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 MIDDAY BREAKOUTS REPORT - TUESDAY, JANUARY 24TH, 2012
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DOW 12674.16 -34.66 (-0.27%) | NASDAQ 2783.17 -1 (-0.04%) | S&P 500 1313.36 -2.64 (-0.20%)
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Time of Screening :
1/24/2012 11:43:04 AM Report Released :
1/24/2012 12:31:32 PM
Price is:
Above 52W High and Less Than 52W High
but within 10% of the 52 Week High
Volume Is:
At least 57.5% 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 |
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Max Buy |
OSIS
- NASDAQ
O S I Systems Inc
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$54.83
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+1.72
3.24%
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$55.38
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104,177
109.31% of 50 DAV
50 DAV is 95,300
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$56.50
-2.96%
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11/1/2011 |
$42.07
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PP = $45.57
MB = $47.85 |
Most Recent Note - 1/24/2012 12:10:13 PM
G - Gapped up today after it reported earnings +20% on +11% sales revenues for the quarter ended December 31, 2011 versus the year ago period. Results below the +25% minimum earnings guideline, and marking its weakest earnings comparison in 2 years, raised concerns. Its 50 DMA line defines important support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 12/27/2011. Click here.
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SEC |
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Chart | C
A N
S L
I M
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
DG
- NYSE - RETAIL - Discount, Variety Stores
Dollar General Corp
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$41.69 |
+0.40
0.97%
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$41.79
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$42.10
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-0.97% |
1,262,599
59.19%
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2,133,200
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Most Recent Note for DG - 1/24/2012 11:44:52 AM
Consolidating in an orderly base above its 50 DMA line within close range of its all-time high. Secondary Offerings were completed on 9/08/11 and on 12/07/11. Its 50 DMA line recently acted as a support level. Reported earnings +28% on +12% sales revenues for the quarter ended October 31, 2011 versus the year ago period. Quarterly comparisons versus the year ago periods were borderline or 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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EQIX
- NASDAQ - Finance-Property REIT
Equinix Inc
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$116.79 |
+1.78
1.55%
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$117.25
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$117.23
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-0.38% |
420,335
60.07%
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699,700
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Most Recent Note for EQIX - 1/24/2012 11:46:15 AM
Touching yet another new 52-week high with today's gain. Reported earnings -17% on +29% sales revenues for the quarter ended September 30, 2011 versus the year ago period. Noted in the 7/29/11 mid-day report - "Churning heavy volume this week while challenging multi-year highs. Earnings history has been erratic. Showing solid quarterly sales revenues increases. Ownership by top rated funds fell from 746 in Sep '10 to 579 in June '11. There are fundamental concerns due to pre-tax, non-recurring items included in the past 8 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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A N
S L
I M
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GWR
- NYSE - TRANSPORTATION - Railroads
Genesee & Wyoming Inc
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$61.21 |
-1.02
-1.64%
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$61.58
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$64.24
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-4.72% |
141,532
68.64%
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206,200
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Most Recent Note for GWR - 1/24/2012 11:54:29 AM
Accelerating sales revenues growth with better than +25% earnings increases in the past 4 quarterly comparisons satisfies the C criteria, however its annual earnings history (A criteria) has not been strong and steady. Rebounded in recent months following a deep consolidation below its 50 & 200 DMA lines. This Transportation - Rail firm touched new all-time highs since last noted in the 1/05/12 mid-day report.
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A N
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INVN
- NYSE - ELECTRONICS - Scientific & Technical Instrum
Invensense Inc
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$15.89 |
-0.02
-0.13%
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$16.74
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$16.74
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-5.08% |
486,352
88.99%
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546,500
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Most Recent Note for INVN - 1/24/2012 11:56:14 AM
Reversed into the red after hitting yet another new high today following 5 consecutive gains. It hails from the Electronics - Semiconductor Manufacturing group which has recently shown better leadership (L criteria). Prior mid-day reports cautiously noted - "Its 11/16/11 IPO was priced at $8 per share, and the firm's limited history is a concern. "
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KEX
- NYSE - TRANSPORTATION - Shipping
Kirby Corp
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$68.30 |
-0.30
-0.44%
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$68.70
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$70.22
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-2.73% |
319,293
77.67%
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411,100
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Most Recent Note for KEX - 1/24/2012 11:57:38 AM
Pulling back this week after rallying to new all-time highs with 5 consecutive gains last week. Chart support level to watch is its 50 DMA line. Healthy action above that short-term average has followed its considerable "breakaway gap" since noted in the 10/27/11 mid-day report - "Hitting a new 52-week high. Reported earnings +65% on +100% sales revenues for the quarter ended September 30, 2011 versus the year ago period, its second consecutive strong quarterly report. Prior quarterly comparisons showed sub par sales and earnings results and its annual earnings (A criteria) history is not a match with the winning models of the fact-based system. It survived but failed to impress since it was dropped from the Featured Stocks list on 6/12/2008. Traded up as much as +21.5% after first featured at $50.74 in the 3/18/08 CANSLIM.net Mid-Day BreakOuts Report (read here)."
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KSU
- NYSE - TRANSPORTATION - Railroads
Kansas City Southern
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$68.08 |
-4.25
-5.87%
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$68.09
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$74.77
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-8.95% |
3,016,776
251.75%
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1,198,300
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Most Recent Note for KSU - 1/24/2012 12:01:37 PM
Gapped down today, retreating from its all-time high. Prior highs in the $62 area acted as technical support during its prior consolidation. Reported earnings +26% on +11% sales revenues for the quarter ended December 31, 2011 versus the year ago period. Strong quarterly earnings (C criteria) increases have been a reassuring sign, but its annual earnings history (A criteria) included a drastic downturn in FY '09.
