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 MIDDAY BREAKOUTS REPORT - FRIDAY, OCTOBER 1ST, 2010
Previous Mid Day Report Next Mid Day Report >>>
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DOW 10812.65 24.6 (0.23%) | NASDAQ 2365.79 -2.83 (-0.12%) | S&P 500 1145.41 4.21 (0.37%)
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Time of Screening :
10/1/2010 12:36:49 PM Report Released :
10/1/2010 1:56:32 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 |
PAY
- NYSE
Paymentus Holdings
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$29.21
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-1.86
-5.99%
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$31.40
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1,271,433
93.18% of 50 DAV
50 DAV is 1,364,500
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$31.40
-6.97%
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8/25/2010 |
$24.30
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PP = $23.74
MB = $24.93 |
Most Recent Note - 10/1/2010 1:28:25 PM
G - Pulling back abruptly today after a considerable gain with above average volume on the prior session. Extended from a sound base, its 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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RAX
- NYSE
Rackspace Hosting Inc
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$25.60
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-0.38
-1.46%
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$26.29
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1,451,137
77.05% of 50 DAV
50 DAV is 1,883,300
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$26.50
-3.40%
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9/21/2010 |
$22.84
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PP = $23.61
MB = $24.79 |
Most Recent Note - 10/1/2010 1:37:28 PM
Y - Churning above average volume has recently been indicative of distributional pressure, yet it stubbornly has held its ground 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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A N
S L
I M
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SLW
- NYSE
Silver Wheaton Corp
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$26.66
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+0.01
0.04%
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$27.13
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4,308,707
81.29% of 50 DAV
50 DAV is 5,300,300
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$27.18
-1.91%
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8/25/2010 |
$21.40
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PP = $21.99
MB = $23.09 |
Most Recent Note - 10/1/2010 1:40:08 PM
G - Consolidating after a streak of recent gains with above average volume, holding its ground in a tight range 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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$12.22
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+0.53
4.53%
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$12.40
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77,400
167.53% of 50 DAV
50 DAV is 46,200
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$12.40
-1.45%
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9/16/2010 |
$11.20
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PP = $11.69
MB = $12.27 |
Most Recent Note - 10/1/2010 1:49:02 PM
Y - Hit another new 52-week high while on track for a 4th consecutive gain with ever-increasing volume above average, quickly trading above its pivot point and near its "max buy" level today. Technically, a strong close may clinch a new technical buy signal. 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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$35.62 |
+0.32
0.91%
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$35.97
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$35.97
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-0.97% |
732,281
83.67%
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875,200
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Most Recent Note for ADTN - 10/1/2010 12:44:12 PM
Hitting another new 52 week high today with no overhead supply to act as resistance, but extended from a sound and very bullish base-on-base chart pattern it cleared in recent weeks. 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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$46.83 |
+0.02
0.03%
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$47.34
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$47.34
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-1.09% |
645,369
85.04%
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758,900
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Most Recent Note for ALB - 10/1/2010 12:46:50 PM
Holding its ground after reaching a 52-week high with a streak of gains with above average volume. 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 that define a stubborn resistance level in the past.
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ALTR
- NASDAQ - Computer Sftwr-Design
Altair Engineering Cl A
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$29.90 |
-0.26
-0.86%
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$30.63
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$30.97
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-3.45% |
7,535,874
82.80%
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9,101,700
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Most Recent Note for ALTR - 10/1/2010 12:48:19 PM
Pulling back on lighter volume toward prior highs after blasting to a new 52-week high this week 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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BORN
- NYSE - FOOD & BEVERAGE - Beverages - Wineries & Distill
China New Borun Corp Ads
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$10.90 |
-0.70
-6.03%
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$11.76
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$11.76
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-7.31% |
497,679
91.18%
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545,800
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Most Recent Note for BORN - 10/1/2010 12:51:45 PM
This Chinese Beverages - Alcoholic firm has shown strong sales and earnings increases. While it faces no resistance, recent action has been erratic and it is extended from any sound base after its $7.00 IPO on 6/11/10. Wider intra-day swings in recent sessions may be considered signs of uncertainty.
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CATM
- NASDAQ - DIVERSIFIED SERVICES - Business/Management Services
Cardtronics Inc
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$15.49 |
+0.07
0.47%
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$15.98
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$15.98
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-3.05% |
286,111
86.28%
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331,600
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Most Recent Note for CATM - 10/1/2010 12:53:28 PM
Hit another new 52-week high today and then reversed into the red. Gains this week were 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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$30.75 |
-0.25
-0.81%
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$31.15
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$31.45
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-2.23% |
5,486,989
158.77%
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3,456,000
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Most Recent Note for CCE - 10/1/2010 12:56:30 PM
Churning heavy volume is a sign of distributional pressure after rallying to a new 52-week this week. Sales and earnings history below guidelines.
