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us stock market, stock split
Begin part 3 of 3
THE PLAYS:
Good Movers: CRDN; HAL; SLB; SU; UPL
New Post-Split Plays:
Play Date: 01/21/2006
GPN (Global Payments--$50.1; -0.91; optionable): Payment systems for international clients
http://biz.yahoo.com/p/g/gpn.html
STATUS: Flying plateau. GPN is working laterally in a tight range above the 10 day EMA (50.01), holding its gains to the late December breakout from a 7 week flat base. It has rallied up the 10 day EMA since with a big break higher in January. It got ahead of the 10 day and stalled out waiting for it to catch up. Volume jumped back up Thursday to average; in the Friday market selling volume dropped back well below average as GPN tested and held the 10 day. Strong market leader in fundamentals as well as technical pattern. Strong money flow is leading higher and relative strength has continued its breakout move. Minding its own business as the market sells, setting up for the next rally higher.
Volume: 420.8K Avg Volume: 729.848K
BUY POINT: $51.33 Volume=1.1M Target=$59.95 Stop=$49.68
POSITION: GPN EJ - May $50c (54 delta) &/or Stock
http://www.investmenthouse.com/cs/gpn.html
Play Date: 01/21/2006
NFX (Newfield Exploration--$51.68; -0.06; optionable): Oil and gas
http://biz.yahoo.com/p/n/nfx.html
STATUS: Cup w/handle. Volume surged Friday as NFX streaked higher to 54.50. It could not hold the move, however, falling back to flat by the close. That kept it in its 17 week base, still ready for the breakout to a new all-time high. Excellent 6 to 2 accumulation in the base shows plenty of buying to send NFX to that new high. May need to reload a bit after that run higher and reversal, but strong stock in a strong pattern, and looking for it to show us another breakout move this week.
Volume: 2.684M Avg Volume: 1.234M
BUY POINT: $52.65 Volume=1.9M Target=$60.95 Stop=$50.78
POSITION: NFX FJ - June $50c (58 delta) &/or Stock
http://www.investmenthouse.com/cs/nfx.html
PRE-ANNOUNCEMENT PLAYS
Current Pre-Announcement Plays: Lots of stocks in position for split announcements in January and February. We have some good information on many though some are wild cards, i.e. no split history but hearing word of a possible split announcement. All are good leadership quality stocks that can make us money if they show us the breakout moves.
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.
AAPL: Forecast 2-10-06
ACI: Forecast 2-10-06
ATW: Potential announcement 1-30-06 after the close
CLE: Forecast 1-26-06
CLF: Forecast second week of February.
CTSH: Forecast 1-30-06 or 2-10-06
DATK: Forecast 2-15-06
DBRN: Researching next date; looking at February
DRI: Forecast third week in March.
EOG: Forecast 2-3-06
FTO: Forecast mid-April. Will pinpoint the date shortly.
HAL: Forecast 1-27-06
GIL: Forecast February 1
GILD: Forecast 1-25-06
JEC: Forecast 2-7-06
LCAV: Forecast 1-24-06
LM: Tentatively forecast 1-24-06
LUFK: Tentatively forecast in March
MRVL: Forecast 2-23-06
NOV: Forecast 1-23-06
ODP: Forecast 2-23-06
PPDI: Forecast 2-8-06 after the close.
RJF: Forecast 2-9-06
RIO: Researching exact date.
SNDK: No announcement Friday. Looking at 1-26-06 after the close.
TECH: Forecast for 1-31-06 before the open.
UPL: Forecast 2-8-06
WIRE: Forecast third week of January
XTO: Forecast 2-15-06
New Pre-Announcement Plays:
Play Date: 01/21/2006
AGN (Allergan--$112.07; -1.53; optionable): Tentatively forecast 2-1-06. Extended its tender offer deadline for IMDC shares to 1-24-06. After that is complete we hear AGN may be ready to split its stock down.
BACKGROUND: Last announced a 2:1 split 1-27-2000 at $88.
http://biz.yahoo.com/p/a/agn.html
STATUS: Test 18 day EMA. A great market leader and good mover for us, AGN is making one of its periodic tests of the 18 day EMA (112). This is its third test after the early November breakout sent AGN on this strong run. Looking for AGN to hold this support and then rebound for the next run in the breakout.
