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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, JANUARY 20TH, 2010
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DOW 10566.95 -158.48 (-1.48%) | NASDAQ 2281.83 -38.57 (-1.66%) | S&P 500 1134.17 -16.06 (-1.40%)
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Report Released :
1/20/2010 2:17:01 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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$211.09 |
-3.95
-1.84%
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NA
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$215.59
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-2.09% |
13,576,820
78.69%
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17,253,600
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Most Recent Note for AAPL - 1/20/2010 12:39:09 PM
Pulling back from all-time highs, its high volume and lack of substantial price progress in the past couple of weeks smacks of distributional pressure. In prior weeks it rallied above resistance with light-hearted volume, however it has not significantly followed through after rising clear of all 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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AMED
- NASDAQ - HEALTH SERVICES - Home Health Care
Amedisys Inc
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$59.38 |
+1.56
2.70%
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NA
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$61.75
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-3.84% |
1,846,699
179.54%
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1,028,600
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Most Recent Note for AMED - 1/20/2010 12:53:37 PM
It has been managing a choppy recovery since last noted in the mid-day report on 7/30/08, and today it gapped up and hit a new 52-week high following a considerable 1/19/10 gain on heavy volume. It has a strong annual earnings history and quarterly earnings increases have been above the +25% guideline, satisfying the C & A criteria. While rallying impressively toward its $67 all-time high from 2008, its low FY '10 earnings estimates and currently low P/E Ratio of 13 (60% X S&P 500) are concerns with respect to its outlook and fundamentals. Weak technical action prompted this previously featured leader to be dropped from the Featured Stocks on 3/7/08.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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CI
- NYSE - Medical-Managed Care
Cigna Corp
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$38.59 |
+0.67
1.77%
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NA
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$39.26
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-1.71% |
4,747,717
132.20%
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3,591,400
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Most Recent Note for CI - 1/20/2010 1:02:31 PM
Sales revenues and earnings history are below the investment system's guidelines. Gapped up for a second session in a row while rallying to new 52-week highs.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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HUM
- NYSE - HEALTH SERVICES - Health Care Plans
Humana Inc
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$50.55 |
-1.39
-2.68%
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NA
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$52.65
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-3.99% |
5,669,758
245.65%
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2,308,100
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Most Recent Note for HUM - 1/20/2010 1:19:45 PM
Reversed into the red today after early gains for another new 52-week high following its 1/19/10 mid-day report appearance. Group leadership (the L criteria) has been a factor helping many healthcare companies in recent weeks while policy-makers have met behind closed doors to negotiate healthcare reform plans which will impact the industry.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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ISRG
- NASDAQ - HEALTH SERVICES - Medical Appliances & Equipment
Intuitive Surgical Inc
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$304.44 |
-6.37
-2.05%
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NA
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$317.20
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-4.02% |
490,993
113.87%
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431,200
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Most Recent Note for ISRG - 1/20/2010 1:25:06 PM
Consolidating today after hitting a new 52-week high on the prior session, the higher volume and lack of meaningful price progress suggests that it is encountering some distributional pressure. Found support at its 50 DMA line after reporting its latest quarterly results - 3 out of 4 of which have been under the investment system's minimum guidelines. Its annual earnings history (the A criteria) has been very impressive. It has rebounded impressively from its March lows and is an interesting turnaround story, but the C criteria is not solidly satisfied. Notes outlined technical deterioration before and when it was dropped from the Featured Stocks list on 6/10/08. ISRG had traded up more than 13-fold after first featured in yellow in CANSLIM.net reports on August 18, 2004.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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NIHD
- NASDAQ - TELECOMMUNICATIONS - Wireless Communications
N I I Holdings Inc
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$38.22 |
+1.61
4.40%
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NA
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$38.95
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-1.87% |
2,168,970
114.78%
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1,889,700
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Most Recent Note for NIHD - 1/20/2010 1:36:31 PM
