Mid-Day Breakouts Report - Thursday, March 3rd, 2011

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MIDDAY BREAKOUTS REPORT - THURSDAY, MARCH 3RD, 2011
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DOW 12234.21 167.41 (1.39%) | NASDAQ 2796.86 48.78 (1.78%) | S&P 500 1328.2 19.76 (1.51%)

Time of Screening : 3/2/2011 11:42:19 AM Report Released : 3/3/2011 12:30:53 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	$27.01	-0.34 -1.24%	$27.38	391,566 78.64% of 50 DAV 50 DAV is 497,900	$28.59 -5.53%	2/28/2011	$25.70	PP = $25.97 MB = $27.27
Most Recent Note - 3/3/2011 11:55:42 AM G - Gapped up today and hit a new 52-week high. Color code is changed to green while getting extended beyond the "max buy" level +5% above the pivot point recently cited. Prior highs in the $25-26 area define initial support to watch above its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 2/28/2011. Click here.
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PAY - NYSE Paymentus Holdings	$48.93	+4.32 9.68%	$49.57	4,209,871 282.47% of 50 DAV 50 DAV is 1,490,400	$49.91 -1.96%	1/27/2011	$41.77	PP = $44.97 MB = $47.22
Most Recent Note - 3/3/2011 12:08:42 PM G - Challenging its 52-week high and all-time highs today with no resistance remaining due to overhead supply. Gapped up on 3/02/11 after reporting earnings +65% on +27% sales revenues for the quarter ended January 31, 2011 versus the year-ago period. Color code was changed to green again after getting extended from a sound base. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 3/2/2011. 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	$44.18	+1.91 4.52%	$44.52	$44.96	-1.74%	254,063 83.63%	303,800
Most Recent Note for AIXG - 3/3/2011 11:39:32 AM Gapped up again today, rallying near its all-time high with a 6th 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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ALU - NYSE - TELECOMMUNICATIONS - Wireless Equipment Alcatel-Lucent Ads	$5.00	+0.28 5.93%	$5.05	$5.44	-8.09%	27,977,340 99.30%	28,173,900
Most Recent Note for ALU - 3/3/2011 11:42:04 AM Gapped up today after a strong finish on the prior session, hitting new 52-week highs. It held its ground and made additional progress higher since its 2/10/11 breakaway gap. 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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ASMI - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate A S M International Adr	$41.90	+1.89 4.72%	$41.92	$41.92	-0.05%	60,032 63.26%	94,900
Most Recent Note for ASMI - 3/3/2011 11:44:17 AM Perched at its 52-week high today with no overhead supply to act as resistance. Stayed well above its 50 DMA line while consolidating since noted in the 1/18/11 mid-day report when posting a 5th consecutive gain and hitting a new high. Prior mid-day reports noted - "It recently rallied well above its 2008 high ($33.60) after clearing it. Recent quarters show sales and earnings improving but prior history is below the fact-based system's guidelines. Quarterly and annual earnings results include blue triangles beside the reported earnings figures - the blue triangles are symbols indicating that pre-tax, non-recurring items were included (where possible, such items are normally removed to provide data better suited for comparison)."
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BRKS - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Azenta, Inc.	$13.29	+0.67 5.31%	$13.41	$13.88	-4.25%	427,323 73.71%	579,700
Most Recent Note for BRKS - 3/3/2011 11:46:04 AM Gapped up and hit another new 52-week high today, making its 2nd consecutive mid-day report appearance. Held its ground stubbornly since noted in the 2/07/11 mid-day report - "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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CAP - NYSE - DIVERSIFIED SERVICES - Rental & Leasing Services C A I International Inc	$23.99	+3.69 18.18%	$24.73	$24.73	-2.99%	282,108 320.58%	88,000
Most Recent Note for CAP - 3/3/2011 11:48:51 AM Small gap up today following a considerable gap up gain on heavy volume to a new all-time high after reporting earnings +171% on +65% sales revenues for the quarter ended December 31, 2010 versus the year ago period. No overhead supply remains to act as resistance. It completed a Public Offering on 12/09/10 and found support near its 50 DMA line since the 11/30/10 mid-day report noted - "Recent quarterly comparisons show improving sales and earnings after negative comparisons. It is not near a sound base."
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CBI - NYSE - MATERIALS & CONSTRUCTION - General Contractors Chicago Bridge & Iron Co	$35.71	+0.80 2.29%	$36.28	$36.50	-2.16%	637,243 72.65%	877,200
Most Recent Note for CBI - 3/3/2011 11:50:51 AM Small gap up today. The 3/02/11 mid-day report noted - "Perched near its 52-week high after recently finding support near its 50 DMA line. Sales revenues and earnings history are below the investment system's guidelines."
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CLR - NYSE - ENERGY - Oil &; Gas Drilling &; Explorati Continental Res Inc	$68.64	+0.04 0.06%	$69.28	$71.38	-3.84%	641,010 84.67%	757,100
Most Recent Note for CLR - 3/3/2011 11:52:54 AM Proposed a new Public Offering on 3/01/11 while perched near its 52-week high after a recent spurt of volume-driven gains, extended from any sound base. Reported earnings +76% on -56% sales revenues (substantially lower revenues) for the quarter ended December 31, 2010 versus the year ago period. Noted in prior mid-day reports - "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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MDR - NYSE - ENERGY - Oil & Gas Equipment & Services Mcdermott Intl	$24.31	+1.92 8.58%	$24.57	$25.49	-4.63%	3,395,631 188.42%	1,802,200
Most Recent Note for MDR - 3/3/2011 11:57:13 AM Gapped up and hit another new 52-week high today, making a 2nd consecutive mid-day report appearance. Fundamentals are below guidelines, yet as noted in November 2010 mid-day reports - "It has shown recent technical strength. It was noted in the 6/02/08 mid-day report - 'Challenging prior chart highs in the $63 area, it briefly traded above them to new all-time highs today before reversing. Sub par fundamentals in latest quarterly financial report.'"
