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AFTER MARKET UPDATE - TUESDAY, DECEMBER 21ST, 2010
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Indices NYSE Nasdaq
DOW  +55.03 11,533.16 +0.48% Volume 810,516,700 -2% Volume 1,673,212,104 -3%
NASDAQ +18.05 2,667.61 +0.68% Advancers 2,078 67% Advancers 1,928 69%
S&P 500 +7.52 1,254.60 +0.60% Decliners 945 30% Decliners 730 26%
Russell 2000 +8.22 790.52 +1.05% 52 Wk Highs 256   52 Wk Highs 210  
S&P 600 +4.13 420.10 +0.99% 52 Wk Lows 40   52 Wk Lows 24  

Major Averages Hit New 2010 Highs

Holiday cheer is spreading on Wall Street as the averages ended unanimously higher on Tuesday.  Volume totals cooled from the prior session's totals, suggesting that there was no great pick up in buying demand from the institutional crowd, however, while advancing issues beat decliners by more than 2-1 on the NYSE and by 5-2 on the Nasdaq. A solid total of 100 high-ranked companies from the CANSLIM.net Leaders List made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, up from the total of 93 issues on the prior session. New 52-week highs solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. Of the 28 high-ranked leaders currently listed on the Featured Stocks Page, the best gainer was Brazilian beer and soda firm Comp De Bebidas (ABV +4.69%) which gapped up and traded +38% above average volume while it rallied to a new high.

 

The Dow and Nasdaq reached new highs for 2010, and the S&P 500 closed at its highest since the Lehman Brothers bankruptcy in 2008. Financial stocks led the advance as a banking deal lifted hopes for more acquisitions. Toronto-Dominion Bank (TD +3.5%) rose after agreeing to buy Chrysler Financial for $6.3 billion. This marked the second Canadian bank to announce a deal for a U.S. institution in the last week.

Earnings were also well received. Jabil Circuit Inc (JBL +10.7%) beat expectations and raised its forecasts. Adobe Systems Inc (ADBE +6.0%) also boosted its profit forecast. Cruise line operator Carnival Corp (CCL +4.5%) also predicted improved earnings as ticket prices strengthened. Retail stocks lifted as sales continued to impress. Amazon.com may sell 60% more Kindle readers than analysts expected this holiday season.

PICTURED: The Dow Jones Industrial Average broke through a stubborn technical barrier as it closed above 11,500 and hit a new 2010 high. 


Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.

Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities.


Financial Groups Provide Important Leadership Among Group Gainers

Financial shares' influential gains helped underpin the major averages' rally as the Broker/Dealer Index ($XBD +1.78%) and Bank Index ($BKX +1.87%) were among Tuesday's best group gainers.  Energy-related shares were on the rise and boosted the Integrated Oil Index ($XOI +1.18%) and Oil Services Index ($OSX +0.65%).  Gold & Silver Index ($XAU +0.15%) and Biotechnology Index ($BTK -0.23%) were among the laggards while the Retail Index ($RLX +0.32%) and Healthcare Index ($HMO +0.40%) showed further improvement.  The  tech sector saw modest gains from the Networking Index ($NWX +0.36%), Semiconductor Index ($SOX +0.66%), and Internet Index ($IIX +0.81%).

Charts courtesy www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD +1.78%) was a standout gainer today, rallying toward its 2009 and 2010 highs.  When it was shown in the 12/13/10 commentary, the golden cross which had recently occurred was identified as a bullish indicator. Financial stocks are considered an important leading indicator, so their resumed strength following the weakness they endured this summer is an encouraging technical development.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  242.08 +1.57 +0.65% +24.19%
Healthcare $HMO  1,685.60 +6.67 +0.40% +14.44%
Integrated Oil $XOI  1,185.59 +13.88 +1.18% +10.99%
Semiconductor $SOX  412.96 +2.72 +0.66% +14.74%
Networking $NWX  282.01 +1.01 +0.36% +22.05%
Internet $IIX  313.22 +2.51 +0.81% +33.93%
Broker/Dealer $XBD  120.63 +2.11 +1.78% +4.85%
Retail $RLX  512.35 +1.62 +0.32% +24.62%
Gold & Silver $XAU  220.80 +0.34 +0.15% +31.23%
Bank $BKX  51.28 +0.94 +1.87% +20.07%
Biotech $BTK  1,296.23 -3.02 -0.23% +37.58%


