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MIDDAY BREAKOUTS REPORT - THURSDAY, JULY 22ND, 2010
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DOW 10330.4 209.87 (2.07%) | NASDAQ 2241.22 53.89 (2.46%) | S&P 500 1092.73 23.14 (2.16%)
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Time of Screening :
7/22/2010 12:03:04 PM Report Released :
7/22/2010 1:15:26 PM Price is:
Above 52W High and Less Than 52W High
but within 5% of the 52 Week High Volume Is:
At least 57.5% 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 |
FFIV
- NASDAQ
F 5 Networks Inc
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$82.66
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+9.55
13.06%
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$83.25
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3,342,904 201.63% of 50 DAV
50 DAV is 1,657,900
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$83.30 -0.77%
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6/16/2010 |
$74.50
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PP = $74.10 MB = $77.81 |
Most Recent Note - 7/22/2010 12:36:18 PM
G - Following a weak finish on the prior session FFIV gapped up today for a considerable gain on very heavy volume to reach a new 52-week high after reporting strong results for the latest quarter ended June 30, 2010. Color code was changed to green after quickly leaping above its "max buy" level. As we have often noted in the past, volume and volatility increase near earnings news. Check headlines via the "News" link for greater visibility or contact the companies directly if pending earnings news is not otherwise noted.
>>> The latest Featured Stock Update with an annotated graph appeared on 7/7/2010. Click here.
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SEC |
News |
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A N
S L
I M
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NEOG
- NASDAQ
Neogen Corp
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$27.19
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+0.60
2.26%
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$27.45
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56,565 65.24% of 50 DAV
50 DAV is 86,700
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$27.90 -2.54%
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7/22/2010 |
$27.19
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PP = $27.87 MB = $29.26 |
Most Recent Note - 7/22/2010 12:56:35 PM
Y - Since last noted in the mid-day report on 6/18/10 it it has been churning near all-time highs. It still faces no resistance due to overhead supply. NEOG has a history of slow steady annual earnings growth (A criteria). The 2 most recent quarterly comparisons have shown improving sales revenues growth with earnings per share increases above the investment system's +25% guideline.
>>> The latest Featured Stock Update with an annotated graph appeared on 5/27/2008. Click here.
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SEC |
News |
Chart | C
A N
S L
I M
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Symbol - Exchange - Industry Group Company Name |
Last |
Chg |
Day High |
52 WK Hi |
% From Hi |
Volume % DAV |
DAV |
ADTN
- NASDAQ - TELECOMMUNICATIONS - Communication Equipment
Adtran Inc
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$31.77 |
+0.93
3.02%
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$32.15
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$32.15
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-1.18% |
637,007 64.05%
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994,600
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Most Recent Note for ADTN - 7/22/2010 12:06:05 PM
Hitting a new 52 week high today. Noted in recent mid-day reports after a gap up on 7/14/10 following strong earnings news - "Recent quarters show improving sales and earnings increases after negative comparisons in '09. Annual earnings (A criteria) have been up and down and below the guidelines of the fact-based system's guidelines."
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A N
S L
I M
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ALTR
- NASDAQ - Computer Sftwr-Design
Altair Engineering Cl A
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$28.19 |
+0.65
2.36%
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$28.54
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$28.92
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-2.52% |
6,560,638 75.83%
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8,651,300
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Most Recent Note for ALTR - 7/22/2010 12:11:43 PM
Noted in recent mid-day reports - "Strong leadership (L criteria) in the Semiconductor industry has recently helped many tech firms with sub par fundamentals reach new 52-week highs. ALTR has shown great sales revenues and earnings (C criteria) acceleration in recent quarterly comparisons versus the year-ago period. Its annual earnings (A criteria) history is below the guidelines of the fact-based system."
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A N
S L
I M
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BAP
- NYSE - BANKING - Foreign Regional Banks
Credicorp Ltd
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$94.44 |
+1.74
1.88%
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$95.37
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$99.36
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-4.95% |
258,892 88.57%
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292,300
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Most Recent Note for BAP - 7/22/2010 12:15:19 PM
Encountering distributional pressure while building a base above prior chart highs and its 50 DMA line in the $91 area, perched -5% below its all-time high. This Peru-based Bank has a good annual earnings (the A criteria) history, however recent quarterly sales revenues comparisons have been essentially flat and earnings growth has decelerated to below the fact-based investment system's guidelines. Based on weak technical action it was removed from the Featured Stocks list on 7/08/08. Noted in several June 2010 mid-day reports that it rebounded impressively from deep lows in the $30 area.
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A N
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BIN
- NYSE - DIVERSIFIED SERVICES - Waste Management
Progressive Waste Soltns
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$22.60 |
+0.45
2.03%
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$22.74
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$22.90
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-1.31% |
179,728 65.98%
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272,400
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Most Recent Note for BIN - 7/22/2010 12:17:34 PM
Noted in 7/21/10 mid-day report - "Consolidating after a recent streak of gains on above average volume to a new 52-week high following signs of prompt support near its 50 DMA line. This Pollution Control firm's sales and earnings history are below guidelines of the fact-based investment system."
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A N
S L
I M
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CPL
- NYSE - UTILITIES - Electric Utilities
C P F L Energia S A Ads
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$69.14 |
+0.41
0.60%
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$69.89
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$70.50
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-1.93% |
95,206 69.39%
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137,200
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Most Recent Note for CPL - 7/22/2010 12:20:29 PM
Perched near its 52-week high, this Brazilian Utility - Electric Power firm has been noted in recent mid-day reports - "Building a base on top of a prior base. Recent quarters show strong sales revenues and earnings per share increases above the+25% guideline but its prior quarterly comparisons were negative and its annual earnings history has not been strong and steady."
