Mid-Day Breakouts Report - Wednesday, February 23rd, 2011

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, FEBRUARY 23RD, 2011
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DOW 12076.03 -136.8 (-1.12%) | NASDAQ 2709.11 -47.31 (-1.72%) | S&P 500 1304.3 -11.14 (-0.85%)

Time of Screening : 2/23/2011 11:43:38 AM Report Released : 2/23/2011 1:25:30 PM
Price is: Above 52W High and Less Than 52W High but within 5% of the 52 Week High
Volume Is: At least 57.5% 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
HMSY - NASDAQ H M S Holdings Corp	$74.70	-1.91 -2.49%	$75.89	133,713 85.11% of 50 DAV 50 DAV is 157,100	$77.43 -3.53%	11/19/2010	$61.89	PP = $63.01 MB = $66.16
Most Recent Note - 2/23/2011 12:16:05 PM G - Gapped down today, pulling back from its 52-week high hit on the prior session. After 15 consecutive gains with ever-increasing volume it is extended from any sound base pattern. Support to watch is defined by prior chart highs and its 50 DMA line. >>> 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
BRKR - NASDAQ - Medical-Systems/Equip Bruker Corp	$18.33	-0.32 -1.72%	$18.41	$19.14	-4.23%	508,380 90.54%	561,500
Most Recent Note for BRKR - 2/23/2011 11:49:33 AM Perched near its 52-week high today. Reported earnings +13% on +14% sales revenues for the quarter ended December 31, 2010 versus the year ago period. It found support above its 50 DMA line when consolidating, then continued rising since last noted in the 12/14/10 mid-day report - "It has rebounded impressively after its subsequent trip below its long-term 200 DMA line. Sales revenues increases have been in the +10-20% range while earnings increases were above the +25% guideline in the past 5 quarterly comparisons through September 30, 2010. That followed a streak of negative comparisons. Its annual earnings (A criteria) have been up and down, leaving concerns."
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CCK - NYSE - CONSUMER NON-DURABLES - Packaging & Containers Crown Holdings Inc	$37.55	+0.18 0.48%	$37.87	$38.55	-2.59%	693,116 58.96%	1,175,500
Most Recent Note for CCK - 2/23/2011 11:55:58 AM Hovering near its 52-week high today and there is no overhead supply to act as resistance. It has shown strong steady annual earnings growth (good A criteria) however sales revenues have not grown in recent years while quarterly earnings results were mostly below the +25% guideline. It survived but failed to impress since last noted in the 7/18/08 mid-day report.
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CLR - NYSE - ENERGY - Oil &; Gas Drilling &; Explorati Continental Res Inc	$66.81	+1.64 2.52%	$66.98	$67.26	-0.67%	515,131 74.75%	689,100
Most Recent Note for CLR - 2/23/2011 11:59:26 AM Gapped up for a second session in a row today and hit another new 52-week high. Noted in the 2/22/11 mid-day report hitting a new high - "With a considerable gain backed by above average volume. It found support at its 50 DMA line during a pullback since last noted on 1/11/11 -'Rallying from an orderly flat base. Quarterly financial reports recently showed improving sales revenues and earnings increases, however, prior quarters and years (A criteria) showed sub par sales revenues and earnings growth.'"
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GPOR - NASDAQ - ENERGY - Oil &; Gas Drilling &; Explorati Gulfport Energy Corp	$29.09	+0.87 3.08%	$29.45	$29.45	-1.22%	606,309 146.88%	412,800
Most Recent Note for GPOR - 2/23/2011 12:01:34 PM Gapped up and touched another new 52-week and all-time high today. The 2/22/11 mid-day report noted - "Getting extended from a sound base. A recent spurt of volume driven-gains helped it break out from a sound base pattern above 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. 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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GTI - NYSE - MANUFACTURING - Industrial Electrical Equipmen Graftech Intl Ltd Hldg	$22.92	-0.38 -1.63%	$23.28	$23.89	-4.06%	713,834 63.08%	1,131,700
Most Recent Note for GTI - 2/23/2011 12:06:35 PM Pulling back with above average volume this week after recently wedging to new 52-week highs with gains on lighter than average volume. It found support near prior highs and then continued higher since last noted in the 1/28/11 mid-day report following a 1/26/11 breakout from an orderly flat base above its 50 DMA line. Noted in prior mid-day reports - "Recent quarters shown improving sales and earnings but its prior earnings history is below guidelines."
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HLF - NYSE - DRUGS - Nutrition and Weight Management Herbalife Ltd	$73.85	+4.00 5.73%	$76.27	$76.27	-3.17%	1,267,103 311.40%	406,900
Most Recent Note for HLF - 2/23/2011 12:13:41 PM Considerable gap up gain today for a new 52-week and all-time high. Reported earnings +34% on +17% sales revenues for the quarter ended December 31, 2010 versus the year ago period. HLF recently rebounded above its 50 DMA line which was violated in mid-January with losses on heavy volume since last noted in the 12/06/10 mid-day report - "It steadily advanced after the previously noted 8/03/10 gap up gain. This high-ranked Cosmetics / Personal Care group leader has an up and down annual earnings history (A criteria) that remains a fundamental concern. In the 4 latest quarters this network marketer of weight management and nutritional supplements showed increases in sales and earnings after 4 negative comparisons. It has rebounded impressively from its Bear Market lows, however its fundamentals are below guidelines, having slumped subsequent to the company's removal from the CANSLIM.net Featured Stocks list on 4/22/08 - details were then covered in the CANSLIM.net After Market Update with an annotated graph (read here)."