Volume: 1.352M Avg Volume: 1.304M
BUY POINT: $113.39 Volume=2M Target=$125 Stop=$111.42
POSITION: AGN GC - July $115c (50 delta)
http://www.investmenthouse.com/cs/agn.html
New Buy Points on Current Plays:
Play Date: 01/21/2006
DBRN (Dress Barn--$40.05; +0.31; optionable): Apparel stores. Forecast late February.
BACKGROUND: Last announced a 2:1 split on 5-2-02 at $31
http://biz.yahoo.com/p/d/dbrn.html
STATUS: Flying plateau. DBRN is moving laterally above the 10 and 18 day EMA (39.54, 38.85), consolidating a solid December to January run and refusing to give up its gains as it takes a breather. Volume was solid on the last push higher, now falling off below average as it calms down and sets up the next break higher. Market leader with excellent fundamentals to go with the strong money flow. Relative strength has broken out and is ready to do so again.
Volume: 633.022K Avg Volume: 732.458K
BUY POINT: $40.62 Volume=1.1M Target=$47.75 Stop=$38.68
POSITION: DTQ FH - June $40c (53 delta) &/or Stock
http://www.investmenthouse.com/cs/dbrn.html
Play Date: 01/21/2006
GIL (Gildan Activewear--$45.09; -0.35; no options): Clothing. Forecast to announce a split 2-1-06
BACKGROUND: Last announced a 2:1 split on 5-5-05 at $44.20. Prior to that a 2:1 split on 2-7-01 at $45.50. Just a short time between splits, but has moved well already and GIL won't hesitate to announce again.
http://biz.yahoo.com/p/g/gil.html
STATUS: Test 18 day EMA. DBRN is making its second test of the early December breakout from an 8 week base. Nice volume to start the year and send it higher after its first test, and now a low volume test to near support once more. Strong money flow and a relative strength breakout. Like how GIL is ignoring the market and setting up its next move.
Volume: 79.6K Avg Volume: 137.981K
BUY POINT: $45.95 Volume=207K Target=$53.85 Stop=$44.12
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/gil.html
Play Date: 01/21/2006
RJF (Raymond James Finl.--$38.85; -0.82; optionable): Investment brokerage services. Forecast 2-1-06.
BACKGROUND: Last announced a 3:2 split on 2-12-04 at $38.40.
http://biz.yahoo.com/p/r/rjf.html
STATUS: Test breakout. Broke out from a short 5 week triangle in early January and ran to 40. It gapped lower but held the breakout point and has worked laterally since. Thursday it broke sharply higher on rising, above average volume. Friday it was caught in that selling but managed to hold the 18 day EMA (38.76) on the close. Looking for RJF to hold near this level early in the week and then we will see if it can pull back up ahead of February 1.
Volume: 387.2K Avg Volume: 284.771K
BUY POINT: $39.48 Volume=427K Target=$45.45 Stop=$38.35
POSITION: RJF EH - May $40c (51 delta) &/or Stock
http://www.investmenthouse.com/cs/rjf.html
Continuing Pre-Announcement Plays ready to move: Still looking at energy
Play Date: 01/19/2006
RIO (Companhia Vale Do Rio Doce--$46.46; -1.48; optionable): Steel and iron. Researching to pinpoint an exact date.
http://biz.yahoo.com/p/r/rio.html
BACKGROUND: Last split 3:1 on 9-7-04 at $57.
STATUS: Breakout test. Gave back the Thursday surge, falling back Friday to the 10 day EMA (46.15) on lower (though just barely) volume. This is in our favor; it shakes out some sellers and if RIO holds here and starts back up, that shows us it is strong. Looking for that move this week. To recap: Volume jumped Thursday as RIO resumed the breakout move from its 14 week ascending triangle. The breakout sent it to a new all-time high in its short, 4 year history in the market. Outstanding 8 to 2 accumulation in the base shows all buying, setting up a strong run. Relative strength is making the breakout along with stock, a very good indication of the breakout's strength. Looking to move into this leader as it continues higher.
Volume: 3.722M Avg Volume: 2.556M
BUY POINT: Aggressive: $47.55 (orig. $48.27) Volume=2.8M Target=$55.95 Stop=$45.97
POSITION: RIO FI - June $45c (58 delta) &/or Stock
http://www.investmenthouse.com/cs/rio.html
Play Date: 01/19/2006
PPDI (Pharmaceutical Prodcut Dev.--$63.8; -0.2; optionable): Medical labs. Forecast 2-8-06 after the close.
