Mid-Day Breakouts Report - Wednesday, January 5th, 2011

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, JANUARY 5TH, 2011
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DOW 11722.55 31.37 (0.27%) | NASDAQ 2695.58 14.33 (0.53%) | S&P 500 1276.41 6.21 (0.49%)

Time of Screening : 1/5/2011 1:03:02 PM Report Released : 1/5/2011 2:35:25 PM
Price is: Above 52W High and Less Than 52W High but within 5% of the 52 Week High
Volume Is: At least 90% 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
EZCH - NASDAQ Ezchip Semiconductor Ltd	$31.11	+0.60 1.97%	$31.41	314,087 117.24% of 50 DAV 50 DAV is 267,900	$31.37 -0.83%	12/2/2010	$27.53	PP = $26.00 MB = $27.30
Most Recent Note - 1/5/2011 1:40:00 PM G - Hit another new 52-week highs today with a 3rd consecutive gain backed by above average volume following a healthy consolidation. Prior chart highs in the $26 area coincide with its 50 DMA line defining an important technical support level to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 12/2/2010. Click here.
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OPEN - NASDAQ Opentable Inc	$74.05	+5.29 7.69%	$74.25	1,118,777 139.64% of 50 DAV 50 DAV is 801,200	$76.69 -3.45%	1/5/2011	$74.05	PP = $76.79 MB = $80.63
Most Recent Note - 1/5/2011 2:17:00 PM Y - The pivot point cited is based on its 52-week high plus 10 cents after an orderly base. Disciplined investors know that confirming gains above its pivot with at least +50% above average volume are needed to confirm a proper buy signal. Rallying from its 50 DMA support with a solid gain today on above average volume, approaching its 52-week high. Last noted in the 11/24/10 mid-day report -"Reported earnings +188% on +44% sales revenues for the quarter ended September 30, 2010 versus the year ago period. It could go on to produce more climactic gains. Found support near its 50 DMA line recently but did not form a sound base pattern of sufficient length since last noted in the 9/20/10 mid-day report - 'The C criteria is satisfied as earnings and sales revenues increases have been strong the 4 latest quarterly comparisons versus the year ago period. It got off to a very volatile start after its 5/11/09 IPO at $20, and it slumped for more than 4 months after it completed a Secondary Offering on 9/23/09. The company's management still owns a 32% stake in its shares and top-rated funds owning shares rose from 50 in Sep '09 to 79 in Jun '10.'" There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below
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PCLN - NASDAQ Priceline.com Inc	$427.20	+17.82 4.35%	$429.37	1,367,923 133.11% of 50 DAV 50 DAV is 1,027,700	$429.37 -0.51%	1/3/2011	$399.55	PP = $428.20 MB = $449.61
Most Recent Note - 1/5/2011 2:19:32 PM Y - Considerable gain today with higher volume has it poised for its best-ever close while approaching the pivot point previously cited. It is free from resistance due to overhead supply. Returned to the Featured Stocks list with its appearance in the January 2011 CANSLIM.net News (read here) including detailed analysis and annotated daily and weekly graphs. >>> The latest Featured Stock Update with an annotated graph appeared on 1/2/2011. Click here.
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ROVI - NASDAQ Rovi Corp	$65.63	+1.60 2.50%	$65.76	1,651,047 140.36% of 50 DAV 50 DAV is 1,176,300	$66.10 -0.71%	10/29/2010	$49.99	PP = $53.10 MB = $55.76
Most Recent Note - 1/5/2011 2:21:13 PM G - Hitting yet another new 52-week high today with above average volume behind an 8th consecutive gain. Extended from a sound base, meanwhile its 50 DMA line defines support just below a recent chart low ($55.65 on 12/23/10). >>> 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
ARMH - NASDAQ - ELECTRONICS - Semiconductor - Specialized A R M Holdings Plc Ads	$22.19	+1.10 5.22%	$22.24	$22.24	-0.22%	4,457,170 154.77%	2,879,800
Most Recent Note for ARMH - 1/5/2011 1:22:00 PM Gapped up today and hit a new 52-week high after breaking out from a cup-with-handle type base with considerable recent gap up gains. Prior mid-day report noted -"No resistance remaining after recent volume-driven gains. Recent quarters show improving sales and earnings however its prior comparisons and annual earnings history (A criteria) are below the guidelines of the fact based investment system.'"