New High Close After Recent Confirming Gains

M W I Veterinary Supply (MWIV +$0.76 or +1.20% to $64.15) has rallied further on lighter volume after a confirming gain on 12/17/10 with 3 times average volume for a new high close.  The gain reconfirmed bullish action it showed in recent weeks after it found support above its 50-day moving average (DMA) line, a reassuring sign of solid support from the institutional (I criteria) crowd. It may deserve the benefit of the doubt in a bullish market environment (M criteria), but disciplined investors might be on the lookout for candidates that more solidly satisfy all key criteria.

Volume totals had been drying up since hitting its all-time high on 11/04/10 which was a "breakaway gap" shortly after its last appearance in this FSU section on 11/02/10 with detailed analysis and an annotated graph under the headline "Distributional Action While Consolidating Above 50 Day Average".  It has a good annual earnings (A criteria) history, and the latest quarter ended September 30, 2010 showed more impressive sales revenues acceleration as it reported +34% earnings on +45% sales revenues versus the year ago period. Its small supply (S criteria) of only 12.5 million shares outstanding could contribute to greater volatility in the event of institutional buying or selling.

Some may consider the recent 6-week consolidation as a new base, and might suggest that volume-driven gains above its prior highs could be considered a new (or add-on) technical buy signal yet again. We chose not to identify a new pivot point because MWIV has struggled to make meaningful progress in recent weeks after its earlier breakout was identified. Its Relative Strength line (the jagged blue line) did not recently lead the way by surging to new high territory first, while seeing the RS line rise to new highs first is considered a more favorable characteristic among big market winners.  Additional concerns remain due to rather tame Street estimates for its FY '11 and FY '12 earnings. Also,its Group RS Rating has also slumped to a D- and this shows that leadership in the Medical - Wholesale Drugs/Supplies group has not been improving.


Color Codes Explained :
Y - Better candidates highlighted by our staff of experts.
G - Previously featured in past reports as yellow but may no longer be buyable under the guidelines.

***Last / Change / Volume data in this table is the closing quote data***
Symbol/Exchange
Company Name
Industry Group
PRICE CHANGE
(%Change)
Day High Volume
(% DAV)
(% 50 day avg vol)
52 Wk Hi
% From Hi
Featured
Date
Price
Featured
Pivot Featured
Max Buy
ABV - NYSE
Comp De Bebidas Adr
FOOD and BEVERAGE - Beverages - Brewers  
$152.90 +6.85
4.69%

$153.79

832,167
138.14% of 50 DAV
50 DAV is 602,400
$147.92
3.37%
12/10/2010 $139.87 PP = $145.46
MB = $152.73
Most Recent Note - 12/21/2010 2:28:00 PM
Y - Gapped up today for a considerable gain and new all-time high, yet volume is not particularly heavy. As previously noted - "A gain into new high territory with great volume conviction may trigger a new (or add-on) buy signal. Recent lows in the $133 area define important chart support to watch."
>>> The latest Featured Stock Update with an annotated graph appeared on 12/3/2010. Click here.

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ARUN - NASDAQ
Aruba Networks Inc
COMPUTER HARDWARE - Networking andamp; Communication Dev  
$22.58 +0.09
0.40%

$22.76

2,049,278
83.35% of 50 DAV
50 DAV is 2,458,600
$24.28
-7.00%
8/30/2010 $18.12 PP = $18.51
MB = $19.44
Most Recent Note - 12/17/2010 5:17:30 PM
G - Perched -8% off its 52-week high, consolidating near its 50 DMA line and an upward trendline. See the latest FSU analysis for more details and an annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 12/14/2010. Click here.

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BIDU - NASDAQ
Baidu Inc Ads
INTERNET - Internet Information Providers  
$101.25 +2.46
2.49%

$101.50

8,025,813
72.86% of 50 DAV
50 DAV is 11,015,800
$115.04
-11.99%
12/10/2010 $108.00 PP = $115.14
MB = $120.90
Most Recent Note - 12/21/2010 6:43:20 PM
G - Small gain on lighter volume today after a positive reversal on the prior session. A rebound above its 50 DMA line and prior low ($103.11 on 11/16/10) could help its outlook improve, but meanwhile it faces resistance due to months of overhead supply and the path of least resistance may lead to a deeper consolidation toward its 200 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/30/2010. Click here.

