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 MIDDAY BREAKOUTS REPORT - MONDAY, SEPTEMBER 20TH, 2010
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DOW 10706.43 98.58 (0.93%) | NASDAQ 2338.57 22.96 (0.99%) | S&P 500 1136.91 11.32 (1.01%)
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Time of Screening :
9/20/2010 12:14:03 PM Report Released :
9/20/2010 1:30:45 PM
Price is:
Above 52W High and Less Than 52W High
but within 5% of the 52 Week High
Volume Is:
At least 75% 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 |
EGO
- NYSE
Eldorado Gold Corp
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$19.27
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-0.22
-1.13%
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$19.58
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3,425,589
82.87% of 50 DAV
50 DAV is 4,133,600
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$20.23
-4.75%
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8/19/2010 |
$18.25
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PP = $19.17
MB = $20.13 |
Most Recent Note - 9/20/2010 12:33:08 PM
Y - Pulling back again today after a loss on the prior session with above average volume was noted as a sign of distributional pressure. 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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SEC |
News |
Chart | C
A N
S L
I M
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IGTE
- NASDAQ
Igate Corp
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$18.89
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+1.27
7.21%
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$18.92
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393,343
94.35% of 50 DAV
50 DAV is 416,900
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$18.95
-0.32%
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9/8/2010 |
$17.29
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PP = $18.26
MB = $19.17 |
Most Recent Note - 9/20/2010 12:41:11 PM
Y - Gapped up today and it has rallied above its pivot point to a new 52-week high. Found prompt support at its 50 DMA line on the prior session. No overhead supply remains to act as resistance after its "late stage" base pattern.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/10/2010. 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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$34.89
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-1.12
-3.11%
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$36.00
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195,369
172.59% of 50 DAV
50 DAV is 113,200
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$36.19
-3.59%
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9/16/2010 |
$31.59
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PP = $30.40
MB = $31.92 |
Most Recent Note - 9/20/2010 12:42:54 PM
G - Pulling back today after 2 considerable gains with heavy volume. Prior highs in the $30 area define chart support now.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/16/2010. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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ORCL
- NYSE
Oracle Corp
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$27.32
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-0.16
-0.58%
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$27.57
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25,515,234
78.57% of 50 DAV
50 DAV is 32,474,200
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$27.63
-1.12%
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9/20/2010 |
$27.32
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PP = $26.73
MB = $28.07 |
Most Recent Note - 9/20/2010 1:09:12 PM
Y - Pulling back today after a "breakaway gap" on the prior session with 5 times average volume. It has maintained a strong annual earnings (A criteria) history and sales revenues and earnings increases have shown impressive acceleration in its recent quarterly comparisons. Large supply of 5.03 billion shares outstanding makes it an unlikely sprinter.
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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SEC |
News |
Chart | C
A N
S L
I M
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ROVI
- NASDAQ
Rovi Corp
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$45.35
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+2.79
6.56%
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$47.14
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3,209,753
278.82% of 50 DAV
50 DAV is 1,151,200
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$47.19
-3.90%
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8/31/2010 |
$43.31
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PP = $45.06
MB = $47.31 |
Most Recent Note - 9/20/2010 1:09:56 PM
Y - Color code was changed to yellow after a gap up today helped it trade back above its pivot point and hit a new 52-week high. Following a violation of its 50 DMA line, its close in the upper third of its intra-day range on 9/17/10 was a reassuring sign of prompt support near that important short-term average.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/24/2010. 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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$11.36
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+0.13
1.16%
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$11.37
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31,987
83.08% of 50 DAV
50 DAV is 38,500
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$11.59
-1.98%
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9/16/2010 |
$11.20
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PP = $11.69
MB = $12.27 |
Most Recent Note - 9/20/2010 1:16:03 PM
Y - Posting a 6th consecutive gain today, and no resistance remains due to overhead supply. Disciplined investors know that a proper technical buy signal requires a breakout on heavy volume.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/17/2010. Click here.
