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 MIDDAY BREAKOUTS REPORT - MONDAY, APRIL 11TH, 2011
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DOW 12415.06 35.01 (0.28%) | NASDAQ 2775.88 -4.54 (-0.16%) | S&P 500 1328.77 0.6 (0.05%)
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Time of Screening :
4/11/2011 11:43:12 AM Report Released :
4/11/2011 12:42:46 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 |
BIDU
- NASDAQ
Baidu Inc Ads
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$146.31
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+4.43
3.12%
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$148.92
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7,391,535
105.63% of 50 DAV
50 DAV is 6,997,400
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$148.91
-1.75%
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3/17/2011 |
$121.97
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PP = $131.73
MB = $138.32 |
Most Recent Note - 4/11/2011 11:45:21 AM
G - Gapped up and hit a new all-time high today, getting more extended from its latest base. Prior high near $131 defines initial chart support to watch above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 4/7/2011. Click here.
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MG
- NYSE
Mistras Group Inc
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$16.62
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+0.18
1.09%
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$16.71
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132,564
118.26% of 50 DAV
50 DAV is 112,100
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$17.33
-4.10%
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3/15/2011 |
$15.48
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PP = $15.90
MB = $16.70 |
Most Recent Note - 4/11/2011 12:09:29 PM
Y - Consolidating above prior highs and its 50 DMA line defining important support to watch on pullbacks. Its color code was changed to yellow after dipping under its "max buy" level.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/15/2011. Click here.
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
CBI
- NYSE - MATERIALS & CONSTRUCTION - General Contractors
Chicago Bridge & Iron Co
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$40.77 |
+0.76
1.90%
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$41.08
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$42.49
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-4.05% |
656,919
60.78%
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1,080,900
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Most Recent Note for CBI - 4/11/2011 11:47:07 AM
Hovering near its 52-week high after a small gap up today. Noted in prior mid-day reports - "Perched near its 52-week high after recently finding support near its 50 DMA line. Sales revenues and earnings history are below the investment system's guidelines."
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DXPE
- NASDAQ - WHOLESALE - Industrial Equipment Wholesale
D X P Enterprises Inc
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$25.80 |
+0.55
2.18%
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$26.05
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$26.05
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-0.96% |
55,774
80.60%
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69,200
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Most Recent Note for DXPE - 4/11/2011 11:50:48 AM
Above average volume is behind today's 11th consecutive gain, gradually inching up to new 52-week highs. 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
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$42.98 |
+2.13
5.21%
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$44.53
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$44.53
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-3.48% |
3,595,083
311.10%
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1,155,600
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Most Recent Note for ENDP - 4/11/2011 11:57:18 AM
Gapped up today for a new high after announcing plans to buy American Medical Systems Holdings Inc. (AMMD) in a near $3 Billion deal. It was already extended from a sound base as noted after 3/30/11 when 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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FARO
- NASDAQ - ELECTRONICS - Scientific & Technical Instrum
Faro Technologies Inc
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$39.44 |
-0.55
-1.38%
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$40.06
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$40.99
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-3.78% |
58,694
58.11%
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101,000
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Most Recent Note for FARO - 4/11/2011 11:59:13 AM
Hovering near its 52-week high, holding its ground stubbornly after volume-driven gains. It tested support at its 50 DMA line during its consolidation since noted in the 3/04/11 mid-day report. It made a few mid-day report appearances following its 2/24/11 gap up after reporting earnings +142% on +27% sales revenues for the quarter ended December 31, 2010 versus the year ago period. Fundamentals do not meet guidelines of the fact-based investment system, especially after a loss in FY '09. It was noted 10/30/07 -"Questionable annual earnings history (not a strong A)."
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IMRS
- NASDAQ - HEALTH SERVICES - Medical Appliances & Equipment
Imris Inc
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$7.75 |
-0.05
-0.64%
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$7.85
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$8.42
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-7.96% |
68,380
60.09%
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113,800
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Most Recent Note for IMRS - 4/11/2011 12:02:19 PM
This low-priced Canada-based Medical - Systems/Equipment firm's sales revenues and earnings history is below the investment system guidelines.
