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Begin part 2 of 2
Full report issues Tuesday.
THE PLAYS:
New Plays:
New Post-Split Plays:
Play Date: 12/18/2006
EZPW (Ezcorp--$16.30; +0.47; optionable): EZ Pawn shops
http://biz.yahoo.com/p/e/ezpw.html
STATUS: Test 18 December 2006. EZPW split last week, coming back from an early December bounce higher to 17. It has come back the past two weeks, holding the 18 December 2006 (16.01) on lower, below average volume. It has held at this level that is also the November high. Looking for it to bounce further from here (started a bounce Monday) on some continued strong volume. Nice leader that held the test and looks ready to resume the move to a new all-time high.
Volume: 933.472K Avg Volume: 1.56M
BUY POINT: $16.65 Volume=2M Target=$19.98 Stop=$15.66
POSITION: ULP CC - Mar. $15c (71 delta) &/or Stock
http://www.investmenthouse.com/cs/ezpw.html
Play Date: 12/18/2006
IIVI (Ii-Vi, Inc.--$27.43; +0.87; optionable): Materials and products for precision use in medical, military, aerospace, security, etc.
http://biz.yahoo.com/p/i/iivi.html
STATUS: Ascending base. Some nice volume the past three sessions as IIVI jumps off a test of the 50 day EMA in its 10 week base. Used the 50 day EMA as support on the lows as it consolidated the breakout from a summertime base; good stepping stones for the breakout to a new all-time high. Excellent action and looking to take some positions on a continued strong move and then more on a successful test. Leader in its sector.
Volume: 309.241K Avg Volume: 264.108K
BUY POINT: $27.55 Volume=270K Target=$32.98 Stop=$26.22
POSITION: JIU DE - Apr. $25c (72 delta) 7/or Stock
http://www.investmenthouse.com/cs/iivi.html
Play Date: 12/18/2006
SYK (Stryker--$55.13; +0.26; optionable): Medical instruments (orthopedic products)
http://biz.yahoo.com/p/s/syk.html
STATUS: Breakout test. SYK is fading modestly to test last week's breakout from a short 6 week cup with handle base that is part of a much larger 17 month double bottom with handle base. Strong volume on the breakout move and then lower trade the pat two sessions as it works laterally over the 10 day EMA (54.43), refusing to give up the gains. May wait for the 10 day EMA to rise to meet it; that is often the thing that sends a stock higher once more. Excellent leader in excellent shape to continue the move higher.
Volume: 1.156M Avg Volume: 1.307M
BUY POINT: $55.55 Volume=1.4M Target=$63.95 Stop=$54.05
POSITION: SYK CK - Mar. $55c (54 delta) &/or Stock
http://www.investmenthouse.com/cs/syk.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 08/21 Cup hdl 85.47 -2.25 68.12 78.00 26M 40M 88.65
Current. Tapped just below 85 on the low & bounced some. This
is where we are watching to see if we buy back those
calls sold. Likely to go ahead & test the 50 day EMA
(84), however, before it bounces.
AEOS 11/11 FlyPlat 47.10 -1.34 48.23 55.65 2.9M 3.2M 46.98
Current. Tough day for retailers, but w/the split effective
Tuesday we decided to let it ride thru the split and
see if it can give us a pop post-split with those 'cheaper'
share prices.
AKAM 11/11 DB hdl 55.09 -1.30 50.81 60.95 6.6M 7.5M 53.82
Current. Pullback tapping 54.38 on the low and rallied on strong volume. May continue to test back to the 10 day MVA (54), but still in great shape.
AKAM 10/21 Test 50 55.09 -1.30 47.20 55.95 6.6M 7M 53.82
Current.
AMX 11/29 Asc Bse 44.25 -0.63 45.50 53.95 4.8M 4M 43.95
Current. Fell below the 18 day MVA on stronger volume. Bounced off the day's low of 44. There is support at 44, but stock may go ahead and test the 50 day MVA(43).
ANST 12/02 Cup 26.76 -0.54 28.08 35.97 222K 400K 26.42
Buy Not Issued. Stock has not made the move we were looking for so will drop.
ATVI 11/04 PreAnn 16.95 -0.55 16.40 19.65 5.9M 5M 17.28
Trailing Stop.
ATW 12/09 Cup hdl 50.01 -1.49 51.85 60.95 306K 475K 50.35
Current. Fell back on below average volume holding at some support above the 18 day MVA. Should bounce off the 18 day MVA (49.50)
BA 12/16 Asc Tri 89.56 -1.14 91.05 100.00 2.6M 6.5M 89.22
Buy Not Hit. Ease back on much lower volume testing the 18 day MVA intraday. Still in the pattern.
