Mid-Day Breakouts Report - Thursday, April 28th, 2011

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MIDDAY BREAKOUTS REPORT - THURSDAY, APRIL 28TH, 2011
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DOW 12720.78 29.82 (0.23%) | NASDAQ 2864.36 -5.52 (-0.19%) | S&P 500 1355.83 0.17 (0.01%)

Time of Screening : 4/28/2011 12:05:38 PM Report Released : 4/28/2011 2:06:01 PM
Price is: Above 52W High and Less Than 52W High but within 5% 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
BIDU - NASDAQ Baidu Inc Ads	$147.28	-3.83 -2.53%	$156.04	11,197,658 158.91% of 50 DAV 50 DAV is 7,046,400	$156.04 -5.61%	3/17/2011	$121.97	PP = $131.73 MB = $138.32
Most Recent Note - 4/28/2011 12:26:21 PM G - Reported earnings +129% on +96% sales revenues for the quarter ended March 31, 2011 versus the year ago period. Touched another new all-time high early today then reversed into the red. It has been repeatedly noted - "Extended from its latest base. Prior high near $131* defines initial chart support to watch near its rising 50 DMA line."* >>> The latest Featured Stock Update with an annotated graph appeared on 4/7/2011. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ABC - NYSE - Medical-Whlsle Drg/Suppl Amerisourcebergen Corp	$40.45	-1.58 -3.76%	$42.50	$42.50	-4.82%	2,870,981 122.26%	2,348,200
Most Recent Note for ABC - 4/28/2011 12:08:33 PM Gapped up today for a new all-time high then reversed into the red. Extended from any sound base pattern. Earnings and sales revenues growth has been below guidelines.
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AET - NYSE - HEALTH SERVICES - Health Care Plans Aetna Inc	$41.73	+1.92 4.82%	$42.89	$42.75	-2.39%	4,978,673 134.81%	3,693,200
Most Recent Note for AET - 4/28/2011 12:18:58 PM Gapped up today for a new 52-week high. Earnings increases have been above the +25% guideline in the past 4 quarterly comparisons versus the year earlier, but during that span its sales revenues were in the negative -1-3% range. Annual earnings (A criteria) history is also below the investment system's guidelines.
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ARW - NYSE - WHOLESALE - Electronics Wholesale Arrow Electronics Inc	$45.25	-0.38 -0.83%	$46.82	$47.50	-4.74%	938,756 90.40%	1,038,400
Most Recent Note for ARW - 4/28/2011 12:24:35 PM Holding its ground today after a solid gain on the prior session was noted as it hit new 52-week and new multi-year highs following a report it grew earnings +63% on +23% sales revenues for the quarter ended March 31, 2011 versus the year ago period.. Found support at its 50 DMA during its consolidation since noted in the 2/03/11 mid-day report - "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."
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BWLD - NASDAQ - LEISURE - Restaurants Buffalo Wild Wings Inc	$61.59	+1.74 2.91%	$62.29	$62.29	-1.12%	262,595 77.97%	336,800
Most Recent Note for BWLD - 4/28/2011 12:27:22 PM Hit another new all-time high today. The 4/27/11 mid-day report noted - "Technically broke out on 4/14/11 from a base-on-base pattern. No overhead supply exists to act as resistance.The company has a strong annual earnings history (A criteria). The C criteria has not been well satisfied by +25% earnings increases in quarterly comparisons. Blue triangles beside the quarterly earnings figure in at least the past 8 comparisons indicate pre-tax, non-recurring items were included (where possible, such items are normally removed to provide data better suited for comparison). The restaurant operator survived but failed to impress as it went through several long and very deep corrections since it was dropped from the CANSLIM.net Featured Stocks List on 8/15/2007."
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CPHD - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Cepheid	$31.98	+0.24 0.74%	$32.15	$32.15	-0.54%	310,861 75.97%	409,200
Most Recent Note for CPHD - 4/28/2011 12:28:26 PM Touched another new 52-week high today, getting more extended from any sound base pattern. Recently reported 8 cents per share in earnings, versus a year ago loss of one cent per share, with a +25% increase in sales revenues for the quarter ended March 31, 2011. Prior mid-day reports noted - "Its prior earnings history (bad A criteria) has been poor."
