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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, OCTOBER 6TH, 2010
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DOW 10934.65 -10.07 (-0.09%) | NASDAQ 2377.83 -22 (-0.92%) | S&P 500 1158.22 -2.53 (-0.22%)
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Time of Screening :
10/6/2010 11:56:25 AM Report Released :
10/6/2010 1:11:01 PM
Price is:
Above 52W High and Less Than 52W High
but within 7% 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...
At around
mid-way through each trading day we run
a screen against our database of
high-ranked stocks, searching for
possible buy candidates that are trading
at or near their 52-week high on above
average volume. The results of that
screen are split into the two sections
you see below. The first, titled
"TODAY's FEATURED STOCKS" shows stocks
that our experts have recently
identified as among the strongest candidates to
consider. Stocks highlighted in yellow
are the most timely and noteworthy, so
particular attention and prompt action
may be appropriate. The second section,
titled "TODAY's BREAKOUT SCREEN" shows
the remainder of stocks meeting today's
screen parameters. Our experts have
reviewed and included notes on these
stocks as well, but found that they may
not match up as favorably.
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Y - Today's strongest
candidates
highlighted
by our staff
of experts.
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G - Previously featured in
this report as yellow and
now may no longer be buyable
under the guidelines.
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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 |
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Max Buy |
ARUN
- NASDAQ
Aruba Networks Inc
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$21.44
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+0.14
0.66%
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$22.19
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1,695,856
81.87% of 50 DAV
50 DAV is 2,071,400
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$22.80
-5.96%
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8/30/2010 |
$18.12
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PP = $18.51
MB = $19.44 |
Most Recent Note - 10/6/2010 12:07:21 PM
G - Off today's earlier high, it remains extended from a sound base pattern. Prior highs near $18 and its 50 DMA line define important near-term chart support levels to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/2/2010. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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BIDU
- NASDAQ
Baidu Inc Ads
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$100.24
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-2.45
-2.39%
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$103.04
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8,074,525
83.55% of 50 DAV
50 DAV is 9,664,000
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$107.19
-6.48%
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9/17/2010 |
$85.73
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PP = $88.42
MB = $92.84 |
Most Recent Note - 10/6/2010 12:08:48 PM
G - Perched within close striking distance of its best-ever close ($103.82), it has been repeatedly noted as "extended from any sound base" yet could go on to produce more climactic gains. A subsequent violation of its 10/04/10 low $95.12 would raise concerns, while the nearest chart support is at old highs and its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/13/2010. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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EBIX
- NASDAQ
Ebix Inc
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$24.64
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-0.14
-0.56%
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$25.58
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491,902
92.34% of 50 DAV
50 DAV is 532,700
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$25.61
-3.79%
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9/23/2010 |
$21.78
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PP = $22.74
MB = $23.88 |
Most Recent Note - 10/6/2010 12:15:18 PM
G - Hit another new high today. Held its ground stubbornly following a recent streak of consecutive gains with heavy volume. As previously noted -"It could go on to produce more climactic gains, but it is extended from an ideal base. Recent highs near $20 define chart support to watch."
>>> The latest Featured Stock Update with an annotated graph appeared on 9/24/2010. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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SVR
-
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$22.73
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+0.71
3.22%
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$22.77
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871,715
123.91% of 50 DAV
50 DAV is 703,500
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$24.24
-6.23%
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9/22/2010 |
$23.60
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PP = $23.87
MB = $25.06 |
Most Recent Note - 10/6/2010 1:08:06 PM
G - Halted its recent worrisome slide, finding prompt support near its 50 DMA line after 4 consecutive losses. The recent chart low ($21.47) defines important support to watch. Concerns have been raised as its Relative Strength rank has slumped under the 80+ guideline after promptly negating its latest breakout and encountering distributional pressure.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/22/2010. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
AEM
- NYSE - METALS & MINING - Gold
Agnico Eagle Mines Ltd
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$73.97 |
+1.03
1.41%
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$74.28
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$74.27
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-0.40% |
1,853,872
90.38%
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2,051,100
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Most Recent Note for AEM - 10/6/2010 12:05:09 PM
Rallying near its 52 week high toward multi-year highs. Recent quarterly sales revenues and earning increases have been very strong after a streak of negative comparisons. Its annual earnings (A criteria) history has also been up and down, not strong and steady. See the high-ranked leaders in the Mining - Gold/Silver/Gems group (L criteria) currently listed on the Featured Stocks page.
