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AFTER MARKET UPDATE - TUESDAY, NOVEMBER 30TH, 2010
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Indices NYSE Nasdaq
DOW  -46.47 11,006.02 -0.42% Volume 1,536,299,150 +66% Volume 2,420,156,386 +44%
NASDAQ -26.99 2,498.23 -1.07% Advancers 994 32% Advancers 857 31%
S&P 500 -7.21 1,180.55 -0.61% Decliners 1,948 63% Decliners 1,784 65%
Russell 2000 -4.94 727.01 -0.67% 52 Wk Highs 80   52 Wk Highs 80  
S&P 600 -2.79 386.56 -0.72% 52 Wk Lows 30   52 Wk Lows 71  

Distributional Pressure Closes November On A Lower Note

The major stock averages pared early losses, but still ended the month on a down note.  Tuesday's volume totals were much higher as the decliners led advancers by a 2-1 on the NYSE and on the Nasdaq exchange. A total of 46 high-ranked companies from the CANSLIM.net Leaders List made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, down slightly from a total of 48 issues on the prior session. New 52-week highs still outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange.  There were a few isolated technical breakdowns, and the biggest decliner of the 30 high-ranked leaders currently listed on the Featured Stocks Page was a Computer Software firm called Igate Corp (IGTE -19.45%) that was smacked for a large loss. After recently wedging to a new all-time high on quiet volume, its volume was 11 times an average day's total behind its damaging loss.

 

Continuing unease about the European debt crisis overshadowed improving U.S. economic data. The euro dipped below $1.30 for the first time since September after Irish and Spanish government bonds slumped. Oil prices turned lower late in the day on worries that European debt problems will impact demand. Stronger readings of consumer confidence and Midwest manufacturing helped stocks improve from their worst levels of the day. Confidence rose in November to a five-month high.

Google Inc (GOOG -4.5%) was a drag on the Nasdaq after European regulators launched an antitrust investigation. Baldor Electric (BEZ +40%) agreed to be bought by Swiss power group ABB for $4.2 billion, including debt.

Tuesday marked Day 9 of the new rally attempt. The Dow Jones Industrial Average and S&P 500 Index have already undercut their 11/16/10 lows, leaving them both looking to start new rally attempts, meanwhile the Nasdaq Composite Index has kept its new rally effort intact. Unless its Day 1 low is undercut the possibility remains open for the tech-heavy index to produce a solid follow through day of gains on higher volume to reconfirm the sputtering rally.

Disciplined investors will watch for a new confirmed rally with a follow-through day (FTD) gain of at least +1.8% from one or more of the major averages with higher volume and an expansion in leadership (new highs). A strong FTD would suggest that another sustainable advance may be at hand. Patience is called for before new buying efforts are justified. The latest correction could continue as more strong leaders may falter, prompting investors into reducing exposure rather than accumulating more shares. Keep your focus on the action in the major averages and high-ranked leaders to know that your investment portfolio is in proper step, and carefully manage you stock holdings on a case by case basis with quick reflexes if selling becomes necessary.

PICTURED: The Nasdaq Composite Index endured distributional pressure, and its nascent new rally attempt has yet to produce a confirming FTD 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.


Gold & Silver Index A Standout Gainer

Weak action was most focused in the tech sector as the Semiconductor Index ($SOX -1.27%), Biotechnology Index ($BTK -1.20%), Internet Index ($IIX -1.11%), and Networking Index ($NWX -0.93%) ended unanimously lower on Tuesday.  The Healthcare Index ($HMO -0.91%) slumped and energy-related shares also backpedaled as the Oil Services Index ($OSX -0.69%) and Integrated Oil Index ($XOI -0.58%) both sank to modest losses. Weakness continued to weigh on the influential Bank Index ($BKX -0.71%) and Broker/Dealer Index ($XBD -0.61%) and the Retail Index ($RLX -0.26%) also edged lower.

