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MIDDAY BREAKOUTS REPORT - WEDNESDAY, JANUARY 6TH, 2010
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DOW 10566.27 -5.75 (-0.05%) | NASDAQ 2302.28 -6.43 (-0.28%) | S&P 500 1135.09 -1.43 (-0.13%)
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Report Released :
1/6/2010 12:54:36 PM Price is:
Above 52W High and Less Than 52W High
but within 0% of the 52 Week High Volume Is:
At least 0% 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 |
CAAS
- NASDAQ
China Automotive Systems
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$23.00
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-0.80 -3.36%
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NA
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1,101,040 129.06% of 50 DAV
50 DAV is 853,100
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$24.39 -5.70%
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11/30/2009 |
$18.84
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PP = $17.62 MB = $18.50 |
Most Recent Note - 1/6/2010 12:17:50 PM
G - After a small gap up and a new all-time high today it has reversed into the red. Volume was more than 4 times average behind its considerable 1/05/10 gain for a new high. The choppy consolidation over the past 5 weeks involved a -28% pullback, so this was not a sound "flat base" of the minimum length. However, no overhead supply remains and it could go on to produce a "climax run", especially considering its small float of only 4.86 million shares (S criteria). It found prompt support following a sharp pullback to its short-term average line. The Chinese maker of power steering systems had negated most of its bullish action since featured in the 11/30/09 mid-day report (read here).
>>> The latest Featured Stock Update with an annotated graph appeared on 12/29/2009. Click here.
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A N
S L
I M
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HEAT
-
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$17.18
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+1.22
7.64%
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NA
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1,368,099 134.62% of 50 DAV
50 DAV is 1,016,300
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$17.51 -1.88%
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1/6/2010 |
$17.19
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PP = $17.27 MB = $18.13 |
Most Recent Note - 1/6/2010 12:41:11 PM
Y - Trading up for a 3rd consecutive session, it hit a new all-time high today. Color code was changed to yellow and a new pivot point was cited as it has formed a short "ascending base" type pattern. A confirming gain above its new pivot point with heavy volume could trigger a new technical buy signal. Recent chart lows near $14 define an important support level now. HEAT traded as much as +45.9% higher since first featured in yellow in the 11/17/09 mid-day report (read here) when technically rising from a "double bottom" base, reaching a new all-time high.
>>> The latest Featured Stock Update with an annotated graph appeared on 12/31/2009. Click here.
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A N
S L
I M
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VIT
-
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$20.78
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+0.80
4.00%
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NA
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1,395,426 278.36% of 50 DAV
50 DAV is 501,300
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$21.49 -3.30%
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12/24/2009 |
$20.07
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PP = $21.17 MB = $22.23 |
Most Recent Note - 1/6/2010 12:53:48 PM
Y - Early gains today with heavy volume helped it hit a new all-time high, but it has pulled back under its pivot point. It built a choppy 11-week base. Featured in yellow in the 12/24/09 mid-day report (read here). No overhead supply exists to act as resistance. Fundamentally, this high-ranked Computer - Tech Services firm's earnings and sales revenues increases have been above or at the +25% minimum guideline.
>>> The latest Featured Stock Update with an annotated graph appeared on 12/24/2009. Click here.
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A N
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Symbol - Exchange - Industry Group Company Name |
Last |
Chg |
Day High |
52 WK Hi |
% From Hi |
Volume % DAV |
DAV |
AHGP
- NASDAQ - METALS &; MINING - Nonmetallic Mineral Mining
Alliance Holdings Gp Lp
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$28.25 |
-0.15 -0.53%
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NA
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$29.09
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-2.89% |
47,511 107.25%
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44,300
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Most Recent Note for AHGP - 1/6/2010 12:11:45 PM
Hovering near its 52-week high. Previously noted in 12/24 mid-day report when rallying from a long saucer-like base that its fundamentals are below guidelines of the investment system. Sales revenues have been decelerating in recent quarterly comparisons and its annual earnings (A criteria) history has been up and down.
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A N
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I M
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AIRM
- NASDAQ - TRANSPORTATION - Air Services, Other
Air Methods Corp
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$35.16 |
+0.03
0.09%
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NA
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$36.38
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-3.35% |
60,802 92.40%
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65,800
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Most Recent Note for AIRM - 1/6/2010 12:13:05 PM
Sales and earnings growth history has been erratic and below guidelines. It has formed an oderly flat base.
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ASPS
- NASDAQ - REAL ESTATE - Property Management/Developmen
Altisource Ptf Sltns Sa
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$22.93 |
+0.98
4.47%
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NA
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$22.90
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0.13% |
344,623 221.77%
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155,400
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Most Recent Note for ASPS - 1/6/2010 12:14:24 PM
Luxembourg based firm has steadily risen to new highs since noted on 12/14/09 in this mid-day report when a considerable gain helped it break out to a new 52-week high. Recent quarters showed big sales and earnings increases, however its annual earnings (A criteria) and prior history has been up and down.
