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 MIDDAY BREAKOUTS REPORT - THURSDAY, JUNE 10TH, 2010
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DOW 10078.29 179.04 (1.81%) | NASDAQ 2189.42 30.57 (1.42%) | S&P 500 1074.12 18.43 (1.75%)
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Time of Screening :
6/10/2010 12:26:07 PM Report Released :
6/10/2010 1:23:07 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 |
MELI
- NASDAQ
Mercadolibre Inc
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$54.99
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+1.83
3.43%
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$56.10
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401,504
59.04% of 50 DAV
50 DAV is 680,100
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$56.16
-2.09%
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5/13/2010 |
$54.21
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PP = $55.85
MB = $58.64 |
Most Recent Note - 6/10/2010 1:05:14 PM
Y - Gain today has it currently -2% off its 52-week high after finding support at its 50 DMA line earlier this week. A powerful gain above its pivot point with volume at least +50% above average is necessary to trigger a proper technical buy signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 5/28/2010. Click here.
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A N
S L
I M
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
AKAM
- NASDAQ - INTERNET - Internet Software & Services
Akamai Technologies Inc
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$42.15 |
+0.33
0.79%
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$43.88
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$43.90
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-3.99% |
2,652,892
61.33%
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4,325,300
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Most Recent Note for AKAM - 6/10/2010 12:26:07 PM
Hit a new 52-week high today, and it is extended from any sound base. Sales revenues and earnings history are below the fact-based investment system's guidelines.
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SEC |
News |
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A N
S L
I M
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AZO
- NYSE - RETAIL - Auto Parts Stores
Autozone Inc
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$187.01 |
-1.58
-0.84%
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$188.40
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$195.75
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-4.46% |
740,405
144.61%
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512,000
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Most Recent Note for AZO - 6/10/2010 12:27:38 PM
Consolidating above prior chart highs and its 50 DMA line since its considerable gain with heavy volume on 5/25/10 for a new 52-week high. Earnings increases have been borderline with the minimum guidelines in the past 3 quarters while sales revenues have increased by only +1-10% in the past 4 quarterly comparisons. While consumers are fixing their old cars and holding off on new car purchases, AZO and similar players in the auto-repair arena have shown great relative strength. Guidelines of the investment system, however, call for current earnings per share +25% or more, and acceleration in recent quarters is important. Also, quarterly sales should also be up at least +18%, +25% or more and ideally accelerating over prior quarters.
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SEC |
News |
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A N
S L
I M
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CIB
- NYSE - BANKING - Foreign Regional Banks
Bancolombia Sa Ads
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$48.47 |
+0.12
0.25%
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$49.25
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$49.81
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-2.69% |
179,195
62.50%
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286,700
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Most Recent Note for CIB - 6/10/2010 12:32:41 PM
Perched near all-time highs in the $49 area, this Colombia-based bank operating company's quarterly and annual earnings history has been erratic.
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A N
S L
I M
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COH
- NYSE - CONSUMER NON-DURABLES - Textile - Apparel Footwear
Coach Inc
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$41.93 |
+1.12
2.74%
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$42.92
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$43.84
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-4.36% |
3,047,035
69.71%
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4,370,800
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Most Recent Note for COH - 6/10/2010 12:41:32 PM
Rising above its 50 DMA line to within -5% of its 52-week high. Last noted, following a 3-year hiatus, in the 4/20/10 mid-day report - "Recent quarters showed improving sales and earnings, but today its quarterly and annual earnings history are below the investment system guidelines. COH was previously a Featured Stock that put up great gains and matched the investment system criteria near its Oct 2002 appearance and later."
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SEC |
News |
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A N
S L
I M
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EPB
- NYSE - ENERGY - Oil &; Gas Pipelines
El Paso Pipeline Partner
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$29.75 |
+0.40
1.36%
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$30.15
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$30.17
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-1.39% |
192,238
70.75%
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271,700
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Most Recent Note for EPB - 6/10/2010 12:51:53 PM
Hit another new 52-week high today, and it has made several recent mid-day report appearances. A master limited partnership owns and operates natural gas transportation pipelines and storage assets in the US, it has reported sales revenues and earnings increases borderline with the minimum guidelines of the fact-based investment system in recent quarterly comparisons and has a good annual earnings (A criteria) history. It completed additional Public Offerings in June '09 and Jan '10.
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A N
S L
I M
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GOLD
- NYSE - METALS & MINING - Gold
Barrick Gold Corporation
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$89.25 |
+2.18
2.50%
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$89.80
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$91.75
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-2.72% |
1,043,478
95.33%
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1,094,600
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Most Recent Note for GOLD - 6/10/2010 12:55:13 PM
Perched -2.5% off its 52 week high today, on the right side of a 6-month base pattern. Sales revenues and earnings increases in the past 3 quarterly comparisons have been greater than the +25% minimum guideline, however its up and down annual earnings (A criteria) is a concern.
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A N
S L
I M
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MDAS
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Healthcare Information Service
Medassets Inc
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$24.56 |
+0.42
1.72%
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$24.83
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$24.83
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-1.11% |
660,704
143.94%
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459,000
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Most Recent Note for MDAS - 6/10/2010 1:03:12 PM
No overhead supply exists to hinder its progress as it hits a new all-time high today after an orderly base of more than 7 months. Sales revenues and earnings comparisons have been mostly below the +25% guidelines, leaving fundamental concerns.
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A N
S L
I M
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NFLX
- NASDAQ - SPECIALTY RETAIL - Music & Video Stores
Netflix Inc
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$117.38 |
+1.95
1.69%
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$119.88
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$119.88
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-2.09% |
2,232,956
67.37%
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3,314,500
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Most Recent Note for NFLX - 6/10/2010 1:10:47 PM
Gain today helped it reach a new all-time high, however it has not formed a sound base. Previously noted in the 5/13/10 mid-day report that its chart had "the look of a possible 'climax run' in the making." Since its latest strong quarterly report it has been noted as very strong in terms of key investment criteria. NFLX rebounded impressively since it was dropped from the Featured Stocks list on 6/02/09 based on persistent trading under its 50 DMA line. It was first featured in yellow at $37.13 in the 1/29/09 CANSLIM.net Mid-Day Breakouts Report (read here).
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A N
S L
I M
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SRCL
- NASDAQ - MATERIALS & CONSTRUCTION - Waste Management
Stericycle Inc
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$62.29 |
+0.83
1.35%
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$64.04
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$64.07
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-2.78% |
1,369,943
205.33%
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667,200
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Most Recent Note for SRCL - 6/10/2010 1:18:37 PM
Gapped up today after a powerful breakout gain on 6/09/10 for a new 52-week high convincingly cleared stubborn resistance in the $60 area. Last noted on 11/20/08 when reacting to news it was being added to the S&P 500 Index, replacing Anheuser-Busch. It has steadily produced lackluster earnings and sales growth just under the +25% guideline.
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A N
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I M
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THS
- NYSE - FOOD & BEVERAGE - Processed & Packaged Goods
Treehouse Foods Inc
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$48.04 |
+1.48
3.18%
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$48.10
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$48.49
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-0.93% |
192,918
67.62%
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285,300
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Most Recent Note for THS - 6/10/2010 1:22:16 PM
Gain today helped it hit a new all-time high. Completed a Public Offering on 2/24/10 and found impressive support above prior highs during its subsequent consolidation. Lack of strong sales revenues growth is a fundamental concern, but the company has a good quarterly and annual earnings history.
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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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