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MIDDAY BREAKOUTS REPORT - THURSDAY, OCTOBER 13TH, 2011
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DOW 11431.29 -87.56 (-0.76%) | NASDAQ 2598.63 -6.1 (-0.23%) | S&P 500 1196.86 -10.39 (-0.86%)
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Time of Screening :
10/13/2011 12:06:42 PM Report Released :
10/13/2011 12:38:28 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 |
ADS
- NYSE - COMPUTER SOFTWARE & SERVICES - Information & Delivery Service
Alliance Data Sys Corp
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$92.95 |
-5.42 -5.51%
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$96.88
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$101.51
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-8.43% |
1,483,193 155.88%
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951,500
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Most Recent Note for ADS - 10/13/2011 12:14:25 PM
Gapped down today following an analyst downgrade after challenging its all-time high again on the prior session. Found support at its 200 DMA line again during the latest consolidation from its prior high hit when last noted in the 9/20/11 mid-day report. It has a good annual earnings (A criteria) history. Its past 2 quarterly comparisons (Mar and Jun '11) showed earnings per share increases greater than the +25% minimum increase expected under the investment system's guidelines, however sales revenues growth has decelerated Ownership by top-rated funds rose from 731 in Mar '11 to 807 in Sep '11, a reassuring sign concerning the I criteria.
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A N
S L
I M
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AVGO
- NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits
Broadcom Inc
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$34.63 |
+0.98
2.91%
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$34.93
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$39.45
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-12.22% |
2,474,879 84.20%
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2,939,200
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Most Recent Note for AVGO - 10/13/2011 12:16:39 PM
The 10/10/11 mid-day report noted - "Reported earnings +11% on +10% sales revenues for the quarter ended July 31, 2011 versus the year ago period, below the fact-based system's guidelines. Since noted in the 6/24/11 mid-day report it surged to a new 52-week high in July, then slumped under its 200 DMA line during a deep consolidation. Proposed yet another Secondary Offering on 5/31/11. During 2010 it completed a Public Offering and two Secondary Offerings."
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A N
S L
I M
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BWLD
- NASDAQ - LEISURE - Restaurants
Buffalo Wild Wings Inc
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$60.03 |
+1.19
2.02%
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$60.32
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$69.52
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-13.65% |
302,877 68.18%
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444,200
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Most Recent Note for BWLD - 10/13/2011 12:18:06 PM
Consolidating near support at its 200 DMA line and above recent chart lows. Prior mid-day reports recently noted - "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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A N
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I M
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CHD
- NYSE - CONSUMER NON-DURABLES - Cleaning Products
Church & Dwight Inc
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$44.71 |
+0.02
0.04%
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$44.78
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$46.29
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-3.41% |
607,753 64.71%
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939,200
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Most Recent Note for CHD - 10/13/2011 12:20:58 PM
Since last noted in the 9/27/11 mid-day report when hitting a new 52-week high it pulled back and found support at its 50 DMA line again. Prior reports noted - "This soap maker has been considered a 'safe haven' by certain investors. Its earnings and sales growth history is below guidelines and has been previously noted as 'lackluster'."
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A N
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I M
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FAST
- NASDAQ - RETAIL - Home Improvement Stores
Fastenal Co
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$33.37 |
-1.25 -3.61%
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$34.45
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$37.78
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-11.67% |
2,447,108 78.15%
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3,131,100
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Most Recent Note for FAST - 10/13/2011 12:23:51 PM
Distributional pressure has led to pullbacks testing its 50 and 200 DMA lines since last noted in the 9/20/11 mid-day report as it hit a new 52-week high with a 7th consecutive gain. Noted in prior mid-day reports - "Recent quarterly comparisons show sales revenues and earnings increases improving, but a downturn in FY '09 earnings is a flaw with respect to the A criteria. It survived but failed to impress since it was dropped from the Featured Stocks list on 10/01/08."
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NSR
- NYSE - TELECOMMUNICATIONS - Diversified Communication Serv
Neustar Inc
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$30.45 |
+2.41
8.59%
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$30.49
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$30.61
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-0.52% |
463,383 83.01%
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558,200
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Most Recent Note for NSR - 10/13/2011 12:25:08 PM
Holding its ground today following a considerable gap up on 10/12/11 for a new 52-week high after reporting +21% earnings on +8% sales revenues for the quarter ended September 30, 2011 versus the year ago period and announcing plans to acquire Targus Information Corp for $650 million. The 10/04/11 mid-day report noted - "Quarterly and annual earnings (C and A criteria) history is not a good match with the fact-based system's guidelines."
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A N
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I M
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NUAN
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Nuance Communications
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$22.94 |
+0.56
2.50%
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$23.45
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$23.45
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-2.17% |
2,827,272 98.29%
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2,876,500
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Most Recent Note for NUAN - 10/13/2011 12:27:28 PM
Earnings history is below the guidelines of the fact-based system. Hit a new 52-week high today and no resistance remains due to overhead supply after its impressive rebound. Failed to make progress then badly slumped and violated its 50 and 200 DMA lines with damaging volume-driven losses since 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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A N
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I M
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PETM
- NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other
Petsmart Inc
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$45.41 |
+1.37
3.11%
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$46.03
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$46.60
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-2.55% |
945,893 72.49%
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1,304,800
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Most Recent Note for PETM - 10/13/2011 12:30:54 PM
Small gap up today has it on track for a 6th consecutive gain and challenging its 52-week high after rebounding from another slump below its 50 DMA and 200 DMA lines. Quarterly sales revenues increases in the +6-8% are below the robust growth guidelines of the investment system. Noted in recent mid-day reports- "Its earnings and sales revenues showed improvement in the recent quarterly comparisons but its growth history is below the fundamental guidelines of the investment system. Current earnings per share should be up +25% or more and the past 3 or 4 comparisons in many cases accelerating in recent quarters. Quarterly sales should also be up +18-25% or more or accelerating over prior quarters."
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SBH
- NYSE - SPECIALTY RETAIL - Specialty Retail, Other
Sally Beauty Holdings
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$17.59 |
+0.63
3.71%
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$17.83
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$18.62
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-5.53% |
6,705,923 692.76%
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968,000
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Most Recent Note for SBH - 10/13/2011 12:36:20 PM
Gapped up today following news it priced a Secondary Offering of 18 million shares at $16.75. The beauty supplies distributor and retailer itself will not receive any proceeds related to the sale. Its 50 DMA and 200 DMA lines and prior lows define near term chart support. Prior mid-day reports noted - "Quarterly earnings growth has been strong but its sales revenues increases and annual earnings (A criteria) history in the past 3-5 years were not especially strong."
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TAC
- NYSE - UTILITIES - Electric Utilities
Transalta Corp
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$21.51 |
-1.33 -5.82%
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$21.58
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$23.09
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-6.84% |
108,148 181.46%
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59,600
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Most Recent Note for TAC - 10/13/2011 12:38:06 PM
Gapped down today below its 50 and 200 DMA lines again after challenging its 52-week high on the prior session. Noted in prior mid-day reports - "Quarterly and annual earnings history for this electric utility firm has been below the guidelines of the fact-based investment system."
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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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