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 MIDDAY BREAKOUTS REPORT - TUESDAY, AUGUST 3RD, 2010
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DOW 10639.41 -34.97 (-0.33%) | NASDAQ 2283.53 -11.83 (-0.52%) | S&P 500 1121.58 -4.28 (-0.38%)
Time of Screening : 8/3/2010 12:18:46 PM         Report Released : 8/3/2010 1:25:00 PM
Price is: Above 52W High and Less Than 52W High but within 5% of the 52 Week High
Volume Is: At least 75% of 50 Day Average at the time of the screening.
More details about this report...

To View Current Notes and Data on currently Featured Stocks go to the latest
Featured Stocks Page


NONE OF OUR FEATURED STOCKS MET TODAY'S SCREENING CRITERIA FOR VOLUME AND PRICE ACTION.


Symbol - Exchange - Industry Group
Company Name
Last Chg Day
High
52 WK Hi % From Hi Volume
% DAV
DAV
BMA - NYSE - BANKING - Foreign Regional Banks
Banco Macro Sa Ads
$39.03 -0.27
-0.69%
$40.05 $40.27 -3.08% 74,434
82.25%
90,500
Most Recent Note for BMA - 8/3/2010 12:22:14 PM
Argentina-based bank is holding its ground at its 52-week high today after another solid gain on heavy volume. It technically broke out on 7/20/10 and was 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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CNI - NYSE - TRANSPORTATION - Railroads
Canadian Natl Ry Co
$65.44 +0.81
1.25%
$65.66 $65.66 -0.34% 1,144,083
88.63%
1,290,900
Most Recent Note for CNI - 8/3/2010 12:28:34 PM
Recent quarters showed improving sales and earnings after a streak of negative comparisons. Quarterly and annual earnings history was not strong and steady. Last noted on 7/22/06, this Canadian railroad operator was dropped from the CANSLIM.net Featured Stocks list on 7/21/2006.
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
CTSH - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Cognizant Tech Sol Cl A
$60.28 +4.86
8.76%
$63.91 $63.94 -5.73% 6,963,961
188.61%
3,692,300
Most Recent Note for CTSH - 8/3/2010 12:34:34 PM
Gapped up today for a new all-time high following news it grew sales revenues by +42% with earnings per share up just +18% in the quarter ended June 30, 2010. Last noted in the mid-day report on 7/13/10 - "Edging to within 12 cents of its all-time high today. It has formed a flat base since blasting to its high in April. Sales revenues have shown acceleration, as the quarter ended March 31, 2010 showed better than +25% increases. Prior mid-day reports noted its quarterly sales revenues and earnings increases - 'below or borderline with the investment system's minimum guidelines.' Increasing top-rated institutional ownership (I criteria) is a reassuring sign, yet it is already well-known by the institutional crowd. Annual earnings (A criteria) growth has been strong. On 4/11/07 this stock was dropped from the CANSLIM.net Featured Stocks list and it subsequently fell from $40+ to $14 before rebounding impressively."
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CVU - AMEX - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services
C P I Aerostructures Inc
$10.96 -0.03
-0.23%
$11.00 $11.12 -1.48% 33,525
145.13%
23,100
Most Recent Note for CVU - 8/3/2010 12:36:58 PM
Encountering mild distributional pressure today after steadily rising to new 52-week highs. Noted in several 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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EC - NYSE - ENERGY - Independent Oil & Gas
Ecopetrol Sa Adr
$35.09 +0.60
1.74%
$35.10 $35.10 -0.03% 101,802
83.93%
121,300
Most Recent Note for EC - 8/3/2010 12:39:02 PM
Hit another new all-time high today, very extended from a sound base after clearing resistance at the $30 level. Columbian Oil and Gas - Integrated firm reported strong sales and earnings increases for the quarter ended June 30, 2010 versus the year earlier period. Recent quarterly comparisons have shown great improvement, but its prior quarterly and annual earnings history has been below guidelines of the fact-based system.
