 |
 |
More High-Ranked
Leadership Helps Market Conditions
Improve
Adam Sarhan,
Contributing Writer, www.CANSLIM.net
The major averages soared last month,
enjoying one of their largest monthly
gains since this brutal bear market
began in October 2007! The major
catalyst for this strong move was a
series of better than expected second
quarter earnings. The major averages
have rallied sharply since the March
2009 low, bringing them all back into
positive territory for the year and
above multi-year downward trendlines.
The current rally was confirmed with a
follow-through day on March 12, 2009,
and is entering its 22nd
week.
Since early March, the small cap Russell
2000 Index has emerged as the standout
winner, surging a whopping +65%!
The tech-heavy Nasdaq Composite is a
close second, having vaulted
+59%. Meanwhile, the S&P 500
Index has raced +50%
higher, and the Dow Jones Industrial
Average rose +43%. It
is important to note that the vast
majority of stocks that helped the major
averages rally were beaten
down low-ranked stocks that bounced from
egregiously oversold levels. There have
been more than a few high-ranked stocks
that triggered technical buy signals
over the past few weeks, which is an
encouraging sign.
PICTURED:
The Small Cap Russell 2000 Index is outpacing the other major indices with its
+65% rally off its March low. Its 50-day moving average (DMA) line's
bullish cross over its 200 DMA line in June preceded its rally to new 2009
highs.
Political Data: B
The Obama administration just finished its 7th month in
power and has faced important issues ranging from health care to the ongoing
economic crisis. Initially, the market was not sure of how Obama would do and
sold off after he took office. However, since early March, the major averages
have been on the rise and they have shown strong confidence in his ability to
lead the country and the world out of this economic crisis. His strong
economic stimulus package coupled with coordinated efforts by other developed
countries around the world played a pivotal role in the marketplace's renewed
optimism. The market and the economy have reacted very positively to the united
global effort, which is a net positive for the Obama administration.
Economic Data: B
For the third consecutive month, the market is telling us that "not so bad"
is the new "good" as the major averages continue to react in a healthy way to
somewhat questionable economic data. At the beginning of the month, the Labor
Department announced that US employers cut a larger-than-expected
-467,000 jobs in June, which was worse than the Street's forecast for
over a -350,000 decline. The report showed that the
unemployment rate ticked up to +9.5%, which was the highest
level since the early 1980's! June was the 18th consecutive
month of job cuts in the US, which pushed the total number of jobs lost during
this recession (which began in December 2007) to over 6.5
million!
In early
July, the Institute of Supply Management (ISM) released a report which showed
its service index was stronger than expected. The service index, also known as
the non-manufacturing index, makes up nearly 90% of the
economy, and it rose to 47 from 44 in May.
Even though the reading was stronger than expected it was still below the
boom/bust line of 50, indicating contraction. US services
shrank at the slowest pace in nine months which was also an impressive feat.
The ailing housing sector, which has been in its own private depression, began
to show a few signs of continued strength in recent months. Pending home sales
data was little changed, at 90.7 but an improving
year-on-year advance of +6.7% showed a glimmer of hope. Data on
the home sector have been mixed, as is this report which doesn't point to much
future improvement home sales but at the same time doesn't point to significant
deterioration either.
The worst US economic crisis since the Great Depression softened somewhat
during the second quarter. Preliminary data from the US government showed that
US gross domestic product (GDP) shrank at a better than expected -1%.
Massive government spending programs began to kick in which helped offset the
weak economy. During the first quarter, US GDP shrank by -6.4%
according to the latest figures from the Commerce Department.
Earnings: B
It should come as no surprise that corporate earnings play a pivotal role in
driving stock prices higher. That said, the major averages paused in late June
to consolidate their recent move as investors awaited earnings season. By
mid-July it was in full swing as companies began reporting in droves. There is
no question that the market reacted very positively to the latest second quarter
results. This reaction is a strong vote of confidence from the Wall Street crowd
that they see good times ahead. Corporate earnings were not healthy by any
"normal" definition but the fact that they were not an outright disaster is the
primary factor which propelled stocks higher last month.
