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 MIDDAY BREAKOUTS REPORT - TUESDAY, NOVEMBER 2ND, 2010
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DOW 11209.46 84.84 (0.76%) | NASDAQ 2530.27 25.43 (1.02%) | S&P 500 1193.7 9.32 (0.79%)
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Time of Screening :
11/2/2010 12:08:25 PM Report Released :
11/2/2010 1:20:08 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 |
FOSL
- NASDAQ
Fossil Group Inc
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$60.27
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+1.01
1.70%
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$60.41
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667,062
89.26% of 50 DAV
50 DAV is 747,300
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$60.41
-0.23%
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10/20/2010 |
$54.12
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PP = $55.61
MB = $58.39 |
Most Recent Note - 11/2/2010 12:30:06 PM
G - Small gap up today for another new high, getting more extended. Color code was changed to green after a recent streak of gains without great volume conviction. The nearby chart support level to watch is its 50 DMA line. Earnings news is due prior to the market open on Tuesday, November 9, 2010.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/5/2010. Click here.
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A N
S L
I M
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PRGO
- NYSE
Perrigo Co Plc
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$67.06
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+0.09
0.13%
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$68.38
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900,257
116.30% of 50 DAV
50 DAV is 774,100
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$68.38
-1.93%
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9/15/2010 |
$63.73
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PP = $64.76
MB = $68.00 |
Most Recent Note - 11/2/2010 1:00:14 PM
Y - Hit a new 52-week high today and briefly traded above its "max buy" level before reversing into the red. Reported +23% earnings on +21% sales revenues for the quarter ended September 30, 2010. That marks its smallest percentage earnings increase in 5 quarters. Recently building a base-on-base type pattern above support at its 50 DMA line. Confirming gains to new highs with above average volume would be a very reassuring sign that it may be capable of a sustained advance in price.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/15/2010. Click here.
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SEC |
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A N
S L
I M
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RAX
- NYSE
Rackspace Hosting Inc
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$26.96
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+1.60
6.31%
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$27.94
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3,894,307
160.47% of 50 DAV
50 DAV is 2,426,800
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$27.93
-3.47%
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9/21/2010 |
$22.84
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PP = $23.61
MB = $24.79 |
Most Recent Note - 11/2/2010 1:02:01 PM
G - Trading well off the session highs after a gap up today and considerable rally to a new all-time high. Strength in the Internet - Networking group has been reassuring, especially after a gap up gain last week from F5 Networks (FFIV) after earnings news. RAX is due to report earnings on Monday, November 8, 2010, after the close.
>>> 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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SVR
-
|
$30.47
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+0.05
0.16%
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$30.49
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1,531,005
117.49% of 50 DAV
50 DAV is 1,303,100
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$31.25
-2.50%
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9/22/2010 |
$23.60
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PP = $23.87
MB = $25.06 |
Most Recent Note - 11/2/2010 1:09:20 PM
G - Holding its ground after a considerable gain on 10/28/10 after news Carlyle Group will buy Syniverse Technologies for $31 per share. Color code was changed to green after spiking above its "max buy" level.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/22/2010. Click here.
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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 |
BKI
- NYSE - Computer Sftwr-Financial
Black Knight Inc
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$18.02 |
+0.79
4.59%
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$18.07
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$18.27
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-1.37% |
251,085
93.17%
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269,500
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Most Recent Note for BKI - 11/2/2010 12:17:26 PM
Recent quarterly comparisons showed strong earnings increases, but lackluster sales revenues growth and its erratic annual earnings (A criteria) history fall short of the investment system's guidelines. It is extended from a sound base after very strong action since its 10/12/10 technical breakout, approaching its 2007 all-time high.
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A N
S L
I M
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CGNX
- NASDAQ - ELECTRONICS - Scientific & Technical Instrum
Cognex Corp
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$29.83 |
+3.15
11.81%
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$29.94
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$29.94
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-0.37% |
908,503
317.66%
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286,000
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Most Recent Note for CGNX - 11/2/2010 12:25:19 PM
Gapped up today, hitting new 52-week and multi-year highs. Its quarterly sales and earnings comparisons have improved recently. Poor annual earnings history (A criteria) including a loss in FY '09 raises concerns.
