Often, when a leading stock is setting up to breakout of a solid base it is highlighted in CANSLIM.net's Mid-Day Breakouts Report. The most relevant factors are noted in the report which allows prudent CANSLIM oriented investors to place the issue in their watch list. After doing any necessary backup research, the investor is prepared to act if and when the stock triggers a technical buy signal (breaks above its pivot point on more than +50% average turnover). In the event the stock fails to trigger a technical buy signal and its price declines then it will simply be removed from the watch list. In other cases, stocks may be featured in CANSLIM.net's Mid-Day Breakouts Report.after recent action already triggered technical buy signal. Disciplined investors know to buy as near as possible to the pivot point and avoid chasing stocks after they have rallied more than +5% above their pivot point. It is crucial to always limit losses whenever any stock heads the wrong direction, and disciplined investors sell if a struggling stock ever falls more than -7% from their purchase price.

Cardtronics Inc (CATM +$0.73 or +2.63% to $28.48) was featured in yellow in the mid-day report (read here). Today's 4th consecutive gain was backed by +77% above average volume as it hit a new 52-week high. Its new pivot point cited was based on its 11/08/11 high plus 10 cents, so its close today actually left it just short of triggering a convincing technical buy signal.  Confirming gains into new high territory with above average volume would be a welcome reassurance of accumulation by the institutional crowd. Disciplined investors who might look to accumulate shares could be wise to use a tactic called pyramiding.

Earlier it found prompt support at its 200-day moving average (DMA) line. Its last appearance in this FSU section was on 11/08/11 with an annotated graph under the headline, "Sales Revenues Increases Show Accelerating Growth." It was noted and dropped from the Featured Stocks list on 11/25/11 due to weak action, then it promptly repaired its 50-day moving average (DMA) violation. Later it found support at that important short-term average line during a subsequent pullback.

It reported earnings +39% on +21% sales revenues for the quarter ended September 30, 2011 versus the year ago period. Strong earnings increases above the +25% guideline in quarterly comparisons and strong annual earnings satisfy the C and A criteria. Sales revenues increases in recent comparisons (Mar, Jun, Sep '11) show encouraging sequential acceleration from +8%, +11%, to +21% in the latest report. 

The number of top-rated funds owning its shares rose from 221 in Dec '10 to 318 in Sep '11, a reassuring sign concerning the I criteria. The Finance - Credit card/Payment Processing group has the best possible 99 Group RS Rating and leadership in other stocks in the industry group satisfies the L criteria.