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 MIDDAY BREAKOUTS REPORT - TUESDAY, OCTOBER 26TH, 2010
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DOW 11127.95 -36.1 (-0.32%) | NASDAQ 2481.05 -9.8 (-0.39%) | S&P 500 1180.54 -5.08 (-0.43%)
Time of Screening : 10/26/2010 12:34:28 PM         Report Released : 10/26/2010 1:15:34 PM
Price is: Above 52W High and Less Than 52W High but within 5% 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...

To View Current Notes and Data on currently Featured Stocks go to the latest
Featured Stocks Page
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
UA - NYSE
Under Armour Inc Cl A
$46.37 -1.54
-3.21%
$46.89 642,657
87.63% of 50 DAV
50 DAV is 733,400
$48.59
-4.57%
9/9/2010 $39.99 PP = $40.10
MB = $42.11
Most Recent Note - 10/26/2010 1:12:31 PM
G - Gapped down today following a report of earnings +21% on +22% sales revenues for the quarter ended September 30, 2010 versus the year ago period. It remains near its 52-week high, in healthy shape technically, and may deserve the benefit of the doubt with a favorable backdrop from the M criteria currently favoring 3 out of 4 growth stocks. However, the weaker earnings increase (under the +25% guideline) raises concerns, fundamentally, with respect to the C criteria. Earlier notes acknowledged the downward turn in annual earnings (A criteria) in FY '08, another fundamental concern with respect to the fact-based investment system.
.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/9/2010. Click here.
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Symbol - Exchange - Industry Group
Company Name
Last Chg Day
High
52 WK Hi % From Hi Volume
% DAV
DAV
CYD - NYSE - MANUFACTURING - Diversified Machinery
China Yuchai Intl Ltd
$24.38 -0.30
-1.22%
$24.75 $24.98 -2.40% 177,973
74.31%
239,500
Most Recent Note for CYD - 10/26/2010 12:36:49 PM
Up again today after considerable gains last week with heavy volume helped it hit new 52-week highs and clear stubborn resistance. Recent mid-day reports noted - "It found support near its 200 DMA line since it was last noted in the 4/30/10 mid-day report. Once again, no overhead supply remains to act as resistance, but the $22 area acted as a resistance level in the past. This Singapore-based maker of diesel engines for trucks and busses in China also went through a deep correction since noted in the mid-day report on 1/12/10. - 'Up and down annual earnings (A criteria) leaves fundamental concerns.'"
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DORM - NASDAQ - AUTOMOTIVE - Auto Parts
Dorman Products Inc
$34.95 -0.27
-0.77%
$36.17 $36.23 -3.53% 40,890
73.02%
56,000
Most Recent Note for DORM - 10/26/2010 12:37:27 PM
Hit another new 52-week high today. It steadily rose after recent mid-day reports noted - "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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KSU - NYSE - TRANSPORTATION - Railroads
Kansas City Southern
$43.70 +1.76
4.20%
$44.91 $44.91 -2.69% 962,603
82.41%
1,168,100
Most Recent Note for KSU - 10/26/2010 12:42:56 PM
Hit a new 52-week high today after reporting earnings +81% on +14% sales revenues for the quarter ended September 30, 2010 versus the year ago period. The 10/21/10 mid-day report as it hit a new high noted - "With strength in the Transportation - Rail group a contributing factor. Its annual earnings history (A criteria) is marred by a terrible downturn in FY '09. The latest quarters for Mar and Jun '10 showed strong increases in sales and earnings after negative comparisons in the prior 5 quarters. "
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SSYS - NASDAQ - COMPUTER HARDWARE - Computer Peripherals
Stratasys Ltd
$33.52 +5.13
18.07%
$33.89 $33.99 -1.38% 262,712
197.83%
132,800
Most Recent Note for SSYS - 10/26/2010 1:02:27 PM
Considerable gain today with heavy volume is technically a "breakaway gap" following a report of earnings +78% on +24% sales for the quarter ended September 30, 2010 versus the prior year. A downward turn in its FY '09 earnings is an obvious flaw with respect to the investment system's A criteria today. It is an interesting turn around story with a small supply of only 20.6 million shares (S criteria) outstanding. Longtime members may recall that SSYS was long ago (2003) featured in our monthly newsletter and special reports.
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VAR - NYSE - HEALTH SERVICES - Medical Appliances & Equipment
Varian Medical Systems
$61.03 -0.12
-0.20%
$61.06 $62.60 -2.51% 590,689
58.80%
1,004,600
Most Recent Note for VAR - 10/26/2010 1:15:10 PM
Holding its ground stubbornly since the 10/20/10 mid-day report noted - "Encountering mild distributional pressure, yet staying perched near its 52-week high. In the 9/27/10 mid-day report it was noted - 'Recently rallied from a near 6-month base. Sales revenues and earnings increases have been below guidelines in its quarterly comparisons while it has maintained a slow and steady annual earnings history.'"
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