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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, SEPTEMBER 22ND, 2010
Previous Mid Day Report Next Mid Day Report >>>
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DOW 10740.15 -20.88 (-0.19%) | NASDAQ 2331.23 -18.12 (-0.77%) | S&P 500 1134.51 -5.27 (-0.46%)
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Time of Screening :
9/22/2010 12:27:34 PM Report Released :
9/22/2010 2:07:07 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 |
HS
-
|
$24.10
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-0.17
-0.70%
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$24.37
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489,409
71.99% of 50 DAV
50 DAV is 679,800
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$24.65
-2.23%
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8/27/2010 |
$19.91
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PP = $19.75
MB = $20.74 |
Most Recent Note - 9/22/2010 1:05:13 PM
G - Support to watch is prior chart highs in the $19-20 area. Disciplined investors do not chase stocks that are extended from a sound base.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/27/2010. Click here.
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A N
S L
I M
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JOBS
- NASDAQ
Fifty One Job Inc Ads
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$36.20
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-0.75
-2.03%
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$37.56
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143,252
112.27% of 50 DAV
50 DAV is 127,600
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$37.60
-3.72%
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9/16/2010 |
$31.59
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PP = $30.40
MB = $31.92 |
Most Recent Note - 9/22/2010 1:09:38 PM
G - Pulling back into the red after an early gain today for a new 52-week high. Very extended from a sound base, its 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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SEC |
News |
Chart | C
A N
S L
I M
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NEM
- NYSE
Newmont Mining Corp
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$64.88
|
+0.75
1.17%
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$65.50
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5,036,099
79.70% of 50 DAV
50 DAV is 6,318,700
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$65.50
-0.95%
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8/31/2010 |
$61.32
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PP = $63.48
MB = $66.65 |
Most Recent Note - 9/22/2010 1:18:26 PM
Y - Gapped up and hit a new all-time high today. A positive reversal and strong close on the prior session helped it rally above its pivot point for a gain with +48% above average volume. Technically the breakout was near the minimum volume guideline for a proper buy signal. No overhead supply remains to hinder its progress. Leadership in the Mining - Gold/Silver/Gems group (L criteria) is a nice reassurance.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/14/2010. Click here.
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A N
S L
I M
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NEOG
- NASDAQ
Neogen Corp
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$32.45
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-0.05
-0.15%
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$32.60
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58,846
58.67% of 50 DAV
50 DAV is 100,300
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$32.95
-1.52%
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9/1/2010 |
$30.79
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PP = $30.49
MB = $32.01 |
Most Recent Note - 9/22/2010 1:22:04 PM
G- Pulling back from it 52-week high hit on the prior session. Reports earnings news on Thursday, September 23rd. Prior highs in the $30 area define initial support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/20/2010. Click here.
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A N
S L
I M
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NFLX
- NASDAQ
Netflix Inc
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$156.01
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+8.81
5.98%
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$156.36
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4,695,333
96.04% of 50 DAV
50 DAV is 4,888,800
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$156.67
-0.42%
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8/10/2010 |
$124.05
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PP = $124.00
MB = $130.20 |
Most Recent Note - 9/22/2010 1:23:58 PM
G - Gapped up today, hitting new all-time highs. Prior highs define important support to watch along with an upward trendline that comes into play well above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/10/2010. Click here.
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SEC |
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A N
S L
I M
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ORCL
- NYSE
Oracle Corp
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$27.12
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+0.30
1.12%
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$27.17
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29,736,735
86.41% of 50 DAV
50 DAV is 34,412,000
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$27.63
-1.85%
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9/20/2010 |
$27.32
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PP = $26.73
MB = $28.07 |
Most Recent Note - 9/22/2010 1:26:11 PM
Y - Rising today after slumping near its pivot point. A "breakaway gap" on 9/17/10 was backed by 5 times average volume, and it was featured in yellow in the 9/20/10 mid-day report.. 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.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/20/2010. Click here.
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SEC |
News |
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A N
S L
I M
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SLW
- NYSE
Silver Wheaton Corp
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$25.52
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+0.37
1.45%
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$25.75
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5,386,438
110.21% of 50 DAV
50 DAV is 4,887,500
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$25.75
-0.91%
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8/25/2010 |
$21.40
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PP = $21.99
MB = $23.09 |
Most Recent Note - 9/22/2010 1:37:38 PM
G - Small gap up today for a new all-time high. 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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A N
S L
I M
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SVR
-
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$23.60
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+0.82
3.60%
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$23.92
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587,844
83.89% of 50 DAV
50 DAV is 700,700
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$23.92
-1.34%
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9/22/2010 |
$23.60
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PP = $23.87
MB = $25.06 |
Most Recent Note - 9/22/2010 1:48:35 PM
Y - Spiked up to a new 52-week high earlier today. It has formed a saucer-like base in the past 9 weeks that included a couple of weeks trading under its 50 DMA line. It found support near prior chart highs following the previously noted 7/13/10 breakaway gap to a new multi-year high. Recent quarterly comparisons show encouraging sales revenues and earnings acceleration versus the year-ago periods. Up and down annual earnings history (A criteria) remains a concern.
