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MIDDAY BREAKOUTS REPORT - FRIDAY, APRIL 27TH, 2012
Previous Mid Day Report Next Mid Day Report >>>
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DOW 13230.92 26.3 (0.20%) | NASDAQ 3068.13 17.52 (0.57%) | S&P 500 1402.51 2.53 (0.18%)
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Time of Screening :
4/27/2012 11:44:56 AM Report Released :
4/27/2012 1:24:29 PM Price is:
Above 52W High and Less Than 52W High
but within 7% of the 52 Week High Volume Is:
At least 75% 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.
|
|
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 |
ARBA
-
|
$38.53
|
+3.17
8.96%
|
$39.84
|
1,742,844 204.15% of 50 DAV
50 DAV is 853,700
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$39.84 -3.29%
|
4/27/2012 |
$38.53
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PP = $37.24 MB = $39.10 |
Most Recent Note - 4/27/2012 11:54:29 AM
Y - Color code is changed to yellow with pivot point cited based on its 7/11/11 high plus 10 cents. Reported earnings +32% on +21% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Technically it broke out of a long choppy base formed since July as it gapped up and rallied for new highs with a considerable volume-driven gain. On track for its 12th weekly gain in the span of 13 weeks. The Sep and Dec '11 quarterly comparisons showed earnings increases above the +25% guideline, and its annual earnings (A criteria) history has been good.
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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CERN
- NASDAQ
Cerner Corp
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$77.23
|
+3.41
4.62%
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$79.82
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1,312,167 131.48% of 50 DAV
50 DAV is 998,000
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$79.82 -3.24%
|
4/27/2012 |
$77.23
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PP = $78.63 MB = $82.56 |
Most Recent Note - 4/27/2012 12:09:42 PM
Y - Color code is changed to yellow with pivot point cited based on its 3/26/12 high plus 10 cents after a 5 week consolidation that included a dip below its 50 DMA line. This Computer Software - Medical firm hit a new 52-week high today, and while no overhead supply remains to act as resistance, a strong finish may clinch a technical buy signal. Reported earnings +35% on +30% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Its quarterly sales revenues and earnings per share track record and its annual earnings history (C and A criteria) satisfy the investment system's fundamental guidelines. The number of top-rated funds owning its shares rose from 885 in Jun '11 to 996 in Mar '12, a reassuring sign concerning the I criteria. It is already heavily owned by the institutional crowd.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/27/2005. Click here.
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EXPE
- NASDAQ
Expedia Inc
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$41.80
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+9.17
28.10%
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$43.00
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14,060,982 408.74% of 50 DAV
50 DAV is 3,440,100
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$43.00 -2.79%
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4/27/2012 |
$41.80
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PP = $35.57 MB = $37.35 |
Most Recent Note - 4/27/2012 12:23:21 PM
Y - Color code is changed to yellow with pivot point cited based on its 3/26/12 high plus 10 cents. Considerable "breakaway gap" up today for new 52-week highs came after reporting earnings +63% on +12% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Quarterly earnings have been above the +25% minimum guideline in 3 of the past 4 comparisons and its annual earnings (A criteria) history has been good.
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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JAZZ
- NASDAQ
Jazz Pharmaceuticals Plc
|
$51.93
|
+6.73
14.88%
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$54.50
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2,359,317 243.50% of 50 DAV
50 DAV is 968,900
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$54.50 -4.72%
|
4/27/2012 |
$51.93
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PP = $51.39 MB = $53.96 |
Most Recent Note - 4/27/2012 12:35:51 PM
Y - Considerable gap up gain today, rising from a "double bottom" base and touching a new all-time high. Color code is changed to yellow and pivot point cited is based on its 4/10/12 high. Its annual earnings (A criteria) history is limited, however quarterly comparisons through Dec '11 have shown strong sales revenues and earnings (good C criteria) increases. Its big FY '10 and '11 earnings followed losses in prior years. Proposed a Secondary Offering on 3/05/12.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/20/2011. Click here.
