Mid-Day Breakouts Report - Thursday, February 3rd, 2011

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MIDDAY BREAKOUTS REPORT - THURSDAY, FEBRUARY 3RD, 2011
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DOW 12031.45 -10.52 (-0.09%) | NASDAQ 2746 -3.56 (-0.13%) | S&P 500 1303.02 -1.01 (-0.08%)

Time of Screening : 2/3/2011 12:21:58 PM Report Released : 2/3/2011 1:54:47 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
CRUS - NASDAQ Cirrus Logic Inc	$23.46	+0.96 4.26%	$23.56	4,118,410 120.58% of 50 DAV 50 DAV is 3,415,600	$23.56 -0.42%	1/28/2011	$20.69	PP = $19.17 MB = $20.13
Most Recent Note - 2/3/2011 12:40:05 PM G - Getting extended from a sound base with a spurt of volume-driven gains. Disciplined investors do not chase extended stocks that are up more than +5% above a proper pivot point. >>> The latest Featured Stock Update with an annotated graph appeared on 1/28/2011. Click here.
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MWIV - NASDAQ M W I Veterinary Supply	$64.38	+1.73 2.76%	$66.41	64,557 113.86% of 50 DAV 50 DAV is 56,700	$67.13 -4.10%	11/4/2010	$61.79	PP = $59.60 MB = $62.58
Most Recent Note - 2/3/2011 1:23:55 PM G - It is churning above average volume after a gap up today. Reported earnings +38% on +55% sales revenues for the quarter ended December 31, 2010. Consolidating within close striking range of its all-time high and perched above support at its nearby 50 DMA line. Sales revenues acceleration (bigger percentage increases sequentially) is a very reassuring sign. See the latest FSU analysis for details and an annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 2/2/2011. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ARMH - NASDAQ - ELECTRONICS - Semiconductor - Specialized A R M Holdings Plc Ads	$28.44	-0.27 -0.94%	$29.19	$29.19	-2.57%	6,920,398 147.05%	4,706,100
Most Recent Note for ARMH - 2/3/2011 12:28:37 PM Perched at its 52-week high, extending its volume-driven rally this week after breaking out from a "cup-with-handle" type base earlier. 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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ARW - NYSE - WHOLESALE - Electronics Wholesale Arrow Electronics Inc	$41.32	+0.53 1.30%	$41.54	$41.54	-0.53%	983,720 122.98%	799,900
Most Recent Note for ARW - 2/3/2011 12:30:35 PM Up again today. The 2/02/11 mid-day report noted - "Hit a new 52-week high today, getting extended from its recent orderly base pattern. 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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BDC - NYSE - MANUFACTURING - Industrial Electrical Equipmen Belden Inc	$38.15	+0.31 0.82%	$39.73	$39.73	-3.98%	207,954 87.86%	236,700
Most Recent Note for BDC - 2/3/2011 12:34:43 PM Off earlier highs after touching another new high today following a considerable gap up gain, rallying above its 50 DMA line during its volume-driven 4 session winning streak. Noted in prior mid-day reports when consolidating following an earlier breakout from a 7-month cup shaped base - "Quarterly comparisons show improving sales revenues and earnings increases in recent periods but its annual earnings (A criteria) history has not been strong and steady."
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CBPO - NASDAQ - DRUGS - Biotechnology China Biologic Products	$18.05	+1.05 6.18%	$18.73	$18.73	-3.63%	98,447 95.86%	102,700
Most Recent Note for CBPO - 2/3/2011 12:38:56 PM Considerable gain today helped it hit a new high following an orderly base. Much as the case was when last noted in the mid-day report on 5/19/10, the China-based Medical - Biomed/Biotech firm has earned high ranks, but it sales and earnings increases have been erratic and below the fact-based investment system's guidelines.
