Mid-Day Breakouts Report - Wednesday, May 11th, 2011

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, MAY 11TH, 2011
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DOW 12611.19 -149.17 (-1.17%) | NASDAQ 2838.37 -33.52 (-1.17%) | S&P 500 1340.55 -16.61 (-1.22%)

Time of Screening : 5/11/2011 11:45:12 AM Report Released : 5/11/2011 1:42:24 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

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
OPNT -	$41.21	-0.22 -0.53%	$41.95	87,459 63.06% of 50 DAV 50 DAV is 138,700	$42.51 -3.06%	5/11/2011	$41.21	PP = $40.50 MB = $42.53
Most Recent Note - 5/11/2011 1:22:56 PM Y - Pulling back today after spiking to a new 52-week high with a considerable gain with heavy volume on the prior session. Following solid earnings news it rallied from a late stage flat base above its 50 DMA line. Technically it triggered a buy signal with its strong close on heavy volume following its mid-day report appearance on the prior session. Color code is changed to yellow with pivot point based on its 4/04/11 high plus ten cents. Recent quarters showed improving sales and earnings. Strength and leadership (L criteria) in the Computer Software - Database group is reassuring. Ownership by top-rated funds has also been on the rise, a reassuring sign concerning the I criteria. 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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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ASMI - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate A S M International Adr	$45.20	+1.31 2.99%	$45.40	$45.40	-0.44%	81,570 78.96%	103,300
Most Recent Note for ASMI - 5/11/2011 11:51:48 AM Hit a new 52-week high today. It found support above prior highs in the $41 area during its recent consolidation. Prior mid-day reports noted - "Recent quarters show sales and earnings improving but prior history is below the fact-based system's guidelines. Quarterly and annual earnings results include blue triangles beside the reported earnings figures - the blue triangles are symbols indicating that pre-tax, non-recurring items were included (where possible, such items are normally removed to provide data better suited for comparison)."
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BOX - NYSE - Computer Sftwr-Database Box Inc Cl A	$16.53	+0.12 0.73%	$16.54	$17.27	-4.28%	157,765 162.14%	97,300
Most Recent Note for BOX - 5/11/2011 12:02:51 PM It has formed an orderly flat base and recently found support near its 50 DMA line. Poised for a new high close with a gain today on above average volume. Quarterly and annual earnings increases have not been strong and steady, and sales revenues increases have been sub par.
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CACC - NASDAQ - FINANCIAL SERVICES - Credit Services Credit Acceptance Corp	$78.51	+0.48 0.62%	$79.11	$82.29	-4.59%	31,820 108.23%	29,400
Most Recent Note for CACC - 5/11/2011 12:11:11 PM Found support near its 200 DMA line after 1/18/11 when dropped from the Featured Stocks list, and it subsequently rebounded and rallied to new highs. There is no overhead supply to act as resistance, however it is extended from any sound base pattern. Disciplined investors may watch for a new base or secondary buy point to possibly develop and be noted.
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CLFD - NASDAQ - TELECOMMUNICATIONS - Cables / Satalite Equipment Clearfield Inc	$6.71	+0.01 0.14%	$6.84	$6.87	-2.34%	76,600 83.90%	91,300
Most Recent Note for CLFD - 5/11/2011 12:17:56 PM Low-priced Telecom -Fiber Optics firm has shown minuscule revenues but improving sales revenues and earnings in the 3 latest quarterly comparisons. Technically it rose from a double bottom base pattern in late-April with volume driven-gains. Today it is challenging its 52-week high.
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DKS - NYSE - SPECIALTY RETAIL - Sporting Goods Stores Dicks Sporting Goods Inc	$41.81	-0.03 -0.07%	$42.49	$42.49	-1.60%	1,122,597 84.81%	1,323,700
Most Recent Note for DKS - 5/11/2011 12:25:56 PM Touched a new all-time high today and then reversed into the red. Recently found support near its 50 DMA line but it has not formed a sound base pattern. Stubbornly held its ground since volume-driven gains helped it rally above the $38 resistance after rallying above its 2007 all-time high ($36.77). It has earned high ranks, but its annual earnings (A criteria) history has been below guidelines and sales revenues increases have not been especially strong.
