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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, MAY 23RD, 2012
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DOW 12318.9 -183.91 (-1.47%) | NASDAQ 2804.43 -34.65 (-1.22%) | S&P 500 1296.93 -19.7 (-1.50%)
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Time of Screening :
5/23/2012 11:51:43 AM Report Released :
5/23/2012 12:50:36 PM
Price is:
Above 52W High and Less Than 52W High
but within 8% 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 |
ALXN
- NASDAQ
Alexion Pharmaceuticals
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$90.16
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-2.38
-2.57%
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$91.36
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1,479,582
109.17% of 50 DAV
50 DAV is 1,355,300
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$95.01
-5.10%
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5/1/2012 |
$91.73
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PP = $95.11
MB = $99.87 |
Most Recent Note - 5/23/2012 11:55:37 AM
G - Pulling back today near its 50 DMA line today. Its technical stance and outlook improved with a gap up on news that Alexion will replace Motorola Mobility Holdings Inc in the S&P 500 Index at Thursday's close. Recent lows define near-term chart support well above its 200 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 4/16/2012. Click here.
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Chart | C
A N
S L
I M
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ARBA
-
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$44.85
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-0.02
-0.04%
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$45.04
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13,927,008
1,026.31% of 50 DAV
50 DAV is 1,357,000
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$45.48
-1.39%
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4/27/2012 |
$38.53
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PP = $37.24
MB = $39.10 |
Most Recent Note - 5/23/2012 11:59:34 AM
G - Holding its ground today following a considerable gain on 5/22/12 with heavy volume on news it will be bought by SAP in a $4.3 billion deal. The stock quickly got extended from its prior base after a quiet consolidation above chart support at its 50 DMA line and prior highs.
>>> The latest Featured Stock Update with an annotated graph appeared on 4/30/2012. Click here.
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A N
S L
I M
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EXPE
- NASDAQ
Expedia Inc
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$44.94
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+2.23
5.22%
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$45.87
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4,123,981
94.73% of 50 DAV
50 DAV is 4,353,300
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$45.87
-2.03%
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4/27/2012 |
$41.80
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PP = $35.57
MB = $37.35 |
Most Recent Note - 5/23/2012 12:19:01 PM
G - Hit a new 52-week high today above average volume behind a considerable gain. Technically, it is rallying from an advanced "3-weeks tight" base with no resistance remaining due to overhead supply, however no new pivot point is being cited. Until the market confirms a new rally with a solid follow through day from at least one of the major averages (M criteria) the fact-based investment system argues against new buying efforts in any stocks.
>>> The latest Featured Stock Update with an annotated graph appeared on 5/3/2012. Click here.
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A N
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
BOFI
- NASDAQ - BANKING - Savings & Loans
B O F I Holding Inc
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$18.33 |
-0.07
-0.38%
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$18.42
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$19.00
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-3.53% |
37,619
96.46%
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39,000
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Most Recent Note for BOFI - 5/23/2012 12:02:03 PM
Hovering near its 52-week and all-time highs after a recent spurt of volume-driven gains. Stubbornly held its ground since last noted in the 5/11/12 mid-day report - "Recently held its ground in a tight trading range above its 50 DMA line. Completed a new Public Offering on 12/07/11. There are 8.8 million shares reportedly in the publicly traded float now. Quarterly and annual earnings history are not a match with the C & A criteria but it has earned high ranks."
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A N
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I M
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CAMP
- NASDAQ - TELECOMMUNICATIONS - Communication Equipment
Calamp Corp
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$6.30 |
-0.08
-1.25%
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$6.49
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$6.79
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-7.22% |
104,374
78.48%
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133,000
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Most Recent Note for CAMP - 5/23/2012 12:03:05 PM
This low-priced stock is perched near its 52-week high today after a spurt of volume-driven gains. Reported earnings +200% on +30% sales revenues for the quarter ended February 29, 2012 versus the year ago period. A volume-driven breakout 4/02/12 was previously noted in the 4/10/12 mid-day report when it was also noted - "Earnings history is not a match with the investment system's guidelines."