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CRR - NYSE - MATERIALS & CONSTRUCTION - General Building Materials Carbo Ceramics Inc	$165.05	+23.82 16.87%	$169.34	$169.34	-2.53%	1,233,304 326.27%	378,000
Most Recent Note for CRR - 4/28/2011 12:31:33 PM Gapped up today for a considerable volume-driven gain and a new all-time high. Found support above its 50 DMA line during its consolidation since last noted in the 4/05/11 mid-day report - "Healthy action has continued while leadership in the Oil and Gas - Machinery/Equipment group (L criteria) has helped since it appeared in the 1/27/11 mid-day report noted - 'Breaking out from a sound flat base with support at its 50 DMA line. There is no overhead supply to act as resistance. Recent quarterly results showed great earnings and sales increases versus the year ago period. Prior quarterly and annual earnings (A criteria) history is below guidelines.'"
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CRS - NYSE - METALS & MINING - Steel & Iron Carpenter Technology	$50.53	+0.21 0.42%	$51.15	$51.15	-1.21%	355,239 81.83%	434,100
Most Recent Note for CRS - 4/28/2011 12:36:16 PM Rising since its breakaway gap on 4/26/11 for a new 52-week high. Downturn in FY '09 and FY '10 earnings (A criteria) earnings makes it fall below the fact-based investment system's fundamental guidelines.
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DHX - NYSE - INTERNET - Content Dice Holdings Inc	$18.32	+0.77 4.39%	$18.69	$18.69	-1.98%	403,988 90.54%	446,200
Most Recent Note for DHX - 4/28/2011 12:40:44 PM Hit another new all-time high today. Recent mid-day reports noted - "Completed another Public Offering on 2/01/11 after the previously noted 12/09/10 offering. Technically broke out from an orderly base pattern on 4/16/11 with a considerable gain on heavy volume for new 52-week and all-time highs. No overhead supply remains to act as resistance. Annual earnings history (A criteria) included a downturn in FY '09, which is a fundamental flaw."
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ECPG - NASDAQ - FINANCIAL SERVICES - Credit Services Encore Capital Group Inc	$30.34	+2.47 8.86%	$30.51	$30.51	-0.56%	251,521 193.78%	129,800
Most Recent Note for ECPG - 4/28/2011 12:45:03 PM Spiked to a new 52-week high with above average volume behind today's considerable gain, trading up for a 4th consecutive session. Completed a Secondary Offering on 3/01/11 since noted in the 2/16/11 mid-day report after a breakaway gap helped it clear a previously noted 9 month long base. This Financial Services - Misc firm's quarterly earnings and annual earnings (C and A criteria) history has not been strong and steady.
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GPRO - NASDAQ - ELECTRONICS - Scientific & Technical Instrum GoPro, Inc	$78.51	+8.35 11.90%	$84.17	$84.17	-6.72%	2,321,361 798.54%	290,700
Most Recent Note for GPRO - 4/28/2011 12:47:14 PM Spiking to a new 52-week high and blasting above its 2007 all-time high ($71.84) today with very heavy volume behind its considerable gain. Last noted in the 1/28/11 mid-day report - "Sales and earnings history are below the guidelines of the fact-based system."
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GRC - AMEX - MANUFACTURING - Diversified Machinery Gorman-Rupp Co	$40.30	+0.97 2.47%	$40.54	$40.54	-0.59%	47,789 189.64%	25,200
Most Recent Note for GRC - 4/28/2011 12:51:22 PM Hit a new 52-week high today with above average volume behind its gain. Downturn in FY '09 earnings (A criteria) earnings makes it fall below the fact-based investment system's fundamental guidelines although recent quarterly comparisons show sales and earnings improving.
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GWR - NYSE - TRANSPORTATION - Railroads Genesee & Wyoming Inc	$62.07	+1.45 2.39%	$63.73	$63.73	-2.60%	209,433 96.20%	217,700
Most Recent Note for GWR - 4/28/2011 12:57:18 PM This Transportation - Rail firm hit a new all-time high today with a 3rd consecutive gain. Accelerating sales revenues growth with better than +25% earnings increases in 3 of the past 4 quarterly comparisons is reassuring, however its annual earnings history (A criteria) has not been strong and steady.
