stock split, stock recommendation

Begin Part 3 of 3

Another hot play:

ZRAN (Zoran Corp--$19.35; -0.77): Semiconductors.
http://biz.yahoo.com/p/z/zran.html
STATUS: Rebounded after giving up the 200 day MVA (22) last week, but stalled at the 10 day. In a very large head and shoulders, last week tapping down to February (left shoulder) lows. Today ZRAN reached up to the 10 day MVA 21.03 for the second consecutive session, pulling back to close both days. Looks ready to make another strong drop. The recent low is 17.38, and we are targeting 14.
PLAY: A drop through 19 on average or better volume (1.08m; today 991k), with September 23.375p to buy (HZL UV - 27 OI, -.59 delta).

WATCHLISTS:

PRE-ANNOUNCEMENTS WATCHLIST: BMS, CTAS, DLX, EDMC, HSIC, JEF, LSTR, NYT, PHM, STU, TFX (7/17), WFMI and XL.

SLM ($91.90; -2.26): Great move today! SLM ran through the buy point and dropped hard. Targeting 89 on the play.

ABC ($80.60; -0.51): Has bounced nicely from the 50 day MVA (currently 75), making a very strong move Monday. ABC rested today, showing a doji on lighter volume (1.39m; avg. 995k). Looking for a hold of 80 and continued move toward the target of 92.
BUY POINT: On a hold of 80 on a light volume dip, a move back up with continued strong volume. Target 92
POSITION: Stock and/or August $75c to buy (ABC HO). Stop: 74.20

HUG ($40.38; -0.65): Working on a new announcement date. Has made a weak bounce back up from the 50 day (38.78) after its controlled, handle-type drop back, and is now holding up after a light volume drop today. We will see if it can hold 40 and set up a strong move.
BUY POINT: Over recent (handle) high: 40.78 on volume of 250k.
POSITION: Stock and/or October $35c to buy (HUG JG - No OI as yet).Target: 49. Stop: 37.90.

MUR ($85.57; -2.25): Continued down with stronger selling today, and we are still targeting 84 (200 day MVA at 83.41).

PDCO ($51.33; -1.08): Researching a date. Another great move Monday but PDCO sold right back down today. Still holding prior high of 51.18, and targeting 57.

PRE-SPLITS WATCHLIST: Watching APPB (6/12), BER (7/3), JNC (6/25), MI (6/17), IFIN (6/17), PMI (6/18), EXPD (6/25) and GMRK (7/1).

JILL ($33.67; -0.84): Split 3:2 effective July 1. A great bounce Friday, and JILL hit up to 35.89 today but reversed with the market. Looking for JILL to hold up, with the short-term MVA's at 32.43. Target 41.

THC ($76.20; +0.11): Splits 3:2 effective 7-1-02. Has made a good move, and announced good numbers this week. THC jumped today and hit 78 today before reversing, moving on very strong volume (3.18m; avg. 1.66m). Looking for THC to hold 74-75 and set up a continued run. Target on current positions: 90.

YUM ($64.60; -1.00): Splits 2:1 effective 6-18-02. Pulled back a bit today but holding up over the 18 day MVA (64.30). Stop: 61. Target 72.

KSWS ($45.30; +0.30): Splits 2:1 effective June 22. KSWS has rebounded after giving up the 50 day MVA (43.94) last week. Volume has been dropping on the move up, however, and today KSWS closed with a 'hanging man' doji, indicating a move back down. We will see if it sells back again here and sets up a put.

PNRA ($68.32; -1.48): Splits 2:1 effective June 25. Dipped back off of the doji, ending the nice run. We will see if it can hold the support at 66-67 and set up again.

STJ ($79.28; -1.84): Splits 2:1 effective June 29. Continued down after the test of resistance, falling hard today. Still targeting 76 on the put.

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 ACDO, AHC, ASD, AZO, BBBY, CAKE, DIAN, EASI, ETH, ETN, GNSS, KRB, KSS, MEG, MGA, MHK, MMM, MTG, PII, RUS, STI, and TGIC.

DHR ($65.89; -0.57): Dropped hard Monday and continued down today. Targeting 63.

DRYR ($43.46; -0.58): Has been stubborn on the put play, dropping back again today. Still has not taken out the recent consolidation lows. Still targeting 38 on the put.

FITB ($63.81; -0.37): Reached all the way up to the 18 day MVA (65.21) today, but crashed back down on strong volume. The target is 62.68 (200 day MVA at 62.41).

RCII ($56.24; +0.30): Has bounced around the 50 day (55.37) and has closed over that level the past three sessions. We were looking for a put, and still might get one on a drop.

TGH ($107.00; +0.85): Reached up and hit our buy point, hitting 109.30 but pulling back to show a 'tombstone' doji. That pattern indicates a pullback, but TGH is strong and in a strong sector so we look for support to hold (10 & 18 day MVA's at 104.43 and 102.53). Target: 125

WEN ($38.18; +0.28): A solid move up, with WEN showing a loose doji today on very strong volume. Still targeting 44 but we could move that out.

POST SPLITS WATCHLIST: Watching ACS, APOL, ANN, BBY, CHBS, CHS, ESI, GTK, JAH, JEC, MCHP, MKC, OPTN, RNR, RYAN, RYL, SRCL, STZ, UOPX, UPC, WTNY, WTSLA and ZRAN.

COCO ($28.72; +0.32): A great 50 day MVA bounce, today holding up after a gap up and reversal Monday. Looking for a hold of 28 and continued move. Target 35.

DF ($38.11; -0.34): After a great run up from 36 that hit a new high at 39, DF dipped back today on strong volume. Looking for a hold of the 38 range and formation of a handle.

PRV ($26.07; -0.69): Broke out but volume was not great, and it turned back around today. We will see if it can hold 36. Target 30.

WLP ($83.75; +5.80): Blasted up on the huge guidance numbers, running on very big volume. Targeting 95.

AMAT ($19.59; -0.87): Big drop back today, and we are still targeting 18.

ATK ($67.75; -1.55): Split 3:2 on or about June 11. Dropped back again but closed with a doji. Targeting 60.

CPS ($46.31; -0.61): Split 4:3 effective 6-7-02. Broke from the ascending wedge last week, and took out the high Monday. Today a lower volume pullback, and look for a hold of the 46 range, still targeting 49.50.

FAST ($39.31; -0.46): Encountering trouble at the 50 day MVA (39.72), and looks ready to drop back after the lower volume climb. The aggressive can play a move back through 39 on volume of 400k, with August $45p to buy (FQA TV).

FOSL ($22.06; -0.31): Splits 3:2 effective 6-10-02. A great move up from 20 the last week. After running hard Friday, FOSL has pulled back but reached up over 23 the last two sessions. Looking for a hold and a continued move toward the target of 36.

PFCB ($34.03; -0.68): Bounced after the drop, but could not break the 50 day MVA (35.34). Today it tested that level again but dropped back to close, with volume increasing to 790k (avg. 520k). An aggressive put buy on a drop through 33.70, with October $37.50p to buy (HUO VU - delta -.58).

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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