Mid-Day Breakouts Report - Friday, February 11th, 2011

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MIDDAY BREAKOUTS REPORT - FRIDAY, FEBRUARY 11TH, 2011
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DOW 12259.34 30.05 (0.25%) | NASDAQ 2806.01 15.56 (0.56%) | S&P 500 1326.73 4.86 (0.37%)

Time of Screening : 2/11/2011 12:09:10 PM Report Released : 2/11/2011 2:07:37 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
CMG - NYSE Chipotle Mexican Grill	$271.15	+14.52 5.66%	$274.67	5,414,324 557.95% of 50 DAV 50 DAV is 970,400	$274.67 -1.28%	2/11/2011	$271.15	PP = $262.87 MB = $276.01
Most Recent Note - 2/11/2011 12:40:37 PM Y - Hit a new 52-week high today with a considerable gain backed by heavy volume after reporting earnings +48% on +25% sales revenues for the quarter ended December 31, 2010 versus the year ago period. Its rebound above its 50 DMA line last helped its outlook improve and it has rallied "straight up from the bottom" of an 11-week cup shaped base without a handle. Based on its technical strength it is returned to the Featured Stocks list today with a new pivot point cited based on its 11/30/10 high plus ten cents. >>> The latest Featured Stock Update with an annotated graph appeared on 12/17/2010. Click here.
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OPEN - NASDAQ Opentable Inc	$94.94	+3.26 3.56%	$95.08	1,583,204 209.25% of 50 DAV 50 DAV is 756,600	$95.44 -0.52%	1/5/2011	$74.05	PP = $76.79 MB = $80.63
Most Recent Note - 2/11/2011 1:18:45 PM G - Rallying on heavy volume today for a 7th consecutive gain and another new all-time high, extended from a sound base pattern. Reported earnings +114% on +61% sales revenues for the quarter ended December 31, 2010 versus the year-ago period. Its 50 DMA line defines near-term chart support. >>> The latest Featured Stock Update with an annotated graph appeared on 1/5/2011. Click here.
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RAX - NYSE Rackspace Hosting Inc	$39.96	+2.94 7.94%	$40.62	3,379,405 193.92% of 50 DAV 50 DAV is 1,742,700	$40.62 -1.62%	1/10/2011	$22.84	PP = $32.76 MB = $34.40
Most Recent Note - 2/11/2011 1:21:33 PM G - Gapped up today for a considerable gain on heavy volume after reporting earnings +29% on +27% sales revenues for the quarter ended December 31, 2010 versus the year ago period. It is extended from any sound base. Recent highs near $35 define support to watch above its 50 DMA line. See the latest FSU analysis for details and a new annotated weekly graph. >>> The latest Featured Stock Update with an annotated graph appeared on 2/9/2011. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AMOT - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Allied Motion Tech	$8.60	+0.08 0.94%	$8.73	$8.80	-2.27%	22,563 80.01%	28,200
Most Recent Note for AMOT - 2/11/2011 12:12:09 PM Holding its ground since last noted in the 2/02/11 mid-day report - "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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BWA - NYSE - AUTOMOTIVE - Auto Parts Borg Warner Inc	$76.53	+2.76 3.74%	$76.74	$76.74	-0.27%	2,036,644 118.29%	1,721,700
Most Recent Note for BWA - 2/11/2011 12:17:04 PM Rallying to a new all-time high today with a 6th consecutive gain following a consolidation below its 50 DMA line. Noted in prior mid-day reports- "After steadily climbing following its late-July technical breakout. Leadership (L criteria) in the Auto/Truck -Original Equipment group has been a factor in the latest rally. Its annual earnings (A criteria) history has poor, while recent quarterly comparisons showed sales revenues and earnings improving following a terrible nosedive. "
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CVLT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Commvault Systems Inc	$37.46	+1.43 3.97%	$37.46	$38.05	-1.55%	422,854 97.10%	435,500
Most Recent Note for CVLT - 2/11/2011 12:48:35 PM Volume driven gain today and its recent spurt of gains helped it rally from a recent base to new all-time highs. Based on poor technical action it was dropped from the Featured Stocks list on 7/13/10. It has rebounded impressively since, yet its fundamental characteristics today are not a match for the fact-based system at all. Disciplined investors avoid the temptation to get in "early" and may review earlier notes and observe that CVLT did not trigger a technical buy signal after it had been featured in the 7/06/10 mid-day report.
