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MIDDAY BREAKOUTS REPORT - MONDAY, OCTOBER 11TH, 2010
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DOW 11017.11 10.63 (0.10%) | NASDAQ 2410.48 8.57 (0.36%) | S&P 500 1167.38 2.23 (0.19%)
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Time of Screening :
10/11/2010 12:21:16 PM Report Released :
10/11/2010 1:04:08 PM Price is:
Above 52W High and Less Than 52W High
but within 5% 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 |
UFPT
- NASDAQ
U F P Tech Inc
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$12.67
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+0.44
3.60%
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$12.79
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77,675 133.92% of 50 DAV
50 DAV is 58,000
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$13.20 -4.02%
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9/16/2010 |
$11.20
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PP = $11.69 MB = $12.27 |
Most Recent Note - 10/11/2010 12:53:46 PM
G - Gain today with above average volume has it poised for a possible new high close. Prior highs in the $11 area define chart support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/17/2010. Click here.
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WCRX
-
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$23.84
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+1.56
6.98%
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$24.34
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4,375,917 155.98% of 50 DAV
50 DAV is 2,805,400
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$24.33 -2.03%
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8/23/2010 |
$21.04
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PP = $20.84 MB = $21.88 |
Most Recent Note - 10/11/2010 1:01:13 PM
Y - Gapped up today, rallying above prior highs following a consolidation near its 10-week moving average line. Color code is changed to yellow, as it may considered buyable up to +5% above its latest high ($23.53 X 1.05 or $24.81) as a secondary buy point following its earlier technical breakout. A new pivot point is not cited as a new base was not formed.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/23/2010. Click here.
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Symbol - Exchange - Industry Group Company Name |
Last |
Chg |
Day High |
52 WK Hi |
% From Hi |
Volume % DAV |
DAV |
ACET
- NASDAQ - CHEMICALS - Specialty Chemicals
Aceto Corp
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$7.50 |
+0.00
0.00%
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$7.71
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$7.71
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-2.72% |
196,080 161.25%
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121,600
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Most Recent Note for ACET - 10/11/2010 12:23:00 PM
Hit another new high today. Noted in the 10/07/10 mid-day report - "Rallying to a new 52-week high with today's big gain on heavy volume leading to a technical breakout. This low-priced stock has an up and down annual earnings (A criteria) history. Recent quarterly comparisons show improving sales revenues and earnings after a streak of 5 negative comparisons."
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ARG
- NYSE - WHOLESALE - Industrial Equipment Wholesale
Airgas Inc
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$69.57 |
+1.72
2.54%
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$70.00
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$70.00
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-0.61% |
5,154,669 377.35%
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1,366,000
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Most Recent Note for ARG - 10/11/2010 12:24:52 PM
Not showing sales or earnings growth meeting the guidelines.Gapped up today for a small gain. Trading in a tight range since gapping up in Feb 2010 on merger/acquisition news.
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BORN
- NYSE - FOOD & BEVERAGE - Beverages - Wineries & Distill
China New Borun Corp Ads
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$17.85 |
+1.77
11.01%
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$18.37
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$18.37
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-2.83% |
2,860,095 434.86%
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657,700
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Most Recent Note for BORN - 10/11/2010 12:26:09 PM
Spiking higher today with a 5th consecutive gain backed by above average volume and hitting another new 52-week high. Today marks its 4th mid-day report appearance of October, and it was previously noted - "This Chinese Beverages - Alcoholic firm has shown strong sales and earnings increases. While it faces no resistance, recent action has been erratic and it is extended from any sound base after its $7.00 IPO on 6/11/10. Wider intra-day swings in recent sessions may be considered signs of uncertainty."
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CEVA
- NASDAQ - ELECTRONICS - Semiconductor - Specialized
Ceva Inc
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$15.90 |
+0.52
3.38%
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$15.90
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$15.90
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0.00% |
189,882 112.56%
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168,700
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Most Recent Note for CEVA - 10/11/2010 12:27:55 PM
Gapped up today and hit a new 52-week high. It endured distributional pressure and an analyst downgrade last week, yet held its ground stubbornly and continued rallying since noted in mid-day reports in September - "Rising above stubborn resistance in the $13 area with no overhead supply remaining to hinder its progress. Sales (+16%) and earnings (+50%) increases in the June 30, 2010 ended quarter showed acceleration after streak of comparisons showing weak or negative sales revenues versus the year ago period. It has a good annual earnings (A criteria) history."
