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MIDDAY BREAKOUTS REPORT - THURSDAY, JUNE 19TH, 2014
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DOW 16859.11 -47.58 (-0.28%) | NASDAQ 4342.1 -20.74 (-0.48%) | S&P 500 1954.36 -2.62 (-0.13%)
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Time of Screening :
6/19/2014 12:07:07 PM Report Released :
6/19/2014 1:20:17 PM Price is:
Above 52W High and Less Than 52W High
but within 10% 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 |
Max Buy |
BWLD
- NASDAQ
Buffalo Wild Wings Inc
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$158.52
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+2.81
1.80%
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$159.17
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252,741 60.90% of 50 DAV
50 DAV is 415,000
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$159.81 -0.81%
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6/19/2014 |
$158.52
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PP = $159.91 MB = $167.91 |
Most Recent Note - 6/19/2014 12:38:16 PM
Y - Color code is changed to yellow with pivot point cited based on its 3/21/14 high plus 10 cents. Challenging its 52-week high with today's 3rd consecutive gain while working on the right side of a 13-week base. Subsequent volume-driven gains above the pivot point are still needed to trigger a proper technical buy signal. Reported earnings +71% on +21% sales revenues for the Mar '14 quarter, an improvement after a slightly sub par quarter. Found support at its 200 DMA line then rebounded since last noted with caution in the 4/03/14 mid-day report - "Reported earnings +24% on +12% sales revenues for the Dec '13 quarter."
>>> The latest Featured Stock Update with an annotated graph appeared on 8/1/2007. Click here.
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A N
S L
I M
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EQM
- NYSE
E Q T Midstream Partners
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$94.60
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+2.97
3.24%
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$94.79
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320,904 105.56% of 50 DAV
50 DAV is 304,000
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$97.22 -2.69%
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12/12/2013 |
$53.17
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PP = $56.51 MB = $59.34 |
Most Recent Note - 6/19/2014 12:47:15 PM
G - Perched near its 52-week high today. Prior reports repeatedly cautioned members - "It is very extended from any sound base. Fundamental concerns remain after 2 consecutive sub par quarters below the +25% minimum earnings guideline."
>>> The latest Featured Stock Update with an annotated graph appeared on 6/4/2014. Click here.
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A N
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TRN
- NYSE
Trinity Industries Inc
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$84.90
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-0.11 -0.13%
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$86.69
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1,270,051 80.28% of 50 DAV
50 DAV is 1,582,000
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$87.89 -3.41%
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4/30/2014 |
$75.57
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PP = $76.05 MB = $79.85 |
Most Recent Note - 6/19/2014 1:18:10 PM
G - Perched within close striking distance of its 52-week high, extended from its prior base. Recent lows in the $79 area and its 50 DMA line coincide defining important near-term support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/16/2014. Click here.
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Symbol - Exchange - Industry Group Company Name |
Last |
Chg |
Day High |
52 WK Hi |
% From Hi |
Volume % DAV |
DAV |
ACMP
- NYSE - ENERGY - Oil & Gas Pipelines
Access Midstream Ptnrs
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$61.51 |
+1.04
1.72%
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$61.69
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$66.71
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-7.79% |
1,099,900 207.14%
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531,000
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Most Recent Note for ACMP - 6/19/2014 12:10:49 PM
Found support at its 50 DMA line after retreating abruptly from its new 52-week high following news it will be completely acquired by Williams Co (WMB). Prior mid-day reports repeatedly cautioned members - "Reported earnings +7% on +17% sales revenues for the Mar '14 quarter, below the +25% minimum earnings guideline (C criteria). The earnings history for this MLP is not a match with the fact-based investment system's guidelines."
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ASX
- NYSE - ELECTRONICS - Semiconductor Equipment & Mate
Advancd Semicdtr Eng Adr
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$6.58 |
-0.07 -1.05%
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$6.66
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$6.65
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-1.05% |
424,399 61.60%
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689,000
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Most Recent Note for ASX - 6/19/2014 12:12:17 PM
Perched at its 52-week high following 3 consecutive gains marked by above average volume. Reported earnings +40% on +11% sales revenues for the Mar '14 quarter, but fundamental concerns remain. Noted with caution in prior mid-day reports - "Fundamentals are not a match with the fact-based investment system (C and A criteria). Low-priced stocks are discouraged unless all key criteria are solidly satisfied."
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CMI
- NYSE - MANUFACTURING - Diversified Machinery
Cummins Inc
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$156.15 |
-0.66 -0.42%
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$156.91
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$161.03
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-3.03% |
1,087,639 100.24%
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1,085,000
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Most Recent Note for CMI - 6/19/2014 12:43:58 PM
Reported earnings +27% on +12% sales revenues for the Mar '14 quarter. Fundamental concerns remain, as prior quarterly earnings increases were below the +25% minimum guideline (C criteria). Last noted with caution in the 3/20/12 mid-day report - "Downward turn in FY '09 earnings (A criteria) makes it fall below the fundamental guidelines of the fact-based investment system."
