The major averages experienced their largest single day decline since the April 20, 2008 follow-through day after a negative earnings announcement from General Electric (GE -12.79%) hurt stocks. It was encouraging to see lighter volume totals on both major exchanges compared to the prior session which helped ease the damage. Breadth was negative as decliners led advancers by over a 3-to-1 ratio on the NYSE and by nearly a 4-to-1 ratio on the Nasdaq exchange. The number of stocks making new 52-week highs trailed stocks making new 52-week lows on both major exchanges. There were only 15high-ranked companies from the CANSLIM.net Leaders List that made a new 52-week high and appeared on the CANSLIM.net
BreakOuts Page, lower than the 17stocks that appeared on the prior session.
Stocks fell sharply on Friday as the first official week of earnings season came to an end. GE, the world's third-largest company by market value, plunged the most in 20 years after earnings fell -8% because of failed asset sales and higher-than-expected losses from its financial divisions. This sparked a broad based sell off in the major averages as 29 out of the 30 stocks that reside in the Dow Jones Industrial Average ended lower on Friday. Thus far, stocks' reaction to their earnings reports have been negative. Analysts believe that this will be the third consecutive quarter of declining profits. Moreover, this is the 14th consecutive week analysts have reduced profit estimates on concern the recent subprime and credit meltdown will spread beyond the financial sector. Thus far, analysts project that the average company in the S&P 500 will see their earnings decline by -12.3% in the first quarter and -3.8% in the second quarter.
The Reuters/University of Michigan preliminary index of consumer sentiment skidded to a 26-year low in April as the labor market continued to weaken and energy prices soared. Consumer spending currently accounts for approximately 2/3 of the economy. Therefore, a surprise drop in consumer confidence bodes poorly for the broader economic outlook.
The technical conditions of this market have deteriorated this week. Each of the major averages sliced below their respective 50 DMA lines and failed at formidable areas of resistance. The Thursday, April 10, 2008 edition of the CANSLIM.net After Market Report (read here) discussed the importance of the relationship between the major averages and their respective moving averages. The report mentioned that during the past two quarters, the 50 DMA line had acted as formidable resistance for the major averages. After a brief recovery, the major averages are now trading back below that important threshold. It is of the utmost importance for the bulls to quickly show up and repair the technical damage; otherwise, lower prices may follow. It was also worrisome to see the major averages fail to break above their multi month downward sloping trendlines earlier this week. Until Friday's technical damage is repaired and a new batch of leadership emerges, erring on the side of defense may be a prudent course of action.
PICTURED: The benchmark S&P 500 index failed to break above resistance and sliced below its 50 DMA line on Friday.
Adam Sarhan, Contributing
Writer, www.CANSLIM.net
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. asarhan@sourcegrp.com
The recommendations made by CAN SLIM®
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Certification Program, William O'Neil & Co., Investor's Business
Daily or their affiliates. The CAN SLIM®
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affiliates are in no way responsible for any loss or damage
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Comments contained in the body of this report are technical
opinions only and are not necessarily those of Source Capital
Group, Inc. 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
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INDUSTRY
GROUP
WATCH
The commentary
and table below will show you important industry and/or
sector information through today's close. Tracking
certain areas or sectors for leadership characteristics
helps you to find individual stocks with the "L" in
CAN SLIM®
- Leaders in a leading group
Broad Based Sell Off Drags Stocks Lower
The tech sector was one of Friday's weak areas as the Semiconductor ($SOX -3.41%), Internet ($DOT -2.78%) and Networking ($NWX -2.46%) groups lost ground. Financial shares also weighed on the major averages as the Broker/Dealer ($XBD -2.87%) and Bank ($BKX -1.63%) indices ended lower. Commodity linked areas also backpedaled as the Gold & Silver ($XAU -2.49%), Oil Services ($OSX -1.87%) and Integrated Oil ($XOI -1.65%) indexes ended in the red. Elsewhere, the Retail ($RLX -1.97%), Healthcare ($HMO -1.60%) and Biotech ($BTK -1.55%) groups also lost ground.
