|
|
us stock market, stock trading site
Begin part 3 of 3
THE PLAYS:
Good movers: CHRW; CHS; CNI; HOLX; MATR; POOL; STT
New Pre-Split Plays:
Play Date: 02/14/2006
BRCM (Broadcom--$66.79; -1.78; optionable): Semiconductor integrated circuits. Splits 3:2 on 2-22-06.
http://biz.yahoo.com/p/b/brcm.html
After Hours: $66.77
STATUS: Test 18 day EMA. BRCM gapped higher on strong earnings in late January, that after a strong breakout move in early January. After a lateral move for three weeks BRCM cracked some Tuesday with a gap lower and drop to the 18 day EMA (65.72) on the intraday low. It rebounded to cut some of the losses on strong volume. May test again before it resumes the move. From the Tuesday close we want to see it break through the 10 day EMA (67.91) on strong volume.
Volume: 16.634M Avg Volume: 9.725M
BUY POINT: $67.95 Volume=10M Target=$78 Stop=$65.55
POSITION: RCQ EM - May $65c (57 delta) or RCQ EN - May $70c (48 delta) &/or Stock
http://www.investmenthouse.com/cs/brcm.html
New buy point on current pre-split position:
Play Date: 02/14/2006
IMGC (Intermagnetics General--$44.44; -0.23; optionable): Industrial electrical components. Splits 3:2 on 2-22-06
http://biz.yahoo.com/p/i/imgc.html
STATUS: Flying plateau. IMGC has put in a good move for us with its strong early February run. It has turned to a lateral move the past four sessions to consolidate that gain, moving in a tight range on low, below average volume. It might wait until the 10 day EMA (43.38) rises to meet it; that often sends a stock in this pattern on its next leg higher. Want to be ready, however, as IMGC held up very well in the recent selling and indeed rallied when the market started down early in the month.
Volume: 251.908K Avg Volume: 315.613K
BUY POINT: $45.05 Volume=400K Target=$51.95 Stop=$43.22
POSITION: IMG GI - July $45c (50 delta) &/or Stock
http://www.investmenthouse.com/cs/imgc.html
Leader Plays: These stocks could turn into pre-announcement plays. The patterns are solid as are the stocks, and they can make us money as they breakout from these bases.
Play Date: 02/11/2006
GME (Gamestop--$40.53; +0.34; optionable): Electronic games stores
http://biz.yahoo.com/p/g/gme.html
After Hours: $41.04
STATUS: Breakout test. Still in a very low volume test of the 18 day EMA (40.17), holding that level the past three sessions, riding out the market selling and the Tuesday rally, minding its own business and setting up for the next run higher. Just waiting for a volume surge and a move higher. To recap: GME broke higher in January out of a 7 month base that formed after a strong run the first half of 2005. This base has allowed it to consolidate that move and set up for the next run. The mid-January breakout took GME to 43.50 on the run and then it made a nice, orderly and low volume pullback to test that move last week, holding the 18 day. In short, it used the selling to test the move, but there was no dumping the stock as volume was quite low. Strong money flow continues to lead higher. Relative strength broke out on the move, a very bullish indication. Looking for a bounce off this near support on a good return of volume to enter the play.
Volume: 670.8K Avg Volume: 1.709M
BUY POINT: $41.11 Volume=2M Target=$48.95 Stop=$39.89
POSITION: GME GH - July $40c (53 delta) &/or Stock
http://www.investmenthouse.com/cs/gme.html
Play Date: 02/06/2006
NVDA (Nvidia--$44.13; +0.08; optionable): Semiconductors for game applications, etc.
http://biz.yahoo.com/p/n/nvda.html
After Hours: $44.10
STATUS: Test 18 day EMA. NVDA continues the lateral move over the 18 day EMA (43.92), working laterally the past two weeks as it consolidates the strong January breakout and run. Nice low volume on the move, setting up the next run. Want to see volume jump as it moves through the buy point and to a new 4 year high.
Volume: 2.94M Avg Volume: 3.689M
BUY POINT: $45.78 Volume=6.1M Target=$53.95 Stop=$43.65
POSITION: UVA FI - June $45c (53 delta) &/or Stock
http://www.investmenthouse.com/cs/nvda.html
PRE-ANNOUNCEMENT PLAYS
Current Pre-Announcement Plays: Lots of stocks still in position for split announcements. 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.
