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us stock market, stock split
Begin part 3 of 3
THE PLAYS:
Good movers: DBRN; DRIV; NVDA
New Pre-Split Plays:
Play Date: 03/21/2006
JLG (JLG Industries--$59.63; -0.86; optionable): Farm and construction machinery. Splits 2:1 on 3-28-06
http://biz.yahoo.com/p/j/jlg.html
STATUS: Test 50 day EMA. JLG has formed a very short three week cup with handle; hard to call it that, but that is the shape. This follows a strong November through February run after a strong break higher. Short base, but nice 2 to 0 accumulation (2 up price weeks on rising volume to 0 down price weeks on rising volume). Nice lateral move the past week over the 10 day EMA (58.79). Volume has traded above average the entire past two weeks. Looking for continued strong volume as it breaks past the highs in the handle.
Volume: 785.3K Avg Volume: 638.667K
BUY POINT: $61.45 Volume=900K Target=$70.95 Stop=$58
POSITION: JLG EL - May $60c (53 delta) &/or Stock
http://www.investmenthouse.com/cs/jlg.html
New Post-Split Plays:
Play Date: 03/21/2006
OPLK (Oplink Communications--$17.69; +0.44; no options): Semiconductor integrated circuits
http://biz.yahoo.com/p/o/oplk.html
STATUS: Ascending base. OPLK has set up very nicely over the 50 day EMA (16.36), forming a nice 9 week base. Volume has spiked this month as it tests, setting up the next break higher. Excellent 4 to 0 accumulation in the pattern (4 up price weeks on rising volume to 0 down price weeks on rising volume) shows all buying. Split in November, rallied, and then this base. It is about to show us it is ready with the next break higher on strong trade. Tuesday was a good start with strong volume. Now it just needs to clear resistance.
Volume: 386.817K Avg Volume: 197.593K
BUY POINT: $18.31 Volume=250K Target=$21.97 Stop=$17.03
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/oplk.html
Play Date: 03/21/2006
VIVO (Meridian Biosciences--$24.76; -0.87; optionable): Diagnostic substances
http://biz.yahoo.com/p/v/vivo.html
After Hours: $24.79
STATUS: Double bottom. VIVO split in September, continued to rally into October and then formed a 2 month cup base. Broke out, tested, and started back up. That move failed, however, and it sank into its next base, the current 8 week pattern that came back to the 50 day EMA (22.74), setting back up again. Strong volume break higher Monday and then a below average volume pullback Tuesday to test and rest. Excellent 4 to 1 accumulation shows solid buying that is setting up the next breakout move. Money flow is surging higher, a good complement to the accumulation. Ready to break to a new all-time high. May pullback a bit more to test and set up the next break higher. Solid.
Volume: 224.376K Avg Volume: 268.525K
BUY POINT: $25.25 Volume=300K Target=$30.45 Stop=$23.48
POSITION: ZUG GE - July $25c (56 delta) &/or Stock
http://www.investmenthouse.com/cs/vivo.html
Play Date: 03/21/2006
CPRT (Copart--$27.42; +0.39; optionable): Auto parts yards. Nice business. If this breakout runs then this can be a pre-announcement play for us down the road.
http://biz.yahoo.com/p/c/cprt.html
STATUS: Cup w/handle breakout. Volume jumped Tuesday as CPRT broke higher out of the handle to its 15 month base sporting solid 18 to 14 accumulation. This is taking CPRT to a new all-time high where it finally has some room to run after working through the overhead resistance hanging over it the past year. Ready to take some positions on a further move higher and then will look for a test to complete the buy.
Volume: 689.791K Avg Volume: 421.585K
BUY POINT: $27.65 Volume=435K Target=$33 Stop=$26.42
POSITION: KQJ HE - Aug. $25c (74 delta) &/or Stock
http://www.investmenthouse.com/cs/cprt.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.
AGN: Has taken over INMD now & looking for a potential split in June.
ANSS: Looking for an announcement with its shareholder meeting that will occur in late May or early June (date not yet set).
ARO: Researching date. Announced earnings 3-9-06.
