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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, MARCH 16TH, 2011
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DOW 11656.44 -198.98 (-1.68%) | NASDAQ 2627.11 -40.22 (-1.51%) | S&P 500 1263.14 -18.73 (-1.46%)
Time of Screening : 3/16/2011 12:31:02 PM         Report Released : 3/16/2011 2:00:29 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
Max Buy
MG - NYSE
Mistras Group Inc
$16.31 -0.00
-0.01%
$16.60 114,821
120.74% of 50 DAV
50 DAV is 95,100
$16.60
-1.76%
3/15/2011 $15.48 PP = $15.90
MB = $16.70
Most Recent Note - 3/16/2011 1:38:52 PM
Y - Holding its ground today. It triggered a technical buy signal after noted in the 3/15/11 mid-day report - "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." See the FSU analysis for additional details and an annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/15/2011. Click here.
View all notes | Alert me of new notes | Company Profile | SEC | News | ChartC A N S L I M
PAY - NYSE
Paymentus Holdings
$52.22 +0.76
1.48%
$52.77 1,444,236
78.29% of 50 DAV
50 DAV is 1,844,700
$52.77
-1.04%
1/27/2011 $41.77 PP = $44.97
MB = $47.22
Most Recent Note - 3/16/2011 1:44:15 PM
G - Perched at its all-time high today after overcoming early weakness on the prior session and finishing strong. Repeatedly noted - "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.
View all notes | Alert me of new notes | Company Profile | SEC | News | ChartC A N S L I M

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
$65.31 +0.12
0.18%
$66.20 $66.20 -1.34% 66,568
62.56%
106,400
Most Recent Note for AIRM - 3/16/2011 12:31:58 PM
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."
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
ARLP - NASDAQ - METALS & MINING - Nonmetallic Mineral Mining
Alliance Res Partners Lp
$76.41 +1.31
1.74%
$77.00 $78.16 -2.24% 91,722
81.10%
113,100
Most Recent Note for ARLP - 3/16/2011 12:34:57 PM
Perched at its 52-week high today. It found support near its 50 DMA line and continued rising since last noted in the 2/22/11 mid-day report and in the 1/19/11 mid-day report, as that short-term average defines a level where institutional investors tend to accumulate shares when the outlook for a company is still considered favorable. Earlier reports noted - "This MLP in the Energy - Coal industry has a quarterly and annual earnings history that has not been strong and steady."
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
ARUN - NASDAQ - COMPUTER HARDWARE - Networking & Communication Dev
Aruba Networks Inc
$32.01 +0.60
1.91%
$33.01 $33.01 -3.03% 2,069,823
68.39%
3,026,400
Most Recent Note for ARUN - 3/16/2011 12:45:37 PM
Touched another new high earlier today after holding its ground following a considerable 2/18/11 gap up, but it is extended from a sound base. It found support above prior highs and its 50 DMA line during its consolidation after prior mid-day reports noted - "Patient investors may watch for a new base to form rather than chasing it after the big breakaway gap." Its strong earnings history satisfies the C and A criteria while it has been a leader (L criteria) in the computer networking industry, a group which led the tech sector in the latest rally.
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BTU - NYSE - METALS & MINING - Industrial Metals & Minerals
Peabody Energy Corp
$68.17 +3.04
4.67%
$69.13 $70.74 -3.63% 8,925,673
191.69%
4,656,300
Most Recent Note for BTU - 3/16/2011 12:52:34 PM
Gapped up today, challenging its recent highs after dip below its 50 DMA line. It was noted on 11/19/10 for "sub par fundamentals". Mention in the 3/14/11 market commentary (read here) as coal and solar energy-related companies benefited while investors looked for alternatives. It survived but failed to impress since long-ago noted on 10/26/07 - "Previously featured issue was dropped from the CANSLIM.net Featured Stocks list on 5/22/2006."
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CAT - NYSE - MANUFACTURING - Farm & Construction Machinery
Caterpillar Inc
$101.70 +0.95
0.94%
$102.61 $105.86 -3.93% 5,804,770
92.95%
6,244,900
Most Recent Note for CAT - 3/16/2011 12:57:06 PM
Well known firm in the Machinery - Construction/Mining industry has been recently finding support near its 50 DMA line. It rallied 5- fold from the March 2009 lows. Prior mid-day reports noted - "Earnings and sales growth in recent quarterly comparisons showed improvement after a drastic downturn in recent years."
