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us stock market, trade stock
Begin part 3 of 3
THE PLAYS
Good movers: CWTR; JOYG; SNDK; HRB
New Pre-Split Play:
Play Date: 08/25/2005
BJS (BJ Services--$60.36; -0.01; optionable): Oil and gas service company. Splits 2:1 on 9-2-05
http://biz.yahoo.com/p/b/bjs.html
STATUS: Test 50 day EMA. BJS broke out in late July from a 9.5 month base, rallying from 55 to 64. In the oil selling it faded back toward the 50 day EMA (57.90) and then moving laterally over that level the past week, bumping up against the 18 day EMA (60.34) as it does. It is moving toward its split, and we are looking at that along with a recovery in energy stocks from this pullback to send it higher and give us a nice gain.
Volume: 1.64M Avg Volume: 1.992M
BUY POINT: $60.78 Volume=2.4M Target=$66.95 Stop=$58.85
POSITION: BJS AL - Jan. $60c (56 delta) &/or Stock
http://www.investmenthouse.com/cs/bjs.html
Play Date: 08/25/2005
NBL (Noble Energy--$85.36; +0.1; optionable): Independent oil and gas. Splits 2:1 on 9-15-05
http://biz.yahoo.com/p/n/nbl.html
STATUS: Test 50 day EMA. Very similar to BJS, NBL is moving laterally along the 18 day EMA (84.69) after a test of the 50 day EMA (81.45) last week. After a solid run up the 18 day EMA, a pullback to test the 50 day EMA is very typical. Money flow is leading higher ahead of the stock, and after this quick test of the 50 day and consolidation on the 18 day EMA, NBL looks ready for another move higher. It can gobble up the real estate pretty quickly once it gets going. Want to see the volume move higher as it jumps through the buy point.
Volume: 633.2K Avg Volume: 852.352K
BUY POINT: $85.68 Volume=1.3M Target=$93.88 Stop=$84.52
POSITION: NBL KQ - Nov. $85c (55 delta) &/or Stock
http://www.investmenthouse.com/cs/nbl.html
Continuing Leader Play:
Play Date: 08/23/2005
MINI (Mobile Mini--$40.55; +0.05; optionable): Metal mobile buildings
http://biz.yahoo.com/p/m/mini.html
STATUS: Test 50 day EMA. Nice tight doji right on top of the 10 day EMA (40.24) as MINI tries to make a higher low after the test of the 50 day EMA (39.10) last week. Solid money flow is leading higher, and MINI looks ready to make its breakout move. To recap: MINI broke out from a 15 week cup with handle base in late July, surging over 44 on strong volume. Came back to the 50 day EMA on lower volume the past three weeks, and then volume rebounded early this week as it moved up off the 50 day. Strong 6 to 1 accumulation in the pattern (6 up price weeks on rising volume to 1 down price weeks on rising volume) shows plenty of buying as MINI consolidated, using the 200 day SMA (35.91) at the bottom. After the strong breakout it has fully tested the move. Money flow remains strong, and if it can continue showing the good volume we will be ready to move in as it continues higher through the buy point.
Volume: 56.726K Avg Volume: 95K
BUY POINT: $40.95 Volume=150K Target=$46.95 Stop=$39.69
POSITION: UAC KH - Nov. $40c (54 delta) or UAC BI - Feb. $45c (38 delta) &/or Stock
http://www.investmenthouse.com/cs/mini.html
Play Date: 08/20/2005
CMVT (Comverse Technology--$25.78; -0.01; optionable): Telecom processing systems
http://biz.yahoo.com/p/c/cmvt.html
STATUS: Test breakout. Another tight doji over the 18 day EMA (25.71) as CMVT continues to consolidate in a very tight, enticing lateral move. Volume crept higher this week as it holds support after breaking out from a 16 week ascending triangle. Looks super, and really like the volume that is picking up. To recap: CMVT broke out in early August on a strong volume shot, moving out of a 15 week ascending triangle sporting excellent 6 to 2 accumulation (6 up price weeks on rising volume to 2 down price weeks on rising volume). As the market sold back the past two weeks CMVT has held the 18 day EMA on nice low, below average volume. Friday volume bounced back close to average as CMVT showed a tight doji. Excellent action as it sets up for the next break higher to a 3.5 year high.
