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 MIDDAY BREAKOUTS REPORT - THURSDAY, MARCH 29TH, 2012
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DOW 13072.67 -53.54 (-0.41%) | NASDAQ 3076.41 -28.55 (-0.92%) | S&P 500 1395.13 -10.41 (-0.74%)
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Time of Screening :
3/29/2012 12:14:30 PM Report Released :
3/29/2012 1:34:26 PM
Price is:
Above 52W High and Less Than 52W High
but within 8% 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 |
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Max Buy |
ALLT
- NASDAQ
Allot Communications Ltd
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$22.21
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+0.05
0.23%
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$22.75
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225,309
58.74% of 50 DAV
50 DAV is 383,600
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$23.30
-4.68%
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3/13/2012 |
$19.72
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PP = $18.91
MB = $19.86 |
Most Recent Note - 3/29/2012 12:20:11 PM
G - Holding its ground today following an outside "negative reversal" on the prior session for a loss on above average volume after touching a new 52-week high. Prior highs near $18-19 define initial support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/19/2012. Click here.
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NTES
- NASDAQ
Netease Inc Adr
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$57.43
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-1.97
-3.31%
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$58.48
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406,852
61.63% of 50 DAV
50 DAV is 660,200
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$60.47
-5.04%
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3/19/2012 |
$56.18
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PP = $55.10
MB = $57.86 |
Most Recent Note - 3/29/2012 1:14:18 PM
G - Up from earlier lows after briefly trading below its "max buy" level, however it is pulling back today for a 3rd consecutive loss following a streak of 4 consecutive volume-driven gains. It is extended from its prior base. Its old highs in the $55 area define initial support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/27/2012. Click here.
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TNGO
- NASDAQ
Tangoe Inc
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$19.36
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+0.35
1.84%
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$19.71
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3,791,397
876.02% of 50 DAV
50 DAV is 432,800
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$20.05
-3.44%
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3/27/2012 |
$19.35
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PP = $20.00
MB = $21.00 |
Most Recent Note - 3/29/2012 1:19:55 PM
Y - Today's volume-driven gain has it nearly challenging its 52-week high and its new pivot point, poised for a possible best-ever close. On 3/27/12 it was noted - "Latest consolidation above support at its 50 DMA line may be considered a 'square box' base. A new pivot point is cited based on its 2/24/12 high plus 10 cents while its color code is changed to yellow. A subsequent volume-driven gain with at least +40% above average volume may trigger a new (or add-on) technical buy signal."
>>> The latest Featured Stock Update with an annotated graph appeared on 2/14/2012. Click here.
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UA
- NYSE
Under Armour Inc Cl A
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$91.77
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-4.11
-4.29%
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$94.42
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737,809
60.01% of 50 DAV
50 DAV is 1,229,500
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$99.35
-7.63%
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2/15/2012 |
$85.77
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PP = $84.86
MB = $89.10 |
Most Recent Note - 3/29/2012 1:28:33 PM
G - Pulling back from its all-time highs today with a 3rd consecutive loss. It is extended from its last sound base pattern and recent gains above its pivot point did not have volume sufficient to trigger a proper technical buy signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/15/2012. Click here.
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
ANIK
- NASDAQ - DRUGS - Biotechnology
Anika Therapeutics Inc
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$12.16 |
-0.21
-1.70%
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$12.32
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$12.95
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-6.10% |
45,560
62.93%
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72,400
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Most Recent Note for ANIK - 3/29/2012 12:23:57 PM
Volume totals have been cooling while consolidating above prior highs following a recent rally to new 52-week highs with volume-driven gains. This low-priced stock was noted in prior mid-day reports - "Reported strong results for the quarter ended December 31, 2011, making it 3 consecutive quarterly comparisons (C criteria) above the +25% minimum earnings guideline. Its up and down annual earnings (A criteria) history remains a fundamental concern. Bullish action has continued after it appeared in 5 mid-day reports during February noted - 'Quarterly and annual earnings history has been below the investment system's guidelines.'"
