Mid-Day Breakouts Report - Wednesday, February 2nd, 2011

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, FEBRUARY 2ND, 2011
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DOW 12047.73 7.57 (0.06%) | NASDAQ 2751.76 0.57 (0.02%) | S&P 500 1304.82 -2.77 (-0.21%)

Time of Screening : 2/2/2011 12:13:38 PM Report Released : 2/2/2011 1:41:18 PM
Price is: Above 52W High and Less Than 52W High but within 5% of the 52 Week High
Volume Is: At least 75% of 50 Day Average at the time of the screening.
More details about this report...

To View Current Notes and Data on currently Featured Stocks go to the latest
Featured Stocks Page

Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (50 DAV)	52 Wk Hi % From Hi	Date Featured	Price Featured	Pivot Point
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (50 DAV)	52 Wk Hi % From Hi	Date Featured	Price Featured	Max Buy
CRUS - NASDAQ Cirrus Logic Inc	$22.41	+1.08 5.06%	$22.66	3,004,956 88.76% of 50 DAV 50 DAV is 3,385,400	$22.66 -1.10%	1/28/2011	$20.69	PP = $19.17 MB = $20.13
Most Recent Note - 2/2/2011 12:46:09 PM G - Considerable gain today after a small gap up. Rising since the considerable breakout gain on 1/27/11 helped it technically break out from a bullish reverse-head-and-shoulders type pattern. Disciplined investors do not chase extended stocks that are up more than +5% above a proper pivot point. >>> The latest Featured Stock Update with an annotated graph appeared on 1/28/2011. Click here.
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RAX - NYSE Rackspace Hosting Inc	$36.00	+1.81 5.31%	$36.53	1,756,190 103.97% of 50 DAV 50 DAV is 1,689,200	$36.53 -1.44%	1/10/2011	$22.84	PP = $32.76 MB = $34.40
Most Recent Note - 2/2/2011 1:26:28 PM G - Up on higher volume today for a new all-time high. Found prompt support near its 50 DMA line recently after a 1/20/11 gap down completely negated its 1/11/11 technical breakout. Its recent low ($29.52 on 1/20/10) now defines important support to watch where subsequent violations would raise more serious concerns. >>> The latest Featured Stock Update with an annotated graph appeared on 12/31/2010. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AGU - NYSE - CHEMICALS - Agricultural Chemicals Agrium Inc	$92.26	+1.50 1.65%	$92.44	$95.80	-3.70%	1,695,235 89.06%	1,903,500
Most Recent Note for AGU - 2/2/2011 12:19:40 PM Hovering -4% off its 52-week high today, consolidating above support at its 50 DMA line after recently slumping below prior resistance in the $89 area and finding support near that important short-term average. Last noted in the 1/12/11 mid-day report - "Recent quarters showed improving sales and earnings but its prior history is below guidelines of the fact-based investment system. Based on weak technical action it was dropped from the Featured Stocks list 7/25/08, and it subsequently dropped from $84.18 to $22.08 before rebounding."
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ALB - NYSE - CHEMICALS - Synthetics Albemarle Corp	$57.72	-0.02 -0.03%	$58.25	$60.70	-4.91%	607,510 82.99%	732,000
Most Recent Note for ALB - 2/2/2011 12:22:35 PM After a recent analyst downgrade it abruptly reversed from an all-time high, yet its 50 DMA line has again acted as support. Reported earnings +44% on +8% sales revenues for the quarter ended December 31, 2010 versus the year ago period. Noted in prior mid-day reports - "Quarterly results showed stronger sales and earnings increases in Mar, Jun, and Sept '10 after a downward turn and negative comparisons in recent years (bad A criteria)."
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AMOT - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Allied Motion Tech	$8.60	-0.14 -1.60%	$8.74	$8.80	-2.27%	19,419 77.37%	25,100
Most Recent Note for AMOT - 2/2/2011 12:23:09 PM Steadily advancing since noted in recent mid-day reports - "Extended from a sound base and hitting a new 52-week high. Recent quarters showed better sales and earnings increases versus the year earlier, but prior quarterly comparisons and annual earnings (A criteria) growth have not been strong and steady so it is fundamentally below guidelines of the fact-based investment system."
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ARMH - NASDAQ - ELECTRONICS - Semiconductor - Specialized A R M Holdings Plc Ads	$28.24	+1.11 4.09%	$28.31	$28.31	-0.25%	7,578,194 166.50%	4,551,400
Most Recent Note for ARMH - 2/2/2011 12:32:58 PM Gapped up yesterday, and today's gain now has it trading above the 52-week high. That high was hit when noted in the 1/13/11 mid-day report while capping streak of 5 consecutive gains. After breaking out from a "cup-with-handle" type base, prior mid-day reports noted -"No resistance remaining after recent volume-driven gains. Recent quarters show improving sales and earnings however its prior comparisons and annual earnings history (A criteria) are below the guidelines of the fact based investment system.'"
