Liquid Momentum Focus List for Week of Nov 1...FCX, AMZN, ARUN, ROVI, CRM, VMW, IPI
Liquid Momentum is Briefing.com's proprietary Focus List for the 50 most
liquid, high Relative Strength stocks in the market that are ideal for Day and
Swing trading candidates. In this week's udpate, we point out a handful of
stocks, most with minor consolidations and pullbacks within their current
uptrends that could be gearing up for another leg higher in coming days.
We also show one stock that slipped off our Top 50 Focus List this week, but
still remains in fine "technical" shape and should be monitored for a potential
breakout soon. Below that we have two stocks that are "on the fence" as to
whether they can move higher or lower depending on what develops in coming days.
At the bottom, we show a stock we highlighted over a week ago as an example of a
a Bull Flag that soon thereafter broke out into higher ground for a 5-day
run-up.
Note earnings season is upon us, so traders should be fully aware of each
company's earnings release date as a significant reaction in price may occur.
You can find earnings dates by typing in a ticker in our Search box located at
the type right of each page, or by checking the
Earnings Calendar.
Freeport McMoran Copper & Gold (FCX #8): Narrowing Range
consolidation along the highs poised for breakout
Amazon.com Inc (AMZN #19): A high Tight Bull Flag within its
momentum uptrend
Aruba Networks Inc (ARUN #43): Upside momentum on volume from a
4-week down-channel
Rovi Corp (ROVI): Slipped off this week's list, but should still
be monitored as still in good "technical" shape
Salesforce.com Inc (CRM #7): Recoups most of its late-Sept/early
Oct losses, but confronts key resistance zone
VMware Inc (VMW #20): October down-channel in effect, but need to
be alert for potential squeeze after 4-5 down weeks.
Intrepid Potash Inc (IPI #23): Previous highlighted Bull Flag
working out very well as uptrend extends to new highs
Liquid Momentum Focus List
With equity markets always in motion and leadership rotating from one
group to another, this list is designed to help the active Day and Swing traders
stay on top of the current momentum leaders. It is generated from a proprietary
algorithm that places heavy emphasis on superior Relative Strength versus the
market, high Average True Range (ATR) values, and high average daily volume,
among other data points. An updated list is published each Monday, along with
charts and commentary throughout the week on the more compelling set-ups.
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Liquid Momentum Rankings: Week of November 1, 2010 |
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|
Rank |
Ticker |
Price |
Industry |
6-Mo RS Rank |
ATR |
ATR/ Price |
