Mid-Day Breakouts Report - Monday, May 3rd, 2010

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MIDDAY BREAKOUTS REPORT - MONDAY, MAY 3RD, 2010
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DOW 11161.05 152.44 (1.38%) | NASDAQ 2501.52 40.33 (1.64%) | S&P 500 1201.68 14.99 (1.26%)

Report Released : 5/3/2010 1:12:06 PM
Price is: Above 52W High and Less Than 52W High but within 0% 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

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
BOFI - NASDAQ - BANKING - Savings & Loans B O F I Holding Inc	$18.36	+0.73 4.14%	NA	$19.27	-4.72%	97,701 85.11%	114,800
Most Recent Note for BOFI - 5/3/2010 12:13:11 PM Gapped up today near its all-time high reached last week. Very extended from any sound base. On 3/30/10 the company priced a Public Offering of 1.1 million shares. As previously noted, "small supply (S criteria) of only 4.42 million shares in the float could contribute to greater volatility. The Finance - Savings & Loan industry group's low Relative Strength rank raises concerns with respect to the L criteria."
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CNA - NYSE - INSURANCE - Property & Casualty Insurance C N A Financial Corp	$28.83	+0.71 2.52%	NA	$29.53	-2.37%	210,599 87.42%	240,900
Most Recent Note for CNA - 5/3/2010 12:16:36 PM Gapped up today and hit a new 52-week high. The 3 latest quarterly comparisons showed big sales revenues and earnings increases after a patch of several negative comparisons. Its annual earnings (A criteria) have been up and down, leaving fundamental concerns.
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CRUS - NASDAQ - ELECTRONICS - Semiconductor - Specialized Cirrus Logic Inc	$13.02	+0.31 2.44%	NA	$13.67	-4.75%	925,887 77.51%	1,194,600
Most Recent Note for CRUS - 5/3/2010 12:20:46 PM Holding its ground today following a negative reversal on 4/30/10 after reaching another new 52-week high. It spiked higher last week, rising since its considerable gap up gain on 4/27/10. Technically it broke out from an orderly base on 3/30/10, and now it is extended from a sound base. Sales and earnings showed great increases in the 2 latest quarters after several negative comparisons versus the year ago period.
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DLB - NYSE - ELECTRONICS - Diversified Electronics Dolby Laboratories Inc	$68.86	+0.14 0.21%	NA	$69.71	-1.21%	349,315 93.18%	374,900
Most Recent Note for DLB - 5/3/2010 12:29:55 PM Hit a new 52-week high today following a considerable gap up gain on 4/30/10. Concerns were raised based upon the intensified selling on 1/17/08, back when it was dropped from the Featured Stocks list as its 50 DMA line violation triggered technical sell signals. It has rebounded and rallied into new all-time high territory in recent months, however quarterly sales and earnings increases in all of its most current comparisons have been below the +25% investment system guidelines.
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EGO - NYSE - METALS & MINING - Gold Eldorado Gold Corp	$15.56	+0.28 1.83%	NA	$15.76	-1.27%	3,437,698 85.86%	4,003,700
Most Recent Note for EGO - 5/3/2010 12:34:12 PM Canada-based mining firm is stubbornly holding its recent gains near new all-time high ground. It was noted in the 4/30/10 mid-day report - "rising from a 16-week cup shaped base. Its Sep and Dec '09 quarterly sales and earnings increases showed improvement after negative comparisons and an erratic history."
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HLF - NYSE - DRUGS - Nutrition and Weight Management Herbalife Ltd	$48.94	+0.69 1.43%	NA	$49.48	-1.09%	518,831 76.77%	675,800
Most Recent Note for HLF - 5/3/2010 12:48:21 PM Perched within close striking distance of all-time highs, and due to report earnings news after the close. Results for the quarter ended Dec 31, 2009 showed increases in sales and earnings after 4 quarters of negative comparisons. It has rebounded impressively from its Bear Market lows, however its fundamentals are below guidelines, having slumped subsequent to the company's removal from the CANSLIM.net Featured Stocks list on 4/22/08 - details were then covered in the CANSLIM.net After Market Update with an annotated graph (read here).
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IDSA - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Industrial Svcs Of Amer	$19.34	+1.33 7.40%	NA	$20.28	-4.64%	130,618 144.65%	90,300
Most Recent Note for IDSA - 5/3/2010 12:50:04 PM Gapped up today, rising within close striking range of its 52-week high. The Louisville-based Pollution Control - Services firm has only 2.36 million shares (S criteria) in the public float, which could lead to more dramatic price volatility in the event of any abrupt institutional buying or selling. It was noted in recent mid-day reports -"spiked higher in recent weeks and is extended from any sound base. Based on weakness it was dropped from the Featured Stocks list on 9/09/08. Recent quarters showed a dramatic upturn in sales revenues and earnings after some negative comparisons."
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IGTE - NASDAQ - COMPUTER SOFTWARE & SERVICES - Information Technology Service Igate Corp	$12.85	+0.46 3.69%	NA	$13.40	-4.14%	116,110 75.64%	153,500
Most Recent Note for IGTE - 5/3/2010 12:54:59 PM Gapped up today, rallying toward its 52-week high after a brief consolidation. It was noted in the 4/13/10 mid-day report - "rising from a saucer-like pattern with volume running at an above average pace while it posts a 4th consecutive gain on ever increasing volume. Sales and earnings history are below guidelines of the fact-based system."
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ISIG - NASDAQ - WHOLESALE - Electronics Wholesale Insignia Systems Inc	$7.14	-0.04 -0.56%	NA	$7.25	-1.52%	51,335 103.50%	49,600
Most Recent Note for ISIG - 5/3/2010 12:57:37 PM Hovering near its 52-week high, not near a sound base. Fundamentals are below the investment system guidelines.
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RMD - NYSE - HEALTH SERVICES - Medical Appliances & Equipment Resmed Inc	$67.80	-0.63 -0.92%	NA	$70.65	-4.03%	453,356 88.96%	509,600
Most Recent Note for RMD - 5/3/2010 1:10:20 PM Holding its ground today after a gap up on 4/30/10 for new all-time highs, breaking out from short flat base above its 50 DMA line after its latest earnings news. Sales revenues and earnings increases were just below the +25% guideline in the quarter ended March 31, 2010. Earnings growth showed deceleration, after prior comparisons showed sub par sales revenues increases while it managed stronger earnings increases.
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VRX - NYSE - DRUGS - Drug Manufacturers - Other Valeant Pharmaceuticals	$46.47	+1.47 3.27%	NA	$46.82	-0.75%	1,041,519 113.64%	916,500
Most Recent Note for VRX - 5/3/2010 1:11:42 PM Gapped up for a 4th session in a row today and another new 52-week high. A considerable gain on 4/28/10 helped it rally up from its 50 DMA line on news of a small acquisition. It has made steady upward progress since noted in early January 2010 after rallying straight up from the bottom of a 7-week base. Recent quarterly comparisons versus the year ago period have shown strong sales revenues growth and impressive earnings increases (C criteria), however its up and down annual earnings (A criteria) history remains a concern.
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