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MIDDAY BREAKOUTS REPORT - MONDAY, DECEMBER 27TH, 2010
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DOW 11548.86 -24.63 (-0.21%) | NASDAQ 2657.77 -7.83 (-0.29%) | S&P 500 1255.26 -1.51 (-0.12%)
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Time of Screening :
12/23/2010 12:28:25 PM Report Released :
12/27/2010 12:39:47 PM Price is:
Above 52W High and Less Than 52W High
but within 8% 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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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 |
NEOG
- NASDAQ
Neogen Corp
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$41.65
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+0.08
0.19%
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$41.69
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65,640 80.94% of 50 DAV
50 DAV is 81,100
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$42.47 -1.93%
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9/1/2010 |
$30.79
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PP = $30.49 MB = $32.01 |
Most Recent Note - 12/27/2010 12:31:29 PM
G - Touched yet another new high today with a small gain. It may go on to produce more climactic gains while unhindered by resistance due to overhead supply. It has been noted repeatedly as extended from any sound base after steadily advancing. Its 50 DMA line has been a reliable support level.
>>> The latest Featured Stock Update with an annotated graph appeared on 12/6/2010. Click here.
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ROVI
- NASDAQ
Rovi Corp
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$56.36
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-2.00 -3.42%
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$59.06
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2,020,791 190.10% of 50 DAV
50 DAV is 1,063,000
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$59.06 -4.57%
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10/29/2010 |
$49.99
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PP = $53.10 MB = $55.76 |
Most Recent Note - 12/27/2010 12:37:14 PM
G - Holding its ground today following a loss on 12/23/10 with above average volume after reporting plans to acquire Sonic Solutions (SNIC) in a $720 Million deal. It is extended from its latest base after wedging to highs without great volume conviction. Prior chart highs and its 50 DMA line define important support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 12/13/2010. Click here.
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Symbol - Exchange - Industry Group Company Name |
Last |
Chg |
Day High |
52 WK Hi |
% From Hi |
Volume % DAV |
DAV |
AIMC
- NASDAQ - MANUFACTURING - Industrial Electrical Equipmen
Altra Industrial Motion
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$20.53 |
-0.39 -1.86%
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$21.01
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$21.19
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-3.11% |
143,728 94.19%
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152,600
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Most Recent Note for AIMC - 12/27/2010 12:18:51 PM
Hovering near its all-time after a streak of volume-driven gains. Prior mid-day reports noted - "Recent quarters showed better sales and earnings, and technically it broke out of an orderly base on the prior session and touched a new 52-week high. Base was formed in the interim since last noted in the 5/06/10 mid-day report - 'Fundamentals are below guidelines of the fact-based system and slumped badly since it was dropped from the Featured Stocks list on 9/24/08.'"
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ANEN
- NASDAQ - ELECTRONICS - Scientific & Technical Instrum
Anaren Inc
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$20.63 |
-0.11 -0.53%
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$21.20
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$21.78
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-5.28% |
103,600 180.49%
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57,400
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Most Recent Note for ANEN - 12/27/2010 12:19:51 PM
Perched near its 52-week high today, stubbornly holding its ground while enduring distributional pressure. It steadily rose since noted in the 12/01/10 mid-day report and noted in mid-November reports - "Recent quarterly financial reports show sales and earnings growth improving, but lackluster prior quarters and its up and down annual (A criteria) earnings history fall below the fact-based investment system guidelines. It was noted in the 7/13/09 mid-day report - 'Went through a deep correction after it was dropped from the Featured Stocks list on 10/03/06.'"
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ARMH
- NASDAQ - ELECTRONICS - Semiconductor - Specialized
A R M Holdings Plc Ads
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$20.14 |
-0.29 -1.42%
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$20.23
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$21.03
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-4.23% |
1,857,040 62.53%
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2,969,900
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Most Recent Note for ARMH - 12/27/2010 12:21:04 PM
Perched near its 52-week high after breaking out from a cup-with-handle type base with considerable gap up gains last week. Prior mid-day report noted -"No resistance remaining after recent volume-driven gains. Recent quarters show improving sales and earnings however its prior comparisons and annual earnings history (A criteria) are below the guidelines of the fact based investment system.'"
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ASMI
- NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate
A S M International Adr
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$33.76 |
+0.36
1.08%
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$33.90
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$33.90
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-0.41% |
48,116 60.45%
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79,600
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Most Recent Note for ASMI - 12/27/2010 12:22:26 PM
Holding its ground at its 52-week high and near its 2008 high ($33.60). Quarterly and annual earnings results include blue triangles beside the reported earnings figures - the blue triangles are symbols indicating that pre-tax, non-recurring items were included (where possible, such items are normally removed to provide data better suited for comparison). The 3 prior mid-day reports noted - "Recent quarters show sales and earnings improving but prior history is below the fact-based system's guidelines."
