12 57.45 411K 1.3M 52.95
Current.

DAKT 04/08 PreAnn 41.95 +0.49 40.05 47.45 63K 195K 40.15
Current.

DBRN 03/27 PreSplt 25.88 -0.46 24.30 29.35 895K 1.1M 25.92
Current. Pullback holding the 18 day MVA on rising, but below average volume. Testing the breakout.

DBRN 02/21 PreSplt 25.88 -0.46 22.77 27.25 895K 1.2M 25.92

DIA 04/27 Test 18 115.77 +0.12 114.52 117.55 3.5M 7.2M 114.31
Current. Continue with the uptrend on low volume.

DO 05/02 PreAnn 94.80 -0.10 96.55 109.95 2.3M 2.8M 92.00
Buy Not Hit. Gapped down to open on the 18 day MVA and rallied ack on lower below average volume. Meeting some resistance at 95.

ESI 05/06 PreAnn 65.00 +0.35 65.24 77.50 338K 579K 63.05
Buy Not Hit.

FSH 04/29 PreAnn 75.95 +2.22 71.45 82.00 18M 1.3M 69.55
Buy Not Issued. Gapped higher on a take under bid by TMO. All stock deal. Notably, it gave back most of the move (high at 82.05).

FTO 05/06 PreSplt 65.90 +2.53 65.55 76.95 2.6M 2.2M 61.89
Entered today.

FWRD 04/22 PreAnn 39.95 +0.53 40.75 48.90 181K 388K 38.48
Buy Not Issued. Bounced off the 18 day MVA on average volume. Meeting some resistance at 40.

GG 03/20 Asc Bse 38.32 +0.18 28.32 33.98 4.8M 5.6M 36.12
Current. Continue to trend higher on average volume

GRMN 04/01 PreAnn 95.90 +1.09 81.75 95.00 1.3M 2M 93.12
Current. Continue to trend higher on slightly above average volume.

IGT 05/02 Test BO 39.21 +0.01 39.08 45.75 2.1M 2.5M 37.57
Current.

ISIL 05/04 Asc Bse 30.66 +0.01 30.95 37.00 1.2M 3M 29.15
Buy Not Issued. Beginning to make a lateral move on rising, but below average volume. Still in the pattern.

JCOM 04/27 Test BO 50.20 +0.29 50.22 57.89 420K 800K 48.48
Current.

LCAV 05/06 PreAnn 57.04 +0.63 57.98 69.50 445K 1.1M 55.00
Buy Not Hit.

LRCX 05/02 Test BO 51.96 -1.53 49.89 60.00 2.5M 4.5M 51.21
Current. Pullback on lower below average volume. Pullback on low volume after such a nice run.

LRCX 04/05 PreAnn 51.96 -1.53 44.88 52.38 2.5M 4M 51.21
Current.

LUK 05/06 PreAnn 62.55 +0.47 62.62 74.00 177K 375K 60.81
Entered today. Continue to move up the 10 day MVA on rising, but below average volume. Not quite the move we were looking for; however stock should continue with uptrend.

MCHP 05/04 Cup hdl 37.57 -0.38 38.64 45.00 928K 2.4M 37.00
Buy Not Hit. Gapped down on low volume. Still forming the handle.

NVDA 04/27 Test 18 31.14 -0.14 30.50 36.00 8.4M 14M 29.21
Current.

NVDA 03/07 PreSplt 31.14 -0.14 25.08 29.98 8.4M 6.2M 29.29
Current.

PLCE 04/18 PreAnn 66.52 +1.28 62.18 72.35 312K 800K 63.95
Current.

POOL 04/17 PreAnn 45.90 -0.85 49.62 56.89 145K 350K 47.55
Current.

POT 05/02 PreAnn 103.81 -1.46 101.04 117.50 566K 1M 102.45
Current. Pullback on lower below average volume. Still in uptrend.

QCOM 03/23 Test BO 52.66 +0.10 50.71 59.98 8.9M 15M 51.38
Current. Moving up on lower below average volume after testing the 50 day MVA

QCOM 03/04 Rv H&S 52.66 +0.10 48.88 57.95 8.9M 19M 51.38
Current.

RES 04/29 Cup hdl 31.30 -1.63 28.55 34.50 2.4M 810K 31.00
Gapped up at the open, but reversed on very strong volume surge.
May continue to test back to 10 day MVA (30)

RIO 04/20 PreAnn 56.48 +0.52 51.18 58.88 3.6M 5.2M 53.57
Current. Tapped 55.39 at the intraday low and rallied back on stronger above average volume. May be ready to pullback after nice run.

RMD 03/27 Test BO 47.67 -0.69 43.95 50.95 890K 600K 46.22
Current. Gapped down showing a doji on lower, but strong volume. Still in uptrend.

SBUX 05/04 Test 50 39.26 -0.37 39.34 46.95 5.7M 6M 37.95
Current. Pullback on average volume. Low volume pullback after nice run.

SLB 04/27 Test 18 70.98 -0.48 69.17 79.00 6.1M 12M 71.31
Trailing Stop.

SOX 05/03 Test 50 525.37 -3.57 526.00 550.00 0 0 523.00
Current. Still in good shape.

SPIL 04/26 Rv H&S 7.45 +0.07 7.51 9.11 875K 2.2M 6.98
Buy Not Hit. Continue to move up the 10 day MVA on rising volume. Still in the pattern.

SU 04/25 PreAnn 85.90 -1.05 87.79 99.90 2M 3.2M 97.42
Exited.

SU 03/30 PreAnn 85.90 -1.05 79.90 92.50 2M 4.1M 87.42
Trailing Stop.

TEK 05/06 Flat 35.90 -0.28 36.88 44.00 280K 787K 35.32
Buy Not Hit.

TEVA 05/02 Test 20 43.34 -0.17 44.25 53.00 3.4M 7.2M 41.95
Buy Not Hit.

UBB 05/04 Cup hdl 85.20 +1.24 84.85 99.90 492K 1.3M 81.98
Current.

VIP 04/22 Dbl btm 50.51 +0.95 48.40 55.95 982K 1.2M 48.22
Current.

VIVO 03/21 Dbl btm 26.28 -0.12 26.58 32.45 127K 300K 26.05
Current.

VSEA 04/25 Dbl btm 33.86 -0.15 32.67 38.00 617K 1.4M 32.25
Current.

WIRE 04/01 DB hdl 46.47 +2.17 35.28 42.45 1.2M 884K 44.21
Current.

WSM 05/06 PreAnn 44.33 +0.32 44.32 51.00 807K 900K 43.89
Buy Not Issued. Volume did not come in until late. If stock continues the move on strong volume will be a buy.

ZVXI 05/04 PreSplt 24.00 +2.63 21.95 36.00 399K 140K 21.89
Entered today.

Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
LM 05/03 Put 116.15 -2.50 114.57 110.00 1.2M 1.4M 116.32
Buy Not Hit. Nice move down the 10 day MVA on average volume. Meeting some support at 115.

MHP 05/01 Put 54.21 -0.62 55.55 53.00 2.3M 2M 54.88
Nice move down the 10 day MVA on strong volume. Meeting some support at 54.

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.

stock split
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