Commentary
Sector Watch


Play of the Day
Current Plays
Watch List
New Plays
Play Updates
Drops


Announcements
Current Split Catalog
New Candidates
Candidates Index
Expected Splits
Splits 101


Play Results
Split Predictions


Ask the Trader
Trading 101
Bookstore
Glossary
Dow Charts
FAQ


Splits
SEC Filings
Coming Economic Events
BoD Meetings
Earnings


Chat Room
Message Boards


Email Newsletter
Author Search
Advertise With Us
Change Password
Contact Us

PLAY > New Plays Sunday, May 20, 2001
New Split Plays   New Candidate Plays   New Momentum Plays
(We update our stop losses daily at the CURRENT PLAYS page.)

New Split Plays

None

New Candidate Plays

BKH - Black Hills Corporation $55.94 (+1.79)

The well-publicized California energy crisis and President Bush's energy plan have been very good for many utilities. Black Hills Corporation is a utility that primarily serves customers in South Dakota, Wyoming and Montana. However, the company does sell electricity throughout the western US. Earlier this month, BKH reported record profits of $1.37/share, which was an increase of 226% over the same quarter last year. The stock has been moving higher ever since the earnings report and on Friday the stock established a new high of $56.23. The strong share price may encourage the board to reward shareholders with a split. In the meantime, momentum traders might want to jump on this stock if it can establish yet another new high by trading above $56.23. This trade might be more attractive if the move is accompanied by midday volume exceeding 90,000 shares. The technical picture is improving. The MACD issued a buy signal last week and the Money Flow and the OBV are both moving higher off their lows. The RSI is indicating an overbought condition. However the last time the RSI was at a similar level, the stock kept rallying and the overbought condition became more pronounced. Initial support can be found at $54.00 followed by more support at the 20-DMA of $52.31. We are placing out initial stop at $52.25 to protect against a reversal.


Picked on May 20th @ $55.94
Change since picked +0.00
Stop Loss @ $52.25
 
Interactive Chart Quote News First Call on BKH
 


KRI - Knight Ridder, Inc. $56.01 (+0.89)

Knight Ridder, Inc. publishes 32 daily and 22 non-daily newspapers in 28 markets across the US. The company also runs 45 Web sites associated with its print publications. Shares of KRI have spent the last two months consolidating in the $52-$55 range after hitting a relative low of $50.20 on March 22nd. Over the past two weeks, the stock has quietly moved out of its trading range, followed by a breakout on three consecutive higher highs coupled with higher lows. We believe that KRI may be ready to challenge its all-time highs and we are also looking for a split announcement with the July 17th earnings release. The company currently has 250M authorized and 75 million shares issued so it has enough shares for a split. From a technical standpoint, KRI has support at Friday's intra-day low of $55.61 with additional support at $55.23, the 10-dma. Resistance is the 100-dma at $56.30 and then the March 9th intra-day low of $57. Traders should look for entry points on a bounce off of $55.61 or a move above $57 on volume greater than 480,000 shares by noon. We plan to set stops at $54 to limit potential losses.


Picked on May 20th @ $56.01
Change since picked +0.00
Stop Loss @ $54.00
 
Interactive Chart Quote News First Call on KRI
 

New Momentum Plays

None

New Plays Index

 


Copyright 2001 SplitTrader.com

Do not duplicate or redistribute in any form.
Privacy Statement   Disclaimer   Terms Of Service