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A N
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I M
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CTIB
- NASDAQ - CONSUMER DURABLES - Toys & Games
C T I Industries Corp
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$8.93 |
-0.35
-3.72%
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$9.51
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$9.51
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-6.11% |
31,488
150.66%
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20,900
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Most Recent Note for CTIB - 11/2/2010 12:27:31 PM
Hit a new 52-week high today then reversed into the red. Technically it broke out on 11/01/10 from a cup-with-handle type pattern. Prior mid-day reports noted - "Quarterly and annual earnings history have not been consistently strong, falling short of the guidelines for the C and A criteria."
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CYD
- NYSE - MANUFACTURING - Diversified Machinery
China Yuchai Intl Ltd
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$26.21 |
-0.19
-0.72%
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$26.88
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$26.88
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-2.49% |
224,385
78.93%
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284,300
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Most Recent Note for CYD - 11/2/2010 12:28:45 PM
Hit another new 52-week high today before reversing into the red. 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
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$38.78 |
+1.57
4.22%
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$39.00
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$39.06
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-0.72% |
62,539
102.02%
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61,300
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Most Recent Note for DORM - 11/2/2010 12:29:16 PM
Hitting yet 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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A N
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I M
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HUM
- NYSE - HEALTH SERVICES - Health Care Plans
Humana Inc
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$60.81 |
+2.13
3.63%
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$61.33
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$61.33
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-0.85% |
1,576,367
84.03%
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1,876,000
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Most Recent Note for HUM - 11/2/2010 12:37:04 PM
Hitting yet another new 52-week high after gapping up today. Sub par sales revenues and quarterly earnings increases raise fundamental concerns. Its annual earnings history is marred by a downturn in FY '08 earnings after years of steady growth.
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IDCC
- NASDAQ - TELECOMMUNICATIONS - Wireless Communications
Interdigital Inc
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$33.87 |
+0.92
2.79%
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$34.02
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$34.03
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-0.47% |
346,720
75.54%
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459,000
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Most Recent Note for IDCC - 11/2/2010 12:41:05 PM
Holding its ground stubbornly and rising after its 10/28/10 gap up for a considerable gain and new 52-week high. It reported +14% earnings on +22% sales revenues for the quarter ended September 30, 2010. Gains earlier last week with above average volume helped it inch to new 52-week highs. Volume totals had been drying up while trading in a tight range since the 10/04/10 mid-day report noted - "Recent quarterly comparisons showed strong earnings (C criteria) and sales revenues increases, but its annual earnings (A criteria) history has not been strong and steady."
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IHG
- NYSE - LEISURE - Lodging
Intercontinental Hotels
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$19.43 |
+0.10
0.52%
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$19.45
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$19.60
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-0.87% |
192,775
81.17%
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237,500
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Most Recent Note for IHG - 11/2/2010 12:43:25 PM
Sales and earning history is below guidelines. It held its ground stubbornly and rallied to new 52-week highs since last noted in the 10/11/10 mid-day report.
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ININ
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Interactive Intelligence
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$25.76 |
+1.23
5.01%
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$26.07
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$26.10
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-1.30% |
177,037
143.12%
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123,700
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Most Recent Note for ININ - 11/2/2010 12:46:35 PM
Hitting yet another new 52-week high today, it reported +19% earnings on +26% sales revenues for the quarter ended September 30, 2010. After topping its October 2009 highs it was noted in recent mid-day reports - "No overhead supply remains to hinder its progress. Recent quarterly comparisons showed sales revenues accelerating from flat or single digit percentages up to the +18-19% range in the Mar and Jun '10 quarters , but its earnings rose only +8% in the quarter ended June 30, 2010. The downward turn in its FY '08 earnings (bad A criteria) is a concern. Weak technical action prompted its removal from the Featured Stocks list on 1/7/08, shortly after it had been featured in the December 2007 issue of CANSLIM.net News (read here)."
