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stock watch, stock split
Begin Part 3 of 3
WATCHLISTS:
PRE-ANNOUNCEMENTS WATCHLIST: ACDO (4/29), AHC (4/24), AROW, BMS, BRL, CTAS, DRS, DRYR, ESI (4/18), GTK, LE, MMM, MRBK, SLM, STU, SUI and XL.
BER ($56.35; -0.64): Researching a new announcement date. Pulled back from the last bounce, again testing its 18 day MVA (56.19) as it trends up. Approaching the left side high in the cup (58.40), but the aggressive can play another bounce from here. On a move over 47 on above average (125,000; today 61,400) volume, with stock and/or July $55 calls to buy (BER GK).
EASI ($45.37; +0.19): Forecast to announce a split 5-21-02 at earnings. In a pennant handle to its cup, today showing a doji on continued low volume (117,600; average 200,400). Looking for the breakout, with a buy point at 47 on volume of 300,000. Stop: 43.71 (7%). Aggressive: Over 45.72 on volume of 250,000. Stop: 42.52 (7%). Positions of stock and/or August $40 calls to buy (UFE HH).
STI ($66.82; +0.47): Forecast to announce a split on 4-15-02 in conjunction with earnings or on 4-16-02 in conjunction with annual shareholder meeting to be held at 9:30 a.m. ET. STI is in a large double bottom dating back to August 2001 (high 72.35), and has pulled back the last week, holding the 18 day MVA (66.12). The aggressive can play a bounce over 67.40 on above average (730,000). The breakout is 68.57 on volume of 1.1 million. Stock and/or July $65 calls to buy (STI GM - July $65).
KRB ($38.60; +1.17): Forecast to announce a split on 4-11-02 in conjunction with earnings. The company will not release the date for earnings, but based upon our research this should be the date. Still in the consolidation, testing the 18 day MVA (37.62) Monday but managing a weak bounce today on lighter volume. The buy point is 39.55 on increased volume of 4 million, with stock and/or June $35 calls to buy (KRB FG).
EXPD ($59.23; +0.36): EXPD has formed a reverse head & shoulders since the beginning of 2002, having caught support on its most recent drop at the 50 day MVA (57.62), forming the right 'shoulder.' The breakout is 61.31 on volume of 550,000, with stock and/or August $55 calls to buy (URP HK - 10 open interest).
ATK ($97.08; +1.91): Forecast to announce a split on 5-9-02 before the open with earnings. Has dropped out of the pennant, but pushed back up on light volume today. We need to see more power on a move up. The breakout is over 100.25 on volume of 375,000, with stock and/or May or August $95 calls to buy (ATK ES or ATK HS).
CYN ($51.62; +1.06): Forecast to announce a split with earnings 4-16-02 before the open. Bounced from the 50 day (50.31), but not a strong move. We will see if it can set up.
PHM ($49.81; +2.54): Forecast to announce a split at its shareholder meeting on May 15, but we will keep an eye out for a split before that date. Struggling to stay over the 50 day MVA (48.41), and cannot get over the short-term MVA's (50.04). Still looking at a potential dive back through 47, with May or July $55 puts to buy (PHM QK - no open interest, or PHM SK - 40 open interest).
CPS ($57.63; -0.68): Forecast to announce a split on 4-18-02 in conjunction with earnings. At this time the company cannot confirm the date for the release, but based upon our research this is the date for the release. Creeping up on low volume and appears ready to test back, and we will watch for 56 to hold.
RNR ($100.42; -0.33): Forecast to announce a split on 4-22-02 with earnings (tentative date). Hit the put buy point last week but is struggling, and fell back through the 50 day (47.94) this week. Looking for a continued trend down.
MUR ($92.81; +0.61): Working on a new date. Has been trending up, but we could still get that test toward 90 before another strong upward surge.
KRI ($67.29; +0.02): Forecast to announce a split on 4-24-02 before the open. There is also the shareholder meeting the next day at 9:30 PT. Has fallen back into the range of the pennant after the weak breakout attempt. We will see if it can hold on (50 day is below at 66) and gather strength for another run.
