No lack of opportunities

June 13, 2007

A day like today gives lots to work on. Even better was if you were prepared for a bounce and got in to some of the pre identified positions early today.

Double Trouble

39 breakouts in the list today. If the rally continues expect the high of 500 plus to be taken out soon.

AOI,Alliance One International Inc (Google  Yahoo  Earnings  Chart) 
CBTE,Commonwealth Biotech Inc (Google  Yahoo  Earnings  Chart) 
COG,Cabot Oil & Gas Corp (Google  Yahoo  Earnings  Chart) 
CTV,Commscope Inc (Google  Yahoo  Earnings  Chart) 
CYNO,Cynosure Inc (Google  Yahoo  Earnings  Chart) 
CYTR,Cytrx Corporation (Google  Yahoo  Earnings  Chart) 
EGI,Entree Gold Inc (Google  Yahoo  Earnings  Chart) 
ELON,Echelon Corporation (Google  Yahoo  Earnings  Chart) 
ELP,Companhia Paranaense De (Google  Yahoo  Earnings  Chart) 
ENG,Englobal Corp (Google  Yahoo  Earnings  Chart) 
EVCI,Evci Career Colleges Inc (Google  Yahoo  Earnings  Chart) 
FRPT,Force Protection Inc (Google  Yahoo  Earnings  Chart) 
FTK,Flotek Industries Inc (Google  Yahoo  Earnings  Chart) 
HSKA,Heska Corp (Google  Yahoo  Earnings  Chart) 
IMMR,Immersion Corporation (Google  Yahoo  Earnings  Chart) 
IVN,Ivanhoe Mines Ltd (Google  Yahoo  Earnings  Chart) 
JADE,Lj Internat Inc (Google  Yahoo  Earnings  Chart) 
JCG,J Crew Group Inc (Google  Yahoo  Earnings  Chart) 
KHDH,Humboldt Wedag International Ltd (Google  Yahoo  Earnings  Chart) 
MALL,Pc Mall Inc (Google  Yahoo  Earnings  Chart) 
MCF,Contango Oil & Gas (Google  Yahoo  Earnings  Chart) 
MEA,Metalico Inc (Google  Yahoo  Earnings  Chart) 
MOS,Mosaic Company (Google  Yahoo  Earnings  Chart) 
NETC,Net Servicos De Comunicado Ads (Google  Yahoo  Earnings  Chart) 
NEXM,Nexmed Inc (Google  Yahoo  Earnings  Chart) 
NFI,Novastar Financial Inc (Google  Yahoo  Earnings  Chart) 
NGA,North American Galvanizing & Coatings Inc (Google  Yahoo  Earnings  Chart) 
NLN,National Lampoon Inc (Google  Yahoo  Earnings  Chart) 
OMPI,Obagi Medical Products Inc (Google  Yahoo  Earnings  Chart) 
OMTR,Omniture Inc (Google  Yahoo  Earnings  Chart) 
ONT,On2.Com Inc (Google  Yahoo  Earnings  Chart) 
ORBC,Orbcomm Inc (Google  Yahoo  Earnings  Chart) 
PRKR,Parkervision Inc (Google  Yahoo  Earnings  Chart) 
SSYS,Stratasys Inc (Google  Yahoo  Earnings  Chart) 
TBSI,TBS International Limited Class A (Google  Yahoo  Earnings  Chart) 
TRA,Terra Industries Inc (Google  Yahoo  Earnings  Chart) 
VDSI,Vasco Data Security Intl (Google  Yahoo  Earnings  Chart) 
VIV,Vivo Participacoes S.A. (Google  Yahoo  Earnings  Chart) 
VLCM,Volcom Inc (Google  Yahoo  Earnings  Chart) 


CANSLIM EPS 70 plus
With 63 breakout, you can not complain of lack of opportunities. Even more stocks in the IBD 200 I am expecting will breakout in couple of days. Most of these stocks have the ideal characters of month or 65 days weakness.

