Mid-Day Breakouts Report - Tuesday, March 1st, 2011

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MIDDAY BREAKOUTS REPORT - TUESDAY, MARCH 1ST, 2011
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DOW 12153.72 -70.69 (-0.58%) | NASDAQ 2757.04 -25.17 (-0.90%) | S&P 500 1314.66 -12.56 (-0.95%)

Time of Screening : 3/1/2011 11:32:52 AM Report Released : 3/1/2011 1:01:26 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
EBIX - NASDAQ Ebix Inc	$27.18	+0.84 3.19%	$27.72	678,879 150.66% of 50 DAV 50 DAV is 450,600	$28.21 -3.65%	2/28/2011	$25.70	PP = $25.97 MB = $27.27
Most Recent Note - 3/1/2011 11:42:16 AM Y - Gapped up and briefly traded above its "max buy" level earlier today. A strong finish on the prior session with more than 3 times average volume triggered a technical buy signal after a choppy new 6-week flat base. In the 2/28/11 mid-day report its color code was changed to yellow with new pivot point cited based on its 1/18/11 high plus ten cents as it was noted - "Little resistance remains due to overhead supply. Since dropped from the Featured Stocks list on 11/16/10 the prior resistance previously noted in the $20 area acted as support and its fundamentals have remained strong. " >>> The latest Featured Stock Update with an annotated graph appeared on 2/28/2011. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AIXG - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Aixtron Se	$42.82	+0.93 2.22%	$43.62	$44.96	-4.76%	209,381 67.76%	309,000
Most Recent Note for AIXG - 3/1/2011 11:37:16 AM Rallying toward its all-time high today with a 4th consecutive gain after finding support near its 50 DMA line last week. It went through a deep consolidation below its 200 DMA line in the interim since noted on 4/21/10. Then, after several small gaps higher with above average volume helped it rally from a "reverse-head-and-shoulders" type pattern, it was noted - "This German firm is a high-ranked Electronics - Semiconductor Equipment company that has shown good earnings growth in recent years, but quarterly sales and earnings results have been erratic and below the investment system's guidelines."
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ALLT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software Allot Communications Ltd	$15.80	-0.14 -0.85%	$16.47	$16.47	-4.07%	185,095 66.20%	279,600
Most Recent Note for ALLT - 3/1/2011 11:39:04 AM Touched a new 52-week high today then reversed into the red following a solid volume-driven gain for a new high on the prior session. Found support well above its 50 DMA line while prior mid-day reports repeatedly noted - "Extended from any sound base after recent volume-driven gains. Recent quarterly comparisons show sales increases in the +33-36% range while it has been reporting earnings versus year ago losses. This low-priced Israeli Computer - Networking firm does not have a good annual earnings history (A criteria)."
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AMAT - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Applied Materials Inc	$16.55	+0.12 0.73%	$16.75	$16.75	-1.19%	11,481,241 70.25%	16,343,500
Most Recent Note for AMAT - 3/1/2011 11:34:30 AM Touched a new 52-week high today. The 1/31/11 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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EVEP - NASDAQ - ENERGY - Oil & Gas Drilling & Explorati E V Energy Partners Lp	$45.83	+0.21 0.46%	$45.94	$46.25	-0.91%	112,037 70.20%	159,600
Most Recent Note for EVEP - 3/1/2011 11:46:41 AM Hovering at its 52-week and all-time highs today following a gain with above average volume on the prior session. The 2/28/11 mid-day report noted - "Recently wedging to new highs without great volume conviction, yet no overhead supply remains to act as resistance. This Houston, TX based Oil and Gas MLP has an erratic earnings history and it completed additional Public Offerings on 2/09/10 and 8/11/10."
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FEIC - NASDAQ - ELECTRONICS - Diversified Electronics F E I Co	$34.33	+0.80 2.37%	$34.33	$34.40	-0.22%	245,823 62.47%	393,500
Most Recent Note for FEIC - 3/1/2011 11:49:41 AM Held its ground stubbornly and continued rising since a previously noted gap up on 2/04/11 for a new 52 week high. Noted in prior mid-day reports - "Recent quarters showed lackluster sales revenues growth while earnings increases versus the year earlier were greatly improved. 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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GLF - NYSE - TRANSPORTATION - Shipping Gulfmark Offshore Cl A	$44.69	+0.31 0.70%	$44.91	$45.94	-2.72%	219,508 76.91%	285,400
Most Recent Note for GLF - 3/1/2011 11:55:27 AM Steadily climbing since the first of the year, it is perched at its 52-week high with today's 4th consecutive gain. No resistance remains due to overhead supply and group strength (Oil and Gas - Field Services) has been helping it. Its annual earnings (A criteria) history has not been strong and steady. Its two latest quarterly financial results (Sep and Dec '10) showed better than +25% earnings increases over the year ago period, but with only +4% increases in sales revenues.