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MCD
- NYSE - LEISURE - Restaurants
Mcdonalds Corp
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$99.13 |
-1.82
-1.80%
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$101.02
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$102.22
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-3.02% |
5,708,805
107.91%
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5,290,200
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Most Recent Note for MCD - 1/24/2012 12:04:20 PM
Hovering near its all-time high, encountering some mild distributional pressure. Reported earnings +16% on +10% sales revenues for the quarter ended December 31, 2011. The global burger giant's stock is viewed as a "safe haven" and longtime favorite for some institutional investors, however, with 1.023 billion shares outstanding it is unlikely to be a sprinter capable of many-fold price increases. Earnings increases in the quarterly comparisons have not met the +25% minimum guideline, and sales revenues increases have been sub par.
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I M
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MGRC
- NASDAQ - DIVERSIFIED SERVICES - Rental & Leasing Services
Mcgrath Rentcorp
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$31.43 |
+0.72
2.34%
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$31.43
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$31.45
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-0.06% |
50,387
74.21%
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67,900
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Most Recent Note for MGRC - 1/24/2012 12:08:27 PM
Hitting a new 52-week high today and getting extended from its prior highs in the $28-29 area. Recent quarterly reports show solid sales revenues and earnings increases above the +25% guideline satisfying the C criteria. Its annual earnings (A criteria) history has not been strong and steady.
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RYN
- NYSE - REAL ESTATE - Property Management/Developmen
Rayonier Inc Reit
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$45.89 |
-1.21
-2.57%
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$46.80
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$47.56
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-3.51% |
540,886
64.49%
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838,700
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Most Recent Note for RYN - 1/24/2012 12:12:46 PM
Pulling back today for a 3rd consecutive loss. This REIT focused on timber and real estate just tallied 8 consecutive weekly gains and had wedged to new 52-week highs without great volume conviction. Recent quarterly comparisons showed earnings above the +25% guideline however its annual earnings (A criteria) history has been up and down.
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SBNY
- NASDAQ - BANKING - Regional - Northeast Banks
Signature Bank
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$59.56 |
-2.34
-3.78%
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$62.14
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$64.28
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-7.34% |
325,023
89.91%
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361,500
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Most Recent Note for SBNY - 1/24/2012 12:17:14 PM
Recently rebounded and rallied to new 52-week and all-time highs. Reported earnings +18% on +10% sales revenues for the quarter ended December 31, 2011 versus the year ago period. Went through a deep consolidation below its 50 and 200 DMA lines since last noted in the mid-day report on 7/07/11 after completing a new Public Offering - "Recent quarterly comparisons show great earnings increases and good sales revenues growth, but the downturn in FY '09 annual earnings (A criteria) was noted as cause for concern, fundamentally."
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SIMO
- NASDAQ - ELECTRONICS - Semiconductor - Specialized
Silicon Motion Tech Ads
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$22.22 |
-0.53
-2.33%
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$22.67
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$23.70
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-6.24% |
351,135
58.31%
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602,200
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Most Recent Note for SIMO - 1/24/2012 12:20:46 PM
Hovering near its 52-week high, stubbornly holding its ground in a tight range well above its 50 DMA line after recent gains into new high territory lacked great volume conviction. Last noted in the 1/05/12 mid-day report - "Stubbornly has held its ground following recent volume-driven gains, rising with no overhead supply to act as resistance. Reported earnings +138% on +73% sales revenues for the quarter ended September 30, 2011 versus the year ago period. Recent quarterly comparisons show greatly improved sales revenues and earnings increases. Its annual earnings (A criteria) growth has not been strong and steady, and included a loss in FY '09, so it is fundamentally below guidelines of the fact-based investment system. It survived but failed to impress since dropped from the Featured Stocks list on 7/26/07. "
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SMTC
- NASDAQ - ELECTRONICS - Semiconductor - Integrated Cir
Semtech Corporation
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$29.17 |
+2.28
8.48%
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$29.29
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$29.47
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-1.02% |
571,022
117.64%
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485,400
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Most Recent Note for SMTC - 1/24/2012 12:25:26 PM
Gapped up today and its considerable gain has it challenging its 52-week high with no overhead supply remaining to act as resistance. Annual earnings (A criteria) history included a downturn in FY '09 and results were up and down in years prior. The C criteria is also not satisfied following its sub par quarterly comparisons for July and October '11 after the previously noted "disconcerting sequential deceleration."
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UNP
- NYSE - TRANSPORTATION - Railroads
Union Pacific Corp
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$111.64 |
+0.42
0.38%
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$111.70
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$114.82
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-2.77% |
1,819,137
68.92%
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2,639,400
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Most Recent Note for UNP - 1/24/2012 12:27:01 PM
Pulling back from new 52-week and all-time highs hit last week. The 1/19/12 mid-day report noted - "It reported earnings +28% on +16% sales revenues for the quarter ended Dec 31, 2011 versus the year ago period. This Transportation - Rail firm's 2 prior quarterly comparisons showed earnings increases below the +25% guideline and its annual earnings (A criteria) history had a downturn in FY '09."
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WWD
- NASDAQ - MANUFACTURING - Diversified Machinery
Woodward Inc
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$42.95 |
-0.25
-0.58%
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$45.80
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$45.80
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-6.22% |
887,416
217.88%
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407,300
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Most Recent Note for WWD - 1/24/2012 12:30:54 PM
Reversed into the red today after touching a new 52-week high. Prior resistance in the $37 area defines support below its 50 DMA line. Reported earnings +14% on +12% sales revenues for the quarter ended December 31, 2011 versus the year ago period. A downward turn in FY '10 earnings is a flaw concerning the A 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.
We are not an investment advisor, hence it does
not endorse or recommend any securities or other investments.
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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,
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