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MIDDAY BREAKOUTS REPORT - TUESDAY, AUGUST 20TH, 2013
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DOW 15066.35 55.61 (0.37%) | NASDAQ 3623.62 34.53 (0.96%) | S&P 500 1658.13 12.07 (0.73%)
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Time of Screening :
8/20/2013 12:43:18 PM Report Released :
8/20/2013 1:43:53 PM Price is:
Above 52W High and Less Than 52W High
but within 15% 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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NONE OF OUR FEATURED STOCKS MET TODAY'S SCREENING CRITERIA FOR VOLUME AND PRICE ACTION.
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Symbol - Exchange - Industry Group Company Name |
Last |
Chg |
Day High |
52 WK Hi |
% From Hi |
Volume % DAV |
DAV |
AFOP
- NASDAQ - ELECTRONICS - Semiconductor - Specialized
Alliance Fiber Optic
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$34.05 |
+1.34
4.10%
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$34.38
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$0.00
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0.00% |
301,918 87.23%
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346,100
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Most Recent Note for AFOP - 8/20/2013 12:46:20 PM
Tallying a 3rd consecutive gain with above average volume and trading within close striking distance of its 52-week high. Recently found support while consolidating above its 50 DMA line and prior lows in the $28 area. This Sunnyvale, CA based Telecom - Fiber Optics firm showed strong increases in sales and earnings above the +25% minimum guideline (C criteria) through the Jun '13 period. Prior mid-day reports cautioned - "Up and down annual earnings (A criteria) history is a fundamental concern, not meeting the fact-based investment system's guidelines."
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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CSTE
- NASDAQ - MATERIALS & CONSTRUCTION - General Building Materials
CaesarStone Sdot-Yam Ltd
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$41.33 |
+0.18
0.43%
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$41.49
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$0.00
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0.00% |
196,269 78.29%
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250,700
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Most Recent Note for CSTE - 8/20/2013 12:47:00 PM
Extended from any sound base, holding its ground following considerable volume-driven gains. Prior mid-day reports cautioned - "Reported +51% earnings on +18% sales for the second quarter ended June 30, 2013 versus the year ago period. Completed a Secondary Offering on 4/11/13. Fundamental concerns were previously noted as earnings grew +19% on +13% sales revenues for the Mar '13 quarter, below the +25% minimum guideline (C criteria)."
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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CYD
- NYSE - MANUFACTURING - Diversified Machinery
China Yuchai Intl Ltd
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$18.76 |
-0.49 -2.55%
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$19.09
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$0.00
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0.00% |
86,906 157.15%
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55,300
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Most Recent Note for CYD - 8/20/2013 12:48:38 PM
Reported greatly improved sales and earnings for the Jun '13 quarter. Consolidating above prior highs after its recent rally from a cup-with-handle base formed since noted in the 1/11/13 mid-day report with caution. This Singapore-based maker of diesel engines for trucks and busses in China has an erratic earnings history. Prior quarterly and annual earnings (C and A criteria) history are not a match with the fact-based investment system's guidelines.
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SEC |
News |
Chart | C
A N
S L
I M
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EGOV
- NASDAQ - INTERNET - Internet Software & Services
N I C Inc
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$22.56 |
-0.29 -1.25%
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$23.05
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$0.00
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0.00% |
239,407 77.30%
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309,700
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Most Recent Note for EGOV - 8/20/2013 12:50:37 PM
Volume totals have been cooling while holding its ground in a tight trading range following a streak of 3 consecutive and considerable volume-driven gains. Following its technical breakout, it appeared in the 8/05/13 mid-day report noted with caution - "Reported earnings +78% on +27% sales revenues for the Jun '13 quarter, marking its 3rd consecutive quarter with earnings above the +25% minimum guideline (C criteria). However, blue triangles beside the quarterly and annual earnings figures within the datagraphs used by CANSLIM.net experts indicate pre-tax, non-recurring items were included (where possible, such items are normally removed to provide data better suited for comparison). EGOV found support at its 200 DMA line during its consolidation while building a cup-with-handle base since last noted in the 4/01/13 mid-day report with caution - No resistance remains due to overhead supply. Quarterly and annual earnings (C and A criteria) history has not been strong and steady, and it is fundamentally not a good match with the guidelines of the fact-based investment system.'"
