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Begin part 3 of 3
THE PLAYS:
Good movers: GG; LRCX; RIO
New Pre-Split Plays:
Play Date: 05/09/2006
HAL (Halliburton--$81.77; +1.76; optionable): Oil and gas service company. Splits 2:1 on a date to be announced.
http://biz.yahoo.com/p/h/hal.html
After Hours: $82.00
STATUS: Test 18 day EMA. Volume jumped back above average Tuesday as HAL jumped off the 18 day EMA (79.25), ready to continue its break higher. Strong mid-April breakout from its 11 week base that formed using the 50 day EMA (76.15) as support. It fell back in late April with the general energy selling, tapping at the 50 day EMA (76.15) on the low. It rebounded, worked laterally for a week over the 18 day and now looks ready to resume. Positive accumulation. Looks ready to go.
Volume: 7.291M Avg Volume: 7.324M
BUY POINT: $82.00 Volume=8.5M Target=$95.95 Stop=$79.00
POSITION: HAL JQ - Oct. $85c (51 delta) &/or Stock
http://www.investmenthouse.com/cs/hal.html
Play Date: 05/09/2006
HTLD (Heartland Express--$25.28; +0.08; optionable): Trucking. Splits 4:3 on 5-16-06
http://biz.yahoo.com/p/h/htld.html
STATUS: Test 10 day EMA. Strong move off the 200 day SMA (21.37) in mid-April, surging to 26. Needed to test that move and came back to the 18 day EMA (24.35) to start May. Good bounce last week and now moving laterally in a tight range as the 10 day EMA (24.76) moves up to catch up with it. May take another day or two to finish the lateral move and resume the break higher.
Volume: 162.402K Avg Volume: 427.144K
BUY POINT: $25.62 Volume=525K Target=$30.50 Stop=$24.55
POSITION: QHK IE - Sept. $25c (57 delta) &/or Stock
http://www.investmenthouse.com/cs/htld.html
New Post-Split Plays:
Play Date: 05/09/2006
SLB (Schlumberger--$71.78; +0.80; optionable): Oil and gas service company
http://biz.yahoo.com/p/s/slb.html
STATUS: Breakout test. We said we were going to look at SLB when it finished its test, and it looks like it has done that, a very shallow one. SLB broke out from a 10 week base in mid-April. It is making its second test of that breakout, tapping at the 18 day EMA (69.23) Monday and rebounding to hold the 10 day EMA (70.69). Bounced some more Tuesday but no volume yet. Just looking for a bit more trade as it continues the breakout move. Strong 4 to 2 accumulation in the base shows plenty of buying to send it higher.
Volume: 5.42M Avg Volume: 11.085M
BUY POINT: $72.38 Volume=12M Target=$86.00 Stop=$69.15
POSITION: SLB HC - Aug. $72.50c (54 delta) &/or Stock
http://www.investmenthouse.com/cs/slb.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).
DAKT: Looking for a possible announcement with its June 1 board meeting.
DO: Forecast for the 5-22-06 shareholder meeting.
ESI: Researching the date.
GG: Forecast 5-15-06. Declaring dividends each month thus far in 2006
LCAV: Researching split date
LRCX: No split in April. Enjoying the ride as we inquire about the next potential date.
LUK: Researching 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.
UBB: Wildcard with a potential split announcement on 5-11-06
WSM: Researching date
NEW PRE-ANNOUNCEMENT PLAYS:
Play Date: 05/09/2006
SNDK (Sandisk--$63.35; -1.35; optionable): Semiconductor, flash memory. Researching date.
BACKGROUND: Last announced a 2:1 split $69.60 on 1-21-04.
http://biz.yahoo.com/p/s/sndk.html
After Hours: $63.60
STATUS: Ascending base. Okay, SNDK is looking perky again with volume surging Tuesday as it bumps up again the highs in its 5 week lateral move above the 50 day EMA (60.74). This is part of a 16 week cup base, ready to come off the bottom and form the right side of the pattern. That move can make us some solid coin because SNDK is setting up a pattern that delivers a strong break higher. Like the volume and looking for it to continue as SNDK clears the highs in the 5 week range.