Charts courtesy www.stockcharts.com

PICTURED: The Gold & Silver Index ($XAU +1.12%) was a standout gainer among widespread weakness. It found recent support above an upward trendline connecting August - November lows and above its 50-day moving average (DMA) line.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  225.67 -1.57 -0.69% +15.78%
Healthcare $HMO  1,634.72 -14.93 -0.91% +10.98%
Integrated Oil $XOI  1,093.86 -6.36 -0.58% +2.40%
Semiconductor $SOX  390.12 -5.03 -1.27% +8.39%
Networking $NWX  260.50 -2.44 -0.93% +12.74%
Internet $IIX  301.64 -3.37 -1.11% +28.98%
Broker/Dealer $XBD  110.13 -0.67 -0.61% -4.28%
Retail $RLX  490.45 -1.27 -0.26% +19.30%
Gold & Silver $XAU  213.17 +2.37 +1.12% +26.70%
Bank $BKX  44.76 -0.32 -0.71% +4.80%
Biotech $BTK  1,142.50 -13.93 -1.20% +21.27%


Late Stage Leader Now Testing 50-Day Average Support

Baidu.com, Inc.'s (BIDU -$2.33 or -2.17% to $105.05) volume totals have been cooling while consolidating near its 50-day moving average (DMA) line. Any damaging violation of its short-term average or recent chart low ($103.11 on 11/16/10) could raise greater concerns and trigger technical sell signals. While it could go on to produce more climactic gains if the broader market (M criteria) resumes its rally with a follow-through day, BIDU has been noted again as a riskier "late stage" candidate and it has not formed a sound new base. Following its last appearance in this FSU section on 10/07/10 with an annotated graph under the headline, "Negative Reversal And Distributional Pressure Weighing On Leader ", it eventually blasted to new highs with more volume driven-gains including a gap up on 10/22/10 as it rallied to new all-time highs.  BIDU has a stellar sales and earnings history that satisfies the C & A criteria, and the recently reported quarter ended June 30, 2010 showed sales revenues still accelerating impressively. The number of top-rated funds owning shares rose from 770 in Dec '09 to 957 in Sep '10, a positive trend with respect to institutional ownership (I criteria). (NOTE: Prior notes on this and other stocks cited top-rated US funds, and now our source is including foreign funds and hedge funds in their totals reported).

Keep in mind that BIDU has traded up more than 10-fold, and it has not been a smooth ride since it first featured on Monday, October 30, 2006 in the CANSLIM.net Mid Day Breakouts Report (read here). After making great progress it went through a multi-month consolidation under its 50 and 20 DMA lines, then later returned as a noteworthy leader featured in CANSLIM.net reports. An annotated graph showed a vivid picture at the beginning of the stock's period of greatest weakness back on January 11, 2008 under the headline, "Weakness Hurting Chances For Featured Favorite" (read here). Take a look back at that now!  Remember that a dropped stock can be featured again in a future CANSLIM.net report if it repairs its technical damage and forms a new pivot point.


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  
$135.64 -2.64
-1.91%

$140.32

1,002,494
153.99% of 50 DAV
50 DAV is 651,000
$145.36
-6.69%
11/4/2010 $142.35 PP = $143.63
MB = $150.81
Most Recent Note - 11/30/2010 3:29:55 PM
G - Reversed into the red after early gains today, slumping on slightly higher volume near its recent lows and support near its 50 DMA line. Color code is changed to green as it endures distributional pressure after recently stalling.
>>> 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  
$21.24 -1.81
-7.84%

$22.30

7,496,742
297.68% of 50 DAV
50 DAV is 2,518,400
$24.28
-12.51%
8/30/2010 $18.12 PP = $18.51
MB = $19.44
Most Recent Note - 11/30/2010 2:12:18 PM
G - Gapped down today raising concerns with a loss on heavier volume as it traded below its 50 DMA line and near an upward trendline connecting May - November lows previously noted as support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/26/2010. Click here.

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BIDU - NASDAQ
Baidu Inc Ads
INTERNET - Internet Information Providers  
$105.05 -2.33
-2.17%

$107.20

9,352,176
75.65% of 50 DAV
50 DAV is 12,363,000
$115.04
-8.68%
9/17/2010 $85.73 PP = $88.42
MB = $92.84
Most Recent Note - 11/30/2010 2:27:36 PM
G - Volume totals have been cooling while consolidating near its 50 DMA line. Any damaging violation of its short-term average or recent chart low ($103.11 on 11/16/10) would raise greater concerns and trigger technical sell signals. It could still be among the leaders going on to produce more climactic gains if the broader market (M criteria) resumes its rally, however BIDU has been noted as a riskier "late stage" candidate.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/30/2010. Click here.

