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stock watch, stock trading information
Begin Part 2 of 3
DGX (Quest Diagnostics--$64.30; -0.40; optionable): Health services. Splits 2:1 effective June 1.
http://biz.yahoo.com/p/d/dgx.html
STATUS: The stock made a move on the split last Friday and Monday, hitting up to an intraday high of 70.15 the day after the split, but on the pullback the stock has held on very well. It has found the 10 day MVA (63.67), and has held over that level with consecutive dojis on decreasing volume (232,300 Friday; average 377,500). DGX broke from a cup with handle in May, and made the most recent move after testing that breakout. It still looks strong, so we will look for another move up off of these dojis.
PLAY: Aggressive A move over 65 on increased volume near the average, with stock and/or August $60 calls to buy (DGX HL). Safer A move over 67.50 on increased volume near the average, with stock and/or August $65 calls to buy (DGX HM under 100 open interest).
PKI (Perkinelmer--$36.10; +0.05; optionable): Technical Services. Split 2:1 6-4-01.
http://biz.yahoo.com/p/p/pki.html
STATUS: Another stock that showed some immediate strength post-split, and after a modest pullback the last few sessions the stock looks poised for a move. It broke from a tight pennant pattern handle to a cup pre-split, and now is trying to form an ascending wedge over that pattern. Again, that is a bullish combination. The stock moved up from its 50 day MVA (33.76) going into the split on its last move, and now looks to have caught support at its 10 day MVA (35.70). Volume has dipped as the stock price did the same, coming in at 358,900 (average 642,000) on Friday's doji. Looking for a move back up toward Tuesday's high of 38.27, from which the stock pulled back after just eclipsing its May high at 38.13.
PLAY: Aggressive A move over 37 on increased volume near the average, with stock and/or September $35 calls to buy (PKI IF). Breakout Over 38.25 on above average volume, with stock and/or September $35 calls to buy (PKI IG).
FIC (Fair Isaac--$52.15; -0.20; no options): Split 3:2 effective June 5.
http://biz.yahoo.com/p/f/fic.html
STATUS: Business services. The stock has made a great run for us since breaking out from a cup with handle in January back in the 35 range. It formed another cup with handle over that original base, then on a breakout from there it made a flying plateau, from which it broke on a pre-split move. We give you this history to understand the stock has moved a long way in a relatively short time, but has done so in an orderly fashion. We are cautious with moves on a stock that could be extended, especially post-split, but FIC is again looking good here and could make a nice short-term play. Since its solid move going into the split, it has gently pulled back on decreasing volume (41,500 Friday; average 86,800), showing four consecutive dojis as it eases toward its 10 day MVA (51.60), which it has tapped at its low each of the last three sessions. From this support we will look for a move back up and over the high of 53.33. Still shows excellent relative strength and money flow.
PLAY: A move over 53.33 on increased volume near the average. Stock only.
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PRE-ANNOUNCEMENTS REMAINING PLAYS
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CHBS (Christopher & Banks--$38.38; +0.07; optionable): Forecast to announce a split on 6-21-01 in conjunction with earnings.
http://biz.yahoo.com/p/c/chbs.html
BACKGROUND: Last announced a 3:2 stock split on 1-17-01 at a price of $34. Before that CHBS also had 3:2 splits in July of 2000 at $35 and in December 1999 at $26.
STATUS: CHBS is just trying to hold onto its 50 day MVA (38.07), Friday trading around that level before closing just over its. Volume dipped back from the huge levels we saw Thursday on the stock's gap down and recovery as retailers had a rough day. However, it is holding on, and we will see if the stock can try to recover going into the split. Still not a play for Friday.
BMET (Biomet--$45.26; -1.44; optionable): Medical equipment. Forecast to announce a split with a board meeting 6-29-01.
http://biz.yahoo.com/p/b/bmet.html
BACKGROUND: Last announced a 3:2 split on 7-6-00 at a stock price of $29. The annual shareholder meeting was on 9-16-00 at which time no additional shares were authorized. The company has sufficient shares for a 2:1 split.