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BUD
- NYSE - FOOD & BEVERAGE - Beverages - Brewers
Anheuser-Busch Inbev Adr
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$71.29 |
-1.05
-1.45%
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$71.90
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$73.49
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-3.00% |
1,168,637
95.19%
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1,227,700
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Most Recent Note for BUD - 3/29/2012 12:26:10 PM
Pulling back for a 3rd consecutive loss today, retreating from a new all-time high hit Monday. The 3/16/12 mid-day report noted - "Extended from any sound base pattern. Quarterly comparisons have not shown strong and steady sales revenues and earnings increases."
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CKEC
- NASDAQ - MEDIA - Movie Production, Theaters
Carmike Cinemas Inc
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$13.57 |
+0.07
0.52%
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$13.57
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$13.82
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-1.81% |
56,288
62.82%
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89,600
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Most Recent Note for CKEC - 3/29/2012 12:27:44 PM
Holding its ground near its 52-week high today after a recent impressive spurt of volume-driven gains. It is very extended from any sound base pattern. Strong action came in recent weeks as the company provided encouraging guidance and received an analyst upgrade, however prior mid-day reports repeatedly noted - "Fundamentals still are not a match with the investment system's guidelines. It survived but failed to impress since noted in the 10/14/09 mid-day report - 'Poor annual earnings history.'"
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CNC
- NYSE - HEALTH SERVICES - Health Care Plans
Centene Corp
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$47.29 |
-0.44
-0.92%
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$48.05
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$50.36
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-6.10% |
374,557
61.95%
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604,600
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Most Recent Note for CNC - 3/29/2012 12:31:19 PM
Powered above its 50 DMA line on Monday with a volume-driven gain. It had wedged higher then encountered distributional pressure since last noted in the 2/07/12 mid-day report after a spurt of volume-driven gains - "Quarterly sales and earning increases have been up and down and its annual earnings history is also a concern, so the C & A criteria are not a match with the fact-based system's guidelines. This previously featured stock was dropped from the CANSLIM.net Featured Stocks list on 7/27/05."
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DG
- NYSE - RETAIL - Discount, Variety Stores
Dollar General Corp
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$46.26 |
+0.26
0.57%
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$46.45
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$47.59
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-2.79% |
2,003,607
94.34%
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2,123,800
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Most Recent Note for DG - 3/29/2012 12:33:20 PM
Completed another Secondary Offering on 3/27/12 while perched at an all-time high, extended from any sound base. Prior mid-day reports noted - "Reported earnings +38% on +20% sales revenues for the quarter ended January 31, 2012 versus the year ago period, showing encouraging acceleration in sequential quarterly sales and earnings increases. Its fundamentals (C & A criteria) are now resembling past great winners, and patient investors may watch for secondary buy points to possibly develop and be noted. Gapped up today and hit a new all-time high with another volume-driven gain. Secondary Offerings were completed on 9/08/11 and on 12/07/11. Its 50 DMA line acted as a support level throughout its ongoing advance, however it is too extended from any sound base pattern to meet the fact-based system's technical guidelines for buy candidates. "
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DXPE
- NASDAQ - WHOLESALE - Industrial Equipment Wholesale
D X P Enterprises Inc
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$43.14 |
-0.92
-2.08%
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$43.93
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$45.90
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-6.01% |
52,702
61.35%
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85,900
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Most Recent Note for DXPE - 3/29/2012 12:36:54 PM
Pulling back today for a 3rd consecutive loss from its 52-week high hit on Monday, encountering distributional pressure. The 3/02/12 mid-day report noted after rallying from a tight 4-week consolidation above its 50 DMA line and prior highs - "No resistance remains due to overhead supply. Reported earnings +56% on +29% sales revenues for the quarter ended December 31, 2011 versus the year ago period. Recent quarterly earnings increases above the +25% guideline satisfy the C criteria, but its up and down annual earnings (A criteria) history is a concern. Based on weak action it was dropped from the Featured Stocks list on 10/03/08 and fundamentals deteriorated afterward while it slumped from above $21 to as low as $8.57 before rebounding."