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PCLN
- NASDAQ
Priceline.com Inc
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$760.25
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+26.98
3.68%
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$762.63
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963,549 82.98% of 50 DAV
50 DAV is 1,161,200
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$774.96 -1.90%
|
4/27/2012 |
$539.46
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PP = $774.96 MB = $813.71 |
Most Recent Note - 4/27/2012 12:53:39 PM
Y - Gapped up today, rallying from support at its 50 DMA line to within close striking distance of its 52-week high. Color code is changed to yellow while rallying from its first test of its 10-week moving average (WMA) since breaking out above resistance in the $554 area in February. In the Certification they teach that after an earlier breakout a secondary buy point exists between the first successful test of the 10 WMA up to +5% above its latest high. The 2-week consolidation is not considered a sound base pattern, yet the pivot point cited is based on that recent high. Prior mid-day reports noted - "Technically, it broke out on 2/13/12 with a volume-driven gain, and now it is getting extended from its prior base. Fundamentals have remained strong since dropped from the Featured Stocks list on 9/29/11. Patient investors may watch for secondary buy points to possibly develop and be noted."
>>> The latest Featured Stock Update with an annotated graph appeared on 9/22/2011. Click here.
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RNF
- NYSE
Rentech Nitrogen Ptnr Lp
|
$29.32
|
+1.07
3.79%
|
$29.91
|
331,973 167.49% of 50 DAV
50 DAV is 198,200
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$29.91 -1.97%
|
4/27/2012 |
$29.32
|
PP = $28.60 MB = $30.03 |
Most Recent Note - 4/27/2012 1:04:57 PM
Y - Hit a new 52-week high today with a gap up gain. The recent orderly consolidation in a tight range was longer than a "3-weeks tight" base pattern. Color code is changed to yellow with pivot point cited based on its 4/12/12 high plus 10 cents. It has sufficient ranks and showed strong earnings increases satisfying the C criteria. Its 11/04/11 IPO was priced at $20, and its limited history is a concern.
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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SHOO
- NASDAQ
Steven Madden Limited
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$43.20
|
-0.88 -2.00%
|
$44.35
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309,519 90.61% of 50 DAV
50 DAV is 341,600
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$45.70 -5.47%
|
4/27/2012 |
$43.20
|
PP = $45.32 MB = $47.59 |
Most Recent Note - 4/27/2012 1:11:00 PM
Y - Color code is changed to yellow with pivot point cited based on its 3/26/12 high while it is still working on a "double bottom" base pattern. Sales revenues showed impressive acceleration in the Jun, Sep, and Dec '11 quarterly comparisons with earnings increases above the +25% minimum guideline in the 2 latest comparisons. Subsequent volume-driven gains above the pivot point may trigger a technical buy signal, meanwhile it is ideal for investors' watchlists.
>>> The latest Featured Stock Update with an annotated graph appeared on 1/4/2011. Click here.
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Symbol - Exchange - Industry Group Company Name |
Last |
Chg |
Day High |
52 WK Hi |
% From Hi |
Volume % DAV |
DAV |
ASGN
- NYSE - Comml Svcs-Staffing
ASGN Incorporated
|
$18.70 |
+1.17
6.67%
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$18.77
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$18.93
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-1.22% |
324,047 103.00%
|
314,600
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Most Recent Note for ASGN - 4/27/2012 11:59:51 AM
Reported earnings +100% on +29% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Hitting a new 52-week high with today's 3rd consecutive gain. Held its ground since a gap up on 3/21/12 for a considerable volume-driven gain and a new 52-week high on news it will acquire Apex Systems. Prior mid-day reports repeatedly noted - "Rising clear of all resistance due to overhead supply. Strong sales revenues and earnings increases versus the year earlier periods in recent quarterly comparisons (through Dec '11) satisfy the C criteria. Its annual earnings (A criteria) growth has not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system."
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CECE
- NASDAQ - Pollution Control
Ceco Environmental
|
$8.23 |
-0.05 -0.63%
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$8.25
|
$8.65
|
-4.88% |
34,752 91.94%
|
37,800
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Most Recent Note for CECE - 4/27/2012 12:00:19 PM
Still consolidating in a tight range above its 50 DMA line and above prior highs since noted in the 3/19/12 mid-day report after a spurt of volume-driven gains to a new 52-week high - "Recent quarterly comparisons showed greatly improved earnings but the lack of sales revenues growth and erratic annual earnings (A criteria) history are fundamental flaws. Low-priced stocks are discouraged from consideration under the fact-based system unless all key criteria are solidly satisfied."
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CRUS
- NASDAQ - ELECTRONICS - Semiconductor - Specialized
Cirrus Logic Inc
|
$28.02 |
+0.63
2.30%
|
$28.18
|
$28.18
|
-0.57% |
2,261,403 95.54%
|
2,367,000
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Most Recent Note for CRUS - 4/27/2012 12:13:28 PM
Up today following the prior session's considerable gap up and volume-driven gain for new 52-week and multi-year highs. Reported earnings +64% on +21% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Earlier gaps up came while rebounding from below its 50 DMA line. That short-term average was recently violated when noted suffering a 2nd consecutive loss on above average volume in the 4/20/12 mid-day report - "It survived but failed to impress since last noted on 3/18/11 when dropped from the Featured Stocks list."