Market Action (Price, Volume & Leadership): B+
The underlying health of the major averages improved markedly in July. The
Dow Jones Industrial Average and S&P 500 Index both managed to break above
formidable downward trendlines (formerly resistance), yet the small cap Russell
2000 and tech heavy Nasdaq Composite remain below their respective multi-year
downward trendlines even though the latter indices have outperformed percentage
wise (as noted in the first paragraph). For the first time since this rally
began in early March, high-ranked leadership participated in the rally.
Heretofore, the lack of participation from high-ranked growth stocks was
the single largest problem for the rally. Keep in mind that history shows us
that healthy bull markets begin when a new batch of high quality leaders break
out powerfully from sound bases. Currently, leadership is improving but still
questionable, as evidenced by the IBD 100 Index (a great proxy for leading
stocks) which continues to woefully under-perform the major averages. A few
leading stocks are working out, and some early leaders in the rally broke out of
second stage bases. However, disciplined investors will look for fresh technical
buy signals to be triggered from the strongest stocks over the next few weeks.
Data concerning nearly every capital market in the world is telling us that
the economy may rebound in the latter half of the year, and we would be fools to
argue with the tape. Remember that the latest Bear Market has been one of the
worst in history, and it has been 21 months since the major
averages topped out (Oct '07). Handle the decisions on a stock-by-stock
basis, and if you see the right kind of leadership begin to emerge, take a small
position and keep a close stop. Conversely, if leadership dries up, do not force
a trade. Remaining patient and flexible has served us extremely well over the
years. As always, we will continue to objectively analyze price and volume to
better understand the market's underlying health. Never argue with the tape,
and always keep your losses small.
Professional Money Management Services - Invest with Confidence!-
Talk To One Of Our Portfolio Managers Today!
Our skilled team of
portfolio managers knows how to follow the rules of this fact-based investment
system. We do not follow opinion or the "conviction list" of some large Wall
Street institution which would have us fully invested even during horrific bear
markets. Instead, we remain fluid and only buy the best stocks when they
are triggering proper technical buy signals. If you are not satisfied with the
way your portfolio is being managed, Click
here to submit your inquiry.
*Accounts over $250,000 please.
** Serious inquires only.
|
Adam Sarhan is a Registered
Representative and Vice
President of Investments with
Source Capital Group (Member
FINRA,SIPC) and offers a suite
of services for individual and
institutional investors. Mr.
Sarhan earned a BA and MA in
Political Science from Florida
Atlantic University and he is
well versed in capital markets.
In addition, Mr. Sarhan
completed the CAN SLIM®
Masters Program presented by
Investor's Business Daily.
Investors with a significant
financial interest may inquire
about opening an account by
calling the office locally at
954-785-1990 or 1-888-237-8399
or emailing to
asarhan@sourcegrp.com.
Further information is always
available upon request. Contact
us if you know anyone that may
have an interest in receiving
this or any of our other
products. |
|
 |
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.
|
108 |
COMPUTER SOFTWARE & SERVICES |
SXCI - 18, PWRD - 9, SNX - 8, CTSH - 8, ACTU - 8, WIT - 7, VRTU - 6,
PEGA - 5, CSC - 5, TLVT - 5, SMSI - 4, CVLT - 4, EBIX - 4, MDAS - 3,
SPSS - 3, VIT - 2, TDC - 2, CERN - 2, INFY - 2, LFT - 1, TIBX - 1, SWI -
1,
|
|
56 |
DIVERSIFIED SERVICES |
BPI - 12, FIS - 7, SMED - 6, TTEC - 6, TRIN - 4, MV - 4, RINO - 4, UTA -
3, CPLA - 3, WNS - 2, CFL - 2, LINC - 1, VPRT - 1, TTEK - 1,
|
|
36 |
RETAIL |
LL - 7, SMRT - 5, ARO - 5, FUQI - 3, JOSB - 3, HGG - 2, CBD - 2, CHS -
2, CTRN - 2, DEST - 2, ROST - 2, KIRK - 1,
|
|
33 |
CONSUMER NON |
