Month: July 2011

3 Chemical Stocks on the All-Time High List

It is always worth to pay attention when several stocks from the same industry are on the all-time high list. In this case, I am referring to chemicals and more specifically $CE, $FMC and $TPCG.

TPC Group ($TPCG) has the smallest market cap out of the three: a bit more than $700M. 15.6M shares in the float, 4% out of which are currently shorted.

The company destroyed analysts’ consensus estimates in May, reporting an EPS of $0.70 vs expectations for $0.35.$TPCG gapped 20% on the next day, only to give back its entire gain in the following few days. Nevertheless, it managed to hold above its rising 50-day MA and form a solid base above it.

Next Earnings report is scheduled for August 10 and this time the estimates are much higher. The Street is looking for an EPS of $0.96. The stock broke out to a new all-time high today and it won’t be unexpected if it runs in front of its next earnings report, especially if the market cooperates.

Allot Communications Advances 12% to Close at All-Time High

$ALLT bounced from its rising 20dma on double its average daily volume to finish the day at levels never seen before. The stock is up 64’% YTD. Allot is an Israeli company  that is considered one of the major plays in Internet security as its systems scan and filter Internet flow for viruses, spam and unauthorized intruders. It is scheduled to report earnings on August 9th.

$FTNT, which is another play in Internet security, is down 18% after hours despite beating the estimates by a cent. Let’s see if the weakness in $FTNT will affect negatively $ALLT in the near-term perspective.

Other notable stocks on the all-time high list include, but are not limited to: $UAN $WCN $UA $TJX $SHOO $SBNY $PVH $RDEN $RRTS $NUS $MAA $LULU $NPO $FOSL $GTLS $EL $CRM $CLH $CRMT $GTLS $CATM $CASY $BWLD $BCPC $AMZN $AAPL

ZAGG Closes at All-Time High with 74% of its Float Short

There are not many stocks on the all-time list, but those that are there, have catalysts with a potential for higher prices in the near-term perspective. Zagg Corporation ($ZAGG), which manufactures protective coverings for mobile phones and other hand-held devices, advanced almost 3% in a week tape. The staggering 74% of its small float (which is 15.29M shares) is sold short. If the market cooperates and sends the stock above $16, there might be an epic short squeeze. I will be watching carefully.

Other names on the all-time high list today include:
$AAPL $WYNN $GSVC $BCPC $CVV $EVEP $CHT $RGLD $MVO