The stocks below have
been recently featured by CANSLIM.net. Our experts
monitor these stocks and post updates on noteworthy
action here.
Medical Stock Perched Near Its Highs
Healthy stocks that are within close striking distance of new highs are often great buy candidates for investors to keep on their watch lists, especially when the companies match favorably with all of the investment system's criteria. When a stock is more than -10% off its 52-week high, and if it has violated its 50-day moving average (DMA) line, then the outlook only gets worse and worse as it spends a greater period of time trading deeper under that important short-term average line. By the time a stock's 50 DMA line starts sloping downward it should also be acknowledged that the stock has been struggling for a long while, in which case it might be time to reduce exposure and look for places to put that money to work in stronger buy candidates.
Natus Medical Inc. (BABY DOWN ($0.33) or -1.69% to $19.21) ended lower on below average volume, dragged down by broader market weakness. This high-ranked leader has spent the past several months trading in the $16-20 range. It has shown solid earnings growth above the +25% guideline in the 3 latest quarterly earnings comparisons (good C criteria) versus the year earlier, but its decelerating sales revenues growth in recent quarterly comparisons raises some concerns. Its Earnings Per Share (EPS) stands at a firm 95 and its Relative Strength (RS) rating is a solid 88. The number of top-rated funds owning an interest in its shares has remained rather steady with 44 in Jun '07 and 48 in Mar '08.
BABY was first featured on Friday, December 21, 2007 in the CANSLIM.net Mid Day Breakouts Report (read here) with a $19.06 pivot point and a $20.01 maximum buy price. The stock triggered a technical buy signal shortly after it was featured, but the broader market weakness in early January sent this stock sharply lower to its 200 DMA line. It gapped up on 2/12/08 and made it back to new high territory once again, however, its breakout attempt also failed immediately. The stock's steep pullback had it quickly retesting its 200 DMA line again. Since then, the stock has gradually climbed back toward prior chart highs, and a small share offering was completed on 4/04/08. As always, proper discipline requires investors to sell if any stock falls 7-8% from their buy price, as that is the only way to eliminate the chance of even larger losses occurring.
- by
Kenneth J. Gruneisen, Founder & Contributing Writer,
www.CANSLIM.net
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.
Comments contained in the body of this report
are technical opinions only and are not
necessarily those of Source Capital Group, Inc.
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.
Source Capital Group, Inc. is a FINRA/SIPC
member firm.
Y -
Today's better buy candidates
based on the
CAN SLIM®
investment system and highlighted by our staff of
experts.
G -
Previously featured in this report as yellow and now may
no longer be buyable under the guidelines.
NOTE :
ADDED FEATURES: Click the company name to view each
selection's CANSLIM.net Stock Profile including a full summary
of recent and previous analysis by our experts. On the
CANSLIM.net Featured Stocks Page you can now click the
column headings to alternately sort all currently Featured
Stocks in ascending/descending order.
