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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, MARCH 30TH, 2011
Previous Mid Day Report Next Mid Day Report >>>
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DOW 12376.57 97.56 (0.79%) | NASDAQ 2777.87 20.98 (0.76%) | S&P 500 1330.05 10.61 (0.80%)
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Time of Screening :
3/30/2011 11:28:21 AM Report Released :
3/30/2011 1:25:41 PM
Price is:
Above 52W High and Less Than 52W High
but within 5% 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 |
CTCT
- NASDAQ
Constant Contact Inc
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$34.65
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+0.56
1.64%
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$34.98
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287,195
70.69% of 50 DAV
50 DAV is 406,300
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$36.13
-4.10%
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3/22/2011 |
$33.59
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PP = $32.49
MB = $34.11 |
Most Recent Note - 3/30/2011 11:41:04 AM
G - Rising again today, its color code is changed to green while getting extended from its prior base. Prior highs in the $32 area define support to watch above its 50 DMA line. Approximately 40% of successful winners pull back and test support at their prior resistance level before continuing higher. Disciplined investors always limit losses if a stock falls more than -7% from their purchase price.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/22/2011. Click here.
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LULU
- NASDAQ
Lululemon Athletica
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$89.96
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+0.79
0.89%
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$90.97
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1,617,630
73.28% of 50 DAV
50 DAV is 2,207,600
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$90.97
-1.11%
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3/28/2011 |
$68.11
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PP = $85.38
MB = $89.65 |
Most Recent Note - 3/30/2011 11:54:03 AM
G - Hit another new all-time high today and traded above its "max buy" level, and its color code is changed to green. Considerable volume-driven gains above its pivot point triggered a new (or add-on) technical buy signal this week while breaking out above prior resistance following a noted new base-on-base pattern. Its board of directors approved a 2-for-1 stock split (pending). Traded up at least +87% from when first featured less than 6 months earlier in the 10/08/10 mid-day report (read here) and in that evening's Featured Stock Update section with an annotated graph (read here).
>>> The latest Featured Stock Update with an annotated graph appeared on 2/25/2011. Click here.
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OPEN
- NASDAQ
Opentable Inc
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$106.02
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+3.10
3.01%
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$107.45
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731,254
63.07% of 50 DAV
50 DAV is 1,159,500
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$107.43
-1.31%
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3/17/2011 |
$90.71
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PP = $96.07
MB = $100.87 |
Most Recent Note - 3/30/2011 12:10:09 PM
G - Gapped up today, hitting a new all-time high, getting more extended from its recently noted new base. Its prior high near $96 defines initial support to watch following its latest technical breakout.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/24/2011. Click here.
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RAX
- NYSE
Rackspace Hosting Inc
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$41.87
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+2.16
5.44%
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$41.98
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1,382,293
76.56% of 50 DAV
50 DAV is 1,805,500
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$41.98
-0.26%
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3/16/2011 |
$36.28
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PP = $40.72
MB = $42.76 |
Most Recent Note - 3/30/2011 12:26:41 PM
Y - Still surging higher after a gap up today, hitting new all-time highs. It is on track for a 6th consecutive gain and rallying above its pivot point after an orderly 7-week flat base. Market conditions (M criteria) have recognizably improved in terms of leadership (new 52-week highs) in recent weeks without a strictly defined follow-through day.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/16/2011. Click here.
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TIBX
- NASDAQ
Tibco Software Inc
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$26.05
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-0.22
-0.84%
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$27.00
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3,887,277
157.87% of 50 DAV
50 DAV is 2,462,300
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$27.00
-3.52%
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3/18/2011 |
$23.88
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PP = $26.04
MB = $27.34 |
Most Recent Note - 3/30/2011 1:21:38 PM
Y - Its gain on the prior session with above average volume could be considered a technical buy signal. However, the churning above average volume at its 52-week high this week while not making meaningful price progress suggests that it has been enduring distributional pressure since rising clear of all resistance due to overhead supply.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/18/2011. Click here.
