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MIDDAY BREAKOUTS REPORT - WEDNESDAY, MAY 15TH, 2013
Previous Mid Day Report Next Mid Day Report >>>
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DOW 15290.66 75.41 (0.50%) | NASDAQ 3470.14 7.57 (0.22%) | S&P 500 1660.37 10.03 (0.61%)
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Time of Screening :
5/15/2013 12:01:54 PM Report Released :
5/15/2013 1:24:15 PM Price is:
Above 52W High and Less Than 52W High
but within 10% 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.
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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 |
Max Buy |
LNKD
- NYSE
Linkedin Corp Class A
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$191.83
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+7.43
4.03%
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$192.56
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1,775,122 76.43% of 50 DAV
50 DAV is 2,322,600
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$202.91 -5.46%
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4/12/2013 |
$182.69
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PP = $184.25 MB = $193.46 |
Most Recent Note - 5/15/2013 12:27:18 PM
Y - Rebounded above its 50 DMA line helping its technical stance improve, and on track for a 3rd consecutive gain with ever-increasing volume. Recent lows in the $171 area define important near-term support above the 4/03/13 low ($165), levels where subsequent violations may raise greater concerns and trigger more worrisome technical sell signals.
>>> The latest Featured Stock Update with an annotated graph appeared on 4/29/2013. Click here.
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MRLN
- NASDAQ
Marlin Business Services
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$23.63
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-1.46 -5.82%
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$25.42
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25,932 106.28% of 50 DAV
50 DAV is 24,400
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$25.97 -9.01%
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3/15/2013 |
$22.29
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PP = $23.18 MB = $24.34 |
Most Recent Note - 5/15/2013 12:37:24 PM
Y - Down considerably today with above average volume slumping below its "max buy" level and its color code is changed to yellow. Prior highs in the $23 area define important chart support to watch coinciding with its 50 DMA line where subsequent violations may raise concerns and trigger technical sell signals.
>>> The latest Featured Stock Update with an annotated graph appeared on 5/2/2013. Click here.
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PRAA
- NASDAQ
Portfolio Recovery Assoc
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$150.01
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+1.04
0.70%
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$151.00
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54,405 79.77% of 50 DAV
50 DAV is 68,200
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$151.00 -0.66%
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5/1/2013 |
$130.77
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PP = $127.88 MB = $134.27 |
Most Recent Note - 5/15/2013 12:47:26 PM
G - Inching further into new high territory with today's 13th consecutive gain. Very extended from prior highs in the $127 area coinciding with its 50 DMA line defining important chart support.
>>> The latest Featured Stock Update with an annotated graph appeared on 5/1/2013. Click here.
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PRLB
- NYSE
Proto Labs Inc
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$55.13
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-1.67 -2.93%
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$55.94
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411,926 76.64% of 50 DAV
50 DAV is 537,500
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$59.84 -7.88%
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5/3/2013 |
$54.77
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PP = $54.01 MB = $56.71 |
Most Recent Note - 5/15/2013 12:49:48 PM
Y - Gapped down today, retreating below its "max buy" level and its color code is changed to yellow. Prior highs in the $54-55 area define support to watch above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 5/3/2013. Click here.
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Symbol - Exchange - Industry Group Company Name |
Last |
Chg |
Day High |
52 WK Hi |
% From Hi |
Volume % DAV |
DAV |
ACAT
- NASDAQ - AUTOMOTIVE - Recreational Vehicles
Arctic Cat Inc
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$47.34 |
-1.40 -2.87%
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$48.05
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$48.84
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-3.07% |
249,106 118.73%
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209,800
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Most Recent Note for ACAT - 5/15/2013 12:07:37 PM
Small gap down today, yet it is perched at 52-week and multi-year highs after recently wedging higher with gains lacking great volume conviction. Quarterly and annual earnings history has been erratic and not a good match with the fundamental guidelines (C and A criteria) of the fact-based investment system.
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ALGT
- NASDAQ - TRANSPORTATION - Regional Airlines
Allegiant Travel Company
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$93.59 |
+1.73
1.88%
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$94.45
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$94.45
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-0.91% |
79,570 81.28%
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97,900
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Most Recent Note for ALGT - 5/15/2013 12:09:46 PM
Hit a new 52-week high today. While consolidating after finding recent support at its 50 DMA line the 5/07/13 mid-day report cautioned - "Its strong earnings increase in Mar '13 marked a 5th consecutive quarterly comparison with earnings above the +25% minimum guideline (C criteria). The previously noted downturn in FY '10 and '11 earnings is a flaw concerning the A criteria so, fundamentally, it is not a match with the fact-based investment system's guidelines."
