Mid-Day Breakouts Report - Thursday, January 6th, 2011

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MIDDAY BREAKOUTS REPORT - THURSDAY, JANUARY 6TH, 2011
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DOW 11679.41 -43.48 (-0.37%) | NASDAQ 2704.66 2.46 (0.09%) | S&P 500 1271.79 -4.77 (-0.37%)

Time of Screening : 1/6/2011 12:18:46 PM Report Released : 1/6/2011 1:40:02 PM
Price is: Above 52W High and Less Than 52W High but within 5% of the 52 Week High
Volume Is: At least 75% 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
OPEN - NASDAQ Opentable Inc	$75.42	+1.71 2.32%	$76.23	1,003,712 125.28% of 50 DAV 50 DAV is 801,200	$76.69 -1.66%	1/5/2011	$74.05	PP = $76.79 MB = $80.63
Most Recent Note - 1/6/2011 12:59:13 PM Y - Up today with above average volume, rallying from its 50 DMA support and approaching its 52-week high and pivot point. It did not yet trigger a technical buy signal since it was featured in yellow in the 1/05/10 mid-day report and covered in greater detail with a fresh annotated graph in the Featured Stock Update section. >>> The latest Featured Stock Update with an annotated graph appeared on 1/5/2011. Click here.
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PCLN - NASDAQ Priceline.com Inc	$434.48	+0.88 0.20%	$441.54	964,582 93.86% of 50 DAV 50 DAV is 1,027,700	$441.54 -1.60%	1/3/2011	$399.55	PP = $428.20 MB = $449.61
Most Recent Note - 1/6/2011 1:06:33 PM Y - Hit another new high today. Its considerable gain on 1/05/11 with heavy volume for a new all-time high confirmed a technical buy signal. PCLN rallied convincingly above the pivot point cited in the January 2011 CANSLIM.net News with detailed analysis and annotated daily and weekly graphs (read here). >>> The latest Featured Stock Update with an annotated graph appeared on 1/2/2011. Click here.
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ROVI - NASDAQ Rovi Corp	$64.42	-1.24 -1.89%	$65.76	1,464,391 124.49% of 50 DAV 50 DAV is 1,176,300	$67.00 -3.85%	10/29/2010	$49.99	PP = $53.10 MB = $55.76
Most Recent Note - 1/6/2011 1:21:16 PM G - Pulling back today from its 52-week high. Above average and ever-increasing volume behind 8 consecutive gains has it now extended from a sound base. Its recent high near $58.50 and its 50 DMA line define chart support levels to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 12/13/2010. Click here.
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ULTA - NASDAQ Ulta Salon Cosm & Frag	$36.32	+1.80 5.21%	$36.66	528,351 99.67% of 50 DAV 50 DAV is 530,100	$37.24 -2.47%	1/6/2011	$36.12	PP = $37.34 MB = $39.21
Most Recent Note - 1/6/2011 1:31:53 PM Y - Gapped up today after reporting encouraging holiday sales data. Its 50 DMA acted as recent support and it is approaching its 52-week high after an orderly 6-week consolidation. Color code was changed to yellow with new pivot point cited based on its 52-week high plus 10 cents. Disciplined investors will resist the urge to get in "early" and watch for gains above the pivot point with at least +50% above average volume to trigger a new (or add-on) technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 12/22/2010. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ARLP - NASDAQ - METALS & MINING - Nonmetallic Mineral Mining Alliance Res Partners Lp	$68.57	+1.33 1.98%	$68.99	$68.99	-0.61%	84,801 89.26%	95,000
Most Recent Note for ARLP - 1/6/2011 12:25:04 PM Gains this week have it making new all-time highs. Found support near its 50 DMA and continued rising since last noted in the 10/28/10 mid-day report - "This MLP in the Energy - Coal industry has a quarterly and annual earnings history that has not been strong and steady."
