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MIDDAY BREAKOUTS REPORT - TUESDAY, JULY 26TH, 2011
Previous Mid Day Report Next Mid Day Report >>>
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DOW 12526.54 -66.26 (-0.53%) | NASDAQ 2843.03 0.23 (0.01%) | S&P 500 1334.82 -2.61 (-0.20%)
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Time of Screening :
7/26/2011 12:11:32 PM Report Released :
7/26/2011 1:33:38 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 |
ATHN
- NASDAQ
Athenahealth Inc
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$57.93
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-0.45 -0.77%
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$59.49
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442,253 100.65% of 50 DAV
50 DAV is 439,400
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$60.29 -3.91%
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7/22/2011 |
$57.30
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PP = $50.66 MB = $53.19 |
Most Recent Note - 7/26/2011 12:24:59 PM
G - Holding its ground stubbornly at all-time highs since highlighted in yellow in the 7/22/11 mid-day report (read here), a session marked by 11 times average volume as its considerable "breakaway gap" cleared previously noted resistance in the $50 area. 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. It rallied above its 50 and 200 DMA lines with considerable volume-driven gains in recent weeks during its long base pattern. Color code is changed to green. 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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BIDU
- NASDAQ
Baidu Inc Ads
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$164.32
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+7.78
4.97%
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$165.96
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10,681,777 118.44% of 50 DAV
50 DAV is 9,018,700
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$165.96 -0.99%
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7/26/2011 |
$164.32
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PP = $156.14 MB = $163.95 |
Most Recent Note - 7/26/2011 12:45:07 PM
Y - Gapped up today and hit a new 52-week high, rising from a 14-week cup shaped base without a handle. No resistance remains due to overhead supply, however, after its small breakaway gap. Color code is changed to yellow with pivot point cited based on its 4/28/11 high plus 10 cents. After this high-ranked Internet - Content firm was dropped from the Featured Stocks list on 5/13/11 it subsequently fell from $131 to $114 and tested support at its long-term 200 DMA line before rebounding impressively. It has maintained a track record of strong quarterly sales revenues and earnings increases.
>>> The latest Featured Stock Update with an annotated graph appeared on 5/9/2011. Click here.
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IPCM
- NASDAQ
I P C The Hospitalist Co
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$51.35
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+0.03
0.06%
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$51.36
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84,970 98.23% of 50 DAV
50 DAV is 86,500
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$52.25 -1.72%
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7/25/2011 |
$51.40
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PP = $52.35 MB = $54.97 |
Most Recent Note - 7/26/2011 1:17:09 PM
Y - Encountered some distributional pressure while recently churning near its all-time high. Due to report earnings after the close on Thursday, July 28th. Formed an orderly saucer shaped base. In the 7/25/11 mid-day report its color code was changed to yellow with pivot point cited based on its 52-week high plus 10 cents. Small supply (S criteria) of only 16.4 million outstanding shares can contribute to greater volatility. See the latest FSU analysis for more details and an annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 7/25/2011. Click here.
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Symbol - Exchange - Industry Group Company Name |
Last |
Chg |
Day High |
52 WK Hi |
% From Hi |
Volume % DAV |
DAV |
AAPL
- NASDAQ - COMPUTER HARDWARE - Personal Computers
Apple Inc
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$403.33 |
+4.83
1.21%
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$404.23
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$404.23
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-0.22% |
9,634,805 62.55%
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15,403,400
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Most Recent Note for AAPL - 7/26/2011 12:15:15 PM
Hit yet another new all-time high today, extended from any sound base. Steadily rallying after reporting very strong earnings +122% on +82% sales revenues for the quarter ended June 30, 2011 versus the year ago period. With the second largest market cap of all publicly traded firms, AAPL does not fit the mold of a small growth firm unknown by the institutional crowd. It has a stellar earnings track record that solidly satisfies the C and A criteria. After its last appearance on 8/09/10 in the Featured Stock Update section (with detailed notes and an annotated graph) it was noted in multiple mid-day reports through 2010 as it rallied to new all-time highs, and it was also noted a handful of times earlier this year.
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AME
- NYSE - MANUFACTURING - Industrial Electrical Equipmen
Ametek Inc
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$45.48 |
+0.37
0.82%
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$45.77
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$47.00
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-3.23% |
462,410 68.89%
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671,200
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Most Recent Note for AME - 7/26/2011 12:18:37 PM
Consolidating near its 52-week and multi-year highs. Found support well above its 200 DMA line during its consolidation since last noted in the 5/10/11 mid-day report - "The 3 most recent quarterly earnings increases were above the +25% guideline, but prior comparisons versus the year ago periods were negative. Based on weak technical action it was dropped from the Featured Stocks list on 9/04/08, then subsequently slumped from $44 to $24 before rebounding. Downturn in FY '09 earnings (A criteria) makes it fall below guidelines."
