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us stock market, trade stock
Beign part 3 of 3
THE PLAYS:
Good movers: RES; RIO; RMD; SBUX; VIP; VSEA
New Pre-Split Plays:
Play Date: 05/06/2006
APC (Anadarko Petroleum--$106.54; +1.96; optionable): Independent oil and gas exploration and production. Splits 2:1 on 5-30-06
http://biz.yahoo.com/p/a/apc.html
STATUS: Test 50 day EMA. APC set up a nice 12 week cup base and broke higher in mid-April, rallying close to 114 on the move. It failed to hold the nice break higher, however, selling off with most of the energy sector to end the month. It has managed to come back to the 50 day EMA (104.37), holding that support last Thursday as it tested lower and rebounded on strong volume. Looking at this as the shakeout and ready to move in as APC runs higher through the 10 day EMA (107.02) on some better volume.
Volume: 1.846M Avg Volume: 2.428M
BUY POINT: $107.25 Volume=2.7M Target=$120.00 Stop=$104.00
POSITION: APC HA - Aug. $105c (57 delta)
http://www.investmenthouse.com/cs/apc.html
Play Date: 05/06/2006
FTO (Frontier Oil--$63.37; +2.38; optionable): Oil refining. Splits 2:1 on 6-27-06
http://biz.yahoo.com/p/f/fto.html
After Hours: $63.35
STATUS: Ascending base. FTO is making a series of higher lows over the 18 day EMA (60.45) below a constant top at 63.90. After 5 weeks of this it looks to have built up enough pressure from below to send it higher and continue the breakout move from late February. Strong shot of volume Friday as FTO jumped off the 18 day EMA and toward the breakout point. Ready to move in as FTO continues higher. Like these patterns as the move higher can be explosive.
Volume: 1.751M Avg Volume: 1.457M
BUY POINT: $63.95 Volume=2.2M Target=$75.95 Stop=$60.38
POSITION: FTO JM - Oct. $65c (55 delta) &/or Stock
http://www.investmenthouse.com/cs/fto.html
New Post-Split Plays:
Play Date: 05/06/2006
CCJ (Cameco--$42.97; +0.67; optionable): Industrial metals and minerals
http://biz.yahoo.com/p/c/ccj.html
After Hours: $43.09
STATUS: Test breakout. Split in late February, almost a month into the 10 week base that CCJ broke higher from in mid-April. Nice consolidation using the 50 day EMA (38.53) as support as institutions used the consolidation to accumulate shares (Nice volume on the break higher. Has spent the past three weeks consolidating the breakout, bouncing off the 18 day EMA (40.90) at the end of April and spending last week bumping its head against the breakout point. One of the top stocks in terms of sales and earnings growth. Looking for strong volume on the break higher to initiate the play.
Volume: 1.565M Avg Volume: 2.334M
BUY POINT: $43.72 Volume=2.5M Target=$52.00 Stop=$41.72
POSITION: CCJ IV - Sept. $42.50c (60 delta) &/or Stock
http://www.investmenthouse.com/cs/ccj.html
Play Date: 05/06/2006
TEK (Tektronix--$36.18; -0.08; optionable): Test, measurement and monitoring devices.
BACKGROUND: Last announced a 2:1 split at $73 on 9-21-00. Before that a 3:2 split at $67 on 9-24-97.
http://biz.yahoo.com/p/t/tek.html
STATUS: Flat base. TEK is moving in a 7 week lateral base that is using the 18 day EMA (35.52) as support. Strong gap higher in mid-March on its earnings release and this test refuses to give up any of the gains, always a good sign. Excellent 3 to 0 accumulation in the lateral move (3 up price weeks on rising volume to 0 down price weeks on rising volume) shows excellent buying; that means a breakout is coming.
Volume: 283.7K Avg Volume: 524.692K
BUY POINT: $36.88 Volume=787K Target=$44.00 Stop=$35.32
POSITION: TEK JG - Oct. $35c (64 delta) &/or Stock
http://www.investmenthouse.com/cs/tek.html
PRE-ANNOUNCEMENT PLAYS
Current Pre-Announcement Plays:
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.
ANSS: Looking for an announcement with its shareholder meeting that will occur in late May or early June (date not yet set).
ATK: Forecast 5-5-06. There's money in that ammunition. ATK gapped higher Friday on earnings.
DAKT: Looking for a possible announcement with its June 1 board meeting.
DO: Forecast for the 5-22-06 shareholder meeting.
EOG: Forecast 5-5-06. Not showing anything ahead of the forecast date. Gapped higher on good earnings, but with the fall ahead of the announcement no split.
FRK: Forecast early May. No announcement last week as FRK recovered, moving off the 50 day EMA test.
