|
|
us stock market, trade stock
Begin part 3 of 3
THE PLAYS:
New Pre-Split Play:
Play Date: 09/13/2005
GPN (Global Payments--$69.13; -0.27; optionable): Worldwide payment systems. Splits 2:1 on 10/31/05
http://biz.yahoo.com/p/g/gpn.html
STATUS: Test breakout. Big surge Friday on strong trade broke GPN higher off the 50 day EMA (66.46) in its 14 week base. It rallied again Monday but started to turn back intraday, and it slipped further Tuesday but on low, below average volume. May come back a bit further but holding up well as the market sold Tuesday, and we want to be ready when it turns back up.
Volume: 198.2K Avg Volume: 295.326K
BUY POINT: From Tuesday close: $69.65; Test 68: 68.55 on the rebound Volume=350K Target=$75.72 Stop=$67.89
POSITION: GPN KN - Nov. $70c (51 delta) &/or Stock
http://www.investmenthouse.com/cs/gpn.html
Play Date: 09/13/2005
CHRW (C.H. Robinson Worldwide--$61.94; -0.26; optionable): Air delivery and fright. Splits 2:1 on 10-17-05
http://biz.yahoo.com/p/c/chrw.html
After Hours: $61.94
STATUS: Cup w/handle. CHRW was on the verge of a breakout last week but gapped lower Thursday on strong volume. It held the 18 day EMA (61.40) and has moved laterally along that support on lower, below average volume. This is forming the last part of the 7 week pattern that used the 50 day EMA (60.11) on the low as support. 2 to 0 accumulation in the pattern shows net buyers as it sets up for a breakout to a new all-time high. Solid and just want to see some volume come in as it continues higher.
Volume: 376.305K Avg Volume: 581.346K
BUY POINT: $62.45 Volume=600K Target=$69.95 Stop=$61.22
POSITION: CJQ BL - Feb. $60c (59 delta) &/or Stock
http://www.investmenthouse.com/cs/chrw.html
New Post-Split Play:
Play Date: 09/13/2005
VMC (Vulcan Materials--$69.88; -0.82; optionable): Building materials
http://biz.yahoo.com/p/v/vmc.html
STATUS: Test 50 day EMA. VMC surged in late July August on the Katrina effect, reaching 72 where it peaked in early August. After that huge surge it has eased back to the 10 day EMA (69.84) on lower volume. Holding that level the pat week with volume below average since Friday. Strong money flow and positive accumulation. Holding up well, setting up the next move higher. Just looking for volume to jump back above average as it makes the next move higher.
Volume: 357K Avg Volume: 442.989K
BUY POINT: $71.25 Volume=664K Target=$81.95 Stop=$69.21
POSITION: VMC BN - Feb. $70c (56 delta) &/or Stock
http://www.investmenthouse.com/cs/vmc.html
Play Date: 09/13/2005
OTTR (Otter Tail--$30.86; -0.04; optionable): Electric utilities
http://biz.yahoo.com/p/o/ottr.html
STATUS: Test breakout. It has been a while since we played OTTR (it last split in 2000). That was mid-rally. It made it to 2002 and then slipped into a 3 year base. Since June it has started higher, building the right side of that base. In August it set up a short double bottom and broke out. It has moved laterally up the 10 day EMA (30.36) and below 31. That is the resistance it needs to break through. Tuesday volume exploded as OTTR moved through 31 to 31.95 on the high. It came back as the market sold, closing just below 31. Solid 3 to 0 accumulation shows plenty of buying and money flow is surging higher. Ready to move in as OTTR makes the break through 31 again with some continued strong volume.
Volume: 270.826K Avg Volume: 84.9K
BUY POINT: $31.05 Volume=127K Target=$35.75 Stop=$30.15
POSITION: OQB AF - Jan. $30c (55 delta) &/or Stock
http://www.investmenthouse.com/cs/ottr.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.
AMHC: Forecast 9-19-05 after the close.
ANSI: Tentatively forecast 10-27-05
APA: Tentatively set for 10-27-05 before the open.
APC: Forecast early October.
ATW: Forecast late October.
CDIS: Forecast 10-5-05
CERN: Forecast 10-20-05
CETV: Tentatively forecast in mid-October.
DNA: Researching next date
FO: Forecast 10-21-05
GVA: Forecast in October.
GYI: Forecast 10-20-05
HAR: Forecast early October
IEX: Tentatively forecast 10-20-05
KMG: No announcement in July with earnings; researching to pinpoint the date.
LLL: Tentatively forecast 10-24-05
LM: Did not announce on 7-21-05. Researching next date.
LSS: Wildcard forecast 10-18-05
MRVL: No announcement in July. Researching to pinpoint next date.
RS: Forecast 10-20-05.
TRID: Forecast 11-2-05
USNA: Forecast 10-18-05
WC: Started to struggle.
WFMI: Forecast early November.
WFT: Forecast 10-27-05
WWY: Tentatively set for mid-December.
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.
New Pre-Announcement Plays:
Play Date: 09/13/2005
JOSB (Joseph A. Banks--$44.20; -0.10; optionable): Apparel stores. Forecast mid-October.
BACKGROUND: Last announced a 5:4 split 6-9-04 at $33.40. Prior to that it announced a 2:1 split 1-14-04 at $39.70.
http://biz.yahoo.com/p/j/josb.html
After Hours: $44.22
STATUS: Cup w/handle. JOSB is forming a very nice and tight low volume handle to its 8 week base. Solid price/volume action as it formed the right side of the base. Then volume backed off on the handle formation. Ready to make the breakout.
