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 MIDDAY BREAKOUTS REPORT - MONDAY, JANUARY 24TH, 2011
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DOW 11971.55 99.71 (0.84%) | NASDAQ 2716.83 27.29 (1.01%) | S&P 500 1290.19 6.84 (0.53%)
Time of Screening : 1/24/2011 12:27:21 PM         Report Released : 1/24/2011 1:43:05 PM
Price is: Above 52W High and Less Than 52W High but within 8% 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
Max Buy
EZCH - NASDAQ
Ezchip Semiconductor Ltd
$31.77 +0.76
2.45%
$31.83 238,282
81.58% of 50 DAV
50 DAV is 292,100
$33.20
-4.31%
12/2/2010 $27.53 PP = $26.00
MB = $27.30
Most Recent Note - 1/24/2011 1:01:14 PM
G - Consolidating above prior chart highs in the $29 area which define initial support to watch well above its 50 DMA line. It is not near a sound base.
>>> The latest Featured Stock Update with an annotated graph appeared on 1/21/2011. Click here.
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Symbol - Exchange - Industry Group
Company Name
Last Chg Day
High
52 WK Hi % From Hi Volume
% DAV
DAV
AAPL - NASDAQ - COMPUTER HARDWARE - Personal Computers
Apple Inc
$334.83 +8.11
2.48%
$335.27 $348.60 -3.95% 12,024,403
78.62%
15,293,800
Most Recent Note for AAPL - 1/24/2011 12:41:01 PM
Up today following 4 consecutive losses with above average volume. Wider than usual intra-day price volatility is a recent indication of uncertainty, and its 50 DMA line and prior highs define support to watch. With the second largest market cap of all publicly traded firms, AAPL does not fit the mold of small growth firms relatively unknown by the institutional crowd which would be more typical of the fact-based investment system's best winners. Prior mid-day reports have suggested that members see the Featured Stocks page - with detailed notes on most action-worthy ideas and best buy candidates under the fact-based investment system.
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ALB - NYSE - CHEMICALS - Synthetics
Albemarle Corp
$57.78 +0.09
0.16%
$58.02 $60.70 -4.81% 496,796
79.90%
621,800
Most Recent Note for ALB - 1/24/2011 12:42:24 PM
After an analyst downgrade last week it abruptly reversed from an all-time high. Its 50 DMA line acted as support since it was noted in the 12/08/10 mid-day report - "Quarterly results showed stronger sales and earnings increases in Mar, Jun, and Sept '10 after a downward turn and negative comparisons in recent years (bad A criteria)."
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AMOT - NASDAQ - ELECTRONICS - Scientific & Technical Instrum
Allied Motion Tech
$8.10 +0.19
2.34%
$8.20 $8.61 -5.98% 26,507
117.81%
22,500
Most Recent Note for AMOT - 1/24/2011 12:44:10 PM
Mid-day report on 1/18/11 noted - "Extended from a sound base and hitting a new 52-week high. Recent quarters showed better sales and earnings increases versus the year earlier, but prior quarterly comparisons and annual earnings (A criteria) growth have not been strong and steady so it is fundamentally below guidelines of the fact-based investment system."

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CGNX - NASDAQ - ELECTRONICS - Scientific & Technical Instrum
Cognex Corp
$30.52 +0.90
3.04%
$30.84 $31.63 -3.51% 176,108
79.40%
221,800
Most Recent Note for CGNX - 1/24/2011 12:53:02 PM
Gain today follows a gain with above average volume on the prior session that helped it rally above its 50 DMA line, now perched only -3.8% off its 52-week high. Its quarterly sales and earnings comparisons have improved recently. Poor annual earnings history (A criteria) including a loss in FY '09 were previously noted as fundamental concerns.
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CRNT - NASDAQ - TELECOMMUNICATIONS - Communication Equipment
Ceragon Networks Ltd
$13.37 +0.21
1.60%
$13.44 $14.34 -6.76% 238,749
100.95%
236,500
Most Recent Note for CRNT - 1/24/2011 12:54:36 PM
Consolidating after spiking up to a new 52-week high last week then promptly encountering distributional pressure. 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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GDOT - NYSE - FINANCIAL SERVICES - Credit Services
Green Dot Corp Cl A
$61.96 -0.36
-0.58%
$62.67 $65.10 -4.82% 280,306
88.76%
315,800
Most Recent Note for GDOT - 1/24/2011 1:02:34 PM
The 1/18/11 mid-day report noted - "Fundamentally below guidelines of the fact-based investment system."

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KLAC - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate
K L A Tencor Corp
$43.26 +1.43
3.41%
$43.38 $43.38 -0.29% 1,686,467
83.15%
2,028,200
Most Recent Note for KLAC - 1/24/2011 1:06:06 PM
Rallying further today after a 1/14/11 breakaway gap. Recent quarters showed much better sales and earnings increases versus the year earlier. Annual earnings (A criteria) growth has not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system.

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LDK - NYSE - ELECTRONICS - Semiconductor Equipment &; Mate
L D K Solar Co Ltd
$14.43 +1.28
9.72%
$14.49 $15.10 -4.45% 10,266,461
187.95%
5,462,200
Most Recent Note for LDK - 1/24/2011 1:10:44 PM
Today's considerable gap up gain has it rallying, after a deep consolidation below its 50 DMA line, near its 52-week high. That high was hit on 11/09/10 when the mid-day report noted - "Its earnings and sales history has been erratic and it slumped from $60 to $3 and completed 2 additional Public Offerings since last noted on 9/26/07 with cautionary tone. It has been rebounding impressively, but fundamentals are below the guidelines."
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MGIC - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software
Magic Software Enter Ltd
$8.42 +0.49
6.11%
$8.62 $8.62 -2.32% 1,068,801
84.43%
1,265,900
Most Recent Note for MGIC - 1/24/2011 1:12:58 PM
Touched another new 52-week high today with above average volume behind gains after a gap up. Recently rising from a "V" shaped consolidation since noted in the 12/13/10 mid-day report. That deep pullback (-27.7%) exceeded the guidelines for an advanced "ascending base" pattern after a steep rally since its early-November breakout from below $3.00. This Israel-based Computer - Tech Services firm's recent quarterly comparisons showed impressive sales and earnings increases and it has a strong annual earnings (A criteria) history.