BCR 12/07 PreAnn 84.76 +0.95 85.36 100.00 515K 500K 83.31
Buy Not Issued.
BDX 12/09 PreAnn 72.05 +0.07 73.45 84.95 860K 1.4M 71.78
Buy Not Hit.
BPO 12/16 PreAnn 38.48 -0.06 39.25 46.75 1.3M 695K 37.95
Buy Not Hit.
CBG 11/06 Test BO 32.77 -0.17 29.65 35.95 1.1M 2.4M 32.32
Current. Gapped up at the open, but gave it all back testing the 18 day MVA on the low. Beginning to form a new lateral consolidation.
CELG 11/27 Test 18 58.78 +0.27 55.57 63.95 3.5M 4.4M 57.45
Current. Continue with the uptrend on low volume.
CERN 11/02 Rev HS 47.88 -0.41 49.50 56.95 455K 600K 47.95
Current. Gapped down holding the simple 50 day MVA on rising volume. Looking for stock to continue to bounce off the 50 day MVA (47.50)
CLE 12/07 PreAnn 33.52 -0.13 34.05 40.45 1.9M 2.2M 32.65
Buy Not Issued. Nice hold at the 10 day EMA, filling most of the gap. Set to go, just have to see it actually do so.
CMTL 11/07 Cup hdl 38.82 -0.14 37.38 44.95 170K 275K 38.05
Current. Holding above the 10 day EMA on lower volume, showing a doji.
COH 09/25 Test BO 42.03 -1.00 35.05 40.48 3.7M 5M 42.54
Trailing Stop. 1st close below 18 day EMA since August w/volume rising. Took rest of options off table. Sold some Jan $40c ($2.75) against stock positions, i.e. willing to let COH test support @ 40 then if holds, buy the calls back & let stock rebound.
CRDN 12/05 DB hdl 53.53 -1.49 56.55 67.95 545K 845K 54.95
Buy Not Issued.
CTRP 12/09 Test BO 63.26 +1.10 58.50 69.95 551K 525K 59.95
Current. Continue to move up the 10 day MVA on rising volume.
DBRN 12/07 Test BO 23.46 -0.47 25.05 29.95 608K 1.4M 23.68
Buy Not Hit. Testing the breakout. As stock eases back on low volume holding the 18 day MVA.
DO 12/06 Cup 81.35 -2.70 82.75 99.45 2.7M 4.2M 82.68
Exited.
DRI 12/13 Test 50 40.30 -0.14 41.33 49.45 1.4M 1.6M 39.75
Buy Not Issued.
DRIV 12/14 Test 50 55.34 -0.97 58.21 66.95 1.2M 1.4M 55.95
Buy Not Hit. The stock has not performed so will drop.
FDX 12/16 PreAnn 115.06 0.00 116.15 130.94 2.3M 2.7M 113.95
Buy Not Hit.
FFIV 10/13 DB hdl 76.20 -0.28 58.00 69.95 815K 1.5M 73.75
Current. Pullback on low volume showing a doji. May test back to 10 day MVA (75)
FIC 11/30 Cup hdl 41.74 -0.14 42.44 48.78 805K 1.2M 41.55
Current.
FMD 11/28 PreSplt 52.92 -0.40 49.75 57.25 563K 1M 51.55
Current. Ease back testing the 10 day MVA on low volume. Moving up after testing the 18 day MVA.
FTO 12/05 Cup hdl 30.34 -1.60 32.78 39.45 1.8M 3.2M 31.08
Buy Not Issued. Dropping as not performing.
GME 10/21 Test BO 55.46 -1.14 53.00 60.45 1.4M 1.7M 55.98
Trailing Stop. Closed below the 18 day EMA on rising, above avg volume
so took the rest of positions off the table. Likes
to test the 50 day EMA so will let it make the test
& catch it as it starts to rebound.
GPRO 12/13 Cup 52.72 -0.35 53.85 61.55 336K 400K 51.48
Current. Pullback on rising volume average volume. Routine pullback.
HET 11/17 Cup hdl 82.18 +2.68 78.15 87.32 14M 3M 77.98
Target Hit. A solid deal for $90 seems to be set, but HET is not
responding as if it believes it. Hit 84.25 on the high
and backed off significantly. We took a modest gain
and moved on.
IBM 12/12 Test 18 95.44 +0.14 95.05 104.95 7.8M 8M 93.98
Current. Continue to trend higher on strong volume. Came off the day's high of 96.16
ICE 10/19 Test 18 107.59 +1.25 83.64 94.95 2.7M 2.4M 109.48
Current. Moving up on average volume after testing the 18 day MVA.