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MIDD - NASDAQ - MANUFACTURING - Diversified Machinery Middleby Corp	$90.25	+0.49 0.55%	$91.85	$91.95	-1.85%	62,646 62.40%	100,400
Most Recent Note for MIDD - 3/3/2011 12:00:18 PM Consolidating just above its 50 DMA line and prior highs after a bout of distributional pressure last week. Perched at multi-year highs after noted in recent mid-day reports - "With volume-driven gains helping it rise clear of all overhead supply. Earnings and sales growth history below guidelines."
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NOG - AMEX - ENERGY - Oil & Gas Drilling & Explorati Northern Oil & Gas Inc	$31.46	-0.59 -1.84%	$31.97	$32.88	-4.32%	813,503 72.86%	1,116,600
Most Recent Note for NOG - 3/3/2011 12:01:19 PM Holding its ground after a streak of 6 consecutive gains with above average volume. Prior mid-day reports repeatedly 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	$26.31	+0.03 0.11%	$26.66	$26.70	-1.46%	195,332 61.66%	316,800
Most Recent Note for NTCT - 3/3/2011 12:03:18 PM Small gap up today for another new 52-week high, making its 3rd consecutive mid-day report appearance. No overhead supply remains to act as resistance, yet 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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SKH - NYSE - HEALTH SERVICES - Long-Term Care Facilities Skilled Healthcare Grp	$13.65	+0.06 0.44%	$13.80	$14.76	-7.52%	320,808 67.57%	474,800
Most Recent Note for SKH - 3/3/2011 12:10:48 PM Hitting a new 52-week high today. The 3/02/11 mid-day report noted - "Sales revenues and earnings increases have been below guidelines, fundamentally. Technically, it is extended from any sound base pattern."
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SLW - NYSE - METALS &; MINING - Silver Silver Wheaton Corp	$43.79	+0.21 0.48%	$44.00	$44.00	-0.48%	7,459,140 61.82%	12,065,000
Most Recent Note for SLW - 3/3/2011 12:16:18 PM Hovering at 52-week and all-time highs this week after a spurt of volume driven gains. Due to report earnings on Friday, March 4th for the quarter ended December 31, 2010. Noted in prior mid-day reports - "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	$54.62	+1.56 2.94%	$54.98	$56.57	-3.45%	205,301 85.94%	238,900
Most Recent Note for SSL - 3/3/2011 12:18:25 PM Hit a new 52-week high with a gap up gain today. Prior chart highs in the $52 area acted 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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STM - NYSE - ELECTRONICS - Semiconductor - Broad Line Stmicroelectronics N V	$13.04	+0.43 3.43%	$13.08	$13.08	-0.29%	1,790,416 101.79%	1,758,900
Most Recent Note for STM - 3/3/2011 12:19:37 PM Hovering at its 52-week high today, making its 2nd consecutive mid-day report appearance. Prior mid-day reports noted - "Recent quarters showed better sales and earnings increases versus losses in the year earlier periods. 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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SVM - NYSE - METALS & MINING - Silver Silvercorp Metals Inc	$14.18	+0.13 0.93%	$14.40	$14.40	-1.53%	2,167,156 87.45%	2,478,100
Most Recent Note for SVM - 3/3/2011 12:21:50 PM The 3/02/11 mid-day report noted - "Following 3 consecutive gap up gains it hit another new 52-week and all-time high today before reversing into the red. While rising just above previously stubborn resistance in the $13 area, no overhead supply remains to act as resistance. 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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TPX - NYSE - MANUFACTURING - Textile Manufacturing Tempur Sealy Intl Inc	$47.03	+1.06 2.31%	$47.16	$48.64	-3.31%	620,620 62.08%	999,700
Most Recent Note for TPX - 3/3/2011 12:25:06 PM Small gap up today, rising near its 52-week and all-time highs. Endured mild distributional pressure recently but held its ground well above its 50 DMA line. The 3/02/11 mid-day report noted - "No overhead supply remains to hinder its progress. Sales revenues and earnings increases in recent quarterly comparisons have been strong versus the year ago period, but showed deceleration in its growth rate. Its annual earnings (A criteria) history was marred by a downturn in FY '08."
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VIV - NYSE - TELECOMMUNICATIONS - Wireless Communications Telefonica Brasil S.A.	$35.92	-0.62 -1.70%	$36.35	$37.16	-3.34%	776,279 60.48%	1,283,500
Most Recent Note for VIV - 3/3/2011 12:26:58 PM Up again today for a new high. The 3/02/11 mid-day report noted - "This Brazilian Telecom - Wireless Services firm spiked to new 52-week and multi-year highs with a recent spurt of volume-driven gains. No overhead supply remains to act as resistance. Quarterly comparisons have shown strong earnings increases (good C criteria) history. FY '11 earnings estimates call for only +4% growth, and the Telecom Services - Foreign group has a poor Relative Strength rating of 21."
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