Mid-Day Breakouts Report - Friday, March 4th, 2011

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MIDDAY BREAKOUTS REPORT - FRIDAY, MARCH 4TH, 2011
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DOW 12107.1 -151.1 (-1.23%) | NASDAQ 2772.95 -25.79 (-0.92%) | S&P 500 1315.31 -15.66 (-1.18%)

Time of Screening : 3/4/2011 11:51:00 AM Report Released : 3/4/2011 1:38:46 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	$29.02	+0.31 1.08%	$29.61	460,704 88.70% of 50 DAV 50 DAV is 519,400	$29.61 -1.99%	2/28/2011	$25.70	PP = $25.97 MB = $27.27
Most Recent Note - 3/4/2011 12:10:13 PM G - Today it touched another new 52-week high. Color code was changed to green after 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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FOSL - NASDAQ Fossil Group Inc	$80.44	+0.11 0.14%	$80.83	572,833 68.79% of 50 DAV 50 DAV is 832,700	$83.68 -3.87%	2/1/2011	$73.30	PP = $74.44 MB = $78.16
Most Recent Note - 3/4/2011 12:21:33 PM G - It is extended from its prior base now after dipping below its "max buy" level. It found support at its 50 DMA line while consolidating above prior resistance in the $74 area. >>> The latest Featured Stock Update with an annotated graph appeared on 2/24/2011. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ALU - NYSE - TELECOMMUNICATIONS - Wireless Equipment Alcatel-Lucent Ads	$5.45	+0.08 1.47%	$5.47	$5.47	-0.39%	26,778,438 85.02%	31,495,100
Most Recent Note for ALU - 3/4/2011 11:54:16 AM Hit a 3rd consecutive new 52-week high today with its 3rd consecutive mid-day report appearance. 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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ARUN - NASDAQ - COMPUTER HARDWARE - Networking & Communication Dev Aruba Networks Inc	$32.59	+1.48 4.76%	$32.61	$32.59	0.00%	2,751,868 96.51%	2,851,400
Most Recent Note for ARUN - 3/4/2011 11:56:12 AM Hit a new high today after holding its ground following a considerable gap up gain on 2/18/11 for an all-time high. The prior mid-day report noted the gap up - "After reporting earnings +133% on +50% sales revenues. It did not form a sound base under the investment system guidelines since it was dropped from the Featured Stocks list on 1/28/11, yet it found support near prior lows in the $20.50 area and stayed well above its 200 DMA line. Gains above its 50 DMA line in recent weeks helped its outlook improve. Patient investors may watch for a new base to form rather than chasing it after the big breakaway gap."
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CLR - NYSE - ENERGY - Oil &; Gas Drilling &; Explorati Continental Res Inc	$68.06	-1.36 -1.95%	$68.90	$71.38	-4.66%	5,996,819 778.20%	770,600
Most Recent Note for CLR - 3/4/2011 11:59:53 AM Gapped down today after pricing a new Public Offering while perched near its 52-week high following a recent spurt of volume-driven gains. 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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COO - NYSE - HEALTH SERVICES - Medical Instruments & Supplies Cooper Companies Inc	$68.41	+4.79 7.53%	$69.30	$69.30	-1.28%	994,982 279.88%	355,500
Most Recent Note for COO - 3/4/2011 12:05:48 PM Gapped up today for a new 52-week high. Steadily advanced since a 9/03/10 breakaway gap, continually finding support above its 50 DMA line. 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 dropped from the Featured Stocks list on 3/29/05.
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DAR - NYSE - Agricultural Operations Darling International	$14.65	+0.48 3.39%	$14.78	$15.40	-4.87%	794,252 60.84%	1,305,500
Most Recent Note for DAR - 3/4/2011 12:08:31 PM Found support above prior highs and its 50 DMA line this week. Consolidating after a spurt of volume-driven gains to new highs following a 1/28/11 Public Offering. Sales and earnings history are below the investment system's guidelines.
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EXFO - NASDAQ - ELECTRONICS - Diversified Electronics E X F O Inc	$12.70	+0.95 8.09%	$12.86	$12.86	-1.24%	325,689 127.87%	254,700
Most Recent Note for EXFO - 3/4/2011 12:12:41 PM Hit a new high today following a brief consolidation, getting more extended from any sound base. The 2/15/11 mid-day report noted - "Recent quarters show improving sales and earnings but its prior history has been erratic and below guidelines."
