Mid-Day Breakouts Report - Thursday, April 7th, 2011

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MIDDAY BREAKOUTS REPORT - THURSDAY, APRIL 7TH, 2011
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DOW 12377.4 -49.35 (-0.40%) | NASDAQ 2796.31 -3.51 (-0.13%) | S&P 500 1334.7 -0.84 (-0.06%)

Time of Screening : 4/7/2011 11:58:12 AM Report Released : 4/7/2011 1:28:59 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
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
RAX - NYSE Rackspace Hosting Inc	$42.54	+0.47 1.12%	$43.12	1,110,413 61.74% of 50 DAV 50 DAV is 1,798,500	$44.19 -3.73%	3/16/2011	$36.28	PP = $40.72 MB = $42.76
Most Recent Note - 4/7/2011 1:03:28 PM Y - Color code was changed to yellow while consolidating back within 5% of its pivot point. Approximately 40% of successful breakouts pullback and test support at prior resistance before continuing higher. As previously noted, "Prior high near $40* defines chart support to watch on pullbacks."* >>> The latest Featured Stock Update with an annotated graph appeared on 3/16/2011. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AA - NYSE - METALS & MINING - Aluminum Alcoa Inc	$17.98	-0.15 -0.83%	$18.29	$18.30	-1.75%	14,103,791 58.49%	24,111,200
Most Recent Note for AA - 4/7/2011 12:01:48 PM Perched at its 52-week high today. It had slumped below its 50 DMA line during its consolidation since last noted in the 2/01/11 mid-day report - "Fundamentals are below the investment system guidelines. AA was last noted in the 7/10/07 mid-day report - 'With only a +13% increase reported in the last quarterly earnings, that puts the 'C' below guidelines. Current earnings per share should be up 25% or more and in many cases accelerating in recent quarters. Quarterly sales should also be up 25% or more or accelerating over prior quarters."
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AXE - NYSE - WHOLESALE - Electronics Wholesale Anixter International	$72.68	+0.88 1.23%	$73.28	$73.55	-1.18%	294,068 97.79%	300,700
Most Recent Note for AXE - 4/7/2011 12:03:37 PM Up again today following a gap up noted on the prior session, challenging its 52-week high. Found support near its 50 DMA line in recent weeks while consolidating since mid-day reports in February this year noted - "It survived but failed to impress since noted in the 10/11/07 mid-day report - 'Decelerating sales revenues and earnings growth is a concern, plus the group is not a leading group (bad L criteria).'"
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CAT - NYSE - MANUFACTURING - Farm & Construction Machinery Caterpillar Inc	$109.55	-1.45 -1.31%	$110.90	$113.93	-3.85%	4,367,293 64.13%	6,809,600
Most Recent Note for CAT - 4/7/2011 12:05:56 PM Goliath company in the Machinery - Construction/Mining industry is consolidating near its 52-week high. Recently found support near its 50 DMA line. It rallied more than 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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CLH - NYSE - Pollution Control Clean Harbors Inc	$103.76	-1.96 -1.85%	$106.10	$106.61	-2.67%	126,064 60.64%	207,900
Most Recent Note for CLH - 4/7/2011 12:07:55 PM Pulling back today after a streak of 4 consecutive gains, spiking to a new all-time high. 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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COKE - NASDAQ - FOOD & BEVERAGE - Beverages - Soft Drinks Coca Cola Btlg Consol	$73.94	+0.29 0.40%	$75.76	$75.76	-2.40%	37,015 129.88%	28,500
Most Recent Note for COKE - 4/7/2011 12:14:13 PM Hitting new 52-week highs for a 4th consecutive session with volume-driven gains. Annual earnings growth has not been strong and steady. Lack of sales revenue growth indicates no increase in demand for its products or services. It survived but failed to impress since last noted in the mid-day report on 6/04/09 - "Lack of sales revenues growth and poor annual earnings history are cause for concern."
