Mid-Day Breakouts Report - Monday, April 4th, 2011

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MIDDAY BREAKOUTS REPORT - MONDAY, APRIL 4TH, 2011
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DOW 12396.51 19.79 (0.16%) | NASDAQ 2787.92 -1.68 (-0.06%) | S&P 500 1331.96 -0.45 (-0.03%)

Time of Screening : 4/4/2011 11:45:22 AM Report Released : 4/4/2011 1:28:41 PM
Price is: Above 52W High and Less Than 52W High but within 7% of the 52 Week High
Volume Is: At least 75% 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
HS -	$40.15	+1.13 2.90%	$40.57	714,043 90.31% of 50 DAV 50 DAV is 790,700	$40.65 -1.23%	3/22/2011	$38.29	PP = $38.85 MB = $40.79
Most Recent Note - 4/4/2011 12:41:13 PM Y - Gapped up today, hitting new highs near its "max buy" level. The prior gain with above average volume cleared the previously cited pivot point triggering a new (or add-on) technical buy signal. The new Public Offering completed on 3/25/11 may hinder its upward progress for the near-term, however it has been attracting top-rated funds as owners (I criteria). >>> The latest Featured Stock Update with an annotated graph appeared on 3/23/2011. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AG - NYSE - METALS & MINING - Silver First Majestic Silver	$23.11	+1.53 7.11%	$23.60	$23.60	-2.06%	1,457,852 153.06%	952,500
Most Recent Note for AG - 4/4/2011 11:46:30 AM Gapped up again today and hit another new all-time high. It is extended from any sound base after a recently noted spurt of gains. The Vancouver, BC headquartered firm engaged in silver production in Mexico was noted in prior mid-day reports - "It found support above its 50 DMA line in the interim and has spurted higher with more volume-driven gains. On 12/15/10 it was listed on the NYSE. Recent quarterly comparisons showed solid sales and earnings increases but its annual earnings (A criteria) history has been below guidelines."
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AH - NYSE - HEALTH SERVICES -Healthcare Information Service Accretive Health Inc	$26.93	-0.73 -2.63%	$27.38	$28.10	-4.16%	288,628 75.30%	383,300
Most Recent Note for AH - 4/4/2011 11:56:27 AM Hovering near its 52-week high today. The 3/25/11 mid-day report noted - "Heavy volume after pricing a new Public Offering of 6.5 million shares. Stubbornly holding its ground since prior mid-day reports 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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ASMI - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate A S M International Adr	$40.51	+0.60 1.50%	$40.52	$41.92	-3.36%	113,724 119.71%	95,000
Most Recent Note for ASMI - 4/4/2011 11:57:26 AM Holding its ground after inching higher after recovering back above its 50 DMA line. It had violated that important short-term average just 2 days after noted in the 3/08/11 mid-day report -"It recently rallied well above its 2008 high ($33.60) after clearing it. Recent quarters show sales and earnings improving but prior history is below the fact-based system's guidelines. Quarterly and annual earnings results include blue triangles beside the reported earnings figures - the blue triangles are symbols indicating that pre-tax, non-recurring items were included (where possible, such items are normally removed to provide data better suited for comparison)."
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EW - NYSE - HEALTH SERVICES - Medical Appliances & Equipment Edwards Lifesciences Cp	$86.37	+0.30 0.35%	$88.62	$91.82	-5.94%	2,652,967 216.52%	1,225,300
Most Recent Note for EW - 4/4/2011 12:22:53 PM Churning above average volume while consolidating near support at its 50 DMA line. Its latest quarterly report showed slightly better earnings and sales revenues increases. Noted in prior mid-day reports - "The Medical - Products firm has a slow but steady annual earnings history. Quarterly sales revenues and earnings increases have been below guidelines. With respect to the N criteria, explosive sales revenues increases would be a true indication of great or growing demand for any company's products.'"
