Mid-Day Breakouts Report - Tuesday, February 1st, 2011

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MIDDAY BREAKOUTS REPORT - TUESDAY, FEBRUARY 1ST, 2011
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DOW 12030.92 138.99 (1.17%) | NASDAQ 2752.35 52.27 (1.94%) | S&P 500 1307.11 20.99 (1.63%)

Time of Screening : 2/1/2011 12:32:51 PM Report Released : 2/1/2011 2:12:12 PM
Price is: Above 52W High and Less Than 52W High but within 5% of the 52 Week High
Volume Is: At least 100% 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
BIDU - NASDAQ Baidu Inc Ads	$117.74	+9.11 8.38%	$118.23	13,344,670 176.18% of 50 DAV 50 DAV is 7,574,300	$118.23 -0.42%	2/1/2011	$117.74	PP = $112.08 MB = $117.68
Most Recent Note - 2/1/2011 12:58:52 PM Y - Gapped up today, rising from a "double bottom" base pattern. Color code is changed to yellow with pivot point cited based upon its 12/07/10 high. It rebounded above its 50 DMA line in recent weeks. It stayed well above its 200 DMA line in the interim since it was dropped from the Featured Stocks list on 12/27/10. >>> The latest Featured Stock Update with an annotated graph appeared on 11/30/2010. Click here.
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TIBX - NASDAQ Tibco Software Inc	$24.35	+2.37 10.78%	$24.35	3,800,737 148.87% of 50 DAV 50 DAV is 2,553,100	$24.41 -0.25%	2/1/2011	$24.35	PP = $22.18 MB = $23.29
Most Recent Note - 2/1/2011 2:08:15 PM Y - Spiked to a new 52-week high today with heavy volume behind its considerable gain while rising from an orderly flat base. Color code is changed to yellow but it has quickly gotten extended from what may be considered a "late-stage" or riskier base. Previously noted its streak of 4 quarterly comparisons with +25% earnings (good C criteria) increases with good sales revenues growth. It also has a good annual earnings (A criteria) history, and leadership (L criteria) in the Computer Software - Database group is reassuring. 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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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AA - NYSE - METALS & MINING - Aluminum Alcoa Inc	$17.12	+0.55 3.32%	$17.25	$17.25	-0.75%	31,514,577 109.80%	28,701,200
Most Recent Note for AA - 2/1/2011 12:40:53 PM Hit a new 52-week high today. Fundamentals are below the investment system guidelines. AA was last noted in the 7/10/07 mid-day report - "With only a +13% increase reported in the last quarterly earnings, that puts the 'C' below guidelines. Current earnings per share should be up 25% or more and in many cases accelerating in recent quarters. Quarterly sales should also be up 25% or more or accelerating over prior quarters."
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AMOT - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Allied Motion Tech	$8.68	-0.06 -0.69%	$8.80	$8.80	-1.36%	26,019 107.07%	24,300
Most Recent Note for AMOT - 2/1/2011 12:42:45 PM Steadily advancing since noted in recent mid-day reports - "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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ARMH - NASDAQ - ELECTRONICS - Semiconductor - Specialized A R M Holdings Plc Ads	$27.15	+2.11 8.41%	$27.19	$27.95	-2.87%	7,363,754 165.30%	4,454,700
Most Recent Note for ARMH - 2/1/2011 12:45:58 PM Gapped up today, nearly challenging its 52-week high hit when last noted in the 1/13/11 mid-day report capping streak of 5 consecutive gains. After breaking out from a "cup-with-handle" type base, 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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ASML - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate A S M L Holding N.V. NY	$44.34	+2.33 5.55%	$44.48	$44.48	-0.31%	5,078,533 159.35%	3,187,000
Most Recent Note for ASML - 2/1/2011 12:49:19 PM Gapped up today and hit a new 52-week high, with no overhead supply to act as resistance. 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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AXE - NYSE - WHOLESALE - Electronics Wholesale Anixter International	$66.22	+2.95 4.66%	$68.00	$68.00	-2.62%	496,493 191.18%	259,700
Most Recent Note for AXE - 2/1/2011 12:53:53 PM Gapped up today for a new 52-week high. It survived but failed to impress since last noted in the 10/11/07 mid-day report - "Decelerating sales revenues and earnings growth is a concern, plus the group is not a leading group (bad L criteria)."
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CAVM - NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits Cavium Inc	$44.87	+5.33 13.48%	$45.35	$46.49	-3.48%	2,417,312 260.26%	928,800
Most Recent Note for CAVM - 2/1/2011 1:01:22 PM Gapped up today, rising toward its 52-week and all-time highs. It found support above its 50 DMA line when consolidating since last noted in the 1/06/11 mid-day report - "Earnings history has been erratic and below guidelines."
