Mid-Day Breakouts Report - Thursday, June 30th, 2011

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MIDDAY BREAKOUTS REPORT - THURSDAY, JUNE 30TH, 2011
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DOW 12391.06 129.64 (1.06%) | NASDAQ 2771.66 31.17 (1.14%) | S&P 500 1319.04 11.63 (0.89%)

Time of Screening : 6/30/2011 11:53:15 AM Report Released : 6/30/2011 1:12:24 PM
Price is: Above 52W High and Less Than 52W High but within 8% of the 52 Week High
Volume Is: At least 57.5% 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
CACC - NASDAQ Credit Acceptance Corp	$83.39	+2.43 3.00%	$83.50	26,704 64.19% of 50 DAV 50 DAV is 41,600	$83.50 -0.13%	6/2/2011	$76.10	PP = $82.39 MB = $86.51
Most Recent Note - 6/30/2011 12:06:36 PM Y - A volume-driven gain and strong finish may trigger a technical buy signal for this high-ranked leader in the Finance - Consumer Loans industry. It hit a new all-time high today, rising above its pivot point for a 4th consecutive gain. Recent lows near $75 define important support to watch below initial support at its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 6/27/2011. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ACN - NYSE - DIVERSIFIED SERVICES - Business/Management Services Accenture Plc	$60.08	+0.17 0.28%	$60.14	$60.98	-1.48%	3,354,099 74.75%	4,487,000
Most Recent Note for ACN - 6/30/2011 11:55:34 AM Holding its ground since its 6/28/11 breakaway gap from a sound base pattern for a new 52-week high, on track for its 9th consecutive volume-driven gain. Reported earnings +32% on +21% sales revenues for the quarter ended May 31, 2011 versus the year ago period, and recent quarterly comparisons show encouraging acceleration. Recent mid-day reports noted - "Earnings history is below the fact-based investment system's guidelines but showed recent improvement. Since it was dropped from the Featured Stocks list on 9/11/08 it survived but failed to impress."
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ALLT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software Allot Communications Ltd	$18.27	+0.40 2.24%	$18.74	$18.74	-2.51%	102,565 59.39%	172,700
Most Recent Note for ALLT - 6/30/2011 11:56:40 AM Recent quarters showed sales revenues and earnings improving. Holding its ground since its considerable 6/28/11 gain with above average volume helped it break out to a new 52-week high. Its choppy consolidation prior to the breakout included slumps well below its 50 DMA line. No overhead supply remains to hinder its progress now, but as noted in prior mid-day reports - "This low-priced Israeli Computer - Networking firm does not have a good annual earnings history (A criteria)."
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BCR - NYSE - HEALTH SERVICES - Medical Instruments & Supplies Bard C R Inc	$109.59	+0.43 0.39%	$109.91	$113.13	-3.13%	647,213 98.14%	659,500
Most Recent Note for BCR - 6/30/2011 12:03:03 PM Consolidating -3.0% from its 52-week and all-time high today, recently finding support near its 50 DMA line again. Last noted (following a near 7-year hiatus) in the 5/05/11 mid-day report - "Annual earnings (A criteria) history has been slow and steady, but quarterly comparisons have shown sub par sales revenues and earnings increases below the +25%* guideline."*
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CYOU - NASDAQ - COMPUTER SOFTWARE & SERVICES - Multimedia &; Graphics Software Changyou.com Ltd Ads	$44.25	+1.82 4.29%	$44.68	$47.25	-6.35%	205,807 58.85%	349,700
Most Recent Note for CYOU - 6/30/2011 12:10:16 PM Rebounding from a slump below its 50 DMA line, its 8th consecutive gain today has it approaching its 52-week high. The old high was hit when last noted in several late-April mid-day reports - "Quarterly earnings improved in the quarter ended March 31, 2011 and showed recent acceleration, but the 4 prior earnings comparisons have been below the +25% guideline. This Chinese provider of free online games quarterly sales revenues improved from $1.6 million in revenues in the quarter ended March 31, 2007 to $97.1 million in the quarter ended Mar 31, 2011."
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FAST - NASDAQ - RETAIL - Home Improvement Stores Fastenal Co	$36.39	+0.38 1.06%	$36.42	$36.42	-0.08%	1,196,836 73.22%	1,634,500
Most Recent Note for FAST - 6/30/2011 12:15:20 PM Gains for a 4th day in a row backed by above average volume helped it hit new 52-week highs. Prior mid-day reports noted - "Recent quarterly comparisons show sales revenues and earnings increases improving, but a downturn in FY '09 earnings is a flaw with respect to the A criteria. It survived but failed to impress since it was dropped from the Featured Stocks list on 10/01/08."
