Ready List Outside the “Top 10″ as of 01/19/2014

Written by MichaelGLamothe on . Posted in Ready List

Every week I go through my Universe List to look for stocks that are either setting up in primary base patterns OR offering secondary entry points (such as 3 weeks tight patterns, pull backs to the 10 week line, etc…).  All those setting up in primary bases get put through the Stock Evaluation Guide I developed. 

In addition to looking at this as a “shopping list” I also use it to tell me about the current state of the market and which sectors are offering the most merchandise.  This is highlighted on the chart at the bottom of this post.  Presently the Finance, Software, Retail and Medical sectors are offering the most merchandise setting up.  While these sectors may not necessarily be leading presently, knowing which ones have the most setups hints at which ones may be the future leaders.  

Finally, I also like to see the rating of the overall list (including those in the top 10) as well as the overall rating of those outside the top 10.  This week, the overall average rating for everything is 8.6 and the overall rating for the list below is 8.28.  Most of the time, anything above roughly an 8.25 has been an indication of a fairly strong list.

Click the hyperlinks of the symbols below to see weekly/daily charts, fundamentals (earnings, sales, ratios, etc…), as well as the various flaws I’ve discovered with each based my Stock Evaluation Guide.  All “ratings” are based on the flaws or lack thereof from my Stock Evaluation Guide.

Rank Rating Symbol Name Sector EPS Due Date Notes
11 8.95 LOPE Grand Canyon Education CONSUMER 02-20-2014 3rd stage cup
12 8.85 WDR Waddell & Reed Finl Cl A FINANCE 02-04-2014 3rd stage flat base
13 8.65 BOFI B O F I Holding Inc S&Ls 02-06-2014 1st stage flat base
14 8.65 PCP Precision Castparts Corp AEROSPACE 01-23-2014 2nd stage flat base
15 8.55 MDSO Medidata Solutions Inc SOFTWARE 02-06-2014 5th stage cup with handle
16 8.55 ACIW A C I Worldwide Inc SOFTWARE 02-24-2014 2nd stage flat base
17 8.5 ECPG Encore Capital Group Inc FINANCE 02-13-2014 1st stage cup with handle
18 8.45 EPAM Epam Systems Inc BUSINS SVC 02-20-2014 2nd stage cup
19 8.45 HTH Hilltop Hldgs Inc BANKS 03-15-2014 2nd stage flat base
20 8.35 ADVS Advent Software Inc SOFTWARE 02-04-2014 2nd stage flat base
21 8.35 BIIB Biogen Idec Inc MEDICAL 01-29-2014 3rd stage flat base
22 8.35 SONC Sonic Corp RETAIL 03-25-2014 2nd stage flat base
23 8.15 RGR Sturm Ruger & Co Inc BUSINS SVC 02-27-2014 5th stage cup with handle
24 8.15 BWLD Buffalo Wild Wings Inc RETAIL 02-04-2014 3rd stage flat base
25 8.15 CMG Chipotle Mexican Grill RETAIL 01-30-2014 2nd stage flat base
26 8.1 CBOE C B O E Holdings Inc FINANCE 02-07-2014 2nd stage flat base
27 8.05 INVN Invensense Inc CHIPS 01-20-2014 2nd stage cup with handle
28 8.05 GWRE Guidewire Software Inc SOFTWARE 02-24-2014 2nd stage double bottom
29 8.05 PKG Packaging Cp Of America MISC 02-11-2014 3rd stage flat base
30 8 TRIP TripAdvisor Inc LEISURE 02-11-2014 4th stage flat base
31 7.8 OPEN Opentable Inc COMPUTER 02-06-2014 3rd stage flat base
32 7.7 APO Apollo Global Management FINANCE 02-08-2014 3rd stage cup
33 7.5 GMCR Green Mtn Coffee Roastrs RETAIL 02-06-2014 1st stage cup with handle
    UTHR United Therapeutics Corp MEDICAL 02-26-2014 3 weeks tight
    CFX Colfax Corp MACHINE 02-06-2014 3 weeks tight
    WLK Westlake Chemical Corp CHEMICAL 02-20-2014 3 weeks tight
    WAB Wabtec TRANSPRT 02-19-2014 4 weeks tight
    PNR Pentair Ltd MACHINE 01-28-2014 4 weeks tight
    CBI Chicago Bridge & Iron Co BUILDING 02-27-2014 4 weeks tight
    AMG Affiliated Managers Grp FINANCE 01-29-2014 4 weeks tight
    REGN Regeneron Pharmaceutical MEDICAL 02-10-2014 Break above 10 wk line
    RHT Red Hat Inc SOFTWARE 03-27-2014 Gap up
    STZ Constellation Brands A ALCOHL/TOB 04-10-2014 Gap up/short stroke
    THRM Gentherm Inc AUTO 03-06-2014 Pull back & shake out below 10wk line
    BIDU Baidu Inc Ads INTERNET 02-04-2014 Pull back to the 10wk line
    FNGN Financial Engines Inc FINANCE 02-17-2014 Pull back to the 10wk line
    AAPL Apple Inc COMPUTER 01-27-2014 Removed from Ready List due to RS rating below 70
    AL Air Lease Corp Cl A FINANCE 02-27-2014 Removed from Ready List due to RS rating below 70
    CERN Cerner Corp SOFTWARE 02-04-2014 Removed from Ready List due to RS rating below 70
    DNKN Dunkin’ Brands Group Inc RETAIL 02-06-2014 Removed from Ready List due to RS rating below 70
    BLK Blackrock Inc FINANCE 04-16-2014 Removed from Ready List due to RS rating below 70
    IVZ Invesco Ltd FINANCE 01-31-2014 Removed from Ready List due to RS rating below 70
    ASGN On Assignment Inc BUSINS SVC 02-14-2014 Removed from Ready List due to A/D rating below C
    MYL Mylan Inc MEDICAL 02-27-2014 Removed from Ready List due to A/D rating below C
    HTGC Hercules Tech Growth Cap FINANCE 02-28-2014 Removed from Ready List due to A/D rating below C
    MSI Motorola Solutions Inc TELECOM 01-22-2014 Removed from Ready List due to A/D rating below C
    CRZO Carrizo Oil & Gas Inc ENERGY 02-24-2014 Removed from Ready List due to Industry Group Rank below 125
    CLB Core Laboratories Nv ENERGY 01-29-2014 Removed from Ready List due to Industry Group Rank below 125
    LZB La-Z-Boy Inc RETAIL 02-19-2014 Removed from Ready List due to Industry Group Rank below 125

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.  What I do recommend is that you review the guide and come up with your own criteria.  The process of evaluating stocks on an apples to apples basis consistently is what has helped me the most during this exercise.  

All EPS Due Dates are derived from the MarketSmith database and should be confirmed on the individual company’s website.

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Ready List Sectors 01-19-14

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MichaelGLamothe

Founder of ChartYourTrade.com

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