Mid-Day Breakouts Report - Friday, January 28th, 2011

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MIDDAY BREAKOUTS REPORT - FRIDAY, JANUARY 28TH, 2011
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DOW 11851.82 -138.01 (-1.15%) | NASDAQ 2692.21 -63.07 (-2.29%) | S&P 500 1279.16 -20.38 (-1.57%)

Time of Screening : 1/28/2011 12:27:50 PM Report Released : 1/28/2011 2:01:28 PM
Price is: Above 52W High and Less Than 52W High but within 5% of the 52 Week High
Volume Is: At least 85% 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
CRUS - NASDAQ Cirrus Logic Inc	$20.69	-0.60 -2.82%	$21.72	5,534,133 184.84% of 50 DAV 50 DAV is 2,994,000	$21.72 -4.74%	1/28/2011	$20.69	PP = $19.17 MB = $20.13
Most Recent Note - 1/28/2011 12:53:09 PM Y - Reversed into the red while churning heavy volume today following a considerable breakout gain on 1/27/11, rising from a bullish reverse-head-and-shoulders type pattern and reaching new 52-week highs. Color code is changed to yellow with pivot point cited based on its 1/19/11 high plus ten cents. It found support near its 200 DMA line during its deep consolidation since last noted in the mid-day report on 7/23/10 with cautionary remarks. Quarterly sales revenues and earnings increases in quarterly comparisons versus the year ago period have shown impressive increases. Its annual earnings (A criteria) history was up and down in the past, but strong in FY '09 and '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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RAX - NYSE Rackspace Hosting Inc	$33.36	+1.15 3.57%	$35.87	3,185,537 196.40% of 50 DAV 50 DAV is 1,622,000	$35.87 -7.00%	1/10/2011	$22.84	PP = $32.76 MB = $34.40
Most Recent Note - 1/28/2011 1:28:37 PM G - Following a gap up today and a new all-time high it erased much of its early gain and is trading near the session low. Found prompt support near its 50 DMA line recently after a 1/20/11 gap down completely negated its 1/11/11 technical breakout. Its recent low ($29.52 on 1/20/10) now defines important support to watch where subsequent violations would raise more serious concerns. >>> The latest Featured Stock Update with an annotated graph appeared on 12/31/2010. Click here.
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UA - NYSE Under Armour Inc Cl A	$59.48	-0.31 -0.52%	$60.98	607,109 90.71% of 50 DAV 50 DAV is 669,300	$60.98 -2.46%	1/27/2011	$58.31	PP = $56.99 MB = $59.84
Most Recent Note - 1/28/2011 1:52:52 PM Y - Touched a new 52-week high today then reversed slightly into the red. A strong finish after a considerable gap up gain above its 50 DMA line helped it break out on 1/27/11 from a near-minimum-length 8-week "double bottom" type base, triggering a technical buy signal. The strength was noted as an immediate reaction to strong earnings and sales revenues increases reported for the quarter ended Dec 31, 2011 with positive guidance. Color code was changed to yellow with new pivot point cited based on its 1/19/11 high. Previously noted that it may encounter resistance at its 52-week high, and it remains well off its 2007 all-time high ($73.40). >>> The latest Featured Stock Update with an annotated graph appeared on 12/23/2010. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
BAM - NYSE - FINANCIAL SERVICES - Asset Management Brookfield Asset Mgmt A	$32.64	-0.28 -0.85%	$32.95	$33.84	-3.55%	1,349,597 182.92%	737,800
Most Recent Note for BAM - 1/28/2011 12:33:51 PM Making its second consecutive mid-day report appearance while enduring distributional pressure. Recent quarters showed much better sales and earnings increases versus the losses 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. It survived but did little to impress since noted in the 12/18/06 mid-day report.
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CRR - NYSE - MATERIALS & CONSTRUCTION - General Building Materials Carbo Ceramics Inc	$112.45	+2.43 2.21%	$112.66	$112.66	-0.19%	251,531 126.40%	199,000
Most Recent Note for CRR - 1/28/2011 12:39:50 PM Up again today following a gap up for a new all-time high on the prior session. The 1/27/11 mid-day report noted - "Breaking out from a sound flat base with support at its 50 DMA line. There is no overhead supply to act as resistance. Recent quarterly results showed great earnings and sales increases versus the year ago period. Prior quarterly and annual earnings (A criteria) history is below guidelines."
