CANSLIM.net NEWS MONTHLY NEWSLETTER
FOR SEPTEMBER 2011
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DOW 11,613.53 YTD +0.31% |
Nasdaq 2,579.46 YTD -2.77% | S&P 500 1,218.89
YTD -3.08% (as of 8/31/2011)
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Rally Lacked Signs of Robust Leadership
Kenneth J. Gruneisen, Founder and Contributing Writer, www.CANSLIM.net
In April, and again in July of this year, the tech-heavy Nasdaq Composite Index attempted to make progress above its historic high of 2,861.50 from October 31, 2007, but each time it encountered distributional pressure. Between those peaks, the 2,600 level which had been an earlier support level acted as support along with its 200-day moving average (DMA) line at its June lows, however, its latest plunge decisively sliced through that prior chart support. A recent 5-day winning streak with a strong volume-driven finish helped the Nasdaq Composite Index finally rally for a close above its downward sloping 50-day moving average (DMA) line for the first time since July 29th. Its progress above the 2,600 level was another important technical improvement. But the tech-heavy index quickly got into trouble and slumped below those key levels again.
PICTURED 1: The Nasdaq Composite Index had rallied above the 2,600 level and managed one brief close above its 50-day moving average (DMA) line since July 29, 2011, then abruptly reversed. After its gap down on Thursday last week it has still been trading well above its 8/09/11 low.
Breadth on the Nasdaq exchange has not shown the encouraging characteristics one might expect by its having been the first of the major averages to reclaim its 50 DMA line.
PICTURED 2: The Nasdaq's Advance/Decline line on the above graph illustrates that the action has been mixed or slanted with a negative bias in the weeks since the major averages marked their "Day 1" lows on 8/09/11.
PICTURED 3: The NYSE Advance/Decline line has been moving slightly higher and sideways since 8/09/11 lows marked "Day 1" of the latest rally.
Uncertainty remains while mixed U.S. economic data and Europe's crisis still top the headlines, breeding volatility. Positives helping the market are that corporate earnings remain strong, the U.S. Economy is expanding, and the Federal Reserve remains open to additional stimulus measures. Conversely, unemployment remains high and the situation over in the Euro zone is far from resolved. More convincing signs may eventually begin to surface that lead to another leg up in the Bull Market. At the latest correction's lows, the major averages have recently slumped within a couple of percentage points of the -20% threshold which is considered the "official" mark of a Bear Market.
MONEY FLEES FUNDS
Uncertainty and fear were the catalysts for recent, abrupt fund flows. August saw the heaviest outflows of money from mutual funds since the financial crisis began in 2008, according to a new report from Morningstar. The independent investment research firm says that redemptions of long-term mutual funds nearly doubled in the month to $32.5 billion, almost doubling the already high outflow of $17.1 billion from mutual funds in July. The biggest loser was US stock funds, which saw net redemptions of $15.3 billion. But even once-popular international stock funds and balanced funds suffered net redemptions in August, with outflows of $2.9 billion and $2.3 billion, respectively.
Where did investors turn as they fled stocks and bonds? The Morningstar report found them turning to money market funds, which saw inflows of a whopping $74.8 billion, the biggest increase for money funds since January 2009. The dismally low rates currently paid on money market deposits would hardly be considered alluring. The inflow to money market funds went halfway toward reversing the huge two-month outflow of $150.0 billion which the asset class had suffered in the prior two months.
LEADERSHIP SPORADICALLY ELUSIVE
The best gauge of leadership if the stock market is the list of stocks hitting new 52-week highs. Regular readers will recall that choppy action this year has led to several impressive expansions in the new highs list followed by sudden droughts in leadership where the number of high-ranked leaders appearing on the BreakOuts Page could easily be counted on one hand. Any sustainable rally requires a healthy crop of strong leaders hitting new 52-week highs. This is a reminder that has frequently been repeated. Relying on the fact-based system and following its disciplines gives investors smart tactical advantages in their quest for "above average" returns. As always, do not fight the tape or force unjustified trades.
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Kenneth J. Gruneisen has successfully completed the CAN SLIM® Certification Program. Mr. Gruneisen became a Registered Representative in 1987 and his career includes experience offering personalized assistance to investors with more than a decade of experience as a Registered Principal managing a branch office.
The recommendations made by CAN SLIM® certified individuals are their own and may not be attributed to the CAN SLIM® Certification Program, William O'Neil & Co., Investor's Business Daily or their affiliates. The CAN SLIM® Certification indicates only that the individual has successfully completed the CAN SLIM® Certification Program. CAN SLIM®, William O'Neil & Co., Investor's Business Daily and any of their affiliates are in no way responsible for any loss or damage caused as a result of the services provided by these individuals.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. 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. |
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You
stack the odds of making a winning trade
in your favor by choosing a leading
company in a leading industry group, so
when buying stocks be sure to choose one
with plenty of company, that is a
stock trading among a group of several
strong-performing peers!
