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MIDDAY BREAKOUTS REPORT - TUESDAY, JUNE 22ND, 2010
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DOW 10441.2 -1.21 (-0.01%) | NASDAQ 2299.32 10.23 (0.45%) | S&P 500 1113.31 0.11 (0.01%)
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Time of Screening :
6/22/2010 12:34:59 PM Report Released :
6/22/2010 12:59:25 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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NONE OF OUR FEATURED STOCKS MET TODAY'S SCREENING CRITERIA FOR VOLUME AND PRICE ACTION.
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Symbol - Exchange - Industry Group Company Name |
Last |
Chg |
Day High |
52 WK Hi |
% From Hi |
Volume % DAV |
DAV |
BIN
- NYSE - DIVERSIFIED SERVICES - Waste Management
Progressive Waste Soltns
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$21.82 |
+0.09
0.41%
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$22.06
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$22.06
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-1.09% |
182,613 62.56%
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291,900
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Most Recent Note for BIN - 6/22/2010 12:36:46 PM
Pollution Control firm's sales and earnings history are below guidelines of the fact-based investment system.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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CIB
- NYSE - BANKING - Foreign Regional Banks
Bancolombia Sa Ads
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$51.53 |
+0.16
0.31%
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$51.95
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$51.96
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-0.83% |
270,194 94.41%
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286,200
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Most Recent Note for CIB - 6/22/2010 12:39:32 PM
Hit a new all-time high today. Multiple gains with above average volume helped it recently rally above resistance in the $49 area. This Colombia-based bank operating company's quarterly and annual earnings history has been erratic, with sales revenues not growing.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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CTRP
- NASDAQ - LEISURE - Resorts & Casinos
Ctrip.com Intl Ltd Adr
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$45.39 |
-0.41 -0.90%
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$46.00
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$47.01
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-3.45% |
1,620,401 71.87%
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2,254,500
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Most Recent Note for CTRP - 6/22/2010 12:42:55 PM
Holding its ground today after a gap up for another new 52-week high was noted in the 6/21/10 mid-day report. Previously noted - "breakout gain on 6/15/10 triggered a technical buy signal. However, 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) while PCLN, EXPE and TZOO are technically in weak shape. 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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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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DISCA
- NASDAQ - MEDIA - Broadcasting - TV
Discovery Com Cl A
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$39.52 |
+0.15
0.38%
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$39.78
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$40.13
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-1.52% |
1,505,170 61.17%
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2,460,700
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Most Recent Note for DISCA - 6/22/2010 12:47:22 PM
Perched near its all-time high today after forming an orderly 8-week base. It found support near its 50 DMA line while basing well above earlier chart highs. Sub-par sales growth and erratic earnings history raise fundamental concerns.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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IGTE
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Information Technology Service
Igate Corp
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$14.35 |
-0.41 -2.78%
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$15.20
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$15.20
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-5.59% |
274,827 113.89%
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241,300
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Most Recent Note for IGTE - 6/22/2010 12:48:35 PM
Hit another new 52-week high today, then reversed into the red. A considerable gain on 6/11/10 with more than 3 times average volume helped it break out following an 8-week consolidation. Noted in prior mid-day reports - "Sales and earnings history are below guidelines of the fact-based system."
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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SAM
- NYSE - FOOD & BEVERAGE - Beverages - Brewers
Boston Beer Company
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$73.43 |
+0.64
0.88%
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$73.71
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$74.52
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-1.46% |
82,538 59.77%
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138,100
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Most Recent Note for SAM - 6/22/2010 12:49:24 PM
Extended from any sound base after steadily rising to new all-time high territory with 20 gains in the past 22 sessions. 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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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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THS
- NYSE - FOOD & BEVERAGE - Processed & Packaged Goods
Treehouse Foods Inc
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$48.61 |
+0.50
1.04%
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$48.66
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$51.05
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-4.78% |
199,587 59.94%
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333,000
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Most Recent Note for THS - 6/22/2010 12:53:18 PM
Holding its ground today after a gap down on 6/21/10, consolidating after a recent streak of gains to all-time highs on heavy volume. Noted in prior mid-day reports - "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 (C and A) history."
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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VRX
- NYSE - DRUGS - Drug Manufacturers - Other
Valeant Pharmaceuticals
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$50.07 |
+3.17
6.76%
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$50.45
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$50.48
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-0.81% |
3,706,723 234.83%
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1,578,500
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Most Recent Note for VRX - 6/22/2010 12:59:04 PM
Touched a new 52-week high today with a second day of heavy volume trading since headlines announced that Biovail and Valeant agreed to a $3.2 Billion merger. Noted in prior mid-day reports - "It has made steady upward progress since noted in early January 2010 after rallying straight up from the bottom of a 7-week base. Quarterly earnings increases (C criteria) have been strong and well above the +25% guideline. A downturn in FY '07 earnings tarnished its earnings track record (A criteria remains a concern)."
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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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,
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are the property of their respective owners, and are
likewise used for identification purposes only.
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