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A N
S L
I M
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CVU
- AMEX - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services
C P I Aerostructures Inc
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$10.80 |
+0.08
0.75%
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$10.83
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$10.83
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-0.28% |
13,500 58.95%
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22,900
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Most Recent Note for CVU - 7/22/2010 12:23:18 PM
Stubbornly holding its ground since it was noted in several recent mid-day reports - "Hovering at its 52-week high after multiple gains on above average volume helped it recently break out to multi-year highs. Earnings increases have been mostly strong in recent quarterly comparisons and annual earnings have been on the rise since it tallied a loss in FY '06. Quarterly sales revenues in the $9-12 million range are rather minuscule, so this Aerospace/Defense firm has not shown explosive demand for its aircraft parts. This low-priced stock is very thinly traded with an average daily volume near 22,000 shares."
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EMC
- NYSE - COMPUTER HARDWARE - Data Storage Devices
E M C Corp
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$19.72 |
+0.24
1.23%
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$19.90
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$20.65
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-4.50% |
15,668,469 60.02%
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26,105,600
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Most Recent Note for EMC - 7/22/2010 12:27:37 PM
On the rise today after encountering heavy distributional pressure and slumping below its April chart highs. Noted in several recent mid-day reports - "Its annual earnings (A criteria) history and quarterly earnings and sales revenues increases have been below the fact-based investment system guidelines, yet improved in the latest quarter. Large supply of 2.055 billion shares outstanding makes this goliath Computer - Data Storage firm an unlikely sprinter."
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IGTE
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Information Technology Service
Igate Corp
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$16.87 |
-0.01 -0.06%
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$17.19
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$17.49
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-3.54% |
216,666 78.70%
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275,300
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Most Recent Note for IGTE - 7/22/2010 12:42:12 PM
Holding its ground stubbornly near its 52-week high, extended from any sound base pattern. The high-ranked Fremont, CA-based firm in the Computer -Tech Services industry reported strong earnings results for the quarter ended June 30, 2010 and recent quarters show accelerating sales revenues and earnings increases. The downturn in FY '09 earnings hurts its annual earnings (A criteria) track record.
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KMP
- NYSE - ENERGY - Oil & Gas Pipelines
Kinder Morgan Energy Lp
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$68.96 |
+0.04
0.06%
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$69.57
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$69.57
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-0.88% |
561,950 73.39%
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765,700
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Most Recent Note for KMP - 7/22/2010 12:44:16 PM
This Master Limited Partnership has an erratic quarterly and annual earnings history, below the fact-based system's guidelines.
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SEP
- NYSE - ENERGY - Oil & Gas Pipelines
Spectra Energy Partners
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$35.15 |
+0.15
0.43%
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$35.19
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$35.94
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-2.20% |
61,912 83.33%
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74,300
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Most Recent Note for SEP - 7/22/2010 1:01:40 PM
Sales revenues increases have been very strong in the past year while earnings growth has been below the +25% guideline in only 1 of the past 8 comparisons versus the year ago period. The Master Limited Partnership is among many others in the Oil and Gas - Transportation/Pipeline industry recently noted in mid-day reports near 52-week highs.
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VNR
- NASDAQ - ENERGY - Oil &; Gas Drilling &; Explorati
Vanguard Natural Res Llc
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$24.54 |
+0.04
0.17%
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$24.96
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$25.55
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-3.95% |
229,562 77.61%
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295,800
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Most Recent Note for VNR - 7/22/2010 1:03:31 PM
Rising near its 52-week high today with gains backed by above average volume prompting its 2nd consecutive mid-day report appearance. This Oil & gas firm has an erratic quarterly and annual earnings and sales revenues history, leaving fundamental concerns.
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WCN
- NYSE - MATERIALS & CONSTRUCTION - Waste Management
Waste Connections Inc
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$37.94 |
+2.05
5.71%
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$37.99
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$37.99
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-0.13% |
248,426 60.34%
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411,700
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Most Recent Note for WCN - 7/22/2010 1:08:27 PM
On track for a 4th consecutive gain today. This Pollution Control firm spiked to a new 52-week high with a considerable gain noted in the 7/21/10 mid-day report with analysis stating that - "Recent quarterly comparisons showed earnings increases accelerating above the +25% minimum guideline, but its sales revenues growth has been lagging and its annual earnings (A criteria) track record shows that fundamentals are not strong with respect to the fact-based system's guidelines."
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XLNX
- NASDAQ - ELECTRONICS - Semiconductor - Specialized
Xilinx Inc
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$28.47 |
+0.67
2.41%
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$28.67
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$29.12
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-2.23% |
5,567,232 63.38%
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8,784,100
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Most Recent Note for XLNX - 7/22/2010 1:14:53 PM
Quietly consolidating only -2% off its 52-week high today, its prior highs in the $27-28 area define a chart support level. The well-know firm in the Semiconductor industry was noted for the first time in the 7/16/10 and 7/20/10 mid-day reports - "It has seen improvement in sales revenues and earnings in the most recent quarterly comparisons, however its annual earnings (A criteria) and prior results have not been strong and steady. XLNX has a large supply of 273.9 million shares outstanding. This week's gains to new 52-week high territory lacked great volume conviction while leadership (L criteria) in the group has helped may stocks reach new 52-week highs."
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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.
We are not an investment advisor, hence it does
not endorse or recommend any securities or other investments.
Any recommendation contained in this report may not
be suitable for all investors and it is not to be deemed
an offer or solicitation on our part with respect to
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