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 MIDDAY BREAKOUTS REPORT - FRIDAY, SEPTEMBER 10TH, 2010
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DOW 10444.68 29.44 (0.28%) | NASDAQ 2234.21 -1.99 (-0.09%) | S&P 500 1107.2 3.02 (0.27%)
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Time of Screening :
9/10/2010 12:29:11 PM Report Released :
9/10/2010 1:42:23 PM
Price is:
Above 52W High and Less Than 52W High
but within 7% 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 |
IGTE
- NASDAQ
Igate Corp
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$17.42
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-0.26
-1.47%
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$18.02
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282,988
79.60% of 50 DAV
50 DAV is 355,500
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$18.23
-4.44%
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9/8/2010 |
$17.29
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PP = $18.26
MB = $19.17 |
Most Recent Note - 9/10/2010 1:05:16 PM
Y - Trading above average volume, churning near its 52-week high, the heavier volume and lack of meaningful price progress above its pivot point is considered a sign of distributional pressure. Color code was changed to yellow as it met the 9/08/10 mid-day report screening criteria (read here), identifying it as an ideal leader for investors' watchlists. This high-ranked Fremont, CA-based firm built an orderly new base, however, it is a riskier "late-stage" base. Another concern was noted in prior mid-day reports -"The downturn in FY '09 earnings hurts its annual earnings (A criteria) track record."
There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
AHGP
- NASDAQ - METALS &; MINING - Nonmetallic Mineral Mining
Alliance Holdings Gp Lp
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$38.55 |
+0.00
0.00%
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$38.70
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$40.44
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-4.67% |
80,713
148.37%
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54,400
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Most Recent Note for AHGP - 9/10/2010 12:33:13 PM
Gapped up yesterday and challenged its 8/30/10 high then erased most of its gain quickly. The action is considered "churning" and a sign of distributional pressure while it is continuing its base-on-base type pattern since last noted in the mid-day report on that (8/30) session which ended with a negative reversal. Latest quarter ended June 30, 2010 showed better sales and earnings increases versus the year earlier, but prior quarterly comparisons and annual earnings (A criteria) growth have not been strong and steady. Noted in earlier mid-day reports - "its fundamentals have remained below the guidelines of the investment system."
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I M
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ARG
- NYSE - WHOLESALE - Industrial Equipment Wholesale
Airgas Inc
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$64.95 |
+0.12
0.19%
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$65.64
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$66.99
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-3.05% |
1,246,306
112.76%
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1,105,300
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Most Recent Note for ARG - 9/10/2010 12:34:49 PM
Not showing sales or earnings growth meeting the guidelines. It recently slumped below its 50 DMA line. Traded in a tight range since gapping up in Feb 2010 on merger/acquisition news.
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ARLP
- NASDAQ - METALS & MINING - Nonmetallic Mineral Mining
Alliance Res Partners Lp
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$57.80 |
+1.52
2.70%
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$58.52
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$58.52
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-1.23% |
79,005
78.15%
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101,100
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Most Recent Note for ARLP - 9/10/2010 12:39:42 PM
Hitting a new 52-week high and it also traded above its 2008 all-time high today. It has been steadily rising since noted in recent mid-day reports - "This MLP in the Energy - Coal industry has a quarterly and annual earnings history that has not been strong and steady."
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ARMH
- NASDAQ - ELECTRONICS - Semiconductor - Specialized
A R M Holdings Plc Ads
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$18.31 |
-0.53
-2.79%
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$18.62
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$19.14
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-4.36% |
3,710,764
127.53%
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2,909,700
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Most Recent Note for ARMH - 9/10/2010 12:45:41 PM
Pulling back from its 52-week high. Noted in recent mid-day reports -"No resistance remaining after recent volume-driven gains, and noted in recent mid-day reports - 'After basing above its 50 DMA line for about 5 weeks since gapping up on 7/23/10. 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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CCE
- NYSE - FOOD & BEVERAGE - Beverages - Soft Drinks
Coca Cola Enterprises
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$30.20 |
+0.44
1.48%
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$30.22
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$30.25
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-0.17% |
3,541,696
101.90%
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3,475,700
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Most Recent Note for CCE - 9/10/2010 12:57:22 PM
Hit a new 52-week today. Sales and earnings history below guidelines.