Denotes link to Daily Graphs Online®
Last Updated Friday, April 11, 2008 at 4:32:00 PM by Kenneth Gruneisen and the expert staff at CANSLIM.net
Most Recent Note - 4/11/2008 4:02:29 PM
Y - Small loss on light volume, but recovered to close in the middle of its session. It has rallied above its pivot point from a 7-month flat base on above average volume, but not heavy enough volume. Just featured in the April 2008 CANSLIM.net News with detailed technical information and an annotated chart (read
here). Since January there has been no sign of institutional selling (distribution), which is a healthy sign. Look for the stock to confirm a new technical buy signal by producing a solid gain above its $72.91 pivot point with at least +50% above average volume. View all notes |
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CANSLIM.net Company
Profile
Most Recent Note - 4/11/2008 4:01:30 PM
Y - Continued falling into its prior base after negative reversal on 4/09/08 sent it to new all-time highs and above its pivot point. Considerable gain on 4/08/08 with only +13% above average volume helped it close at its best ever, rising clear of virtually all chart resistance. See the Featured Stock Update section of the 3/31/08 CANSLIM.net After Market Update for analysis and an annotated graph (read
here). Recent chart lows near $29 and its 200 DMA line are key support levels to watch now, where violations would trigger technical sell signals. Featured in a 2/28/08 CANSLIM.net Stock Bulletin with detailed analysis and an annotated graph (read
here). Decent earnings satisfy the C and A criteria for this high-ranked leader in a strong group (good L criteria). Sales revenues increases have been improving, but below the +25% guidelines, which is of some concern. Increasing institutional ownership interest is reassuring concerning the I criteria. View all notes |
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CANSLIM.net Company
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Most Recent Note - 4/11/2008 3:58:30 PM
Y - Volume has been drying up while it has been quietly hovering above its 50 DMA line in recent weeks. It recently found support near its 200 DMA line, but still faces some resistance due to overhead supply up to the $26 area. See the Featured Stock Update section of the 3/18/08 CANSLIM.net After Market Update for analysis and an annotated graph (read
here). Hit a new 52-week high on strong earnings news and guidance last month as its latest strong quarterly report showed accelerating sales revenues and earnings growth. However, it negatively reversed on 2/14/08, erasing its early gains above resistance in the $26 area. That action was previously noted as a sign it was encountering distributional selling pressure. Featured in the May 2007 edition of the CANSLIM.net News (read here) while it was trading above its pivot point of $20.37 and below its maximum buy price of $21.38. View all notes |
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CANSLIM.net Company
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Most Recent Note - 4/11/2008 3:57:48 PM
Y - Another light volume pullback as this stock faces little overhead supply. Continues quietly hovering near its all-time high $28.50 yet just above its 50 DMA line. Considerable gains on +50% above average volume or more are needed to help it rally above its pivot point and trigger a new technical buy signal. Its longer-term 200 DMA line (now $24.04) is the next important support level to watch. See the Featured Stock Update section of the 3/24/08 CANSLIM.net After Market Update for analysis and an annotated graph (read
here). It has failed to make headway and pulled back since featured in the 2/21/08 CANSLIM.net Mid-Day BreakOuts Report (read
here) and later that afternoon in a more detailed CANSLIM.net Stock Bulletin (read
here). It has shown steady annual earnings growth and its quarterly earnings increases have been borderline, but not especially impressive (for the C and A criteria) in respect to the system's +25% guideline. View all notes |
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CANSLIM.net Company
Profile
Most Recent Note - 4/11/2008 3:56:15 PM
Y - Light volume loss today, still hovering near all-time highs. The volume total on 4/01/08 was short of the +50% above average volume needed to trigger a proper technical buy signal, leaving questions about the recent level of institutional buying demand. Just updated on 3/23/08 in the Special Report Series (Part 1) - Dow Jones Industrial Average Follow Through (read
here). First featured in the November 2007 issue of CANSLIM.net News (read
here). Number of top-rated funds owning an interest rose from 92 in Dec '06 to 252 in Dec '07, a strong sign of institutional buying demand (the I criteria). View all notes |
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CANSLIM.net Company
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Most Recent Note - 4/11/2008 3:53:22 PM