Volume: 168.516K Avg Volume: 286.811K
BUY POINT: $45.52 Volume=430K Target=$52.35 Stop=$42.88
POSITION: QZS AI - Jan. $45c (51 delta) &/or Stock
http://www.investmenthouse.com/cs/josb.html
CONTINUING PRE-SPLIT PLAYS
Play Date: 09/10/2005
SRZ (Sunrise Assisted Living--$61.53; -0.97; optionable): Long-term healthcare. Splits 2:1 on 10-4-05
http://biz.yahoo.com/p/s/srz.html
STATUS: Flying plateau. Good surge Monday to continue the Friday jump off the 18 day EMA (60.20). Tuesday SRZ was caught in the selling and fell back on much lower, below average volume to tap at the 10 day EMA (60.71) on the low. This is going to give us the opportunity to move in on this solid stock when it turns back up. To recap: SRZ was moving in a very tight lateral range over the 18 day EMA the past 5 weeks, refusing to give up the gains after a big gap higher in early August. Low, low volume during the consolidation until Friday when volume surged back above average as SRZ moved off the consolidation. It is making the test and setting up the next move after this test.
Volume: 131.6K Avg Volume: 212.288K
BUY POINT: $61.66 Volume=225K Target=$69.55 Stop=$59.74
POSITION: SRZ AL - Jan. $60c (60 delta) &/or Stock
http://www.investmenthouse.com/cs/srz.html
Play Date: 09/01/2005
DNR (Denbury Resources--$45.94; +0.31; optionable): Independent oil and gas. Splits 2:1 on a date to be announced
http://biz.yahoo.com/p/d/dnr.html
STATUS: Test 50 day EMA. DNR continues to set up for the pre-split run, moving laterally along the 10 day EMA (45.46) on below average volume. This has turned into something of a flat base here. Ready to make the move, just needs to show it to us. To recap: A short little double bottom has formed the past 5 weeks, using the 50 day EMA as support. Solid money flow. Looking to start a position as it continues higher and then will add to the position after a test that holds and rebound.
Volume: 364.2K Avg Volume: 725.302K
BUY POINT: $46.95 Volume=922K Target=$52.82 Stop=$44.77
POSITION: DNR LI - Dec. $45c (62 delta) &/or Stock
http://www.investmenthouse.com/cs/dnr.html
CONTINUING POST-SPLIT PLAYS
Play Date: 09/06/2005
CBI (Chicago Bridge & Iron--$30.05; +0.13; optionable): General contractors
http://biz.yahoo.com/p/c/cbi.html
STATUS: Breakout test. Still waiting for the next move as CBI continues the test of the breakout, holding the 10 day EMA on low, below average volume (29.67). Ready to go, just needs to show the move. To recap: This is a post-Katrina play. CBI split in April and fell into a 4 month cup with handle base, It broke out in late July, rallied some, then came back to test the breakout fully, coming all the way back to the rising 50 day EMA (27.01). It moved laterally for a week and then started up on huge volume as Katrina came ashore. It rallied near 33 before starting this test. Strong 5 to 2 accumulation (5 up price weeks on rising volume to 2 down price weeks on rising volume) shows plenty of solid buying to send it higher. Money flow is surging higher and relative strength broke out as well. Ready to move in on a continued bounce higher.
Volume: 489.3K Avg Volume: 434.862K
BUY POINT: Aggressive: $30.65; orig. $31.58 Volume=622K Target=$37.75 Stop=$29.92
POSITION: CBI AF - Jan. $30c (61 delta) &/or Stock
http://www.investmenthouse.com/cs/cbi.html
STATUS: Play Date: 09/10/2005
FRK (Florida Rock--$58.05; +0.6; optionable): Cement
http://biz.yahoo.com/p/f/frk.html
STATUS: Test 18 day EMA. Another stock that rallied on Katrina, hit 60 and then faded back the past week on lower volume. It has held the move above its early August high at 56, tapping the 18 day EMA (55.99) on the low and rebounding for a modest gain. Nice dip lower and rebound, a good shakeout to set the rebound move to continue the breakout. To recap: A consistent leader during the rally, FRK broke out in late May and rallied up the 18 day EMA. It sold back with the market in August, needing the consolidation after such a good run. It undercut the 50 day EMA but regained it to end August, surging on strong volume with Katrina's approach. It hit 60 and last week eased back to test the 10 day EMA
Volume: 524.4K Avg Volume: 542.722K
BUY POINT: $58.82 Volume=810K Target=$67.95 Stop=$56.65
POSITION: FRK LK - Dec. $55c (71 delta) &/or Stock
http://www.investmenthouse.com/cs/frk.html
Play Date: 09/08/2005
SFCC (SIBC Intl.--$43.14; -0.3; optionable): Research services
http://biz.yahoo.com/p/s/sfcc.html
STATUS: Test breakout. We put SFCC on the report and it immediately gapped higher last Friday. It is now testing that strong volume move, easing back on lower volume. It may come back to 42 or the 10 day EMA (41.80); it tapped down to 42.61 on the intraday low before rebounding for a slight loss. Want to be ready if that is all we get. Strong leader that broke out from a 6.5 month base to start the month. This is the test, that favorite spot to enter a play once it is over and the stock rebounds on strong trade.
Volume: 150.334K Avg Volume: 172.308K
BUY POINT: From Tuesday close: $43.65; Test $42: $42.34 Volume=300K Target=$48.55 Stop=$41.15
POSITION: JQE LH - Dec. $40c (57 delta) &/or Stock
http://www.investmenthouse.com/cs/sfcc.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.
|
us stock market
trade stock
|