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FSRV - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Firstservice Corp	$39.06	-0.45 -1.14%	$39.68	$39.91	-2.13%	46,548 199.78%	23,300
Most Recent Note for FSRV - 4/4/2011 12:37:00 PM This Canadian Real Estate firm has recently rallied with volume-driven gains to new 52-week highs and rallied above its 2007 peak for a new all-time high last week. It found support at its 50 DMA line and steadily advanced since noted in the 10/27/10 mid-day report - "Historic earnings and sales revenues have been below guidelines of the fact-based investment system."
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GPOR - NASDAQ - ENERGY - Oil &; Gas Drilling &; Explorati Gulfport Energy Corp	$36.05	-0.99 -2.67%	$38.09	$38.09	-5.36%	880,272 103.60%	849,700
Most Recent Note for GPOR - 4/4/2011 12:38:07 PM After wedging to new all-time highs, today it reversed into the red. Traded heavy volume on 3/25/11 after pricing the previously noted additional Public Offering. Prior mid-day reports 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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INTX - NASDAQ - FINANCIAL SERVICES - Credit Services Intersections Inc	$12.45	+0.03 0.24%	$12.50	$12.50	-0.40%	25,760 97.95%	26,300
Most Recent Note for INTX - 4/4/2011 12:41:54 PM Perched at its 52-week high today with no resistance remaining due to overhead supply. Prior mid-day reports noted - "Quarterly earnings increases have been strong in recent comparisons although sales revenues increases have been only in the +1-7% range and its annual earnings (A criteria) history includes a downturn in FY '09 earnings, leaving fundamental concerns."
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LQDT - NASDAQ - INTERNET - Internet Software &; Services Liquidity Services Inc	$19.25	+0.45 2.39%	$19.42	$19.42	-0.88%	191,490 138.66%	138,100
Most Recent Note for LQDT - 4/4/2011 12:45:01 PM Hit another new 52-week high today with a 9th consecutive gain with ever increasing volume. Noted in prior mid-day reports -"Its sub par fundamentals are below the investment system guidelines. On 2/28/08 it was dropped from the CANSLIM.net Featured Stocks list and fundamentals subsequently turned south."
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MDSO - NASDAQ - COMPUTER SOFTWARE & SERVICES - Healthcare Information Service Medidata Solutions Inc	$25.82	+0.53 2.08%	$26.49	$27.39	-5.75%	212,014 101.44%	209,000
Most Recent Note for MDSO - 4/4/2011 12:46:45 PM Gapped up above its 50 DMA line today. It has hovered near that short-term average since noted in the mid-day report on 3/21/11, rebounding promptly after a heavy bout of distributional pressure led to a brief test of support near its 200 DMA line on 3/15/11. Its choppy action is not recognized as a sound base pattern under the guidelines of the investment system. Recent quarterly comparisons show improving sales and earnings and its annual earnings growth since public trading history beginning in June 2009 has been good.
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MELI - NASDAQ - INTERNET - Internet Software &; Services Mercadolibre Inc	$85.70	+2.75 3.32%	$87.38	$87.38	-1.92%	751,442 128.52%	584,700
Most Recent Note for MELI - 4/4/2011 12:49:19 PM Gapped up and hit new 52-week and all-time highs today while on track for a 9th consecutive gain, extended from any sound base pattern. Its Relative Strength rating has improved to 86, however its Relative Strength line did not recently lead the way and confirm new highs. Based on technical deterioration it was dropped from the Featured Stocks list on 10/19/10, and it found support at its long-term average a couple of times since noted - "The next support to watch is its 200 DMA line."
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MERC - NASDAQ - MANUFACTURING - Paper & Packaging Mercer International Inc	$14.78	+1.16 8.52%	$14.84	$14.92	-0.94%	737,033 119.76%	615,400
Most Recent Note for MERC - 4/4/2011 12:52:34 PM Considerable gain today with above average volume for a new 52-week high, rising from a short and choppy flat base. It stayed above its 50 DMA line during its consolidation since last noted in the 2/18/11 mid-day report - "Recent quarterly comparisons showed improved sales and earnings but its erratic earnings history falls below the investment system guidelines. This low-priced stock technically broke out on 11/02/10 with a gap up gain on heavy volume. It is perched near its 52-week high today. As previously noted, low-priced stocks are riskier candidates which are discouraged from being considered buy candidates the investment system guidelines."
