Ready List Stocks not in the “Top 10″ as of 05/05/2013

Written by MichaelGLamothe on . Posted in Ready List

Overall this week there were some pretty decent stocks that got cut from the “Top 10″ due to lack of space.  When this happens I consider it an additional sign of strength for the market.  More highly rated stocks are setting up in bases and the more of this I see the better.  

This week the average score of stocks falling outside the “Top 10″ improved from 8.09 last week to 8.35 this week.  

There are a number of stocks on this list that have a tie in their ratings.  When this happens, I use the group rank as the tie breaker.  Most stocks tend to move with their group so to me, everything else held equal, I’d personally prefer the stock with the higher group rank.

Rank Rating Symbol Name EPS Due Date Notes
11 8.9

GRFS

GRFS Weekly 5:4:13

Grifols Sa Ads 04-24-2013

BASE/CHART: (-.1) for trading under 400k shares/day. GRFS attempted to break out of a 2nd stage flat base this week that is 6wks long, 10% deep, w/ a $31.03 pivot.  It didn’t have the vol & fell back below the pivot.  There are 3wks up & 3wks down in the base.  As GRFS has moved up, the down wks appear to have stronger vol while the up weeks have weaker vol. I’m not taking pts off but this is something to be aware of.  GRFS has also held the 10wk line throughout the base. The RS line is close to all time highs and the RS rating is 88. 9.9 so far.

EARNINGS: annual earnings estimates are n/a this year, not sure why (-.25).  The EPS growth rate is 10% (-.15), the earnings stability rating is 15, and the ROE is n/a.  Quarterly EPS is strong and accelerating (+.25) but quarterly sales are low (-.25)  9.5 so far

GROUP: currently ranked 69 (-.5) takes us down to 9

OWNERSHIP: fund ownership has risen for 3 straight quarters. There is 1 top fund in GRFS.  Mgt ownership is n/a (-.1)

OVERALL: 8.9

 

12 8.9

RMD

RMD Weekly 5:4:13

Resmed Inc 08-02-2013

BASE/CHART: RMD broke out of 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 still has some work to do and the RS rating of 79 (-.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 75 (-5) takes us down to 8.9

OWNERSHIP: fund ownership has risen the past 4 quarters.  Mgt holds 6% of shares and there is 1 top funds in RMD

OVERALL: 8.9

 

13 8.85

GOOG

GOOG Weekly 5:4:13

Google Inc 07-19-2013

BASE/CHART: GOOG broke out of a 1st stage cup that is 7wks long, 10% deep, and has a $844 pivot. There are 4wks down & 3wks up so far (-.25) GOOG formed a 3wks tight near the bottom of the base, which is constructive, The RS line is moving up overall and the RS rating is 81. 9.75 so far.

EARNINGS: annual earnings are estimated to rise 15% this year (-.25) The EPS growth rate is 21% (-.15) The earnings stability rating is 4 and the ROE is 20%, both strong.  The quarterly EPS is lower than the 25% I like to see, but has accelerated so I’ll call it a wash. Quarterly sales are strong. 9.35 so far.

GROUP: currently ranked 7

OWNERSHIP: fund ownership has risen the past 4 quarters. Mgt holds 0% of shares (-.5) and there are 11 top funds in GOOG.

OVERALL: 8.85

 

14 8.75

CAB

CAB Weekly 5:4:13

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 last 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 28

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

OVERALL: 8.75

 

15 8.5

ATVI

ATVI Weekly 04-28-13

Activision Blizzard Inc 05-08-2013

BASE/CHART: ATVI broke out of a 1st stage flat base that is 7wks long, 8% deep, & has a $15.08 pivot.  Vol has been low throughout the base but each down week has shown support closing in 40% or higher in it’s weekly trading range. There are 4wks down vs 3wks up (-.25)The RS line is strengthening and seems poised to move higher. The RS rating is 88.  9.75 so far.

EARNINGS: annual earnings are estimated to drop 28% this year (-.25) The EPS growth rate is 17% (-.15) the ROE is 12% (-.1) but the earnings stability rating is 9.  Current quarterly EPS and sales are strong.   9.25 so far.

GROUP: currently ranked 85 (-.75) takes us down to 8.5

OWNERSHIP: fund ownership has risen the past 3 quarters.  Mgt holds 1% of shares and there are 3 top funds in ATVI. 

OVERALL: 8.5

 

16 8.35

FAF

FAF Weekly 5:4:13

First American Finl Corp 07-26-2013

BASE/CHART: FAF broke out of a 2nd stage cup w/ handle that is 7wks long, 12% deep, and has a 6% handle.  The pivot is at $25.11 The base has formed along the 10wk line and it appears to have bounced off that level last week.  The RS line is presently lagging which is of concern and was actually strong pre-breakout (-.1).  The RS rating is 85.  9.9 so far.

EARNINGS: annual earnings are estimated to drop 22% this year (-.25) the EPS growth rate is strong at 71% but the earnings stability rating is 99 and the ROE is 14% (-.3)  Quarterly EPS and Sales are below the 25% I look for (-.5).  8.85 so far

GROUP: currently ranked 62 (-.5) brings us to 8.35

OWNERSHIP: fund ownership has risen for the last 4 quarters.  There is 1 top fund in FAF and mgt holds 5% of shares. 