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EAT - NYSE - LEISURE - Restaurants Brinker International	$23.53	-0.43 -1.79%	$24.41	$24.41	-3.61%	1,764,532 93.25%	1,892,200
Most Recent Note for EAT - 1/28/2011 12:54:55 PM Touched a new 52-week high today and reversed into the red. Rising further from prior chart highs following a "breakaway gap" on 1/25/11. Sales history is below guidelines. Quarterly sales should be up +18-25% or more or accelerating impressively over prior quarters.
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FDS - NYSE - COMPUTER SOFTWARE & SERVICES - Information & Delivery Service Factset Research Sys Inc	$99.51	-0.27 -0.27%	$100.73	$100.73	-1.21%	169,897 89.47%	189,900
Most Recent Note for FDS - 1/28/2011 12:56:52 PM Inching to new all-time highs today with a 5th consecutive small gain. Steadily advancing since last noted in the 10/21/10 mid-day report noted - "Sales revenues and earnings history below guidelines."
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GPRO - NASDAQ - ELECTRONICS - Scientific & Technical Instrum GoPro, Inc	$62.38	-0.61 -0.97%	$63.12	$63.25	-1.38%	356,737 99.51%	358,500
Most Recent Note for GPRO - 1/28/2011 12:58:09 PM Prior mid-day reports noted - "Rallying steadily in recent months to new 52-week highs, on course to possibly challenge its 2007 all-time high ($71.84). Sales and earnings history are below the guidelines of the fact-based system."
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GTI - NYSE - MANUFACTURING - Industrial Electrical Equipmen Graftech Intl Ltd Hldg	$20.61	-0.65 -3.06%	$21.33	$21.42	-3.78%	1,224,049 98.63%	1,241,100
Most Recent Note for GTI - 1/28/2011 1:01:31 PM Today it has reversed from the new 52-week high hit on the prior session after an orderly flat base above its 50 DMA line. Noted in prior mid-day reports - "Recent quarters shown improving sales and earnings but its prior earnings history is below guidelines."
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INFA - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Informatica Corp	$44.82	+2.25 5.29%	$47.69	$47.69	-6.02%	1,633,221 201.83%	809,200
Most Recent Note for INFA - 1/28/2011 1:10:25 PM Trading in the lower part of its intra-day range after gapping up today from below its 50 DMA line and touching a new 52-week high with its early gains. This Redwood City, CA-based Computer Software - Database firm has steadily advanced without forming a recent sound base pattern. Fundamentally, it showed strong sales revenues and earnings increases for the 3 most recent quarters (Jun, Sep, Dec '10) above the +25% minimum guidelines and it has maintained a steady annual earnings (A criteria) history.
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JDSU - NASDAQ - ELECTRONICS - Diversified Electronics J D S Uniphase Corp	$17.10	+0.35 2.06%	$17.85	$17.85	-4.23%	7,500,480 178.02%	4,213,300
Most Recent Note for JDSU - 1/28/2011 1:12:07 PM Touched a new 52-week high today but erased most of its early gain. Consolidating after a recent cluster of volume-driven gains to new 52-week highs. Prior mid-day reports noted - "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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KLAC - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate K L A Tencor Corp	$43.31	-1.37 -3.07%	$45.99	$45.98	-5.81%	2,205,870 102.01%	2,162,300
Most Recent Note for KLAC - 1/28/2011 1:13:11 PM Touched a new 52-week high today then reversed into the red. Steadily rallied following a 1/14/11 breakaway gap. Prior mid-day reports noted - "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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LSCC - NASDAQ - ELECTRONICS - Semiconductor - Specialized Lattice Semiconductor	$6.34	+0.40 6.78%	$6.56	$6.56	-3.35%	3,161,492 214.64%	1,472,900
Most Recent Note for LSCC - 1/28/2011 1:15:57 PM Gapped up today and hit a new 52-week high, rising above previously noted stubborn resistance near the $6.00 level. Found support when consolidating near its 200 DMA line late last year. The 3 latest quarters show greatly improved sales and earnings but its prior quarterly and annual earnings history has been below guidelines.
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MKSI - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate M K S Instruments Inc	$28.77	-0.30 -1.03%	$29.23	$29.23	-1.57%	365,181 110.29%	331,100
Most Recent Note for MKSI - 1/28/2011 1:18:58 PM Found support above prior highs while consolidating, then went on steadily rallying to new multi-year highs since last noted in the 1/04/11 mid-day report - "Its gap up gain today helped it clear its 4/23/10 high. Annual earnings history has been below the system's guidelines."
