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stock split, stock recommendation
Begin part 2 of 2
Full report issues Thursday.
THE PLAYS:
Good movers: CAT; RS; XPRSA
New Plays:
New Post-Split Plays:
Play Date: 08/23/2006
CERN (Cerner--$45.36; +0.07; optionable): Health information systems
http://biz.yahoo.com/p/c/cern.html
STATUS: Double bottom w/handle. Split to start the year, moved laterally through March, trying to set up a base, but failed, tumbling lower into May and July, where it made two legs to its 5 month base. Nice rally back in late July and early August, spending the last week pulling back to form the handle, tapping back at the 10 day EMA (44.85) on very low, below average volume. Very nice fade to shake out the last sellers. Looking for volume to jump back in as CERN makes the breakout move.
Volume: 403.069K Avg Volume: 940.857K
BUY POINT: $46.58 Volume=1.4M Target=$53.55 Stop=$44.62
POSITION: CQN LI - Dec. $45c (56 delta) &/or Stock
http://www.investmenthouse.com/cs/cern.html
New buy points on current positions:
Play Date: 08/23/2006
NVDA (Nvidia--$26.29; -0.02; optionable): Semiconductors
http://biz.yahoo.com/p/n/nvda.html
After Hours: $26.49
STATUS: Breakout test. A sweet pullback that never got out of control. Indeed on Wednesday it faded to the 10 day EMA (25.74) on low volume, then started to rebound into the close. A very nice 15 week base, and ready to break higher once more.
Volume: 8.081M Avg Volume: 10.402M
BUY POINT: $26.89 Volume=10M Target=$31.00 Stop=$25.65
POSITION: UVA LE - Dec. $25c (65 delta) &/or Stock
http://www.investmenthouse.com/cs/nvda.html
Continuing plays:
CONTINUING PRE-ANNOUNCEMENT PLAYS:
Play Date: 08/22/2006
DHR (Danaher--$65.79; -0.04; optionable): Industrial consumer products.
BACKGROUND: Last announced a 2:1 split on 4-22-04 at $93.60.
http://biz.yahoo.com/p/d/dhr.html
STATUS: Cup w/handle. Another volume surge Wednesday as DHR again bumped toward the breakout point. Looks super. To recap: A bit early on DHR as well, but as with DKS, a nice pattern has formed and Tuesday it was showing strong volume as it bumped into the top of the handle to the 14 week base. Money flow is ratcheting higher ahead of price and DHR has shown some very good price/volume action the past week as it heads toward the breakout.
Volume: 3.35M Avg Volume: 1.486M
BUY POINT: $66.32 Volume=2M Target=$74.95 Stop=$64.55
POSITION: DHR LM - Dec. $65c (62 delta) &/or Stock
http://www.investmenthouse.com/cs/dhr.html
CONTINUING POST-SPLIT PLAYS:
Play Date: 08/21/2006
BRCM (Broadcom--$28.85; +0.09; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/b/brcm.html
After Hours: $29.00
STATUS: Test 50 day EMA. Nice hammer doji right over the 10 day EMA (28.14) as BRCM continued its excellent pullback to test the break of its downtrend and then the move over the 50 day EMA (28.33). Nice test. Ready to move. To recap: It has been a long time since January when we bought a bunch of BRCM and it bolted higher on strong volume. That was just about the apex of its run and shortly after it topped and rolled over. BRCM broke through its 4 month downtrend this month, moving laterally with SOX and then breaking sharply higher last Tuesday and Wednesday. Strong volume on the upside move shows the buyers (short coverers and long buyers) were moving in force. It then eased back to end the week and did more of the same Monday, fading toward the 50 day EMA on lower volume, below average on Monday. Looking for a test of the 50 day EMA to set off the next move. This was a trend reversal move, and this is the first test of the stronger break higher. If it continues up from here on volume we know the buyers are back in.
