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MIDDAY BREAKOUTS REPORT - TUESDAY, AUGUST 2ND, 2011
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DOW 12018.44 -114.05 (-0.94%) | NASDAQ 2706.6 -38.02 (-1.39%) | S&P 500 1271.46 -15.48 (-1.20%)
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Time of Screening :
8/2/2011 12:12:10 PM Report Released :
8/2/2011 1:10:34 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 |
ATHN
- NASDAQ
Athenahealth Inc
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$60.21
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+0.83
1.40%
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$61.78
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303,978 61.15% of 50 DAV
50 DAV is 497,100
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$61.78 -2.54%
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7/22/2011 |
$57.30
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PP = $50.66 MB = $53.19 |
Most Recent Note - 8/2/2011 12:14:22 PM
G - Up today, inching to another new all-time high, getting extended from prior highs in the $50 area that define support after its 7/22/11 breakaway gap.
>>> The latest Featured Stock Update with an annotated graph appeared on 7/27/2011. Click here.
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A N
S L
I M
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EXLS
- NASDAQ
Exlservice Holdings Inc
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$24.85
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+1.43
6.11%
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$25.46
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190,700 321.04% of 50 DAV
50 DAV is 59,400
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$25.46 -2.40%
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8/2/2011 |
$24.85
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PP = $24.85 MB = $26.09 |
Most Recent Note - 8/2/2011 12:33:30 PM
Y - Considerable gap up gain today for a new 52-week high, and no resistance remains due to overhead supply. Color code is changed to yellow with pivot point cited based on its 5/19/11 high plus 10 cents. Reported earnings +52% on +40% sales revenues for the quarter ended June 30, 2011 versus the year ago period. Quarterly comparisons (C criteria) have shown mostly impressive sales and earnings increases. Downturn in its FY '08 earnings was previously noted as a small flaw with respect to the A criteria of the fact-based investment system. Found support near its prior resistance in the $22 area during its consolidation since noted in the 5/12/11 mid-day report.
There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below
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A N
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FCFS
- NASDAQ
FirstCash Holdings Inc
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$45.59
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+1.27
2.87%
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$46.42
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223,222 106.50% of 50 DAV
50 DAV is 209,600
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$46.42 -1.79%
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5/31/2011 |
$42.00
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PP = $40.23 MB = $42.24 |
Most Recent Note - 8/2/2011 12:35:21 PM
G - Off its earlier high after another gap up today. Getting more extended from its prior base, meanwhile recent chart lows and its 50 DMA line define important near-term support to watch in the $41 area.
>>> The latest Featured Stock Update with an annotated graph appeared on 7/18/2011. Click here.
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Symbol - Exchange - Industry Group Company Name |
Last |
Chg |
Day High |
52 WK Hi |
% From Hi |
Volume % DAV |
DAV |
BLX
- NYSE - BANKING - Foreign Regional Banks
Banco Latinoamericano C
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$18.75 |
+0.26
1.41%
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$18.94
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$19.05
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-1.57% |
81,973 80.37%
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102,000
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Most Recent Note for BLX - 8/2/2011 12:17:34 PM
Challenging its 52-week high today with a 2nd consecutive volume-driven gain. The 7/28/11 mid-day report noted - "It has formed an orderly 7-month flat base during which it found support at its 200 DMA line. Recent quarterly comparisons showed strong sales revenues and earning increases but its up and down annual earnings (A criteria) is a concern."
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CPSI
- NASDAQ - DIVERSIFIED SERVICES - Business/Management Services
Computer Programs & Sys
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$75.42 |
+1.90
2.58%
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$75.99
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$79.06
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-4.60% |
53,450 62.08%
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86,100
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Most Recent Note for CPSI - 8/2/2011 12:19:43 PM
Holding its ground since a 7/29/11 gap up for a considerable gain and new 52-week high after reporting earnings +85% on +30% sales revenues for the quarter ended June 30, 2011 versus the year ago period. Small supply (S criteria) of only 11.1 million shares outstanding can contribute to greater price volatility. Found support near its 50 DMA line during an abrupt pullback since noted in the 7/14/11 mid-day report "Quietly wedging up from a double bottom base patter that included a test of support at its long-term 200 DMA line. No overhead supply remains to act as resistance. Sales revenues and earnings increases solidly improved in the quarter ended March 31, 2011 and in the December 2010 quarter, but prior quarterly and annual earnings (A criteria) growth history was sub par."
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DTLK
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Datalink Corporation
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$11.05 |
+0.26
2.41%
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$11.29
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$11.29
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-2.13% |
294,681 110.49%
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266,700
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Most Recent Note for DTLK - 8/2/2011 12:22:12 PM
Inching to new 52-week highs with above average volume behind its spurt of recent gains. Held its ground after its considerable "breakaway gap" for a new 52-week high on 7/21/11 after reporting earnings +217% on +26% sales revenues for the quarter ended June 30, 2011 versus the year ago period. Its annual earnings (A criteria) growth has not been strong and steady, with a downturn in FY '09 earnings a flaw making it fundamentally below guidelines of the fact-based investment system.
