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 MIDDAY BREAKOUTS REPORT - FRIDAY, AUGUST 6TH, 2010
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DOW 10536.63 -138.35 (-1.30%) | NASDAQ 2265.45 -27.61 (-1.20%) | S&P 500 1110.89 -14.92 (-1.33%)
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Time of Screening :
8/6/2010 12:05:58 PM Report Released :
8/6/2010 1:09:07 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 |
MELI
- NASDAQ
Mercadolibre Inc
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$66.05
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+2.08
3.25%
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$67.20
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1,090,596
114.34% of 50 DAV
50 DAV is 953,800
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$67.20
-1.71%
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5/13/2010 |
$54.21
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PP = $55.85
MB = $58.64 |
Most Recent Note - 8/6/2010 12:39:21 PM
G - Hit a new 52-week high today with a 4th consecutive gain. Extended from any sound base. Its recent lows and 50 DMA line in the $58 area define important chart support.
>>> The latest Featured Stock Update with an annotated graph appeared on 7/23/2010. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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MWIV
- NASDAQ
M W I Veterinary Supply
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$52.71
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+0.04
0.07%
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$53.42
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155,695
221.47% of 50 DAV
50 DAV is 70,300
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$54.48
-3.26%
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7/29/2010 |
$52.05
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PP = $52.09
MB = $54.69 |
Most Recent Note - 8/6/2010 12:48:46 PM
Y - It has endured recent distributional pressure and it has not made meaningful price progress while trading above average volume today. The "churning" action has occurred while remaining confined to a tight range near all-time highs.
>>> The latest Featured Stock Update with an annotated graph appeared on 7/30/2010. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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SHOO
- NASDAQ
Steven Madden Limited
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$39.11
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-0.50
-1.26%
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$39.99
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294,789
81.48% of 50 DAV
50 DAV is 361,800
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$40.98
-4.56%
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8/5/2010 |
$39.55
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PP = $41.08
MB = $43.13 |
Most Recent Note - 8/6/2010 1:07:54 PM
Y - Perched near its all-time high and still 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 was changed to yellow with pivot point cited based on its 52-week high plus ten cents when featured in the 8/05/10 mid-day report (read here). As noted 7/30/10 - "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."
>>> The latest Featured Stock Update with an annotated graph appeared on 8/5/2010. Click here.
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SEC |
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Chart | C
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 |
ARG
- NYSE - WHOLESALE - Industrial Equipment Wholesale
Airgas Inc
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$65.54 |
-0.31
-0.47%
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$65.92
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$66.06
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-0.79% |
1,182,705
117.98%
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1,002,500
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Most Recent Note for ARG - 8/6/2010 12:11:12 PM
Not showing sales or earnings growth meeting the guidelines. It has traded in a tight range after gapping up in Feb 2010 on merger/acquisition news.
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SEC |
News |
Chart | C
A N
S L
I M
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CATM
- NASDAQ - DIVERSIFIED SERVICES - Business/Management Services
Cardtronics Inc
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$14.74 |
-0.10
-0.67%
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$14.91
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$14.99
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-1.67% |
185,712
68.96%
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269,300
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Most Recent Note for CATM - 8/6/2010 12:12:32 PM
Holding its ground today after a gap up and considerable gain for a new 52-week high on the prior session. 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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DD
- NYSE - CHEMICALS - Chemicals - Major Diversified
Dupont De Nemours & Co
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$41.79 |
-0.69
-1.62%
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$42.66
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$42.66
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-2.04% |
4,533,421
59.31%
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7,643,600
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Most Recent Note for DD - 8/6/2010 12:16:30 PM
Rallied to new 52-week highs after its 7/27/10 gap up gain with high volume. Recent quarterly comparisons show improving sales and earnings increases, however its annual earnings (A criteria) history has not shown the strong steady growth required under the fact-based system's guidelines.
