Monday, March 29, 2010

Charts from my watch list for Tuesday 3-30-10

First, I'll show the top charts for Tuesday, then the rest by type of pattern. I am looking at the charts on a daily time frame.

Note the charts have been removed to make way for charts on later posts. Stockcharts will only allow 25 charts for free.

Collector's Universe (CLCT)
This provides grading, authentication, and other services to collectors. The company sports a PE of 15, a clean balance sheet, and 4 quarters of accelerating sales. Chart wise, the company broke out of a cup with a long handle and has since consolidated, bouncing off the 20 day moving average area. Monday's actions showed a close above the recent consolidation on increased volume.
China Real Estate Information Corporation (CRIC)
The name pretty much describes this company. CRIC had an IPO in October of 2009. The IPO allowed the company to clean strengthen its balance sheet and provide room to grow. The company's first quarter public showed a 203% increase year over year in sales and a 150% increase ($0.10 vs. $0.04) in EPS. Technically, the company has been in a down trend since its IPO but just broke the downtrend on Monday.
 Dollar Financial Corporation (DLLR)
 Dollar Financial provides check cashing, consumer loans, and money orders. Earnings feature a return to growth in the previous two quarters. Sales show three quarters of acceleration, returning to growth at +16% in the most recent quarter. Unfortunately, this company has some debt, but is working to pay down the debt, already resulting in anticipated reduced interest expenses for the current fiscal year. Others in the group including AEA EZPW and FCFS have set up basing patterns or moved higher in recent times. Dollar has formed the best cup with handle out of the group with the handle riding the 20 day moving average upwards the last three days.


KMG Chemicals (KMGB)
This company makes specialty chemicals and wood preservatives, such as the chemicals used preserve railroad ties and telephone poles, among others. The company has a PE of 11, increased earnings 56%, 780%, 193%, and 338% the last four quarters, and has three quarters of accelerating sales. Much like DLLR, the company has some debt on the balance sheet, but nothing overly outrageous. On the chart, KMGB has drawn out a bottoming base with a handle. The handle bounced off the 20 day moving average today and the stock began to aim for what could be a pivot point at $16.
Seracare Life Sciences (SRLS)
From the latest quarterly earnings press release, Seracare's "innovative portfolio includes diagnostic controls, plasma-derived reagents and molecular biomarkers, biobanking and contract research services." The has four quarters of accelerating sales, including a return to growth of 9% and 21% in the last two quarters. Earnings have come back after reporting 4 years of losses and the company now has a trailing PE of 21. A little caveat is the company has not filed a form 10-Q for the most recent quarter, though the company has released a press release with an income statement. The balance sheet as of the most recent filing shows a moderate amount of debt, not too much the company could not service the debt with cash on hand, much less incoming cash flow. The chart I will post is a flat base with handle, however the weekly chart will show this flat base with handle is really a handle for the overall base, which is a theme across many stocks.


Winmark (WINA)
Speaking of weekly charts, this last one (alphabetically) is a weekly chart. I will also post the daily chart as I think both are highly relevant in this instance. Fundamentally, WINA is in the worst shape from my perspective out of these six top charts. The last two years have actually featured earnings growth, and earnings growth of 53%, 29%, 38% and 100% in the last four quarters is nothing to shy away from. However, the company also has about $3 per share in equity and over $9 a share in debt. The current ratio is 1.6 so there appears to be no immediate threat of the company going under, however, the company had $0.25 per share in interest expense last year and earnings of $1.10. The liabilities are weighing down earnings. This may also induce the company to have an offering if the stock should take off or do well in the future, but this is just speculation.

Technically speaking, on the daily the company recently bounced off the 200 day moving average area and today began an approach of what should be a $23 pivot point. On the weekly this base extends back similar to many bases seen in charts in today's market.
 All the above charts courtesy of stockcharts.com and I did the mark ups myself.
Alas I have not the time to draw up every chart I like and to go into detail, so here are the others on my watch list of interest, by category.

Base with handle:
Finviz charts
Stockcharts charts
CCME  CEDU CSIQ CTRP DEER GTS JOBS MAPP ORCH OZM


Double bottom:
Finviz charts
Stockcharts charts 
GPI LHCG VLCM

10 day simple moving average area interaction:
Finviz charts
Stockcharts charts
LL ODSY TESS

20 day simple moving average area interaction:
Finviz charts
Stockcharts charts
HVT MELI SMCI

50 day simple moving average area interaction:
No listed companies, though ITKG.ob has been skirting the 50 day moving average

Flags or consolidating closes:
Finviz charts
Stockcharts group1 (10 charts)
Stockcharts group2 (5 charts)
ABII BFR CHOP FNDT GLRE GXDX HOKU MDF NOIZ NUS OGXI OPNT SSRX TRLG ZOOM

Other interesting patterns:
Finviz charts
Stockcharts group1 (10 charts)
Stockcharts group2 (2 charts)
ADK ANV ASYS BOFI CAAS DEST DFZ JOEZ MSO RCKY TSL WWIN

Disclosure: I have interests in the following stocks DGP CELH BRCO.ob ALIF.ob KMGB MFI