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AFTER MARKET UPDATE - WEDNESDAY, OCTOBER 20TH, 2010
Previous After Market Report Next After Market Report >>>
Indices NYSE Nasdaq
DOW  +129.35 11,107.97 +1.18% Volume 1,102,977,120 -13% Volume 1,974,208,200 -13%
NASDAQ +20.44 2,457.39 +0.84% Advancers 2,245 72% Advancers 1,878 68%
S&P 500 +12.27 1,178.17 +1.05% Decliners 774 25% Decliners 789 29%
Russell 2000 +7.96 702.11 +1.15% 52 Wk Highs 185   52 Wk Highs 94  
S&P 600 +3.47 373.02 +0.94% 52 Wk Lows 7   52 Wk Lows 24  

Earnings News Inspires Solid Gains While Volume Totals Cool

Lighter volume totals on the NYSE and on the Nasdaq exchange marked a reversal of fortune on Wall Street, as the Dow recovered much of Tuesday’s sell-off. The Dow rose as many as 174 points before closing up 129 points at 11,107.  Compared to Tuesday's session totals, lighter totals on Wednesday showed a lack of great buying demand from the institutional crowd after the market's latest bout of distribution.  There were 39 high-ranked companies from the CANSLIM.net Leaders List making new 52-week highs and appearing on the CANSLIM.net BreakOuts Page, up from the total of 15 issues that hit the BreakOuts Page on the prior session. The NYSE saw advancers lead decliners by about a 3-to-1 ratio while the Nasdaq exchange totals were tilted about 2-to-1 in favor of advancers. New 52-week highs still outnumbered new 52-week lows on both exchanges, and new lows on the NYSE remained in the single digits.

Earnings news was a catalyst as the latest batch of corporate reports boosted confidence. Yahoo Inc (YHOO +2.1%) beat estimates and Boeing Co (BA +3.3%) beat estimates. Airline stocks were inspired to gain altitude after Delta Air Lines Inc (DAL +10.8%) beat estimates and American Airlines parent AMR Corp (AMR +12.6%) posted its first profit in seven quarters. Eli Lilly & Co (LLY -3.8%) slumped after the company failed to win approval for a weekly diabetes drug. 

The dollar was lower against major currencies. Crude oil jumped more than $2 a barrel, pushing energy stocks higher.  The Federal Reserve’s regional survey did nothing to dispel expectations that the Fed will engage in another round of asset buying. The Beige Book report showed the U.S. economy expanded at only a modest pace in September and showed few signs of accelerating.

While many leading stocks have recently been pausing to consolidate their prior gains, very few Featured Stocks have broken down versus those that are working. Volume and volatility typically increase during earnings season. Be sure to check "News" links for headlines and be watching for notes concerning when companies will be reporting results for the latest quarter. Always employ proper discipline by not chasing extended stocks and never holding losses that grow larger than -7-8%, per the fact-based system's guidelines.

PICTURED: The Nasdaq Composite Index is perched only -3% off its April 2010 peak after Wednesday's gain.


Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.

Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. 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.


Biotech Index Slumped, Lagging Other Groups

Modest gains from the Retail Index ($RLX +0.86%) and financial stocks underpinned the rally on Wednesday as the Broker/Dealer Index ($XBD +0.95%) and Bank Index ($BKX -0.50%) tallied small gains.  The Commodity-linked groups rose as the Gold & Silver Index ($XAU +1.72%), Oil Services Index ($OSX +1.07%), and Integrated Oil Index ($XOI +1.32%) gained more than +1% each.  There were solid gains for the Networking Index ($NWX +1.92%) and Internet Index ($IIX +1.15%), with a smaller gain for the Semiconductor Index ($SOX +0.62%).  The Healthcare Index ($HMO +2.15%) spurted higher, but the Biotechnology Index ($BTK -1.25%) was a laggard for the session as it ended in the red.