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BPT - NYSE - ENERGY - Oil & Gas Refining & Marketing B P Prudhoe Bay Rylty Tr	$129.44	+2.77 2.19%	$129.45	$130.95	-1.15%	112,825 93.55%	120,600
Most Recent Note for BPT - 1/5/2011 1:28:59 PM Touched another new all-time high with yesterday's early gain, then reversed into the red. It found prompt support at its 50 DMA line on a sharp 12/16/10 intra-day pullback. 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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BSQR - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software B Square Corp	$9.65	+0.91 10.38%	$9.75	$9.73	-0.85%	438,423 228.82%	191,600
Most Recent Note for BSQR - 1/5/2011 1:30:34 PM Considerable gain today, hitting a new 52-week high. Prior mid-day reports noted following considerable gains on heavy volume - "Extended from any sound base after a streak of volume-driven gains. Recent quarters show sales and earnings improving but prior history is below the fact-based system's guidelines."
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CAVM - NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits Cavium Inc	$42.06	+1.57 3.88%	$43.26	$43.25	-2.75%	1,343,110 124.62%	1,077,800
Most Recent Note for CAVM - 1/5/2011 1:32:03 PM Hit new 52-week and all-time highs today. Earnings history has been erratic and below guidelines.
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DTSI - NASDAQ - CONSUMER DURABLES - Electronic Equipment D T S Inc	$49.96	+0.46 0.93%	$50.20	$50.45	-0.97%	104,343 92.75%	112,500
Most Recent Note for DTSI - 1/5/2011 1:32:33 PM Hovering near its 52-week high, stubbornly holding its ground. Recent mid-day reports noted - "It found support near its 200 DMA line after it was dropped from the Featured Stocks list on 8/13/10. The Consumer Products - Electronic firm has subsequently rebounded and rallied to new all-time highs, and it is extended from a sound base now with no overhead supply to hinder its further progress. For the quarter ended June 30, 2010 it showed earnings -67% on -28% sales revenues versus the year ago period. Although it reported earnings +53% on +40% sales in the quarter ended September 30, 2010, the recent flaw in its earnings history is very disappointing with respect to the C criteria."
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EMN - NYSE - CHEMICALS - Chemicals - Major Diversified Eastman Chemical Co	$87.03	+0.18 0.21%	$87.67	$87.73	-0.80%	971,788 106.78%	910,100
Most Recent Note for EMN - 1/5/2011 1:33:22 PM Hit new 52-week and multi-year highs with this weeks gains. Sales and earnings increases in recent quarterly comparisons versus the year ago period showed great improvement, but its prior quarterly and annual earnings (A criteria) history are below guidelines of the fact-based investment system.
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ENTR - NASDAQ - ELECTRONICS - Semiconductor - Broad Line Entropic Communications	$13.06	+0.70 5.66%	$13.19	$13.18	-0.91%	3,641,865 123.14%	2,957,400
Most Recent Note for ENTR - 1/5/2011 1:36:40 PM Up for a 4th consecutive session and a new 52-week high today. After breaking out with above average volume behind gains, mid-day reports in mid-December noted - "Earnings have been reported versus year ago losses in recent quarterly comparisons after a considerable streak of negative comparisons. Its annual earnings (A criteria) history has not been strong."
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ENV - NYSE - FINANCIAL SERVICES - Diversified Investments Envestnet Inc	$16.97	+0.22 1.32%	$17.23	$17.28	-1.79%	70,216 145.37%	48,300
Most Recent Note for ENV - 1/5/2011 1:39:02 PM Extended from any sound base after rallying since its $9 IPO on 7/29/10. Limited earnings (A criteria) history is a concern, while recent quarters showed great improvement in sales revenues and earnings.