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DORM
- NASDAQ - AUTOMOTIVE - Auto Parts
Dorman Products Inc
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$30.56 |
-0.26
-0.84%
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$32.00
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$32.00
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-4.50% |
56,304
111.05%
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50,700
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Most Recent Note for DORM - 10/1/2010 12:59:52 PM
Hovering at its 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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EC
- NYSE - ENERGY - Independent Oil & Gas
Ecopetrol Sa Adr
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$41.22 |
-0.53
-1.27%
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$42.02
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$42.99
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-4.12% |
169,753
80.45%
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211,000
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Most Recent Note for EC - 10/1/2010 1:01:58 PM
Perched near its all-time high after a brief consolidation, enduring distributional pressure. Well above its 50 DMA line, it was 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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GSM
- NASDAQ - METALS & MINING - Steel & Iron
Globe Specialty Metals
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$14.25 |
+0.21
1.50%
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$14.41
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$14.41
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-1.11% |
719,286
147.82%
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486,600
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Most Recent Note for GSM - 10/1/2010 1:05:49 PM
Inching to new highs this week and stubbornly 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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LQDT
- NASDAQ - INTERNET - Internet Software &; Services
Liquidity Services Inc
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$16.02 |
+0.01
0.05%
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$16.15
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$16.49
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-2.86% |
203,698
225.08%
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90,500
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Most Recent Note for LQDT - 10/1/2010 1:08:48 PM
Endured distributional pressure on 9/30/10 while holding its ground stubbornly after rising further from 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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$37.57 |
+1.27
3.50%
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$37.89
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$39.37
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-4.57% |
234,555
82.88%
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283,000
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Most Recent Note for MSB - 10/1/2010 1:16:02 PM
Hit new 52-week highs this week and it is enduring distributional pressure. Noted in recent mid-day reports - "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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NOG
- AMEX - ENERGY - Oil & Gas Drilling & Explorati
Northern Oil & Gas Inc
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$17.97 |
+1.03
6.08%
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$17.98
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$18.00
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-0.17% |
402,865
80.41%
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501,000
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Most Recent Note for NOG - 10/1/2010 1:23:31 PM
Wedged above prior highs this week with below average volume and today it is trading near its 52-week high. Recent quarters show great sales and earnings increases verus minuscule numbers for the year ago period. It completed an additional offering on 4/15/10 and attracted an increasing number of top-rated funds as shareholders. Limited history is a concern, as is the industry group's current Relative Strength rating of 66 while the L criteria suggests odds are best when buying stocks in a leading group.
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OPLK
- NASDAQ - ELECTRONICS - Semiconductor - Integrated Cir
Oplink Communications
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$19.78 |
-0.02
-0.08%
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$20.09
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$20.44
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-3.23% |
161,297
96.07%
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167,900
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Most Recent Note for OPLK - 10/1/2010 1:26:15 PM
Holding its ground after a gap up gain on the prior session with very heavy volume while clearing its latest base and reaching new multi-year highs. Noted in the 9/30/10 mid-day report - "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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PCLN
- NASDAQ - INTERNET - Internet Software & Services
Priceline.com Inc
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$338.35 |
-9.99
-2.87%
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$351.61
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$358.24
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-5.55% |
1,086,762
81.59%
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1,332,000
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Most Recent Note for PCLN - 10/1/2010 1:35:21 PM
Enduring some distributional pressure after wedging to new all-time highs recently. Since its "breakaway gap" on 8/04/10 it has not built an orderly new base and afforded disciplined investors ideal buy points under the investment system guidelines. It was last noted in several August mid-day reports - "No overhead supply remains to act as resistance after clearing its deep 3-month consolidation. Based on weak action it was dropped from the Featured Stocks list on 5/07/10 and subsequently fell from $225 to $173 before beginning its impressive rebound."
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TPL
- NYSE - Real Estate Dvlpmt/Ops
Texas Pacific Land Trust
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$43.97 |
+3.94
9.84%
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$43.97
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$43.97
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0.00% |
91,410
269.65%
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33,900
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Most Recent Note for TPL - 10/1/2010 1:42:03 PM
Considerable gain today for another new 52-week high. Noted in in recent mid-day reports - "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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TRS
- NASDAQ - MANUFACTURING - Diversified
Trimas Corp
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$15.35 |
+0.50
3.37%
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$15.40
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$15.52
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-1.10% |
333,213
155.71%
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214,000
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Most Recent Note for TRS - 10/1/2010 1:43:34 PM
Solid gain today with above average volume for a new 52-week high. It has a history of healthy base-on-base type patterns over the past year. Noted in prior mid-day reports - "It is up more than 10-fold from a low below $1.00 in March '09. Quarterly and annual sales and earnings history is below guidelines of the fact-based system."
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UGP
- NYSE - SPECIALTY RETAIL - Specialty Retail, Other
Ultrapar Participaco Adr
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$61.65 |
+0.45
0.74%
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$62.21
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$62.21
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-0.90% |
73,764
96.80%
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76,200
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Most Recent Note for UGP - 10/1/2010 1:50:52 PM
Gain for a new 52-week high today, extended from any sound base. Noted in August and last in the 9/13/10 mid-day reports - "This Brazilian Oil and Gas - Refining/Marketing firm showed strong sales and earning increases in recent quarterly comparisons versus the year ago period. Its annual earnings (A criteria) growth has not been strong and steady."
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ZBRA
- NASDAQ - COMPUTER HARDWARE - Computer Peripherals
Zebra Tech Corp Cl A
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$33.59 |
-0.05
-0.15%
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$34.13
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$34.13
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-1.58% |
346,460
150.70%
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229,900
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Most Recent Note for ZBRA - 10/1/2010 1:52:44 PM
Hit another new 52-week high today while posting a 4th consecutive gain. Noted in the 9/30/10 mid-day report - "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
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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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
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