Ready List Stocks not in the “Top 10″ as of 05/11/2013

Written by MichaelGLamothe on . Posted in Ready List

This week, the number of stocks on my “Ready” list expanded from 31 last week to 39 this week.  The overall rating  dropped from 8.84 to 8.69.  Those falling outside the “Top 10″ dropped from 8.35 to 8.2.  This makes sense to me because as the uptrend has gained momentum, more stocks are setting up and getting ready to breakout, including those of lesser quality.  

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 8.9

RPXC

RPXC Weekly 05-11-13

R P X Corporation 07-31-2013

BASE/CHART: right off the bat, (-.05) for trading only 311k shares/day (50day avg). RPXC formed and broke out of a 1st stage flat base that is 5wks long, 11% deep, and has a $14.42 pivot.  All 5wks in the base were down (-.25) but it showed support at the 10wk line and rose off it in very strong vol.  It retested the pivot this past week and closed the week above it.  The RS line is rising and the RS rating is 87. 9.7 so far.

EARNINGS: annual earnings are estimated to rise 9% this year (-.25).  The EPS growth rate is 122%, the earnings stability rating is 47 (-.2) and the ROE is 14% (-.1).  Quarterly EPS and sales are both strong.  9.15 so far.

GROUP: currently ranked 56 (-.25) takes us down to 8.9

OWNERSHIP: fund ownership rose last quarter, Mgt holds 59% of shares, and there is 1 top fund in RPXC.

OVERALL: 8.9

 

12 8.85

GOOG

GOOG Weekly 05-11-13

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 6

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

 

13 8.8

KORS

 KORS Weekly 05-11-13

Michael Kors Hldgs Ltd 05-29-2013

BASE/CHART: KORS is working on a 1st stage cup that is 12wks long, 21% deep, and has a $65.10 pivot.  There are 6wks up and 6wks down and there are 6wks above and 6wks below the 10wk line. KORS continues to receive support at the 40wk line.  The RS line has some work to do and the RS rating 79 should improve prior to break out.  Also notable is the slight character change.  This base is much more orderly than the prior 2.  10 so far.

EARNINGS: annual earnings are estimated to rise 114% this year.  The EPS growth rate is 58% and the ROE is 57%, both very strong.  The earnings stability rating, however, is weak at 73 (-.2) Quarterly EPS and sales are both very strong.  9.8 so far.

GROUP:  currently ranked 111 takes us down to 8.8.

OWNERSHIP: fund ownership has risen the last 5 quarters.  There are 7 top funds in KORS and mgt holds 36% of shares. 

OVERALL: 8.8

 

14 8.75

AMBA

 AMBA Weekly 05-11-13

Ambarella Inc 08-29-2013

BASE/CHART: AMBA is presently working on a 1st stage cup that is 6wks long, 24% deep, and has a $16 pivot. there are 3wks up vs 3wks down and vol has declined on the left side while rising on the rt side (a good sign in a base). The RS rating is 98 and the RS line is turning up.  10 so far.

EARNINGS: annual earnings are estimated to declined 1% next year (-.25) The EPS growth rate is strong at 58% & the ROE is strong at 38%.  The earnings stabilty rate is weak at 72 (-.2)  Quarterly EPS and sales are strong. 9.55 so far.

GROUP: currently ranked 87 (-.75) takes us down to 8.8

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

OVERALL: 8.75

 

15 8.65

NSR

NSR Weekly 05-11-13

Neustar Inc 07-26-2013

BASE/CHART: NSR is presently working on a 1st stage flat base that is 13wks long, 11% deep, and has a $47.24 pivot.  There are 7wks down and 6wks up (-.25).  Vol has started picking up as NSR approaches the pivot.  The RS line is lagging and the RS rating is 71 (-.1 due to both). 9.65 so far.

EARNINGS: annual earnings are estimated to rise 12% 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) 8.9 so far.

GROUP: currently ranked 49 (-.25) takes us down to 8.65

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

OVERALL: 8.65

 

16 8.45

CVI

CVI Weekly 05-11-13

C V R Energy Inc 07-29-2013

BASE/CHART: CVI is presently working on a 3rd stage (-.25) cup that is 9wks long, 28% deep, and has a $62.50 pivot.  6 of the 9 weeks are down (-.25) and 5 of the 9 wks are below the 10wk line (-.5) The weeks near the bottom of the base closed in the top half of their ranges on above avg vol, a sign of support. Vol is increasing on the left side of the base.  9 so far.

EARNINGS: annual earnings are estimated to decline 21% this year (-.25) the EPS growth rate and earnings stability ratings are n/a but the ROE is very strong at 49%.  Quarterly EPS is strong but quarterly sales are below the 25% I look for (-.25)  8.5 so far.

GROUP: currently ranked 35

OWNERSHIP: fund ownership rose the last 2 quarters.  Mgt holds 1% of shares and there are no top funds in CVI (-.05)

OVERALL: 8.45

 

17 8.3

SSYS

SSYS Weekly 05-11-13

Stratasys Ltd 05-13-2013

BASE/CHART: SSYS is presently working on a 4th stage (-.5) cup w/ handle that is 15wks long, 35% deep, and has a 7% handle.  The pivot is $86.97.  There are 10wks down vs 6wks up (-.25).  Vol is very heavy to 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 more of a handle form.  The RS line is starting to rise & the RS rating is 80. 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 69 (-.5) takes us down to 8.3

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

OVERALL: 8.3

 

18 8.25

UTHR

UTHR Weekly 05-11-13

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 funds in UTHR (-.05) & mgt holds 7% of shares.

