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us stock market, stock recommendation
Begin part 2 of 2
THE PLAYS:
Good movers: AKAM; BWS; COGO; CTSH; CXW; ICE; LVS; NTGR; NUE; PCU; SPIL
New Plays:
New Post-Split Play:
Play Date: 11/06/2006
CBG (CB Richard Ellis--$29.26; +0.87; optionable): Property management
http://biz.yahoo.com/p/c/cbg.html
STATUS: Test breakout. Big breakout from a 6 month reverse head and shoulders base in late October that took CBG back to its May high (29.30 closing). It tried to extend the move on Halloween but faded to start the month along with most stocks. It held near support at the 10 day EMA (28.17), however, working laterally. Monday it was up again, but volume did not follow it. Excellent money flow is leading higher as CBG, a top earnings grower in the market, sets up for a run to a new high. Excellent pattern and excellent action ready to take it higher.
Volume: 1.326M Avg Volume: 2.044M
BUY POINT: $29.88 Volume=2.4M Target=$35.95 Stop=$28.08
POSITION: CBG CF - Mar. $30c (54 delta) &/or Stock
http://www.investmenthouse.com/cs/cbg.html
Play Date: 11/06/2006
HOLX (Hologic--$48.00; +0.36; optionable): Medical appliances
http://biz.yahoo.com/p/h/holx.html
STATUS: Double bottom w/handle. Taking another run at HOLX. It weakened some in late October as it formed a new handle to its 7 month base, sliding through the 18 day EMA (47.73) to start the month. Low volume as it works on the handle, a good sign there is no heavy selling. Excellent money flow continues to lead higher. Just going to be patient, let it finish this test over the 200 day SMA (46.35) and show us the breakout.
Volume: 524.925K Avg Volume: 933.654K
BUY POINT: $49.21 Volume=1.4M Target=$56.95 Stop=$46.57
POSITION: QHX CJ - Mar. $50c (51 delta) &/or Stock
http://www.investmenthouse.com/cs/holx.html
Play Date: 11/06/2006
IGT (International Game Technology--$43.19; +1.73; optionable): Computerized gaming machines
http://biz.yahoo.com/p/i/igt.html
STATUS: Test breakout. Nice price and volume action Monday as IGT cleared some resistance in a five week lateral move. That break higher looks to be the start of a breakout from a 2.5 year base. Prior to this long basing period IGT enjoyed a huge move. After this base it looks ready to put together another good, long run.
Volume: 3.868M Avg Volume: 2.247M
BUY POINT: $43.45 Volume=2.3M Target=$49.95 Stop=$41.88
POSITION: IGX DH - Apr. $40c (65 delta) &/or Stock
http://www.investmenthouse.com/cs/igt.html
New Leader Play:
Play Date: 11/06/2006
CRM (Salesforce.com--$42.01; +1.53; optionable): On-demand customer relationship management
http://biz.yahoo.com/p/c/crm.html
STATUS: Reverse head and shoulders. Taking another look at CRM after it tested the 50 day EMA (37.33) to start the month and then rebounding the past two sessions on a solid shot of rising, above average volume. This move has taken CRM back to the neckline in the 10 month base. Strong money flow is leading higher and CRM looks ready to follow it. Solid pattern, solid market leader.
Volume: 2.167M Avg Volume: 2.003M
BUY POINT: $42.34 Volume=3M Target=$49.95 Stop=$39.68
POSITION: CRM BH - Feb. $40c (65 delta) &/or Stock
http://www.investmenthouse.com/cs/crm.html
CONTINUING PLAYS
* * SPREADSHEET DOWNLOAD * * *
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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 10/12 DB hdl 79.71 +1.42 75.55 88.00 15M 32M 79.08
AAPL 08/21 Cup hdl 79.71 +1.42 68.12 78.00 15M 40M 78.35
Current. Moving up on low volume after testing the 18 day MVA. Forming a handle.
ADS 10/26 Test BO 59.93 +0.73 61.11 69.95 683K 1.3M 58.38
Buy Not Hit. Moving up on low volume after testing the 18 day MVA. Came off the day's high of 60.51. Still in the pattern.
AKAM 10/21 Test 50 48.05 +2.08 47.20 55.95 4.5M 7M 47.45
Current. Bounced off the 50 day MVA for a great move on much stronger, but below average volume. Broke through the 10 day MVA.
AMT 11/02 Test 50 37.39 +0.37 37.75 43.95 1.2M 3M 35.88
Buy Not Hit. Moving up on lower volume after testing the 50 day MVA. Still in the pattern.
ATVI 11/04 PreAnn 15.70 -0.15 16.14 19.38 4.9M 5M 15.18
Buy Not Hit.
BLUD 10/28 Test BO 26.99 -0.15 27.74 32.65 1.2M 1.1M 26.32
Current.
BRCM 09/25 Test 50 30.25 +0.04 30.96 35.68 9.8M 17M 29.32
Current. Continue to move up the 10 day MVA.
BWS 09/21 Cup 39.27 +1.07 35.56 40.88 178K 296K 38.55
Current. Bounced off the 18 day MVA on much stronger volume for a great move. Moving up after testing the breakout.
CERN 11/02 Rev HS 48.95 -0.14 48.78 56.48 259K 600K 46.95
Buy Not Issued. Ease back on low volume. Looking for the breakaway move on strong volume
COGO 10/14 Cup hdl 17.92 +1.34 16.00 19.25 1.9M 1M 16.95
Current.