Float (mln) |
Short Interest |
P/S (TTM) |
PEG FY |
PEG FY+1 |
Earnings Date |
|
1 |
NFLX |
$173.57 |
Internet Retail |
98 |
7.51 |
4% |
6 |
24% |
4.4 |
1.5 |
1.3 |
|
|
2 |
CF |
$122.53 |
Chemicals: Agricultural |
94 |
3.89 |
3% |
70 |
6% |
2.3 |
-2.1 |
0.4 |
4-Nov |
|
3 |
BIDU |
$110.01 |
Internet Software/Services |
98 |
3.66 |
3% |
N/A |
N/A |
28.7 |
0.6 |
0.8 |
|
|
4 |
FFIV |
$117.70 |
Computer Communications |
97 |
5.03 |
4% |
67 |
6% |
10.4 |
0.9 |
1.0 |
|
|
5 |
WYNN |
$107.16 |
Casinos/Gaming |
84 |
3.99 |
4% |
33 |
9% |
3.5 |
0.1 |
1.5 |
2-Nov |
|
6 |
PCLN |
$376.81 |
Other Consumer Services |
93 |
10.12 |
3% |
47 |
6% |
6.1 |
0.6 |
0.8 |
8-Nov |
|
7 |
CRM |
$116.07 |
Packaged Software |
91 |
4.25 |
4% |
98 |
9% |
9.8 |
1.1 |
2.6 |
30-Nov |
|
8 |
FCX |
$94.79 |
Precious Metals |
88 |
3.35 |
4% |
467 |
4% |
2.5 |
0.3 |
0.8 |
|
|
9 |
RVBD |
$57.59 |
Computer Communications |
98 |
2.83 |
5% |
59 |
9% |
7.9 |
0.7 |
1.2 |
|
|
10 |
ISLN |
$28.47 |
Computer Peripherals |
99 |
1.40 |
5% |
27 |
13% |
10.2 |
N/A |
0.9 |
|
|
11 |
OVTI |
$27.13 |
Electronic Components |
95 |
1.25 |
5% |
47 |
14% |
2.0 |
0.1 |
1.2 |
|
|
12 |
FSLR |
$137.68 |
Electronic Components |
81 |
3.86 |
3% |
64 |
21% |
5.2 |
-22.0 |
1.4 |
|
|
13 |
MOS |
$73.16 |
Chemicals: Agricultural |
92 |
2.58 |
4% |
444 |
4% |
4.1 |
0.2 |
0.6 |
|
|
14 |
LVS |
$45.88 |
Casinos/Gaming |
98 |
1.60 |
4% |
461 |
14% |
4.6 |
0.0 |
0.4 |
|
|
15 |
UAL |
$29.04 |
Airlines |
91 |
1.13 |
4% |
267 |
13% |
0.4 |
N/A |
0.7 |
|
|
16 |
CSTR |
$57.58 |
Other Consumer Services |
87 |
1.68 |
4% |
24 |
34% |
1.1 |
0.2 |
0.4 |
|
|
17 |
TEN |
$32.62 |
Automotive Aftermarket |
90 |
1.43 |
4% |
50 |
9% |
0.3 |
N/A |
0.2 |
|
|
18 |
SINA |
$56.30 |
Internet Software/Services |
96 |
2.08 |
4% |
N/A |
8% |
8.6 |
0.8 |
1.4 |
16-Nov |
|
19 |
AMZN |
$165.23 |
Internet Retail |
83 |
4.82 |
3% |
354 |
4% |
2.3 |
3.1 |
1.3 |
|
|
20 |
VMW |
$76.46 |
Information Technology Services |
85 |
3.32 |
4% |
365 |
10% |
11.8 |
1.1 |
2.0 |
|
|
21 |
ILMN |
$54.31 |
Biotechnology |
94 |
1.73 |
3% |
82 |
9% |
8.0 |
1.6 |
1.1 |
|
|
22 |
BWA |
$56.11 |
Auto Parts: OEM |
93 |
1.42 |
3% |
100 |
10% |
1.2 |
0.0 |
0.5 |
|
|
23 |
IPI |
$34.33 |
Other Metals/Minerals |
88 |
1.20 |
4% |
N/A |
23% |
7.9 |
-2.0 |
0.1 |
3-Nov |
|
24 |
CTRP |
$52.06 |
Other Consumer Services |
91 |
1.67 |
3% |
152 |
N/A |
18.6 |
1.5 |
1.4 |
2-Nov |
|
25 |
GOOG |
$613.70 |
Internet Software/Services |
79 |
13.42 |
2% |
245 |
2% |
9.7 |
0.9 |
1.2 |
|
|
26 |
CAVM |
$31.87 |
Semiconductors |
70 |
1.14 |
4% |
40 |
31% |
7.6 |
0.0 |
0.7 |
|
|
27 |
GYMB |
$65.06 |
Apparel/Footwear Retail |
89 |
1.00 |
2% |
26 |
20% |
1.7 |
1.0 |
1.5 |
17-Nov |
|
28 |
PAY |
$33.83 |
Computer Processing Hardware |
97 |
1.23 |
4% |
65 |
4% |
2.9 |