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CO
- NYSE - DIVERSIFIED SERVICES - Technical Services
China Cord Blood Corp
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$4.75 |
+0.05
1.06%
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$4.84
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$4.85
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-2.06% |
45,299 59.60%
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76,000
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Most Recent Note for CO - 6/19/2014 12:46:33 PM
Reported earnings +40% on +14% sales revenues for the Mar '14, but fundamental concerns remain with respect to the fact-based investment system's C and A criteria. Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied.
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ESTE
- AMEX - Oil&Gas-U S Expl&Prod
Earthstone Energy Inc
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$34.09 |
+0.10
0.29%
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$34.75
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$35.00
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-2.61% |
7,239 60.33%
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12,000
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Most Recent Note for ESTE - 6/19/2014 12:49:05 PM
Technically it broke out on 5/16/14 after noted in the 5/09/14 mid-day report with caution. Perched at its 52-week high today following a spurt of 12 gains in the span of 14 sessions. Reported +51% earnings on +41% sales revenues for the Mar '14 quarter, the 4th consecutive quarterly comparison satisfying the C criteria. It is very extended from any sound base after having rallied above previously noted resistance at multi-year highs in the $25-26 area. There is a very small supply of only 1.25 million shares (S criteria) in the float and only 4 top-rated funds (I criteria) own its shares.
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GLOG
- NYSE - Transportation-Ship
GasLog Ltd
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$29.59 |
+1.75
6.29%
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$29.89
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$28.89
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2.42% |
2,112,969 147.45%
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1,433,000
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Most Recent Note for GLOG - 6/19/2014 12:50:22 PM
Rebounded above its 50 DMA line during its streak of 8 consecutive gains and it is hitting a new 52-week high today. Prior mid-day reports repeatedly cautioned members - "Completed a new Public Offering on 4/11/14. Showed strong sales and earnings increases in the 4 latest quarterly comparisons through Mar '14 but its annual earnings (A criteria) history has been erratic and not a match with the fact-based investment system's guidelines."
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IHG
- NYSE - LEISURE - Lodging
Intercontinental Hotels
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$39.11 |
+0.24
0.62%
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$39.17
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$39.80
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-1.73% |
464,965 252.70%
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184,000
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Most Recent Note for IHG - 6/19/2014 12:51:56 PM
Holding its ground stubbornly near its 52-week high following a spurt of volume-driven gains since a considerable gap up on 5/02/14. Reported earnings +18% on +0% sales revenues for the quarter ended Dec 31, 2013 versus the year ago period. Prior mid-day reports repeatedly noted - "Its prior earnings history (A criteria) is below guidelines of the fact-based system."
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MCRS
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software
Micros Systems Inc
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$65.60 |
-0.27 -0.41%
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$65.94
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$70.24
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-6.61% |
589,879 59.11%
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998,000
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Most Recent Note for MCRS - 6/19/2014 12:54:48 PM
Perched near its 52-week high today following a considerable volume-driven gain on 6/17/14. The prior mid-day report cautioned members - "Reported earnings +16% on +11% sales revenues for the quarter ended March 31, 2014 versus the year ago period. Prior comparisons have not been a match with the fact-based system's guidelines."
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MEAS
- NASDAQ - MANUFACTURING - Industrial Electrical Equipmen
Measurement Specialties
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$86.20 |
+8.20
10.51%
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$86.44
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$79.00
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9.11% |
2,672,731 4,689.00%
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57,000
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Most Recent Note for MEAS - 6/19/2014 12:58:48 PM
Gapped up and hit a new 52-week high today following news it will be acquired by TE Connectivity under the terms of a definitive agreement valued at approximately $1.7 billion. During an impressive streak of gains with no resistance due to overhead supply it was noted repeatedly with caution in prior mid-day reports - "Earnings rose +6% on +18% sales revenues for the Mar '14 quarter and fundamental concerns remain. Continuing its streak of sub par earnings comparisons. Its annual earnings (A criteria) history is below guidelines of the fact-based system. Fundamentals deteriorated after it was dropped from the Featured Stocks list on 12/14/2007. It subsequently fell from $23.15 to as low as $2.30. Its impressive rebound makes it an interesting turnaround story."
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NVDA
- NASDAQ - ELECTRONICS - Semiconductor - Specialized
Nvidia Corp
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$19.04 |
-0.55 -2.81%
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$19.33
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$19.73
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-3.50% |
7,373,263 112.91%
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6,530,000
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Most Recent Note for NVDA - 6/19/2014 1:00:09 PM
Gapped down today, retreating from its 52-week high. Last noted with caution in the 5/09/14 mid-day report - "Reported earnings +61% on +16% sales revenues for the Apr '14 quarter, but fundamental concerns remain. Prior quarterly and annual earnings (C and A criteria) history has not been a match with the fact-based investment system's guidelines."