ASEI: Tentatively set for 5-12-06 (Just announced earnings on 2-8-06).
BR: Forecast 4-27-06
DAKT: Looking for a possible announcement with its June 1 board meeting.
DO: Forecast 4-26-06 after the close. That is the likely date though if not, the 5-22-06 shareholder meeting.
DRI: Forecast 3-20-06. No announcement and not giving us any move that makes us want to move in.
EAT: Forecast 4-25-06 before the open.
FDX: Forecast 3-22-06
FRK: Forecast 4-25-06 after the close or 5-3-06. Good recovery underway. A test back to 57.50 that holds and bounces is a buy point.
GG: Researching to pinpoint the date.
GILD: Forecast for 4-17-06 after the close.
GPRO: Tentatively set for 5-3-06
IEX: Tentatively forecast with its annual shareholder meeting on 4-4-06 at 10:00ET
LLL: Forecast 4-25-06 with its shareholders meeting.
LMT: Forecast to announce with shareholder meeting on 4-27-06 at 10:30ET.
LRCX: Forecast 4-12-06 after the close.
PLCE: Forecast 5-18-06 or with the shareholder meeting on 6-22-06.
PNRA: Forecast 4-12-06
POOL: Forecast 4-20-06 before the open.
RNT: Forecast third week of April
TSCO: Forecast 4-26-06 after the close or 5-4-06 with its shareholder meeting at 10:00CT.
Continuing Pre-Announcement Plays:
Play Date: 03/18/2006
ARO (Aeropostale--$30.76; -0.3; optionable): Teen apparel.
BACKGROUND: Last announced a 3:2 split on 3-11-04 at $33.30.
http://biz.yahoo.com/p/a/aro.html
STATUS: Cup w/handle. Easing back on lower, below average volume the past two sessions after a strong volume move to end last week. Handling the market pullback well with its own modest move to the downside. May come back to test the 10 day EMA (30.30) before it resumes the move. Still solid. To recap: Volume has spiked up on 4 occasions this month as ARO put together upside moves on the last three. This occurred in the handle of its big 9 month base, the handle taking up the past three months as ARO moves laterally over the 50 day EMA (29.06). Those volume spikes show ongoing accumulation and are telling us to get ready for the breakout. Indeed, ARO started higher Friday on a strong volume move. Nice 3:1 accumulation in the handle (3 up price weeks on rising volume to 1 down price weeks on rising volume) and the strong money flow. Looking for a continued move this week to deliver us the breakout and the entry point.
Volume: 626.5K Avg Volume: 1.127M
BUY POINT: $31.45 Volume=1.5M Target=$37.75 Stop=$29.65
POSITION: ARO GF - July $30c (62 delta) &/or Stock
http://www.investmenthouse.com/cs/aro.html
Play Date: 03/20/2006
FDX (Federal Express--$113.22; -0.78; optionable): Next day delivery (most of the time). Forecast 3-22-06 with earnings.
BACKGROUND: Last announced a 2:1 split on 3-18-99 with earnings at 92.
http://biz.yahoo.com/p/f/fdx.html
After Hours: $113.99
STATUS: Test 10 day EMA. Nice doji at the 10 day EMA (113.28) Tuesday on rising, average volume. Set up nicely to break higher and continue the move Wednesday. To recap: Been looking for an entry into FDX for this play. It broke out from an 8 week base in late February and ran up the 10 day EMA. It jumped higher last Tuesday and Wednesday, then spent the next 4 sessions testing that move, holding the 10 day EMA on low volume. Looking for some volume as FDX moves back up off the 10 day to start the play. Has run a bit to this point so we are not going to try and grab too much on a continued run on this move.
Volume: 1.591M Avg Volume: 1.558M
BUY POINT: $115.05 Volume=1.7M Target=$125 Stop=$112.95
POSITION: FDX GC - July $115c (49 delta)
http://www.investmenthouse.com/cs/fdx.html
Play Date: 03/20/2006
GG (Goldcorp--$26.86; -0.84; optionable): Gold mining. Announced earnings on 3-6-06. Researching next date. Like the pattern.