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AZZ
- NYSE - MANUFACTURING - Industrial Equipment & Compone
A Z Z Incorporated
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$52.00 |
-0.10 -0.19%
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$52.38
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$53.30
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-2.44% |
59,637 65.82%
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90,600
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Most Recent Note for AZZ - 7/26/2011 12:26:40 PM
Holding its ground and churning above average volume during its consolidation following a previously noted streak of 8 consecutive gains for new all-time highs. 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. It survived but failed to impress since noted in the 7/15/08 mid-day report.
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BEAV
- NASDAQ - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services
B/E Aerospace Inc
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$41.32 |
-0.79 -1.88%
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$42.85
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$42.85
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-3.57% |
537,050 67.60%
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794,500
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Most Recent Note for BEAV - 7/26/2011 12:29:46 PM
Churning above average volume this week without making meaningful price progress above prior highs, action which indicates it is enduring mild distributional pressure. After rallying above resistance in the $39-40 area those prior highs acted as support in recent weeks. Prior mid-day reports noted - "Recent quarterly comparisons showed sales revenues and earnings increases sequentially accelerating, but a downturn in FY '09 earnings is a flaw with respect to the A criteria of the investment system."
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CPHD
- NASDAQ - ELECTRONICS - Scientific & Technical Instrum
Cepheid
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$39.80 |
+0.33
0.84%
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$40.24
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$40.98
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-2.88% |
367,995 64.55%
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570,100
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Most Recent Note for CPHD - 7/26/2011 12:46:01 PM
Holding its ground since its considerable gap up on 7/22/11 from below its 50 DMA line 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 the 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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CYOU
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Multimedia &; Graphics Software
Changyou.com Ltd Ads
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$51.10 |
+1.90
3.86%
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$51.43
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$51.43
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-0.64% |
455,559 164.64%
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276,700
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Most Recent Note for CYOU - 7/26/2011 12:50:28 PM
Hitting another new 52-week high today, technically breaking out above prior resistance in the $47 area with volume-driven gains. Due to report earnings on August 1st. It rebounded from a slump below its 50 DMA line during its 10-week cup shaped base. Prior mid-day reports noted- "Quarterly earnings improved in the quarter ended March 31, 2011 and showed recent acceleration, but the 4 prior earnings comparisons have been below the +25% guideline. This Chinese provider of free online games quarterly sales revenues improved from $1.6 million in revenues in the quarter ended March 31, 2007 to $97.1 million in the quarter ended Mar 31, 2011."
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EXLS
- NASDAQ - DIVERSIFIED SERVICES - Business/Management Services
Exlservice Holdings Inc
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$23.95 |
+0.11
0.46%
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$24.20
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$24.75
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-3.23% |
57,628 98.34%
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58,600
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Most Recent Note for EXLS - 7/26/2011 12:54:49 PM
Consolidating -3.2% off its 52-week high today with little resistance remaining due to overhead supply. Found support above its 200 DMA line and near prior highs in the $22 area since last noted in the 5/12/11 mid-day report. Recent quarterly comparisons (C criteria) showed mostly impressive sales and earnings increases, including a +38% earnings increase on +34% for the March 2011 period, but results for the quarter ended Dec 31, 2010 were below guidelines. A downturn in its FY '08 earnings was also previously noted as a flaw with respect to the A criteria of the fact-based investment system.
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FRD
- AMEX - METALS & MINING - Steel & Iron
Friedman Inds Inc
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$12.70 |
+0.25
2.01%
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$12.95
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$12.95
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-1.93% |
28,328 101.90%
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27,800
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Most Recent Note for FRD - 7/26/2011 12:56:32 PM
Hit another new 52-week high today, adding to its recent spurt of volume-driven gains. 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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GRA
- NYSE - CHEMICALS - Specialty Chemicals
Grace W R & Co
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$52.11 |
+6.29
13.73%
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$52.50
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$52.50
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-0.74% |
1,924,930 262.29%
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733,900
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Most Recent Note for GRA - 7/26/2011 1:02:48 PM
Considerable gap up gain today for a new 52-week high. Reported earnings +46% on +21% sales revenues (sequential acceleration from +2% and +13% sales increases in Dec '10 and Mar '11) for the quarter ended June 30, 2011 versus the year ago period. Found support near prior highs in the $40 area after violating its 50 DMA line during its consolidation since last noted in the 5/23/11 mid-day report - "Its erratic quarterly and annual sales and earnings history falls short of the investment system's guidelines."
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HP
- NYSE - ENERGY - Oil & Gas Drilling & Explorati
Helmerich & Payne Inc
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$72.53 |
-0.07 -0.10%
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$73.40
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$73.40
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-1.19% |
803,645 61.76%
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1,301,200
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Most Recent Note for HP - 7/26/2011 1:05:45 PM
Inching higher into new 52-week high territory today. Stubbornly holding its ground and rising since last noted in the 7/15/11 mid-day report - "Its 3 latest quarterly earnings increases were above the +25% guideline, but its annual earnings (A criteria) history has been below the investment system guidelines."
