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MIDDAY BREAKOUTS REPORT - TUESDAY, MARCH 15TH, 2011
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DOW 11837.25 -154.92 (-1.29%) | NASDAQ 2665.85 -35.24 (-1.30%) | S&P 500 1278.47 -17.92 (-1.38%)
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Time of Screening :
3/15/2011 11:38:13 AM Report Released :
3/15/2011 12:40:03 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...
At around
mid-way through each trading day we run
a screen against our database of
high-ranked stocks, searching for
possible buy candidates that are trading
at or near their 52-week high on above
average volume. The results of that
screen are split into the two sections
you see below. The first, titled
"TODAY's FEATURED STOCKS" shows stocks
that our experts have recently
identified as among the strongest candidates to
consider. Stocks highlighted in yellow
are the most timely and noteworthy, so
particular attention and prompt action
may be appropriate. The second section,
titled "TODAY's BREAKOUT SCREEN" shows
the remainder of stocks meeting today's
screen parameters. Our experts have
reviewed and included notes on these
stocks as well, but found that they may
not match up as favorably.
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Y - Today's strongest
candidates
highlighted
by our staff
of experts.
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G - Previously featured in
this report as yellow and
now may no longer be buyable
under the guidelines.
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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 |
MG
- NYSE
Mistras Group Inc
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$15.48
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+0.05
0.32%
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$15.55
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417,853 520.36% of 50 DAV
50 DAV is 80,300
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$15.80 -2.03%
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3/15/2011 |
$15.48
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PP = $15.90 MB = $16.70 |
Most Recent Note - 3/15/2011 12:06:13 PM
Y - Finding support at its 50 DMA line this week while still holding its ground stubbornly in a tight trading range since a considerable "breakaway gap" on 1/12/11 for new highs. No resistance remains due to overhead supply. Color code is changed to yellow with pivot point cited based on its 52-week high plus 10 cents. Market conditions (M criteria) argue against new buying efforts until a new confirmed rally with follow-through day, meanwhile it is poised for a possible breakout. Recent quarterly comparisons showed solid sales and earnings increases versus the year earlier.
There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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PAY
- NYSE
Paymentus Holdings
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$51.47
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+3.56
7.43%
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$51.80
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2,373,274 136.40% of 50 DAV
50 DAV is 1,739,900
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$51.80 -0.64%
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1/27/2011 |
$41.77
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PP = $44.97 MB = $47.22 |
Most Recent Note - 3/15/2011 12:08:10 PM
G - Powered to a new all-time high today, rallying with above average volume after overcoming early weakness. No resistance remains due to overhead supply, but it is extended from a sound base pattern. Its 50 DMA line defines chart support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/2/2011. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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ULTA
- NASDAQ
Ulta Salon Cosm & Frag
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$46.98
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+0.03
0.06%
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$45.87
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532,742 91.02% of 50 DAV
50 DAV is 585,300
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$47.55 -1.20%
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1/6/2011 |
$36.12
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PP = $37.34 MB = $39.21 |
Most Recent Note - 3/15/2011 12:39:43 PM
G - Perched at its all-time high today after a spurt of volume-driven gains. Its recent 4-week consolidation was too short to be considered a sound new base pattern. Support to watch is at its 50 DMA line and recent chart lows near the $40 level.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/17/2011. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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Symbol - Exchange - Industry Group Company Name |
Last |
Chg |
Day High |
52 WK Hi |
% From Hi |
Volume % DAV |
DAV |
AIRM
- NASDAQ - TRANSPORTATION - Air Services, Other
Air Methods Corp
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$65.16 |
-0.24 -0.37%
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$65.76
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$66.09
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-1.41% |
130,205 126.91%
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102,600
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Most Recent Note for AIRM - 3/15/2011 11:42:52 AM
Perched at its 52-week high today following considerable volume-driven gains. Noted in recent mid-day reports - "Sales and earnings growth history has been erratic and below guidelines."
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SEC |
News |
Chart | C
A N
S L
I M
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CLH
- NYSE - Pollution Control
Clean Harbors Inc
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$93.28 |
-1.13 -1.20%
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$96.05
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$96.05
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-2.88% |
184,573 98.28%
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187,800
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Most Recent Note for CLH - 3/15/2011 11:45:19 AM
Touched a new all-time high today, then pulled back into the red. Consolidating above its 50 DMA line, holding its ground since 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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SEC |
News |
Chart | C
A N
S L
I M
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DKS
- NYSE - SPECIALTY RETAIL - Sporting Goods Stores
Dicks Sporting Goods Inc
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$40.38 |
-0.73 -1.78%
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$40.78
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$41.32
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-2.27% |
744,169 61.80%
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1,204,100
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Most Recent Note for DKS - 3/15/2011 11:50:37 AM
Holding its ground near all-time highs after a recent spurt of volume-driven gains helped it rally above the $38 resistance after rallying above its 2007 all-time high ($36.77). Prior mid-day reports noted - "It has earned high ranks, but its annual earnings (A criteria) history has been below guidelines and not been especially strong, while its sales revenues increases have been in the +9% range in recent quarterly comparisons."
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I M
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FCFS
- NASDAQ - Finance-Consumer Loans
FirstCash Holdings Inc
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$34.61 |
+1.71
5.20%
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$34.69
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$34.69
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-0.23% |
154,038 105.58%
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145,900
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Most Recent Note for FCFS - 3/15/2011 11:53:10 AM
Powered to a new 52-week high today after overcoming early weakness, and no resistance remains due to overhead supply now. Recently found support after briefly violating its 50 DMA line again, and that important short-term average defined a support level during its ascent following a technical breakout on 7/22/10. Reported earnings +37% on +17% sales revenues for the quarter ended December 31, 2010 versus the year ago period, and similar increases for the September period. Prior quarterly comparisons' earnings and sales increases were borderline or below the guidelines of the fact-based investment system. Its annual earnings (A criteria) history appears to have been steady, but prior notes in mid-day reports in Dec '08 and Apr '09 cited "fundamental concerns." This previously featured stock was dropped from the CANSLIM.net Featured Stocks list on 2/27/07.
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A N
S L
I M
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RAVN
- NASDAQ - ELECTRONICS - Printed Circuit Boards
Raven Industries
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$55.10 |
+0.97
1.79%
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$55.11
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$56.55
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-2.56% |
34,190 62.28%
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54,900
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Most Recent Note for RAVN - 3/15/2011 12:28:19 PM
Perched only -2% off its 52-week high today. Holding its ground stubbornly despite recent distributional pressure. The 4 latest quarterly comparisons showed strong sales revenues and earnings increases (satisfying the C criteria) after a streak of negative comparisons. A downward turn in FY '10 earnings is a flaw with respect to the annual earnings history (A criteria) guidelines. Low consensus earnings estimates for FY '12 and FY '13 are additional concerns
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RL
- NYSE - CONSUMER NON-DURABLES - Textile - Apparel Clothing
Ralph Lauren Corp Cl A
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$122.14 |
-1.58 -1.28%
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$122.16
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$128.56
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-4.99% |
847,229 91.93%
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921,600
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Most Recent Note for RL - 3/15/2011 12:34:29 PM
Small gap down today, pulling back -5.5% from its 52-week high. Slumping under recent lows toward its 50 DMA line and earlier highs in the $115 area defining chart support. Reported earnings +56% on +24% sales revenues for the quarter ended December 31, 2010 versus the year ago period. Earnings increases were above the +25% guideline in 3 of the past 4 comparisons and it has maintained a good annual earnings (A criteria) 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.
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