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 MIDDAY BREAKOUTS REPORT - FRIDAY, MAY 13TH, 2011
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DOW 12572.29 -123.63 (-0.97%) | NASDAQ 2832.81 -30.23 (-1.06%) | S&P 500 1336.5 -12.15 (-0.90%)
Time of Screening : 5/13/2011 11:57:46 AM         Report Released : 5/13/2011 1:24:01 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
Max Buy
HS -

$43.12 +1.28
3.06%
$44.12 887,844
96.02% of 50 DAV
50 DAV is 924,600
$44.47
-3.04%
3/22/2011 $38.29 PP = $38.85
MB = $40.79
Most Recent Note - 5/13/2011 12:32:47 PM
G - Off its early highs after a small gap up today. It is extended from any sound base. Prior highs define important chart support to watch along with its 50 DMA line in the $39-40 area, where subsequent violations would trigger technical sell signals.
>>> The latest Featured Stock Update with an annotated graph appeared on 4/21/2011. Click here.
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Symbol - Exchange - Industry Group
Company Name
Last Chg Day
High
52 WK Hi % From Hi Volume
% DAV
DAV
A - NYSE - Medical- Research Equipment/Services
Agilent Technologies Inc
$52.47 +2.14
4.25%
$55.33 $55.33 -5.17% 5,800,733
158.16%
3,667,600
Most Recent Note for A - 5/13/2011 12:01:44 PM
Gapped up today for a considerable gain and new 52-week high. Reported earnings per share +72% on +32% sales revenues for the quarter ended march 31, 2011 versus the year ago period. Prior mid-day reports noted - "The C criteria is satisfied by quarterly earnings increases above the +25% guideline, however the downturn in FY '09 earnings is a flaw concerning the A criteria."
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AET - NYSE - HEALTH SERVICES - Health Care Plans
Aetna Inc
$43.59 +0.76
1.77%
$43.93 $43.93 -0.78% 3,424,707
87.35%
3,920,500
Most Recent Note for AET - 5/13/2011 12:03:15 PM
Small gap up today for another new 52-week high. Prior mid-day reports noted - "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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AFSI - NASDAQ - INSURANCE - Property &; Casualty Insurance
Amtrust Financial Svcs
$20.34 -0.07
-0.34%
$20.68 $20.68 -1.64% 73,090
58.05%
125,900
Most Recent Note for AFSI - 5/13/2011 12:06:45 PM
Inching higher with volume-driven gains in the past 2 weeks for new 52-week highs, gradually rising from an orderly base. The 5/05/11 mid-day report noted - "Group RS rating currently is D, not reassuring concerning the L criteria. Earnings increase of +46% for the Mar '11 quarter was the first comparison in more than 2 years with a better than +25% increase."

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CACC - NASDAQ - FINANCIAL SERVICES - Credit Services
Credit Acceptance Corp
$78.58 -1.15
-1.44%
$79.77 $82.29 -4.51% 18,758
61.70%
30,400
Most Recent Note for CACC - 5/13/2011 12:13:02 PM
This high-ranked leader in the Finance - Consumer Loans industry is thinly traded (30,400 shares average daily volume) and has a small supply (S criteria) of shares outstanding. It was noted in the 5/11/11 mid-day report - "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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CI - NYSE - Medical-Managed Care
Cigna Corp
$48.62 +0.57
1.19%
$49.31 $49.31 -1.40% 1,594,307
64.31%
2,479,200
Most Recent Note for CI - 5/13/2011 12:16:04 PM
Gapped up today for a new 52-week high amid strength in the Medical- Managed Care group, a leading (L criteria) industry group. Sales revenues and earnings history are below the investment system's guidelines.
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CTRX - NASDAQ - COMPUTER SOFTWARE & SERVICES - Healthcare Information Service
Catamaran Corp
$60.45 +1.11
1.87%
$61.11 $62.00 -2.50% 200,907
58.61%
342,800
Most Recent Note for CTRX - 5/13/2011 12:42:47 PM
Holding its ground stubbornly after 4 consecutive volume-driven gains for new 52-week and all-time highs. The 5/10/11 mid-day report noted - "Extended from a sound base, yet it faces no resistance due to overhead supply. Ownership by top-rated funds has been increasing, rising from 453 in Jun '10 to 579 in Mar '11, a reassuring sign concerning the I criteria. Reported earnings +27% on +143% sales revenues for the quarter ended March 31, 2011 versus the year ago period. The 3 prior quarterly comparisons showed earnings increases below the +25% guideline."
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DAR - NYSE - Agricultural Operations
Darling International
$17.31 +1.54
9.77%
$17.36 $17.39 -0.46% 2,822,699
300.86%
938,200
Most Recent Note for DAR - 5/13/2011 12:21:10 PM
Gapped up for a new 52-week high today, breaking out of an orderly base-on-base type pattern after finding support near prior highs and its 50 DMA line. It completed a 1/28/11 Public Offering. Sales and earnings history are below the investment system's guidelines. It put up 2 consecutive quarters of robust sales revenues and earnings increases following a downturn and negative comparisons in prior quarters and in FY '09.
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DMND - NASDAQ - FOOD &; BEVERAGE - Processed &; Packaged Goods
Diamond Foods Inc
$69.27 +1.22
1.79%
$69.93 $69.93 -0.94% 266,062
76.59%
347,400
Most Recent Note for DMND - 5/13/2011 12:23:40 PM
Extended from a sound base pattern, wedging to new all-time highs without great volume conviction behind most gains in recent weeks. Gapped up on 4/05/11 news it would buy Procter & Gamble's Pringles. Strong earnings history in recent years (A criteria), and earnings rose +90% on +40% sales revenues in the quarter ended January 31, 2011 versus the year ago period. Quarterly earning were reported -24% for the Oct '10 period. Small supply of only 22 million outstanding shares (S criteria) could contribute to greater volatility in the event of any institutional maneuvering.
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FEIC - NASDAQ - ELECTRONICS - Diversified Electronics
F E I Co
$39.72 +0.89
2.29%
$40.24 $40.24 -1.29% 468,866
132.97%
352,600
Most Recent Note for FEIC - 5/13/2011 12:28:21 PM
Concern were previously noted because its annual earnings (A criteria) history was up and down, yet recent fundamental and technical action has been a better match for winning models of the fact-based investment system. It is clear of all resistance due to overhead supply, however it is extended from its recent base after spiking to new 52-week highs and now above multi-year highs (above its 2007 high) this week with a spurt of volume-driven gains. Disciplined investors may watch for sound buy points to develop and be noted in the weeks ahead if the broader market (M criteria) rally continues. Sales revenues and earnings increases (C criteria) have shown impressive acceleration in recent quarterly comparisons.

