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MIDDAY BREAKOUTS REPORT - MONDAY, APRIL 2ND, 2012
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DOW 13276.67 64.63 (0.49%) | NASDAQ 3116.4 24.83 (0.80%) | S&P 500 1419.68 11.21 (0.80%)
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Time of Screening :
4/2/2012 11:55:23 AM Report Released :
4/2/2012 12:26:46 PM Price is:
Above 52W High and Less Than 52W High
but within 10% of the 52 Week High Volume Is:
At least 75% of 50 Day Average at
the time of the screening.
More details about this report...
At around
mid-way through each trading day we run
a screen against our database of
high-ranked stocks, searching for
possible buy candidates that are trading
at or near their 52-week high on above
average volume. The results of that
screen are split into the two sections
you see below. The first, titled
"TODAY's FEATURED STOCKS" shows stocks
that our experts have recently
identified as among the strongest candidates to
consider. Stocks highlighted in yellow
are the most timely and noteworthy, so
particular attention and prompt action
may be appropriate. The second section,
titled "TODAY's BREAKOUT SCREEN" shows
the remainder of stocks meeting today's
screen parameters. Our experts have
reviewed and included notes on these
stocks as well, but found that they may
not match up as favorably.
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Y - Today's strongest
candidates
highlighted
by our staff
of experts.
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G - Previously featured in
this report as yellow and
now may no longer be buyable
under the guidelines.
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Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE (%Change) |
Day High |
Volume (% DAV) (50 DAV) |
52 Wk Hi % From Hi |
Date Featured |
Price Featured |
Pivot Point |
Max Buy |
CTRX
- NASDAQ
Catamaran Corp
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$73.64
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-1.32 -1.76%
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$75.24
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336,450 86.56% of 50 DAV
50 DAV is 388,700
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$76.42 -3.64%
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2/23/2012 |
$68.24
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PP = $66.05 MB = $69.35 |
Most Recent Note - 4/2/2012 12:22:30 PM
G - Hovering near its 52-week high, extended from its prior base. Its 50 DMA line and prior highs in the $66 area define support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/6/2012. Click here.
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A N
S L
I M
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RGR
- NYSE
Sturm Ruger & Co Inc
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$50.80
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+1.70
3.45%
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$51.33
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255,713 83.59% of 50 DAV
50 DAV is 305,900
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$51.33 -1.04%
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3/22/2012 |
$46.49
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PP = $46.78 MB = $49.12 |
Most Recent Note - 4/2/2012 12:13:36 PM
G - Up today for another new high. Rose above its "max buy" level and the color code was changed to green again. Prior highs define initial support to watch on pullbacks toward its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/22/2012. Click here.
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A N
S L
I M
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RRTS
- NYSE
Roadrunner Trans Systems
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$17.55
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+0.20
1.15%
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$17.60
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118,203 81.52% of 50 DAV
50 DAV is 145,000
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$18.59 -5.59%
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2/10/2012 |
$17.40
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PP = $17.50 MB = $18.38 |
Most Recent Note - 4/2/2012 12:19:16 PM
Y - Testing support at its 50 DMA line today. Subsequent losses would raise concerns and trigger technical sell signals. A new pivot point was not cited, yet it has built a base-on-base pattern while consolidating above prior highs in the $17 area.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/13/2012. Click here.
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Symbol - Exchange - Industry Group Company Name |
Last |
Chg |
Day High |
52 WK Hi |
% From Hi |
Volume % DAV |
DAV |
ALOG
- NASDAQ - ELECTRONICS - Scientific & Technical Instrum
Analogic Corp
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$69.13 |
+1.59
2.35%
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$69.13
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$69.06
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0.10% |
43,997 76.65%
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57,400
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Most Recent Note for ALOG - 4/2/2012 11:57:02 AM
Hitting a new 52-week high today. Held its ground after a recent spurt of volume-driven gains. Reported earnings +92% on +8% sales revenues for the quarter ended January 31, 2012 versus the year ago period following 4 consecutive quarters of earnings increases below the +25% minimum guideline. Last noted in the 1/20/12 mid-day report - "Inching to new 52-week high territory after a 9-month reverse-head-and-shoulders base pattern. Earnings history is not a match with the fact-based system's guidelines."