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CACC - NASDAQ
Credit Acceptance Corp
FINANCIAL SERVICES - Credit Services  
$61.55 +0.21
0.34%

$61.60

9,737
43.08% of 50 DAV
50 DAV is 22,600
$63.45
-2.99%
11/22/2010 $59.97 PP = $62.00
MB = $65.10
Most Recent Note - 12/20/2010 6:17:50 PM
Y - Still hovering in a very tight range only -3.3% off its 52-week high. See the latest FSU analysis for details and an annotated graph..
>>> The latest Featured Stock Update with an annotated graph appeared on 12/20/2010. Click here.

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CIS - NYSE
Camelot Info Systems Ads
COMPUTER SOFTWARE andamp; SERVICES - Information Technology Service  
$23.40 -0.71
-2.94%

$24.45

558,015
144.30% of 50 DAV
50 DAV is 386,700
$24.89
-5.99%
11/26/2010 $18.93 PP = $19.72
MB = $20.71
Most Recent Note - 12/21/2010 6:39:22 PM
G - Volume was above average as it lost ground today. After damaging distribution days and a Secondary Offering it recently found support near prior highs in the $19.50 area.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/26/2010. Click here.

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Symbol/Exchange
Company Name
Industry Group
PRICE CHANGE
(%Change)
Day High Volume
(% DAV)
(% 50 day avg vol)
52 Wk Hi
% From Hi
Featured
Date
Price
Featured
Pivot Featured
Max Buy
CMG - NYSE
Chipotle Mexican Grill
LEISURE - Restaurants  
$234.36 -1.74
-0.74%

$237.70

645,726
60.37% of 50 DAV
50 DAV is 1,069,700
$262.78
-10.81%
9/1/2010 $158.31 PP = $155.52
MB = $163.30
Most Recent Note - 12/17/2010 7:37:38 PM
Y - Color code is changed to yellow after its pulllback to its 10-week moving average, but a new pivot point is not cited as it has not formed a sound new base. See the latest FSU section analysis for details and an annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 12/17/2010. Click here.

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DECK - NASDAQ
Deckers Outdoor Corp
CONSUMER NON-DURABLES - Textile - Apparel Footwear  
$87.02 +0.56
0.65%

$87.44

1,305,027
71.49% of 50 DAV
50 DAV is 1,825,400
$87.88
-0.98%
10/27/2010 $54.16 PP = $54.86
MB = $57.60
Most Recent Note - 12/17/2010 5:38:31 PM
G - Gapped up today, hit a new all-time high and closed near the session high with a solid gain backed by +43% above average volume. Its consolidation was a bit short to be considered a "3-weeks tight" type pattern, so its color code remains green and a new pivot point was not cited. See the latest FSU analysis for details and an annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 12/16/2010. Click here.

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EZCH - NASDAQ
Ezchip Semiconductor Ltd
ELECTRONICS - Semiconductor - Specialized  
$28.54 +0.27
0.96%

$29.09

309,854
112.88% of 50 DAV
50 DAV is 274,500
$29.73
-4.00%
12/2/2010 $27.53 PP = $26.00
MB = $27.30
Most Recent Note - 12/17/2010 5:40:21 PM
G - This week it spent some time dipping under its "max buy" level while consolidating above prior chart highs in the $26 area that define an important technical support level to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 12/2/2010. Click here.

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EZPW - NASDAQ
Ezcorp Inc Cl A
SPECIALTY RETAIL - Specialty Retail, Other  
$28.28 +0.97
3.55%

$28.28

380,477
110.35% of 50 DAV
50 DAV is 344,800
$28.27
0.04%
11/5/2010 $24.02 PP = $23.85
MB = $25.04
Most Recent Note - 12/21/2010 4:45:34 PM
G - Hit and closed at a new 52-week high today with a solid gain on average volume. Recently noted - "Stubbornly holding its ground after recent volume-driven gains, extended from a sound base pattern. Its 50 DMA line defines important support."
>>> The latest Featured Stock Update with an annotated graph appeared on 11/6/2010. Click here.