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
BRKR
- NASDAQ - Medical-Systems/Equip
Bruker Corp
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$20.46 |
+0.53
2.66%
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$20.92
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$20.92
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-2.20% |
418,165
72.62%
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575,800
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Most Recent Note for BRKR - 3/30/2011 11:35:24 AM
Gapped up today for a new 52-week high. Last noted in the 2/23/11 mid-day report - "Reported earnings +13% on +14% sales revenues for the quarter ended December 31, 2010 versus the year ago period. It found support above its 50 DMA line when consolidating, then continued rising since noted in the 12/14/10 mid-day report - 'It has rebounded impressively after its subsequent trip below its long-term 200 DMA line. Sales revenues increases have been in the +10-20% range while earnings increases were above the +25% guideline in the past 5 quarterly comparisons through September 30, 2010. That followed a streak of negative comparisons. Its annual earnings (A criteria) have been up and down, leaving concerns.'"
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CAP
- NYSE - DIVERSIFIED SERVICES - Rental & Leasing Services
C A I International Inc
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$25.73 |
+0.62
2.47%
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$26.29
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$26.99
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-4.67% |
108,269
105.73%
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102,400
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Most Recent Note for CAP - 3/30/2011 11:36:33 AM
Small gap up today, perched near its all-time high. Prior mid-day reports noted when challenging its high - "Following a brief consolidation above prior highs and its 50 DMA line defining support. No overhead supply remains to act as resistance, but the downturn in its FY '09 earnings is a flaw with respect to the A criteria. It completed a Public Offering on 12/09/10 and found support near its 50 DMA line since the 11/30/10 mid-day report noted - 'Recent quarterly comparisons show improving sales and earnings after negative comparisons.'"
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CPHD
- NASDAQ - ELECTRONICS - Scientific & Technical Instrum
Cepheid
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$27.82 |
+0.48
1.76%
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$28.00
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$28.00
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-0.64% |
239,854
72.18%
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332,300
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Most Recent Note for CPHD - 3/30/2011 11:38:03 AM
Hitting a new 52-week high today. Found support above its 50 DMA line and continued rising since reporting strong earnings for the Dec '10 quarter. Prior mid-day reports noted - "Reported earnings in the Jun and Sep '10 quarters versus year ago losses, meanwhile its prior earnings history (bad A criteria) has been poor. Technically its gain on 12/07/10 helped it break out from a cup-with-handle type base pattern with volume nearly 2 times its daily average volume."
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ICLK
- NASDAQ - Internet-Content
Iclick Interactive Asia
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$6.86 |
+0.00
0.00%
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$7.00
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$7.09
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-3.24% |
116,356
70.35%
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165,400
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Most Recent Note for ICLK - 3/30/2011 11:47:07 AM
This Internet Advertising services firm is perched near its 52 week high. It was noted in the 3/28/11 mid-day report when spiking up to a new high - "With a 4th consecutive volume-driven gain after a 15-week cup shaped pattern where it found support above its 200 DMA line. Recent quarterly comparisons showed strong sales revenues increases and its quarterly earnings have improved meaningfully. It has a limited annual earnings (A criteria) history, yet fundamentals have been indicative of increasing demand for its products or services. Low-priced stocks are discouraged from consideration under the fact-base system guidelines."
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IOSP
- NASDAQ - CHEMICALS - Specialty Chemicals
Innospec Inc
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$31.00 |
+1.67
5.69%
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$31.00
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$32.11
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-3.46% |
103,651
92.96%
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111,500
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Most Recent Note for IOSP - 3/30/2011 11:49:38 AM
Gapped up today, challenging its 52-week and multi-year highs hit when last noted in the 3/07/11, approaching its $32.45 all-time high from 2007. Prior mid-day reports noted - "Recent quarterly comparisons for Jun, Sep, and Dec '10 quarters show decelerating sales revenues growth (+23%, +17%, +8%) yet solid earnings increases. Its annual earnings (A criteria) history has been improving since a downturn in FY '07."
