M W I Veterinary Supply (MWIV -$1.47 or -2.72% to $52.66) gapped down today then rebounded and touched new high territory. However, it ultimately finished the session near its pivot point with a loss on heavy volume, encountering distributional pressure. It was featured in the 7/29/10 mid-day report (read here). No overhead supply remains to act as resistance after hitting a new 52-week high with its strong close above the pivot point cited (based on its 5/17/10 high plus ten cents) backed by +72% above average volume triggering a buy signal. Its weekly chart has bullish characteristics and little signs of distribution throughout the past year. It has a good annual earnings (A criteria) history, and the latest quarter ended June 30, 2010 showed more impressive sales and earnings acceleration after prior earnings comparisons showed improvement above the guidelines of the fact-based investment system. Its small supply (S criteria) of only 12.3 million shares outstanding could contribute to greater volatility in the event of institutional buying or selling. An earlier breakout attempt in July failed after its gains above its May highs lacked great volume conviction.  Although it briefly slumped under its 50-day moving average line, it found impressive support near prior chart lows in the $45-46 area.