Top 10 List as of 08/03/2013

Written by MichaelGLamothe on . Posted in Top 10 List

What jumps out immediately to me from this week’s Top 10 list is that 4 out of 10 stocks are in the Medical sector and those 4 occupy to top 6 spots on this week’s list.  If I do not already have exposure to this sector, I would look to gain exposure here.  

This week’s Top 10 list has an average rating of 9.435 which is lower than last week  9.525 but is still very strong.  Whenever I see this weekend routine process generate a Top 10 with the lowest score being 9 or higher, I know I’m dealing with a fairly strong market.   A score of “10.5″ represents a flawless stocks (held to the measure of my Stock Evaluation Guide) and lower ratings represent stocks with more flaws.  

As always, 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 Sector EPS Due Date Notes
1 10

ACT

ACT Weekly 08-03-13

Actavis Inc MEDICAL 11/1/13

BASE/CHART: ACT broke out of a 3rd stage (-.25) flat base that is 8wks long, 11% deep, and has a $133 pivot.  There are 4wks down and 4wks up.  ACT has held the 10wk line through the base.  The RS line is trending higher and the RS rating is 91.  9.75 so far.

EARNINGS: annual earnings are estimated to rise 39% this year.  The EPS growth rate is 31%, the earings stability rating is 7, and the ROE is 21%, all strong.  Quarterly EPS and Sales are both strong and have accelerated the past several quarters (+.5)  10.25 so far. 

GROUP: currently ranked 53 (-.25) takes us down to 10.

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

OVERALL: 10

 

2 9.75

OAS

OAS Weekly 08-03-13

Oasis Petroleum Inc ENERGY 8/6/13

BASE/CHART: OAS broke out of a 1st stage flat base that is 6wks long, 14% deep, and has a $42.89 pivot.  There are 4wks up and 2wks down in the base.  It has held the 10wk line through out.  The RS line is rising and the RS rating is 85.  10 so far.

EARNINGS: annual earnings are estimated to rise 38% this year.  The EPS growth rate is n/a and so is the earnings stability rating, but the ROE is 26% which is strong.  Quarterly EPS and sales are also very strong.  Still 10.

GROUP: currently ranked 60 (-.25) takes us down to 9.75

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

OVERALL: 9.75

 

3 9.6

BIIB

BIIB Weekly 08-03-13

Biogen Idec Inc MEDICAL 10/25/13

BASE/CHART: BIIB is presently working on a 2nd stage cup w/ handle that is 9wks long, 20% deep, has a 9% handle and a $234.74 pivot.  There are 4wks down & 5wks up in the base.  There are also 5wks above & 3wks below the 10wk line.  There is some heavy selling on the left side of the base which is concerning.  Additionally, the base appears V shaped whereas it should appear more U shaped although this seems to have worked itself out in the handle.  The RS line is trending higher overall & the RS rating is 84.  10 so far.

EARNINGS: annual earnings are estimated to rise 31% this year.  The EPS growth rate is 18% (-.15) the earnings stability rating is 4 and the ROE is 23%. Quarterly EPS is strong and quarterly sales are accelerating (+.25) 10.1 so far.

GROUP: currently ranked 4

OWNERSHIP: fund ownership has risen the past 5 quarters.Mgt holds 0% of shares (-.5) and there are 6 top funds in BIIB. 

OVERALL: 9.6

 

4 9.5

VRX

VRX Weekly 08-03-13

Valeant Pharmaceuticals MEDICAL 8/2/13

BASE/CHART: VRX broke out of a 2nd stage cup w/ handle that is 8wks long, 15% deep, and has a 5% handle.  The pivot is $94.22.  There are 3wks down & 5 up.  VRX has held above the 10wk line throughout the base.  The RS line is in new high ground & the RS rating is 93.  10 so far.

EARNINGS: annual earings are esimtted to rise 31% this year.  The EPS growth rate is 28%, the earnings stability rating is 17, and the ROE is 37%, all strong.  Quarterly EPS and sales, however, have slowed over the last several quarters (-.5).  9.5 so far.

GROUP: currently ranked 32.

OWNERSHIP: fund ownership has risen the last 5 quarters. Mgt holds 8% of shares and there are 3 top funds in VRX.