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FARO - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Faro Technologies Inc	$33.00	+0.66 2.04%	$33.10	$33.52	-1.55%	74,797 122.82%	60,900
Most Recent Note for FARO - 1/5/2011 1:42:05 PM Fundamentals do not meet guidelines. Last noted 10/30/07 -"Questionable annual earnings history (not a strong A). Nearing prior chart resistance that may now serve as technical support in the $34 area."
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FCFS - NASDAQ - Finance-Consumer Loans FirstCash Holdings Inc	$32.40	+0.34 1.06%	$32.46	$32.46	-0.18%	220,370 147.70%	149,200
Most Recent Note for FCFS - 1/5/2011 1:56:26 PM Hit a new 52-week high today, and found support above its 50 DMA line during its ascent following a technical breakout on 7/22/10. Its recent quarterly comparisons show earnings and sales increases borderline with the guidelines of the fact-based investment system. Its annual earnings (A criteria) history appears to have been steady, but prior notes in mid-day reports in Dec '08 and Apr '09 cited "fundamental concerns." This previously featured stock was dropped from the CANSLIM.net Featured Stocks list on 2/27/07.
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IDCC - NASDAQ - TELECOMMUNICATIONS - Wireless Communications Interdigital Inc	$45.60	-0.52 -1.13%	$46.07	$46.19	-1.28%	781,548 92.62%	843,800
Most Recent Note for IDCC - 1/5/2011 1:57:17 PM Holding its ground after a considerable gain with heavy volume for yet another new high on the prior session. Strength has continued since prior mid-day reports noted - "Finally topping its 2006 high. Reported +14%* earnings on +22% sales revenues for the quarter ended September 30, 2010. Annual earnings (A criteria) history has not been strong and steady."*
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KSU - NYSE - TRANSPORTATION - Railroads Kansas City Southern	$49.81	+0.99 2.03%	$49.93	$50.07	-0.52%	1,674,875 173.40%	965,900
Most Recent Note for KSU - 1/5/2011 1:59:27 PM Near its 52-week high today after a short consolidation above its 50 DMA line. Reported earnings +81% on +14% sales revenues for the quarter ended September 30, 2010 versus the year ago period. The 10/21/10 mid-day report as it hit a new high noted - "With strength in the Transportation - Rail group a contributing factor. Its annual earnings history (A criteria) is marred by a terrible downturn in FY '09. The latest quarters for Mar and Jun '10 showed strong increases in sales and earnings after negative comparisons in the prior 5 quarters. "
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LEA - NYSE - AUTOMOTIVE - Auto Parts Lear Corporation	$103.82	+3.44 3.43%	$104.82	$105.00	-1.12%	468,456 97.53%	480,300
Most Recent Note for LEA - 1/5/2011 2:00:47 PM Hit a new 52-week high today with a 4th consecutive gain. Earnings history has been erratic and below guidelines.
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MGA - NYSE - AUTOMOTIVE - Auto Parts Magna Intl Inc	$58.87	+2.88 5.14%	$59.88	$60.00	-1.88%	3,044,937 274.67%	1,108,600
Most Recent Note for MGA - 1/5/2011 2:02:23 PM Hit a new 52-week high today with a 4th consecutive gain on ever-increasing volume. Prior mid-day reports noted - "Hovering near its 52-week high. Leadership in the group has been a factor in its recent strength. Its earnings history is below guidelines. Shares split 2:1* on 11/26/10."*
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MOS - NYSE - CHEMICALS - Agricultural Chemicals Mosaic Company	$77.00	+2.00 2.66%	$77.45	$78.18	-1.51%	7,381,232 168.61%	4,377,600
Most Recent Note for MOS - 1/5/2011 2:05:46 PM Rallying near its recent new 52-week high with above average volume behind today's solid gain. The 12/30/10 mid-day report noted - "A technical breakout from a 7-week flat base. The 10/08/10 mid-day report noted - 'Improving sales revenues growth and solid earnings increases in the 3 latest quarterly financial reports are reassuring signs, but its erratic annual earnings (A criteria) history is a cause for concern, fundamentally."