STATUS: After breaking out again Tuesday the stock made a mad dash upward Thursday, hitting a high of 48.75 before pulling back hard. Off of that obvious topping sign (tombstone doji), the stock predictably pulled back Friday. It closed just below the 10 day MVA (45.44), dropping on lower volume of 1.2 million (average 1.83 million). The stock has been strong, breaking from a large ascending wedge and then a smaller version, but we will see now if it can hold support (18 day MVA at 44.70), perhaps consolidating again for a move up going toward the announcement at the end of the month.
BUY POINT: We will see where it catches support; if it can hold the 18 day MVA, we will look for a move back over 47 on above average volume.
POSITION: Stock and/or October $45 calls to buy (BIQ JI).
CEFT (Concord EFS--$52.61; +0.28; optionable): NEW INFORMATION Forecast to announce a split on 7-25-01 in conjunction with earnings. At this time the company cannot confirm this date, but based upon our research this is the date for the release.
http://biz.yahoo.com/p/c/ceft.html
BACKGROUND: Last announced a 3:2 split on 8-26-99 at a stock price of $37. Prior to that announced a 3:2 split on 5-14-98 in conjunction with its annual shareholder meeting. The annual shareholder meeting is scheduled for 5-24-01 at 9:30 am CST at which time additional shares will be authorized.
STATUS: Broke out Thursday from a lateral consolidation it had formed after breaking from an ascending wedge and then a larger cup pattern (from early March, with highs at 50). It followed up with a doji on lower volume (2.28 million; average 3.8 million), which could indicate a drop back to test the break. However, we will continue to watch for a possible continuation of the move. Relative strength has broken out, and buying is solid.
BUY POINT: From here A move up from here on above average volume. Pullback A move up after holding the 51-51.50 range (10 day MVA at 50.86, pivot point was 51.50), looking for increased volume near the average.
POSITION: From here Stock and/or September $50 calls to buy (EQF IJ). Pullback Stock and/or September $45 calls to buy (EQF II).
FISV (Fiserv--$55.21; -1.00; optionable): We are working on a date.
http://biz.yahoo.com/p/f/fisv.html
BACKGROUND: Last announced a 3:2 split on 3-25-99 in conjunction with its annual shareholder meeting. The stock price was $52. FISV's last two splits were announced in conjunction with its annual shareholder meeting. The company currently has sufficient shares for a 2:1 split.
STATUS: FISV is trying to make its way back up after having tested its breakout from a cup with handle (formed out of a large descending wedge). However, it is experiencing some volatility, Friday gapping up but pulling back intraday to close just over its 18 day MVA (55.08). It is forming a pennant here, so we will see if it can hold here and make a run back up. We will be interested in seeing some volume come back into play, as it has been very low on recent moves (up to 598,400 Friday; average 1.46 million).
BUY POINT: A move over 58 on above average volume.
POSITION: Stock and/or September $55 calls to buy (FTQ IK).
ADVP (Advancepcs--$63.64; -0.07; optionable): Health services. We are working on a date for this one.
http://biz.yahoo.com/p/a/advp.html
BACKGROUND: Last announced a 2 for 1 split on 10-12-99 at a stock price of $50. The annual shareholder meeting was on 12-7-00 at which time no additional shares were authorized. The company does not have sufficient shares for a 2 for 1 split, but does have sufficient shares for a 3 for 2 split.
STATUS: ADVP has been trending up this year, and has recently dipped back below its short-term MVA's (10 day at 62.97) to visit the 50 day MVA (59.03). The stock moved up from that level last week, and tapped it at its low today before recovering. Volume has come back into the picture the last couple of days, so we will see if the stock can hold over the 10 day and try a move up toward the high of 68.59. The stock had been plagued with low volume on the moves up throughout May, so we will look for solid volume supporting the move up.
BUY POINT: Aggressive A move over 65.30 on continued strong volume (1.14 million Friday; average 950,800).
POSITION: Stock and/or June $60 calls to buy (QVD FL).
FDC (First Data--$67.00; 0.00; optionable): Working on a forecast date. Earnings were announced on 4-12-01.
http://biz.yahoo.com/p/f/fdc.html
BACKGROUND: Last split was a 2 for 1 on 11-18-96 at a stock price of $80. The annual shareholder meeting was on 1-11-01 at which time authorized shares were increased. The company has sufficient shares for a 2:1 split.