Familiarize yourself with the list of
the top performing industry groups and
leading stocks listed below. These
symbols and related companies ARE NOT
intended to be construed as a list of
timely and proper choices based on the
CAN SLIM® investment
program. These pace-setters in each of
the currently top-ranked groups listed
may not presently fit within the
guidelines we suggest adhering to. The
point is that it is always wise to
choose leaders in the same or a very
similar business to that of the
strongest stocks in the market. Find
companies that resemble other strong
stocks' leadership characteristics.
This Market's Leading Groups summary page lists the industry groups that produced the most stocks hitting new 52-week highs the greatest number of days in the past month. You stack the odds of making a winning trade in your favor by choosing a leading company in a leading industry group (L criteria). So, when buying stocks, be sure to choose a stock trading among a group that includes several strong-performing peers.
The listed companies below are not to be construed as timely and proper choices, as many of these pace-setters may have fundamental and technical flaws which make them not good matches with the guidelines for buy candidates under the fact-based investment system (click to see the Company Profile pages for selected issues and review the most recent notes and prior coverage from our experts highlighting certain strengths or shortcomings these companies may have). Historic studies have proven that it is wise to choose leaders in the same or a very similar business to that of the strongest stocks currently in the market. Familiarize yourself with the top-performing industry groups and leading stocks listed below.
| 135 |
DIVERSIFIED SERVICES |
FLT - 14, ACM - 13, HTZ - 10, MMS - 9, EFX - 8, ASGN - 6, PRXL - 6, V - 6, MA - 6, WXS - 5, BBSI - 5, CSV - 5, EEFT - 5, ABCO - 4, CAP - 4, N - 4, NTSP - 4, TISI - 4, UHAL - 4, SCI - 3, UNF - 2, CHE - 2, PRAA - 1, GA - 1, HAFC - 1, HCSG - 1, VRSK - 1, IT - 1,
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| 131 |
MATERIALS & CONSTRUCTION |
LEN - 11, PHM - 11, RYL - 11, NTK - 9, PWR - 8, MTZ - 8, BECN - 8, CSTE - 8, DW - 7, SPF - 7, SHW - 6, LPX - 6, USCR - 6, VAL - 5, MTH - 5, NCS - 5, TREX - 4, MHO - 2, GLDD - 2, DHI - 1, MDC - 1,
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| 124 |
HEALTH SERVICES |
CSU - 12, TMH - 12, RMD - 11, CYH - 11, UHS - 10, THC - 9, CI - 9, CMN - 8, SIRO - 7, AEGN - 6, HCA - 6, MD - 6, VAR - 4, VASC - 4, VHS - 2, COO - 2, CYBX - 2, MR - 1, MWIV - 1, SYK - 1,
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| 117 |
FINANCIAL SERVICES |
PJC - 13, VRTS - 12, WD - 11, WDR - 10, AMG - 10, FNGN - 10, BLK - 8, PLUS - 7, HLSS - 6, KFN - 4, OAK - 4, NSM - 3, RJF - 3, CG - 3, CPSS - 3, ECPG - 2, GS - 2, MKTX - 2, NNI - 2, AMP - 1, WAC - 1,
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| 104 |
COMPUTER SOFTWARE & SERVICES |
NCR - 11, TYL - 10, TYPE - 8, NTCT - 8, MDAS - 7, ADS - 7, CYOU - 6, FISV - 6, VRTU - 5, PERI - 4, ORCL - 4, CVLT - 4, CSPI - 4, CTGX - 4, CSGP - 3, DGI - 3, MANH - 3, PDFS - 2, CTRX - 2, AZPN - 1, ELLI - 1, MENT - 1,
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| 97 |
MANUFACTURING |
HEES - 10, LNN - 9, NDSN - 9, TRS - 8, CFI - 8, LDL - 7, AME - 6, MIDD - 6, FELE - 5, HOLI - 5, AZZ - 4, CLW - 4, ENS - 4, PRLB - 4, TEX - 4, VMI - 4,
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| 95 |
CHEMICALS |
MTX - 11, WLK - 11, IFF - 9, FUL - 8, EMN - 8, RNF - 8, SCL - 8, CYT - 7, SYT - 6, NEU - 4, POL - 4, BG - 4, LNDC - 3, ACET - 2, FMC - 2,
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| 86 |
ELECTRONICS |
MTD - 10, PKI - 10, TRMB - 9, DAKT - 7, FEIC - 7, ARMH - 6, AMBA - 5, EXAR - 5, UTEK - 5, XXIA - 5, CREE - 4, APH - 3, IPGP - 3, MPWR - 3, TSM - 3, RFIL - 1,
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| 82 |
ENERGY |
SXL - 13, MRC - 11, CVI - 11, PAA - 9, EQM - 7, ASH - 7, GEOS - 7, OII - 6, BCEI - 4, ESV - 3, FET - 3, HP - 1,
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| 82 |
BANKING |
