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MIDDAY BREAKOUTS REPORT - TUESDAY, JULY 20TH, 2010
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DOW 10091.01 -63.42 (-0.62%) | NASDAQ 2184.4 -13.83 (-0.63%) | S&P 500 1064.6 -6.65 (-0.62%)
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Time of Screening :
7/20/2010 12:15:54 PM Report Released :
7/20/2010 1:05:50 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 |
AMT
- NYSE - TELECOMMUNICATIONS - Diversified Communication Serv
American Tower Reit
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$46.23 |
+2.10
4.76%
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$46.50
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$47.21
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-2.08% |
4,369,273 96.94%
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4,507,200
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Most Recent Note for AMT - 7/20/2010 12:26:14 PM
Considerable gain today after gapping up, rising within -2% of its 52-week high today with above average volume following its quiet consolidation after rallying to new multi-year highs above $46 earlier in July. Lack of leadership (L criteria) in the Telecom Services - Wireless group is a concern. Quarterly sales revenues increases have steadily been in the +7-11% range, not especially strong or accelerating impressively, yet its annual and quarterly earnings history has been strong.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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BMA
- NYSE - BANKING - Foreign Regional Banks
Banco Macro Sa Ads
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$33.80 |
+0.20
0.60%
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$33.80
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$33.91
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-0.32% |
51,916 63.78%
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81,400
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Most Recent Note for BMA - 7/20/2010 12:32:36 PM
This Argentina-based bank wedged upward recently and touched a new 52-week high today. Quarterly earnings in the 2 latest comparisons showed improvement. However, as we have noted on several other foreign banks appearing in recent mid-day reports, the lack of sales revenues growth is a concern.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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CRVL
- NASDAQ - Comml Svcs-Healthcare
Corvel Corp
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$36.32 |
-0.60 -1.63%
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$37.18
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$38.00
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-4.42% |
21,164 70.78%
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29,900
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Most Recent Note for CRVL - 7/20/2010 12:38:31 PM
Building a long flat base within close striking range of stubborn resistance in the $38 area. Recent quarterly comparisons show strong earnings increases above the +25% guideline (C criteria) and sales revenues accelerating gradually from +4-14%, below growth guidelines. Its annual earnings (A criteria) history has been up and down.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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EMC
- NYSE - COMPUTER HARDWARE - Data Storage Devices
E M C Corp
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$19.89 |
-0.57 -2.79%
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$20.19
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$20.65
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-3.68% |
21,617,571 82.34%
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26,252,600
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Most Recent Note for EMC - 7/20/2010 12:50:22 PM
Encountering distributional pressure and slumping below its April chart highs today after rallying to a new 52-week high last week with volume-driven gains. Today marks its 4th mid-day report appearance of July and as previously noted - "Its annual earnings (A criteria) history and quarterly earnings and sales revenues increases have been below the fact-based investment system guidelines, yet improved in the latest quarter. Large supply of 2.055 billion shares outstanding makes this goliath Computer - Data Storage firm an unlikely sprinter."
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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EPB
- NYSE - ENERGY - Oil &; Gas Pipelines
El Paso Pipeline Partner
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$30.46 |
+0.42
1.40%
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$30.50
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$30.77
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-1.01% |
337,073 63.11%
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534,100
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Most Recent Note for EPB - 7/20/2010 12:52:55 PM
Approaching its 52-week high today with its 12th consecutive gain. Held its ground above its 50 DMA line since gapping down on 6/18/10 following news of another Proposed Public Offering. Noted in several mid-day reports - "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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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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$16.73 |
+0.63
3.91%
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$16.73
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$17.06
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-1.93% |
229,980 88.83%
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258,900
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Most Recent Note for IGTE - 7/20/2010 12:55:18 PM
Hit a new 52-week high today. Held its ground in a tight range since its strong close on 7/14/10 capped a streak of 6 consecutive gains on ever-increasing volume. It had not formed a sound base pattern in recent weeks, yet it found support near its 50 DMA line after distributional pressure briefly pushed it below that important short-term average. It reported strong earnings results for the quarter ended June 30, 2010. Recent quarters show accelerating sales revenues and earnings increases, but a downturn in FY '09 earnings hurt its annual earnings (A criteria) track record.
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SEC |
News |
Chart | C
A N
S L
I M
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MMP
- NYSE - ENERGY - Oil & Gas Pipelines
Magellan Midstream Ptnrs
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$48.85 |
+0.51
1.04%
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$48.88
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$48.97
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-0.26% |
276,594 62.32%
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443,800
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Most Recent Note for MMP - 7/20/2010 12:55:38 PM
Hovering near its 52-week high today following a small gap down on 7/14/10 after a Public Offering. Noted in recent mid-day reports - "The 2 latest quarterly comparisons show greatly improved sales revenues and earnings versus the year ago period. Concerns are raised by the up and down annual earnings (A criteria) history for this Master Limited Partnership in the Oil and Gas - Transportation/Pipeline industry."
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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XLNX
- NASDAQ - ELECTRONICS - Semiconductor - Specialized
Xilinx Inc
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$27.95 |
-0.76 -2.65%
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$28.06
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$29.12
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-4.02% |
5,521,538 62.15%
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8,883,700
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Most Recent Note for XLNX - 7/20/2010 1:05:21 PM
Quietly consolidating only -4% off its 52-week high today, its prior highs in the $27-28 area define a chart support level. This well-know tech firm from the Semiconductor industry group was noted on 7/16/10 in the mid-day report - "It has seen improvement in sales revenues and earnings in the most recent quarterly comparisons, however its annual earnings (A criteria) and prior results have not been strong and steady. XLNX has a large supply of 273.9 million shares outstanding. This week's gains to new 52-week high territory lacked great volume conviction while leadership (L criteria) in the group has helped may stocks reach new 52-week highs."
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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.
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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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