AEPI - 12, GYMB - 7, SWM - 6, TUP - 4, RKT - 4,
|
|
29 |
FINANCIAL SERVICES |
PHH - 17, CACC - 8, BPSG - 4,
|
|
22 |
DRUGS |
PRX - 8, ABAX - 6, SSRX - 5, VRX - 2, WCRX - 1,
|
|
20 |
INTERNET |
PCLN - 9, NTES - 6, SNWL - 2, WWWW - 2, RAX - 1,
|
|
18 |
CHEMICALS |
LZ - 13, NEU - 3, CENT - 2,
|
|
18 |
TRANSPORTATION |
GOL - 7, AIRM - 5, ISH - 3, CPA - 2, PNCL - 1,
|
|
17 |
LEISURE |
CBOU - 7, HMIN - 6, TAST - 3, CTRP - 1,
|
|
17 |
MANUFACTURING |
CLW - 13, CFSG - 4,
|
|
16 |
FOOD & BEVERAGE |
CCE - 10, ABV - 4, DLM - 1, THS - 1,
|
|
16 |
ELECTRONICS |
WMS - 7, TQNT - 4, TSRA - 1, CUB - 1, JST - 1, NVDA - 1, OPLK - 1,
|
|
14 |
SPECIALTY RETAIL |
MED - 9, BAMM - 3, DCP - 2,
|
|
13 |
TELECOMMUNICATIONS |
ABVT - 6, ATNI - 4, DECC - 1, TNDM - 1, ARRS - 1,
|
|
12 |
COMPUTER SOFTWARE & SERVICES |
MAIL - 11, CTFO - 1,
|
|
11 |
MEDIA |
DISCA - 6, CKEC - 5,
|
|
11 |
METALS & MINING |
CGA - 6, IAG - 3, NXG - 2,
|
| 9 |
WHOLESALE |
TECD - 6, GLP - 3,
|
| 9 |
CONSUMER NON-DURABLES |
FHCO - 7, ICON - 1, TIS - 1,
|
| 9 |
COMPUTER HARDWARE |
LCRD - 6, STEC - 3,
|
| 8 |
AUTOMOTIVE |
TTM - 4, TXIC - 4,
|
| 2 |
HEALTH SERVICES |
RHB - 2,
|
| 2 |
MATERIALS & CONSTRUCTION |
GFA - 1, MYRG - 1,
|
| 1 |
INSURANCE |
CISG - 1,
|
| 1 |
BANKING |
BMA - 1,
|
| 1 |
REAL ESTATE |
NYMT - 1,
|
| 1 |
AEROSPACE/DEFENSE |
GR - 1,
|
|
 |
Odds Better While
Still The Same Fundamental and Technical
Rules Apply
Kenneth J.
Gruneisen, Founder and Contributing
Writer, www.CANSLIM.net
Earnings are obviously a critical item we focus on,
and many companies have been increasing their bottom line by taking a knife to
costs. Trimming costs cannot increase profits forever. Eventually,
companies have to bring in more revenue, or it is at least fair to say that
companies really are not going to grow until they do.
That is why we also look carefully at the sales revenues comparisons when
going about our business studying the high-ranked leaders showing up on our
radar as possible buy candidates. It might be frustrating to spot
the occasional high flier that runs way up in price, despite its lack of strong
sales growth or spotty annual earnings history. There are good reasons for
paying attention to the A criteria, and if was not important,
the investment system would have been given a different name. Companies with
erratic performance histories can be expected to be just that (erratic) in the
future.
With this approach we are assured that we will find our fair share of
winners, and we will also avoid a lot of pain. Not having seen any reviews of
the new 4th edition of How To Make Money In
Stocks (available since July) indicating otherwise, when it comes to the seven
key criteria, I trust that they are still the same. You can sing it to
yourself like Bob Seger's song, You're Still The Same. Maybe that could be
used as a gimmick to keep yourself focused on one good investment strategy,
especially if you've had trouble in the past with "moving game to game."
Three of four companies in the S&P 500 Index have
reported results that topped analysts' expectations, according to Thomson
Reuters, with about 300 of the 500 companies
having reported. Maybe it is not very hard to over-deliver when everyone
has been guided by the media and the investment community at large to believe
the worst.
Investors have, in many cases, been putting money into areas that are
expected to do well in a recovery. Long ago, many went scrambling for safe
places in an economic downturn. Investors always have to battle the urge
to speculate and "take a flier." Faith in our intelligent assessment of
the facts and a disciplined approach explains the still rather slim selection of
companies that we have been able to pro actively accumulate for Source's
actively managed accounts.
Following this rules-based approach, we also look carefully at price/volume
charts. It has been observed that the new 52-week highs list has expanded
greatly in recent weeks. Yes, that news is encouraging! However, the
fact that so many stocks were so low, for so long, has created a scenario where
lots of stocks making new 52-week highs still are facing resistance due to a
substantial amount of overhead supply.