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CRWS
- NASDAQ - Consumer Prod-Specialty
Crown Crafts Inc
|
$5.65 |
+0.05
0.89%
|
$5.74
|
$5.84
|
-3.25% |
57,250 210.48%
|
27,200
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Most Recent Note for CRWS - 4/27/2012 12:13:56 PM
The 4/24/12 mid-day report noted - "This low-priced stock does not meet the fact-based investment system's guidelines. Its earnings history has not been strong and steady."
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FTK
- NYSE - Oil&Gas-Machinery/Equip
Flotek Industries Inc
|
$13.42 |
+0.63
4.91%
|
$13.50
|
$13.71
|
-2.13% |
1,310,707 86.29%
|
1,518,900
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Most Recent Note for FTK - 4/27/2012 12:25:50 PM
Today's 4th consecutive gain on ever-increasing volume has it rallying to new 52-week highs from an orderly base pattern. Last noted in the 1/05/12 mid-day report - "Earnings history has been erratic, so while it may be an interesting turn-around story it is not a match with the investment system's guidelines."
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GWW
- NYSE - WHOLESALE - Electronics Wholesale
Grainger W W Inc
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$211.30 |
+1.84
0.88%
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$211.45
|
$221.84
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-4.75% |
333,523 81.75%
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408,000
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Most Recent Note for GWW - 4/27/2012 12:28:12 PM
Today's 3rd consecutive gain has it rebounding near its 50 DMA line. Heavy distributional pressure after the previously noted, "Churning above average volume for the past couple of weeks", was followed by a damaging violation of important support at its 50 DMA line. Reported earnings +18% on +16% sales revenues for the quarter ended March 31, 2012 versus the year ago period, below the minimum +25% earnings guideline. During April, in 4 prior mid-day reports it was repeatedly noted - "The prior growth history for this Retail/Wholesale Building Products firm included a downturn in FY '09 which raises concerns with respect to the A criteria of the fact-based investment system's guidelines."
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LL
- NYSE - RETAIL - Home Improvement Stores
Lumber Liquidators Hldgs
|
$28.62 |
+1.14
4.15%
|
$28.67
|
$28.76
|
-0.49% |
497,102 77.14%
|
644,400
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Most Recent Note for LL - 4/27/2012 12:37:34 PM
Today's 3rd consecutive volume-driven gain helped it hit another new 52-week high. Reported earnings +45% on +18% sales revenues for the quarter ended March 31, 2012 versus the year ago period. As previously noted, the Sep and Dec '11 quarterly comparisons showed improving sales revenues and earnings increases. Now its 3 consecutive strong quarterly earnings increases (above the +25% minimum) satisfy the C criteria. Annual earnings (A criteria) growth stalled after FY '09, raising fundamental concerns based on the fact-based investment system. It survived but failed to impress since dropped from the Featured Stocks list on 6/08/10 after a "negative reversal" on 4/26/10 marked its all-time high.
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NVO
- NYSE - DRUGS - Drug Manufacturers - Other
Novo Nordisk A/S Adr
|
$144.17 |
-6.84 -4.53%
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$146.08
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$152.31
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-5.34% |
624,353 237.76%
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262,600
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Most Recent Note for NVO - 4/27/2012 12:40:03 PM
Gapped down today, and a volume-driven loss has it sinking near its 50 DMA line, retreating from the all-time high hit last week. The 4/03/12 mid-day report noted- "Its 2 latest quarterly comparisons through Dec '11 had earnings increases below the +25% guideline (not meeting the C criteria). It went through a deep consolidation below its 200 DMA line then rebounded since noted in the 7/28/11 mid-day report. - 'It has earned high ranks after demonstrating strong steady annual earnings (A criteria) growth. This Denmark-based Medical - Ethical Drug firm also has seen the number of top-rated funds owning its shares rise from 152 in Mar '10 to 204 in Mar '11, a reassuring sign concerning the I criteria.'"