GG: Forecast 5-15-06. Declaring dividends each month thus far in 2006
GPRO: Tentatively set for 5-2-06. Nice gap higher Wednesday on earnings though no split announced.
LRCX: No split in April. Enjoying the ride as we inquire about the next potential date.
PCU: Researching the next date
PLCE: Forecast 5-18-06 or with the shareholder meeting on 6-22-06.
POT: Researching the date. Nice move continues
RIO: Forecast 5-10-06. Sweet rally continues.
SU: Forecast 5-4-06. No split announcement Friday.
UBB: Wildcard with a potential split announcement on 5-11-06
NEW PRE-ANNOUNCEMENT PLAYS:
Play Date: 05/06/2006
ESI (ITT Educational--$64.65; +0.75; optionable): Education and training services. Forecast 5-8-06 during or 5-15-06 during. Earnings were 4-27-06.
BACKGROUND: Last announced a 2:1 split on 5-13-02 at $49
http://biz.yahoo.com/p/e/esi.html
STATUS: Ascending base. ESI is moving in a 3 month ascending base, making higher lows near the 50 day EMA (62.58) as it bumps into a constant top near 65. Positive 3 to 1 accumulation in the base shows plenty of buying. Volume rallied to end April as ESI moved back up to the breakout point, then faded last week as it slid laterally, holding a higher low above the 10 day EMA (63.62). Strong money flow is leading higher, a good complement to the accumulation. Looks ready; just needs to show us some volume this week.
Volume: 245.2K Avg Volume: 385.681K
BUY POINT: $65.24 Volume=579K Target=$77.50 Stop=$63.05
POSITION: ESI JM - Oct. $65c (52 delta) &/or Stock
http://www.investmenthouse.com/cs/esi.html
Play Date: 05/06/2006
LCAV (LCA-Vision--$56.41; +0.01; optionable): Laser vision centers. Announced earnings 4-25-06. Researching split date.
BACKGROUND: Last announced a 3:2 split on 11-17-04 at $32.20.
http://biz.yahoo.com/p/l/lcav.html
STATUS: Test breakout. LCAV gapped higher two weeks back on very strong volume, rallying on strong earnings results. That move took it out of an 11 week cup base in one quick move. It has spent the past two weeks testing, a lateral move with a slight fade toward the 10 day EMA (55.27) on low, below average volume. Positive accumulation in the base shows net buying as LCAV sets up for a new all-time high with a continuation of its breakout move. Friday it showed a nice doji on the candlestick chart, potentially indicating the move high is going to continue. Very nice.
Volume: 435.113K Avg Volume: 716.171K
BUY POINT: $57.98 Volume=1.1M Target=$69.50 Stop=$55.00
POSITION: JVQ IL - Sept. $60c (49 delta) &/or Stock
http://www.investmenthouse.com/cs/lcav.html
Play Date: 05/06/2006
LUK (Leucadia National--$62.08; +1.22; optionable): Holding company for manufacturing, healthcare, telecom, real estate, wineries, etc. Announced earnings 3-8-06. Researching the date.
BACKGROUND: Last announced a 3:2 split on 12-8-04 at $64.70.
http://biz.yahoo.com/p/l/luk.html
STATUS: Ascending base. After a breakout from a year long base in January, LUK ran higher up the 18 day EMA (60.73); great breakout move. It peaked just below 62 in early April and began a 5 week lateral move, testing the breakout run but refusing to give up any ground. Very strong stock. Friday LUK started to break higher from the consolidation. Volume was not there yet, however, so we are looking for stronger trade to kick in this week as it continues the move.
Volume: 165.9K Avg Volume: 332.486K
BUY POINT: $62.22 Volume=375K Target=$74.00 Stop=$60.72
POSITION: LUK IL - Sept. $60c (70 delta) &/or Stock
http://www.investmenthouse.com/cs/luk.html
Play Date: 05/06/2006
WSM (Williams Sonoma--$44.01; +0.86; optionable): Specialty retail (cookware, cutlery, etc.). Announced earnings 3-20-06. Researching the date.
BACKGROUND: Last announced a 2:1 split on 4-17-02 at 47.
http://biz.yahoo.com/p/w/wsm.html
EARNINGS: 3-20-06
STATUS: Cup w/handle breakout. Solid earnings in March jumped WSM higher in its base. Then it moved into a lateral 7 week base over the 50 day EMA (41.86), gapping higher Friday on stronger, above average volume. It is setting up for a breakout to a new all-time high. Excellent 6 to 2 accumulation is setting the stage for the move (6 up price weeks on rising volume to 2 down price weeks on rising volume), showing a lot of buyers versus sellers. This base is part of a larger 10 month triangle. Good volume move higher Friday, and looking to move in on a further break higher on this breakout move.
