In recent weeks an increasing number of leading stocks setting up and breaking of solid bases have been highlighted in the CANSLIM.net Mid-Day Breakouts Report.  The most relevant factors are briefly noted in the report which allows disciplined investors to place the issue in their custom watch list and receive subsequent notes directly via email immediately when they are published (click the "Alert me of new notes" link). More detailed analysis is published soon after a stock's initial appearance in yellow once any new candidates are added to the Featured Stocks list.  Letter-by-letter details concerning strengths or shortcomings of the company in respect to key fundamental criteria of the investment system appear along with annotated datagraphs highlighting technical chart patterns in the Featured Stock Update (FSU) section included in the CANSLIM.net After Market Update each day.

Lululemon Athletica (LULU +$2.26 or +4.99% to $47.48) rallied to a new 52-week high with +117% above average volume. This high-ranked Retail - Apparel/Shoes/Accessories firm is new clear of any resistance due to overhead supply. Its color code was changed to yellow as it was featured in today's mid-day report (read here) with its pivot point based on its 52-week high plus ten cents. We observed that, technically, its 9/28/10 gain with above average volume helped it clear a big "double bottom" type base and trigger an earlier buy signal, followed by a quiet consolidation. The 4 latest quarterly comparisons showed strong sales revenues and impressive earnings increases (C criteria), and it maintained a good annual earnings history (A criteria) despite a patch of negative comparisons in early '09.