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ARMH - NASDAQ - ELECTRONICS - Semiconductor - Specialized A R M Holdings Plc Ads	$22.50	+0.62 2.83%	$23.68	$23.68	-4.99%	7,979,021 277.07%	2,879,800
Most Recent Note for ARMH - 1/6/2011 12:27:16 PM Gapped up again today and hit another new 52-week high after breaking out from a cup-with-handle type base with considerable recent gap up gains. Prior mid-day reports 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	$129.54	-0.46 -0.35%	$130.38	$130.95	-1.08%	111,349 92.33%	120,600
Most Recent Note for BPT - 1/6/2011 12:29:16 PM Hovering near its all-time high. 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	$10.62	+0.37 3.61%	$10.85	$10.85	-2.12%	270,462 141.16%	191,600
Most Recent Note for BSQR - 1/6/2011 12:30:11 PM Considerable gains this week for new 52-week highs. Prior mid-day reports following considerable gains on heavy volume noted - "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	$45.35	+2.40 5.60%	$45.54	$45.54	-0.41%	1,191,030 110.51%	1,077,800
Most Recent Note for CAVM - 1/6/2011 12:31:16 PM Hitting new 52-week and all-time highs this week with a streak of 4 consecutive gains. Earnings history has been erratic and below guidelines.
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CHKP - NASDAQ - COMPUTER SOFTWARE & SERVICES - Security Software & Services Check Point Sftware Tech	$46.57	-1.79 -3.71%	$47.97	$48.78	-4.54%	2,248,012 146.65%	1,532,900
Most Recent Note for CHKP - 1/6/2011 12:34:14 PM Pulling back today after spiking to a new 52-week high on the prior session. It is not near a sound base and was last noted in the 10/15/10 mid-day report - "Adding to a recent streak of gains after breaking out in late-September from a cup-with-handle type base completed since noted in the 8/25/10 mid-day report with an 18-week cup shaped base - 'This Israel-based Computer Software - Security firm has earned high ranks and has a history of steady sales revenues and earnings increases (not showing acceleration) below or borderline with fact-based investment system's minimum guidelines.'"
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CRNT - NASDAQ - TELECOMMUNICATIONS - Communication Equipment Ceragon Networks Ltd	$13.10	+0.11 0.81%	$13.11	$13.73	-4.59%	180,044 76.68%	234,800
Most Recent Note for CRNT - 1/6/2011 12:35:40 PM Hovering near its 52-week high. Prior mid-day reports noted - "Recent quarters show sales and earnings improving but prior history is below the fact-based system's guidelines. Based on the weak action it was dropped from the Featured Stocks list 11/7/07 and subsequently slumped from $14 to as low as $3.90 before rebounding."
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DDS - NYSE - RETAIL - Department Stores Dillards Inc	$39.46	+1.33 3.49%	$40.18	$40.18	-1.79%	955,569 94.65%	1,009,600
Most Recent Note for DDS - 1/6/2011 12:37:24 PM Hit a new 52-week high today. Held its ground stubbornly and rallied since noted in the 12/02/10 mid-day report following a gap up after a 6-month cup shaped base - "Its sales revenues are not growing, and its earnings history and other characteristics are below the investment system's guidelines."
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JDSU - NASDAQ - ELECTRONICS - Diversified Electronics J D S Uniphase Corp	$15.79	+0.76 5.02%	$15.85	$15.88	-0.60%	4,618,765 105.91%	4,361,200
Most Recent Note for JDSU - 1/6/2011 12:42:02 PM Hit a new 52-week high today, and it has steadily risen since its 12/13/10 gap up gain above its April 2010 high. Recent quarters showed better sales and earnings increases versus the year earlier, but prior quarterly comparisons and annual earnings (A criteria) have not been strong and steady and are below the guidelines of the investment system.
