Manger Craig Steury uses initial screening criteria to identify top performers and then reviews key indicators to choose equities for his Algorithmic Trading model. The model trades on a computerized system and utilizes short-term trading strategies. While it is no longer in the model, on December 20th he added shares of Tempur Pedic International Inc (NYSE: TPX) to his holdings. In October, TPX released its third quarter 2010 financial results. Their net sales were up 32 percent over the same quarter of the prior year and they had repurchased 1.8 million shares of common stock. On December 20th, TPX had a closing price of $39.57 with a low of $38.77 (according to Yahoo! Finance). On December 21st TPX rose to a closing price of $40.03 with a high of $40.23.
The Breakouts and Reversals model managed by Ronald Guerrini is the result of technical analysis combined with the analysis of trends and congestion patterns. The model generally has between three and eight holdings at a time and focuses mostly on NASDQ stocks. Each holding in the model generally presents the same risk level. This month, Guerrini added CF Industries Holdings Inc (NYSE: CF) to the model. This year, after announcing the pricing of a senior note offering, the company’s stock price fell. According to Yahoo! Finance, on April 20th—the day of the announcement—CF had a closing price of $87.28. The stock’s price went up slightly over the next few days, closing at $87.67 on April 22nd, but then fell, finally reaching $58.56 on June 8th. At that point, the price began to rise. Since then, CF’s stock price has continued to grow, although not without some temporary setbacks. On December 22nd, Yahoo! Finance reported that CF had a closing price of $128.83.
