Mid-Day Breakouts Report - Thursday, February 24th, 2011

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MIDDAY BREAKOUTS REPORT - THURSDAY, FEBRUARY 24TH, 2011
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DOW 12046.93 -58.85 (-0.49%) | NASDAQ 2727.47 4.48 (0.16%) | S&P 500 1301.81 -5.59 (-0.43%)

Time of Screening : 2/24/2011 12:01:14 PM Report Released : 2/24/2011 1:28:11 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
PCLN - NASDAQ Priceline.com Inc	$457.00	+31.01 7.28%	$469.40	2,939,339 310.16% of 50 DAV 50 DAV is 947,700	$469.40 -2.64%	1/3/2011	$399.55	PP = $428.20 MB = $449.61
Most Recent Note - 2/24/2011 12:52:13 PM Y - Gapped up today for a considerable gain with heavy volume, reclaiming recently lost ground and touching a new 52-week high after reporting earnings +71% on +35% sales revenues for the quarter ended December 31, 2010 versus the year ago period. Prompt support near its 50 DMA line and its gap up are indicative of institutional accumulation in the face of widespread market weakness. More serious concerns and technical sell signals would be triggered by subsequent damaging losses below today's low ($116.00) coinciding with its 1/20/11 chart low. >>> The latest Featured Stock Update with an annotated graph appeared on 2/14/2011. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
BGCP - NASDAQ - FINANCIAL SERVICES - Investment Brokerage - Nationa B G C Partners Inc Cl A	$9.09	+0.06 0.66%	$9.32	$9.32	-2.47%	457,632 78.97%	579,500
Most Recent Note for BGCP - 2/24/2011 12:09:20 PM Found support and recently rebounded after undercutting its 50 DMA line, then rallied to new 52-week highs with volume-driven gains. Last noted in the 12/10/10 mid-day report - "Breaking out from a short flat base with above average volume on the prior session. Its latest base was formed above a previously noted 6-month cup shaped base. The 4 latest quarterly comparisons show earnings increases above the +25% guideline, but this Finance - Investment Bankers/Brokers firm's prior quarterly and annual earnings history (A criteria) fall below the investment system guidelines."
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CLH - NYSE - Pollution Control Clean Harbors Inc	$92.35	-2.56 -2.70%	$94.13	$95.50	-3.30%	181,341 108.46%	167,200
Most Recent Note for CLH - 2/24/2011 12:14:33 PM Gapped down today, reversing from the new all-time high hit on the prior session. Held its ground and continued rising since last noted in the 1/26/11 mid-day report - "It exceeded its 2008 high ($82.99) since last noted in the 12/16/10 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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CLR - NYSE - ENERGY - Oil &; Gas Drilling &; Explorati Continental Res Inc	$68.21	+0.92 1.36%	$69.70	$69.70	-2.14%	673,982 97.81%	689,100
Most Recent Note for CLR - 2/24/2011 12:17:21 PM Gapped up for a 3rd session in a row today and hit another new 52-week high. Extended from any sound base now, it was noted in prior mid-day reports hitting new highs - "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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CRZO - NASDAQ - ENERGY - Independent Oil & Gas Carrizo Oil & Gas Inc	$38.08	+0.99 2.67%	$39.34	$39.34	-3.20%	721,979 123.52%	584,500
Most Recent Note for CRZO - 2/24/2011 12:20:32 PM Gapped up and hit a new 52-week high today, getting extended from prior chart highs in the $35 area that acted as resistance. Prior mid-day reports noted - "Earnings history is below guidelines."
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HLF - NYSE - DRUGS - Nutrition and Weight Management Herbalife Ltd	$76.72	-0.18 -0.23%	$76.84	$77.64	-1.18%	828,728 203.67%	406,900
Most Recent Note for HLF - 2/24/2011 12:23:14 PM Holding its ground today after a considerable breakaway gap on 2/23/11 for new 52-week and all-time highs with heavy volume (5 times average daily) behind its gain. 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 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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IOSP - NASDAQ - CHEMICALS - Specialty Chemicals Innospec Inc	$26.68	-0.52 -1.91%	$27.49	$27.93	-4.48%	51,190 65.29%	78,400
Most Recent Note for IOSP - 2/24/2011 12:24:12 PM Still 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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JNPR - NYSE - COMPUTER HARDWARE - Networking & Communication Dev Juniper Networks Inc	$42.81	+1.37 3.31%	$42.85	$44.62	-4.06%	3,633,948 61.90%	5,871,100
Most Recent Note for JNPR - 2/24/2011 12:27:37 PM Up today after pulling back abruptly on the prior 2 sessions amid widespread distributional pressure in the stock, the networking industry group, and the broader market. Last noted in the 2/15/11 mid-day report - "Touched yet another new 52-week high today while on track for its 12th consecutive gain. 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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MIC - NYSE - REAL ESTATE - REIT - Diversified/Industrial Macquarie Infrstr Co Llc	$24.02	+0.06 0.25%	$24.41	$25.19	-4.64%	103,834 66.48%	156,200
Most Recent Note for MIC - 2/24/2011 12:33:14 PM Perched -5.7% off its 52-week high now, pulling back with higher volume this week 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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NDSN - NASDAQ - Machinery-Gen Industrial Nordson Corp	$110.68	+2.22 2.05%	$111.99	$113.79	-2.73%	150,281 81.67%	184,000
Most Recent Note for NDSN - 2/24/2011 12:35:28 PM Holding its ground today after a considerable gap up gain on heavy volume on 2/23/11 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 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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NOG - AMEX - ENERGY - Oil & Gas Drilling & Explorati Northern Oil & Gas Inc	$30.25	+1.93 6.81%	$30.73	$30.73	-1.56%	1,318,852 171.86%	767,400
Most Recent Note for NOG - 2/24/2011 12:43:09 PM Gapped up for a new 52-week high today, and no overhead supply remains to hinder its progress. It promptly repaired a 50 DMA line violation in January while consolidating and then continued rising since completing a Public Offering of additional shares on 11/19/10. Previously noted an additional offering earlier last year on 4/15/10. It has attracted an increasing number of top-rated funds as shareholders. Recent quarters show great sales and earnings increases versus minuscule numbers for the year ago period. Leadership in the industry group (L criteria) is helping it fare well, but its limited earnings history and repeated stock offerings are cause for some concern.