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DAL
- NYSE - TRANSPORTATION - Major Airlines
Delta Air Lines Inc
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$19.13 |
+0.88
4.82%
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$19.43
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$19.43
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-1.54% |
13,098,252 91.63%
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14,295,400
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Most Recent Note for DAL - 5/15/2013 12:12:34 PM
Hitting another new 52-week high today with a volume-driven gain. Found support above prior highs in the $17.25 area when consolidating since noted in the 5/08/13 mid-day report with caution - "Earnings history is not a match with the fact-based investment system's guidelines (C and A criteria)."
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DDD
- NYSE - COMPUTER HARDWARE - Computer Peripherals
Three D Systems Corp
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$48.53 |
-0.33 -0.68%
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$50.11
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$51.94
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-6.57% |
3,522,401 76.96%
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4,577,000
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Most Recent Note for DDD - 5/15/2013 12:18:36 PM
Perched at its 52-week high and making its 3rd consecutive mid-day report appearance. Prior mid-day reports cautioned - "Completed a new Public Offering on 5/09/13, and an earlier one was completed on 6/13/12. Shares split 3/2 effective 2/25/13. Reported earnings +24% on +31% sales revenues for the Mar '13 quarter. Sequential deceleration in sales revenues and earnings increases in quarterly comparisons was noted as cause for concern. Found support at its 200 DMA line during its consolidation since noted in the 2/13/13 mid-day report with caution - 'Annual earnings (A criteria) history has not been strong and steady, but improved greatly following losses in FY '06-08.'"
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GOOG
- NASDAQ - INTERNET - Internet Information Providers
Google Inc Cl C
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$909.11 |
+22.01
2.48%
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$911.76
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$911.76
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-0.29% |
1,999,650 90.18%
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2,217,300
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Most Recent Note for GOOG - 5/15/2013 12:23:27 PM
Gapped up for new 52-week and all-time highs today. Recently wedged into new high territory with gains lacking great volume conviction while it faced no resistance due to overhead supply. Stubbornly holding its ground and rising since last noted with caution in the 4/22/13 mid-day report - "Reported earnings +15% on +31% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Quarterly earnings increases have been below the +25% minimum earnings guideline leaving fundamental concerns (C criteria). It survived but failed to impress since dropped from the Featured Stocks list on 1/16/08."
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IPAR
- NASDAQ - CONSUMER NON-DURABLES - Personal Products
Inter Parfums Inc
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$31.25 |
+0.11
0.35%
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$31.41
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$31.50
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-0.79% |
104,637 89.43%
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117,000
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Most Recent Note for IPAR - 5/15/2013 12:24:37 PM
Perched at 52-week and multi-year highs while on track for its 7th consecutive gain. Stubbornly holding its ground following recent volume-driven gains, extended from any sound base pattern. Reported earnings +102% on +29% sales revenues for the Mar '13 quarter, but fundamental concerns remain. Prior mid-day report cautioned - "Recent quarterly results have shown waning sales revenues and earnings increases have not been strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) improved since FY '09, however consensus estimates are calling for lower earnings in FY '13."
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LRN
- NYSE - Consumer Svcs-Education
Stride Inc
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$29.07 |
+0.54
1.89%
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$29.20
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$29.20
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-0.45% |
305,838 99.04%
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308,800
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Most Recent Note for LRN - 5/15/2013 12:28:22 PM
Perched at its 52-week high tallying a 5th consecutive gain backed by above average volume. Prior mid-day reports repeatedly cautioned - "Earnings increases improved in the Dec '12 and Mar '13 quarters, but prior quarterly comparisons and its annual earnings (A criteria) history are not a match with the fact-based system's fundamental guidelines. Technically, it is trading at its 52-week high but faces resistance due to overhead supply up through the $37 area."
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LUV
- NYSE - TRANSPORTATION - Regional Airlines
Southwest Airlines Co
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$14.39 |
+0.41
2.93%
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$14.47
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$14.49
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-0.69% |
8,519,594 123.04%
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6,924,200
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Most Recent Note for LUV - 5/15/2013 12:29:56 PM
Perched at its 52-week high, extended from any sound base pattern. Earnings history is not a match with the fact-based investment system's guidelines (C and A criteria).