0.6 |
0.8 |
13-Dec |
|
29 |
SCCO |
$42.80 |
Other Metals/Minerals |
94 |
1.45 |
3% |
169 |
4% |
7.5 |
0.3 |
0.3 |
|
|
30 |
SVR |
$30.49 |
Specialty Telecommunications |
95 |
1.06 |
3% |
61 |
4% |
3.5 |
0.8 |
1.4 |
2-Nov |
|
31 |
CTXS |
$64.13 |
Information Technology Services |
92 |
2.35 |
4% |
166 |
2% |
6.7 |
2.8 |
2.2 |
|
|
32 |
AGU |
$88.51 |
Chemicals: Agricultural |
93 |
2.41 |
3% |
157 |
2% |
1.4 |
0.2 |
0.4 |
3-Nov |
|
33 |
AAPL |
$300.98 |
Computer Processing Hardware |
79 |
6.43 |
2% |
910 |
1% |
4.2 |
0.6 |
0.8 |
|
|
34 |
LULU |
$44.32 |
Apparel/Footwear Retail |
72 |
1.63 |
4% |
16 |
20% |
3.8 |
0.7 |
1.4 |
9-Dec |
|
35 |
APKT |
$39.55 |
Telecommunications Equipment |
99 |
1.59 |
4% |
48 |
5% |
12.3 |
0.6 |
1.5 |
|
|
36 |
AEM |
$77.59 |
Precious Metals |
82 |
2.27 |
3% |
157 |
5% |
9.9 |
0.2 |
0.5 |
|
|
37 |
AKAM |
$51.67 |
Internet Software/Services |
96 |
1.83 |
4% |
175 |
5% |
9.4 |
-2.3 |
1.8 |
|
|
38 |
NOV |
$53.76 |
Oilfield Services/Equipment |
84 |
1.80 |
3% |
418 |
2% |
1.9 |
13.7 |
-2.1 |
|
|
39 |
RIO |
$65.12 |
Other Metals/Minerals |
83 |
1.98 |
3% |
N/A |
N/A |
2.5 |
0.1 |
0.4 |
|
|
40 |
SLW |
$28.75 |
Other Metals/Minerals |
95 |
1.06 |
4% |
333 |
2% |
24.6 |
0.5 |
0.6 |
8-Nov |
|
41 |
BID |
$43.84 |
Other Consumer Services |
83 |
1.63 |
4% |
N/A |
8% |
4.4 |
N/A |
1.6 |
4-Nov |
|
42 |
LYB |
$26.86 |
Chemicals: Major Diversified |
87 |
1.02 |
4% |
N/A |
1% |
0.5 |
0.0 |
0.4 |
|
|
43 |
ARUN |
$21.93 |
Computer Processing Hardware |
97 |
1.03 |
5% |
N/A |
22% |
7.3 |
0.6 |
1.5 |
18-Nov |
|
44 |
RAX |
$24.96 |
Internet Software/Services |
92 |
1.09 |
4% |
52 |
30% |
4.2 |
1.5 |
0.8 |
8-Nov |
|
45 |
INTU |
$47.98 |
Packaged Software |
92 |
1.00 |
2% |
284 |
2% |
4.3 |
1.4 |
1.2 |
18-Nov |
|
46 |
TRW |
$45.69 |
Auto Parts: OEM |
93 |
1.23 |
3% |
64 |
6% |
0.4 |
0.0 |
1.0 |
3-Nov |
|
47 |
CTSH |
$65.19 |
Information Technology Services |
91 |
1.61 |
2% |
298 |
2% |
4.8 |
1.0 |
1.8 |
1-Nov |
|
48 |
NTAP |
$53.25 |
Computer Peripherals |
95 |
1.44 |
3% |
318 |
6% |
4.3 |
0.8 |
2.3 |
17-Nov |
|
49 |
CPX |
$23.43 |
Oilfield Services/Equipment |
96 |
1.10 |
5% |
52 |
8% |
1.3 |
N/A |
0.1 |
|
|
50 |
INFA |
$40.69 |
Packaged Software |
96 |
1.16 |
3% |
92 |
7% |
6.1 |
1.8 |
1.8 |
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The Liquid Momentum team:
- Lead Technical Analyst: Scott Smith, CMT
- Senior Analyst & Developer of the Liquid Momentum system: Jim Busch
The Liquid Momentum column can be found on the
Trading Ideas / Technical home page. On In Play, all of the Liquid Momentum content
can be searched for, and have alerts generated by, the "LQDXX" ticker. Comments
or suggestions? Please send them to
liquidmomentum@briefing.com.
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