Charts courtesy www.stockcharts.com

PICTURED: The Biotechnology Index ($BTK -1.25%) is slumping toward its 50 DMA line for the first time since early September.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  204.01 +2.15 +1.07% +4.66%
Healthcare $HMO  1,652.11 +34.73 +2.15% +12.16%
Integrated Oil $XOI  1,082.36 +14.12 +1.32% +1.32%
Semiconductor $SOX  351.78 +2.16 +0.62% -2.26%
Networking $NWX  258.92 +4.88 +1.92% +12.06%
Internet $IIX  285.03 +3.25 +1.15% +21.88%
Broker/Dealer $XBD  108.71 +1.02 +0.95% -5.51%
Retail $RLX  460.84 +3.92 +0.86% +12.09%
Gold & Silver $XAU  198.79 +3.36 +1.72% +18.15%
Bank $BKX  45.80 -0.23 -0.50% +7.23%
Biotech $BTK  1,149.66 -14.58 -1.25% +22.03%


Consolidating After Solid Gains Since Featured Early This Year

Rovi Corp (ROVI +$0.46 or +0.94% to $49.47) posted a small gain today on lighter volume. It had finished in the upper third of its intra-day range on the prior session after briefly trading under its 10/07/10 low.  Its short-term average served as support since its last appearance in this FSU section on 8/24/10 under the headline "Near 50 DMA and Important Support After Loss On Heavy Volume" after sinking near its 50-day moving average (DMA) line. A single close below that important short-term average on 9/17/10 was promptly followed by a big gap up gain with 5.3 million shares. That "breakaway gap" was a sign of hearty buying demand from the institutional crowd (I criteria) as it blasted to a new 52-week high (N criteria) and confirmed a new technical buy signal. 

ROVI has traded up more than +47% since first featured on 2/25/10 (read here), after building long base-on-base type patterns. Prior resistance in the $45 area and its 50 DMA line define important support to watch now. Violations may trigger technical sell signals and prompt investors to limit losses or lock in profits.  Meanwhile, if it continues its healthy consolidation another sound new base may form and offer another opportunity to accumulate shares without chasing it too far above prior chart highs.


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
ABV - NYSE
Comp De Bebidas Adr
FOOD and BEVERAGE - Beverages - Brewers  
$139.41 +1.78
1.29%

$140.45

556,755
89.96% of 50 DAV
50 DAV is 618,900
$141.97
-1.80%
6/29/2010 $104.74 PP = $109.33
MB = $114.80
Most Recent Note - 10/19/2010 4:34:32 PM
G - This Brazil-based beverage firm's loss today broke a streak of 12 consecutive gains for new 52-week highs. It is very extended from a sound base, and its 50 DMA line ($117.73 now) defines support.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/11/2010. Click here.

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ARUN - NASDAQ
Aruba Networks Inc
COMPUTER HARDWARE - Networking andamp; Communication Dev  
$19.50 +0.28
1.46%

$19.68

1,857,920
77.16% of 50 DAV
50 DAV is 2,408,000
$22.80
-14.47%
8/30/2010 $18.12 PP = $18.51
MB = $19.44
Most Recent Note - 10/20/2010 4:56:55 PM
G - Gain today with lighter volume, closing near its 50 DMA line after trading below it this week. Slumped near its prior low noted as an important support level to watch along with its short-term average. More damaging losses leading to technical violations would raise concerns.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/2/2010. Click here.

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BIDU - NASDAQ
Baidu Inc Ads
INTERNET - Internet Information Providers  
$100.01 -0.81
-0.80%

$102.13

12,224,423
119.94% of 50 DAV
50 DAV is 10,192,100
$107.19
-6.70%
9/17/2010 $85.73 PP = $88.42
MB = $92.84
Most Recent Note - 10/19/2010 12:48:15 PM
G - A solid gain with above average volume fell short of a new high close by only 42 cents on the prior session. After 3 very tight weekly closes, the nearest support is prior highs and its 50 DMA line in the $88-90 area. Due to report earnings on Thursday, 10/21/10.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/7/2010. Click here.