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MASC
- NASDAQ - MANUFACTURING - Metal Fabrication
Material Sciences Corp
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$7.20 |
+0.00
0.00%
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$7.33
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$7.49
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-3.87% |
118,280
200.14%
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59,100
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Most Recent Note for MASC - 4/11/2011 12:07:28 PM
Perched near its 52-week high and above its 50 DMA line after an 11-week base. Recent quarters showed better sales and earnings increases versus losses the year earlier. Prior quarterly comparisons and annual earnings (A criteria) growth has not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system.
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N
- NYSE - DIVERSIFIED SERVICES - Business/Management Services
Netsuite Inc
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$29.42 |
-0.84
-2.78%
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$30.59
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$31.32
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-6.07% |
271,017
78.97%
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343,200
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Most Recent Note for N - 4/11/2011 12:16:58 PM
Pulling back -7% off its 52-week high today, slumping near its 50 DMA line. Its annual earnings (A criteria) history has not been strong and steady, and Return on Equity reported at 8% is below the 17% guideline. Recent quarterly comparisons (Jun, Sep, Dec '10) show improving sales revenues and earnings increases (satisfying the C criteria) versus the year-ago period.
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NTCT
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Netscout Systems Inc
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$26.24 |
-0.34
-1.28%
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$26.85
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$27.83
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-5.71% |
381,638
128.50%
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297,000
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Most Recent Note for NTCT - 4/11/2011 12:18:33 PM
Down today on higher volume, pulling back from its 52-week high toward support near prior chart highs and its 50 DMA line. Little overhead supply remains to act as resistance, yet prior mid-day reports noted - "Quarterly sales revenues and earnings are below the investment system guidelines. Based on weak action it was dropped from the Featured Stocks list on 9/15/08, soon after featured in the September 2008 issue of CANSLIM.net News (see here). First featured in the August '07 CANSLIM.net News (read here)."
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NVMI
- NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate
Nova Ltd
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$10.70 |
+0.63
6.26%
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$10.72
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$11.44
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-6.47% |
395,952
121.64%
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325,500
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Most Recent Note for NVMI - 4/11/2011 12:22:07 PM
Gapped up for a second consecutive session today, rallying toward its 52-week high. This low-priced Semiconductor Equipment firm headquartered in Israel slumped below its 50 DMA line a few times during its consolidation since last noted in the 2/16/11 mid-day report - "Recent quarterly comparisons showed sales and earnings improving, but its prior earnings history has been quite erratic and below the investment system's guidelines."
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PRGO
- NYSE - DRUGS - Drug Related Products
Perrigo Co Plc
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$83.98 |
+2.69
3.31%
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$84.22
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$84.22
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-0.28% |
418,982
58.20%
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719,900
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Most Recent Note for PRGO - 4/11/2011 12:26:45 PM
Considerable gap up gain today for a new all-time high. Found support at its 50 DMA line but did not build a sound base following its 1/20/11 "breakaway gap" into new high territory. It reported earnings +44% on +23% sales for the quarter ended Dec 31, 2010. Found support near its 200 DMA line since noted on 11/09/10 when it was dropped from the Featured Stocks list - "Reported its smallest percentage earnings increase in 5 quarters, after +73%, +56%, +52%, +42%, in the Sept '09, Dec '09, Mar '10, and Jun '10 quarters respectively versus the year ago periods, its earnings were up just +23% for the latest quarter ended September 30, 2010."
