Mid-Day Breakouts Report - Wednesday, May 12th, 2010

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, MAY 12TH, 2010
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DOW 10866.53 118.27 (1.10%) | NASDAQ 2412.59 37.28 (1.57%) | S&P 500 1166.59 10.8 (0.93%)

Report Released : 5/12/2010 1:12:53 PM
Price is: Above 52W High and Less Than 52W High but within 0% 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
SUMR - NASDAQ Summer Infant Inc	$7.23	+0.22 3.14%	$7.26	52,020 103.21% of 50 DAV 50 DAV is 50,400	$7.26 -0.41%	5/4/2010	$6.85	PP = $7.09 MB = $7.44
Most Recent Note - 5/12/2010 1:03:06 PM Y - Hit a new 52-week high today and volume is running at an above average pace accompanying its gain above its pivot point. It found great support last week at its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 5/4/2010. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ATRO - NASDAQ - CONSUMER NON-DURABLES - Packaging & Containers Astronics Corp Cl A	$17.00	-0.23 -1.33%	$17.72	$17.72	-4.06%	32,681 81.50%	40,100
Most Recent Note for ATRO - 5/12/2010 12:06:08 PM Sales revenues and earnings history below guidelines.
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BIN - NYSE - DIVERSIFIED SERVICES - Waste Management Progressive Waste Soltns	$20.41	+0.12 0.59%	$20.68	$20.68	-1.31%	212,835 78.31%	271,800
Most Recent Note for BIN - 5/12/2010 12:07:13 PM Sales and earnings history below guidelines.
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CRUS - NASDAQ - ELECTRONICS - Semiconductor - Specialized Cirrus Logic Inc	$13.99	+0.21 1.52%	$14.32	$14.32	-2.31%	3,762,413 216.63%	1,736,800
Most Recent Note for CRUS - 5/12/2010 12:08:51 PM Gapped up for a third day in a row and hit another new 52-week high today. Technically it broke out from an orderly base on 3/30/10, and it found support near its 50 DMA line in the past week's market downdraft. Sales and earnings showed great increases in the 2 latest quarters after several negative comparisons versus the year ago period.
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CSTR - NASDAQ - Banks-Southeast Capstar Financial Hldgs	$52.25	+2.40 4.81%	$52.61	$52.61	-0.68%	685,530 60.79%	1,127,700
Most Recent Note for CSTR - 5/12/2010 12:10:37 PM Steadily climbing to new highs following a powerful "breakaway gap" on 4/30/10 to new multi-year highs. Recent quarterly comparisons show strong sales revenues and earnings increases (C criteria), but its annual earnings history is below guidelines of the fact-based system.
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DGIT - NASDAQ - MEDIA - Advertising Agencies Digital Generation Inc	$42.47	+1.91 4.71%	$42.47	$42.45	0.05%	204,769 60.49%	338,500
Most Recent Note for DGIT - 5/12/2010 12:14:02 PM Hit a new 52-week high today after holding its ground above its 50 DMA line last week. Prior mid-day reports noted its considerable gap up gain on 5/05/10 with heavy volume that helped it rise from an ascending base type pattern. Reported +116% earnings on +31% sales revenues for the quarter ended March 31, 2010 versus the year ago period, which was an encouraging acceleration in growth rate. It completed a Public Offering on 4/08/10.
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EGO - NYSE - METALS & MINING - Gold Eldorado Gold Corp	$18.00	+0.34 1.93%	$18.62	$18.62	-3.33%	8,510,418 178.22%	4,775,100
Most Recent Note for EGO - 5/12/2010 12:17:15 PM Canada-based mining firm gapped up again today, reaching another new all-time high. It reported big sales and earnings increases for the quarter ended March 31, 2010 and recently cleared resistance after it was noted in prior mid-day reports - "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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GIII - NASDAQ - CONSUMER NON-DURABLES - Textile - Apparel Footwear G Iii Apparel Group Inc	$30.52	+1.57 5.42%	$30.70	$31.20	-2.18%	129,666 65.85%	196,900
Most Recent Note for GIII - 5/12/2010 12:21:25 PM Rallying back toward its 52-week high after a last week's market downdraft led to a pullback near its 50 DMA line and prior chart highs. GIII's earnings history has been erratic and below guidelines of the fact-based investment system
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HAS - NASDAQ - CONSUMER DURABLES - Toys & Games Hasbro Inc	$42.37	+1.09 2.64%	$42.44	$42.47	-0.24%	1,137,583 62.85%	1,809,900
Most Recent Note for HAS - 5/12/2010 12:24:36 PM Found support near its 50 DMA line during last week's market downdraft, and today it hit a new 52-week high. Quarterly sales revenues and earnings comparisons have been below guidelines for this toymaker.
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MED - NYSE - SPECIALTY RETAIL - Specialty Retail, Other Medifast Inc	$34.94	+1.50 4.49%	$35.22	$36.58	-4.48%	801,142 85.96%	932,000
Most Recent Note for MED - 5/12/2010 12:35:39 PM Gapped up today, rallying near its 52-week high after a pullback near its 50 DMA line last week. It formed a deep cup shaped pattern as it sank -57% from its 12/28/09 high during its four and a half month consolidation. Recent quarterly sales and earnings (C criteria) comparisons have shown very strong increases versus the year ago period, and its annual earnings (A criteria) growth in recent years has also been strong.