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OILT
- NYSE - ENERGY - Oil & Gas Pipelines
Oiltanking Partners Lp
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$95.10 |
+2.28
2.46%
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$96.90
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$98.21
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-3.17% |
28,986 72.47%
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40,000
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Most Recent Note for OILT - 6/19/2014 1:01:26 PM
Hovering near its 52-week high today, enduring recent distributional pressure. Found support when consolidating above its 50 DMA line. It formed a short 4-week "square box" base however it is a late stage and riskier base pattern. Prior mid-day reports repeatedly cautioned members - "Announced a new CEO on 3/04/14. Completed a new Public Offering on 11/19/13 and found support near its 50 DMA line. Reported earnings +31% on +49% sales revenues for the Mar '14 quarter, its 4th consecutive quarter above the +25% minimum earnings guideline (C criteria)."
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PAGP
- NYSE - Oil&Gas-Transprt/Pipelne
Plains GP Hldgs LP Cl A
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$28.97 |
-0.01 -0.02%
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$29.20
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$29.88
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-3.06% |
473,467 72.29%
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655,000
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Most Recent Note for PAGP - 6/19/2014 1:04:26 PM
Perched near its 52-week high, consolidating above its 50 DMA line. Last noted with caution in the 5/08/14 mid-day report - "Earnings history is not a match with the fact-based investment system's guidelines (C and A criteria)."
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RH
- NYSE - RETAIL - Home Furnishing Stores
Restoration Hardware Hld
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$88.15 |
+2.16
2.51%
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$89.08
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$87.95
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0.23% |
1,416,867 131.68%
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1,076,000
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Most Recent Note for RH - 6/19/2014 1:05:37 PM
Hitting yet another new 52-week high after gapping up today, adding to an impressive spurt of volume-driven gains including a considerable "breakaway gap" on 6/12/14. Reported earnings +200% on +22% sales revenues for the Apr '14 quarter, and prior quarterly earnings were above the +25% minimum guideline (C criteria). Following reorganization, trading began on 11/02/12, and its annual earnings (A criteria) growth has been very strong since. Completed a Secondary Offering 7/12/13 and named a new CEO 1/31/14. The Retail - Home Furnishing group has a Group Relative Strength Rating of D with very little leadership (L criteria) in the industry group.
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SE
- NYSE - RETAIL - Grocery Stores
Spectra Energy Corp
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$42.20 |
+0.70
1.69%
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$42.26
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$42.00
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0.48% |
1,942,417 82.03%
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2,368,000
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Most Recent Note for SE - 6/19/2014 1:07:39 PM
Hitting a new 52-week high today, extended from any sound base pattern. Quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's guidelines.
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STZ
- NYSE - FOOD & BEVERAGE - Beverages - Wineries & Distill
Constellation Brands A
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$86.53 |
+0.57
0.66%
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$87.59
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$85.99
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0.63% |
789,472 60.68%
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1,301,000
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Most Recent Note for STZ - 6/19/2014 1:10:13 PM
Hitting a new 52-week high with today's 4th consecutive gain. Rebounded from below its 50 DMA line and price/volume action has been mostly bullish since last noted with caution in the 4/11/14 mid-day report - "Reported +72% earnings on +86% sales revenues for the quarter ended Feb 28, 2014, its 3rd consecutive quarterly comparison with an earnings increase above the +25% minimum guideline (C criteria). Downturn in FY '13 earnings is a flaw concerning the A criteria."
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SWHC
- NASDAQ - CONSUMER DURABLES - Sporting Goods
Smith & Wesson Hldg Corp
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$17.03 |
+0.20
1.16%
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$17.25
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$17.28
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-1.48% |
769,752 62.28%
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1,236,000
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Most Recent Note for SWHC - 6/19/2014 1:11:50 PM
Consolidating near its 52-week high today and staying well above its 50 DMA line in recent months. Reported earnings +35% on +7% sales for the Jan '14 quarter. Made gradual progress since last noted with caution in the 5/20/14 mid-day report - "Sequential quarterly comparisons have shown worrisome deceleration in its sales revenues and earnings increases. Downturn in FY '11 earnings is a flaw concerning the A criteria. Went through a deep consolidation below its 50 DMA line then rebounded since noted in the 8/07/13 mid-day report with caution."
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TARO
- NYSE - DRUGS - Drug Manufacturers - Other
Taro Pharmaceutical Inds
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$110.95 |
+1.08
0.98%
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$112.52
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$122.51
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-9.44% |
49,659 97.37%
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51,000
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Most Recent Note for TARO - 6/19/2014 1:16:05 PM
Consolidating above its 50 DMA line and perched -9.4% off its 52-week high, enduring distributional pressure in recent weeks and still facing some resistance due to overhead supply. Patient and disciplined investors may watch for a proper base to possibly develop and be noted in the weeks ahead. Reported earnings +86% on +13% sales revenues for the Mar '14 quarter, a 3rd consecutive quarterly comparison above the +25% minimum guideline (C criteria). The Israel-based Medical - Generic Drugs has seen the number of top-rated funds owning its shares rise from 2 in Mar '12 to 46 as of Mar '14, a reassuring sign concerning the I criteria.
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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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