Neogen Corp. (NEOG +$1.00 or +2.91% to $35.31) posted a considerable gain today with near average volume, hitting another new all-time high. An upward trendline connecting its August - October lows defines an initial support level to watch. Below that, its 50-day moving average line and prior highs in the $30 area coincide and define chart support.  Since its last appearance in this FSU section on 8/20/10 under the headline "Healthy Consolidation May Offer Secondary Buy Point" it has gotten extended from its prior highs.

NEOG has a history of steady annual earnings growth (A criteria). The 3 most recent quarterly comparisons have shown accelerating sales revenues growth with earnings per share increases above the investment system's +25% guideline. If shares purchased at higher levels ever turn into losses, remember to always limit losses per the 7-8% sell rule, and never hold a stock if it falls more than that much from your purchase price. Years ago, this stock was first featured on Thursday, February 21, 2008 in the CANSLIM.net Mid Day Breakouts Report (read here) and it was later dropped from the Featured Stocks list.