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MIDDAY BREAKOUTS REPORT - WEDNESDAY, JUNE 16TH, 2010
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DOW 10413.54 8.77 (0.08%) | NASDAQ 2314.4 8.52 (0.37%) | S&P 500 1115.62 0.39 (0.03%)
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Time of Screening :
6/16/2010 1:25:18 PM Report Released :
6/16/2010 2:12:15 PM Price is:
Above 52W High and Less Than 52W High
but within 5% 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 |
CISG
- NASDAQ
Cninsure Inc Ads
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$27.20
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-0.09 -0.33%
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$27.44
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242,963 83.18% of 50 DAV
50 DAV is 292,100
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$28.62 -4.96%
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6/16/2010 |
$27.20
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PP = $27.75 MB = $29.14 |
Most Recent Note - 6/16/2010 1:25:18 PM
Y - Recent gains helped it rally back above its 50 DMA line, technically helping its outlook improve. New pivot point is cited based upon its 5/13/10 high and it is again color coded yellow. Based on weak action it was previously dropped from the Featured Stocks list on 5/19/10.
>>> The latest Featured Stock Update with an annotated graph appeared on 5/12/2010. Click here.
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FFIV
- NASDAQ
F 5 Networks Inc
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$74.50
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+1.53
2.10%
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$74.87
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1,339,366 83.00% of 50 DAV
50 DAV is 1,613,600
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$74.87 -0.49%
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6/16/2010 |
$74.50
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PP = $74.10 MB = $77.81 |
Most Recent Note - 6/16/2010 1:50:17 PM
Y - Gain today for a new all-time high after a flat base of about 5-weeks. Color code is changed to yellow with a pivot point based upon its 5/13/10 high plus ten cents. Quarterly sales and earnings results show impressive acceleration in the Mar '10 and Dec '09 periods. The high-ranked Internet- Network Solutions industry group leader maintained a good annual earnings (A criteria) history.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/8/2007. Click here.
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S L
I M
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THOR
- NASDAQ
Thoratec Corp
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$47.25
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+2.46
5.49%
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$47.93
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1,133,253 123.05% of 50 DAV
50 DAV is 921,000
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$47.93 -1.42%
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6/3/2010 |
$44.38
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PP = $45.35 MB = $47.62 |
Most Recent Note - 6/16/2010 2:06:13 PM
G- Considerable gin today with higher volume for a new 52 week high, trading near its "max buy" level. Color code is changed to green as it quickly gets extended from its latest base. No resistance remains due to overhead supply, and it could produce more climactic gains.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/3/2010. Click here.
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S L
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ULTA
- NASDAQ
Ulta Salon Cosm & Frag
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$25.72
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+0.60
2.39%
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$25.80
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467,363 82.35% of 50 DAV
50 DAV is 567,500
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$26.00 -1.08%
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5/28/2010 |
$25.58
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PP = $25.86 MB = $27.15 |
Most Recent Note - 6/16/2010 2:10:29 PM
Y - Gain today has it trading only pennies away from its 52-week high. No overhead supply remains to act as resistance, but it recently completed a Secondary Offering which may hinder upward price progress for the near-term.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/7/2010. Click here.
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Symbol - Exchange - Industry Group Company Name |
Last |
Chg |
Day High |
52 WK Hi |
% From Hi |
Volume % DAV |
DAV |
CRUS
- NASDAQ - ELECTRONICS - Semiconductor - Specialized
Cirrus Logic Inc
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$15.75 |
+0.36
2.34%
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$16.05
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$16.06
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-1.93% |
4,829,589 135.29%
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3,569,800
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Most Recent Note for CRUS - 6/16/2010 1:28:38 PM
Gain today for a new 52-week high following a choppy 5-week consolidation. Noted in prior mid-day reports - "Technically it is very extended, trading more than +100% above its 200 DMA line. It broke out from an orderly base on 3/30/10, and it found support near its 50 DMA line in the market downdraft. Sales and earnings showed great increases in the 2 latest quarters after several negative comparisons versus the year ago period."
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CTRP
- NASDAQ - LEISURE - Resorts & Casinos
Ctrip.com Intl Ltd Adr
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$43.13 |
+0.73
1.72%
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$43.87
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$43.88
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-1.71% |
1,881,133 88.57%
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2,124,000
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Most Recent Note for CTRP - 6/16/2010 1:34:35 PM
Hit another new 52-week high today after a breakout gain on 6/15/10 triggered a technical buy signal. Concerns are raised by the lack of leadership (L criteria) in the stock's Industry Group (Leisure - Travel Booking group currently has a RS rating of 2). Group action determines at least half of a stock's performance. Found support at its 200 DMA line recently. Based on weak action it was dropped from the Featured Stocks list on 5/06/10.
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DFZ
- NASDAQ - CONSUMER NON-DURABLES - Textile - Apparel Footwear
R G Barry Corporation
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$11.77 |
-0.23 -1.92%
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$11.90
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$12.00
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-1.92% |
36,119 96.83%
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37,300
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Most Recent Note for DFZ - 6/16/2010 1:35:51 PM
Wedging to new 52-week highs recently, and it has traded in a very tight range. Amid early-May's market weakness it briefly dove below its 50 and 200 DMA lines, then promptly rebounded. Recent quarters showed improved earnings increases but sales revenues have not shown strong increases and its annual earnings history (A criteria) has been up and down.
