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MIDDAY BREAKOUTS REPORT - THURSDAY, SEPTEMBER 30TH, 2010
Previous Mid Day Report Next Mid Day Report >>>
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DOW 10804.36 -30.92 (-0.29%) | NASDAQ 2371.99 -4.57 (-0.19%) | S&P 500 1142.75 -1.98 (-0.17%)
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Time of Screening :
9/30/2010 12:48:16 PM Report Released :
9/30/2010 2:08:08 PM Price is:
Above 52W High and Less Than 52W High
but within 3% 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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$30.29
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-0.75 -2.42%
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$31.10
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89,031 77.82% of 50 DAV
50 DAV is 114,400
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$31.10 -2.60%
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9/23/2010 |
$28.36
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PP = $28.90 MB = $30.35 |
Most Recent Note - 9/30/2010 1:01:28 PM
G - Patient and disciplined investors may watch for light volume pullbacks while avoiding chasing stocks extended more than +5% above prior highs. 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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FFIV
- NASDAQ
F 5 Networks Inc
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$103.58
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-0.83 -0.79%
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$107.30
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1,673,946 98.81% of 50 DAV
50 DAV is 1,694,100
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$107.30 -3.47%
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6/16/2010 |
$74.50
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PP = $74.10 MB = $77.81 |
Most Recent Note - 9/30/2010 1:13:46 PM
G - Holding its ground near all-time highs, enduring some distributional pressure today. A steep upward trendline connecting July-August lows defines an initial chart support level above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/13/2010. Click here.
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PAY
- NYSE
Paymentus Holdings
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$30.26
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+1.21
4.17%
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$30.96
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2,433,405 178.34% of 50 DAV
50 DAV is 1,364,500
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$30.96 -2.26%
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8/25/2010 |
$24.30
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PP = $23.74 MB = $24.93 |
Most Recent Note - 9/30/2010 1:42:16 PM
G - Considerable gain today with above average volume, getting more extended from a sound base. Prior highs in the $23 area define chart support.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/30/2010. Click here.
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SLW
- NYSE
Silver Wheaton Corp
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$26.42
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-0.57 -2.11%
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$27.18
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5,847,488 110.32% of 50 DAV
50 DAV is 5,300,300
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$27.18 -2.80%
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8/25/2010 |
$21.40
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PP = $21.99 MB = $23.09 |
Most Recent Note - 9/30/2010 1:43:00 PM
G - Consolidating after a streak of recent gains with above average volume, holding its ground near an all-time high, 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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$11.58
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+0.05
0.43%
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$12.03
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51,728 111.97% of 50 DAV
50 DAV is 46,200
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$12.03 -3.74%
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9/16/2010 |
$11.20
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PP = $11.69 MB = $12.27 |
Most Recent Note - 9/30/2010 1:47:15 PM
Y - Hit a new 52-week high today and it is trading near its pivot point. No resistance remains due to overhead supply. With only 6.21 million shares outstanding (S criteria) any institutional buying or selling can lead to great price volatility. Few institutional investors (I criteria) own its shares, but the number of top-rated funds has increased from 6 in Sep '09 to 10 in Jun '10.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/17/2010. Click here.
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Symbol - Exchange - Industry Group Company Name |
Last |
Chg |
Day High |
52 WK Hi |
% From Hi |
Volume % DAV |
DAV |
ADTN
- NASDAQ - TELECOMMUNICATIONS - Communication Equipment
Adtran Inc
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$35.05 |
+0.28
0.79%
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$35.25
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$35.80
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-2.11% |
669,806 76.53%
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875,200
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Most Recent Note for ADTN - 9/30/2010 12:49:31 PM
Hitting another new 52 week high yesterday. 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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ALB
- NYSE - CHEMICALS - Synthetics
Albemarle Corp
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$46.46 |
+0.33
0.72%
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$46.86
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$46.97
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-1.09% |
899,025 118.46%
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758,900
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Most Recent Note for ALB - 9/30/2010 12:53:19 PM
Quarterly results showed stronger sales and earnings increases in Mar and Jun '10 after a downward turn and negative comparisons in recent years. Trading near multi-year highs and recent highs in the $46 area.
