Lumber Liquidators Hldgs (LL -0.12 or -0.38% to $31.87) traded up to new all-time high today, but it erased the whole gain and closed near the session low for a worrisome "negative reversal" and small loss with heavy volume. The action was indicative of distributional pressure, as selling offset any new buying efforts.  Patient investors might watch for a chance to accumulate shares on light volume pullbacks, rather than chasing it more than +5% above its old highs or pivot point.  Sequentially is quarterly comparisons show accelerating sales revenues and earnings +40% and +47% in the Sep and Dec '09 quarterly comparisons, respectively, versus the year ago periods. It is due to report earnings before the open on Wednesday, 4/28/10.

LL quickly got extended beyond the "max buy" guideline used by disciplined investors after it was recently featured at $29.87 in the 4/22/10 the mid-day report (read here) with a timely note as it was - "rising from an orderly cup shaped pattern (without a proper handle) formed since last noted on 12/17/09. It rallied steadily after a 'breakaway gap' on 8/05/09 helped it clear stubborn resistance in the $17 area. Quarterly sales and earnings increases have recently shown encouraging acceleration while growth rates have previously been noted as below the investment system's guidelines."  The number of top-rated funds owning its shares rose from 25 in Dec '09 to 53 in Mar '10, an encouraging sign concerning the I criteria of the fact-based system.