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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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
AAPL
- NASDAQ - COMPUTER HARDWARE - Personal Computers
Apple Inc
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$286.66 |
+2.89
1.02%
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$287.97
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$287.98
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-0.46% |
12,420,790
62.75%
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19,792,800
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Most Recent Note for AAPL - 9/22/2010 12:43:15 PM
At a new all-time high today, it recently rallied above prior highs with gains backed by slightly above average volume. Fundamentals are strong and it may go on to produce greater gains, however it did not trigger a proper technical buy signal recently. Found support above its 200 DMA line since last noted in the mid-day report on 8/20/10 that - "A rally above its 50 DMA line and recent high near $266 is needed for its outlook to improve."
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I M
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AZO
- NYSE - RETAIL - Auto Parts Stores
Autozone Inc
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$222.03 |
+5.01
2.31%
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$222.20
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$222.87
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-0.38% |
341,400
61.78%
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552,600
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Most Recent Note for AZO - 9/22/2010 12:44:35 PM
Rallying today after enduring some distributional pressure at its 52-week high. Steadily climbing this year, it was noted in several mid-day reports in June-July that its earnings increases have been near borderline with the minimum guidelines in the past 3 quarters while sales revenues have increased by only +1-10% in the past 4 quarterly comparisons. While consumers are fixing their old cars and holding off on new car purchases, AZO and similar players in the auto-repair arena have shown great leadership and strong relative strength. Guidelines of the investment system, however, call for current earnings per share +25% or more, and acceleration in recent quarters is important. Also, quarterly sales should also be up at least +18%, +25% or more and ideally accelerating over prior quarters.
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BBD
- NYSE - BANKING - Foreign Regional Banks
Banco Bradesco Sa Adr
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$19.15 |
+0.14
0.74%
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$19.38
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$19.44
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-1.49% |
6,883,381
77.55%
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8,876,200
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Most Recent Note for BBD - 9/22/2010 12:48:54 PM
This Brazilian bank is near its 52-week high today and in close striking range of its all-time high. Recently broke out from a base-on-base type pattern with a solid 9/13/10 gain. The Banks -Foreign industry group's current Group Relative Strength rating is 98, and leadership is reassuring concerning the L criteria. Recent quarterly comparisons show earnings increases above the +25% guideline, but a downward turn in its FY '09 earnings hurts is annual earnings (A criteria) track record.
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CEVA
- NASDAQ - ELECTRONICS - Semiconductor - Specialized
Ceva Inc
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$13.84 |
-0.21
-1.49%
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$14.01
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$14.13
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-2.05% |
126,209
100.40%
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125,700
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Most Recent Note for CEVA - 9/22/2010 12:51:39 PM
Pulling back today after a big gain and new 52-week high with heavy volume on the prior session. Noted in the mid-day report on 9/17/10 - "Holding its ground but churning above average volume near its 52-week high and new all-time high is indicative of distributional pressure since noted in 9/14/10 mid-day report - 'Rising above stubborn resistance in the $13 area with no overhead supply remaining to hinder its progress. Sales (+16%) and earnings (+50%) increases in the June 30, 2010 ended quarter showed acceleration after streak of comparisons showing weak or negative sales revenues versus the year ago period. It has a good annual earnings (A criteria) history.'"
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ENR
- NYSE - MANUFACTURING - Industrial Electrical Equipmen
Energizer Holdings Inc
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$70.92 |
+0.91
1.30%
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$72.50
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$72.60
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-2.31% |
596,312
90.64%
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657,900
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Most Recent Note for ENR - 9/22/2010 12:55:37 PM
Gapped up today and hit a new 52-week high. Earnings and sales growth history has been below the guidelines of the fact-based system. Current earnings per share should be up +25% or more and in many cases accelerating in recent quarters. Quarterly sales revenues should also be up +18-25% or greater or show impressive acceleration. Research shows that earnings growth is the single most important indicator of a stock's potential to make a big price move. The stocks you select should show a major percentage increase in current quarterly earnings per share (the most recently reported quarter) when compared to the prior year's same quarter.
