Mid-Day Breakouts Report - Friday, February 18th, 2011

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MIDDAY BREAKOUTS REPORT - FRIDAY, FEBRUARY 18TH, 2011
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DOW 12391.25 73.11 (0.59%) | NASDAQ 2833.95 2.37 (0.08%) | S&P 500 1343.01 2.58 (0.19%)

Time of Screening : 2/18/2011 11:35:56 AM Report Released : 2/18/2011 2:42:49 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
GSIT - NASDAQ G S I Technology Inc	$10.08	+0.68 7.23%	$10.20	728,172 324.06% of 50 DAV 50 DAV is 224,700	$10.20 -1.18%	2/18/2011	$10.08	PP = $10.25 MB = $10.76
Most Recent Note - 2/18/2011 1:05:52 PM Y - Touched a new 52-week high today with above average volume behind its gain after an orderly flat base near minimum length. Reported earnings +186% on +51% sales revenues for the quarter ended December 31, 2010 versus the year ago period. Volume and volatility often increase near earnings news. Color code is changed to yellow with a pivot point cited based on its 1/18/11 high plus 10 cents. A convincing volume-driven close above its pivot point may trigger a technical buy signal. Prior mid-day reports noted - "Leadership (L criteria) in the Semiconductor group is also reassuring. Caution is called for, as the investment system guidelines discourage buying low-priced stocks." 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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HMSY - NASDAQ H M S Holdings Corp	$73.48	+1.52 2.11%	$74.28	110,762 75.81% of 50 DAV 50 DAV is 146,100	$74.28 -1.08%	11/19/2010	$61.89	PP = $63.01 MB = $66.16
Most Recent Note - 2/18/2011 1:06:56 PM G - Prior highs near $67 define initial support to watch on pullbacks. Hit yet another new 52-week high today with its 14th consecutive gain with ever-increasing volume since it found support at its 50 DMA line. It quietly rose from an orderly base-on-base type pattern. Relative Strength rank (now 76) was noted as a concern and has only gradually improved. >>> The latest Featured Stock Update with an annotated graph appeared on 2/16/2011. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AAPL - NASDAQ - COMPUTER HARDWARE - Personal Computers Apple Inc	$354.89	-3.41 -0.95%	$359.50	$364.90	-2.74%	12,735,934 84.01%	15,160,600
Most Recent Note for AAPL - 2/18/2011 12:15:32 PM With the second largest market cap of all publicly traded firms, AAPL does not fit the mold of a small growth firm unknown by the institutional crowd. It has a stellar earnings track record that solidly satisfies the C and A criteria. Technically, it is not near a sound base, and in recent weeks it has been wedging higher while shrugging off distributional pressure and staying well above support at its 50 DMA line. After its last appearance on 8/09/10 in the Featured Stock Update section (with detailed notes and an annotated graph) it was noted in 11 mid-day reports through 1020/10 as it rallied, and it was also noted a handful of times this year in mid-day reports. The Company Profile page includes "View All Notes" and "Featured Articles and Graphs" links which now make it easier than ever to review previous analysis.
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AAWW - NASDAQ - TRANSPORTATION - Air Services, Other Atlas Air Worldwide Hldg	$72.49	+1.42 2.00%	$73.00	$73.00	-0.70%	274,138 93.95%	291,800
Most Recent Note for AAWW - 2/18/2011 12:18:32 PM Hitting new 52-week highs each day this week with consecutive volume-driven gains. The 2/16/11 mid-day report noted - "It reported earnings +14%* on +12% sales revenues for the quarter ended December 31, 2010 versus the year ago period. "*
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ALU - NYSE - TELECOMMUNICATIONS - Wireless Equipment Alcatel-Lucent Ads	$5.01	+0.00 0.00%	$5.09	$5.14	-2.53%	30,130,104 138.75%	21,715,400
Most Recent Note for ALU - 2/18/2011 12:22:53 PM Perched at its 52-week high today. It steadily climbed since its 2/10/11 breakaway gap, and prior mid-day reports noted - "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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AMOT - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Allied Motion Tech	$8.92	+0.23 2.65%	$9.00	$9.00	-0.89%	54,232 172.71%	31,400
Most Recent Note for AMOT - 2/18/2011 12:25:57 PM Hitting a new high with its gain today after holding its ground in a tight range for a few weeks. Noted in prior 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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ARUN - NASDAQ - COMPUTER HARDWARE - Networking & Communication Dev Aruba Networks Inc	$30.91	+4.23 15.84%	$31.65	$31.65	-2.35%	7,687,561 320.29%	2,400,200
Most Recent Note for ARUN - 2/18/2011 12:38:49 PM Considerable gap up gain today for an all-time high after reporting earnings +133% on +50% sales revenues. It did not form a sound base under the investment system guidelines since it was dropped from the Featured Stocks list on 1/28/11, yet it found support near prior lows in the $20.50 area and stayed well above its 200 DMA line. Gains above its 50 DMA line in recent weeks helped its outlook improve. Patient investors may watch for a new base to form rather than chasing it after the big breakaway gap.