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DAVE
- NASDAQ - LEISURE - Restaurants
Famous Dave's Of America
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$10.50 |
+0.07
0.67%
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$10.50
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$10.50
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0.00% |
36,460 139.16%
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26,200
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Most Recent Note for DAVE - 10/11/2010 12:30:10 PM
Perched at its 52-week high today after a technical breakout and volume-driven gains last week. Noted in recent mid-day reports - "Having built another long base since last noted on 4/12/10 in the mid-day report after rising from an orderly 10-month flat base with multiple gains backed by above average volume - 'Sales and earning history are below the investment system's guidelines.'"
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GPOR
- NASDAQ - ENERGY - Oil &; Gas Drilling &; Explorati
Gulfport Energy Corp
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$15.99 |
+0.83
5.47%
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$16.15
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$16.15
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-0.99% |
312,578 160.38%
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194,900
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Most Recent Note for GPOR - 10/11/2010 12:36:36 PM
Hit a new 52-week high today and making its 2nd consecutive appearance in the mid-day report following a long hiatus. It was dropped from the Featured Stocks list on 11/8/07, very soon after it had been featured in the October '07 CANSLIM.net News (read here). Interestingly, it completed another Public Offering (PO) on 5/14/10 and at least one other offering following the three that are visible on its chart in the old report. Cynical analysts might ask how many times this OK-based Oil/Gas firm might "go to the well" for more investor money.
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IHG
- NYSE - LEISURE - Lodging
Intercontinental Hotels
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$18.55 |
-0.04 -0.22%
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$18.63
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$18.81
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-1.38% |
352,934 125.47%
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281,300
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Most Recent Note for IHG - 10/11/2010 12:40:08 PM
Sales and earning history is below guidelines. Today marks its first mid-day report appearance since 12/26/06.
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LNN
- NYSE - MANUFACTURING - Farm & Construction Machinery
Lindsay Corporation
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$49.40 |
+1.11
2.30%
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$49.93
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$49.93
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-1.06% |
173,985 104.25%
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166,900
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Most Recent Note for LNN - 10/11/2010 12:46:12 PM
Gain today for a new 52-week high follows a considerable gain with above average volume on the prior session which helped it clear a cup-with-handle type base pattern. Today marks its first mid-day report appearance since 4/02/08, and while recent quarters showed improvements, its sales revenues and earnings growth history (C and A criteria) remain below guidelines of the fact-based investment system.
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MSB
- NYSE - FINANCIAL SERVICES - Diversified Investments
Mesabi Trust
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$43.39 |
+2.00
4.83%
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$43.58
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$43.58
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-0.44% |
275,259 89.17%
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308,700
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Most Recent Note for MSB - 10/11/2010 12:47:49 PM
Hit another new 52-week high today. Noted in recent mid-day reports - "Getting even more extended from the cup-with-handle type base pattern previously noted. The 3 latest quarters showed impressive increases but prior quarterly and annual earnings history has been below guidelines of the fact-based investment system."
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SINA
- NASDAQ - INTERNET - Internet Software & Services
Sina Corporation
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$53.43 |
+2.57
5.05%
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$53.75
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$53.75
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-0.60% |
1,153,637 89.55%
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1,288,200
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Most Recent Note for SINA - 10/11/2010 12:52:02 PM
Hit a new 52-week high today. Last noted in the 9/23/10 mid-day report - "Technically it broke out last week with powerful gains on heavy volume. Noted in prior mid-day reports - 'Earnings and sales have improved in recent quarters, however its prior comparisons and its annual earnings history (A criteria) are below guidelines.'"
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WYNN
- NASDAQ - LEISURE - Gaming Activities
Wynn Resorts Ltd
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$96.94 |
+3.09
3.29%
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$97.26
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$97.47
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-0.55% |
2,652,068 100.35%
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2,642,800
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Most Recent Note for WYNN - 10/11/2010 1:03:39 PM
Gapped up today and hit a new 52-week high. Noted in the 10/08/10 mid-day report after 5 months of base building in the $71-95 range - "Its latest quarterly comparisons showed improving sales and earnings but its prior earnings history is below guidelines of the fact-based investment system. Based on weak technical action it was dropped from the Featured Stocks list 11/8/07 and subsequently fell from $136 to as low as $14.50 in March '09 before rebounding. Traded up +43% after it was featured in the 8/26/07 Special Report titled 'Stocks That Should Now Be On Your Watch List' with annotated graphs and commentary including our detailed CANSLIM.net Profile, What To Look For And What To Look Out For, and Technical Analysis summaries (read here)."
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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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