50-Day Moving Average Line Acted As Solid Support Level
Monday, December 06, 2010 - CANSLIM.net

Neogen Corp. (NEOG +$0.16 or +0.42% to $38.11) is holding its ground stubbornly near all-time highs, extended from any sound base after steadily advancing. Since its last appearance in this FSU section on 10/13/10 under the headline "Leader Hits Another All-Time High" its 50-day moving average (DMA) line has been a reliable support level when consolidating. NEOG has a history of steady annual earnings growth (A criteria). The 4 most recent quarterly comparisons have shown accelerating sales revenues growth with earnings per share increases above the investment system's +25% guideline.  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.


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