Schaeffer's Trading Floor Blog

Highs & Lows: US Airways, LeapFrog, and Arcos Dorados

LCC, LF, and POWI hit new annual highs, while ARCO, JRCC, and PTEN fell to new annual lows

by 5/4/2012 2:33 PM
Stocks quoted in this article:

Stocks continue to swim in the red this afternoon, after a weaker-than-forecast nonfarm payrolls hit the Street this morning. The split between annual highs and annual lows reflects today's sell-off. The NYSE has racked up 37 securities at fresh highs, versus 48 new lows. The bearish bias is a little larger on the Nasdaq, where there are 29 new highs and 75 lows. Among the stocks hitting notable technical milestones in today's trading are US Airways Group, Inc. (LCC), LeapFrog Enterprises, Inc. (LF), and Arcos Dorados Holdings, Inc. (ARCO).

Notable Stocks at Annual Highs

  • US Airways Group, Inc. (LCC - 10.82) hit a new 16-month best of $10.94 on the heels of Thursday's April traffic report. Heading into today's session, LCC had gained 10.3% over the past year. The stock's Relative Strength Index (RSI) stands at a relatively lofty 74, while seven out of 10 analysts consider it worthy of a "strong buy" endorsement.
  • LeapFrog Enterprises, Inc. (LF - 10.40) touched the $10.78 level -- its highest point since July 2007 -- following last night's strong first-quarter earnings report. This news sent the shares up about 15.5% at last check, amplifying LF's impressive 52-week jump of 121%. The stock's RSI stands at 67, and 80% of analysts have deemed the stock a "buy" or better.
  • Power Integrations, Inc. (POWI - 42.30) surged to a more than two-year peak of $44.62 earlier in the session, capitalizing on better-than-expected first-quarter results. POWI is up only 3% over the past year, and its RSI stands at 58. Of the seven analysts following the semiconductor concern, five have issued a "buy" or better rating.

Notable Stocks at Annual Lows

  • Although first-quarter same-store sales for Arcos Dorados Holdings, Inc. (ARCO - 14.00) rose by 11.6%, it failed to meet bottom-line expectations in this morning's earnings report. The ensuing slide sent ARCO plummeting to $13.28 -- the stock's lowest price since going public back in April 2011. The equity has retreated 21.6% on a year-over-year basis, while its RSI weighs in at 40. Just one analyst out of four has given the shares a "strong buy" rating.
  • James River Coal Company (JRCC - 4.17) peeled back to the $4.10 mark, notching its worst price since August 2007. The stock has shed nearly 80% over the past year, thanks in part to yesterday's poorly received earnings report. JRCC's RSI now stands at 41, and only two out of 10 analysts consider the stock a "buy."
  • Patterson-UTI Energy, Inc. (PTEN - 15.22) fell as far south as $15.03 -- its lowest point since September 2010. The equity has burned off 43.4% during the past 12 months, and its RSI is at 42. However, a majority of analysts are upbeat toward the laggard, as 58% have doled out "buy" ratings.


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