Neogen Corp. (NEOG +$1.00 or +3.76% to $27.59) closed at the session high today with a solid gain on nearly 2 times average volume after featured in yellow the mid-day report (read here). Since last noted in the mid-day report on 6/18/10 it has been churning near all-time highs. The pivot point cited is based upon its June 3, 2010 high plus ten cents.  Its brief rally above that mark on 6/28/10 lacked volume and then it endured distributional pressure. Now it faces no resistance due to overhead supply. NEOG has a history of steady annual earnings growth (A criteria). The 2 most recent quarterly comparisons have shown improving sales revenues growth with earnings per share increases above the investment system's +25% guideline. The stock is still building a long flat base and should remain on an active watch list until the stock triggers a fresh technical buy signal. 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.