OVERALL: 8.35

 

17 8.3

NSR

NSR Weekly 5:4:13

Neustar Inc 07-26-2013

BASE/CHART: NSR is presently working on a 1st stage flat base that is $12wks long, 11% deep, and has a $47.24 pivot.  There are 7wks down and 5wks up (-.25).  The down weeks have come on significantly higher vol that the up weeks and the highest vol in the base shows signs of distribution (-.1).  The RS line is lagging and the RS rating is 70 (-.1 due to both). 9.55 so far.

EARNINGS: annual earnings are estimated to rise 11% this year (-.25) the EPS growth rate is 20% (-.25) the ROE is 36% and the earnings stability rating is strong at 10.  Quarterly EPS is strong but quarterly sales are week (-.25) 8.8 so far.

GROUP: currently ranked 78 (-.5) takes us down to 8.3

OWNERSHIP: fund ownership rose last quarter.  Mgt holds 2% of outstanding shares, and there is 1 top fund in NSR. 

OVERALL: 8.3

 

18 8.3

GNRC

GNRC Weekly 5:4:13

Generac Hldgs Inc 08-02-2013

BASE/CHART: GNRC is working on a 3rd stage (-.25) cup shaped base that is 12wks long, 22% deep, and has a $41.40 pivot.  10 of the 12 weeks are below the 10wk line (-.5) There are an equal # of up vs/ down wks. The RS line turned up this week and the RS rating is 93.  9.25 so far.

EARNINGS: annual earnings are esimtated to rise 6% this year (-.25) the EPS growth rate is strong at 91%, the ROE is strong at 36%, but the earnings stability rating is poor at 64 (-.2).  Quarterly EPS ans sales are both strong.  8.8 so far.

GROUP: currently ranked 80 (-.5) takes us down to 8.3

OWNERSHIP: fund ownership has risen the past 2 quarters.  Mgt holds 5% of shares and there are 2 top funds in GNRC.

OVERALL: 8.3

 

19 8.25

UTHR

UTHR Weekly 5:4:13

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.  There are 4wks down vs 1 wk up in the base(-.25)  The RS line is near a 52wk high and the RS rating is strong at 89. 9.75 so far.

EARNINGS: annual earnings are estimated to rise 9% 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 4

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

 

20 8.05

SSYS

SSYS Weekly 05:04:13

Stratasys Ltd 05-13-2013

BASE/CHART: SSYS is presently working on a 4th stage (-.5) cup that is 15wks long, 35% deep, and has a $92.30 pivot.  There are 9wks down vs 6wks up (-.25).  Vol is very heavyt the downside on the left side of the base. SSYS received support along the 40wk line. I’d personally would look for very strong vol on a b/o & would like to see a handle form.  The RS line is starting to rise & the RS rating is 86. 9.25 so far.

EARNINGS: annual earnings are estimated to rise 34% this year.  The EPS growth rate is 18% (-.15) the earnings stability is 42 (-.2) & the ROE is only 4% (-.1) Quarterly EPS & sales are strong.  8.8 so far.

GROUP: currently ranked 81 (-.75) takes us down to 8.05

OWNERSHIP: fund ownership has risen the past 5 quarters.  Mgt holds 4% of shares and there are 4 top funds in SSYS.

OVERALL: 8.05

21 8.05

QIHU

QIHU Weekly 5:4:13

Qihoo 360 Technology Ads 05-23-2013

BASE/CHART: QIHU is presently working on a 2nd stage cup that is 8wks long, 20% deep, and has a $34.90 pivot. There are 6wks up and 2wks down. There is a strong shakeout below the 10wk line on the left side of the base. 5 of 8 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 esimtated 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 96 (-.75) takes us to 8.05

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

OVERALL: 8.05

 

22 8

AMBA

 AMBA Weekly 05-05-13

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 esimtated 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 73 (-.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

 

23 7.4

MA

MA Weekly 05-05-13

Mastercard Inc Cl A 08-01-2013

BASE/CHART: MA formed & broke out of a 3rd stage (-.25) flat base that was 8wks long, 5% deep, and had a $535.35 pivot.  There were 5wks down & 3wks up in the base (-.25) MA seemed to get support along the 10wk line.  It broke out this week on high vol.  The RS line is turning up and the RS rating is 74 (-.1) 9.4 so far

EARNINGS: annual earings are estimated to rise 15% this year (-.25) The EPS growth rate is 28%, the ROE is 43%, and the earnings stability rating is 3, all very strong.  Quarterly EPS and sales are both below the 25% I look for (-.5) 8.65 so far

GROUP: currently ranked 97 (-.75) takes us down to 7.9

OWNERSHIP: fund ownership has risen the past 2 quarters.  There are 8 top funds in MA but mgt holds 0% of shares (-.5)

OVERALL: 7.4

 

   

LNKD

LNKD Weekly 5:4:13

Linkedin Corp Class A 08-02-2013 Pullback to the 10wk line.  Extreme caution warranted!  Pull back came on multiple sell rules:
1. Closed week on lows, below the 10wk line, on highest volume since breakout (including breakout week)
2. Daily chart shows larges % price drop since the run began 17wks ago on highest volume since the breakout
3. High volume close below the 50dma and closed at the lows of the day.
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 YNDX Yandex N V Class A 07-29-2013 Removed from Ready List due to RS rating below 70
n/a n/a INGR Ingredion Inc 07-31-2013 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 MYL Mylan Inc 07-26-2013 Removed from Ready List due to Industry Group Rank below 125
n/a n/a PCLN Priceline.com Inc 05-09-2013 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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