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 MIDDAY BREAKOUTS REPORT - THURSDAY, SEPTEMBER 16TH, 2010
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DOW 10566.23 -6.5 (-0.06%) | NASDAQ 2293.72 -7.6 (-0.33%) | S&P 500 1120.88 -4.19 (-0.37%)
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Time of Screening :
9/16/2010 12:08:45 PM Report Released :
9/16/2010 1:20:18 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 |
CMG
- NYSE
Chipotle Mexican Grill
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$165.58
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-4.08
-2.40%
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$169.61
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428,779
60.10% of 50 DAV
50 DAV is 713,400
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$170.00
-2.60%
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9/1/2010 |
$158.31
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PP = $155.52
MB = $163.30 |
Most Recent Note - 9/16/2010 12:29:05 PM
G - Pulling back today after 4 consecutive gains with below average volume. Extended from prior highs in the $155 area that define chart support.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/1/2010. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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EGO
- NYSE
Eldorado Gold Corp
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$19.80
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-0.04
-0.19%
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$20.09
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2,953,473
73.09% of 50 DAV
50 DAV is 4,041,100
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$20.23
-2.12%
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8/19/2010 |
$18.25
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PP = $19.17
MB = $20.13 |
Most Recent Note - 9/16/2010 12:31:52 PM
Y - Hovering near its 52-week high, just below its "max buy" level. Prior highs in the $18-19 area define the initial chart support level to watch above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/19/2010. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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JOBS
- NASDAQ
Fifty One Job Inc Ads
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$31.59
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+2.11
7.16%
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$31.89
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296,684
332.98% of 50 DAV
50 DAV is 89,100
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$31.87
-0.88%
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9/16/2010 |
$31.59
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PP = $30.40
MB = $31.92 |
Most Recent Note - 9/16/2010 12:52:38 PM
Y - Considerable gain today has it rising from a short flat base to a new 52-week high and it traded within a penny of its 2006 high. Color code is changed to yellow. A strong close today could confirm a new technical buy signal, however it may be considered a riskier "late-stage" breakout after having impressively rallied from March '09 lows near $6.00. Noted in the recent mid-day reports - "This Chinese Commercial Services -Staffing firm's 3 latest quarterly comparisons showed good sales growth and earnings improvement better than the +25% guideline, but its annual earnings history (A criteria) has been below guidelines of the fact-based investment system."
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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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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MRX
-
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$29.63
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+0.48
1.65%
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$30.26
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871,324
71.52% of 50 DAV
50 DAV is 1,218,300
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$30.26
-2.08%
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8/12/2010 |
$26.88
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PP = $26.71
MB = $28.05 |
Most Recent Note - 9/16/2010 12:55:28 PM
G - Gapped up today and hit a new 52-week high. Prior highs in the $28 area define the initial chart support level to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/12/2010. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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PRGO
- NYSE
Perrigo Co Plc
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$63.81
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-0.62
-0.96%
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$65.38
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677,459
64.06% of 50 DAV
50 DAV is 1,057,600
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$65.38
-2.40%
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9/15/2010 |
$63.73
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PP = $64.76
MB = $68.00 |
Most Recent Note - 9/16/2010 1:04:58 PM
Y - Gapped up today and hit a new 52-week high, then quickly reversed into the red, a sign it may be encountering distributional pressure. After an orderly 5-month base, its color code was changed to yellow, while confirming gains with above average volume and a close above the pivot point cited would trigger a technical buy signal. No overhead supply remains to act as resistance. The high-ranked Medical - Generic Drugs firm's sales revenues showed a +22% increase (acceleration) in the latest quarter. It has shown very strong quarterly earnings increases and has a good annual earnings (A criteria) history.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/15/2010. Click here.
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SEC |
News |
Chart | C
A N
S L
I M
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SLW
- NYSE
Silver Wheaton Corp
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$25.17
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+0.35
1.41%
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$25.33
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3,237,227
68.69% of 50 DAV
50 DAV is 4,712,500
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$25.35
-0.71%
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8/25/2010 |
$21.40
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PP = $21.99
MB = $23.09 |
Most Recent Note - 9/16/2010 1:08:58 PM
G - Inching higher today, it has been stubbornly holding its ground after recent gains to new all-time highs. Extended from any sound base, its previous highs in the $21 area define chart support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/25/2010. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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UFPT
- NASDAQ
U F P Tech Inc
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$11.20
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+0.27
2.47%
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$11.33
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34,486
92.95% of 50 DAV
50 DAV is 37,100
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$11.59
-3.37%
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9/16/2010 |
$11.20
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PP = $11.69
MB = $12.27 |
Most Recent Note - 9/16/2010 1:18:29 PM
Y - Rallying toward its 52-week high today, and no resistance remains due to overhead supply. Color code is changed to yellow, however disciplined investors know that a technical buy signal requires a subsequent breakout on heavy volume. The 3 latest quarterly comparisons showed strong sales revenues and earnings acceleration following a streak of negative or near flat comparisons. It has an impressive annual earnings (A criteria) growth rate. Small supply of only 6.21 million shares (S criteria) outstanding can contribute to great price volatility in the event of institutional buying or selling.
