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MIDDAY BREAKOUTS REPORT - FRIDAY, SEPTEMBER 24TH, 2010
Previous Mid Day Report Next Mid Day Report >>>
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DOW 10847.46 185.04 (1.74%) | NASDAQ 2373.73 46.65 (2.00%) | S&P 500 1145.83 21 (1.87%)
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Time of Screening :
9/24/2010 12:04:39 PM Report Released :
9/24/2010 1:11:46 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 |
Max Buy |
ASPS
- NASDAQ
Altisource Ptf Sltns Sa
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$30.00
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+0.57
1.94%
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$30.20
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103,193 93.47% of 50 DAV
50 DAV is 110,400
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$30.20 -0.66%
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9/23/2010 |
$28.36
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PP = $28.90 MB = $30.35 |
Most Recent Note - 9/24/2010 12:07:58 PM
Y - Up again today, it triggered a technical buy signal on 9/23/10 with a considerable gain on nearly 4 times average volume. No overhead supply remains as this Luxembourg-based Financial Services firm spiked to a new 52-week high after it was featured in yellow in the mid-day report (read here) while building on an orderly 9-week flat base above its 50 DMA line. 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). The number of top-rated funds owning its shares fell from 47 in Sep '09 to 35 in Jun '10. It did not make significant progress since noted in February 2010 mid-day reports -"Annual earnings (A criteria) history has been up and down and needs additional review."
>>> The latest Featured Stock Update with an annotated graph appeared on 9/23/2010. Click here.
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BIDU
- NASDAQ
Baidu Inc Ads
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$97.20
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+2.17
2.28%
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$97.35
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7,142,694 75.77% of 50 DAV
50 DAV is 9,426,300
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$97.35 -0.15%
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9/17/2010 |
$85.73
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PP = $88.42 MB = $92.84 |
Most Recent Note - 9/24/2010 12:14:26 PM
G - Up again today with its 5th consecutive gain. Color code was changed to green as it gets extended from prior highs by more than +5%. Prior highs in the $88 area define support now.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/13/2010. Click here.
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A N
S L
I M
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CTRP
- NASDAQ
Ctrip.com Intl Ltd Adr
|
$46.75
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+1.91
4.26%
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$47.29
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1,398,450 79.68% of 50 DAV
50 DAV is 1,755,000
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$47.29 -1.14%
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9/24/2010 |
$46.75
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PP = $47.11 MB = $49.47 |
Most Recent Note - 9/24/2010 12:32:40 PM
Y - Hit a new 52-week high today with its 6th consecutive gain. Color code is changed to yellow with its pivot point based on is 52-week high plus ten cents. No overhead supply remains to act as resistance, but it has not triggered a sound technical buy signal. The action has been choppy since it was dropped from the Featured Stocks list on 5/06/10. Quarterly and annual earnings history has been strong (good C and A criteria). Since last noted in 6/22/10 mid-day report leadership (L criteria) has improved in the stock's Industry Group (Leisure - Travel Booking).
>>> The latest Featured Stock Update with an annotated graph appeared on 4/12/2010. Click here.
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EBIX
- NASDAQ
Ebix Inc
|
$22.77
|
+1.13
5.22%
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$23.00
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586,719 133.80% of 50 DAV
50 DAV is 438,500
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$23.00 -1.00%
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9/23/2010 |
$21.78
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PP = $22.74 MB = $23.88 |
Most Recent Note - 9/24/2010 12:33:37 PM
Y - Gapped up today and it is trading near its pivot point after a strong close on the prior session. Recent quarterly sales revenues and earnings increases have been strong. It was featured in yellow in the 9/23/10 mid-day report (read here) and noted - "It may encounter resistance near its old high and form a handle after its recent rally. It has formed a large cup shaped pattern in the past year, maintaining strong fundamentals since it was dropped from the Featured Stocks list on 11/05/09."
>>> The latest Featured Stock Update with an annotated graph appeared on 11/2/2009. Click here.