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ARW - NYSE - WHOLESALE - Electronics Wholesale Arrow Electronics Inc	$39.93	+1.06 2.73%	$40.00	$40.00	-0.18%	701,124 87.59%	800,500
Most Recent Note for ARW - 2/2/2011 12:35:00 PM Hit a new 52-week high today, getting extended from its recent orderly base pattern. Recent quarters showed much better sales and earnings increases versus the year earlier. Prior quarterly comparisons and annual earnings (A criteria) growth have not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system.
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BDC - NYSE - MANUFACTURING - Industrial Electrical Equipmen Belden Inc	$37.69	+1.68 4.67%	$39.15	$39.15	-3.73%	371,243 156.64%	237,000
Most Recent Note for BDC - 2/2/2011 12:38:02 PM Considerable gap up gain today, reaching a new 52-week high. It had slumped below its 50 DMA line since last noted in the 1/04/11 mid-day report when consolidating following an earlier breakout from a 7-month cup shaped base - "Quarterly comparisons show improving sales revenues and earnings increases in recent periods but its annual earnings (A criteria) history has not been strong and steady."
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CAB - NYSE - SPECIALTY RETAIL - Sporting Goods Stores Cabelas Inc	$25.84	+0.32 1.25%	$26.09	$26.09	-0.96%	344,399 78.40%	439,300
Most Recent Note for CAB - 2/2/2011 12:41:02 PM Hit yet another new 52-week high with today's 3rd consecutive gain, steadily advancing since it broke out of a base-on-base type pattern on 1/24/11. Previously noted after a technical breakout in the 11/03/10 mid-day report -"The old high for this Retail - Leisure Products firm had been hit when it last appeared in several early-May mid-day reports noted - 'Annual earnings (A criteria) and quarterly sales revenues have not shown strong and steady growth.'"
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DTLK - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Datalink Corporation	$6.95	+0.29 4.35%	$7.05	$7.10	-2.11%	120,975 100.64%	120,200
Most Recent Note for DTLK - 2/2/2011 12:47:51 PM Extended from any sound base following its 1/18/11 breakaway gap. Recent quarters showed better sales and earnings increases versus the year earlier. Prior quarterly comparisons and annual earnings (A criteria) growth have not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system.
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FN - NYSE - ELECTRONICS - Specialized Electronics Fabrinet	$26.35	+0.58 2.25%	$26.47	$26.47	-0.45%	88,665 78.33%	113,200
Most Recent Note for FN - 2/2/2011 12:49:06 PM Touched another new high today. The 2/01/11 mid-day report noted - "No overhead supply is there to act as resistance. It is up considerably from its 6/25/10 IPO at $10, and extended from any sound base. Recent quarters showed much better sales and earnings increases versus the year earlier. Prior quarterly comparisons and annual earnings (A criteria) growth have not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system."
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HAYN - NASDAQ - METALS & MINING - Industrial Metals & Minerals Haynes Intl Inc	$51.35	-1.29 -2.45%	$52.77	$52.77	-2.69%	92,889 131.94%	70,400
Most Recent Note for HAYN - 2/2/2011 12:52:21 PM Pulling back from its 52-week high today after a recent spurt of volume-driven gains. Earnings increases have been strong in the latest quarterly comparisons versus year-ago losses, but its prior history has been below guidelines of the fact-based investment system.
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IHS - NYSE - COMPUTER SOFTWARE & SERVICES - Business Software & Services I H S Inc Cl A	$81.61	-0.85 -1.03%	$81.99	$85.49	-4.54%	256,211 147.59%	173,600
Most Recent Note for IHS - 2/2/2011 12:55:57 PM Hovering above support at its 50 DMA line just -5.2% off its all-time high hit on 1/26/11 when last noted after 5 consecutive gains. It steadily rallied since noted in the 1/07/11 mid-day report - "Reported earnings +8% on +15% sales revenues for the quarter ended November 30, 2010. Recent quarterly earnings increases have been less the +25% minimum guidelines and sales revenues increases have not been very strong. However, it has maintained a great annual earnings (A criteria) track record. Sales and earnings growth history has been steady since long ago noted 6/20/08 when it challenged all-time highs in the $72 area."
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IRF - NYSE - ELECTRONICS - Semiconductor - Integrated Cir Intl Rectifier Corp	$32.77	+0.63 1.96%	$32.99	$33.50	-2.18%	446,980 80.54%	555,000
Most Recent Note for IRF - 2/2/2011 12:57:52 PM Recent quarters showed much better sales and earnings increases versus the year earlier. Prior quarterly comparisons and annual earnings (A criteria) growth have not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system.