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HXL
- NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services
Hexcel Corp
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$24.90 |
+0.88
3.66%
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$25.68
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$25.68
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-3.04% |
1,490,158 187.99%
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792,700
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Most Recent Note for HXL - 7/26/2011 1:09:36 PM
Hit another new 52-week high after gapping up today, getting more extended. Found support near prior resistance in the $22 area while consolidating, and volume-driven gains prompted prior mid-day report appearances when it was noted - "Recent quarterly comparisons show strong earnings increases and sales revenues growth accelerating, but its annual earnings (A criteria) history has been up and down and below the fact-based investment system's guidelines."
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ININ
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Interactive Intelligence
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$40.89 |
+4.21
11.48%
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$40.92
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$40.92
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-0.07% |
319,987 379.13%
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84,400
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Most Recent Note for ININ - 7/26/2011 1:14:00 PM
Found support above its 200 DMA line during its 3-month consolidation, and volume is heavy behind today's 6th consecutive gain. It is spiking near its 52-week and all-time highs hit when last noted in the 4/25/11 mid-day report - "No overhead supply remains to hinder its progress. Recent quarterly comparisons showed sales revenues accelerating from flat or single digit percentages. The downward turn in its FY '08 earnings (bad A criteria) is a concern. Weak technical action prompted its removal from the Featured Stocks list on 1/7/08, shortly after it had been featured in the December 2007 issue of CANSLIM.net News (read here).'"
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LAD
- NYSE - SPECIALTY RETAIL - Auto Dealerships
Lithia Motors Inc Cl A
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$21.65 |
-0.52 -2.35%
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$22.17
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$22.23
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-2.61% |
161,234 80.18%
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201,100
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Most Recent Note for LAD - 7/26/2011 1:19:04 PM
Inching to a new 52-week highs and stubbornly holding its ground since noted in the 6/24/11 mid-day report when rising from an orderly flat base-on-base pattern above its 50 DMA line - "Sales revenues and earnings showed improvement in recent quarterly comparisons, but its prior earnings history (A criteria) has not been strong and steady."
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SCSC
- NASDAQ - WHOLESALE - Computers Wholesale
Scansource Inc
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$38.55 |
-0.79 -2.01%
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$39.41
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$40.00
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-3.63% |
72,502 71.57%
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101,300
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Most Recent Note for SCSC - 7/26/2011 1:26:15 PM
No resistance remains due to overhead supply. Recently wedged up to challenge its 52-week and all-time highs with a spurt of gains mostly lacking great volume conviction. Recent quarterly comparisons show strong sales revenues and earnings increases (good C criteria) but a downturn in FY '09 earnings is a flaw with respect to the A criteria of the investment system.
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SQM
- NYSE - CHEMICALS - Synthetics
Sociedad Quimica Y Minra
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$65.23 |
-1.20 -1.81%
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$66.40
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$67.75
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-3.72% |
334,455 57.77%
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578,900
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Most Recent Note for SQM - 7/26/2011 1:29:36 PM
It has stubbornly held its ground and made gradual upward progress since rising above its 2008 all-time ($59.45) high. The Chile-based firm found support near its 50 DMA line again since last noted in the 6/15/11 mid-day report - "This high-ranked leader in the strong Chemicals - Agricultural group's earnings history (C and A criteria) has been erratic in recent years and below the guidelines."
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TMH
- NYSE - HEALTH SERVICES -Healthcare Information Service
Team Health Hldgs Inc
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$23.66 |
-0.09 -0.38%
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$23.88
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$24.13
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-1.95% |
141,249 58.93%
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239,700
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Most Recent Note for TMH - 7/26/2011 1:30:51 PM
Perched near its 52-week high today after stubbornly holding its ground in recent weeks near prior highs in the $23 area. It had slumped under its 50 DMA line during its consolidation since noted in the 5/04/11 mid-day report - "No overhead supply remains to act as resistance. Completed a Secondary Offering on 3/02/11. Earnings increases have been above the +25% guideline in the 3 latest quarterly comparisons but sales revenues increases have been in the +6-13% range."
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TNH
- NYSE - CHEMICALS - Agricultural Chemicals
Terra Nitrogen Co Lp
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$161.00 |
+0.96
0.60%
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$163.54
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$163.54
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-1.55% |
45,746 83.48%
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54,800
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Most Recent Note for TNH - 7/26/2011 1:31:42 PM
Hit yet another new 52-week high today, adding to its recent spurt of volume-driven gains. It held its ground at its 50 DMA line after a bout of distributional pressure in June. Recent quarterly comparisons through Mar '11 showed impressive sales revenues acceleration and strong earnings increases versus the year-ago period, but its up and down annual earnings (questionable A) history remains a fundamental concern. There is a small supply of only 4.26 million shares in its float, which can contribute to greater price volatility in the event of institutional buying or selling.
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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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