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CBI - NYSE - MATERIALS & CONSTRUCTION - General Contractors
Chicago Bridge & Iron Co
$36.93 -0.13
-0.35%
$38.18 $38.18 -3.27% 921,471
92.46%
996,600
Most Recent Note for CBI - 3/16/2011 12:58:42 PM
Touched a new high today then reversed into the red. Recent mid-day reports at the beginning of March 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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CLH - NYSE - Pollution Control
Clean Harbors Inc
$96.50 +1.21
1.27%
$98.13 $98.13 -1.66% 203,543
104.49%
194,800
Most Recent Note for CLH - 3/16/2011 1:00:17 PM
Inching to new all-time highs this week after consolidating above its 50 DMA line. Held its ground stubbornly 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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CPSI - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services
Computer Programs & Sys
$56.76 +0.22
0.39%
$58.48 $59.04 -3.86% 68,265
77.93%
87,600
Most Recent Note for CPSI - 3/16/2011 1:01:24 PM
Recent mid-day reports have noted - "Sales revenues and earnings increases solidly improved in the December 2010 quarter, but prior quarterly and annual earnings (A criteria) history has been sub par. Hit a new 52-week high this week after a brief consolidation during which it stayed well above prior highs and its 50 DMA line."
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
CSX - NYSE - TRANSPORTATION - Railroads
C S X Corp
$74.45 -0.30
-0.39%
$75.13 $76.28 -2.41% 2,045,637
57.98%
3,528,200
Most Recent Note for CSX - 3/16/2011 1:11:45 PM
Stayed well above its 50 DMA line during its steady rally from September lows near $50 on above its 2008 high ($70) and further. Annual earnings history (A criteria) has not been strong and steady. Long ago, weak technical action prompted its removal from the Featured Stocks list on 7/02/08 after it made limited progress since the 5/01/08 analysis with annotated graph was published (read here). It actually made good progress after it gapped up and was first featured in the 4/16/08 CANSLIM.net Mid-Day BreakOuts Report rising from a "3-weeks tight" type of chart pattern (read here).
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CTCT - NASDAQ - MEDIA - Advertising Services
Constant Contact Inc
$30.98 +0.61
2.01%
$31.58 $32.39 -4.35% 196,665
58.12%
338,400
Most Recent Note for CTCT - 3/16/2011 1:24:51 PM
Sales revenues increases show steady sequential deceleration from +55%, +49%, +47%, +43%, +40%, +37%, +34%, to +30% from the Mar '09 through the latest Dec '10 quarterly comparison(s) versus the respective year(s) earlier. It has shown good annual earnings increases since FY '08 and (A criteria) and great earning improvement in recent quarterly comparisons. Very little overhead supply remains to act as resistance up through the $32 level, meanwhile it has been enduring distributional pressure while building a choppy 13-week base. Increasing ownership by top-rated funds is a reassuring sign (I criteria), rising from 241 in Mar '10 to 293 in Dec '10.
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DKS - NYSE - SPECIALTY RETAIL - Sporting Goods Stores
Dicks Sporting Goods Inc
$39.95 -0.05
-0.13%
$40.26 $41.32 -3.32% 781,633
63.23%
1,236,200
Most Recent Note for DKS - 3/16/2011 1:25:43 PM
Hovering 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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FCFS - NASDAQ - Finance-Consumer Loans
FirstCash Holdings Inc
$35.50 +0.14
0.40%
$36.48 $36.48 -2.69% 114,681
75.30%
152,300
Most Recent Note for FCFS - 3/16/2011 1:27:24 PM
Touched another new high today. The 3/15/11 mid-day report noted - "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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GMCR - NASDAQ - FOOD & BEVERAGE - Processed & Packaged Goods
Green Mtn Coffee Roastrs
$61.28 +2.29
3.88%
$62.21 $62.37 -1.75% 3,250,838
70.04%
4,641,500
Most Recent Note for GMCR - 3/16/2011 1:30:42 PM
Perched near its all-time high, extended from any sound base and stubbornly holding its ground since a considerable gap up on 3/10/11 after news of a deal with Starbucks Corp (SBUX). The 3/11/11 mid-day report noted - "In recent weeks it had rallied above prior resistance in the $37-38 area, yet it had sputtered below its 50 DMA line since noted in the 11/30/10 mid-day report as it touched a new all-time high after a very choppy 9-week consolidation that included a brief trip below its 200 DMA line. It has maintained a very strong sales revenues and earnings growth history solidly satisfying the C and A criteria. This previously featured leader was dropped from the Featured Stocks list on 10/01/10."
