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us stock market, stock recommendation
Begin part 2 of 2
THE PLAYS:
New Pre-Split Plays:
Play Date: 05/15/2006
SHOO (Steven Madden--$50.77; -0.70; optionable): Footwear. Splits 3:2 on 5-26-06
http://biz.yahoo.com/p/s/shoo.html
STATUS: Test 18 day EMA. Big gap higher in April on raised guidance and then more on the early May earnings. It has since tested, coming back on lower volume to the 18 day EMA (50.03) Monday then bouncing back on stronger volume. Looks good on the test, setting up for the pre-split run.
Volume: 322.171K Avg Volume: 221.068K
BUY POINT: $51.88 Volume=332K Target=$62.00 Stop=$49.87
POSITION: SEU IJ - Sept. $50c (60 delta) &/or Stock
http://www.investmenthouse.com/cs/shoo.html
New buy point on current position:
Play Date: 05/15/2006
WIRE (Encore Wire--$39.48; -2.84; optionable): Industrial equipment
http://biz.yahoo.com/p/w/wire.html
STATUS: 50 day EMA test. Looking for a new position on WIRE as it comes back to the 50 day EMA (37.93), tapping that level on the Monday low and rebounding to cut its losses. Looking to pick it up as it continues higher.
Volume: 2.272M Avg Volume: 791.467K
BUY POINT: $40.44 Volume=1.8M Target=$48.00 Stop=$39.22
POSITION: EJO HH - Aug. $40c (52 delta) &/or Stock
http://www.investmenthouse.com/cs/wire.html
Continuing Pre-Split:
Play Date: 05/13/2006
KMG (Kerr-McGee--$108.46; -1.73; optionable): Independent oil and gas. Splits 2:1 on 6-15-06.
http://biz.yahoo.com/p/k/kmg.html
STATUS: Test breakout. Testing back a bit further, undercutting the 10 day EMA (108.07) Monday, but rebounding to close at that level on rising volume. That is the move we were looking for. Looks like the test is over. To recap: Spent Thursday and Friday fading along with the market and most of the energy stocks, but still easily holding its breakout from a sweet 14 week base. It formed over the 50 day EMA (101.36), a key support level for a stock. Nice breakout to a new all-time high, surging on strong volume, and a nice test underway on volume much lower than the breakout trade. Solid 4 to 2 accumulation (4 up price weeks on rising volume to 2 down price weeks on rising volume) shows good buying to push KMG higher. Relative strength breakout with the price shows its strength, hence the rather modest pullback Friday.
Volume: 2.863M Avg Volume: 1.642M
BUY POINT: $109.45 Volume=2.5M Target=$125.95 Stop=$105.55
POSITION: KMG JB - Oct. $110c (59 delta) &/or Stock
http://www.investmenthouse.com/cs/kmg.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
AEIS 05/03 Cup hdl 14.61 -0.40 16.92 20.32 518K 800K 16.00
Current. Held some support and rebounded late. Looking for the
rebound to continue and drive it back through the 50
day EMA (15.12) on the way back up. Low volume selling
on way down.
ATK 05/13 PreAnn 81.06 -0.83 82.97 95.50 288K 400K 81.21
Buy Not Hit.
CELG 05/10 Cup hdl 40.45 -0.16 43.55 52.00 3.4M 5M 40.88
Buy Not Hit. Pullback testing the 50 day MVA intraday and rallied back showing a doji on average volume on the simple 50 day MVA. Still in the pattern. Should be ready to rebound from here.
CMC 04/29 PreSplt 53.48 -2.87 55.82 66.66 1.6M 1.2M 59.95
Current.
CORS 04/25 PreSplt 64.02 +0.92 63.60 72.00 278K 399K 64.88
Current. Gapped down to open on the 50 day MVA and rallied back for a nice gain on rising, but below average volume. Held the 18 day MVA. Moving up after testing the breakout.
CTSH 04/26 Test BO 66.04 +0.48 64.11 73.95 1.3M 1.4M 66.38
Current.
CWTR 05/13 Test 50 28.26 -0.24 29.48 35.50 1.1M 1.5M 27.50
Buy Not Hit. Pullback testing the simple 50 day MVA intraday and rallied back showing a tight doji on average volume. Should be ready to bounce from here.
DAKT 04/08 PreAnn 41.04 +0.03 40.05 47.45 141K 195K 41.22
Current.
DBRN 03/27 PreSplt 23.82 -0.56 24.30 29.35 1.2M 1.1M 25.92
Current. Gapped down below the 50 day MVA tapping 23.37 at the intraday low and rallied back on average volume. Looking for stock to rebound from here.
DBRN 02/21 PreSplt 23.82 -0.56 22.77 27.25 1.2M 1.2M 25.92
DE 05/11 PreAnn 87.52 -2.11 89.65 103.95 3.6M 2.5M 88.04
Buy Not Issued.
DIA 04/27 Test 18 114.32 +0.45 114.52 117.55 7.4M 7.2M 114.87
Current. Gapped down at the open and rallied back holding the 18 day MVA on above average volume. Moving up after testing the breakout.
DO 05/02 PreAnn 90.91 -0.71 93.57 107.95 2.8M 2.8M 89.38
Buy Not Issued. Pullback testing the simple 50 day MVA intraday and rallied back on above average volume. Still in the pattern.
ESI 05/06 PreAnn 63.45 -0.74 65.24 77.50 625K 579K 63.05
Buy Not Issued.
