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MIDDAY BREAKOUTS REPORT - TUESDAY, AUGUST 24TH, 2010
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DOW 10076.02 -98.39 (-0.97%) | NASDAQ 2132.92 -26.71 (-1.24%) | S&P 500 1055.24 -12.12 (-1.14%)
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Time of Screening :
8/24/2010 12:22:05 PM Report Released :
8/24/2010 1:24:08 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 |
CRM
- NYSE
Salesforce.com Inc
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$112.77
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+0.49
0.43%
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$113.00
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3,524,852 146.49% of 50 DAV
50 DAV is 2,406,200
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$113.40 -0.56%
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6/2/2010 |
$88.44
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PP = $89.60 MB = $94.08 |
Most Recent Note - 8/24/2010 12:37:28 PM
G - Holding its ground since a gap up on 8/20/10 for a considerable gain and new all-time high, extended from any sound base. It reported sales +25% and earnings +0% versus the year ago period ended July 31st, marking its second consecutive quarterly comparison with earnings per share below the +25% guideline.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/16/2010. Click here.
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SEC |
News |
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A N
S L
I M
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WCRX
-
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$29.65
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+0.22
0.75%
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$30.57
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1,870,301 125.10% of 50 DAV
50 DAV is 1,495,100
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$30.57 -3.01%
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8/23/2010 |
$29.54
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PP = $29.34 MB = $30.81 |
Most Recent Note - 8/24/2010 1:23:29 PM
Y - Gapped up today and hit another new all-time high. It was featured in yellow in the mid-day report on 8/23/10 (read here), rising from a cup shaped base formed since it was noted in the 5/06/10 mid-day report - "Earnings and sales revenues history has been below guidelines of the fact-based system, yet showed drastic increases in the quarter ended Dec 31, 2010. It encountered stubborn resistance in the $29 area since the high-ranked firm hailing from the Medical - Ethical Drugs industry was noted in a handful of Q4 2009 mid-day reports after announcing plans to buy Procter & Gamble Co's prescription drug business in a deal first announced 8/24/09."
>>> The latest Featured Stock Update with an annotated graph appeared on 8/23/2010. Click here.
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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 |
ARLP
- NASDAQ - METALS & MINING - Nonmetallic Mineral Mining
Alliance Res Partners Lp
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$54.10 |
-0.59 -1.09%
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$54.42
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$54.75
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-1.19% |
68,894 73.76%
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93,400
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Most Recent Note for ARLP - 8/24/2010 12:25:07 PM
Pulling back today from hitting a new 52-week high on the prior session. It rose above the pivot point after forming a handle since noted in recent mid-day reports - "this MLP in the Energy - Coal industry has a quarterly and annual earnings history that has not been strong and steady."
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I M
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CASY
- NASDAQ - RETAIL - Super/Mini Markets
Caseys General Stores
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$37.66 |
-0.08 -0.21%
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$37.83
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$39.56
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-4.80% |
1,584,381 181.26%
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874,100
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Most Recent Note for CASY - 8/24/2010 12:25:40 PM
Consolidating since its gap up on 4/09/10 on merger/acquisition news.
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CHKP
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Security Software & Services
Check Point Sftware Tech
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$35.51 |
+0.12
0.32%
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$35.52
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$36.40
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-2.46% |
1,578,819 93.89%
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1,681,600
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Most Recent Note for CHKP - 8/24/2010 12:33:29 PM
This Israel-based Computer Software - Security firm has earned high ranks and has a history of steady sales revenues and earnings increases, not showing acceleration and below or borderline with fact-based investment system's minimum guidelines. It has rallied to within close striking distance of its 52-week high after an 18-week cup shaped base.
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DLTR
- NASDAQ - RETAIL - Discount, Variety Stores
Dollar Tree Inc
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$45.13 |
+1.00
2.27%
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$45.15
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$45.49
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-0.79% |
1,208,998 66.09%
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1,829,400
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Most Recent Note for DLTR - 8/24/2010 12:44:54 PM
Hitting a new 52-week high today, it was last noted on 8/19/10 when rallying above its 50 DMA with heavy volume behind a considerable gain. It is clear of resistance due to overhead supply now. As noted in prior mid-day reports - "It has a good annual earnings history and quarterly earnings increases above the +25% meet the investment system's guidelines, however sales revenues have shown just steady increases in the +12-13% range."