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KSU - NYSE - TRANSPORTATION - Railroads Kansas City Southern	$50.28	+0.32 0.64%	$50.49	$50.49	-0.42%	788,376 81.62%	965,900
Most Recent Note for KSU - 1/6/2011 12:43:01 PM Hit a new 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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LFUS - NASDAQ - MANUFACTURING - Industrial Electrical Equipmen Littelfuse Inc	$51.85	+2.35 4.75%	$52.18	$52.22	-0.71%	102,748 83.26%	123,400
Most Recent Note for LFUS - 1/6/2011 12:44:47 PM Hit new 52-week and multi-year high this week and it has no resistance remaining due to overhead supply. The 12/09/10 mid-day report noted - "Earnings history has been erratic and below guidelines. Recent comparisons showed great sales revenues and earnings increases."
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MGA - NYSE - AUTOMOTIVE - Auto Parts Magna Intl Inc	$58.13	-0.87 -1.47%	$59.94	$60.43	-3.81%	1,127,127 101.67%	1,108,600
Most Recent Note for MGA - 1/6/2011 12:48:38 PM Pulling back today after hitting a new 52-week high with 4 consecutive gains on ever-increasing volume. Prior mid-day reports noted - "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	$78.06	+0.93 1.21%	$78.68	$78.68	-0.79%	4,237,575 96.80%	4,377,600
Most Recent Note for MOS - 1/6/2011 12:53:51 PM Hit a new 52-week high today with above average volume behind a second consecutive gain. Recent mid-day reports noted a technical breakout from a 7-week flat base, and it has improving sales revenues growth and solid earnings increases in the 4 latest quarterly financial reports. Its erratic annual earnings (A criteria) history is a cause for concern, fundamentally.
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N - NYSE - DIVERSIFIED SERVICES - Business/Management Services Netsuite Inc	$28.14	+0.84 3.08%	$28.34	$28.34	-0.71%	366,671 116.04%	316,000
Most Recent Note for N - 1/6/2011 12:55:32 PM Today it hit a new 52-week high with a second consecutive gain with above average volume. Recently found impressive support near its 50 DMA line. Recent quarterly comparisons show improving sales revenues and earnings, but its prior earnings history has not met the investment system's guidelines.
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NVMI - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Nova Ltd	$8.76	+0.46 5.54%	$9.00	$9.00	-2.67%	292,782 115.63%	253,200
Most Recent Note for NVMI - 1/6/2011 12:56:51 PM Gapped up for a solid gain and new 52-week high today. This low-priced Semiconductor Equipment firm headquartered in Israel was noted in prior mid-day reports - "Recent quarterly comparisons showed sales and earnings improving, but its prior earnings history has been quite erratic and below the investment system's guidelines."
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PIR - NYSE - RETAIL - Home Furnishing Stores Pier 1 Imports Inc	$10.86	+0.20 1.88%	$11.17	$11.17	-2.78%	2,396,192 100.58%	2,382,300
Most Recent Note for PIR - 1/6/2011 1:08:06 PM Hit a new 52-week high today. Up substantially from a $0.10 low in March 2009. Sales revenues and earnings in quarterly and annual comparisons has been below the fact-based system's guidelines.
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PRGS - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Progress Software Corp	$43.45	+0.11 0.25%	$43.67	$45.23	-3.94%	215,957 91.78%	235,300
Most Recent Note for PRGS - 1/6/2011 1:08:36 PM Still holding its ground after hitting a new 52-week high with a considerable volume-driven gain on 12/22/10. It reported earnings +16% on +6% sales revenues for the quarter ended November 30, 2010 versus the year ago period. It has steadily advanced and stubbornly held its ground since the 10/15/10 mid-day report noted - "Rallying to a new 52-week and multi-year high. Earnings increases above the +25% guideline in the 3 latest quarterly comparisons are a reassuring sign and helped it earn high ranks. However, sales revenues increases in the +6-9% range over the recent period fall below the fact-based investment system's guidelines for robust growth in demand typical of a hot new (N criteria) product or service. On 12/20/2005 it was dropped from the CANSLIM.net Featured Stocks list."