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SEC |
News |
Chart | C
A N
S L
I M
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NOAH
- NYSE - FINANCIAL SERVICES - Asset Management
Noah Holdings Ltd Ads
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$18.10 |
+0.39
2.20%
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$18.30
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$0.00
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0.00% |
274,250 86.35%
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317,600
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Most Recent Note for NOAH - 8/20/2013 1:37:49 PM
Still perched at its 52-week high holding its ground stubbornly after considerable volume-driven gap up gains noted in prior mid-day reports. Due to report financial results for the second quarter of 2013 after the US market closes on Wednesday, August 21, 2013. Undercut its 50 DMA line and prior highs during a deep "V" shaped consolidation, not a sound base, since noted in the 5/30/13 mid-day report with caution - "This Chinese provider of investment products reported earnings +217% on +94% sales revenues for the Mar '13 quarter. The low-priced shares undercut the 50 DMA line during its consolidation then rebounded and rallied impressively since noted in the 2/28/13 mid-day report with caution - 'Additional resistance remains due to overhead supply. Reported strong sales revenues and earnings increases in the Sep and Dec '12 quarters, but its prior earnings history is not a match with the fact-based investment system's guidelines.'"
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A N
S L
I M
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NTES
- NASDAQ - INTERNET - Internet Information Providers
Netease Inc Adr
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$71.60 |
+4.56
6.80%
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$72.41
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$0.00
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0.00% |
1,533,082 264.23%
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580,200
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Most Recent Note for NTES - 8/20/2013 1:39:39 PM
Reported earnings +30% on +27% sales revenues for the Jun '13 quarter. Fundamentals are not a match with the fact-based investment system's guidelines (C criteria). Hitting new 52-week and all-time highs with today's 7th consecutive volume-driven gain. Rebounded following a deep consolidation below its 200 DMA line since dropped from the Featured Stocks list on 7/17/12.
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SEC |
News |
Chart | C
A N
S L
I M
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PRXL
- NASDAQ - DIVERSIFIED SERVICES - Research Services
Parexel Intl Corp
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$48.15 |
+0.58
1.22%
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$48.20
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$0.00
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0.00% |
480,051 90.97%
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527,700
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Most Recent Note for PRXL - 8/20/2013 1:40:55 PM
There was a "negative reversal" after hitting a new 52-week high on 8/08/13 and it has slumped below its 50 DMA line with additional damaging losses backed by heavy volume. Reported earnings +47% on +15% sales for the Jun '13 quarter marking its 5th consecutive quarterly comparison with earnings above the +25% minimum guideline (C criteria). It rebounded impressively however fundamental concerns remain following a downturn in FY '11 earnings (A criteria). Members may view its Company Profile page under the "Featured Articles and Daily Graphs" tab showing a prior FSU article under the headline, "Pulling Parachute Early Can Spare Yourself Some Pain". It gave a clear look back at its prior breakdown - an example why losses should always be limited at 7-8%.
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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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$77.41 |
+0.33
0.43%
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$78.20
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$0.00
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0.00% |
128,605 83.13%
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154,700
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Most Recent Note for USNA - 8/20/2013 1:43:30 PM
Consolidating near support at its 50 DMA line, it has not formed a sound base. This network marketer of dietary supplements, health foods, and skin care products has been showing improvement in quarterly comparisons through Jun '13 and the C criteria is solidly satisfied by 6 consecutive earnings increases above the +25% minimum guideline. Its annual earnings (A criteria) growth rate has been improving since a downturn in FY '08. Ownership by top-rated funds fell from 256 in Sep '12 to 241 in Jun '13 raising some concern with respect to the I criteria.
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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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