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FC - NYSE - CONSUMER NON-DURABLES - Office Supplies Franklin Covey Company	$9.62	+0.18 1.91%	$9.71	$9.75	-1.33%	23,118 77.58%	29,800
Most Recent Note for FC - 6/30/2011 12:20:40 PM Quietly inching to new 52-week and all-time highs following volume-driven gains earlier this week. Recent quarterly comparisons show sales revenues and earnings improving, but its annual earnings (A criteria) history has not been strong and steady.
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GIB - NYSE - Computer - Tech Services CGI Inc Cl A	$24.37	+0.66 2.78%	$24.53	$24.53	-0.65%	146,820 59.56%	246,500
Most Recent Note for GIB - 6/30/2011 12:26:25 PM Hit another new 52-week high today after gapping up following an analyst upgrade on the prior session. Technically it is clearing a brief consolidation above prior highs and its 50 DMA line while posting a 4th consecutive gain. Prior mid-day reports noted - "It reported earnings +43% on +24% sales revenues for the quarter ended March 31, 2011 versus the year ago period. Recent quarterly comparisons show sales revenues accelerating and earnings increases above the +25% minimum guideline versus the year earlier, making it a better match with the winning models of the fact-based investment system."
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ILMN - NASDAQ - DRUGS - Biotechnology Illumina Inc	$75.40	+0.10 0.13%	$75.75	$76.81	-1.84%	1,052,686 67.84%	1,551,800
Most Recent Note for ILMN - 6/30/2011 12:27:18 PM Still consolidating above its 50 DMA line and perched within close striking distance of its 52-week high. Reported earnings +67% on +47% sales revenues for the quarter ended March 31, 2011 versus the year-ago period. Last noted in the 6/27/11 mid-day report - "Up and down annual earnings history (A criteria) remains a concern. No overhead supply remains to hinder its progress. Sales revenues and earnings growth slumped below guidelines after it was dropped from the Featured Stocks list on 6/17/09. It had just been featured in the May 2009 issue of CANSLIM.net News (read here)."
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IRM - NYSE - DIVERSIFIED SERVICES - Business/Management Services Iron Mountain Inc	$33.79	+0.14 0.42%	$34.00	$35.50	-4.82%	2,648,473 110.83%	2,389,700
Most Recent Note for IRM - 6/30/2011 12:29:39 PM Consolidating -4.8% off its 52-week high today, it found support near its 50 DMA line during a long consolidation in a tight trading range. Last noted in the 4/20/11 mid-day report - "Sales revenues and earnings growth history is below guidelines of the fact-based investment system."
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KRO - NYSE - CHEMICALS - Specialty Chemicals Kronos Worldwide Inc	$30.65	+1.12 3.79%	$31.06	$33.00	-7.12%	402,426 58.55%	687,300
Most Recent Note for KRO - 6/30/2011 12:33:32 PM Considerable gain today, rallying within close striking distance of its 52-week high from a double bottom type base. Its shares split 2:1 effective 5/23/11. It found support at its 200 DMA line during a consolidation since last noted in the 4/05/11 mid-day report noted - "It found support above prior chart highs after a recent spurt of volume-driven gains helped it clear an orderly base pattern. 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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KSU - NYSE - TRANSPORTATION - Railroads Kansas City Southern	$59.42	+1.87 3.25%	$59.45	$59.50	-0.13%	626,875 65.93%	950,800
Most Recent Note for KSU - 6/30/2011 12:35:04 PM Today's 4th consecutive gain helped it reach new 52-week and all-time highs. Prior mid-day reports noted - "Reported earnings +32% on +12% sales revenues for the quarter ended March 31, 2011 versus the year ago period. Its annual earnings history (A criteria) is marred by a terrible downturn in FY '09."
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MA - NYSE - Finance-CrdtCard/PmtPr Mastercard Inc Cl A	$301.39	-8.31 -2.68%	$309.75	$309.81	-2.72%	2,185,166 228.48%	956,400
Most Recent Note for MA - 6/30/2011 12:43:38 PM Pulling back today after a considerable gain on heavy volume for a new 52-week high on the prior session (mentioned in the latest Market Commentary - read here). It had been noted in the prior mid-day report and finished strong after the Federal Reserve set a higher cap on debit-card fees. Prior mid-day reports noted -"It survived but failed to impress since it was dropped from the Featured Stocks list on 7/02/08 after an ominous 'double top' pattern triggered a technical sell signal."
