Mid-Day Breakouts Report - Wednesday, February 9th, 2011

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, FEBRUARY 9TH, 2011
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DOW 12222.21 -10.94 (-0.09%) | NASDAQ 2792.73 -4.32 (-0.15%) | S&P 500 1321.13 -3.44 (-0.26%)

Time of Screening : 2/9/2011 12:02:51 PM Report Released : 2/9/2011 1:55:14 PM
Price is: Above 52W High and Less Than 52W High but within 7% 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
OPEN - NASDAQ Opentable Inc	$84.43	-0.85 -1.00%	$87.75	3,011,809 411.90% of 50 DAV 50 DAV is 731,200	$87.75 -3.78%	1/5/2011	$74.05	PP = $76.79 MB = $80.63
Most Recent Note - 2/9/2011 1:27:34 PM G - Churning heavy volume at an all-time high today, enduring distributional pressure while not making meaningful price progress above prior highs this week. Reported earnings +114% on +61% sales revenues for the quarter ended December 31, 2010 versus the year-ago period. Recent lows and its 50 DMA line define near-term chart support. >>> The latest Featured Stock Update with an annotated graph appeared on 1/5/2011. Click here.
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PCLN - NASDAQ Priceline.com Inc	$452.94	+10.19 2.30%	$459.10	836,044 89.48% of 50 DAV 50 DAV is 934,300	$459.05 -1.33%	1/3/2011	$399.55	PP = $428.20 MB = $449.61
Most Recent Note - 2/9/2011 1:32:18 PM G - Color code is changed to green after rising above its "max buy" level with today's gain on higher volume. Traded in a tight range near its 52-week high since its 1/05/11 technical breakout. >>> The latest Featured Stock Update with an annotated graph appeared on 1/2/2011. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AGU - NYSE - CHEMICALS - Agricultural Chemicals Agrium Inc	$96.96	+3.53 3.78%	$98.03	$98.03	-1.09%	3,313,327 162.66%	2,037,000
Most Recent Note for AGU - 2/9/2011 12:08:55 PM Gapped up today and hit a new 52-week high after reporting earnings +225% on +63% sales revenues for the quarter ended December 31, 2010 versus the year ago period. Found support above its 50 DMA line recently after slumping below prior resistance in the $89 area. Prior mid-day reports noted - "Recent quarters showed improving sales and earnings but its prior history is below guidelines of the fact-based investment system. Based on weak technical action it was dropped from the Featured Stocks list 7/25/08, and it subsequently dropped from $84.18 to $22.08 before rebounding."
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ASML - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate A S M L Holding N.V. NY	$43.29	-0.04 -0.09%	$43.44	$44.66	-3.07%	2,599,585 79.38%	3,274,900
Most Recent Note for ASML - 2/9/2011 12:10:20 PM Hovering near its 52-week high today with no overhead supply to act as resistance. The 2/01/11 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."
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ASYS - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Amtech Systems Inc	$28.06	-0.87 -3.01%	$30.80	$30.80	-8.90%	789,923 238.00%	331,900
Most Recent Note for ASYS - 2/9/2011 12:13:39 PM Reversed into the red after a gap up today for a new 52-week high following strong earnings news for the quarter ended December 31, 2010. Prior mid-day reports noted it when hitting new highs - "After a choppy consolidation during which it promptly repaired an 11/17/10 violation of its 50 DMA line. Recent quarters show sales and earnings improving, but prior comparisons were negative and its annual earnings (A criteria) history has been erratic and below guidelines."
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AVID - NASDAQ - CONSUMER DURABLES - Electronic Equipment Avid Technology Inc	$22.38	+0.43 1.96%	$22.70	$22.70	-1.41%	168,480 129.70%	129,900
Most Recent Note for AVID - 2/9/2011 12:16:20 PM Hit another new 52-week high today while extending its streak of consecutive gains with above average volume. The prior 2 mid-day reports noted - "Recent quarters showed better earnings increases versus losses 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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CWEI - NYSE - ENERGY - Independent Oil & Gas Clayton Williams Energy	$90.46	-0.18 -0.20%	$91.62	$92.13	-1.81%	40,687 84.76%	48,000
Most Recent Note for CWEI - 2/9/2011 12:19:37 PM Found support near its 50 DMA line while enduring distributional pressure, then rose to new highs last week with gains lacking great volume conviction. Last noted in the 1/04/11 mid-day report - "Steadily rallied since its October 2010 breakout. Earnings history has been below the fact-based system's guidelines."
