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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, AUGUST 31ST, 2011
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DOW 11647.97 88.02 (0.76%) | NASDAQ 2597.21 21.1 (0.82%) | S&P 500 1223.79 10.87 (0.90%)
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Time of Screening :
8/31/2011 12:04:40 PM Report Released :
8/31/2011 1:05:11 PM
Price is:
Above 52W High and Less Than 52W High
but within 8% 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 |
FCFS
- NASDAQ
FirstCash Holdings Inc
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$46.47
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-0.47
-1.00%
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$48.19
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223,942
68.09% of 50 DAV
50 DAV is 328,900
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$48.19
-3.57%
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5/31/2011 |
$42.00
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PP = $40.23
MB = $42.24 |
Most Recent Note - 8/31/2011 12:32:07 PM
G - Touched a new 52-week high with today's early gain then reversed into the red. It has not formed a sound new base pattern. Recently found support near its 50 DMA line. Prior lows near $37-38 define additional chart support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/22/2011. Click here.
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A N
S L
I M
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JCOM
- NASDAQ
J 2 Global Inc
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$31.80
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-0.20
-0.63%
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$32.32
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226,384
62.94% of 50 DAV
50 DAV is 359,700
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$32.64
-2.57%
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8/8/2011 |
$30.38
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PP = $29.31
MB = $30.78 |
Most Recent Note - 8/31/2011 12:48:08 PM
G - Holding its ground today near its 52-week high after a solid volume-driven gain to new highs on the prior session indicative of institutional accumulation. Previous highs in the $30-31 area now define initial chart support on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/29/2011. Click here.
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SEC |
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A N
S L
I M
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MG
- NYSE
Mistras Group Inc
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$20.52
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+0.01
0.05%
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$20.68
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90,896
59.60% of 50 DAV
50 DAV is 152,500
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$20.82
-1.44%
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8/10/2011 |
$17.89
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PP = $17.58
MB = $18.46 |
Most Recent Note - 8/31/2011 12:49:59 PM
G - Holding its ground stubbornly near its all-time high, extended from its prior base, with no resistance remaining due to overhead supply. Previous resistance in the $17-18 area defines important chart support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/24/2011. Click here.
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A N
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I M
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
DG
- NYSE - RETAIL - Discount, Variety Stores
Dollar General Corp
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$36.40 |
+0.64
1.79%
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$36.86
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$36.86
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-1.25% |
1,995,297
120.52%
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1,655,600
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Most Recent Note for DG - 8/31/2011 12:27:57 PM
Gapped up again today and hit another new 52-week high after clearing chart resistance in the $35 area on the prior session. Reported earnings +24% on +11% sales revenues for the quarter ended July 31, 2011 versus the prior session. When rebounding above its 50 DMA line on 8/29/11 the mid-day report noted - "Sales revenues and earnings increases in the Jan '11 and Apr '11 quarterly comparisons versus the year ago periods were borderline or below the investment system guidelines."
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A N
S L
I M
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DLTR
- NASDAQ - RETAIL - Discount, Variety Stores
Dollar Tree Inc
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$72.40 |
-0.95
-1.30%
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$74.23
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$74.72
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-3.10% |
964,706
64.35%
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1,499,100
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Most Recent Note for DLTR - 8/31/2011 12:31:00 PM
Holding its ground near its 52-week high after volume-driven gains following choppy action in recent weeks, not a very sound looking base pattern. Reported earnings +26% on +12% sales for the quarter ended July 31, 2011 versus the year ago period. Prior mid-day reports noted - "Good annual earnings history and quarterly earnings increases above the +25% meet the investment system's C and A guidelines, however sales revenues have shown just steady increases in the +12-14% range."
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GMCR
- NASDAQ - FOOD & BEVERAGE - Processed & Packaged Goods
Green Mtn Coffee Roastrs
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$104.55 |
+1.64
1.59%
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$107.42
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$111.42
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-6.17% |
1,707,303
60.21%
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2,835,400
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Most Recent Note for GMCR - 8/31/2011 12:36:45 PM
Choppy consolidation in recent weeks is not considered a sound base pattern, yet after repairing a recent 50 DMA violation it is now perched within close striking distance of its all-time high. A considerable gap up on 7/28/11 came after reporting earnings +133% on +127% sales revenues for the quarter ended June 30, 2011 versus the year ago period. Bullish action has continued while it rarely and briefly paused to consolidate since noted in the 5/23/11 mid-day report - "Inching higher today for new all-time high and it could go on to produce more climactic gains.. It completed a Public Offering on 5/05/11 and technically formed an advanced '3-weeks tight' pattern, however a new pivot point is not being cited. It is trading +80% above its 200 DMA line, which serves as a reminder for investors to watch out for sell signals more than having a bias toward any new buying efforts. Reported earnings +129% on +101% sales revenues for the quarter ended March 31, 2011 versus the year ago period. Held its ground following its considerable gap up on 3/10/11 after news of a deal with Starbucks Corp (SBUX). It has maintained a very strong sales revenues and earnings growth history solidly satisfying the C and A criteria. This previously featured leader was dropped from the Featured Stocks list on 10/01/10."
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GWW
- NYSE - WHOLESALE - Electronics Wholesale
Grainger W W Inc
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$154.60 |
+4.19
2.79%
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$156.85
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$161.21
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-4.10% |
387,155
58.23%
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664,900
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Most Recent Note for GWW - 8/31/2011 12:40:48 PM
Gapped up today, approaching its 52-week high while wedging higher without great volume conviction. It has been rebounding after a deep pullback under its 50 DMA and 200 DMA lines since last noted in the 7/19/11 mid-day report - "No overhead supply remains to act as resistance. Sales revenues have been +12-19% and earnings increases above the +25% guideline for the past 4 comparisons through Mar '11 versus the year ago period(s). The prior growth history for this Retail/Wholesale Building Products firm included a downturn in FY '09 which raises concerns with respect to the A criteria of the fact-based investment system's guidelines."