ACTU,Actuate Corporation (Google  Yahoo  Earnings  Chart) 
AMN,Ameron Internat Corp (Google  Yahoo  Earnings  Chart) 
ARMHY,Arm Holdings Plc Ads (Google  Yahoo  Earnings  Chart) 
ASCA,Ameristar Casinos Inc (Google  Yahoo  Earnings  Chart) 
AVAV,Aerovironment Inc (Google  Yahoo  Earnings  Chart) 
BBND,Bigband Networks Inc (Google  Yahoo  Earnings  Chart) 
BK,Bank Of New York Co Inc (Google  Yahoo  Earnings  Chart) 
BZC,Breeze Eastern Corp (Google  Yahoo  Earnings  Chart) 
CBE,Cooper Industries Inc (Google  Yahoo  Earnings  Chart) 
CIB,Bancolombia Sa (Google  Yahoo  Earnings  Chart) 
CNX,Consol Energy Inc (Google  Yahoo  Earnings  Chart) 
CTRN,Citi Trends Inc (Google  Yahoo  Earnings  Chart) 
CTSH,Cognizant Tech Sol Cp A (Google  Yahoo  Earnings  Chart) 
CYNO,Cynosure Inc (Google  Yahoo  Earnings  Chart) 
DK,Delek US Holdings Inc (Google  Yahoo  Earnings  Chart) 
DOV,Dover Corp (Google  Yahoo  Earnings  Chart) 
DTPI,Diamond Mgt Tech Consultants (Google  Yahoo  Earnings  Chart) 
ELP,Companhia Paranaense De (Google  Yahoo  Earnings  Chart) 
ESS,Essex Property Trust Inc (Google  Yahoo  Earnings  Chart) 
FCFS,First Cash Financial Svc (Google  Yahoo  Earnings  Chart) 
FCSX,FCStone Group` Inc. (Google  Yahoo  Earnings  Chart) 
FLS,Flowserve Corp (Google  Yahoo  Earnings  Chart) 
FMCN,Focus Media Holding Ltd ADR (Google  Yahoo  Earnings  Chart) 
FNSR,Finisar Corporation (Google  Yahoo  Earnings  Chart) 
FRPT,Force Protection Inc (Google  Yahoo  Earnings  Chart) 
FTK,Flotek Industries Inc (Google  Yahoo  Earnings  Chart) 
GGB,Gerdau Sa Ads (Google  Yahoo  Earnings  Chart) 
HOC,Holly Corp (Google  Yahoo  Earnings  Chart) 
HTZ,Hertz Global Holdings Inc (Google  Yahoo  Earnings  Chart) 
IHS,IHS Inc (Google  Yahoo  Earnings  Chart) 
INWK,Innerworkings Inc (Google  Yahoo  Earnings  Chart) 
IPAR,Inter Parfums Inc (Google  Yahoo  Earnings  Chart) 
ITW,Illinois Tool Works Inc (Google  Yahoo  Earnings  Chart) 
JADE,Lj Internat Inc (Google  Yahoo  Earnings  Chart) 
JAKK,Jakks Pacific Inc (Google  Yahoo  Earnings  Chart) 
JCG,J Crew Group Inc (Google  Yahoo  Earnings  Chart) 
LIFC,Lifecell Corporation (Google  Yahoo  Earnings  Chart) 
MALL,Pc Mall Inc (Google  Yahoo  Earnings  Chart) 
MDRX,Allscripts Healthcare Solution (Google  Yahoo  Earnings  Chart) 
MEA,Metalico Inc (Google  Yahoo  Earnings  Chart) 
MEL,Mellon Financial Corp (Google  Yahoo  Earnings  Chart) 
MFB,Maidenform Inc (Google  Yahoo  Earnings  Chart) 
MTL,Mechel Steel Group OAO ADS (Google  Yahoo  Earnings  Chart) 
NGA,North American Galvanizing & Coatings Inc (Google  Yahoo  Earnings  Chart) 
NOV,National Oilwell Varco Inc (Google  Yahoo  Earnings  Chart) 
NPO,Enpro Industries Inc (Google  Yahoo  Earnings  Chart) 
OMCL,Omnicell Inc (Google  Yahoo  Earnings  Chart) 
OMTR,Omniture Inc (Google  Yahoo  Earnings  Chart) 
PAY,VeriFone Holdings Inc (Google  Yahoo  Earnings  Chart) 
RDY,Dr Reddys Labs (Google  Yahoo  Earnings  Chart) 
RTP,Rio Tinto Plc Adr (Google  Yahoo  Earnings  Chart) 
SFLY,Shutterfly Inc (Google  Yahoo  Earnings  Chart) 
SLB,Schlumberger Ltd (Google  Yahoo  Earnings  Chart) 
SSYS,Stratasys Inc (Google  Yahoo  Earnings  Chart) 
TATTF,Tat Technol Ltd (Google  Yahoo  Earnings  Chart) 
TBSI,TBS International Limited Class A (Google  Yahoo  Earnings  Chart) 
TCK,Teck Cominco Limited (Google  Yahoo  Earnings  Chart) 
TDY,Teledyne Technologies (Google  Yahoo  Earnings  Chart) 
TWLL,Techwell Inc (Google  Yahoo  Earnings  Chart) 
VDSI,Vasco Data Security Intl (Google  Yahoo  Earnings  Chart) 
VLCM,Volcom Inc (Google  Yahoo  Earnings  Chart) 
WFT,Weatherford International Ltd (Google  Yahoo  Earnings  Chart) 
XFML,Xinhua Finance Media Ads (Google  Yahoo  Earnings  Chart) 