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ECPG - NASDAQ - FINANCIAL SERVICES - Credit Services Encore Capital Group Inc	$30.98	+0.88 2.92%	$31.85	$31.85	-2.73%	117,014 93.02%	125,800
Most Recent Note for ECPG - 5/11/2011 12:31:29 PM Hit a new 52-week high with today's gain on above average volume. Volume-driven gains prompted recent mid-day report appearances and it has stubbornly held its ground. As previously noted - "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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ESIO - NASDAQ - ELECTRONICS - Diversified Electronics Electro Scientific Ind	$19.22	+0.87 4.74%	$19.99	$19.99	-3.85%	113,110 141.56%	79,900
Most Recent Note for ESIO - 5/11/2011 12:34:07 PM Gapped up today and spiked to a new 52-week high. Volume-driven gains helped it technically break out above recent resistance in the $18 area. The 5/06/11 mid-day report noted - "Sales and earnings history has been erratic."
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FEIC - NASDAQ - ELECTRONICS - Diversified Electronics F E I Co	$38.16	-1.15 -2.93%	$38.43	$39.49	-3.37%	315,869 89.86%	351,500
Most Recent Note for FEIC - 5/11/2011 12:38:09 PM Small gap down today after spiking to new 52-week and multi-year highs (above its 2007 high) with a spurt of volume-driven gains. Reported earnings +200% on +32% sales revenues for the quarter ended March 31, 2011 versus the year ago period. Noted in prior mid-day reports - "Earnings increases versus the year earlier were greatly improved. 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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GRC - AMEX - MANUFACTURING - Diversified Machinery Gorman-Rupp Co	$45.42	+1.15 2.60%	$45.92	$45.92	-1.09%	58,842 194.20%	30,300
Most Recent Note for GRC - 5/11/2011 12:43:14 PM Hit another new 52-week high today after yet another gap up gain with above average volume. Recent mid-day reports noted - "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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HSTM - NASDAQ - INTERNET - Internet Service Providers Healthstream Inc	$11.77	+0.50 4.44%	$11.86	$11.86	-0.76%	92,517 146.39%	63,200
Most Recent Note for HSTM - 5/11/2011 12:45:37 PM Hit yet another new 52-week high with above average volume behind today's 5th consecutive gain. In recent mid-day reports it was noted - "After a breakaway gap on 4/26/11 after reporting +75% earnings on +25% sales revenues for the quarter ended March 31, 2011 versus the year ago period. Prior quarterly and annual (C and A criteria) has been below the fact-based investment system guidelines."
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IPCM - NASDAQ - HEALTH SERVICES - Hospitals I P C The Hospitalist Co	$50.44	-0.69 -1.35%	$50.82	$52.25	-3.46%	53,690 57.73%	93,000
Most Recent Note for IPCM - 5/11/2011 12:50:52 PM Stubbornly holding its ground since rallying to a new all-time high with heavy volume behind its 4/28/11 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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LABL - NASDAQ - CONSUMER NON-DURABLES - Packaging & Containers Multi Color Corp	$21.75	+2.00 10.13%	$21.95	$21.96	-0.96%	46,361 147.18%	31,500
Most Recent Note for LABL - 5/11/2011 12:56:37 PM Gapped up today, rallying for a considerable volume-driven gain challenging its 52-week high. No overhead supply remains to act as resistance. Recent quarterly comparisons showed stronger sales and earnings increases. However, its prior earnings history is has not been strong and steady enough to match the fact-based investment system guidelines.
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LQDT - NASDAQ - INTERNET - Internet Software &; Services Liquidity Services Inc	$20.16	-0.70 -3.36%	$20.66	$20.87	-3.40%	97,021 80.05%	121,200
Most Recent Note for LQDT - 5/11/2011 1:02:55 PM Pulling back today, erasing the prior gain after hitting a new 52-week high with volume-driven gains. It found support above prior chart highs since last noted in the 4/05/11 mid-day report -"Its sub par fundamentals are below the investment system guidelines. On 2/28/08 it was dropped from the CANSLIM.net Featured Stocks list and fundamentals subsequently turned south."
