us stock market, stock split

Begin part 3 of 3

THE PLAYS

Good Movers: ALJ; BOT; DIA; ECL; FTO; ICE; ININ; MRO; NGA; PPDI

Weekend play results:
BRLI: Gapped higher on strong volume with some strong earnings
GPRO: Bumping up at the breakout point but needs some volume.
HMSY: Not enough volume yet
ININ: Nice continuation of the break higher off the 50 day EMA
BVF: Bounced higher on rising, above average volume. Closed off high so will see if it stalls again
DITC: Low volume as DITC bounced some, better setting up for the next move lower.

New Plays:

Upside:

Play Date: 07/24/2006
BID (Sothebys--$28.68; +1.27; optionable): Auction house
http://biz.yahoo.com/p/b/bid.html
Earnings: 8-2-06
STATUS: Cup. After forming something of a handle all July, i.e. a lateral move along the 18 day EMA (26.42), BID received a few bids and that shot it higher Monday, gapping higher on continued above average volume. It is clearing some resistance at 28 in the pattern, gapping on volume. Looking to step in as it continues higher on this break.
Volume: 1.123M Avg Volume: 899.995K
BUY POINT: $28.84 Volume=900K Target=$34.65 Stop=$26.82
POSITION: BID JF - Oct. $30c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/bid.html

Play Date: 07/24/2006
ISRG (Intuitive Surgical--$121.89; +4.69; optionable): Medical appliances
http://biz.yahoo.com/p/i/isrg.html
After Hours: $121.89
STATUS: Reverse head and shoulders. Big winner for us on its prior runs, ISRG has consolidated and set back up for a next run. Ready to break higher from a 10 week pattern that formed as part of a 6 month ascending base that is making a series of higher lows along the 200 day SMA (108.09) on the lows. Positive 4 to 2 accumulation in the most recent pattern shows accumulation that is setting up the next break higher. Good volume last Wednesday on a move higher, and up again Monday though not huge. Solid leader in the right sector, and looks ready to break higher.
Volume: 854.303K Avg Volume: 1.159M
BUY POINT: $122.65 Volume=1.2M Target=$135.00 Stop=$117.38
POSITION: AXQ JU - Oct. $125c (53 delta)
http://www.investmenthouse.com/ci/isrg.html

Play Date: 07/24/2006
ZVXI (Zevex International--$16.77; +1.44; no options): Medical appliances, equipment
http://biz.yahoo.com/p/z/zvxi.html
STATUS: Test 50 day EMA. Split in late May and surged out of a short 7 week double bottom in late June to early August, peaking at 19.70 before coming back to the 50 day EMA (14.54) in the market selling. It held that level last week, bouncing sharply on strong volume Wednesday. Quick test Thursday and Friday on much lower trade, then back up Monday on above average volume. Solid action. Looking to move in as it continues this break higher.
Volume: 240.775K Avg Volume: 202.228K
BUY POINT: $17.05 Volume=210K Target=$22.00 Stop=$15.68
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/zvxi.html

New buy on a current position:

Play Date: 07/24/2006
GRMN (Garmin Ltd.--$100.19; +4.84; optionable): GPS devices
http://biz.yahoo.com/p/g/grmn.html
Earnings: 8-2-06
After Hours: $100.02
STATUS: Test 50 day EMA. Volume kicked up Friday as GRMN tested and held the 50 day EMA (95.76). Monday it jumped sharply as volume moved higher as well, up to average. Heading for the mid-July interim peak at 102.35. Want to see even more volume as it continues the through that point.
Volume: 1.556M Avg Volume: 1.527M
BUY POINT: $102.50 Volume=1.4M Target=$118.00 Stop=$99.00
POSITION: GQR JA - Oct. $105c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/grmn.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