BOFI - 10, FFIN - 8, OKSB - 8, BAP - 8, OABC - 7, PROV - 7, ANCX - 5, EGBN - 5, HOME - 4, IBN - 4, RF - 3, BSMX - 3, HBNC - 2, JPM - 1, SMFG - 1, TOWN - 1, CFNL - 1, FBC - 1, BANR - 1, BPOP - 1, OCN - 1,
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| 78 |
MEDIA |
TVL - 11, DISCK - 8, CMCSA - 8, CNK - 8, DISCA - 6, RUK - 6, LINTA - 6, LMCA - 5, NXST - 5, SBGI - 4, STRZA - 3, VCI - 3, VIAB - 3, AMCX - 1, VIA - 1,
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| 76 |
TRANSPORTATION |
AIRM - 9, ODFL - 9, CPA - 8, KSU - 7, ALK - 7, OMAB - 7, ARII - 6, LCC - 5, PAC - 5, SAIA - 5, JBLU - 3, BRS - 2, ALGT - 1, HA - 1, JBHT - 1,
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| 75 |
INSURANCE |
AFSI - 14, HMN - 10, HCC - 9, PUK - 9, FNF - 8, FAF - 5, PTP - 5, AGII - 4, CNO - 3, SNFCA - 3, STC - 3, TRV - 2,
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| 69 |
FOOD & BEVERAGE |
FMX - 11, HRL - 10, TSN - 10, INGR - 7, POST - 6, SAM - 4, CAG - 4, JJSF - 4, AFCE - 3, JBSS - 3, STZ - 3, PPC - 3, CHUY - 1,
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| 66 |
CONSUMER NON-DURABLES |
CSL - 11, SWM - 11, JAH - 9, GPK - 7, PVH - 6, CTB - 5, PKG - 4, NP - 3, CRI - 3, PBH - 2, TIS - 2, TUP - 2, ECL - 1,
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| 58 |
DRUGS |
VRX - 11, NVO - 10, CELG - 10, MDCO - 7, CBPO - 6, NUTR - 4, TRIB - 3, ALKS - 2, ABAX - 1, IART - 1, LCI - 1, MYL - 1, RGEN - 1,
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| 49 |
SPECIALTY RETAIL |
CPRT - 11, SIG - 9, FCFS - 7, KMX - 6, LAD - 6, ABG - 6, OSTK - 2, PAG - 2,
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| 47 |
LEISURE |
MSG - 14, KKD - 11, DIN - 6, MAIN - 5, FRGI - 3, PZZA - 3, RUTH - 2, HTHT - 2, WYN - 1,
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| 47 |
CONSUMER DURABLES |
CSCD - 11, LII - 10, LEG - 9, AOS - 7, BSET - 5, SODA - 5,
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| 46 |
INTERNET |
RAX - 7, EXPE - 6, GSOL - 6, CRM - 5, EBAY - 5, OPEN - 5, QIHU - 5, YHOO - 3, SFUN - 2, LNKD - 1, AKAM - 1,
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| 41 |
TELECOMMUNICATIONS |
EQIX - 10, EGHT - 7, NSR - 6, MSI - 5, RKUS - 4, NMRX - 3, RCI - 2, KVHI - 2, AMT - 1, SI - 1,
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| 37 |
RETAIL |
PIR - 6, URBN - 6, HD - 5, HSNI - 5, HVT - 4, LL - 4, DEST - 3, TTS - 3, KORS - 1,
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| 35 |
REAL ESTATE |
EXR - 12, SSS - 9, COR - 6, ABR - 3, CLDT - 3, AAT - 1, LSE - 1,
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| 31 |
CONGLOMERATES |
TMO - 14, SXI - 12, PPG - 5,
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| 24 |
COMPUTER HARDWARE |
DDD - 10, SSYS - 5, WDC - 4, CCUR - 2, STX - 2, SILC - 1,
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| 19 |
WHOLESALE |
DXPE - 9, DPZ - 5, LKQ - 4, MCK - 1,
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| 18 |
METALS & MINING |
RTI - 6, WOR - 5, KALU - 5, PCP - 1, DRD - 1,
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| 9 |
AUTOMOTIVE |
TM - 3, PII - 2, THO - 1, TTM - 1, WAB - 1, DORM - 1,
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| 9 |
UTILITIES |
AWR - 8, BKH - 1,
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| 8 |
AEROSPACE/DEFENSE |
BEAV - 3, KAMN - 2, TDG - 2, TASR - 1,
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INM September 2011 - What You Can Believe In
Kenneth J. Gruneisen, Founder and Contributing Writer, www.CANSLIM.net
Mark-to-market accounting is not a topic of frequent discussion at the dinner table in most households, but everyone has been impacted by the unexpected economic ramifications of well-intended changes to the mark-to-market rules companies must follow. Investors might feel reassured if they believed that the markets were better regulated today than before, and if they believed that all publicly traded companies were fairly and fully disclosing all important financial assets and liabilities. Unfortunately, for all of the trouble and pain they have endured in recent years, and despite the light that has been shed on the industry's dealings, investors are still somewhat in the dark about potential troubles still lurking.
