Mid-Day Breakouts Report - Wednesday, March 23rd, 2011

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, MARCH 23RD, 2011
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DOW 12043.34 24.71 (0.21%) | NASDAQ 2685.26 1.31 (0.05%) | S&P 500 1292.59 -1.18 (-0.09%)

Time of Screening : 3/23/2011 11:39:15 AM Report Released : 3/23/2011 12:54:39 PM
Price is: Above 52W High and Less Than 52W High but within 10% 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
BIDU - NASDAQ Baidu Inc Ads	$129.54	+2.45 1.93%	$129.58	3,848,119 57.57% of 50 DAV 50 DAV is 6,684,600	$131.63 -1.59%	3/17/2011	$121.97	PP = $131.73 MB = $138.32
Most Recent Note - 3/23/2011 12:03:23 PM Y - Gain today has it poised for a possible best-ever close and within close striking distance of its all-time high and latest pivot point. It may be considered a riskier "late stage" set-up. Volume-driven gains above its pivot point and a new rally with follow-through day from at least one of the major averages (M criteria) are necessary first in order to justify new (or add-on) buying efforts under the system's guidelines. Its 50 DMA line defines important chart support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 3/9/2011. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AH - NYSE - HEALTH SERVICES -Healthcare Information Service Accretive Health Inc	$25.02	-0.22 -0.87%	$25.46	$26.34	-5.01%	142,958 57.55%	248,400
Most Recent Note for AH - 3/23/2011 11:40:12 AM The 3/17/11 mid-day report noted - "Perched near its 52-week high, extended from a sound base while up more than +100% from its 5/20/10 IPO at $10 per share. Sales revenues and earnings increases in the December 31, 2010 quarter showed improvement, but its prior earnings history has been below the fact-based investment system's guidelines."
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AIXG - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Aixtron Se	$40.50	-1.19 -2.85%	$40.97	$44.96	-9.92%	268,980 98.02%	274,400
Most Recent Note for AIXG - 3/23/2011 11:51:44 AM It may be building a base now above prior resistance in the $38 area, but it has undercut its 50 DMA line since lasted noted in the 3/09/11 mid-day report. This German firm is a high-ranked Electronics - Semiconductor Equipment company that has shown impressive earnings growth in recent years. Quarterly sales and earnings results in recent comparisons have been strong enough to satisfy the C criteria but showing sequential deceleration. Consensus earnings estimates calling for FY '11 earnings to grow by only +4% are also cause for some concern.
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CRVL - NASDAQ - Comml Svcs-Healthcare Corvel Corp	$49.98	-1.62 -3.14%	$51.28	$52.40	-4.62%	31,410 79.72%	39,400
Most Recent Note for CRVL - 3/23/2011 12:15:29 PM Perched near its 52-week high, it recently found support near its 50 DMA line and rallied further above its 2007 all-time high. Quarterly and annual earnings history (C and A criteria) has not been strong and steady enough to meet the investment system's guidelines.
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EPL - NYSE - ENERGY - Independent Oil & Gas E P L Oil & Gas Inc	$16.48	+0.29 1.79%	$16.52	$16.88	-2.37%	146,162 60.77%	240,500
Most Recent Note for EPL - 3/23/2011 12:17:53 PM Recently rebounded from below its 50 DMA line and it has rallied within -2.3% of its 52-week high. Earnings and sales revenues history are below the fact-based investment system's guidelines.
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FSTR - NASDAQ - WHOLESALE - Basic Materials Wholesale L B Foster Company	$41.82	+0.57 1.37%	$41.98	$42.30	-1.13%	33,388 73.87%	45,200
Most Recent Note for FSTR - 3/23/2011 12:21:26 PM Rebounded above its 50 DMA line recently and with today's 7th consecutive gain and it is nearly challenging its 52-week high. Prior mid-day reports noted - "Earnings history is below guidelines after a downward turn in recent years. Based on weak technical action it was dropped from the Featured Stocks list on 1/11/08."