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ENS - NYSE - MANUFACTURING - Industrial Electrical Equipmen Enersys	$37.51	+1.31 3.62%	$37.51	$38.21	-1.83%	265,718 101.57%	261,600
Most Recent Note for ENS - 2/11/2011 12:51:35 PM Up today after a gap up for a new 52-week high on the prior session, breaking away from an orderly consolidation after reporting earnings +61% on +21% sales revenues for the quarter ended December 31, 2010 versus the year ago period. Found support near its 50 DMA line since noted in the 11/23/10 mid-day report - "Holding its ground following a considerable gain on 11/10/10 which capped a streak of 5 consecutive gains backed by above average volume. Based on weak action it was dropped from the Featured Stocks list on 8/07/08. Recent quarterly comparisons show improving sales and earnings after negative comparisons and a downward turn in its FY '10 earnings (A criteria)."
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FN - NYSE - ELECTRONICS - Specialized Electronics Fabrinet	$28.58	+0.75 2.69%	$28.60	$29.00	-1.45%	125,448 89.35%	140,400
Most Recent Note for FN - 2/11/2011 12:52:38 PM Holding its ground after recent gains with heavy volume for new highs. 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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IPGP - NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits I P G Photonics Corp	$45.72	-1.90 -3.99%	$47.60	$47.75	-4.25%	429,435 216.67%	198,200
Most Recent Note for IPGP - 2/11/2011 12:58:24 PM Holding its ground following a considerable breakaway gap for a new all-time high on the prior session. Noted in recent mid-day reports - "Volume-driven gains this week helped it rally up from its 50 DMA line to new 52-week highs. The 11/1/10 mid-day report noted - 'Sales and earnings showed great improvement in the Jun and Sept quarters, however its prior history has been erratic and below guidelines of the fact-based system.'"
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JDSU - NASDAQ - ELECTRONICS - Diversified Electronics J D S Uniphase Corp	$27.23	+1.98 7.84%	$27.48	$27.48	-0.91%	18,266,222 315.14%	5,796,300
Most Recent Note for JDSU - 2/11/2011 1:01:13 PM Powering to a new 52-week high with a 4th consecutive volume-driven gain today. 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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JNPR - NYSE - COMPUTER HARDWARE - Networking & Communication Dev Juniper Networks Inc	$43.36	-0.04 -0.09%	$43.49	$43.67	-0.71%	4,618,697 87.26%	5,292,800
Most Recent Note for JNPR - 2/11/2011 1:04:04 PM Touched another new 52-week high today, and after 8 consecutive gains it is extended from any sound base. Prior mid-day reports noted - "The 4 latest quarters showed great earnings increases (satisfying the C criteria) and sales revenues growing after a streak of negative comparisons. Its large supply of 523 Million shares (S criteria) outstanding makes it an unlikely sprinter, and its downturn in FY '09 earnings is a flaw in the A criteria."
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KRO - NYSE - CHEMICALS - Specialty Chemicals Kronos Worldwide Inc	$51.41	+1.89 3.82%	$52.69	$52.69	-2.43%	168,608 146.36%	115,200
Most Recent Note for KRO - 2/11/2011 1:05:33 PM Gapped up and hit a new 52-week high today, adding to its recent spurt of volume-driven gains. When recently inching out of an orderly base pattern, prior mid-day reports noted - "Earnings history has been erratic and below guidelines. Found support at its 50 DMA line after it proposed a Public Offering on 10/18/10, and subsequently rallied to new highs."
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MERC - NASDAQ - MANUFACTURING - Paper & Packaging Mercer International Inc	$11.01	+0.20 1.85%	$11.50	$11.50	-4.26%	473,854 129.01%	367,300
Most Recent Note for MERC - 2/11/2011 1:11:26 PM Up again with above average volume for yet another new 52-week high today. After gapping up on 2/10/11 the mid-day report noted - "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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MTD - NYSE - ELECTRONICS - Scientific & Technical Instrum Mettler Toledo Intl Inc	$166.21	+6.86 4.30%	$167.20	$167.20	-0.59%	245,650 200.04%	122,800
Most Recent Note for MTD - 2/11/2011 1:15:21 PM Gapped up and hit a new all-time high today with above average volume behind its gain. Technically, it broke out from an orderly flat base with a gain backed by above average volume on 2/08/11 since last noted in the 1/19/11 mid-day report - "Sales revenues and earnings history has not been strong and steady enough to solidly satisfy fundamental guidelines."