FTO 05/06 PreSplt 58.08 -2.17 65.55 76.95 1.9M 2.2M 61.89
Current.
GG 03/20 Asc Bse 33.92 -3.64 28.32 33.98 16M 5.6M 38.22
Current. Gapped down below the 18 day MVA and continued to move down holding at support above the 50 day MVA on stronger above average volume. Looking for a sharp quick correction. May test back to 50 day MVA. (32.20)
GRMN 04/01 PreAnn 92.21 -2.51 81.75 95.00 1.2M 2M 93.12
Current. Pullback tapping 88.75 at the intraday low and rallied back holding the 18 day MVA on slightly above average volume. Showing good action in coming off the day's low.
HAL 05/09 PreSplt 75.25 -1.82 82.12 95.95 8.6M 8.5M 79.38
Current.
HOC 05/13 PreSplt 76.73 -3.21 82.35 98.50 640K 720K 79.00
Buy Not Hit.
IGT 05/02 Test BO 38.69 -0.17 39.08 45.75 1.8M 2.5M 37.57
Current.
JBHT 05/13 Cup hdl 25.31 +0.31 25.95 31.00 1.4M 2.5M 24.45
Buy Not Hit.
JCOM 04/27 Test BO 49.29 -0.03 50.22 57.89 314K 800K 49.45
Current.
KMG 05/13 PreSplt 108.46 -1.73 109.45 125.95 2.9M 2.5M 105.55
Buy Not Hit.
LCAV 05/06 PreAnn 55.32 +1.02 57.98 69.50 453K 1.1M 55.00
Buy Not Issued. Tapped 53.03 at the intraday low and rallied back for a nice gain on low volume. Still in the pattern.
LUK 05/06 PreAnn 61.09 -0.11 62.62 74.00 490K 375K 60.81
Current. Showing another doji on the 18 day MVA on stronger above average volume. Should be ready to rebound from here.
PDS 05/08 Test BO 33.84 -1.55 36.75 44.00 881K 1.1M 35.00
Buy Not Issued. The stock has not made the move we were looking for so will drop, but will keep an eye on it.
PLCE 04/18 PreAnn 62.59 -0.14 62.18 72.35 539K 800K 64.39
Current.
POT 05/02 PreAnn 96.72 -1.97 101.04 117.50 1.1M 1M 103.45
Current. Gapped won below the 18 day MVA on strong volume. Tapped the 18 day MVA (98.44) at the intraday high, but gave it back. Testing the breakout. Looking for a bounce off support at 95.
PPDI 05/13 Test 50 36.65 +0.62 36.22 42.96 1.5M 924K 34.68
Buy Not Issued.
RAVN 05/13 PreAnn 37.55 -1.73 40.55 48.70 92K 125K 38.55
Buy Not Hit.
RMD 03/27 Test BO 45.98 -0.13 43.95 50.95 425K 600K 46.22
Current. Huge gap down to open below the 18 day MVA and made a fierce rally back holding the 10 day MVA on average volume. Testing the breakout. Should rebound from here.
SBUX 05/04 Test 50 36.30 +0.65 39.34 46.95 6.9M 6M 37.95
Current. Tapped 35.12 at the intraday low and rallied back for a nice gain on lower, but above average volume. Meeting some resistance at the 50 day MVA (37). Stock needs to continue to rebound.
SLB 05/09 Test 18 67.00 -1.85 72.38 86.00 10M 12M 69.39
Current. Big gap down testing the 50 day MVA intraday and rallied back showing a tight doji on rising, but average volume. Looking for stock to rebound off the 50 day MVA.
SNDK 05/09 Asc Bse 61.00 -0.24 65.88 79.00 8.6M 17M 62.38
Buy Not Hit. Pullback tapping 59.95 at the intraday low and rallied back showing a tight doji on below average volume. Still in the pattern. Needs to hold here.
SOX 05/03 Test 50 486.97 -4.65 526.00 550.00 0 0 523.00
Current. Pullback below the 200 day MVA tapping 480.36 at the intraday and rallied back. Will let test back to 475.
TSCO 05/09 PreAnn 61.76 +0.33 65.42 76.00 287K 422K 63.00
Buy Not Hit.
UBB 05/04 Cup hdl 74.30 -4.72 84.85 99.90 1.9M 1.3M 84.00
Current. Gapped lower giving us little to work with, but we
like how it held support from 73-74.
VIP 04/22 Dbl btm 46.75 -1.75 48.40 55.95 1.2M 1.2M 48.39
Current.
VSEA 04/25 Dbl btm 30.22 -0.50 32.67 38.00 722K 1.4M 32.25
Current.
WCN 05/11 PreAnn 40.00 +0.61 40.22 46.95 668K 600K 39.00
Buy Not Hit. Tested the 50 day MVA intraday and rallied back for a nice gain on stronger above average volume. Holding at some resistance here. Looking good.
WIRE 04/01 DB hdl 39.48 -2.84 35.28 42.45 2.3M 884K 44.21
Current.
WSM 05/06 PreAnn 42.98 +0.23 44.32 51.00 867K 900K 43.89
Buy Not Issued. Still in the pattern. Moving up to hold the 10 day MVA on stronger above average volume. Looking good.
ZVXI 05/04 PreSplt 21.61 +0.65 21.95 36.00 124K 140K 21.89
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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us stock market
stock recommendation
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