Mid-Day Breakouts Report - Friday, January 8th, 2010

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MIDDAY BREAKOUTS REPORT - FRIDAY, JANUARY 8TH, 2010
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DOW 10584.34 -22.52 (-0.21%) | NASDAQ 2311.63 11.58 (0.50%) | S&P 500 1140.87 -0.82 (-0.07%)

Report Released : 1/8/2010 1:40:12 PM
Price is: Above 52W High and Less Than 52W High but within 0% of the 52 Week High
Volume Is: At least 0% 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
CAAS - NASDAQ China Automotive Systems	$24.44	+1.59 6.96%	NA	851,971 94.91% of 50 DAV 50 DAV is 897,700	$24.80 -1.45%	11/30/2009	$18.84	PP = $17.62 MB = $18.50
Most Recent Note - 1/8/2010 12:34:54 PM G - Hit a new all-time high today with a considerable gain while volume is running at an above average pace. Volume was more than 4 times average behind its considerable 1/05/10 gain for a new high. The choppy consolidation over the prior 5 weeks involved a -28% pullback, so this was not a sound "flat base" of the minimum length. However, no overhead supply remains and it could go on to produce a "climax run", especially considering its small float of only 4.86 million shares (S criteria). It found prompt support following a sharp pullback to its short-term average line. The Chinese maker of power steering systems had negated most of its bullish action since featured in the 11/30/09 mid-day report (read here). >>> The latest Featured Stock Update with an annotated graph appeared on 12/29/2009. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AHGP - NASDAQ - METALS &; MINING - Nonmetallic Mineral Mining Alliance Holdings Gp Lp	$27.70	-0.30 -1.07%	NA	$29.09	-4.78%	32,789 70.67%	46,400
Most Recent Note for AHGP - 1/8/2010 12:27:53 PM Hovering near its 52-week high. Previously noted in 12/24 mid-day report when rallying from a long saucer-like base that its fundamentals are below guidelines of the investment system. Sales revenues have been decelerating in recent quarterly comparisons and its annual earnings (A criteria) history has been up and down.
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CQP - AMEX - ENERGY - Oil & Gas Refining & Marketing Cheniere Energy Partners	$15.14	+0.03 0.20%	NA	$15.55	-2.64%	222,104 84.07%	264,200
Most Recent Note for CQP - 1/8/2010 12:52:10 PM Hit another new 52-week high with today's 7th consecutive gain. Fundamental data is showing a many years of losses (bad A criteria) for this master limited partnership, while sequential revenue increases and earnings in recent quarters have been an encouraging sign.
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CTSH - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Cognizant Tech Sol Cl A	$46.26	+0.72 1.58%	NA	$47.75	-3.12%	1,923,187 59.19%	3,249,000
Most Recent Note for CTSH - 1/8/2010 12:55:19 PM Positively reversed today after pulling back near prior chart highs in the $45 area. Recent quarterly sales revenues and earnings increases have been below or borderline with the investment system's minimum guidelines.Steadily rallied since it gapped up on 8/04/09 for a new 52-week high, it has no recent base. As of 4/11/07 this stock was dropped from the CANSLIM.net Featured Stocks list. and it subsequently fell from $40+ to $14 before rebounding.
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CYD - NYSE - MANUFACTURING - Diversified Machinery China Yuchai Intl Ltd	$18.51	+0.66 3.70%	NA	$18.88	-1.96%	910,420 209.44%	434,700
Most Recent Note for CYD - 1/8/2010 12:58:40 PM Today marks its 4th consecutive mid-day report appearance as gains this week have lifted it to a new 52-week high following an orderly consolidation above its 50 DMA line. However, its erratic sales and earnings history leaves fundamental concerns.
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FTI - NYSE - ENERGY - Oil & Gas Equipment & Services F M C Technologies Inc	$60.58	+0.75 1.25%	NA	$60.92	-0.56%	803,027 63.25%	1,269,700
Most Recent Note for FTI - 1/8/2010 1:05:46 PM Hit a new 52-week high today. It rebounded impressively from its lows and built an orderly flat base in recent months, however sales revenues and earnings comparisons have been under the +25% guideline. It plunged from $58 to $20 in 4 months after weak technical action prompted it to be dropped from the Featured Stocks list on 8/01/2008, serving as an example of why investors should limit all losses at 7-8%. It broke down shortly after its appearance as a promising looking buy candidate in the July 2008 issue of CANSLIM.net News (see here).