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GENT - NASDAQ - DRUGS - Drug Manufacturers - Other Gentium Spa Ads	$11.15	-0.15 -1.33%	$11.43	$11.43	-2.45%	31,004 69.52%	44,600
Most Recent Note for GENT - 3/23/2011 12:22:39 PM Up today for another new 52-week high. The 2 prior mid-day reports noted - "Gain today for a new 52-week high. This Italy-based Medical - Biomed/Biotech firm with minuscule but increasing sales revenues growth found support at its 50 DMA line during its consolidation since last noted in the 2/09/11 mid-day report - 'Recent quarterly comparisons show sales and earnings improving after a long history of losses. Low priced stocks are discouraged under the investment system guidelines.'"
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GPOR - NASDAQ - ENERGY - Oil &; Gas Drilling &; Explorati Gulfport Energy Corp	$30.95	-1.25 -3.89%	$31.96	$34.26	-9.66%	573,985 93.09%	616,600
Most Recent Note for GPOR - 3/23/2011 12:24:17 PM Pulling back today from an all-time high hit on the prior session before it negatively reversed. Proposed an additional Public Offering on 3/21/11 and the mid-day report noted - "Extended from any sound base. Rallied promptly from support at its 50 DMA line, and consecutive volume-driven gains prompted prior mid-day report appearances while it was 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.'"
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NFLX - NASDAQ - SPECIALTY RETAIL - Music & Video Stores Netflix Inc	$225.49	+4.10 1.85%	$225.95	$247.55	-8.91%	3,562,153 61.38%	5,803,700
Most Recent Note for NFLX - 3/23/2011 12:39:31 PM Rallying back well above its 50 DMA line recently, helping its outlook improve, however after a -23.7% pullback from its 2/14/11 all-time high it has not formed a sound new base pattern within the investment system's guidelines. For now, the M criteria also argues against any new buying efforts until a new confirmed rally with a follow-through day. Based on weakness it was dropped from the Featured Stocks list on 3/03/11 and subsequently slumped below its 50 DMA line a prior high close ($205.90 on 11/30/10) previously noted before rebounding.
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NNBR - NASDAQ - MANUFACTURING - Machine Tools & Accessories N N Inc	$15.63	+0.01 0.06%	$15.68	$15.78	-0.95%	95,344 59.18%	161,100
Most Recent Note for NNBR - 3/23/2011 12:40:50 PM Making its 3rd consecutive mid-day report appearance, holding its ground near its 52-week high today. It went through a choppy consolidation since noted in the 1/11/11 mid-day report - "Recent quarterly comparisons show improving sales and earnings after big losses in FY '09."
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TORM - NASDAQ - CHEMICALS - Synthetics Tor Minerals Intl Inc	$20.00	+1.48 7.99%	$21.89	$21.89	-8.63%	43,994 148.63%	29,600
Most Recent Note for TORM - 3/23/2011 12:43:36 PM Spiking to another new 52-week high today with a 4th consecutive gain with ever-increasing volume, extended from any sound base. Prior mid-day reports 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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TSU - NYSE - TELECOMMUNICATIONS - Telecom Services - Foreign T I M Participacoes Ads	$41.05	+0.74 1.82%	$41.18	$41.79	-1.78%	452,617 73.25%	617,900
Most Recent Note for TSU - 3/23/2011 12:48:02 PM Hit a new 52-week high today with a 4th consecutive gain. Recently found support near its 50 DMA line while consolidating. Prior mid-day reports noted - "Earnings history has been erratic and below guidelines. On the rise since technically breaking out on 1/11/11."
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TYPE - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Monotype Imaging Hldgs	$13.60	+0.00 0.00%	$13.66	$14.00	-2.86%	193,880 134.83%	143,800
Most Recent Note for TYPE - 3/23/2011 12:50:57 PM Found support above its 50 DMA line recently while consolidating since a considerable breakaway gap on 2/17/11 following earnings news. Prior mid-day reports have noted - "Sales and earnings history are below the fact-based system's guidelines."
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VRTS - NASDAQ - FINANCIAL SERVICES - Asset Management Virtus Investment Ptnrs	$57.00	-0.28 -0.49%	$57.34	$59.35	-3.96%	52,862 182.91%	28,900
Most Recent Note for VRTS - 3/23/2011 12:54:22 PM Earnings history is below the fact-based system's guidelines. Recently found support near its 50 DMA line and now rallying near its 52-week high with little resistance remaining due to overhead supply.
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