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NATI - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services National Instrument Corp	$42.70	-1.28 -2.91%	$44.04	$44.78	-4.64%	191,842 94.88%	202,200
Most Recent Note for NATI - 1/28/2011 1:23:49 PM Pulling back following a considerable volume-driven gain for new highs on 1/27/11 after news of a dividend increase and 3:2 split pending. Recent quarters showed much better sales and 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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RDEN - NASDAQ - CONSUMER NON-DURABLES - Personal Products Elizabeth Arden Inc	$25.84	+1.09 4.40%	$25.98	$25.98	-0.54%	134,445 103.82%	129,500
Most Recent Note for RDEN - 1/28/2011 1:33:04 PM Hit a new 52-week high today. Its sales revenue growth rate has been in the +6-7% range while recent quarters showed much 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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RKT - NYSE - CONSUMER NON-DURABLES - Paper & Paper Products Rock Tenn Co Cl A	$66.19	-1.17 -1.74%	$67.68	$68.73	-3.70%	1,052,273 147.60%	712,900
Most Recent Note for RKT - 1/28/2011 1:40:03 PM Recent quarterly comparisons showed sales revenues growing in the +8-11% range and its annual earnings (A criteria) showed a downturn in FY '10, giving investors causes for concern. It spiked higher this week with 4 consecutive gains on heavy volume following 1/23/11 news it was buying Smurfit-Stone Container (SSCC) for $3.5 Billion.
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ROK - NYSE - Electrical-Power/Equipmt Rockwell Automation Inc	$80.79	-1.91 -2.31%	$81.91	$82.97	-2.63%	1,188,926 108.17%	1,099,100
Most Recent Note for ROK - 1/28/2011 1:41:22 PM Holding its ground since a gap up for a considerable gain and new 52-week high on 1/26/11 was noted while clearing its $79 high from 2006. Stubbornly held its ground after noted in prior mid-day reports - "Recent quarters show sales and earnings improvement, but prior history is below guidelines."
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SILC - NASDAQ - COMPUTER HARDWARE - Networking & Communication Dev Silicom Ltd	$20.02	-0.42 -2.05%	$20.53	$21.00	-4.66%	47,688 99.14%	48,100
Most Recent Note for SILC - 1/28/2011 1:45:10 PM This Israeli manufacturer of Computer- Networking devices stubbornly held its ground since a breakaway gap on 1/24/11. Its 50 DMA line defined support during its ongoing rally from July '10 lows below $10. The 3 latest quarterly comparisons show improving sales and earnings, but prior earnings history (A criteria had a downturn in FY '09) has been below the fact-based investment system's guidelines.
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TSCO - NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other Tractor Supply Co	$50.95	-2.06 -3.89%	$53.14	$53.19	-4.21%	749,072 129.31%	579,300
Most Recent Note for TSCO - 1/28/2011 1:48:27 PM Pulling back abruptly today after a considerable gap up gain on 1/27/11 for a new all-time high following an orderly consolidation above its 50 DMA line. No resistance remains due to overhead supply while it rises from a riskier late-stage base. Recent quarterly comparisons show strong earnings (good C criteria) with sales revenues growth improving by +20% in the quarter ended Dec 31, 2010, better than prior sub-par revenues increases. TSCO was long ago featured in the June '03 CANSLIM.net News.
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UFPT - NASDAQ - CONSUMER NON-DURABLES - Packaging & Containers U F P Tech Inc	$16.63	-0.06 -0.36%	$17.36	$17.36	-4.21%	123,483 168.46%	73,300
Most Recent Note for UFPT - 1/28/2011 1:54:51 PM Hit a new 52-week high earlier today, then reversed into the red. Steadily rallied since last noted in the 1/05/11 mid-day report - "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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WES - NYSE - ENERGY - Oil &; Gas Pipelines Western Gas Partners Lp	$33.05	+0.38 1.16%	$33.12	$33.21	-0.48%	213,558 95.77%	223,000
Most Recent Note for WES - 1/28/2011 1:57:57 PM Holding its ground today following 4 consecutive volume-driven gains for new 52-week highs. This week it rose from an orderly base pattern 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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WLL - NYSE - ENERGY - Oil & Gas Drilling & Explorati Whiting Petroleum Corp	$122.55	+4.42 3.74%	$123.36	$123.36	-0.66%	795,017 105.71%	752,100
Most Recent Note for WLL - 1/28/2011 1:59:33 PM Touched a new all-time high with today's gain on above average volume. Last noted in the mid-day report on 1/20/11 as -"It rose above its 2008 all-time high ($112.42) and stubbornly held its ground since the 11/30/10 mid-day report noted - 'Downturn in FY '09 annual earnings (A criteria) history and earlier downturn in 2007 are concerns. Recent quarterly comparisons showed an impressive upturn in sales revenues and earnings growth after a streak of negative comparisons and year ago losses.'"
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