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ANIK
- NASDAQ - DRUGS - Biotechnology
Anika Therapeutics Inc
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$13.20 |
+0.66
5.26%
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$13.25
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$13.25
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-0.38% |
73,280 97.84%
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74,900
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Most Recent Note for ANIK - 4/2/2012 11:58:32 AM
Hitting another new 52-week high today with a volume-driven gain. This low-priced stock was noted in prior mid-day reports - "Reported strong results for the quarter ended December 31, 2011, making it 3 consecutive quarterly comparisons (C criteria) above the +25% minimum earnings guideline. Its up and down annual earnings (A criteria) history remains a fundamental concern. Bullish action has continued after it appeared in 5 mid-day reports during February noted - 'Quarterly and annual earnings history has been below the investment system's guidelines.'"
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CKEC
- NASDAQ - MEDIA - Movie Production, Theaters
Carmike Cinemas Inc
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$14.48 |
+0.53
3.80%
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$14.50
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$14.47
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0.07% |
188,022 197.50%
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95,200
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Most Recent Note for CKEC - 4/2/2012 11:59:29 AM
Hitting another new 52-week high today, adding to a recent impressive spurt of volume-driven gains. It is very extended from any sound base pattern. Strong action came in recent weeks as the company provided encouraging guidance and received an analyst upgrade, however prior mid-day reports repeatedly noted - "Fundamentals still are not a match with the investment system's guidelines. It survived but failed to impress since noted in the 10/14/09 mid-day report - 'Poor annual earnings history.'"
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EQIX
- NASDAQ - Finance-Property REIT
Equinix Inc
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$158.20 |
+0.75
0.48%
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$158.34
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$159.50
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-0.82% |
922,767 76.80%
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1,201,500
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Most Recent Note for EQIX - 4/2/2012 12:01:39 PM
Perched at its 52-week high today after a considerable spurt of volume-driven gains. It is extended from prior chart highs. Reported earnings +21% on +25% sales revenues for the quarter ended December 31, 2011 versus the year ago period. Ownership by top-rated funds (I criteria) has been on the rise, however prior mid-day reports noted - "Earnings history has been erratic. There are fundamental concerns due to pre-tax, non-recurring items included in the past 8 quarterly reports. This is indicated by blue triangles in the earnings per share box on the chart service used by CANSLIM.net experts."
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FLT
- NYSE - DIVERSIFIED SERVICES - Business/Management Services
Fleetcor Technologies
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$38.19 |
-0.58 -1.50%
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$38.48
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$40.00
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-4.53% |
405,196 174.80%
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231,800
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Most Recent Note for FLT - 4/2/2012 12:05:25 PM
Up from early lows following a gap down today and a brief dip below its 50 DMA line. On 3/14/12 it priced a Secondary Offering. Prior mid-day reports noted - "Quarterly earnings increases in the Sep and Dec '11 comparisons versus the year ago periods were below the +25% minimum guideline. It has formed a 9-month cup shaped base."
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FRME
- NASDAQ - BANKING - Regional - Midwest Banks
First Merchants Corp Mun
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$12.15 |
-0.19 -1.54%
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$12.31
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$12.41
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-2.10% |
78,458 75.51%
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103,900
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Most Recent Note for FRME - 4/2/2012 12:06:48 PM
Holding its ground stubbornly following volume-driven gains for new 52-week highs. The 3/05/12 mid-day report noted - "Shrinking sales revenues and erratic quarterly and annual earnings history are not a match with the fact-based investment system's guidelines."