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CACC - NASDAQ
Credit Acceptance Corp
FINANCIAL SERVICES - Credit Services  
$62.07 -1.00
-1.59%

$63.05

84,952
341.17% of 50 DAV
50 DAV is 24,900
$63.45
-2.17%
11/22/2010 $59.97 PP = $62.00
MB = $65.10
Most Recent Note - 11/30/2010 2:22:16 PM
Y - Loss today with light volume has its slumping slightly under its pivot point. The prior gain with +69% above average volume helped it rally above the pivot point of a "double bottom" type base pattern, meeting the guidelines for a new (or add-on) technical buy signal. However, a follow-through day has not confirmed a new rally since recent concerns were raised about the M criteria.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/29/2010. Click here.

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CIS - NYSE
Camelot Info Systems Ads
COMPUTER SOFTWARE andamp; SERVICES - Information Technology Service  
$22.89 +1.75
8.28%

$23.09

603,759
232.93% of 50 DAV
50 DAV is 259,200
$21.43
6.81%
11/26/2010 $18.93 PP = $19.72
MB = $20.71
Most Recent Note - 11/30/2010 4:41:46 PM
G - This Chinese Computer Software firm hit another new 52-week high today, finishing well above its "max buy" level and its color code is changed to green. Its considerable gain above its pivot point on the prior session with 3 times average volume met the guidelines for a technical buy signal. A remaining concern previously noted is that a follow through day from at least one of the major averages (M criteria) is needed as a critical reassurance before new buying efforts are justified under the investment system guidelines.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/26/2010. 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
CMG - NYSE
Chipotle Mexican Grill
LEISURE - Restaurants  
$258.49 +1.48
0.58%

$262.78

2,348,897
275.89% of 50 DAV
50 DAV is 851,400
$257.79
0.27%
9/1/2010 $158.31 PP = $155.52
MB = $163.30
Most Recent Note - 11/30/2010 1:06:43 PM
G - Up for a 7th consecutive session today and yet another new all-time high. It is extended from any sound base pattern. Its 50 DMA line (now $204) defines the nearest chart support level.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/28/2010. Click here.

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CTRP - NASDAQ
Ctrip.Com Intl Ltd Adr
LEISURE - Resorts and Casinos  
$43.78 -2.63
-5.67%

$45.53

2,729,374
132.67% of 50 DAV
50 DAV is 2,057,200
$53.16
-17.65%
9/24/2010 $46.75 PP = $47.11
MB = $49.47
Most Recent Note - 11/30/2010 2:15:40 PM
G - Gapped down today and violated the previously noted low ($45.05 on 11/16/10), raising concerns as technical damage mounts.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/22/2010. Click here.

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DECK - NASDAQ
Deckers Outdoor Corp
CONSUMER NON-DURABLES - Textile - Apparel Footwear  
$76.90 +3.87
5.30%

$77.37

4,815,832
386.07% of 50 DAV
50 DAV is 1,247,400
$73.87
4.10%
10/27/2010 $54.16 PP = $54.86
MB = $57.60
Most Recent Note - 11/30/2010 1:15:27 PM
G - Gapped up today for a 9th consecutive gain, rallying to new all-time high territory. It has been noted as extended from its latest sound base. Prior highs and its 50 DMA line define the nearest chart support.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/27/2010. Click here.

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EZPW - NASDAQ
Ezcorp Inc Cl A
SPECIALTY RETAIL - Specialty Retail, Other  
$25.16 -0.25
-0.98%

$25.48

363,833
122.42% of 50 DAV
50 DAV is 297,200
$26.14
-3.75%
11/5/2010 $24.02 PP = $23.85
MB = $25.04
Most Recent Note - 11/29/2010 1:13:33 PM
G - Pulling back today after a solid gain for a new all-time high on Friday's holiday-shortened session. Prior highs in the $22-23 area define chart support to watch above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/6/2010. Click here.

