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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).

All of these stocks have conservative accounting practices, according to the ratings developed by forensic accounting firm Audit Integrity.

Audit Integrity was founded in 2002 to develop risk management tools based on a statistical analysis of corporate integrity. The Accounting and Governance Risk (AGR) rating is a forensic measure of the transparency and reliability of a corporation’s financial reporting and governance practices. The closer the score is to 100, the more conservative the company's accounting practices, according to Audit Integrity.

All the companies in this list have high AGR scores above 70, i.e. more conservative and transparent accounting practices than most other firms.

Short float values sourced from Finviz, AGR ratings sourced from Audit Integrity.

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 by the AGR score.

1. Cbeyond, Inc. (CBEY): Diversified Communication Services Industry. Market cap of $489.89M. SMA50 at $14.16 vs. SMA200 at $14.02 (current price at $15.89). According to Audit Integrity, the company has Conservative accounting practices, with an AGR score of 97. Short float at 14.68%, which implies a short ratio of 31.65 days. The stock has gained 13.42% over the last year.

2. Eagle Materials Inc. (EXP): Cement Industry. Market cap of $1.26B. SMA50 at $26.90 vs. SMA200 at $26.20 (current price at $28.55). According to Audit Integrity, the company has Conservative accounting practices, with an AGR score of 95. Short float at 10.57%, which implies a short ratio of 12.56 days. The stock has gained 15.12% over the last year.

3. Old National Bancorp. (ONB): Regional Bank. Market cap of $1.04B. SMA50 at $10.97 vs. SMA200 at $10.85 (current price at $11.98). According to Audit Integrity, the company has Conservative accounting practices, with an AGR score of 95. Short float at 6.29%, which implies a short ratio of 9.59 days. The stock has gained 1.7% over the last year.

4. Werner Enterprises Inc. (WERN): Trucking Industry. Market cap of $1.72B. SMA50 at $22.32 vs. SMA200 at $22.05 (current price at $23.7). According to Audit Integrity, the company has Conservative accounting practices, with an AGR score of 95. Short float at 8.74%, which implies a short ratio of 4.99 days. The stock has gained 11.03% over the last year.

5. Whitney Holding Corp. (WTNY): Regional Bank. Market cap of $1.32B. SMA50 at $11.10 vs. SMA200 at $10.18 (current price at $13.68). According to Audit Integrity, the company has Conservative accounting practices, with an AGR score of 95. Short float at 8.3%, which implies a short ratio of 7.18 days. The stock has gained 26.32% over the last year.

6. Warner Music Group Corp. (WMG): Entertainment Industry. Market cap of $794.89M. SMA50 at $5.36 vs. SMA200 at $5.36 (current price at $5.13). According to Audit Integrity, the company has Conservative accounting practices, with an AGR score of 91. Short float at 4.09%, which implies a short ratio of 24.06 days. The stock has lost -0.39% over the last year.

7. Chemical Financial Corp. (CHFC): Regional Bank. Market cap of $626.73M. SMA50 at $21.76 vs. SMA200 at $21.55 (current price at $22.84). According to Audit Integrity, the company has Conservative accounting practices, with an AGR score of 89. Short float at 2.57%, which implies a short ratio of 14.36 days. The stock has gained 6.73% over the last year.

8. AngioDynamics Inc. (ANGO): Medical Instruments & Supplies Industry. Market cap of $421.98M. SMA50 at $15.21 vs. SMA200 at $15.14 (current price at $16.92). According to Audit Integrity, the company has Conservative accounting practices, with an AGR score of 86. Short float at 2.98%, which implies a short ratio of 8.2 days. The stock has lost -1.74% over the last year.

9. Fulton Financial Corp. (FULT): Regional Bank. Market cap of $2.13B. SMA50 at $9.56 vs. SMA200 at $9.54 (current price at $10.73). According to Audit Integrity, the company has Conservative accounting practices, with an AGR score of 86. Short float at 3.74%, which implies a short ratio of 6.53 days. The stock has gained 13.85% over the last year.

10. Pool Corp (POOL): Sporting Goods Industry. Market cap of $1.17B. SMA50 at $22.23 vs. SMA200 at $21.87 (current price at $23.55). According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 85. Short float at 9.55%, which implies a short ratio of 17.81 days. The stock has gained 22.15% over the last year.

11. International Bancshares Corp. (IBOC): Regional Bank. Market cap of $1.41B. SMA50 at $19.28 vs. SMA200 at $18.63 (current price at $20.78). According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 83. Short float at 8.41%, which implies a short ratio of 22.94 days. The stock has gained 4.74% over the last year.

12. Volterra Semiconductor Corporation (VLTR): Semiconductor Industry. Market cap of $711.25M. SMA50 at $22.89 vs. SMA200 at $22.88 (current price at $26.47). According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 82. Short float at 8.12%, which implies a short ratio of 4.59 days. The stock has gained 46.49% over the last year.

13. Chico's FAS Inc. (CHS): Apparel Stores Industry. Market cap of $1.94B. SMA50 at $11.55 vs. SMA200 at $11.21 (current price at $10.9). According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 81. Short float at 5.17%, which implies a short ratio of 2.36 days. The stock has lost -19.73% over the last year.

14. Masco Corporation (MAS): Lumber, Wood Production Industry. Market cap of $4.89B. SMA50 at $12.28 vs. SMA200 at $12.20 (current price at $13.64). According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 81. Short float at 5.26%, which implies a short ratio of 3.92 days. The stock has lost -9.37% over the last year.

15. CareFusion Corporation (CFN): Medical Instruments & Supplies Industry. Market cap of $5.84B. SMA50 at $24.35 vs. SMA200 at $24.30 (current price at $26.21). According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 78. Short float at 1.6%, which implies a short ratio of 1.56 days. The stock has gained 0.61% over the last year.

16. Boyd Gaming Corp. (BYD): Resorts & Casinos Industry. Market cap of $1.03B. SMA50 at $10.01 vs. SMA200 at $9.59 (current price at $11.94). According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 77. Short float at 33.43%, which implies a short ratio of 6.98 days. The stock has gained 35.37% over the last year.

17. The McClatchy Company (MNI): Newspapers Industry. Market cap of $471.53M. SMA50 at $4.07 vs. SMA200 at $4.02 (current price at $5.55). According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 76. Short float at 30.5%, which implies a short ratio of 19.83 days. The stock has gained 3.93% over the last year.

18. Hancock Holding Co. (HBHC): Regional Bank. Market cap of $1.24B. SMA50 at $33.54 vs. SMA200 at $33.40 (current price at $33.66). According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 74. Short float at 6.42%, which implies a short ratio of 9.28 days. The stock has lost -23.66% over the last year.

19. Harsco Corporation (HSC): Steel & Iron Industry. Market cap of $2.58B. SMA50 at $26.48 vs. SMA200 at $25.58 (current price at $32.06). According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 73. Short float at 3.05%, which implies a short ratio of 3.21 days. The stock has lost -5.18% over the last year.

Source: Top 19 Breakout Stocks With Conservative Accounting Practices