The market embraced a positive view on global growth after a statement from leaders of G-8 nations suggesting that the global economy is gaining strength. A better-than-forecast reading of U.S. consumer sentiment was also a positive factor. However, gloomy news on the housing industry hurt sentiment as pending home sales in April plunged 11.6% from March. Bad weather in many parts of the country may have affected sales.

CVS Caremark Corp (CVS +1.7%) rallied after the company won a big government contract. Meanwhile, there was a big loss for Medco-Health Solutions Inc (MHS -8.97%), which previously held the contract. Marvell Technology Group Ltd (MRVL +11.1%) rallied after its optimistic forecast eased concerns that the personal computer market is in a slump.  

The stock market has been recovering from losses early this week which caused the Nasdaq Composite Index, S&P 500 Index, and Dow Jones Industrial Average to violate their respective 50--day moving average (DMA) lines. All of the above mentioned indexes managed to close the week back above their 50 DMA lines after Friday's gains. The indices' respective April lows define the next important chart levels to watch in the event of additional weakness. The weak technical action in the major indices has raised greater concerns.  The recent slump suggested that market (M criteria) conditions have deteriorated from an "uptrend under pressure" to what may be a longer and more substantial correction. Until the nascent rally attempt produces a solid follow-through day as confirmation, disciplined investors know it is probably best to avoid new buying efforts and stay with a defensive stance. 

PICTURED: The Nasdaq Composite Index posted a third consecutive gain to quietly close the week above its 50-day moving average (DMA) line.

The Broker/Dealer Index ($XBD +1.35%) and Bank Index ($BKX +1.37%) posted gains on Friday. The bank index closed at its 200-day moving average (DMA) line while the broker/dealer index remains below its long-term average. The Retail Index ($RLX -0.09%) ended with a small loss, meanwhile the tech sector had a positive bias as the Networking Index ($NWX +0.95%), Semiconductor Index ($SOX +1.13%), and Internet Index ($IIX +0.64%) posted gains outpacing the Biotechnology Index ($BTK +0.10%). Defensive groups had a positive bias as the Gold & Silver Index ($XAU +1.47%) and Healthcare Index ($HMO +0.72%) rose.  Energy-related issues were mixed as the Oil Services Index ($OSX -0.37%) edged lower and the Integrated Oil Index ($XOI +0.55%) posted a modest gain.

Charts courtesy www.stockcharts.com

PICTURED: The Bank Index ($BKX +1.37%) posted rallied to its 200-day moving average (DMA) line.  Its worrisome series of lower highs and lower lows remains a concern until more meaningful progress is made.

Following its last appearance in this FSU section on 5/03/11 with an annotated graph under the headline, "Distributional Pressure After +115% Rally In Under 7 Months", it had been consolidating above its 50-day moving average (DMA) line while volume totals cooled. LULU was first featured in yellow at $47.66 in the October 8, 2010 mid-day report report (read here) and it traded up as much as +115.7% in less than 7 months. 

The number of top-rated funds owning its shares fell to 297 in Mar '11 from 303 in Dec '10, which is a slightly disconcerting indication concerning the I criteria.  Its board of directors recently approved a 2-for-1 stock split (pending). The 5 latest quarterly comparisons showed strong sales revenues and impressive earnings increases (C criteria), and it maintained a good annual earnings history (A criteria) despite a patch of negative comparisons in early '09. 

Color Codes Explained :
Y - Better candidates highlighted by our staff of experts.
G - Previously featured in past reports as yellow but may no longer be buyable under the guidelines.