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IMRS - NASDAQ - HEALTH SERVICES - Medical Appliances & Equipment Imris Inc	$8.75	+0.14 1.63%	$8.86	$8.94	-2.13%	250,884 204.14%	122,900
Most Recent Note for IMRS - 4/28/2011 1:02:47 PM Hit another new 52-week high today with above average volume behind its gain. Last noted in the 4/26/11 mid-day report - "Considerable gain today with heavy volume for a new 52-week high. 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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IPCM - NASDAQ - HEALTH SERVICES - Hospitals I P C The Hospitalist Co	$49.30	-0.53 -1.06%	$49.83	$50.24	-1.87%	104,812 123.60%	84,800
Most Recent Note for IPCM - 4/28/2011 1:11:33 PM Pulling back today, it rallied for a new all-time high on the prior session with above average volume behind a 5th consecutive gain. Found support above its 50 DMA line and prior highs during consolidations since its early-March breakout. Quarterly earnings increases have been previously noted as strong, however it showed a +20% earnings increase on +18% sales revenues for the quarter ended December 31, 2010 versus the year ago period. Its annual earnings (A criteria) growth has been impressive since January 2008 beginning of its public trading history.
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KBR - NYSE - DIVERSIFIED SERVICES - Technical Services K B R Inc	$38.17	+1.86 5.12%	$38.67	$38.79	-1.60%	1,155,286 76.74%	1,505,400
Most Recent Note for KBR - 4/28/2011 1:12:38 PM Today's gain has it rallying from support at its 50 DMA line to challenge its 52-week high. Prior mid-day reports noted - "Earnings history is below guidelines."
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MASC - NASDAQ - MANUFACTURING - Metal Fabrication Material Sciences Corp	$7.22	+0.16 2.27%	$7.22	$7.49	-3.60%	76,289 149.00%	51,200
Most Recent Note for MASC - 4/28/2011 1:14:34 PM Perched near its 52-week high and above its 50 DMA line after a 12-week base in a tight trading range. Prior quarterly comparisons and annual earnings (C and 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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NEOG - NASDAQ - DRUGS - Diagnostic Substances Neogen Corp	$42.37	+0.76 1.83%	$42.73	$43.14	-1.78%	101,850 93.87%	108,500
Most Recent Note for NEOG - 4/28/2011 1:21:00 PM Perched only -1.6% off its all-time high today. It has formed an orderly base pattern since damaging losses with above average volume led to it being dropped from the Featured Stocks list on 1/21/11. Reported earnings +24% for the quarter ended February 28, 2011 versus the year ago period, below the +25% guideline following 4 consecutive quarters with increases above that minimum threshold.
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NVO - NYSE - DRUGS - Drug Manufacturers - Other Novo Nordisk A/S Adr	$126.36	-0.03 -0.02%	$127.35	$132.88	-4.91%	312,397 92.34%	338,300
Most Recent Note for NVO - 4/28/2011 1:25:13 PM It has not formed a sound base and is consolidating -4.7% off its all-time high today, testing its 50 DMA line which acted as support throughout its ongoing ascent. Reported earnings +31% on +20% sales revenues for the quarter ended March 31, 2011, so its 3 latest quarterly comparisons have earnings increases above the +25% guideline. It has earned high ranks after demonstrating strong steady annual earnings (A criteria) growth. This Denmark-based Medical - Ethical Drug firm also has seen the number of top-rated funds owning its shares rise from 152 in Mar '10 to 196 in Mar '11, a reassuring sign concerning the I criteria.
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PTEN - NASDAQ - ENERGY - Oil & Gas Drilling & Explorati Patterson-Uti Energy Inc	$30.93	+0.03 0.10%	$31.54	$31.54	-1.93%	2,305,916 80.58%	2,861,700
Most Recent Note for PTEN - 4/28/2011 1:29:13 PM Extended from any sound base, it touched a new 52-week high today and then reversed into the red. Found support at its 50 DMA line during its ascent since last noted in the 2/04/11 mid-day report - "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 noted on 2/15/06."