STATUS: FDC might have found solid support at the 10 day MVA (66.72) after pulling back Wednesday from the range of its high (68.76). The stock has shown consecutive loose dojis, Friday a bullish shooting star with increased volume near the average (1.67 million; average 1.7 million). Holding here would be encouraging as the stock has visited the 64 range on its last two pullbacks (the high in the left side high in its former saucer pattern). The stock has failed the last three attempts at a new high.
BUY POINT: Breakout A new high on increased volume.
POSITION: Stock and/or August $65 calls to buy (FDC HM).
PRE-SPLITS REMAINING PLAYS: With these stocks we keep an eye out, waiting for the start of a pre-split run.
New Pre-Split Plays:
CAKE (Cheesecake Factory--$35.87; +1.12; optionable): Restaurant. Splits 3:2 effective 6-19-01.
http://biz.yahoo.com/p/c/cake.html
STATUS: Has been in a downtrend since November, and had steadily dropped since the beginning of May since its last move up. However, it found support at its March and April lows in the 32 range, and has made a decent move up in recent sessions. It is now at a critical juncture, just below the resistance of its 50 day MVA (36.07) and the downtrend from November, at 36.50. We will see if it can crack over that level with the momentum of going into the split. Care with stops.
PLAY: A move over 36.50 with above average volume (410,000; Friday down to 386,300), with stock and/or July $35 calls to buy (CFQ GG).
LNCR (Lincare Holdings--$62.95; -0.55; optionable): Health Services. Splits 2:1 effective 6-25-01.
http://biz.yahoo.com/p/l/lncr.html
STATUS: Made a nice breakout this week from its long consolidation range, and after hitting a high of 65.88 it has pulled back the last couple of sessions. The pullback has not been out of hand, however, coming on decreasing volume (down to 440,800 Friday; average 583,600) and holding at and above former highs in the pattern at 60-63 (10 day MVA at 60.58). We will look for LNCR to hold the 62 level, and catch a move back up on increased volume. We are looking for a move up near the 70 range.
PLAY: After holding support at the 62-63 level, a move up on increased volume, with stock and/or August $60 calls to buy (LQN HL).
DAKT (Daktronics--$29.24; +3.44; no options): Scientific & Technical Instruments. Splits 2:1 effective June 25.
http://biz.yahoo.com/p/d/dakt.html
STATUS: Has made an outstanding move since breaking from a cup with handle and subsequently testing that move in March and April at the 16 range. It reached a high of 32.36 before pulling back the last couple of weeks, dropping back rather abruptly from the 30 level Wednesday and Thursday. It found support at its 50 day MVA (25.10), and Friday rebounded from that level with a very nice move which came on volume that was sharply higher than the selling volume had been. It managed to close back over its short-term MVA's (10 day at 28.72), and we will see if the momentum can continue, although it is showing a lot of volatility. Good relative strength, money flow and buying.
PLAY: A move over 30 with continued strong volume (up to 176,500 Friday; average 73,400), with stock.
Continuing Pre-Split Plays:
LH (Laboratory Corp--$163.98; +1.57; optionable): Health Services. Splits 2:1 effective June 11.
http://biz.yahoo.com/p/l/lh.html
STATUS: Gave us an outstanding pre-split move, even extending it a bit Friday. The moves are showing the classic topping sign of smaller advances on decreasing volume, so we will look for a pullback with the split Monday, and see where the stock is able to find support. The April high is in the range of its 10 day MVA, at 153.02. No new positions.
JNJ (Johnson&Johnson--$102.01; -1.05; optionable): Drugs. Splits 2:1 effective June 12.
http://biz.yahoo.com/p/j/jnj.html
STATUS: Made a nice pre-split move, but pulled back off of Thursday's doji. The stock tapped near the 10 day MVA (100.63) at its low before recovering to close at the May high. One more day before the split, so we will see if it can hold and make a move back up for a play Monday. It has been strong, but as always we will be cautious on carrying a play through the split.
PLAY: Aggressive A move back up from here, with stock and/or July $100 calls to buy (JNJ GT).