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HGR - NYSE - HEALTH SERVICES - Specialized Health Services Hanger Inc	$27.06	+0.16 0.60%	$27.17	$27.99	-3.32%	172,883 68.91%	250,900
Most Recent Note for HGR - 3/1/2011 12:01:05 PM Stubbornly holding its ground near its 52-week high. Consolidating after a considerable 2/10/11 gap up gain on heavy volume following its report of earnings +41% on +10% sales revenues for the quarter ended December 31, 2010 versus the year-ago period. Found support near its 50 DMA line during a consolidation since last noted in the 12/10/10 mid-day report - "Gains this week helped it clear stubborn resistance in the $19 area. Annual earnings (A criteria) history has been strong, but quarterly earnings increases in recent comparisons were below guidelines of the fact-based investment system while sales revenues increases have been in the +5-7% range."
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HLF - NYSE - DRUGS - Nutrition and Weight Management Herbalife Ltd	$75.83	-2.58 -3.29%	$78.32	$79.52	-4.64%	489,890 103.33%	474,100
Most Recent Note for HLF - 3/1/2011 12:09:53 PM Pulling back today after 8 consecutive volume-driven gains including a breakaway gap on 2/23/11 for new 52-week and all-time highs with heavy volume (5 times average daily). 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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IPG - NYSE - MEDIA - Advertising Agencies Interpublic Group Of Cos	$12.93	-0.27 -2.05%	$13.26	$13.34	-3.07%	5,365,606 93.95%	5,711,300
Most Recent Note for IPG - 3/1/2011 12:12:10 PM Pulling back from its 52-week high today following 2 consecutive volume-driven big gains for new highs. Reported earnings +50% on +12% sales revenues for the quarter ended December 31, 2010 versus the year ago period. Found support near prior highs and its 50 DMA line since noted in the 2/15/11 mid-day report following a previously noted technical breakout - "Recent quarters showed much better 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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MDSO - NASDAQ - COMPUTER SOFTWARE & SERVICES - Healthcare Information Service Medidata Solutions Inc	$26.50	+0.59 2.28%	$26.51	$27.39	-3.25%	116,882 72.37%	161,500
Most Recent Note for MDSO - 3/1/2011 12:23:31 PM While enduring recent distributional pressure it tested support near its 50 DMA line. Today's 4th consecutive gain has it perched -3.5% off its 52-week high with little resistance remaining due to overhead supply. Prior mid-day reports noted - "Recent quarterly comparisons show improving sales and earnings but its prior history has been below guidelines of the fact-based investment system."
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MTSC - NASDAQ - ELECTRONICS - Scientific & Technical Instrum M T S Systems Corp	$47.32	+1.01 2.18%	$47.39	$47.39	-0.15%	68,919 100.47%	68,600
Most Recent Note for MTSC - 3/1/2011 12:26:30 PM Touched a new 52-week high today with a 4th consecutive gain. Churning heavy volume near its high without making meaningful price progress since the 2/14/11 mid-day report noted - "Gapped up and hit a new 52-week high today while posting an 11th consecutive gain. 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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MTZ - NYSE - MATERIALS & CONSTRUCTION - Heavy Construction Mastec Inc	$18.57	-0.05 -0.27%	$18.99	$18.99	-2.21%	377,217 57.80%	652,600
Most Recent Note for MTZ - 3/1/2011 12:28:30 PM Hit another new 52-week high today then reversed into the red. A streak of 3 consecutive volume-driven gains helped it reach levels not seen since 2001. The 2 prior mid-day reports 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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NOG - AMEX - ENERGY - Oil & Gas Drilling & Explorati Northern Oil & Gas Inc	$31.54	-0.24 -0.74%	$32.10	$32.88	-4.09%	699,803 65.99%	1,060,400
Most Recent Note for NOG - 3/1/2011 12:32:23 PM Holding its ground today after gains with above average volume 4 days in a row helped it hit new 52-week highs. The 3 prior mid-day reports noted - "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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NTCT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Netscout Systems Inc	$26.33	+1.34 5.36%	$26.55	$26.55	-0.83%	229,372 74.91%	306,200
Most Recent Note for NTCT - 3/1/2011 12:35:01 PM Considerable gain today after gapping up for a new 52-week high, and no overhead supply remains to act as resistance. Prior mid-day reports noted - "Quarterly sales revenues and earnings are below the investment system guidelines. Based on weak action it was dropped from the Featured Stocks list on 9/15/08, soon after featured in the September 2008 issue of CANSLIM.net News (see here). First featured in the August '07 CANSLIM.net News (read here)."