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CBRL
- NASDAQ - LEISURE - Restaurants
Cracker Barrl Old Cnt St
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$58.03 |
+0.65
1.14%
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$58.36
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$61.89
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-6.23% |
225,317
111.88%
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201,400
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Most Recent Note for CBRL - 5/23/2012 12:09:13 PM
Perched near its 52-week high today following a negative reversal on the prior session. Reported earnings +48% on +4% sales revenues for the quarter ended April 30, 2012 versus the year ago period. Prior quarterly comparisons were sub par with respect to the C criteria. Made steady progress and found support near its 50 DMA line in recent months, and no overhead supply remains to act as resistance. It survived but failed to impress since last noted in the 11/22/10 mid-day report - "Rallying above a multi-month downward trendline after finding support at its 200 DMA line in August. Earnings and sales revenues growth has been sluggish in recent quarterly comparisons and it has a slow but steady annual earnings (A criteria) history."
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A N
S L
I M
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CLB
- NYSE - ENERGY - Oil & Gas Equipment & Services
Core Laboratories Nv
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$133.95 |
-3.04
-2.22%
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$136.65
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$143.21
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-6.47% |
327,593
66.58%
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492,000
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Most Recent Note for CLB - 5/23/2012 12:12:51 PM
Slumping below its 50 DMA line today, yet it is possibly forming a 4-week "square box" base pattern. The 5/18/12 mid-day report noted - "Churning heavy volume this week without making meaningful price progress, a sign it is enduring distributional pressure amid widespread market (M criteria) weakness. It has not formed a sound base, yet it found support at its 50 DMA line and extended its rally from prior highs in the $120 area since noted in the 4/19/12 mid-day report - 'Quarterly sales revenues and earnings growth has been in line with the investment system's guidelines concerning the C criteria. Annual earnings growth has been strong following a dip in its FY '09 earnings.'"
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DSW
- NYSE - RETAIL - Apparel Stores
D S W Inc
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$59.96 |
-1.27
-2.07%
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$61.38
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$61.89
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-3.12% |
300,134
58.84%
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510,100
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Most Recent Note for DSW - 5/23/2012 12:16:23 PM
Making its 2nd consecutive mid-day report appearance, consolidating above prior highs following a considerable gap up gain for a new 52-week high that leaves it facing no resistance due to overhead supply. Recently found support near its 50 DMA line while encountering distributional pressure near its all-time highs. Reported earnings +13% on +11% sales revenues for the quarter ended April 30, 2012 versus the year ago period. The 4/03/12 mid-day report noted - "Reported earnings +24% on +10% sales revenues for the quarter ended January 31, 2012 versus the year ago period. 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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EFC
- NYSE - BANKING - Savings & Loans
Ellington Financial
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$21.28 |
-0.09
-0.42%
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$21.30
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$22.31
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-4.62% |
15,643
62.57%
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25,000
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Most Recent Note for EFC - 5/23/2012 12:17:24 PM
Holding its ground in a tight range since the 5/15/12 mid-day report noted - "Reported earnings +3% on -1% sales revenues for the quarter ended March 31, 2012 versus the year ago period following stronger increases in prior comparisons."
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FLXS
- NASDAQ - CONSUMER DURABLES - Home Furnishings & Fixtures
Flexsteel Industries Inc
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$20.42 |
+0.54
2.72%
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$20.62
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$22.00
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-7.18% |
20,678
98.00%
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21,100
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Most Recent Note for FLXS - 5/23/2012 12:20:14 PM
Quarterly and annual earnings history is not a match with the fact-based investment system guidelines.
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HAIN
- NASDAQ - FOOD & BEVERAGE - Processed & Packaged Goods
Hain Celestial Group
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$53.39 |
-0.29
-0.54%
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$54.74
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$55.98
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-4.63% |
310,223
60.02%
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516,900
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Most Recent Note for HAIN - 5/23/2012 12:21:21 PM
Hovering near its 52-week high today, holding its ground following a streak of gains with above average volume while getting very extended from any sound base pattern. Reported earnings +50% on +32% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Earnings were above the +25% minimum guideline in 3 of the past 4 quarterly comparisons satisfying the C criteria, however fundamental concerns remain regarding its annual earnings (A criteria) history. The 5/31/11 mid-day report noted- "Found support near its 50 DMA line throughout its ongoing ascent violation. Cluster buying by company insiders in recent months was noted as a reassuring sign. Recent quarterly comparisons show sales revenues and earnings improvements helping it better satisfy the C criteria, but a downturn in FY '09 and FY '10 is a flaw with respect to the A criteria."