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CE - NYSE - CHEMICALS - Chemicals - Major Diversified Celanese Corp	$43.00	+1.51 3.64%	$43.50	$44.00	-2.27%	2,012,800 150.32%	1,339,000
Most Recent Note for CE - 2/1/2011 1:04:31 PM Found support near its 50 DMA line and now consolidating near its 52-week high. Based on weak technical action it was dropped from the Featured Stocks list on 7/02/08, and it has survived but failed to impress since
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DHX - NYSE - INTERNET - Content Dice Holdings Inc	$14.77	+1.71 13.09%	$14.79	$15.29	-3.40%	1,671,761 423.87%	394,400
Most Recent Note for DHX - 2/1/2011 1:11:13 PM Rallying from from a 5-week flat base above support at its 50 DMA line and hitting new 52-week and all-time highs today. Completed a Public Offering on 12/09/10, and no overhead supply is there to act as resistance. Annual earnings history (A criteria) included a downturn in FY '09, which is a fundamental flaw.
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EMN - NYSE - CHEMICALS - Chemicals - Major Diversified Eastman Chemical Co	$91.49	-1.37 -1.48%	$92.80	$94.42	-3.10%	1,956,201 222.02%	881,100
Most Recent Note for EMN - 2/1/2011 1:12:55 PM Enduring distributional pressure while perched near 52-week and multi-year highs today. Stubbornly held its ground since prior mid-day report noted - "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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ENTG - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Entegris Inc	$8.15	+0.50 6.47%	$8.23	$8.23	-1.03%	2,254,292 193.45%	1,165,300
Most Recent Note for ENTG - 2/1/2011 1:14:24 PM Gapped up today and hit a new 52-week high. It is clearing the high hit when last noted in the 1/14/11 mid-day report - "Recent quarters showed better sales and earnings increases versus losses 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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FN - NYSE - ELECTRONICS - Specialized Electronics Fabrinet	$25.98	+2.03 8.48%	$26.32	$26.32	-1.29%	157,907 144.47%	109,300
Most Recent Note for FN - 2/1/2011 1:24:19 PM Hit a new high today, and no overhead supply is there to act as resistance. It is up considerably from its 6/25/10 IPO at $10, and extended from any sound base. 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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GPOR - NASDAQ - ENERGY - Oil &; Gas Drilling &; Explorati Gulfport Energy Corp	$25.40	+1.46 6.10%	$25.42	$25.56	-0.63%	452,554 129.75%	348,800
Most Recent Note for GPOR - 2/1/2011 1:26:24 PM Hit another new 52-week high today with another considerable gain helping it break out from a sound base pattern above its 50 DMA line. The 1/31/11 mid-day report noted - "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. Since last noted in the 12/06/10 mid-day report it proposed another Secondary Offering on 12/14/10. It was dropped from the Featured Stocks list on 11/8/07, very soon after it had been featured in the October '07 CANSLIM.net News (read here). It completed a Public Offering on 5/14/10 and at least one other offering following the three offerings visible on the chart in the old report. As previously noted - "Cynical analysts might ask how many times this OK-based Oil/Gas firm might 'go to the well' for more investor money."
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JAZZ - NASDAQ - DRUGS - Biotechnology Jazz Pharmaceuticals Plc	$23.11	+0.75 3.35%	$23.38	$23.75	-2.69%	674,352 111.30%	605,900
Most Recent Note for JAZZ - 2/1/2011 1:28:42 PM Perched near its all-time high today. Holding its ground stubbornly since volume driven gains helped it rally from an advanced "3-weeks tight" type pattern. Prior mid-day reports noted - "It doesn't have any profitable years (A criteria) in its past, yet recent quarterly comparisons showed greatly improved sales revenues and earnings increases versus year ago losses. The Medical - Ethical Drugs firm went through a deep consolidation since last noted in the 3/19/10 mid-day report that it - 'Rose more than 20-fold from its low of $0.52 in April 2009.'"
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KLIC - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Kulicke & Soffa Ind Inc	$10.34	+0.59 6.05%	$10.58	$10.58	-2.27%	4,050,362 218.08%	1,857,300
Most Recent Note for KLIC - 2/1/2011 1:30:03 PM Gapped up today and hit a new 52 week high amid strong gains in the Semiconductor group. Prior mid-day reports noted - "Recent quarters showed much better sales and earnings results, but its erratic annual earnings (A criteria) history is below the investment system's guidelines."
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NANO - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Nanometrics Inc	$18.34	+1.22 7.13%	$18.49	$18.52	-0.97%	553,496 117.17%	472,400
Most Recent Note for NANO - 2/1/2011 1:33:42 PM Hit another new 52-week high today. The 1/26/11 mid-day report noted - "Held its ground following a considerable 1/14/11 gain with heavy volume. 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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NATI - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services National Instrument Corp	$44.89	+2.58 6.10%	$44.90	$45.18	-0.64%	361,878 163.60%	221,200
Most Recent Note for NATI - 2/1/2011 1:35:47 PM Hit another new high today after holding its ground 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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OIS - NYSE - ENERGY - Oil & Gas Equipment & Services Oil States International	$70.20	+2.44 3.60%	$70.20	$70.65	-0.64%	521,136 123.73%	421,200
Most Recent Note for OIS - 2/1/2011 1:40:34 PM Hit a new 52-week high today with a second consecutive gain backed by above average volume. Held its ground above support at its 50 DMA line when recently consolidating. Healthy action has continued since last noted in the 11/10/10 mid-day report - "Earnings and sales history below guidelines."