Following the controversial and destructive implosions of companies like Enron and WorldCom, policy-makers and financial industry regulators scrambled to make adjustments aimed a protecting investors from companies' tricky accounting maneuvers. In its day, the Enron bankruptcy was the second largest bankruptcy case resulting from one of the largest corporate fraud scandals. On July 21, 2002, WorldCom filed for Chapter 11 bankruptcy protection in the largest such filing in United States history at the time (since overtaken by the collapse of Lehman Brothers and Washington Mutual in September 2008).
Former Federal Deposit Insurance Corporation Chair William Isaac placed much of the blame for the subprime mortgage crisis on the Securities and Exchange Commission and its fair-value accounting rules, especially the requirement for banks to mark their assets to market, particularly mortgage-backed securities. This accounting rule requires companies to adjust the value of marketable securities (such as the mortgage-backed securities (MBS) at the center of the crisis) to their market value. The intent of the standard is to help investors understand the value of these assets at a point in time, rather than just their historical purchase price.
Statements of Financial Accounting Standards No. 157, Fair Value Measurements, commonly known as "FAS 157", is an accounting standard issued in September 2006 by the Financial Accounting Standards Board (FASB) which became effective for entities with fiscal years beginning after November 15, 2007. Few pundits have made the direct correlation with the timing of this new standard and the closely coinciding October 2007 top in US equities, however the timing may be purely coincidental.
On April 9, 2009, FASB issued an official update to FAS 157 that eased the mark-to-market rules when the market is unsteady or inactive. Early adopters were allowed to apply the ruling as of March 15, 2009, and the rest as of June 15, 2009. It was anticipated that these changes could significantly boost banks' statements of earnings and allow them to defer reporting losses while paying large bonuses to their executives. Few have made the direct correlation with the timing of this new standard and the closely coinciding March 2009 bottom in US equities, however it may just be coincidental timing, again.
PICTURED: The weekly graph of the S&P 500 Index illustrates when changes were made to "mark-to-market" rules near key turning points.
Some today are increasingly concerned at the unknown extent of a handful of leading financial firms' looming liabilities following the "recovery" which has been widely publicized. Last week Citigroup Inc (C), Bank of America Corp (BAC) and JP Morgan Chase & Co (JPM) each reached lows that they have not seen since April 2009, Goldman Sachs Group (GS) hit lows not seen since March 2009, and Morgan Stanley (MS) hit lows not seen since December 2008. The market hates uncertainty, and apparently the tide is rising in a sea of uncertainty right now that is consuming the financial sector. History has proven that the action in the financial indexes is usually a reliable leading indicator for broader market averages. A financial industry that is hard to believe in directly translates into a stock market that is hard to believe in.
BELIEVE IN YOU
Believe in your ability to succeed, and with persistence you can. Focus on maintaining a healthful attitude, thinking supportive thoughts that create an environment in which you and your portfolio can thrive.
It's true: You do your best when you have encouragement. So to do your best you become your own coach and cheering section, changing each thought of "I can't" to "I can." You should give yourself appropriate rewards when you have succeeded in releasing losing positions that have weighed your portfolio down for a period of time. Celebrate your freedom. Whenever you forgive yourself for a setback, you are setting yourself free from thoughts of self-criticism or self-blame. Then you are able to start again with renewed energy and optimism.
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Kenneth J. Gruneisen has successfully completed the CAN SLIM® Certification Program. Mr. Gruneisen became a Registered Representative in 1987 and his career includes experience offering personalized assistance to investors with more than a decade of experience as a Registered Principal managing a branch office.