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DAVE - NASDAQ - LEISURE - Restaurants Famous Dave's Of America	$11.03	+0.00 0.00%	$11.03	$11.44	-3.58%	39,287 147.70%	26,600
Most Recent Note for DAVE - 2/9/2011 12:23:57 PM Perched near its 52-week high today. Recently rebound above its 50 DMA line while consolidating since last noted in the 12/30/10 mid-day report near a 52-week high, and also noted in earlier reports - "Sales and earning history are below the investment system's guidelines."
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DKS - NYSE - SPECIALTY RETAIL - Sporting Goods Stores Dicks Sporting Goods Inc	$37.55	-0.67 -1.75%	$37.80	$38.92	-3.52%	1,028,635 97.08%	1,059,600
Most Recent Note for DKS - 2/9/2011 12:29:05 PM Consolidating above its 50 DMA line following a small gap down today, enduring mild distributional pressure after reaching new highs with gains lacking volume conviction in the past week. The $38 area has been a resistance level since it was noted after rallying above its 2007 all-time high ($36.77) in prior mid-day reports - "It has earned high ranks, but its annual earnings (A criteria) history has been below guidelines and not been especially strong, while its sales revenues increases have been in the +9% range in recent quarterly comparisons."
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EMC - NYSE - COMPUTER HARDWARE - Data Storage Devices E M C Corp	$26.58	+0.42 1.61%	$26.76	$26.76	-0.67%	17,519,585 88.09%	19,887,400
Most Recent Note for EMC - 2/9/2011 12:36:00 PM Hit a new 52-week high today with an 8th consecutive gain, very extended from any sound base pattern. Sales revenues and earnings increases reported in the Sep and Dec '10 mid-day quarters showed a decelerating growth rate. It slumped below its 200 DMA line and then rebounded and rallied impressively since last noted in the 8/06/10 mid-day report - "Its annual earnings (A criteria) history and quarterly earnings and sales revenues increases have been below the fact-based investment system guidelines, yet improved in the latest quarter. Large supply of 2.055 billion shares outstanding makes this goliath Computer - Data Storage firm an unlikely sprinter."
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GENT - NASDAQ - DRUGS - Drug Manufacturers - Other Gentium Spa Ads	$9.95	+0.24 2.43%	$10.50	$10.50	-5.28%	62,944 139.57%	45,100
Most Recent Note for GENT - 2/9/2011 12:37:44 PM Gapped up and hit a new 52-week high today with a 7th consecutive small gain. Held its ground stubbornly after it gapped up on 1/11/11 when the mid-day report noted it - "Breaking out from a cup-with-handle type pattern. Recent quarterly comparisons show sales and earnings improving after a long history of losses. Low priced stocks are discouraged under the investment system guidelines."
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GHDX - NASDAQ - HEALTH SERVICES - Medical Laboratories & Researc Genomic Health Inc	$22.11	-1.22 -5.21%	$22.39	$23.72	-6.81%	261,553 183.93%	142,200
Most Recent Note for GHDX - 2/9/2011 12:40:21 PM Gapped down today from near its 52-week high, testing support at its 50 DMA line. Earnings increases have been strong in the latest quarterly comparisons versus year-ago losses, but its history of losses is below the guidelines of the fact-based investment system.
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IDCC - NASDAQ - TELECOMMUNICATIONS - Wireless Communications Interdigital Inc	$56.61	+1.79 3.27%	$56.87	$56.87	-0.46%	849,198 86.38%	983,100
Most Recent Note for IDCC - 2/9/2011 12:46:24 PM Up for a 4th consecutive session and another new 52-week high today, extended from any sound base. Held its ground stubbornly and steadily rose since long ago noted (and repeated) in prior mid-day reports - "Finally topping its 2006 high. Reported +14%* earnings on +22% sales revenues for the quarter ended September 30, 2010. Annual earnings (A criteria) history has not been strong and steady."*
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ILMN - NASDAQ - DRUGS - Biotechnology Illumina Inc	$68.74	-1.51 -2.15%	$69.49	$72.23	-4.83%	1,388,533 118.01%	1,176,600
Most Recent Note for ILMN - 2/9/2011 12:52:22 PM Gapped down today, churning heavy volume and pulling back from its 52-week high toward its 50 DMA line after reporting earnings +38% on +45% sales revenues for the quarter ended December 31, 2010 versus the year-ago period. It gave disappointing guidance when last noted in the 1/12/11 mid-day report, yet it steadily climbed. Prior mid-day reports noted - "Up and down annual earnings history (A criteria) remains a concern. No overhead supply remains to hinder its progress. Sales revenues and earnings growth slumped below guidelines after it was dropped from the Featured Stocks list on 6/17/09. It had just been featured in the May 2009 issue of CANSLIM.net News (read here)."