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NVO - NYSE - DRUGS - Drug Manufacturers - Other Novo Nordisk A/S Adr	$125.77	-0.89 -0.70%	$125.91	$126.66	-0.70%	185,775 59.49%	312,300
Most Recent Note for NVO - 3/1/2011 12:38:55 PM Perched near its all-time high following a recently noted spurt of volume-driven gains. Found great support near its 50 DMA line throughout its ongoing ascent. It now faces no resistance due to overhead supply, but it is not near a sound base pattern. 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 185 in Dec '10, a reassuring sign concerning the I criteria.
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NXPI - NASDAQ - ELECTRONICS - Semiconductor - Broad Line Nxp Semiconductors N V	$31.00	-0.95 -2.97%	$33.87	$33.87	-8.47%	1,074,322 132.58%	810,300
Most Recent Note for NXPI - 3/1/2011 12:40:13 PM Reversed into the red after hitting another new high today. There was above average volume behind its recent spurt of gains while 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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SLW - NYSE - METALS &; MINING - Silver Silver Wheaton Corp	$42.85	+0.30 0.71%	$44.00	$44.00	-2.61%	8,497,102 72.01%	11,799,600
Most Recent Note for SLW - 3/1/2011 12:42:47 PM Today's gain helped it hit another new 52-week high after a strong finish on the prior session. Noted in the 2/23/11 mid-day report - "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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SSL - NYSE - ENERGY - Independent Oil & Gas Sasol Ltd Adr	$53.39	-1.48 -2.70%	$53.84	$55.22	-3.31%	194,801 85.14%	228,800
Most Recent Note for SSL - 3/1/2011 12:48:16 PM Hovering near its 52-week high, it gapped down today, slumping toward prior chart highs in the $52 area that may now act as support. During a recent streak of volume-driven gains the 2/24/11 mid-day report noted - "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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SVM - NYSE - METALS & MINING - Silver Silvercorp Metals Inc	$13.34	+0.26 1.99%	$13.50	$13.64	-2.20%	1,531,914 64.05%	2,391,700
Most Recent Note for SVM - 3/1/2011 12:54:02 PM Today's 3rd consecutive gap up gain helped it hit new 52-week and all-time highs. While rising just above previously stubborn resistance in the $13 area, no overhead supply remains to act as resistance. The 2/22/11 mid-day report noted - "It completed a Public Offering on 12/14/10 after it was noted in a handful of Nov and Dec '10 mid-day reports - 'This low-priced Canadian mining company's considerable gain with heavy volume for a new 52-week high may catch the eye of some technical traders. Its 4 latest quarterly comparisons show strong sales revenues and earnings increases following negative comparisons in the prior 4 quarters. Last noted in the 5/13/10 mid-day report after a then recent surge to new highs, then it subsequently slumped below its 200 DMA line before rebounding impressively. Poor annual earnings (A criteria) history is a fundamental concern.'"
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TORM - NASDAQ - CHEMICALS - Synthetics Tor Minerals Intl Inc	$13.75	+0.03 0.22%	$14.00	$14.35	-4.18%	15,198 58.01%	26,200
Most Recent Note for TORM - 3/1/2011 12:57:01 PM The 2/28/11 mid-day report noted - "Hovering near its 52-week high since a considerable gap up gain on 2/24/11 following its strong earnings news for the quarter ended December 31, 2010 versus the year ago period. Recent quarterly comparisons show improving sales revenues and earnings, but its prior history has been erratic and below the investment system's guidelines."
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WES - NYSE - ENERGY - Oil &; Gas Pipelines Western Gas Partners Lp	$34.97	-1.27 -3.52%	$35.10	$36.40	-3.94%	1,693,731 753.10%	224,900
Most Recent Note for WES - 3/1/2011 1:01:12 PM Gapped down today for a loss on heavy volume, reversing from its 52-week and all-time highs hit on the prior session after pricing a Public Offering of 3.6 million shares. Held its ground and steadily rallied since last noted in the 1/28/11 mid-day report - "This week it rose from an orderly base pattern above its 50 DMA line. This Master Limited Partnership's quarterly earnings and sales revenues growth history are below guidelines of the investment system."
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