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stock split, stock recommendation
Begin part 2 of 2
Full report issues Tuesday.
THE PLAYS
Good Movers: CERN; CETV; CTSH; CWTR; SNDK; STJ; WIRE
New Pre-Announcement Play:
Play Date: 01/09/2006
TECH (Techne--$59; +1.56; optionable): Biotechnology. Potential announcement 1-31-06 before the open.
BACKGROUND: Last announced a 2:1 split on 11-9-200 at $105. The one we are focusing on is the prior one, a 2:1 split announced 10-23-97 at $40. After the tech boom stocks are announcing at more sane levels.
http://biz.yahoo.com/p/t/tech.html
After Hours: $59.05
STATUS: Saucer w/handle. TECH is making the breakout from a 17 week base, moving to a new 5 year high (a fairly familiar occurrence of late for leaders). Positive 6 to 4 accumulation in the base (6 up price weeks on rising volume to 4 down price weeks on rising volume) shows the buyers in control, pushing TECH to the breakout. Volume has surged the past three weeks, something that you like to see as buyers jump into a stocks. Biotechs are discovering new strength here, one of the areas money is rotating to. Looking to enter as TECH continues higher on solid trade.
Volume: 301.81K Avg Volume: 252.698K
BUY POINT: $59.22 Volume=379K Target=$69.65 Stop=$56.88
POSITION: TGQ DL - Apr. $60c (50 delta) &/or Stock
http://www.investmenthouse.com/cs/tech.html
Play Date: 01/09/2006
TSCO (Tractor Supply--$54.16; +1.47; optionable): The Home Depot for the farm and ranch. Potential to announce a split 2-1-06, but likes July. Hard to pass up the pattern and technical strength.
BACKGROUND: Last announced a 2:1 split on 7-21-03 at $49.50. Prior to that it announced a 2 for 1 split on 7-18-02 in conjunction with a board meeting. This stock price was $57.
http://biz.yahoo.com/p/t/tsco.html
STATUS: Test 50 day EMA. TSCO formed a 16 week reverse head and shoulders base and broke higher in late November, early December on an excellent volume surge. It rallied to 57 and then spent the rest of December and early this year testing back to the 50 day EMA (52.41) on low volume. TSCO did not participate in last week's extravaganza, but Monday it jumped off the 50 day. Looking for volume to continue to strengthen as TSCO continues the move. Excellent 8 to 2 accumulation shows tremendous buying in the consolidation. Strong money flow as well, moving higher ahead of price. Very nice.
Volume: 256.631K Avg Volume: 364.66K
BUY POINT: $55.25 Volume=547K Target=$63.55 Stop=$53.55
POSITION: QTF GK - July $55c (48 delta) &/or Stock
http://www.investmenthouse.com/cs/tsco.html
CONTINUING POST-SPLIT PLAYS:
Play Date: 01/05/2006
VSAT (Viasat--$27.80; +0.30; optionable): Telecom equipment
http://biz.yahoo.com/p/v/vsat.html
STATUS: Cup w/handle. Strongest volume of the week Friday as VSAT moved off the 10 day EMA (27.12) heading toward a new 5 year high. Ready to make its move. To recap: Excellent 13 week base has formed using the 50 day EMA (26.38) as support; the strong stocks appear to be doing that as the market sold in December. Superb 5 to 1 accumulation in the base shows virtually all buying as it sets up for the breakout to a 5 year high. Surging money flow. Familiar volume swell this week, a good thing to see as a stock nears the breakout point. Strong pattern and strong fundamentals make this a very enticing play this week.
Volume: 211.787K Avg Volume: 181.928K
BUY POINT: $28.12 Volume=272K Target=$33.75 Stop=$26.78
POSITION: IQS EE - May $25c (72 delta) &/or Stock
http://www.investmenthouse.com/cs/vsat.html
CONTINUING PLAYS
* * SPREADSHEET DOWNLOAD * * *
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http://stocksplits.net/ssr/table.php
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http://www.investmenthouse.com/rescue/rescue.php3
LEGEND FOR CONTINUING PLAY TABLE
DATE: date play first appeared on report.
PLAY: Denotes the type of pattern or play.
Upside play types: Asc Tri =Ascending triangle; BO=Breakout; Cup=Cup base; Cup hdl=Cup w/handle; DB hdl=Double bottom w/handle; Dbl btm=Double bottom; Flat=Flat base; FlyPlat=Flying Plateau; Pennant=Pennant; Rv H&S=Reverse head & shoulders; Saucer=Saucer base; Test 18=Testing 18 day MVA; Test 50=Testing 50 day MVA; Test BO=Testing the breakout (could be 10 day MVA test, etc.)