Volume: 11.586M Avg Volume: 17.759M
BUY POINT: $29.75 Volume=20M Target=$36.00 Stop=$28.08
POSITION: RCQ AF - Jan. $30c (54 delta) &/or Stock
http://www.investmenthouse.com/cs/brcm.html
Play Date: 08/22/2006
VSEA (Varian Semiconductor--$34.28; -0.26; optionable): Chip equipment
http://biz.yahoo.com/p/v/vsea.html
After Hours: $34.26
STATUS: Double bottom w/handle. Still a nice, low volume test of the 10 day EMA (34.04) again on Wednesday, reaching below the 10 day but rebounding to close above it and on low volume. It has made the test, now it needs to show the next move. To recap: Working on a handle to a ranging 7 month base. VSEA showed some good volume last week as it broke higher and cleared the hump in the middle of the pattern (34), moving to 36 on the high. It is now testing, coming back to hole the hump and the 10 day EMA that just happen to be coincident. Showed tow tight dojis at the 10 day EMA this week. May take a bit more time to finish forming up, but looking solid and a move could come at any time.
Volume: 665.001K Avg Volume: 918.923K
BUY POINT: $35.36 Volume=1.2M Target=$41.50 Stop=$33.74
POSITION: UES BG - Feb. $35c (52 delta) &/or Stock
http://www.investmenthouse.com/cs/vsea.html
CONTINUING PLAYS
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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
AAPL 08/21 Cup hdl 67.31 -0.31 68.12 78.00 19M 40M 66.21
Current. Eased back, testing the 10 day MVA intraday on low volume. Moving up after testing the 18 day MVA.
AEOS 08/10 Cup hdl 37.15 +0.13 35.46 42.45 1.9M 2.5M 36.22
Current. Tapped 36.53 at the intraday low and rallied back showing a doji on low volume. Moving up after typical pullback.
AGN 07/25 PreAnn 112.15 -0.33 109.32 117.50 395K 1.5M 111.88
Current. Ease back on low volume. Still in good shape. Looking for a bounce off the 10 day MVA 112.
AMX 08/03 Cup hdl 36.72 -0.88 36.58 43.00 3.4M 6.5M 36.58
Current.
ANST 08/22 Cup hdl 19.72 -2.29 22.55 26.95 246K 274K 21.38
Buy Not Hit. The stock has not made the move we were looking for so will drop.
APH 08/14 DB hdl 58.61 -0.08 58.95 67.00 275K 800K 57.21
Current.
BAM 08/22 Asc Bse 44.62 -0.20 44.95 51.95 658K 450K 42.95
Buy Not Issued. Surged higher to 45.93 as volume remained strong but reversed to close lower and showing a big tombstone doji. Have to let it test given the wild volatility.
BHE 08/17 Cup 24.02 -0.82 25.55 30.65 398K 1M 24.15
Buy Not Hit. The stock has not made the move we were looking for so will drop, but will keep our eye on it.
BRCM 08/21 Test 50 28.85 +0.09 29.75 36.00 12M 20M 28.08
Buy Not Hit. Beginning to make a lateral move just above the 50 day MVA on low volume. Moving parallel with the 50 day MVA.
CAM 08/19 Test 50 49.14 -0.65 49.45 56.50 1.7M 2.4M 47.65
Buy Not Issued. Pullback on rising, but average volume testing the 10 day MVA intraday. Still in the pattern. Looking for a clear and decisive move on strong volume.
CMI 08/19 PreAnn 119.44 -0.85 121.05 132.00 642K 1.4M 119.45
Buy Not Hit.
COG 08/12 PreAnn 52.83 -1.25 54.65 65.00 241K 900K 52.55
Buy Not Issued. The stock has not made the move we were looking for so will drop.
CTSH 08/19 PreAnn 69.16 -1.43 71.11 79.00 855K 1.8M 68.22
Buy Not Hit. Gapped up at the open, but gave it back holding the 10 day MVA on rising, but below average volume. Should be ready to rebound from here.
CTSH 07/28 PreAnn 69.16 -1.43 66.12 77.95 855K 2.4M 68.45
Current.
CXW 08/12 PreSplt 63.49 -1.45 62.58 67.95 223K 410K 63.45
Current. Ease back on low volume. May test back to 10 day MVA (62.50)
DHR 08/22 PreAnn 65.79 -0.04 66.32 74.95 3.4M 2M 64.55
Buy Not Hit. Moving up after testing the 50 day MVA.
DIOD 08/15 Test 20 38.49 -0.60 39.88 43.95 421K 380K 38.00
Current.