BACKGROUND: Last announced a 2:1 split on 4-16-01 at $49.60.
http://biz.yahoo.com/p/p/ppdi.html
STATUS: Ascending triangle. PPDI took the day off Friday on continued below average volume as the stock continues to work on its pattern. Like how it is ignoring the market and going about its business. Just being patient and waiting for it to show us the move. To recap: PPDI is moving toward the breakout point from its 12 week pattern sporting strong 4 to 1 accumulation. It has used the 50 day EMA (61.31) as support to make higher and higher lows as PPDI below a constant top at 64. Volume has edged higher but we need to see a strong surge as it makes the breakout move.
Volume: 214.44K Avg Volume: 362.386K
BUY POINT: $64.88 Volume=561K Target=$74.65 Stop=$62.31
POSITION: PJQ GM - July $65c (50 delta) &/or Stock
http://www.investmenthouse.com/cs/ppdi.html
CONTINUING PRE-SPLIT PLAYS:
Play Date: 01/17/2006
CELG (Celgene--$67.27; -1.31; optionable): Drugs. Splits 2:1 on 2-27-06
http://biz.yahoo.com/p/c/celg.html
After Hours: $67.48
STATUS: Test 18 day EMA. Tried the move Thursday but Friday was caught in the selling, falling back to close just below the 10 day EMA (67.43) on rising, above average volume. No major selling, just felling for support and still ready to rebound off this test. To recap: CELG broke out from a 6 week base in early December, rallying to 72 on the move. It has come back the past week to test, filling the gap higher from 6 sessions back. It has held the 18 day EMA (66.16) on the intraday lows the past week and rebounded. Strong leader with money flow moving higher ahead of price. We anticipate CELG is going to continues its run after this test.
Volume: 2.753M Avg Volume: 2.388M
BUY POINT: $68.55 Volume=3.2M Target=$78.85 Stop=$65.48
POSITION: LQH GN - July $70c (50 delta) &/or Stock
http://www.investmenthouse.com/cs/celg.html
CONTINUING POST-SPLIT PLAYS:
Play Date: 01/19/2006
VIVO (Meridian Biosciences--$23.94; +0.35; optionable): Diagnostic substances
http://biz.yahoo.com/p/v/vivo.html
After Hours: $24.19
STATUS: Breakout test. Another nice doji Friday at the 10 day EMA on low, below average volume, as VIVO continues its very nice breakout test. Just being patient and letting it set up for the next move. To recap: Volume jumped Thursday as VIVO showed a big hammer doji at the 10 day EMA. This follows the early January breakout from a 10 week cup with handle base, and the breakout took VIVO to a new all-time high. Solid pattern and a very good, orderly, tight test on low volume. Now VIVO looks set to follow the strong money flow higher.
Volume: 213.781K Avg Volume: 280.795K
BUY POINT: $24.25 Volume=400K Target=$28.95 Stop=$22.88
POSITION: ZUG DX - Apr. $22.50c (64 delta) &/or Stock
http://www.investmenthouse.com/cs/vivo.html
Play Date: 01/12/2006
QSII (Quality Systems--$81.43; -1.82; optionable): Healthcare information software
http://biz.yahoo.com/p/q/qsii.html
STATUS: Cup. Trying to make the move, but thus far not able to make the break. Still holding a very nice pattern, however, as it sold back to the 10 day EMA (80.65) on very low, below average volume. Excellent action and it basically ignored the Friday selling. Looks ready. To recap: A short but nice 8 week base has formed after a strong run as QSII sets up for a breakout to its next all-time high. It used the 50 day EMA (78.17) as the support for the pattern, an indication that the big money is hanging with it even as it rests. Positive accumulation in this pattern. The best in its sector with strong fundamentals to go with the pattern.
Volume: 168.637K Avg Volume: 276.806K
BUY POINT: New: $82.55 (orig. $81.25) Volume=414K Target=$95.45 Stop=$78.89
POSITION: QCR FQ - June $85c (55 delta) &/or stock
http://www.investmenthouse.com/cs/qsii.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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