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 MIDDAY BREAKOUTS REPORT - FRIDAY, JULY 23RD, 2010
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DOW 10403.51 81.21 (0.79%) | NASDAQ 2261.49 15.6 (0.69%) | S&P 500 1096.27 2.6 (0.24%)
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Time of Screening :
7/23/2010 12:25:40 PM Report Released :
7/23/2010 1:46:51 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 |
|
Max Buy |
FFIV
- NASDAQ
F 5 Networks Inc
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$84.64
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+1.24
1.49%
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$85.94
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1,522,911
91.86% of 50 DAV
50 DAV is 1,657,900
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$85.95
-1.52%
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6/16/2010 |
$74.50
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PP = $74.10
MB = $77.81 |
Most Recent Note - 7/23/2010 1:01:02 PM
G - Hitting another new 52-week high and getting more extended from a sound base today following a considerable 7/22/10 gap up gain on very heavy volume after reporting strong results for the latest quarter ended June 30, 2010. As we have often noted in the past, volume and volatility increase near earnings news. Be sure to check headlines via the "News" links for greater visibility or contact the companies directly if pending earnings news is not otherwise noted.
>>> The latest Featured Stock Update with an annotated graph appeared on 7/7/2010. Click here.
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Company Profile |
SEC |
News |
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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 |
AZO
- NYSE - RETAIL - Auto Parts Stores
Autozone Inc
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$206.92 |
-0.02
-0.01%
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$207.31
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$208.20
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-0.61% |
494,027
72.58%
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680,700
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Most Recent Note for AZO - 7/23/2010 12:27:41 PM
It recently wedged to new 52-week highs and has been steadily climbing this year. It was noted in several mid-day reports in June that its earnings increases have been near borderline with the minimum guidelines in the past 3 quarters while sales revenues have increased by only +1-10% in the past 4 quarterly comparisons. While consumers are fixing their old cars and holding off on new car purchases, AZO and similar players in the auto-repair arena have shown great leadership and strong relative strength. Guidelines of the investment system, however, call for current earnings per share +25% or more, and acceleration in recent quarters is important. Also, quarterly sales should also be up at least +18%, +25% or more and ideally accelerating over prior quarters.
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SEC |
News |
Chart | C
A N
S L
I M
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BIN
- NYSE - DIVERSIFIED SERVICES - Waste Management
Progressive Waste Soltns
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$22.61 |
-0.30
-1.31%
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$22.93
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$22.99
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-1.65% |
173,176
63.57%
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272,400
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Most Recent Note for BIN - 7/23/2010 12:29:25 PM
Perched at its 52-week high, noted in recent mid-day reports - "Consolidating after a recent streak of gains on above average volume to a new 52-week high following signs of prompt support near its 50 DMA line. This Pollution Control firm's sales and earnings history are below guidelines of the fact-based investment system."
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SEC |
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A N
S L
I M
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BMA
- NYSE - BANKING - Foreign Regional Banks
Banco Macro Sa Ads
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$35.24 |
-0.45
-1.26%
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$35.69
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$36.79
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-4.21% |
76,211
90.73%
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84,000
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Most Recent Note for BMA - 7/23/2010 12:33:48 PM
Argentina-based bank stubbornly holding its ground near its 52-week high after technically breaking out on 7/20/10. Noted in recent mid-day reports - "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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SEC |
News |
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A N
S L
I M
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CPL
- NYSE - UTILITIES - Electric Utilities
C P F L Energia S A Ads
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$69.26 |
+0.09
0.12%
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$69.33
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$70.50
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-1.76% |
95,766
69.80%
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137,200
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Most Recent Note for CPL - 7/23/2010 12:34:46 PM
Perched near its 52-week high, this Brazilian Utility - Electric Power firm has been noted in recent mid-day reports - "Building a base on top of a prior base. Recent quarters show strong sales revenues and earnings per share increases above the +25% guideline but its prior quarterly comparisons were negative and its annual earnings history has not been strong and steady."
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SEC |
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A N
S L
I M
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CRUS
- NASDAQ - ELECTRONICS - Semiconductor - Specialized
Cirrus Logic Inc
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$19.42 |
+0.46
2.43%
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$19.50
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$19.50
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-0.41% |
3,950,595
61.67%
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6,405,800
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Most Recent Note for CRUS - 7/23/2010 12:42:09 PM
With its 5th consecutive gain today it reached another new 52-week high. It has been noted in a dozen mid-day reports this year dating back to 4/28/10 (view all notes). Technically, right now it may be considered as "late stage" and very extended while trading more than +100% above its 200 DMA line, yet it may go on to produce more climactic gains. With its considerable 7/21/10 gap up gain it cleared a choppy 5-week consolidation, however its pullback of greater than -20% in recent weeks was greater than the -10-20% pullback guideline for an advanced "ascending base" pattern. Current sales revenues and earnings increases in the 3 most recent quarterly comparisons versus the year ago period have shown impressive increases and acceleration. Its annual earnings (A criteria) history has not been strong and steady.