DKS 08/22 DB hdl 40.99 -0.12 41.87 48.95 281K 937K 40.00
Buy Not Hit. Still forming the handle.
DNR 07/29 Rv H&S 32.10 -0.46 34.65 50.50 393K 1.6M 32.32
Current. Ease back tapping 31.75 at the intraday low and rallied back holding the 50 day MVA on low volume. Looking for a rebound from here.
DRQ 08/07 Asc Bse 78.20 -1.77 87.12 99.85 461K 675K 82.04
Current. Pullback tapping 77.24 at the intraday low and rallied back holding just below the 50 day MVA on rising, but average volume. May test back to support at 77.50 and rebound.
DRQ 07/28 PreAnn 78.20 -1.77 81.88 94.00 461K 636K 81.95
ECL 07/18 PreAnn 43.40 -0.12 41.39 47.65 480K 1.2M 43.12
Current. Pullback on low volume testing the 18 day MVA intraday. Still in good shape. Looking for a rebound off the 18 day MVA (43.21)
EME 08/12 Test BO 53.79 -1.72 53.05 62.75 335K 325K 54.21
Fell hard again and was time to exit and let it set
back up.
ESRX 08/10 PreAnn 82.42 -0.74 83.42 94.90 861K 2M 81.31
Buy Not Issued. Ease back on low volume. Still in the pattern. Looking for the breakaway move on strong volume.
FTO 07/13 Test BO 34.83 -1.77 33.25 39.95 3.7M 3.5M 35.11
Current.
FTO 06/29 Dbl btm 34.83 -1.77 30.84 37.00 3.7M 3.5M 35.11
Current. Pullback on lower, but strong volume managing to hold the 18 day MVA. Moving up after testing the 50 day MVA.
GI 08/05 PreAnn 69.72 -1.88 72.65 86.95 198K 484K 68.77
Buy Not Hit.
GILD 06/01 PreAnn 63.14 -0.32 60.97 70.95 2.3M 7M 62.42
Current. Pullback testing the 18 day MVA and rallied back holding the 10 day MVA on low volume. Typical pullback. Should be ready to bounce from here.
GS 08/02 Cup 152.70 -1.45 152.00 165.00 2.8M 6.5M 151.78
Current. Gapped down testing the 18 day MVA intraday on low volume. Looking for a bounce off the 18 day MVA (152.15)
HC 08/10 DB hdl 18.48 -0.40 19.87 23.85 681K 1.7M 18.48
Buy Not Hit. Stock has not performed so will drop.
HWAY 07/27 PreAnn 51.10 -1.19 54.53 62.50 158K 504K 52.00
Exited.
HYSL 08/19 Test 20 31.36 -0.76 33.31 38.50 434K 1.1M 32.00
Buy Not Hit. The stock has not made the move we were looking for so will drop, but will keep our eye on it.
IMO 08/14 Test BO 38.79 -0.33 39.55 45.48 147K 375K 38.11
Buy Not Issued. Pullback on rising volume holding the 10 day MVA. Moving up after testing the breakout.
LH 05/30 PreAnn 68.22 -0.62 61.31 71.00 1.1M 1M 67.35
Current. Pullback on slightly above average volume. May continue to test back to 10 day MVA (67.70)
LUFK 08/09 PreAnn 63.23 -0.65 63.95 76.00 129K 225K 61.39
Buy Not Issued. Tapped 64.58 at the intraday high, but gave it back on rising, but below average volume. Looking for the breakaway move on strong volume.
MOLX 08/10 Test 50 34.99 -0.58 34.72 40.95 283K 625K 34.68
Current. Ease back tapping 34.70 at the intraday low and rallied back holding the 10 day MVA on low volume. Testing the breakout. Should be ready to rebound from here.
MON 08/12 Test BO 47.22 +0.12 46.00 52.00 2.5M 3M 45.88
Current. Tested the 10 day MVA and rallied back on low volume. Continue to trend higher.
MON 07/11 PreSplt 47.22 +0.12 42.65 46.43 2.5M 3.1M 45.88
Current.
NBL 07/13 DB hdl 49.34 -1.02 49.30 59.45 1.1M 2.5M 49.12
Current.