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DXPE
- NASDAQ - WHOLESALE - Industrial Equipment Wholesale
D X P Enterprises Inc
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$26.59 |
-0.91 -3.31%
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$27.60
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$27.81
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-4.39% |
82,725 141.90%
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58,300
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Most Recent Note for DXPE - 8/2/2011 12:23:45 PM
Rallied from a test of support at its 50 DMA line last week, again challenging recent resistance in the $27 area and its 52-week high. Reported earnings +61% on +18% sales revenues for the quarter ended June 30, 2011 versus the year ago period. No resistance remains due to overhead supply. Recent quarterly earnings increases above the +25% guideline satisfy the C criteria, but its up and down annual earnings (A criteria) history is a concern. Based on weak action it was dropped from the Featured Stocks list on 10/03/08 and fundamentals deteriorated afterward while it slumped from above $21 to as low as $8.57 before rebounding.
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HLF
- NYSE - DRUGS - Nutrition and Weight Management
Herbalife Ltd
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$62.55 |
+7.01
12.62%
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$63.35
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$63.35
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-1.26% |
3,122,159 295.77%
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1,055,600
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Most Recent Note for HLF - 8/2/2011 12:44:00 PM
Gapped up today, rising from its 50 DMA line to hit a new all-time high. Reported earnings +35% on +28% sales revenues for the quarter ended June 30, 2011 versus the year ago period. Stubbornly held its ground after previously noted volume-driven gains including an earlier "breakaway gap" on 2/23/11 with heavy volume (5 times average daily). It has rebounded impressively from its Bear Market lows to all-time highs, having risen 10-fold, but this high-ranked Cosmetics / Personal Care group leader had a downward turn in FY '09 annual earnings history (flaw in respect to A criteria).
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HPY
- NYSE - DIVERSIFIED SERVICES - Business/Management Services
Heartland Payment Sys
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$22.18 |
+0.29
1.32%
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$22.26
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$23.00
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-3.57% |
199,793 59.59%
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335,300
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Most Recent Note for HPY - 8/2/2011 12:47:29 PM
Up today following 2 considerable gaps up for volume-driven gains (8/01/11 and previously noted 7/28/11 gap up). Perched at its 52-week high, prior mid-day reports noted - "Earnings and sales revenues in recent quarters showed improvement but prior history is below the system's guidelines."
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LABL
- NASDAQ - CONSUMER NON-DURABLES - Packaging & Containers
Multi Color Corp
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$26.80 |
-0.52 -1.89%
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$27.25
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$27.49
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-2.51% |
40,615 89.46%
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45,400
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Most Recent Note for LABL - 8/2/2011 12:56:31 PM
Pulling back today after an impressive rally from below its 50 DMA line to new 52-week highs with considerable volume-driven gains noted on the 3 prior sessions. Reported earnings +65% on +36% sales revenues for the quarter ended June 30, 2011. No overhead supply remains to act as resistance, however prior mid-day reports noted - "Prior earnings history is has not been strong and steady enough to match the fact-based investment system guidelines."
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LQDT
- NASDAQ - INTERNET - Internet Software &; Services
Liquidity Services Inc
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$27.95 |
+3.52
14.39%
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$28.03
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$28.05
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-0.36% |
258,018 138.94%
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185,700
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Most Recent Note for LQDT - 8/2/2011 12:59:43 PM
Considerable volume-driven gain today for a new 52-week high and all-time high. It is extended from any sound base pattern. Prior mid-day reports noted -"Its sub par fundamentals are below the investment system guidelines. On 2/28/08 it was dropped from the CANSLIM.net Featured Stocks list and fundamentals subsequently turned south."
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SNCR
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software
Synchronoss Technologies
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$35.28 |
+6.51
22.61%
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$35.90
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$35.90
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-1.74% |
1,495,406 548.37%
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272,700
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Most Recent Note for SNCR - 8/2/2011 1:08:13 PM
Gapped up today, rallying from below its 50 and 200 DMA lines, touching a new 52-week high with a considerable volume-driven gain. Reported earnings +40% on +47% sales revenues for the quarter ended June 30, 2011 versus the year ago period. Completed a Public Offering on 11/17/10 and found support at its 200 DMA line since last noted in the 5/09/11 mid-day report - "Earnings history is below guidelines of the fact-based system, marred by a downturn in FY '08"
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STMP
- NASDAQ - Retail-Internet
Stamps.com Inc
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$17.35 |
-0.06 -0.34%
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$17.64
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$17.88
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-2.96% |
155,162 210.53%
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73,700
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Most Recent Note for STMP - 8/2/2011 1:09:05 PM
Holding its ground after 2 consecutive volume-driven gains. Its considerable breakaway gap up on 7/29/11 for a new 52-week high, technically cleared a long base pattern, and it was noted in the mid-day report - "Earnings increased by +125% on +26% sales revenues for the quarter ended June 30, 2011. Showing impressive sequential acceleration in recent quarterly comparisons, but prior quarterly comparisons showed lackluster sales revenues increases well below the +25% guideline, leaving some fundamental concerns."
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VRTS
- NASDAQ - FINANCIAL SERVICES - Asset Management
Virtus Investment Ptnrs
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$79.66 |
+0.34
0.43%
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$80.24
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$80.95
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-1.59% |
23,510 65.67%
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35,800
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Most Recent Note for VRTS - 8/2/2011 1:09:44 PM
Churning heavy volume for the past week while perched at its 52-week high, holding its ground but extended from any sound base pattern after steadily climbing from prior resistance in the $61 area. Prior mid-day reports noted - "Recent quarterly comparisons show greatly improved earnings and sales revenues. Prior earnings history is below the fact-based system's guidelines."
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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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not endorse or recommend any securities or other investments.
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be suitable for all investors and it is not to be deemed
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