Mid-Day Breakouts Report - Friday, April 8th, 2011

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MIDDAY BREAKOUTS REPORT - FRIDAY, APRIL 8TH, 2011
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DOW 12397.35 -12.14 (-0.10%) | NASDAQ 2793.18 -2.96 (-0.11%) | S&P 500 1332.64 -0.87 (-0.07%)

Time of Screening : 4/8/2011 11:50:40 AM Report Released : 4/8/2011 12:58:01 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

NONE OF OUR FEATURED STOCKS MET TODAY'S SCREENING CRITERIA FOR VOLUME AND PRICE ACTION.

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	$18.03	-0.09 -0.48%	$18.47	$18.47	-2.37%	13,868,982 57.53%	24,108,500
Most Recent Note for AA - 4/8/2011 11:57:24 AM This week it has quietly wedged to new 52-week highs without great volume conviction, and next week it reports quarterly results for the period ended March 31, 2011, kicking off earnings season. It had slumped below its 50 DMA line during its consolidation since 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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AG - NYSE - METALS & MINING - Silver First Majestic Silver	$25.78	+0.51 2.02%	$26.14	$26.88	-4.09%	974,801 84.09%	1,159,200
Most Recent Note for AG - 4/8/2011 11:58:32 AM Holding its ground after a spurt of gains with ever increasing volume for all-time highs. It is extended from any sound base. 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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BKE - NYSE - RETAIL - Apparel Stores Buckle Inc	$43.88	-0.67 -1.50%	$44.09	$45.49	-3.54%	551,889 131.46%	419,800
Most Recent Note for BKE - 4/8/2011 12:05:34 PM Pulling back today following a considerable gain on heavy volume, technically breaking out. Sales and earnings history is below the fact-based investment system guidelines. It survived but failed to impress since it was dropped from the Featured Stocks list on 10/10/08. Traded up as much as +37.15% after first featured in the 4/16/08 CANSLIM.net Mid-Day BreakOuts Report (read here).
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COO - NYSE - HEALTH SERVICES - Medical Instruments & Supplies Cooper Companies Inc	$73.15	-0.36 -0.49%	$75.23	$75.23	-2.76%	482,257 73.28%	658,100
Most Recent Note for COO - 4/8/2011 12:10:56 PM Reversed into the red after gapping up today following a strong finish on the prior session, breaking out of an orderly flat base for a new 52-week high. Noted in recent mid-day reports - "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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CYD - NYSE - MANUFACTURING - Diversified Machinery China Yuchai Intl Ltd	$31.56	+0.56 1.81%	$31.80	$32.98	-4.30%	213,979 65.82%	325,100
Most Recent Note for CYD - 4/8/2011 12:13:04 PM Held its ground stubbornly since rallying above its 50 DMA line toward its 52-week high when last noted in the 4/01/11 mid day report. This Singapore-based maker of diesel engines for trucks and busses in China has an erratic earnings history. Prior mid-day reports noted - "Up and down annual earnings (A criteria) leaves fundamental concerns."
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DMND - NASDAQ - FOOD &; BEVERAGE - Processed &; Packaged Goods Diamond Foods Inc	$61.61	+0.62 1.02%	$62.34	$63.96	-3.67%	272,417 105.22%	258,900
Most Recent Note for DMND - 4/8/2011 12:13:44 PM Holding its ground in a tight range 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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DXPE - NASDAQ - WHOLESALE - Industrial Equipment Wholesale D X P Enterprises Inc	$25.84	+0.71 2.83%	$25.91	$25.91	-0.27%	86,418 129.37%	66,800
Most Recent Note for DXPE - 4/8/2011 12:16:04 PM Above average volume is behind today's 10th consecutive gain, helping it gradually inch higher for another new 52-week high. No resistance remains due to overhead supply. 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. The latest quarters Jun, Sept, and Dec '10 showed better sales revenues and earnings after at least 4 quarters of negative comparisons.
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ENDP - NASDAQ - DRUGS - Drug Manufacturers - Other Endo Health Solutions	$41.04	+0.09 0.22%	$41.10	$41.20	-0.39%	712,375 62.72%	1,135,800
Most Recent Note for ENDP - 4/8/2011 12:17:47 PM Wedging higher after getting extended from its prior base. On 3/30/11 it technically broke out of a long flat base while merger news involving Cephalon Inc (CEPH) after Valeant Pharmaceuticals Int'l (VRX) sparked bullish action in the industry. Recent quarterly comparisons for Sept and Dec '10 showed better sales and earnings increases versus the year earlier, but prior quarterly comparisons and annual earnings (A criteria) growth have not been strong and steady enough to meet the investment system guidelines. After a long hiatus, it was noted in the 12/30/10 mid-day report - "Long-ago it was a Featured Stock with favorable characteristics, and it was last noted in the mid-day report on 1/09/06."
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ENSG - NASDAQ - HEALTH SERVICES - Long-Term Care Facilities Ensign Group Inc	$33.62	-0.48 -1.39%	$34.24	$34.85	-3.54%	107,775 110.20%	97,800