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BSQR - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software B Square Corp	$13.11	-0.07 -0.53%	$13.75	$13.75	-4.65%	262,820 94.44%	278,300
Most Recent Note for BSQR - 2/18/2011 12:39:27 PM Hit a new 52-week high today while making its 4th mid-day report appearance of the week. Tested support at its 50 DMA line since the 1/11/11 mid-day report noted - "Extended from any sound base after a streak of volume-driven gains. Recent quarters show sales and earnings improving but prior history is below the fact-based system's guidelines."
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ENSG - NASDAQ - HEALTH SERVICES - Long-Term Care Facilities Ensign Group Inc	$31.14	+0.74 2.43%	$31.74	$31.74	-1.89%	87,264 87.09%	100,200
Most Recent Note for ENSG - 2/18/2011 12:48:46 PM Hit another new high today after a gap up on the prior session for a new all-time high. The 2/17/11 mid-day report noted - "Reported earnings +34% on +18% sales revenues for the quarter ended December 31, 2010 versus the year ago period. It now has just 2 consecutive quarters with earnings increases above the +25% guideline. Ownership by top-rated funds increased from 172 in Mar '10 to 222 in Dec 10, a reassuring sign concerning the I criteria. The breakaway gap cleared a sound base pattern formed since last noted in the 12/31/10 mid-day report - 'Earnings growth history has been below the investment system guidelines.'"
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FN - NYSE - ELECTRONICS - Specialized Electronics Fabrinet	$32.28	+0.63 1.99%	$32.91	$32.91	-1.91%	177,707 119.75%	148,400
Most Recent Note for FN - 2/18/2011 12:51:23 PM Hit another new high today then reversed into the red. During a streak of gains with heavy volume for new highs prior mid-day reports 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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IOSP - NASDAQ - CHEMICALS - Specialty Chemicals Innospec Inc	$27.42	+0.70 2.62%	$27.93	$27.93	-1.83%	127,741 174.27%	73,300
Most Recent Note for IOSP - 2/18/2011 1:17:00 PM Holding its ground and rising following a 2/16/11 breakaway gap for a new 52-week high. Prior mid-day reports noted - "Recent quarterly comparisons for Jun, Sep, and Dec '10 quarters show decelerating sales revenues growth (+23%, +17%, +8%) yet solid earnings increases. Its annual earnings (A criteria) history has been improving since a downturn in FY '07."