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PXD - NYSE - ENERGY - Independent Oil & Gas Pioneer Natural Resource	$88.35	+0.20 0.22%	$90.03	$90.03	-1.87%	953,379 90.89%	1,048,900
Most Recent Note for PXD - 1/6/2011 1:11:22 PM Impressive earnings increases and sales growth in recent quarters, however its annual earnings history has been up and down (bad A criteria). Extended from any sound base, stubbornly holding its ground and rising since its 12/01/10 gap up gain helped it clear its 2008 high.
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QNST - NASDAQ - MEDIA - Advertising Agencies Quinstreet Inc	$21.59	+1.17 5.73%	$21.88	$22.00	-1.86%	440,350 148.02%	297,500
Most Recent Note for QNST - 1/6/2011 1:15:22 PM Rallying from support at its 50 DMA line and prior highs this week. Today's considerable gain for a new 52-week high with heavy volume cleared the old high hit when the 12/09/10 mid-day report noted - "Earnings history is below guidelines."
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RELL - NASDAQ - Elec-Misc Products Richardson Electrs	$12.89	+0.11 0.86%	$12.89	$13.00	-0.85%	132,949 157.15%	84,600
Most Recent Note for RELL - 1/6/2011 1:17:53 PM Touched a new 52-week high today with a 4th consecutive gain on above average and ever-increasing volume. Earnings growth has not been strong and steady, so its fundamentals are below the guidelines of the investment system.
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TGH - NYSE - TRANSPORTATION - Logistics Textainer Group Holdings	$31.26	+1.36 4.53%	$31.45	$32.45	-3.68%	155,488 117.26%	132,600
Most Recent Note for TGH - 1/6/2011 1:25:14 PM Rallying for a 4th consecutive session today, rising near its all-time high hit when last noted in the 12/08/10 mid-day report with no resistance remaining due to overhead supply. It found support near its 50 DMA line in the interim. Prior mid-day reports noted - "Recent quarterly comparisons show sales and earnings improving after a streak of negative comparisons. Its annual earnings (A criteria) history has not been strong and steady."
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TISI - NYSE - DIVERSIFIED SERVICES - Technical Services Team Inc	$26.40	+0.75 2.92%	$26.53	$26.56	-0.60%	68,631 76.60%	89,600
Most Recent Note for TISI - 1/6/2011 1:26:51 PM Hit yet another new 52-week high today with a second consecutive volume-driven gain, extended from any sound base. 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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WLK - NYSE - CHEMICALS - Specialty Chemicals Westlake Chemical Corp	$42.72	-0.36 -0.84%	$42.96	$44.16	-3.26%	159,018 76.12%	208,900
Most Recent Note for WLK - 1/6/2011 1:35:46 PM Hovering near its all-time high. Held its ground stubbornly and rallied well above its 2006-2007 highs in the $37 area since last noted in the 11/04/10 mid-day report - "Recent quarters show great improvement but its earnings history has been below guidelines of the fact based investment system. It was last noted long ago in the 3/09/05 mid-day report. "
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WLT - NYSE - MATERIALS & CONSTRUCTION - Residential Construction Walter Energy Inc	$135.93	-0.14 -0.10%	$138.00	$138.00	-1.50%	1,669,407 80.48%	2,074,200
Most Recent Note for WLT - 1/6/2011 1:38:03 PM This Tampa, FL based Energy - Coal firm has rallied to a new all-time highs this week with above average volume. In weeks prior it rallied for steady gains on average or lighter than average volume. Rising and stubbornly holding its ground since noted in November mid-day reports - "On course to possibly challenge or top its 2008 all-time high ($111.99). Prior mid-day reports noted - 'Near its 52-week high after a 6-month cup shaped base. Its earnings history is below the investment system guidelines.'"
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