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The following is a list of breakout stocks, based on moving average trends. For this article, we define an inflection point as the convergence between the 50-day and 200-day moving averages.

When these two moving averages cross, it often represents a shift in investor sentiment. If the 50-day MA moves above the 200-day MA (bullish), it's called a "Golden Cross" signal. If, on the other hand, the 50-day MA crosses below the 200-day MA (bearish), it's called the "Death Cross."

All of the stocks mentioned below have recently seen the SMA50 move above the SMA200 (bullish signal).

In addition, all of the names mentioned below have excellent growth prospects, with higher projected EPS growth rates than their industry competitors. All of the companies mentioned below also have the following characteristics:

  • EPS and revenue grew faster than their industry competitors over the last five years
  • Capital spending accelerated at a faster rate than their competitors (theoretically, this makes them more competitive over the coming years)
  • Cash flow growth has accelerated faster than their industry competitors over the last five years

We're not going to go into detailed analysis for each company. The goal here is to give growth-oriented investors a starting point for their own analysis.

All growth stats sourced from Fidelity, short float and performance data sourced from Finviz.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research. Note: The numbers on top of items represent the forward P/E ratio, if available.

The list has been sorted alphabetically.

1. Bio-Reference Laboratories Inc. (NASDAQ:BRLI): Medical Laboratories and Research Industry. Market cap of $660.96M. EPS growth over the last five years at 26.52% vs. industry average at 16.93%. EPS projected to grow by 18.33% over the next five years, vs. an industry average at 12.97%. Revenue grew by 22.82% over the past five years vs. an industry average at 13.42%. The company has boosted capital spending by 41.97% over the last five years, vs. the industry average of 13.86%. Five year average cashflow growth at 27.78% vs. an industry average at 20.7%. SMA50 at $21.81 vs. SMA200 at $21.7 (current price at $23.69). Short float at 21.08%, which implies a short ratio of 24.29 days. The stock has gained 19.65% over the last year.

2. Colgate-Palmolive Co. (NYSE:CL): Personal Products Industry. Market cap of $37.8B. EPS growth over the last five years at 13.4% vs. industry average at 7.35%. EPS projected to grow by 9.12% over the next five years, vs. an industry average at 8.8%. Revenue grew by 7.69% over the past five years vs. an industry average at 6.74%. The company has boosted capital spending by 10.56% over the last five years, vs. the industry average of 7.96%. Five year average cashflow growth at 9.81% vs. an industry average at 8.14%. SMA50 at $78.67 vs. SMA200 at $78.54 (current price at $78.34). Short float at 1.45%, which implies a short ratio of 2.63 days. The stock has gained 0.38% over the last year.

3. Petrohawk Energy Corporation (NYSE:HK): Independent Oil and Gas Industry. Market cap of $6.03B. EPS growth over the last five years at 59.01% vs. industry average at 3.31%. EPS projected to grow by 18.25% over the next five years, vs. an industry average at 11.06%. Revenue grew by 100.34% over the past five years vs. an industry average at 10.24%. The company has boosted capital spending by 156.42% over the last five years, vs. the industry average of 19.82%. Five year average cashflow growth at 105.05% vs. an industry average at 9.8%. SMA50 at $18.58 vs. SMA200 at $18.24 (current price at $19.88). Short float at 6%, which implies a short ratio of 2.97 days. The stock has lost -22.62% over the last year.

4. Iron Mountain Inc. (NYSE:IRM): Business Software and Services Industry. Market cap of $4.96B. EPS growth over the last five years at 17.61% vs. industry average at 5.08%. EPS projected to grow by 15.% over the next five years, vs. an industry average at 12.6%. Revenue grew by 10.64% over the past five years vs. an industry average at 9.1%. The company has boosted capital spending by 6.16% over the last five years, vs. the industry average of 5.95%. Five year average cashflow growth at 15.93% vs. an industry average at 9.27%. SMA50 at $23.68 vs. SMA200 at $23.28 (current price at $24.93). Short float at 5.27%, which implies a short ratio of 5.83 days. The stock has gained 3.33% over the last year.

5. LHC Group, Inc. (NASDAQ:LHCG): Home Health Care Industry. Market cap of $536.68M. EPS growth over the last five years at 26.85% vs. industry average at 16.96%. EPS projected to grow by 15.75% over the next five years, vs. an industry average at 12.97%. Revenue grew by 34.03% over the past five years vs. an industry average at 13.41%. The company has boosted capital spending by 14.73% over the last five years, vs. the industry average of 13.78%. Five year average cashflow growth at 37.17% vs. an industry average at 20.63%. SMA50 at $27.61 vs. SMA200 at $27.16 (current price at $28.59). Short float at 10.15%, which implies a short ratio of 10.85 days. The stock has lost -9.71% over the last year.

6. Mueller Water Products, Inc. (NYSE:MWA): Industrial Equipment and Components Industry. Market cap of $704.75M. EPS growth over the last five years at 42.13% vs. industry average at 2.97%. EPS projected to grow by 17.33% over the next five years, vs. an industry average at 15.92%. Revenue grew by 23.96% over the past five years vs. an industry average at 5.03%. The company has boosted capital spending by 14.77% over the last five years, vs. the industry average of 6.17%. Five year average cashflow growth at 10.% vs. an industry average at 2.35%. SMA50 at $3.88 vs. SMA200 at $3.76 (current price at $4.36). Short float at 3.69%, which implies a short ratio of 3.51 days. The stock has lost -11.82% over the last year.

7. rue21, Inc. (NASDAQ:RUE): Apparel Stores Industry. Market cap of $805.96M. EPS growth over the last five years at 19.08% vs. industry average at 3.52%. EPS projected to grow by 23.% over the next five years, vs. an industry average at 14.75%. Revenue grew by 12.1% over the past five years vs. an industry average at 5.54%. The company has boosted capital spending by 10.66% over the last five years, vs. the industry average of -7.95%. Five year average cashflow growth at 17.5% vs. an industry average at 3.97%. SMA50 at $29.47 vs. SMA200 at $29.41 (current price at $32.00). Short float at 11.04%, which implies a short ratio of 16.07 days. The stock has gained 10.87% over the last year.

8. Volterra Semiconductor Corporation (NASDAQ:VLTR): Semiconductor Industry. Market cap of $708.29M. EPS growth over the last five years at 15.39% vs. industry average at 7.24%. EPS projected to grow by 19.% over the next five years, vs. an industry average at 14.75%. Revenue grew by 19.02% over the past five years vs. an industry average at 7.19%. The company has boosted capital spending by 12.99% over the last five years, vs. the industry average of -1.78%. Five year average cashflow growth at 17.72% vs. an industry average at 4.49%. SMA50 at $22.89 vs. SMA200 at $22.88 (current price at $26.51). Short float at 8.12%, which implies a short ratio of 4.59 days. The stock has gained 47.68% over the last year.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: Eight Breakout Stocks With Excellent Growth Prospects