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stock watch, stock split
Begin part 2 of 3
THE PLAYS:
These are set to move up, but with all plays on a rebound, we have to watch the strength of the rebound overall in the market. We are looking at these as trades to start but if they really power higher and the market improves we will let them run more.
Pre-Announcement Plays: Wildcards as far as potential splits, but in good position
Play Date: 05/17/2006
LRCX (Lam Research--$47.45; -1.03; optionable): Chip equipment
http://biz.yahoo.com/p/l/lrcx.html
After Hours: $47.47
STATUS: Test 50 day EMA. LRCX rallied to start May with a nice high volume break higher, moving out of a 13 week cup with handle base that formed over the 50 day EMA (46.89). It got caught in the selling, but most of the downside was on light to below average volume, and unlike many stocks, the pullback did not wreck its pattern. Volume was up Tuesday as LRCX showed a nice hammer doji at the 50 day. Want to see continued rising volume as LRCX moves through the buy point.
Volume: 3.175M Avg Volume: 3.151M
BUY POINT: $48.57 Volume=4M Target=$58.65 Stop=$46.55
POSITION: LMQ IJ - Sept. $50c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/lrcx.html
Play Date: 05/17/2006
CYMI (Cymer--$48.73; -0.90; optionable): Chip equipment
http://biz.yahoo.com/p/c/cymi.html
STATUS: Test 50 day EMA. CYMI was moving on solid volume to start May, trying to move past its mid-April high at 56. The selling caught it, and as with other stocks CYMI sold off. The action managed to fill the gap from April, holding the 50 day SMA (48.58) the past three sessions. Money flow remains strong even with this pullback. Want to see a good volume break higher through the buy point.
Volume: 1.152M Avg Volume: 964.4K
BUY POINT: $50.11 Volume=1.4M Target=$60.00 Stop=$48.44
POSITION: COG HU - Aug. $50c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/cymi.html
CONTINUING PRE-ANNOUNCEMENT PLAYS:
Play Date: 05/11/2006
WCN (Waste Connections--$39.95; 0.00; optionable): Waste management. Forecast 5-25-06 at 10:00PT with its annual shareholder meeting.
BACKGROUND: Last announced a 3:2 split on 5-26-04 at $41.80.
http://biz.yahoo.com/p/w/wcn.html
STATUS: Double bottom w/handle. Holding up well just below 40, using the 10 day EMA (39.70) as support. Good volume this week and just waiting for the breakout. To recap: Short but nice pattern over the 50 day EMA is consolidating the breakout move form a big 9 month base in March. Forming the handle to the base, coming back to tap the 18 day EMA on the low and rebounding to cut the losses. Money flow is running higher ahead of price. Just want to see the volume run higher as WCN moves to a new all-time high.
Volume: 515.8K Avg Volume: 510.35K
BUY POINT: $40.22 Volume=600K Target=$46.95 Stop=$39.00
POSITION: WCN JH - Oct. $40c (60 delta) &/or Stock
http://www.investmenthouse.com/cs/wcn.html
CONTINUING PRE-SPLIT PLAYS
Play Date: 05/15/2006
SHOO (Steven Madden--$50.26; -0.61; optionable): Footwear. Splits 3:2 on 5-26-06
http://biz.yahoo.com/p/s/shoo.html
After Hours: $50.27
STATUS: Test 18 day EMA. Still a nice tight test of the 18 day EMA Wednesday as volume fell back just below average. Set up well for the move. To recap: Big gap higher in April on raised guidance and then more on the early May earnings. It has since tested, coming back on lower volume to the 18 day EMA this week on the lows then bouncing back on stronger volume. Looks good on the test, setting up for the pre-split run.
Volume: 230.873K Avg Volume: 224.276K
BUY POINT: $51.88 Volume=332K Target=$62.00 Stop=$49.87
POSITION: SEU IJ - Sept. $50c (60 delta) &/or Stock
http://www.investmenthouse.com/cs/shoo.html
CONTINUING PLAYS
* * SPREADSHEET DOWNLOAD * * *
The following link is to a spreadsheet download of the continuing play table. It will allow subscribers to sort the data for your personal investment use. This is a service to our subscribers only, and no other use of the information is authorized. Simply click on the link, enter your username and password, and download the spreadsheet!
