stock watch, stock split

Begin Part 3 of 3

WATCHLISTS:

PRE-ANNOUNCEMENTS WATCHLIST: BMS, BRL, CTAS, DLX, EDMC, JEF, SLM, STU and XL.

PDCO ($49.15; -1.44): Researching a date. Got a pullback off of the dojis, with higher volume kicking in, so we are watching to see how it handles the 10 day MVA (75.97. Targeting 57.

HUG ($39.00; -0.72): Working on a new announcement date. Dropped back a bit in its handle consolidation, but volume was much lighter and HUG continues to hold the 50 day MVA (38.44). Looking for a bounce from this support, and the buy point remains 40.65 on above average volume, with stock and/or October $35c to buy (HUG JG - No OI as yet).Target: 49. Stop: 37.90.

WFMI ($49.25; -1.00): Working on a new announcement date. Pulled back abruptly after its nice 18 day MVA bounce. Closed just below that level (49.46), looking for a hold. Target still 62.

HSIC ($48.98; -0.12): Researching a new date. Dropped back below the 18 day MVA (49.17), showing a doji on increased, strong volume. It could bounce from this pattern, but we need the strong volume of 450k or more on the buy point of 50.69, with stock and/or October $45c to buy (HQE JI). Target 60. Stop 47.14.

JCI ($82.64; -3.85): Great drop today after hitting the put buy point Monday, and the target (low today hit 81.50)! We could see a relief bounce so are looking at exiting any remaining positions (200 day MVA at 80.68).

LSTR ($104.78; +0.53): Researching a new date. Holding the 10 day MVA and prior highs at 105, with consecutive dojis. To add to positions we are looking for a strong move up.

ABC ($76.25; +0.24): We are researching a forecast date. Has given up the 18 day, but still holding in the consolidation, showing a doji today. Needs to decide whether it wants to recover now or face the 50 day at 74.

PHM ($51.55; -1.26): Working on a new announcement date. Gave up the 50 day MVA (51.88) today, recovering from a low of 50.67. Will likely get a bounce here, and we can evaluate that move for a possible put.

TFX ($55.76; -0.11): Forecast to announce a split on 7-17-02 with earnings. The company has not confirmed a time for the release. Dropped back for another visit to the 50 day, holding that point with a 'hammer' doji on strong volume. Looking for a bounce, but TFX needs to show a lot before we take upside positions.

PRE-SPLITS WATCHLIST: Watching APPB (6/12), UPC (6/7), JNC (6/11), MI (6/15), IFIN (6/17), PMI (6/18), PNRA (6/25), EXPD (6/25), THC (6/29) and GMRK (7/1).

ESI ($49.20; -0.60): Splits 2:1 effective 6-6-02. Still holding the 50 day (48.55) after the steady pullback, but needs to break overhead support at the short-term MVA's (49.77). Somewhat aggressive going into the split this week, but on a move over 50.10 we can look at positions on a possible quick play with July $45c to buy (ESI GI), looking to a ride a strong move through.

YUM ($62.86; -0.58): Splits 2:1 effective 6-18-02. Back toward the 50 day (38.47), holding with a loose doji today. The aggressive can look at a move over 64, with with July $60c to buy (YUM GL). Stop: 61. Target 72.

KSWS ($42.00; -2.05): Splits 2:1 effective June 22. Dropped to the 50 day Monday, and then crashed through today on big volume (142k). A four-point drop over two sessions, so we will look for a test back up and see if a put develops from there.

BER ($57.83; -0.59): Splits 3:2 on or about July 3. Friday's weak push up stalled at the short-term MVA's, and BER dropped back through that support today. We will see if it can recover.

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 ASD, BBBY, CAKE, CYN, DIAN, EASI, ETH, ETN, GNSS, GOSHA, INVN, KRB, KSS, MEG, MMM, MTG, RCII, RUS, STI, TGH, and TGIC.

ACDO ($51.64; -1.96): Finally made the drop, but recovered from the low of 50.50. We will see if it can make the drop back to 48.

AHC ($80.48; -0.47): Could be turning over here as AHC has dipped back below the 18 day MVA (81.51). We will see if it can hold the 50 day (78.86).

AZO ($78.86; -2.15): Fell back today, holding the 18 day MVA and prior handle highs. Some concern here on the higher volume, and we are protecting positions.

DHR ($68.37; -0.07): After dropping through the recent lows (and put buy point), DHR is holding on at 68, today with a doji. Target 63.

DRYR ($43.19; -0.08): Hanging in there, showing a doji today on high volume after dropping back Monday. We could see a bounce from here, but still looking for a drop back on the put.

FITB ($63.96; -0.20): Recovered from a low of 63.18 today on high volume, so we could see a bit more of a drop. Still in the downtrend, targeting 62.68 on the put.

MGA ($65.90; -3.09): Dropped through the buy point Monday and tanked today! It tapped close to our target of 65, so we are ready to take profits. The aggressive can see how it handles the 200 day (64.40).

MHK ($62.72; -1.40): MHK gave up the 50 day Monday and then gapped down today. The stock did recover from an intraday low of 61.10 as volume on the day spiked to 952k (avg. 653k), so again we will see if there is a test of the breakout. That is fine, as it could set up the 'kiss goodbye' scenario that we see so often, which leads to a strong drop and profitable put plays. After a failed test of the 64 range, a drop back through 62.70 on continued strong volume, with August $70p to buy (MHK TN). Target 57.

PII ($68.15; +1.45): Made the drop back through the put buy point Monday, although on low volume. It rebounded on stronger volume today, but is short of the 50 day. Still looking for a drop. On the move through 66.20 on continued strong volume (230k today), July $70p to buy (PII SN - 20 OI).

WEN ($36.80; -0.36): After the fine Friday bounce on acquisition news, WEN pulled right back the last two sessions. Again we look for it to hold the 50 day MVA (36.35).

POST SPLITS WATCHLIST: Watching ABM, ACS, APOL, ANN, BBY, CHS, DF, FULT, GG, GTK, JAH, JEC, LLL, MCHP, OPTN, PFCB, RNR, RYAN, RYL, SONC, SRCL, STZ, SU, UOPX, WTNY, WTSLA and ZRAN.

AMAT ($22.00; +0.57): Like KLAC, one that we are looking for a continued relief bounce to set up a put. It broke through the 200 day MVA (21.74) Monday, but rebounded today on increased volume. We will see where the bounce takes it, and watch for a put chance when the move stalls.

COCO ($26.83; -0.56): Split 2:1 effective 5-28-02. Drew back to the 50 day to close again. Still looking for a move over 28 on increased volume (432k today), with stock and/or August $25c to buy (UCS HE). Stop: 26.20. Target 34.

FAST ($37.13; -0.98): Split 2:1 effective 5-13-02. Fell through the put buy point Monday, and continued down today! Targeting 35.

MKC ($26.02; -0.23): Still looking good, although pulling back in the handle-type consolidation to something of a double bottom (also resembles a pennant). On a move over 26.85 on volume of 360k, stock and/or September $25c to buy (MKC IE).

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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