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ERJ - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services
Embraer Sa Adr
$26.55 -0.44
-1.63%
$26.69 $27.37 -3.00% 921,344
86.64%
1,063,400
Most Recent Note for ERJ - 8/3/2010 12:42:58 PM
Reported sales -13% and earnings -77% for the quarter ended June 30, 2010, and it is pulling back today after a couple of big gains on high volume for new 52-week highs. It finished strong following its 7/30/10 mid-day report appearance when it had risen from a long flat base and it was noted - "Brazilian maker of commercial aircraft has not produced strong steady annual earnings growth (A criteria) and it has reported negative sales revenues growth versus the year-ago period in 7 consecutive quarterly comparisons through March 2010."
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GSIT - NASDAQ - ELECTRONICS - Semiconductor - Broad Line
G S I Technology Inc
$6.99 -0.01
-0.14%
$7.00 $7.08 -1.27% 134,212
86.76%
154,700
Most Recent Note for GSIT - 8/3/2010 12:46:31 PM
This low-priced stock is holding its ground near its 52-week high and all-time high today after 2 consecutive gains with above average volume helped it rally up from its 50 DMA line. No overhead supply exists to act as resistance. Noted in the 2 previous mid-day reports - "Encountered resistance when approaching the $7 threshold in recent months while forming an orderly base-on-base type pattern. It has now strung together 3 consecutive quarterly comparisons showing strong sales and earnings increases (C criteria) after a streak of negative quarterly comparisons versus the year ago period. Leadership (L criteria) in the Semiconductor group is also reassuring. Caution is called for, as the investment system guidelines discourage buying low-priced stocks."
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HDB - NYSE - BANKING - Foreign Regional Banks
H D F C Bank Ltd Adr
$163.22 -2.18
-1.32%
$165.64 $167.50 -2.56% 252,538
87.53%
288,500
Most Recent Note for HDB - 8/3/2010 12:49:30 PM
Pulling back today after 6 consecutive gains helped it rally to new all-time highs. Recent quarters showed earnings growth coming back, but this India-based financial institution has shown sub par sales revenues increases. Lack of revenue growth is a characteristic that has been noted in several South American banks appearing in recent mid-day reports. HDB slumped badly and its fundamentals deteriorated since it was dropped from the Featured Stocks list on 1/17/08.
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HLF - NYSE - DRUGS - Nutrition and Weight Management
Herbalife Ltd
$54.72 +5.53
11.24%
$55.00 $55.00 -0.51% 1,705,709
330.24%
516,500
Most Recent Note for HLF - 8/3/2010 12:54:38 PM
Gapped up today and spiked to a new all-time high after reporting earnings +69% on +20% better sales revenues for the quarter ended June 30, 2010 versus the year ago period. Interestingly, it was last noted on 5/04/10 after reporting earnings +44% on +19% better sales revenues for the quarter ended March 31, 2010. Have a look at its chart and note that its up and down annual earnings history (A criteria) remains a fundamental concern. Noted in 5/03/10 mid-day report - "Results for the quarter ended Dec 31, 2009 showed increases in sales and earnings after 4 quarters of negative comparisons. It has rebounded impressively from its Bear Market lows, however its fundamentals are below guidelines, having slumped subsequent to the company's removal from the CANSLIM.net Featured Stocks list on 4/22/08 - details were then covered in the CANSLIM.net After Market Update with an annotated graph (read here)."
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IDSA - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services
Industrial Svcs Of Amer
$20.80 +1.52
7.88%
$20.90 $21.18 -1.79% 400,790
275.65%
145,400
Most Recent Note for IDSA - 8/3/2010 12:56:14 PM
Hitting yet another new 52-week high today. Technically, it is now very extended after rising from an 11-week cup shaped pattern with no handle. The Louisville-based Pollution Control - Services firm still has only 3.55 million shares (S criteria) in the public float after a 3:2 split effective 6/02/10, which could lead to more dramatic price volatility in the event of any abrupt institutional buying or selling. Based on weakness it was dropped from the Featured Stocks list on 9/09/08 and subsequently slumped from $10.94 to as low as $2.39 before rebounding impressively. Recent quarters showed a dramatic upturn in sales revenues and earnings after some negative comparisons.