LEH 12/12 DB hdl 77.09 +0.99 78.11 89.95 3.3M 5.5M 75.65
Buy Not Hit. Bucking the action, coming off the 18 December 2006 test. Looking as if it wants to make the breakout move.
LH 10/21 Test 50 72.49 +0.60 68.80 78.75 795K 1.5M 71.82
Current. Still trying to break higher form the lateral consolidation and make the next leg higher.
LRCX 12/16 Test 50 53.45 +0.11 54.65 62.95 2.5M 5.5M 51.95
Buy Not Hit. Moving up on low volume after testing the 50 day MVA
MON 11/21 DB hdl 50.47 -0.47 48.44 55.55 3.1M 5.4M 49.95
Current. Gapped lower but recovered nicely.
MS 12/11 Asc Bse 80.37 +1.11 80.19 91.95 4.4M 5M 78.31
Entered today. Nice move up the 10 day MVA on lower but strong volume.
MTW 11/02 Test BO 58.67 -0.60 55.50 66.48 644K 1.3M 59.98
Trailing Stop. Will let it make the test lower toward the 50 day EMA and then catch it as it holds and starts the rebound.
NBL 11/04 Cup hdl 49.91 -2.88 50.55 57.85 1.9M 1.7M 52.32
Trailing Stop.
NIHD 12/14 Test BO 66.64 -1.82 69.35 79.75 2.5M 1.6M 67.05
Buy Not Issued.
NVLS 11/18 Test BO 34.54 +0.18 31.80 37.98 6.7M 3.9M 32.95
Current. Good action, starting lower but recovering for a gain on lower but still above average volume.
PLCE 12/16 PreAnn 65.84 -1.18 67.57 77.75 385K 900K 65.77
Buy Not Hit.
PMTI 12/14 Test BO 52.32 -0.13 53.82 63.95 450K 722K 51.72
Buy Not Hit.
RATE 12/11 Test BO 37.98 -0.67 39.15 47.45 295K 495K 36.41
Buy Not Hit. Pullback just below the 18 day MVA on low volume. Still in the pattern.
SINA 11/21 Test BO 28.98 -0.06 29.00 33.98 1.5M 950K 28.45
Current. Volatile session tapping 28.33 at the low and bounced to hold the 10 day MVA on strong volume surge. Came off the day's high of 29.75. Meeting some resistance at 29. Looking for the breakaway move.
SLB 12/14 DB hdl 65.07 -2.48 69.45 79.95 8.7M 14M 66.89
Buy Not Hit.
SVVS 12/05 Asc Bse 36.16 -0.46 33.74 39.95 246K 365K 36.65
Current. Very low volume as SVVS continues an orderly test of the strong Thursday break higher.
SWS 12/12 PreSplt 34.91 -0.29 34.65 39.48 187K 200K 34.38
Current.
TALX 12/16 Asc Bse 27.11 +0.18 27.38 32.95 463K 325K 25.82
Entered today. Gapped up tapping 27.60 at the intraday high, but gave it back showing a tight doji on lower, but strong volume. Should continue with the pattern.
THQI 11/29 Test 50 32.14 -0.82 32.43 38.65 1.2M 2M 32.72
Current. Pullback below the 18 day MVA on average volume. May continue to test back to 50 day MVA before rebounding (31.50)
URBN 12/05 Cup hdl 23.38 -0.62 24.75 29.95 2.3M 400K 22.98
Buy Not Issued. Ease back below the 18 day MVA on low volume. Still forming the handle.
VSEA 11/11 Test 50 42.25 -0.03 39.55 44.88 1.1M 1.2M 41.15
Buy Not Issued. Tapped 43.40 at the intraday high, but gave it back on strong volume surge. Looking for the breakaway move on strong volume.
WFR 12/04 Cup 42.28 -1.27 43.54 51.45 3.1M 6.5M 41.88
Current. Ease back on 10 day MVA on low volume. Still in good shape. Should be ready to rebound from here.
WWW 12/16 PreAnn 28.30 -0.81 29.55 35.48 226K 438K 28.77
Buy Not Hit.
XTO 11/28 Rev HS 48.17 -1.71 49.44 58.95 4.4M 6M 49.11
Exited.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
CVD 12/12 Put 59.31 +0.11 59.84 58.00 328K 550K 59.48
Current. Tapped the 10 day MVA at the high, but faded back showing a doji on low volume. Still in down trend.
EYE 12/09 Put 35.63 -0.02 36.04 34.51 429K 1.8M 36.85
Buy Not Issued. Volume not there to enter the play. Still in the pattern.
YHOO 12/07 Put 26.30 -0.60 26.45 25.00 19M 30M 26.55
Current. Nice move down the 10 day MVA on low volume. Tested the simple 50 day MVA at the low.
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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