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IO - NYSE - ENERGY - Oil & Gas Equipment & Services I O N Geophysical Corp	$12.60	+0.37 3.03%	$12.91	$12.91	-2.40%	1,141,220 66.86%	1,706,800
Most Recent Note for IO - 2/23/2011 12:27:15 PM Hovering near its 52-week high since a considerable gap up on 2/17/11. Recent quarters showed better sales and 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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IOSP - NASDAQ - CHEMICALS - Specialty Chemicals Innospec Inc	$27.20	+1.31 5.06%	$27.73	$27.93	-2.61%	120,416 153.59%	78,400
Most Recent Note for IOSP - 2/23/2011 12:30:43 PM Holding its ground in a tight trading range and churning above average volume (a sign of distributional pressure while not making more meaningful price progress) since its previously noted 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	$37.92	-0.13 -0.34%	$38.00	$38.85	-2.39%	301,575 61.81%	487,900
Most Recent Note for IT - 2/23/2011 12:31:44 PM Holding its ground since the previously noted 2/18/11 gap up 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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MDCO - NASDAQ - DRUGS - Drug Manufacturers - Other Medicines Company	$17.14	-0.11 -0.64%	$17.38	$17.73	-3.33%	207,129 67.40%	307,300
Most Recent Note for MDCO - 2/23/2011 12:43:42 PM Hovering near its 52-week high today following a negative reversal on the prior session breaking a streak of 5 consecutive gains. The 2/18/11 mid-day report 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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MIC - NYSE - REAL ESTATE - REIT - Diversified/Industrial Macquarie Infrstr Co Llc	$24.21	-0.08 -0.33%	$24.43	$25.19	-3.89%	103,511 66.27%	156,200
Most Recent Note for MIC - 2/23/2011 12:46:18 PM Perched -5.4% off its 52-week high now, still pulling back after a recent spurt of volume-driven gains. Prior mid-day reports noted -"Earnings history for this Real Estate Development/Operations firm has been below the system's guidelines."
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MTD - NYSE - ELECTRONICS - Scientific & Technical Instrum Mettler Toledo Intl Inc	$166.46	-1.56 -0.93%	$168.83	$169.79	-1.96%	85,183 63.24%	134,700
Most Recent Note for MTD - 2/23/2011 12:49:44 PM Hovering near all-time highs. Stubbornly holding its ground since last noted in the 2/11/11 mid-day report following a gap up 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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NDSN - NASDAQ - Machinery-Gen Industrial Nordson Corp	$109.01	+12.51 12.96%	$113.79	$113.79	-4.20%	516,924 280.94%	184,000
Most Recent Note for NDSN - 2/23/2011 12:53:37 PM Gapped up today for a new all-time high. Reported earnings +86% on +23% sales revenues for the quarter ended January 31, 2011 versus the year ago period. It found support well above its 50 DMA line while consolidating since last noted in the mid-day report on 12/17/10 as it hit new all-time highs with great volume conviction following strong quarterly results and an analyst upgrade. Prior mid-day reports noted - "Sales and earnings increases in recent quarterly comparisons have been great, however, prior quarterly and annual earnings (A criteria) growth has been below guidelines of the fact-based investment system."
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OCLR - NASDAQ - HEALTH SERVICES - Medical Instruments & Supplies Oclaro Inc	$16.66	+1.46 9.61%	$17.12	$17.45	-4.53%	3,553,805 361.23%	983,800
Most Recent Note for OCLR - 2/23/2011 12:59:39 PM Gapped up today and nearly challenged its 52-week high that defines prior resistance in the $17 area before pulling back. 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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SIG - NYSE - SPECIALTY RETAIL - Jewelry Stores Signet Jewelers Ltd	$44.07	+0.11 0.25%	$45.31	$45.31	-2.74%	338,741 68.72%	492,900
Most Recent Note for SIG - 2/23/2011 1:04:05 PM Consolidating just above support at its 50 DMA line, this UK-based retailer of jewelry is now trading only -4.2% off its 52-week high. Last noted in the 11/24/10 mid-day report - "Hitting new 52-week highs with above average volume behind a streak of gains. Quarterly comparisons show a lack of sales revenues growth and its prior quarterly and annual earnings history has been below guidelines of the investment system."
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SLW - NYSE - METALS &; MINING - Silver Silver Wheaton Corp	$40.43	+1.41 3.62%	$40.95	$42.34	-4.51%	9,626,234 85.71%	11,231,600
Most Recent Note for SLW - 2/23/2011 1:09:18 PM Today's gain has it nearly challenging its 52-week high and within striking distance of a best-ever close with no overhead supply to act as resistance. There was a negative reversal (action indicative of distributional pressure) on 2/22/11 when SLW was noted in the mid-day report - "Following a 12-week deep "V" shaped base (not a sound base pattern), and it is slumping near the session low after an initial gap up. Recently rebounding after a deeper pullback since 1/13/11 when it was dropped from the Featured Stocks list."
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ST - NYSE - ELECTRONICS - Semiconductor Equipment & Mate Sensata Technologies Hdg	$33.10	-0.10 -0.30%	$33.39	$34.45	-3.92%	1,028,060 147.03%	699,200
Most Recent Note for ST - 2/23/2011 1:10:40 PM Hovering near its 52-week high. Completed another Secondary Offering on 2/18/11. 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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