Ready List Stocks not in the “Top 10″ as of 07/07/2013

Written by MichaelGLamothe on . Posted in Ready List

This week’s ready list netted the largest amount of stocks setting up in bases, near a pivot, or near a secondary buy point that I’ve seen in a very long time.  On top of that, there are a large number of stocks that didn’t make the “Top 10″ by virtue of there simply being too many strong stocks setting up.  This is certainly a good problem to have (too many good setups) but we never want to jump the gun by other buying early or buying too much too fast.  I feel as though portfolio management rules will be essential this week as it’s never wise to dive back into the market with both feet. We must always make the market progressively prove itself to us and enter deeper as our initial positions are working.

At the bottom of this page, I’ve also included a breakdown of ALL of the sectors of the stocks (including the ones automatically cut that are in gray) making my full ready list (all stocks below plus those in this week’s “Top 10“).

Rank Rating Symbol Name Sector EPS Due Date Notes
11 9.3

KORS

KORS Weekly 07-07-13

Michael Kors Hldgs Ltd APPAREL 08-14-2013

BASE/CHART: KORS has formed and broken out of a 1st stage cup w/ handle that is 14wks long, 21% deep, and has an 8% handle. This breakout failed & KORS has yet to recover the $63.03 pivot. There are 7wks up vs 7 down in the base and 7wks above and 7 below the 10wk line.  KORS formed a 3wks tight in the handle.  The RS line has been flat for the past 9 months and the RS rating is 80  10 so far.

EARNINGS: annual earnings are estimated to rise 30% next year.  The EPS growth rate is 71%, the ROE is 53% and the earnings stability is 67 (-.2).  Quarterly EPS and sales are outstanding, well above the 25% min I like to see.  9.8 so far

GROUP: currently ranked 66 (-.5) takes us down to 9.3

OWNERSHIP: fund ownership has steadily risen since inception.  Mgt holds 9% of shares and there are 8 top funds in KORS.

OVERALL: 9.3

 

12 9.2

LNKD

LNKD Weekly 07-07-13

Linkedin Corp Class A INTERNET 08-02-2013

BASE/CHART: LNKD appears to be working on a 2nd stage cup shaped base that is 10wks long, 21% deep and has a $202.91 pivot.  There are 5wks up & 5wks down so far.  The majority of the base 6 of 10wks are below the 10wk line (-.5).  The RS line, however, appears to be moving into new high ground & the RS rating is strong at 92.  9.5 so far.

EARNINGS: annual earnings are estimated to rise 64% this year.  The EPS growth rate is outstanding at 185%.  The Earnings stability rating is weak at 58 (-.2) and the ROE is a little low at 13% (-.1)  Quarterly EPS and Sales are very strong.  9.2 so far.

GROUP: currently ranked 13.

OWNERSHIP: fund ownership has risen in each of the last 7 quarters.  Mgt holds 1% of shares & there are 7 top funds in LNKD.

OVERALL: 9.2

 

13 9.2

N

 N Weekly 07-07-13

Netsuite Inc SOFTWARE 07-26-2013

BASE/CHART: N is presently working on a 2nd stage cup shaped base that is 7wks long, 14% deep and has a $95.76 pivot.  There are 4wks up and 3wks down in the base.  There is a 3wks tight on the left side of the base.  The RS line is in new high ground & the RS rating is 91.  10 so far.

EARNINGS: annual earnings are estimated to rise 4% this year (-.25)  The EPS growth rate is 84%.  The earnings stability rating is weak at 46 (-.2) and the ROE is low at 13% (-.1).  Quarterly sales are strong but Quarterly EPS declined in the most recent quarter (-.25)  9.2 so far.

GROUP: currently ranked 30.

OWNERSHIP: fund ownership has risen the past 7 quarters.  Mgt holds 7% of funds and there are 6 top funds in N.

OVERALL: 9.2

 

14 9.15

AWAY

 AWAY Weekly 07-07-13

Homeaway Inc LEISURE 07-22-2013

BASE/CHART: AWAY is presently working on a 2nd stage cup w/ handle that is 12 wks long, 18% deep, has a 6% handle and a $32.95 pivot.  There are 6 wks down and 6wks up.  9 of the 12 weeks, however, are below the 10wk line (-.5)  There is tightness in the middle of the base and most weeks showed signs of support.  Volume is rising on the rt side of the base.  The RS line is down presently but can turn around in a hurry.  The RS rating of 79 needs to improve prior to breakout. 9.5 so far.