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RIC - AMEX - METALS & MINING - Gold Richmont Mines Inc	$9.74	+0.65 7.15%	$10.00	$393.00	-97.52%	635,132 206.28%	307,900
Most Recent Note for RIC - 4/28/2011 1:30:17 PM Gapped up and hit yet another new 52-week high today. On 4/21/11 it was noted after a second consecutive gap up - "Extended from any sound base pattern after numerous volume-driven gains in the past 2 months. Recent quarterly comparisons show sales revenues and earnings improvement, but its prior earnings history is below the investment system guidelines."
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SBS - NYSE - UTILITIES - Foreign Utilities Comp De Saneamento Adr	$58.44	-0.34 -0.58%	$58.81	$60.58	-3.53%	203,250 75.92%	267,700
Most Recent Note for SBS - 4/28/2011 1:43:55 PM Pulling back from its 52-week high and all-time high hit last week. Extended from a sound base, its prior highs and 50 DMA line near $55 define support to watch on pullbacks. This Brazilian water and sewage (Utility) firm's earnings and sales revenues increases in the 2 latest quarters were strong, but prior quarterly comparisons were below the fundamental growth guidelines of the fact-based investment system.
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SBUX - NASDAQ - LEISURE - Specialty Eateries Starbucks Corp	$37.36	+0.17 0.46%	$37.39	$38.21	-2.22%	6,522,898 80.72%	8,081,200
Most Recent Note for SBUX - 4/28/2011 1:54:31 PM Consolidating in an orderly fashion above its 50 DMA line following a breakaway gap on 3/10/11. Earnings increased +17% on +10% sales in the quarter ended March 31, 2011 versus the year ago period. The downturn in FY '08 earnings (A criteria) history also makes the Retail - Restaurants firm fall below the guidelines of the investment system.
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SFLY - NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other Shutterfly Inc	$62.97	+6.44 11.39%	$66.70	$66.70	-5.59%	1,816,175 349.60%	519,500
Most Recent Note for SFLY - 4/28/2011 1:56:02 PM Gapped up for another 52-week and all-time high today. The 4/25/11 mid-day report and earlier reports noted - "Sales revenues and earnings history are below the investment system guidelines."
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SOHU - NASDAQ - INTERNET - Internet Information Providers Sohu.com Inc	$105.09	-1.07 -1.01%	$109.37	$109.37	-3.91%	1,855,243 106.80%	1,737,200
Most Recent Note for SOHU - 4/28/2011 1:59:06 PM Wider than usual intra-day price swings are indicative of uncertainty. It hit another new high today before reversing into the red. Gapped up for a considerable gain on 4/25/11 for a new all-time high after reporting earnings +31% on +35% sales revenues for the quarter ended March 31, 2011 versus the year ago period. The 4/27/11 mid-day report noted -"No resistance remains due to overhead supply as it recently rose above its February high and June 2008 all-time high ($91.50). Recent quarterly comparisons show accelerating sales revenues. Its annual earnings history (A criteria) includes a downturn in FY '09 earnings, raising concerns with respect to the strict fundamental guidelines of the fact-based investment system."
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SSYS - NASDAQ - COMPUTER HARDWARE - Computer Peripherals Stratasys Ltd	$53.57	-1.86 -3.36%	$55.01	$55.66	-3.75%	381,884 103.21%	370,000
Most Recent Note for SSYS - 4/28/2011 1:59:49 PM Pulling back today, it 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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VOCS - NASDAQ - COMPUTER SOFTWARE & SERVICES - Tech Services Vocus Inc	$29.50	+1.58 5.66%	$29.53	$29.82	-1.07%	225,444 203.84%	110,600
Most Recent Note for VOCS - 4/28/2011 2:01:46 PM Hit a new 52-week high today with a second consecutive big gain on heavy volume. Fundamentals are below the investment system guidelines. It survived but failed to impress since it was dropped from the Featured Stocks list on 1/7/08.
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VRTU - NASDAQ - COMPUTER SOFTWARE & SERVICES - Information Technology Service Virtusa Corp	$18.50	-0.03 -0.16%	$18.70	$18.96	-2.43%	59,944 106.85%	56,100
Most Recent Note for VRTU - 4/28/2011 2:05:37 PM Hovering in a tight range near its 52-week and all-time highs, building an orderly base-on-base type pattern. Recent quarterly comparisons show sales revenues and earnings improving after a streak of negative comparisons. Last noted in the 4/04/11 mid-day report - "Its earnings history has been below the investment system's guidelines."
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