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stock split, stock recommendation
Begin part 2 of 2
Full report issues Tuesday.
THE PLAYS:
New Pre-Announcement Play:
Play Date: 03/06/2006
TRMB (Trimble Navigation--$42.51; -0.46; optionable): GPS devices. Tentatively forecast in late April.
BACKGROUND: Last announced a 3:2 split on 2-3-04 at $38.20.
http://biz.yahoo.com/p/t/trmb.html
STATUS: Breakout test. TRMB gapped higher in late January on good results, then formed a 5 week handle to its 7.5 month base. Last Thursday it jumped higher, breaking out of the handle on strong, above average volume as it announced a new product. Friday and Monday it started to test that move, easing back on very low, below average volume. Monday it tapped the January high on the low and rebounded to cut some of the losses. Strong 10 to 5 accumulation shows lots of buying during the nice base. Strong money flow. Relative strength broke out last week. May pull back to the 10 day EMA (41.45) before it is ready to rebound, but with the bounce off the January high on the Monday low we want to be ready to move in as it continues higher.
Volume: 250.475K Avg Volume: 392.067K
BUY POINT: $42.75 Volume=450K Target=$50.88 Stop=$40.58
POSITION: TUH HH - Aug. $40c (65 delta) &/or Stock
http://www.investmenthouse.com/cs/trmb.html
New buy point on current position:
Play Date: 03/06/2006
FFIV (F5 Networks--$67.16; -2.05; optionable): Internet traffic management
http://biz.yahoo.com/p/f/ffiv.html
STATUS: Test breakout. FFIV was downgraded Monday, and that sent it down to the 10 day EMA (66.81) on continued slightly above average volume. It broke out from a 7 week ascending triangle in late February, a nice consolidation from the early January breakout from a 10 month reverse head and shoulders pattern. Strong stock that should survive this downgrade. May come back a bit more; the 18 day EMA is at 65.48, matching the high in the ascending triangle. Looking for a volume bounce to resume the breakout move.
Volume: 1.273M Avg Volume: 1.1M
BUY POINT: $67.65 Volume=1.4M Target=$80.95 Stop=$65.32
POSITION: FLK GN - July $70c (51 delta) &/or Stock
http://www.investmenthouse.com/cs/ffiv.html
Continuing Pre-Announcement Play:
Play Date: 03/04/2006
DAKT (Daktronics--$35.08; +0.08; optionable): Scientific and technical instruments. Just announced earnings on 2-15-06. Researching to pinpoint the date, but really like this low volume test so did not want to wait.
BACKGROUND: Last announced a 2:1 split on 5-24-01 at $29.20. Before that a 2:1 split on 12-7-99 at $24.
http://biz.yahoo.com/p/d/dakt.html
STATUS: Breakout test. Nice tight doji on the 10 day EMA (34.92) on a jump in volume. Looks ready to continue the move. To recap: DAKT got a case of the dips in mid-February, crashing through the 50 day EMA (31.77) when it reported earnings. It was a one-day affair, however, as earnings were solid and DAKT shot right back up, breaking out anew from a 6 week lateral base. It spent the past two weeks easing back on low volume to the 10 day EMA, holding that level the past week. Strong money flow is leading higher even as DAKT makes the test. Very strong market leader with excellent fundamentals to set the stage for the next move to a new all-time high.
Volume: 115.026K Avg Volume: 111.91K
BUY POINT: $35.81 Volume=168K Target=$41.95 Stop=$34.64
POSITION: QKC GG - July $35c (60 delta) &/or Stock
http://www.investmenthouse.com/cs/dakt.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
AMX 02/18 Asc Bse 34.98 -0.37 35.45 41.85 4.1M 5.6M 34.15
Current.
ANN 02/25 PreAnn 36.67 -0.85 36.05 43 700K 2M 34.89
Buy Not Issued.
ANSS 03/04 PreAnn 47.28 -0.42 48.89 56.95 142K 475K 47.31
Buy Not Hit.
APC 03/02 PreSplt 98.35 -3.54 102.89 118 2.4M 3M 99.72
Buy Not Issued. Stock has not made the move we were looking for so will drop.
ATHR 02/28 FlyPlat 22.85 -0.1 21.98 26.45 677K 1.4M 21.88
Current. Beginning to make a lateral move on low volume. 10 day MVA moving up to meet the stock.
BLUD 02/25 PreAnn 29.29 -0.4 31.55 37.95 262K 669K 29.89
Buy Not Hit.
BR 03/04 PreAnn 89.88 -1.33 91.88 104.95 4M 7M 90.05
Buy Not Hit.
BRCM 02/14 PreSplt 47.88 -0.75 45.66 52.38 12M 10M 46.05
Current.
