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MIDDAY BREAKOUTS REPORT - THURSDAY, MARCH 22ND, 2012
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DOW 13065.74 -58.88 (-0.45%) | NASDAQ 3065.99 -9.33 (-0.30%) | S&P 500 1394.83 -8.06 (-0.57%)
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Time of Screening :
3/22/2012 11:57:22 AM Report Released :
3/22/2012 1:27:36 PM Price is:
Above 52W High and Less Than 52W High
but within 7% 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.
|
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 |
DISH
- NASDAQ
Dish Network Corp Cl A
|
$33.56
|
+1.21
3.74%
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$35.64
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6,679,705 257.93% of 50 DAV
50 DAV is 2,589,700
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$35.64 -5.84%
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3/7/2012 |
$30.83
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PP = $30.10 MB = $31.61 |
Most Recent Note - 3/22/2012 12:28:52 PM
G - Trading in the lower half of its intra-day range after a considerable early gain today. Blasted higher with heavy volume following news the FCC is maneuvering its rules in a way viewed as favorable for the company. Quickly getting very extended from its prior base. Prior highs in the $30 area define initial support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/14/2012. Click here.
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LULU
- NASDAQ
Lululemon Athletica
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$73.47
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-0.61 -0.82%
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$74.75
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4,295,483 194.52% of 50 DAV
50 DAV is 2,208,300
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$74.75 -1.72%
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1/10/2012 |
$60.97
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PP = $59.46 MB = $62.43 |
Most Recent Note - 3/22/2012 12:35:31 PM
G - Reported +59% earnings on +51% sales revenues for the quarter ended January 31, 2012 versus the year ago period. Following a gap down it rebounded and touched a new all-time high today. It is extended from any sound base, and its 50 DMA line defines near-term chart support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/21/2012. Click here.
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MG
- NYSE
Mistras Group Inc
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$24.96
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-0.50 -1.96%
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$25.42
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132,373 89.38% of 50 DAV
50 DAV is 148,100
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$26.24 -4.88%
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3/22/2012 |
$24.96
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PP = $26.34 MB = $27.66 |
Most Recent Note - 3/22/2012 12:50:41 PM
Y - Color code is changed to yellow with new pivot point cited based on its 52-week high plus 10 cents after a 12-week base. Disciplined investors will watch for a volume-driven gain above the pivot to confirm a technical buy signal before taking any action. Found support well above its 200 DMA line and it has now rebounded to within -4.2% of its 52-week high. Fundamentals remain strong since it was dropped from the Featured Stocks list on 1/11/12. The number of top-rated funds owning its shares rose from 128 in Mar '11 to 185 in Dec '11, a reassuring sign concerning the I criteria.
>>> The latest Featured Stock Update with an annotated graph appeared on 1/6/2012. Click here.
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MKTX
- NASDAQ
Marketaxess Holdings Inc
|
$36.14
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+1.22
3.49%
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$36.20
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170,744 65.90% of 50 DAV
50 DAV is 259,100
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$37.06 -2.48%
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3/8/2012 |
$35.80
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PP = $35.52 MB = $37.30 |
Most Recent Note - 3/22/2012 12:53:15 PM
Y - Rallying within close striking distance of its all-time high today and promptly rebounding back above its pivot point. The solid volume-driven gain on 3/16/12 helped clinch a technical buy signal. Its 50 DMA line defines important support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/8/2012. Click here.
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NTES
- NASDAQ
Netease Inc Adr
|
$58.42
|
+0.31
0.53%
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$58.95
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382,841 61.00% of 50 DAV
50 DAV is 627,600
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$59.02 -1.02%
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3/19/2012 |
$56.18
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PP = $55.10 MB = $57.86 |
Most Recent Note - 3/22/2012 1:06:54 PM
G - Up again today after a gap up and volume-driven gain on the prior session, rallying further above its "max buy" level and getting extended from its prior base. Its old highs in the $55 area define initial support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/9/2009. Click here.
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RAX
- NYSE
Rackspace Hosting Inc
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$55.05
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-2.75 -4.76%
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$56.00
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1,377,823 67.32% of 50 DAV
50 DAV is 2,046,800
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$58.66 -6.15%
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2/2/2012 |
$46.69
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PP = $45.55 MB = $47.83 |
Most Recent Note - 3/22/2012 1:10:31 PM
G - Down today with higher volume, yet it is up from the session's early lows following a gap down after an analyst downgrade. It recently had wedged up to a new 52-week high with gains lacking great volume conviction, and the last consolidation was noted as a little short of the 5-week minimum length for it to be considered a new flat base pattern. Its 50 DMA line coincides with the prior low in the $49 area, defining an important near-term support level to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/16/2012. Click here.
