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 MIDDAY BREAKOUTS REPORT - FRIDAY, JULY 22ND, 2011
Previous Mid Day Report Next Mid Day Report >>>
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DOW 12690.16 -34.25 (-0.27%) | NASDAQ 2859.77 25.34 (0.89%) | S&P 500 1344.84 1.04 (0.08%)
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Time of Screening :
7/22/2011 12:08:47 PM Report Released :
7/22/2011 2:10:20 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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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 |
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Max Buy |
ATHN
- NASDAQ
Athenahealth Inc
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$57.30
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+8.72
17.95%
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$60.29
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2,439,306
728.15% of 50 DAV
50 DAV is 335,000
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$60.29
-4.96%
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7/22/2011 |
$57.30
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PP = $50.66
MB = $53.19 |
Most Recent Note - 7/22/2011 12:28:36 PM
Y - Reported earnings +83% on +33% sales revenues for the quarter ended June 30, 2011 versus the year ago period. The C criteria is satisfied by the past 4 quarterly comparisons showing solid sales and earnings increases above the +25% guideline. Its considerable "breakaway gap" up today for a new all-time high helped it blast above previously noted resistance in the $50 area. It rallied above its 50 and 200 DMA lines with considerable volume-driven gains in recent weeks during its long base pattern. Disciplined investors are careful to not chase extended stocks, however a breakaway gap is one noted exception to the regular guidelines for buying stocks no more than 5% above a prior high or pivot point. Always limit losses if a stock falls -7% from your buy price.
There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below
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CMG
- NYSE
Chipotle Mexican Grill
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$333.45
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+5.23
1.59%
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$334.37
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475,716
58.64% of 50 DAV
50 DAV is 811,200
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$334.37
-0.28%
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4/1/2011 |
$274.00
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PP = $275.10
MB = $288.86 |
Most Recent Note - 7/22/2011 12:55:26 PM
G - Churned above average volume while hovering at all-time highs this week. Reported earnings per share +12% on +22% sales revenues for the quarter ended June 30, 2011 versus the year ago period. Fundamentals have raised concern with its 2nd consecutive quarterly comparison with earnings below the +25% guideline. It is also extended from any sound base pattern.
>>> The latest Featured Stock Update with an annotated graph appeared on 7/8/2011. Click here.
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PSMT
- NASDAQ
Pricesmart Inc
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$60.04
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+0.19
0.32%
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$60.51
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132,003
58.13% of 50 DAV
50 DAV is 227,100
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$61.04
-1.64%
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7/22/2011 |
$60.04
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PP = $61.14
MB = $64.20 |
Most Recent Note - 7/22/2011 2:07:00 PM
Y - Volume totals have been cooling in recent weeks while staying confined to a tight range near its 52-week high, stubbornly holding its ground after an impressive spurt of volume-driven gains. It has the look of an advanced "3-weeks tight" type pattern, and its color code is changed to yellow with pivot point cited based on its 52-week high plus 10 cents. Volume-driven gains above its pivot point may trigger a new (or add-on) technical buy signal. Bullish action has continued since noted in the 6/27/11 mid-day report after rising from a 7-week base-on-base type pattern with no resistance due to overhead supply. The high-ranked Retail firm found support above its 50 DMA line and prior highs in the $40 area during prior consolidations. Recent quarterly comparisons show earnings increases above the +25% guideline versus the year earlier and slow sequential acceleration in its sales revenues increases.
There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
ASGN
- NYSE - Comml Svcs-Staffing
ASGN Incorporated
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$11.11 |
+0.45
4.22%
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$11.25
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$11.67
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-4.80% |
242,248
137.10%
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176,700
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Most Recent Note for ASGN - 7/22/2011 12:13:00 PM
Up today for 2nd consecutive volume-driven gain, rising from below its 50 DMA line to within close striking distance of its 52-week high. That old high was hit on 4/29/11 as it was noted in the mid-day report - "Recent quarters showed much better sales and earnings increases versus weak earnings or losses for the year earlier period. Prior quarterly comparisons and annual earnings (A criteria) growth have not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system."