***Last / Change / Volume data in this table is the closing quote data***

Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (% 50 day avg vol)	52 Wk Hi % From Hi	Featured Date	Price Featured	Pivot Featured
								Max Buy
CEVA - NASDAQ Ceva Inc ELECTRONICS - Semiconductor - Specialized	$34.23	+0.88 2.64%	$34.34	284,577 133.67% of 50 DAV 50 DAV is 212,900	$33.85 1.12%	5/25/2011	$32.98	PP = $32.05
								MB = $33.65
Most Recent Note - 5/27/2011 3:51:46 PM G - Hit another new 52-week high today with above average volume while rising beyond its "max buy" level. Color code is changed to green after getting extended more than +5% above prior highs. The M criteria is an overriding concern arguing against new buying efforts until a follow-through day from at least one of the major averages confirms a new rally. >>> The latest Featured Stock Update with an annotated graph appeared on 5/25/2011. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
CMG - NYSE Chipotle Mexican Grill LEISURE - Restaurants	$292.94	+2.06 0.71%	$293.99	765,121 69.79% of 50 DAV 50 DAV is 1,096,300	$291.21 0.59%	4/1/2011	$274.00	PP = $275.10
								MB = $288.86
Most Recent Note - 5/26/2011 3:19:38 PM G - Inching higher today with very quiet volume while reaching a new all-time high, and no resistance remains due to overhead supply. Formed a 5-week base with volume totals cooling in recent weeks while finding support near its 50 DMA line. Its sub par earnings increase of +23% in the latest quarter ended March 31st, 2011 versus the year ago period raised concern while marking its weakest quarterly earnings increase in more than 2 years. >>> The latest Featured Stock Update with an annotated graph appeared on 5/17/2011. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
EZPW - NASDAQ Ezcorp Inc Cl A SPECIALTY RETAIL - Specialty Retail, Other	$31.21	+0.15 0.48%	$31.31	251,123 72.54% of 50 DAV 50 DAV is 346,200	$33.08 -5.65%	2/18/2011	$27.94	PP = $30.04
								MB = $31.54
Most Recent Note - 5/23/2011 4:16:24 PM G - Small loss on light volume after gapping down today. Continuing its healthy consolidation above its 50 DMA line. It has not formed a sound new base pattern. Recent lows define important nearby chart support to watch where technical violations would raise more serious concerns. >>> The latest Featured Stock Update with an annotated graph appeared on 5/10/2011. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
FOSL - NASDAQ Fossil Inc CONSUMER DURABLES - Recreational Goods, Other	$105.28	+0.13 0.12%	$106.00	299,710 37.12% of 50 DAV 50 DAV is 807,500	$107.54 -2.10%	2/1/2011	$73.30	PP = $74.44
								MB = $78.16
Most Recent Note - 5/26/2011 2:52:20 PM G - Volume totals have been cooling while consolidating in a tight range since its considerable gap up gain on 5/10/11 for a new all-time high. It is extended from any sound base. Prior highs near $96 define initial support to watch above its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 5/2/2011. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
HMSY - NASDAQ H M S Holdings Corp COMPUTER SOFTWARE and SERVICES - Healthcare Information Service	$77.67	+0.34 0.44%	$77.96	61,096 37.81% of 50 DAV 50 DAV is 161,600	$84.82 -8.43%	11/19/2010	$61.89	PP = $63.01
								MB = $66.16
Most Recent Note - 5/23/2011 4:20:53 PM G - Small gap down today on near average volume. Its has lingered for the past 3 weeks below its 50 DMA line which may now act as resistance. A rally above it would improve its technical stance. Deterioration below its recent chart low ($73.27) would raise more serious concerns and trigger an additional sell signal. >>> The latest Featured Stock Update with an annotated graph appeared on 5/23/2011. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (% 50 day avg vol)	52 Wk Hi % From Hi	Featured Date	Price Featured	Pivot Featured
								Max Buy
HS - NYSE Healthspring Inc HEALTH SERVICES - Health Care Plans	$42.67	+0.20 0.47%	$42.95	485,691 49.58% of 50 DAV 50 DAV is 979,700	$45.11 -5.41%	3/22/2011	$38.29	PP = $38.85
								MB = $40.79
Most Recent Note - 5/24/2011 4:47:03 PM G - Down on light volume today for a third consecutive loss, slumping toward prior highs closely coinciding with its 50 DMA line which define important chart support to watch. Violations would trigger technical sell signals. >>> The latest Featured Stock Update with an annotated graph appeared on 5/20/2011. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
INFA - NASDAQ Informatica Corp COMPUTER SOFTWARE and SERVICES - Business Software and Services	$57.85	+1.58 2.81%	$58.31	1,702,452 156.92% of 50 DAV 50 DAV is 1,084,900	$56.49 2.41%	3/24/2011	$50.04	PP = $49.86
								MB = $52.35
Most Recent Note - 5/27/2011 2:16:02 PM G - Hitting a new 52-week high today with a 3rd consecutive gain. This high-ranked Computer Software - Database firm did not form a sound new base pattern. Its 50 DMA line defines near-term support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 5/24/2011. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
LULU - NASDAQ Lululemon Athletica MANUFACTURING - Textile Manufacturing	$90.08	-1.67 -1.82%	$91.65	3,454,871 165.54% of 50 DAV 50 DAV is 2,087,000	$102.83 -12.40%	5/18/2011	$98.15	PP = $102.93
