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 MIDDAY BREAKOUTS REPORT - TUESDAY, OCTOBER 12TH, 2010
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DOW 10974.99 -35.35 (-0.32%) | NASDAQ 2405.9 3.57 (0.15%) | S&P 500 1162.86 -2.46 (-0.21%)
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Time of Screening :
10/12/2010 12:24:01 PM Report Released :
10/12/2010 1:22:07 PM
Price is:
Above 52W High and Less Than 52W High
but within 10% 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 |
MWIV
- NASDAQ
M W I Veterinary Supply
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$57.13
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-0.50
-0.87%
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$57.68
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68,469
99.23% of 50 DAV
50 DAV is 69,000
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$59.50
-3.99%
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7/29/2010 |
$52.05
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PP = $52.09
MB = $54.69 |
Most Recent Note - 10/12/2010 1:00:16 PM
G - Pulling back for a small loss today on higher volume, it remains perched near its 52-week high. Volume totals had been cooling in recent weeks. No overhead supply remains to act as resistance. Its nearby 50 DMA line defines chart support.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/7/2010. Click here.
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SEC |
News |
Chart | C
A N
S L
I M
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ULTA
- NASDAQ
Ulta Salon Cosm & Frag
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$30.20
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+1.17
4.03%
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$30.21
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1,018,993
161.62% of 50 DAV
50 DAV is 630,500
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$30.40
-0.66%
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9/3/2010 |
$26.36
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PP = $25.89
MB = $27.18 |
Most Recent Note - 10/12/2010 1:15:24 PM
G - Considerable gain today with above average volume for a new 52-week high. Prior highs and its 50 DMA line coincide in the $26 area defining support to watch. No overhead supply remains to act as resistance.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/3/2010. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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WCRX
-
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$24.71
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+0.83
3.48%
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$25.06
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2,623,588
92.68% of 50 DAV
50 DAV is 2,830,900
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$25.06
-1.40%
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8/23/2010 |
$21.04
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PP = $20.84
MB = $21.88 |
Most Recent Note - 10/12/2010 1:19:21 PM
Y - Hit another new high today. Gapped up on 10/11/10 for a new high following a consolidation near its 10-week moving average line. Color code was changed to yellow and it was noted - "Considered buyable up to +5% above its latest high ($23.53 X 1.05 or $24.81) as a secondary buy point following its earlier technical breakout. A new pivot point is not cited as a new base was not formed."
>>> The latest Featured Stock Update with an annotated graph appeared on 8/23/2010. Click here.
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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 |
ALGN
- NASDAQ - HEALTH SERVICES - Medical Appliances & Equipment
Align Technology Inc
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$19.71 |
+0.14
0.72%
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$19.73
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$20.56
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-4.13% |
645,013
111.42%
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578,900
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Most Recent Note for ALGN - 10/12/2010 12:29:44 PM
Trading near its 52-week high after a near 7-month cup shaped pattern. Recent quarterly comparisons (C criteria) show strong sales and earnings increases with impressive acceleration, but it annual earnings (A criteria) history has been erratic. The Medical - Supplies group is currently low ranked, which is bad news concerning the L criteria.
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A N
S L
I M
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CATM
- NASDAQ - DIVERSIFIED SERVICES - Business/Management Services
Cardtronics Inc
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$15.23 |
-0.28
-1.81%
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$15.51
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$15.98
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-4.69% |
316,871
87.82%
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360,800
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Most Recent Note for CATM - 10/12/2010 12:35:24 PM
Pulling back toward its 50 DMA line today. It never really distanced itself from the stubborn resistance in the $15 area after it negatively reversed when noted in the 10/01/10 mid-day report. Prior gains were backed by above average volume, and no overhead supply remains to hinder its progress. For the quarter ended June 30, 2010 it reported +53% earnings on +7% sales versus the year ago period, continuing its solid earnings trend. Sales revenues were reported in the -4% to +11% range for the past 7 comparisons, however, leaving fundamental concerns. It found support well above its 200 DMA line but endured heavy distribution since noted in the mid-day report on 4/30/10 following a Secondary Offering completed 3/31/10. Another Secondary Offering was just completed on 8/18/10.
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A N
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I M
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CHKP
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Security Software & Services
Check Point Sftware Tech
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$39.10 |
+0.82
2.13%
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$39.10
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$39.18
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-0.22% |
2,003,398
94.90%
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2,111,000
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Most Recent Note for CHKP - 10/12/2010 12:40:22 PM
Hit a new 52-week high today, adding to a recent streak of gains after breaking out in late-September from a cup-with-handle type base completed since noted in the 8/25/10 mid-day report with an 18-week cup shaped base - "This Israel-based Computer Software - Security firm has earned high ranks and has a history of steady sales revenues and earnings increases (not showing acceleration) below or borderline with fact-based investment system's minimum guidelines. "
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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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$25.78 |
+0.11
0.43%
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$25.89
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$26.40
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-2.35% |
60,200
231.54%
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26,000
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Most Recent Note for FSRV - 10/12/2010 12:41:50 PM
This Canadian Real Estate firm has been recently churning to new 52 week high ground. A streak of volume-driven gains was noted in recent mid-day reports as it was observed - "Historic earnings and sales revenues have been below guidelines of the fact-based investment system."
