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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, FEBRUARY 29TH, 2012
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DOW 12999.37 -5.75 (-0.04%) | NASDAQ 2981.68 -5.08 (-0.17%) | S&P 500 1371.1 -1.08 (-0.08%)
Time of Screening : 2/29/2012 11:49:33 AM         Report Released : 2/29/2012 12:56:44 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
Max Buy
ECHO - NASDAQ
Echo Global Logistics
$18.82 -0.25
-1.31%
$18.85 183,489
290.79% of 50 DAV
50 DAV is 63,100
$19.38
-2.89%
2/22/2012 $18.50 PP = $18.63
MB = $19.56
Most Recent Note - 2/29/2012 12:13:32 PM
Y - Small gap down today with heavy volume. Still holding its ground near its all-time high with no resistance remaining due to overhead supply. It has been consolidating below its "max buy" level after breaking out from a large cup shaped base.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/23/2012. Click here.
View all notes | Alert me of new notes | Company Profile | SEC | News | ChartC A N S L I M
TDG - NYSE
Transdigm Group Inc
$120.10 +3.23
2.76%
$120.88 262,548
75.04% of 50 DAV
50 DAV is 349,900
$121.48
-1.14%
2/29/2012 $120.10 PP = $118.93
MB = $124.88
Most Recent Note - 2/29/2012 12:41:45 PM
Y - It formed an advanced "3-weeks tight" base pattern and its color code is changed to yellow with a new pivot point cited based on its 2/13/12 high plus 10 cents. A volume-driven gain for a strong close above it pivot point may confirm a new (or-add on) technical buy signal. Prior highs near $102 define the initial support level to watch above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/10/2012. 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
$539.63 +4.22
0.79%
$547.61 $547.61 -1.46% 16,987,928
118.00%
14,397,000
Most Recent Note for AAPL - 2/29/2012 11:52:13 AM
Up again today, on track for a 5th consecutive gain and another new all-time high. This well-known tech leader is extended from any sound base pattern after a considerable rally since the previously noted "breakaway gap" on 1/25/12 from an advanced "3-weeks tight" base pattern.
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AGO - NYSE - INSURANCE - Life Insurance
Assured Guaranty Ltd
$17.30 +0.16
0.93%
$17.95 $18.54 -6.69% 1,746,802
91.10%
1,917,400
Most Recent Note for AGO - 2/29/2012 11:53:51 AM
Earnings history has been below guidelines. Last noted in the 11/28/05 mid-day report.
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AUY - NYSE - METALS & MINING - Gold
Yamana Gold Inc
$17.29 -0.68
-3.78%
$18.16 $18.16 -4.79% 6,353,142
93.34%
6,806,800
Most Recent Note for AUY - 2/29/2012 11:55:31 AM
Reported earnings +9% on +6% sales for the quarter ended December 31, 2011 versus the year ago period, below the +25% minimum earnings guideline for buy candidates. Touched a new 52-week high today then reversed into the red. Struggling near prior resistance in the $17-18 area. Recently found support above its 50 DMA line, and prior mid-day reports noted - "Quarterly sales revenues and earnings increases in the 5 latest comparisons through Sep 30, 2011 were well above the +25% guideline satisfying the C criteria. The downturn in FY '09 earnings is a fundamental flaw concerning the A criteria. With respect to the I criteria, the number of top rated funds owning its shares rose from 799 in Jun '11 to 913 in Dec '11. It survived but failed to impress since 4/23/2008 when it was dropped from the Featured Stocks list and subsequently fell from $13 to $3 over the next 6 months. First it had traded up as much as +25.4% after it was first featured at $15.89 in the February 2008 CANSLIM.net News (read here)."
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BANR - NASDAQ - BANKING - Savings & Loans
Banner Corporation
$20.60 +0.29
1.43%
$20.69 $20.88 -1.34% 107,489
106.85%
100,600
Most Recent Note for BANR - 2/29/2012 11:57:25 AM
Perched near its 52-week high today. The 2/28/12 mid-day report noted - "Sales and earnings history is not a match with the fact-based investment system's guidelines."

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CALL - NASDAQ - Telecom-Infrastructure
Magicjack Vocal Tec Ltd
$20.71 +1.14
5.83%
$20.90 $20.90 -0.93% 358,760
125.18%
286,600
Most Recent Note for CALL - 2/29/2012 11:58:38 AM
Hitting another new 52-week high today with a volume-driven gain. Prior mid-day reports noted - "Sales revenues and earnings history is not a match with the fact-based investment system's guidelines. Erratic price action in the past week indicates uncertainty while it proposed a new Public Offering on 12/09/11 and a 2:1 split impacted its share price effective 12/19/11."