The recommendations made by CAN SLIM® certified individuals are their own and may not be attributed to the CAN SLIM® Certification Program, William O'Neil & Co., Investor's Business Daily or their affiliates. The CAN SLIM® Certification indicates only that the individual has successfully completed the CAN SLIM® Certification Program. CAN SLIM®, William O'Neil & Co., Investor's Business Daily and any of their affiliates are in no way responsible for any loss or damage caused as a result of the services provided by these individuals.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. 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. |
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For the September 2011 issue we have no new stocks to add. The current list of 15 Featured Stocks includes some new (first time Featured) and returning names along with some high-ranked leaders which have been on the list for a long time. Two thirds of those high-ranked leaders are color coded green so they may not be considered action-worthy, and the M criteria argues against any new buying efforts until a new confirmed rally with follow-through day occurs. If more sound bases develop, new stocks will be added or current stocks may have a new pivot point noted and their color code may change again to yellow. Make sure that you are staying tuned to the daily reports and watching for email notifications whenever new reports are published! |
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Kenneth J. Gruneisen has successfully completed the CAN SLIM® Certification Program. Mr. Gruneisen became a Registered Representative in 1987 and his career includes experience offering personalized assistance to investors with more than a decade of experience as a Registered Principal managing a branch office.
The recommendations made by CAN SLIM® certified individuals are their own and may not be attributed to the CAN SLIM® Certification Program, William O'Neil & Co., Investor's Business Daily or their affiliates. The CAN SLIM® Certification indicates only that the individual has successfully completed the CAN SLIM® Certification Program. CAN SLIM®, William O'Neil & Co., Investor's Business Daily and any of their affiliates are in no way responsible for any loss or damage caused as a result of the services provided by these individuals.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. 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. |
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Color Codes Explained :
Y - Yellow - Better candidates highlighted by our staff
of experts.
G - Green - Previously featured in past reports as yellow but may no
longer be buyable under the guidelines.
W - White designates that the
stock has been dropped over the course of the month. Refer to the
associated notes for that stock for further explanation.
Quote details are snapshots of price/volume detail captured at
the time the note was taken.
Symbol/Exchange
Company Name
Industry Group |
Last |
Chg. |
Vol
% DAV |
Date Featured |
Price Featured |
Latest Pivot Point
Featured |
| Latest Max Buy Price |
ATHN
- NASDAQ
Athenahealth Inc
DIVERSIFIED SERVICES - Business/Management Services
|
$48.69
|
-5.00
|
1,168,033
213% DAV
549,500
|
7/22/2011
(Date
Featured) |
$57.30
(Price
Featured) |
PP = $50.66 |
| MB = $53.19 |
Most Recent Note - 8/8/2011 4:50:39 PM
Gapped down for another considerable loss today, violating prior highs in the $50 area that were noted as important chart support. Due to its technical deterioration more than -21% off its high it will be dropped from the Featured Stocks list tonight.
>>> The latest Featured Stock Update with an annotated graph appeared on 7/27/2011. click here.
|
C
A N
S L
I M |
StockTalk |
News |
Chart |
SEC
View all notes Alert
me of new notes CANSLIM.net Company
Profile ZACKS
|
BIDU
- NASDAQ
Baidu.Com Inc Ads
INTERNET - Internet Information Providers
|
$140.99
|
-2.93
|
14,895,592
162% DAV
9,183,100
|
7/26/2011
(Date
Featured) |
$164.32
(Price
Featured) |
PP = $156.14 |
| MB = $163.95 |
Most Recent Note - 8/5/2011 6:19:31 PM
Rebounded after slumping below its 50 DMA line today, but the deterioration deeper into its prior base with another damaging loss on above average volume raised greater concerns. It will be dropped from the Featured Stocks list tonight.
>>> The latest Featured Stock Update with an annotated graph appeared on 7/28/2011. click here.
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C
A N
S L
I M |
StockTalk |
News |
Chart |
SEC
View all notes Alert
me of new notes CANSLIM.net Company
Profile ZACKS
|
CACC
- NASDAQ
Credit Acceptance Corp
FINANCIAL SERVICES - Credit Services
|
$74.00
|
-1.00
|
50,223
130% DAV
38,500
|
6/2/2011
(Date
Featured) |
$76.10
(Price
Featured) |
PP = $82.39 |
| MB = $86.51 |
Most Recent Note - 8/5/2011 6:22:02 PM
Down today for a 4th consecutive loss with above average volume. Its 200 DMA line defines the next support near the $70 level. Based on weak action it will be dropped from the Featured Stocks list tonight.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/27/2011. click here.