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CACC - NASDAQ
Credit Acceptance Corp
FINANCIAL SERVICES - Credit Services  
$58.44 +0.56
0.97%

$59.03

5,864
17.61% of 50 DAV
50 DAV is 33,300
$63.45
-7.89%
7/29/2010 $52.04 PP = $54.07
MB = $56.77
Most Recent Note - 10/19/2010 4:20:25 PM
G - Its 50 DMA line is still acting as resistance, and a convincing rebound above it would help its outlook improve. The recent chart low ($55.07 on 10/04/10) is the nearest chart support level to watch above its long ago chart highs ($53.97).
>>> The latest Featured Stock Update with an annotated graph appeared on 9/30/2010. Click here.

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CMG - NYSE
Chipotle Mexican Grill
LEISURE - Restaurants  
$180.75 -1.11
-0.61%

$182.99

738,571
122.24% of 50 DAV
50 DAV is 604,200
$184.47
-2.02%
9/1/2010 $158.31 PP = $155.52
MB = $163.30
Most Recent Note - 10/19/2010 4:08:05 PM
G - Recently inching to new all-time highs with near average volume behind recent gains while getting extended from a sound base pattern. Its 50 DMA line (now $164.53) defines chart support above its prior highs in the $155 area.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/1/2010. Click here.

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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
CTRP - NASDAQ
Ctrip.Com Intl Ltd Adr
LEISURE - Resorts and Casinos  
$50.03 +0.88
1.79%

$50.97

985,282
56.63% of 50 DAV
50 DAV is 1,739,900
$50.98
-1.86%
9/24/2010 $46.75 PP = $47.11
MB = $49.47
Most Recent Note - 10/20/2010 4:47:47 PM
G - Gain today with lighter volume, closing back above its "max buy" level. Prior highs in the $47 area define support to watch above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/28/2010. Click here.

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EBIX - NASDAQ
Ebix Inc
COMPUTER SOFTWARE and SERVICES - Business Software and Services  
$23.75 -0.08
-0.34%

$24.05

248,345
41.01% of 50 DAV
50 DAV is 605,500
$25.61
-7.26%
9/23/2010 $21.78 PP = $22.74
MB = $23.88
Most Recent Note - 10/20/2010 4:51:14 PM
Y - Consolidating in a healthy manner with volume totals cooling since its negative reversal on 10/06/10. Tight closes in the past 3 weeks (best viewed on its weekly chart) are not considered an advanced "3-weeks tight" type pattern due to its lack of significant progress above the pivot point recently cited. (JOBS was recently noted as a better example of a "3 weeks tight" pattern.)
>>> The latest Featured Stock Update with an annotated graph appeared on 9/24/2010. Click here.

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EGO - NYSE
Eldorado Gold Corp
METALS and MINING - Gold  
$17.25 +0.23
1.35%

$17.51

4,512,525
95.35% of 50 DAV
50 DAV is 4,732,400
$20.23
-14.73%
8/19/2010 $18.25 PP = $19.17
MB = $20.13
Most Recent Note - 10/20/2010 4:53:35 PM
G - Gain today with lighter volume leaves it -14.7% off its 9/15/10 high. A damaging loss raised concerns while technically violating the previously noted low ($17.65) identified as "an important chart support level."
>>> The latest Featured Stock Update with an annotated graph appeared on 10/12/2010. Click here.

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FFIV - NASDAQ
F 5 Networks Inc
INTERNET - Internet Software and Services  
$91.93 +0.94
1.03%

$93.26

2,356,603
110.00% of 50 DAV
50 DAV is 2,142,300
$112.05
-17.96%
6/16/2010 $74.50 PP = $74.10
MB = $77.81
Most Recent Note - 10/20/2010 4:10:09 PM
G - Small gain with only average volume today after heavier volume losses led to 50 DMA line violations. That short-term average may now act as resistance.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/13/2010. Click here.

