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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, SEPTEMBER 28TH, 2011
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DOW 11262.28 71.59 (0.64%) | NASDAQ 2543.67 -3.16 (-0.12%) | S&P 500 1178.49 3.11 (0.26%)
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Time of Screening :
9/28/2011 12:11:29 PM Report Released :
9/28/2011 12:41:54 PM
Price is:
Above 52W High and Less Than 52W High
but within 15% 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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NONE OF OUR FEATURED STOCKS MET TODAY'S SCREENING CRITERIA FOR VOLUME AND PRICE ACTION.
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
ACN
- NYSE - DIVERSIFIED SERVICES - Business/Management Services
Accenture Plc
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$55.25 |
+1.60
2.98%
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$56.30
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$63.66
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-13.21% |
4,416,064
69.57%
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6,347,500
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Most Recent Note for ACN - 9/28/2011 12:15:45 PM
Gapped up today with its 4th consecutive gain, rising above its converging 50 and 200 DMA lines. Reported earnings +38% on +23% sales revenues for the quarter ended August 31, 2011 versus the year ago period, and recent quarterly comparisons show encouraging acceleration. It has not formed a sound base pattern and still faces overhead supply that may act as resistance up through the $63 area. Since it was dropped from the Featured Stocks list on 9/11/08 it survived but failed to impress.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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BWLD
- NASDAQ - LEISURE - Restaurants
Buffalo Wild Wings Inc
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$64.15 |
+1.22
1.94%
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$65.47
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$69.52
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-7.72% |
325,239
71.32%
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456,000
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Most Recent Note for BWLD - 9/28/2011 12:20:45 PM
Gapped up today for its 3rd consecutive gain, rising from support near its 200 DMA line. It has the look of an ominous head-and-shoulders pattern formed over the past 5 months. Reported earnings +16% on +26% sales revenues for the quarter ended June 30, 2011 versus the year ago period. The company has a strong annual earnings history (A criteria). The C criteria has not been well satisfied by +25% earnings increases in quarterly comparisons. Blue triangles beside the quarterly earnings figure in at least the past 8 comparisons indicate pre-tax, non-recurring items were included (where possible, such items are normally removed to provide data better suited for comparison). The restaurant operator survived but failed to impress as it went through several long and very deep corrections since it was dropped from the CANSLIM.net Featured Stocks List on 8/15/2007.
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SEC |
News |
Chart | C
A N
S L
I M
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FDO
- NYSE - RETAIL - Discount, Variety Stores
Family Dollar Stores
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$54.46 |
+0.28
0.52%
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$55.89
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$57.71
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-5.63% |
1,530,227
99.68%
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1,535,200
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Most Recent Note for FDO - 9/28/2011 12:21:42 PM
Still consolidating within close striking distance of its 52-week high today. Rebounding after slumping below its 200 DMA line since noted in the 7/29/11 mid-day report - "The C criteria is not satisfied. Since noted on 11/16/10 in the mid-day report it gapped down and undercut its 200 DMA line before rebounding impressively. Noted in the 7/28/10 mid-day report - 'Rising from a 'double bottom' base and touching a new 52-week high amid headlines of an activist fund manager reportedly holding a 6.6% stake in the firm. As noted previous mid-day report appearances in May '10 and Apr '09, still its sales revenues and earnings growth history below guidelines.'"
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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FINL
- NASDAQ - RETAIL - Apparel Stores
Finish Line Inc Cl A
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$21.07 |
-0.73
-3.35%
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$21.87
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$23.64
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-10.87% |
562,499
63.36%
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887,800
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Most Recent Note for FINL - 9/28/2011 12:23:31 PM
Pulling back today following 3 consecutive gains with above average volume, recently rebounding from below its 50 DMA and 200 DMA lines. The 9/27/11 mid-day report noted - "Sales revenues and earnings increases in recent quarterly comparisons have been below the guidelines of the fact-based investment system."
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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HXL
- NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services
Hexcel Corp
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$22.01 |
+0.17
0.78%
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$22.42
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$25.68
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-14.29% |
689,257
61.62%
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1,118,500
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Most Recent Note for HXL - 9/28/2011 12:28:59 PM
Consolidating above its 50 and 200 DMA lines now. There was an abrupt slump below both important moving averages from its 52-week high which was hit when last noted in the 7/26/11 mid-day report - "Recent quarterly comparisons show strong earnings increases and sales revenues growth accelerating, but its annual earnings (A criteria) history has been up and down and below the fact-based investment system's guidelines."
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SEC |
News |
Chart | C
A N
S L
I M
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LQDT
- NASDAQ - INTERNET - Internet Software &; Services
Liquidity Services Inc
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$34.49 |
+3.20
10.23%
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$34.52
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$34.66
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-0.49% |
494,146
138.18%
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357,600
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Most Recent Note for LQDT - 9/28/2011 12:35:17 PM
A volume-driven gain today has it blasting to new 52-week and all-time highs. It recently held its ground above prior highs following its considerable gain on 9/01/11 news it will buy operations from Jacobs Trading for up to $170 Million. Quarterly earnings increases have been erratic and its annual earnings had a downward turn in FY '09 which is a flaw concerning the A criteria. Prior mid-day reports noted -"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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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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NUAN
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Nuance Communications
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$20.95 |
+0.05
0.24%
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$21.38
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$22.93
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-8.63% |
2,307,934
105.12%
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2,195,500
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Most Recent Note for NUAN - 9/28/2011 12:39:40 PM
Gains this week helped it rally within striking distance of its 52-week high. It failed to make progress then badly slumped and violated its 50 and 200 DMA lines with damaging volume-driven losses since last noted in the 5/17/11 mid-day report - "It survived but failed to impress since last noted when weak action prompted it to be dropped from the Featured Stocks list on 12/12/07."
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SEC |
News |
Chart | C
A N
S L
I M
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STMP
- NASDAQ - Retail-Internet
Stamps.com Inc
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$21.86 |
+0.45
2.10%
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$22.74
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$25.24
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-13.39% |
207,822
71.51%
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290,600
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Most Recent Note for STMP - 9/28/2011 12:41:28 PM
Perched -15% off its 52-week high today, consolidating following a previously noted spurt of considerable volume-driven gains. It is extended from its prior base following an earlier "breakaway gap" on 7/29/11 while prior mid-day reports have repeatedly 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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A N
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I M
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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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are the property of their respective owners, and are
likewise used for identification purposes only.
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