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CERN
- NASDAQ - Computer Sftwr-Medical
Cerner Corp
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$90.40 |
+1.15
1.29%
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NA
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$91.49
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-1.19% |
791,275 98.39%
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804,200
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Most Recent Note for CERN - 1/6/2010 12:19:50 PM
Gapped up again today hitting another new all-time high. Noted on 1/05/10 when clearing a 12-week base with no resistance remaining from overhead supply. The quarterly sales revenues and earnings per share track record is well below the investment system's fundamental guidelines, however this Computer Software - Medical firm has continued attracting institutional support. It has a good annual earnings (A criteria) history.
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CQP
- AMEX - ENERGY - Oil & Gas Refining & Marketing
Cheniere Energy Partners
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$14.45 |
+0.46
3.29%
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NA
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$14.50
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-0.34% |
235,380 90.78%
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259,300
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Most Recent Note for CQP - 1/6/2010 12:20:47 PM
Hit a new 52-week high with today's 5th consecutive gain. Fundamental data is showing a many years of losses (bad A criteria) for this master limited partnership, while sequential revenue increases and earnings in recent quarters have been an encouraging sign.
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CYD
- NYSE - MANUFACTURING - Diversified Machinery
China Yuchai Intl Ltd
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$16.65 |
+0.03
0.18%
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NA
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$17.37
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-4.15% |
343,568 83.33%
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412,300
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Most Recent Note for CYD - 1/6/2010 12:23:01 PM
Gains this week have it challenging its 52-week high after an orderly consolidation above its 50 DMA line. However, erratic sales and earnings history leaves fundamental concerns.
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EQIX
- NASDAQ - Finance-Property REIT
Equinix Inc
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$109.30 |
+0.76
0.70%
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NA
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$110.57
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-1.15% |
500,298 82.58%
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605,800
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Most Recent Note for EQIX - 1/6/2010 12:31:35 PM
No sound base. Recent quarterly comparisons showed very strong earnings increases and solid sales revenues increases. However, there are fundamental concerns due to pre-tax, non-recurring items included in the past 6 quarterly reports. This is indicated by blue triangles in the earnings per share box on the chart service used by CANSLIM.net experts.
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GOOG
- NASDAQ - INTERNET - Internet Information Providers
Google Inc Cl C
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$611.06 |
-12.93 -2.07%
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NA
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$629.51
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-2.93% |
1,943,431 91.95%
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2,113,600
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Most Recent Note for GOOG - 1/6/2010 12:40:20 PM
No sound base. Based on weak technical action it was dropped from the Featured Stocks list on 1/16/08. Fundamentals subsequently turned south. The 4 latest quarterly comparisons have shown sub par sales revenues and earnings increases below the +25% minimum guideline.
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NWSA
- NASDAQ - MEDIA - Entertainment - Diversified
News Corporation Cl A
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$14.28 |
+0.31
2.22%
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NA
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$14.39
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-0.76% |
11,808,419 80.89%
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14,598,900
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Most Recent Note for NWSA - 1/6/2010 12:43:25 PM
Sales revenues and earnings history below guidelines.
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RDWR
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Information Technology Service
Radware Limited
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$15.79 |
+0.42
2.73%
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NA
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$15.94
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-0.94% |
56,481 106.17%
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53,200
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Most Recent Note for RDWR - 1/6/2010 12:45:29 PM
Computer - Networking firm (based in Israel) hit a new 52-week high today. Steadily climbing since its quick re-test of support near its 50 DMA line following its high volume breakout on 12/18/09 from an orderly base-on-base pattern. Recent quarters have shown good improvement in fundamentals, but its poor annual earnings (A criteria) history has been noted as a concern.
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RDY
- NYSE - DRUGS - Drug Manufacturers - Other
Dr Reddys Labs Ltd Adr
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$25.98 |
+0.67
2.65%
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NA
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$26.54
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-2.11% |
380,916 89.54%
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425,400
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Most Recent Note for RDY - 1/6/2010 12:47:34 PM
Gapped up today, rallying near its 52-week high. As noted in prior mid-day report appearances, "this Indian firm in the Medical - Ethical Drugs industry group has a poor annual earnings history (A criteria)."
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SNI
- NYSE - MEDIA - CATV Systems
Scripps Ntwrks Intr Cl A
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$44.11 |
+0.46
1.05%
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NA
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$44.55
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-0.99% |
584,024 79.52%
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734,400
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Most Recent Note for SNI - 1/6/2010 12:50:51 PM
Fundamentals are below guidelines of the investment system. High volume behind gains this week have it challenging all-time highs.
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SORL
- NASDAQ - AUTOMOTIVE - Auto Parts
Sorl Auto Parts Inc
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$10.40 |
+0.19
1.90%
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NA
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$10.63
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-2.13% |
222,261 129.75%
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171,300
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Most Recent Note for SORL - 1/6/2010 12:52:41 PM
Today is its 3rd consecutive gain on heavy volume for a new 52-week high. Up substantially from its $1.14 low in March, it is extended from any sound base. Quarterly sales revenues and earnings had been negative in the 3 prior comparisons, yet improved in the latest period ended Sep 30, 2009. Its fundamentals are still clearly below the investment system 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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