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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, OCTOBER 27TH, 2010
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DOW 11046.55 -122.91 (-1.10%) | NASDAQ 2487.54 -9.75 (-0.39%) | S&P 500 1173.78 -11.86 (-1.00%)
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Time of Screening :
10/27/2010 12:33:21 PM Report Released :
10/27/2010 2:05:43 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 |
DECK
- NYSE
Deckers Outdoor Corp
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$54.16
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-1.57
-2.82%
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$55.57
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696,890
75.67% of 50 DAV
50 DAV is 920,900
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$56.17
-3.58%
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10/27/2010 |
$54.16
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PP = $54.86
MB = $57.60 |
Most Recent Note - 10/27/2010 12:51:38 PM
Y - Within close striking distance of its 52-week high, pulling back today. Reporting earnings on Thursday, October 28, 2010. Color code is changed to yellow after its a breakout from a saucer-with-handle pattern with above average volume on the prior session. Pivot point cited is based upon its 10/15/10 high plus ten cents. It was dropped from the Featured Stocks list on 7/20/10 and found support above its 200 DMA line in the interim. Do not be confused when reviewing prior reports after the stock split 3:1 effective as of 7/06/10.
>>> The latest Featured Stock Update with an annotated graph appeared on 7/1/2010. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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EBIX
- NASDAQ
Ebix Inc
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$24.35
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+0.40
1.67%
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$24.74
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650,476
111.40% of 50 DAV
50 DAV is 583,900
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$25.61
-4.92%
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9/23/2010 |
$21.78
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PP = $22.74
MB = $23.88 |
Most Recent Note - 10/27/2010 12:55:36 PM
G - Churning near prior highs today while up for a 3rd consecutive session. Support to watch is its 50 DMA line ($21.34 now).
>>> The latest Featured Stock Update with an annotated graph appeared on 9/24/2010. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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FFIV
- NASDAQ
F 5 Networks Inc
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$116.50
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+13.96
13.61%
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$117.15
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5,991,219
270.67% of 50 DAV
50 DAV is 2,213,500
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$117.49
-0.84%
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6/16/2010 |
$74.50
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PP = $74.10
MB = $77.81 |
Most Recent Note - 10/27/2010 1:15:40 PM
G - Gapped up today for a considerable gain and a new high while posting its 6th consecutive gain with ever-increasing volume. Reported +58% earnings on +45% sales revenues for the period ended September 30, 2010 versus the year ago period. It may go on to produce more climactic gains, however it did not form a sound new base and may be considered "late stage" after its considerable rally this year.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/13/2010. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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NFLX
- NASDAQ
Netflix Inc
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$178.95
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+1.33
0.75%
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$184.74
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6,669,476
120.99% of 50 DAV
50 DAV is 5,512,500
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$184.74
-3.13%
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8/10/2010 |
$124.05
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PP = $124.00
MB = $130.20 |
Most Recent Note - 10/27/2010 1:41:32 PM
G - It finished strong on the prior session, and reversed into the red after early gains today for new all-time highs. It could go on to produce more climactic gains. However, while now trading +67% above its 200 DMA line, it may be considered "late stage" and extended from a sound base after a considerable rally this year.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/1/2010. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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UA
- NYSE
Under Armour Inc Cl A
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$47.05
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-0.93
-1.94%
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$47.81
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565,121
75.76% of 50 DAV
50 DAV is 745,900
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$48.59
-3.17%
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9/9/2010 |
$39.99
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PP = $40.10
MB = $42.11 |
Most Recent Note - 10/27/2010 2:00:50 PM
G - Gapped down today and held its ground on the prior session 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.
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>>> The latest Featured Stock Update with an annotated graph appeared on 9/9/2010. Click here.
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Company Profile |
SEC |
News |
Chart | C
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 |
CYD
- NYSE - MANUFACTURING - Diversified Machinery
China Yuchai Intl Ltd
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$25.64 |
+0.14
0.55%
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$25.84
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$25.88
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-0.93% |
317,427
127.48%
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249,000
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Most Recent Note for CYD - 10/27/2010 12:38:14 PM
Continuing higher this week 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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SEC |
News |
Chart | C
A N
S L
I M
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EC
- NYSE - ENERGY - Independent Oil & Gas
Ecopetrol Sa Adr
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$46.58 |
-1.33
-2.78%
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$47.82
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$48.79
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-4.53% |
263,771
100.52%
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262,400
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Most Recent Note for EC - 10/27/2010 1:08:46 PM
Gaps down today and on 10/19/10 may be considered signs of distributional pressure. It is extended from an ascending base type pattern after a steady rally, and was noted several times during its rally after clearing resistance at the $30 level. The Colombian Oil and Gas - Integrated firm reported a +62% earnings increase for the latest quarter ended September 30, 2010 on +18% sales revenues versus the year earlier period. Sales revenues' deceleration (in growth rate, sequentially) raises some concerns. Although prior quarterly comparisons have shown great improvement, a downturn in FY '09 earnings is a flaw in its earnings history (A criteria) since public trading began in September 2008.