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
AEIS 05/03 Cup hdl 14.46 -0.34 16.92 20.32 584K 800K 16.00
Current. More volatile. Pullback on stronger above average volume below the 50 day MVA managing to hold at some support. Needs to hold at support at 14.
ATK 05/13 PreAnn 78.82 -2.30 82.97 95.50 508K 400K 81.21
Buy Not Hit. The stock has not made the move we were looking for so will drop.
BECN 05/16 Test BO 38.02 -2.34 40.85 47.00 384K 250K 39.15
Buy Not Hit. The stock has not made the move we were looking for so will drop.
CELG 05/10 Cup hdl 38.73 -3.11 43.55 52.00 6M 5M 40.88
Buy Not Hit. The stock has not performed so will drop.
CMC 04/29 PreSplt 50.94 -2.95 55.82 66.66 1.3M 1.2M 59.95
Exited.
CORS 04/25 PreSplt 61.80 -2.50 63.60 72.00 491K 399K 64.88
Exited.
CTSH 04/26 Test BO 64.29 -2.21 64.11 73.95 1.8M 1.4M 66.38
Current.
CWTR 05/13 Test 50 28.25 -0.13 29.48 35.50 835K 1.5M 27.50
Buy Not Hit. Beginning to consolidate below the 18 day MVA on low volume. still in the pattern.
DAKT 04/08 PreAnn 40.00 -1.61 40.05 47.45 156K 195K 41.22
Current.
DBRN 03/27 PreSplt 23.12 -1.00 24.30 29.35 1.1M 1.1M 25.92
Exited.
DBRN 02/21 PreSplt 23.12 -1.00 22.77 27.25 1.1M 1.2M 25.92
DE 05/11 PreAnn 86.45 -2.86 89.65 103.95 2.9M 2.5M 88.04
Buy Not Issued. The stock has not made the move we were looking for so will drop.
DIA 04/27 Test 18 111.96 -2.31 114.52 117.55 17M 7.2M 114.87
Exited.
DO 05/02 PreAnn 87.15 -2.65 93.57 107.95 2.9M 2.8M 89.38
Buy Not Issued. Stock has not performed so will drop.
ESI 05/06 PreAnn 63.71 -0.24 65.24 77.50 340K 579K 63.05
Buy Not Issued.
FDX 05/16 PreAnn 109.92 -5.51 116.85 134.00 3.2M 2.2M 113.74
Buy Not Hit. Well, didn't take long to tank. A split announcement
is no match for a high volume sell off so we will let
it make the test and see how it holds and sets back
up to see if we can get an entry point.
FTO 05/06 PreSplt 57.25 -1.60 65.55 76.95 1.5M 2.2M 61.89
Current.
GG 03/20 Asc Bse 31.88 -1.25 28.32 33.98 16M 5.6M 38.22
Current. Continue to pullback managing to hold above the simple 50 day MVA on strong volume surge. Should hold at the simple 50 day MVA (31.65)
GRMN 05/16 PreAnn 87.80 -5.47 94.85 110.00 1.3M 1.4M 91.89
Buy Not Hit. Stock has not made the move we were looking for so will drop.
GRMN 04/01 PreAnn 87.80 -5.47 81.75 95.00 1.3M 2M 93.12
Current. Pullback on stronger above average volume. May test back to support at 87.50
HAL 05/09 PreSplt 73.76 -1.25 82.12 95.95 7.9M 8.5M 79.38
Current.
HOC 05/13 PreSplt 78.97 -1.22 82.35 98.50 644K 720K 79.00
Buy Not Hit. Pullback on stronger above average volume managing to hold the 18 day MVA on stronger above average volume. Still in the pattern.
IGT 05/02 Test BO 37.62 -0.72 39.08 45.75 2.1M 2.5M 37.57
Current.
JBHT 05/13 Cup hdl 23.98 -0.67 25.95 31.00 1.8M 2.5M 24.45
Buy Not Hit. The stock has not made the move we were looking for so will drop.