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LXU
- NYSE - CHEMICALS - Synthetics
L S B Industries Inc
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$38.97 |
-0.50
-1.27%
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$40.20
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$40.31
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-3.33% |
259,831
89.60%
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290,000
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Most Recent Note for LXU - 3/30/2011 11:55:43 AM
Hovering near its all-time high today after a spurt of volume-driven gains. Prior mid-day reports noted - "Stubbornly held its ground since a breakaway gap on 3/04/11. Earnings history is below the investment system's guidelines."
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MELI
- NASDAQ - INTERNET - Internet Software &; Services
Mercadolibre Inc
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$78.89 |
+0.25
0.32%
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$79.99
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$79.99
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-1.38% |
498,605
83.53%
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596,900
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Most Recent Note for MELI - 3/30/2011 12:07:19 PM
Touched a new 52-week and all-time high today while on track for an 8th consecutive gain. Its Relative Strength rating now is at the bare minimum 80 level for buy candidates, however its Relative Strength line has not led the way and confirmed new highs. Based on technical deterioration it was dropped from the Featured Stocks list on 10/19/10, and it found support at its long-term average a couple of times since noted - "The next support to watch is its 200 DMA line."
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NNBR
- NASDAQ - MANUFACTURING - Machine Tools & Accessories
N N Inc
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$17.97 |
+0.69
3.99%
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$18.00
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$18.00
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-0.17% |
127,504
72.73%
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175,300
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Most Recent Note for NNBR - 3/30/2011 12:09:02 PM
Continuing a streak of consecutive mid-day report appearances while rising for new 52-week highs. It went through a choppy consolidation since noted in the 1/11/11 mid-day report - "Recent quarterly comparisons show improving sales and earnings after big losses in FY '09."
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OTEX
- NASDAQ - INTERNET - Internet Software & Services
Open Text Corp
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$62.27 |
+1.18
1.93%
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$63.70
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$63.70
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-2.25% |
338,808
88.16%
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384,300
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Most Recent Note for OTEX - 3/30/2011 12:19:35 PM
Gapped up today after technically breaking out of a flat base with above averatge volume on the prior session. No resistance remains from overhead supply. It has a very good annual earnings (the A criteria) history. The 3 latest quarterly earnings increases have been reported above the +25% guideline of the investment system, however, this Ontario, Canada-based Computer Software - Database firm's sales revenues increases were only in the +3-8% range in the Sep '10 and Dec '10 quarters.
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OVTI
- NASDAQ - ELECTRONICS - Semiconductor - Integrated Cir
Omnivision Technologies
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$36.14 |
+0.07
0.18%
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$37.05
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$37.03
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-2.42% |
1,619,838
62.71%
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2,583,200
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Most Recent Note for OVTI - 3/30/2011 12:23:35 PM
Gains this week helped it rally for new 52-week highs following a pullback near its 50 DMA line, and it is now distancing itself from the previously noted $34.49 high from 2006. Prior mid-day reports noted - "Recent quarterly comparisons show strong sales revenues and earnings increases after a loss in FY '09 and an up and down annual earnings (A criteria)."
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RES
- NYSE - ENERGY - Oil & Gas Equipment & Services
R P C Inc
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$24.75 |
+0.29
1.19%
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$25.39
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$25.39
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-2.52% |
873,484
59.27%
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1,473,700
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Most Recent Note for RES - 3/30/2011 12:28:22 PM
Hitting another new 52-week and all-time high today with its 6th consecutive gain. The 3/29/11 mid-day report noted - "It technically broke out from a cup-with-handle type base pattern with a gap up gain on 3/21/11, after slumping below its 50 DMA line in the interim since last noted in the 12/07/10 mid-day report - 'Extended from any sound base. Recent quarterly comparisons show improving sales and earnings but this Oil and Gas - Field Services firm has an erratic earnings history that is below the investment system guidelines.'"
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SIG
- NYSE - SPECIALTY RETAIL - Jewelry Stores
Signet Jewelers Ltd
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$44.61 |
-0.19
-0.42%
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$45.13
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$46.07
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-3.17% |
476,476
89.36%
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533,200
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Most Recent Note for SIG - 3/30/2011 12:31:03 PM
Churning heavier than average volume while perched near its 52-week high and above its 50 DMA line. It recently found support near prior lows in the $41 area. This UK-based retailer of jewelry was noted in prior mid-day reports - "Quarterly comparisons show a lack of sales revenues growth and its prior quarterly and annual earnings history has been below guidelines of the investment system."