SDS (Sungard Data--$58.02; +0.41; optionable): Announced a 2:1 split, effective June 18.
http://biz.yahoo.com/p/s/sds.html
STATUS: Suffered a downgrade and dropped out of its fine pattern (cup with handle) this week. The stock is holding its 50 day MVA (56.82) at the moment, closing each day over that level but testing 56 Friday (54 at its low Wednesday). We have seen consecutive dojis on that support, and we will look for a move back up, but we will have to see something significant before we are interested again. It is a strong stock, so we will see if it can weather this storm.
PLAY: Aggressive A move back over the 10 day MVA (59.41), with stock and/or July or October $55 calls to buy (SDS GK or SDS JK) to buy.
FRED (Fred's--$28.60; +0.05; no options): Retail. Splits 2:1 effective 6-19.
http://biz.yahoo.com/p/f/fred.html
STATUS: The stock broke from a cup in May, but after falling back from that move and testing its 50 day MVA (25.58), the stock has recovered and is making a move up along its short-term MVA's (10 day at 27.85). It made a move that took it as high as 30.20 before pulling back, but after catching support at the 10 day it is trying another move. The stock tested the 10 day at its low Friday before showing a perfect doji at the top of the wick on the candlestick. We could get another test of the 10 day, but we will keep looking for a move up toward the recent high.
PLAY: Pullback A move up after another test of the 10 day MVA. From here Over 29, with stock.
SHFL (Shuffle Master--$32.25; +0.50; optionable): Manufacturing. Splits 2:1 effective June 19.
http://biz.yahoo.com/p/s/shfl.html
STATUS: Asserting itself again after testing and holding its 50 day MVA (28.15), pushing back over its 10 day MVA (31.36) Thursday. Friday saw the stock gap up slightly but close with a doji as volume dropped way off (165,100; average 287,700). The pattern indicates a drop back, but we will look for it to hold the 10 day and make a strong move back up from there. The high is 34.95. Money flow and relative strength are making recoveries.
PLAY: After holding the 10 day MVA on a pullback, a strong move up from that level, with stock and/or August $25 calls to buy (SFQ HE low open interest).
FCEL (Fuelcell--$78.17; -4.08; optionable): Splits 2:1 effective June 20.
http://biz.yahoo.com/p/f/fcel.html
STATUS: Had been edging up, but reversed in Friday's market. Volume was down on a day of generally low volume (546,400; average 848,500), and the stock held support to close (18 day MVA), but closed near the day's low. We will see if it can hold this key support (also represents the high in the left side of the stock's former cup pattern), with the high in the former handle below at 75. The recent high is 93.44, with Thursday's high having reached 84.
PLAY: Aggressive After holding here, a move back over 80, with stock and/or July or October $75 calls to buy (FQG GP or FQG JP).
ESRX (Express Scripts--$103.53; -3.89; optionable): Splits 2:1 effective on or about June 22.
http://biz.yahoo.com/p/e/esrx.html
STATUS: ESRX has made a great move since its split announcement, and hit as high as 108.03 Thursday. Friday it reversed course, testing all the way back to the 10 day MVA at its low of 101, but it pulled back up to close. Unlike previous drops, this time the pullback was on strong, above average volume (788,900; average 818,700), so we will pay close attention and see if it can hold support and try another run.
PLAY: After showing it can hold support in the 101 range, a move back up on strong volume, with stock and/or August $95 calls to buy (XTQ HS).
FHCC (First Health Group--$50.57; -0.29; no options): The 2:1 split is effective June 25.
http://biz.yahoo.com/f/fhcc.html
BACKGROUND: Last announced a 2:1 split on 5-19-98 at a stock price of $29.57. The annual shareholder meeting was on 5-16-00 at which time no additional shares were authorized. The next annual shareholder meeting is scheduled for 5-22-01.
STATUS: Since breaking from a cup in April FHCC has been bouncing around a bit, but is now tightening up a bit. It is showing a bearish pattern at the moment, making lower highs while holding the 49 range at its low. The stock is trying to hold its short-term MVA's at the moment (10 day at 50.79), but dipped back below them to close Friday on increased volume (442,800; average 455,100).
PLAY: Aggressive A move back over 52 with above average volume, with stock.
End Part 2 of 3
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stock trading information
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