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RGR
- NYSE
Sturm Ruger & Co Inc
|
$46.49
|
+4.19
9.91%
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$46.80
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589,787 222.39% of 50 DAV
50 DAV is 265,200
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$47.88 -2.90%
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3/22/2012 |
$46.49
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PP = $46.78 MB = $49.12 |
Most Recent Note - 3/22/2012 1:18:20 PM
Y - Color code is changed to yellow with pivot point cited based on its 52-week high plus 10 cents after a 5-week flat base pattern. It found support above its 50 DMA line while consolidating since hitting its old high on 2/22/12, and its considerable gap up gain today helped it hit a new 52-week high. Reported earnings +80% on +45% sales revenues for the quarter ended December 31, 2011 versus the year ago period. Its 3 latest quarterly comparisons showed strong earnings increases well above the +25% minimum guideline while sales revenues showed impressive acceleration. It also has a good annual earnings (A criteria).
There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below
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Symbol - Exchange - Industry Group Company Name |
Last |
Chg |
Day High |
52 WK Hi |
% From Hi |
Volume % DAV |
DAV |
ALOG
- NASDAQ - ELECTRONICS - Scientific & Technical Instrum
Analogic Corp
|
$64.49 |
-0.96 -1.47%
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$65.23
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$66.00
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-2.29% |
33,000 57.89%
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57,000
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Most Recent Note for ALOG - 3/22/2012 12:02:56 PM
Perched near its 52-week high, holding its ground after a recent spurt of volume-driven gains. Reported earnings +92% on +8% sales revenues for the quarter ended January 31, 2012 versus the year ago period following 4 consecutive quarters of earnings increases below the +25% minimum guideline. Last noted in the 1/20/12 mid-day report - "Inching to new 52-week high territory after a 9-month reverse-head-and-shoulders base pattern. Earnings history is not a match with the fact-based system's guidelines."
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BECN
- NASDAQ - MATERIALS &; CONSTRUCTION - General Building Materials
Beacon Roofing Supply
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$24.75 |
-0.12 -0.48%
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$24.92
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$25.79
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-4.03% |
243,114 69.84%
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348,100
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Most Recent Note for BECN - 3/22/2012 12:05:32 PM
Still hovering near 52-week and multi-year highs today. Last noted on 3/14/12 in the mid-day report - "The prior session's volume-driven gain cleared an orderly consolidation above its 50 DMA line. Reported earnings +77% on +21% sales revenues for the latest quarter ended December 31, 2011 versus the year ago period. The 3 latest quarterly comparisons earnings increases were above the +25% guideline satisfying the C criteria. Downturn in FY '10 earnings is a flaw concerning the A criteria of the fact-based investment system's guidelines. It survived but failed to impress since noted in the 5/01/2009 mid-day report - 'Its up and down annual earnings history (the A criteria) is a concern.'"
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CHDN
- NASDAQ - LEISURE - Gaming Activities
Churchill Downs Inc
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$57.24 |
-0.28 -0.49%
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$57.50
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$60.00
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-4.60% |
30,448 95.75%
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31,800
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Most Recent Note for CHDN - 3/22/2012 12:08:06 PM
Consolidating above its 50 DMA line and perched within -4.6% of its 52-week high with no overhead supply to hinder its progress. The 3/14/12 mid-day report noted - "Quarterly sales revenues show deceleration in comparisons through Dec '11 while earnings improved over year ago figures. Its annual earnings (A criteria) history has not been strong and steady."
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CKEC
- NASDAQ - MEDIA - Movie Production, Theaters
Carmike Cinemas Inc
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$12.56 |
+0.04
0.32%
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$12.90
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$12.95
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-3.01% |
58,661 77.59%
|
75,600
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Most Recent Note for CKEC - 3/22/2012 12:10:45 PM
Perched at its 52-week high today after a recent spurt of volume-driven gains. Strong action came in recent weeks as the company provided encouraging guidance and received an analyst upgrade, however prior mid-day reports repeatedly noted - "Fundamentals still are not a match with the investment system's guidelines. It survived but failed to impress since noted in the 10/14/09 mid-day report - 'Poor annual earnings history.'"
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CLH
- NYSE - Pollution Control
Clean Harbors Inc
|
$67.19 |
-0.83 -1.22%
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$67.61
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$71.63
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-6.20% |
232,946 73.79%
|
315,700
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Most Recent Note for CLH - 3/22/2012 12:13:59 PM
Hovering above its 50 DMA line and just -5.4% off its 52-week high today. Its 50 DMA line acted as support throughout its ongoing advance since since rallying from a "double bottom" base in November. Fundamentals remain a concern as only one of its past 3 quarterly comparisons through Dec '11 showed earnings above the +25% minimum guideline. Found support near its 200 DMA line during its consolidation since noted in the 8/03/11 mid-day report - "The downward turn in FY '09 earnings raises concerns with respect to the investment system's A criteria. Recent quarters show sales and earnings improving but prior history is below the fact-based system's guidelines."
