logo
  Join        Login             Stock Quote

Active Screen - CANSLIM: Top 8 For February 10th

 February 10, 2011 03:56 PM
 


Our current list of eight stocks was unchanged from last week. The eight in descending order by Market Cap are: Free McMoran (FCX), Netflix (NFLX), Apple (AAPL), Baidu (BIDU), Research in Motion (RIMM), Cognizant Technology Solutions (CTSH), Southwestern Energy (SWN), Intuitive Surgical (ISRG).

The Screener setup was as follows:


Free McMoran (FCX) is struggling below its 50-day MA. The stock closed the breakdown gap to $58 but was unable to make further gains. It subsequently drifted below its 50-day MA and is looking to mount a second challenge at $52.



Last week's breakout Netflix (NFLX) was able to build off the gap and post a new closing high. There should be good demand below $210.



It was the same story for Baidu (BIDU). The breakout handily cleared $115 and should be strong support. Yesterday's push above $120 offers an alternative place for stops.



Apple (AAPL) pushed above $345, was able to attract money from the sidelines, and drove on to $358. Tests of the 50-day MA (currently at $331) are likely to provide entry opportunities. Use an Alert to track when Apple approaches to within 3% of its 50-day MA.

Research in Motion (RIMM) is range bound between $58 support and $66 resistance. On Wednesday's close it split the difference at $63.57.

Cognizant Technology Solutions (CTSH) has been hemmed in by $76 resistance and has the fast approaching 50-day MA at $72.91 to look too for support. This should see a test either today or Friday.



Southwestern Energy (SWN) trading at its 50-day MA after a recent 'Golden Cross' is struggling to hold above $39. Yesterday's sharp loss left it just above its 200-day MA at $37.00 but it looks like it wants to mount a challenge of $35.



Intutitive Surgical (ISRG) has spent the past few weeks trading in a very narrow range of $321-$338. The fact it has done so off a $25 gap is quite impressive. Look for money to come in from the sidelines on a break of $340 and you can use an Alert to inform you when this happens.
iOnTheMarket Premium
Advertisement

Advertisement


Comments Closed


rss feed

Latest Stories

article imageRussell 2000 Showing Relative Weakness at the New Highs

A quick “Quad Index” Grid shows us that the small-cap Russell 2000 is showing relative strength to the read on...

article imageThe Poster Boy For Liberal Economics Discovers The Tax Factor

Paul Krugman seems to be having a supply-side-economics moment… sort of. Raising taxes, the NY Times read on...

article imageMacroprudential Policy And Distribution Of Risk

There is very little doubt that housing prices and leverage played a strong role in the global financial read on...

article imageIs the World Turning Japanese?

Many really think so, but reality suggests read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.