BACKGROUND: Last announced a 2:1 split on 2-11-02 at $15.70.
http://biz.yahoo.com/p/g/gg.html
After Hours: $26.80
STATUS: Ascending base. Fell further Tuesday, dropping to the 18 day EMA (26.88) on rising but still below average volume. Keeps it in the pattern, but has to hold here to make a stronger pattern. To recap: Taking another run at GG after that quick test of the 50 day EMA (25.55) in early March made things kind of wild. It rebounded from that support on strong volume, extending the base to 7 weeks. Testing back, first holding the 10 day EMA (27.24) and then dropping to the 18 day EMA Tuesday. Still ready to make a higher low. Solid 3 to 1 accumulation in the pattern (3 up price weeks on rising volume to 1 down price weeks on rising volume) shows plenty of buying as the stock consolidates.
Volume: 3.495M Avg Volume: 3.585M
BUY POINT: $28.32 Volume=5.6M Target=$33.98 Stop=$26.77
POSITION: GG GY - July $27.50c (59 delta) &/or Stock
http://www.investmenthouse.com/cs/gg.html
CONTINUING PRE-SPLIT PLAYS:
Play Date: 03/18/2006
RJF (Raymond James Finl.--$44.15; -0.38; optionable): Splits 3:2 on 3-23-06
http://biz.yahoo.com/p/r/rjf.html
STATUS: Double bottom w/handle. Still working the handle, tapping at the 18 day EMA (43.96) on the low and recovering some to hold the 10 day EMA (44.11) on the low. Volume surged Tuesday, coming in well above average. Unlike many brokerages, RJF held its ground and continued its pattern. Going to be patient and let it show us the move higher. To recap: RJF made us some good money on its announcement subsequent run, and now it has corrected and is set up for another run for us into the split. It sold back to the 50 day EMA (42.56) two weeks back, making the last leg lower and jumped up off that key support. It ended the week with a narrow lateral move. Good action, the quiet before the next break higher.
Volume: 563.5K Avg Volume: 361.187K
BUY POINT: $45.22 Volume=534K Target=$53.95 Stop=$43.69
POSITION: RJF HI - Aug. $45c (56 delta) &/or Stock
http://www.investmenthouse.com/cs/rjf.html
CONTINUING POST-SPLIT PLAYS:
Play Date: 03/11/2006
CHRW (C.H. Robinson Worldwide--$45.83; +0.1; optionable): Air deliver and freight
http://biz.yahoo.com/p/c/chrw.html
After Hours: $45.83
STATUS: Test breakout. CHRW continues to work laterally over the 10 and 18 day EMA (45.35, 44.83), putting together a nice 3 week consolidation of its early February breakout and run higher from a 10 week double bottom with handle base. Nice low volume in this test but then spiking above average Friday and again Tuesday. Strong money flow is leading higher and relative strength is ready for the breakout, leading CHRW toward the breakout to a new all-time high. Very nice action from this strong market leader.
Volume: 973.424K Avg Volume: 846.187K
BUY POINT: New: Letting it clear the overhead that built up at $46.50: $46.65 (orig. $45.25) Volume=1.1M Target=$53.95 Stop=$43.69
POSITION: CJQ HI - July $45c (56 delta) &/or Stock
http://www.investmenthouse.com/cs/chrw.html
Play Date: 03/07/2006
TRID (Trident Microsystems--$28.03; -0.58; optionable): Semiconductors
http://biz.yahoo.com/p/t/trid.html
After Hours: $28.02
STATUS: Test 18 day EMA. TRID has made us some good money on its last run and it is now working laterally the past 5 weeks above the 18 day EMA (27.62) in a rather tight range. Money flow is strong. Relative strength is ready to make the breakout. Strong fundamentals. Volume has kicked up but needs to show us more as it makes the break higher from this range. Moved the buy higher to make the break from this range.
Volume: 1.426M Avg Volume: 1.705M
BUY POINT: New: 29.21 (orig. $28.11) Volume=2M Target=$33.75 Stop=$26.85
POSITION: HVU GE - July $25c (72 delta) &/or Stock
http://www.investmenthouse.com/cs/trid.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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