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AXTI
- NASDAQ - ELECTRONICS - Semiconductor - Integrated Cir
A X T Inc
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$9.16 |
+0.23
2.58%
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$9.19
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$9.30
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-1.50% |
409,495 74.55%
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549,300
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Most Recent Note for AXTI - 12/27/2010 12:24:36 PM
After 4 consecutive gains it is perched near its 52-week high. Prior mid-day reports noted - "Recent quarters show sales and earnings improving but prior history is below the fact-based system's guidelines. It steadily advanced throughout this year, building orderly base-on-base type patterns, and recently broke out above its 2008 high. Low-priced stocks are riskier choices, and its 'late stage' breakout on Friday came from another short consolidation, not a sound looking base."
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BSQR
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software
B Square Corp
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$8.55 |
+0.20
2.38%
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$8.61
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$9.29
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-7.97% |
149,584 101.07%
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148,000
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Most Recent Note for BSQR - 12/27/2010 12:26:01 PM
Hit another new 52-week high today following considerable gains on heavy volume. Prior mid-day reports noted it as - "Extended from any sound base after a streak of volume-driven gains. Recent quarters show sales and earnings improving but prior history is below the fact-based system's guidelines."
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CRR
- NYSE - MATERIALS & CONSTRUCTION - General Building Materials
Carbo Ceramics Inc
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$102.61 |
+2.68
2.68%
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$102.95
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$104.85
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-2.14% |
143,873 62.36%
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230,700
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Most Recent Note for CRR - 12/27/2010 12:27:47 PM
Perched near its all-time high, extended from any sound base, yet there is no overhead supply to act as resistance now. It endured distributional pressure after a recent analyst downgrade. It made meaningful price progress since noted in the 10/28/10 mid-day report - "Recent quarterly results showed great earnings and sales increases versus the year ago period. Prior quarterly and annual earnings (A criteria) history is below guidelines."
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DXPE
- NASDAQ - WHOLESALE - Industrial Equipment Wholesale
D X P Enterprises Inc
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$24.15 |
-0.14 -0.58%
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$24.42
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$24.61
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-1.87% |
50,339 96.99%
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51,900
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Most Recent Note for DXPE - 12/27/2010 12:29:48 PM
Perched near its 52-week high following small gains without great volume conviction. It made steady progress since a breakout on 11/02/10, followed by a 11/24/10 breakout from a longer base-on-base type pattern. The C and A criteria are not satisfied today. Based on weak action it was dropped from the Featured Stocks list on 10/03/08 and fundamentals deteriorated afterward while it slumped from above $21 to as low as $8.57 before rebounding. The latest quarter Jun and Sept '10 showed better sales revenues and earnings after at least 4 quarters of negative comparisons.
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NNBR
- NASDAQ - MANUFACTURING - Machine Tools & Accessories
N N Inc
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$11.58 |
+0.09
0.78%
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$11.59
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$11.71
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-1.11% |
76,154 57.82%
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131,700
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Most Recent Note for NNBR - 12/27/2010 12:32:22 PM
Holding its ground stubbornly and inching to new 52-week highs following considerable gains with above average volume. Noted in prior mid-day reports - "Recent quarterly comparisons show improving sales and earnings after big losses in FY '09."
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PRGS
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software
Progress Software Corp
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$43.50 |
+0.12
0.28%
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$43.88
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$45.23
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-3.82% |
167,476 71.08%
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235,600
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Most Recent Note for PRGS - 12/27/2010 12:33:23 PM
Holding its ground after hitting a new 52-week high with a considerable volume-driven gain on 12/22/10. It reported earnings +16% on +6% sales revenues for the quarter ended November 30, 2010 versus the year ago period. It has steadily advanced and stubbornly held its ground since the 10/15/10 mid-day report noted - "Rallying to a new 52-week and multi-year high. Earnings increases above the +25% guideline in the 3 latest quarterly comparisons are a reassuring sign and helped it earn high ranks. However, sales revenues increases in the +6-9% range over the recent period fall below the fact-based investment system's guidelines for robust growth in demand typical of a hot new (N criteria) product or service. On 12/20/2005 it was dropped from the CANSLIM.net Featured Stocks list."
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RAVN
- NASDAQ - ELECTRONICS - Printed Circuit Boards
Raven Industries
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$47.82 |
+0.07
0.14%
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$48.02
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$49.59
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-3.58% |
24,809 67.97%
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36,500
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Most Recent Note for RAVN - 12/27/2010 12:35:46 PM
Consolidating after recently reaching new 52-week and all-time highs, holding its ground above prior highs and its 50 DMA line while enduring distributional pressure. Prior mid-day reports noted - "The 3 latest quarterly comparisons showed strong sales revenues and earnings increases after a streak of negative comparisons. Its annual earnings history (A criteria) has been slow and steady, but below guidelines."
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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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