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IT - NYSE - DIVERSIFIED SERVICES - Business/Management Services Gartner Inc	$37.58	+1.58 4.39%	$37.80	$38.85	-3.27%	4,020,181 1,367.41%	294,000
Most Recent Note for IT - 2/18/2011 1:19:40 PM Gapped up today after announcing the pricing of a Secondary Offering while perched near 52-week and all-time highs. Prior mid-day reports 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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LYB - NYSE - CHEMICALS - Specialty Chemicals Lyondellbasell Ind A Nv	$37.37	-1.22 -3.16%	$37.52	$38.89	-3.91%	9,393,915 236.63%	3,969,900
Most Recent Note for LYB - 2/18/2011 1:25:26 PM Tested support at its 50 DMA line today, churning heavy volume near its 52-week high. Reported earnings versus a year-ago loss for the December '10 quarter. Prior mid-day reports noted 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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MDCO - NASDAQ - DRUGS - Drug Manufacturers - Other Medicines Company	$17.12	+0.34 2.03%	$17.20	$17.43	-1.78%	230,797 81.44%	283,400
Most Recent Note for MDCO - 2/18/2011 1:27:46 PM Hitting a new 52-week high today with a streak of 5 consecutive gains this week. 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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MERC - NASDAQ - MANUFACTURING - Paper & Packaging Mercer International Inc	$14.25	+0.34 2.46%	$14.49	$14.49	-1.64%	651,321 142.96%	455,600
Most Recent Note for MERC - 2/18/2011 1:28:54 PM Up again today for an 8th gain in 10 sessions with above average volume and another new 52-week high. Prior mid-day reports noted - "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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MERU - NASDAQ - TELECOMMUNICATIONS - Wireless Communications Meru Networks Inc	$26.36	+1.37 5.48%	$27.33	$27.33	-3.55%	148,596 106.90%	139,000
Most Recent Note for MERU - 2/18/2011 1:31:48 PM Hitting another new 52-week high today, adding to its spurt of gains backed by above average volume while making its 4th mid-day report appearance of the week. It was noted in the 2/14/11 mid-day report after rallying with volume-driven gains and rising from a long base formed since its 3/31/10 IPO - "No resistance remains in its way due to overhead supply. Fundamental concerns include decelerating sales revenues growth in recent quarterly comparisons, lower FY '11 earnings estimates, and the lack of a strong annual earnings history (A criteria)."
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NMRX - NASDAQ - TELECOMMUNICATIONS - Communication Equipment Numerex Corp	$11.00	+0.08 0.73%	$11.44	$11.44	-3.85%	29,073 114.01%	25,500
Most Recent Note for NMRX - 2/18/2011 1:32:50 PM Hit another new 52-week high today adding to the week's considerable gain on above average volume. Consolidated above its 50 DMA line and built a base-on-base type pattern since noted in the 1/14/11 mid-day report - "Rising from an orderly 10-week base with no resistance remaining due to overhead supply. Found great support at its 50 DMA line in the past 6 months. 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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NVO - NYSE - DRUGS - Drug Manufacturers - Other Novo Nordisk A/S Adr	$125.44	+3.17 2.59%	$125.44	$126.31	-0.69%	425,636 153.38%	277,500
Most Recent Note for NVO - 2/18/2011 1:35:41 PM Gapped up for a new high today after pausing in a tight trading range following 7 consecutive volume-driven gains to all-time high territory. Found great support near its 50 DMA line throughout its ongoing ascent, but it is not near a sound base now. Reported earnings +63% on +15% sales revenues for the quarter ended December 31, 2010, so 3 of the 4 latest quarterly comparisons now have earnings increases above the +25% guideline. It has earned high ranks after demonstrating strong steady annual earnings (A criteria) growth. This Denmark-based Medical - Ethical Drug firm also has seen the number of top-rated funds owning its shares rise from 152 in Mar '10 to 184 in Dec '10, a reassuring sign concerning the I criteria.
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NXPI - NASDAQ - ELECTRONICS - Semiconductor - Broad Line Nxp Semiconductors N V	$29.39	+2.08 7.62%	$29.81	$29.98	-1.97%	1,195,673 167.13%	715,400
Most Recent Note for NXPI - 2/18/2011 1:36:50 PM Hit a new high today with a 3rd consecutive gain on above average volume. Prior mid-day reports noted - "Rallying near its all-time high today after an ascending base pattern. Sales and earnings have not shown strong steady growth and are below the investment system guidelines while recently reporting earnings versus year-ago losses."
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OIS - NYSE - ENERGY - Oil & Gas Equipment & Services Oil States International	$75.03	-0.38 -0.50%	$76.25	$76.25	-1.60%	422,358 85.62%	493,300
Most Recent Note for OIS - 2/18/2011 1:41:27 PM This Oil & Gas - Field Services firm is perched near its 52-week high with no resistance due to overhead supply following recent gains backed by above average volume. Found support at its 50 DMA line when recently consolidating. It has continued higher since noted in the 11/10/10 mid-day report - "Earnings and sales history below guidelines."