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COO - NYSE - HEALTH SERVICES - Medical Instruments & Supplies Cooper Companies Inc	$70.52	+1.13 1.63%	$70.58	$71.49	-1.36%	630,428 100.69%	626,100
Most Recent Note for COO - 4/7/2011 12:18:22 PM It has formed an orderly flat base, and its gain today has it challenging its 52-week high hit when last noted in the 3/08/11 mid-day report - "Steadily advanced since a 9/03/10 breakaway gap, continually finding support above its 50 DMA line. 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. It survived but failed to impress since dropped from the Featured Stocks list on 3/29/05."
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DMND - NASDAQ - FOOD &; BEVERAGE - Processed &; Packaged Goods Diamond Foods Inc	$61.61	-0.78 -1.25%	$62.21	$63.96	-3.67%	255,693 105.79%	241,700
Most Recent Note for DMND - 4/7/2011 12:22:42 PM Holding its ground following a considerable gap up gain with heavy volume for a new all-time high on 4/05/11 news it would buy Procter & Gamble's Pringles. Strong earnings history in recent years, however quarterly earning were reported -24% for the Oct '10 period. Small supply of only 22 million outstanding shares (S criteria) could contribute to greater volatility in the event of any institutional maneuvering.
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EAT - NYSE - LEISURE - Restaurants Brinker International	$24.77	-0.39 -1.55%	$24.92	$25.84	-4.14%	1,277,591 73.67%	1,734,100
Most Recent Note for EAT - 4/7/2011 12:25:13 PM Consolidating near its 52-week high and right above its 50 DMA line today, it has been making steady progress following a "breakaway gap" on 1/25/11. Sales history is below guidelines. Quarterly sales should be up +18-25% or more or accelerating impressively.
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EGN - NYSE - UTILITIES - Gas Utilities Energen Corp	$62.95	+0.29 0.46%	$63.30	$63.96	-1.58%	219,774 60.51%	363,200
Most Recent Note for EGN - 4/7/2011 12:29:36 PM Perched near its 52-week high after a great rally following its 1/03/11 technical breakout. Earnings and sales growth have been below the investment system guidelines for this Alabama-based Oil and Gas company.
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ENS - NYSE - MANUFACTURING - Industrial Electrical Equipmen Enersys	$39.70	+0.10 0.25%	$39.89	$40.32	-1.54%	196,670 62.38%	315,300
Most Recent Note for ENS - 4/7/2011 12:35:29 PM Near its 52-week high today after recently rising from a base-on-base type pattern. Found support near its 50 DMA line again while consolidating since last noted in the 2/15/11 mid-day report and earlier reports - "Based on weak action it was dropped from the Featured Stocks list on 8/07/08. Recent quarterly comparisons show improving sales and earnings after negative comparisons and a downward turn in its FY '10 earnings (A criteria)."
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ENSG - NASDAQ - HEALTH SERVICES - Long-Term Care Facilities Ensign Group Inc	$34.05	+0.02 0.06%	$34.85	$34.85	-2.30%	79,089 82.82%	95,500
Most Recent Note for ENSG - 4/7/2011 12:36:50 PM Hit another new all-time high today with a 5th consecutive gain, inching higher and getting more extended from any sound base. The 2 most recent quarters (Sep and Dec '10) showed earnings increases above the +25% guideline but prior increases were sub-par. Ownership by top-rated funds increased from 172 in Mar '10 to 234 in Dec 10, a reassuring sign concerning the I criteria. A previously noted 2/27/11 breakaway gap cleared a sound base pattern formed since noted in the 12/31/10 mid-day report - "Earnings growth history has been below the investment system guidelines."