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FARO - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Faro Technologies Inc	$37.38	-0.46 -1.22%	$37.80	$37.95	-1.50%	47,305 61.84%	76,500
Most Recent Note for FARO - 3/4/2011 12:14:28 PM Hit new 52-week highs this week, holding its ground and rising since its 2/24/11 gap up after reporting earnings +142% on +27% sales revenues for the quarter ended December 31, 2010 versus the year ago period. Fundamentals do not meet guidelines of the fact-based investment system, especially after a loss in FY '09. It was noted 10/30/07 -"Questionable annual earnings history (not a strong A)."
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FCS - NASDAQ - ELECTRONICS - Semiconductor - Integrated Cir Fairchild Semicndtr Intl	$19.18	+0.42 2.24%	$19.50	$19.79	-3.08%	1,359,103 64.18%	2,117,500
Most Recent Note for FCS - 3/4/2011 12:18:18 PM Not near any sound base. Leadership in the Semiconductor group (L criteria) has been reassuring. Recent quarters showed much better earnings increases versus the year earlier. Annual earnings (A criteria) growth has not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system.
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HF - NYSE - REAL ESTATE - Property Management/Developmen H F F Inc Cl A	$13.73	+0.08 0.59%	$14.27	$14.27	-3.78%	204,373 124.39%	164,300
Most Recent Note for HF - 3/4/2011 12:23:27 PM Hit a new 52-week high today following a brief consolidation. Prior mid-day reports noted - "Extended from any sound base pattern. Recent quarters showed much 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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INTL - NASDAQ - FINANCIAL SERVICES - Investment Brokerage - Regional Intl Fcstone Inc	$25.39	+0.32 1.28%	$25.86	$25.86	-1.82%	38,151 89.77%	42,500
Most Recent Note for INTL - 3/4/2011 12:30:51 PM Touched a new 52-week high today after finding support near its 50 DMA line during its orderly consolidation in recent months. 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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JNPR - NYSE - COMPUTER HARDWARE - Networking & Communication Dev Juniper Networks Inc	$44.38	+0.62 1.42%	$44.98	$44.98	-1.33%	5,009,608 79.33%	6,314,800
Most Recent Note for JNPR - 3/4/2011 12:34:32 PM Touched a new 52-week high today. Recently consolidating after a streak of volume-driven gains. 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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LSCC - NASDAQ - ELECTRONICS - Semiconductor - Specialized Lattice Semiconductor	$7.20	+0.36 5.26%	$7.38	$7.38	-2.44%	2,352,042 155.13%	1,516,200
Most Recent Note for LSCC - 3/4/2011 12:38:38 PM Gapped up today and hit a new 52-week high. Recent leadership in the Semiconductor group (L criteria) has been reassuring. Found support at its 50 DMA line and above previous resistance at $6.00 while consolidating since last noted in the 1/28/11 mid-day report - "Found support when consolidating near its 200 DMA line late last year. The 3 latest quarters show greatly improved sales and earnings but its prior quarterly and annual earnings history has been below guidelines."
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MIDD - NASDAQ - MANUFACTURING - Diversified Machinery Middleby Corp	$89.42	+0.05 0.06%	$90.99	$91.95	-2.75%	73,837 72.96%	101,200
Most Recent Note for MIDD - 3/4/2011 12:41:35 PM Consolidating above its 50 DMA line and prior highs after enduring distributional pressure, remaining perched at multi-year highs. 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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OCLR - NASDAQ - HEALTH SERVICES - Medical Instruments & Supplies Oclaro Inc	$18.22	+0.82 4.71%	$18.22	$18.95	-3.85%	818,816 61.64%	1,328,400
Most Recent Note for OCLR - 3/4/2011 12:44:38 PM Churned a lot of volume this week without making meaningful price progress above prior resistance in the $17 area, a sign it has been encountering distributional pressure. 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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OVTI - NASDAQ - ELECTRONICS - Semiconductor - Integrated Cir Omnivision Technologies	$33.44	-0.05 -0.15%	$33.88	$33.88	-1.30%	1,799,294 78.75%	2,284,700
Most Recent Note for OVTI - 3/4/2011 12:53:02 PM Perched at its 52-week high today following a 3/03/11 gap up gain on heavy volume. No overhead supply remains to act as resistance. Previously noted its considerable gap up gain on 2/25/11 helped it rebound from below its 200 DMA line after a "double bottom" base that was formed while consolidating since it hit its 52-week high when noted in the 12/13/10 mid-day report - "Recent quarterly comparisons show strong sales revenues and earnings increases after a loss in FY '09 and an up and down annual earnings (A criteria)."
