Ready List Stocks not in the “Top 10″ as of 04/28/2013

Written by MichaelGLamothe on . Posted in Ready List

This week a total of 31 stocks made it onto the ready list.  The overall rating 8.82, down from 9.06 last week.  The average rating of stocks not making the “Top 10″ this week was 8.09 down from 8.51 last week.  Stocks highlighted in blue are top stocks that are pulling into the 10wk line.  

None of these stocks or ratings should be misconstrued as recommendations to buy, sell, or hold.  They are presented here for educational and demonstrative purposes only.  All ratings are based on my Stock Evaluation Guide and the charts/data provided by MarketSmith

Rank Rating Symbol Name EPS Due Date Notes
11 8.75

CAB

CAB Weekly 04-28-13

Cabelas Inc 07-26-2013

BASE/CHART: CAB has formed a 3rd stage (-.25) flat base that is 5wks long, 14% deep, & has a $62.22 pivot.  There are 3wks down vs 2 wks up in the base (-.25) CAB did b/o of the base this week on tremendous volume & the RS line hit a new all-time high.  The RS rating is strong at 93.  9.5 so far.

EARNINGS: annual earnings are estimated to rise 25% this year.  The EPS growth rate and ROE are slightly below what I like to see at 20% and 15% respectively (-.25) The earnings stability rating is strong at 9.  Current quarterly EPS and sales are both strong. 9.25 so far.

GROUP: currently ranked 32

OWNERSHIP: fund ownership actually dropped this quarter (-.5).  Mgt holds 34% of shares and there are 2 top funds in CAB. 

OVERALL: 8.75

 

12 8.35

RMD

RMD Weekly 04-28-13

Resmed Inc 08-02-2013

BASE/CHART: RMD is working on a 2nd stage cup w/ handle that is 12wks long, 13% deep, and has a 6% handle.  There are 6wks down vs 6 wks up.  A 4wks tight formed at the bottom of the base, a sign of support.  The RS line needs to recover prior to breaking out and the RS rating of 76 (-.1) needs to improve as well.  9.9 so far.

EARNINGS: annual earnings are estimated to rise 17% this year (-.25) The EPS growth rate is strong at 25%, the earnings stability is good at 8, and the ROE is strong at 17%.  Quarterly EPS is strong but quarterly sales fall below the 25%+ I look for (-.25) 9.4 so far.

GROUP:  currently ranked 107 (-1) takes us down to 8.4

OWNERSHIP: fund ownership has risen the past 5 quarters.  Mgt holds 6% of shares but there are no top funds in RMD (-.05)

OVERALL: 8.35

 

13 8.3

QIHU

 QIHU Weekly 04-19-13

Qihoo 360 Technology Ads 05-23-2013

BASE/CHART: QIHU is presently working on a 2nd stage cup that is 7wks long, 20% deep, and has a $34.90 pivot. There are 5wks up and 2wks down. There is a strong shakeout below the 10wk line on the left side of the base and vol is rising on the rt side of the base. 5 of 7 wks are below the 10wk line (-.5)  The RS line has turned up and the RS rating is 95. 9.5 so far. (also note apparent character change in the price action of the overall pattern. VERY wide and loose starting in 2011.  Has recently tightened up.

EARNINGS: annual earnings are estimated to rise 24% this year. The EPS growth rate is superb at 292%. The earnings stability rating is poor at 57 (-.2) and the ROE is strong at 23%. Quarterly EPS is weak and decelerating the past several quarters (-.5).  Quarterly sales are strong. 8.8 so far.

GROUP: currently ranked 70 (-.5) takes us to 8.3

OWNERSHIP: fund ownership has risen for 3 straight quarters. Mgt holds 54% of shares & there is 1 top fund in QIHU.

OVERALL: 8.3

 

14 8.25

UTHR

 UTHR Weekly 04-28-13

United Therapeutics Corp 07-26-2013

BASE/CHART: UTHR has formed a 1st stage flat base that is 5wks long, 10% deep, and has a $63.11 pivot.  There is tightness on the left side of the base and strong support along the 10wk line and seen in the large spikes in volume.  UTHR attempted to b/o this week but failed. It did close in the top half of it’s range.There are 4wks down vs 1 wk up (-.25)  The RS line is near a 52wk high and the RS rating is strong at 84. 9.75 so far.

EARNINGS: annual earnings are estimated to rise 10% this year (-.25) The EPS growth rate is outstanding at 125% and the ROE is strong at 30%.  The earnings stability rating is a little too high at 34 (-.2).  Quarterly EPS and sales dropped this quarter & are well below the 25% threshold (-.5). 8.8 so far.

GROUP:  currently ranked 5

OWNERSHIP: fund ownership has declined the past 2 quarters (-.5), there are no top fund in UTHR (-.05) & mgt holds 7% of shares.

