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MIDDAY BREAKOUTS REPORT - THURSDAY, AUGUST 29TH, 2013
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DOW 14887.14 62.63 (0.42%) | NASDAQ 3629.7 36.35 (1.01%) | S&P 500 1643.43 8.47 (0.52%)
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Time of Screening :
8/29/2013 12:15:14 PM Report Released :
8/29/2013 1:07:06 PM Price is:
Above 52W High and Less Than 52W High
but within 15% 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 |
GNRC
- NYSE
Generac Hldgs Inc
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$41.16
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+0.80
1.98%
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$41.39
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668,702 67.24% of 50 DAV
50 DAV is 994,500
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$0.00
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7/30/2013 |
$42.60
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PP = $42.10 MB = $44.21 |
Most Recent Note - 8/29/2013 12:37:49 PM
Y - Testing support at its 50 DMA line today. Any further deterioration would raise concerns and trigger a technical sell signal. Stalled after a recent rally from an advanced "3-weeks tight" base as it priced a Secondary Offering. Disciplined investors always limit losses by selling if any stock falls more than -7% from its purchase price.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/22/2013. Click here.
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A N
S L
I M
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SFUN
- NYSE
Soufun Hldgs Ltd Ads A
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$38.90
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+1.12
2.96%
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$39.57
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629,258 109.61% of 50 DAV
50 DAV is 574,100
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$0.00
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7/16/2013 |
$29.54
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PP = $27.90 MB = $29.30 |
Most Recent Note - 8/29/2013 1:04:00 PM
G - Hovering near its 52-week high, showing resilience amid widespread market (M criteria) weakness. It is extended from a sound base and prior reports cautioned - "Disciplined investors avoid chasing stocks too extended from sound bases."
>>> The latest Featured Stock Update with an annotated graph appeared on 8/8/2013. Click here.
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A N
S L
I M
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YNDX
- NASDAQ
Yandex N V Class A
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$31.90
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-0.51 -1.57%
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$32.00
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2,600,953 108.55% of 50 DAV
50 DAV is 2,396,000
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$0.00
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7/10/2013 |
$29.29
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PP = $29.59 MB = $31.07 |
Most Recent Note - 8/29/2013 1:06:01 PM
G - Enduring mild distributional pressure this week and nearly testing its 50 DMA line today, important near-term support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/20/2013. Click here.
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A N
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Symbol - Exchange - Industry Group Company Name |
Last |
Chg |
Day High |
52 WK Hi |
% From Hi |
Volume % DAV |
DAV |
AFOP
- NASDAQ - ELECTRONICS - Semiconductor - Specialized
Alliance Fiber Optic
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$38.99 |
+1.88
5.07%
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$39.45
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$0.00
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0.00% |
241,677 59.13%
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408,700
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Most Recent Note for AFOP - 8/29/2013 12:18:33 PM
Rallying toward its 52-week high this week after a pullback tested support near prior highs in the $35 area. There was a technical breakout last week, however prior mid-day reports repeatedly cautioned - "Recently found support while consolidating above its 50 DMA line and prior lows in the $28 area. This Sunnyvale, CA based Telecom - Fiber Optics firm showed strong increases in sales and earnings above the +25% minimum guideline (C criteria) through the Jun '13 period. Prior mid-day reports cautioned - 'Up and down annual earnings (A criteria) history is a fundamental concern, not meeting the fact-based investment system's guidelines.'"
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A N
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I M
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ASPS
- NASDAQ - REAL ESTATE - Property Management/Developmen
Altisource Ptf Sltns Sa
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$128.55 |
+0.43
0.34%
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$130.32
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$0.00
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0.00% |
123,732 97.50%
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126,900
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Most Recent Note for ASPS - 8/29/2013 12:21:29 PM
Still perched near its 52-week high. The 8/01/13 mid-day report cautioned - "Earnings increases were below the +25% minimum guideline in the 3 latest quarterly comparisons through Jun '13. Rallied impressively in the past week with volume-driven gains while approaching its 52-week high. Went through a deep consolidation below its 200 DMA line since dropped from the Featured Stocks list on 11/14/12."