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EW
- NYSE - HEALTH SERVICES - Medical Appliances & Equipment
Edwards Lifesciences Cp
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$58.70 |
-0.65
-1.10%
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$59.39
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$61.56
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-4.65% |
918,859
92.29%
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995,600
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Most Recent Note for EW - 9/22/2010 12:56:24 PM
Rallied above its 50 DMA line on 9/21/10 after enduring damaging distribution in recent weeks. Noted in prior mid-day reports - "Endured numerous distribution days since March yet it held up well, and on 5/28/10 its share price was impacted by a 2:1 split . The Medical - Products firm has a slow but steady annual earnings history. Quarterly sales revenues and earnings increases have been below guidelines. With respect to the N criteria, explosive sales revenues increases would be a true indication of great or growing demand for any company's products."
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FDS
- NYSE - COMPUTER SOFTWARE & SERVICES - Information & Delivery Service
Factset Research Sys Inc
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$82.39 |
-1.71
-2.03%
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$83.66
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$84.79
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-2.84% |
191,455
62.42%
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306,700
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Most Recent Note for FDS - 9/22/2010 12:58:31 PM
Perched near its all-time high. Sales revenues and earnings history below guidelines.
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GOLD
- NYSE - METALS & MINING - Gold
Barrick Gold Corporation
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$101.87 |
+1.19
1.18%
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$102.71
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$102.71
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-0.82% |
698,820
103.84%
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673,000
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Most Recent Note for GOLD - 9/22/2010 1:02:09 PM
No overhead supply remains to act as resistance today as it posts a 5th consecutive small gain and hits new all-time highs. Noted in the recent mid-day reports - "Earnings increases (C criteria) in the past 4 quarterly comparisons have been greater than the +25% minimum guideline, but its up and down annual earnings (A criteria) history is a concern. Disciplined investors might consider other high-ranked leaders from the Mining - Gold/Silver/Gems group currently listed on the Featured Stocks page."
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JKS
- NYSE - ENERGY - Other
Jinkosolar Hldg Co Ads
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$30.35 |
-0.46
-1.49%
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$31.89
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$31.89
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-4.83% |
530,412
101.98%
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520,100
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Most Recent Note for JKS - 9/22/2010 1:08:02 PM
Hit yet another new all-time high today then reversed into the red, and a loss may break its streak of 7 consecutive gains. Noted in recent mid-day reports -"Extended from any sound base and well up from its $11 IPO on 5/14/10 after a streak of consecutive gains. Limited sales and earnings history is below guidelines. "
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NTCT
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Netscout Systems Inc
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$19.70 |
+0.00
0.00%
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$19.82
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$19.85
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-0.76% |
132,414
61.05%
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216,900
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Most Recent Note for NTCT - 9/22/2010 1:24:57 PM
Hitting new multi-year highs again this week 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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SCOR
- NASDAQ - DIVERSIFIED SERVICES - Research Services
Comscore Inc
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$22.41 |
+0.15
0.67%
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$22.99
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$22.99
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-2.52% |
189,192
116.28%
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162,700
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Most Recent Note for SCOR - 9/22/2010 1:35:47 PM
Following a considerable gain on 9/20/10 with heavy volume it hit another new 52-week high today then reversed into the red. Noted in 9/17/10 mid-day report - "Annual and quarterly earnings history are below guidelines."
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SLH
- NYSE - REAL ESTATE - REIT - Hotel/Motel
Solera Holdings Inc
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$42.48 |
+0.06
0.14%
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$42.54
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$43.14
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-1.53% |
274,407
59.90%
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458,100
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Most Recent Note for SLH - 9/22/2010 1:36:58 PM
Consolidating after recent gains for new 52-week highs without great volume conviction. No overhead supply remains to act as resistance. It has a strong annual earnings (A criteria) history and showed very strong earnings per share increases in recent quarters, but its sub par sales revenues growth is a concern.
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TIBX
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Tibco Software Inc
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$15.88 |
-0.52
-3.17%
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$16.42
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$16.52
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-3.87% |
2,471,844
86.11%
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2,870,500
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Most Recent Note for TIBX - 9/22/2010 1:51:15 PM
Pulling back today from a new 52-week high on the prior session. It is extended from the 5-week flat base it cleared when last noted in the 8/31/10 mid-day report. Leadership (L criteria) in the Computer Software - Database group is reassuring. The 2 most recent quarterly comparisons have featured better than +25% earnings increases with accelerating sales revenues growth, and it also has a good annual earnings (A criteria) history.
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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.
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