Y - Closed lower this week on above average volume. The stock is still above its latest $31.54 pivot point and prior chart highs in the $30-31 area which is currently an important area of support. See the Featured Stock Update section of the 4/07/08 CANSLIM.net After Market Update for details and an annotated graph (read
here). Considerable gains on 4/04/08 with more than 3 times average volume helped it rise above its pivot point to confirm a technical buy signal. Previous bullish action was noted during its base as it gapped up on 3/27/08 above its 50 DMA line with nearly 4 times average volume when reporting strong quarterly sales revenues and earnings increases for the fourth quarter ended December 31, 2007. Its small supply of shares and light trading volumes could lead dramatic price volatility, especially if the institutional crowd rushes in or out. Just featured in the March 2008 CANSLIM.net News with detailed technical information and an annotated chart (read
here). View all notes |
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CANSLIM.net Company
Profile
Most Recent Note - 4/11/2008 3:50:17 PM
Y - Light volume loss today leaves it perched less than -7% off its all-time high. Color code is changed to yellow again with new pivot point and max buy levels noted. Increasing ownership interest by top rated funds is reassuring concerning the I criteria. See the Featured Stock Update section of the 3/27/08 CANSLIM.net After Market Update for analysis and an annotated graph (read
here). It recently recovered above its 50 DMA line after finding recent support near its 200 DMA line. Its recent failure to follow through on its breakout was noted as cause for concern. Featured on 2/21/2008 as early gains on high volume had it nearly challenging prior chart highs in the $47 area after reporting stronger earnings and sales revenues increases for the latest quarter ended Dec 31, 2007 (read
here). This high-ranked leader has a small supply of shares outstanding. Earnings and sales revenues increases have improved in recent quarterly comparisons, and both were especially strong in the just announced quarter ended December 31, 2007. It has a good annual earnings growth history (good A criteria). View all notes |
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CANSLIM.net Company
Profile
BABY- NASDAQ
Natus Medical Inc
HEALTH SERVICES - Medical Appliances & Equipment
Most Recent Note - 4/11/2008 3:44:00 PM
Y - Small loss on light volume today. Completed a small additional share offering on 4/04/08 raising approximately $13 million. See Friday's Featured Stock Update section (4/11/08) of the CANSLIM.net After Market Update for analysis and an annotated graph. The Featured Stock Update section of the 12/21/07 CANSLIM.net After Market Update included detailed analysis and an annotated graph after it triggered a technical buy signal, rising on heavy volume to new highs from a flat base 8 months long (read
here). View all notes |
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CANSLIM.net Company
Profile
Most Recent Note - 4/11/2008 3:39:23 PM
Y - Still trading quietly in a tight range near its highs. Featured in the April 2008 CANSLIM.net News with detailed technical information and an annotated chart (read
here). Look for the stock to confirm a new technical buy signal by breaking out and closing above its $62.62 pivot point (meets the N criteria) with gains on at least the minimum +50% above average volume or heavier volume in the coming days and weeks. As always, it is of the utmost importance to sell a stock if it drops 7-8% below your purchase price. The small supply of outstanding shares (the S criteria) could lead to dramatic price volatility, especially if the institutional crowd rushes in or out. Also, the market conditions are still somewhat questionable, largely due to the lack of leadership, which suggests this is not an ideal environment conducive for accumulating shares. View all notes |
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CANSLIM.net Company
Profile
MCRS- NASDAQ
Micros Systems Inc
COMPUTER SOFTWARE & SERVICES - Technical & System Software
Most Recent Note - 4/11/2008 2:47:58 PM
Y - Loss on light volume today has it sinking under its 200 DMA line, raising more concerns and triggering an additional sell signal. A breach of its prior chart low ($31.20 on 3/03/08) would be a sign of more worrisome technical deterioration. Its 4/07/08 violation of support at its 50 DMA line was noted, and deterioration under its prior high close ($35.60 on 2/13/08) also was previously noted to have raised concerns. On 3/24/08 it traded up and closed above its pivot point, however volume +44% above average was under the minimum guidelines for a proper buy signal. Just updated on 3/23/08 in the Special Report Series (Part 1) - Dow Jones Industrial Average Follow Through (read
here). Look for MCRS to trigger a proper technical buy signal with volume at least +50% above average behind considerable gains above its pivot point. - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC) View all notes |
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CANSLIM.net Company
Profile
Symbol/Exchange
Company Name
Industry Group
Last
Chg.
