Mid-Day Breakouts Report - Wednesday, December 29th, 2010

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, DECEMBER 29TH, 2010
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DOW 11615.31 39.77 (0.34%) | NASDAQ 2669.93 7.05 (0.26%) | S&P 500 1261.28 2.77 (0.22%)

Time of Screening : 12/29/2010 12:29:55 PM Report Released : 12/29/2010 1:00:34 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
ROVI - NASDAQ Rovi Corp	$60.12	+1.87 3.21%	$60.27	804,837 73.65% of 50 DAV 50 DAV is 1,092,800	$60.27 -0.25%	10/29/2010	$49.99	PP = $53.10 MB = $55.76
Most Recent Note - 12/29/2010 12:59:00 PM G - Hit a new 52-week high today, and there is no overhead supply to act as resistance. It is today's best gainer on the Featured Stocks list. ROVI has not built a sound base and is currently extended from a proper buy point based on the investment system guidelines. Prior chart highs and its 50 DMA line define near-term support to watch in the $53-54 area. >>> The latest Featured Stock Update with an annotated graph appeared on 12/13/2010. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ACET - NASDAQ - CHEMICALS - Specialty Chemicals Aceto Corp	$9.05	+0.12 1.34%	$9.06	$9.18	-1.42%	112,710 70.58%	159,700
Most Recent Note for ACET - 12/29/2010 12:36:44 PM Hovering near its 52-week high, stubbornly holding its ground after recent volume-driven gains since finding support at its 50 DMA line. Noted after its 10/07/10 breakout in several October mid-day reports, and last noted in the 12/08/10 mid-day report - "This low-priced stock has an up and down annual earnings (A criteria) history. Recent quarterly comparisons show improving sales revenues and earnings after a streak of 5 negative comparisons."
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AGU - NYSE - CHEMICALS - Agricultural Chemicals Agrium Inc	$89.57	+3.31 3.84%	$89.75	$89.75	-0.20%	1,797,250 101.43%	1,771,900
Most Recent Note for AGU - 12/29/2010 12:33:23 PM Considerable gain today with above average volume for a new 52-week high. Recent quarters showed improving sales and earnings but its prior history is below guidelines of the fact-based investment system. Based on weak technical action it was dropped from the Featured Stocks list 7/25/08, and it subsequently dropped from $84.18 to $22.08 before rebounding.
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AXTI - NASDAQ - ELECTRONICS - Semiconductor - Integrated Cir A X T Inc	$10.45	+0.37 3.67%	$10.46	$10.45	0.00%	733,541 133.78%	548,300
Most Recent Note for AXTI - 12/29/2010 12:38:21 PM Considerable gain today with above average volume for yet another new 52-week high. Prior mid-day reports noted - "Recent quarters show sales and earnings improving but prior history is below the fact-based system's guidelines. It steadily advanced throughout this year, building orderly base-on-base type patterns, and recently broke out above its 2008 high. Low-priced stocks are riskier choices, and its 'late stage' breakout on Friday came from another short consolidation, not a sound looking base."
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BPT - NYSE - ENERGY - Oil & Gas Refining & Marketing B P Prudhoe Bay Rylty Tr	$128.99	+3.41 2.71%	$129.23	$129.23	-0.19%	117,141 102.85%	113,900
Most Recent Note for BPT - 12/29/2010 12:40:11 PM Hitting new all-time highs with this week's gains. It found prompt support at its 50 DMA line and prior mid-day reports noted - "Erratic sales and earnings history is a concern for this firm residing in the Oil and Gas - Royalty Trust group."
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CRNT - NASDAQ - TELECOMMUNICATIONS - Communication Equipment Ceragon Networks Ltd	$13.26	+0.66 5.24%	$13.30	$13.30	-0.30%	224,852 95.36%	235,800
Most Recent Note for CRNT - 12/29/2010 12:47:02 PM Hit a new 52-week high with a gap up gain today. Recent quarters show sales and earnings improving but prior history is below the fact-based system's guidelines. Based on the weak action it was dropped from the Featured Stocks list 11/7/07 and subsequently slumped from $14 to as low as $3.90 before rebounding.