EARNINGS: annual earnings are estimated to rise 27% this year.  The EPS growth rate is 116% but the ROE is low at 8% (-.15) and the earnings stability is poor at 66 (-.2).  Both quarterly earnings and quarterly sales are strong.  9.15 so far.

GROUP: currently ranked 26

OWNERSHIP: Fund ownership has risen the past 4 quarters.  There are 4 top funds in AWAY & mgt holds 20% of shares.

OVERALL: 9.15

 

15 9.1

SMTC

 SMTC Weekly 07-07-13

Semtech Corporation CHIPS 08-22-2013

BASE/CHART: SMTC is presently working on a base on base pattern where the 2nd base is a 1st stage flat base that is 5wks long, 12% deep, and has a $37.45 pivot.  There are 4wks down and only 1 up in the base (-.25) but SMTC has shown signs of support in the base & has held close to the 10wk line.  The RS line is moving up and the RS rating is 77.  9.75 so far.

EARNINGS: annual earnings are estimated to rise 27% this year.  The EPS growth rate is 20% (-.15) the earnings stability rating is 22, and the ROE is 17%.  Quarterly EPS and sales are strong and quarterly EPS is accelerating the past several quarters (+.25)  9.85 so far.

GROUP: currently ranked 81 (-.75) takes us down to 9.1

OWNERSHIP: fund ownership has risen the past 7 quarters.  Mgt holds 3% of shares and there are 5 top funds in SMTC.

OVERALL: 9.1

 

16 9

UTHR

 UTHR Weekly 07-07-13

United Therapeutics Corp MEDICAL 07-29-2013

BASE/CHART: UTHR is presently working on a 1st stage flat base that is 7wks long, 12% deep, and has a $69.65 pivot.  There are 4wks up & 3wks down in the base.  There is tightness on the left side of the base & a strong recovery of the 10wk line on the rt side of the base. The RS line is trending higher.  I’d like to see the RS rating of 76 crack 80 prior to breaking out.  10 so far.

EARNINGS:  annual earnings are estimated to rise 4% this year (-.25) The EPS growth rate of 125% & ROE of 30% are outstanding.  The earnings stability rating could use a little improvement at 34 (-.2).  Quarterly sales are okay but quarterly EPS actually declined in the most recent quarter (-.25)  9.3 so far.

GROUP: currently ranked 9

OWNERSHIP: fund ownership has risen the last 2 quarters but has been inconsistent longer term (-.25)  Mgt holds 8% of shares and there are no top funds in UTHR (-.05).

OVERALL: 9

 

17 9

LOPE

 LOPE Weekly 07-07-13

Grand Canyon Education CONSUMER 08-30-2013

BASE/CHART: LOPE broke out of a 2nd stage flat base that is 5wks long, 10% deep and has a $34.07 pivot.  There are 3wks down a 2 up (-.25) but shows accumulation in the base & support at the 10wk line.  The RS line is hitting new highs & the RS rating is 90.  9.75 so far.

EARNINGS: annual earnings are estimated to rise 15% this year (-.25) The Eps growth rate is 88%, the ROE is 35% but the earnings stability rating is 60 (-.2).  Quarterly EPS & sales are both strong. 9.3 so far.

GROUP: currently ranked 61 (-.25) takes us to 9.05

OWNERSHIP: fund ownership has risen the past 5 quarters.  Mgt holds 10% of shares but there are no top funds in LOPE (-.05)

OVERALL: 9

 

18 9

ICON

 ICON Weekly 07-07-13

Iconix Brand Group Inc APPAREL 07-25-2013

BASE/CHART: ICON is presently working on a 2nd stage flat base that is 6wks long, 11% deep, and has a $31.22 pivot.  There are 3wks down and 3wks up in the base.  There is a 3wks tight on the left side of the base and ICON has received support along the 10wk line thus far.  The RS line is moving into new high ground and the RS rating is 92.  10 so far.

EARNINGS: annual earnings are estimated to rise 26% this year.  The EPS growth rate is 14% (-.15), the earnings stability rating is 5, and the ROE is 10% (-.1) Quarterly EPS and Sales are strong.  9.75 so far.