COH 09/25 Test BO 39.35 +0.74 35.05 40.48 2.8M 5M 38.45
Current. Continue to trend higher on low volume.
CTRP 10/28 Test 50 49.34 +1.65 49.65 60.50 582K 577K 47.95
Buy Not Hit. Tested the 10 day MVA and rallied back for a nice gain on strong volume surge. Looking good.
CTSH 11/02 Test 50 76.46 +2.12 76.60 87.95 2.1M 2M 73.95
Entered today.
CXW 10/18 Test 18 47.90 +2.23 47.60 55.75 970K 600K 45.95
Entered today. Great move as stock gapped up on excellent volume surge.
DECK 11/04 Test BO 52.08 +0.79 52.38 62.95 204K 4M 50.57
Buy Not Issued.
DRIV 09/23 Test BO 58.19 +0.65 51.65 58.48 997K 1.1M 55.95
Current. Continue with the uptrend on rising volume. Broke through some new resistance at 58
FCFS 10/30 Rev HS 22.15 +0.88 21.72 26.95 361K 450K 20.75
Buy Not Issued. Gapped higher & did a good job of holding the gains.
If it continues from here it is still a buy.
FFIV 11/04 Test BO 65.62 +1.45 65.05 74.95 581K 1.2M 62.95
Buy Not Issued. Low volume ascent. Will let test back.
FFIV 10/13 DB hdl 65.62 +1.45 58.00 69.95 581K 1.5M 63.95
Current.
GES 10/28 FlyPlat 63.24 +0.44 56.78 65.45 1.3M 850K 61.95
Current.
GLDN 11/01 Test BO 36.74 +0.15 37.22 44.45 177K 245K 35.88
Buy Not Hit. Moving up on below average volume after testing the 18 day MVA. Still in the pattern.
GME 10/21 Test BO 53.26 -0.26 53.00 60.45 842K 1.7M 50.55
Current. Ease back on low volume. Still in uptrend.
ICE 10/19 Test 18 84.90 +3.15 83.64 94.95 1.4M 2.4M 81.82
Current. Nice rebound on rising volume. Moving up after testing the 18 day MVA
JCP 09/26 Asc Tri 76.61 +0.52 70.05 79.95 2.4M 4M 75.38
Current. Tested the 10 day MVA intraday and rallied back showing a tight doji. Moving up on below average volume after testing the 18 day MVA
LH 10/21 Test 50 67.44 +0.48 68.80 78.75 979K 1.5M 67.22
Current. Bounced on below average volume. Moving up after testing the 50 day MVA.
LTD 10/03 Cup hdl 30.24 +0.54 28.40 32.95 2.1M 3.1M 29.22
Current.
LVS 10/28 Cup hdl 73.93 +1.23 76.60 88.95 1.3M 3.1M 74.45
Current. Moving up for a nice gain on below average volume after testing the 50 day MVA.
MTW 11/02 Test BO 54.05 +1.35 55.44 66.48 517K 1.3M 52.44
Buy Not Hit.
NBL 11/04 Cup hdl 49.07 -0.04 49.45 56.95 1.2M 1.7M 47.35
Buy Not Issued.
NTGR 11/04 Test BO 26.91 +0.80 26.68 31.89 819K 750K 25.97
Entered today. Great move on much stronger volume surge.
NUE 10/30 Test BO 59.58 +2.08 58.30 67.95 3.9M 4.5M 57.45
Current. Great move up the 10 day MVA on rising volume. Moving up after testing the breakout. Came off the day's high of 60.62
PCU 11/03 Cup hdl 55.78 +2.50 53.90 61.95 3.8M 3.2M 53.95
Current. Gapped up at the open for a nice gain on excellent volume surge. Moving up after testing the 18 day MVA.
PLCE 10/11 Cup hdl 69.41 +0.22 66.56 76.75 378K 922K 68.31
Current. Bounced off the 10 day MVA on low volume. Moving up after testing the 18 day MVA.
PLCE 09/14 Test 20 69.41 +0.22 59.85 68.00 378K 800K 67.45
Current.
PMTI 10/31 Test BO 47.69 +1.12 47.78 56.95 251K 575K 45.95
Buy Not Issued. Moving up on low volume after testing the breakout. Need to see more volume on upside move.
QLGC 10/30 Test BO 20.19 +0.07 20.64 24.65 1.9M 3M 19.88
Buy Not Issued. Came off the day's high of 20.48. Still in the pattern.
RDY 11/01 Test BO 17.65 +0.24 17.33 20.81 673K 450K 16.95
Current.
RJF 10/30 Test BO 31.99 +0.98 31.92 37.75 272K 646K 31.11
Current.
SEIC 11/04 Test 50 56.94 +0.88 56.88 64.95 669K 850K 55.22
Entered today. Continue to move up after testing the 50 day MVA on average volume.
SMSC 10/03 Cup hdl 31.01 +0.62 29.21 34.75 186K 504K 31.22
Current. Nice move up on rising volume after testing the 50 day MVA
SMSC 09/16 Cup hdl 31.01 +0.62 30.05 34.75 186K 504K 31.22
Current.
SPIL 10/31 Cup hdl 6.56 +0.16 6.54 7.95 2.9M 1.8M 6.22
Entered today. Explosive move on very strong volume.
STLD 10/31 Cup hdl 61.20 +1.83 61.68 72.45 1.2M 2.1M 59.95
Buy Not Hit.
STT 10/26 PreAnn 64.24 +0.87 64.48 72.95 920K 1.5M 62.48
Buy Not Hit.
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 recommendation
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