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 MIDDAY BREAKOUTS REPORT - TUESDAY, JANUARY 12TH, 2010
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DOW 10593.48 -70.51 (-0.66%) | NASDAQ 2276.83 -35.58 (-1.54%) | S&P 500 1131.82 -15.16 (-1.32%)
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Report Released :
1/12/2010 2:08:23 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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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 |
AAPL
- NASDAQ - COMPUTER HARDWARE - Personal Computers
Apple Inc
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$208.50 |
-1.64
-0.78%
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NA
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$215.59
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-3.29% |
10,973,157
63.55%
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17,267,900
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Most Recent Note for AAPL - 1/12/2010
Consolidating in a tight range near all-time highs with no resistance standing in its way from overhead supply. It has rebounded impressively since the "Apple, Once Sweet, Now Rotten!" headlined follow-up coverage of this previously featured favorite. It has a stellar annual earnings history (the A criteria). Its 900 million shares outstanding is a huge supply (S criteria), making the fact that recent quarterly comparisons have shown impressive earnings and sales acceleration all the more impressive! Quarterly growth has improved, however this candidate falls short of the big winning examples shown in the book "How to Make Money in Stocks" which set the standard for the C criteria of the proven investment system.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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CTSH
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Cognizant Tech Sol Cl A
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$48.33 |
+1.85
3.98%
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NA
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$48.49
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-0.33% |
1,910,705
59.16%
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3,229,500
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Most Recent Note for CTSH - 1/12/2010 1:00:40 PM
Gapped up today and hit a new all-time high above its February 2007 high, but it has erased most of its considerable early gain. Recent quarterly sales revenues and earnings increases were noted in the 1/08/2010 mid-day report as "below or borderline with the investment system's minimum guidelines." On 4/11/07 this stock was dropped from the CANSLIM.net Featured Stocks list and it subsequently fell from $40+ to $14 before rebounding impressively. Over the past 13 months, it found support numerous times at its 50 DMA line, a typical characteristic of healthy stocks.
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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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$19.08 |
-0.61
-3.10%
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NA
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$19.92
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-4.22% |
300,202
63.55%
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472,400
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Most Recent Note for CYD - 1/12/2010 1:06:25 PM
Gapped down today from its 52-week high after 3 consecutive gains on heavy volume. Its recent breakout followed an orderly consolidation above its 50 DMA line. Erratic sales and earnings history leaves fundamental concerns. This marks the Singapore-based firm's 6th consecutive appearance in the mid-day report.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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DECK
- NYSE - Apparel-Clothing Mfg
Deckers Outdoor Corp
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$110.35 |
+0.78
0.71%
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NA
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$113.10
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-2.43% |
255,591
57.62%
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443,600
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Most Recent Note for DECK - 1/12/2010 1:14:58 PM
Consolidating near its 52-week high, extended more than +5% above the highs from its latest sound base. This apparel firm has a great annual earnings history (A criteria). After deceleration and a downturn in the prior earnings comparison, the company showed better sales revenues and earnings increases for the quarter ended September 30, 2009. The number of top-rated funds owning an interest (I criteria) has risen from 127 in Jun '09 to 137 in Dec '09.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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INFY
- NYSE - COMPUTER SOFTWARE & SERVICES - Technical & System Software
Infosys Ltd Ads
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$58.30 |
+3.02
5.46%
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NA
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$58.58
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-0.48% |
2,611,683
175.40%
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1,489,000
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Most Recent Note for INFY - 1/12/2010 1:21:15 PM
Sales and earnings history is below guidelines. Gapped up today for a new 52-week high, and the considerable gain has it rallying toward its February 2007 high. On 3/05/07 this stock was dropped from the CANSLIM.net Featured Stocks list. While rallying from subsequent lows, it steadily advanced for the past 10 months, finding support near its 50 DMA line several times.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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MSTR
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Microstrategy Inc Cl A
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$94.36 |
+3.59
3.95%
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NA
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$98.64
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-4.34% |
89,818
67.08%
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133,900
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Most Recent Note for MSTR - 1/12/2010 1:32:07 PM
Gapped up today following a test of its 50 DMA line on the prior session. The latest quarter showed better sales and earnings increases, but its fundamental history leaves it below guidelines. Annual earnings were lower in FY '07 & '08, which is a big concern with respect to the A criteria.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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RDWR
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Information Technology Service
Radware Limited
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$16.19 |
+0.24
1.50%
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NA
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$16.63
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-2.65% |
44,595
75.58%
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59,000
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Most Recent Note for RDWR - 1/12/2010 1:40:16 PM
Computer - Networking firm (based in Israel) gapped up again today and hit another new 52-week high, marking its 5th appearance in this mid-day report in 2010. It has steadily advanced 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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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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RICK
- NASDAQ - LEISURE - Restaurants
Ricks Cabaret Intl Inc
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$11.17 |
+0.11
0.99%
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NA
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$11.46
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-2.53% |
63,925
83.56%
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76,500
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Most Recent Note for RICK - 1/12/2010 1:42:28 PM
Holding its ground near its 52-week high after 2 consecutive gains on well above average volume. Previously noted in 3 recent mid-day reports, "Technically, this low-priced stock is rallying above the pivot point of a near 20-week "double bottom" type base. The investment system discourages buying low priced stocks, especially when not all key criteria are favorable with respect to the guidelines. Its quarterly and annual earnings comparisons have been below guidelines and the rate of sales revenues growth has been decelerating."
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SEC |
News |
Chart | C
A N
S L
I M
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SORL
- NASDAQ - AUTOMOTIVE - Auto Parts
Sorl Auto Parts Inc
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$11.45 |
+0.53
4.85%
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NA
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$11.74
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-2.47% |
361,607
188.53%
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191,800
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Most Recent Note for SORL - 1/12/2010 1:43:35 PM
Gapped up again today for a new 52-week high while posting its 7th consecutive gain. 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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SEC |
News |
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A N
S L
I M
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TAM
- NYSE - TRANSPORTATION - Major Airlines
Taminco Corporation
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$24.29 |
-0.56
-2.25%
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NA
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$25.34
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-4.14% |
517,498
58.07%
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891,100
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Most Recent Note for TAM - 1/12/2010 1:45:25 PM
As previously noted, "Sales and earnings history below guidelines, yet technical action has been strong in recent months."
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News |
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A N
S L
I M
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WIT
- NYSE - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Wipro Ltd Adr
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$23.50 |
+1.32
5.95%
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NA
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$23.64
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-0.59% |
401,312
72.14%
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556,300
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Most Recent Note for WIT - 1/12/2010 1:47:14 PM
Gapped up today and hit a new all-time high while making its second mid-day report appearance of 2010. It has steadily advanced from its March low near $5. As noted previously, "after years of steady earnings growth, recent quarterly comparisons show no growth. This Indian IT firm was was dropped from the Featured Stocks list on 2/28/07 and it subsequently sank from $17.51 to as low as $5.04 before rebounding."
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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,
service marks and trade names appearing in this report
are the property of their respective owners, and are
likewise used for identification purposes only.
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