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us stock market, stock split
Begin part 4 of 4
Continuing Leader Plays: New buy point.
Play Date: 04/29/2004
ALOG (Analogic Corp.--$47.88; -0.02; no options): Scientific & technical instruments
http://biz.yahoo.com/p/a/alog.html
STATUS: Cup w/handle. Still working on low volume on a 5 week handle to its 7 month base. Solid 8 to 5 accumulation in the pattern and money flow surging higher ahead of price. This has been taking its time, ignoring the market selling as it forms up. Just being patient and letting it set up and make the breakout to follow the surging money flow.
Volume: 55.975K Avg Volume: 105.818K
BUY POINT: $50.28 Volume=159K Target=$57.85 Stop=$48.05
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/alog.html
Play Date: 04/27/2004
MSSN (Mission Resources--$4.56; +0.50; no options): Oil and gas
http://biz.yahoo.com/p/m/mssn.html
STATUS: Nice volume Tuesday as MSSN jumped off the 18 day EMA (4.10) test. Money flow is surging ahead of price and relative strength is breaking out as well. Looks ready to resume its breakout run.
Volume: 694.794K Avg Volume: 454.454K
BUY POINT: $4.74 Volume=615K Target=$5.75 Stop=$4.41
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/mssn.html
Play Date: 02/10/2004
SPAB (Spacehab--$4.49; -0.03; no options): Space habitats
http://biz.yahoo.com/p/s/spab.html
STATUS: Cup w/handle. After a nice move SPAB is forming a handle to its new 8 week base. Money flow continues to move higher ahead of price, and excellent 4 to 0 accumulation in the base. Very nice.
Volume: 42.201K Avg Volume: 188.727K
BUY POINT: New: $4.68 (orig. $3.49) Volume=451K Target=New positions: 5.85 (orig. $4.35) Stop=$4.35
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/spab.html
PRE-ANNOUNCEMENT PLAYS
Current Pre-Announcement Plays: In each report we look at the candidates that are in the best patterns ahead of their potential announcements. This focus on leaders in good patterns allows us to make good money even if companies do not announce the split, something that they are still gun-shy of even after the market has made a good recovery as well as the economy. The key with splits now is in the pattern; yes there is a positive move on the announcement, but stocks in this market need to have a good pattern of accumulation to really benefit from a split announcement.
AGN: Researching the next date.
APOL: Forecast 6-12-04 before the open.
BIO: Forecast 5-6-04 after the close.
BMET: Researching next date. Big volume as it broke below the 50 day.
CHS: Forecast 5-27-04 after the close. Low volume rally up to test the break through the 50 day EMA.
CRL: No announcement 4-28-04, but holding up well for the next move.
CWTR: Forecast 5-26-04.
DGX: No announcement 4-22-04 but continues to hold up well, setting up for the breakout.
ESRX: Forecast 5-26-04 with its shareholder meeting.
FWRD: No announcement 4-27-04. Still holding up with a test of the 18 day EMA.
GTK: Forecast 6-18-04.
HUG: Forecast 5-25-04 after the close.
IDXX: Researching next date. Very nice lateral move testing the breakout over the 18 day EMA.
LM: Forecast 5-4-04. No split announcement yet as it continues to hang near the 50 day EMA.
LXK: Researching the next split date as it tests the 50 day EMA.
MBG: Broke down below the 50 day EMA.
PDCO: Mid-May, 2004.
POOL: Forecast 5-6-04 in conjunction with the shareholder meeting.
QCOM: Forecast 5-3-04 with a board meeting. No announcement but good recovery over the 50 day EMA.
RS: Forecast 5-19-04.
SONC: Announced its split Friday but continues struggling below the 50 day EMA.
STJ: Researching the next date, but looks excellent with its 7 week cup with handle base.
STN: Looking for next date. Broke the 18 day but is rebounding at support.
STRA: Reversed the move Tuesday but still holding the break on lower trade.
UOPX: Forecast 6-24-04 before the open.
VAR: Did not announce with earnings, and it is struggling to hold the 50 day as volume has really turned choppy. Needs to settle down and then start the move again.
WFMI: Forecast 5-5-04 after the close.
ZBRA: Has turned very volatile after announcing earnings but no split on 4-28.
ZMH: No split announced 4-26-04. Holding the 18 day EMA still but it has lost its momentum for now.
Full Write-ups: We do not cover all candidates in full in each report, but focus on those ready to make a move or are right at their forecast announcement date. This way we are focused on those stocks ready to make moves.
Continuing Pre-Announcement Plays:
Play Date: 05/01/2004
HUG (Hughes Supply--$56.04; +0.04; optionable): Plumbing Supply. Forecast to announce a split 5-20-04 at 10:00 ET annual shareholder meeting or on 5-25-04 after the close in conjunction with earnings.
BACKGROUND: Last split 3:2 on 7-17-97 at a price of $39.50
http://biz.yahoo.com/p/h/hug.html
STATUS: Breakout test. Holding up very well at the 18 day EMA on average volume as it tests the huge breakout two weeks back. Very solid action, and looking for a turn back up from here on volume.