Odds are favorable when advancers are outnumbering decliners as a general
rule on the average trading day. So, the charts below illustrate a
meaningful shift that has been helping investors have better odds since March.
This is not an invitation to be reckless and haphazard in your buying efforts,
but it does suggest that your chances of making more profitable trades are
better than they were for many months prior.
PICTURED 1:
The NYSE's Advance/Decline line illustrates the more favorable direction of the
majority of stocks in the market since a long-term downward trend ended in
March.
PICTURED 2:
The Nasdaq's Advance/Decline line illustrates the more favorable direction of
the majority of stocks in the market since a long-term downward trend ended in
March. Its action, however, has leveled out in recent months while the
NYSE's ongoing rise shows more encouraging strength on the Big Board.
|
Kenneth J. Gruneisen has
successfully completed the
CAN SLIM®
Certification Program. Mr.
Gruneisen is a Registered
Principal and manages a Source
Capital Group Member FINRA,SIPC)
branch office offering
personalized assistance.
Investors with a significant
financial interest in equities
may inquire about opening an
account by calling the office
locally at (954) 785-1990 or
1-888-237-8399 or emailing to
kgruneisen@sourcegrp.com.
Further information is always
available upon request. Contact
us if you know anyone that may
have an interest in receiving
this or any of our other
reports.
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. |
|
 |
Chinese Tech Firm Has Favorable
Traits
|
Asiainfo Holdings Inc |
-
Kenneth Gruneisen, Founder & Contributing Writer, www.CANSLIM.net |
|
Ticker Symbol:
ASIA (NASDAQ) |
Industry Group: Computer
Software - Enterprise |
Shares Outstanding:
43,900,000 |
|
Price:
$19.27 7/31/2009 |
Day's Volume:
689,500
7/31/2009 |
Shares in Float:
30,300,000 |
|
52 Week High:
$22.09 6/01/2009 |
50-Day Average Volume:
819,300 |
Up/Down Volume Ratio:
1.5 |
|
Pivot Point:
$22.19 6/01/2009
(high
plus $0.10) |
Pivot Point +5% = Max Buy Price:
$23.30 |
Web Address:
http://www.asiainfo.com/ |
CANSLIM.net Company Profile: AsiaInfo
Holdings, Inc. provides telecommunications software solutions, and information
technology (IT) security products and services for telecommunications service
providers, as well as to other major enterprises in China. This high-ranked
leader resides in the Computer
Software - Enterprise group which is presently ranked 23rd
on the 197 Industry Groups list which is inside the
much-preferred top quartile of groups, satisfying the L
criteria. Its Up/Down Volume ratio suggests that shares have recently been being
accumulated. The number of top-rated funds with an ownership interest has
grown from 50 funds in Sept '08 to 70 funds as
of June '09, an encouraging sign of increasing institutional interest (the
I criteria). Strong quarterly earnings growth satisfies the C criteria.
Its small supply of shares outstanding (the S
criteria) and meaningful ownership by management are favorable characteristics.
What to Look For and What to Look Out For:
The stock is still -12.8% off its 52-week high and needs to
complete the right side of a sound base. Meanwhile, any slump back under its
short-term average would hurt its outlook. A recent article from the paper
highlighted this company which investors may also refer to when considering it
and adding it to their watch list (read
here). Of the few favorable
looking leaders showing up in recent CANSLIM.net reports, Chinese firms have
obviously enjoyed a heavy weighting. Caution is advised due to the
inherent risk of international exposure, as geo-political news or events could
prompt the entire group of foreign stocks to suddenly trade drastically down or
up. While the current leadership is noted in China-linked stocks, and it could
be an ongoing phenomenon; investors are reminded to make disciplined buys and
sells always.
Technical Analysis:
It retested in the area of prior chart highs after losses on mostly light or
average volume drove it under its 50-day moving average (DMA) line. Last week's
gap up on 7/30/08 is not visible on the weekly chart above, but the considerable
gain backed by triple its average volume was a sign of heavy institutional
buying demand. It still has some work to do to complete a new base and clear
its pivot point with conviction.
|
Kenneth J. Gruneisen has
successfully completed the
CAN SLIM®
Certification Program. Mr.