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SEC |
News |
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A N
S L
I M
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CRVL
- NASDAQ - Comml Svcs-Healthcare
Corvel Corp
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$39.63 |
+0.48
1.23%
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$39.82
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$39.95
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-0.80% |
17,313
57.90%
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29,900
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Most Recent Note for CRVL - 7/23/2010 12:50:15 PM
Hitting another new 52-week high today after a considerable gain on 7/22/10 with near average volume helped rise above stubborn resistance at $38. Noted in the 7/20/10 mid-day report - "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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A N
S L
I M
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CVU
- AMEX - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services
C P I Aerostructures Inc
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$10.98 |
+0.28
2.62%
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$11.10
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$11.10
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-1.08% |
44,153
192.81%
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22,900
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Most Recent Note for CVU - 7/23/2010 12:54:14 PM
Steadily rising to new 52-week highs, today marks its 6th mid-day report appearance since 7/13/10. Noted in recent mid-day reports - "Hovering at its 52-week high after multiple gains on above average volume helped it recently break out to multi-year highs. Earnings increases have been mostly strong in recent quarterly comparisons and annual earnings have been on the rise since it tallied a loss in FY '06. Quarterly sales revenues in the $9-12 million range are rather minuscule, so this Aerospace/Defense firm has not shown explosive demand for its aircraft parts. This low-priced stock is very thinly traded with an average daily volume near 22,000 shares."
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A N
S L
I M
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EPD
- NYSE - ENERGY - Independent Oil & Gas
Enterprise Products Ptnr
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$38.44 |
-0.26
-0.67%
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$38.65
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$38.97
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-1.36% |
866,997
58.38%
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1,485,100
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Most Recent Note for EPD - 7/23/2010 12:57:06 PM
A loss today might break a streak of 14 consecutive gains. Noted in the 7/19/10 mid-day report - "Annual and quarterly earnings history are below guidelines for this MLP, like several others in the Oil and Gas - Transportation/Pipeline industry group noted in recent mid-day reports."
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A N
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I M
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GSOL
- NASDAQ - INTERNET - Internet Software & Services
Global Sources Limited
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$8.45 |
+0.17
2.05%
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$8.50
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$8.50
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-0.59% |
77,595
63.14%
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122,900
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Most Recent Note for GSOL - 7/23/2010 1:04:26 PM
Hit a new 52-week high after a small gap up today. Quarterly and annual earnings history are below the investment system guidelines for this low-priced stock. The long-term chart deserves some study since this Bermuda-based Retail - Internet firm was noted in the mid-day report on 10/30/07 after - ''Technically breaking out of a 12-week cup shaped base. Strong earnings meet the C criteria, but its annual earnings history has been up and down, and sales revenue growth has shown increases below the +25% guideline.''
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A N
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I M
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IGTE
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Information Technology Service
Igate Corp
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$17.37 |
+0.14
0.81%
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$17.68
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$17.75
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-2.14% |
312,350
113.46%
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275,300
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Most Recent Note for IGTE - 7/23/2010 1:07:58 PM
Hitting another new 52-week high today, extended from any sound base pattern. This marks the 6th mid-day report appearance of July for this high-ranked Fremont, CA-based firm in the Computer -Tech Services industry. It reported strong earnings results for the quarter ended June 30, 2010 and recent quarters show accelerating sales revenues and earnings increases. The downturn in FY '09 earnings hurts its annual earnings (A criteria) track record.
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INFA
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Informatica Corp
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$29.86 |
+2.81
10.39%
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$30.69
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$30.74
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-2.86% |
3,839,930
246.10%
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1,560,300
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Most Recent Note for INFA - 7/23/2010 1:22:41 PM
Today this Redwood City, CA-based Computer Software - Database firm gapped up, and technically its considerable gain is a "breakaway gap" following a choppy 4-month basing period. Fundamentally, it showed more impressive acceleration in its sales revenues and earnings increases for the quarter ended June 30, 2010. Prior quarterly earnings and sales increases have been borderline and below the minimum guidelines leaving fundamental concerns, yet it has maintained a steady annual earnings (A criteria) history.
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A N
S L
I M
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RVBD
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Information & Delivery Service
Riverbed Technology Inc
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$34.67 |
+3.26
10.38%
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$35.37
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$35.37
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-1.98% |
3,461,702
250.65%
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1,381,100
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Most Recent Note for RVBD - 7/23/2010 1:33:45 PM
Considerable gain with heavy volume for a new 52-week high after gapping up today, technically breaking out of a 13-week base after sales and earnings growth showed impressive acceleration for the quarter ended June 30, 2010. The San Francisco, CA-based firm in the Computer-Networking industry may be a strong turn-around story, however a downturn in FY '08 hurts its annual earnings (A criteria) track record.
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SWKS
- NASDAQ - ELECTRONICS - Semiconductor - Integrated Cir
Skyworks Solutions Inc
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$18.74 |
+0.69
3.82%
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$18.99
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$18.99
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-1.32% |
7,854,374
118.11%
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6,650,100
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Most Recent Note for SWKS - 7/23/2010 1:42:42 PM
Hit a new 52-week high today with a 3rd consecutive gain helping it rise from an orderly base above its 50 DMA line. This high-ranked leader in the Semiconductor industry has shown sales revenues and earnings increases accelerating impressively in recent quarters, however, its up and down annual earnings (A criteria) history is a concern with respect to the fact-based investment system's guidelines.
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I M
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WPZ
- NYSE - CHEMICALS - Specialty Chemicals
Williams Partners Lp
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$48.14 |
+0.29
0.61%
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$48.95
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$48.95
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-1.65% |
214,098
61.33%
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349,100
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Most Recent Note for WPZ - 7/23/2010 1:46:20 PM
Hit a new 52-week high today. Like many other MLPs recently noted in mid-day reports, recent quarters showed better earnings increases, however its prior sales and earnings history (fundamentals) are been below guidelines of the fact-based system.
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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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