Sunday, November 21, 2010

Stock Screen Results - US Stocks from $2 to $10

Four US stocks between $2 and $10 made all-time highs last week, and each stock is in a different sector. Chart-wise, each stocks had failed breakouts on the daily timefame, and it remains to be seen what will happen on the monthly timeframe.

From a fundamental perspective, HCII and KNDI have low Piotroski and Altman scores, which suggests the companies are not very solid - at least by two measures of company strength. All of the companies except HCII have shown rapid EPS growth and Sales growth and all of the stocks have received increasing institutional support - especially HCII. The average analyst target price is above the current price for all of the names with analyst coverage.

Fundamentals, Growth, and Institutional Support
SymbolSectorF
score
Z
score
Market
Cap
EPS
Q/Q
Sales
Q/Q
Div.Pay
out
Inst
Own
Inst
Trans
Target
Price
GSITTechnology57.7201.67M104%82%%%25%1%8.3
HCIIFinancial31.850.26M-57%-15%%%1%370%9.8
KNDIConsumer Goods22.4123.42M349%81%%0%1%4%
XPOServices25.686.45M373%81%%0%42%2%3.5
 A high Piotroski F-score indicates financial strength, and a low Altman Z-score predicts bankruptcy
 Data are from GrahamInvestor.com, Yahoo Finance, and Finviz.com

GSIT (GSI Technology Inc | NASDAQ)
All-time Highs (Yahoo Finance): Intraday $7.50 (19-Nov-2010), Daily Close $7.27 (19-Nov-2010)
HCII (Homeowners Choice Inc | NASDAQ)
All-time Highs (Yahoo Finance): Intraday $9.00 (17-Nov-2010), Daily Close $8.55 (17-Nov-2010)
KNDI (Kandi Technologies Corp | NASDAQ)
All-time Highs (Yahoo Finance): Intraday $7.25 (15-Nov-2010), Daily Close $6.51 (08-Jan-2010)
XPO (Express-1 Expedited Solutions Inc | AMEX)
All-time Highs (Yahoo Finance): Intraday $2.89 (15-Nov-2010), Daily Close $2.82 (09-Nov-2010)

Really good  traders do not get married  to  their positions. They don't hope that the markets will go in their direction. They act immediately. If they believe they have made a mistake, they get out and may even reverse their positions if they feel that's the appropriate action. - Jack Schwager

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