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FOSL - NASDAQ
Fossil Inc
CONSUMER DURABLES - Recreational Goods, Other  
$53.97 +0.54
1.01%

$54.49

464,228
56.83% of 50 DAV
50 DAV is 816,800
$55.51
-2.77%
10/20/2010 $54.12 PP = $55.61
MB = $58.39
Most Recent Note - 10/20/2010 2:24:36 PM
Y - Volume totals have generally been cooling while consolidating in a tight range near all-time highs with no overhead supply remaining to act as resistance. The color code is changed to yellow with a new pivot point cited while considering it an advanced "3-weeks tight" type set-up pattern. A subsequent breakout with great volume conviction could trigger a new (or add-on) buy signal. The nearby chart support level to watch is its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/5/2010. Click here.

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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
HMSY - NASDAQ
H M S Holdings Corp
COMPUTER SOFTWARE and SERVICES - Healthcare Information Service  
$59.65 -0.83
-1.37%

$60.74

133,149
77.37% of 50 DAV
50 DAV is 172,100
$62.91
-5.18%
9/27/2010 $57.97 PP = $58.36
MB = $61.28
Most Recent Note - 10/20/2010 5:03:18 PM
Y - Losses with light volume have it pulling back below its "max buy" level and its color code is changed to yellow. Prior highs in the $58 area define support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/27/2010. Click here.

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HS - NYSE
Healthspring Inc
HEALTH SERVICES - Health Care Plans  
$27.27 +1.05
4.00%

$27.45

388,540
55.67% of 50 DAV
50 DAV is 697,900
$27.49
-0.80%
8/27/2010 $19.91 PP = $19.75
MB = $20.74
Most Recent Note - 10/20/2010 2:11:38 PM
G - Perched near all-time highs, but wider intra-day swings in recent sessions are a sign of uncertainty. Earnings news is due on Thursday, October 28, 2010. Support to watch is prior chart highs in the $19-20 area.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/27/2010. Click here.

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IGTE - NASDAQ
Igate Corp
COMPUTER SOFTWARE and SERVICES - Information Technology Service  
$18.85 +0.57
3.12%

$18.97

431,879
94.30% of 50 DAV
50 DAV is 458,000
$19.45
-3.08%
9/8/2010 $17.29 PP = $18.26
MB = $19.17
Most Recent Note - 10/20/2010 2:16:28 PM
Y - Up today while continuing to trade in a tight trading range above important chart support at its 50 DMA line. Any damaging losses leading to violation of its 50 DMA line or recent chart low ($16.75 on 10/07/10) would raise concerns and trigger technical sell signals. Confirming gains with heavier volume for a new high close would be a reassuring sign of institutional buying demand.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/10/2010. Click here.

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JOBS - NASDAQ
Fifty One Job Inc Ads
DIVERSIFIED SERVICES - Staffing and; Outsourcing Service  
$43.56 +0.20
0.46%

$44.50

101,793
55.50% of 50 DAV
50 DAV is 183,400
$46.48
-6.28%
10/13/2010 $42.07 PP = $40.60
MB = $42.63
Most Recent Note - 10/19/2010 4:26:02 PM
G - Volume totals have been cooling while consolidating just above its "max buy" level following its big 10/13/10 gain.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/16/2010. Click here.

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LFT - NYSE
Longtop Financl Tech Ads
COMPUTER SOFTWARE and SERVICES - Business Software and Services  
$38.31 -0.38
-0.98%

$39.69

573,783
117.92% of 50 DAV
50 DAV is 486,600
$41.77
-8.28%
10/14/2010 $39.97 PP = $41.87
MB = $43.96
Most Recent Note - 10/19/2010 3:55:52 PM
Y - Gapped down, slumping today without great volume as it trades toward recent support near its 50 DMA line. It has formed a 10-month long flat base and maintained a very strong sales revenues and earnings track record. Its high volume and lack of meaningful price progress is a sign of distributional pressure since it returned to the Featured Stocks list on 10/14/10 and was noted - "Patient and disciplined investors will resist the urge to get in 'early' and wait for a proper buy signal."
>>> The latest Featured Stock Update with an annotated graph appeared on 10/14/2010. Click here.