Volume: 217K Avg Volume: 195K
BUY POINT: $56.88 Volume=314K Target=$65 Stop=$54.88
POSITION: HUG GK - July $55c (59 delta) &/or Stock
http://www.investmenthouse.com/cs/hug.html
Play Date: 04/26/2004
ORLY (Oreilly Automotive--$44.62; +0.07; optionable): Auto parts stores. Forecast to announce a split 5-4-04 in conjunction with its annual shareholder meeting
BACKGROUND: Last announced a 2 for 1 split on 11-8-99 at a stock price of $45. The annual shareholder meeting is scheduled for 5-4-04 at 10:00 EST. at which time no additional shares will be authorized. The company has sufficient shares for a 2 for 1 split.
http://biz.yahoo.com/p/o/orly.html
STATUS: Breakout test. No split announced Tuesday, but still very solid. Coming back to test the breakout last week, easing back on lower volume as it holds most of the gain. May pull on back to 44 before resuming the move, but showed a nice tight doji on rising, above average volume Tuesday, and that can indicate a move back up is ready to start.
Volume: 577.165K Avg Volume: 323.045K
BUY POINT: $45.62 Volume=450K Target=$52 Stop=$43.45
POSITION: OQR HI - Aug. $45c (60 delta) &/or Stock
http://www.investmenthouse.com/cs/orly.html
Play Date: 04/09/2004
SCSC (Scansource--$54.8; -0.23; optionable): Wholesale computers. No split announced in April, but an excellent test of the base.
BACKGROUND: Split 3:2 in January 2003 at a price of $55.
http://biz.yahoo.com/p/s/scsc.html
STATUS: Breakout test. Excellent break higher last week and now a nice, low volume test. Money flow remains excellent, and we are looking for a resumption of the move to break it further out of the 15 week base.
Volume: 205.029K Avg Volume: 127.409K
BUY POINT: $56.36 Volume=175K Target=$65 Stop=$52.41
POSITION: UHI FK - June $55c (54 delta) &/or Stock
http://www.investmenthouse.com/cs/scsc.html
Play Date: 05/01/2004
UOPX (University of Phoenix Online--$86.34; -0.17; optionable): Education and training. Forecast 6-24-04 before the open in conjunction with earnings.
BACKGROUND: Last announced a 4 for 3 split on 4-5-02 at a stock price of $38.95. The company has sufficient shares for a 2 for 1 split.
http://biz.yahoo.com/p/u/uopx.html
STATUS: 50 day EMA test. Still holding tight at the 50 day EMA as it tests the rally. Just being patient and waiting for a volume move through the next buy point.
Volume: 212.564K Avg Volume: 184.863K
BUY POINT: $90.25 Volume=285K Target=$103 Stop=$89.12
POSITION: UBY IR - Sept. $90c (44 delta) &/or Stock
http://www.investmenthouse.com/cs/uopx.html
PRE-SPLITS
Play Date: 04/29/2004
BCR (C.R. Bard--$107.2; +0.03; optionable): Medical instruments. Splits 2 for 1 on 6-1-04.
http://biz.yahoo.com/p/b/bcr.html
STATUS: Breakout test. Still testing the breakout, holding the 10 day EMA (106.47) with a tight doji. Volume has started higher, moving back above average as it holds this near support. Strong money flow and relative strength. Just need to see it make the move on strong volume.
Volume: 473.6K Avg Volume: 369.136K
BUY POINT: $107.25 Volume=600K Target=$120 Stop=$103.22
POSITION: BCR GA - July $105c (62 delta)
http://www.investmenthouse.com/cs/bcr.html
Play Date: 04/29/2004
DNA (Genentech--$121.3; -1.15; optionable): Biotechnology. Splits 2 for 1 on 5-13-04
http://biz.yahoo.com/p/d/dna.html
STATUS: Breakout test. Holding the 10 day EMA (120.89) as continues the below average volume test. Just being patient and waiting for the pre-split run to kick in and for price to follow that tremendous money flow.
Volume: 2.503M Avg Volume: 2.832M
BUY POINT: $123.25 Volume=4M Target=$133.45 Stop=$118.25
POSITION: DWN IE - Sept. $125c (53 delta)
http://www.investmenthouse.com/cs/dna.html
Play Date: 05/01/2004
IEX (Idex--$47.58; -0.08; optionable): Machinery. Splits 3:2 on 6-1-04
http://biz.yahoo.com/p/i/iex.html
STATUS: Breakout test. Still working laterally over the 10 day EMA (46.88) after jumping higher two weeks back on solid trade, running to 48.60 on the high. Held its gains as the market sold off, moving laterally as money flow continues to run higher ahead of the stock. Excellent relative strength. Just waiting for the next jump higher on strong trade.
Volume: 150.5K Avg Volume: 138.59K
BUY POINT: $47.78 Volume=218K Target=$53 Stop=$46.32
POSITION: IEX GI - July $45c (82 delta)
http://www.investmenthouse.com/cs/iex.html
POST-SPLITS
Play Date: 04/27/2004
CNC (Centene--$33.17; -0.13; no options): Health care plans
http://biz.yahoo.com/p/c/cnc.html
STATUS: Cup w/handle. Just being patient and letting CNC complete its handle in the 227 week base. Holding up well over the 18 day EMA (32.78) as it forms the handle. Super money flow continues to surge higher, and we are just waiting for the breakout.
Volume: 168.3K Avg Volume: 118.227K
BUY POINT: $34.68 Volume=166K Target=$40 Stop=$32.25
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/cnc.html
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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us stock market
stock split
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