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ATRO
- NASDAQ - CONSUMER NON-DURABLES - Packaging & Containers
Astronics Corp Cl A
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$33.55 |
-0.36
-1.06%
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$33.77
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$33.95
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-1.18% |
17,493
68.60%
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25,500
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Most Recent Note for ATRO - 7/22/2011 12:36:51 PM
Volume totals have been drying up since its previously noted streak of 14 gains in the span of 15 sessions, and it is holding its ground stubbornly while recently wedging to new 52-week highs. It is clear of all resistance due to overhead supply, but extended from any sound base pattern. Reported earnings +45% on +17% sales revenues for the quarter ended March 31, 2011, and recent comparisons show encouraging sales revenues acceleration with better than +25% earnings increases. Its annual earnings (A criteria) history has been up and down. Sales revenues and earnings history below guidelines.
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AVD
- NYSE - CHEMICALS - Agricultural Chemicals
American Vanguard Corp
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$14.49 |
-0.05
-0.34%
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$14.76
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$14.76
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-1.83% |
151,357
74.49%
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203,200
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Most Recent Note for AVD - 7/22/2011 12:40:53 PM
Making its 2nd consecutive mid-day report appearance at its 52-week high with no resistance remaining due to overhead supply. Stubbornly held its ground and formed a base-on-base type pattern with following its 6/23/11 technical breakout. Prior mid-day reports repeatedly noted - "Recent quarterly comparisons show sales revenues and earnings improving after a streak of negative comparisons after a downturn and loss in FY '09. Erratic earnings history makes it, fundamentally, below the investment system guidelines."
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AZZ
- NYSE - MANUFACTURING - Industrial Equipment & Compone
A Z Z Incorporated
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$52.40 |
+0.94
1.83%
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$52.47
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$53.30
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-1.69% |
74,290
85.69%
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86,700
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Most Recent Note for AZZ - 7/22/2011 12:44:32 PM
Reported earnings +32% on +48% sales revenues for the quarter ended May 31, 2011 versus the year ago period. Prior earnings history is not a good match with the C or A criteria of the fact-based investment system. Holding its ground following a previously noted streak of 8 consecutive gains for new all-time highs, rallying from support at its 200 DMA line. It survived but failed to impress since noted in the 7/15/08 mid-day report.
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BWLD
- NASDAQ - LEISURE - Restaurants
Buffalo Wild Wings Inc
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$67.40 |
-0.88
-1.29%
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$68.56
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$69.52
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-3.05% |
195,249
61.81%
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315,900
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Most Recent Note for BWLD - 7/22/2011 12:49:11 PM
Quietly perched at its all-time high. A recent streak of volume-driven gains helped it rise from a base-on-base type pattern. Prior mid-day reports noted - "Technically broke out on 4/14/11 from a base-on-base pattern. No overhead supply exists to act as resistance. The company has a strong annual earnings history (A criteria). The C criteria has not been well satisfied by +25% earnings increases in quarterly comparisons. Blue triangles beside the quarterly earnings figure in at least the past 8 comparisons indicate pre-tax, non-recurring items were included (where possible, such items are normally removed to provide data better suited for comparison). The restaurant operator survived but failed to impress as it went through several long and very deep corrections since it was dropped from the CANSLIM.net Featured Stocks List on 8/15/2007."
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CBI
- NYSE - MATERIALS & CONSTRUCTION - General Contractors
Chicago Bridge & Iron Co
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$44.25 |
+1.91
4.51%
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$44.39
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$44.60
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-0.78% |
1,527,936
135.34%
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1,129,000
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Most Recent Note for CBI - 7/22/2011 12:53:16 PM
Gapped up today for a new 52-week high, making its 2nd consecutive mid-day report appearance. Reported earnings +32% on +19% sales revenues for the quarter ended June 30, 2011 versus the year ago period. It found support near its 200 DMA line during its consolidation since noted in the 4/27/11 mid-day report - "Sales revenues and earnings history are below the investment system's guidelines."
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CPHD
- NASDAQ - ELECTRONICS - Scientific & Technical Instrum
Cepheid
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$38.98 |
+7.35
23.24%
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$39.00
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$39.00
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-0.05% |
2,057,932
467.71%
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440,000
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Most Recent Note for CPHD - 7/22/2011 1:09:50 PM
Considerable gap up from below its 50 DMA line today for a new 52-week high. Technically broke out on 6/21/11 from an orderly base pattern above 50 DMA line then endured distributional pressure in recent weeks while negating breakout and slumping below short-term average. Reported earnings +120% on +35% sales revenues for the quarter ended June 30, 2011 versus the year ago period. Accelerating sales revenues growth and great earnings improvement in recent quarterly comparisons following years of operating losses (not strong for the A criteria).