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MGIC - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Magic Software Enter Ltd	$8.68	+0.56 6.93%	$8.85	$8.99	-3.48%	2,490,936 183.87%	1,354,700
Most Recent Note for MGIC - 2/2/2011 1:02:30 PM Hovering near its 52-week high today with above average volume behind its gain having it poised for a new high close. It has not formed a sound base pattern since last noted in the 1/24/11 mid-day report - "Recently rising from a "V" shaped consolidation since noted in the 12/13/10 mid-day report. That deep pullback (-27.7%) exceeded the guidelines for an advanced "ascending base" pattern after a steep rally since its early-November breakout from below $3.00. This Israel-based Computer - Tech Services firm's recent quarterly comparisons showed impressive sales and earnings increases and it has a strong annual earnings (A criteria) history."
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NANO - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Nanometrics Inc	$18.65	+0.23 1.25%	$18.72	$19.20	-2.86%	432,755 91.11%	475,000
Most Recent Note for NANO - 2/2/2011 1:03:13 PM Hit yet another new 52-week high today. Prior mid-day reports noted - "Held its ground following a considerable 1/14/11 gain with heavy volume. Recent quarters showed much better sales and earnings increases versus the year earlier. Prior quarterly comparisons and annual earnings (A criteria) growth have not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system."
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NATI - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services National Instrument Corp	$46.00	+1.31 2.93%	$46.06	$46.35	-0.76%	193,137 86.26%	223,900
Most Recent Note for NATI - 2/2/2011 1:05:15 PM Hit yet another new high today with a second consecutive big volume-driven gain. Held its ground following a considerable volume-driven gain for new highs on 1/27/11 after news of a dividend increase and 3:2 split pending. Prior mid-day reports noted - "Recent quarters showed much better sales and earnings increases versus the year earlier. Prior quarterly comparisons and annual earnings (A criteria) growth have not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system."
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NVO - NYSE - DRUGS - Drug Manufacturers - Other Novo Nordisk A/S Adr	$112.65	-1.96 -1.71%	$113.29	$117.44	-4.08%	186,903 89.90%	207,900
Most Recent Note for NVO - 2/2/2011 1:06:52 PM Consolidating above its 50 DMA line only -4.2% off its all-time high. Prior mid-day reports noted - "It has earned high ranks after demonstrating strong steady annual earnings (A criteria) growth. Quarterly comparisons show sales and earnings increases mostly below guidelines of the fact-based investment system. Headlines were swirling in late-October over FDA approval of certain drugs while this Denmark-based Medical - Ethical Drug firm endured 2 big gaps down followed by a big gap up, with the rebound action indicative of prompt institutional support near its prior chart highs and 50 DMA line."
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OIS - NYSE - ENERGY - Oil & Gas Equipment & Services Oil States International	$67.40	-0.73 -1.07%	$67.99	$70.65	-4.60%	669,388 159.45%	419,800
Most Recent Note for OIS - 2/2/2011 1:09:11 PM Pulling back today, this Oil & Gas - Field Services firm hit a new 52-week high yesterday with a second consecutive gain backed by above average volume. Held its ground above support at its 50 DMA line when recently consolidating. Healthy action has continued since noted in the 11/10/10 mid-day report - "Earnings and sales history below guidelines."
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ONNN - NASDAQ - ELECTRONICS - Semiconductor - Broad Line O N Semiconductor Corp	$11.55	+0.19 1.67%	$11.78	$11.95	-3.35%	6,677,778 85.75%	7,787,300
Most Recent Note for ONNN - 2/2/2011 1:11:02 PM Perched near its 52-week high today, holding its ground following a previously noted streak of 9 consecutive gains. Earlier gains with above average volume helped it rally from a "cup-with-high-handle" type pattern. Prior mid-day reports noted - "Recent quarters showed better sales and earnings increases versus the year earlier, but prior quarterly comparisons and annual earnings (A criteria) growth have been below the guidelines of the fact-based investment system."
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OPLK - NASDAQ - ELECTRONICS - Semiconductor - Integrated Cir Oplink Communications	$25.00	+0.81 3.35%	$25.23	$25.63	-2.46%	235,190 124.64%	188,700
Most Recent Note for OPLK - 2/2/2011 1:17:28 PM Rising since a breakaway gap on 1/28/11 following a choppy consolidation. It was last noted on 10/19/10 after it gapped down while enduring distributional pressure, completing a worrisome "island reversal" type pattern. Recent quarters showed much better sales and earnings increases versus the year earlier. Prior quarterly comparisons and annual earnings (A criteria) growth have not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system Noted in prior mid-day reports - "Sales revenues rose +9% and +20% in the Mar and Jun '10 quarters after a streak of negative comparisons, meanwhile it has produced earnings increases well above the +25% guideline in 4 consecutive quarterly comparisons, satisfying the C criteria. Annual earnings (A criteria) have not grown steadily, yet it has earned high ranks."