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CVBF
- NASDAQ - BANKING - Regional - Pacific Banks
C V B Financial Corp
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$11.45 |
-0.38 -3.17%
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$11.66
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$11.97
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-4.39% |
559,036 84.12%
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664,600
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Most Recent Note for CVBF - 3/22/2012 12:16:01 PM
Gapped down today, pulling back from the new 52-week high hit on the prior session with a volume-driven gap up gain. The 3/21/12 mid-day report noted - "Quarterly earnings have improved while sales revenues have waned in prior comparisons versus the year ago periods. Annual earnings history (A criteria) has been up and down, not strong and steady."
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DG
- NYSE - RETAIL - Discount, Variety Stores
Dollar General Corp
|
$46.39 |
+1.64
3.66%
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$46.95
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$46.95
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-1.19% |
1,908,848 116.63%
|
1,636,700
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Most Recent Note for DG - 3/22/2012 12:27:18 PM
Reported earnings +38% on +20% sales revenues for the quarter ended January 31, 2012 versus the year ago period, showing encouraging acceleration in sequential quarterly sales and earnings increases. Its fundamentals (C & A criteria) are now resembling past great winners, and patient investors may watch for secondary buy points to possibly develop and be noted. Gapped up today and hit a new all-time high with another volume-driven gain. Secondary Offerings were completed on 9/08/11 and on 12/07/11. Its 50 DMA line acted as a support level throughout its ongoing advance, however it is too extended from any sound base pattern to meet the fact-based system's technical guidelines for buy candidates.
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DSW
- NYSE - RETAIL - Apparel Stores
D S W Inc
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$55.07 |
-0.35 -0.63%
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$56.19
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$57.06
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-3.49% |
395,586 81.20%
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487,200
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Most Recent Note for DSW - 3/22/2012 12:29:40 PM
Recently encountered distributional pressure near its all-time highs, meanwhile no resistance remains due to overhead supply. Prior mid-day reports noted - "Recent quarterly comparisons and earnings had improved greatly, but the Oct '11 period showed earnings +11% on +8% sales revenues, below the guidelines of the fact-based system, and a downturn in FY '08 & '09 annual earnings (A criteria) history is another fundamental flaw."
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FRME
- NASDAQ - BANKING - Regional - Midwest Banks
First Merchants Corp Mun
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$11.73 |
-0.27 -2.25%
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$11.94
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$12.11
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-3.14% |
94,162 97.88%
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96,200
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Most Recent Note for FRME - 3/22/2012 12:32:08 PM
Pulling back today following an impressive volume-driven gain for another new 52-week high on the prior session. The 3/05/12 mid-day report noted - "Shrinking sales revenues and erratic quarterly and annual earnings history are not a match with the fact-based investment system's guidelines."
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KORS
- NYSE - RETAIL - Apparel Stores
Michael Kors Hldgs Ltd
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$49.28 |
+0.65
1.34%
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$50.48
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$50.69
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-2.78% |
1,441,011 77.93%
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1,849,200
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Most Recent Note for KORS - 3/22/2012 12:33:22 PM
Consolidating near its all-time high since since proposing a Secondary Offering on 3/09/12. Prior mid-day reports noted - "Limited history is a concern and it is extended from any sound base pattern, up considerably from its 12/15/11 IPO priced at $20."
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MR
- NYSE - HEALTH SERVICES - Medical Appliances &; Equipment
Mindray Medical Intl Ads
|
$32.92 |
+0.39
1.20%
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$33.39
|
$33.39
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-1.41% |
381,872 74.76%
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510,800
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Most Recent Note for MR - 3/22/2012 12:54:39 PM
Rallying to new 52 week highs with a streak of 5 consecutive volume-driven gains. Last noted in the 3/02/12 mid-day report - "Additional overhead supply remains to act as resistance up through the $40 area. Fundamentals remain below the fact-based investment system's guidelines. It survived but failed to impress since it was dropped from the Featured Stocks list on 1/16/08."
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MTD
- NYSE - ELECTRONICS - Scientific & Technical Instrum
Mettler Toledo Intl Inc
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$181.16 |
-3.44 -1.86%
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$183.19
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$193.56
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-6.41% |
179,763 97.80%
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183,800
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Most Recent Note for MTD - 3/22/2012 12:57:09 PM
Consolidating above its 50 DMA line and only -6% off its 52-week high today. Fundamentals remain a concern, as was the case when last noted in the 5/04/11 mid-day report - "Sales revenues and earnings history has not been strong and steady enough to solidly satisfy fundamental guidelines."