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CROX
- NASDAQ - CONSUMER NON-DURABLES - Textile - Apparel Footwear
Crocs Inc
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$28.08 |
+1.16
4.31%
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$28.33
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$28.33
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-0.88% |
1,638,152
78.28%
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2,092,800
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Most Recent Note for CROX - 7/22/2011 1:17:12 PM
Gapped up and hit another new 52-week high today, getting more extended from prior highs in the $19 area and far from any sound base pattern. Several apparel-related stocks have shown recent leadership (L criteria). Overhead supply has been no factor in hindering its progress since the 6/21/11 mid-day report noted - "It has returned to profitability in recent quarters and is an interesting turn around story, however its sales and earnings history fall below the fact-based system's guidelines after losses in FY '08 and '09. Based on technical deterioration it was dropped from the Featured Stocks list on 11/7/07 when still above $40. It has rebounded significantly from ultimate lows below $1.00 which it hit shortly after it was last reviewed in the FSU section of the After Market Update under the headline 'Gaps Down With Heavy Volume Are A Classic Sign of Institutional Selling'. A review of the old analysis is recommended."
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CSH
- NYSE - SPECIALTY RETAIL - Specialty Retail, Other
Cash America Intl Inc
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$58.42 |
-1.32
-2.21%
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$60.00
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$60.27
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-3.07% |
170,070
60.31%
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282,000
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Most Recent Note for CSH - 7/22/2011 1:20:06 PM
Rallied to hit a new all-time high on the prior session. It is extended from any sound base. Reported earnings +28% on +14% sales revenues for the quarter ended June 30, 2011 versus the year ago period. Earnings increases have been strong on an annual basis (A criteria), however quarterly comparisons through Mar '11 had sales revenues and earnings increases below the fact-based investment system's guidelines.
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DTLK
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Datalink Corporation
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$9.29 |
+0.36
4.03%
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$9.32
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$9.73
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-4.52% |
346,544
257.27%
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134,700
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Most Recent Note for DTLK - 7/22/2011 1:22:02 PM
Holding its ground today following its considerable "breakaway gap" for a new 52-week high on the prior session after reporting earnings +217% on +26% sales revenues for the quarter ended June 30, 2011 versus the year ago period. Its annual earnings (A criteria) growth has not been strong and steady, with a downturn in FY '09 earnings a flaw making it fundamentally below guidelines of the fact-based investment system.
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FRD
- AMEX - METALS & MINING - Steel & Iron
Friedman Inds Inc
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$12.15 |
+0.04
0.33%
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$12.26
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$12.37
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-1.78% |
15,954
61.84%
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25,800
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Most Recent Note for FRD - 7/22/2011 1:24:58 PM
Holding its ground today at its 52-week high, steadily inching higher for its 9th gain in the span of 10 sessions. On 6/28/11 a "breakaway gap" followed strong results for the quarter ended March 31, 2011. Prior mid-day reports noted - "Recent quarters show big sales and earnings increases but its prior earnings history has been erratic (downturn in FY '10) and below the fact-based system's guidelines."
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GDI
- NYSE - Machinery-Gen Industrial
Gardner Denver Holdings
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$89.75 |
+3.98
4.64%
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$90.10
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$90.79
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-1.15% |
751,553
200.95%
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374,000
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Most Recent Note for GDI - 7/22/2011 1:35:43 PM
Gapped up today for a new all-time high, rising from a saucer-with-handle base pattern. Volume-driven gain follow the report of earnings +85% on +36% sales revenues for the quarter ended June 30, 2011 versus the year ago period. The C criteria is satisfied after its 5 latest quarterly earnings improved above the +25% guideline, and sales revenues increases have shown impressive acceleration. The downturn in its FY '09 earnings history is a flaw concerning the A criteria of the fact-based system.
