Mid-Day Breakouts Report - Friday, February 4th, 2011

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MIDDAY BREAKOUTS REPORT - FRIDAY, FEBRUARY 4TH, 2011
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DOW 12066.38 4.12 (0.03%) | NASDAQ 2766.81 12.93 (0.47%) | S&P 500 1308.42 1.32 (0.10%)

Time of Screening : 2/4/2011 12:15:22 PM Report Released : 2/4/2011 1:56:03 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	$24.72	+1.11 4.70%	$24.98	4,005,308 116.11% of 50 DAV 50 DAV is 3,449,600	$24.98 -1.04%	1/28/2011	$20.69	PP = $19.17 MB = $20.13
Most Recent Note - 2/4/2011 12:39:03 PM G - Patience may allow for secondary buy points to develop. Rallying for a 5th consecutive volume-driven gain today, getting more extended from a sound base. Prior highs define chart support levels to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 1/28/2011. Click here.
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LULU - NASDAQ Lululemon Athletica	$76.84	+4.83 6.71%	$76.98	2,663,139 127.33% of 50 DAV 50 DAV is 2,091,500	$77.35 -0.66%	1/26/2011	$68.11	PP = $74.70 MB = $78.44
Most Recent Note - 2/4/2011 1:19:09 PM Y - Hitting a new 52-week high today with volume running at an above average pace. A convincing gain and strong close above its pivot point with heavy volume may clinch a technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 1/14/2011. Click here.
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UA - NYSE Under Armour Inc Cl A	$62.97	+2.71 4.50%	$63.42	678,729 91.45% of 50 DAV 50 DAV is 742,200	$64.84 -2.88%	1/27/2011	$58.31	PP = $56.99 MB = $59.84
Most Recent Note - 2/4/2011 1:49:55 PM G - Considerable gain above recent $60 resistance for a new 52-week high today. It is extended from a previously noted "double bottom" base pattern. Recent highs and its 50 DMA line define chart support to watch in the $56 area. >>> The latest Featured Stock Update with an annotated graph appeared on 2/1/2011. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ADTN - NASDAQ - TELECOMMUNICATIONS - Communication Equipment Adtran Inc	$43.72	+1.31 3.09%	$43.87	$43.86	-0.32%	1,051,608 92.15%	1,141,200
Most Recent Note for ADTN - 2/4/2011 12:18:39 PM Hit a new 52 week high today, extended from any sound base while on track for a 10th consecutive weekly gain. Noted in prior mid-day reports - "No overhead supply remains to act as resistance. It went through a consolidation below its 50 DMA line in the interim since noted in the 10/08/11 mid-day report - 'Extended from a sound and very bullish base-on-base chart pattern it cleared in recent weeks. Recent quarters show improving sales and earnings increases after negative comparisons in '09. Annual earnings (A criteria) have been up and down and below the guidelines of the fact-based system's guidelines.'"
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ARMH - NASDAQ - ELECTRONICS - Semiconductor - Specialized A R M Holdings Plc Ads	$28.86	+0.23 0.80%	$28.93	$29.19	-1.13%	4,119,101 83.70%	4,921,400
Most Recent Note for ARMH - 2/4/2011 12:24:06 PM Perched at its 52-week high, extending its volume-driven rally this week after breaking out from a "cup-with-handle" type base earlier. 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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AXE - NYSE - WHOLESALE - Electronics Wholesale Anixter International	$67.94	+0.80 1.19%	$69.72	$69.72	-2.55%	280,582 100.82%	278,300
Most Recent Note for AXE - 2/4/2011 12:26:16 PM Gains this week with above average volume have it hitting new 52-week highs. It survived but failed to impress since noted in the 10/11/07 mid-day report - "Decelerating sales revenues and earnings growth is a concern, plus the group is not a leading group (bad L criteria)."
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BDC - NYSE - MANUFACTURING - Industrial Electrical Equipmen Belden Inc	$38.95	+0.57 1.49%	$39.09	$39.73	-1.96%	197,178 81.21%	242,800
Most Recent Note for BDC - 2/4/2011 12:28:14 PM Hit new 52-week highs this week after rallying above its 50 DMA line during its volume-driven 5 session winning streak. Noted in prior mid-day reports 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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BRKS - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Azenta, Inc.	$12.16	-0.23 -1.86%	$12.22	$12.68	-4.10%	761,429 147.45%	516,400
Most Recent Note for BRKS - 2/4/2011 12:30:04 PM Held its ground and continued higher following a considerable volume-driven gain on 1/14/11 with heavy volume for a new 52-week high. The 1/18/11 mid-day report noted - "Recent quarters showed better sales and earnings increases versus losses 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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DTLK - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Datalink Corporation	$8.15	+0.71 9.54%	$8.18	$8.18	-0.37%	513,555 396.87%	129,400
Most Recent Note for DTLK - 2/4/2011 12:41:32 PM Posting its 5th consecutive volume-driven gain today. The 2/02/11 mid-day report noted - "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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EL - NYSE - CONSUMER NON-DURABLES - Personal Products Estee Lauder Cos Cl A	$93.37	+1.43 1.56%	$93.97	$93.64	-0.29%	1,033,308 86.02%	1,201,200
Most Recent Note for EL - 2/4/2011 12:46:02 PM Up today for another new high after a considerable gap up gain on the prior session following a test of support at its 50 DMA line. Quarterly earnings results and sales revenues increases do not solidly meet the fact-based system's guidelines and its annual earnings (A criteria) history has been up and down.
