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stock split, stock research
Begin Part 2 of 2
THE PLAYS:
Good movers: The puts were of course screaming. BAC; AZO; JCI; JPM
BONUS PLAYS:
Upside:
IGI (Imagistics International--$21.10; +0.20; optionable): Business equipment
http://biz.yahoo.com/p/i/igi.html
STATUS: Flying plateau. A new issue in December 2001, IGI has performed well, forming a small saucer base, then an ascending wedge that it broke out of, and now it is consolidating that move with the flying plateau. That is a short, flat, tight consolidation on top of a breakout. Money flow is excellent and accumulation weeks led distribution weeks in the wedge 4 to 2. Good accumulation and holding pu well. New issues are performing better.
Volume: 50.9K Avg Volume: 74.772K
BUY POINT: $21.41 Volume=115K Target=$26 Stop=$19.91
POSITION: IGI AW - Oct. $17.50 call (81 delta) and/or stock
http://www.investmenthouse.com/cs/igi.html
Downside:
FO (Fortune Brands--$51.77; -2.08; optionable): Consumer products
http://biz.yahoo.com/p/f/fo.html
STATUS: Put. Forming a head and shoulders after topping out in May. It has fallen to 52, bounced to test the 50 day MVA at 53.75, and it back down at 52. It has been a strong performer, but its pattern shows a weak right shoulder, indicating the break below 32 could be quick to the downside.
Volume: 642.4K Avg Volume: 610.09K
BUY POINT: $51.45 Volume=700K Target=$48 Stop=$54.50
POSITION: FO UL - Sept. $60 put (-73 delta)
http://www.investmenthouse.com/cs/fo.html
Revisited:
CHRZ (Computer Horizons--$4.65; +0.13; no options):
http://biz.yahoo.com/p/c/chrz.html
STATUS: Tapped the 18 day MVA on the low (4.40) and rallied on rising, above average volume in a very weak market. Ready to move more in any kind of market recovery.
Volume: 126.7K Avg Volume: 104.636K
BUY POINT: $4.55 Volume=160K Target=$6.45 Stop=$4.10
POSITION: - Stock
http://www.investmenthouse.com/cs/chrz.html
PRE-ANNOUNCEMENT
OTRKB (Oshkosh Truck--$59.8; +1.05; no options): Forecast to announce a split on 7-25-02 before the market opens in conjunction with earnings.
BACKGROUND: Last announce a 3 for 2 split on 7-26-99 in conjunction with earnings. The stock price was $55. The annual shareholder meeting was on 2-8-02 at which time no additional shares were authorized. The company has sufficient shares for a 3 for 2 or 2 for 1 split.
http://biz.yahoo.com/p/o/otrkb.html
STATUS: Cup w/handle. Tested the 50 day MVA on the low (58.41) on low volume and rebounded. Looked strong in a weak market. Ready for the next rally higher to break it out.
Volume: 74.7K Avg Volume: 90.318K
BUY POINT: $62.55 Volume=135K Target=$78.55 Stop=$57.55
POSITION: Stock (no option chain)
http://www.investmenthouse.com/cs/otrkb.html
CHBS (Christopher Banks--$42.47; -1.02; optionable): Forecast to announce a split on 7-17-02 in conjunction with a board meeting or on 7-31-02 in conjunction with its annual shareholder meeting. The company will not confirm the board meeting date, but based upon our research this is the date for the meeting.
http://biz.yahoo.com/p/c/chbs.html
BACKGROUND: Last announced a 3 for 2 split on 11-14-01 in conjunction with a board meeting. The stock price was $38.76. The annual shareholder meeting is scheduled for 3:00 CT on 7-31-02 at which time no additional shares were authorized. The company has sufficient shares for a 3 for 2 split.
STATUS: Ascending wedge. Reversed from the breakout attempt after Tuesday's tombstone doji. Tested the 18 day MVA on the low (41.55) and then rebounded. Volume was up a hair. Not bad action for the session, and we look for the stock to rally again in the next market bounce.
Volume: 604.6K Avg Volume: 361.181K
BUY POINT: New positions: $44.05 Volume=606K Target=$52.35 Stop=$39.50
POSITION: URH IG - Sept. $35c (81 delta) and/or stock
http://www.investmenthouse.com/cs/chbs.html
PRE-SPLITS BEST PLAYS: Remember, we try to grab Pre-Splits as they break out of good patterns or as they start a run right before the split. Not looking for home runs, but looking for those $3 to $4 moves running into the split, watching for topping signs and potential resistance. Not huge money, but it can be very steady. We set our initial stops at the 7-8% range below the purchase price (or just below obvious support), and move them up on a move to preserve our profits.
Upside:
ACMR (A.C. Moore--$45.99; +0.4; no options): Splits 2:1 on 8-1-02
http://biz.yahoo.com/p/a/acmr.html
STATUS: Gapped higher and then sold back on the session as volume rose. May suffer some selling back here toward 45, but very moderate action in a bad market. Still like it and are still looking for new positions.