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SEC |
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A N
S L
I M
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VIT
-
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$30.31
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+0.89
3.03%
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$30.50
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427,340
79.58% of 50 DAV
50 DAV is 537,000
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$30.50
-0.62%
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7/8/2010 |
$25.20
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PP = $26.58
MB = $27.91 |
Most Recent Note - 9/20/2010 1:17:59 PM
G - Gain today after gapping up helped it match 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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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 |
ASPS
- NASDAQ - REAL ESTATE - Property Management/Developmen
Altisource Ptf Sltns Sa
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$27.49 |
+0.37
1.36%
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$27.56
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$28.83
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-4.65% |
100,900
91.98%
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109,700
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Most Recent Note for ASPS - 9/20/2010 12:29:24 PM
Luxembourg-based Financial Services firm is building a base above its 50 DMA line, now perched -5% from its 52-week high. The number of top-rated funds owning its shares fell from 47 in Sep '09 to 34 in Jun '10. C criteria is satisfied as recent quarterly comparisons had big sales and earnings increases versus the year ago period. Its Sep '09 quarter and FY '09 earnings results have blue triangles beside the earnings figure on the graph service used by our experts indicating that pre-tax, non-recurring items were included (where possible, such items are normally removed to provide data better suited for comparison). Noted in prior mid-day reports -"Annual earnings (A criteria) history has been up and down and needs additional review."
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CBRL
- NASDAQ - LEISURE - Restaurants
Cracker Barrl Old Cnt St
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$51.29 |
+0.86
1.71%
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$51.87
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$53.43
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-4.01% |
327,260
122.43%
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267,300
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Most Recent Note for CBRL - 9/20/2010 12:31:30 PM
Rising since its previously noted 9/14/10 gap up gain with above average volume, trading above recent chart highs and approaching its 52-week high. Rallying above a multi-month downward trendline after finding support at its 200 DMA line in August. Earnings and sales revenues growth has been sluggish in recent quarterly comparisons and it has a slow but steady annual earnings (A criteria) history.
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A N
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I M
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GSM
- NASDAQ - METALS & MINING - Steel & Iron
Globe Specialty Metals
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$13.74 |
-0.05
-0.38%
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$13.94
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$14.00
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-1.86% |
404,656
94.08%
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430,100
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Most Recent Note for GSM - 9/20/2010 12:39:03 PM
Holding its ground after a "breakaway gap" on the prior session. Sales revenues and earnings increases in the quarter ended June 30, 2010 were impressive but prior quarters and its annual earnings (A criteria) history are below guidelines of the fact based investment system.
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A N
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I M
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MGLN
- NASDAQ - HEALTH SERVICES - Hospitals
Magellan Health Services
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$45.13 |
+0.13
0.29%
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$45.62
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$46.62
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-3.20% |
244,856
91.30%
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268,200
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Most Recent Note for MGLN - 9/20/2010 12:51:05 PM
Endured distributional pressure last week after recently wedging to to 52-week highs. Annual earnings (A criteria) history has been up and down since the company reorganized (01/06/04). Recent quarterly earnings increases (C criteria) have been well above the +25% guideline whiles sales revenues increases in the +17-18% range in the Mar and Jun '10 periods were an improvement from prior lackluster comparisons.
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NTCT
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Netscout Systems Inc
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$19.21 |
+0.77
4.18%
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$19.35
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$19.35
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-0.72% |
266,386
130.90%
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203,500
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Most Recent Note for NTCT - 9/20/2010 12:53:05 PM
Hitting new multi-year highs again today, and no overhead supply remains to act as resistance. Noted in recent mid-day reports - "Quarterly sales revenues and earnings are below the investment system guidelines. Based on weak action it was dropped from the Featured Stocks list on 9/15/08, soon after featured in the September 2008 issue of CANSLIM.net News (see here). First featured in the August '07 CANSLIM.net News (read here)."
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OPEN
- NASDAQ - INTERNET - Internet Software & Services
Opentable Inc
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$64.98 |
-0.21
-0.32%
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$66.36
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$67.33
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-3.49% |
398,909
123.16%
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323,900
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Most Recent Note for OPEN - 9/20/2010 12:59:34 PM
Disciplined investors avoid chasing stocks and may patiently watch for secondary buy points to develop. Extended from prior chart highs with no sound base, it was 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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SINA
- NASDAQ - INTERNET - Internet Software & Services
Sina Corporation
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$49.10 |
+1.09
2.27%
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$49.22
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$51.00
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-3.73% |
872,110
79.79%
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1,093,000
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Most Recent Note for SINA - 9/20/2010 1:12:37 PM
Holding its ground near its 52-week high. Technically it broke out last week with powerful gains on heavy volume and it was noted in 3 prior mid-day reports - "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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THI
- NYSE - LEISURE - Specialty Eateries
Tim Hortons Inc
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$37.11 |
+0.71
1.95%
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$37.58
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$37.60
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-1.30% |
126,891
80.77%
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157,100
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Most Recent Note for THI - 9/20/2010 1:14:13 PM
The donut retailer hit another new 52-week high today. Noted in recent mid-day reports - "Annual and quarterly earnings history (C and A criteria) is not meeting the fact-based investment system's 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.
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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