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MKTX - NASDAQ - FINANCIAL SERVICES - Investment Brokerage - Nationa Marketaxess Holdings Inc	$24.96	+0.14 0.56%	$25.52	$25.52	-2.19%	149,242 115.33%	129,400
Most Recent Note for MKTX - 4/4/2011 12:58:13 PM Hitting new 52-week highs with today's 4th consecutive gain. Its 50 DMA line acted as support throughout its ongoing advance. The most current quarterly quarterly comparisons versus the year ago period showed very strong earnings increases (good C criteria) but sales revenues showed deceleration as increases cooled from +42%, +37%, +25%, to +14% over the Mar, Jun, Sep, and Dec '10 quarterly comparisons, respectively. Its history of up and down annual earnings (A criteria) is cause for concern, and the Finance - Investment Bankers industry group currently has a Relative Strength rating of 63 which indicates the group has been a mediocre performer rather than a strong leader (L criteria).
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MPEL - NASDAQ - LEISURE - Resorts & Casinos Melco Crown Entertmt Ads	$8.28	+0.27 3.37%	$8.29	$8.43	-1.78%	6,443,809 105.77%	6,092,300
Most Recent Note for MPEL - 4/4/2011 12:59:43 PM Gapped up today for a new high after a strong finish on the prior session. The 4/01/11 mid-day report noted - "Recent quarterly comparisons show better sales revenues and earnings versus year-ago losses. It has a poor annual earnings (A criteria) history. Low-priced stocks are discouraged under the investment system guidelines unless all key criteria are solidly satisfied."
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NDAQ - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Nasdaq Omx Group Inc	$27.69	-0.54 -1.91%	$27.99	$29.71	-6.80%	2,728,740 75.94%	3,593,300
Most Recent Note for NDAQ - 4/4/2011 1:02:21 PM Holding its ground today following a considerable gain on the prior session after making a competing bid against the the Deutsch Borse to acquire NYSE Euronext (NYX). Prior mid-day reports noted -"Based on weak technical action it was dropped from the Featured Stocks list on 1/16/08. It completed a Secondary Offering during the week ended 11/09/07 and survived but failed to impress since. Last shown in the Featured Stock Update section of the 10/26/07 After Market Update with detailed analysis and an annotated graph (read here)."
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OTEX - NASDAQ - INTERNET - Internet Software & Services Open Text Corp	$65.28	+1.21 1.89%	$66.71	$66.71	-2.14%	361,867 94.46%	383,100
Most Recent Note for OTEX - 4/4/2011 1:04:51 PM Gapped up again today and hit a new high, getting extended after technically breaking out of a flat base last week with a streak of gain backed by above average volume. The 3/30/11 mid-day report noted - "No resistance remains from overhead supply. It has a very good annual earnings (the A criteria) history. The 3 latest quarterly earnings increases have been reported above the +25% guideline of the investment system, however, this Ontario, Canada-based Computer Software - Database firm's sales revenues increases were only in the +3-8% range in the Sep '10 and Dec '10 quarters."
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PXD - NYSE - ENERGY - Independent Oil & Gas Pioneer Natural Resource	$104.48	+0.67 0.65%	$104.98	$105.14	-0.63%	1,269,192 91.99%	1,379,700
Most Recent Note for PXD - 4/4/2011 1:06:14 PM Inching to new 52-week highs with small volume-driven gains. It found support above its 50 DMA line during its consolidation since noted in the 2/22/11 mid-day report - "Stubbornly holding its ground and rising since its 12/01/10 gap up gain helped it clear its 2008 high. Prior mid-day reports noted - 'Impressive earnings increases and sales growth in recent quarters, however its annual earnings history has been up and down (bad A criteria).'"