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NVO - NYSE - DRUGS - Drug Manufacturers - Other Novo Nordisk A/S Adr	$118.82	+1.34 1.14%	$119.00	$119.00	-0.16%	362,499 156.65%	231,400
Most Recent Note for NVO - 2/11/2011 1:16:30 PM After consolidating above its 50 DMA line, a 6th consecutive volume-driven gain today has it inching to another new all-time high. Reported earnings +63% on +15% sales revenues for the quarter ended December 31, 2010, yet the 2/02/11 mid-day report and earlier reports noted - "It has earned high ranks after demonstrating strong steady annual earnings (A criteria) growth. Quarterly comparisons show sales and earnings increases mostly below guidelines of the fact-based investment system. Headlines were swirling in late-October over FDA approval of certain drugs while this Denmark-based Medical - Ethical Drug firm endured 2 big gaps down followed by a big gap up, with the rebound action indicative of prompt institutional support near its prior chart highs and 50 DMA line."
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PLAB - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Photronics Inc	$8.42	+0.12 1.45%	$8.47	$8.47	-0.59%	456,749 80.01%	570,900
Most Recent Note for PLAB - 2/11/2011 1:20:20 PM Continuing to rally following a considerable "breakaway gap" noted on 2/09/11 as it hit 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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ROC - NYSE - CHEMICALS - Specialty Chemicals Rockwood Holdings Inc	$44.79	+1.57 3.63%	$44.82	$44.84	-0.11%	570,562 76.85%	742,400
Most Recent Note for ROC - 2/11/2011 1:24:52 PM Hit yet another a new 52-week high today with a second consecutive considerable volume-driven gain. No overhead supply remains to act as resistance. The 2/10/11 mid-day report noted - "Found support near its 50 DMA line since the 12/21/10 mid-day report appearance and the completion of a Public Offering. Building an orderly base. Recent quarters show sales and earnings improving, but prior history is below the fact-based system's guidelines, as its up and down annual earnings history (A criteria) is a fundamental concern."
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SBGI - NASDAQ - MEDIA - Broadcasting - TV Sinclair Broadcast Group	$12.22	+0.44 3.74%	$12.46	$12.46	-1.93%	601,274 167.58%	358,800
Most Recent Note for SBGI - 2/11/2011 1:25:38 PM Hit yet another new high 52-week high today with a 5th consecutive volume-driven gain. Steadily rising since a 1/26/11 technical breakout. Prior mid-day reports noted - "Its earnings and sales history are below guidelines."
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SFLY - NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other Shutterfly Inc	$45.18	+0.68 1.53%	$45.22	$45.50	-0.70%	254,136 79.84%	318,300
Most Recent Note for SFLY - 2/11/2011 1:28:18 PM Up today for another new 52-week and new all-time high. Following a 2/03/11 breakaway gap the 2/04/11 mid-day report noted - "Sales revenues and earnings history are below the investment system guidelines."
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SIMO - NASDAQ - ELECTRONICS - Semiconductor - Specialized Silicon Motion Tech Ads	$8.23	+0.31 3.94%	$8.25	$8.28	-0.58%	421,470 129.84%	324,600
Most Recent Note for SIMO - 2/11/2011 1:29:26 PM Hit another new 52-week high today. The 2/10/11 mid-day report noted - "Held its ground following a considerable gap up gain on 2/01/11 after an analyst upgrade. 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 dropped from the Featured Stocks list on 7/26/07."