Vol (% DAV)
Date when First Featured
Price when First Featured
Latest Pivot Point
Featured
Status
Resources
Latest Max Buy Price
MANT- NASDAQ
Mantech International
COMPUTER SOFTWARE & SERVICES - Business Software & Services
Most Recent Note - 4/11/2008 2:42:19 PM
Y - Gapped down today and fell on light volume to near term support at its 50 DMA line. Negatively reversed on 4/09/08 after early gains on light volume to a new all-time high. Featured after it gapped up in the 4/01/08 CANSLIM.net Mid-Day BreakOuts Report (read
here). An annotated graph was included with more extensive details in that evening's CANSLIM.net After Market Update (read
here). There is very little overhead supply to hinder its progress. Sales and earnings in recent quarterly comparisons show stronger increases, and its annual growth has been steady. - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC) View all notes |
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CANSLIM.net Company
Profile
Most Recent Note - 4/11/2008 12:56:23 PM
Y - Gapped down today, erasing gains since its 4/01/08 gap up. It needs at least +50% above average volume behind gains above its pivot point to trigger a proper new technical buy signal. A subsequent breach of support at its 50 DMA line (now $117.21) would raise concerns and trigger a technical sell signal. It gapped up for a considerable 2/15/08 gain on heavy volume after reporting solid Q4 earnings and a favorable outlook. See the Featured Stock Update section of the 3/17/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). First featured in the 11/09/07 CANSLIM.net Mid-Day BreakOuts Report with an annotated graph (read
here). Sales revenues improved by +29% in the latest quarter, and its earnings growth rate has been stellar - satisfying the C and A criteria. - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC) View all notes |
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CANSLIM.net Company
Profile
Most Recent Note - 4/11/2008 12:46:15 PM
Y - Negatively reversed today's early gains, and after hitting a new all-time high it is now trading with a loss and volume is running at an above average pace. It has not yet triggered a proper technical buy signal since it was featured in the March 2008 CANSLIM.net News (read
here). The Featured Stock Update section of the 3/28/08 CANSLIM.net After Market Update provided a recent detailed analysis and an annotated graph (read
here). Considerable gain on above average volume brought an end to a positive week marked by a gain on 3/25/08 with the heaviest volume since 10/31/07. Its small supply of shares and very light trading volumes could lead dramatic price volatility, especially if the institutional crowd rushes in or out. Look for the stock to confirm a new technical buy signal by breaking out above its originally cited $77.60 pivot point with gains on heavy volume in the coming days and weeks. - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC) View all notes |
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CANSLIM.net Company
Profile
Most Recent Note - 4/11/2008 12:30:26 PM
Y - Gapped down today, pulling back toward its 50 DMA line (now $66.26). As previously noted, "Deterioration leading to a close back under its prior high close ($68.04 on 3/05/08) would raise concerns, and a violation of its 50 DMA line would trigger technical sell signals." See the Featured Stock Update section of the 4/09/08 CANSLIM.net After Market Update for analysis and an annotated graph (read
here). Its 3/25/08 gain above its pivot point with +52% above average volume was just above the minimum volume guideline for a proper technical buy signal. Decelerating sales revenues growth rate is a concern. Featured in the 1/31/08 CANSLIM.net Mid-Day BreakOuts Report (read
here). Hails from the high-ranked Containers group, which is reassuring concerning the L criteria. - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC) View all notes |
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CANSLIM.net Company
Profile
Most Recent Note - 4/11/2008 12:26:47 PM
Y - Small gap down today, falling on lighter than average volume. Gapped down on 4/08/08 for a considerable loss on heavy volume following an analyst downgrade, falling back under its latest pivot point, raising concerns. See the Featured Stock Update section of the 4/04/08 CANSLIM.net After Market Update for details and an annotated graph (read
here). Violation of its 50 DMA line ($101.85 now) or a breach of its latest chart lows would raise additional concerns and trigger technical sell signals. Featured in the 2/28/08 CANSLIM.net Mid-Day BreakOuts Report (read
here). As previously noted, closing under its December high close raised concerns by negating all of its impressive 2/28/08 gain that occurred on nearly 4 times average volume as it fell back into its prior base. It has a history of strong quarterly earnings and sales revenues increases. - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC) View all notes |