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OABC - NASDAQ - BANKING - Regional - Southwest Banks
Omniamerican Bancorp
$14.50 +0.13
0.90%
$14.60 $14.60 -0.68% 54,974
180.24%
30,500
Most Recent Note for OABC - 1/24/2011 1:15:36 PM
No sound base. Recent quarters showed better earnings versus the year earlier but waning sales revenues. Prior quarterly comparisons and annual earnings (A criteria) growth have not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system.

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PLCM - NASDAQ - TELECOMMUNICATIONS - Processing Systems & Products
Polycom Inc
$43.53 -0.55
-1.25%
$44.01 $46.22 -5.82% 1,552,827
136.11%
1,140,900
Most Recent Note for PLCM - 1/24/2011 1:17:32 PM
Perched near its 52-week high today after a considerable gap up gain on Friday followed 3 consecutive damaging losses with above average volume. Last week it reported earnings +48% on +27% sales for the quarter ended December 31, 2010 versus the year ago period. Prior earnings history has been below guidelines. No resistance remains due to overhead supply.
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RAVN - NASDAQ - ELECTRONICS - Printed Circuit Boards
Raven Industries
$47.73 +1.08
2.32%
$47.73 $49.59 -3.75% 41,064
100.65%
40,800
Most Recent Note for RAVN - 1/24/2011 1:28:55 PM
Consolidating, finding support above its 50 DMA line and rising today only -3.1% off its 52-week and all-time highs. The 3 latest quarterly comparisons showed strong sales revenues and earnings increases after a streak of negative comparisons. A downward turn in FY '10 earnings is a flaw with respect to the annual earnings history (A criteria) guidelines.
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SILC - NASDAQ - COMPUTER HARDWARE - Networking & Communication Dev
Silicom Ltd
$20.39 +2.69
15.20%
$20.99 $20.99 -2.86% 179,153
445.65%
40,200
Most Recent Note for SILC - 1/24/2011 1:32:52 PM
This Israeli manufacturer of Computer- Networking devices gapped up today and easily cleared the 52-week high hit on 12/20/10 when it was last noted after 10 consecutive gains - "It stubbornly held its ground above its 50 DMA line while consolidating after recent volume-driven gains. Quarterly comparisons show improving sales and earnings, but sales and earnings history are below the fact-based investment system's guidelines."

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STM - NYSE - ELECTRONICS - Semiconductor - Broad Line
Stmicroelectronics N V
$11.80 +0.16
1.37%
$11.81 $12.26 -3.75% 1,163,733
77.97%
1,492,500
Most Recent Note for STM - 1/24/2011 1:34:46 PM
Consolidating after hitting new 52-week highs last week with volume-driven gains followed by distributional pressure. Prior mid-day reports noted - "Recent quarters showed better sales and earnings increases versus losses in the year earlier periods. Prior quarterly comparisons and annual earnings (A criteria) growth have not been strong and steady so it is fundamentally below guidelines of the fact-based investment system."

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TSU - NYSE - TELECOMMUNICATIONS - Telecom Services - Foreign
T I M Participacoes Ads
$38.06 +0.83
2.23%
$38.17 $38.39 -0.86% 398,820
88.65%
449,900
Most Recent Note for TSU - 1/24/2011 1:36:17 PM
Up today, trading near last week's high. The 1/21/11 mid-day report noted - "Earnings history has been erratic and below guidelines. On the rise since technically breaking out on 1/11/11."
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UFS - NYSE - MANUFACTURING - Paper & Packaging
Domtar Corp
$84.16 +2.66
3.26%
$84.16 $84.99 -0.98% 408,806
81.11%
504,000
Most Recent Note for UFS - 1/24/2011 1:39:21 PM
Gapped up today, challenging prior resistance in the $84-85 area following a solid gain off support at its 50 DMA line on the prior session. Recent quarters showed much better earnings increases versus the year earlier. Prior quarterly comparisons and annual earnings (A criteria) growth have not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system.

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WES - NYSE - ENERGY - Oil &; Gas Pipelines
Western Gas Partners Lp
$31.87 +0.87
2.81%
$32.00 $32.15 -0.87% 209,563
97.56%
214,800
Most Recent Note for WES - 1/24/2011 1:41:17 PM
Considerable gain today with above average volume for a new 52-week high. It formed an orderly base above its 50 DMA line. Prior mid-day reports noted - "This Master Limited Partnership's quarterly earnings and sales revenues growth history are below guidelines of the investment system."
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WY - NYSE - MATERIALS & CONSTRUCTION - Lumber, Wood Production
Weyerhaeuser Co
$22.65 +0.16
0.71%
$22.85 $22.85 -0.88% 5,184,116
99.36%
5,217,500
Most Recent Note for WY - 1/24/2011 1:42:44 PM
Hitting another new 52-week high today. The 1/21/11 mid-day report noted - "It has rebounded impressively after a choppy consolidation below its 200 DMA line following its April 2010 peak. Recent quarters showed better sales and earnings increases versus year-ago losses. Prior earnings history is below guidelines."

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