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us stock market, stock split
Begin part 2 of 2
THE PLAYS:
New Pre-Announcement Play:
Play Date: 05/24/2006
RNT (Aaron Rents--$27.51; +0.25; no options): Rental & leasing services. Forecast for mid-July
BACKGROUND: Last announced a 3:2 split on 7-12-04 at $32.60. Before that a 3:2 split on 7-21-03 at $27.20.
http://biz.yahoo.com/p/r/rnt.html
STATUS: Test breakout. Broke out from a 8 month cup with handle base in February and rallied up the 18 day EMA (now at 26.82). It topped in late April and fell below the 50 day EMA (26.48) but rebounded last week on strong volume, making a new breakout, or really continuing the prior breakout run. After that Friday blast higher RNT faded back this week to test the 18 day EMA Wednesday and rebounding for a gain on stronger volume. Relative strength broke out on the move, a very good indication for the continued move higher. Strong money flow is leading higher and after this test RNT is ready to follow it once more.
Volume: 562.9K Avg Volume: 265K
BUY POINT: $28.35 Volume=398K Target=$34.00 Stop=$26.37
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/rnt.html
Continuing plays:
Pre-Split Plays:
Play Date: 05/23/2006
MDR (McDermott Intl.--$62.76; -1.28; optionable): Oil and gas service company. Splits 3:2 on 6-1-06
http://biz.yahoo.com/p/m/mdr.html
STATUS: Test 50 day EMA. Tried the rebound again Wednesday but faded back even with the strong volume. Still like the test, tapping at the 50 day EMA (60.85). Strong volume but need to see it hold the move after the initial test higher in the morning. To recap: MDR broke out in late March, moving out of a 10 week base over the 50 day EMA, rallying up the 10 day EMA (65.04) with that sharp break higher in early May as the commodities jumped. It has not folded up as did many energy stocks, instead filling its early May gap and holding the 50 day EMA this week on a big surge in volume. Volume at the 50 day EMA is not bad; it shows buyers moving in at this support level. Looking for a good rebound to make us a nice piece of change on its pre-split run.
Volume: 1.709M Avg Volume: 871.903K
BUY POINT: $65.65 Volume=1.3M Target=$75.50 Stop=$63.48
POSITION: MDR HM - Aug. $65c (51 delta) &/or Stock
http://www.investmenthouse.com/cs/mdr.html
CONTINUING POST-SPLIT PLAYS
Play Date: 05/22/2006
VMSI (Ventana Medical Sys.--$46.89; -0.33; optionable): Medical instruments
http://biz.yahoo.com/p/v/vmsi.html
STATUS: Test breakout. Tapped the 18 day EMA (45.84) on the low and rebounded on stronger volume. Still looks ready to move higher after this nice test. To recap: 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 (43.76). Moved up the past week as the market sold, showing some better volume. Nice price move Monday but no volume. 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: 370.196K Avg Volume: 309.919K
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
BA 05/20 PreAnn 82.38 -2.77 84.75 99.50 6.7M 5M 82.00
Current.
CLDN 05/20 PreSplt 27.36 +0.36 27.05 32.50 195K 250K 25.72
Buy Not Issued.
CTSH 04/26 Test BO 60.83 -2.42 64.11 73.95 2.3M 1.4M 66.38
Current.
CWTR 05/13 Test 50 27.01 -0.69 29.48 35.50 1.6M 1.5M 27.50
Buy Not Hit. Pullback tapping 26.07 at the intraday low and rallied back on stronger above average volume holding just below the 50 day MVA. Showing some good action coming off the day's low. Still in the pattern.
DAKT 05/20 PreAnn 44.36 +3.86 40.50 48.72 705K 217K 40.55
ESI 05/06 PreAnn 64.24 +1.06 65.24 77.50 458K 579K 63.05
Buy Not Issued.
FTI 05/20 PreAnn 62.00 -0.69 64.35 76.00 1.2M 1M 61.88
Current. Pullback showing a doji on the 18 day MVA on lower, but strong volume. Doji may indicate a change in pattern to the upside.