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CANSLIM.net Company
Profile
Most Recent Note - 4/11/2008 12:20:28 PM
Y - Gapped down today for a loss with volume running at an above average pace. Featured in the 4/10/08 CANSLIM.net Mid-Day BreakOuts Report (read
here) and in the Featured Stock Update section of the 4/10/08 CANSLIM.net After Market Update with detailed analysis and an annotated graph (read
here). Considerable gain on 4/10/08 on +49% above average volume helped it end at its best ever close. Near its all-time highs in the $359 area after a 4-month consolidation, with no resistance remaining due to overhead supply now. It has high-ranks based on strong quarterly sales revenues and earnings increases (good C criteria). Annual earnings have grown impressively over the past 3-5 years, however 2006's earnings were actually lower than 2005's, and the lack of steady growth raises a question concerning the A criteria. It had gapped down for a considerable loss on heavier volume on 1/08/08, and based on the weak technical action it was dropped from the Featured Stocks list. This stock has traded up more than 13-fold since it was first featured in yellow in CANSLIM.net report on August 18, 2004. - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC) View all notes |
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CANSLIM.net Company
Profile
Most Recent Note - 4/11/2008 3:59:27 PM
G - Traded under the prior chart low ($24.89 on 3/10/08) again today. Subsequent losses on heavy volume would trigger an additional technical sell signal, especially if its 200 DMA line (now $23.66) is breached. See the Featured Stock Update section of the 4/08/08 CANSLIM.net After Market Update for analysis and an annotated graph (read
here). It negatively reversed at its 50 DMA line on 4/07/08, encountering resistance at that important short-term average. Feature data was updated to reflect a 2:1 stock split effective 3/4/2008. First featured in the August '07 CANSLIM.net News (read
here). View all notes |
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CANSLIM.net Company
Profile
Most Recent Note - 4/11/2008 3:55:03 PM
G - Closed lower on below average volume as this stock continues pulling back towards its prior char highs. Several losses on above average volume in the past few sessions included gaps down on 4/03/08 and 4/08/08 have raised concerns. Previously noted as "extended well above its max buy level." Prior chart highs in the $50 area are now an important support level. First featured in the 3/18/08 CANSLIM.net Mid-Day BreakOuts Report after a gap up and considerable gain on very heavy volume to a new all-time high following its latest strong earnings report and raised guidance (read
here). Good annual earnings history and its 3 latest quarterly earnings increases were above the +25% guideline good C & A criteria). View all notes |
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CANSLIM.net Company
Profile
ICLR- NASDAQ
Icon Plc Ads
DIVERSIFIED SERVICES - Research Services
Most Recent Note - 4/11/2008 3:50:55 PM
G - Struggling in recent weeks as gains have lacked volume, and today it closed just under its 50 DMA line (now $64.22). Support is near its 2008 lows in the $58 area, and additional losses to new lows would trigger additional technical sell signals. Concerns were raised by an upward trendline violation which was covered in the Featured Stock Update section of the 3/19/08 CANSLIM.net After Market Update analysis and annotated graph (read
here). Gapped up on 2/21/08 from a base-on-base type pattern after its latest strong earnings report. First featured in yellow at $45.50 in 4/24/2007 CANSLIM.net Mid-Day Breakouts Report (read
here). View all notes |
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CANSLIM.net Company
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Most Recent Note - 4/11/2008 3:48:27 PM
G - Pulling back toward prior chart highs in the $63 area and its 50 DMA line which are both important areas of support. Deterioration into the prior base would raise concerns and trigger technical sell signals. See the Featured Stock Update section of the 3/20/08 CANSLIM.net After Market Update for analysis and an annotated graph (read
here). Gapped up on 2/29/08 for a considerable gain on very heavy volume after it reported better than expected earnings results and gave FY '08 earnings and revenues guidance above Street expectations. The quarter ended Dec 31, 2007 had only a +20% earnings per share increase, giving cause for concern. Featured in the 12/28/07 CANSLIM.net Mid-Day BreakOuts Report (read
here). Increasing institutional ownership, with the number of top rated funds owning shares rising from 96 in Dec '06 to 172 in Mar '08, satisfying the I criteria. Completed an additional share offering on 10/03/07. View all notes |
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CANSLIM.net Company