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SEC |
News |
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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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$37.50 |
+0.04
0.11%
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$38.23
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$38.23
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-1.91% |
113,452
90.33%
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125,600
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Most Recent Note for EC - 8/6/2010 12:17:31 PM
Hit 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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SEC |
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A N
S L
I M
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EMC
- NYSE - COMPUTER HARDWARE - Data Storage Devices
E M C Corp
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$20.16 |
-0.54
-2.61%
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$20.71
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$20.97
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-3.86% |
17,240,677
65.77%
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26,214,700
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Most Recent Note for EMC - 8/6/2010 12:21:40 PM
This week it wedged to a new 52-week high with light volume after recently encountering heavy distributional pressure. Its April - June highs and its 50 DMA line define important chart support to watch. Noted in several recent mid-day reports - "Its annual earnings (A criteria) history and quarterly earnings and sales revenues increases have been below the fact-based investment system guidelines, yet improved in the latest quarter. Large supply of 2.055 billion shares outstanding makes this goliath Computer - Data Storage firm an unlikely sprinter."
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I M
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HMIN
- NASDAQ - LEISURE - Lodging
Home Inns & Htls Mgt Ads
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$43.85 |
+0.01
0.02%
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$44.38
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$44.38
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-1.19% |
202,143
58.36%
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346,400
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Most Recent Note for HMIN - 8/6/2010 12:30:48 PM
Inching to new 52 week highs this week, still not distancing itself from previously noted stubborn resistance in the $42 area after a 7-month long cup-with-handle shaped pattern. Noted in prior mid-day reports - "Recent quarterly comparisons showed strong sales and earnings increases that satisfy the C criteria. Annual earnings (A criteria) showed a downturn in FY '08, leaving fundamental concerns."
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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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$21.31 |
-0.04
-0.21%
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$21.55
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$21.85
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-2.49% |
157,526
130.40%
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120,800
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Most Recent Note for IPGP - 8/6/2010 12:34:12 PM
Pulling back today from its 52-week high after 3 consecutive gains on above average volume following a considerable 8/03/10 gap up gain. Noted in 2 prior mid-day reports this week - "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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LFL
- NYSE - TRANSPORTATION - Regional Airlines
Latam Airlines Group Adr
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$24.57 |
+0.64
2.67%
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$24.57
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$24.69
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-0.49% |
277,515
65.21%
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425,600
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Most Recent Note for LFL - 8/6/2010 12:36:20 PM
This Chile-based Transportation - Airline firm was noted in the 7/29/10 mid-day report - "Recent quarters show improving sales and earnings but its earnings history is below the fact-based system's guidelines. Extended from any sound base."
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I M
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NUTR
- NASDAQ - DRUGS - Drug Related Products
Nutraceutical Intl Corp
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$15.72 |
-0.24
-1.50%
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$16.06
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$16.43
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-4.32% |
37,197
70.32%
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52,900
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Most Recent Note for NUTR - 8/6/2010 12:53:31 PM
It has slumped back under stubborn resistance in the $16 area since noted in the 8/03/10 mid-day report when a gain with above average volume helped it hit a new 52-week high. Peers in the Cosmetics /Personal Care industry group, Herbalife Ltd (HLF) and USANA Health Science Inc (USNA) have also met recent mid-day report screening parameters, confirming leadership (L criteria) in the group. 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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I M
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PCLN
- NASDAQ - INTERNET - Internet Software & Services
Priceline.com Inc
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$295.08 |
+2.41
0.82%
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$298.99
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$298.99
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-1.31% |
1,868,073
132.85%
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1,406,200
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Most Recent Note for PCLN - 8/6/2010 12:57:13 PM
Holding its ground stubbornly and rising since its "breakaway gap" on 8/04/10 for a new 52-week high following another strong earnings report. 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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SXE
- NYSE - COMPUTER SOFTWARE & SERVICES - Information Technology Service
Southcross Energy Prn Lp
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$37.46 |
-0.03
-0.08%
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$37.47
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$37.55
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-0.24% |
132,171
82.20%
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160,800
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Most Recent Note for SXE - 8/6/2010 1:08:27 PM
Perched near all-time highs since gap up 5/07/10 on news it is to be acquired by CGI Group Inc. via cash tender offer. It was dropped from the Featured Stocks list on 2/23/09.
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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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likewise used for identification purposes only.
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