Wednesday, August 27, 2008

Screening: 52-week Highs for HGR & MITI

From 8/24

Slope of the line (Rise in one month) for 52-week high-fliers:
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LSR: 1.8 out of 35 [5.15 %] { Max: 2.0 out of 35 = 5.71% }
HGR: 1.2 out of 18 [6.66 %] { Max: 1.6 out of 18 = 8.9% }
HNZ: 1.4 out of 52 [2.69 %]
TMO: 1.4 out of 61 [2.30 %]
AMGN: 3.5 out of 64 [5.47 %] { Max: 3.5 out of 64 = 5.47% }



HGR - 17.75
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Recent 52-week high. Support at 16.6, 15.2, Resistance: 18.4, avg volume: 300K; market cap: 400M, P/E: 26.57
Announcements/Headlines: Beat earnings estimate 4 quaters in a row, next announce: October
Clear uptrend for the last three months, 50-day EMA significantly higher than 200-day EMA and leading.
2-yr weekly chart:
Advancing volume is clearly higher than declining volume. Long uptrends with small corrections.
Weekly MACD leading.
1-yr daily chart: Advancing volume higher than declining; MACD lagging; 50-day EMA significantly leads 50-day.
3-mo candle daily chart: Lots of testing of lower bound; support seems to prevail.
5-day chart: Has gone lower all week, but stabilized by EOW.

====> Pick it up above 18.2; dump below 16.5; pyramid-in and stop-out; max line ~500


First-pass Screening
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HGR, LSR, AMGN, VRX, MITI, NWY

Second-pass Screening
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Comparing returns for 1-yr [MITI, LSR, HGR, NWY], then 3-mo [MITI, AMGN, NWY, HGR], 1-mo [MITI, AMGN, NWY, VRX]

Buy orders set for MITI (7.5), HGR (18.2) and AMGN (66.2).

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