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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, JULY 28TH, 2010
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DOW 10525.2 -12.49 (-0.12%) | NASDAQ 2275.01 -13.24 (-0.58%) | S&P 500 1110.3 -3.54 (-0.32%)
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Time of Screening :
7/28/2010 12:20:23 PM Report Released :
7/28/2010 12:59:36 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 |
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Max Buy |
NETL
-
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$33.44
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+0.21
0.63%
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$33.51
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854,350
65.26% of 50 DAV
50 DAV is 1,309,200
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$35.00
-4.46%
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7/28/2010 |
$33.44
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PP = $35.10
MB = $36.86 |
Most Recent Note - 7/28/2010 12:54:55 PM
Y - Within close striking distance of less than -5% from its 52 week high, working on the right side of a 12-week cup shaped pattern without yet forming a proper handle. It faces no remaining resistance due to overhead supply. Volume and volatility often increase near earnings news. Noted in recent mid-day reports - "Earnings news is expected on Wednesday. The 2 latest quarterly comparisons showed much better sales and earnings increases, but prior quarterly comparisons were negative and below the guidelines of the investment system. Based on weak technical action it was dropped from the Featured Stocks list on 7/11/08, and it subsequently fell from $31.73 to as low as $7.21 before rebounding impressively."
>>> The latest Featured Stock Update with an annotated graph appeared on 6/2/2008. Click here.
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Company Profile |
SEC |
News |
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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 |
AZO
- NYSE - RETAIL - Auto Parts Stores
Autozone Inc
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$210.98 |
+1.02
0.49%
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$211.47
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$213.00
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-0.95% |
434,403
60.75%
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715,100
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Most Recent Note for AZO - 7/28/2010 12:22:54 PM
Near its 52-week high and steadily climbing this year. Noted in several mid-day reports in June-July that its earnings increases have been near borderline with the minimum guidelines in the past 3 quarters while sales revenues have increased by only +1-10% in the past 4 quarterly comparisons. While consumers are fixing their old cars and holding off on new car purchases, AZO and similar players in the auto-repair arena have shown great leadership and strong relative strength. Guidelines of the investment system, however, call for current earnings per share +25% or more, and acceleration in recent quarters is important. Also, quarterly sales should also be up at least +18%, +25% or more and ideally accelerating over prior quarters.
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SEC |
News |
Chart | C
A N
S L
I M
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BIN
- NYSE - DIVERSIFIED SERVICES - Waste Management
Progressive Waste Soltns
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$22.60 |
-0.01
-0.04%
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$22.75
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$22.99
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-1.70% |
179,455
60.65%
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295,900
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Most Recent Note for BIN - 7/28/2010 12:23:37 PM
Perched at its 52-week high, noted in recent mid-day reports - "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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SEC |
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A N
S L
I M
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CIB
- NYSE - BANKING - Foreign Regional Banks
Bancolombia Sa Ads
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$61.38 |
-1.67
-2.65%
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$63.18
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$63.18
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-2.85% |
258,812
65.44%
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395,500
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Most Recent Note for CIB - 7/28/2010 12:25:30 PM
Pulling back today from all-time highs, extended from any sound base after a streak of gains above prior resistance in the $49 area. Noted in prior mid-day reports - "This Colombia-based bank operating company's quarterly and annual earnings history has been erratic, with sales revenues not growing."
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SEC |
News |
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A N
S L
I M
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EC
- NYSE - ENERGY - Independent Oil & Gas
Ecopetrol Sa Adr
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$33.57 |
-0.31
-0.91%
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$34.02
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$34.25
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-1.99% |
190,281
175.86%
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108,200
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Most Recent Note for EC - 7/28/2010 12:29:29 PM
Columbian Oil and Gas - Integrated firm is due to report earnings after today's close. It had big sales and earnings increases in the quarter ended March 31, 2010 versus the year earlier period, but its prior quarterly and annual earnings history has been below guidelines of the fact-based system. It is extended from a sound base after rallying to new all-time highs in recent weeks since clearing resistance at the $30 level.
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A N
S L
I M
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EEQ
- NYSE - ENERGY - Independent Oil & Gas
Enbridge Energy Mgmt
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$55.75 |
-0.26
-0.46%
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$55.91
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$57.79
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-3.53% |
53,941
119.34%
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45,200
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Most Recent Note for EEQ - 7/28/2010 12:31:58 PM
Pulling back again today following a loss on higher volume. Gains in recent weeks to new high territory lacked volume conviction. Sales and earnings history has been erratic and below guidelines of the fact-based investment system.
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SEC |
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A N
S L
I M
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FDO
- NYSE - RETAIL - Discount, Variety Stores
Family Dollar Stores
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$41.67 |
+2.20
5.57%
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$42.26
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$42.26
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-1.40% |
5,018,207
142.61%
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3,518,900
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Most Recent Note for FDO - 7/28/2010 12:40:36 PM
Gapped up today, rising from a "double bottom" base and touching a new 52-week high amid headlines of an activist fund manager reportedly holding a 6.6% stake in the firm. As noted previous mid-day report appearances in May '10 and Apr '09, still its sales revenues and earnings growth history below guidelines.
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SEC |
News |
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A N
S L
I M
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SAN
- NYSE - BANKING - Foreign Regional Banks
Banco Santander Sa Adr
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$83.10 |
+2.21
2.73%
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$83.33
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$83.42
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-0.38% |
124,498
71.22%
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174,800
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Most Recent Note for SAN - 7/28/2010 12:56:29 PM
It has steadily rallied since clearing prior resistance in the $72 area and is now extended from any sound base . The Chilean bank has a good annual earnings (A criteria) history and its latest quarter ended March 31, 2010 showed better increases, however its prior quarterly comparisons show that sales revenues and earnings have not been strong and steady and included a streak of 5 quarters with negative sales growth.
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SEC |
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A N
S L
I M
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SEP
- NYSE - ENERGY - Oil & Gas Pipelines
Spectra Energy Partners
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$34.83 |
-0.26
-0.73%
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$35.10
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$35.95
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-3.11% |
50,304
67.61%
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74,400
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Most Recent Note for SEP - 7/28/2010 12:57:05 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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A N
S L
I M
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USNA
- NYSE - DRUGS - Drug Related Products
U S A N A Health Science
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$41.01 |
+1.36
3.43%
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$41.30
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$41.30
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-0.70% |
35,580
100.23%
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35,500
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Most Recent Note for USNA - 7/28/2010 12:59:20 PM
Hit a new 52-week high today after an orderly consolidation above prior chart highs. Showing recent improvement, but fundamentally the C and A criteria are not satisfied. Current earnings per share should be up +25% or more and in the 3 or 4 latest comparisons versus the year earlier, and ideally growth should be accelerating in recent quarters. Quarterly sales should also be up +25% or more or accelerating over prior quarters.
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A N
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I M
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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
the purchase or sale of any securities. All trademarks,
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likewise used for identification purposes only.
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