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OCLR - NASDAQ - HEALTH SERVICES - Medical Instruments & Supplies Oclaro Inc	$17.25	+1.06 6.55%	$17.83	$17.81	-3.14%	2,694,737 273.91%	983,800
Most Recent Note for OCLR - 2/24/2011 12:45:03 PM Gapped up today and touched a new 52-week high while confronting prior resistance in the $17 area. The 2/23/11 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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PPO - NYSE - MANUFACTURING - Pollution &; Treatment Controls Polypore International	$57.69	+8.16 16.47%	$58.70	$58.70	-1.72%	954,929 209.05%	456,800
Most Recent Note for PPO - 2/24/2011 12:54:50 PM Gapped up today and hit a new all-time high following losses this week that led to a test of support at its 50 DMA line. The 1/26/11 mid-day report noted - "Stubbornly held its ground following its considerable gain on 12/06/10 with very heavy volume. It built orderly base-on-base type patterns in recent months since clearing its 2008 high ($29.26). Recent quarters showed improving sales and earnings increases but prior comparisons were negative and its up and down annual earnings (A criteria) track record is below guidelines of the fact-based system."
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SIG - NYSE - SPECIALTY RETAIL - Jewelry Stores Signet Jewelers Ltd	$43.47	-0.35 -0.80%	$44.72	$45.31	-4.06%	305,220 61.92%	492,900
Most Recent Note for SIG - 2/24/2011 12:56:44 PM Consolidating near support at its 50 DMA line, this UK-based retailer of jewelry is now trading only -4.9% off its 52-week high. It was 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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SSL - NYSE - ENERGY - Independent Oil & Gas Sasol Ltd Adr	$53.83	+0.93 1.76%	$54.25	$54.25	-0.77%	170,516 82.30%	207,200
Most Recent Note for SSL - 2/24/2011 1:15:20 PM Hit another new 52-week high with today's 3rd consecutive gap up gain. The latest earnings data available via our sources was for the period ended June 30, 2010, and it may be due to soon report results for the Sep and Dec '10 periods. The downturn in its FY '09 earnings is a flaw with respect to the investment system's A criteria. Found support near its 50 DMA line and made gradual progress since last noted in the 10/13/10 mid-day report - "This big South-African Oil and Gas - Refining/Marketing firm's sales revenues and earnings increases improved in the 2 most recent quarters after a streak of 4 negative quarterly comparisons."
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ST - NYSE - ELECTRONICS - Semiconductor Equipment & Mate Sensata Technologies Hdg	$33.14	+0.09 0.27%	$33.60	$34.45	-3.80%	409,230 58.53%	699,200
Most Recent Note for ST - 2/24/2011 1:18:30 PM Hovering near its 52-week high today, stubbornly holding its ground while making its 6th mid-day report appearance of February. 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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TCBI - NASDAQ - BANKING - Regional - Southwest Banks Texas Capital Bancshares	$24.44	+0.44 1.83%	$24.61	$25.49	-4.12%	311,361 97.57%	319,100
Most Recent Note for TCBI - 2/24/2011 1:24:08 PM 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. It survived but failed to impress since last noted in the 2/07/05 mid-day report.
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UBS - NYSE - BANKING - Money Center Banks U B S Ag	$19.53	-0.13 -0.66%	$19.64	$19.97	-2.20%	2,260,526 70.44%	3,209,200
Most Recent Note for UBS - 2/24/2011 1:26:11 PM It survived but failed to impress since last noted in the 10/30/06 mid-day report. 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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WWWW - NASDAQ - INTERNET - Internet Information Providers Web.com Group Inc	$12.14	+0.52 4.47%	$12.34	$12.37	-1.86%	331,159 94.05%	352,100
Most Recent Note for WWWW - 2/24/2011 1:27:58 PM Hit a new 52-week high with today's considerable gain on above average volume after 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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