OVERALL: 8.25

 

19 8.25

ELLI

ELLI Weekly 05-11-13

Ellie Mae Inc 08-01-2013

BASE/CHART: ELLI is presently working on a 1st stage cup with handle that is 19wks long, 39% deep (-.5) and has an 11% handle.  There are 10wks down vs 9 up (-.25).  11 wks are above the 10wk line.  The RS line is beginning to recover and the RS rating is 80.  9.25 so far.

EARNINGS: annual earnings are estimated to rise 0% this year (-.25) The EPS growth rate and earnings stability rating are n/a but the ROE is strong at 23%.  Quarterly EPS and sales are strong as well.  9 so far.

GROUP: currently ranked 88 (-.75) takes us down to 8.25

OWNERSHIP: fund ownership has risen the past 7 quarters.  There are 2 top funds in ELLI and mgt holds 8% of shares.

OVERALL: 8.25

 

20 7.55

DDD

 DDD Weekly 05-11-13

Three D Systems Corp 07-26-2013

BASE/CHART: DDD is presently working on a 4th stage (-.5) cup shaped base that is 15wks long 42% deep (-.5), and has a $48.01 pivot.  There are 8wks down vs 7 up (-.25) & 8 weeks are below the 10wk line (-.5)  The RS line is climbing and the RS rating is 93. 8.25 so far.

EARNINGS: annual earnings are estimated to rise 28% this year.  The EPS growth rate is outstanding at 174%, and the ROE is strong at 18%.  The earnings stability rating is poor at 81 (-.2)  Quarterly EPS and sales are strong.  8.05 so far.

GROUP: currently ranked 69 (-.5) takes us down to 7.55

OWNERSHIP: fund ownership has risen the past 5 quarters.  Mgt holds 10% of shares and there are 2 top funds in DDD.

OVERALL: 7.55

 

21 7.4

OCN

 OCN Weekly 05-11-13

Ocwen Financial Corp 07-29-2013

BASE/CHART: OCN just broke out of a 3rd stage (-.25) cup shaped base that is 8wks long, 19% deep, and has a $42.07 pivot.  There are 4wks up vs 4wks down in the base.  But 7 of the 8 wks were formed below the 10wk line (-.5)  OCN has very strong vol as it rose off the 10wk line but it did come straight off the bottom (-.5) The RS line is strong and the RS rating is 95 8.75 so far

EARNINGS: annual earnings are estimated to rise 240% this year.  The EPS growth rate is strong at 28% but the earnings stability rating is weak at 47 and the ROE is low at 12% (-.3)  Both the quarterly EPS and the quarterly sales are strong.  8.45 so far.

GROUP: currently ranked 120 (-1) takes us down to 7.45

OWNERSHIP: fund ownership has risen the past 7 quarters.  There are no top funds in OCN (-.05) and mgt holds 20% of shares.

OVERALL: 7.4

 

22 7.3

OPEN

OPEN Weekly 05-11-13

Opentable Inc 08-02-2013

BASE/CHART: OPEN is presently forming a 3rd stage (-.25) cup that is 6wks long, 16% deep, and has a $65 pivot.  There are 4wks down and 2wks up so far (-.25) The weeks below the 10wk ling in the base closed in the middle of their ranges, a sign of support.  The RS line is rising and the RS rating is 89.  9.5 so far.

EARNINGS: annual earnings are estimated to rise 14% this year (-.25) The EPS growth rate is 62% and the ROE is 28%, both strong.  The earnings stability rating is poor at 63 (-.2)  Quarterly EPS and sales are below the 25% I look for (-.5) 8.55 so far.

GROUP: currently ranked 99 (-.75) takes us down to 7.8

OWNERSHIP: fund ownership declined in the most recent quarter (-.5) Mgt holds 5% of shares and there are 2 top funds in OPEN.

OVERALL: 7.3

 

23 7.15

MA

MA Weekly 05-11-13 

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 retested and held above the pivot this week.  The RS line is flat and the RS rating is 72 (-.1) 9.4 so far

EARNINGS: annual earnings 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 102 (-1) takes us down to 7.65

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

OVERALL: 7.15

 

   

LNKD

LNKD Weekly 05-11-13

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.
   

TRIP

 TRIP Weekly 05-11-13

TripAdvisor Inc 07-22-2013 pullback to the 10wk line
   

KR

KR Weekly 05-11-13

Kroger Co 06-14-2013 3wks tight
   

VRX

VRX Weekly 05-11-13 

Valeant Pharmaceuticals 08-02-2013 3wks tight
n/a n/a MYL Mylan Inc 07-26-2013 Removed from Ready List due to RS rating below 70
n/a n/a JAZZ Jazz Pharmaceuticals Plc 08-07-2013 Removed from Ready List due to RS rating below 70
n/a n/a PII Polaris Industries Inc 07-24-2013 Removed from Ready List due to RS rating below 70
n/a n/a EVR Evercore Partners Inc 07-26-2013 Removed from Ready List due to A/D rating below C
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 GRFS Grifols Sa Ads 07-31-2013 Removed from Ready List due to A/D rating below C
n/a n/a COG Cabot Oil & Gas Corp 07-24-2013 Removed from Ready List due to Industry Group Rank below 125
n/a n/a OAS Oasis Petroleum Inc 08-06-2013 Removed from Ready List due to Industry Group Rank below 125
n/a n/a PCLN Priceline.com Inc 08-07-2013 Removed from Ready List due to Industry Group Rank below 125
n/a n/a GNRC Generac Hldgs Inc 07-29-2013 Removed from Ready List due to Industry Group Rank below 125
n/a n/a POL Polyone Corp 07-31-2013 Removed from Ready List due to Industry Group Rank below 125
n/a n/a TMH Team Health Hldgs Inc 07-29-2013 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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