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SOHU
- NASDAQ - INTERNET - Internet Information Providers
Sohu.com Inc
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$88.67 |
-0.93
-1.04%
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$91.71
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$91.71
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-3.31% |
891,053
76.86%
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1,159,300
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Most Recent Note for SOHU - 3/30/2011 12:33:37 PM
Reversed into the red after gapping up today, touching another new 52-week high and trading briefly above its June 2008 all-time high ($91.50). Found prompt support near its 50 DMA line during its consolidation since noted in the 2/10/11 mid-day report and earlier reports - "Following a choppy consolidation below its 50 DMA line, it touched a new 52-week high today. Earnings history (C and A criteria) has been below guidelines of the fact-based investment system."
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SSW
- NYSE - TRANSPORTATION - Shipping
Seaspan Corporation
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$18.45 |
+0.69
3.88%
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$18.50
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$18.70
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-1.34% |
286,043
92.33%
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309,800
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Most Recent Note for SSW - 3/30/2011 12:42:16 PM
Extended from any sound base pattern, spiking to a new 52-week high today. This China-based, high-ranked Transportation - Ship firm had a slight downward turn in its FY '08 earnings, but quarterly comparisons have shown strong sales revenues and earnings increases (C criteria) above the +25% guideline .
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TAL
- NYSE - DIVERSIFIED SERVICES - Rental &; Leasing Services
Tal International Group
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$38.28 |
+2.16
5.98%
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$38.35
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$38.40
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-0.31% |
193,688
105.78%
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183,100
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Most Recent Note for TAL - 3/30/2011 1:14:54 PM
Gapped up today and hit a new 52-week and all-time high. Noted in the 3/29/11 mid-day report after announcing an additional Public Offering - "Recently found great support above its 50 DMA line while enduring some distributional pressure. Last noted in the 3/16/11 mid-day report and earlier reports - 'Recent quarterly comparisons show improving sales and earnings but it annual earnings (A criteria) growth history has not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system.'"
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TZOO
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Information Technology Service
Travelzoo Inc
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$65.94 |
-0.74
-1.11%
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$67.39
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$69.79
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-5.51% |
386,419
92.62%
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417,200
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Most Recent Note for TZOO - 3/30/2011 1:22:39 PM
Up for a 4th consecutive gain with above average volume today and another new 52-week high. Considerable volume-driven gains last week helped it rally above prior resistance in the $53 area following a deep "V" shaped consolidation below its 50 DMA line, not a sound base pattern. Noted in prior mid-day reports - "After a very impressive rally from August '10 lows near $14 and January 2009 low of $3.72 per share. Recent quarterly comparisons show sales and earnings improving but its prior earnings history is below guidelines."
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VRTU
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Information Technology Service
Virtusa Corp
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$18.65 |
+0.59
3.27%
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$18.69
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$18.86
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-1.11% |
66,199
93.90%
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70,500
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Most Recent Note for VRTU - 3/30/2011 1:24:42 PM
Gain today with above average volume for a new 52-week high, recently rallying from an orderly base pattern. Prior mid-day reports noted - "Its earnings history has been below the investment system's guidelines."
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YZC
- NYSE - METALS & MINING - Industrial Metals & Minerals
Yanzhou Coal Mining Adr
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$36.04 |
+1.54
4.46%
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$36.46
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$36.46
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-1.15% |
203,207
75.09%
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270,600
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Most Recent Note for YZC - 3/30/2011 1:25:22 PM
Gapped up again today for another new 52-week high as volume-driven gains this week help it rally above previous resistance in the $32-33 area. It went through a deep consolidation below its 200 DMA line then rebounded since noted in the mid-day report on 4/30/10 - "Perched near its 52-week high after reaching an intra-day high above the pivot point of a 15-week cup with handle pattern. Recent quarters show better sales and earnings but prior quarters and its annual earnings (A criteria) are below guidelines of the fact-based system."
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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,
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