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MGA
- NYSE - AUTOMOTIVE - Auto Parts
Magna Intl Inc
|
$64.06 |
-0.06 -0.09%
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$64.21
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$65.60
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-2.36% |
670,774 98.73%
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679,400
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Most Recent Note for MGA - 5/15/2013 12:31:47 PM
Holding its ground stubbornly near its 52-week high since gapping up when last noted in the 5/10/13 mid-day report with caution. Found prompt support after undercutting its 50 DMA line then rebounded to new highs since noted in the 4/17/13 mid-day report - "Its earnings history is below guidelines. Shares split 2:1 on 11/26/10 and it survived but failed to impress since noted with caution in the 1/12/11 mid-day report."
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NOAH
- NYSE - FINANCIAL SERVICES - Asset Management
Noah Holdings Ltd Ads
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$11.31 |
+0.44
4.05%
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$11.51
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$11.65
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-2.92% |
84,638 116.74%
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72,500
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Most Recent Note for NOAH - 5/15/2013 12:42:29 PM
Perched at its 52-week high and making a 4th consecutive mid-day report appearance, holding its ground following 2 considerable volume-driven gains. This Chinese provider of investment products reported earnings +217% on +94% sales revenues for the Mar '13 quarter. The low-priced shares undercut the 50 DMA line during its consolidation then rebounded and rallied impressively since noted in the 2/28/13 mid-day report with caution - "Additional resistance remains due to overhead supply. Reported strong sales revenues and earnings increases in the Sep and Dec '12 quarters, but its prior earnings history is not a match with the fact-based investment system's guidelines."
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PCH
- NASDAQ - CONSUMER NON-DURABLES - Paper & Paper Products
Potlatch Corp
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$50.32 |
+0.54
1.08%
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$50.32
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$50.39
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-0.14% |
167,430 83.09%
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201,500
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Most Recent Note for PCH - 5/15/2013 12:44:36 PM
This REIT hit a new 52-week high with today's 5th consecutive small gain backed by above average volume. Earnings history is not a match with the fact-based investment system's guidelines (C and A criteria).
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SIG
- NYSE - SPECIALTY RETAIL - Jewelry Stores
Signet Jewelers Ltd
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$70.02 |
-0.01 -0.01%
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$70.63
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$70.67
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-0.92% |
590,169 89.72%
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657,800
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Most Recent Note for SIG - 5/15/2013 12:56:33 PM
Perched near its 52-week high, consolidating in a very tight trading range. Since last noted in the 4/19/13 mid-day report it found support above prior highs in the $64 area. Gapped up on 3/28/13 breaking out of an orderly flat base above its 50 DMA line, but prior reports cautioned members due to fundamental concerns - "Reported earnings +18% on +12% sales revenues for the Jan '13 quarter. Reported earnings +43% on +1% sales revenues for the quarter ended October 31, 2012 versus the year ago period. Earnings increases were below the +25% minimum guideline (C criteria) in the 3 prior quarterly comparisons and sales revenues growth has been sub par, making it not a good match with the guidelines of the fact-based investment system. This UK-based retailer of jewelry has an annual earnings (A criteria) history that has been improving after a downward turn in FY '08 and '09."
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SIRI
- NASDAQ - MEDIA - Broadcasting - Radio
Sirius X M Holdings Inc
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$3.57 |
+0.12
3.48%
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$3.59
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$3.59
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-0.56% |
57,345,571 137.25%
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41,782,000
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Most Recent Note for SIRI - 5/15/2013 1:07:52 PM
Hitting a new 52-week high with today's big gain, its 5th consecutive gain backed by ever-increasing volume. Its Earnings Per Share Rating has improved to 90, above the 80+ minimum guideline. Fundamental concerns remain with respect to its earnings history through the Mar '13 quarter. The market's biggest winners showed earnings increases of +25% or more in the 3 or 4 most current quarterly comparisons versus the year ago periods. SIRI made gradual progress while trading above and below its 50 DMA line since last noted in the 10/10/12 mid-day report with caution - "Reported greatly improved earnings with sales revenues up +13% in the Jun '12 quarter, accelerating from sales revenues +6%, +7%, and +11% in the Sep, Dec '11, and Mar '12 quarters, respectively. Insider buying reported in recent months after rallying to new multi-year highs is a reassuring sign. Recently said it intended to offer $400 mln of Senior Notes. Following years of losses it reported profits in FY '10 and FY '11, however the investment system guidelines (A criteria) call for 3-5 years of strong and steady earnings growth. It has a large supply of 3.8 billion shares outstanding. Low-priced stocks are discouraged from consideration under the fact-based investment system."