BRO 02/21 DB hdl 32.4 -0.04 32 37.95 382K 808K 31.31
Current.
CELG 02/16 PreSplt 40.32 +0.21 35.45 40.75 3.3M 3M 39.24
Target Hit. At stock hit the target intraday and took some of the money off the table. Continue with uptrend.
CELG 01/17 PreSplt 40.32 +0.21 32.28 39.45 3.3M 3.2M 39.24
CELL 01/17 Cup hdl 29.38 +0.87 20.83 24.94 820K 1.3M 28.08
Current.
CEPH 02/23 PreAnn 81.28 -1.21 76.72 92 1.6M 3M 80.29
Ease back on low volume. Continue to trend higher.
CHE 02/22 Asc Bse 53.78 -0.84 55.65 65.75 120K 284K 54.64
Current. Tapped 54.63 at the intraday high, but gave it back holding below the 18 day MVA on low volume. Testing the breakout. May test back to support at 53.16.
CHRW 01/31 DB hdl 44.89 -0.38 42.03 49.98 721K 1.4M 44.14
Current. Pullback tapping 44.35 at the intraday low and rallied back on low volume. May continue to test back to support at 44.26.
CLZR 02/25 PreAnn 17.32 -1.12 19.12 22.95 589K 558K 18.42
Exited.
CNI 02/07 PreSplt 47.02 -0.82 45.22 50.98 1.3M 800K 46.38
Current. Pullback testing the 18 day MVA intraday and rallied back on slightly above average volume. May continue to test back to 18 day MVA (46.40).
CNQ 03/02 PreAnn 58.49 -2.01 60.78 69.95 1.1M 1.5M 57.45
Buy Not Issued.
COH 02/11 DB hdl 35.6 -0.52 36.88 42.95 1.5M 4.1M 35.15
Buy Not Issued.
CRDN 02/25 PreAnn 62.07 -0.44 60.35 72.32 1.1M 1.1M 60.15
Current.
CTSH 03/04 PreAnn 56.49 -2.24 57.38 68 1.1M 2M 55.78
Buy Not Hit.
CWTR 03/04 Cup hdl 21.85 -0.22 22.81 27.45 1.4M 1.9M 21.39
Buy Not Hit. Tapped 22.50 at the intraday high, but gave it back holding the 10 day MVA on slightly above average volume. still forming the handle.
DAKT 03/04 PreAnn 35.08 +0.08 35.81 41.95 115K 168K 34.64
Buy Not Hit.
DBRN 02/21 PreAnn 42.75 -0.06 44.11 52.95 637K 1.2M 42.55
Buy Not Issued.
DIOD 02/22 Asc Bse 38.37 -0.88 38.25 45.88 235K 550K 38.28
Current.
DIOD 01/26 Test 18 38.37 -0.88 35.65 41.85 235K 518K 38.28
Current.
DTAS 01/23 Test 50 13.59 +0.01 13.91 16.77 627K 1.2M 13.97
Current. Tested the 50 day MVA intraday and rallied back showing a doji on the simple 50 day MVA. Looking for stock to rebound from here.
DVA 01/24 PreAnn 58.16 -0.36 56.21 64.75 1.2M 816K 58.11
Current.
FFIV 02/17 Test 50 67.16 -2.05 63.65 77.95 1.3M 1.7M 66.48
Current. Pullback holding the 10 day MVA on average volume. May continue to test back to 18 day MVA (65.40)as stock tests the breakout.
FRK 02/23 PreAnn 56.9 -1.54 59.75 71.75 479K 850K 57.05
Buy Not Hit.
GCO 02/28 PreAnn 38.46 -1.64 41.82 48.95 804K 277K 40.02
Buy Not Hit. The stock has not performed so will drop.
GG 02/25 PreAnn 28.09 +0.14 27.07 32.45 8M 5M 26.18
Current. Gapped higher on strong volume, tested the 10 day EMA,
and rebounded to close fractionally higher. Strong
earnings; huge profit increase. No split announcement.
Still looks solid to continue the advance.
GS 02/14 PreAnn 145.02 -0.98 144.88 156.95 2.9M 4.4M 142.98
Current. Ease back on low volume holding at support. May continue to test back to 10 day MVA (147).
IEX 02/23 PreAnn 47.18 -0.22 48.05 55.35 128K 200K 46.36
Buy Not Hit. Pullback tapping 46.43 at the intraday low and rallied back holding the 10 day MVA on low volume. Still in the pattern. Looking good coming off the day's low.
ITG 02/09 PreAnn 48.15 -0.5 45.25 53.95 847K 700K 43.15
Buy Not Issued. Gapped up at the open, but gave it back on very strong volume surge. Needs to make a low volume pullback.