GRMN 05/18 Test 50 88.71 +1.54 89.35 102.00 1.1M 1.4M 85.00
Current. Moving up on rising volume after testing the 50 day MVA.
GRMN 04/01 PreAnn 88.71 +1.54 81.75 95.00 1.1M 2M 93.12
Current.
HOC 05/23 PreSplt 76.45 -1.24 78.97 94.00 608K 720K 74.95
Entered today.
HWAY 05/23 PreAnn 49.55 +0.26 50.11 60.00 466K 511K 47.89
Buy Not Issued. Tested the simple 50 day MVA intraday and rallied back on slightly above average volume. Meeting some resistance at 50.
ITW 05/18 PreSplt 99.42 +0.10 100.05 115.00 1.7M 1.5M 98.75
Buy Not Issued.
JCOM 04/27 Test BO 51.67 +1.76 50.22 57.89 743K 800K 49.45
Current.
KEX 05/23 PreSplt 71.95 -2.76 75.55 86.95 390K 350K 71.88
Buy Not Hit.
LCAV 05/06 PreAnn 55.03 -0.40 57.98 69.50 424K 1.1M 55.00
Buy Not Issued. Gapped up at the open, but gave it back holding the 10 day MVA on low volume. Meeting resistance at 56.
LUK 05/06 PreAnn 62.75 +0.42 62.62 74.00 654K 375K 61.05
Current. Tested the 10 day MVA intraday and rallied back on lower, but strong volume. Moving up after testing the 50 day MVA.
MAR 05/22 PreSplt 72.01 +0.33 73.85 82.95 1.5M 1.3M 71.78
Buy Not Hit. Tapped 71.11 at the intraday low and rallied back holding the simple 50 day MVA on stronger above average volume. still in the pattern.
MDR 05/23 PreSplt 62.76 -1.28 65.65 75.50 1.7M 1.3M 63.48
Buy Not Issued.
OII 05/16 Test BO 71.86 +0.78 70.84 82.00 1.1M 600K 68.45
Current. Moving up after testing the 18 day MVA.
PPDI 05/13 Test 50 34.70 -1.65 37.34 43.95 1.1M 924K 35.54
Current. Fell hard holding below the 50 day MVA on stronger above average volume. Came off the day's low of 33.55. Needs to hold at support at 34
SBUX 05/04 Test 50 35.21 -0.38 39.34 46.95 9.3M 6M 37.95
Current. Gapped lower but closed above the prior May low with
a solid rebound on volume. Will see if it can set up
a quick double bottom and rebound.
SHOO 05/15 PreSplt 50.63 -0.41 52.38 62.00 222K 332K 50.35
Current. Pullback showing a doji on the 18 day MVA on rising, but average volume. Came off the day's high of 53.20. Testing the breakout. Should hold here.
SNDK 05/09 Asc Bse 58.99 +0.01 65.88 79.00 13M 17M 62.38
Buy Not Hit. Beginning to consolidate below the simple 50 day MVA on stronger above average volume. Need to hold at the 57.50.
TRMB 05/18 PreAnn 46.00 -0.47 46.55 55.75 340K 400K 44.72
Buy Not Issued.
VMSI 05/22 Test BO 46.89 -0.33 47.85 56.95 370K 425K 45.32
Buy Not Issued. Pullback testing the 18 day MVA intraday and rallied back showing a doji on slightly above average volume. Still in the pattern. Doji may indicate a change in pattern to the upside.
WCN 05/11 PreAnn 37.94 -0.55 40.22 46.95 868K 600K 39.00
Buy Not Hit. The stock has not made the move we were looking for so will drop.
ZVXI 05/04 PreSplt 13.27 -0.74 14.64 17.35 100K 140K 13.62
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
CELL 05/23 Put 23.24 +0.06 22.21 20.00 1.5M 1.2M 23.57
Entered today. Tanked early but then rebounded to show a doji below
the 10 day EMA. Still looks ready to fall & will look
at additional positions as it fades from 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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