Downside play types: CCall=Covered Call; Dsc Tri=Descending triangle; Dbl Top=Double top; H&S=Head & shoulders; Put (generic downside);
PIVOT=Buy point
Tgt=Target stock price for the play. Applies to stock and options.
Vol=Volume for the most recent session.
TgtV=Target volume to enter the play.
Stop=Stop advisory point. This is advisory and we may or may not exit a play if it hits this level depending upon market conditions.
PLAY STATUS: Buy not hit (stock has not hit buy point); Buy not issued (stock has hit buy point but did not enter due to weak volume, poor intraday action, poor market action); Current (ongoing play already entered); Entered today (entered the play that session); Exited (closed the position); Target hit (play hit initial target; will note if took all or partial gain or let run further); Trailing stop (exited using a trailing stop loss).
Upside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AAPL 01/07 PreAnn 76.05 -0.25 76.75 92 24M 30M 73.89
Buy Not Issued.
AGN 10/27 PreAnn 111.51 +1.21 89.25 102 769K 1.2M 107.32
AMHC 12/08 PreAnn 47.86 +1.09 47.34 54.45 237K 511K 45.89
Buy Not Issued. Tested the 10 day MVA intraday and rallied back on lower, but average volume. Not enough volume to enter the play
ATW 01/05 PreAnn 86.51 +1.04 86.18 99.75 408K 545K 83.38
Current.
BOOM 12/21 FlyPlat 33.74 +0.4 32.23 38.62 848K 2.1M 31.88
Current. Continue with the uptrend on low volume.
BOOM 11/30 Test 50 33.74 +0.4 24.75 29.75 848K 2.1M 31.88
BRL 12/28 Asc Bse 66.39 +1.52 63.75 72.88 1.1M 1.1M 64.45
Current. Gapped up for a nice gain on stronger above average volume as stock continues to move up the 10 day MVA.
CDIS 01/03 Test BO 40.49 0 39.42 45.55 1.2M 2M 38.72
Current. Gapped up at the open, but gave it back closing flat on lower below average volume. Still in uptrend.
CERN 01/05 PreSplt 97.76 +3.39 94.12 100 570K 650K 95.88
CETV 12/03 PreAnn 59.99 +0.99 57.75 67.42 333K 228K 58.31
Current. Continue to move up the 10 day MVA on stronger above average volume making a 52 week high.
CLE 12/13 Test 18 30.53 +0.52 28.55 33.25 1.4M 750K 29.56
Current.
COF 12/27 PreAnn 88.12 +1.68 88.15 99.65 1.6M 3M 86.15
Buy Not Issued.
CRDN 12/19 Test 50 48.57 +1.95 46.47 53.95 1.5M 1.1M 46.98
Current. Gapped up at the open for a nice gain filling the gap intraday on strong volume. Came off the day's high of 49.84. Continue to move up the 10 day MVA.
CTSH 01/07 PreAnn 52.25 +0.9 52.15 59.98 1.4M 2M 50.89
Entered today. Moving up on rising volume, but not enough to enter the play. Will let test back.
CWTR 01/04 PreSplt 33.91 +0.86 32.34 38.65 694K 1.2M 32.16
Current. Gapped up at the open and continued to soar on slightly below average volume. Meeting some resistance at 34.
DAKT 12/17 PreAnn 31.85 +0.17 30 34.45 83K 150K 31.55
Current. Continue with uptrend on lower below average volume.
DIOD 01/05 Test BO 34.95 +0.55 34.11 40.32 333K 518K 32.28
Buy Not Issued.
DRI 12/29 PreAnn 40.93 +0.53 40.35 46.48 1.9M 1.3M 38.97
Current.
EOG 01/07 PreAnn 78.16 +0.36 79.25 91.45 2.6M 4.5M 75.98
Buy Not Hit.
GILD 01/04 PreAnn 57.91 +0.88 56.58 66.95 3.9M 7.2M 56.32
Current. Big gap up at the open, but gave some of it back on average volume. Still in uptrend.
GRP 01/03 Test BO 47.7 -0.35 45.51 52.95 1.4M 1.7M 46.11
Current. Gapped up at the open, but gave it back on low volume. Meeting resistance at 48.
HITK 12/15 PreSplt 46.62 +1.63 44.22 51.95 354K 249K 44.32
Current. Bounced off the 10 day MVA for a nice gain on strong volume surge. Came off the day's high of 48.20. Meeting some resistance at 47.07
HOLX 12/19 DB hdl 38.89 +0.28 39.33 45.85 641K 1.2M 37.78
Current. Tested the 10 day MVA intraday and rallied back on low volume. Meeting some resistance at 40. Moving up after testing the 50 day MVA.
