Gurus | Can I CAN-SLIM? 13 - 12/3/2018

12th Mar '18 by poughtibridge

9 comments 4797 reads

I'm a bit late this week - a week away in Germany, then working most of the weekend. Still got crazy working hours so this may take a few days to get out... starting with the guru screen review:-

It has been a good week for the CAN-SLIM-esque Screen! It made it into the week's Top Movers on the front page with 5+%.

Here is this weeks record of the CAN-SLIM - some changes this week

Plus500 (LON:PLUS)

3 weeks ago we saw big volume on a price decrease. Last week we saw very heavy volume on one day and a price decrease. Since then it has stabilised. The 50 day MA is moving away from the 200 day. One to watch for now.

Globaltrans Investment (LON:GLTR)

I spotted this breakout forming but wasn't sure and missed it. Not paying attention - since I wrote, there has been 9 days in the green. How did I miss this? Oh well - next time.

Tatneft' PAO (LON:ATAD)

I can't buy this for my ISA. Not going to look at it!

IG Group (LON:IGG)

One to watch.

Craneware (LON:CRW)

Dropped out the screen - the checklist fails it on QonQ EPS - still, a reasonable set of results last week with H1 EPS up 18% on H1.

ASOS (LON:ASC)

Not failing, but no real signs of strong break out - Watch for now.

Joules (LON:JOUL)

Joules - out of the screen on RS. Death cross on 200 / 150 day MA cross. Will stop following for now.

Microgen (LON:MCGN)

Out after 1 week! 1 Year EPS forecast reduced to negative.

Gamma Communications (LON:GAMA)

Only in the screen for 2 weeks - the last two trading days (as writing) were awesome with + 12%. If you were doing this perfectly you would have seen the high volume last Friday morning. I didn't because I have another job - bought today on the basis the price action is so strong, it may continue. May be wrong, so have set a stop loss.

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Rusty2

14th Mar '18

Lots of new companies added today and Burford Capital (LON:BUR) should be added to the screen tomorrow. Ones added today are: Fevertree Drinks (LON:FEVR), Gresham Technologies (LON:GHT), MGNS, Johnson Service (LON:JSG).

I have just sold my Fevertree Drinks (LON:FEVR) probably a mistake but results only just inline, I think growth may slowdown somewhat this year.
Morgan Sindall (LON:MGNS) looked at this before but the margins are so low.
Gresham Technologies (LON:GHT) SR only 52, a software company, not sure about this one.
Johnson Service (LON:JSG) looks ok but debt is still a bit too high for me.

Burford Capital (LON:BUR) has gone up about 30% today, I may take some profits.

Robert Walters (LON:RWA) yes I thought it was going to break out but is struck around 650p.

Numis (LON:NUM) and Gamma Communications (LON:GAMA) could be breaking out, I only hold Gamma Communications (LON:GAMA). Numis (LON:NUM) seem to be a lot of share options, rather puts me off.

Microgen (LON:MCGN) yes forecast for next year is negative but how accurate is this, I have sold shares because of forecast turning negative only to see the next month it to go up and shares shoot up and lose out. Looking back 1 year forecast was only +28% for 2017, came in at +87%. I know it's part of the screening but it is something I struggle with.

Yes the screen has recovered well from a few weeks ago.

2 to watch maybe:

Dart (LON:DTG) is excluded from screen because EPS Gwth % Q on Q = n/a.

XP Power (LON:XPP) is ex. because of XP Power EPS Gwth % 1y Ago = 8.18, so is very close.

Also Avon Rubber (LON:AVON) if shares goes up about 1% today it should qualify.

Glorenfeld

16th Mar '18

Re Robert Walters (LON:RWA), I haven't written this off yet - the price action is contracting within a gradual upward move and while it doesn't look particularly tight on the candlesticks, it's actually been oscillating within the spread for over a week. I'm sure it could still go either way, but I'm looking to time a buy on a close above 670 ish.

Seems to be a Volatility Contraction Pattern (VCP) occurings where the price falls are smaller each time, this I believe is a good sign according to Minervini and there could be a break out after that. I'm already invested as I bought on the results.

Burford Capital (LON:BUR) did not make due to the 2018 forecasts.

Spirax-Sarco Engineering (LON:SPX) is a new one today, may have a look later.

17th Mar '18

Avon Rubber (LON:AVON) has duly been added today.

Plus500 (LON:PLUS) is very close to dropping out.

poughtibridge

18th Mar '18

@Glorenfeld and @herbie47 - (and everyone else who writes) I'm very grateful for your comments keeping us up to date with new prospects - more techno-fundamentalist eyes mean we can talk about more shares than I could manage on my own. thanks for sharing your thought and experience.

Yes, I've looked again and see what you mean. And that was a really solid EPS growth in 2017.

Well done on Burford Capital - I lost my bottle in the 28 week VCP - It mistook it for stage 3, so sold before the 30% increase. Looking back, I still think I would have struggled to spot it - was there something that stood out to you, or had you held for sometime. already had a good gain, so were prepared to be more patient?

Yes I've held for some time. But I was sure as in previous years the results would be good. I did sell some around 1150p and then bought them back before the results, I should have topped up when they fell to around 1020 but missed out there. I don't follow Minervini that closely. But Minervini would have sold before the results which is not something I tend to do, certainly would have been a mistake with Burford Capital (LON:BUR).

Can I CAN-SLIM? 13 - 12/3/2018

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Poughtibridge

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