ANF: Potentially forecast for May.
BIO: Forecast 2-16-06
CNQ: Forecast 2-23-06
CTSH: Researching the next possible date but enjoying the gains.
DAKT: Forecast 2-15-06
DBRN: Researching to pinpoint the next date.
DRI: Forecast third week in March.
DVN: Forecast 2-15-06. Pattern really fell apart and now trying to put it together at the 200 day SMA.
FTO: Forecast mid-April. Gapped lower through the 50 day EMA.
HOC: Forecast 2-13-06. HOC imploded through the 50 day EMA, and with that action no split announcement.
GVA: Forecast 2-15-06
ITG: Researching the date.
JEC: No split announced last week but just letting it consolidate the gain while it moves laterally.
LM: Researching to pinpoint a date.
MRVL: Forecast 2-23-06
NOV: Forecast 2-24-06. Will see if NOV can hold the line and give us a decent set up to play ahead of next week.
ODP: Forecast 2-23-06
PNRA: No split announced last week but a gap higher Friday on some strong volume and very volatile price action.
POOL; Researching to pinpoint a date.
RARE: Researching to pinpoint the date.
RJF: No split last week but continuing its move up the 10 day EMA. Researching the next date.
TLM: Forecast 3-1-06
XTO: Forecast 2-15-06. Fell hard and out of play contention.
New Pre-Announcement Plays:
Play Date: 02/14/2006
GS (Goldman Sachs--$141.78; +2.13; optionable): Investment brokerage. Researching to pinpoint the date.
BACKGROUND: No splits in GS' history.
http://biz.yahoo.com/p/g/gs.html
After Hours: $141.78
STATUS: Test 18 day EMA. Strong breakout in late January from an 8 week cup with handle base and rallied to 144 on the high. It has come back to test the move, holding the 18 day EMA (138.94) on the intraday lows the past three sessions. Volume started higher Tuesday as it tested and rebounded for a nice gain. The financials are looking good, apparently not concerned regarding the Fed. Ready to move in on a continued volume move higher.
Volume: 3.003M Avg Volume: 3.431M
BUY POINT: $142.55 Volume=4.4M Target=$154.95 Stop=$138.75
POSITION: GS GH - July $140c (58 delta)
http://www.investmenthouse.com/cs/gs.html
Play Date: 02/14/2006
IRM (Iron Mountain--$42.98; +1.27; optionable): Document storage. Forecast to announce a split 3-1-06
BACKGROUND: Last announced a 3:2 split on 5-27-04 at $44. Before that a 3:2 split on 12-6-01 at 45.10.
http://biz.yahoo.com/p/i/irm.html
STATUS: Flat base. Volume jumped to the highest level in 2 months Tuesday as IRM moved higher off the 50 day EMA (41.91) where it held support and formed the current 13 week base. Positive accumulation setting IRM up for a new all-time high.
Volume: 550.9K Avg Volume: 434.67K
BUY POINT: $43.21 Volume=525K Target=$49.75 Stop=$41.77
POSITION: IRM GI - July $40c (62 delta) &/or Stock
http://www.investmenthouse.com/cs/irm.html
Play Date: 02/14/2006
MRVL (Marvell Technology--$64.25; +0.92; optionable): Semiconductor integrated circuits. Forecast to announce a split 2-23-06
BACKGROUND: Last announced a 2:1 split 2-26-04 at $42.90.
http://biz.yahoo.com/p/m/mrvl.html
After Hours: $64.03
STATUS: Test 50 day EMA. MRVL tumbled hard Monday and we said we would look at it at the 50 day EMA (62.13). It made that level fast, trading through it on the Tuesday low (61.41). That stopped the decline and MRVL rebounded to close with a gain on even stronger volume. That shows buyers stepping back in at this level to pick up shares of this market leader. Looking for a further move higher on volume to start new positions ahead of a potential split announcement on 2-23.