Volume: 1.327M Avg Volume: 1.818M
BUY POINT: $26.32 Volume=2.1M Target=$29.95 Stop=$25.55
POSITION: CQV AE - Jan. $25c (60 delta) &/or Stock
http://www.investmenthouse.com/cs/cmvt.html
PRE-ANNOUNCEMENT PLAYS
Current Pre-Announcement Plays: This is a list of stocks we are looking to announce splits. We are not in all of the potential splits plays but are letting them set up for the next move. 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. The key with splits is the pattern.
Dates: We are in the process of pinpointing dates for several of these leaders. As we glena more information we will include more specific dates, but with many, the pattern is good and we want to move in when they show us it is time to buy. That way we can enjoy a nice gain even as the stock sets up for the eventual announcement.
ANSI: Researching to pinpoint the date.
APA: Forecast 9-9-05. Moved off the 50 day, showing good volume Wednesday. If it continues it is a buy.
CETV: Tentatively forecast in mid-October.
CWTR: Announced its split Wednesday and surged today!
DNA: DNA continues its lateral move over the past 6 weeks.
GYI: Making a nice test of the move higher last week.
IEX: Researching to pinpoint date as IEX holds the 18 day EMA and tries to set up the next move higher.
KMG: No announcement in July with earnings; researching to pinpoint the date.
LLL: Tentatively forecast for late October.
LM: Did not announce on 7-21-05. Big doji with tale that tapped the 50 day EMA on the low. Not bad.
MRVL: No announcement last week but a leader we are not going to get rid of.
NX: Forecast 8-25-05. No announcement but reported incredible earnings that put it back up through the 50 day EMA.
USNA: Forecast mid-October.
WC: No announcement 8-3-05 and researching next date as it moves laterally in a tight range over the 18 day EMA.
WWY: Tentatively set for mid-December but like the pattern here.
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: 08/25/2005
AMHC (American Healthways--$43.34; -0.03; optionable): Specialized health services. Forecast late October
BACKGROUND: Last announced a 2:1 split 11-19-03 at $41.20. Prior to that a it announced a 3:2 split on 10-29-01 at $38.50.
http://biz.yahoo.com/p/a/amhc.html
After Hours: $43.34
STATUS: Test 50 day EMA. AMHC is making a higher low over the 18 day EMA (42.87) after a two week lateral move along the 50 day EMA (42.18). This is part of an 8 week lateral base consolidating the April through June move after breaking out from an 18 week base. Positive 3 to 2 accumulation in the pattern is setting up the breakout. Like the higher low after the move off the 50 day EMA Monday and Tuesday on strong, above average volume. Ready to move in as AMHC makes the break higher on a return to above average volume.
Volume: 156.23K Avg Volume: 385.34K
BUY POINT: $44.44 Volume=578K Target=$51 Stop=$42.77
POSITION: QMH BI - Feb. $45c (50 delta) &/or Stock
http://www.investmenthouse.com/cs/amhc.html
Play Date: 08/25/2005
CHRW (C.H. Robinson Worldwide--$61.02; +0.79; optionable): Air delivery & freight. Forecast late October; working to pinpoint the date.
BACKGROUND: Last announced a 2:1 stock split on 10-24-00 at a price of $51.
http://biz.yahoo.com/p/c/chrw.html
After Hours: $61.03
STATUS: 50 day EMA test. Volume is moving back above average as CHRW moves off the 50 day EMA (59.00). It broke out from an 18 week base in mid-May and rallied up the 18 day EMA (59.75). The 50 day EMA test after that kind of move is typical and a strong stock will resume the move after the test. The stronger volume on the bounce, money flow rising ahead of price, and relative strength ready for another breakout are strong indications CHRW is ready to make the next move.
Volume: 571.977K Avg Volume: 571.775K
BUY POINT: $61.33 Volume=765K Target=$68.95 Stop=$59.65
POSITION: CJQ BL - Feb. $60c (52 delta) &/or Stock
http://www.investmenthouse.com/cs/chrw.html
CONTINUING PRE-SPLIT PLAYS:
Play Date: 08/18/2005
VIVO (Meridian Biosciences--$25.5; +0.5; optionable): Diagnostic substances. Splits 3:2 on 9-6-05
http://biz.yahoo.com/p/v/vivo.html
STATUS: Breakout test. Volume was up Wednesday and Thursday it was above average as VIVO posted a gain but remains in its tight, lateral range. Money flow is moving higher and relative strength is breaking out ahead of the stock, a very bullish indication. It is ready to go now.