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MON - NYSE - CHEMICALS - Specialty Chemicals Monsanto Co	$72.68	+2.42 3.44%	$72.69	$76.69	-5.23%	4,672,062 112.30%	4,160,400
Most Recent Note for MON - 6/30/2011 12:49:32 PM Today's 3rd consecutive volume-driven gain has it rising from its 200 DMA line toward prior resistance in the mid-$70 area. Earnings history has been erratic and below the fact-based system's guidelines. Ownership by top-rated funds fell from 2,411 in Jun '10 to 2,203 as of Mar '11. This large (536 million shares outstanding) agricultural firm survived but failed to impress since last noted in the 6/03/08 mid-day report.
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ROC - NYSE - CHEMICALS - Specialty Chemicals Rockwood Holdings Inc	$54.79	+0.32 0.59%	$55.33	$57.29	-4.36%	859,325 69.74%	1,232,100
Most Recent Note for ROC - 6/30/2011 12:54:19 PM Today's 6th consecutive small gain has it approaching its 52-week and all-time high. Its prior high was hit when last noted in the 4/29/11 mid-day report and it proposed a Secondary Offering on 4/30/11. Late-April mid-day reports noted - "No overhead supply remains to act as resistance. Reported earnings +115% on +17% sales revenues for the quarter ended March 31, 2011 versus the year ago period. Prior mid-day reports noted - 'Found support near its 50 DMA line since the 12/21/10 mid-day report appearance and the completion of a Public Offering. Building an orderly base. Recent quarters show sales and earnings improving, but prior history is below the fact-based system's guidelines, as its up and down annual earnings history (A criteria) is a fundamental concern.'"
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SNA - NYSE - MANUFACTURING - Small Tools & Accessories Snap On Inc	$62.55	+0.96 1.55%	$62.94	$62.94	-0.62%	213,434 67.71%	315,200
Most Recent Note for SNA - 6/30/2011 12:58:35 PM Hit a new 52-week high today. It found support near its 200 DMA line and prior chart lows in the $55 area earlier in June while enduring distributional pressure. Recent quarterly comparisons show improving sales and earnings above the +25% guideline for 3 consecutive quarters, but sales revenues increases have only been in the +14-15% range and its up and down annual earnings (A criteria) history is a concern.
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SYT - NYSE - CHEMICALS - Agricultural Chemicals Syngenta Ag Adr	$67.53	+0.05 0.07%	$67.66	$71.87	-6.04%	292,590 78.15%	374,400
Most Recent Note for SYT - 6/30/2011 12:59:56 PM Still consolidating near its 50 DMA line just -6.2% off its 52-week high. Last noted in the 6/14/11 mid-day report and prior reports - "This Switzerland-based giant in the Chemicals - Agricultural industry group has endured some distributional pressure after reaching new all-time highs in recent weeks. Faces no resistance due to overhead supply. Annual earnings growth (A criteria) was strong in years past, but flattened out from FY '08 through FY '10. Waning ownership interest from top-rated funds (I criteria) is another cause for concern. It is not a good match with the fact-based investment system's models of past great winners."
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TNH - NYSE - CHEMICALS - Agricultural Chemicals Terra Nitrogen Co Lp	$136.51	-5.37 -3.78%	$140.05	$143.50	-4.87%	77,496 154.37%	50,200
Most Recent Note for TNH - 6/30/2011 1:02:00 PM Pulling back on heavier volume today after rallying to new 52-week highs with 5 consecutive gains. Above average volume has been behind several of its gains since it held its ground above its 50 DMA line. Prior mid-day reports have repeatedly noted - "Its up and down annual earnings (questionable A) history is a concern. There is a small supply of only 4.63 million shares in its float, which can contribute to greater price volatility in the event of institutional buying or selling. It survived but failed to impress since last noted in the 4/22/08 mid-day report."
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VIA - NASDAQ - MEDIA - Entertainment - Diversified Viacom Inc Cl A	$58.18	+0.53 0.93%	$58.50	$60.90	-4.46%	40,731 123.05%	33,100
Most Recent Note for VIA - 6/30/2011 1:11:58 PM Today's 4th consecutive gain with ever-increasing volume has it inching above its 50 DMA line. It had slumped below that important short-term average since last noted in the 5/19/11 mid-day report - "No resistance remains due to overhead supply. Earnings history has been erratic and below the fact-based investment system's guidelines."
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