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SIMO
- NASDAQ - ELECTRONICS - Semiconductor - Specialized
Silicon Motion Tech Ads
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$9.45 |
+0.36
3.93%
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$9.54
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$9.75
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-3.10% |
370,515
77.71%
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476,800
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Most Recent Note for SIMO - 4/11/2011 12:29:24 PM
Hit another new 52-week high today following a couple of quiet sessions since its noted 4/06/11 gap up and considerable volume-driven gain. It found support above its 50 DMA line and volume totals cooled during its consolidation since noted in the 2/28/11 mid-day report - "Held its ground following a considerable gap up gain on 2/01/11 after an analyst upgrade. 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. It survived but failed to impress since dropped from the Featured Stocks list on 7/26/07."
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SINA
- NASDAQ - INTERNET - Internet Software & Services
Sina Corporation
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$115.16 |
-4.19
-3.51%
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$116.41
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$120.48
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-4.42% |
3,474,049
100.52%
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3,456,100
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Most Recent Note for SINA - 4/11/2011 12:30:48 PM
Pulling back today from the new 52-week high hit on the prior session. Extended from any sound base now, 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
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$95.38 |
-0.97
-1.01%
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$97.89
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$98.72
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-3.38% |
909,313
67.99%
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1,337,400
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Most Recent Note for SOHU - 4/11/2011 12:31:27 PM
Churning heavy volume in the past 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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SVM
- NYSE - METALS & MINING - Silver
Silvercorp Metals Inc
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$15.72 |
-0.27
-1.69%
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$16.08
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$16.32
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-3.68% |
1,752,244
58.20%
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3,010,500
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Most Recent Note for SVM - 4/11/2011 12:33:28 PM
Perched at an all-time high. It found support at its 50 DMA line during its consolidation while it endured distributional pressure since noted in the 3/09/11 mid-day report - "While rising just above previously stubborn resistance in the $13 area, no overhead supply remains to act as resistance. It completed a Public Offering on 12/14/10 after it was noted in a handful of Nov and Dec '10 mid-day reports - 'This low-priced Canadian mining company's considerable gain with heavy volume for a new 52-week high may catch the eye of some technical traders. Its 4 latest quarterly comparisons show strong sales revenues and earnings increases following negative comparisons in the prior 4 quarters. Last noted in the 5/13/10 mid-day report after a then recent surge to new highs, then it subsequently slumped below its 200 DMA line before rebounding impressively. Poor annual earnings (A criteria) history is a fundamental concern.'"
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TPX
- NYSE - MANUFACTURING - Textile Manufacturing
Tempur Sealy Intl Inc
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$56.00 |
-1.17
-2.05%
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$58.54
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$59.98
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-6.64% |
1,142,350
104.10%
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1,097,400
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Most Recent Note for TPX - 4/11/2011 12:39:50 PM
Pulling back today following a considerable gap up gain for a new all-time on 4/08/11 after an encouraging preliminary report and raised earnings guidance. During its recent rally it stayed well above its 50 DMA line. Noted in prior mid-day reports - "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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TSCO
- NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other
Tractor Supply Co
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$63.31 |
+0.47
0.74%
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$64.56
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$64.56
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-1.94% |
416,114
62.90%
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661,500
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Most Recent Note for TSCO - 4/11/2011 12:40:37 PM
Hit another new all-time high today. Found support above its 50 DMA line while making steady progress since noted in the 3/04/11 mid-day report - "No resistance remains due to overhead supply while it rises from a riskier late-stage base. Recent quarterly comparisons show strong earnings (good C criteria) with sales revenues growth improving by +20% in the quarter ended Dec 31, 2010, better than prior sub-par revenues increases. TSCO was long ago featured in the June '03 CANSLIM.net News."
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VRNT
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Verint Systems Inc
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$35.72 |
-0.98
-2.67%
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$36.49
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$38.10
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-6.25% |
178,765
134.41%
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133,000
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Most Recent Note for VRNT - 4/11/2011 12:42:22 PM
Pulling back with above average volume for a 3rd session in a row since challenging its 52-week high. Prior mid-day reports noted - "Quarterly and annual earnings history is below the guidelines of the fact-based investment system."
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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
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