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OPLK - NASDAQ - ELECTRONICS - Semiconductor - Integrated Cir Oplink Communications	$28.72	+1.59 5.86%	$29.00	$29.48	-2.58%	452,825 172.24%	262,900
Most Recent Note for OPLK - 2/18/2011 1:43:07 PM Hit a new 52-week high with today's considerable gain. Held its ground in a tight range 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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RAVN - NASDAQ - ELECTRONICS - Printed Circuit Boards Raven Industries	$52.65	+0.03 0.06%	$52.91	$53.88	-2.28%	43,195 90.37%	47,800
Most Recent Note for RAVN - 2/18/2011 1:46:19 PM Touched a new 52-week high today. Held its ground and made more progress since the 2/02/11 mid-day report and prior reports noted - "The 3 latest quarterly comparisons showed strong sales revenues and earnings increases after a streak of negative comparisons. A downward turn in FY '10 earnings is a flaw with respect to the annual earnings history (A criteria) guidelines."
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SF - NYSE - FINANCIAL SERVICES - Investment Brokerage - Regiona Stifel Financial Corp	$74.04	+0.10 0.14%	$74.20	$74.69	-0.87%	229,995 81.88%	280,900
Most Recent Note for SF - 2/18/2011 1:47:15 PM The 2 prior mid-day reports noted - "Holding its ground and rising after a considerable gap up on 2/15/11 for new 52-week and all-time highs. No resistance remains due to overhead supply. Earnings increased by +56% on +26% sales revenues in the quarter ended December 31, 2010 versus the year ago period. Annual earnings (A criteria) history included a downturn in FY '08 and '09 earnings, making it fail to meet the fact-based system's guidelines."
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ST - NYSE - ELECTRONICS - Semiconductor Equipment & Mate Sensata Technologies Hdg	$33.43	+0.18 0.54%	$34.45	$34.45	-2.96%	9,537,280 2,588.84%	368,400
Most Recent Note for ST - 2/18/2011 1:49:43 PM Hitting new 52-week highs with this week's gains backed by heavy volume. It did not build a sound new base, yet found support at its 50 DMA line and 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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VLO - NYSE - ENERGY - Oil & Gas Refining & Marketing Valero Energy Corp	$30.00	-0.29 -0.96%	$30.24	$30.42	-1.38%	8,820,939 93.00%	9,485,200
Most Recent Note for VLO - 2/18/2011 1:50:49 PM Perched near its 52-week high today while making its 3rd mid-day report appearance of the week. 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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WLK - NYSE - CHEMICALS - Specialty Chemicals Westlake Chemical Corp	$45.99	-0.06 -0.13%	$46.39	$46.39	-0.86%	199,466 87.14%	228,900
Most Recent Note for WLK - 2/18/2011 1:52:11 PM At a new all-time high today with no resistance remaining due to overhead supply. Held its ground above its 2006-2007 highs in the $37 area while enduring distributional pressure and slumping under its 50 DMA line in the interim since noted in the 1/06/11 mid-day report - "Recent quarters show great improvement but its earnings history has been below guidelines of the fact based investment system. It was last noted long ago in the 3/09/05 mid-day report. "
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WWWW - NASDAQ - INTERNET - Internet Information Providers Web.com Group Inc	$12.20	+0.51 4.37%	$12.14	$12.37	-1.37%	517,124 156.42%	330,600
Most Recent Note for WWWW - 2/18/2011 1:53:23 PM Hovering in a tight range near its 52-week high since a 2/09/11 gap up gain on heavy volume. Recent Sep and Dec '10 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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ZIGO - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Zygo Corp	$16.30	+0.10 0.59%	$16.20	$16.51	-1.30%	35,371 83.03%	42,600
Most Recent Note for ZIGO - 2/18/2011 1:55:13 PM Perched at its 52-week high today after gains each day this week with above average volume. Prior mid-day reports noted - "It had slumped below its 50 DMA line in the interim since noted in the 12/17/10 mid-day report - 'Recent quarters show sales and earnings improving but prior history is below the fact-based system's guidelines.'"
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