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HF
- NYSE - REAL ESTATE - Property Management/Developmen
H F F Inc Cl A
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$16.60 |
+0.13
0.79%
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$16.75
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$16.98
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-2.24% |
153,843 97.68%
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157,500
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Most Recent Note for HF - 4/2/2012 12:08:22 PM
Perched within close striking distance of its 52-week high today. Prior mid-day reports noted - "Recent quarterly comparisons through Dec '11 showed much better sales and earnings increases. Its annual earnings (A criteria) history has not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system. It went through a deep consolidation below its 200 DMA line and completed a Secondary Offering on 8/04/11, then rebounded impressively since noted in the 3/04/11 mid-day report."
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MR
- NYSE - HEALTH SERVICES - Medical Appliances &; Equipment
Mindray Medical Intl Ads
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$33.59 |
+0.62
1.88%
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$33.75
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$34.07
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-1.41% |
406,578 83.47%
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487,100
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Most Recent Note for MR - 4/2/2012 12:10:05 PM
Hovering near its 52 week high today following a spurt of volume-driven gains. The 3/02/12 mid-day report noted- "Additional overhead supply remains to act as resistance up through the $40 area. Fundamentals remain below the fact-based investment system's guidelines. It survived but failed to impress since it was dropped from the Featured Stocks list on 1/16/08."
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PATK
- NASDAQ - Bldg-Mobile/Mfg & RV
Patrick Industries Inc
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$12.25 |
+0.10
0.82%
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$12.25
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$12.25
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-0.01% |
97,089 129.80%
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74,800
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Most Recent Note for PATK - 4/2/2012 12:11:15 PM
Inching to another new 52-week high today. Held its ground after an impressive spurt of volume-driven gains, and prior mid-day reports noted - "Technically it is extended from prior chart highs, too far from any sound base. Fundamentally it is not a match with the fact-based investment system's guidelines. Low-priced stocks are discouraged from consideration as buy candidates unless all key criteria are solidly satisfied."
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RHT
- NYSE - COMPUTER SOFTWARE & SERVICES - Application Software
Red Hat Inc
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$60.22 |
+0.33
0.55%
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$60.30
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$61.71
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-2.41% |
1,637,923 87.57%
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1,870,500
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Most Recent Note for RHT - 4/2/2012 12:15:09 PM
Perched near its 52-week high today, holding its ground following a considerable gain on 3/29/12 backed by heavy volume. Reported earnings +12% on +21% sales revenues for the quarter ended February 29, 2012 versus the year ago period. It failed to impress since noted in the 9/23/10 mid-day report -"Quarterly and annual earnings history are below guidelines of the fact-based investment system."
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RNDY
- NYSE - RETAIL - Grocery Stores
Roundy's Parent Co Inc
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$11.56 |
+0.86
8.04%
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$11.84
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$11.84
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-2.36% |
5,248,424 1,013.01%
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518,100
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Most Recent Note for RNDY - 4/2/2012 12:17:00 PM
Hitting a new high today. Up from its $9 IPO on 2/08/12. Sales revenues and earnings increases have been below the investment system's guidelines.
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TISI
- NYSE - DIVERSIFIED SERVICES - Technical Services
Team Inc
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$32.60 |
+1.65
5.33%
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$32.79
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$33.50
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-2.69% |
71,955 100.08%
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71,900
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Most Recent Note for TISI - 4/2/2012 12:23:33 PM
Rallying from support at its 50 DMA line today. Reported earnings +23% on +19% sales for the quarter ended November 30, 2011 versus the year ago period. Prior mid-day reports noted - "Recent quarterly comparisons showed improving sales revenues and earnings increases. A downturn in FY '10 earnings is a flaw with respect to the A criteria. Fundamentals are below guidelines now. Based on weak action it was dropped from the Featured Stocks list on 10/03/08."
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THESE ARE NOT BUY RECOMMENDATIONS!
Comments contained in the body of this report are technical
opinions only. The material herein has been obtained
from sources believed to be reliable and accurate, however,
its accuracy and completeness cannot be guaranteed.
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