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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, SEPTEMBER 29TH, 2010
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DOW 10853.82 -4.32 (-0.04%) | NASDAQ 2379.82 0.23 (0.01%) | S&P 500 1147.04 -0.66 (-0.06%)
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Time of Screening :
9/29/2010 12:18:41 PM Report Released :
9/29/2010 1:15:07 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 |
ASPS
- NASDAQ
Altisource Ptf Sltns Sa
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$30.58
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+0.77
2.57%
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$30.75
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122,280
108.40% of 50 DAV
50 DAV is 112,800
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$30.75
-0.57%
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9/23/2010 |
$28.36
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PP = $28.90
MB = $30.35 |
Most Recent Note - 9/29/2010 12:28:26 PM
G - Hitting a new 52-week high and trading above its "max buy" level, its color code is changed to green. This Luxembourg-based Financial Services firm has been strong since featured 9/23/10 in the mid-day report.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/23/2010. Click here.
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SEC |
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A N
S L
I M
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EBIX
- NASDAQ
Ebix Inc
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$23.92
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-0.08
-0.33%
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$24.60
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430,088
88.73% of 50 DAV
50 DAV is 484,700
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$24.60
-2.76%
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9/23/2010 |
$21.78
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PP = $22.74
MB = $23.88 |
Most Recent Note - 9/29/2010 12:38:16 PM
G - After a streak of consecutive gains with heavy volume it is perched at an all-time high, yet could go on to produce more climactic gains. Recent highs near $20 define chart support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/24/2010. Click here.
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Company Profile |
SEC |
News |
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A N
S L
I M
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FOSL
- NASDAQ
Fossil Group Inc
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$53.40
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-1.19
-2.18%
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$53.83
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783,616
102.13% of 50 DAV
50 DAV is 767,300
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$54.76
-2.48%
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8/10/2010 |
$45.54
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PP = $42.69
MB = $44.82 |
Most Recent Note - 9/29/2010 12:50:15 PM
G - Gapped down today for a small loss. Still near its all-time high after recent signs of distribution, an upward trendline defines initial support to watch after it has been repeatedly noted as "extended from any sound base."
>>> The latest Featured Stock Update with an annotated graph appeared on 8/11/2010. Click here.
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A N
S L
I M
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RAX
- NYSE
Rackspace Hosting Inc
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$25.78
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-0.34
-1.28%
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$26.08
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1,716,902
96.75% of 50 DAV
50 DAV is 1,774,600
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$26.50
-2.74%
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9/21/2010 |
$22.84
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PP = $23.61
MB = $24.79 |
Most Recent Note - 9/29/2010 1:07:12 PM
Y - Pulling back today following a "breakaway gap" to a new 52-week high. Noted on 9/28/10 - "A breakaway gap is one exception where chasing a stock more than +5% above prior highs is permitted. While patient investors may watch for pullbacks, no overhead supply remains to hinder its progress."
>>> The latest Featured Stock Update with an annotated graph appeared on 9/21/2010. 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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$32.50
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-0.33
-1.01%
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$33.14
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684,943
117.10% of 50 DAV
50 DAV is 584,900
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$33.30
-2.40%
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7/8/2010 |
$25.20
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PP = $26.58
MB = $27.91 |
Most Recent Note - 9/29/2010 1:12:35 PM
G - Holding its ground stubbornly at its all-time high. It is extended after rallying 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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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 |
ADTN
- NASDAQ - TELECOMMUNICATIONS - Communication Equipment
Adtran Inc
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$35.28 |
+1.44
4.26%
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$35.80
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$35.80
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-1.45% |
916,577
102.79%
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891,700
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Most Recent Note for ADTN - 9/29/2010 12:22:58 PM
Hitting another new 52 week high today. Noted in recent (July) mid-day reports after a gap up on 7/14/10 following strong earnings news - "Recent quarters show improving sales and earnings increases after negative comparisons in '09. Annual earnings (A criteria) have been up and down and below the guidelines of the fact-based system's guidelines."
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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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$30.38 |
+0.03
0.08%
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$30.97
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$30.97
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-1.91% |
14,755,301
165.42%
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8,919,800
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Most Recent Note for ALTR - 9/29/2010 12:26:33 PM
Hitting another new 52-week high today, and recent gains have been marked by heavy volume. It found great support near its 50 DMA line since noted in the 9/16/10 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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DAVE
- NASDAQ - LEISURE - Restaurants
Famous Dave's Of America
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$9.55 |
+0.16
1.70%
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$9.61
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$9.69
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-1.44% |
17,679
78.92%
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22,400
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Most Recent Note for DAVE - 9/29/2010 12:31:43 PM
Near its 52-week high today, having built another long base since last noted on 4/12/10 in the mid-day report after rising from an orderly 10-month flat base with multiple gains backed by above average volume - "Sales and earning history are below the investment system's guidelines."