OVERALL: 8.25

 

15 8

AMBA

AMBA Weekly 04-28-13

Ambarella Inc 08-29-2013

BASE/CHART: AMBA has formed a 1st stage cup that is 7wks long, 33% deep, and has a $13.42 pivot.  There are 4wks up vs 3wks down.  However, 5 wks are below the 10wk line (-.5) and AMBA did rise straight up off the bottom of the base (-.5). It tripped the 8% sell rule and is now retesting the pivot. The RS line is rising and the RS rating is strong at 98. 9 so far.

EARNINGS: annual earnings are estimated to decline 1% next year (-.25) The EPS growth rate is 58%, the ROE isn’t available and the earnings stability rating is 72 (-.2) Quarterly earnings and sales are both strong.  8.55 so far.

GROUP: currently ranked 80 (-.5) brings us down to 8.05

OWNERSHIP: fund ownership rose last quarter but there are no top funds in AMBA (-.05) Mgt holds 15% of shares.

OVERALL: 8

 

16 7.55

ABG

ABG Weekly 04-28-13

Asbury Automotive Group 07-24-2013

BASE/CHART: ABG (-.1) for trading under 400k shares/day. ABG formed & broke out of a 4th stage (-.5) flat base that is 5wks long, 13% deep, and has a $38.25 pivot.  There are 4wks down vs 1 up (-.25).  Though the breakout was strong, the vol in the base came on much stronger vol on down weeks. The RS line is making new highs and the RS rating is 88.  9.15 so far

EARNINGS: annual earnings are estimated to rise 18% this year (-.25) The EPS growth rate is 23% (-.15) the ROE is good at 23%, but the earnings stability rating is 40 (-.2) Quarterly EPS is strong & quarterly sales are accelerating (but below the 25% I typically look for so I consider it a wash). 8.55 so far.

GROUP: currently ranked 115 (-1) brings us down to 7.55

OWNERSHIP: fund ownership has risen the past 2 quarters.  MGT holds 5% of shares and there is 1 top fund in ABG. 

OVERALL: 7.55

 

17 7.4

V

V Weekly 04-28-13

Visa Inc Cl A 05-01-2013

BASE/CHART: V has formed a 3rd stage (-.25) flat base that is 10wks long, 5% deep and has a 162.77 pivot.  It has formed a 5wks tight in the base and has held the 10wk line throughout the base.  There are 5wks up vs 5wks down.  The RS line is rising and the RS rating is 79 (-.1).  9.65 so far.

EARNINGS: annual earnings are estimated to rise 19% this year (-.25)  The EPS growth rate, earnings stability rating, and ROE are all strong.    Quarterly EPS and Sales are slightly below the 25% levels I look for.  (-.5). 8.9 so far.

GROUP: currently ranked 114 (-1)  7.9 so far.

OWNERSHIP: fund ownership has risen for 7 straight quarters.  There are 5 top funds in V but management holds 0% of shares (-.5)

OVERALL: 7.4

 

   

GMCR

GMCR Weekly 04-28-13

Green Mtn Coffee Roastrs 05-08-2013 pull back to 10 week line
   

PRIM

PRIM Weekly 04-19-13

Primoris Services Corp 05-09-2013 pull back to 10 week line
   

FLT

FLT Weekly 04-28-13

Fleetcor Technologies 05-02-2013 pull back to 10 week line
n/a n/a JAZZ Jazz Pharmaceuticals Plc 05-07-2013 Removed from Ready List due to RS rating below 70
n/a n/a INGR Ingredion Inc 05-02-2013 Removed from Ready List due to A/D rating below C
n/a n/a EXR Extra Space Storage Inc 04-29-2013 Removed from Ready List due to A/D rating below C
n/a n/a ARMH A R M Holdings Plc Ads 07-25-2013 Removed from Ready List due to A/D rating below C
n/a n/a NSR Neustar Inc 05-02-2013 Removed from Ready List due to A/D rating below C
n/a n/a PII Polaris Industries Inc 07-24-2013 Removed from Ready List due to A/D rating below C
n/a n/a MA Mastercard Inc Cl A 05-01-2013 Removed from Ready List due to A/D rating below C
n/a n/a EMN Eastman Chemical Co 07-30-2013 Removed from Ready List due to Industry Group Rank below 122
n/a n/a IPGP I P G Photonics Corp 05-01-2013 Removed from Ready List due to Industry Group Rank below 123
n/a n/a MYL Mylan Inc 05-02-2013 Removed from Ready List due to Industry Group Rank below 124
n/a n/a LOPE Grand Canyon Education 05-07-2013 Removed from Ready List due to Industry Group Rank below 125

None of these stocks or ratings should be misconstrued as recommendations to buy, sell, or hold.  They are presented here for educational and demonstrative purposes only.  All ratings are based on my Stock Evaluation Guide and the charts/data provided by MarketSmith

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MichaelGLamothe

Founder of ChartYourTrade.com

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