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LPSN
- NASDAQ - DIVERSIFIED SERVICES - Business/Management Services
Liveperson Inc
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$9.52 |
+0.28
3.03%
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$9.75
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$10.02
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-4.99% |
287,762
75.47%
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381,300
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Most Recent Note for LPSN - 11/2/2010 12:48:44 PM
Hovering near its 52-week high since last noted in the 10/25/10 mid-day report after a gap up. It is due to report earnings on Thursday, November 4th. With above average volume behind its breakout gains, in recent mid-day reports it was noted - "Quarterly earnings per share have been below the +25% guideline and its annual earnings (A criteria) history has been erratic, including a decrease in FY '08 earnings versus the year earlier."
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MWE
- NYSE - ENERGY - Independent Oil & Gas
Markwest Energy Partners
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$38.75 |
+0.34
0.89%
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$38.83
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$38.83
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-0.21% |
177,271
76.21%
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232,600
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Most Recent Note for MWE - 11/2/2010 12:52:27 PM
It is perched at its 52-week and multi-year highs with no overhead supply to act as resistance. Recent quarters show greatly improving sales and earnings but its prior history has been erratic and below guidelines of the fact-based investment system.
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POT
- NYSE - CHEMICALS - Agricultural Chemicals
Potash Corp Saskatchewan
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$146.77 |
+0.14
0.10%
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$148.75
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$153.29
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-4.25% |
4,666,213
83.41%
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5,594,600
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Most Recent Note for POT - 11/2/2010 12:53:31 PM
The Chemicals-fertilizers firm has been consolidating near its 50 DMA line. Held its ground since a considerable gap up gain on 8/17/10 as it rejected an unsolicited bid to be acquired by BHP Billiton Ltd. Earnings and sales have been very strong in the 3 most recent quarterly comparisons versus the year earlier after streak of negative comparisons. Its annual earnings history (A criteria) was very strong until a downward turn in FY '09 marred its impressive track record.
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SNCR
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software
Synchronoss Technologies
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$21.94 |
+0.35
1.62%
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$21.95
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$22.19
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-1.13% |
269,846
216.74%
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124,500
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Most Recent Note for SNCR - 11/2/2010 1:04:37 PM
Touched a new 52-week high today with its 3rd consecutive gain backed by above average volume, topping its peak reached when previously noted in the 5/04/10 mid-day report. It subsequently slumped well below its 200 DMA line before rebounding impressively. Annual earnings (A criteria) history is below guidelines of the fact-based system, marred by a downturn in FY '08. Recently showing better sales and earnings +25% or more in the 4 last comparisons (good C criteria) following a streak of negative comparisons.
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TXRH
- NASDAQ - LEISURE - Restaurants
Texas Roadhouse Inc
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$15.90 |
+0.61
3.99%
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$16.36
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$16.36
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-2.81% |
928,445
138.10%
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672,300
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Most Recent Note for TXRH - 11/2/2010 1:17:03 PM
Gapped up and hit a new 52-week high today after a 6-month cup shaped pattern. Sales revenues growth and earning growth has mostly been slow and steady since last noted in the 7/05/05 mid-day report.
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VSH
- NYSE - ELECTRONICS - Diversified Electronics
Vishay Intertechnology
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$11.68 |
+0.08
0.69%
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$12.09
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$12.09
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-3.39% |
2,662,012
116.06%
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2,293,700
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Most Recent Note for VSH - 11/2/2010 1:19:51 PM
Reversed into the red after early gains today helped it hit a new 52-week high after a 6 month cup shaped pattern. Recent quarters showed sales revenues and earnings improving, but its annual earnings (A criteria) history is below guidelines of the 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.
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,
service marks and trade names appearing in this report
are the property of their respective owners, and are
likewise used for identification purposes only.
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