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DORM
- NASDAQ - AUTOMOTIVE - Auto Parts
Dorman Products Inc
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$29.62 |
+0.83
2.88%
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$29.89
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$29.89
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-0.91% |
52,207
108.76%
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48,000
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Most Recent Note for DORM - 9/29/2010 12:35:09 PM
Up today after noted in the 9/28/10 mid-day report - "Churning heavy volume at its 52-week high today, extended from prior chart highs in the $25-26 area. It rallied from an inverse-head-and-shoulders type pattern since finding support at its 200 DMA following the previously noted "breakaway gap" on 4/27/10. Leadership in the Auto/Truck - Replacement Parts group (L criteria) is a reassuring sign. The C criteria is satisfied as recent quarterly comparisons show earnings increases above the +25% guideline on +15%-20% better sales versus the year ago period. Its up and down annual earnings history (A criteria) is a concern."
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EC
- NYSE - ENERGY - Independent Oil & Gas
Ecopetrol Sa Adr
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$41.43 |
+0.44
1.07%
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$41.87
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$42.68
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-2.93% |
310,021
150.50%
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206,000
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Most Recent Note for EC - 9/29/2010 12:40:05 PM
Rallying near its all-time high after a brief consolidation well above its 50 DMA line. Noted in recent mid-day reports - "Very extended from a sound base after clearing resistance at the $30 level. Colombian Oil and Gas - Integrated firm reported strong sales and earnings increases for the quarter ended June 30, 2010 versus the year earlier period. Recent quarterly comparisons have shown great improvement, but its prior quarterly and annual earnings history has been below guidelines of the fact-based system."
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FDO
- NYSE - RETAIL - Discount, Variety Stores
Family Dollar Stores
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$44.41 |
+1.07
2.47%
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$45.10
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$45.10
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-1.53% |
5,350,525
216.51%
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2,471,300
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Most Recent Note for FDO - 9/29/2010 12:43:16 PM
Gapped up today, rising from a very orderly base-on base type pattern. Last noted 7/28/10 - "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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JKS
- NYSE - ENERGY - Other
Jinkosolar Hldg Co Ads
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$31.71 |
+2.26
7.66%
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$32.40
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$32.38
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-2.08% |
654,419
115.66%
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565,800
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Most Recent Note for JKS - 9/29/2010 12:58:20 PM
Hitting yet another new all-time high today with above average volume helping it potentially rise and breakout from an advanced "ascending base" type pattern. It could go on to produce more climactic gains. Volatility may be great due to its small supply (S criteria) of only 21.7 million shares outstanding, making a disciplined approach to buying and selling especially critical. Noted in prior mid-day reports -"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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LQDT
- NASDAQ - INTERNET - Internet Software &; Services
Liquidity Services Inc
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$16.12 |
+0.13
0.81%
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$16.49
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$16.49
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-2.24% |
74,054
83.39%
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88,800
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Most Recent Note for LQDT - 9/29/2010 12:59:28 PM
Still inching higher following its 9/24/10 gap up 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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MSB
- NYSE - FINANCIAL SERVICES - Diversified Investments
Mesabi Trust
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$38.86 |
+1.85
5.00%
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$38.95
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$39.37
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-1.30% |
264,281
95.31%
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277,300
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Most Recent Note for MSB - 9/29/2010 1:01:19 PM
Gapped up today, hitting yet another new 52-week high today. Noted in the 9/28/10 mid-day report - "Getting even more extended from the cup-with-handle type base pattern previously noted. The 3 latest quarters showed impressive increases but prior quarterly and annual earnings history has been below guidelines of the fact-based investment system."
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NVO
- NYSE - DRUGS - Drug Manufacturers - Other
Novo Nordisk A/S Adr
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$99.04 |
+0.94
0.96%
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$99.75
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$99.75
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-0.71% |
235,386
120.65%
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195,100
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Most Recent Note for NVO - 9/29/2010 1:02:46 PM
This Denmark-based Medical - Ethical Drug firm is trading heavy volume yet again today with a gap up gain for another new all-time high. As noted recently, and in a few of July's mid-day reports - "It has earned high ranks after demonstrating strong steady annual earnings (A criteria) growth. Quarterly comparisons show sales and earnings increases mostly below guidelines of the fact-based investment system."
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TPL
- NYSE - Real Estate Dvlpmt/Ops
Texas Pacific Land Trust
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$39.76 |
+0.26
0.66%
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$39.87
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$40.18
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-1.05% |
35,204
108.99%
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32,300
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Most Recent Note for TPL - 9/29/2010 1:09:48 PM
Noted in 9/28/10 mid-day report - "Posting a considerable gain today for a new 52-week high. This Texas Real Estate Development firm was noted in 2 prior mid-day reports in September - 'A recent streak of gains with above average volume helped it rally from prior resistance in the $30 area. The 3 latest quarterly comparisons showed strong sales revenues and earnings increases but its up and down annual earnings (A criteria) history is a concern.'"
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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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