Volume: 720.9K Avg Volume: 621.549K
BUY POINT: $44.32 Volume=900K Target=$51.00 Stop=$43.89
POSITION: WSM HV - Aug. $42.50c (69 delta) &/or Stock
http://www.investmenthouse.com/cs/wsm.html
CONTINUING PRE-ANNOUNCEMENT PLAYS:
Play Date: 05/02/2006
DO (Diamond Offshore--$94.90; -0.10; optionable): Oil and gas offshore drilling.
BACKGROUND: Last announced a split 7-10-97 at $82.
http://biz.yahoo.com/p/d/do.html
After Hours: $95.05
STATUS: Test breakout. Still working laterally over the 18 day EMA (92.86) the past 5 weeks as it tests the late March breakout. Volume surged Friday as DO tapped at the breakout and faded a hair. Looks ready to make its move this week. To recap: Broke out from a nice 9 week range in late April, surging on strong volume. It moved to 95 and started to move laterally once more, setting the groundwork for the next move. Like the high volume Friday as DO narrows its range and taps at the breakout point. Strong market leader, and looking to move in as it continues higher.
Volume: 3.419M Avg Volume: 2.724M
BUY POINT: $96.55 Volume=2.8M Target=$109.95 Stop=$92.00
POSITION: DO IS - Sept. $95c (58 delta) &/or Stock
http://www.investmenthouse.com/cs/do.html
CONTINUING PRE-SPLIT PLAYS:
Play Date: 05/04/2006
ZVXI (Zevex International--$21.37; +1.32; no options): Splits 3:2 on 5-22-06
http://biz.yahoo.com/p/z/zvxi.html
STATUS: Breakout test. ZVXI moved well Friday and we were ready to move in late but it turned down and moved below the buy point. A last minute trade bounced it back up. In short, it is a buy as it continues higher this week. To recap: Nice breakout move two weeks back, breaking out from a 9 week cup with handle base and surging to 20. Solid 3 to 2 accumulation in the base (3 up price weeks on rising volume to 2 down price weeks on rising volume) set up the breakout. Nice lateral move in a tight range, waiting for the 10 day EMA (19.72) to catch up to it. Just about there and ready to resume the move.
Volume: 143.33K Avg Volume: 73.054K
BUY POINT: New: $21.48 (orig. $21.12) Volume=140K Target=$25.35 Stop=$19.64
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/zvxi.html
CONTINUING POST-SPLIT PLAYS:
Play Date: 05/04/2006
MCHP (Microchip--$37.95; +0.01; optionable): Semiconductors
http://biz.yahoo.com/p/m/mchp.html
STATUS: Cup w/handle. Good move Thursday but Friday the chips took the day off, resting before making the next move. That leaves MCHP in great shape and ready for a new all-time high this week. To recap: MCHP made a few attempts at breaking out in April, but in the market chop it just couldn't quite make the real breakaway move; it would start, but then fade. Nice 14 week base formed above the 50 day EMA (36.41), consolidating and setting up for a new all-time high. Made a higher low at that level the past week and jumped higher this week. Solid move last Thursday on rising almost average volume. Money flow is leading higher as MCHP readies for the new all-time high. Solid 4 to 2 accumulation in the base. Looks nice and looks ready.
Volume: 1.193M Avg Volume: 1.573M
BUY POINT: $38.64 Volume=2.4M Target=$45.00 Stop=$37.00
POSITION: QMT JG - Oct. $35c (70 delta) &/or Stock
http://www.investmenthouse.com/cs/mchp.html
CONTINUING LEADER PLAYS:
Play Date: 05/04/2006
ISIL (Intersil Holdings--$30.70; +0.04; optionable): Analog integrated circuits
http://biz.yahoo.com/p/i/isil.html
After Hours: $30.69
STATUS: Reverse head and shoulders. Strong move Thursday and then stalled Friday on very low volume. Still looks super for the continued breakout move this week. To recap: ISIL is heading for a 4 year high, starting the breakout from a 14 week base. Gapped higher in January on strong earnings, rallied to 30, then filled the gap in March; that formed the 'head.' Rebounded and spent April moving laterally, forming the right shoulder. Nice higher low the past week at the 18 day EMA (29.52) and starting higher. Needs to show more volume as it runs higher. Solid 4 to 2 accumulation shows net buying. Solid technical position and good fundamentals to match.
Volume: 1.024M Avg Volume: 1.963M
BUY POINT: $30.95 Volume=3M Target=$37.00 Stop=$29.15
POSITION: UFH JF - Oct. $30c (62 delta) &/or Stock
http://www.investmenthouse.com/cs/isil.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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