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MPAA - NASDAQ - AUTOMOTIVE - Auto Parts Motorcar Parts Of Amer	$14.89	+0.06 0.40%	$14.94	$15.10	-1.39%	45,035 86.44%	52,100
Most Recent Note for MPAA - 5/11/2011 1:05:18 PM Holding its ground and churning above average volume without meaningful price progress above resistance since the 5/09/11 mid-day report noted - "Gapped up today, challenging its 52-week high. The $15 area has acted as stubborn resistance in recent months while building on a previously noted base-on-base type pattern. 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. Sales revenues increases have been sub par. It is fundamentally below guidelines of the fact-based investment system."
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RTEC - NYSE - ELECTRONICS - Scientific & Technical Instrum Rudolph Technologies Inc	$12.55	+0.14 1.13%	$12.60	$12.60	-0.40%	163,201 61.59%	265,000
Most Recent Note for RTEC - 5/11/2011 1:26:24 PM Today's 7th consecutive gain helped it hit yet another new 52-week high. No overhead supply remains to act as resistance. Reported earnings +136% on +25% sales revenues for the quarter ended March 31, 2011 versus the year ago period. Recent quarters showed much better sales and earnings increases versus the year earlier. Prior quarterly comparisons and annual earnings (A criteria) growth has been erratic and below guidelines of the fact-based investment system. Consensus estimates for -1% earnings in FY '11 are a concern.
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SHOO - NASDAQ - CONSUMER NON-DURABLES - Textile - Apparel Footwear Steven Madden Limited	$54.90	-0.85 -1.52%	$55.74	$55.97	-1.91%	171,457 62.12%	276,000
Most Recent Note for SHOO - 5/11/2011 1:29:11 PM Stubbornly held its ground and rallied to a new 52-week high since the 5/05/11 mid-day report noted - "Reported earnings +15% on +26% sales for the quarter ended March 31st. Perched near its 52-week high. Prior highs in the $46-47 area may now act as support on pullbacks. A recent spurt of volume-driven gains helped it clear a cup-with-handle base formed since it was dropped from the Featured Stocks list on 1/21/11. It found support near its 200 DMA line in the interim."
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TDG - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products &; Services Transdigm Group Inc	$82.93	-0.11 -0.13%	$83.55	$85.38	-2.87%	147,810 68.88%	214,600
Most Recent Note for TDG - 5/11/2011 1:30:34 PM Still holding its ground and churning above average volume without making meaningful price progress. It was noted in 2 mid-day reports last week - "Perched within close striking distance of its all-time high with no resistance due to overhead supply. Recent quarterly comparisons show sales and earnings increases with acceleration following a streak of weak or negative comparisons. In recent years it has rebounded and rallied to new highs following a deep consolidation after it was dropped from the Featured Stocks list 1/17/08."
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TYPE - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Monotype Imaging Hldgs	$15.35	+1.06 7.42%	$15.49	$15.49	-0.90%	379,827 239.34%	158,700
Most Recent Note for TYPE - 5/11/2011 1:36:38 PM Gapped up today for a new 52-week high and its 6th gain with average volume in the span of 7 sessions. Promptly repaired a 50 DMA violation, a sign of great support since it was last noted in the 4/04/11 mid-day report - "Found support above its 50 DMA line recently while consolidating since a considerable breakaway gap on 2/17/11 following earnings news. Sales and earnings history are below the fact-based system's guidelines."
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UTEK - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Ultratech Inc	$32.40	-0.36 -1.08%	$32.60	$33.03	-1.92%	239,634 73.26%	327,100
Most Recent Note for UTEK - 5/11/2011 1:40:26 PM Held its ground above prior chart highs since its 4/25/11 gap up. Rallied to another new 52-week high with a considerable volume-driven gain on the prior session. Found prompt support near its 50 DMA line in recent months. Prior mid-day reports noted - "Recent quarters show sales and earnings improving but prior history is below the fact-based system's guidelines."
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