GROUP: currently ranked 66 (-.5) takes us down to 9.25

OWNERSHIP: fund ownership has risen the past 2 quarters but has been inconsistent the past 2 years (-.25).  Mgt holds 6% of shares and there is 1 top fund in ICON.

OVERALL: 9 

 

19 9

ACT

 ACT Weekly 07-07-13

Actavis Inc MEDICAL 07-25-2013

BASE/CHART: ACT is presently working on a 3rd stage (-.25) flat base that is 6wks long, 11% deep, and has a $133 pivot.  There are 2wks down and 4wks up.  ACT has held the 10wk line through the base.  The RS line is near new high ground and the RS rating is 92.  9.75 so far.

EARNINGS: annual earnings are estimated to rise 39% this year.  The EPS growth rate is 31%, the earnings stability rating is 7, and the ROE is 21%, all strong.  Quarterly Sales are strong but quarter EPS though recovering is slightly below the 25% I like to see (-.25)  9.5 so far

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

OWNERSHIP: fund ownership rose in the most recent quarter.  Mgt holds 1% of shares and there is 1 top fund in ACT.h

OVERALL: 9

 

20 9

COG

 COG Weekly 07-07-13

Cabot Oil & Gas Corp ENERGY 07-24-2013

BASE/CHART: COG has formed a base on base pattern w/ the 2nd base being a 3rd stage (-.25) flat base that is 6wks long, 12% deep, and has a $74.23 pivot.  There are 3wks down and 3wks up in the base.  The RS line is rising and the RS rating is 90.  9.75 so far.

EARNINGS: annual earnings are estimated to rise 129% this year.  The EPS growth rate is -12% (-.15) the earnings stability rating is 20, and the ROE is 7% (-.1).  Quarterly EPS and sales are strong and quarterly EPS is accelerating (+.25) 9.75 so far

GROUP: currently ranked 98 (-.75) takes us down to 9.

OWNERSHIP: fund ownership has risen the past 5 quarters.  There are 4 top funds in COG and mgt holds 2% of shares.

OVERALL: 9

 

21 8.85

FLO

 FLO Weekly 07-07-13

Flowers Foods Inc FOOD/BEV 08-14-2013

BASE/CHART: FLO is presently working on a 2nd stage flat base that is 7wks long, 12% deep, and has a $24.17 pivot.  There are 4wks up and 3wks down in the base.  FLO has found support near the 10wk line throughout the base.  The RS line is rising & the RS rating is 87.  10 so far.

EARNINGS: annual earnings are estimated to rise 48% this year.  The EPS growth rate is only 6% (-.15) the Earnings stability rating is strong at 7 and the ROE is strong at 17%.  Quarterly EPS and sales are both strong as well.  9.85 so far.

GROUP: currently ranked 79 (-.5) takes us down to 9.35

OWNERSHIP: fund ownership declined in the most recent quarter (-.5).  Mgt holds 7% of shares and there is 1 top fund in FLO.

OVERALL: 8.85

 

22 8.6

SN

 SN Weekly 07-07-13

Sanchez Energy Corp ENERGY 08-09-2013

BASE/CHART: SN broke out of a 1st stage cup with handle that is 57wks long, 35% deep, and has a 6% handle.  There are 28wks down and 29wks up.  There are, however, 29wks below the 10wk line vs 28 above (-.5) The RS line is rising and the RS rating is 81.  9.5 so far.

EARNINGS: annual earnings are estimated to rise 522% this year.  The EPS growth rate and earnings stability are n/a.  The ROE is 3% (-.1)  Quarterly EPS and sales are very strong.  9.4 so far.

GROUP: currently ranked 98 (-.75) takes us down to 8.65

OWNERSHIP: fund ownership has risen the past 3 quarters.  Mgt holds 18% of shares and there are no top funds in SN (-.05)

OVERALL: 8.6

 

23 8.55

ICLR

 ICLR Weekly 07-07-13

ICON plc MEDICAL 07-24-2013

BASE/CHART: ICLR formed what pattern rec picked up as a 2nd stage cup w/ hand that is 6wks long (-.5), 14% deep, and has a 6% handle.  Cups should be U shaped and this one clearly isn’t (-.5).  However, 5 of the 6 wks are up wks and the RS line is moving into new high ground.  The RS rating is strong at 87.  9 so far.