OVERALL: 9.5

 

5 9.5

COG

COG Weekly 08-03-13

Cabot Oil & Gas Corp ENERGY 10/25/13

BASE/CHART: COG has formed a base on base pattern w/ the 2nd base being a 3rd stage (-.25) flat base that is 8wks long, 12% deep, and has a $74.23 pivot.  There are 4wks down and 4wks up in the base.  The RS line is in new high ground and the RS rating is 90.  9.75 so far.

EARNINGS: annual earings are estimated to rise 142% this year.  The EPS growth rate is -9% (-.15) the earnings stability rating is 28, 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 60 (-.25) takes us down to 9.5

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

OVERALL: 9.5

 

6 9.25

ALKS

ALKS Weekly 08-03-13

Alkermes Plc MEDICAL 11/1/13

BASE/CHART: ALKS attempted to breakout out of a 2nd stage cup which is 9wks long, 23% deep, and has a $34.30 pivot.  There are 4wks down & 5wks up as well as 5wks above & 4wks below the 10wk line.  There is symmetry in the base & strong support at the bottom.  The RS line is trending higher & the RS rating is 91.  10 so far.

EARNINGS: annual earnings are estimated to decline 14% this year (-.25) The EPS growth rate, earnings stability, and ROE are all n/a.  Quarterly EPS and sales actually declined in the most recent quarter (-.5)  9.25 so far.

GROUP: currently ranked 4.

OWNERSHIP: fund ownership has risen the past 4 quarters.  There are 5 top funds in ALKS & mgt holds 8% of shares.

OVERALL: 9.25

 

7 9.25

LOPE

LOPE Weekly 08-03-13

Grand Canyon Education CONSUMER 11/1/13

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 close to a new high & the RS rating is 93.  9.75 so far.

EARNINGS: annual earnings are estaimted to rise 14% this year (-.25) The Eps growth rate is 70%, the ROE is 36% but the earnings stability rating is 42 (-.2).  Quarterly EPS & sales are both strong. 9.3 so far.

GROUP: currently ranked 24

OWNERSHIP: fund has risen the last 7 quarters.  Mgt holds 10% of shares but there are no top funds in LOPE (-.05)

OVERALL: 9.25

 

8 9.25

ECPG

ECPG Weekly 08-03-13

Encore Capital Group Inc FINANCE 8/8/13

BASE/CHART: ECPG broke out of a 1st stage cup shaped base that is 6wks long (-.5) for being too short, 15% deep, and has a $38.66 pivot.  There are 3wks up and 3wks down in the base.  It held close to the 10wk line near the bottom of the base.  The RS line is in new high ground and the RS rating is 86.  9.5 so far.

EARNINGS: annual earnings are estimated to rise 14% this year (-.25)  The EPS growth rate is 41%, the earings stability rating is 26, and the ROE is 21%, all strong.  Quarterly EPS and sales are strong as well.  9.25 so far.

GROUP: currently ranked 40.

OWNERSHIP: fund ownership has risen the past 2 quarters. Mgt holds 12% of shares and there is 1 top fund in ECPG.

OVERALL: 9.25 

 

9 9.25

GMCR

GMCR Weekly 08-03-13

Green Mtn Coffee Roastrs RETAIL 8/7/13

BASE/CHART: GMCR is working on a 2nd stage cup shaped base that is 7wks long, 19% deep, and has a $82.95 pivot.  There are 3wks down and 4wks up so far and there are 4wks above the 10wk line.  The RS line is rising and the RS rating is 98.  10 so far.

EARNINGS: annual earnings are estimated to rise 32% this year.  The EPS growth rate is 91%, the ROE is 18% and the earings stability rating is 13.  Quarterly EPS is very strong but quarterly sales have decelerating the past few quarters (-.25) 9.75 so far.

GROUP:  currently ranked 74 (-.5) takes us down to 9.25.

OWNERSHIP: fund ownership has risen the past 4 quarters.  There are 3 top funds in GMCR and mgt holds 8% of shares.

OVERALL: 9.25

 

10 9

SN

SN Weekly 08-03-13

Sanchez Energy Corp ENERGY 8/8/13

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 79 (-.1).  9.4 so far.

EARNINGS: annual earings are estimated to rise 526% this year.  The EPS growth rate and earings stability are n/a.  The ROE is 3% (-.1)  Quarterly EPS and sales are very strong.  9.3 so far.

GROUP: currently ranked 60 (-.25) takes us down to 9.05

OWNERSHIP: fund ownership has risen the past 2 quarters.  Mgt holds 18% of shares and there are no top funds in SN (-.05)

OVERALL: 9

 

As always, 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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