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NKE
- NYSE - CONSUMER NON-DURABLES - Textile - Apparel Footwear
Nike Inc Cl B
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$109.97 |
-0.47 -0.43%
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$110.57
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$112.97
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-2.66% |
1,481,669 68.89%
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2,150,900
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Most Recent Note for NKE - 3/22/2012 12:59:08 PM
Consolidating near its 52-week and all-time highs. Fundamentals remains a concern today, as was the case when last noted in the 12/21/11 mid-day report - "Quarterly comparisons show sales revenues and earnings growth below the +25% guideline while its annual earnings (A criteria) growth history has been slow and steady."
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NSR
- NYSE - TELECOMMUNICATIONS - Diversified Communication Serv
Neustar Inc
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$37.03 |
+1.10
3.06%
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$37.08
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$38.69
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-4.29% |
365,604 82.16%
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445,000
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Most Recent Note for NSR - 3/22/2012 1:03:22 PM
Gapped up today, approaching its 52-week high hit when there was a worrisome "negative reversal" after it reported earnings +11% on +27% sales revenues for the quarter ended December 31, 2011 versus the year ago period (below the +25% earnings guideline). Last noted in the 2/03/12 mid-day report - "Bullish action has continued since it gapped up on 10/12/11 after reporting +21% earnings on +8% sales revenues for the quarter ended September 30, 2011 versus the year ago period and announcing plans to acquire Targus Information Corp for $650 million. The 10/04/11 mid-day report noted - 'Quarterly and annual earnings (C and A criteria) history is not a good match with the fact-based system's guidelines.'"
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OABC
- NASDAQ - BANKING - Regional - Southwest Banks
Omniamerican Bancorp
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$18.78 |
-0.32 -1.68%
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$19.08
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$19.64
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-4.38% |
39,492 170.96%
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23,100
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Most Recent Note for OABC - 3/22/2012 1:07:48 PM
Consolidating from its 52-week high after recent volume-driven gains. Prior mid-day reports noted - "Recent quarters showed better earnings versus the year earlier, however unimpressive sales revenues growth suggests no great demand for new (N criteria) products or services."
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PATK
- NASDAQ - Bldg-Mobile/Mfg & RV
Patrick Industries Inc
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$10.41 |
-0.29 -2.71%
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$10.75
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$10.76
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-3.25% |
57,459 89.92%
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63,900
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Most Recent Note for PATK - 3/22/2012 1:08:37 PM
Hovering at its 52-week high today following an impressive spurt of volume-driven gains. Prior mid-day reports noted - "Technically it is extended from prior chart highs, too far from any sound base. Fundamentally it is not a match with the fact-based investment system's guidelines. Low-priced stocks are discouraged from consideration as buy candidates unless all key criteria are solidly satisfied."
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SIG
- NYSE - SPECIALTY RETAIL - Jewelry Stores
Signet Jewelers Ltd
|
$49.25 |
-2.01 -3.92%
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$50.83
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$51.44
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-4.26% |
696,185 99.50%
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699,700
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Most Recent Note for SIG - 3/22/2012 1:20:32 PM
Pulling back today from its 52-week high hit on the prior session. Reported earnings +15% on +7% sales revenues for the quarter ended January 31, 2012 versus the year ago period. Earnings and sales revenues had improved in the April, July, and Oct quarters , however this UK-based retailer of jewelry has an annual earnings (A criteria) history that has been up and down and below guidelines of the fact-based investment system.
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VRSK
- NASDAQ - DIVERSIFIED SERVICES - research
Verisk Analytics Cl A
|
$45.78 |
-0.02 -0.04%
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$46.25
|
$46.29
|
-1.10% |
421,504 57.96%
|
727,200
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Most Recent Note for VRSK - 3/22/2012 1:22:04 PM
Near its 52-week high today while on track for a 4th consecutive gain with volume running at a slightly above average pace. It did not form a proper base since prior mid-day reports noted - "No resistance due to overhead supply, but it is extended from any sound base. Found support above its 50 DMA line during the recent consolidation. Reported earnings +28% on +20% sales revenues for the quarter ended December 31, 2011 versus the year ago period. Prior comparisons were at or just under the +25% minimum earnings guideline while it showed slight sales and earnings acceleration, and its annual earnings (A criteria) history is good. Patient investors may watch for secondary buy points to possibly develop and be noted, rather than chasing it while too extended from a proper base pattern."
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WDC
- NASDAQ - COMPUTER HARDWARE - Data Storage Devices
Western Digital Corp
|
$40.95 |
+1.50
3.80%
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$40.99
|
$41.87
|
-2.20% |
3,436,858 87.74%
|
3,917,200
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Most Recent Note for WDC - 3/22/2012 1:26:38 PM
Volume-driven gain today is challenging its 52-week high. Last noted in the 2/29/12 mid-day report - "Quarterly and annual earnings history is below the investment system's guidelines. Results have been erratic since a previously noted downturn in FY '09 earnings damaged its previously good annual (A criteria) growth history."
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THESE ARE NOT BUY RECOMMENDATIONS!
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