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GOL - NYSE - TRANSPORTATION - Regional Airlines Gol Intelligent Airlines	$16.19	+0.80 5.20%	NA	$16.42	-1.40%	979,080 79.34%	1,234,100
Most Recent Note for GOL - 1/8/2010 1:09:46 PM Brazilian airline gapped up today for a new 52-week high. Poor fundamental history is a serious concern, despite optimism over the country hosting the 2016 Olympics.
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HMIN - NASDAQ - LEISURE - Lodging Home Inns & Htls Mgt Ads	$39.85	+0.85 2.18%	NA	$40.00	-0.38%	361,951 61.12%	592,200
Most Recent Note for HMIN - 1/8/2010 1:11:45 PM Hit a new 52 week high today. Stubbornly held its ground since its 1/04/10 breakout from an orderly base above its 50 DMA line. Annual earnings (A criteria) showed a downturn in FY '08, leaving fundamental concerns.
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HPJ - NASDAQ - MANUFACTURING - Industrial Equipment & Compone Highpower International	$8.86	+0.41 4.85%	NA	$9.07	-2.32%	334,863 73.27%	457,000
Most Recent Note for HPJ - 1/8/2010 1:14:44 PM Rallying near its 52-week high after a 4-week consolidation. Fundamentals are below guidelines of the investment system.
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SNCR - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Synchronoss Technologies	$18.10	+0.08 0.44%	NA	$18.17	-0.39%	104,721 75.99%	137,800
Most Recent Note for SNCR - 1/8/2010 1:23:36 PM Holding its ground today after a gap up on 1/07/10 following an analyst upgrade. Annual and quarterly earnings history below guidelines.
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TECD - NASDAQ - WHOLESALE - Computers Wholesale Tech Data Corp	$46.85	-1.09 -2.27%	NA	$48.83	-4.05%	422,449 71.59%	590,100
Most Recent Note for TECD - 1/8/2010 1:29:54 PM Consolidating from a new 52-week high and multi-year high hit earlier this week. Shrinking sales revenues and its up and down annual earnings history raise fundamental concerns.
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ULTA - NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other Ulta Salon Cosm & Frag	$21.25	+0.39 1.87%	NA	$21.49	-1.12%	369,170 125.14%	295,000
Most Recent Note for ULTA - 1/8/2010 1:32:41 PM Considerable gains this week helped it rally to a new 52 week high, getting extended from any sound base. Found support near its 50 DMA line throughout its rally from March '09 lows near $4. Sales revenues increases have been under guidelines, leaving fundamental concerns even though earnings increases in recent quarters were strong.
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VRX - NYSE - DRUGS - Drug Manufacturers - Other Valeant Pharmaceuticals	$33.93	-0.61 -1.77%	NA	$35.28	-3.83%	727,877 97.43%	747,100
Most Recent Note for VRX - 1/8/2010 1:36:36 PM Hit a new 52-week high earlier today, the negatively reversed. Gains with above average volume on the 2 prior sessions helped it rally straight up from the bottom of a 7-week base. Recent quarterly comparisons versus the year ago period have shown sales revenues acceleration and very impressive earnings increases. Its up and down annual earnings (A criteria) history is a concern.
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WX - NYSE - DRUGS - Drug Manufacturers - Other Wuxi Pharmatech Inc Ads	$17.58	+0.53 3.13%	NA	$18.00	-2.31%	258,543 57.74%	447,800
Most Recent Note for WX - 1/8/2010 1:39:32 PM This Chinese Medical/Dental Services firm gapped up today, challenging its 52-week highs. It has been consolidating in a tight trading range above its 50 DMA line for the past 6 weeks since its considerable gain for a new 2009 high was noted on 11/30/09. Its sales revenues and earnings are below the investment system's guidelines.
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THESE ARE NOT BUY RECOMMENDATIONS! Comments contained in the body of this report are technical opinions only. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. We are not an investment advisor, hence it does not endorse or recommend any securities or other investments. 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. All trademarks, service marks and trade names appearing in this report are the property of their respective owners, and are likewise used for identification purposes only.

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