3 Notable 52wk HIGHS i screened for & ranked using Finviz & IBD respectively
ticker symbols:
- $REGN $TW $HSY in order of rank. see below for more details.
- these charts & quotes above are provided by finviz.com.
screening method:
- screen from all 6400+ stocks listed at finfiz.com
- must close above previous 52 wk high
- positive institutional transactions
- short float <5%
- gap up
- performance1 today up
- performance2 YTD +10%
- above 20dma
- above 50dma
- above 200dma
- 52wk high
- relative volume over 100%
- price over $50
rank criteria using IBD SmartSelect:
- composite rating 80 or greater
- eps rating rating 70 or greater
- rs rating rating 80 or greater
results: (csv format)
No.,Symbol,Company Name,Composite Rating ,EPS Rating,RS Rating,
1,REGN,Regeneron Pharmaceutical,99,80,95,
2,TW,Towers Watson & Co,94,75,84,
3,HSY,Hershey Company,90,77,86,
top ranked chart: $REGN
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stubby’s chart commentary on today’s top rank chart:
- REGN is a powerful quick momentum stock. by the time it breaks out, it’s almost too late to catch that leg higher. i recently mentioned this stock on apr-10-13. a bearish shooting star candlestick formation developed and i was suspicious of a possible breakout. i put candlestick formation ahead of other technicals i pointed out, stayed out and missed this rally. i suppose worse things have happened. next time i encounter a similar chart pattern, i will be more considerate of ALL the parameters and not let one outweigh all the others.
- since then, some characteristics have developed that give me the impression the recent breakout in REGN has limited upside reward in the short-term. those characteristics are (1) bleeding nose RSI 86.05 and it looks like the daily RSI wants to xBELOW it’s moving average. (2) MACD is approached historical levels where REGN tops out and fades.(3) the same with the MFI (money flow index). (4) william’s A/D is the highest it’s been for over a year. (5) CCI 20day is waving flat.
- so again, i will stay on the sidelines for a better entry with more upside potential. i am [neutral to short-term bearish] on REGN.
disclosure(s):
- I am long full positions in HSY.
Stubby Brown's WS Finance 