Mid-Day Breakouts Report - Friday, July 8th, 2011

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MIDDAY BREAKOUTS REPORT - FRIDAY, JULY 8TH, 2011
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DOW 12610.55 -108.94 (-0.86%) | NASDAQ 2840.49 -32.19 (-1.12%) | S&P 500 1338.12 -15.1 (-1.12%)

Time of Screening : 7/8/2011 11:51:07 AM Report Released : 7/8/2011 12:23:20 PM
Price is: Above 52W High and Less Than 52W High but within 5% 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
CMG - NYSE Chipotle Mexican Grill	$324.75	-3.74 -1.14%	$328.17	565,227 59.71% of 50 DAV 50 DAV is 946,600	$329.80 -1.53%	4/1/2011	$274.00	PP = $275.10 MB = $288.86
Most Recent Note - 7/8/2011 12:00:34 PM G - Pulling back today from its all-time high after 9 gains on near average volume in the span of 10 sessions. Extended from prior highs that define initial chart support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 6/15/2011. Click here.
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LULU - NASDAQ Lululemon Athletica	$119.18	-2.53 -2.07%	$120.98	1,236,674 60.63% of 50 DAV 50 DAV is 2,039,600	$123.84 -3.77%	6/21/2011	$102.95	PP = $101.14 MB = $106.20
Most Recent Note - 7/8/2011 12:09:08 PM G - Pulling back today after steadily inching higher into new all-time high territory. Its rally of better than +20% in less than 2-3 weeks after its recent technical breakout argues for investors to follow the investment system of holding stocks with such powerful early gains for 8 weeks minimum. >>> The latest Featured Stock Update with an annotated graph appeared on 6/21/2011. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AZZ - NYSE - MANUFACTURING - Industrial Equipment & Compone A Z Z Incorporated	$51.71	-0.90 -1.71%	$52.03	$53.30	-2.98%	76,992 103.34%	74,500
Most Recent Note for AZZ - 7/8/2011 11:53:44 AM Holding its ground following a streak of 8 consecutive gains for new all-time highs, rallying from support at its 200 DMA line. It survived but failed to impress since last noted in the 7/15/08 mid-day report.
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BKI - NYSE - Computer Sftwr-Financial Black Knight Inc	$28.54	-0.70 -2.39%	$29.10	$29.45	-3.09%	237,007 58.83%	402,900
Most Recent Note for BKI - 7/8/2011 11:56:00 AM Pulling back today after 5 consecutive gains to a new all-time high. Prior mid-day reports noted - "Reported earnings +154% on +25% sales revenues for the quarter ended March 31, 2011 versus the year ago period. Recent insider buying reported after clearing its 2007 high is a very reassuring sign. Recent quarterly comparisons showed strong earnings increases, but lackluster sales revenues growth and its erratic annual earnings (A criteria) history fall short of the investment system's guidelines."
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BWLD - NASDAQ - LEISURE - Restaurants Buffalo Wild Wings Inc	$66.49	-0.19 -0.28%	$67.23	$69.24	-3.97%	343,614 111.24%	308,900
Most Recent Note for BWLD - 7/8/2011 11:56:52 AM Touched a new all-time high on the prior session then reversed into the red. With a streak of volume-driven gains it rose from another base-on-base type pattern last week. Prior mid-day reports noted - "Technically broke out on 4/14/11 from a base-on-base pattern. No overhead supply exists to act as resistance. The company has a strong annual earnings history (A criteria). The C criteria has not been well satisfied by +25% earnings increases in quarterly comparisons. Blue triangles beside the quarterly earnings figure in at least the past 8 comparisons indicate pre-tax, non-recurring items were included (where possible, such items are normally removed to provide data better suited for comparison). The restaurant operator survived but failed to impress as it went through several long and very deep corrections since it was dropped from the CANSLIM.net Featured Stocks List on 8/15/2007."
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ESL - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services Esterline Technologies	$80.49	-0.10 -0.13%	$80.75	$80.85	-0.45%	95,334 59.07%	161,400
Most Recent Note for ESL - 7/8/2011 12:04:02 PM Rallied to a new 52-week high with a streak of 8 consecutive gains on near average volume. Recent quarterly comparisons show slight sales revenues acceleration and better earnings increases, but a downturn in FY '09 earnings is a flaw concerning the A criteria of the fact-based investment system. Prior mid-day reports noted - "Sales revenues and earnings history make the fundamentals questionable for this aerospace/defense firm."
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HELE - NASDAQ - CONSUMER DURABLES - Appliances Helen Of Troy Ltd	$35.35	-1.23 -3.36%	$36.25	$36.75	-3.81%	131,319 71.37%	184,000
Most Recent Note for HELE - 7/8/2011 12:07:24 PM Pulling back today from its new 52-week high after 8 consecutive gains on ever-increasing volume. Technically it broke out on 5/10/11 and faces no resistance due to overhead supply. Found support near its 50 DMA line during its recent consolidation. Showed great sales revenues and earnings increases in the 2 latest quarters, but prior quarterly sales revenues and earnings growth has not been strong and steady.