Episodic Pivots

Bullish
AVB,Avalonbay Communities (Google Yahoo Earnings Chart)
CBTE,Commonwealth Biotech Inc (Google Yahoo Earnings Chart)
CMTL,Comtech Telecommun Corp (Google Yahoo Earnings Chart)
CSAR,Caraustar Industries Inc (Google Yahoo Earnings Chart)
CYTR,Cytrx Corporation (Google Yahoo Earnings Chart)
FLS,Flowserve Corp (Google Yahoo Earnings Chart)
GRRF,China Grentech Corp Limited ADS (Google Yahoo Earnings Chart)
GS,Goldman Sachs Group Inc (Google Yahoo Earnings Chart)
HH,Hooper Holmes Inc (Google Yahoo Earnings Chart)
HOKU,Hoku Scientific Inc (Google Yahoo Earnings Chart)
HTZ,Hertz Global Holdings Inc (Google Yahoo Earnings Chart)
IMMR,Immersion Corporation (Google Yahoo Earnings Chart)
KMGB,Kmg Chemicals Inc. (Google Yahoo Earnings Chart)
LWSN,Lawson Software Inc (Google Yahoo Earnings Chart)
NGA,North American Galvanizing & Coatings Inc (Google Yahoo Earnings Chart)
OMTR,Omniture Inc (Google Yahoo Earnings Chart)
POR,Portland General Electric Co (Google Yahoo Earnings Chart)
SAPE,Sapient Corporation (Google Yahoo Earnings Chart)
STAK,Staktek Corp (Google Yahoo Earnings Chart)
TLT,iShares Lehman 20+ Year Treasury Bond Fund ETF (Google Yahoo Earnings Chart)
VNX,Vendingdata Corp (Google Yahoo Earnings Chart)
WTW,Weight Watchers Intl Inc (Google Yahoo Earnings Chart)
XTLB,XTL Biopharmaceuticals ADR (Google Yahoo Earnings Chart)

Bearish
CDL,Citadel Broadcasting (Google Yahoo Earnings Chart)
HS,HealthSpring (Google Yahoo Earnings Chart)
SHLM,A.Schulman Inc (Google Yahoo Earnings Chart)

During the correction, most stocks were holding on to their gains and the rebound has ,many of those stocks resuming their rally.

7 comments :

  1. Pradeep youve got the best stock blog on the internet. Ive seen a lot but youve got stuff figured out here like no one else. Youve made me a better trader, and ive made many thousands more then i would have otherwise since reading your blog. THanks dude!

    ReplyDelete
  2. On a day when you have a preponerance of potential buy candidates, how do you filter for the best and do you enter right away or wait for other signals?

    ReplyDelete
  3. 1 You can chose from IBD 200 which narrows it further
    2 Float
    3 Earning/sales growth rate
    4 Number o year since IPO
    5 margin and roe
    6 Sector
    7 one year price growth.
    There are many ways to reduce it. I prefer ones with low float and triple digit earnings/ sales growth.

    ReplyDelete
  4. One quick question on a episodic candidate (HOKU). Do you know of a way to filter out intra-day, through TC, when a stock has an extreme movement in volume such as this stock did yesterday. This stock averages about 300k daily and yesterday was over 1M shares traded. Not only were there alot of shares traded, the price moved very little. To me this is a flag of things that could potentially happen and would prompt to possibly take a small position.

    What are your thoughts and this method?

    Once again thank you for all of your efforts in putting this amazing blog together.

    ReplyDelete
  5. TC has a ready scan for volume.
    Volume surge today
    Volume moves not accompanied by price move are not very reliable.

    ReplyDelete
  6. RCCC is so annoying, just when you think it's too high it just keep on going up and up. i wish i had taking the trade a few days ago

    ReplyDelete

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