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PRGO - NYSE - DRUGS - Drug Related Products Perrigo Co Plc	$72.07	-0.65 -0.89%	$73.69	$74.46	-3.21%	1,099,731 157.04%	700,300
Most Recent Note for PRGO - 2/1/2011 1:48:45 PM Consolidating above prior resistance in the $68 area following its 1/20/11 "breakaway gap" into new high territory. It reported earnings +44% on +23% sales for the quarter ended Dec 31, 2010. Its Relative Strength line did not lead the way or provide confirmation, and its RS rank (now 79) is near the minimum guideline. Found support near its 200 DMA line since last noted on 11/09/10 when it was dropped from the Featured Stocks list - "Reported its smallest percentage earnings increase in 5 quarters, after +73%, +56%, +52%, +42%, in the Sept '09, Dec '09, Mar '10, and Jun '10 quarters respectively versus the year ago periods, its earnings were up just +23% for the latest quarter ended September 30, 2010."
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QSII - NASDAQ - COMPUTER SOFTWARE & SERVICES - Healthcare Information Service Quality Systems Inc	$80.10	+0.26 0.33%	$80.67	$80.67	-0.71%	200,932 125.90%	159,600
Most Recent Note for QSII - 2/1/2011 1:55:05 PM Hit a new high today with its 3rd consecutive volume-driven gain, extended from any sound base. This previously featured Computer Software - Medical firm's earnings and sales increases in the latest quarter ended Dec 31, 2010 satisfied the +25% guideline concerning the C criteria. Prior quarterly comparisons were sub-par, yet it maintained a steady and strong annual earnings history (A criteria).
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RKT - NYSE - CONSUMER NON-DURABLES - Paper & Paper Products Rock Tenn Co Cl A	$67.13	+0.38 0.57%	$67.84	$68.73	-2.33%	1,035,711 128.76%	804,400
Most Recent Note for RKT - 2/1/2011 1:55:50 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 last 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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SOHU - NASDAQ - INTERNET - Internet Information Providers Sohu.com Inc	$80.82	+3.24 4.18%	$81.38	$81.76	-1.15%	1,226,278 123.50%	992,900
Most Recent Note for SOHU - 2/1/2011 1:57:31 PM Posting its 7th consecutive gain following a choppy consolidation below its 50 DMA line, it touched a new 52-week high today. Prior mid-day reports noted - "Earnings history (C and A criteria) has been below guidelines of the fact-based investment system."
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ST - NYSE - ELECTRONICS - Semiconductor Equipment & Mate Sensata Technologies Hdg	$32.09	+0.58 1.82%	$32.25	$32.68	-1.82%	454,189 100.73%	450,900
Most Recent Note for ST - 2/1/2011 2:00:03 PM Hit a new high today and recently found support above its 50 DMA line. Healthy action has continued since its 11/12/10 Secondary Offering was completed. Prior mid-day reports noted - "It recently rose from a previously noted 6-month cup shaped base with no handle, leaving it unhindered by overhead supply. Prior mid-day reports noted - 'Strong quarterly earnings and sales increases satisfy the C criteria. Prior to its $18 IPO on 3/11/10 its showed operating losses (not a good A criteria).'"
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TGI - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services Triumph Group Inc	$93.70	-2.33 -2.43%	$95.59	$97.29	-3.69%	631,979 402.02%	157,200
Most Recent Note for TGI - 2/1/2011 2:02:20 PM Testing support at its 50 DMA line today following strong earnings news for the quarter ended December 31, 2010. While hovering near its 52-week high in a tight trading range, recent mid-day reports noted - "Earnings history is fundamentally below guidelines of the fact-based investment system."
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UFPT - NASDAQ - CONSUMER NON-DURABLES - Packaging & Containers U F P Tech Inc	$18.09	+0.93 5.42%	$18.34	$18.38	-1.58%	203,320 259.67%	78,300
Most Recent Note for UFPT - 2/1/2011 2:09:15 PM Gapped up today for another new 52-week high. Steadily rallied since 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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VRTU - NASDAQ - COMPUTER SOFTWARE & SERVICES - Information Technology Service Virtusa Corp	$17.22	+1.12 6.96%	$17.25	$17.72	-2.82%	133,846 133.58%	100,200
Most Recent Note for VRTU - 2/1/2011 2:10:46 PM Rallying up from support at its 50 DMA line. Prior mid-day reports noted - "Extended from a sound base, and its earnings history has been below the investment system's guidelines."
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WNR - NYSE - ENERGY - Oil & Gas Refining & Marketing Western Refining Inc	$13.11	+0.93 7.64%	$13.31	$13.31	-1.50%	3,590,800 179.16%	2,004,200
Most Recent Note for WNR - 2/1/2011 2:11:42 PM Gapped up and hit yet another new 52-week high today with a third consecutive volume-driven gain. Found support above its 50 DMA line again since noted in the 1/07/11 mid-day report - "Earnings history has been below the guidelines of the fact-based system."
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