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PII - NYSE - AUTOMOTIVE - Recreational Vehicles Polaris Industries Inc	$119.43	-1.81 -1.49%	$119.96	$122.53	-2.53%	266,701 62.72%	425,200
Most Recent Note for PII - 7/8/2011 12:11:23 PM Hit new 52-week and all-time highs this week with more volume-driven gains. Last noted in the 4/20/11 mid-day report after gapping up when reporting earnings +127% on +49% sales revenues for the quarter ended March 31, 2011 versus the year ago period. Sales and earnings increases improved in recent comparisons, but its prior quarterly and annual earnings (A criteria) history is below guidelines.
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PSMT - NASDAQ - RETAIL - Drug Stores Pricesmart Inc	$59.35	-0.85 -1.41%	$59.95	$61.04	-2.77%	151,021 77.65%	194,500
Most Recent Note for PSMT - 7/8/2011 12:12:34 PM Pulling back from its 52-week high today after 5 consecutive gains. It was noted in the 6/27/11 mid-day report after rising from a 7-week base-on-base type pattern with no resistance due to overhead supply - "The high-ranked Retail firm found support above its 50 DMA line and prior highs in the $40 area during its recent consolidation. Recent quarterly comparisons show earnings increases above the +25% guideline versus the year earlier and encouraging sequential acceleration in its sales revenues increases. Blue triangles beside the yearly earnings numbers in each year from 2005-2009 on the data service used by our experts indicate pre-tax, non-recurring items were included (where possible, such items are normally removed to provide data better suited for comparison)."
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REV - NYSE - CONSUMER NON-DURABLES - Personal Products Revlon Inc	$18.26	+0.22 1.22%	$18.50	$18.50	-1.30%	74,900 79.43%	94,300
Most Recent Note for REV - 7/8/2011 12:14:03 PM Hit a new 52-week high today. Sales and earnings history has not been strong and steady enough to meet the investment system guidelines.
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TMH - NYSE - HEALTH SERVICES -Healthcare Information Service Team Health Hldgs Inc	$22.97	+0.13 0.57%	$23.08	$23.92	-3.97%	179,854 63.82%	281,800
Most Recent Note for TMH - 7/8/2011 12:18:11 PM Gains this week with light volume helped it hit new 52-week highs. It has slumped under its 50 DMA line during its consolidation since noted in the 5/04/11 mid-day report - "No overhead supply remains to act as resistance. Completed a Secondary Offering on 3/02/11. Earnings increases have been above the +25% guideline in the 3 latest quarterly comparisons but sales revenues increases have been in the +6-13% range."
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TNAV - NASDAQ - TELECOMMUNICATIONS - Wireless Communications Telenav Inc	$20.29	+0.32 1.60%	$20.29	$20.76	-2.26%	202,694 60.69%	334,000
Most Recent Note for TNAV - 7/8/2011 12:19:12 PM Holding its ground at its 52-week high today after 3 consecutive volume-driven gains. Found support well above its 50 DMA line during its consolidation from a prior high which it hit when noted in the 6/06/11 mid-day report - "No resistance remains due to overhead supply after its 5/13/10 IPO and choppy history. Reported earnings +42% on +27% sales revenues for the quarter ended March 31, 2011 versus the year ago period, satisfying the C criteria with 3 consecutive quarters of earnings increases above the +25% guideline. The lack of leadership (L criteria) in the Telecom Services - Wireless and its lack of a strong annual earnings (A criteria) history are concerns."
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TYL - NYSE - COMPUTER SOFTWARE & SERVICES - Information Technology Service Tyler Technologies Inc	$27.01	-0.35 -1.28%	$27.24	$27.56	-2.00%	147,246 77.95%	188,900
Most Recent Note for TYL - 7/8/2011 12:21:06 PM Holding its ground after recently wedging to new 52-week highs. The 6/17/11 mid-day report noted - "It survived but failed to impress, and fundamentals today are below guidelines. This previously featured Computer-Tech Services firm was dropped from the Featured Stocks list on 9/24/08 due to technical weakness."
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VHI - NYSE - CHEMICALS - Specialty Chemicals Valhi Inc	$58.96	+1.64 2.86%	$59.52	$59.52	-0.94%	40,179 108.89%	36,900
Most Recent Note for VHI - 7/8/2011 12:21:40 PM Hitting yet another new 52-week and all-time high with today's 6th consecutive gain. Prior mid-day reports noted - "Prior earnings history has been erratic and below the investment system guidelines."
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VMW - NYSE - COMPUTER SOFTWARE & SERVICES - Technical & System Software Vmware Inc Cl A	$103.43	+0.45 0.44%	$104.71	$105.47	-1.93%	1,364,110 69.65%	1,958,600
Most Recent Note for VMW - 7/8/2011 12:22:44 PM This Computer-Software firm touched a new 52 week high this week. No overhead supply remains to act as resistance, however it has not triggered a technical buy signal with a powerful breakout from a proper base pattern. The past 5 quarterly comparisons through Mar '11 have shown strong earnings per share and sales revenues increases versus the year ago periods. A slight downturn in its FY '09 earnings is a small flaw with respect to the A criteria of the fact-based system.
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