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FINL
- NASDAQ - RETAIL - Apparel Stores
Finish Line Inc Cl A
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$25.02 |
-0.33
-1.30%
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$25.36
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$26.16
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-4.36% |
454,529
65.23%
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696,800
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Most Recent Note for FINL - 3/29/2012 12:45:10 PM
Holding its ground after volume-driven gains early this week for a new 52-week high. In recent months it rebounded again from below its 50 DMA and 200 DMA lines and reached new high territory. The Aug and Nov '11 quarterly comparisons showed earnings increases above the +25% minimum guideline, but with sub par sales revenues increases in the +8-10% range. The 10/05/11 mid-day report noted - "Sales revenues and earnings increases in recent quarterly comparisons have been below the guidelines of the fact-based investment system."
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FOSL
- NASDAQ - CONSUMER DURABLES - Recreational Goods, Other
Fossil Group Inc
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$131.43 |
-1.22
-0.92%
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$135.98
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$135.98
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-3.35% |
724,258
61.26%
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1,182,300
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Most Recent Note for FOSL - 3/29/2012 12:54:43 PM
Recently inched to new 52-week and all-time high territory with small gains backed by light volume and, technically, no overhead supply remains to act as resistance. Fundamentally, it reported a sub par earnings increase +9% in the Sep '11 quarter, and its sales revenues increases have shown sequential deceleration. Damaging losses led to a deep correction below its 200 DMA line after the previously noted technical sell signal. It was last noted on 8/05/11 when dropped from the Featured Stocks list. Bullish action in January and February helped it rebound from below its 50 & 200 DMA lines.
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FUL
- NYSE - CHEMICALS - Specialty Chemicals
Fuller H B Co
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$32.69 |
+1.03
3.25%
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$33.40
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$33.40
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-2.13% |
471,494
102.10%
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461,800
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Most Recent Note for FUL - 3/29/2012 1:05:04 PM
Considerable gain today with above average volume, hitting a new 52-week high, rallying from a short "square box" base pattern above its 50 DMA line and well above prior highs in the $25 area. Reported earnings +52% on +11% sales revenues for the quarter ended February 29, 2012 versus the year ago period. Quarterly earnings comparisons have reasonably satisfied the C criteria now. Its annual earnings (A criteria) history has steadily improving since a downturn in FY '08, however much higher earnings in FY '07 cause its 5-year earnings "Growth Rate" to only be +3%.
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INWK
- NASDAQ - DIVERSIFIED SERVICES - Business/Management Services
Innerworkings Inc
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$11.68 |
-0.29
-2.42%
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$11.85
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$12.24
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-4.58% |
181,838
74.43%
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244,300
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Most Recent Note for INWK - 3/29/2012 1:08:19 PM
Churning above average volume this week while making no meaningful price progress this week. Perched within close striking distance of its 52-week high, it held its ground while enduring distributional pressure in recent weeks while prior mid-day reports noted - "Recent quarterly comparisons show strong sales revenues and earnings increases but its annual earnings (A criteria) history has been up and down and below the fact-based investment system's guidelines. The Commercial Services - Document Management firm is from a low-ranked group on the 197 Industry Groups list, whereas the strongest leaders typically are found in the top quartile of groups."
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MLNX
- NASDAQ - ELECTRONICS - Semiconductor - Broad Line
Mellanox Technologies
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$41.39 |
-0.47
-1.12%
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$41.69
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$42.08
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-1.64% |
173,116
58.41%
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296,400
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Most Recent Note for MLNX - 3/29/2012 1:11:48 PM
Found support above its 50 DMA line when enduring recent distributional pressure, then rallied to new 52-week and all-time highs since last noted in the 2/16/12 mid-day report - "Showed better sales revenues and earnings increases in the Sep and Dec '11 quarters, however prior quarterly comparisons and its up and down annual history are below the C and A guidelines of the fact-based system."
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PCLN
- NASDAQ - INTERNET - Internet Software & Services
Priceline.com Inc
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$711.11 |
-7.09
-0.99%
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$721.84
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$736.92
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-3.50% |
566,572
60.18%
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941,500
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Most Recent Note for PCLN - 3/29/2012 1:15:15 PM
Hovering near its 52-week high today, extended from any sound base pattern. Reported earnings 58% on +35% sales revenues for the quarter ended December 31, 2011 versus the year ago period. No base has formed since noted in the 3/07/12 mid-day report "Technically, it broke out on 2/13/12 with a volume-driven gain, and now it is getting extended from its prior base. Fundamentals have remained strong since dropped from the Featured Stocks list on 9/29/11. Patient investors may watch for secondary buy points to possibly develop and be noted."