Volume: 251.7K Avg Volume: 101.09K
BUY POINT: New positions: Aggressive: 46.10. Breakout: 48.05 (original buy point $44.29). Volume=100K Target=$48.55 (initial). Breakout: 48.01. Stop=$41.75
POSITION: Stock (no option chain)
http://www.investmenthouse.com/cs/acmr.html
ANFI (American National--$15.07; -1.2; no options): Splits 5:4 on 7-19-02
http://biz.yahoo.com/p/a/anfi.html
STATUS: Gapped higher and reversed to close on the 18 day MVA. Volume backed off. Don't like the double peak here, but need to give is a chance to continue.
Volume: 98.6K Avg Volume: 74.045K
BUY POINT: $16.04 Volume=100K Target=$19.25 Stop=$14.74
POSITION: Stock (no option chain)
http://www.investmenthouse.com/cs/anfi.html
POST-SPLIT
WERN (Werner Enterprises--$20.52; +0.52; optionable):
http://biz.yahoo.com/p/w/wern.html
STATUS: Still in the cup with handle, showing a doji today above the 18 day MVA on rising, above average volume. A breakout puts it at a new high. Good accumulation in a good pattern. Held up very well today in a bad market.
Volume: 413K Avg Volume: 396.5K
BUY POINT: $21.85 Volume=600K Target=$26.65 Stop=$20.32
POSITION: QEH KD - Nov. $20 c (83 delta) and/or stock
http://www.investmenthouse.com/cs/wern.html
WATCHLIST/ CONTINUING
On Tuesday, Thursday and Saturday we provide full comments on each continuing play.
We have put all plays in a summary table that contains the date the stock was put on the report (so you can go back and check out the details of the play) and the other pertinent information. This provides more information than the watchlist summaries and still contains comments when appropriate. VIEW THIS IN COURIER NEW, 12 FOR BEST RESULTS. You can also easily print the table from the website (www.investmenthouse.com) from the 'current reports' section. If you just want to print the table you can cut and paste it to a word document setting the font to Courier New size 12. Just left click on the beginning of the table and drag to the table end. After selecting, right click and select 'copy.' Paste into your word processor. Select it all and choose Courier New, font size 12.
Stock Date Play Close +/- Pivot Tgt Vol AvgV Stop
ABY 06/25 Flat 8.87 -0.24 9.55 11.5 257K 275K 8.55
ACDO 07/05 Put 41.5 -1.5 44.5 40.15 700K 773K 47.50
ACMR 07/02 PreSplt 45.99 +0.4 44.29 48.55 252K 101K 41.75
ANFI 07/08 PreSplt 15.07 -1.2 16.04 19.25 64K 75K 14.74
AXP 06/19 Put 34.83 -1.33 37.75 34.05 6.3M 4.9M 41
AZO 07/05 Put 72.11 -1.54 76.75 72.25 1.2M 1.1M 79
BAC 06/11 Put 68.1 -2.14 69.9 65 8.1M 6.1M 73
BBBY 06/27 BO 32.66 -2.62 37.85 45.45 8.8M 3.1M 35.25
BGEN 07/01 H&S 35.27 -1.51 38.25 32.25 4.9M 4.7M 42.15
BLI 06/11 Test BO 18.1 -0.55 18.5 22 881K 723K 17.30
BPOP 06/15 cup hdl 32.2 -0.29 32.35 36.5 127K 115K 30.50
C 06/29 Put 36.55 -1.02 38.6 34.75 23M 14M 41.15
CHBS 06/29 A Wedge 42.47 -1.02 43.58 52.35 605K 361K 39.50
CHRZ 07/02 Test BO 4.65 +0.13 4.55 6.45 127K 105K 4.10
CHRZ 04/16 A Wedge 4.65 +0.13 4.2 5.9 127K 105K 4.10
CHS 05/11 Test 50 34.56 +0.01 37.35 43.98 849K 752K 35.95
CLDN 06/26 Test BO 12.2 -0.03 12.93 15.15 66K 100K 11.50
CLE 07/09 cup hdl 21.45 -0.69 23.15 27.85 125K 214K 21.45
COCO 06/26 Test 18 31.51 -1.67 31.35 37.25 1M 467K 29.16