Gruneisen is a Registered
Principal and manages a Source
Capital Group Member FINRA,SIPC)
branch office offering
personalized assistance.
Investors with a significant
financial interest in equities
may inquire about opening an
account by calling the office
locally at (954) 785-1990 or
1-888-237-8399 or emailing to
kgruneisen@sourcegrp.com.
Further information is always
available upon request. Contact
us if you know anyone that may
have an interest in receiving
this or any of our other
reports.
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. |
|
 |
Symbol/Exchange
Company Name
Industry Group |
Last |
Chg. |
Vol
% DAV |
Date Featured |
Price Featured |
Latest Pivot Point
Featured |
Status |
|
Latest Max Buy Price |
CPLA
- NASDAQ
Capella Education Co
DIVERSIFIED SERVICES - Education and
Training Services
|
$64.36
|
-0.11
|
197,393
88% DAV
223,364
|
7/9/2009
(Date
Featured) |
$59.69
(Price Featured) |
PP = $62.06 |
Y |
| MB = $65.16 |
Most Recent Note - 7/31/2009 5:31:50 PM
Y - Perched less than -1% from its 52-week high. On
7/28/09 it reported solid results for the quarter ended June 30,
2009, with a +21% increase in sales revenues
(accelerating) and +51% earnings per share, and it
technically gapped up and traded more than the +50%
above average volume guideline as it rose above its pivot point.
Featured in yellow in the 7/09/09 Mid-Day BreakOuts Report (read
here). The group has shown some leadership, yet currently has a
D- and 13 for Relative Strength
Rating/Ranks. CPLA is a high-ranked leader in the Commercial
Services-Schools Group. Its small supply of only 13.9
million shares in the float could contribute to greater price
volatility in the event of institutional accumulation or
distribution. The number of top-rated funds owning an interest rose
from 91 in Sept '08, to 135 as of
March '09, which is reassuring with respect to the I
criteria. It has a very good earnings history that satisfies the
C & A criteria, while recent quarters
showed steady sales revenues increases in the +17-18%
range.
>>> The latest
Featured Stock Update with an annotated graph appeared on
7/20/2009. 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
|
GMCR
- NASDAQ
Green Mountain Coffee Roasters
FOOD & BEVERAGE - Processed & Packaged
Goods
|
$65.90
|
-1.60
|
2,120,323
160% DAV
1,322,090
|
7/17/2009
(Date
Featured) |
$60.15
(Price Featured) |
PP = $63.79 |
G |
| MB = $66.98 |
Most Recent Note - 7/29/2009 6:37:13 PM
G - Consolidating in a tight range for the past week and a half,
stubbornly hovering near all-time highs. Prior highs in the
$62-63 area are initial chart support to watch above its 50
DMA line. Do not be confused by the 3:2 stock split
effective 6/09/09. GMCR traded up more than +168%
since appearing with an annotated graph under the headline "It
May Soon Be Time To Go Green" when featured in the January
2009 CANSLIM.net News (read
here).
>>> The latest
Featured Stock Update with an annotated graph appeared on
7/30/2009. 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
|
HMSY
- NASDAQ
Hms Holdings Corp
COMPUTER SOFTWARE & SERVICES -
Healthcare Information Service
|
$38.40
|
-2.62
|
1,888,391
537% DAV
351,671
|
2/20/2009
(Date
Featured) |
$34.08
(Price Featured) |
PP = $38.38 |
G |
| MB = $40.30 |
Most Recent Note - 7/31/2009 5:39:36 PM
G - Gapped down today after its latest quarterly report, violating
its 50 DMA line and triggering technical sell signals, yet it closed
in the middle of its range. This high-ranked Commercial Services -
Healthcare firm's prior highs in the $38 area are
an important support level. A gap up gain on 6/16/09 with heavy
volume triggered a technical buy signal.
>>> The latest
Featured Stock Update with an annotated graph appeared on
7/24/2009. 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
|
NTES
- NASDAQ
Netease.com Inc
INTERNET - Internet Information
Providers
|
$44.06
|
+1.23
|
1,765,724
71% DAV
2,478,383
|
5/21/2009
(Date
Featured) |
$31.19
(Price Featured) |
PP = $38.74 |
G |
| MB = $40.68 |
Most Recent Note - 7/31/2009 5:41:47 PM
G - Closed at it best level ever after a 4th
consecutive gain on light volume. Well above prior chart highs in
the $38 area, an important support level to watch.
