Often, when a leading stock is setting up to breakout of a solid base it is highlighted in CANSLIM.net's Mid-Day Breakouts Report.  The most relevant factors are noted in the report which allows prudent CANSLIM oriented investors to place the issue in their watch list.  After doing any necessary backup research, the investor is prepared to act if and when the stock triggers a technical buy signal (breaks above its pivot point on more than +50% average turnover). In the event the stock fails to trigger a technical buy signal and its price declines then it will simply be removed from the watch list.

Comp De Bebidas Adr (ABV -$3.82 or -3.53% to $104.30) is a Brazil-based beverage firm that gapped down today. It was featured in yellow in the mid-day report (read here) with a note while - "perched near all-time highs after building an orderly base pattern and finding impressive support near its 200 DMA line in recent months. It has a great annual earnings (A criteria) history and its recent quarterly earnings and sales revenues increases have shown acceleration. A gain above its pivot point with heavy volume still needed to confirm a proper new technical buy signal." 

The stock ended with a loss on above average volume amid broader market (M criteria) weakness. By the end of the session the market again fell into a "correction", which means a new FTD is needed before any buying efforts may be justifiable under the investment system's guidelines.