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DTLK - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Datalink Corporation	$7.30	+0.21 2.96%	$7.45	$7.45	-2.01%	201,880 165.20%	122,200
Most Recent Note for DTLK - 2/3/2011 12:45:29 PM The 2/02/11 mid-day report noted - "Extended from any sound base following its 1/18/11 breakaway gap. Recent quarters showed 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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EW - NYSE - HEALTH SERVICES - Medical Appliances & Equipment Edwards Lifesciences Cp	$85.17	-1.15 -1.33%	$89.94	$89.94	-5.30%	934,190 115.75%	807,100
Most Recent Note for EW - 2/3/2011 12:49:25 PM Hit a new 52-week high today then reversed into the red following its latest quarterly earnings report showing better earnings growth. It recently inched to new highs after an orderly consolidation since noted on 12/20/10 - "The Medical - Products firm has a slow but steady annual earnings history. Quarterly sales revenues and earnings increases have been below guidelines. With respect to the N criteria, explosive sales revenues increases would be a true indication of great or growing demand for any company's products.'"
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FN - NYSE - ELECTRONICS - Specialized Electronics Fabrinet	$26.77	+0.48 1.81%	$27.24	$27.24	-1.74%	255,968 217.66%	117,600
Most Recent Note for FN - 2/3/2011 12:50:27 PM Touched yet another new high today. Prior mid-day report noted - "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	$25.77	+0.22 0.86%	$26.21	$26.21	-1.68%	483,780 130.33%	371,200
Most Recent Note for GPOR - 2/3/2011 1:02:23 PM Touched yet another new 52-week high today. A recent spurt of volume driven-gains helped it break out from a sound base pattern above its 50 DMA line. Prior 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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HAL - NYSE - ENERGY - Oil & Gas Equipment & Services Halliburton Company	$46.16	-0.45 -0.97%	$46.78	$46.90	-1.58%	10,327,057 80.36%	12,850,400
Most Recent Note for HAL - 2/3/2011 1:08:58 PM Hovering near its 52-week high after a spurt of gains on above average 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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KELYA - NASDAQ - DIVERSIFIED SERVICES - Staffing & Outsourcing Service Kelly Services Inc Cl A	$19.78	-0.23 -1.15%	$20.89	$20.89	-5.31%	135,819 79.19%	171,500
Most Recent Note for KELYA - 2/3/2011 1:14:08 PM Hovering near its 52-week high since topping its April 2010 high and the 12/06/10 mid-day report noted - "Recent quarters show sales and earnings improving versus year-ago losses, and the prior history is below the fact-based system's guidelines."
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LFUS - NASDAQ - MANUFACTURING - Industrial Electrical Equipmen Littelfuse Inc	$51.21	-0.26 -0.51%	$51.57	$53.79	-4.80%	96,154 85.17%	112,900
Most Recent Note for LFUS - 2/3/2011 1:16:20 PM Hovering near its 52-week and multi-year highs, consolidating above its 50 DMA line with very little overhead supply. Prior reports noted - "Earnings history has been erratic and below guidelines. Recent comparisons showed great sales revenues and earnings increases."
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MKSI - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate M K S Instruments Inc	$30.34	+0.64 2.15%	$31.22	$31.22	-2.82%	404,913 114.38%	354,000
Most Recent Note for MKSI - 2/3/2011 1:19:58 PM Today's 4th consecutive gain has it hitting new 52-week and multi-year highs. Found support above prior highs while consolidating, then went on steadily rallying since 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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MSG - NASDAQ - LEISURE - Sporting Activities Madison Square Garden Co	$25.63	+0.24 0.95%	$25.63	$26.07	-1.69%	814,751 343.20%	237,400
Most Recent Note for MSG - 2/3/2011 1:22:48 PM Rallying near its 52-week high today after recently finding support near its 50 DMA line. 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	$45.52	-0.08 -0.17%	$45.60	$46.96	-3.06%	207,877 87.31%	238,100
Most Recent Note for NATI - 2/3/2011 1:25:00 PM Holding its ground today after a second consecutive big volume-driven gain. Held 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. Prior mid-day reports 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."