NVDA 08/08 Test 20 26.29 -0.02 25.45 31.00 8.1M 12M 25.75
Current. Pullback testing the 10 day MVA intraday and rallied back on low volume. Beginning to make a lateral move. Moving parallel with 10 day MVA.
OXY 08/10 PreSplt 52.48 -0.82 52.62 59.90 2.1M 3.8M 51.11
Buy Not Issued.
OXY 07/28 PreSplt 52.48 -0.82 53.79 58.50 2.1M 4M 51.88
Current.
PCAR 08/22 Test BO 56.17 -0.70 57.25 65.95 684K 1.6M 55.55
Buy Not Hit. Ease back testing the 18 day MVA intraday andr allied back on low volume. Still in the pattern.
PDS 08/19 DB hdl 36.82 -0.42 36.98 42.90 538K 888K 36.00
Current. Gapped up at the open, but gave it back tapping 36.42 at the intraday low on average volume. May continue to test back to 10 day MVA (36.25)
PLCE 08/17 Dbl btm 56.21 -1.34 59.57 66.75 485K 675K 56.95
Current. Pullback on rising, but average volume. Looking to rebound from support at 56.
PPDI 08/01 Test BO 37.86 -0.30 38.65 45.65 173K 680K 37.82
Current. Gapped up at the open, but gave it back testing the 50 day MVA intraday on low volume. Should rebound from here.
PSYS 08/17 Cup hdl 32.01 -0.01 32.89 37.85 156K 966K 30.78
Buy Not Hit.
QSII 08/09 Test BO 40.05 +0.35 37.45 45.00 193K 500K 39.00
Current. Continue to trend higher on low volume.
RAI 08/03 PreSplt 64.59 -0.25 62.93 67.43 731K 675K 64.00
Current. Ease back on low volume. Still in good shape. Looking for rebound from 10 day MVA (64.30)
SHOO 08/03 Cup hdl 34.95 -1.73 34.85 41.50 303K 584K 35.30
Current. Gapped up at the open, but gave it all back testing the 10 day MVA on average volume. Should hold at the 10 day MVA 34.64
SLB 08/01 Rv H&S 64.29 -1.44 65.35 65.50 5.6M 12M 63.85
Buy Not Issued.
SLB 07/10 DB hdl 64.29 -1.44 65.21 74.50 5.6M 12M 64.60
Current. Turned back from the down trendline at 66, holding
the 50 day EMA (64.16) on low volume. This is where
it has to hold and make a higher low and break through
that downtrend.
SU 07/13 PreAnn 80.25 -1.60 84.35 96.95 2.7M 4.5M 83.00
Current. Good early rally to 83.43 and then turned over to close
on rising, average volume, holding at the 50 day EMA
as it closed. Has to hold here or in trouble.
TRMB 08/16 Rv H&S 49.85 -0.90 51.36 58.88 612K 435K 48.48
Current. Pullback testing the 10 day MVA intraday and rallied back on lower, but strong volume. Testing the breakout. May test back to 10 day MVA (49.35)
TRMB 07/31 Test BO 49.85 -0.90 46.31 53.95 612K 476K 48.48
Current.
TZOO 08/17 Dbl btm 32.33 -2.07 32.04 36.72 975K 700K 32.55
Current.
VIP 08/21 Cup hdl 50.40 -0.04 50.88 58.50 832K 1.2M 48.75
Buy Not Issued.
VSEA 08/22 DB hdl 34.28 -0.26 35.36 41.50 665K 1.2M 33.74
Buy Not Hit.
WFR 08/19 Dbl btm 35.06 -0.48 36.04 43.00 2.8M 5.5M 33.94
Buy Not Hit.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
CAT 08/19 Put 67.21 -1.29 67.82 65.55 4.5M 5.2M 67.65
Current. Nice move down the 10 day MVA on rising volume.
RS 08/17 Put 31.18 -1.26 33.15 31.05 1.2M 1.3M 31.28
Target Hit. Took the money off the table as stock makes a nice move down the 10 day MVA hitting the target.
XPRSA 08/15 Put 20.87 -1.15 21.90 19.90 261K 245K 21.05
Current. Tested the 18 day MVA intraday, but rolled over for a nice move down on stronger above average volume.
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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