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ALTR
- NASDAQ - Computer Sftwr-Design
Altair Engineering Cl A
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$30.31 |
-0.31 -1.01%
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$30.95
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$30.97
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-2.13% |
9,440,297 103.72%
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9,101,700
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Most Recent Note for ALTR - 9/30/2010 12:56:10 PM
Hit a new 52-week high with 2 consecutive gains 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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AOS
- NYSE - CONSUMER DURABLES - Electronic Equipment
Smith A O Corp
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$57.45 |
-0.66 -1.14%
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$58.84
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$58.92
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-2.49% |
213,292 98.11%
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217,400
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Most Recent Note for AOS - 9/30/2010 12:57:57 PM
Recently wedged to new 52-week highs with light volume after basing since noted in the 4/20/10 mid-day report - "Recently encountering some distributional pressure after steadily climbing since gapping up on 3/23/10, reaching multi-year highs. Sales and earnings history below guidelines."
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BCPC
- NASDAQ - CHEMICALS - Agricultural Chemicals
Balchem Corp
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$30.82 |
+0.07
0.21%
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$31.06
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$31.12
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-0.98% |
88,766 81.44%
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109,000
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Most Recent Note for BCPC - 9/30/2010 1:03:00 PM
At its 52-week high, extended from prior highs in the $28 area. Noted in recent mid-day reports - "It has a good annual earnings (A criteria) history, but quarterly earnings growth in the 2 latest comparisons (Mar and Jun '10 versus the year ago periods) was below the +25% guideline. Sales revenues increases have been sub par but improving."
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CATM
- NASDAQ - DIVERSIFIED SERVICES - Business/Management Services
Cardtronics Inc
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$15.32 |
+0.15
0.99%
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$15.46
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$15.46
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-0.91% |
257,052 77.52%
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331,600
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Most Recent Note for CATM - 9/30/2010 1:07:33 PM
Hitting new 52-week highs with gains this week backed by above average volume, and no overhead supply remains to hinder its progress. For the quarter ended June 30, 2010 it reported +53% earnings on +7% sales versus the year ago period, continuing its solid earnings trend. Sales revenues were reported in the -4% to +11% range for the past 7 comparisons, however, leaving fundamental concerns. It found support well above its 200 DMA line but endured heavy distribution since noted in the mid-day report on 4/30/10 following a Secondary Offering completed 3/31/10. Another Secondary Offering was just completed on 8/18/10.
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CCE
- NYSE - FOOD & BEVERAGE - Beverages - Soft Drinks
Coca Cola Enterprises
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$31.08 |
-0.01 -0.02%
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$31.45
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$31.45
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-1.19% |
3,379,963 97.80%
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3,456,000
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Most Recent Note for CCE - 9/30/2010 1:08:14 PM
Hit another new 52-week today. Sales and earnings history below guidelines.
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DORM
- NASDAQ - AUTOMOTIVE - Auto Parts
Dorman Products Inc
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$30.72 |
+0.82
2.74%
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$31.75
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$31.75
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-3.24% |
53,697 105.91%
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50,700
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Most Recent Note for DORM - 9/30/2010 1:12:20 PM
Considerable gain today for another new 52-week high. Noted in recent mid-day reports - "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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IT
- NYSE - DIVERSIFIED SERVICES - Business/Management Services
Gartner Inc
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$29.21 |
+0.25
0.86%
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$29.46
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$29.99
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-2.60% |
691,242 87.55%
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789,500
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Most Recent Note for IT - 9/30/2010 1:20:07 PM
Wedging toward prior highs today. It gapped down on 9/08/10 following its 8/26/10 mid-day report appearance, a sign of heavy distributional pressure. Noted in prior mid-day reports -"Consolidating above prior highs in the $26 area that now define a support level. It technically broke out on 8/10/10 with a considerable gain on 4 times average volume for a new 52-week high and new multi-year high. Recent quarterly comparisons show improving sales revenues and earnings after a streak of negative comparisons and a downward turn in its FY '09 earnings. Its has rebounded impressively, but its fundamentals are below the fact-based system's guidelines. Results deteriorated badly as it slumped after it was dropped from the Featured Stocks list on 10/02/08."
