Rovi Corp (ROVI +$0.13 or +0.35% to $37.68) posted a small gain today with below average volume. Since its last appearance with an annotated graph in this FSU section on 2/25/10 under the headline "High-Ranked Computer Software - Security Firm Perched Near Highs" the high-ranked Computer Software - Security firm triggered a technical buy signal with a high volume gain on 3/02/10. That was followed by a recent streak of 8 consecutive gains that included 3 consecutive gains into new high ground on heavy volume. Now it is extended from a sound base and trading above its "max buy" level, so disciplined investors would avoid chasing it and wait for another ideal time to accumulate shares. Meanwhile, prior chart highs in the $34 area define an important support level to watch on pullbacks.  

ROVI was featured in yellow with pivot point based upon its 10/09/09 high noted in the 2/25/10 mid-day report (read here).  Its subsequent breakout and ability to rally to a new 52-week high with at least +50% above average volume behind the gain may have signaled the beginning of a substantial advance. Earnings per share increases in 3 of the past 4 quarterly comparisons versus the year ago period showed better than +25% growth.