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C
A N
S L
I M |
StockTalk |
News |
Chart |
SEC
View all notes Alert
me of new notes CANSLIM.net Company
Profile ZACKS
|
EXLS
- NASDAQ
First Advantage Corporation
DIVERSIFIED SERVICES - Business/Management Services
|
$25.95
|
+0.15
|
152,917
169% DAV
90,300
|
8/2/2011
(Date
Featured) |
$24.85
(Price
Featured) |
PP = $24.85 |
| MB = $26.09 |
Most Recent Note - 8/31/2011 6:42:40 PM
Y - Gain today with above average volume led to a finish 3 cents below its best close of 2011, adding to a recent spurt of volume-driven gains and approaching its "max buy" level. Its 50 DMA line defines important chart support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/25/2011. click here.
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C
A N
S L
I M |
StockTalk |
News |
Chart |
SEC
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me of new notes CANSLIM.net Company
Profile ZACKS
|
FCFS
- NASDAQ
First Cash Financial Svc
SPECIALTY RETAIL - Specialty Retail, Other
|
$46.47
|
-0.47
|
223,942
68% DAV
328,900
|
5/31/2011
(Date
Featured) |
$42.00
(Price
Featured) |
PP = $40.23 |
| MB = $42.24 |
Most Recent Note - 8/31/2011 12:32:07 PM
G - Touched a new 52-week high with today's early gain then reversed into the red. It has not formed a sound new base pattern. Recently found support near its 50 DMA line. Prior lows near $37-38 define additional chart support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/22/2011. click here.
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C
A N
S L
I M |
StockTalk |
News |
Chart |
SEC
View all notes Alert
me of new notes CANSLIM.net Company
Profile ZACKS
|
FOSL
- NASDAQ
Fossil Inc
CONSUMER DURABLES - Recreational Goods, Other
|
$110.56
|
-3.31
|
1,416,626
192% DAV
736,900
|
2/1/2011
(Date
Featured) |
$73.30
(Price
Featured) |
PP = $74.44 |
| MB = $78.16 |
Most Recent Note - 8/5/2011 6:23:44 PM
Down again today with above average volume, finishing in the middle of its intra-day range after slumping near the $107 area previously noted as the next important support level to watch. Damaging losses this week with above average volume violated its 50 DMA line and triggered a technical sell signal. It will be dropped from the Featured Stocks list tonight.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/18/2011. click here.
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|
C
A N
S L
I M |
StockTalk |
News |
Chart |
SEC
View all notes Alert
me of new notes CANSLIM.net Company
Profile ZACKS
|
JCOM
- NASDAQ
J2 Global Communications
INTERNET - Internet Software & Services
|
$31.80
|
-0.20
|
226,384
63% DAV
359,700
|
8/8/2011
(Date
Featured) |
$30.38
(Price
Featured) |
PP = $29.31 |
| MB = $30.78 |
Most Recent Note - 8/31/2011 12:48:08 PM
G - Holding its ground today near its 52-week high after a solid volume-driven gain to new highs on the prior session indicative of institutional accumulation. Previous highs in the $30-31 area now define initial chart support on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/29/2011. click here.
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|
C
A N
S L
I M |
StockTalk |
News |
Chart |
SEC
View all notes Alert
me of new notes CANSLIM.net Company
Profile ZACKS
|
LULU
- NASDAQ
Lululemon Athletica
MANUFACTURING - Textile Manufacturing
|
$53.57
|
-2.42
|
8,115,138
193% DAV
4,194,900
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6/21/2011
(Date
Featured) |
$51.48
(Price
Featured) |
PP = $50.57 |
| MB = $53.10 |
Most Recent Note - 8/5/2011 6:12:56 PM
Damaging loss today with nearly 2 times average volume violated its 50 DMA line and raised concerns while triggering a technical sell signal. It tested prior resistance in the $51 area defining the next support level below its short-term average. Finished -17% off its 52-week high, and it will be dropped from the Featured Stocks list tonight based on its worrisome deterioration.
>>> The latest Featured Stock Update with an annotated graph appeared on 7/15/2011. click here.
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Profile ZACKS
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MA
- NYSE
Mastercard Inc Cl A
DIVERSIFIED SERVICES - Business/Management Services
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$329.71
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-0.02
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1,033,610
69% DAV
1,508,700
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8/3/2011
(Date
Featured) |
$324.82
(Price
Featured) |
PP = $322.38 |
| MB = $338.50 |
Most Recent Note - 8/31/2011 6:45:10 PM
Y - Still perched -3.1% off its 8/03/11 all-time high, quietly consolidating with light volume since recently finding support near its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/26/2011. click here.