A recent series of 10 consecutive gains was capped
off with a considerable gain on 7/22/09 with very heavy volume that
lifted it well above its max buy level. It got extended from its
latest base. On 7/17/09 it broke out from a 5-week
flat base with +44% above average volume behind its
gain. First featured at $26.75 in the 3/31/09
CANSLIM.net Mid-Day Breakouts Report (read
here). This high-ranked Chinese Internet - Content firm was also
summarized in greater detail including an annotated graph in the
April 2009 issue of CANSLIM.net News (read
here).
>>> The latest
Featured Stock Update with an annotated graph appeared on
7/23/2009. 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
|
NVEC
- NASDAQ
Nve Corp
ELECTRONICS - Semiconductor -
Specialized
|
$53.73
|
+0.19
|
49,825
53%
DAV
94,325
|
3/13/2009
(Date
Featured) |
$33.85
(Price Featured) |
PP = $49.60 |
G |
| MB = $52.08 |
Most Recent Note - 7/31/2009 5:44:51 PM
G - Volume has been drying up while consolidating in a tight range
since its 7/23/09 breakout. Patience may allow for shares to be
accumulated on pullbacks, and prior highs are now an important
support level. Featured in the 7/23/09 Mid-Day BreakOuts Report
(read
here) after it gapped up for a considerable gain on heavy volume
following news of stronger sales revenues (+41%)
and solid earnings increases for the quarter ended June 30, 2009.
The technical action was described as a "breakaway gap" from a valid
ascending base. Quarterly sales revenues in the 6
million dollar range are still rather minuscule, leaving concerns.
>>> The latest
Featured Stock Update with an annotated graph appeared on
7/17/2009. 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
|
PEGA
- NASDAQ
Pegasystems Inc
COMPUTER SOFTWARE & SERVICES - Business
Software & Services
|
$28.30
|
-0.76
|
394,585
153% DAV
258,622
|
7/29/2009
(Date
Featured) |
$27.53
(Price Featured) |
PP = $27.49 |
Y |
| MB = $28.86 |
Most Recent Note - 7/31/2009 5:45:46 PM
Y - Consolidating under its max buy level today, its color code was
changed to yellow. Featured in in the 7/29/09 mid-day report (read
here) during the course of its considerable gain on heavy volume
3 times its average for a new 52-week high. There were no
news headlines to be found as this software firm triggered a
technical buy signal by breaking out from a third stage, 8-week
"double bottom" type base. The previously noted downturn in annual
earnings (the A criteria) from 2003 to 2006 has
been followed by a solid turn around and big earnings increases in
'07 and '08, and Street expectations for '09 are calling for well
above +25% growth.
>>> The latest
Featured Stock Update with an annotated graph appeared on
7/29/2009. 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
|
TNDM
- NASDAQ
Neutral Tandem Inc
TELECOMMUNICATIONS - Wireless
Communications
|
$31.00
|
+0.60
|
380,135
42% DAV
900,805
|
3/2/2009
(Date
Featured) |
$18.89
(Price Featured) |
PP = $29.85 |
G |
| MB = $31.34 |
Most Recent Note - 7/31/2009 5:49:29 PM
G - Quietly consolidating in recent weeks above its 50 DMA line,
less than -5% off its all-time high. Building on a
choppy base since its June 2nd high of $32.57 was
reached. Subsequent deterioration below its 50 DMA average and
recent lows would raise concerns and trigger sell signals. It traded
up as much as +72.42% since first featured at
$18.89 in the 3/02/09 Mid-Day BreakOuts Report (read
here).
>>> The latest
Featured Stock Update with an annotated graph appeared on
7/21/2009. 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
|
UTA
- AMEX
Universal Travel Group
DIVERSIFIED SERVICES - Consumer Services
|
$13.97
|
+0.53
|
595,641
156% DAV
381,824
|
7/28/2009
(Date
Featured) |
$12.87
(Price Featured) |
PP = $12.70 |
G |
| MB = $13.34 |
Most Recent Note - 7/31/2009 5:50:36 PM
G - Gapped up today and rallied for a new high close. Its 2
prior sessions were marked by heavy volume and a lack of progress -a
worrisome sign of "churning" distributional action. Its color code
was changed to green after rising above its "max buy" level. Strong
action prompted it to be featured in yellow with pivot point and max
buy levels noted in the 7/28/09 mid-day breakouts report (read
here), with additional analysis included in the after market
update (read
here). This Chinese provider of airline tickets and travel
related services gapped up on 7/28/09, rising from a choppy
6-week base with a considerable gain on very heavy volume.