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Most Recent Note - 4/11/2008 3:41:57 PM
G - Pulling back after recently hitting new all-time highs. Prior chart highs in the $22-23 area are an important support level now. Most recent gains have come on above average volume, and its 4/04/08 gain on +67% above average volume met the guideline for a proper technical buy signal. Color code was changed to green after its recent winning streak lifted it above the max buy level. See the Featured Stock Update section of the 3/27/08 CANSLIM.net After Market Update for analysis and an annotated graph (read
here). High ranked leader in the strong Oil & Gas US Exploration/Production group with a good annual earnings growth history (good A criteria). Showing strong quarterly sales revenues increases, and earnings were well above the +25% guideline in the 2 latest quarterly comparisons versus the year earlier period. View all notes |
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CANSLIM.net Company
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Most Recent Note - 4/11/2008 3:38:15 PM
G - Halted its steep slide during the first week of April but has failed to repair the damage and continues trading just above its longer-term 200 DMA line. Concerns were raised by its recent streak of damaging losses that led to a 50 DMA line violation and deterioration under its November high close ($15.49). It now faces resistance due to overhead supply after having negated all of this year's bullish action. See the Featured Stock Update section of the 3/26/08 CANSLIM.net After Market Update with an annotated graph (read
here). It has been hit by heavy institutional selling pressure that triggered technical sell signals and pushed it well below its latest pivot point. Concerns were initially noted based on weakness after hitting a new all-time high on 3/17/08 and negatively reversing. Traded up as much as +25.4% after it was first featured at $15.89 in the February 2008 CANSLIM.net News (read
here). Strong leader in the high-ranked Metal Ores - gold/silver group. View all notes |
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CANSLIM.net Company
Profile
Most Recent Note - 4/11/2008 12:23:29 PM
G - Volume is quiet while it is pulling back from its all-time highs, trading just above support at its 50 DMA line (now $31.53). Due to report earnings following the close of the market on Monday, April 14, 2008. See the Featured Stock Update section of the 4/02/08 CANSLIM.net After Market Update for analysis and an annotated graph (read
here). Making steady progress in recent weeks with bullish price/volume action helping it rally above its max buy level. Number of top rated funds owning an interest rose from 39 in Mar '07 to 47 in Dec '07, helping satisfy the I criteria. First featured in the 1/31/08 CANSLIM.net Mid-Day BreakOuts Report (read
here). Its annual earnings growth rate (the A criteria) has been steady but not especially impressive, and sales revenue growth had been below the +25% guideline up until its latest quarter ended Dec 31, 2007, which showed a solid +37% increase. Very strong quarterly earnings increases (good C criteria). - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC) View all notes |
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CANSLIM.net Company
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Most Recent Note - 4/11/2008 12:17:07 PM
G - Gapped down today for a considerable loss on heavy volume, which has it testing support near prior chart highs and its 50 DMA line in the $45-46 area. Concerns are raised by the poor technical action after an analyst's "fraud discovery warning" (read here). Rebounded to a new all-time high quickly after it found prompt support following its 3/29/08 gap down that pressured it near prior chart highs in the $46 area. See the Featured Stock Update section of the 3/14/08 CANSLIM.net After Market Update for analysis and an annotated graph (read
here). Traded up above its pivot point on 3/12/08 to new all-time highs with volume more than double its average daily trading total, enough to trigger a new technical buy signal. Featured in the 2/28/08 CANSLIM.net Mid-Day BreakOuts Report with a $46.14 pivot point (read
here). Good annual and quarterly earnings growth history satisfies the C and A criteria. - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC) View all notes |
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CANSLIM.net Company
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ABBREVIATION KEY
L= Leader | ET = Extended | BO = Break Out (new) | BV = Big
Volume | F = Fundamentals C = Current Quarterly Earnings
Comparisons | A = Annual Earnings Comparisons | S = Shares
Outstanding | I = Institutional Ownership | PP = Pivot Point |
MB = Maximum Buy Price Under the Guidelines | DGO = Daily Graphs
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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.
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