LSTR ($94.40; +1.21): Researching a new date. LSTR is moving back up but is struggling at the recent high, with the moves up on low volume. It looks like we will get a move back down, so we will see if it can hold support at 90.
PRE SPLITS WATCHLIST: Watching CUB (holding support but a descending wedge), THQI and PMI.
MKC ($50.99; +0.50): Splits 2:1 effective 4-9-02. The breakout move is weakening, with MKC moving up today on much lighter volume. Watching carefully, and looking for any pullback to hold on to 50. Still could move and still targeting 56.
TOL ($52.51; +2.51): Splits 2:1 effective 4-1-02. Making a move after having tapped the 50 day MVA (47.15) last week. Riding positions taken on the bounce, and the high is ahead at 54.76. The aggressive can play a move over 53, with May $50 calls to buy (TOL EJ).
DRI ($38.48; +1.44): Splits 3:2 effective 5-2-02. Still targeting 34 on the put play, and although DRI moved up today, it is up against the 50 day (39.14). Watching for a further drop back from here.
DCOM ($30.05; -0.24): Splits 3:2 effective 4-25-02. Could be heading back to the 50 day (29.49), but that has been steady support, and we will look for it to hold and set another move.
WRI ($51.07; +0.75): Splits 3:2 effective 4-16-02. Still erratic, bouncing up today from the 50 day MVA (50.06). The aggressive can play a move over 51.65, with stock.
CONTINUING CANDIDATES WATCHLIST: When splits are not announced, we will keep the best split prospects on the report rather than continue to carry all of them in case there is a an unexpected announcement. We will continue to monitor the stocks that are trimmed and add them again when we ascertain a revised split announcement date. These include APPB, AZO, BBBY, DHR, DIAN, EDS, ETH, GNSS, GOSHA, IGT, JCI, LLL, MI, RARE, STJ, TGH, TGIC, THC and YUM.
INVN ($39.22; -2.53): INVN is back at key support, dropping on higher volume (1.93 million; average 1.77 million) to close on the 50 day MVA. The higher volume on the move down is not encouraging, so we will see if it can hold, but a drop here could signal a move to 35.
RYL ($93.95; +5.45): Continued the strong bounce (that took out put position) in a good day for homebuilders. Riding positions taken on a flip to the upside, with the high ahead at 97.70.
PII ($63.28; +0.72): Has dropped back but is holding the 18 day MVA, with the gap-up point at 62. Protecting profits at this key support, and the aggressive can look at positions on a move over 64 with above average volume (130,500; today 87,000), with stock and/or June $60 calls to buy (PII FL - low open interest).
POST SPLITS WATCHLIST: Watching ACS, CHS, SONC, and WLP.
BSG ($35.00; +1.03): Made the bounce move and hit the buy point on its way up to a new intraday (35.10) and closing high. Volume was down at 312,700 (average 504,800), so we will see if the momentum can continue. For new or additional positions, we will need to see above average volume on a move up.
GILD ($36.52; +0.31): Split 2:1 effective March 8. A wild one, and today it kept up the erratic behavior, tapping near the 50 day MVA (35.09) but rebounding to close. Still holding in the range of its prior handle, and with the good volume (2.68 million; average 2.4 million), we will see if the upward momentum can take over and propel it toward the high at 39.
ICUI ($35.39; +0.33): Split 3:2 effective 3-18-02. After last Thursday's move up to 36.67 followed by a reversal, the stock is holding its short-term MVA's (34.45), dipping slightly on lower volume. We will see if it can rebound and move over 36 on volume of 80,000, with stock and/or August $30 calls to buy (QPD HF - no open interest).
SMD ($16.40; -0.74): Split 3:2 effective 3-18-02. Pulled back some more but on very low volume, and after Monday's strong rebound from the 50 day (33.33), support looks to be solid. Protecting positions, however, and we will see if it can set up a bounce.
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 watch
stock split
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