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PLAB - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Photronics Inc	$10.07	+0.26 2.69%	$10.15	$10.15	-0.78%	851,227 90.73%	938,200
Most Recent Note for PLAB - 3/4/2011 1:00:07 PM Today's 3rd consecutive gain with above average volume helped it touch a new 52-week high and no overhead supply remains to act as resistance. Continuing to rally following a previously noted "breakaway gap" on 2/09/11. It found support above its 200 DMA line during a deep consolidation since the 12/07/10 mid-day report noted - "Recent quarters showed improving sales and earnings, but its earnings history is below guidelines after losses in FY '08 and '09 (bad A criteria)."
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PLCM - NASDAQ - TELECOMMUNICATIONS - Processing Systems & Products Polycom Inc	$48.92	-0.71 -1.43%	$49.56	$49.99	-2.14%	895,219 78.42%	1,141,500
Most Recent Note for PLCM - 3/4/2011 1:03:04 PM Perched near its 52-week high today with no overhead supply remaining to act as resistance. Consolidating on mostly light volume since last noted in the 2/16/11 mid-day report - "Reported earnings +48% on +27% sales for the quarter ended December 31, 2010 versus the year ago period. Prior earnings history has been below guidelines. It extended from any sound base, yet no resistance remains due to overhead supply."
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SLW - NYSE - METALS &; MINING - Silver Silver Wheaton Corp	$44.82	+1.10 2.52%	$45.13	$45.13	-0.69%	9,491,709 77.14%	12,303,800
Most Recent Note for SLW - 3/4/2011 1:11:20 PM Reported earnings +133% on +65% sales revenues for the quarter ended December 31, 2010 versus the year-ago period. Gapped up today, hitting new 52-week and all-time highs while continuing its spurt of volume-driven gains. It is on track for its 6th consecutive weekly gain. The recently noted "12-week deep 'V' shaped base" was not a sound base pattern, yet it has rebounded and rallied impressively after a deeper pullback since 1/13/11 when it was dropped from the Featured Stocks list.
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STM - NYSE - ELECTRONICS - Semiconductor - Broad Line Stmicroelectronics N V	$13.07	+0.00 0.00%	$13.16	$13.16	-0.68%	1,473,582 81.38%	1,810,800
Most Recent Note for STM - 3/4/2011 1:14:31 PM Hovering at its 52-week high today, making its 3rd 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	$14.41	+0.43 3.08%	$14.47	$14.47	-0.41%	2,213,587 86.82%	2,549,600
Most Recent Note for SVM - 3/4/2011 1:17:07 PM Hit another new all-time high today while making its 4th consecutive mid-day report appearance. Prior mid-day reports noted - "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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TSCO - NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other Tractor Supply Co	$53.97	+0.88 1.66%	$54.73	$54.73	-1.39%	478,622 75.96%	630,100
Most Recent Note for TSCO - 3/4/2011 1:26:37 PM Hitting a new all-time high today following a brief consolidation after once again holding its ground above its 50 DMA line again. Last noted in the 2/16/11 mid-day report - "No resistance remains due to overhead supply while it rises from a riskier late-stage base. Recent quarterly comparisons show strong earnings (good C criteria) with sales revenues growth improving by +20% in the quarter ended Dec 31, 2010, better than prior sub-par revenues increases. TSCO was long ago featured in the June '03 CANSLIM.net News."
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UTEK - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Ultratech Inc	$26.20	-0.09 -0.34%	$26.36	$26.47	-1.02%	173,000 70.55%	245,200
Most Recent Note for UTEK - 3/4/2011 1:28:31 PM Hit a new 52-week high today this week with volume-driven gains. Held its ground well above its 50 DMA line following considerable gains on heavy volume. Prior mid-day reports noted - "Recent quarters show sales and earnings improving but prior history is below the fact-based system's guidelines."
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WWWW - NASDAQ - INTERNET - Internet Information Providers Web.com Group Inc	$13.06	+0.18 1.40%	$13.27	$13.27	-1.58%	281,247 73.32%	383,600
Most Recent Note for WWWW - 3/4/2011 1:31:18 PM Hit another new 52-week high today after stubbornly holding its ground since last noted in the 2/25/11 mid-day report and earlier reports - "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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