COCO 06/20 cup hdl 31.51 -1.67 29.59 35.55 1M 467K 27.25
CYMI 06/25 H&S 27.95 -1.99 32.95 25.55 2.3M 1.6M 37
DNR 05/21 cup hdl 9.04 -0.47 9.56 12 247K 107K 8.89
EDMC 06/22 cup hdl 39.27 -0.47 42.05 53 144K 252K 39.50
EME 06/26 Put 55.36 -1.63 55.75 49.85 86K 97K 58.50
ERES 06/18 PreSplt 20.3 -0.32 23.06 26 131K 131K 21.20
ESRX 07/05 Put 46.42 +0.45 49.45 44.85 1.8M 2.2M 51.50
ETM 07/08 Put 42.3 -1.7 45.15 41.55 449K 307K 48
FITB 05/25 Put 66.42 -0.34 66.1 62.62 2.9M 2M 68
FNF 07/09 Put 27.51 -0.89 28.19 25 1M 542K 30
FO 07/10 Put 51.77 -2.08 51.45 48 642K 610K 54.50
FOE 06/01 A Wedge 28.33 -0.98 30.34 35 167K 222K 28.50
GB 05/28 Put 23.5 -1.01 24.9 21.3 168K 88K 23.16
GISX 06/24 A Wedge 19.18 +0.38 20.85 25.48 103K 155K 18.25
GLYN 05/18 BO 20.05 -0.9 20.66 24 403K 183K 19.12
GOSHA 07/09 cup hdl 42.39 -1.56 45.95 55.25 24K 34K 42.73
HET 06/08 Put 43.42 -1.05 45.5 40 870K 1.2M 47.25
HUG 06/18 BO 42.09 -0.89 43.09 52 113K 184K 39.50
IGI 07/10 Flat 21.1 +0.2 21.41 26 51K 75K 19.91
IRN 07/08 BO 11.89 +0.14 12.05 14.74 30K 68K 10.45
IVGN 07/01 Put 28.18 -1.09 28.65 23.55 962K 1.1M 32.55
JAH 06/19 BO 19 +0.06 19.05 23.5 126K 76K 17.25
JCI 07/09 Put 78.8 -1.71 80.11 76.05 637K 472K 85
JILL 06/22 PreSplt 27.22 +0.46 34.8 39.96 429K 276K 33.25
JPM 06/29 Put 30.15 -1.12 33.2 29.25 8.9M 8.1M 34
KSWS 06/18 PreSplt 24.03 -1.46 48.25 52.5 126K 89K 44.50
MANT 07/03 Cup 23.09 -0.66 24.25 29.25 157K 94K 21.92
MAR 06/12 Put 34.77 -1.23 38.25 34 3.5M 950K 41
METHA 07/05 cup hdl 11.26 -0.6 12.96 15.55 67K 226K 11.95
MHP 06/18 Put 56.17 -1.58 59.55 56 631K 610K 61.25
MMC 06/25 Put 42.89 -3.6 46.62 44.5 3.5M 1.1M 48.50
MMSI 06/22 cup hdl 17.49 -0.56 19.5 23.4 198K 185K 18.14
MNTR 06/15 Put 34.87 -1 35.95 32.2 212K 120K 38
MYE 07/08 PreSplt 16.01 -0.48 17.85 21.55 17K 48K 16.25
NCR 06/24 Put 31.64 -1.98 35.25 31.15 684K 557K 38
NYT 06/19 Test BO 48.49 -1.56 51.1 61 780K 565K 47.80
OTRKB 07/09 cup hdl 59.8 +1.05 62.55 78.55 75K 90K 57.55
OVRL 07/06 cup hdl 13.5 -1.92 16.85 20.45 388K 163K 14.45
OVTI 06/24 BO 11.55 -2.23 14.55 19.48 1M 353K 12.85
PHM 05/25 Flat 51.93 -1.62 55.95 67.45 674K 685K 52.03
PNRA 06/17 PreSplt 31.62 +0.1 35.08 38.38 453K 491K 32.62
QCOM 06/05 Put 26.41 -1.12 31.5 25 12M 15M 33.50
RF 04/16 A Wedge 34.35 -0.71 34.96 40.5 631K 490K 34
RML 07/02 Flat 17.42 -0.43 19.37 23.25 80K 144K 18.01
ROOM 07/05 Put 42.5 -2.33 44.35 38.85 540K 924K 46.25
THC 07/03 Put 45.76 -1.72 47.5 44.05 3.7M 1.8M 49.50
TKR 05/25 Put 21.94 -0.86 23.4 19 231K 283K 25.60
TRBS 06/20 cup hdl 30.59 -1.12 34.18 41.02 21K 64K 31.68
TRI 07/03 Put 39 +0.24 41.49 37.25 747K 875K 43
URBN 06/29 Test 50 32.59 -1.82 35.55 42.75 219K 263K 31.75
WB 05/08 Test 50 35.15 -1.32 38.97 45 4.3M 2.7M 36.45
WEN 06/25 Test 18 37.99 -0.72 40.05 48 1.1M 934K 39
WEN 06/01 BO 37.99 -0.72 38.6 44 1.1M 934K 36.90
WERN 07/02 cup hdl 20.52 +0.52 21.85 26.65 413K 396K 20.32
WHI 07/05 PreSplt 22.59 -0.24 21.31 24.25 90K 86K 19.82
WM 05/08 Test 18 34.63 -1.72 38.8 44 4.9M 3.5M 37
ZQK 07/09 BO 26.55 -0.25 27.11 32.55 503K 255K 24.25
ZQK 06/12 Test BO 26.55 -0.25 27.1 32 503K 255K 25.20
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 split
stock research
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