HYSL 10/25 Cup hdl 35.76 -0.84 34.56 53.38 1M 874K 35.55
Current. Pullback on lower, but above average volume. May continue to test back to 18 day MVA. (35.55)
INFY 01/04 PreAnn 81.96 +0.54 82.15 92.38 980K 1M 79.88
Entered today.
ISRG 12/19 Test 18 123.7 +3.63 116.25 126 1.1M 1.2M 118.55
Bounced off the 10 day MVA for a nice gain on stronger above average volume. Meeting some resistance here. Moving up after testing the 18 day MVA.
JEC 12/10 PreAnn 71.64 +0.75 66.75 75.95 354K 610K 69.34
LCAV 12/15 PreAnn 47.22 -0.58 48.42 59.95 436K 1M 45.03
Buy Not Issued.
LUK 11/07 Cup hdl 48.66 -0.36 44.86 52.95 368K 396K 47.68
Current.
MATR 12/13 PreAnn 41.15 -0.27 41.36 46.98 194K 392K 39.48
Current.
MCRS 01/07 Test 50 51.81 +0.46 51.75 59.55 271K 350K 49.05
Buy Not Issued.
MRVL 01/03 PreAnn 62.05 +0.67 58.97 66.95 4.5M 4.5M 59.98
Current. Continue with the uptrend on slightly above average volume.
MSCC 01/05 Test BO 29.35 -0.37 29.14 33.95 1.2M 900K 28.37
Current. Pullback on stronger above average volume. May continue to pullback to 28.81.
NBR 01/03 PreSplt 77.9 -0.75 79.26 88.95 2.2M 2.5M 76.97
Current. Pullback testing the 18 day MVA intraday and rallied back holding just above the 10 day MVA on lower below average volume. Still in good shape.
NOV 01/05 PreAnn 69.87 -0.77 69.37 79.45 1.7M 3M 68.58
Current.
PCP 12/08 Cup hdl 54.37 +0.16 53.05 60.88 386K 1.3M 52.94
Current.
PPDI 12/20 PreAnn 64.6 +1.06 62.34 72.95 170K 621K 62.05
Current.
PSYS 11/08 PreSplt 63.68 +0.14 58.84 65.96 400K 610K 61.45
Current.
RJF 12/17 PreAnn 39.78 +0.41 38.38 44.45 336K 439K 38.68
Current.
SNDK 12/20 DB hdl 77.11 +3.16 60.69 72.38 23M 20M 74.98
Current. Gapped up at the open for a great move on excellent volume surge making a 52 week high.
STJ 01/06 Test 50 54.2 +1.21 52.92 61.45 2.5M 3.1M 52.89
Current. Another great move as stock gapped up filling the gap intraday on lower, but strong volume. Continue with uptrend.
SU 01/03 PreAnn 65.79 -0.83 64.88 73.95 1.9M 3.5M 64.32
Current.
SWN 12/22 Asc Tri 37.55 +0.37 37.92 45.55 2.1M 8M 35.88
Buy Not Issued. Bounced off the 10 day MVA on low volume. Meeting resistance at 38
TIE 01/07 Cup hdl 74.35 +1.11 73.89 84.95 1.1M 1.2M 71.44
Buy Not Issued. Continue to move up the 10 day MVA on slightly above average volume. Meeting resistance at 75
TKC 12/29 DB hdl 16.3 -0.08 15.88 19 206K 475K 15.21
Buy Not Issued. Gapped up at the open, but gave it back on rising, but below average volume. May continue to test back to 16.
UPL 01/03 PreAnn 58.05 -0.22 58.57 69.95 1.2M 3M 56.15
Buy Not Issued.
VSAT 01/05 Cup hdl 27.96 +0.16 28.12 33.75 124K 272K 26.78
Buy Not Issued. Bounced showing a doji at resistance on low volume. Still forming the handle.
WIRE 01/07 PreAnn 26.43 +1.54 26.23 31.31 521K 502K 24.48
Entered today.
XTO 01/03 PreAnn 45.55 -0.4 46.08 52.99 3.2M 5.2M 44.62
Buy Not Issued.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
COHR 12/27 Put 30.22 -0.06 29.35 27.61 109K 150K 30.22
Current. Gapped up but could not hold the gain to holding the 10 day MVA on low volume. Needs to break through support here.
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 recommendation
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