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JKS
- NYSE - ENERGY - Other
Jinkosolar Hldg Co Ads
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$30.60 |
-0.03
-0.10%
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$32.69
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$33.53
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-8.74% |
837,880
125.15%
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669,500
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Most Recent Note for JKS - 10/12/2010 12:55:05 PM
Churning a lot of volume in recent weeks while not making meaningful new price progress (distributional action) and consolidating above its 50 DMA line. It has been digesting big gains tallied since its first appearance in the 8/09/10 mid-day report. The hotbed of trading (average daily volume 690,000 shares) may be volatile due to its small supply (S criteria) of only 21.7 million shares outstanding. Noted in prior mid-day reports -"Well up from its $11 IPO on 5/14/10 after a streak of consecutive gains. Limited sales and earnings history is below guidelines. "
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MSB
- NYSE - FINANCIAL SERVICES - Diversified Investments
Mesabi Trust
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$41.61 |
-1.37
-3.19%
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$43.00
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$43.58
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-4.52% |
908,461
289.87%
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313,400
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Most Recent Note for MSB - 10/12/2010 12:56:54 PM
Pulling back from its 52-week high today, yet up from the session's earlier lows. Noted in recent mid-day reports - "Getting even more extended from the cup-with-handle type base pattern previously noted. The 3 latest quarters showed impressive increases but prior quarterly and annual earnings history has been below guidelines of the fact-based investment system."
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NPO
- NYSE - Machinery-Gen Industrial
Enpro Industries Inc
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$33.24 |
+0.09
0.27%
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$33.50
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$35.11
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-5.33% |
174,908
124.31%
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140,700
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Most Recent Note for NPO - 10/12/2010 1:03:32 PM
Recently rallying near its 52-week high. Showed solid earnings and sales increases in the 2 latest quarterly comparisons, however prior quarters showed lackluster results and a streak of negative comparisons. A downward turn in its FY '09 earnings is a flaw with respect to the A criteria. Current earnings per share should be up +25% or more and in many cases accelerating in recent quarters. Quarterly sales should also be up +25% or more or accelerating over prior quarters.
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SYNT
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Information Technology Service
Syntel Inc
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$47.30 |
-0.29
-0.60%
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$47.51
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$47.73
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-0.90% |
88,515
108.34%
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81,700
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Most Recent Note for SYNT - 10/12/2010 1:07:09 PM
Rallying near its 52 week high. Sales revenues improved in recent quarterly comparisons but its earnings history does not match favorably with the C and A criteria.
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TQNT
- NASDAQ - ELECTRONICS - Semiconductor - Integrated Cir
Triquint Semiconductor
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$9.28 |
+0.19
2.04%
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$9.44
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$9.85
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-5.84% |
7,264,365
186.92%
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3,886,400
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Most Recent Note for TQNT - 10/12/2010 1:12:34 PM
It has endured more distributional pressure including a gap down lows on higher volume since noted in the 10/05/10 mid-day report as it touched a new 52-week high before negatively reversing. Noted in prior mid-day reports - "Rising after its considerable 9/22/10 breakout gain with very heavy volume. Sales revenues and earnings increases in the 3 latest quarterly comparisons showed great improvement, but its annual earnings (A criteria) since FY '07 have been flat."
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WYNN
- NASDAQ - LEISURE - Gaming Activities
Wynn Resorts Ltd
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$103.22 |
+1.44
1.41%
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$104.58
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$104.58
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-1.30% |
4,080,248
153.51%
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2,658,000
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Most Recent Note for WYNN - 10/12/2010 1:21:07 PM
Hit another new 52-week high today. Noted in the 2 prior mid-day reports after 5 months of base building in the $71-95 range - "Its latest quarterly comparisons showed improving sales and earnings but its prior earnings history is below guidelines of the fact-based investment system. Based on weak technical action it was dropped from the Featured Stocks list 11/8/07 and subsequently fell from $136 to as low as $14.50 in March '09 before rebounding. Traded up +43% after it was featured in the 8/26/07 Special Report titled 'Stocks That Should Now Be On Your Watch List' with annotated graphs and commentary including our detailed CANSLIM.net Profile, What To Look For And What To Look Out For, and Technical Analysis summaries (read here)."
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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.
Any recommendation contained in this report may not
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,
service marks and trade names appearing in this report
are the property of their respective owners, and are
likewise used for identification purposes only.
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