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NFLX - NASDAQ - SPECIALTY RETAIL - Music & Video Stores Netflix Inc	$105.70	+5.88 5.89%	$107.36	$109.70	-3.65%	2,220,184 97.60%	2,274,800
Most Recent Note for NFLX - 5/12/2010 12:52:54 PM Gapped up today, rallying toward its all-time high. Giving its chart the look of a possible "climax run" in the making, it tallied considerable gains since its latest strong quarterly report. It is very strong in terms of key investment criteria, but extended from a sound base. NFLX rebounded impressively since it was dropped from the Featured Stocks list on 6/02/09 based on persistent trading under its 50 DMA line. It was first featured in yellow at $37.13 in the 1/29/09 CANSLIM.net Mid-Day Breakouts Report (read here).
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OPEN - NASDAQ - INTERNET - Internet Software & Services Opentable Inc	$41.14	+1.03 2.57%	$42.27	$42.27	-2.67%	208,926 147.76%	141,400
Most Recent Note for OPEN - 5/12/2010 12:55:28 PM Hit a new 52-week high today after a brief consolidation above support at its 50 DMA line and well above prior chart highs in the mid-$30 area. Action has been mostly bullish since its considerable 2/10/10 gap up gain with heavy volume. It got off to a very volatile start after its 5/11/09 IPO at $20, and it slumped for more than 4 months after it completed a Secondary Offering on 9/23/10. The C criteria is satisfied as earnings and sales revenues increases have been strong the 3 latest quarterly comparisons versus the year ago period.
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PRGO - NYSE - DRUGS - Drug Related Products Perrigo Co Plc	$64.17	+0.74 1.17%	$64.45	$64.59	-0.65%	693,708 58.87%	1,178,300
Most Recent Note for PRGO - 5/12/2010 12:58:48 PM Rallying near its 52 week high today after finding support near its 50 DMA line last week. Heavy volume was behind its considerable gain when noted in the 4/29/10 mid-day report as it hit a new all-time high after reporting earnings +52% on +6% better sales revenues for the quarter ended March 31, 2010 versus the year-ago period. Noted in the mid-day report on 3/23/10 when gapping up on news - "buying infant formula maker PBM Holdings Inc. for $808 million in cash. Technically it has risen from a '3-weeks tight' type pattern with its breakaway gap. Prior mid-day reports in early February noted that no overhead supply was there to act as resistance. The high-ranked Medical - Generic Drugs firm's sales revenues increases in the past 4 quarterly comparisons have been up in the +5% to +16% range, not especially strong and steady, and below the +25% guideline. It produced very strong earnings increases in the Sept and Dec '09 quarters, +61% and +56%, respectively. It also has a good annual earnings (A criteria) history."
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SLW - NYSE - METALS &; MINING - Silver Silver Wheaton Corp	$21.06	+0.30 1.45%	$21.58	$21.58	-2.41%	7,499,801 120.21%	6,238,900
Most Recent Note for SLW - 5/12/2010 1:01:25 PM Gapped up again today and hit another new all-time high, leaving it free from resistance due to overhead supply. Rallying after finding great support above prior chart highs during last week's market downdraft. Since last noted in the 4/16/10 mid-day report it rallied above its March 2008 high. This Vancouver-based firm in the Metal Ores - Gold/Silver industry has an up and down annual earnings (A criteria) history. Its quarterly comparisons in Sep and Dec '09 showed solid sales and earnings increases after 4 prior reports with negative comparisons versus the year ago period.
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SVM - NYSE - METALS & MINING - Silver Silvercorp Metals Inc	$8.89	+0.36 4.21%	$9.05	$9.05	-1.77%	1,811,692 126.12%	1,436,500
Most Recent Note for SVM - 5/12/2010 1:05:03 PM This low-priced Canadian mining company gapped up and hit a new 52-week high today. It encountered distributional pressure but found prompt support near its 50 DMA line amid widespread market weakness following its prior breakout above the $8.00 threshold. Poor annual earnings (A criteria) history is a fundamental concern. The 2 latest quarters showed solid sales revenues and earnings growth after negative comparisons in the prior 4 quarters.
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SXE - NYSE - COMPUTER SOFTWARE & SERVICES - Information Technology Service Southcross Energy Prn Lp	$36.63	+0.06 0.16%	$36.68	$37.15	-1.40%	412,987 158.54%	260,500
Most Recent Note for SXE - 5/12/2010 1:05:25 PM Holding its ground since gapping up on 5/07/10 on M&A news. It was dropped from the Featured Stocks list on 2/23/09.
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TRS - NASDAQ - MANUFACTURING - Diversified Trimas Corp	$10.34	+0.37 3.71%	$10.53	$10.76	-3.90%	186,947 229.10%	81,600
Most Recent Note for TRS - 5/12/2010 1:08:50 PM Rallying toward its 52-week high today after whipsaw-like action since noted in the 5/05/10 - "extended from any sound base pattern. It is up more than 10-fold from a low below $1.00 in March '09. Noted in recent mid-day reports - 'Quarterly and annual sales and earnings history is below guidelines of the fact-based system.'"
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VRX - NYSE - DRUGS - Drug Manufacturers - Other Valeant Pharmaceuticals	$49.14	+0.57 1.17%	$49.48	$50.00	-1.72%	1,221,569 92.06%	1,326,900
Most Recent Note for VRX - 5/12/2010 1:12:06 PM Rallying near its 52-week high today following last week's sharp rally and pullback to prior highs after a streak of 5 gains on heavy volume. 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 (A criteria remains a concern).
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