Most Recent Note for ENSG - 4/8/2011 12:20:52 PM Pulling back from its all-time high today after 5 consecutive gains. Noted in the 2 prior mid-day reports while 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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HGR - NYSE - HEALTH SERVICES - Specialized Health Services Hanger Inc	$28.11	+0.74 2.70%	$28.47	$28.47	-1.26%	246,124 99.48%	247,400
Most Recent Note for HGR - 4/8/2011 12:24:17 PM Gapped up today and hit a new 52-week high, rising from an orderly flat base above its 50 DMA line formed since its considerable 2/10/11 gap up. Prior mid-day reports noted - "Annual earnings (A criteria) history has been strong, but quarterly earnings increases in recent comparisons were below guidelines of the fact-based investment system while sales revenues increases have been in the +5-7% range."
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KAMN - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products &; Services Kaman Corporation	$35.84	-0.70 -1.92%	$36.99	$37.36	-4.07%	105,888 69.34%	152,700
Most Recent Note for KAMN - 4/8/2011 12:26:51 PM Perched near its 52-week high today, it paused after a previously noted streak of 8 consecutive volume-driven gains. The 4/05/11 mid-day report noted - "Recent quarterly comparisons show sales revenues and earnings increases after several negative quarterly comparisons. A downturn in FY '09 earnings is a concern with respect to the investment system's A criteria."
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LYB - NYSE - CHEMICALS - Specialty Chemicals Lyondellbasell Ind A Nv	$42.89	+1.39 3.35%	$43.28	$43.28	-0.90%	2,420,084 62.60%	3,866,000
Most Recent Note for LYB - 4/8/2011 12:35:53 PM Hit another new 52-week high today. Leadership in the Chemicals industry group has helped. Prior mid-day reports noted - "Reported earnings versus a year-ago loss for the December '10 quarter. Prior mid-day reports noted after steadily rising in recent months - 'The Netherlands-based Chemicals firm's earnings history is below guidelines of the fact-based investment system.'"
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NXPI - NASDAQ - ELECTRONICS - Semiconductor - Broad Line Nxp Semiconductors N V	$34.35	+1.41 4.28%	$34.56	$34.77	-1.21%	4,453,613 243.54%	1,828,700
Most Recent Note for NXPI - 4/8/2011 12:39:21 PM Gapped up today for a new high, and no overhead supply remains to act as resistance. Completed a Secondary Offering on 3/30/11 and spurted higher with volume-driven gains. It found support near its 50 DMA line during its consolidation since noted in the 3/01/11 mid-day report - "Rallying near its all-time high today after an ascending base pattern. Sales and earnings have not shown strong steady growth and are below the investment system guidelines while recently reporting earnings versus year-ago losses."
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SINA - NASDAQ - INTERNET - Internet Software & Services Sina Corporation	$119.74	+2.72 2.32%	$119.95	$119.95	-0.18%	3,254,085 95.94%	3,391,900
Most Recent Note for SINA - 4/8/2011 12:44:43 PM Hit another new 52-week high today, extended from any sound base. Its 50 DMA line defines support to watch on pullbacks. Recent mid-day reports noted - "Earnings increases in recent quarters were above the +25% guideline and yet sales revenues increases have been only in the +10-12% range. Its annual earnings history (A criteria) has been up and down and below guidelines."
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SOHU - NASDAQ - INTERNET - Internet Information Providers Sohu.com Inc	$96.83	-0.54 -0.55%	$98.72	$98.72	-1.91%	868,034 64.62%	1,343,300
Most Recent Note for SOHU - 4/8/2011 12:47:33 PM Churning heavy volume this week, holding its ground without making more progress since 4/04/11 when it gapped up 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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TPX - NYSE - MANUFACTURING - Textile Manufacturing Tempur Sealy Intl Inc	$58.45	+7.46 14.63%	$59.98	$59.98	-2.55%	5,246,461 564.62%	929,200
Most Recent Note for TPX - 4/8/2011 12:55:13 PM Considerable gap up gain today for a new all-time after an encouraging preliminary report and raised earnings guidance. During its recent rally it stayed well above its 50 DMA line. Last noted in the 3/03/11 mid-day report - "No overhead supply remains to hinder its progress. Sales revenues and earnings increases in recent quarterly comparisons have been strong versus the year ago period, but showed deceleration in its growth rate. Its annual earnings (A criteria) history was marred by a downturn in FY '08."
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VRNT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Verint Systems Inc	$37.06	-0.51 -1.36%	$37.49	$38.10	-2.73%	201,165 156.55%	128,500
Most Recent Note for VRNT - 4/8/2011 12:57:42 PM Perched near its 52-week high following a considerable gain on 4/06/11 with heavy volume. The 4/07/11 mid-day report noted - "Quarterly and annual earnings history is below the guidelines of the fact-based investment system."
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