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DDS - NYSE - RETAIL - Department Stores Dillards Inc	$38.00	+0.06 0.16%	$38.42	$38.73	-1.88%	809,356 84.25%	960,700
Most Recent Note for DDS - 12/29/2010 12:49:16 PM Holding its ground stubbornly and rising to new 52-week highs since last noted in the 12/02/10 mid-day report following a gap up after a 6-month cup shaped base - "Its sales revenues are not growing, and its earnings history and other characteristics are below the investment system's guidelines."
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DXPE - NASDAQ - WHOLESALE - Industrial Equipment Wholesale D X P Enterprises Inc	$24.36	+0.21 0.87%	$24.43	$24.61	-1.02%	42,120 81.31%	51,800
Most Recent Note for DXPE - 12/29/2010 12:50:42 PM The 12/27/10 mid-day report noted - "Perched near its 52-week high following small gains without great volume conviction. It made steady progress since a breakout on 11/02/10, followed by a 11/24/10 breakout from a longer base-on-base type pattern. The C and A criteria are not satisfied today. Based on weak action it was dropped from the Featured Stocks list on 10/03/08 and fundamentals deteriorated afterward while it slumped from above $21 to as low as $8.57 before rebounding. The latest quarter Jun and Sept '10 showed better sales revenues and earnings after at least 4 quarters of negative comparisons."
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MEAS - NASDAQ - MANUFACTURING - Industrial Electrical Equipmen Measurement Specialties	$29.11	+0.05 0.18%	$29.28	$29.95	-2.80%	125,070 143.26%	87,300
Most Recent Note for MEAS - 12/29/2010 12:52:09 PM Perched near its 52-week high, extended from any sound base after steadily rallying following its late-September breakout with a streak of volume driven-gains. he 12/17/10 mid-day report noted - "Recent quarterly comparisons show improving sales and earnings versus year ago losses or minuscule earnings. Its annual earnings (A criteria) history is below guidelines of the fact-based system. Fundamentals deteriorated after it was dropped from the Featured Stocks list on 12/14/2007. It subsequently fell from $23.15 to as low as $2.30. Its impressive rebound makes it an interesting turnaround story."
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MVO - NYSE - ENERGY - Oil & Gas Drilling & Explorati M V Oil Trust	$38.85	+1.17 3.11%	$39.08	$39.08	-0.59%	80,336 84.21%	95,400
Most Recent Note for MVO - 12/29/2010 12:52:51 PM Hit yet another new all-time high today, getting more extended from any sound base. Prior mid-day reports have noted - "Recent quarters show sales and earnings improving but prior history is below the fact-based system's guidelines."
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NVEC - NASDAQ - ELECTRONICS - Semiconductor - Specialized N V E Corp	$57.20	+1.23 2.20%	$57.43	$58.41	-2.07%	33,273 135.26%	24,600
Most Recent Note for NVEC - 12/29/2010 12:55:24 PM Enduring distributional pressure this week after a steady rally to new 52-week highs. Recent quarters show sales and earnings improving but growth history is below the fact-based system's guidelines. Based on the poor technical action it was dropped from the Featured Stocks list on 10/19/09. NVEC had traded up as much as +88% after first being featured in yellow at $33.85 on 3/13/09 in the mid-day report (read here).
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SCS - NYSE - CONSUMER DURABLES - Business Equipment Steelcase Inc	$10.63	-0.06 -0.58%	$10.79	$10.85	-2.05%	357,491 61.14%	584,700
Most Recent Note for SCS - 12/29/2010 1:00:16 PM Recent quarters show sales and earnings improving but prior history is below the fact-based system's guidelines. It is extended from any sound base pattern.
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