Volume: 8.508M Avg Volume: 4.695M
BUY POINT: $65.35 Volume=7M Target=$75.75 Stop=$62.05
POSITION: UVM EM - May $65c (51 delta) &/or Stock
http://www.investmenthouse.com/cs/mrvl.html
Continuing Pre-Announcement Plays:
Play Date: 02/09/2006
ITG (Investment Technology--$44.98; +0.43; optionable): Investment brokerage. Researching the date.
BACKGROUND: Last announced a 3:2 split on 11-13-2001 at $64.80.
http://biz.yahoo.com/p/i/itg.html
STATUS: Ascending base. Still nice action, moving laterally above the 18 day EMA (43.62) on lower and lower volume. Very nice, setting up for the move higher. To recap: Announced earnings to start February, so this is a wildcard, but it is in great shape. ITG jumped higher to start the month on strong volume and a strong earnings report. That tried to break it out of its 9 week base that formed using the 50 day EMA (40.85) as support. After a test back to the 18 day EMA to consolidate some, it jumped higher Thursday on a very strong shot of volume. Positive accumulation and surging money flow are a great complement. Relative strength is making the breakout as it starts back up, a very good sign for the move to continue. Solid.
Volume: 246.1K Avg Volume: 502.076K
BUY POINT: $45.25 Volume=700K Target=$53.95 Stop=$43.15
POSITION: ITG GI - July $45c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/itg.html
Play Date: 01/26/2006
LM (Legg Mason--$132; +3.51; optionable): Investment brokerage services. Forecast to announce a split 2-1-06 before the open.
BACKGROUND: Last announced a 3:2 split 7-20-04 at $76.50. It was a long drought before that when it announced a 2:1 split in July 1998 at a price of $62.
http://biz.yahoo.com/p/l/lm.html
STATUS: Test 50 day EMA. LM has moved higher the past 5 weeks, making quick tests of the 50 day EMA (126.22) on the lows and then bouncing. It made a half test Monday and then jumped Tuesday on strong, above average volume as the financials showed a strong session. Money flow is screaming higher and we are looking for LM to follow it.
Volume: 1.47M Avg Volume: 914.259K
BUY POINT: $132.95 Volume=1.4M Target=$149.95 Stop=$129.21
POSITION: LM EG - May $135c (50 delta) &/or Stock
http://www.investmenthouse.com/cs/lm.html
CONTINUING PRE-SPLIT PLAYS:
Play Date: 02/02/2006
VSEA (Varian Semiconductor--$51.78; +0.67; optionable): Chip equipment. Splits 3:2 on 3-1-06
http://biz.yahoo.com/p/v/vsea.html
STATUS: Test 18 day EMA. Still testing the 18 day EMA (50.80) the past three sessions on lower, below average volume. Holding up well during the market selling, not threatening near support. Looking for the rebound. To recap: VSEA is testing the 18 day EMA, testing the breakout in early January and the rally up the 18 day EMA. Looking for VSEA to continue its run after this modest test.
Volume: 578.655K Avg Volume: 760.177K
BUY POINT: New: $52.35 (orig. $52.75) Volume=1.4M Target=$59.65 Stop=$50.39
POSITION: UES EJ - May $50c (54 delta) &/or Stock
http://www.investmenthouse.com/cs/vsea.html
CONTINUING POST-SPLIT PLAYS:
Play Date: 02/11/2006
COH (Coach--$35.65; +0.32; optionable): Handbags, accessories
http://biz.yahoo.com/p/c/coh.html
STATUS: Double bottom w/handle. Volume was up Tuesday as COH continued the move off the 50 day EMA (34.57) test. Still working on the handle; a lot of leading retailers in apparel and related items are surging. Looking for COH to make the move. To recap: COH has formed an 11 week base over the 200 day SMA (33.05) as part of a larger 7.5 month ascending triangle base. Solid accumulation in the current pattern, showing net buyers and setting up the breakout. COH has formed a nice handle to the base the past week, using the market selling to make a low volume pullback to test. Nice money flow to go along with the accumulation. Ready to move to a new all-time high after this handle completes.
Volume: 3.316M Avg Volume: 2.748M
BUY POINT: $36.88 Volume=4.1M Target=$42.95 Stop=$35.15
POSITION: COH EG - May $35c (56 delta) &/or Stock
http://www.investmenthouse.com/cs/coh.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
stock trading site
|