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FFIV - NASDAQ
F 5 Networks Inc
INTERNET - Internet Software and Services  
$131.88 -2.30
-1.71%

$133.00

1,965,343
69.37% of 50 DAV
50 DAV is 2,833,200
$136.00
-3.03%
6/16/2010 $74.50 PP = $74.10
MB = $77.81
Most Recent Note - 11/26/2010 1:05:35 PM
G - Closed near the session high at a new all-time high. Extended from any sound base pattern. Prior highs in the $112 area define initial chart support.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/15/2010. 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
FOSL - NASDAQ
Fossil Inc
CONSUMER DURABLES - Recreational Goods, Other  
$67.65 -0.11
-0.16%

$68.64

1,976,353
247.54% of 50 DAV
50 DAV is 798,400
$70.07
-3.45%
11/26/2010 $69.10 PP = $70.17
MB = $73.68
Most Recent Note - 11/30/2010 3:32:05 PM
Y - Trading up today, showing resilience after a small gap down. Color code was changed to yellow after an advanced "3-weeks tight" pattern was identified following a considerable rally from its prior base. Disciplined investors will resist the temptation to get in "early" while watching for a convincing breakout and a follow through day from at least one of the major averages (M criteria) as critical reassurances before new (or add-on) buying efforts are justified under the investment system guidelines. An upward trendline connecting its July-October lows defines support to watch above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/29/2010. Click here.

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HMSY - NASDAQ
H M S Holdings Corp
COMPUTER SOFTWARE and SERVICES - Healthcare Information Service  
$63.01 -0.11
-0.17%

$63.01

175,612
82.49% of 50 DAV
50 DAV is 212,900
$64.09
-1.69%
11/19/2010 $61.89 PP = $63.01
MB = $66.16
Most Recent Note - 11/29/2010 5:17:28 PM
Y - Volume totals have been light as it traded above its pivot point for a new 52-week high last week and now consolidates near prior highs. Volume did not meet the guideline to trigger a proper new (or add-on) technical buy signal. Its 50 DMA line defines important support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/19/2010. Click here.

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HS - NYSE
Healthspring Inc
HEALTH SERVICES - Health Care Plans  
$26.83 -0.30
-1.11%

$26.99

695,959
101.53% of 50 DAV
50 DAV is 685,500
$29.80
-9.97%
8/27/2010 $19.91 PP = $19.75
MB = $20.74
Most Recent Note - 11/29/2010 1:12:23 PM
G - Small gap down today for a loss, trading below its 50 DMA line for the first time since August. More damaging losses would raise concerns and trigger a technical sell signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/22/2010. Click here.

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IGTE - NASDAQ
Igate Corp
COMPUTER SOFTWARE and SERVICES - Information Technology Service  
$20.00 -4.83
-19.45%

$24.74

7,806,310
1,118.86% of 50 DAV
50 DAV is 697,700
$24.99
-19.97%
10/26/2010 $17.29 PP = $19.55
MB = $20.53
Most Recent Note - 11/30/2010 2:08:06 PM
G - After a weak start today it has continued to weaken considerably, raising concerns. It has traded 8 times its daily average volume while quickly slicing back near prior chart highs in the $19 area and sinking below its 50 DMA line, triggering a technical sell signal with its largest point loss on largest volume ever.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/11/2010. Click here.

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JOBS - NASDAQ
Fifty One Job Inc Ads
DIVERSIFIED SERVICES - Staffing and; Outsourcing Service  
$50.74 +0.12
0.24%

$50.98

52,532
23.64% of 50 DAV
50 DAV is 222,200
$51.84
-2.12%
10/13/2010 $42.07 PP = $40.60
MB = $42.63
Most Recent Note - 11/30/2010 3:19:37 PM
G - Perched in a tight range for the past few days with volume totals very light as it holds its ground at its 52-week high. Its 50 DMA line defines important support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/16/2010. 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
LFT - NYSE
Longtop Financl Tech Ads
COMPUTER SOFTWARE and SERVICES - Business Software and Services  
$39.56 -0.09
-0.23%

$40.21

423,942
77.15% of 50 DAV
50 DAV is 549,500
$42.86
-7.70%
11/5/2010 $41.83 PP = $40.96
MB = $43.01
Most Recent Note - 11/29/2010 5:21:18 PM
Y - Perched -7.5% off its all-time high today. Its latest slump below its pivot point raised concerns again, yet volume totals have been cooling while consolidating above support near its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/14/2010. Click here.