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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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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VIT
-
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$29.28
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+0.07
0.24%
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$29.98
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672,626
122.88% of 50 DAV
50 DAV is 547,400
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$30.50
-4.00%
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7/8/2010 |
$25.20
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PP = $26.58
MB = $27.91 |
Most Recent Note - 9/16/2010 1:19:39 PM
G - Consolidating in a tight trading range near its all-time high. Its 50 DMA line defines chart support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/31/2010. 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 |
AHGP
- NASDAQ - METALS &; MINING - Nonmetallic Mineral Mining
Alliance Holdings Gp Lp
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$39.56 |
-1.41
-3.44%
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$42.30
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$42.30
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-6.48% |
105,436
182.42%
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57,800
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Most Recent Note for AHGP - 9/16/2010 12:15:35 PM
Started strong and then negatively reversed early today, another sign of distributional pressure. It had wedged up to new high ground on light volume when rising from its previously noted base-on-base type pattern. Latest quarter ended June 30, 2010 showed better sales and earnings increases versus the year earlier, but prior quarterly comparisons and annual earnings (A criteria) growth have not been strong and steady. Noted in earlier mid-day reports - "its fundamentals have remained below the guidelines of the investment system."
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News |
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A N
S L
I M
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ALTR
- NASDAQ - Computer Sftwr-Design
Altair Engineering Cl A
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$27.77 |
-0.07
-0.25%
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$28.09
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$29.05
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-4.41% |
7,105,666
82.52%
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8,611,200
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Most Recent Note for ALTR - 9/16/2010 12:17:39 PM
Found great support near its 200 DMA line again during its consolidation since last noted in the 7/22/10 mid-day report - "Strong leadership (L criteria) in the Semiconductor industry has recently helped many tech firms with sub par fundamentals reach new 52-week highs. ALTR has shown great sales revenues and earnings (C criteria) acceleration in recent quarterly comparisons versus the year-ago period. Its annual earnings (A criteria) history is below the guidelines of the fact-based system."
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A N
S L
I M
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ATR
- NYSE - CONSUMER NON-DURABLES - Rubber & Plastics
Aptargroup Inc
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$45.76 |
+0.04
0.09%
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$46.02
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$45.99
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-0.50% |
135,997
93.86%
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144,900
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Most Recent Note for ATR - 9/16/2010 12:22:35 PM
Hit a new 52-week high today with its 7th consecutive gain backed by ever-increasing volume. There is no resistance remaining due to overhead supply. Earnings increases have been above the +25% guideline in the past 2 quarterly reports versus the year earlier with improving sales. Prior growth was slow and steady. Its annual earnings(the A criteria) included a downturn in FY '09, a flaw with respect to the fact-based investment system.
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A N
S L
I M
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ILMN
- NASDAQ - DRUGS - Biotechnology
Illumina Inc
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$48.91 |
+1.93
4.11%
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$49.18
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$49.18
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-0.55% |
1,270,779
119.83%
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1,060,500
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Most Recent Note for ILMN - 9/16/2010 12:44:32 PM
Considerable gain today for a new 52-week and multi-year high. Sales revenues and earnings growth slumped below guidelines after it was dropped from the Featured Stocks list on 6/17/09. It had just been featured in the May 2009 issue of CANSLIM.net News (read here).
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A N
S L
I M
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OPEN
- NASDAQ - INTERNET - Internet Software & Services
Opentable Inc
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$66.54 |
+3.74
5.96%
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$67.33
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$67.32
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-1.16% |
836,256
298.56%
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280,100
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Most Recent Note for OPEN - 9/16/2010 12:57:27 PM
Gapped up today hitting another new 52-week high, getting more extended from prior chart highs and away from any sound base. Noted in recent mid-day reports - "The C criteria is satisfied as earnings and sales revenues increases have been strong the 4 latest quarterly comparisons versus the year ago period. It got off to a very volatile start after its 5/11/09 IPO at $20, and it slumped for more than 4 months after it completed a Secondary Offering on 9/23/09. The company's management still owns a 32% stake in its shares and top-rated funds owning shares rose from 50 in Sep '09 to 79 in Jun '10."
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I M
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SINA
- NASDAQ - INTERNET - Internet Software & Services
Sina Corporation
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$47.75 |
+1.84
4.01%
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$47.99
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$47.99
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-0.50% |
1,828,824
204.59%
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893,900
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Most Recent Note for SINA - 9/16/2010 1:06:39 PM
Hit a new 52-week high today. Noted in the 9/15/10 mid-day report - "Earnings and sales have improved in recent quarters, however its prior comparisons and its annual earnings history (A criteria) are below guidelines."
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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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