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CIB
- NYSE - BANKING - Foreign Regional Banks
Bancolombia Sa Ads
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$63.29 |
-0.61
-0.95%
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$65.74
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$66.72
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-5.14% |
382,882
77.24%
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495,700
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Most Recent Note for CIB - 9/10/2010 12:58:23 PM
Consolidating near prior chart highs after gains last week with heavy volume helped it break out from a 6-week base above its 50 DMA line. Noted in prior mid-day reports - "This Colombia-based bank operating company's quarterly and annual earnings history has been erratic, with sales revenues not growing."
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I M
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EC
- NYSE - ENERGY - Independent Oil & Gas
Ecopetrol Sa Adr
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$41.60 |
-0.64
-1.52%
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$42.68
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$42.68
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-2.53% |
249,927
135.90%
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183,900
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Most Recent Note for EC - 9/10/2010 12:59:36 PM
Reversed into the red after early gains today for another new all-time high. Noted in recent mid-day reports - "Very extended from a sound base after clearing resistance at the $30 level. Colombian Oil and Gas - Integrated firm reported strong sales and earnings increases for the quarter ended June 30, 2010 versus the year earlier period. Recent quarterly comparisons have shown great improvement, but its prior quarterly and annual earnings history has been below guidelines of the fact-based system."
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LQDT
- NASDAQ - INTERNET - Internet Software &; Services
Liquidity Services Inc
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$14.55 |
+0.09
0.59%
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$14.60
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$14.60
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-0.38% |
60,326
86.06%
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70,100
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Most Recent Note for LQDT - 9/10/2010 1:12:32 PM
Inching higher since technically breaking out on 9/08/10 with a gain backed by more than 2 times average volume. It now has 2 consecutive quarters of better sales and earnings, but as noted in prior mid-day reports - "Prior quarterly comparisons were negative. Its technical action could be described as 'wedging' to new highs, meanwhile its sub par fundamentals are below the investment system guidelines. On 2/28/08 it was dropped from the CANSLIM.net Featured Stocks list and fundamentals subsequently turned south."
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MSB
- NYSE - FINANCIAL SERVICES - Diversified Investments
Mesabi Trust
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$31.22 |
+1.06
3.51%
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$31.44
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$31.47
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-0.79% |
184,069
93.29%
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197,300
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Most Recent Note for MSB - 9/10/2010 1:15:53 PM
Near its 52-week high after steadily advancing. Wider intra-day price swings are indicative of uncertainty after getting extended from the cup-with-handle type base pattern previously noted. Prior mid-day reports noted - "The 2 latest quarters showed better increases but prior quarters and annual earnings history has been below guidelines of the fact-based investment system."
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PCG
- NYSE - UTILITIES - Diversified Utilities
P G & E Corporation
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$45.10 |
-3.14
-6.51%
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$47.12
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$48.34
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-6.70% |
15,467,324
565.24%
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2,736,400
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Most Recent Note for PCG - 9/10/2010 1:38:15 PM
Down today after tragic explosion making headlines out of San Francisco. Noted in 8/25/10 mid-day report - "Sales and earnings history are below guidelines."
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I M
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VGR
- NYSE - TOBACCO - Cigarettes
Vector Group Ltd
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$20.51 |
+0.01
0.05%
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$20.70
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$20.70
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-0.92% |
310,274
92.48%
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335,500
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Most Recent Note for VGR - 9/10/2010 1:41:49 PM
Hit another new 52-week high today. Steadily rose with gains on above average volume since its 9/03/10 gap up gain on heavier volume after a tight consolidation for 6 weeks. Noted in recent mid-day reports - "This Tobacco firm's earnings history is below the fact-based system's 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,
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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