Volume: 17.119M Avg Volume: 11.213M
BUY POINT: $65.88 Volume=17M Target=$79.00 Stop=$62.38
POSITION: SWF JU - Oct. $67.50c (50 delta) &/or Stock
http://www.investmenthouse.com/cs/sndk.html
Play Date: 05/09/2006
TSCO (Tractor Supply--$64.27; -0.03; optionable): Urban Home Depot. Forecast in mid-July, but setting up a good buy point.
BACKGROUND: Last announced a 2 for 1 split on 7-21-03 at $49.50. Before that a 2:1 split on 7-18-02 in conjunction with a board meeting. This stock price was $57.
http://biz.yahoo.com/p/t/tsco.html
STATUS: Ascending base. Big gap higher in early February as TSCO announced some solid earnings. The gap took it out of a 6 month reverse head and shoulders. It drifted higher the next two months to 67, now coming back to test the move, working laterally along the 50 day EMA (63.02) in a very tight, narrow range. Solid 3 to 1 accumulation in the lateral moves shows buyers moving in to send the stock to a new high. Looking for a strong move through 65 with a good volume surge.
Volume: 215.529K Avg Volume: 281.497K
BUY POINT: $65.42 Volume=422K Target=$76.00 Stop=$63.00
POSITION: QTF JM - Oct. $65c (57 delta) &/or Stock
http://www.investmenthouse.com/cs/tsco.html
CONTINUING PRE-ANNOUNCEMENT PLAYS:
Play Date: 05/02/2006
DO (Diamond Offshore--$95.74; +0.94; optionable): Oil and gas offshore drilling. Researching the date.
BACKGROUND: Last announced a split 7-10-97 at $82.
http://biz.yahoo.com/p/d/do.html
STATUS: Test breakout. Continues to hold the 18 day EMA (93.35), bumping up against 96 on the highs. That is the move we are looking for, on a big shot of volume, to start the play. It has been setting up for awhile now, showing a volume spike Friday. Want to see that again as it makes the next surge. 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: 1.919M Avg Volume: 2.709M
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
Play Date: 05/06/2006
LCAV (LCA-Vision--$56.75; -0.29; 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. Still working laterally over the 10 day EMA (55.80) on low, below average volume, setting up to continue the breakout run that started in late April. To recap: 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 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: 406.989K Avg Volume: 725.96K
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
CONTINUING PRE-SPLIT PLAYS:
Play Date: 05/06/2006
APC (Anadarko Petroleum--$106.97; +1.12; 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. Volume moved up Tuesday as APC bounced up off the 50 day EMA (104.52). Stalled out at the 10 day EMA (106.84). Want to see volume continue and APC make the break through that near resistance. To recap: 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 (104.52), 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 on some better volume.
Volume: 1.977M Avg Volume: 2.406M
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
CONTINUING POST-SPLIT PLAYS:
Play Date: 05/06/2006
CCJ (Cameco--$43.50; +1.01; optionable): Industrial metals and minerals
http://biz.yahoo.com/p/c/ccj.html
After Hours: $44.20
STATUS: Test breakout. Volume moved up to average Tuesday as CCJ cracked over the recent range that formed as a test of the mid-April breakout. Wanted to see a bit more of a breakaway move. If it continues it looks ready. To recap: 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 (38.87) 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 10 day EMA (42.18) 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: 2.017M Avg Volume: 2.231M
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--$35.99; +0.09; 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. Holding over the 18 day EMA (35.61) on low, below average volume, trying to make a higher low and continue the mid-March breakout. To recap: TEK is moving in a 7 week lateral base that is using the 18 day EMA 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: 396.9K Avg Volume: 529.544K
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
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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