EARNINGS: annual earnings are estimated to rise 56% this year.  The EPS growth rate, earnings stability rate, and ROE are all poor (-.45).  Quarterly EPS and sales, however, are quite strong in recent quarters.  8.55 so far.

GROUP: currently ranked 14

OWNERSHIP: fund ownership has risen the past 4 quarters.  Mgt holds 5% of shares, and there is 1 top fund in ICLR.

OVERALL: 8.55

 

24 8.55

GWRE

 GWRE Weekly 07-07-13

Guidewire Software Inc SOFTWARE 09-04-2013

BASE/CHART: GWRE just broke out of a 2nd stage flat base that is 7wks long, 15% deep, and has a $43.73 pivot.  There are 3wks down and 4wks up in the base.  It received support at the 10wk line throughout the base.  The RS line is making new highs and the RS rating is 90.  10 so far.

EARNINGS: annual earning are estimated to rise 0% this year (-.25) The EPS growth rate is strong at 40%, the ROS is strong at 27%, but the earnings stability rating is poor at 67 (-.2).  Quarterly Sales are OK but quarterly EPS was negative in the most recent quarter (-.5) 9.05 so far.

GROUP: currently ranked 64 (-.5) takes us down to 8.55

OWNERSHIP: fund ownership has risen the past 5 quarters.  Mgt holds 28% of shares and there are 4 top funds in GWRE.

OVERALL: 8.55

 

25 8.5

MYL

 MYL Weekly 07-07-13

Mylan Inc MEDICAL 07-26-2013

BASE/CHART: MYL is presently working on a base on base pattern where the 1st base was a cup & the 2nd is a flat base.  In these patterns, the 2nd base is the one that gets analyzed.  The flat base is 6wks long, 9% deep, and has a $32.26 pivot.  There are 3wks down and 3wks up in the base.  There is tightness on the right side of the base and MYL has held the 10wk line throughout.  The RS line is flat that the RS rating is 74. This needs to improve prior to breakout.  10 so far.

EARNINGS: annual earnings are estimated to rise 11% this year (-.25) The EPS growth rate is 30%, the earnings stability rating is 12, and the ROE is 32%, all strong.  Quarterly EPS and Sales, however, are below the 25% that I like to see and have declined in recent quarters (-.75) take use down to 9.

GROUP: currently ranked 69 (-.5) takes us down to 8.5

OWNERSHIP: fund ownership has risen the past 7 quarters.  Mgt holds 1% of shares and there are 2 top funds in MYL. 

OVERALL: 8.5

 

26 8.45

ASGN

 ASGN Weekly 07-07-13

On Assignment Inc BUSINS SVC 07-24-2013

BASE/CHART: ASGN is presently working on a 3rd stage (-.25) flat base that is 5wks long, 10% deep, and has a $27.63 pivot.  There are 2wks down and 3wks up in the base.  There is a 3wks tight in the base and it has held the 10wk line throughout.  The RS line is hitting new highs and the RS rating is 87.  9.75 so far.

EARNINGS: annual earnings are estimated to declined 4% this year (-.25) The EPS growth rate is 28%, the earnings stability rating is very poor at 98 (-.2) and the ROE is 14% (-.1) Quarterly EPS and Sales are both very strong.  9.2 so far.

GROUP: currently ranked 94 (-.75) takes us down to 8.45

OWNERSHIP: fund ownership has risen the past 4 quarters.  There are 3 top funds in ASGN and mgt holds 15% of shares.

OVERALL: 8.45

 

27 8.15

PII

PII Weekly 07-07-13 

Polaris Industries Inc LEISURE 07-23-2013

BASE/CHART: PII has formed a 2nd stage flat base that is 16wks long, 12% deep, and has a $93.89 pivot.  There are 7wks down and 9 up.  There are 8wks above and below the 10wk line.  The rt side of the base shows strong accumulation and support along the 40wk line.  The RS line is turning up but the RS rating is only 70 (-.1) 9.9 so far.

EARNINGS: annual earnings are estimated to rise 19% this year (-.25) The EPS growth rate is 26%, the earnings stability rating is 15, and the ROE is 52%, all strong.  Quarterly EPS is strong but has decelerated the past several quarters (-.25).  Quarterly sales are below 25% and are decelerating as well (-.5).  8.9 so far.