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Profile ZACKS
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MG
- NYSE
Mistras Group Inc
DIVERSIFIED SERVICES - Bulding and Faci;ity Management Services
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$20.20
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-0.31
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246,274
161% DAV
152,500
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8/10/2011
(Date
Featured) |
$17.89
(Price
Featured) |
PP = $17.58 |
| MB = $18.46 |
Most Recent Note - 8/31/2011 6:46:41 PM
G - Encountered mild distributional pressure today while hovering near its all-time high. It has been recently noted as extended from its prior base, yet no resistance remains due to overhead supply. Previous resistance in the $17-18 area defines important chart support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/24/2011. click here.
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Profile ZACKS
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MKTX
- NASDAQ
MarketAxess Holdings Inc
FINANCIAL SERVICES - Investment Brokerage - Nationa
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$29.48
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-0.50
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340,538
139% DAV
244,700
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7/29/2011
(Date
Featured) |
$25.87
(Price
Featured) |
PP = $26.35 |
| MB = $27.67 |
Most Recent Note - 8/31/2011 6:48:18 PM
G - Encountered some distributional pressure today while hovering near its all-time high after a negative reversal on the prior session. It is extended from its prior base. Prior resistance in the $25-26 area defines chart support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/23/2011. click here.
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Profile ZACKS
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MWIV
- NASDAQ
M W I Veterinary Supply
HEALTH SERVICES - Medical Instruments &; Supplies
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$81.24
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-1.86
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80,290
125% DAV
64,200
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7/11/2011
(Date
Featured) |
$83.39
(Price
Featured) |
PP = $84.67 |
| MB = $88.90 |
Most Recent Note - 8/5/2011 5:44:40 PM
Closed below its 50 DMA line today while suffering its 5th consecutive loss, slumping back into its prior base. Prior lows in the $77-78 area define the next very important chart support level to watch. Based on the noted fundamental and technical deterioration it will be dropped from the Featured Stocks list tonight.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/30/2011. click here.
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Profile ZACKS
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OTEX
- NASDAQ
Open Text Cp
INTERNET - Internet Software & Services
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$59.69
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-0.58
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417,255
147% DAV
283,000
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6/1/2011
(Date
Featured) |
$65.86
(Price
Featured) |
PP = $67.18 |
| MB = $70.54 |
Most Recent Note - 8/5/2011 6:08:32 PM
Down today with higher volume indicative of more distributional pressure, closing -17% off its 52-week high. Dipped below prior lows near $58 intra-day while slumping near its 200 DMA line. Based on deterioration it will be dropped from the Featured Stocks list tonight.
>>> The latest Featured Stock Update with an annotated graph appeared on 7/20/2011. click here.
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Profile ZACKS
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PCLN
- NASDAQ
Priceline.com Inc
INTERNET - Internet Software & Services
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$463.52
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-28.33
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692,886
58% DAV
1,196,700
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7/29/2011
(Date
Featured) |
$539.46
(Price
Featured) |
PP = $552.15 |
| MB = $579.76 |
Most Recent Note - 8/18/2011 11:03:54 AM
Gapped down today, violating its 200 DMA line and recent chart low, raising concerns with its technical deterioration. Based on recent weakness it has slumped -17% off its 52-week high, and it will be dropped from the Featured Stocks list tonight. Its June low ($451.75) defines the next important chart support level to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/12/2011. click here.
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Profile ZACKS
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PRGO
- NASDAQ
Perrigo Co
DRUGS - Drug Related Products
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$96.93
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+3.32
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550,478
79% DAV
700,800
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7/13/2011
(Date
Featured) |
$92.89
(Price
Featured) |
PP = $92.40 |
| MB = $97.02 |
Most Recent Note - 8/30/2011 1:25:27 PM
Hit a new all-time high today. Previous mid-day reports cautioned - "Its choppy action is not a sound base pattern." It has been mostly wedging higher without great volume conviction since last noted in the 8/21/11 mid-day report - "Reported earnings +32% on +14% sales revenues for the quarter ended June 30, 2011 versus the year ago period, beating estimates and raising guidance. Also announced that it expects to issue $350 million of notes in its fiscal second quarter pursuant to its existing Master Note Purchase Agreement. It found prompt support at its 200 DMA line after it was dropped from the Featured Stocks list on 8/08/11. Its choppy action is not a sound base pattern."
>>> The latest Featured Stock Update with an annotated graph appeared on 7/13/2011. click here.