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FEIC - NASDAQ - ELECTRONICS - Diversified Electronics F E I Co	$31.51	+3.70 13.30%	$31.73	$31.73	-0.69%	897,181 302.39%	296,700
Most Recent Note for FEIC - 2/4/2011 12:49:56 PM Gapped up today for a new 52 week high. Recent quarters showed lackluster sales revenues growth while earnings increases versus the year earlier were greatly improved. 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	$28.10	+1.94 7.41%	$28.10	$28.20	-0.36%	312,223 259.97%	120,100
Most Recent Note for FN - 2/4/2011 12:50:49 PM Solid gain with heavy volume today for yet another new high. Prior 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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FSTR - NASDAQ - WHOLESALE - Basic Materials Wholesale L B Foster Company	$40.26	-0.24 -0.59%	$40.71	$42.30	-4.82%	34,748 75.05%	46,300
Most Recent Note for FSTR - 2/4/2011 12:52:39 PM Still perched near its 52-week high since prior mid-day reports noted - "Increase in volume totals without meaningful price progress since 12/17/10 is giving it's chart a distributional look while consolidating above its 50 DMA line and prior highs. Earnings history is below guidelines after a downward turn in recent years. Based on weak technical action it was dropped from the Featured Stocks list on 1/11/08."
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HLIT - NASDAQ - TELECOMMUNICATIONS - Communication Equipment Harmonic Inc	$9.63	+1.03 12.02%	$9.87	$9.87	-2.40%	3,870,694 379.96%	1,018,700
Most Recent Note for HLIT - 2/4/2011 12:56:37 PM Hit a new 52-week high today following a gap up, rising from a base-on-base pattern formed since last noted on 12/20/10 after rising from a long base. Recent quarters show sales and earnings improving but prior history is below the fact-based system's guidelines.
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IPG - NYSE - MEDIA - Advertising Agencies Interpublic Group Of Cos	$11.73	+0.01 0.09%	$11.97	$12.40	-5.40%	4,244,101 80.23%	5,290,100
Most Recent Note for IPG - 2/4/2011 1:08:45 PM Hit another new high today following a technical breakout on the prior session. Recent quarters showed much better 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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JDSU - NASDAQ - ELECTRONICS - Diversified Electronics J D S Uniphase Corp	$21.99	+4.06 22.64%	$22.32	$22.31	-1.43%	22,613,670 508.48%	4,447,300
Most Recent Note for JDSU - 2/4/2011 1:12:34 PM Considerable gap up gain today with heavy volume for a new 52-week high. While consolidating after a recent cluster of volume-driven gains to new 52-week highs it was noted in prior mid-day reports - "It has steadily risen since its 12/13/10 gap up gain above its April 2010 high. Recent quarters showed better sales and earnings increases versus the year earlier, but prior quarterly comparisons and annual earnings (A criteria) have not been strong and steady and are below the guidelines of the investment system."
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KELYA - NASDAQ - DIVERSIFIED SERVICES - Staffing & Outsourcing Service Kelly Services Inc Cl A	$22.25	+1.56 7.54%	$22.60	$22.60	-1.55%	268,721 154.97%	173,400
Most Recent Note for KELYA - 2/4/2011 1:13:59 PM Hit a new 52-week high with a considerable volume-driven gain. After topping its April 2010 high, recent mid-day reports noted - "Recent quarters show sales and earnings improving versus year-ago losses, and the prior history is below the fact-based system's guidelines."
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KRO - NYSE - CHEMICALS - Specialty Chemicals Kronos Worldwide Inc	$48.66	+3.21 7.06%	$48.72	$48.99	-0.67%	124,552 114.27%	109,000
Most Recent Note for KRO - 2/4/2011 1:16:08 PM Hit another new 52-week high today with a considerable volume-driven gain. When recently inching out of an orderly base pattern, prior mid-day reports noted - "Earnings history has been erratic and below guidelines. Found support at its 50 DMA line after it proposed a Public Offering on 10/18/10, and subsequently rallied to new highs."
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MKSI - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate M K S Instruments Inc	$30.79	+1.00 3.36%	$30.94	$31.22	-1.38%	272,426 76.80%	354,700
Most Recent Note for MKSI - 2/4/2011 1:20:14 PM Today's 5th consecutive gain has it at 52-week and multi-year highs. Found support above prior highs while consolidating, then went on steadily rallying since noted in the 1/04/11 mid-day report - "Its gap up gain today helped it clear its 4/23/10 high. Annual earnings history has been below the system's guidelines."
