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 MIDDAY BREAKOUTS REPORT - THURSDAY, AUGUST 5TH, 2010
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DOW 10629.72 -50.71 (-0.47%) | NASDAQ 2287.9 -15.67 (-0.68%) | S&P 500 1122.51 -4.73 (-0.42%)
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Time of Screening :
8/5/2010 12:06:34 PM Report Released :
8/5/2010 1:25:06 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 |
CACC
- NASDAQ
Credit Acceptance Corp
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$56.36
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-2.21
-3.77%
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$57.13
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45,792
94.22% of 50 DAV
50 DAV is 48,600
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$58.72
-4.02%
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7/29/2010 |
$52.04
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PP = $54.07
MB = $56.77 |
Most Recent Note - 8/5/2010 12:09:34 PM
Y - Gapped down today after a strong finish at a new all-time high. Now trading near below its "max buy" level, its color code is changed to yellow. Prior highs in the $54 area define initial chart support to watch. Recently reported +38% earnings on +21% sales revenues for the quarter ended June 30, 2010.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/2/2010. Click here.
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A N
S L
I M
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SHOO
- NASDAQ
Steven Madden Limited
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$39.55
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-0.01
-0.03%
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$39.85
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286,899
79.30% of 50 DAV
50 DAV is 361,800
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$40.98
-3.49%
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8/5/2010 |
$39.55
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PP = $41.08
MB = $43.13 |
Most Recent Note - 8/5/2010 1:08:49 PM
Y - Within -4% of its 5/03/10 all-time high, now working on the right side of a 15-week cup shaped base without a handle. A proper "handle" forms over a minimum of 1 week and includes a pullback in the 10-12% range. Color code is changed to yellow with pivot point cited based on its 52-week high plus ten cents. As noted in the 7/30/10 mid-day report - "It has the look of a big base-on-base type pattern now with prior resistance near $40. Recent quarters showed accelerating sales revenues and earnings increases since last noted in the 4/30/10 mid-day report. The high-ranked Apparel firm's quarterly earnings increases have been well above the +25% guideline, satisfying the C criteria. Its annual earnings history (A criteria) since FY '07 has been good."
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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A N
S L
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
CATM
- NASDAQ - DIVERSIFIED SERVICES - Business/Management Services
Cardtronics Inc
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$14.43 |
+1.33
10.15%
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$14.97
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$14.99
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-3.74% |
589,512
218.91%
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269,300
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Most Recent Note for CATM - 8/5/2010 12:21:46 PM
Gapped up today and quickly rallied to a new 52-week high. For the quarter ended June 30, 2010 it reported +53% earnings on +7% sales versus the year ago period, continuing its solid earnings trend. Sales revenues were reported in the -4% to +11% range for the past 7 comparisons, however. It found support well above its 200 DMA line but endured heavy distribution since last noted in the mid-day report on 4/30/10 following a Secondary Offering completed 3/31. As it was noted on 4/30/10 - "There is no overhead supply to act as resistance, yet it is up substantially from a low of $0.47 in Nov '08."
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A N
S L
I M
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CTRX
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Healthcare Information Service
Catamaran Corp
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$74.78 |
+4.08
5.77%
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$75.99
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$76.97
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-2.85% |
391,434
108.07%
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362,200
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Most Recent Note for CTRX - 8/5/2010 1:23:16 PM
Considerable gain today from below its 50 DMA line to within -2.5% of its all-time high. It faces no resistance due to overhead supply however it endured distributional pressure since last noted in the mid-day report on 7/02/10. Recent quarterly comparisons have shown very strong sales revenues and earnings (C criteria) increases. Thin leadership (L criteria) in the Computer Software - Medical group (Group RS Rating 61) is a concern, while its peer in the group, Medassets Inc (MDAS -7.36%), is enduring distributional pressure today.
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SEC |
News |
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A N
S L
I M
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DTV
- NASDAQ - TELECOMMUNICATIONS - Communication Equipment
Directv
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$38.71 |
+0.81
2.14%
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$39.67
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$39.87
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-2.91% |
7,265,154
63.24%
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11,488,200
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Most Recent Note for DTV - 8/5/2010 12:32:20 PM
Its Accumulation/Distribution Rating and Sponsorship Rating are currently D and its Up/Down Volume Ratio of 0.8 shows a bearish bias to recent trading. DTV found support above its 200 DMA line and rebounded with gains on light volume during the 10-week cup shaped consolidation since it was last noted in the mid-day report on 6/07/10 - "Encountering distribution on 6/04/10 after reaching a new 52-week high. Earnings increases have been strong in the 2 latest quarters, but prior quarterly comparisons showed sub par sales and earnings. Blue triangles beside the quarterly and annual earnings figures within the datagraphs used by CANSLIM.net experts indicate pre-tax, non-recurring items were included (where possible, such items are normally removed to provide data better suited for comparison)."
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A N
S L
I M
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EC
- NYSE - ENERGY - Independent Oil & Gas
Ecopetrol Sa Adr
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$37.55 |
+1.14
3.13%
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$37.96
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$37.94
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-1.03% |
181,165
144.24%
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125,600
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Most Recent Note for EC - 8/5/2010 12:35:46 PM
Hitting yet another new all-time high today, extending its streak of gains with above average volume. Noted in recent mid-day reports - "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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A N
S L
I M
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IPGP
- NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits
I P G Photonics Corp
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$20.91 |
+0.42
2.05%
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$21.06
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$21.40
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-2.29% |
179,049
148.22%
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120,800
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Most Recent Note for IPGP - 8/5/2010 12:49:53 PM
Hitting another new 52-week high today with a 3rd consecutive gain on above average volume after the considerable 8/03/10 gap up gain. Sales and earnings showed great improvement in the June 30, 2010 ended quarter. Its prior history has been erratic and below guidelines of the fact-based system.
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I M
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PCLN
- NASDAQ - INTERNET - Internet Software & Services
Priceline.com Inc
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$287.52 |
+6.22
2.21%
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$287.55
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$287.96
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-0.15% |
1,368,359
97.31%
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1,406,200
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Most Recent Note for PCLN - 8/5/2010 12:58:31 PM
Holding its ground and rising today after a huge "breakaway gap" on 8/04/10 for a new 52-week high. The considerable gain with very heavy volume immediately followed strong results for the quarter ended June 30, 2010. As noted in the 8/04/10 mid-day report - "No overhead supply remains to act as resistance after clearing its deep 3-month consolidation. Based on weak action it was dropped from the Featured Stocks list on 5/07/10 and subsequently fell from $225 to $173 before beginning its impressive rebound."
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I M
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USNA
- NYSE - DRUGS - Drug Related Products
U S A N A Health Science
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$43.34 |
+1.03
2.43%
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$43.52
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$43.97
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-1.43% |
53,109
141.25%
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37,600
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Most Recent Note for USNA - 8/5/2010 1:24:23 PM
Considerable gain today for a new 52-week high. Among several high-ranked leaders (L criteria) in the Cosmetics/Personal Care group appearing in recent mid-day reports, this network marketer of dietary supplements, health foods, and skin care products quarter ending June 30, 2010 showed sales revenues up +12% and earnings per share up +21% versus the year ago period. Noted in recent mid-day reports - "Showing recent improvement, but fundamentally the C and A criteria are not satisfied. Current earnings per share should be up +25% or more and in the 3 or 4 latest comparisons versus the year earlier, and ideally growth should be accelerating in recent quarters. Quarterly sales should also be up +25% or more or accelerating over prior quarters."
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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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