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SEC |
News |
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A N
S L
I M
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CEVA
- NASDAQ - ELECTRONICS - Semiconductor - Specialized
Ceva Inc
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$14.94 |
-0.69
-4.41%
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$15.25
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$15.86
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-5.80% |
248,759
171.44%
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145,100
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Most Recent Note for CEVA - 10/6/2010 12:14:07 PM
Gapped down today in the wake of an analyst downgrade following a big gain and new 52-week high with very heavy volume on the prior session. It endured distributional pressure yet held its ground stubbornly and continued rallying since noted in mid-day reports in September - "Rising above stubborn resistance in the $13 area with no overhead supply remaining to hinder its progress. Sales (+16%) and earnings (+50%) increases in the June 30, 2010 ended quarter showed acceleration after streak of comparisons showing weak or negative sales revenues versus the year ago period. It has a good annual earnings (A criteria) history."
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SEC |
News |
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A N
S L
I M
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EC
- NYSE - ENERGY - Independent Oil & Gas
Ecopetrol Sa Adr
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$44.98 |
+1.18
2.69%
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$45.16
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$45.19
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-0.46% |
222,280
99.90%
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222,500
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Most Recent Note for EC - 10/6/2010 12:16:48 PM
Hit another new all-time high today, adding to its recent streak of volume-driven gains. Well above its 50 DMA line, it was noted in recent mid-day reports - "Very extended from a sound base after clearing resistance at the $30 level. Colombian Oil and Gas - Integrated firm reported strong sales and earnings increases for the quarter ended June 30, 2010 versus the year earlier period. Recent quarterly comparisons have shown great improvement, but its prior quarterly and annual earnings history has been below guidelines of the fact-based system."
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A N
S L
I M
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FSRV
- NASDAQ - DIVERSIFIED SERVICES - Business/Management Services
Firstservice Corp
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$25.69 |
+0.60
2.39%
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$25.69
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$25.71
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-0.08% |
55,710
264.03%
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21,100
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Most Recent Note for FSRV - 10/6/2010 12:19:56 PM
This Canadian Real Estate firm is hitting another new 52 week high today, adding to its recent streak of volume-driven gains. Noted in the mid-day report on 10/05/10 - "Historic earnings and sales revenues have been below guidelines of the fact-based investment system."
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I M
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GOLD
- NYSE - METALS & MINING - Gold
Barrick Gold Corporation
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$104.08 |
-0.96
-0.91%
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$106.04
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$106.44
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-2.22% |
757,564
114.63%
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660,900
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Most Recent Note for GOLD - 10/6/2010 12:20:57 PM
Holding its ground at all-time highs, and no overhead supply remains to act as resistance. Noted in the recent mid-day reports - "Earnings increases (C criteria) in the past 4 quarterly comparisons have been greater than the +25% minimum guideline, but its up and down annual earnings (A criteria) history is a concern. Disciplined investors might consider other high-ranked leaders from the Mining - Gold/Silver/Gems group currently listed on the Featured Stocks page."
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A N
S L
I M
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GPOR
- NASDAQ - ENERGY - Oil &; Gas Drilling &; Explorati
Gulfport Energy Corp
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$14.56 |
+0.35
2.43%
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$14.68
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$15.25
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-4.56% |
141,655
75.19%
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188,400
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Most Recent Note for GPOR - 10/6/2010 12:33:40 PM
Today's gain has it approaching its 52-week high and making its first appearance since it was dropped from the Featured Stocks list on 11/8/07, very soon after it had been featured in the October '07 CANSLIM.net News (read here). Interestingly, it completed another Public Offering (PO) on 5/14/10 and at least one other offering following the three that are visible on its chart in the old report. Cynical analysts might ask how many times this OK-based Oil/Gas firm might "go to the well" for more investor money.
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A N
S L
I M
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GSM
- NASDAQ - METALS & MINING - Steel & Iron
Globe Specialty Metals
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$14.94 |
+0.73
5.14%
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$15.06
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$15.06
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-0.80% |
1,240,100
246.98%
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502,100
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Most Recent Note for GSM - 10/6/2010 12:38:13 PM
Hit a new high today with a big gain backed by heavier volume. Stubbornly held its ground since a "breakaway gap" on 9/17/10 previously noted. Sales revenues and earnings increases in the quarter ended June 30, 2010 were impressive, but prior quarters and its annual earnings (A criteria) history are below guidelines of the fact based investment system.