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GPOR - NASDAQ - ENERGY - Oil &; Gas Drilling &; Explorati
Gulfport Energy Corp
$30.89 +1.15
3.86%
$32.02 $32.02 -3.53% 807,367
152.42%
529,700
Most Recent Note for GPOR - 3/16/2011 1:34:01 PM
Hit new 52-week and all-time highs today, rallying promptly from support at its 50 DMA line with a 3rd consecutive volume-driven gain. 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. Since last noted in the 12/06/10 mid-day report it proposed another Secondary Offering on 12/14/10. It was dropped from the Featured Stocks list on 11/8/07, very soon after it had been featured in the October '07 CANSLIM.net News (read here). It completed a Public Offering on 5/14/10 and at least one other offering following the three offerings visible on the chart in the old report. As previously noted - "Cynical analysts might ask how many times this OK-based Oil/Gas firm might 'go to the well' for more investor money."
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JAZZ - NASDAQ - DRUGS - Biotechnology
Jazz Pharmaceuticals Plc
$29.33 +0.34
1.17%
$29.82 $29.82 -1.64% 611,813
78.41%
780,300
Most Recent Note for JAZZ - 3/16/2011 1:36:52 PM
Touched another new all-time high today with its 14th gain in 16 sessions. When hitting a new high following an orderly flat base above its 50 DMA line, the 2/15/11 mid-day report noted - "It doesn't have any profitable years (A criteria) in its past, yet recent quarterly comparisons showed greatly improved sales revenues and earnings increases versus year ago losses. The Medical - Ethical Drugs firm went through a deep consolidation since last noted in the 3/19/10 mid-day report that it - 'Rose more than 20-fold from its low of $0.52 in April 2009.'"
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ODFL - NASDAQ - TRANSPORTATION - Trucking
Old Dominion Fght Lines
$33.78 +0.95
2.89%
$34.09 $34.09 -0.91% 337,866
70.33%
480,400
Most Recent Note for ODFL - 3/16/2011 1:41:31 PM
Hit a new 52-week high today. Rallying back after a slump below its 50 DMA line since last noted in the 11/19/10 mid-day report - "Recent quarterly comparisons show improving sales and earnings after a streak of 5 negative comparisons and a downward turn in FY '08 and '09 earnings (A criteria)."
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
PLCM - NASDAQ - TELECOMMUNICATIONS - Processing Systems & Products
Polycom Inc
$50.50 +1.71
3.50%
$50.87 $50.87 -0.73% 1,033,473
87.56%
1,180,300
Most Recent Note for PLCM - 3/16/2011 1:47:28 PM
Touched another new 52-week high today with a 4th consecutive gain on ever-increasing volume following a near 5-week flat base. Prior mid-day reports noted - "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."
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
TAL - NYSE - DIVERSIFIED SERVICES - Rental &; Leasing Services
Tal International Group
$35.49 -0.36
-1.00%
$36.52 $37.23 -4.67% 192,985
118.83%
162,400
Most Recent Note for TAL - 3/16/2011 1:53:35 PM
Recently found great support above its 50 DMA line while enduring some distributional pressure. Last noted in the 3/11/11 mid-day report and a few earlier reports this year- "Recent quarterly comparisons show improving sales and earnings but it annual earnings (A criteria) growth history has not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system."

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UAM - NYSE - INSURANCE - Accident &; Health Insurance
Universal American Finl
$21.37 +0.23
1.09%
$21.37 $21.55 -0.84% 240,976
63.97%
376,700
Most Recent Note for UAM - 3/16/2011 1:57:47 PM
Holding its ground since gapping up on 12/31/10 news it will sell its Medicare Prescription Drug unit to CVS Caremark Corp (CVS). In July 2010 mid-day reports it was noted - "Sales and earnings history are below the investment system guidelines."
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  

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