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stock split, stock recommendation
Begin part 2 of 2
THE PLAYS:
New Pre-Split Plays:
Play Date: 05/22/2006
MAR (Marriott--$72.44; -0.99; optionable): Hotels and other lodging. Splits 2:1 on 6-12-06
http://biz.yahoo.com/p/m/mar.html
STATUS: Test 50 day EMA. Broke out from a 10 month base in early April and rallied up the 18 day EMA (73.79) to 76.76. After the breakout and run it needed a rest, and the market selling the past two weeks gave it the opportunity to test its breakout pretty much under cover. Volume was mostly lower but it did get a downside spike last Wednesday. It answered with some strong upside volume and a bounce higher Friday. It is feeling its way for some footing here at the 50 day EMA (72.25), but like how it has held the line, selling Monday but showing a doji at the 50 day. Looking for a bounce through the 10 & 18 day EMA to enter.
Volume: 1.189M Avg Volume: 1M
BUY POINT: $73.85 Volume=1.3M Target=$82.95 Stop=$71.78
POSITION: MAR JN - Oct. $70c (68 delta) &/or Stock
http://www.investmenthouse.com/cs/mar.html
New Post-Split Plays:
Play Date: 05/22/2006
VMSI (Ventana Medical Sys.--$47.18; +1.00; optionable): Medical instruments
http://biz.yahoo.com/p/v/vmsi.html
STATUS: Test breakout. Tremendous breakout in late April, blasting out of a 11 month base on strong earnings. It came back to test the break over the next two weeks, but it held the move, rebounding before hitting the 50 day EMA (43.49). Moved up the past week as the market sold, showing some better volume. Nice price move Monday but no volume yet. Money flow is running higher, and relative strength broke out ahead of price, a bullish indication for VMSI to follow it higher. Nice leader that last split in March 2005, set up in the new base, and is not ready for the next run.
Volume: 306.9K Avg Volume: 350K
BUY POINT: $47.85 Volume=425K Target=$56.95 Stop=$45.32
POSITION: UMI II - Sept. $45c (65 delta) &/or Stock
http://www.investmenthouse.com/cs/vmsi.html
CONTINUING PLAYS
* * SPREADSHEET DOWNLOAD * * *
The following link is to a spreadsheet download of the continuing play table. It will allow subscribers to sort the data for your personal investment use. This is a service to our subscribers only, and no other use of the information is authorized. Simply click on the link, enter your username and password, and download the spreadsheet!
http://stocksplits.net/ssr/table.php
You will need your password. If you need help click on this link and our automated system will email it to you immediately once you fill in your email address:
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 14.35 -0.01 16.92 20.32 525K 800K 16.00
Current. Tapped 13.83 at the intraday low and rallied back on rising, but below average volume. Holding above support at 14.
AMX 05/18 Test 50 34.01 -2.23 36.88 44.00 9M 5M 35.44
Buy Not Hit. The stock has not performed so will drop.
BA 05/20 PreAnn 85.71 +1.10 84.75 99.50 4.5M 5M 82.00
Entered today.
CLB 05/20 PreSplt 54.84 -1.96 57.48 68.95 318K 300K 54.45
Buy Not Hit. The stock has not made the move we were looking for so will drop.
CLDN 05/20 PreSplt 25.79 -0.67 27.05 32.50 224K 250K 25.72
Buy Not Hit.
CTSH 04/26 Test BO 62.02 -2.18 64.11 73.95 2.8M 1.4M 66.38
Current.
CWTR 05/13 Test 50 28.06 -0.77 29.48 35.50 1.4M 1.5M 27.50
Buy Not Hit. Pullback tapping 26.62 at the intraday low and rallied back holding the simple 50 day MVA on stronger above average volume. Showing some strength coming off the day's low. Looking for stock to rebound from here.
CYMI 05/17 Test 50 46.42 -1.54 50.11 60.00 1M 1.4M 48.44
Buy Not Hit. The stock has not made the move we were looking for so will drop.
DAKT 05/20 PreAnn 38.44 -1.04 40.50 48.72 161K 217K 38.65
Buy Not Hit.
ESI 05/06 PreAnn 62.96 +0.10 65.24 77.50 411K 579K 63.05
Buy Not Issued.
FTI 05/20 PreAnn 62.25 -0.53 63.72 76.00 1.6M 1M 61.71
Buy Not Hit.
FTO 05/06 PreSplt 52.23 -2.03 65.55 76.95 3.8M 2.2M 61.89
Exited.
GG 03/20 Asc Bse 30.20 +0.03 28.32 33.98 12M 5.6M 38.22
Current. Pullback on stronger above average volume. Should be ready to bounce from here. Beginning to consolidate below the 50 day MVA on lower, but strong volume.
GRMN 05/18 Test 50 85.37 -3.86 89.35 102.00 1.3M 1.4M 85.00
Current. Pullback holding the 50 day MVA on slightly above average volume. Should hold here.