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A N
S L
I M
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FSRV
- NASDAQ - DIVERSIFIED SERVICES - Business/Management Services
Firstservice Corp
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$25.51 |
-0.37
-1.43%
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$25.90
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$26.40
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-3.37% |
50,889
171.92%
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29,600
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Most Recent Note for FSRV - 10/27/2010 1:16:24 PM
This Canadian Real Estate firm has been recently churning lots of volume and looking distributional while pulling back from its 52 week high toward prior highs. A streak of volume-driven gains was noted in recent mid-day reports as it was observed - "Historic earnings and sales revenues have been below guidelines of the fact-based investment system."
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A N
S L
I M
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ILMN
- NASDAQ - DRUGS - Biotechnology
Illumina Inc
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$55.16 |
+3.51
6.79%
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$56.99
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$57.19
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-3.55% |
2,501,181
228.92%
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1,092,600
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Most Recent Note for ILMN - 10/27/2010 1:21:31 PM
Gapped up today for a new 52-week high. Results for the quarter ended September 30, 2010 showed earnings +76% on +50% sales revenues versus the year ago period. Up and down annual earnings history (A criteria) remains a concern. Early October mid-day report noted - "No overhead supply remains to hinder its progress after gapping up today for a considerable gain, hitting new 52-week and multi-year highs. Sales revenues and earnings growth slumped below guidelines after it was dropped from the Featured Stocks list on 6/17/09. It had just been featured in the May 2009 issue of CANSLIM.net News (read here)."
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A N
S L
I M
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MGLN
- NASDAQ - HEALTH SERVICES - Hospitals
Magellan Health Services
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$48.08 |
-0.44
-0.91%
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$48.59
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$49.56
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-2.99% |
227,062
85.49%
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265,600
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Most Recent Note for MGLN - 10/27/2010 1:25:22 PM
Perched near its 52-week high and multi-year highs with no resistance remaining due to overhead supply. The number of top-rated funds owning its shares contracted from 128 in Sep '09 to 118 in Jun '10, not a reassuring sign concerning the I criteria. Annual earnings (A criteria) history has been up and down since the company reorganized (01/06/04). Recent quarterly earnings increases (C criteria) have been well above the +25% guideline while sales revenues increases in the +17-18% range in the Mar and Jun '10 periods were an improvement from prior lackluster comparisons.
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A N
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I M
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RIO
- NYSE - METALS & MINING - Steel & Iron
Rio Tinto Plc Adr
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$64.19 |
-1.92
-2.90%
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$64.49
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$66.86
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-3.99% |
1,905,246
78.57%
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2,424,800
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Most Recent Note for RIO - 10/27/2010 1:44:09 PM
Gapped down today and gapped down on 10/19/10 when the mid-day report noted - "Consolidating this week up after surging to new 52-week highs. Recent quarters showed improving sales revenues and earnings after a bad streak of negative quarterly comparisons versus the year ago period. Since it was noted on 4/22/08 a downturn in its FY '09 earnings has marred its previously good annual earnings (A criteria) history."
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I M
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SIG
- NYSE - SPECIALTY RETAIL - Jewelry Stores
Signet Jewelers Ltd
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$34.46 |
-0.71
-2.02%
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$34.52
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$35.36
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-2.55% |
467,150
99.50%
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469,500
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Most Recent Note for SIG - 10/27/2010 1:48:21 PM
Gapped down today after a streak of 5 consecutive gains to new 52-week highs with above average volume. Quarterly comparisons show a lack of sales revenues growth and its prior quarterly and annual earnings history has been below guidelines of the investment system.
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A N
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I M
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TQNT
- NASDAQ - ELECTRONICS - Semiconductor - Integrated Cir
Triquint Semiconductor
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$10.18 |
+0.36
3.67%
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$10.27
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$10.27
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-0.88% |
4,165,501
99.82%
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4,173,000
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Most Recent Note for TQNT - 10/27/2010 2:00:00 PM
Hitting a new 52-week high today without truly great volume conviction following a brief consolidation in a tight range above prior highs in the $8.50 area. No resistance remains due to overhead supply. It is due to report earnings for the quarter ended September 30, 2010. Sales revenues and earnings increases in the 3 latest quarterly comparisons showed great improvement, but its annual earnings (A criteria) since FY '07 have been near flat. Return On Equity of 7% is below the +17% guideline.
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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.
Any recommendation contained in this report may not
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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likewise used for identification purposes only.
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