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PATK
- NASDAQ - Bldg-Mobile/Mfg & RV
Patrick Industries Inc
|
$12.90 |
+1.46
12.76%
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$12.90
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$13.30
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-3.01% |
287,525 237.04%
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121,300
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Most Recent Note for PATK - 4/27/2012 12:41:16 PM
Up today after a considerable gap up and volume-driven gain on the prior session, challenging its 52-week high. Reported earnings of 63 cents per share in the quarter ended March 31, 2012 versus a penny in the year ago period. Held its ground at its 50 DMA line during its choppy consolidation after an impressive spurt of volume-driven gains. Prior mid-day reports noted - "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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PKI
- NYSE - Medical-Research Eqp/Svc
Perkinelmer Inc
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$27.72 |
+0.88
3.28%
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$28.07
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$28.75
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-3.58% |
895,786 89.41%
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1,001,900
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Most Recent Note for PKI - 4/27/2012 12:56:35 PM
Rebounding from below its 50 DMA line to challenge its 52-week high. Quarterly and annual earnings history is not good match with the fact-based system's guidelines. Recent quarterly earnings comparisons showed deceleration and the Mar '12 period came in just below the +25% minimum earnings increase.
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TKR
- NYSE - MANUFACTURING - Machine Tools & Accessories
Timken Co
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$57.18 |
+1.25
2.23%
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$56.12
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$57.38
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-0.35% |
701,146 75.21%
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932,300
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Most Recent Note for TKR - 4/27/2012 1:14:44 PM
Volume-driven gains this week helped it break out from a sound base pattern and it is challenging its 52-week high with no resistance remaining due to overhead supply. Strong quarterly earnings increases satisfied the C criteria. A drastic downturn in FY '09 earnings is a flaw with respect to the A criteria.
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TMK
- NYSE - INSURANCE - Accident & Health Insurance
Torchmark Corp
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$48.88 |
+0.23
0.47%
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$48.95
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$51.00
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-4.16% |
654,131 79.96%
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818,100
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Most Recent Note for TMK - 4/27/2012 1:15:56 PM
Perched only -4.1% off its 52-week high today. Last noted in the 1/19/12 mid-day report - "Quarterly sales and earnings history has not been a match with the investment system's fundamental guidelines."
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TRIP
- NASDAQ - INTERNET - Internet Information Providers
TripAdvisor Inc
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$37.13 |
+2.75
7.98%
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$34.51
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$37.85
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-1.92% |
2,586,516 144.38%
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1,791,500
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Most Recent Note for TRIP - 4/27/2012 1:17:31 PM
Gapped up and hit a new 52-week high today amid widespread strength in travel-related companies. Reported earnings +14% on +30% sales revenues for the quarter ended December 31, 2011, versus the year ago period, below the +25% minimum earnings guideline of the fact-based investment system.
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TYL
- NYSE - COMPUTER SOFTWARE & SERVICES - Information Technology Service
Tyler Technologies Inc
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$41.06 |
+0.45
1.11%
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$41.61
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$41.61
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-1.32% |
113,401 80.14%
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141,500
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Most Recent Note for TYL - 4/27/2012 1:17:55 PM
Inching to new 52-week highs this week after consolidating above its 50 DMA line. Reported earnings +0% on +13% sales revenues for the quarter ended March 31, 2011 versus the year ago period. The 3/21/12 mid day report noted - "It survived but failed to impress, and fundamentals today are below guidelines. The Computer-Tech Services firm was dropped from the Featured Stocks list on 9/24/08 due to technical weakness."
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USNA
- NYSE - DRUGS - Drug Related Products
U S A N A Health Science
|
$40.96 |
+0.59
1.45%
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$41.06
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$42.14
|
-2.81% |
45,223 82.83%
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54,600
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Most Recent Note for USNA - 4/27/2012 1:23:03 PM
Holding its ground after a gap up and volume-driven gain on 4/25/12 for a new 52-week high. This network marketer of dietary supplements, health foods, and skin care products has been showing recent improvement in quarterly comparisons through Mar '12, but fundamentally the C criteria is not satisfied. Its annual earnings (A criteria) growth rate has been improving since a downturn in FY '08.
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VRSN
- NASDAQ - INTERNET - Internet Software & Services
Verisign Inc
|
$41.57 |
-0.46 -1.09%
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$42.33
|
$43.05
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-3.44% |
1,630,670 77.77%
|
2,096,900
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Most Recent Note for VRSN - 4/27/2012 1:24:16 PM
Consolidating near its 52-week high today. Following a recent spurt of volume-driven gains the 4/24/12 mid-day report noted - "Recent quarterly comparisons show strong earnings increases, but its annual earnings (A criteria) history has been up and down and is not a match with the investment system's guidelines."
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THESE ARE NOT BUY RECOMMENDATIONS!
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