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NTCT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Netscout Systems Inc	$25.00	+0.90 3.73%	$25.51	$25.51	-2.00%	290,597 112.24%	258,900
Most Recent Note for NTCT - 1/5/2011 2:07:43 PM Considerable gain today for a new 52-week high after consolidating above its 50 DMA line, showing signs of institutional support near that important short-term average. Last noted in the 12/08/10 mid-day report - "Quarterly sales revenues and earnings are below the investment system guidelines. Based on weak action it was dropped from the Featured Stocks list on 9/15/08, soon after featured in the September 2008 issue of CANSLIM.net News (see here). First featured in the August '07 CANSLIM.net News (read here)."
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NVO - NYSE - DRUGS - Drug Manufacturers - Other Novo Nordisk A/S Adr	$115.50	+0.72 0.63%	$115.67	$115.67	-0.15%	310,779 164.78%	188,600
Most Recent Note for NVO - 1/5/2011 2:10:47 PM Hitting new all-time highs with a 2nd consecutive gain with above average volume, extended from any sound base. It has earned high ranks after demonstrating strong steady annual earnings (A criteria) growth. Quarterly comparisons show sales and earnings increases mostly below guidelines of the fact-based investment system. Headlines were swirling in late-October over FDA approval of certain drugs while this Denmark-based Medical - Ethical Drug firm endured 2 big gaps down followed by a big gap up, with the rebound action noted -"Indicative of prompt institutional support near its prior chart highs and 50 DMA line."
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TDG - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products &; Services Transdigm Group Inc	$74.53	+0.17 0.23%	$74.78	$74.93	-0.53%	246,951 102.21%	241,600
Most Recent Note for TDG - 1/5/2011 2:22:33 PM Still steadily advancing into new all-time high territory since rising clear of all resistance due to overhead supply. The 12/13/10 mid-day report noted - "Its FY '10 earnings showed a downturn, a flaw with respect to the A criteria, while the 2 latest quarters ended June and Sept '09 showed sales and earnings increases below the minimum guidelines. Based on weak technical action TDG was dropped from the Featured Stocks list 1/17/08."
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TISI - NYSE - DIVERSIFIED SERVICES - Technical Services Team Inc	$25.45	+0.94 3.84%	$26.10	$26.10	-2.49%	165,585 184.80%	89,600
Most Recent Note for TISI - 1/5/2011 2:24:06 PM Hit another new 52-week high today. Its recent streak of 12 consecutive gains for new 52-week highs was marked by mostly light or near average volume. It found support at its 50 DMA line and rallied since the 11/03/10 mid-day report noted - "Fundamentals are below guidelines now. Based on weak action it was dropped from the Featured Stocks list on 10/03/08."
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TQNT - NASDAQ - ELECTRONICS - Semiconductor - Integrated Cir Triquint Semiconductor	$13.41	+0.29 2.21%	$13.46	$13.56	-1.11%	3,949,814 99.27%	3,978,700
Most Recent Note for TQNT - 1/5/2011 2:27:23 PM Hit a new 52-week high today with a 3rd consecutive gain on above average volume. Stayed well above its 50 DMA during its consolidation since last noted in the 12/08/10 mid-day report - "It is extended from any sound base. It stubbornly held its ground and rose unhindered by resistance from overhead supply since last noted in several late-October mid-day reports when rising following a brief consolidation above prior highs in the $8.50 area - 'Reported earnings +170% on +37% sales revenues for the quarter ended September 30, 2010. The C criteria is satisfied as its sales revenues and earnings increases in the 3 latest quarterly comparisons showed great improvement. Its annual earnings (A criteria) history is a concern as since FY '07 results have been nearly flat.'"
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UFPT - NASDAQ - CONSUMER NON-DURABLES - Packaging & Containers U F P Tech Inc	$13.81	+0.54 4.07%	$13.98	$13.98	-1.22%	125,511 180.59%	69,500
Most Recent Note for UFPT - 1/5/2011 2:34:07 PM Hit a new 52-week high with a 3rd consecutive gain on above average volume, rising from a 12-week cup shaped base without a handle. Technically its outlook has improved since it was dropped from the Featured Stocks list on 11/08/10. Group Containers/Packaging has a RS Rating of D+ today, which is a concern with respect to the L criteria. Its 2008 high ($14.63) may act as resistance, but virtually no overhead supply remains.
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