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LULU - NASDAQ
Lululemon Athletica
MANUFACTURING - Textile Manufacturing  
$53.62 +0.04
0.07%

$54.16

736,468
68.72% of 50 DAV
50 DAV is 1,071,700
$54.77
-2.10%
10/8/2010 $47.66 PP = $46.67
MB = $49.00
Most Recent Note - 11/30/2010 3:24:22 PM
G - Volume totals are cooling while stubbornly holding its ground near its 52-week high after volume-driven gains. Prior highs in the $46-48 area define chart support to watch along with its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/8/2010. Click here.

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MWIV - NASDAQ
M W I Veterinary Supply
HEALTH SERVICES - Medical Instruments and; Supplies  
$61.10 +0.03
0.05%

$61.57

72,061
125.32% of 50 DAV
50 DAV is 57,500
$63.94
-4.44%
11/4/2010 $61.79 PP = $59.60
MB = $62.58
Most Recent Note - 11/26/2010 1:15:36 PM
Y - Quiet gain on today's holiday-shortened session, finishing 2 cents under its best ever close. Its 50 DMA line has been repeatedly noted as a very important support level. It stalled after hitting its all-time high on 11/04/10, yet held its ground stubbornly above its short-term average.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/2/2010. Click here.

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NEOG - NASDAQ
Neogen Corp
DRUGS - Diagnostic Substances  
$37.15 -0.39
-1.04%

$37.26

132,325
157.53% of 50 DAV
50 DAV is 84,000
$37.97
-2.15%
9/1/2010 $30.79 PP = $30.49
MB = $32.01
Most Recent Note - 11/30/2010 3:21:16 PM
G - Stubbornly holding its ground near all-time highs with volume totals cooling. It is extended from any sound base, and its 50 DMA line recently has been a reliable support level.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/13/2010. Click here.

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NFLX - NASDAQ
Netflix Inc
SPECIALTY RETAIL - Music and Video Stores  
$205.90 +6.98
3.51%

$206.80

11,874,447
207.02% of 50 DAV
50 DAV is 5,736,000
$200.00
2.95%
11/9/2010 $173.10 PP = $184.84
MB = $194.08
Most Recent Note - 11/30/2010 1:39:53 PM
G - Rising further into new high ground, getting extended from its latest base. A follow-through day has not confirmed a new rally since recent concerns were raised about the M criteria.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/24/2010. 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
NTAP - NASDAQ
Netapp Inc
COMPUTER HARDWARE - Data Storage Devices  
$50.93 +0.00
0.00%

$51.15

5,311,990
71.28% of 50 DAV
50 DAV is 7,451,800
$57.96
-12.13%
9/8/2010 $46.98 PP = $44.99
MB = $47.24
Most Recent Note - 11/26/2010 1:25:03 PM
G - Losses this week led to a slump below its 50 DMA line and prior highs. On 11/19/10 it was noted - "It has not formed a sound base, and the weakness suggests that it may be due for a longer and deeper consolidation."
>>> The latest Featured Stock Update with an annotated graph appeared on 11/3/2010. Click here.

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ORCL - NASDAQ
Oracle Corp
COMPUTER SOFTWARE and SERVICES - Application Software  
$27.05 -0.18
-0.64%

$27.13

38,912,350
101.48% of 50 DAV
50 DAV is 38,343,400
$29.82
-9.31%
9/20/2010 $27.32 PP = $26.73
MB = $28.07
Most Recent Note - 11/26/2010 1:22:47 PM
G- Color code was changed to green after it sank below its DMA line and under the latest chart low, raising concerns. Gains above its short-term average are needed for its outlook to improve.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/18/2010. Click here.

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PAY - NYSE
Verifone Systems Inc
COMPUTER HARDWARE - Transaction Automation Systems  
$34.75 +0.49
1.43%

$35.19

1,539,208
111.65% of 50 DAV
50 DAV is 1,378,600
$35.94
-3.31%
11/29/2010 $33.96 PP = $36.04
MB = $37.84
Most Recent Note - 11/29/2010 1:21:25 PM
Y - Volume totals have cooled after rallying near its 52-week high recently. Color code is changed to yellow with new pivot point cited based on its 52-week high plus ten cents. A subsequent breakout could trigger a new (or add-on) technical buy signal, meanwhile patience and discipline are paramount. As previously noted, it has formed an advanced "ascending base" pattern after an impressive rally from its 7/26/10 breakout.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/25/2010. Click here.

