Updates for mid-September

RKT:
No upcoming company events. News: No major news.
Weekly picture looks great, rises on higher volume, MACD-leading, 50-day EMA leads 200-day EMA.
Daily chart also good. Candlesticks - some downward pressure on Friday, recovered.
5-day chart: consolidation at 44.
Bought: 42.5; Resistance: 44.5; Support: 42.3; Weekly Last: 44.0
Risk: $175

HGR:
No upcoming company events. News: Buys three pt centers with cash on hand.
Bought: 18.23; Resistance: 19.8; Support: 18.5; Weekly Last: 19.21

GIS:
==> Earnings Announcement: Sep 17
Bought: 68.42; Resistance: 69.2; Support: 68.2; Weekly Last: 69.1

CRMT:
No upcoming company events. No News.
Bought: 22.65; Resistance: 23.2; Support: 21.4; Weekly Last: 21.84

Rock-Tenn Co. Ready to Break out?

HGR - if it goes above 19.2, will break out on the upside; start tiny above 18.2, then start pyramiding in as it goes higher. Thinly traded (350K).

AMGN - positive run may be over; may break out higher if it gets over 66.2. More likely to break out lower.

MITI - run up may be over; break out over 7.7 . Thinly traded (275K).

WMB - no longer taking off, support around 28; alert above 32.4, otherwise it's a falling knife

LSR - too thinly traded (43K).

VRX - interesting above 21.

NWY - interesting above 12.4 .

New additions of 52-week highs: GIS, RKT, CRMT

GIS - poised to break out over 68; Earnings announcement Sep 17 . Bollinger Bands tightening. Went higher at End of the week. Clear uptrend over 6 months, consistently higher than EMA. Pick up over 68.4 .

RKT - breaking out on the upside. Thinly-traded (560K). Pick up over 40.5 .

CRMT - interesting over 22.2. Thinly-traded (292K).

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Chart Links:
52-week highs at BarChart.
New 52-week highs at MSN Money.
MSN Money Power Searches.

AMGN ready for breakout?

HGR - announced it would sell 13.6M additional shares. Price has stabilized lower around 16. Interesting to see where the Friday price will be.

AMGN - the FDA has finally approved its blood disorder drug Nplate. The price is in a tight oscillation around 64, Bollinger bands have gotten really narrow. Ready for a breakout?
Changing buy trigger to 65.2 .

MITI - coming down to Earth, consolidating around 6.3 . Buy trigger lowered to 6.9 .

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).