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IEX - NYSE - MANUFACTURING - Diversified Machinery Idex Corp	$44.90	-0.39 -0.86%	$45.47	$45.76	-1.88%	310,404 88.94%	349,000
Most Recent Note for IEX - 4/7/2011 12:43:22 PM Extended from any sound base after a streak of 7 consecutive gains. Quarterly earnings increases above the +25% guideline in the last 4 comparisons satisfy the C criteria. The downturn in FY '09 earnings and lackluster annual earnings (A criteria) history is a concern.
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IRM - NYSE - DIVERSIFIED SERVICES - Business/Management Services Iron Mountain Inc	$33.16	-0.36 -1.07%	$33.49	$33.68	-1.54%	3,009,559 122.72%	2,452,400
Most Recent Note for IRM - 4/7/2011 12:44:55 PM Perched at its 52-week high after a recent spurt of volume-driven gains. Sales revenues and earnings growth history is below guidelines of the fact-based investment system.
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NDAQ - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Nasdaq Omx Group Inc	$28.96	+0.13 0.45%	$29.50	$29.71	-2.52%	2,521,652 66.52%	3,791,000
Most Recent Note for NDAQ - 4/7/2011 12:59:09 PM Gains this week have it challenging its 52-week high. Holding its ground and rising following a considerable gain on 4/01/11 after making a competing bid against the the Deutsche 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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SOHU - NASDAQ - INTERNET - Internet Information Providers Sohu.com Inc	$95.50	+1.02 1.08%	$97.59	$98.48	-3.03%	994,764 75.08%	1,325,000
Most Recent Note for SOHU - 4/7/2011 1:06:55 PM Churning heavy volume this week without making more progress since 4/04/11 when it gapped up and convincingly recently rose above its February high and rallied 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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SSYS - NASDAQ - COMPUTER HARDWARE - Computer Peripherals Stratasys Ltd	$51.56	-0.55 -1.06%	$52.97	$54.20	-4.87%	209,620 69.36%	302,200
Most Recent Note for SSYS - 4/7/2011 1:10:54 PM Hit new 52-week highs this week with volume conviction behind recent gains. Quarterly earnings increases above the +25% guideline in the 3 most recent comparisons satisfy the C criteria. Prior mid-day reports noted - "A downward turn in its FY '09 earnings is an obvious flaw with respect to the investment system's A criteria today. It is an interesting turn around story with a small supply of only 20.6 million shares (S criteria) outstanding. Longtime members may recall that SSYS was long ago (2003) featured in our monthly newsletter and special reports."
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TISI - NYSE - DIVERSIFIED SERVICES - Technical Services Team Inc	$27.45	-0.52 -1.86%	$28.02	$28.71	-4.39%	74,270 101.19%	73,400
Most Recent Note for TISI - 4/7/2011 1:17:51 PM Pulling back today following a considerable gain on the prior session with above average volume, challenging its 52-week high after an orderly flat base pattern. It found support near its 50 DMA line since noted in the 1/18/11 mid-day report - "Fundamentals are below guidelines now. Based on weak action it was dropped from the Featured Stocks list on 10/03/08."
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VRNT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Verint Systems Inc	$37.70	-0.16 -0.42%	$37.86	$38.10	-1.05%	100,409 78.38%	128,100
Most Recent Note for VRNT - 4/7/2011 1:25:06 PM Perched near its 52-week high today following a considerable gain with heavy volume on the prior session. Quarterly and annual earnings history is below the guidelines of the fact-based investment system.
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YZC - NYSE - METALS & MINING - Industrial Metals & Minerals Yanzhou Coal Mining Adr	$39.02	+1.18 3.12%	$39.80	$39.80	-1.96%	223,105 78.67%	283,600
Most Recent Note for YZC - 4/7/2011 1:28:46 PM Gapped up today, hitting yet another new 52-week high today. The 4/01/11 mid-day report and earlier reports noted its rally above previous resistance in the $32-33 area. Prior reports noted - "Recent quarters show better sales and earnings but prior quarters and its annual earnings (A criteria) are below guidelines of the fact-based system."
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