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RAX - NYSE
Rackspace Hosting Inc
INTERNET - Internet Software and; Services  
$29.17 +0.32
1.11%

$29.19

1,464,879
54.86% of 50 DAV
50 DAV is 2,670,400
$29.35
-0.61%
9/21/2010 $22.84 PP = $23.61
MB = $24.79
Most Recent Note - 11/30/2010 3:22:26 PM
G - Touched a new all-time high today. Volume totals have been cooling in recent weeks and no resistance remains due to overhead supply, but it is extended from any sound base.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/17/2010. Click here.

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ROVI - NASDAQ
Rovi Corp
COMPUTER SOFTWARE andamp; SERVICES - Security Software andamp; Services  
$55.17 +0.80
1.47%

$55.23

1,221,819
80.22% of 50 DAV
50 DAV is 1,523,100
$55.25
-0.14%
10/29/2010 $49.99 PP = $53.10
MB = $55.76
Most Recent Note - 11/30/2010 2:20:20 PM
Y - Wedging to new 52-week highs with small gains lacking great volume conviction. Confirming gains on heavy volume coupled with a follow-through day from at least one of the major market averages (M criteria) could trigger new (or add-on) technical buy signals. Meanwhile, its 50 DMA line defines important support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/20/2010. 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
SHOO - NASDAQ
Steven Madden Limited
CONSUMER NON-DURABLES - Textile - Apparel Footwear  
$45.25 -1.17
-2.52%

$46.75

620,880
176.69% of 50 DAV
50 DAV is 351,400
$46.52
-2.73%
11/23/2010 $44.61 PP = $44.95
MB = $47.20
Most Recent Note - 11/30/2010 5:55:25 PM
Y - Hit another new 2010 high today but then reversed into the red. Its 11/29/10 gain above the new pivot point cited with twice average volume met the guidelines for a new (or add-on) technical buy signal. No resistance remains due to overhead supply, but the questionable M criteria is an overriding concern impacting new buying efforts until a follow-through day occurs.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/23/2010. Click here.

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SLW - NYSE
Silver Wheaton Corp
METALS and; MINING - Silver  
$36.89 +1.06
2.96%

$37.15

10,914,718
115.40% of 50 DAV
50 DAV is 9,458,500
$37.20
-0.83%
8/25/2010 $21.40 PP = $21.99
MB = $23.09
Most Recent Note - 11/30/2010 2:17:49 PM
G - Gain today helped it touch a new all-time high. It is extended from any sound base, and the recent low ($30.52 on 11/16/10) defines initial support above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/18/2010. Click here.

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UA - NYSE
Under Armour Inc Cl A
CONSUMER NON-DURABLES - Textile - Apparel Clothing  
$57.73 +1.70
3.03%

$57.84

849,095
114.90% of 50 DAV
50 DAV is 739,000
$57.22
0.89%
9/9/2010 $39.99 PP = $40.10
MB = $42.11
Most Recent Note - 11/30/2010 2:18:34 PM
G - Hit yet another new 52-week high today. The high-ranked Apparel - Clothing firm is very extended from any sound base and well above support at its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/4/2010. Click here.

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ULTA - NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other  
$34.95 -0.20
-0.57%

$35.96

756,151
169.09% of 50 DAV
50 DAV is 447,200
$35.55
-1.69%
9/3/2010 $26.36 PP = $25.89
MB = $27.18
Most Recent Note - 11/30/2010 1:50:00 PM
G - Today's 6th consecutive gain helped it hit a new all-time high. It is extended from any recent base, meanwhile, its 50 DMA line defines initial support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/1/2010. Click here.

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VIT - NYSE
Vanceinfo Tech Inc Ads
COMPUTER SOFTWARE and SERVICES - Business Software and Services  
$37.61 +0.13
0.35%

$37.66

552,574
84.26% of 50 DAV
50 DAV is 655,800
$38.43
-2.13%
7/8/2010 $25.20 PP = $26.58
MB = $27.91
Most Recent Note - 11/26/2010 1:34:12 PM
G - Completed a Public Offering this week and it is perched near all-time highs. It 50 DMA line has acted as support recently, but it has not formed a sound base.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/21/2010. Click here.

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C A N S L I M   Daily Graphs Online Stock Checkup IBD Graphs
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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