Volume: 157.632K Avg Volume: 126.608K
BUY POINT: $25.65 Volume=187K Target=$30.75 Stop=$24.22
POSITION: ZUG AE - Jan. $25c (53 delta) &/or Stock
http://www.investmenthouse.com/cs/vivo.html
CONTINUING POST-SPLIT PLAYS:
Play Date: 08/04/2005
AMX (America Movil--$22.42; +0.55; optionable): Wireless telecom
http://biz.yahoo.com/p/a/amx.html
STATUS: Test breakout. Still working laterally along the 18 day EMA (22.08) in its three week breakout test. Volume has started to edge higher again. Broke out in mid-June from a 16 week cup with handle and has run up the 18 day EMA. Nice money flow moving higher and relative strength is breaking out. Just looking for volume to kick higher as it moves through the buy point. Moved it up to clear the peaks that have formed in this consolidation.
Volume: 2.153M Avg Volume: 3.334M
BUY POINT: New: $22.75 (orig. $22.21) Volume=5M Target=$25.78 Stop=$21.54
POSITION: AMX KD - Nov. $20c (64 delta) &/or Stock
http://www.investmenthouse.com/cs/amx.html
Play Date: 08/13/2005
ATVI (Activision--$20.94; -0.13; optionable): Multimedia and graphics software
http://biz.yahoo.com/p/a/atvi.html
After Hours: $20.94
STATUS: Breakout test. Nice break higher Wednesday on above average volume then testing back on much lower trade Thursday. After this test it is ready to enter. To recap: ATVI jumped off the 18 day EMA (20.11) Wednesday. This follows a four week lateral move over the 18 day that is consolidating its breakout from a 23 week base in late July. Fell into a test of that move this month as the market sold back. ATVI did not give back the breakout at all, a sign of strength. Looks ready to continue on.
Volume: 1.704M Avg Volume: 2.193M
BUY POINT: New: $21.15 (orig. $20.05) Volume=2.8M Target=$24.45 Stop=$19.42
POSITION: AQV AD - Jan. $20c (51 delta) &/or Stock
http://www.investmenthouse.com/cs/atvi.html
Play Date: 08/24/2005
FTO (Frontier Oil--$31.18; -0.51; optionable): Oil and gas refining
http://biz.yahoo.com/p/f/fto.html
STATUS: Ascending triangle. Solid jump in trade to back above average Wednesday, and then a very low volume session as FTO slipped back to the 10 day EMA (30.94) Thursday. Still in a very nice base and ready to make the move higher. To recap: Nice volume Wednesday as FTO moved up off the 10 day EMA, making a higher low in a series of higher lows in its 7 week base. Using the 50 day EMA (29.04) as the general support as it moves up with a constant top near 32. Solid 3 to 1 accumulation in the pattern shows solid buying. Ready to move in as FTO breaks higher on continued strong volume.
Volume: 461.7K Avg Volume: 1.268M
BUY POINT: $32.25 Volume=1.5M Target=$37.55 Stop=$30.35
POSITION: FTO AF - Jan. $30c (66 delta) &/or Stock
http://www.investmenthouse.com/cs/fto.html
Play Date: 08/17/2005
MSCC (Microsemi--$23.26; +0.10; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/m/mscc.html
STATUS: Breakout test. Working laterally over the 10 day EMA (22.94) as MSCC makes its second test of the 10 and 18 day EMA (22.94, 22.65) after coming off the 50 day EMA (21.62) to start July. That move followed the breakout from a 22 week pattern and breakout in May. This is the second test of that move, and still gives us plenty of upside. Want to see the volume back above average as MSCC makes the next move.
Volume: 351.864K Avg Volume: 821.934K
BUY POINT: $23.54 Volume=900K Target=$27 Stop=$22.29
POSITION: QMS LX - Dec. $22.50c (60 delta) &/or Stock
http://www.investmenthouse.com/cs/mscc.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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