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HS
-
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$25.64
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+0.73
2.93%
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$26.28
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510,526 75.10% of 50 DAV
50 DAV is 679,800
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$26.28 -2.44%
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8/27/2010 |
$19.91
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PP = $19.75 MB = $20.74 |
Most Recent Note - 9/24/2010 12:40:41 PM
G - Hit a new 52-week high and all-time high with today's 6th consecutive gain. 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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JOBS
- NASDAQ
Fifty One Job Inc Ads
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$38.74
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+1.26
3.36%
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$38.97
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104,281 81.72% of 50 DAV
50 DAV is 127,600
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$38.97 -0.59%
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9/16/2010 |
$31.59
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PP = $30.40 MB = $31.92 |
Most Recent Note - 9/24/2010 12:41:59 PM
G - Hit another new 52-week high today. 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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NFLX
- NASDAQ
Netflix Inc
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$164.69
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+4.22
2.63%
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$167.12
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4,704,123 96.22% of 50 DAV
50 DAV is 4,888,800
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$167.12 -1.45%
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8/10/2010 |
$124.05
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PP = $124.00 MB = $130.20 |
Most Recent Note - 9/24/2010 12:51:50 PM
G - Gapped up again today, hitting new all-time highs, getting more extended from a sound base. 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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PRGO
- NYSE
Perrigo Co Plc
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$66.94
|
+2.71
4.22%
|
$66.98
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984,570 93.46% of 50 DAV
50 DAV is 1,053,500
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$67.11 -0.25%
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9/15/2010 |
$63.73
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PP = $64.76 MB = $68.00 |
Most Recent Note - 9/24/2010 12:54:17 PM
Y - Gapped up today and hit a new 52-week high, and the volume is near its average daily volume total at mid-day, running at an above average pace. To trigger a proper technical buy signal volume should be at least +50% above average with a gain above its pivot point.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/15/2010. Click here.
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SLW
- NYSE
Silver Wheaton Corp
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$26.80
|
+0.60
2.29%
|
$26.99
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5,254,996 107.52% of 50 DAV
50 DAV is 4,887,500
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$27.04 -0.89%
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8/25/2010 |
$21.40
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PP = $21.99 MB = $23.09 |
Most Recent Note - 9/24/2010 12:55:21 PM
G - Today's 5th consecutive gain for another new all-time high has it more extended from a sound base. Prior 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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UFPT
- NASDAQ
U F P Tech Inc
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$11.40
|
+0.10
0.88%
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$11.74
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60,204 147.56% of 50 DAV
50 DAV is 40,800
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$11.85 -3.80%
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9/16/2010 |
$11.20
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PP = $11.69 MB = $12.27 |
Most Recent Note - 9/24/2010 1:09:48 PM
Y - Enduring mild distributional pressure near its 52-week high and pivot point. No resistance remains due to overhead supply, and with only 6.21 million shares outstanding (S criteria) any institutional buying or selling can lead to greater price volatility.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/17/2010. Click here.
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VIT
-
|
$32.20
|
+0.59
1.87%
|
$32.97
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744,689 133.86% of 50 DAV
50 DAV is 556,300
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$32.97 -2.34%
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7/8/2010 |
$25.20
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PP = $26.58 MB = $27.91 |
Most Recent Note - 9/24/2010 1:11:04 PM
G - Gapped up today for a second consecutive gain with above average volume and a new all-time high. It is extended from a prior resistance level in the $26 area. 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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Symbol - Exchange - Industry Group Company Name |
Last |
Chg |
Day High |
52 WK Hi |
% From Hi |
Volume % DAV |
DAV |
ARMH
- NASDAQ - ELECTRONICS - Semiconductor - Specialized
A R M Holdings Plc Ads
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$19.80 |
+1.40
7.61%
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$19.96
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$19.96
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-0.80% |
3,930,313 116.85%
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3,363,500
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Most Recent Note for ARMH - 9/24/2010 12:06:01 PM
Gapped up today for a new 52-week high. Noted in recent mid-day reports -"No resistance remaining after recent volume-driven gains, and noted in recent mid-day reports - 'After basing above its 50 DMA line for about 5 weeks since gapping up on 7/23/10. Recent quarters show improving sales and earnings however its prior comparisons and annual earnings history (A criteria) are below the guidelines of the fact based investment system.'"
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BMA
- NYSE - BANKING - Foreign Regional Banks
Banco Macro Sa Ads
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$45.95 |
+2.70
6.24%
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$46.15
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$45.74
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0.46% |
83,258 82.76%
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100,600
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Most Recent Note for BMA - 9/24/2010 12:16:09 PM
Argentina-based bank is posting a 6th consecutive gain today for a new all-time high. It has a good annual earnings history and recent quarterly comparisons also showed strong earnings increases. It technically broke out on 7/20/10, and was noted in recent mid-day reports - "As we have noted on several other foreign banks appearing in recent mid-day reports, the lack of sales revenues growth is a concern."
