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stock split, stock research
Begin part 3 of 3
THE PLAYS
Good movers: AMX; CORS; DXPE; GG; GLG; NETL
Thursday night play results:
ADBE: Took Friday off after the strong Thursday move.
DIA: Still ready to make its move
DXPE: Nice break higher on strong volume.
QUIK: Faded back to the 10 day EMA to test the Thursday move
SLB: Volume was not huge but SLB started higher once more.
LEH: Looked strong with a solid volume early move but then reversed.
New Plays:
Upside:
Play Date: 04/29/2006
BLKB (Blackbaud--$21.01; +0.52; no options): Software for non-profit organizations
http://biz.yahoo.com/p/b/blkb.html
After Hours: $20.98
EARNINGS: May 8
STATUS: Test 50 day EMA. Good breakout in February from a 12 week flat base, running higher to 21.68 on that breakout run. It needed a breather to regroup and set up for the next move, and came back to test the 50 day EMA (19.74) in April, holding that level and then getting some legs under it the last half of last week. Strong stock with solid fundamentals to go along with the strong technical pattern that puts BLKB looking for a new all-time high. Strong money flow is leading higher and BLKB looks ready to follow. Just needs some volume to take it to the next level.
Volume: 316.758K Avg Volume: 509.194K
BUY POINT: $21.25 Volume=750K Target=$25.50 Stop=$20.15
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/blkb.html
Play Date: 04/29/2006
DJO (DJ Orthopedics--$39.76; +0.92; optionable): Medical appliances
http://biz.yahoo.com/p/d/djo.html
EARNINGS: May 4
STATUS: 50 day EMA test. Another stock showing a strong breakout in February and then a nice run higher. DJO broke out from a nice 13 week base and rallied higher up the 10 day EMA (38.79), then needed a test and a rest. It held the 50 day EMA (37.30) the second week of April, bounced, then made a higher low last week, bouncing well Friday though needing more volume. Nice test, ready for a new all-time high. Again, just add volume. Good sector for a market that turned a bit defensive last week despite the kudos for the economy.
Volume: 170K Avg Volume: 286.908K
BUY POINT: $40.22 Volume=310K Target=$48.00 Stop=$37.98
POSITION: DJO IH - Sept. $40c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/djo.html
Play Date: 04/29/2006
FSH (Fisher Scientific--$70.55; -0.29; optionable): Scientific research & clinical lab products. Forecast to announce a split 5-1-06 after the close.
BACKGROUND: Wildcard. No splits in FSH' history.
http://biz.yahoo.com/p/f/fsh.html
STATUS: Test breakout. FSH broke higher in mid-April, moving out of a 9 week ascending base that formed over the 50 day EMA (68.54) on the lows. Nice volume the past two weeks; not spectacular but strong each session. Very good accumulation and after this test back above the 10 day EMA (70.17), it will be ready to make the next run. Solid 4 to 1 accumulation (4 up price weeks on rising volume to 1 down price weeks on rising volume) shows plenty of buying during the base. Nice test and ready to resume given all of this strong volume.
Volume: 546.1K Avg Volume: 851.756K
BUY POINT: $71.45 Volume=1.3M Target=$82.00 Stop=$69.55
POSITION: FSH IN - Sept. $70c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/fsh.html
Play Date: 04/29/2006
HAE (Haemonetics--$54.50; +0.58; optionable): Medical instruments
http://biz.yahoo.com/p/h/hae.html
EARNINGS: May 4
STATUS: Test breakout. HAE broke higher just over a week back, moving out of a 4.5 month ascending base. Good move but in the market chop the past week could not extend it, indeed coming back to test the 18 day EMA (52.89). It found its footing there and rallied toward the end of the week. Looks ready to continue. Nice base that walked up the 50 day EMA (51.72) to set up the breakout move. Solid fundamentals support the nice technical pattern. A good sector for a more defensive market.
Volume: 290.3K Avg Volume: 252.065K
BUY POINT: $54.87 Volume=300K Target=$63.50 Stop=$52.71
POSITION: HAE IK - Sept. $55c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/hae.html
Play Date: 04/29/2006
RES (RPC, Inc.--$27.69; +1.08; optionable): Oil and gas service company
http://biz.yahoo.com/p/r/res.html
After Hours: $28.01
STATUS: Cup w/handle. The service companies are holding up the best of the energy stocks; they are still getting business from the last storm season even as the next is just weeks away. RES split in December, and after that run it needed a breather. It set up the current nicely formed 12 week base, using last week's weakness in the sector to test back to the 10 day EMA (26.78) and form the handle to its base. This is where the last sellers leave; once they are gone the stock can deliver the breakout. Looking for volume to turn back up as it makes that move. Strong fundamentals to go with the very nicely formed pattern.
Volume: 365.2K Avg Volume: 539.784K
BUY POINT: $28.55 Volume=810K Target=$34.50 Stop=$26.55
POSITION: RES IE - Sept. $25c (66 delta) &/or Stock
http://www.investmenthouse.com/ci/res.html
Play Date: 04/29/2006
WEBX (Webex Communications--$35.35; +1.76; optionable): Web collaboration services
http://biz.yahoo.com/p/w/webx.html
After Hours: $35.30
STATUS: Test breakout. WEBX broke out from a 2 year base to start March, rallying on solid volume. It rallied to 34 and then fell sideways in a 5 week lateral test of the breakout, working laterally over the 18 day EMA (33.43) on low, below average volume. It came back to life two weeks back, jumping on strong volume, pausing again, and then surging again Friday after pulling out a strong earnings report Thursday. Strong technically and fundamentally. Closed well off its high (37) Friday, so we want to see it hold this move and then rebound we are ready.
Volume: 2.251M Avg Volume: 833.584K
BUY POINT: $35.62 Volume=850K Target=$42.75 Stop=$33.32
POSITION: UWB IG - Sept. $35c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/webx.html
Good Investing!
Jon L. Johnson and your IH Alerts Team
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 in 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 research
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