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CFI
- NYSE - MANUFACTURING - Textile Manufacturing
Culp Inc
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$19.32 |
+0.61
3.26%
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$19.34
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$0.00
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0.00% |
19,092 64.94%
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29,400
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Most Recent Note for CFI - 8/29/2013 12:23:49 PM
Consolidating in a tight range near its 52-week high since finding prompt support at its 50 DMA line after last noted in the 8/15/13 mid-day report with caution - "Fundamentals remain a concern. Erratic sales and earnings history, below guidelines of the investment system."
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DDD
- NYSE - COMPUTER HARDWARE - Computer Peripherals
Three D Systems Corp
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$52.98 |
+2.55
5.06%
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$53.68
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$0.00
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0.00% |
3,474,822 95.07%
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3,654,900
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Most Recent Note for DDD - 8/29/2013 12:26:11 PM
Up with above average volume today, rallying back above previously stubborn resistance in the $51 area. No resistance remains due to overhead supply. Reported earnings +11% on +44% sales revenues for the Jun '13 period, well below the +25% minimum earnings guideline (C criteria). Found support near its 50 DMA line during its consolidation since noted in the 5/15/13 mid-day report with caution - "Completed a new Public Offering on 5/09/13, and an earlier one was completed on 6/13/12. Shares split 3/2 effective 2/25/13. Reported earnings +24% on +31% sales revenues for the Mar '13 quarter. Sequential deceleration in sales revenues and earnings increases in quarterly comparisons was noted as cause for concern. Found support at its 200 DMA line during its consolidation since noted in the 2/13/13 mid-day report with caution - 'Annual earnings (A criteria) history has not been strong and steady, but improved greatly following losses in FY '06-08.'"
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DEST
- NASDAQ - RETAIL - Apparel Stores
Destination Maternity Cp
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$27.93 |
+0.44
1.60%
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$28.13
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$0.00
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0.00% |
34,111 59.74%
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57,100
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Most Recent Note for DEST - 8/29/2013 12:30:07 PM
Slumped below its 50 DMA line this week. Fundamental concerns remain as noted in prior mid-day reports with caution. This Retail - Apparel/Shoes/Acc firm's sales revenues in the past were below the respective year ago periods, indicating no new growth in demand for its products or services (bad N criteria). Its small supply (S criteria) of only 12 million shares in the float could contribute to greater price volatility. Quarterly earnings history (C criteria) has not been strong, and its up and down annual earnings (A criteria) history is also a concern.
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EFII
- NASDAQ - WHOLESALE - Computers Wholesale
Electronics For Imaging
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$30.14 |
+0.57
1.93%
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$30.27
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$0.00
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0.00% |
139,905 59.79%
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234,000
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Most Recent Note for EFII - 8/29/2013 12:31:23 PM
Consolidating near its 50 DMA line and -6.5% off its 52-week high. Reported earnings +27% on +10% sales revenues for the Jun '13 quarter but fundamental concerns remain. Quarterly earnings and sales revenues showed sub par increases in quarterly comparisons through Mar '13. Its annual earnings (A criteria) history included a loss in FY '09. It survived but failed to impress since noted in the 5/05/11 mid-day report with caution - "Fundamentally, earnings have not been strong and steady enough to meet the fact-based investment system guidelines."
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FFG
- NYSE - INSURANCE - Life Insurance
F B L Financial Group
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$45.50 |
+0.68
1.52%
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$45.87
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$0.00
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0.00% |
53,008 109.52%
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48,400
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Most Recent Note for FFG - 8/29/2013 12:34:00 PM
Rebounding above its 50 DMA line toward its 52-week high with today's 2nd consecutive volume-driven gain. Reported earnings +36% on +6% sales revenues for the quarter ended June 30, 2013 versus the year ago period. This life insurance firm's quarterly sales revenues and earnings increases have not been strong and steady, and its up and down annual earnings (A criteria) history is a concern.
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GT
- NASDAQ - CONSUMER NON-DURABLES - Rubber & Plastics
Goodyear Tire & Rubber
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$20.36 |
+0.52
2.62%
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$20.38
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$0.00
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0.00% |
3,469,174 83.36%
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4,161,500
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Most Recent Note for GT - 8/29/2013 12:40:07 PM
Rallying for a 3rd consecutive volume-driven gain and hitting a new 52-week high today. Held its ground in a tight trading range since noted in the 7/31/13 mid-day report with caution following a considerable gap up - "Sales revenues have waned in the past 5 quarterly comparisons through Jun '13 versus the year-ago periods. Earnings history is not a match with the fact-based investment system's guidelines (C and A criteria)."