>>> The latest
Featured Stock Update with an annotated graph appeared on
7/28/2009. 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
|
|
 |
As CANSLIM.net
and the Markets Improve
Frank DeBold
You may have
noticed some additional changes on many
of the pages of our website. We are
continuing the process of completely
updating the “Look and Feel” of
www.CANSLIM.net
to make it easier for our members to use
the various tools on the site and make
accessing the reports even easier.
During the development, we will strive
to offer the new look pages with an
option available to view in the
traditional view. Please continue to
provide feedback to
customercare@canslim.net
with any suggestions or issues with
using or viewing the tools and reports.
Also, please let us know at the same
address if any changes make the material
difficult for you to find or read. We
have acted on most of the feedback
received to date and really want to take
the ideas of our members to heart on how
to improve the service we provide.
One of the recurring questions we continue to get
from new members is around “What stocks should I buy now?” and “When should I
sell an issue you recommended?”. Not knowing your personal situation, as to what
holdings you may currently have and what your risk tolerance might be,
CANSLIM.net finds it impossible to give you a valid buy or sell recommendation,
and would advise you to really question any service that would. WHAT CANSLIM.net
DOES is provide you with a number of stocks that match the criteria of the
investment system we advocate (as it is a long proven winning methodology) that
have strong fundamentals with recent price/volume chart activity that would
indicate the stock is a potential candidate for a “Break Out”. When we feature a
stock, we fully expect our members to look at the data we have provided, as well
as other resources, and determine if the stock may fit into their portfolio; and
if the answer is Yes, to put the stock on their watch list so that they are
ready to purchase the stock when it experiences a breakout, defined as breaking
through the pivot point on a volume exceeding +150% of the
average daily volume. Once the stock has been featured at CANSLIM.net, we will
provide informational notes on the current and recent market activity until such
time that the stock would probably no longer be held or considered a top buy
candidate by any rational and disciplined investor following the investment
methodology.
Once members understand what we provide, the common
question we receive at CANSLIM.net from new members is “How do I use your
service?” A quick study of the market performance and the advice given to our
CANSLIM.net members may best help to explain this. As has been expressed many
times, “one either needs to study history or relive it.” This is one of the
strengths of the investment system we support, as most of the principals have
been developed by studying past winners (and losers) to understand what
attributes to look for in stocks (and the market) in making individual
investment decisions.
These past 6 quarters have proven to
be a tough market for investors, with an extreme level of volatility evident in
the markets. CANSLIM.net members were able to avert much of the negative market
as CANSLIM.net has been warning its members. There are a number of specific
instances that can be cited, including the June 9, 2008 commentary pointing out
the failure of the Nasdaq Composite Index as it undercut its May 23rd low,
ending its March-May rally attempt (read
here). Regular readers were aware of the
market's technical signals suggesting a down market. After the market downturns,
commentaries had been suggesting that investors seek safety in cash as they
locked in gains. Prior to that, earlier reports had advised extreme caution in
late 2007, and throughout January of 2008. Now, market conditions appear to have
strengthened and our members are wisely and very selectively getting back into
the market.
I point this out as evidence of why each CANSLIM.net
member needs to monitor the daily reports in order to keep updated on the market
conditions and how they impact current market opportunities. We provide reports
and summaries, but each investor has to make their own intelligent investment
decisions.
As we all look forward to spotting more ideal
opportunities to invest and recognize significant gains, the questions
are “When” and “Which” stocks to buy. In order to ensure you are positioned to
take advantage of opportunities, CANSLIM.net will continue to study and report
on the market and advise members on current market conditions. We will advise
members with new buy candidates to study as they emerge.
Please call at 1-888-CAN-SLIM (1-888-226-7546) or
email to
customercare@canslim.net with any questions
you may have on the benefits of a CANSLIM.net membership.
As always, we
remain dedicated to your investment success. Please send any requests on how we
may better serve you to
customercare@canslim.net.
|
|