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JAZZ
- NASDAQ - DRUGS - Biotechnology
Jazz Pharmaceuticals Plc
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$42.95 |
+0.45
1.06%
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$44.05
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$44.05
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-2.50% |
836,381
98.44%
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849,600
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Most Recent Note for JAZZ - 8/31/2011 12:45:51 PM
Hitting another new 52-week and all-time high today after a choppy 5-week consolidation that is not recognized as a sound base pattern. There is no overhead supply remaining to act as resistance. Reported earnings +193% on +59% sales revenues for the quarter ended June 30, 2011. Technically it found support near prior highs during its quiet consolidation after noted in the 7/14/11 mid-day report when rising from a cup-with-handle pattern. FY '10 was its first ever profitable year, while the A criteria calls for a strong 3-5 year earnings growth history. Recent quarterly comparisons showed greatly improved sales revenues and earnings increases. The Medical - Ethical Drugs firm rose 80-fold from its low of $0.52 in April 2009. Ownership by top-rated funds rose from 117 in Jun '10 to 243 in Jun '11, a reassuring sign concerning the I criteria.
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NGD
- AMEX - METALS & MINING - Gold
New Gold Inc
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$13.59 |
-0.09
-0.66%
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$13.79
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$13.79
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-1.45% |
2,405,758
64.50%
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3,729,700
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Most Recent Note for NGD - 8/31/2011 12:50:53 PM
Still perched at its 52-week high today with no resistance remaining due to overhead supply, extended from prior chart highs in the $11 area following a spurt of volume-driven gains. Found support near its 200 DMA during its consolidation since noted in the 3/21/11 mid-day report - "Recent quarterly comparisons show sales revenues and earnings increases but its up and down annual earnings (A criteria) history leaves fundamental concerns."
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RGR
- NYSE - CONSUMER DURABLES - Sporting Goods
Sturm Ruger & Co Inc
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$35.45 |
-0.08
-0.23%
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$36.85
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$36.85
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-3.80% |
316,329
132.80%
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238,200
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Most Recent Note for RGR - 8/31/2011 12:55:47 PM
Reversed into the red after hitting yet another new 52-week high earlier today following 6 consecutive gains backed by above average volume. Repeatedly noted in recent mid-day reports - "Earnings history is below guidelines. Extended from any sound base."
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RIC
- AMEX - METALS & MINING - Gold
Richmont Mines Inc
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$11.03 |
+0.02
0.18%
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$11.32
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$11.32
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-2.56% |
688,029
161.13%
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427,000
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Most Recent Note for RIC - 8/31/2011 12:57:24 PM
Holding its ground today after technically breaking out with a considerable volume-driven gain for a new 52-week high on the prior session. Leadership in the Mining - Gold/Silver/Gems group (L criteria) has helped it rally among numerous other gold mining firms showing recent strength. Its old 52-week high was hit when noted in the 4/29/11 mid-day report - "Recent quarterly comparisons show sales revenues and earnings improvement, but its prior earnings history is below the investment system guidelines."
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STMP
- NASDAQ - Retail-Internet
Stamps.com Inc
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$19.01 |
+1.05
5.85%
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$19.19
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$19.30
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-1.50% |
172,212
132.98%
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129,500
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Most Recent Note for STMP - 8/31/2011 12:58:18 PM
Considerable gain today with above average volume for another new 52-week high. There was a brief consolidation above prior highs after a "breakaway gap" on 7/29/11. Prior mid-day reports noted - "Earnings increased by +125% on +26% sales revenues for the quarter ended June 30, 2011. Showing impressive sequential acceleration in recent quarterly comparisons, but prior quarterly comparisons showed lackluster sales revenues increases well below the +25% guideline, leaving some fundamental concerns."
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SWI
- NYSE - COMPUTER SOFTWARE & SERVICES - Application Software
Solarwinds Inc
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$25.00 |
+0.42
1.71%
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$25.62
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$26.68
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-6.30% |
729,438
67.14%
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1,086,500
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Most Recent Note for SWI - 8/31/2011 1:03:33 PM
Approaching its 52-week high today while wedging higher this week without great volume conviction. Its deep 9-week consolidation included a brief dip below its 200 DMA line since last noted on 7/21/11 as it was dropped from the Featured Stocks list. Technically, the rebound above its 50 DMA line helps its outlook to improve, but it has not formed a sound base pattern.
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TNH
- NYSE - CHEMICALS - Agricultural Chemicals
Terra Nitrogen Co Lp
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$196.28 |
+1.25
0.64%
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$199.50
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$199.50
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-1.61% |
70,482
83.21%
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84,700
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Most Recent Note for TNH - 8/31/2011 1:04:35 PM
Hovering at its all-time high today, adding to its impressive streak of volume-driven gains. Recent mid-day reports noted - "Repeatedly noted as extended from any sound base pattern. Found support near its 50 DMA line and well above prior chart resistance on its recent pullback. Reported earnings +78% on +19% sales revenues for the quarter ended June 30, 2011 versus the year ago period and recent quarters were strong, but its up and down annual earnings (questionable A) history remains a fundamental concern. There is a small supply of only 4.26 million shares in its float, which can contribute to greater price volatility in the event of institutional buying or selling."
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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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