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CFX - NYSE - MANUFACTURING - Diversified Machinery
Colfax Corp
$34.38 -0.14
-0.41%
$35.08 $37.64 -8.66% 3,633,025
336.02%
1,081,200
Most Recent Note for CFX - 2/29/2012 12:02:00 PM
Pulling back from its all-time high since announcing a proposed Public Offering on 2/27/12. Reported earnings +3% on +7% sales for the quarter ended December 31, 2011 versus the year ago period. Noted in prior mid-day reports - "The 3 latest quarterly comparisons through Sep '11 showed strong sales revenues and earnings increases with impressive acceleration, however the downward turn in FY '09 and FY '10 earnings (A criteria) is a concern."

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CPIX - NASDAQ - Medical-Ethical Drugs
Cumberland Pharma Inc
$7.90 +0.17
2.20%
$8.00 $8.02 -1.50% 47,362
111.44%
42,500
Most Recent Note for CPIX - 2/29/2012 12:03:09 PM
Still perched near its 52-week high after a spurt of volume-driven gains. Prior mid-day reports repeatedly noted - "Quarterly earnings increases in recent comparisons have shown great improvement however the sub par sales revenues growth and annual earnings (A criteria) history is not a good match with the fact-based investment system's guidelines. Technically the low-priced stock broke out last week."
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DRD - NYSE - METALS & MINING - Gold
Drdgold Ltd Adr
$7.67 -0.09
-1.16%
$8.16 $8.16 -6.00% 118,904
127.72%
93,100
Most Recent Note for DRD - 2/29/2012 12:05:28 PM
Reversed into the red after touching a new 52-week high today. Encountering mild distributional pressure since prior mid-day reports noted - "Perched at its 52-week high today after a recent spurt of volume-driven gains. This low-priced South African company in the Mining - Gold/Silver/Gems group has an erratic earnings history, not a match with the fact-based investment system's guidelines."

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DXPE - NASDAQ - WHOLESALE - Industrial Equipment Wholesale
D X P Enterprises Inc
$36.95 +0.26
0.71%
$37.25 $39.19 -5.72% 62,187
79.52%
78,200
Most Recent Note for DXPE - 2/29/2012 12:08:01 PM
It is perched -5.6% off its 52-week high today, consolidating in a tight range for the past 4 weeks above its 50 DMA line and prior highs. Reported earnings +53% on +21% sales revenues for the quarter ended September 30, 2011 versus the year ago period. No resistance remains due to overhead supply. From its prior high it went through a deep consolidation below its 200 DMA line since noted in the 8/02/11 mid-day report - "Recent quarterly earnings increases above the +25% guideline satisfy the C criteria, but its up and down annual earnings (A criteria) history is a concern. Based on weak action it was dropped from the Featured Stocks list on 10/03/08 and fundamentals deteriorated afterward while it slumped from above $21 to as low as $8.57 before rebounding."
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EC - NYSE - ENERGY - Independent Oil & Gas
Ecopetrol Sa Adr
$57.40 +0.73
1.29%
$57.88 $57.88 -0.83% 426,064
99.73%
427,200
Most Recent Note for EC - 2/29/2012 12:10:12 PM
Rallying to another new all-time high today with its 6th consecutive gain. Getting more extended from any sound base since noted in the 1/30/12 mid-day report - "The Colombian Oil and Gas - Integrated firm reported a +128% earnings increase for the latest quarter ended September 30, 2011 on +56% sales revenues versus the year earlier period. Prior quarterly comparisons have shown great improvement, however a downturn in FY '09 earnings was previously noted as a flaw in its earnings history (A criteria) since public trading began in September 2008."
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ENB - NYSE - ENERGY - Oil & Gas Pipelines
Enbridge Inc
$38.43 -0.43
-1.11%
$39.13 $39.43 -2.54% 582,177
95.19%
611,600
Most Recent Note for ENB - 2/29/2012 12:15:19 PM
Consolidating just -2.5% off its 52-week high today, slumping toward its 50 DMA line with above average volume behind its loss. On 11/23/11 it completed a $450 million Offering of Preferred Shares. Prior mid-day reports noted - "Earnings and sales history are below fact-based investment system's guidelines for this Canadian Utility -Gas Distribution firm."