JEC 12/10 PreAnn 84.62 -1.01 66.75 75.95 501K 610K 84.48
LEH 03/04 PreAnn 146.12 -1.59 148.95 167.55 1.8M 3M 144.45
Buy Not Hit.
MATR 03/02 FlyPlat 43.56 -0.36 45.11 52.55 176K 295K 42.92
Buy Not Hit.
MRVL 03/01 Test 50 62.33 -1.65 66.15 75.75 4.6M 5.8M 62.55
Exited.
MRVL 02/14 PreAnn 62.33 -1.65 65.35 75.75 4.6M 7M 63.45
Exited.
MSCC 03/04 PreAnn 30.65 -0.71 31.88 38 562K 1.3M 30.58
Buy Not Hit. Ease back holding the 18 day MVA on low volume. Should hold here.
NURO 02/28 Cup hdl 35.46 -2.05 38.65 45.55 220K 352K 36.44
Current.
NVDA 02/06 Test 18 49.06 -0.1 46.96 55.45 4.4M 6.1M 46.48
Current. Announced its split, gapping higher to 50 but unable
to hold the move. Still in its nice uptrend.
OPLK 03/02 Asc Bse 17.36 +0.21 17.99 21.69 351K 258K 16.68
Current.
PNRA 02/04 PreAnn 70.62 -0.03 72.55 83.25 311K 801K 70.35
Buy Not Issued. Showing a doji on 18 day MVA on rising, but below average volume. Doji may indicate a change in pattern to the upside.
POOL 02/11 Asc Bse 42.8 -0.51 41.08 48.94 146K 285K 42.98
Trailing Stop.
PPDI 02/18 Test BO 34.43 -0.46 35.06 39.95 327K 544K 34.41
Buy Not Issued.
PPDI 01/19 PreAnn 34.43 -0.46 32.44 37.32 327K 561K 34.22
QCOM 03/04 Rv H&S 47.24 -0.39 48.88 57.95 13M 19M 46.55
Buy Not Hit. Tapped 48.36 at the intraday high, but gave it back holding below the 18 day MVA on rising, but average volume. May continue to test back to support at 47.
QLGC 02/23 PreSplt 20.32 -0.47 20.21 23.58 2.6M 2.2M 19.89
Current.
RSTI 02/18 FlyPlat 52.01 -1.36 51.95 59.95 133K 173K 51.92
Current. Pullback holding the 10 day MVA on stronger above average volume. Stock may continue to test back to 18 day MVA (51.15)
SLAB 03/01 Test BO 49.32 -0.64 50.76 60.95 1.1M 1.8M 47.68
Buy Not Issued.
SLB 03/02 PreSplt 117.34 -4.88 120.77 130 6.3M 8M 119.82
Exited.
SNDK 01/14 Test BO 58.73 -0.55 73.72 89.45 9.2M 21M 71.55
Current. Pullback below the 10 day MVA on low volume. Stock should hold at support at 57.39
SNDK 12/20 DB hdl 58.73 -0.55 60.69 72.38 9.2M 20M 71.55
Current.
STT 01/25 Asc Bse 61.45 -0.8 61.11 70.32 782K 1.6M 61.45
Trailing Stop.
TALX 02/21 Test 50 32.18 -1.85 33 39.42 521K 729K 32.41
Current.
TECH 02/27 PreAnn 59.34 -0.17 60.57 71.88 142K 374K 58.88
Buy Not Hit. Pullback tapping 58.65 at the intraday low and rallied back showing a tight doji just under the 10 day MVA on low volume. Should be ready to rebound from here.
TKC 01/28 Test BO 18.54 +0.19 18.55 22.25 469K 630K 18.39
Current. Another doji on the 10 day MVA on stronger above average volume. Should continue to move up after testing the 18 day MVA.
TRID 02/06 Test 18 28.16 -0.52 26.22 31.72 798K 2.5M 27.05
Current. Pullback on low volume holding the 10 day MVA. Should hold here.
TRID 01/24 Test BO 28.16 -0.52 22.88 27 798K 2.2M 27.05
VMC 02/23 PreAnn 78.3 -0.97 80.11 92 438K 800K 77.45
Buy Not Issued. Pullback holding the 18 day MVA on rising, but below average volume. If stock continues to pullback below the 18 day MVA may consider selling calls and let stock test back to support at 50 day MVA.
WBSN 02/15 PreSplt 60.2 -2.12 62.05 68.65 584K 844K 60.35
Buy Not Issued. Stock has not made the move we were looking for so will drop.
WFT 03/02 Rv H&S 42.29 -2.19 44.89 51.95 2.9M 5M 42.64
Buy Not Issued. Stock has not performed so will drop.
WIRE 02/13 Test BO 35.16 +0.78 30.98 36.98 942K 485K 33.65
Current. Continue with the uptrend for a nice gain on stronger above average volume.
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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