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MIDDAY BREAKOUTS REPORT - WEDNESDAY, NOVEMBER 17TH, 2010
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DOW 11021.65 -1.85 (-0.02%) | NASDAQ 2480.27 10.43 (0.42%) | S&P 500 1181.27 2.93 (0.25%)
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Time of Screening :
11/17/2010 12:13:26 PM Report Released :
11/17/2010 12:50:22 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...
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 |
CEVA
- NASDAQ - ELECTRONICS - Semiconductor - Specialized
Ceva Inc
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$21.99 |
-0.08 -0.36%
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$22.40
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$22.45
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-2.05% |
252,751 96.99%
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260,600
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Most Recent Note for CEVA - 11/17/2010 12:17:11 PM
Hit yet another new 52-week high today, extended from any sound base after a recently noted streak of gains. It reported +17% earnings on +11% sales revenues for the quarter ended September 30, 2010 versus the year ago period. Held its ground stubbornly and continued rallying since noted in mid-day reports in September - "Rising above stubborn resistance in the $13 area with no overhead supply remaining to hinder its progress. Sales (+16%) and earnings (+50%) increases in the June 30, 2010 ended quarter showed acceleration after streak of comparisons showing weak or negative sales revenues versus the year ago period. It has a good annual earnings (A criteria) history."
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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COH
- NYSE - CONSUMER NON-DURABLES - Textile - Apparel Footwear
Coach Inc
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$52.91 |
+2.07
4.07%
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$52.96
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$53.20
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-0.55% |
2,335,239 69.52%
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3,358,900
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Most Recent Note for COH - 11/17/2010 12:28:18 PM
Rallying toward its recent 52-week high and approaching its 2007 all-time high($54). Quarterly comparisons showed improving sales and earnings above the +25% guideline in the Mar, Jun, and Sep '10 after a streak of flat or negative sales and earnings comparisons and a downward turn in FY '09 earnings (flaw in regard to the A criteria). A breakaway gap followed its earnings news immediately after it was last noted in the mid-day report on 10/25/10 as - "It wedged to new highs without great volume conviction after a deep consolidation below its 200 DMA line since it was last noted in the 6/10/10 mid-day report. Noted following a 3-year hiatus in the 4/20/10 mid-day report - 'Recent quarters showed improving sales and earnings, but today its quarterly and annual earnings history are below the investment system guidelines. COH was previously a Featured Stock that put up great gains and matched the investment system criteria near its Oct 2002 appearance and later.'"
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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F
- NYSE - AUTOMOTIVE - Auto Manufacturers - Major
Ford Motor
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$16.77 |
+0.26
1.58%
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$16.88
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$17.42
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-3.73% |
65,033,711 87.25%
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74,540,900
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Most Recent Note for F - 11/17/2010 12:15:58 PM
Churning above average volume while making gradual price progress above prior resistance in the $14.50 area which may now serve as a support level. Market action indicates investor enthusiasm while General Motors II approaches its IPO following the auto-maker's historic bankruptcy. During a recent streak of volume-driven gains for new chart highs Ford Motor was noted in prior mid-day reports - "Poor annual earnings (A criteria) is a concern."
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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IDT
- NYSE - TELECOMMUNICATIONS - Diversified Communication Serv
I D T Corporation Cl B
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$22.06 |
+1.84
9.10%
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$22.35
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$22.39
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-1.47% |
496,132 196.88%
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252,000
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Most Recent Note for IDT - 11/17/2010 12:30:51 PM
Hit a new 52-week high today. Noted in the mid-day report on 11/16/10 - "Recently breaking out from a "double bottom" base on 11/11/10 with a gain backed by heavy volume. Sales revenues and earnings history are below the investment system's guidelines."
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SEC |
News |
Chart | C
A N
S L
I M
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KEM
- NYSE - ELECTRONICS - Diversified Electronics
Kemet Corp
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$14.28 |
-0.09 -0.63%
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$14.60
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$14.60
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-2.19% |
121,397 61.87%
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196,200
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Most Recent Note for KEM - 11/17/2010 12:32:36 PM
The 11/16/10 mid-day report noted - "Recent quarters show improving sales and earnings following losses in FY '09 and '10. Shares were reverse split 1:3 effective 11/08/10. It is perched at its 52-week high, extended from any sound base after sprinting considerably higher from below its 50 DMA line back in late-October."
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SEC |
News |
Chart | C
A N
S L
I M
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PNRA
- NASDAQ - LEISURE - Specialty Eateries
Panera Bread Co Cl A
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$96.82 |
+3.47
3.72%
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$95.01
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$97.21
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-0.40% |
370,976 92.72%
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400,100
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Most Recent Note for PNRA - 11/17/2010 12:37:42 PM
Hitting new 52-week and all-time highs today, with no resistance due to overhead supply. The 11/16/10 mid-day report noted - "Its annual earnings results showed a small downturn in '07, which is a minor flaw concerning the A criteria which calls for 3-5 years of steady earnings growth. Quarterly sales revenues and earnings increases are not solidly meeting the guidelines with respect to the C criteria. The stock is somewhat heavily owned (percentage-wise) by funds relative to its management's small 6% reported ownership. Top-rated funds owning an interest decreased from 605 in Mar '09 to 585 in Sep '10, which is not good news concerning the I criteria (NOTE: Prior notes on this and other stocks cited top-rated US funds, and now our source is including foreign funds and hedge funds in their totals reported)."
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SEC |
News |
Chart | C
A N
S L
I M
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RES
- NYSE - ENERGY - Oil & Gas Equipment & Services
R P C Inc
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$27.22 |
+1.20
4.63%
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$26.42
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$27.39
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-0.61% |
369,973 68.84%
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537,400
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Most Recent Note for RES - 11/17/2010 12:40:41 PM
Rallying near its 52-week and all-time high today following a brief consolidation after a streak of volume-driven gains. Recent quarterly comparisons show improving sales and earnings but this Oil and Gas - Field Services firm has an erratic earnings history that is below the investment system guidelines.
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SEC |
News |
Chart | C
A N
S L
I M
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SINA
- NASDAQ - INTERNET - Internet Software & Services
Sina Corporation
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$60.72 |
+3.73
6.55%
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$58.08
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$63.52
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-4.41% |
4,425,392 288.88%
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1,531,900
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Most Recent Note for SINA - 11/17/2010 12:46:51 PM
Rallying toward its 52-week high today with heavy volume behind another big gain, and no overhead supply remains to act as resistance. It rallied above its 2007-2008 highs ($58-59) in the interim since last noted in the 10/25/10 mid-day report. Its late-September technical breakout was mentioned in prior mid-day reports as it was noted - "Earnings and sales have improved in recent quarters, however its prior comparisons and its annual earnings history (A criteria) are below guidelines."
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A N
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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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