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SOHU - NASDAQ - INTERNET - Internet Information Providers Sohu.com Inc	$95.17	+4.29 4.72%	$96.50	$96.50	-1.38%	1,424,179 115.89%	1,228,900
Most Recent Note for SOHU - 4/4/2011 1:10:06 PM Gapped up today, finally making meaningful price progress above its February high, and also blasting above its June 2008 all-time high ($91.50). Found prompt support near its 50 DMA line during its consolidation since noted in prior mid-day reports - "Earnings history (C and A criteria) has been below guidelines of the fact-based investment system."
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SSW - NYSE - TRANSPORTATION - Shipping Seaspan Corporation	$20.64	+0.79 3.98%	$21.05	$21.05	-1.95%	762,457 217.16%	351,100
Most Recent Note for SSW - 4/4/2011 1:13:08 PM Extended from any sound base pattern, spiking to yet another new 52-week high today with a 5th consecutive gain. The 3 prior mid-day report noted - "This China-based, high-ranked Transportation - Ship firm had a slight downward turn in its FY '08 earnings, but quarterly comparisons have shown strong sales revenues and earnings increases (C criteria) above the +25% guideline."
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TAL - NYSE - DIVERSIFIED SERVICES - Rental &; Leasing Services Tal International Group	$35.91	+0.23 0.64%	$36.25	$38.40	-6.48%	289,263 100.20%	288,700
Most Recent Note for TAL - 4/4/2011 1:13:54 PM Holding its ground today. It reversed from its new 52-week and all-time high hit last week as it was noted in recent mid-day reports after announcing an additional Public Offering - "Recently found great support above its 50 DMA line while enduring some distributional pressure. 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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TTMI - NASDAQ - ELECTRONICS - Printed Circuit Boards T T M Technologies Inc	$19.24	+1.15 6.36%	$19.64	$19.64	-2.04%	845,972 105.39%	802,700
Most Recent Note for TTMI - 4/4/2011 1:17:16 PM Gapped up today for a new 52-week high with a volume-driven gain. During its consolidation it had slumped below its 50 DMA line since last noted in the 2/11/11 mid-day report - "Considerable gap up gain today for a new 52-week high and multi-year high. 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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TYPE - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Monotype Imaging Hldgs	$13.92	-0.83 -5.63%	$14.63	$14.82	-6.07%	127,075 89.49%	142,000
Most Recent Note for TYPE - 4/4/2011 1:19:09 PM Pulling back from its 52-week high today after an analyst downgrade following 4 consecutive gains with average volume. Prior mid-day reports noted - "Found support above its 50 DMA line recently while consolidating since a considerable breakaway gap on 2/17/11 following earnings news. Sales and earnings history are below the fact-based system's guidelines."
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TZOO - NASDAQ - COMPUTER SOFTWARE & SERVICES - Information Technology Service Travelzoo Inc	$73.35	+3.83 5.51%	$73.98	$73.98	-0.85%	529,783 119.81%	442,200
Most Recent Note for TZOO - 4/4/2011 1:25:58 PM Gapped up today for another new 52-week high. Considerable volume-driven gains helped it rally above prior resistance in the $53 area and get very extended following a deep "V" shaped consolidation below its 50 DMA line, not a sound base pattern. Noted in prior mid-day reports - "After a very impressive rally from August '10 lows near $14 and January 2009 low of $3.72 per share. Recent quarterly comparisons show sales and earnings improving but its prior earnings history is below guidelines."
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VRTU - NASDAQ - COMPUTER SOFTWARE & SERVICES - Information Technology Service Virtusa Corp	$18.77	+0.14 0.75%	$18.86	$18.86	-0.48%	72,060 105.20%	68,500
Most Recent Note for VRTU - 4/4/2011 1:27:13 PM Touched a new 52-week high today. Recently rallied from an orderly base pattern, yet prior mid-day reports noted - "Its earnings history has been below the investment system's guidelines."
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WWWW - NASDAQ - INTERNET - Internet Information Providers Web.com Group Inc	$15.02	+0.07 0.47%	$15.28	$15.28	-1.70%	393,391 96.54%	407,500
Most Recent Note for WWWW - 4/4/2011 1:28:26 PM Hit a new 52-week high today with higher volume after a streak of gains last week with near average volume. Prior mid-day reports noted - "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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