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QNST - NASDAQ - MEDIA - Advertising Agencies Quinstreet Inc	$22.95	+0.13 0.57%	$23.16	$23.69	-3.12%	351,329 114.74%	306,200
Most Recent Note for QNST - 2/2/2011 1:20:10 PM Holding its ground in a tight trading range near its 52-week high, consolidating above support at its 50 DMA line and prior highs since it was last noted in the 1/13/11 mid-day report - "Gains with heavy volume cleared the old high hit when the 12/09/10 mid-day report noted - 'Earnings history is below guidelines.'"
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RAVN - NASDAQ - ELECTRONICS - Printed Circuit Boards Raven Industries	$51.69	+1.57 3.12%	$52.03	$52.03	-0.66%	34,299 78.85%	43,500
Most Recent Note for RAVN - 2/2/2011 1:25:11 PM Considerable gain today, hitting a new 52-week high with its 3rd consecutive volume-driven gain. No overhead supply remains to act as resistance. Promptly repaired its 1/28/11 violation of its 50 DMA line, a reassuring sign of support from the institutional crowd. The 1/24/11 mid-day report and prior reports noted - "The 3 latest quarterly comparisons showed strong sales revenues and earnings increases after a streak of negative comparisons. A downward turn in FY '10 earnings is a flaw with respect to the annual earnings history (A criteria) guidelines."
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TZOO - NASDAQ - COMPUTER SOFTWARE & SERVICES - Information Technology Service Travelzoo Inc	$52.50	+3.05 6.17%	$52.99	$52.99	-0.92%	265,952 101.20%	262,800
Most Recent Note for TZOO - 2/2/2011 1:27:51 PM Found support above its 50 DMA line and it has continued rising since the 11/30/10 mid-day report noted - "It is extended from any sound base after a very impressive rally from August '10 lows near $14 and January 2009 low of $3.72 per share. Recent quarterly comparisons show sales and earnings improving but its prior earnings history is below guidelines."
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UFPT - NASDAQ - CONSUMER NON-DURABLES - Packaging & Containers U F P Tech Inc	$18.86	+0.81 4.49%	$18.99	$19.17	-1.62%	188,622 234.31%	80,500
Most Recent Note for UFPT - 2/2/2011 1:32:01 PM Gapped up today for yet another new 52-week high, extended from any sound base. Steadily rallied and stubbornly held its ground since noted in the 1/05/11 mid-day report - "With a 3rd consecutive gain on above average volume, rising from a 12-week cup shaped base without a handle. Technically its outlook has improved since it was dropped from the Featured Stocks list on 11/08/10. Group Containers/Packaging has a RS Rating of D+ today, which is a concern with respect to the L criteria. Its 2008 high ($14.63) may act as resistance, but virtually no overhead supply remains."
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URI - NYSE - DIVERSIFIED SERVICES - Rental & Leasing Services United Rentals Inc	$28.66	+1.13 4.10%	$29.93	$29.93	-4.24%	3,426,687 229.50%	1,493,100
Most Recent Note for URI - 2/2/2011 1:33:56 PM Hit another new 52-week high today with a 3rd consecutive volume-driven gain. Held its ground stubbornly and then wedged higher without great volume conviction after noted in the 11/12/10 mid-day report - "Earnings history is below guidelines and it is extended from any sound base."
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VLO - NYSE - ENERGY - Oil & Gas Refining & Marketing Valero Energy Corp	$26.83	+0.77 2.95%	$26.99	$26.99	-0.59%	6,235,204 76.28%	8,174,400
Most Recent Note for VLO - 2/2/2011 1:38:14 PM Hit another new 52-week high today. Prior mid-day reports noted - "Recent quarters showed better sales and earnings increases versus year ago losses, and its annual earnings (A criteria) growth has not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system."
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WNR - NYSE - ENERGY - Oil & Gas Refining & Marketing Western Refining Inc	$14.31	+1.07 8.08%	$14.35	$14.35	-0.28%	3,912,509 190.49%	2,053,900
Most Recent Note for WNR - 2/2/2011 1:40:39 PM Hit yet another new 52-week high today with a 4th consecutive volume-driven gain. Found support above its 50 DMA line and continued rallying since noted in the 1/07/11 mid-day report - "Earnings history has been below the guidelines of the fact-based system."
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