70 Plus EPS

Number of stocks I was watching for weeks have broken out today. A good mix of overextended stuff and some oversold stuff. Finally MICC has a decent breakout. It was also one of the two black bordered stock in IBD 85-85 list today. Always keep an eye on the black bordered candidates and stocks which IBD pounds table on. MICC has got lot of coverage over the years in IBD.

AUY,Yamana Gold Inc (Google  Yahoo  Earnings  Chart
BVF,Biovail Corp (Google  Yahoo  Earnings  Chart
CBEY,CBeyond Communications Inc (Google  Yahoo  Earnings  Chart
CECE,Ceco Environmental Corp (Google  Yahoo  Earnings  Chart
CKSW,Clicksoftware Technlgies (Google  Yahoo  Earnings  Chart
CYNO,Cynosure Inc (Google  Yahoo  Earnings  Chart
DJ,Dow Jones & Co Inc (Google  Yahoo  Earnings  Chart
ESEA,Euroseas Ltd (Google  Yahoo  Earnings  Chart
ESL,Esterline Technology Cp (Google  Yahoo  Earnings  Chart
FCSX,FCStone Group` Inc. (Google  Yahoo  Earnings  Chart
GROW,U.S. Global Invest Inc A (Google  Yahoo  Earnings  Chart
JCG,J Crew Group Inc (Google  Yahoo  Earnings  Chart
MEA,Metalico Inc (Google  Yahoo  Earnings  Chart
MICC,Millicom Intl Cellular Sa (Google  Yahoo  Earnings  Chart
MR,Mindray Medical Intl Ltd (Google  Yahoo  Earnings  Chart
MT,Arcelor Mittal (Google  Yahoo  Earnings  Chart
MTOX,Medtox Scientific (Google  Yahoo  Earnings  Chart
QI,Qimonda AG (Google  Yahoo  Earnings  Chart
SILC,Silicom Ltd (Google  Yahoo  Earnings  Chart
SUPX,Supertex Inc (Google  Yahoo  Earnings  Chart
VOL,Volt Info Sciences Inc (Google  Yahoo  Earnings  Chart
WBD,Wimm Bill Dann Foods Ojsc (Google  Yahoo  Earnings  Chart


BrandonRBurg said...

Pradeep, great commentary. A lot of it seems like common sense but in many cases that is what's needed.

I too have been watching MICC and got in on the breakout just above the buypoint. However, the only catalyst I can find for the move is an upgrade by S&P. How do you feel about breakouts where the catalyst is an analyst upgrade? Thanks.

Pradeep Bonde said...

But there are many other things going for MICC, like sector, like earnings, many quarters of good earnings, funds buying, relative strength. It was any way creeping up for couple of days. When I saw the black border in IBD today, I told couple of people to watch it as it will likely breakout. The S&P upgrade was incidental.

BrandonRBurg said...

All very good points. We'll see if it can keep going. Best of luck and thanks again for the comments.

Krisampath said...

I would like to see if the breakout is confirmed on Monday ( It will go up initially when the market opens, but there is a likelyhood of some profit taking and will come down). I am thinking of making an entry at that point, as I missed out this morning.

BrandonRBurg said...

Good point, A further break out would be great, but a light volume pullback to 90 could be a chance to load up again.

Pradeep Bonde said...

In my experience the Wall Street pros would seldom allow you to get in at less risky or more favorable price after a real breakout.

Either one should do their homework before hand and jump on opportunity at first hint or just move on to next opportunity. MICC, SSW, were two stocks which I had shortlisted last week from IBD 200 as best candidates. So first hint of high volume and i was in.

Will it go up or go down or pullback next , who knows, one trade does not matter in overall scheme of things. Probability of it going up is high that is the only reason to buy.