Earnings and sales history are below guidelines. Today marks the first time this Telecom-Wireless Services firm has been noted since 3/04/2004.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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RL
- NYSE - CONSUMER NON-DURABLES - Textile - Apparel Clothing
Ralph Lauren Corp Cl A
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$85.19 |
+0.42
0.50%
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NA
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$86.97
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-2.05% |
1,135,329
109.97%
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1,032,400
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Most Recent Note for RL - 1/20/2010 1:39:34 PM
Hovering near its 52-week high above prior chart highs since last noted on 1/07/10 after its 1/05/10 gain helped it rally from an orderly flat base above its 50 DMA line. It has a good annual earnings (A criteria) history, however its current fundamentals (quarterly sales and earnings) are below guidelines. Current earnings per share should be up 25% or more and in many cases accelerating in recent quarters. Quarterly sales should also be up 25% or more or accelerating over prior quarters.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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SBGI
- NASDAQ - MEDIA - Broadcasting - TV
Sinclair Broadcast Group
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$5.06 |
-0.24
-4.44%
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NA
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$5.30
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-4.62% |
445,695
106.47%
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418,600
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Most Recent Note for SBGI - 1/20/2010 1:41:46 PM
Pulling back today after a gain on 1/19/10 with heavy volume helped it challenge its 52-week high. Its earnings and sales history are below guidelines.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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VSEC
- NASDAQ - DIVERSIFIED SERVICES - Technical Services
V S E Corp
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$53.28 |
-0.43
-0.80%
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NA
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$53.90
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-1.15% |
35,672
116.96%
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30,500
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Most Recent Note for VSEC - 1/20/2010 1:58:04 PM
Holding its ground today after a 4-session winning streak on ever-increasing volume for new multi-year highs. Decelerating and negative sales revenues comparisons are a concern yet it has maintained a strong earnings history (good C and A criteria). Based on fundamental and technical disappointments it was dropped from the Featured Stocks list following appearances in prior years. The high-ranked leader's small supply of only 4.05 million shares in float has contributed in the past to its great volatility.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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WILC
- NASDAQ - WHOLESALE - Food Wholesale
G Willi Food Intl Ltd
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$7.05 |
+0.18
2.62%
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NA
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$7.38
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-4.47% |
70,332
293.05%
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24,000
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Most Recent Note for WILC - 1/20/2010 1:59:47 PM
Poor annual earnings history and lack of sales revenues growth are fundamental concerns. Rallied considerably from its March '09 low of $0.55, and it is not near any sound base.
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Company Profile |
SEC |
News |
Chart | C
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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$22.88 |
-0.33
-1.42%
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NA
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$23.99
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-4.63% |
504,784
80.86%
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624,300
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Most Recent Note for WIT - 1/20/2010 2:09:03 PM
Consolidating above its 50 DMA line and prior highs in the $21 area that are a technical support level now. It steadily advanced from its March 2009 low near $5. Quarterly comparisons showed better improvement in sales and earnings for the period ended Dec 31, 2009, however prior quarters showed negative and sub-par results. Its annual earnings in FY '09 were flat even with the prior year. 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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SEC |
News |
Chart | C
A N
S L
I M
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WLP
- NYSE - HEALTH SERVICES - Health Care Plans
Wellpoint Inc
|
$68.31 |
+0.25
0.37%
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NA
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$70.00
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-2.41% |
9,201,790
184.34%
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4,991,700
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Most Recent Note for WLP - 1/20/2010 2:13:17 PM
Reversed into the red today after early gains for a new 52-week high, and it is extended from any sound base. Widespread leadership (L criteria) in the healthcare group prompted the recent appearances of other HMOs. There are fundamental flaws for many large HMOs because earnings and sales revenues have been erratic and sub par with respect to the investment criteria. Policy makers can be expected to have an impact with their legislative maneuvering.
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A N
S L
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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