								MB = $108.08
Most Recent Note - 5/27/2011 2:05:41 PM G - Down again today with above average volume, slumping further below its 50 DMA line triggering technical sell signals with damaging losses on above average volume. This high-ranked Retail-Apparel firm's color code was changed to green. It failed to confirm a recent buy signal since a new pivot point was recently cited. >>> The latest Featured Stock Update with an annotated graph appeared on 5/27/2011. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
MG - NYSE Mistras Group Inc DIVERSIFIED SERVICES - Bulding and Faci;ity Management Services	$16.79	-0.15 -0.89%	$17.03	42,115 26.00% of 50 DAV 50 DAV is 162,000	$18.46 -9.05%	3/15/2011	$15.48	PP = $15.90
								MB = $16.70
Most Recent Note - 5/26/2011 2:55:07 PM G - Today's gain on light volume has it approaching its 50 DMA line. Gains above that short-term average would help its outlook, technically, meanwhile the recent low ($15.44 on 5/05/11) defines the next chart support. Completed a new Public Offering on 5/05/11. >>> The latest Featured Stock Update with an annotated graph appeared on 5/12/2011. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
MWIV - NASDAQ M W I Veterinary Supply HEALTH SERVICES - Medical Instruments and; Supplies	$82.67	+0.31 0.38%	$83.04	59,599 69.22% of 50 DAV 50 DAV is 86,100	$86.99 -4.97%	11/4/2010	$61.79	PP = $59.60
								MB = $62.58
Most Recent Note - 5/26/2011 2:57:20 PM G - Hovering in a tight trading range just above its 50 DMA and near its all-time high with volume totals still cooling since 5/05/11. Stubbornly holding its ground, but it has not formed a sound base pattern. Its 50 DMA line defines important support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 5/5/2011. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (% 50 day avg vol)	52 Wk Hi % From Hi	Featured Date	Price Featured	Pivot Featured
								Max Buy
OPNT - NASDAQ Opnet Technologies INTERNET - Internet Software and Services	$39.56	+0.28 0.71%	$39.96	113,288 91.58% of 50 DAV 50 DAV is 123,700	$42.51 -6.94%	5/11/2011	$41.21	PP = $40.50
								MB = $42.53
Most Recent Note - 5/26/2011 3:09:44 PM G - Up today with higher volume (but still below average) while repairing its brief 50 DMA line breach helps its outlook, technically. Its color code was changed to green after it completely negated its latest breakout, yet it now faces very little resistance due to overhead supply. >>> The latest Featured Stock Update with an annotated graph appeared on 5/11/2011. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
PCLN - NASDAQ Priceline.Com Inc INTERNET - Internet Software and Services	$501.44	-3.67 -0.73%	$509.65	627,003 56.14% of 50 DAV 50 DAV is 1,116,800	$561.88 -10.76%	1/3/2011	$399.55	PP = $428.20
								MB = $449.61
Most Recent Note - 5/23/2011 3:55:20 PM G - Gapped down today, violating its 50 DMA line again with a loss on higher volume indicative of more distributional pressure. Recent chart low ($493.67 on 5/17/11) defines an important near-term support level where further deterioration would raise even greater concerns. >>> The latest Featured Stock Update with an annotated graph appeared on 5/19/2011. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
RAX - NYSE Rackspace Hosting Inc INTERNET - Internet Software and; Services	$43.70	+1.04 2.44%	$43.72	1,571,181 89.20% of 50 DAV 50 DAV is 1,761,500	$46.50 -6.01%	3/16/2011	$36.28	PP = $40.72
								MB = $42.76
Most Recent Note - 5/27/2011 2:43:44 PM G - Up today for a 3rd consecutive gain with very light volume, consolidating above its 50 DMA line. It has not formed a sound new base pattern but may eventually form a new "late-stage" base. Meanwhile, deterioration below its recent chart low ($38.84 on 5/12/11) would trigger more worrisome technical sell signals. >>> The latest Featured Stock Update with an annotated graph appeared on 5/13/2011. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
TIBX - NASDAQ Tibco Software Inc COMPUTER SOFTWARE and SERVICES - Business Software and Services	$28.31	-0.39 -1.36%	$28.88	1,839,420 69.81% of 50 DAV 50 DAV is 2,634,800	$30.75 -7.93%	3/18/2011	$23.88	PP = $26.04
								MB = $27.34
Most Recent Note - 5/26/2011 3:05:24 PM G - Up today with light volume, positively reversing after starting the session with a small gap down just below its 50 DMA line and dipping near the recent low ($27.17). More damaging violations may trigger technical sell signals. >>> The latest Featured Stock Update with an annotated graph appeared on 5/18/2011. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
ULTA - NASDAQ Ulta Salon Cosm & Frag SPECIALTY RETAIL - Specialty Retail, Other	$55.25	+0.70 1.28%	$55.29	306,283 62.04% of 50 DAV 50 DAV is 493,700	$56.87 -2.85%	1/6/2011	$36.12	PP = $37.34
								MB = $39.21
Most Recent Note - 5/26/2011 2:49:14 PM G - Rallying within close striking distance of its all-time high today after finding support above its 50 DMA line this week. It is extended from any sound base pattern. >>> The latest Featured Stock Update with an annotated graph appeared on 5/26/2011. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (% 50 day avg vol)	52 Wk Hi % From Hi	Featured Date	Price Featured	Pivot Featured
								Max Buy