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ISRG
- NASDAQ - HEALTH SERVICES - Medical Appliances & Equipment
Intuitive Surgical Inc
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$405.37 |
-8.37
-2.02%
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$409.45
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$415.19
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-2.37% |
535,691
179.94%
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297,700
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Most Recent Note for ISRG - 7/22/2011 1:39:16 PM
A considerable "breakaway gap" on 7/20/11 and 3 consecutive volume-driven gains helped it reach new all-time highs this week, quickly getting extended from prior highs. Reported earnings +33% on +21% sales revenues for the quarter ended June 30, 2011 versus the year ago period, improving from slightly sub par increases of +22% earnings on +18% sales revenues for the Mar '11 quarter. Small supply (S criteria) of only 39.3 million shares can lead to greater volatility. Based on weak action it was dropped from the Featured Stocks list on 5/07/10 and went through a long deep consolidation before rebounding impressively.
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KEG
- NYSE - ENERGY - Oil & Gas Drilling & Explorati
Key Energy Services Inc
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$20.13 |
+0.28
1.39%
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$19.99
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$20.30
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-0.86% |
1,935,324
69.04%
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2,803,000
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Most Recent Note for KEG - 7/22/2011 1:41:52 PM
Steadily inching to new 52-week highs, adding to volume-driven gains in recent weeks, unhindered by overhead supply. It found support near its 50 DMA during its consolidation since noted in the 5/03/11 mid-day report -"Pulling back following a considerable breakaway gap on 4/29/11. Earnings history has been erratic and below guidelines."
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KSU
- NYSE - TRANSPORTATION - Railroads
Kansas City Southern
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$61.02 |
-0.35
-0.57%
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$61.47
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$62.78
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-2.80% |
560,817
60.20%
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931,600
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Most Recent Note for KSU - 7/22/2011 1:43:55 PM
Found support near its 50 DMA line this week and rallied back near its 52-week and all-time highs with volume-driven gains. Reported earnings +29% on +16% sales revenues for the quarter ended June 30, 2011 versus the year ago period. Its annual earnings history (A criteria) included a drastic downturn in FY '09.
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MYRG
- NASDAQ - MATERIALS &; CONSTRUCTION - Heavy Construction
M Y R Group Inc
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$26.17 |
+0.02
0.08%
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$26.26
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$26.54
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-1.39% |
84,058
61.81%
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136,000
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Most Recent Note for MYRG - 7/22/2011 1:45:34 PM
Perched within close striking distance of it 52-week high today after a streak of 8 consecutive gains. Noted in 2 prior mid-day reports this week - "Earnings and sales revenues growth history is below the guidelines of the fact-based system."
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NCR
- NYSE - COMPUTER SOFTWARE & SERVICES - Information Technology Service
N C R Corp
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$20.45 |
+1.05
5.41%
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$20.44
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$20.62
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-0.82% |
1,821,578
128.92%
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1,413,000
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Most Recent Note for NCR - 7/22/2011 1:51:18 PM
Gapped up today, rallying from a orderly flat base formed over the past 5 months. Reported earnings +31% on +12% sales for the quarter ended June 30, 2011 versus the year ago period. Earnings history is not a good match with the C or A criteria of the fact-based investment system. It survived but failed to impress since noted on 7/26/07 mid day report - "The C criteria and sales history is below guidelines. Current earnings per share should be up 25% or more and in many cases accelerating in recent quarters. Quarterly sales should also be up 25% or more or accelerating over prior quarters."
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TCBI
- NASDAQ - BANKING - Regional - Southwest Banks
Texas Capital Bancshares
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$28.93 |
-0.04
-0.14%
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$29.20
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$29.48
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-1.87% |
133,216
75.95%
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175,400
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Most Recent Note for TCBI - 7/22/2011 2:10:04 PM
Holding its ground today following a "breakaway gap" for a considerable volume-driven gain and a new 52-week high on the prior session. Technically, it broke out from a previously noted orderly 14-week saucer shaped base. Reported earnings +100% on +10% sales revenues for the quarter ended June 30, 2011. Prior mid-day reports noted - "Reported earnings +48% on +9% sales revenues for the quarter ended March 31, 2011 versus the year ago period. Recent quarters showed better sales and earnings increases versus the year earlier. Prior quarterly comparisons and annual earnings (A criteria) growth have not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system. It survived but failed to impress since last noted in the 2/07/05 mid-day report."
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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
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