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HLF
- NYSE - DRUGS - Nutrition and Weight Management
Herbalife Ltd
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$54.81 |
-1.03 -1.84%
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$55.45
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$57.59
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-4.83% |
331,095 60.23%
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549,700
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Most Recent Note for HLF - 8/24/2010 12:54:59 PM
Holding its ground in a tight trading range since its 8/03/10 gap up gain, this high-ranked Cosmetics / Personal Care group leader has an up and down annual earnings history (A criteria) that remains a fundamental concern. In the 3 most recent quarters, as noted in prior mid-day reports, this network marketer of weight management and nutritional supplements - "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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INTU
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software
Intuit Inc
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$43.07 |
+0.24
0.56%
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$43.17
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$44.85
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-3.97% |
3,400,319 94.85%
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3,584,800
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Most Recent Note for INTU - 8/24/2010 12:56:17 PM
Holding its ground near its 52-week high after a considerable gap up gain on 8/20/10. Its recently quarterly comparisons showed earnings growth below guidelines while sales revenues have gradually accelerated. It has a good annual earnings (A criteria) history.
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IPGP
- NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits
I P G Photonics Corp
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$21.73 |
-0.03 -0.11%
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$22.12
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$22.12
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-1.76% |
108,079 75.16%
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143,800
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Most Recent Note for IPGP - 8/24/2010 1:01:21 PM
Held its ground above prior chart highs since blasting higher with heavy volume when noted in a few mid-day reports in early August - "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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POT
- NYSE - CHEMICALS - Agricultural Chemicals
Potash Corp Saskatchewan
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$149.97 |
-0.23 -0.15%
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$151.12
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$153.29
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-2.17% |
6,458,055 98.02%
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6,588,300
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Most Recent Note for POT - 8/24/2010 1:02:36 PM
The Chemicals-fertilizers firm held its ground and inched higher following a considerable gap up gain on 8/17/10 as it rejected an unsolicited bid to be acquired by BHP Billiton Ltd. Earnings and sales have been very strong in the 2 most recent quarterly comparisons versus the year earlier after streak of negative comparisons. Its annual earnings history (A criteria) was very strong until a downward turn in FY '09 marred its impressive track record.
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RVBD
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Information & Delivery Service
Riverbed Technology Inc
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$36.51 |
+0.41
1.14%
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$37.07
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$38.36
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-4.82% |
892,903 59.95%
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1,489,500
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Most Recent Note for RVBD - 8/24/2010 1:08:48 PM
Consolidating, it found support above its 50 DMA line after gapping up and technically breaking out of a 13-week base when last noted on 7/23/10. The San Francisco, CA-based firm in the Computer-Networking industry is perched only -4.4% off its 52-week high now. It may be a strong turn-around story, but the downward turn in FY '08 hurts its annual earnings (A criteria) track record.
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SAN
- NYSE - BANKING - Foreign Regional Banks
Banco Santander Sa Adr
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$83.75 |
+0.74
0.89%
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$83.87
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$87.63
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-4.43% |
97,735 59.74%
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163,600
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Most Recent Note for SAN - 8/24/2010 1:16:40 PM
Consolidating above its 50 DMA line after getting extended from prior chart highs in the $72 area. The Chilean bank has a good annual earnings (A criteria) history and has shown great earnings increases in some recent quarterly comparisons. Sales revenues increases have not been strong and steady and included a recent streak of 5 quarters with negative sales growth.
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VMW
- NYSE - COMPUTER SOFTWARE & SERVICES - Technical & System Software
Vmware Inc Cl A
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$79.93 |
-1.42 -1.74%
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$80.70
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$83.63
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-4.42% |
1,619,338 65.59%
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2,468,800
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Most Recent Note for VMW - 8/24/2010 1:19:07 PM
This Computer-Software firm is pulling back today with a small gap down after after reaching a new 52 week high and negatively reversing on the prior session. It found support near its 50 DMA line recently. Reported earnings per share +70% on +48% sales revenues in the quarter ended June 30, 2010 versus the year ago period. Noted in recent mid-day reports - "recently found great support near its 50 DMA line. In recent weeks there has been a cluster of insider buying reported, which is typically an encouraging sign. The quarter ended March 31, 2010 showed better sales and earnings, but overall it falls short of meeting the C and A criteria 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.
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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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