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SODA
- NASDAQ - CONSUMER DURABLES - Appliances
Sodastream Intl Ltd
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$65.41 |
+1.33
2.07%
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$66.69
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$66.69
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-1.93% |
920,446 108.49%
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848,400
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Most Recent Note for SODA - 5/15/2013 1:08:57 PM
Gapped up on the prior session and trading higher today for yet another new 52-week high. Found support at its 50 DMA line last week. Reported earnings +24% on +34% sales revenues for the Mar '13 quarter, just below the +25% minimum guideline (C criteria), following 4 prior quarters with solid earnings increases. This Israeli maker of home beverage carbonation systems was noted in prior mid-day reports with caution - "It faces additional resistance due to overhead supply up through the $79 area. It has earned high ranks based on its strong quarterly and annual earnings history (C and A criteria)."
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SPF
- NYSE - MATERIALS & CONSTRUCTION - Residential Construction
Standard Pacific Corp
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$9.59 |
-0.22 -2.24%
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$9.73
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$9.97
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-3.81% |
14,971,164 338.71%
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4,420,000
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Most Recent Note for SPF - 5/15/2013 1:10:56 PM
Retreating from a new 52-week high hit on the prior session while completing a Secondary Offering. Prior mid-day reports cautioned - Earnings increases above the +25% minimum guideline (C criteria) in recent quarterly comparisons are encouraging, but a downturn in FY '11 earnings is a flaw concerning the A criteria. Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied. Its earnings history has been erratic and is not a match with the fact-based system's guidelines."
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SUSS
- NYSE - Retail-Super/Mini Mkts
Susser Holdings Corp
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$51.95 |
+0.90
1.75%
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$52.60
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$56.95
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-8.79% |
199,535 82.05%
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243,200
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Most Recent Note for SUSS - 5/15/2013 1:15:30 PM
Fundamental concerns remain. Found support at its 50 DMA line this week while consolidating from its 52-week high. Completed a Secondary Offering on 7/17/12 and found support at its 200 DMA during a long and orderly consolidation before rallying into new high territory in recent months. Last noted in the 5/09/12 mid-day report with caution - "The Dec '11 quarter showed earnings +383% on +29% sales revenues. However, consensus estimates for FY '12 are calling for earnings to fall -47% from the prior year, a cause for some concern. Prior mid-day reports have noted - 'The Jun and Sep '11 quarters showed strong sales revenues and earnings increases, but prior quarterly and annual earnings history has been up and down, not a match with the fact-based system's guidelines.'"
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THC
- NYSE - HEALTH SERVICES - Hospitals
Tenet Healthcare Corp
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$47.41 |
-1.84 -3.74%
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$47.70
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$49.47
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-4.16% |
1,992,789 101.33%
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1,966,600
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Most Recent Note for THC - 5/15/2013 1:18:39 PM
Gapped down today, retreating from its new 52-week high hit after wedging higher on the prior session. Reported earnings +120% on only +4% sales revenues for the Mar '13 quarter versus the year ago period. Prior mid-day reports cautioned - "Shares reverse split 1:4 effective 10/11/12. Reported earnings +18% on +7% sales revenues for the Dec '12 quarter. Annual earnings history (A criteria) has improved in recent years, but lackluster sales revenues growth and sub par earnings increases in prior quarters leave fundamental concerns."
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UEIC
- NASDAQ - CONSUMER DURABLES - Electronic Equipment
Universal Electronics
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$26.80 |
+0.31
1.17%
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$26.85
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$27.06
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-0.96% |
64,202 97.42%
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65,900
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Most Recent Note for UEIC - 5/15/2013 1:20:12 PM
Holding its ground and rallying since noted in the 5/10/13 mid-day report with caution - "Hitting a new 52-week high but it faces additional resistance up through the $30 level. Reported earnings +37% on +11% sales revenues for the Mar '13 quarter. Prior quarterly comparisons were sub par, not a match with the fact-based investment system's guidelines (C criteria)."
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VAL
- NYSE - MATERIALS & CONSTRUCTION - General Building Materials
Valspar Corp
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$71.88 |
+0.42
0.59%
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$71.93
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$72.17
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-0.40% |
628,699 112.43%
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559,200
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Most Recent Note for VAL - 5/15/2013 1:24:02 PM
Hitting a new 52-week high with above average volume behind today's 4th consecutive gain. Reported earnings +8% on 0% sales revenues growth for the quarter ended April 30, 2013 versus the year ago period. Annual earnings (A criteria) history has been good, but earnings were below the +25% guideline in the 4 most recent quarterly comparisons while sales revenues have waned. Prior mid-day reports cautioned - "Sales revenues increases decelerated sequentially while reported +22%, +19%, +5%, and +4% over the Jul '11, Oct '11, Jan '12, and Apr '12 periods."
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THESE ARE NOT BUY RECOMMENDATIONS!
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