us stock market, stock split

Begin part 3 of 3

THE PLAYS

Good movers: ALJ; ININ; CTRP; TZOO

Tuesday night play results:
FORM: Faded to the 18 day EMA on lower volume.
HANS: Quick test of the 10 day EMA is setting up the next move
ITG: Gapped higher. Looking for a fill to enter
NOC: Gapped higher and tested the 50 day. Now it is ready.

New Plays: Some nice plays in defensive areas but not defensive in their ability to move and give us nice gains.

Upside:

Play Date: 07/12/2006
EZM (EuroZinc Mining--$2.57; -0.02; no options): Industrial metals
http://biz.yahoo.com/p/e/ezm.html
After Hours: $2.71
STATUS: Cup w/handle. A new issued in December 2005, EZM rallied well on its opening move through mid-May and has now formed a great 9 week base using the 50 day EMA (2.28) as support. Positive accumulation in the base as it consolidates shows ongoing demand for the shares. Was up after hours; if it gaps higher we will be patient and let it come back to test. That may take a day or so or it may give us the test intraday. We will look for it to come back to fill most of the gap and then when it starts back up we can move in. Nice pattern and gaps are typically tested so we want to be patient and let it give us the entry point.
Volume: 3.147M Avg Volume: 5.896M
BUY POINT: $2.69 Volume=7M Target=$3.65 Stop=$2.50
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/ezm.html

Play Date: 07/12/2006
FIZ (National Beverage--$16.05; +0.90; optionable): Soft drinks (Shasta, Faygo, etc.)
http://biz.yahoo.com/p/f/fiz.html
STATUS: Double bottom w/handle. If nothing else the name is creative, and you can at least get a rise out of that. Great pattern, a 10 week textbook double bottom with handle that started the breakout move Wednesday. Excellent 4 to 0 accumulation (4 up price weeks on rising volume to 0 down price weeks on rising volume)) shows lots of buying as the market gets defensive. Ready for a new all-time high, and it can really move as well. What's more, it likes to split its stock at these low levels. Okay, we will take that.
Volume: 216.3K Avg Volume: 167.248K
BUY POINT: $16.27 Volume=251K Target=$19.62 Stop=$15.13
POSITION: FIZ JC - Oct. $15c (67 delta) &/or Stock
http://www.investmenthouse.com/ci/fiz.html

Play Date: 07/12/2006
PMTI (Palomar Medical Tech--$47.23; -2.27; optionable): Medical appliances
http://biz.yahoo.com/p/p/pmti.html
After Hours: $47.25
STATUS: Test breakout. Playing a bit more defense here with a solid market leading health sector stock. PMTI broke out from an 8 week base last week, making it to 50 before the market started to sell and it tested as well. Wednesday if faded to the 10 day EMA on the close. Looking for the stock to hold in this range and then rebound to give us a buy after the test. Like that because it shows us buyers ready to move back in after the break higher. Nice 3 to 1 accumulation in the base shows the buying continues.
Volume: 664.798K Avg Volume: 393.254K
BUY POINT: $48.05 Volume=590K Target=$57.75 Stop=$45.95
POSITION: HKQ KJ - Nov. $50c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/pmti.html

Good Investing!
Jon L. Johnson and your IH Alerts Team

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 in 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.

us stock market
stock split