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FFIV - NASDAQ
F 5 Networks Inc
INTERNET - Internet Software and Services  
$136.64 +1.04
0.77%

$136.98

1,726,591
54.70% of 50 DAV
50 DAV is 3,156,600
$143.75
-4.95%
6/16/2010 $74.50 PP = $74.10
MB = $77.81
Most Recent Note - 12/17/2010 5:43:11 PM
G - Gain today with heavier volume after halting its slide on the prior session. Repeatedly noted as extended from any sound base pattern. Its 50 DMA line defines chart support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/15/2010. Click here.

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Symbol/Exchange
Company Name
Industry Group
PRICE CHANGE
(%Change)
Day High Volume
(% DAV)
(% 50 day avg vol)
52 Wk Hi
% From Hi
Featured
Date
Price
Featured
Pivot Featured
Max Buy
FOSL - NASDAQ
Fossil Inc
CONSUMER DURABLES - Recreational Goods, Other  
$73.03 +1.16
1.61%

$73.37

550,676
68.68% of 50 DAV
50 DAV is 801,800
$74.34
-1.76%
11/26/2010 $69.10 PP = $70.17
MB = $73.68
Most Recent Note - 12/17/2010 5:44:07 PM
Y - It has been consolidating above prior highs after a technical breakout on 12/02/10 from an advanced "3-weeks tight" pattern.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/29/2010. Click here.

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HMSY - NASDAQ
H M S Holdings Corp
COMPUTER SOFTWARE and SERVICES - Healthcare Information Service  
$65.80 +0.12
0.18%

$66.20

87,052
42.01% of 50 DAV
50 DAV is 207,200
$67.01
-1.81%
11/19/2010 $61.89 PP = $63.01
MB = $66.16
Most Recent Note - 12/17/2010 5:45:51 PM
G - Rallied with higher volume today after a pullback near prior highs in the $62 that define initial chart support to watch above its 50 DMA line. Its Relative Strength rank has slumped to 74, below the 80+ guideline.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/19/2010. Click here.

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HS - NYSE
Healthspring Inc
HEALTH SERVICES - Health Care Plans  
$26.59 -0.11
-0.41%

$27.07

366,132
62.78% of 50 DAV
50 DAV is 583,200
$29.80
-10.77%
8/27/2010 $19.91 PP = $19.75
MB = $20.74
Most Recent Note - 12/17/2010 5:50:17 PM
G - It rebounded to close near the session high today after an intra-day violation of its recent low ($26.47 on 11/29/10) raised greater concerns and triggered a more worrisome technical sell signal. Gains above its 50 DMA line are needed for its outlook to improve. Meanwhile its short-term average may act as resistance.

>>> The latest Featured Stock Update with an annotated graph appeared on 12/10/2010. Click here.

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JOBS - NASDAQ
Fifty One Job Inc Ads
DIVERSIFIED SERVICES - Staffing and; Outsourcing Service  
$50.47 +1.09
2.21%

$51.04

196,293
98.89% of 50 DAV
50 DAV is 198,500
$55.50
-9.06%
10/13/2010 $42.07 PP = $40.60
MB = $42.63
Most Recent Note - 12/21/2010 6:46:05 PM
G - Posted a small gain today with average volume. Recent losses violated a steep upward trendline defining initial support to watch, yet it remains above its 50 DMA line while it is extended from any sound base. It recently appeared ready to challenge its all-time high near $55 from 2004.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/16/2010. Click here.

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LULU - NASDAQ
Lululemon Athletica
MANUFACTURING - Textile Manufacturing  
$73.51 +0.34
0.46%

$73.82

1,231,010
74.27% of 50 DAV
50 DAV is 1,657,400
$74.60
-1.46%
10/8/2010 $47.66 PP = $46.67
MB = $49.00
Most Recent Note - 12/17/2010 5:55:59 PM
G - Gain today for another new all-time high and a strong close. Since blasting above its 2007 high it has gotten very extended from any sound base.
>>> The latest Featured Stock Update with an annotated graph appeared on 12/1/2010. Click here.