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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
LULU - NASDAQ
Lululemon Athletica
MANUFACTURING - Textile Manufacturing  
$43.55 +0.24
0.55%

$44.26

655,417
57.82% of 50 DAV
50 DAV is 1,133,500
$48.45
-10.11%
10/8/2010 $47.66 PP = $46.67
MB = $49.00
Most Recent Note - 10/19/2010 3:45:51 PM
G - Loss today with above average volume marks its 6th loss in 7 sessions since its 10/08/10 technical breakout with heavier volume was noted. Color code is changed to green while slumping below prior highs in the $45-46 area.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/8/2010. Click here.

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MRX - NYSE
Medicis Pharmaceut Cl A
DRUGS - Biotechnology  
$30.39 +0.21
0.70%

$30.54

688,364
60.72% of 50 DAV
50 DAV is 1,133,600
$30.94
-1.78%
8/12/2010 $26.88 PP = $26.71
MB = $28.05
Most Recent Note - 10/19/2010 4:36:35 PM
G - Traded higher volume today while still consolidating near its 52-week high. Support levels to watch include its 50 DMA line and its recent chart lows.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/4/2010. Click here.

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MWIV - NASDAQ
M W I Veterinary Supply
HEALTH SERVICES - Medical Instruments and; Supplies  
$55.22 -0.23
-0.41%

$56.47

114,582
190.02% of 50 DAV
50 DAV is 60,300
$59.50
-7.19%
7/29/2010 $52.05 PP = $52.09
MB = $54.69
Most Recent Note - 10/20/2010 5:04:59 PM
G - Enduring more distributional pressure today, testing its 50 DMA line. A subsequent violation of that classic chart support level would raise greater concerns.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/7/2010. Click here.

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NEM - NYSE
Newmont Mining Corp
METALS and MINING - Gold  
$60.48 +0.55
0.92%

$61.53

5,107,787
82.97% of 50 DAV
50 DAV is 6,156,300
$65.50
-7.66%
8/31/2010 $61.32 PP = $63.48
MB = $66.65
Most Recent Note - 10/19/2010 10:21:29 AM
G - Gapped down today, violating its 50 DMA line amid weakness in the Mining - Gold/Silver/Gems group (L criteria). Color code is changed to green due to its technical deterioration, while more damaging losses would raise even greater concerns.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/14/2010. Click here.

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NEOG - NASDAQ
Neogen Corp
DRUGS - Diagnostic Substances  
$34.74 +0.39
1.14%

$35.39

48,036
46.19% of 50 DAV
50 DAV is 104,000
$36.37
-4.48%
9/1/2010 $30.79 PP = $30.49
MB = $32.01
Most Recent Note - 10/19/2010 3:50:24 PM
G - Gapped down today, suffering a considerable loss with below average volume after finishing the prior session at a new high close. Prior highs in the $30 area define initial support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/13/2010. Click here.

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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
NFLX - NASDAQ
Netflix Inc
SPECIALTY RETAIL - Music and Video Stores  
$153.15 +3.82
2.56%

$155.77

8,629,526
154.36% of 50 DAV
50 DAV is 5,590,400
$174.40
-12.18%
8/10/2010 $124.05 PP = $124.00
MB = $130.20
Most Recent Note - 10/20/2010 4:43:27 PM
G - Solid gain today with higher (near average) volume after recently slumping toward its prior chart low ($148.05) and 50 DMA line - important chart support levels to watch. Confined to trading in a tight range with volume totals continuing to cool in the weeks following the "negative reversal" at its all-time high on 9/30/10.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/1/2010. Click here.

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NTAP - NASDAQ
Netapp Inc
COMPUTER HARDWARE - Data Storage Devices  
$51.67 +0.67
1.31%

$52.41

6,098,304
70.69% of 50 DAV
50 DAV is 8,627,000
$51.77
-0.19%
9/8/2010 $46.98 PP = $44.99
MB = $47.24
Most Recent Note - 10/19/2010 4:22:30 PM
G - Considerable gain today with above average volume, matching its best-ever close. Its 50 DMA line and prior highs that now coincide to define chart support in the $45 area.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/8/2010. Click here.