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FARO - NASDAQ - ELECTRONICS - Scientific & Technical Instrum
Faro Technologies Inc
$55.90 -2.85
-4.85%
$57.98 $59.66 -6.30% 142,791
122.78%
116,300
Most Recent Note for FARO - 2/29/2012 12:19:39 PM
Down today with above average volume following an analyst downgrade. Reported earnings +93% on +32% sales revenues for the quarter ended December 31, 2011 versus the year ago period. Recent quarterly comparisons showed improved sales revenues and earnings increases satisfying the C criteria. Fundamentals do not meet guidelines of the fact-based investment system, especially after it tallied 50 cents per share loss in FY '09. It was noted 10/30/07 -"Questionable annual earnings history (not a strong A)."
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GPX - NYSE - DIVERSIFIED SERVICES - Education & Training Services
G P Strategies Corp
$15.90 +0.38
2.45%
$16.74 $16.74 -5.02% 42,882
92.62%
46,300
Most Recent Note for GPX - 2/29/2012 12:22:07 PM
Slumping near the session low and erasing much of its early gain after gapping up today for another new 52-week high. Quarterly earnings increases above the +25% guideline in the 7 latest quarterly comparisons through Dec '11 satisfy the C criteria. Insider buying was reported in Nov, Dec, and Jan as it rose toward prior resistance in the $14 area and found support near its 50 DMA line. Prior mid-day reports noted - "Recent quarterly comparisons show improving sales revenues and earnings increases but its annual earnings (A criteria) history falls below the investment system's guidelines."
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GTLS - NASDAQ - ENERGY - Oil &; Gas Equipment &; Services
Chart Industries Inc
$68.66 -1.34
-1.91%
$69.66 $70.94 -3.21% 356,844
77.73%
459,100
Most Recent Note for GTLS - 2/29/2012 12:24:09 PM
Holding its ground today after spiking to a new 52-week high with a considerable volume-driven gain on the prior session. Prior mid-day reports noted - "It went through a deep consolidation after dropped from the Featured Stocks list on 9/05/08. It has rebounded impressively, especially since its Nov '10 breakout, and it may be an interesting turnaround story now, however the downturn in FY '09 and FY '10 earnings is a flaw with respect to the A criteria of the fact-based investment system. Its small supply of shares outstanding (the S criteria) can contribute to greater volatility, especially if institutional investors rush in or out."
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KED - NYSE - Finance-Investment Mgmt
Kayne Anderson Engy Dvlp
$23.70 +0.16
0.68%
$23.85 $24.50 -3.27% 66,670
109.30%
61,000
Most Recent Note for KED - 2/29/2012 12:24:43 PM
Consolidating near its 52-week high and churning above average volume without making progress since a negative reversal on 2/21/12. It is extended from the previous orderly base pattern. Prior mid-day reports noted - "Erratic earnings history. Its quarterly sales revenues and earnings improved in recent comparisons, yet they remain minuscule. It has been building an orderly base for the past few months with support being found near its 200 DMA line."
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KMI - NYSE - UTILITIES - Gas Utilities
Kinder Morgan Inc
$35.17 -0.09
-0.26%
$35.96 $35.96 -2.20% 1,568,896
76.33%
2,055,500
Most Recent Note for KMI - 2/29/2012 12:28:07 PM
Perched at its 52-week high today after a streak of volume-driven gains. Reported earnings +111% on +3% sales revenues for the quarter ended December 31, 2011 versus the year ago period. Last noted in the 1/11/12 mid-day report - "Lack of sales revenues growth is a concern even while earnings increases were strong in the Jun and Sep '11 quarterly comparisons versus the year ago periods. Annual earnings (A criteria) history has been up and down."
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NVO - NYSE - DRUGS - Drug Manufacturers - Other
Novo Nordisk A/S Adr
$140.68 -3.90
-2.70%
$142.09 $144.82 -2.86% 283,667
96.00%
295,500
Most Recent Note for NVO - 2/29/2012 12:30:24 PM
Small gap down with above average volume today, pulling back from an all-time high quietly hit on the prior session. Its 2 latest quarterly comparisons through Dec '11 had earnings increases below the +25% guideline (not meeting the C criteria). It went through a deep consolidation below its 200 DMA line then rebounded since noted in the 7/28/11 mid-day report. - "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 204 in Mar '11, a reassuring sign concerning the I criteria."