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IT - NYSE - DIVERSIFIED SERVICES - Business/Management Services Gartner Inc	$36.50	-1.49 -3.92%	$38.00	$38.85	-6.05%	227,437 84.20%	270,100
Most Recent Note for IT - 2/9/2011 12:58:05 PM Erasing most of the prior session's gain, enduring distributional pressure today. It had gapped up for new 52-week and all-time highs, yet in the 2/08/11 and prior mid-day reports it was repeatedly noted - "It steadily rallied and stayed well above its 50 DMA line during its ascent since last noted in the 9/30/10 mid-day report -'Consolidating above prior highs in the $26 area that now define a support level. It technically broke out on 8/10/10 with a considerable gain on 4 times average volume for a new 52-week high and new multi-year high. Recent quarterly comparisons show improving sales revenues and earnings after a streak of negative comparisons and a downward turn in its FY '09 earnings. Its has rebounded impressively, but its fundamentals are below the fact-based system's guidelines. Results deteriorated badly as it slumped after it was dropped from the Featured Stocks list on 10/02/08.'"
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JDSU - NASDAQ - ELECTRONICS - Diversified Electronics J D S Uniphase Corp	$24.55	+1.71 7.47%	$24.70	$24.70	-0.62%	14,295,541 255.50%	5,595,100
Most Recent Note for JDSU - 2/9/2011 1:02:16 PM Gapped up again today for another new 52-week high. Stubbornly held its ground following the previously noted considerable gap up gain on 2/04/11 in reaction to strong earnings news for the quarter ended December 31, 2010 versus the year-ago period. Noted in prior mid-day reports - "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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LYB - NYSE - CHEMICALS - Specialty Chemicals Lyondellbasell Ind A Nv	$35.47	-0.01 -0.03%	$35.80	$37.44	-5.26%	3,318,587 81.14%	4,090,100
Most Recent Note for LYB - 2/9/2011 1:06:16 PM Perched above its 50 DMA line and near its 52-week high, consolidating since reaching new highs after last noted in the 12/02/10 mid-day report at a 52-week high -"After steadily rising in recent months. The Netherlands-based Chemicals firm's earnings history is below guidelines of the fact-based investment system."
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MERC - NASDAQ - MANUFACTURING - Paper & Packaging Mercer International Inc	$10.26	+0.65 6.76%	$10.42	$10.42	-1.54%	575,333 161.52%	356,200
Most Recent Note for MERC - 2/9/2011 1:09:15 PM Gapped up again and hit another new 52-week high today. It had gapped up when last noted in the 2/07/11 and in earlier mid-day reports - "Recent quarterly comparisons showed improved sales and earnings but its erratic earnings history falls below the investment system guidelines. This low-priced stock technically broke out on 11/02/10 with a gap up gain on heavy volume. It is perched near its 52-week high today. As previously noted, low-priced stocks are riskier candidates which are discouraged from being considered buy candidates the investment system guidelines."
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NDAQ - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Nasdaq Omx Group Inc	$27.32	+1.48 5.73%	$27.48	$27.50	-0.65%	9,778,016 429.65%	2,275,800
Most Recent Note for NDAQ - 2/9/2011 1:24:34 PM Hit a new 52-week high today. Based on weak technical action it was dropped from the Featured Stocks list on 1/16/08. It completed a Secondary Offering during the week ended 11/09/07 and survived but failed to impress since. Last shown in the Featured Stock Update section of the 10/26/07 After Market Update with detailed analysis and an annotated graph (read here).
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OPLK - NASDAQ - ELECTRONICS - Semiconductor - Integrated Cir Oplink Communications	$26.71	+0.58 2.22%	$26.94	$28.00	-4.61%	199,558 86.43%	230,900
Most Recent Note for OPLK - 2/9/2011 1:29:28 PM Holding its ground since noted in the 2/04/11 mid-day report after a gap up - "Still rising since a breakaway gap on 1/28/11 following a choppy consolidation. 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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PLAB - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Photronics Inc	$7.76	+1.04 15.40%	$7.99	$7.99	-2.94%	1,952,063 346.11%	564,000
Most Recent Note for PLAB - 2/9/2011 1:34:54 PM Considerable breakaway gap up today for a new 52-week high following upbeat guidance. It found support above its 200 DMA line during a deep consolidation since the 12/07/10 mid-day report noted - "Recent quarters showed improving sales and earnings, but its earnings history is below guidelines after losses in FY '08 and '09 (bad A criteria)."