GROUP: currently ranked 88 (-.75) takes us down to 8.15

OWNERSHIP: fund ownership has risen the past 3 quarters.  There are two top funds in PII and mgt holds 3% of shares. 

OVERALL: 8.15

 

28 8.1

CVLT

CVLT Weekly 07-07-13

Commvault Systems Inc SOFTWARE 07-29-2013

BASE/CHART: CVLT is working on a base next to a base. These typically have less of a chance of working than a base on base but I’ll review it anyhow.  This new base is a 1st stage cup w/ handle that is 9wks long, 25% deep, & has a 7% handle.  There are 4wks down & 5wks up in the base.  There are 5wks below & 4wks above the 10wk line (-.5) There is support at the 40wk line.  The RS line appears to be turning up & the RS rating is 84.  9.5 so far.

EARNINGS: annual earnings are estimated to rise 11% this year (-.25) The EPS growth rate is 21% (-.15) the Earnings stability rating is 10, and the ROE is 25%.  Quarterly EPS and sales are both strong.  9.1 so far.

GROUP: currently ranked 76 (-.5) takes us down to 8.6

OWNERSHIP: fund ownership declined in the most recent quarter (-.5).  Mgt holds 12% of shares and there are 6 top funds in CVLT.

OVERALL: 8.1

 

29 7.95

NTES

 NTES Weekly 07-07-13

Netease Inc Adr SOFTWARE 08-16-2013

BASE/CHART: NTES is working on a 2nd stage cup w/ handle that is 56wks long, 44% deep (-.5) and has a 16% handle (-.5) There are 28wks up & 28wks down so far.  There are 22wks below the 10wk line and 34 above.  Many weeks appear to be wide and loose in the base but that seems to be the character of the stock  The RS line is on the rise & the RS rating is 78 (needs to improve prior to breakout).  9 so far.

EARNINGS: annual earnings are estimated to rise 20% this year (-.25) The EPS growth rate is 32%, the earnings stability rating is 6, and the ROE is 25%, all good.  Quarterly EPS and Sales, however, are well below the 25% I like to see (-.5)  8.25 so far.

GROUP: currently ranked 20

OWNERSHIP: fund ownership rose last quarter but is way down from it’s peak of 291 last June. (-.25)  Mgt holds 45% of shares and there are no top funds in NTES (-.05) 

OVERALL: 7.95

 

   

DORM 

DORM Weekly 07-07-13

Dorman Products Inc AUTO 07-29-2013 4 weeks tight plus pull back to the 10 week line
   

SODA

SODA Weekly 07-07-13 

Sodastream Intl Ltd CONSUMER 08-08-2013 Pull back to the 10 week line.
   

SNTS

 SNTS Weekly 07-07-13

Santarus Inc MEDICAL 08-07-2013 Pull back to the 10 week line.
   

GMCR

GMCR Weekly 07-07-13 

Green Mtn Coffee Roastrs RETAIL 07-29-2013 Pull back to the 10 week line.
    TNGO Tangoe Inc SOFTWARE 08-08-2013 Removed from Ready List due to RS rating below 70
    FLT Fleetcor Technologies FINANCE 08-05-2013 Removed from Ready List due to A/D rating below C
    GOOG Google Inc INTERNET 07-18-2013 Removed from Ready List due to A/D rating below C
    CELG Celgene Corp MEDICAL 07-25-2013 Removed from Ready List due to A/D rating below C
    CAB Cabelas Inc RETAIL 07-22-2013 Removed from Ready List due to A/D rating below C
    LL Lumber Liquidators Hldgs RETAIL 07-25-2013 Removed from Ready List due to A/D rating below C
    WLK Westlake Chemical Corp CHEMICAL 07-30-2013 Removed from Ready List due to Industry Group Rank below 125
    POL Polyone Corp CHEMICAL 07-31-2013 Removed from Ready List due to Industry Group Rank below 125
    OCN Ocwen Financial Corp FINANCE 07-29-2013 Removed from Ready List due to Industry Group Rank below 125
    HLSS Home Loan Servicing Slt FINANCE 07-08-2013 Removed from Ready List due to Industry Group Rank below 125
    EXR Extra Space Storage Inc REAL EST 07-30-2013 Removed from Ready List due to Industry Group Rank below 125
    GWR Genesee & Wyoming Inc TRANSPRT 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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