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OKS - NYSE - ENERGY - Oil &; Gas Pipelines
Oneok Partners Lp
$58.01 -0.49
-0.84%
$58.20 $61.58 -5.80% 973,409
217.28%
448,000
Most Recent Note for OKS - 2/29/2012 12:33:32 PM
Down again today with above average volume, slumping near its 50 DMA line. Gapped down for a loss with heavy volume on 2/28/12 after announcing a proposed Public Offering while perched at its 52-week high. It had been stubbornly holding its ground following recent volume-driven gains. Recent quarterly comparisons show impressive sales revenues and earnings acceleration, however prior mid-day reports noted- "This MLP's earnings history has been below the guidelines of the fact-based system."
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SCL - NYSE - CHEMICALS - Specialty Chemicals
Stepan Co
$88.83 -1.17
-1.30%
$92.00 $92.00 -3.45% 23,998
89.21%
26,900
Most Recent Note for SCL - 2/29/2012 12:37:45 PM
Reversed into the red after rallying for a new all-time high today following a considerable gain with above average volume and strong finish on the prior session. This thinly traded Chemicals- Specialty firm's quarterly and annual earnings history (C & A criteria) is not a match with the fact-based investment system's guidelines.
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TNH - NYSE - CHEMICALS - Agricultural Chemicals
Terra Nitrogen Co Lp
$228.09 -3.39
-1.46%
$242.00 $242.00 -5.75% 96,355
131.81%
73,100
Most Recent Note for TNH - 2/29/2012 12:43:07 PM
Reversed into the red after hitting yet another new 52-week high today. Reported earnings +179% on +49% sales revenues for the quarter ended September 30, 2011 versus the year ago period. Recent gains cleared the old high that it hit when noted in the 8/31/11 mid-day report - "Reported earnings +78% on +19% sales revenues for the quarter ended June 30, 2011 versus the year ago period and recent quarters were strong, but its up and down annual earnings (questionable A) history remains a fundamental concern. There is a small supply of only 4.26 million shares in its float, which can contribute to greater price volatility in the event of institutional buying or selling."
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TTC - NYSE - MANUFACTURING - Small Tools & Accessories
Toro Co
$67.79 +1.07
1.60%
$67.83 $68.43 -0.94% 157,253
84.05%
187,100
Most Recent Note for TTC - 2/29/2012 12:46:09 PM
Spurt of recent gains has it nearly challenging its 52-week high today and no resistance remains due to overhead supply. Quarterly and annual earnings history is below the fact-based system's guidelines.

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VRSK - NASDAQ - DIVERSIFIED SERVICES - research
Verisk Analytics Cl A
$43.96 +1.78
4.21%
$42.43 $44.58 -1.40% 1,207,600
175.19%
689,300
Most Recent Note for VRSK - 2/29/2012 12:53:54 PM
Considerable gap up gain today with heavy volume for a new 52-week high. It is rallying for a 6th consecutive gain with no resistance due to overhead supply, but it is extended from any sound base. Found support above its 50 DMA line during the recent consolidation. Reported earnings +28% on +20% sales revenues for the quarter ended December 31, 2011 versus the year ago period. Prior comparisons were at or just under the +25% minimum earnings guideline while it showed slight sales and earnings acceleration, and its annual earnings (A criteria) history is good. Patient investors may watch for secondary buy points to possibly develop and be noted, rather than chasing it while too extended from a proper base pattern.
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WDC - NASDAQ - COMPUTER HARDWARE - Data Storage Devices
Western Digital Corp
$40.10 +0.72
1.83%
$39.68 $41.87 -4.23% 3,042,738
86.51%
3,517,300
Most Recent Note for WDC - 2/29/2012 12:56:21 PM
Quarterly and annual earnings history is below the investment system's guidelines. Results have been erratic since a previously noted downturn in FY '09 earnings damaged its previously good annual (A criteria) growth history.
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THESE ARE NOT BUY RECOMMENDATIONS!  Comments contained in the body of this report are technical opinions only. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. We are not an investment advisor, hence it does not endorse or recommend any securities or other investments. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. All trademarks, service marks and trade names appearing in this report are the property of their respective owners, and are likewise used for identification purposes only.

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Kenneth J. Gruneisen founded Gruneisen Growth Corp. (2003), which prior to May 11, 2015, operated CANSLIM.net and CANSLIM.com both under license from Data Analysis Inc. / Investor's Business Daily. Kenneth has passed the CAN SLIM® Master's Exam. Gruneisen Growth Corp. now continues over two decades of fact based market analysis via FactBasedInvesting.com.

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