ArcSight, Inc. (ARST +$0.05 or +0.22% to $22.44) positively reversed after early losses led to a brief intra-day dip under its previously cited "max buy" level.  It has stubbornly held its ground near all-time highs after a consideable 5-fold rally from its November '08 low. It also has encountered very little distributional pressure since its latest breakout, and since its last appearance in this FSU section on 9/17/09 under the headline, "Healthy Post-Breakout Action".

Prior chart highs and its 50-day moving average (DMA) line closely coincide now as a very important support level to watch on pullbacks. Deterioration back into its prior base and under the 50 DMA line would raise concerns and trigger technical sell signals. Remember, disciplined investors avoid chasing stocks more than +5% above their pivot point, and always limit losses by selling whenever any stock falls 7-8% from their buy price. ARST was first featured in yellow at $19.91 in the 9/01/09 mid-day report with an annotated daily graph (read here) and it was also featured with more detailed analysis in the September 2009 CANSLIM.net News with an annotated weekly graph (read here).