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PVH
- NYSE - CONSUMER NON-DURABLES - Textile - Apparel Clothing
P V H Corp
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$87.77 |
-0.87
-0.98%
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$88.88
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$92.40
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-5.01% |
581,587
77.65%
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749,000
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Most Recent Note for PVH - 3/29/2012 1:17:00 PM
Churning above average volume this week while perched at its 52-week high, extended from any sound base pattern. Reported earnings +27% on +10% sales revenues for the quarter ended January 31, 2012 versus the year ago period. Prior mid-day reports noted - "Its FY '09 and FY '10 earnings dipped after showing great annual earnings growth in prior years. Earnings rose +13% on +9% sales revenues for the quarter ended October 31, 2011 versus the year ago period, below the investment system's guidelines concerning the C criteria."
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TNH
- NYSE - CHEMICALS - Agricultural Chemicals
Terra Nitrogen Co Lp
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$238.18 |
-6.77
-2.76%
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$244.75
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$250.00
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-4.73% |
47,051
60.71%
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77,500
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Most Recent Note for TNH - 3/29/2012 1:23:43 PM
Perched near its 52-week high and all-time high hit when wedging higher earlier this week with gains lacking great volume conviction. Reported earnings +48% on +41% sales revenues for the quarter ended December 31, 2011 versus the year ago period. Last noted in the 2/29/12 mid-day report - "Recent gains cleared the old high that it hit when noted in the 8/31/11 mid-day report - 'Reported earnings +78% on +19% sales revenues for the quarter ended June 30, 2011 versus the year ago period and recent quarters were strong, but its up and down annual earnings (questionable A) history remains a fundamental concern. There is a small supply of only 4.26 million shares in its float, which can contribute to greater price volatility in the event of institutional buying or selling.'"
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TYC
- NYSE - CONGLOMERATES - Conglomerates
Tyco International Ltd
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$55.59 |
-0.22
-0.39%
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$56.02
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$56.66
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-1.89% |
2,077,542
68.51%
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3,032,400
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Most Recent Note for TYC - 3/29/2012 1:27:14 PM
Holding its ground near its 52-week high today following a considerable gap up gain on heavy volume on the prior session. Quarterly and annual earnings and sales revenues growth history remains below the investment system's guidelines. It survived but failed to impress since last noted in the 2/06/07 mid-day report.
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WCG
- NYSE - HEALTH SERVICES - Health Care Plans
Wellcare Health Plans
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$68.87 |
-0.98
-1.40%
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$70.74
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$71.54
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-3.73% |
415,387
60.54%
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686,100
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Most Recent Note for WCG - 3/29/2012 1:30:11 PM
Hovering near its 52-week high today. Recently found support above its 50 DMA line while consolidating and holding its ground following a considerable 2/15/12 gap up gain for a new 52-week high. Reported earnings +203% on +18% sales revenues for the quarter ended Dec 31, 2011 versus the year ago period. . Noted in prior mid-day reports - "Reported earnings +142% on +11% sales revenues for the quarter ended September 30, 2011 versus the year ago period. Leadership in the Medical - Managed Care industry group (L criteria) has contributed greatly to its recent performance. Recent quarterly comparisons show improving sales revenues and big earnings improvements, but its annual earnings (A criteria) history is below the investment system guidelines. "
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WFM
- NASDAQ - RETAIL - Grocery Stores
Whole Foods Market Inc
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$82.67 |
-2.92
-3.41%
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$84.50
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$86.35
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-4.26% |
1,620,597
102.69%
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1,578,200
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Most Recent Note for WFM - 3/29/2012 1:34:06 PM
Down today with above average volume. It recently wedged into new 52-week high territory with gains lacking great volume conviction. It is extended from prior highs in the $74 area, yet no resistance remains due to overhead supply. Quarterly comparisons have shown strong earnings increases above the +25% guideline. Its annual earnings (A criteria) history has been improving since a downturn in FY '08.
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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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not endorse or recommend any securities or other investments.
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be suitable for all investors and it is not to be deemed
an offer or solicitation on our part with respect to
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