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EDU
- NYSE - DIVERSIFIED SERVICES - Education &; Training Services
New Orientl Edu&Tech Ads
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$101.91 |
+2.98
3.01%
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$102.50
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$102.50
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-0.58% |
415,765 118.59%
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350,600
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Most Recent Note for EDU - 6/16/2010 1:43:07 PM
Hit a new 52-week high today with its 5th consecutive gain and great leadership in education-related stocks (L criteria). Quarterly earnings were -26% in the quarter ended November 30, 2009, a worrisome flaw in its earnings history that raises some concerns. Based on weak technical action it was dropped from the Featured Stocks list on 11/17/08. It has a small float of 29.4 million shares with management owning a 22% stake - keeping them motivated to build shareholder value.
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HDB
- NYSE - BANKING - Foreign Regional Banks
H D F C Bank Ltd Adr
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$152.28 |
+0.55
0.36%
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$152.30
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$156.37
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-2.62% |
222,607 78.80%
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282,500
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Most Recent Note for HDB - 6/16/2010 1:53:08 PM
Approaching its 52-week high again with today marking its 5th consecutive gain. Recent quarters showed earnings growth coming back but sub par sales revenues increases. This India-based firm's shares slumped badly and its fundamentals have deteriorated since it was dropped from the Featured Stocks list on 1/17/08.
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MWIV
- NASDAQ - HEALTH SERVICES - Medical Instruments &; Supplies
M W I Veterinary Supply
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$49.51 |
-1.09 -2.14%
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$50.67
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$51.99
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-4.78% |
110,947 173.90%
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63,800
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Most Recent Note for MWIV - 6/16/2010 1:59:14 PM
Consolidating for about 5 weeks during which prior chart highs and its 50 DMA line acted as a support level. No overhead supply remains to act as resistance. Good annual earnings (A criteria) history, but recent quarterly earnings and sales comparisons have been near or below guidelines of the fact-based investment system..
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NFLX
- NASDAQ - SPECIALTY RETAIL - Music & Video Stores
Netflix Inc
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$124.52 |
+1.02
0.83%
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$125.83
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$127.96
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-2.69% |
3,319,051 92.53%
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3,587,100
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Most Recent Note for NFLX - 6/16/2010 2:00:27 PM
Holding its ground near its all-time high, and it is extended from any sound base pattern. 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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NVO
- NYSE - DRUGS - Drug Manufacturers - Other
Novo Nordisk A/S Adr
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$81.96 |
-0.02 -0.02%
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$82.15
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$84.06
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-2.50% |
242,665 75.13%
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323,000
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Most Recent Note for NVO - 6/16/2010 2:00:58 PM
This Denmark-based Medical - Ethical Drug firm sports high ranks after demonstrating strong steady annual earnings (A criteria) growth. Quarterly comparisons show sales and earnings increases mostly below guidelines of the fact-based investment system.
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SAM
- NYSE - FOOD & BEVERAGE - Beverages - Brewers
Boston Beer Company
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$72.98 |
+1.47
2.06%
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$73.36
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$73.36
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-0.52% |
241,581 190.82%
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126,600
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Most Recent Note for SAM - 6/16/2010 2:01:49 PM
Extended from any sound base after streaking higher with multiple gains to new all-time high territory. It is clear of any resistance due to overhead supply. This high-ranked Beverages - Alcoholic industry group leader's annual earnings (A criteria) showed a downturn in FY '08 and its sales revenues history is below the investment system guidelines. Sales revenues showed +16% improvement in the period ended March 31, 2010 versus the year ago period while the 3 latest comparisons showed earnings increases above the +25% guideline.
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TRS
- NASDAQ - MANUFACTURING - Diversified
Trimas Corp
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$11.65 |
+0.02
0.17%
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$11.88
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$11.88
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-1.94% |
106,379 80.59%
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132,000
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Most Recent Note for TRS - 6/16/2010 2:08:23 PM
Holding its ground today after a gap up on 6/15/10 for a new 52-week high. Technically, its streak of 3 prior gains with above average volume helped it quickly get extended from its previously noted 6-week base during which it found support near its 50 DMA line. Noted in prior mid-day reports - "It is up more than 10-fold from a low below $1.00 in March '09. Quarterly and annual sales and earnings history is below guidelines of the fact-based system."
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VASC
- NASDAQ - HEALTH SERVICES - Medical Instruments & Supplies
Vascular Solutions
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$12.55 |
-0.05 -0.40%
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$12.57
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$12.73
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-1.41% |
50,988 78.56%
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64,900
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Most Recent Note for VASC - 6/16/2010 2:11:33 PM
Pulling back from its 52-week high, it is extended from its prior base. Noted in recent mid-day reports - "Recent gains on higher volume helped it break out from a long flat base. Annual earnings (A criteria) history has been good. Dec '09 and Mar '10 quarterly comparisons versus the year ago period only showed sales revenues increases in the +10-15% range with earnings per share increases in the +20-25% range."
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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.
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not endorse or recommend any securities or other investments.
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be suitable for all investors and it is not to be deemed
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