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SSYS - NASDAQ - COMPUTER HARDWARE - Computer Peripherals Stratasys Ltd	$43.24	+0.43 1.00%	$43.96	$43.96	-1.64%	175,081 146.27%	119,700
Most Recent Note for SSYS - 2/11/2011 1:34:15 PM Continuing higher today, making its 3rd consecutive mid-day report appearance. A considerable gain on 2/09/11 with heavy volume was noted as technically another "breakaway gap" following it latest earnings reported +50% on +29% sales revenues for the quarter ended December 31, 2010. Previously noted in the 10/26/10 mid-day report (and noted earlier) as it gapped up following a report of earnings +78% on +24% sales for the quarter ended September 30, 2010 versus the prior year - "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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TTMI - NASDAQ - ELECTRONICS - Printed Circuit Boards T T M Technologies Inc	$18.49	+0.36 1.99%	$18.50	$18.69	-1.07%	937,796 133.82%	700,800
Most Recent Note for TTMI - 2/11/2011 1:37:19 PM Touched a new 52-week high today with another volume-driven gain adding to its recent spurt of gains on above average volume. It found support during a consolidation above prior highs and its 50 DMA line since last noted in the 1/18/11 mid-day report - "Considerable gap up gain today for a new 52-week high and multi-year high. 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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UCTT - NASDAQ - ELECTRONICS - Semiconductor - Specialized Ultra Clean Holdings Inc	$13.00	+0.14 1.09%	$13.10	$13.62	-4.55%	185,050 81.13%	228,100
Most Recent Note for UCTT - 2/11/2011 1:38:47 PM Hovering near its 52-week high, holding its ground above prior highs since last noted in the 2/07/11 mid-day report after a streak of recent gains - "Recent quarters showed better sales and earnings increases versus losses the year earlier. Annual earnings (A criteria) growth have not been strong and steady. Last noted on 5/01/07 as this stock was removed from the CANSLIM.net Featured Stocks list."
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UFPT - NASDAQ - CONSUMER NON-DURABLES - Packaging & Containers U F P Tech Inc	$20.35	+0.76 3.88%	$20.35	$20.58	-1.12%	159,595 145.62%	109,600
Most Recent Note for UFPT - 2/11/2011 1:48:19 PM Recent mid-day reports noted that its outlook has improved since it was dropped from the Featured Stocks list on 11/08/10, but it is very extended from any sound base after rallying unhindered by overhead supply. UFPT hit a new 52-week high today while on course to an 11th consecutive weekly gain. Disciplined investors may watch for a pullback to its 10-week moving average or other secondary buy points and monitor it carefully while awaiting its results for the quarter ended December 31, 2010. It was noted in prior mid-day reports after rising from a 12-week cup shaped base without a handle.
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VLO - NYSE - ENERGY - Oil & Gas Refining & Marketing Valero Energy Corp	$28.13	+0.05 0.18%	$28.48	$28.48	-1.23%	7,986,881 91.46%	8,732,900
Most Recent Note for VLO - 2/11/2011 1:50:20 PM Touched another new 52-week high today. It is extended from any sound base pattern, and prior mid-day reports noted - "Recent quarters showed better sales and earnings increases versus year ago losses, and its 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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WYNN - NASDAQ - LEISURE - Gaming Activities Wynn Resorts Ltd	$126.90	+6.75 5.62%	$127.30	$127.95	-0.82%	3,232,398 146.53%	2,206,000
Most Recent Note for WYNN - 2/11/2011 2:07:05 PM Hit a new 52-week high today with a solid gain on above average volume, rising above stubborn resistance in the $121.00 area and rallying above the August 2008 high near $124. The drastic downturn in FY '09 earnings remains a flaw with respect to the A criteria of the fact-based investment system. It recently reported much greater sales revenues and earnings for the quarter ended December 31, 2010 versus the year-ago period (Correction Notice: Note included in the 2/08/11 mid-day report incorrectly cited September numbers as December). Today WYNN is clearly breaking out following an orderly consolidation in a tight trading range. Noted in prior mid-day reports - "Its latest quarterly comparisons showed improving sales and earnings but its prior earnings history is below guidelines of the fact-based investment system. Based on weak technical action it was dropped from the Featured Stocks list 11/8/07 and subsequently fell from $136 to as low as $14.50 in March '09 before rebounding. Traded up +43% after it was featured in the 8/26/07 Special Report titled 'Stocks That Should Now Be On Your Watch List' with annotated graphs and commentary including our detailed CANSLIM.net Profile, What To Look For And What To Look Out For, and Technical Analysis summaries (read here)."
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