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Symbol/Exchange
Company Name
Industry Group
PRICE CHANGE
(%Change)
Day High Volume
(% DAV)
(% 50 day avg vol)
52 Wk Hi
% From Hi
Featured
Date
Price
Featured
Pivot Featured
Max Buy
MWIV - NASDAQ
M W I Veterinary Supply
HEALTH SERVICES - Medical Instruments and; Supplies  
$64.15 +0.76
1.20%

$64.19

47,880
80.34% of 50 DAV
50 DAV is 59,600
$64.61
-0.71%
11/4/2010 $61.79 PP = $59.60
MB = $62.58
Most Recent Note - 12/21/2010 6:36:26 PM
G - Recent gain with above average volume reconfirmed bullish action it showed earlier. See the latest FSU section analysis for details and an annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 12/21/2010. Click here.

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NEOG - NASDAQ
Neogen Corp
DRUGS - Diagnostic Substances  
$41.10 +0.05
0.12%

$41.55

116,502
144.72% of 50 DAV
50 DAV is 80,500
$41.96
-2.05%
9/1/2010 $30.79 PP = $30.49
MB = $32.01
Most Recent Note - 12/21/2010 6:37:40 PM
G - Hovering near all-time highs, extended from any sound base after steadily advancing. Its 50 DMA line has been a reliable support level.
>>> The latest Featured Stock Update with an annotated graph appeared on 12/6/2010. Click here.

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NFLX - NASDAQ
Netflix Inc
SPECIALTY RETAIL - Music and Video Stores  
$186.24 +8.19
4.60%

$185.00

5,801,112
94.06% of 50 DAV
50 DAV is 6,167,700
$206.80
-9.94%
11/9/2010 $173.10 PP = $184.84
MB = $194.08
Most Recent Note - 12/21/2010 2:31:35 PM
G - Gain today without great volume conviction while consolidating just above its 50 DMA line. Concerns were raised after recent negative reversals and noted distributional pressure, and it violated an upward trendline connecting its July - November lows.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/24/2010. Click here.

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NTAP - NASDAQ
Netapp Inc
COMPUTER HARDWARE - Data Storage Devices  
$55.31 -0.04
-0.07%

$56.00

3,064,609
48.49% of 50 DAV
50 DAV is 6,319,900
$57.96
-4.57%
9/8/2010 $46.98 PP = $44.99
MB = $47.24
Most Recent Note - 12/20/2010 3:13:43 PM
G - Gapped up today after an analyst upgrade, still consolidating above its 50 DMA line and working on a new base. Recent chart lows define support to watch below that important short-term average line.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/3/2010. Click here.

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ORCL - NASDAQ
Oracle Corp
COMPUTER SOFTWARE and SERVICES - Application Software  
$31.76 +0.09
0.27%

$32.00

20,000,551
61.78% of 50 DAV
50 DAV is 32,372,300
$32.27
-1.58%
12/7/2010 $29.05 PP = $29.92
MB = $31.42
Most Recent Note - 12/20/2010 3:19:38 PM
G - Rising its "max buy" level and poised today for its best close of 2010. After its prior gain with volume nearly 3 times average its color code was changed to green. On 12/17/10 it gapped up after reporting earnings +31% on +47% sales revenues for the quarter ended November 30, 2010 versus the year ago period.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/18/2010. Click here.

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Symbol/Exchange
Company Name
Industry Group
PRICE CHANGE
(%Change)
Day High Volume
(% DAV)
(% 50 day avg vol)
52 Wk Hi
% From Hi
Featured
Date
Price
Featured
Pivot Featured
Max Buy
PAY - NYSE
Verifone Systems Inc
COMPUTER HARDWARE - Transaction Automation Systems  
$39.27 +0.00
0.00%

$39.72

1,416,753
94.72% of 50 DAV
50 DAV is 1,495,800
$41.47
-5.31%
11/29/2010 $33.96 PP = $36.04
MB = $37.84
Most Recent Note - 12/20/2010 4:31:46 PM
G - Closed near the session low with its 4th consecutive loss, consolidating -5.3% off its all-time high. Prior high in the $36 area defines initial chart support to watch above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 12/15/2010. Click here.