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ORCL - NASDAQ
Oracle Corp
COMPUTER SOFTWARE and SERVICES - Application Software  
$28.64 -0.49
-1.68%

$29.18

39,071,537
100.81% of 50 DAV
50 DAV is 38,757,200
$29.24
-2.05%
9/20/2010 $27.32 PP = $26.73
MB = $28.07
Most Recent Note - 10/20/2010 4:49:16 PM
G -Pulling back with near average volume today after getting extended beyond its "max buy" level with recent volume-driven gains.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/20/2010. Click here.

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PAY - NYSE
Verifone Systems Inc
COMPUTER HARDWARE - Transaction Automation Systems  
$30.36 +1.88
6.60%

$30.54

1,709,342
117.03% of 50 DAV
50 DAV is 1,460,600
$31.40
-3.31%
8/25/2010 $24.30 PP = $23.74
MB = $24.93
Most Recent Note - 10/20/2010 2:05:16 PM
G - Gain today has it poised for its second-best close of 2010. Volume totals have generally been cooling in recent weeks while consolidating above support at prior lows and its 50 DMA line (now $26.52).
>>> The latest Featured Stock Update with an annotated graph appeared on 8/30/2010. Click here.

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PRGO - NASDAQ
Perrigo Co
DRUGS - Drug Related Products  
$64.46 +0.78
1.22%

$64.66

452,234
49.89% of 50 DAV
50 DAV is 906,500
$67.94
-5.12%
9/15/2010 $63.73 PP = $64.76
MB = $68.00
Most Recent Note - 10/20/2010 5:07:55 PM
Y - Small gap up gain today with lighter volume following 5 consecutive small losses with light or near average volume. Consolidating near its pivot point. More damaging losses would raise concerns, meanwhile its 50 DMA line defines important chart support.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/15/2010. Click here.

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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
RAX - NYSE
Rackspace Hosting Inc
INTERNET - Internet Software and; Services  
$23.38 +0.93
4.14%

$23.92

2,104,139
85.88% of 50 DAV
50 DAV is 2,450,100
$26.50
-11.77%
9/21/2010 $22.84 PP = $23.61
MB = $24.79
Most Recent Note - 10/20/2010 2:08:34 PM
Y - Gapped up today after testing support on the prior session as it briefly undercut prior lows in the $22.40 area and traded near its 50 DMA line. More damaging losses would raise serious concerns.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/21/2010. Click here.

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ROVI - NASDAQ
Rovi Corp
COMPUTER SOFTWARE andamp; SERVICES - Security Software andamp; Services  
$49.47 +0.46
0.94%

$49.77

672,945
45.37% of 50 DAV
50 DAV is 1,483,300
$53.00
-6.66%
8/31/2010 $43.31 PP = $45.06
MB = $47.31
Most Recent Note - 10/19/2010 4:18:28 PM
G - Closed in the upper third of its intra-day range today after briefly trading under its 10/07/10 low. Consolidating in a healthy fashion well above support at prior highs and its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/20/2010. Click here.

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SHOO - NASDAQ
Steven Madden Limited
CONSUMER NON-DURABLES - Textile - Apparel Footwear  
$41.98 +0.55
1.33%

$42.36

231,289
67.89% of 50 DAV
50 DAV is 340,700
$44.85
-6.40%
9/15/2010 $38.94 PP = $40.27
MB = $42.28
Most Recent Note - 10/20/2010 4:59:02 PM
Y - Up today with lighter volume after a considerable loss with higher volume, quickly slumping under its "max buy" level toward prior highs in the $40 area that define important chart support. Color code was changed to yellow, while more damaging losses could raise concerns.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/29/2010. Click here.