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EW
- NYSE - HEALTH SERVICES - Medical Appliances & Equipment
Edwards Lifesciences Cp
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$66.70 |
-0.89 -1.32%
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$67.95
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$69.29
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-3.74% |
1,053,243 105.79%
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995,600
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Most Recent Note for EW - 9/24/2010 12:34:33 PM
Holding its grond today, it gapped up on 9/23/10 for a new 52-week high amid headlines of an encouraging FDA approval. It recently rallied above its 50 DMA line, repairing damaging distribution, and it was 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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$80.74 |
+0.81
1.01%
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$80.82
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$84.79
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-4.78% |
297,801 97.10%
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306,700
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Most Recent Note for FDS - 9/24/2010 12:35:05 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
|
$101.89 |
+0.59
0.58%
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$103.45
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$103.45
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-1.51% |
589,745 87.63%
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673,000
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Most Recent Note for GOLD - 9/24/2010 12:37:17 PM
No overhead supply remains to act as resistance as it is perched at all-time highs after recent gains with above average volume. 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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GSM
- NASDAQ - METALS & MINING - Steel & Iron
Globe Specialty Metals
|
$13.89 |
+0.54
4.04%
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$13.93
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$14.00
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-0.79% |
349,544 76.67%
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455,900
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Most Recent Note for GSM - 9/24/2010 12:39:00 PM
Holding its ground since a "breakaway gap" on 9/17/10. 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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LPSN
- NASDAQ - DIVERSIFIED SERVICES - Business/Management Services
Liveperson Inc
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$8.86 |
+0.53
6.36%
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$8.87
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$8.99
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-1.45% |
399,931 140.13%
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285,400
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Most Recent Note for LPSN - 9/24/2010 12:45:32 PM
Rallying near its 52-week high. Quarterly earnings per share have been below the +25% guideline and its annual earnings (A criteria) history has been erratic, including a decrease in FY '08 earnings versus the year earlier.
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LQDT
- NASDAQ - INTERNET - Internet Software &; Services
Liquidity Services Inc
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$15.71 |
+1.21
8.34%
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$15.71
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$15.75
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-0.25% |
305,486 402.48%
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75,900
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Most Recent Note for LQDT - 9/24/2010 12:47:04 PM
Gapped up today for a new 52-week high. Noted in recent mid-day reports -"Its sub par fundamentals are below the investment system guidelines. On 2/28/08 it was dropped from the CANSLIM.net Featured Stocks list and fundamentals subsequently turned south."
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NTCT
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Netscout Systems Inc
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$20.03 |
+0.61
3.14%
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$20.13
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$20.13
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-0.50% |
185,237 85.40%
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216,900
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Most Recent Note for NTCT - 9/24/2010 12:52:13 PM
Hit new multi-year highs with gains 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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STMP
- NASDAQ - Retail-Internet
Stamps.com Inc
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$12.20 |
+0.13
1.08%
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$12.24
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$12.61
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-3.25% |
40,985 86.28%
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47,500
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Most Recent Note for STMP - 9/24/2010 12:58:09 PM
Building a short flat base well above prior highs and its 50 DMA line. Sales and earnings history is below guidelines of the fact-based system.
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TIBX
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Tibco Software Inc
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$18.05 |
+1.68
10.26%
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$18.95
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$18.95
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-4.75% |
6,192,394 215.73%
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2,870,500
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Most Recent Note for TIBX - 9/24/2010 1:04:43 PM
Gapped up today for a new 52-week high, and after its latest earnings report it has a streak of 3 quarterly comparisons with +25% earnings increases with accelerating sales revenues growth. It also has a good annual earnings (A criteria) history. It is extended from the 5-week flat base it cleared when noted in the 8/31/10 mid-day report. Leadership (L criteria) in the Computer Software - Database group is reassuring. Patient investors may watch for a sound base to form and offer ideal secondary buy points.
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TQNT
- NASDAQ - ELECTRONICS - Semiconductor - Integrated Cir
Triquint Semiconductor
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$8.98 |
+0.35
4.06%
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$9.18
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$9.18
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-2.18% |
3,397,043 106.14%
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3,200,400
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Most Recent Note for TQNT - 9/24/2010 1:07:49 PM
Up today for a new 52-week high, rising after its considerable 9/22/10 breakout gain with very heavy volume. Sales revenues and earnings increases in the 3 latest quarterly comparisons showed great improvement, but its annual earnings (A criteria) since FY '07 have been flat.
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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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