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JOBS - NASDAQ - DIVERSIFIED SERVICES - Staffing &; Outsourcing Service
Fifty One Job Inc Ads
$25.62 +0.35
1.39%
$26.20 $26.20 -2.21% 54,858
120.57%
45,500
Most Recent Note for JOBS - 8/3/2010 12:58:43 PM
At its 52-week high today and still adding to its streak of gains backed by above average volume. Noted in recent mid-day reports - "without forming a sound base pattern it is rallying clear of resistance due to overhead supply. The 2 latest quarters showed better sales revenues and earnings improvement, but its prior quarterly and annual earnings history (C and A criteria) has been below guidelines of the fact-based investment system."
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KWR - NYSE - CHEMICALS - Specialty Chemicals
Quaker Chemical
$37.41 +1.01
2.77%
$38.14 $38.16 -1.97% 168,399
101.69%
165,600
Most Recent Note for KWR - 8/3/2010 1:01:34 PM
Hitting another new 52-week high today and adding to its streak of gains backed by above average volume. Noted in the 8/02/10 mid-day report - "With no overhead supply remaining to act as resistance, it is on the right side of a 15-week cup shaped pattern, and today marks its 3rd consecutive gain backed by above average volume. Its up and down annual earnings (A criteria) is a concern. Since last noted in the 4/26/10 mid-day report its Mar and Jun '10 comparisons showed solid sales revenues and earnings increases versus the year ago period like the previously noted, 'Big increases in the quarter ended Dec 31, 2009.'"
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NUTR - NASDAQ - DRUGS - Drug Related Products
Nutraceutical Intl Corp
$16.07 +0.19
1.20%
$16.10 $16.10 -0.19% 91,458
181.83%
50,300
Most Recent Note for NUTR - 8/3/2010 1:05:57 PM
Gain with above average volume today helped it hit a new 52-week high while its peer in the Cosmetics /Personal Care industry group, Herbalife Ltd (HLF) also met today's mid-day report screen parameters. NUTR was noted in recent mid-day reports - "It has built a long flat base-on-base type pattern. Fundamentals are below guidelines of the investment system today for this vitamin and dietary supplement maker which was long ago (back in 2004) on the Featured Stocks list.
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PRAA - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services
Portfolio Recovery Assoc
$70.51 -0.49
-0.69%
$70.74 $72.80 -3.15% 105,433
78.16%
134,900
Most Recent Note for PRAA - 8/3/2010 1:15:27 PM
Following its considerable 7/30/10 gain previously noted, it remains perched near its all-time high. The number of top-rated funds owning its shares rose from 84 in Sep '09 to 100 in Jun '10. Its annual earnings history (A criteria) has not been strong and steady. The March and June 2010 quarterly comparisons show sales revenues and earnings growth accelerating above the minimum guidelines. Current earnings per share should be up +25% or more and in many cases accelerating in the 3 or 4 most recent quarters. Quarterly sales should also be up +25% or more or accelerating over prior quarters.
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SUMR - NASDAQ - CONSUMER NON-DURABLES - Personal Products
Summer Infant Inc
$8.15 +0.56
7.38%
$8.19 $8.42 -3.21% 165,666
158.84%
104,300
Most Recent Note for SUMR - 8/3/2010 1:20:55 PM
Gapped up today, approaching its 52 week high following a cup-with-handle type base pattern. With strong sales revenues growth reported +29% its earnings per share grew by only +18% in the quarter ended June 30, 2010. Based on sluggish performance it was dropped from the Featured Stocks list on 7/09/10.
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TRS - NASDAQ - MANUFACTURING - Diversified
Trimas Corp
$13.32 +1.22
10.08%
$13.40 $13.41 -0.67% 337,460
190.98%
176,700
Most Recent Note for TRS - 8/3/2010 1:23:42 PM
Gapped up and hit a new 52-week high today after a choppy 6-week consolidation above prior highs and its 50 DMA line. It has a history of healthy base-on-base type patterns over the past year. Noted in prior mid-day reports - "It is up more than 10-fold from a low below $1.00 in March '09. Quarterly and annual sales and earnings history is below guidelines of the fact-based system."
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