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MIDDAY BREAKOUTS REPORT - THURSDAY, JULY 8TH, 2010
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DOW 10040.87 22.59 (0.23%) | NASDAQ 2153.19 -6.28 (-0.29%) | S&P 500 1063.4 3.13 (0.30%)
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Time of Screening :
7/8/2010 12:23:24 PM Report Released :
7/8/2010 1:19:02 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 |
Max Buy |
ROVI
- NASDAQ
Rovi Corp
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$41.30
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-0.01 -0.02%
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$42.66
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1,080,970 76.41% of 50 DAV
50 DAV is 1,414,700
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$42.66 -3.19%
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6/3/2010 |
$38.70
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PP = $40.16 MB = $42.17 |
Most Recent Note - 7/8/2010 12:50:54 PM
Y - Hit another new 52-week high today with its 3rd consecutive gain backed by above average volume. A solid gain above its pivot point backed by +67% above average volume triggered a new technical buy signal on 7/07/10, and no overhead supply remains to act as resistance.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/28/2010. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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VIT
-
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$25.20
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+1.12
4.65%
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$26.48
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961,734 145.21% of 50 DAV
50 DAV is 662,300
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$26.48 -4.83%
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7/8/2010 |
$25.20
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PP = $26.58 MB = $27.91 |
Most Recent Note - 7/8/2010 1:17:48 PM
Y - Gapped up today and briefly matched its all-time high. Color code is changed to yellow and it is returning to the Featured Stocks page. Some may consider it a cup-with-handle or a double bottom pattern with a sightly lower pivot point, however the new pivot point now being cited is based upon its 4/26/10 all-time high (which it matched earlier) plus ten cents. Volume should be +50% above average or greater to confirm any technical buy signal. This China-based Computer - Tech Services firm found impressive support near its 200 DMA line and it has rebounded toward its prior highs with gains in recent weeks that lacked great volume conviction. Another concern is that its weekly chart is marked by several down weeks with above average volume, but not a single up week marked by above average volume since April. Based on weak action it was dropped from the Featured Stocks list on 5/19/10.
>>> The latest Featured Stock Update with an annotated graph appeared on 5/6/2010. Click here.
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Company Profile |
SEC |
News |
Chart | C
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 |
BIN
- NYSE - DIVERSIFIED SERVICES - Waste Management
Progressive Waste Soltns
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$20.69 |
+0.24
1.17%
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$20.81
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$22.06
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-6.21% |
313,873 109.59%
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286,400
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Most Recent Note for BIN - 7/8/2010 12:35:16 PM
Pollution Control firm's sales and earnings history are below guidelines of the fact-based investment system. Finding support near its 50 DMA line this week.
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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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$52.95 |
+0.44
0.84%
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$53.16
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$53.16
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-0.40% |
797,938 233.86%
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341,200
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Most Recent Note for CIB - 7/8/2010 12:37:53 PM
Today marks its 6th consecutive gain, rising to new all-time highs with above average and ever-increasing volume following a brief consolidation above prior resistance in the $49 area. Noted in prior mid-day reports - "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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GOLD
- NYSE - METALS & MINING - Gold
Barrick Gold Corporation
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$93.88 |
-1.59 -1.67%
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$96.21
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$99.67
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-5.81% |
808,374 68.88%
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1,173,600
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Most Recent Note for GOLD - 7/8/2010 12:47:38 PM
Consolidating for the past 2 weeks above prior chart highs and its 50 DMA line. Last noted in the 6/23/10 mid-day report - "having cleared the right side of a 6-month base pattern. Sales revenues and earnings increases (C criteria) 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." Leadership in the group (L criteria) has been noted, and disciplined investors might consider another high-ranked leader from the Mining - Gold/Silver/Gems group currently listed on the Featured Stocks page.
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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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$69.21 |
-0.29 -0.41%
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$71.12
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$74.52
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-7.12% |
149,402 87.57%
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170,600
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Most Recent Note for SAM - 7/8/2010 12:55:43 PM
Posting its 3rd consecutive gain today after enduring heavy distributional pressure and finding impressive support at its 50 DMA line once again. This high-ranked Beverages - Alcoholic industry group leader's annual earnings (A criteria) showed a downturn in FY '08 and its sales revenues history has been below the investment system guidelines. The 3 latest comparisons showed earnings increases above the +25% guideline.
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SEC |
News |
Chart | C
A N
S L
I M
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VGR
- NYSE - TOBACCO - Cigarettes
Vector Group Ltd
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$17.68 |
+0.09
0.51%
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$17.75
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$17.75
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-0.39% |
183,516 58.71%
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312,600
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Most Recent Note for VGR - 7/8/2010 12:56:53 PM
Hit another new 52-week high today. Noted in recent mid-day reports - "This Tobacco firm's earnings history is below the fact-based system's guidelines."
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SEC |
News |
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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.
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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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likewise used for identification purposes only.
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