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OPLK - NASDAQ - ELECTRONICS - Semiconductor - Integrated Cir Oplink Communications	$27.04	+0.87 3.32%	$28.00	$28.00	-3.43%	448,966 220.73%	203,400
Most Recent Note for OPLK - 2/4/2011 1:31:43 PM Gapped up today, still rising since a breakaway gap on 1/28/11 following a choppy consolidation. 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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PTEN - NASDAQ - ENERGY - Oil & Gas Drilling & Explorati Patterson-Uti Energy Inc	$24.73	-0.41 -1.63%	$25.77	$25.77	-4.04%	3,826,452 120.32%	3,180,300
Most Recent Note for PTEN - 2/4/2011 1:33:00 PM Hit new 52-week highs this week during its streak of 8 consecutive gains. 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. It survived but failed to impress since noted on 2/15/06.
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SFLY - NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other Shutterfly Inc	$42.41	+1.86 4.59%	$42.49	$42.49	-0.19%	562,666 235.43%	239,000
Most Recent Note for SFLY - 2/4/2011 1:37:15 PM Gapped up yesterday and continuing higher today for new 52-week and new all-time highs. Sales revenues and earnings history are below the investment system guidelines.
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SIMG - NASDAQ - ELECTRONICS - Semiconductor - Memory Chips Silicon Image Inc	$9.10	+1.38 17.88%	$9.33	$9.33	-2.47%	5,064,245 452.77%	1,118,500
Most Recent Note for SIMG - 2/4/2011 1:42:04 PM Gapped up today for a new 52-week high, breaking out of a double bottom type 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. It survived but failed to impress since last noted on 1/23/07 when this stock was dropped from the CANSLIM.net Featured Stocks list.
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SUN - NYSE - ENERGY - Oil & Gas Refining & Marketing Sunoco LP	$42.08	-1.54 -3.53%	$43.32	$43.76	-3.84%	2,648,037 125.19%	2,115,200
Most Recent Note for SUN - 2/4/2011 1:43:29 PM Churning heavy volume near its 52-week high and just above its 50 DMA line. Prior mid-day reports noted - "Recent quarters show sales and earnings improving but prior history is below the fact-based system's guidelines."
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TDC - NYSE - COMPUTER SOFTWARE & SERVICES - Technical &; System Software Teradata Corp	$44.67	+0.67 1.52%	$45.47	$46.71	-4.37%	1,153,496 88.28%	1,306,700
Most Recent Note for TDC - 2/4/2011 1:45:01 PM Prior mid-day reports noted - "Found support near its 50 DMA line in recent weeks while steadily climbing. Sales revenues and earnings history remain below guidelines of the investment system."
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TRMB - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Trimble Navigation Ltd	$47.00	+1.17 2.55%	$47.83	$47.83	-1.74%	1,191,999 206.01%	578,600
Most Recent Note for TRMB - 2/4/2011 1:48:51 PM Hit yet another new 52-week high today, steadily climbing following a pullback to prior highs in the $42 area which acted as support. No overhead supply remains to hinder its progress, and it stubbornly held its ground and rallied since its 10/07/10 mid-day report appearance. Recent comparisons (Jun, Sep, Dec) show improving sales revenues and earnings with encouraging acceleration. Annual earnings (A criteria) history has been below guidelines of the fact-based investment system.
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UFS - NYSE - MANUFACTURING - Paper & Packaging Domtar Corp	$86.17	-2.78 -3.13%	$86.43	$90.67	-4.96%	650,151 124.65%	521,600
Most Recent Note for UFS - 2/4/2011 1:53:23 PM Gapped down today, pulling back from its 52-week high. Slumping toward the prior resistance which a spurt of volume-driven gains had helped it clear since prior mid-day reports noted - "Challenging prior resistance in the $84-85 area following a solid gain off support at its 50 DMA line on the prior session. Recent quarters showed much better 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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WNR - NYSE - ENERGY - Oil & Gas Refining & Marketing Western Refining Inc	$14.82	+0.88 6.31%	$14.92	$15.05	-1.53%	3,624,313 161.66%	2,242,000
Most Recent Note for WNR - 2/4/2011 1:54:15 PM Hitting another new 52-week high today with a 6th 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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WY - NYSE - MATERIALS & CONSTRUCTION - Lumber, Wood Production Weyerhaeuser Co	$24.42	+0.84 3.56%	$24.75	$24.75	-1.33%	5,475,043 92.68%	5,907,500
Most Recent Note for WY - 2/4/2011 1:55:34 PM Hitting another new 52-week high today. Recent mid-day reports repeatedly noted - "It has rebounded impressively after a choppy consolidation below its 200 DMA line following its April 2010 peak. Recent quarters showed better sales and earnings increases versus year-ago losses. Prior earnings history is below guidelines."
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