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RIO - NYSE - METALS & MINING - Steel & Iron Rio Tinto Plc Adr	$75.47	-1.16 -1.51%	$76.55	$76.67	-1.57%	2,593,981 110.06%	2,356,900
Most Recent Note for RIO - 2/9/2011 1:37:01 PM Hovering near its 52-week high today following volume-driven gains after recently finding support near its 50 DMA line. Prior mid-day report noted - "Recent quarters showed improving sales revenues and earnings after a bad streak of negative quarterly comparisons versus the year ago period. Since it was noted on 4/22/08 a downturn in its FY '09 earnings has marred its previously good annual earnings (A criteria) history."
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SBGI - NASDAQ - MEDIA - Broadcasting - TV Sinclair Broadcast Group	$11.19	+1.24 12.46%	$11.32	$11.32	-1.15%	858,868 251.57%	341,400
Most Recent Note for SBGI - 2/9/2011 1:39:17 PM Steadily rising since a 1/26/11 technical breakout and additional volume-driven gains. Hitting yet another new 52-week high with today's 3rd consecutive gain on heavy above average volume. Prior mid-day reports noted - "Its earnings and sales history are below guidelines."
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SNCR - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Synchronoss Technologies	$34.98	-0.04 -0.11%	$35.14	$35.43	-1.27%	250,801 81.83%	306,500
Most Recent Note for SNCR - 2/9/2011 1:40:19 PM The 2/08/11 mid-day report noted - "Gapped up for a considerable gain and new 52-week high today after again finding support at its 50 DMA line since last noted in the 1/07/11 mid-day report. Healthy action has continued since a noted "breakaway gap" earlier and the Public Offering completed on 11/17/10. Earnings history is below guidelines of the fact-based system, marred by a downturn in FY '08, and it reported only +5% earnings on +38% sales rec venues for the quarter ended December 31, 2010 versus the year-ago period."
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SSYS - NASDAQ - COMPUTER HARDWARE - Computer Peripherals Stratasys Ltd	$40.20	+4.10 11.36%	$41.08	$41.08	-2.14%	227,737 193.16%	117,900
Most Recent Note for SSYS - 2/9/2011 1:44:29 PM Considerable gain today with heavy volume is technically another "breakaway gap" following it latest earnings reported +50% on +29% sales revenues for the quarter ended December 31, 2010. It is much like when last noted in the 10/26/10 mid-day report as it gapped up following a report of earnings +78% on +24% sales for the quarter ended September 30, 2010 versus the prior year. Previously noted - "A downward turn in its FY '09 earnings is an obvious flaw with respect to the investment system's A criteria today. It is an interesting turn around story with a small supply of only 20.6 million shares (S criteria) outstanding. Longtime members may recall that SSYS was long ago (2003) featured in our monthly newsletter and special reports."
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TTWO - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software Take-Two Interactv Sftwr	$14.98	+0.44 3.03%	$15.50	$15.50	-3.35%	3,910,587 219.61%	1,780,700
Most Recent Note for TTWO - 2/9/2011 1:50:03 PM Gapped up and hit a new 52-week high today, adding to a recent spurt of volume-driven gains. Found support at its 50 DMA line since last noted in the 12/16/10 mid-day report - "Recent quarters show sales and earnings improving but prior history has been erratic and below the fact-based system's guidelines."
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WNR - NYSE - ENERGY - Oil & Gas Refining & Marketing Western Refining Inc	$15.02	-0.95 -5.95%	$16.00	$16.00	-6.13%	3,064,784 125.22%	2,447,600
Most Recent Note for WNR - 2/9/2011 1:51:23 PM Pulling back from its 52-week high today after 8 consecutive volume-driven gains. 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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XEC - NYSE - ENERGY - Independent Oil & Gas Cimarex Energy Co	$106.09	+0.26 0.24%	$107.27	$107.27	-1.10%	551,471 77.74%	709,400
Most Recent Note for XEC - 2/9/2011 1:53:33 PM Touched new 52-week and all-time highs today. The 1/20/11 mid-day report noted - "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. Reported earnings +134% on +52% sales revenues for the quarter ended September 30, 2010 versus the year ago period."
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