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RAX - NYSE
Rackspace Hosting Inc
INTERNET - Internet Software and; Services  
$31.34 +0.36
1.16%

$31.58

827,798
42.77% of 50 DAV
50 DAV is 1,935,400
$32.69
-4.13%
9/21/2010 $22.84 PP = $23.61
MB = $24.79
Most Recent Note - 12/20/2010 3:24:51 PM
G - After a new high close, today's loss is erasing the prior session's gain. Hovering near its all-time high, no resistance remains due to overhead supply, but it is extended from any sound base.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/17/2010. Click here.

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ROVI - NASDAQ
Rovi Corp
COMPUTER SOFTWARE andamp; SERVICES - Security Software andamp; Services  
$57.76 +0.72
1.26%

$57.43

444,180
41.22% of 50 DAV
50 DAV is 1,077,600
$58.68
-1.57%
10/29/2010 $49.99 PP = $53.10
MB = $55.76
Most Recent Note - 12/17/2010 6:12:31 PM
G - Small loss today with heavy volume was a sign of distributional pressure. It is extended from its latest base after wedging to highs without great volume conviction. Prior chart highs and its 50 DMA line define important support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 12/13/2010. Click here.

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SHOO - NASDAQ
Steven Madden Limited
CONSUMER NON-DURABLES - Textile - Apparel Footwear  
$46.15 +1.16
2.58%

$46.14

234,011
64.17% of 50 DAV
50 DAV is 364,700
$47.69
-3.23%
11/23/2010 $44.61 PP = $44.95
MB = $47.20
Most Recent Note - 12/21/2010 2:33:52 PM
G - Gain today without great volume conviction helps it rebound further above its old high closes. Found prompt support near its 50 DMA line again recently.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/23/2010. Click here.

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SLW - NYSE
Silver Wheaton Corp
METALS and; MINING - Silver  
$37.65 -0.20
-0.53%

$38.00

6,118,067
58.91% of 50 DAV
50 DAV is 10,385,800
$42.34
-11.08%
8/25/2010 $21.40 PP = $21.99
MB = $23.09
Most Recent Note - 12/20/2010 3:22:07 PM
G - Small gain today with light volume is following losses last week with above average volume which were noted as indicative distributional pressure. Repeatedly noted as extended from any sound base, consolidating after a negative reversal at an all-time high on 12/07/10. Prior chart highs in the $36-37 area define initial support well above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 12/8/2010. Click here.

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Symbol/Exchange
Company Name
Industry Group
PRICE CHANGE
(%Change)
Day High Volume
(% DAV)
(% 50 day avg vol)
52 Wk Hi
% From Hi
Featured
Date
Price
Featured
Pivot Featured
Max Buy
UA - NYSE
Under Armour Inc Cl A
CONSUMER NON-DURABLES - Textile - Apparel Clothing  
$57.40 +0.17
0.30%

$57.48

408,118
54.75% of 50 DAV
50 DAV is 745,400
$60.14
-4.56%
9/9/2010 $39.99 PP = $40.10
MB = $42.11
Most Recent Note - 12/17/2010 6:22:43 PM
G - Gains on near average volume halted its slide after considerable losses with heavier volume this week were noted as distributional pressure. The high-ranked Apparel - Clothing firm was repeatedly noted as extended from any sound base and well above support at its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/4/2010. Click here.

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ULTA - NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other  
$33.41 +0.38
1.15%

$33.59

298,762
51.99% of 50 DAV
50 DAV is 574,700
$37.24
-10.28%
9/3/2010 $26.36 PP = $25.89
MB = $27.18
Most Recent Note - 12/17/2010 6:24:13 PM
G - Down today on heavier volume, a sign of distributional pressure while slumping back toward its 50 DMA line which previously acted as support.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/1/2010. Click here.

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VIT - NYSE
Vanceinfo Tech Inc Ads
COMPUTER SOFTWARE and SERVICES - Business Software and Services  
$35.50 +0.22
0.62%

$35.87

363,947
54.56% of 50 DAV
50 DAV is 667,000
$41.06
-13.54%
7/8/2010 $25.20 PP = $26.58
MB = $27.91
Most Recent Note - 12/17/2010 6:25:55 PM
G - Small gains with light volume followed damaging losses and it remains below its 50 DMA line. Endured worrisome distributional pressure and its Relative Strength has slumped since it completed a Public Offering on 11/23/10.
>>> The latest Featured Stock Update with an annotated graph appeared on 12/9/2010. Click here.

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