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Profile ZACKS
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PSMT
- NASDAQ
Pricesmart Inc
RETAIL - Drug Stores
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$65.46
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+1.65
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393,998
150% DAV
261,800
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8/30/2011
(Date
Featured) |
$63.01
(Price
Featured) |
PP = $62.37 |
| MB = $65.49 |
Most Recent Note - 8/31/2011 6:51:45 PM
G - Hit another new 52-week high with above average volume behind today's 4th consecutive gain. Color code is changed to green after trading above and closing the session near its "max buy" level. See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/30/2011. click here.
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Profile ZACKS
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PSMT
- NASDAQ
Pricesmart Inc
RETAIL - Drug Stores
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$65.46
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+1.65
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393,998
150% DAV
261,800
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8/30/2011
(Date
Featured) |
$63.01
(Price
Featured) |
PP = $62.37 |
| MB = $65.49 |
Most Recent Note - 8/31/2011 6:51:45 PM
G - Hit another new 52-week high with above average volume behind today's 4th consecutive gain. Color code is changed to green after trading above and closing the session near its "max buy" level. See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/30/2011. click here.
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Profile ZACKS
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QSII
- NASDAQ
Quality Systems Inc
COMPUTER SOFTWARE & SERVICES - Healthcare Information Service
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$81.32
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-3.17
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415,897
161% DAV
257,800
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7/6/2011
(Date
Featured) |
$91.26
(Price
Featured) |
PP = $91.67 |
| MB = $96.25 |
Most Recent Note - 8/5/2011 6:01:26 PM
Damaging loss today on above average volume, slumping near its 200 DMA line and prior lows in the $77 area defining the next important support level. Violated its 50 DMA line on the prior session, raising concerns after not triggering a proper technical buy signal. Based on its deterioration it will be dropped from the Featured Stocks list tonight.
>>> The latest Featured Stock Update with an annotated graph appeared on 7/6/2011. click here.
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Profile ZACKS
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ULTA
- NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other
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$57.12
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-4.96
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728,565
78% DAV
932,900
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1/6/2011
(Date
Featured) |
$36.12
(Price
Featured) |
PP = $37.34 |
| MB = $39.21 |
Most Recent Note - 8/4/2011 5:55:19 PM
Closed near the session low today with a loss on below average volume. The damaging loss violated its 50 DMA line, raising concerns and triggering a technical sell signal. It will be dropped from the Featured Stocks list tonight. It rallied +200% since first featured in yellow at $22.81 in the 3/12/10 mid-day report.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/4/2011. click here.
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Profile ZACKS
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ZAGG
- NASDAQ
ZAGG Incorporated
SPECIALTY RETAIL - Specialty Retail, Other
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$15.95
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+1.22
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4,022,200
164% DAV
2,459,700
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6/1/2011
(Date
Featured) |
$10.92
(Price
Featured) |
PP = $10.59 |
| MB = $11.12 |
Most Recent Note - 8/15/2011 12:41:04 PM
Touched a new all-time high after a gap up today, yet it has encountered some distributional pressure and has retreated well off the session high. It has rebounded following its 50 DMA violation since dropped from the Featured Stocks list on 8/05/11. Prior lows near $11.40 defined a recent chart support level. It has not formed a sound base pattern. Weak market conditions (M criteria) are typically a problem for 3 out of 4 stocks, even when they have stellar growth characteristics.
>>> The latest Featured Stock Update with an annotated graph appeared on 7/19/2011. click here.
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Profile ZACKS
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Get Ready for the Q3 2011 Webcast Coming Up!
CANSLIM.net Newsdesk
Make sure that you are staying tuned to the daily reports and watching for email notifications whenever new reports are published! They can help investors stay in step with the M criteria and know where there is actionable leadership! (Check your account settings to control email notifications you receive http://premium.canslim.net/MyAccount/AccountSettings.asp)
ANOTHER WEBCAST IS COMING UP!
The CANSLIM.net Q3 2011 Webcast is scheduled for Wednesday, September 28th at 8PM EST. We hope that members appreciate these valuable webcasts. They were sold separately in the past, but are now included with your UPGRADED membership at no additional cost. These informative webcasts give members a thorough review of the market conditions each quarter by leaning heavily on past reports that have been published. Links to our prior webcasts are included among the archive report links included on the Premium Member Homepage.
QUESTIONS??? If there is anything you would like to see discussed in the upcoming webcast, please write in and let us know. Hopefully some good questions will come in, and the next webcast will allow Ken Gruneisen to shed light on any areas where our members may feel like they are still in the dark! As always, we appreciate the opportunity to answer any questions or hear any feedback members have - so consider this your invitation to send us a message via the inquiry form here.
TELL-a-FRIEND about CANSLIM.net - if you know someone who might appreciate our reports or find the features on our website useful. As CANSLIM.net's subscriber base grows, we are able to offer more great resources to help you become a more successful investor.
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