GRMN 04/01 PreAnn 85.37 -3.86 81.75 95.00 1.3M 2M 93.12
Current.
HOC 05/13 PreSplt 74.68 -3.18 82.35 98.50 709K 720K 79.00
Buy Not Hit. The stock has not made the move we were looking for so will drop.
IGT 05/02 Test BO 36.53 -0.27 39.08 45.75 1.6M 2.5M 37.57
Current.
ITRI 05/20 Test 50 62.63 -2.33 66.85 79.95 494K 550K 64.88
Buy Not Hit. Pullback tapping 61.30 at the intraday low and rallied back holding the 50 day MVA on slightly above average volume. Should rebound from here.
ITW 05/18 PreSplt 98.71 -1.24 100.05 115.00 1.7M 1.5M 98.75
Buy Not Issued.
JCOM 04/27 Test BO 48.91 +0.37 50.22 57.89 491K 800K 49.45
Current.
KMG 05/13 PreSplt 105.69 -1.83 110.20 125.95 2M 2.5M 106.31
Current.
LCAV 05/06 PreAnn 53.59 -0.58 57.98 69.50 331K 1.1M 55.00
Buy Not Issued. Pullback tapping 52.85 at the intraday low and rallied back on low volume. Testing the breakout. May continue to test back to 50 day MVA (52.38)
LRCX 05/17 Test 50 46.77 -0.84 48.57 58.65 2.9M 4M 46.55
Buy Not Hit. Pullback tapping 45.72 at the intraday low and rallied back holding the 50 day MVA on below average volume. Should hold at support at 46.
LUK 05/06 PreAnn 59.59 -1.59 62.62 74.00 524K 375K 60.81
Current. Pullback testing the 50 day MVA intraday and rallied back on strong volume. May test back to support at 58.
OII 05/16 Test BO 68.52 -1.58 70.84 82.00 797K 600K 67.65
Current. Pullback tapping 66.09 at the intraday low and made a fierce rally back on strong volume. Showing strength coming off the day's low. Looking for a bounce off the 18 day MVA (68.20)
PLCE 04/18 PreAnn 58.99 -0.85 62.18 72.35 721K 800K 64.39
Current.
POT 05/02 PreAnn 91.88 -0.60 101.04 117.50 957K 1M 103.45
Exited.
PPDI 05/13 Test 50 36.70 +0.36 36.22 42.96 780K 924K 34.68
Buy Not Issued. Tested the 18 day MVA intraday and rallied back on stronger volume, but not enough to enter the play. Will let pullback.
RMD 03/27 Test BO 45.61 -0.09 43.95 50.95 422K 600K 46.22
Current. Big gap down and rallied back holding the 10 day MVA on lower below average volume. Showing strength coming off the day's low. Testing the breakout. Should be ready to bounce from here.
SBUX 05/04 Test 50 36.23 -0.10 39.34 46.95 6.6M 6M 37.95
Current. Gapped up to open on the 10 day MVA on slightly above average volume. May continue to test back to support at 36
SHOO 05/15 PreSplt 51.39 -0.47 52.38 62.00 178K 332K 50.25
Current. Tested the 18 day MVA intraday and rallied back showing a doji on the 10 day MVA on low volume. Beginning to consolidate.
SLB 05/09 Test 18 63.48 -1.12 72.38 86.00 13M 12M 69.39
Current. Gapped down at the open tapping 61.50 at the intraday low and rallied back on lower, but strong volume. Holding above support at 62.50.
SNDK 05/09 Asc Bse 59.57 -2.92 65.88 79.00 12M 17M 62.38
Buy Not Hit. Pullback holding the 50 day MVA on rising volume. Should be ready to bounce from here.
SOX 05/03 Test 50 469.16 -20.51 526.00 550.00 0 0 523.00
Exited.
TRMB 05/18 PreAnn 44.79 +0.37 46.55 55.75 611K 400K 44.72
Buy Not Hit.
VSEA 04/25 Dbl btm 29.28 -1.44 32.67 38.00 1.3M 1.4M 32.25
Current.
WCN 05/11 PreAnn 39.00 +0.06 40.22 46.95 757K 600K 39.00
Buy Not Hit. Tapped 38.43 at the intraday low and rallied back showing a doji on stronger above average volume. Doji may indicate a change in pattern.
WIRE 05/15 Test 50 36.90 -1.15 40.44 48.00 1.2M 1.8M 39.22
Buy Not Issued. The stock has not made the move we were looking for so will drop.
WIRE 04/01 DB hdl 36.90 -1.15 35.28 42.45 1.2M 884K 44.21
Trailing Stop.
ZVXI 05/04 PreSplt 13.63 +0.35 14.64 17.35 218K 140K 13.48
Current. Split its stock today but took a beating as stock gapped down testing the 200 day MVA intraday and rallied back on strong volume. Looking for stock to rebound off 200 MVA.
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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stock split
stock recommendation
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