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ITC
- NYSE - UTILITIES - Electric Utilities
I T C Holdings Corp
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$62.46 |
-0.44 -0.70%
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$63.89
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$63.89
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-2.24% |
269,973 93.25%
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289,500
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Most Recent Note for ITC - 9/30/2010 1:21:34 PM
Hit another new 52-week high today, then reversed into the red. This Utility -Electric Power firm was noted in prior mid-day reports - "Fundamentals are below the C and A criteria (earnings growth guidelines)."
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LQDT
- NASDAQ - INTERNET - Internet Software &; Services
Liquidity Services Inc
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$16.04 |
-0.07 -0.43%
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$16.29
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$16.49
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-2.73% |
84,826 93.73%
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90,500
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Most Recent Note for LQDT - 9/30/2010 1:23:48 PM
Holding its ground stubbornly and rising after 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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MCRS
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software
Micros Systems Inc
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$42.39 |
-0.15 -0.35%
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$43.28
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$43.28
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-2.06% |
327,153 81.44%
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401,700
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Most Recent Note for MCRS - 9/30/2010 1:30:29 PM
Inching to new 52-week highs this week after holding its ground above prior chart highs in the $37-38 area and steadily rising since its 8/27/10 breakaway gap. No overhead supply remains to act as resistance. Noted in prior mid-day reports - "Its recent quarterly comparisons showed improving sales revenues and earnings increases after a streak of negative comparisons. It sank as lows as $13.34 from $29.91 when it was dropped from the Featured Stocks list on 5/01/08."
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NTCT
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Netscout Systems Inc
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$20.55 |
-0.16 -0.77%
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$21.00
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$21.00
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-2.14% |
222,399 89.93%
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247,300
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Most Recent Note for NTCT - 9/30/2010 1:31:30 PM
Hitting 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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NVO
- NYSE - DRUGS - Drug Manufacturers - Other
Novo Nordisk A/S Adr
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$98.13 |
-1.11 -1.12%
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$99.19
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$99.75
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-1.62% |
216,227 106.57%
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202,900
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Most Recent Note for NVO - 9/30/2010 1:33:03 PM
This Denmark-based Medical - Ethical Drug firm recently surged to new all-time highs. 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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OPLK
- NASDAQ - ELECTRONICS - Semiconductor - Integrated Cir
Oplink Communications
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$19.84 |
+0.83
4.37%
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$20.44
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$20.44
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-2.94% |
649,779 387.00%
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167,900
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Most Recent Note for OPLK - 9/30/2010 1:41:03 PM
Gapped up today, trading very heavy volume while clearing its latest base and reaching new multi-year highs. Sales revenues rose +9% and +20% in the Mar and Jun '10 quarters after a streak of negative comparisons, meanwhile it has produced earnings increases well above the +25% guideline in 4 consecutive quarterly comparisons, satisfying the C criteria. Annual earnings (A criteria) have not grown steadily, yet it has earned high ranks.
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ZBRA
- NASDAQ - COMPUTER HARDWARE - Computer Peripherals
Zebra Tech Corp Cl A
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$33.08 |
+0.18
0.55%
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$33.31
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$33.38
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-0.90% |
195,694 85.12%
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229,900
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Most Recent Note for ZBRA - 9/30/2010 1:56:09 PM
Extended from prior highs in the $31 area. Recent quarters show sales and earnings improving after a streak of negative comparisons.
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THESE ARE NOT BUY RECOMMENDATIONS!
Comments contained in the body of this report are technical
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from sources believed to be reliable and accurate, however,
its accuracy and completeness cannot be guaranteed.
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