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JNPR
- NYSE - COMPUTER HARDWARE - Networking & Communication Dev
Juniper Networks Inc
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$31.66 |
-0.93
-2.85%
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$32.61
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$32.84
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-3.59% |
6,066,728
103.25%
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5,875,800
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Most Recent Note for JNPR - 10/6/2010 12:45:04 PM
Down today, erasing a big part of the prior session's considerable volume-driven gain for a new 52-week high which had helped it break out of large cup-with-handle type base. The 2 latest quarters showed great earnings increases and sales revenues growing after a streak of negative comparisons. Its large supply of 519 Million shares (S criteria) outstanding may keep it from sprinting higher, and its downturn in FY '09 earnings is a flaw in the A criteria.
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I M
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MKTX
- NASDAQ - FINANCIAL SERVICES - Investment Brokerage - Nationa
Marketaxess Holdings Inc
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$17.25 |
-0.13
-0.75%
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$17.45
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$17.69
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-2.49% |
136,297
103.33%
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131,900
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Most Recent Note for MKTX - 10/6/2010 12:48:55 PM
Enduring mild distributional pressure near its 52-week high in the past week. The most current quarterly quarterly comparisons versus the year ago period showed great very strong earnings increases (good C criteria) and great sales revenues growth. Its history of up and down annual earnings (A criteria) is cause for concern, and the Finance - Investment Bankers industry group currently has a Relative Strength rating of 23 which indicates the group has been a weak laggard rather than a strong leader (L criteria).
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PNRA
- NASDAQ - LEISURE - Specialty Eateries
Panera Bread Co Cl A
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$89.95 |
-1.65
-1.80%
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$91.93
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$92.00
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-2.23% |
376,298
84.01%
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447,900
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Most Recent Note for PNRA - 10/6/2010 12:55:26 PM
Erasing a big part of the prior session's volume-driven gain for a new 52-week high with today's loss. Its annual earnings results showed a small downturn in '07, which is a minor flaw concerning the A criteria which calls for 3-5 years of steady earnings growth. Quarterly sales and earnings increases are not solidly meeting the guidelines with respect to the C criteria, while certainly "above average" as its 93 Earnings Per Share (EPS) rank currently suggests. Top-rated funds owning an interest decreased from 200 in Mar '09 to 154 in Jun '10, which is not good news concerning the I criteria. The stock is somewhat heavily owned (percentage-wise) by funds relative to its management's small 6% reported ownership.
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RVBD
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Information & Delivery Service
Riverbed Technology Inc
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$46.97 |
-1.55
-3.19%
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$48.49
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$48.78
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-3.71% |
1,943,343
102.21%
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1,901,400
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Most Recent Note for RVBD - 10/6/2010 12:58:11 PM
Pulling back today, yet recently on course to possibly challenge its 2007 all-time high ($52) while inching up with small gains for new 52-week highs. Noted in recent mid-day reports - "Extended from any sound base after rallying from support above its 50 DMA line. The San Francisco, CA-based firm in the Computer-Networking industry is a strong turn-around story, but the downward turn in FY '08 hurts its annual earnings (A criteria) track record."
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SSL
- NYSE - ENERGY - Independent Oil & Gas
Sasol Ltd Adr
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$47.70 |
+0.49
1.04%
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$47.73
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$47.74
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-0.08% |
196,446
77.49%
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253,500
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Most Recent Note for SSL - 10/6/2010 1:04:36 PM
Hit a new 52-week high today, adding to a recent streak of gains into new high ground. This big South-African Oil and Gas - Refining/Marketing firm's sales revenues and earnings increases improved in the 2 most recent quarters after a streak of 4 negative quarterly comparisons.
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THESE ARE NOT BUY RECOMMENDATIONS!
Comments contained in the body of this report are technical
opinions only. The material herein has been obtained
from sources believed to be reliable and accurate, however,
its accuracy and completeness cannot be guaranteed.
We are not an investment advisor, hence it does
not endorse or recommend any securities or other investments.
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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. All trademarks,
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