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PAR
- NYSE - COMPUTER HARDWARE - Data Storage Devices
Par Technology Corp
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$5.05 |
-0.03
-0.59%
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$5.05
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$5.18
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-2.51% |
25,350
122.46%
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20,700
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Most Recent Note for PAR - 5/23/2012 12:25:48 PM
This low-priced stock has built an orderly flat base over the past 4 months. Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied. Its sales revenues and earnings history are not a match with the fact-based investment system's guidelines concerning the C and A criteria.
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PETM
- NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other
Petsmart Inc
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$61.72 |
+6.10
10.96%
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$62.10
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$62.10
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-0.62% |
3,419,932
370.16%
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923,900
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Most Recent Note for PETM - 5/23/2012 12:33:25 PM
Considerable gap up gain today with heavy volume for a new 52-week high, blasting from below its 50 DMA line after damaging distributional losses. Reported earnings +39% on +9% sales revenues for the quarter ended April 30, 2012 versus the year ago period. Current earnings per share have been up +25% or more in 3 of the past 4 comparisons, which is good concerning the C criteria. However, quarterly sales revenues increases in the +6-9% are below the robust growth guidelines of the investment system, while sales should be up +18-25% or more or showing great acceleration over prior quarters.
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SHW
- NYSE - MATERIALS & CONSTRUCTION - General Building Materials
Sherwin-Williams Co
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$120.21 |
+1.07
0.90%
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$120.81
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$125.20
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-3.99% |
727,611
58.21%
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1,249,900
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Most Recent Note for SHW - 5/23/2012 12:44:24 PM
Up for a 4th consecutive session today. Consolidating after a pullback near important support at its 50 DMA line with a streak of 6 consecutive losses since a "negative reversal" at its 52-week high. The 5/08/12 mid-day report and subsequent reports repeatedly noted - "Quarterly and annual earnings (C and A criteria) increases have not been strong and steady enough to meet the guidelines."
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SNI
- NYSE - MEDIA - CATV Systems
Scripps Ntwrks Intr Cl A
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$51.79 |
-0.96
-1.82%
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$52.66
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$55.35
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-6.43% |
705,945
63.72%
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1,107,900
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Most Recent Note for SNI - 5/23/2012 12:48:24 PM
Consolidating above its 50 DMA line, yet it has slumped back below multi-year highs in the $53 area and it completely negated its considerable volume-driven gain from 5/03/12. Last noted in the 5/08/12 mid-day report - "Fundamentals are below guidelines of the investment system. Reported earnings +18% on +11% sales revenues for the quarter ended March 31, 2012 versus the year ago period."
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TRIB
- NASDAQ - DRUGS - Diagnostic Substances
Trinity Biotech Plc Adr
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$11.18 |
-0.25
-2.15%
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$11.42
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$11.75
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-4.82% |
30,405
67.72%
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44,900
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Most Recent Note for TRIB - 5/23/2012 12:49:13 PM
Still consolidating above prior highs and its 50 DMA line in the $11 area that define chart support. Noted in prior mid-day reports - "Annual earnings (A criteria) showed steady increases since a downturn in FY '08. This Ireland-based firm hailing from the Medical - Products industry group is not a match with the winning models from the book, 'How To Make Money In Stocks'. The past 8 quarterly earnings comparisons through Mar '12 were below the +25% minimum guideline of the fact-based investment system."
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VPFG
- NASDAQ - BANKING - Savings & Loans
Viewpoint Financial Grp
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$15.62 |
-0.14
-0.89%
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$16.29
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$16.85
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-7.30% |
108,163
71.02%
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152,300
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Most Recent Note for VPFG - 5/23/2012 12:50:05 PM
Trading under its 50 DMA line today after volume-driven losses, yet it is still perched only -6.7% off its 52-week high. Reported earnings +10% on -6% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Prior mid-day reports noted - "Below the fact-based investment system's +25% earnings guideline."
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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,
service marks and trade names appearing in this report
are the property of their respective owners, and are
likewise used for identification purposes only.
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