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SLW - NYSE
Silver Wheaton Corp
METALS and; MINING - Silver  
$26.68 +0.69
2.65%

$26.80

7,245,952
117.48% of 50 DAV
50 DAV is 6,167,800
$28.39
-6.02%
8/25/2010 $21.40 PP = $21.99
MB = $23.09
Most Recent Note - 10/20/2010 4:26:36 PM
G - Gain today with less volume conviction after widespread losses in the Mining - Gold/Silver/Gems group on the prior session. It closed -6% off its 52 week high, and its 50 DMA line defines chart support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/18/2010. Click here.

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SVR - NYSE
Syniverse Holdings Inc
TELECOMMUNICATIONS - Diversified Communication Serv  
$23.95 +0.47
2.00%

$24.04

498,385
70.01% of 50 DAV
50 DAV is 711,900
$24.24
-1.20%
9/22/2010 $23.60 PP = $23.87
MB = $25.06
Most Recent Note - 10/20/2010 4:46:07 PM
Y - Gain today with light volume helped it finish -1.2% off its 52-week high. It found prompt support near its 50 DMA line after a recent bout of distribution. Confirming gains for a new high close with heavy volume would be a bullish sign, meanwhile the recent chart low ($21.47) defines important support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/22/2010. Click here.

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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
UA - NYSE
Under Armour Inc Cl A
CONSUMER NON-DURABLES - Textile - Apparel Clothing  
$45.31 +0.43
0.96%

$45.70

372,706
50.92% of 50 DAV
50 DAV is 731,900
$48.00
-5.60%
9/9/2010 $39.99 PP = $40.10
MB = $42.11
Most Recent Note - 10/19/2010 3:59:02 PM
G - Down on light volume today, slumping near recent chart lows amid widespread losses, while several high-ranked Apparel -Clothing firms are also enduring big losses. Company is due to report earnings on Oct 26th.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/9/2010. Click here.

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UFPT - NASDAQ
U F P Tech Inc
CONSUMER NON-DURABLES - Packaging and Containers  
$12.67 +0.00
0.00%

$12.92

33,018
54.22% of 50 DAV
50 DAV is 60,900
$13.32
-4.88%
9/16/2010 $11.20 PP = $11.69
MB = $12.27
Most Recent Note - 10/19/2010 4:40:58 PM
G - Consolidating near its 52-week high with a loss on average volume today following recent gains with higher volume. Prior highs in the $11 area define chart support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/17/2010. Click here.

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ULTA - NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other  
$30.72 -0.08
-0.26%

$31.47

320,575
48.26% of 50 DAV
50 DAV is 664,200
$31.73
-3.18%
9/3/2010 $26.36 PP = $25.89
MB = $27.18
Most Recent Note - 10/19/2010 4:42:29 PM
G - Quietly pulling back today from a 52-week high it hit on the prior session. 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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VIT - NYSE
Vanceinfo Tech Inc Ads
COMPUTER SOFTWARE and SERVICES - Business Software and Services  
$34.35 +0.34
1.00%

$34.42

324,219
48.49% of 50 DAV
50 DAV is 668,600
$34.93
-1.66%
7/8/2010 $25.20 PP = $26.58
MB = $27.91
Most Recent Note - 10/19/2010 10:24:49 AM
G - Up from earlier lows after a small gap down today. Recently reached new all-time highs without great volume conviction. Its 50 DMA line and recent lows near $26.50 define important chart support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/31/2010. Click here.

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WCRX - NASDAQ
Warner Chilcott Plc
DRUGS - Drug Manufacturers - Other  
$24.34 +0.68
2.87%

$24.39

1,128,447
39.17% of 50 DAV
50 DAV is 2,880,800
$25.32
-3.87%
8/23/2010 $21.04 PP = $20.84
MB = $21.88
Most Recent Note - 10/20/2010 4:24:15 PM
G - Volume totals have been cooling while consolidating toward prior chart highs after a burst of buying last week drove it to all-time highs. Prior highs near $23.50 define near-term support above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/15/2010. Click here.

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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

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