JCOM 04/27 Test BO 48.46 -1.15 50.22 57.89 426K 800K 49.45
Current.
KMG 05/13 PreSplt 108.00 -1.61 110.20 125.95 2.7M 2.5M 106.31
Current.
LCAV 05/06 PreAnn 55.60 -0.91 57.98 69.50 385K 1.1M 55.00
Buy Not Issued. Pullback holding the 10 day MVA on low volume. Moving up after testing the 18 day MVA.
LUK 05/06 PreAnn 60.56 -1.00 62.62 74.00 450K 375K 60.81
Current. Pullback below the 18 day MVA on lower, but above average volume. May continue pullback to test back the simple 50 day MVA (59.85)
NTES 05/16 Dbl btm 21.80 -1.20 23.55 28.38 8.4M 4.4M 21.95
Buy Not Issued.
OII 05/16 Test BO 68.46 -0.81 70.55 82.00 667K 600K 67.00
Buy Not Hit. Pullback on strong volume holding above the 18 day MVA. Still in the pattern.
PLCE 04/18 PreAnn 63.80 +0.12 62.18 72.35 546K 800K 64.39
Current.
POT 05/02 PreAnn 94.24 -2.43 101.04 117.50 644K 1M 103.45
Current. Continue to pullback on low volume managing to hold the 50 day MVA. Should hold here and rebound.
PPDI 05/13 Test 50 35.38 -0.91 36.22 42.96 565K 924K 34.68
Buy Not Issued. Pullback on average volume holding above the simple 50 day MVA. Still in good shape.
RAVN 05/13 PreAnn 36.73 -1.68 40.55 48.70 64K 125K 38.55
Buy Not Hit. The stock has not made the move we were looking for so will drop.
RMD 03/27 Test BO 47.33 +0.30 43.95 50.95 543K 600K 46.22
Current. Continue with the uptrend on stronger above average volume. Came off the day's high of 47.85.
SBUX 05/04 Test 50 36.41 -0.65 39.34 46.95 7M 6M 37.95
Current. Pullback on lower, but strong volume. Trying to break the through the 50 day MVA (37)
SHFL 05/16 PreAnn 39.87 -0.46 40.55 48.50 912K 1M 38.50
Buy Not Hit.
SHOO 05/15 PreSplt 50.26 -0.61 51.88 62.00 231K 332K 49.87
Buy Not Hit. Pullback showing a tight doji on the 18 day MVA on average volume. Testing the breakout. Should be ready to bounce from here.
SLB 05/09 Test 18 65.93 -1.05 72.38 86.00 9.2M 12M 69.39
Current. Gapped down tapping 65.02 at the intraday low and rallied back to hold the 50 day MVA on average volume. Should be ready to rebound from here.
SNDK 05/09 Asc Bse 61.65 +0.05 65.88 79.00 10M 17M 62.38
Buy Not Hit. Bounce to hold the 10 day MVA on rising, but average volume. Still in the pattern.
SOX 05/03 Test 50 478.68 -5.58 526.00 550.00 0 0 523.00
Current. Needs to hold at support at 475.
VIP 04/22 Dbl btm 44.45 -2.20 48.40 55.95 1.7M 1.2M 48.39
Current.
VSEA 04/25 Dbl btm 29.96 -0.58 32.67 38.00 982K 1.4M 32.25
Current.
WCN 05/11 PreAnn 39.95 0.00 40.22 46.95 516K 600K 39.00
Buy Not Hit. Meeting some resistance at 40.
WIRE 05/15 Test 50 40.86 +0.43 40.44 48.00 1M 1.8M 39.22
Buy Not Issued.
WIRE 04/01 DB hdl 40.86 +0.43 35.28 42.45 1M 884K 44.21
Current.
WSM 05/06 PreAnn 40.92 -1.28 44.32 51.00 2.3M 900K 43.89
Buy Not Issued. The stock has not performed so will drop.
ZVXI 05/04 PreSplt 21.28 -0.54 21.95 36.00 63K 140K 21.89
Current.olume.
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 watch
stock split
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