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 MIDDAY BREAKOUTS REPORT - TUESDAY, MAY 4TH, 2010
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DOW 10918.15 -233.68 (-2.10%) | NASDAQ 2419.49 -79.25 (-3.17%) | S&P 500 1175.24 -27.02 (-2.25%)
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Report Released :
5/4/2010 1:29:52 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...
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 |
SUMR
- NASDAQ
Summer Infant Inc
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$6.85
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+0.10
1.48%
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NA
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52,346
119.51% of 50 DAV
50 DAV is 43,800
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$7.24
-5.39%
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5/4/2010 |
$6.85
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PP = $7.09
MB = $7.44 |
Most Recent Note - 5/4/2010 1:17:39 PM
Y - Inching into new high ground this week on the right side of a 7-week flat base above its 50 DMA line and well above prior chart highs in the $5 area. Color code is yellow with pivot point noted based upon its 3/15/10 high plus ten cents. Quarterly earnings (C criteria) in the 2 latest quarterly comparisons showed great increases while sales revenues growth accelerated to +27% in the period ended Mach 31, 2010. It has a good annual earnings (A criteria) history, and a small supply (S criteria) of only 11.0 million shares in the public float. Technically, a gain and strong close above its pivot point with heavy volume would trigger a buy signal.
There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below
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A N
S L
I M
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
CTSH
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Cognizant Tech Sol Cl A
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$51.79 |
-0.23
-0.44%
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NA
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$54.35
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-4.71% |
4,113,591
127.46%
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3,227,400
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Most Recent Note for CTSH - 5/4/2010 12:32:29 PM
Consolidating near its 50 DMA line, perched only -5% off its all-time high. It has not formed a recent sound base, but price/volume action has been mostly bullish. Sales revenues have shown acceleration, as the quarter ended March 31, 2010 showed better than +25% increases. Prior mid-day reports noted its quarterly sales revenues and earnings increases - "below or borderline with the investment system's minimum guidelines." Increasing top-rated institutional ownership (I criteria) is a reassuring sign. Annual earnings (A criteria) growth has been strong. On 4/11/07 this stock was dropped from the CANSLIM.net Featured Stocks list and it subsequently fell from $40+ to $14 before rebounding impressively.
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A N
S L
I M
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DLB
- NYSE - ELECTRONICS - Diversified Electronics
Dolby Laboratories Inc
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$66.24 |
-2.04
-2.99%
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NA
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$69.72
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-4.99% |
370,672
98.87%
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374,900
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Most Recent Note for DLB - 5/4/2010 12:39:48 PM
Pulling back today following a negative reversal on the prior session after a very big gap up gain on 4/30/10. Noted in the 5/03/10 mid-day report - "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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A N
S L
I M
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EGO
- NYSE - METALS & MINING - Gold
Eldorado Gold Corp
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$15.23 |
-0.31
-2.00%
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NA
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$15.76
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-3.36% |
3,526,619
88.08%
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4,003,700
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Most Recent Note for EGO - 5/4/2010 12:42:10 PM
Canada-based mining firm is consolidating near all-time highs ground following multiple gains with above average volume. 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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A N
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I M
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GRA
- NYSE - CHEMICALS - Specialty Chemicals
Grace W R & Co
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$29.01 |
-0.81
-2.72%
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NA
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$30.30
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-4.26% |
423,231
75.85%
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558,000
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Most Recent Note for GRA - 5/4/2010 12:45:59 PM
Hovering very near both its 52-week high and its 50 DMA line since its negative reversal on 4/30/10, when last noted in the mid-day report - "Its erratic quarterly and annual sales and earnings history fall short of the investment system's guidelines."
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A N
S L
I M
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HLF
- NYSE - DRUGS - Nutrition and Weight Management
Herbalife Ltd
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$50.39 |
+1.38
2.82%
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NA
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$53.00
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-4.92% |
1,553,229
229.84%
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675,800
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Most Recent Note for HLF - 5/4/2010 12:50:17 PM
Gapped up today and spiked to a new all-time highs after reporting earnings +44% on +19% better sales revenues for the quarter ended March 31, 2010 versus the year ago period. Noted in 5/03/10 mid-day report - "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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A N
S L
I M
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IPAR
- NASDAQ - CONSUMER NON-DURABLES - Personal Products
Inter Parfums Inc
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$16.90 |
-0.74
-4.20%
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NA
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$17.77
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-4.90% |
78,897
85.57%
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92,200
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Most Recent Note for IPAR - 5/4/2010 12:52:18 PM
Quietly consolidating near its 52-week high after a recent streak of gains backed by above average volume. Noted in 4/21/10 mid-day report - "Annual earnings (A criteria) have been flat since 2007 and quarterly results have shown sub par sales and earnings increases after a few negative comparisons."
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IPGP
- NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits
I P G Photonics Corp
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$18.78 |
-0.10
-0.53%
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NA
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$18.94
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-0.84% |
105,466
86.02%
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122,600
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Most Recent Note for IPGP - 5/4/2010 12:55:39 PM
Rose from a cup-with-handle type pattern on the prior session. Sales and earnings history has been erratic and below guidelines of the fact-based system.
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ISIG
- NASDAQ - WHOLESALE - Electronics Wholesale
Insignia Systems Inc
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$7.46 |
-0.08
-1.06%
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NA
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$7.54
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-1.06% |
37,233
75.07%
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49,600
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Most Recent Note for ISIG - 5/4/2010 12:58:27 PM
Pulling back today after surging to another new 52-week high on the prior session. Noted in 5/03/10 mid-day report - "not near a sound base. Fundamentals are below the investment system guidelines."
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SNCR
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software
Synchronoss Technologies
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$21.58 |
+1.60
8.01%
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NA
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$21.95
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-1.69% |
293,123
235.63%
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124,400
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Most Recent Note for SNCR - 5/4/2010 1:04:46 PM
Following its latest earnings news it gapped up today and hit a new 52-week high after a loss on the prior session with heavy volume tested support at its 50 DMA line. Annual earnings (A criteria) history is below guidelines of the fact-based system, marred by a downturn in FY '08. Recently showing better sales and earnings +25% or more in the 3 last comparisons (good C criteria) following a streak of negative comparisons.
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TEL
- NYSE - ELECTRONICS - Diversified Electronics
Te Connectivity Ltd
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$31.90 |
-0.96
-2.91%
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NA
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$32.98
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-3.29% |
2,077,712
85.03%
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2,443,600
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Most Recent Note for TEL - 5/4/2010 1:21:17 PM
Recent quarters show improving sales and earnings increases after a sharp downturn in earlier quarters, and its up and down annual earnings history is a concern. Gapped down today, pulling back after surging to new 52-week highs amid widespread tech sector leadership.
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VRX
- NYSE - DRUGS - Drug Manufacturers - Other
Valeant Pharmaceuticals
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$48.87 |
+1.63
3.45%
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NA
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$49.20
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-0.67% |
1,768,419
192.95%
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916,500
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Most Recent Note for VRX - 5/4/2010 1:28:56 PM
Its up and down annual earnings (A criteria) history remains a concern while hitting yet another new 52-week high today and getting extended with its 5th gain in a row on heavy volume. 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. Quarterly earnings increases (C criteria) have been strong and well above the +25% guideline. A downturn in FY '07 earnings tarnished its earnings track record.
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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.
We are not an investment advisor, hence it does
not endorse or recommend any securities or other investments.
Any recommendation contained in this report may not
be suitable for all investors and it is not to be deemed
an offer or solicitation on our part with respect to
the purchase or sale of any securities. All trademarks,
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are the property of their respective owners, and are
likewise used for identification purposes only.
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