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OPLK - NASDAQ - ELECTRONICS - Semiconductor - Integrated Cir Oplink Communications	$25.73	+0.72 2.87%	$25.87	$25.96	-0.89%	167,007 83.75%	199,400
Most Recent Note for OPLK - 2/3/2011 1:38:44 PM Rising since a breakaway gap on 1/28/11 following a choppy consolidation. It had been noted on 10/19/10 after it gapped down while enduring distributional pressure, completing a worrisome "island reversal" type pattern. 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. Noted in prior mid-day reports - "Sales revenues rose +9% and +20% in the Mar and Jun '10 quarters after a streak of negative comparisons, meanwhile it has produced earnings increases well above the +25% guideline in 4 consecutive quarterly comparisons, satisfying the C criteria. Annual earnings (A criteria) have not grown steadily, yet it has earned high ranks."
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PTEN - NASDAQ - ENERGY - Oil & Gas Drilling & Explorati Patterson-Uti Energy Inc	$23.87	-0.31 -1.29%	$24.57	$24.57	-2.85%	3,030,045 95.40%	3,176,200
Most Recent Note for PTEN - 2/3/2011 1:41:33 PM Hit new 52-week highs this week during its streak of 7 consecutive gains. 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. It survived but failed to impress since last noted on 2/15/06.
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QNST - NASDAQ - MEDIA - Advertising Agencies Quinstreet Inc	$22.92	-0.21 -0.89%	$23.99	$23.99	-4.46%	366,085 120.15%	304,700
Most Recent Note for QNST - 2/3/2011 1:43:47 PM Hovering in a tight trading range near its 52-week high. The 2/02/11 mid-day report noted - "Consolidating above support at its 50 DMA line and prior highs since it was last noted in the 1/13/11 mid-day report - "Earnings history is below guidelines."
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RDEN - NASDAQ - CONSUMER NON-DURABLES - Personal Products Elizabeth Arden Inc	$26.53	+1.53 6.12%	$27.80	$27.80	-4.57%	249,216 185.43%	134,400
Most Recent Note for RDEN - 2/3/2011 1:45:04 PM Hit another new 52-week high today, extending its streak of volume-driven gains. The 1/28/11 mid-day report noted - "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	$66.37	-1.02 -1.51%	$66.45	$68.73	-3.43%	2,948,915 340.92%	865,000
Most Recent Note for RKT - 2/3/2011 1:45:46 PM The 2/01/11 mid-day report noted - "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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SBH - NYSE - SPECIALTY RETAIL - Specialty Retail, Other Sally Beauty Holdings	$14.69	+2.06 16.31%	$14.96	$15.31	-4.05%	998,873 134.18%	744,400
Most Recent Note for SBH - 2/3/2011 1:48:42 PM Gapped up today and rallied above its 50 DMA line. Quarterly earnings growth has been strong but its sales revenues increases and annual earnings (A criteria) history in the past 3-5 years were note especially strong.
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UTEK - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Ultratech Inc	$24.61	+0.38 1.57%	$24.72	$24.88	-1.09%	210,034 107.99%	194,500
Most Recent Note for UTEK - 2/3/2011 1:53:22 PM Hovering near its 52-week high, holding its ground since previously noted considerable gains on heavy volume. Prior mid-day reports noted - "Recent quarters show sales and earnings improving but prior history is below the fact-based system's guidelines."
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WNR - NYSE - ENERGY - Oil & Gas Refining & Marketing Western Refining Inc	$13.98	+0.41 3.02%	$14.18	$14.35	-2.58%	2,276,466 107.07%	2,126,200
Most Recent Note for WNR - 2/3/2011 1:54:21 PM Hovering near its 52-week high today with a 5th consecutive volume-driven gain. Found support above its 50 DMA line and continued rallying 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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