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HEI
- NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services
Heico Corp
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$62.46 |
+2.03
3.36%
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$62.76
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$0.00
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0.00% |
79,604 57.64%
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138,100
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Most Recent Note for HEI - 8/29/2013 12:42:37 PM
Gapped up for a 2nd consecutive session, rallying for new 52-week highs. Reported earnings +24% on +18% sales revenues for the Jul '13 quarter. Prior mid-day reports cautioned -"Fundamental concerns remain with respect to the C and A criteria today. Weak technical action prompted it to be dropped from the Featured Stocks list on 1/17/08."
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IGTE
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Information Technology Service
Igate Corp
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$24.40 |
+1.02
4.34%
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$24.44
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$0.00
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0.00% |
192,525 71.86%
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267,900
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Most Recent Note for IGTE - 8/29/2013 12:47:54 PM
Hitting a new 52-week high today with a 2nd consecutive volume-driven gain. It reported better than +25% earnings (C criteria) in the past 4 quarterly comparisons through Jun '13 but with sub par sales revenues growth in the +1-6% range, not indicative of great demand for a new (N criteria) product or service. It survived but failed to impress since 12/01/10 when technical damage prompted it to be dropped from the Featured Stocks list.
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KKD
- NYSE - LEISURE - Restaurants
Krispy Kreme Doughnuts
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$23.05 |
+0.81
3.63%
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$23.11
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$0.00
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0.00% |
706,990 62.36%
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1,133,700
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Most Recent Note for KKD - 8/29/2013 12:51:23 PM
It is extended from any sound base. Stubbornly held its ground and wedged higher since last noted in the 8/12/13 mid-day report with caution - "Reported earnings +43% on +11% sales for the Apr '13 quarter. Recent quarters show earnings improving, but without especially strong sales revenues acceleration."
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LRN
- NYSE - Consumer Svcs-Education
Stride Inc
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$36.46 |
+4.50
14.08%
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$37.65
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$0.00
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0.00% |
928,802 498.55%
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186,300
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Most Recent Note for LRN - 8/29/2013 12:55:56 PM
Considerable "breakaway gap" today for a new 52-week high with a big gain backed by above average volume. Reported earnings +20% on +19% sales revenues for the Jun '13 quarter, below the +25% minimum earnings guideline (C criteria). Undercut its 50 DMA during its consolidation then rebounded and reached new highs since last noted in the 5/15/13 mid-day report with caution - "Earnings increases improved in the Dec '12 and Mar '13 quarters, but prior quarterly comparisons and its annual earnings (A criteria) history are not a match with the fact-based system's fundamental guidelines. Technically, it is trading at its 52-week high but faces resistance due to overhead supply up through the $37 area."
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MHK
- NYSE - MANUFACTURING - Textile Manufacturing
Mohawk Industries Inc
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$121.59 |
+3.25
2.75%
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$122.11
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$0.00
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0.00% |
599,401 76.63%
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782,200
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Most Recent Note for MHK - 8/29/2013 1:00:25 PM
Testing support at its 50 DMA line this week. Stalled following a considerable gap up gain and new 52-week high (N criteria) on 8/02/13 after it rallied from a late-stage base. Reported earnings +61% on +34% sales revenues for the Jun '13 quarter versus the year ago period. Fundamental concerns remain, as its annual earnings (A criteria) history has not been strong and steady. Prior mid-day reports cautioned - "Recent quarterly earnings increases through Mar '13 were above the +25% minimum guideline (C criteria), however lackluster sales revenues growth in the +2-6% range hints that there is no great demand for new (N criteria) products or services."
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MX
- NYSE - MANUFACTURING - Diversified Machinery
Magnachip Semiconductor
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$21.04 |
+0.76
3.75%
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$21.10
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$0.00
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0.00% |
230,313 58.50%
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393,700
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Most Recent Note for MX - 8/29/2013 1:01:51 PM
Found support recently when consolidating above its 50 DMA line. Failed to make further progress after hitting new 52-week and all-time highs on 7/31/13 with a considerable volume-driven gain. Reported earnings +48% on only +6% sales revenues for the Jun '13 quarter. Prior mid-day reports cautioned - "Completed a Secondary Offering on 2/05/13. Up and down annual earnings (A criteria) history leaves fundamental concerns for disciplined investors."
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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
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the purchase or sale of any securities. All trademarks,
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