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GME - NYSE - RETAIL - Electronics Stores
Gamestop Corp Cl A
$26.67 +0.74
2.85%
$27.69 $27.69 -3.68% 3,080,782
66.15%
4,657,100
Most Recent Note for GME - 5/13/2011 12:30:16 PM
Gapped up today for a new 52-week high. Fundamentals are below the investment system's guidelines. It survived but failed to impress since noted on 1/16/08 as it was dropped from the Featured Stocks list.
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KEM - NYSE - ELECTRONICS - Diversified Electronics
Kemet Corp
$16.27 -0.18
-1.09%
$16.40 $17.05 -4.57% 233,936
76.13%
307,300
Most Recent Note for KEM - 5/13/2011 12:36:57 PM
Technically it broke out from a cup-with-handle type base pattern with a considerable volume-driven gain on the prior session. Perched within close striking distance of its 52-week high today. Completed a Secondary Offering on 12/14/10. Recent quarters show improving sales and earnings following losses in FY '09 and '10. Shares were reverse split 1:3 effective 11/08/10.
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SIMO - NASDAQ - ELECTRONICS - Semiconductor - Specialized
Silicon Motion Tech Ads
$13.27 +0.52
4.08%
$13.44 $13.44 -1.26% 433,153
86.67%
499,800
Most Recent Note for SIMO - 5/13/2011 12:39:04 PM
Touched another new 52-week high today, getting very extended from any sound base (trading more than +100% above its 200 DMA line) after a spurt of considerable volume-driven gains. Reported earnings of 18 cents per share versus a 1 cent loss on +65% sales revenues for the quarter ended March 31, 2011 versus the year ago period. Noted in recent mid-day reports - "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 dropped from the Featured Stocks list on 7/26/07."
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TTWO - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software
Take-Two Interactv Sftwr
$16.37 +0.38
2.38%
$16.62 $16.75 -2.27% 842,292
64.11%
1,313,800
Most Recent Note for TTWO - 5/13/2011 1:02:47 PM
Challenged its 52-week high today. Found support near its 50 DMA line during an orderly 13-week flat base. Last noted in the 2/09/11 mid-day report - "Recent quarters show sales and earnings improving but prior history has been erratic and below the fact-based system's guidelines."

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TYPE - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software
Monotype Imaging Hldgs
$15.25 +0.02
0.10%
$15.33 $15.49 -1.58% 322,552
178.80%
180,400
Most Recent Note for TYPE - 5/13/2011 1:05:43 PM
Holding it ground following a 5/11/11 gap up and technical breakout from an orderly base for a new 52-week high. Clear of resistance due to overhead supply and perched within close striking distance of its all-time high. Its streak of gains with above average volume was noted as a sign of institutional accumulation after finding prompt support near its 50 DMA line. Annual earnings history included a downturn in FY '09, a flaw with respect to the A criteria. The latest 3 quarterly comparisons through Mar '11 show sales revenues and earnings improving versus the year ago period(s) after a patch of negative comparisons.
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UFS - NYSE - MANUFACTURING - Paper & Packaging
Domtar Corp
$103.48 -1.52
-1.45%
$105.58 $105.82 -2.21% 414,416
58.75%
705,400
Most Recent Note for UFS - 5/13/2011 1:07:12 PM
Perched at its 52-week high after a streak of volume-driven gains, extended from any sound base pattern. No resistance is remaining due to overhead supply. Prior mid-day reports have noted - "Recent quarters showed much better 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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UTEK - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate
Ultratech Inc
$33.66 +1.19
3.66%
$33.85 $33.85 -0.56% 278,494
83.66%
332,900
Most Recent Note for UTEK - 5/13/2011 1:13:06 PM
Hit another new 52-week high today, getting more extended from any sound base pattern. Recent quarterly comparisons show sales revenues and earnings improving greatly over the year-ago period, however its prior history included a drastic downturn in FY '09 which is a flaw concerning the A criteria of the fact-based system.
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VRTU - NASDAQ - COMPUTER SOFTWARE & SERVICES - Information Technology Service
Virtusa Corp
$20.41 +0.15
0.74%
$21.11 $21.11 -3.32% 60,238
92.53%
65,100
Most Recent Note for VRTU - 5/13/2011 1:21:02 PM
No overhead supply remains to act as resistance today. It hit another new 52-week with its second considerable volume-driven gain. Rallied above its 2007 all-time high ($19.97) after technically rallying from a very orderly base-on-base type pattern. Recent quarterly comparisons show sales revenues and earnings improving after a streak of negative comparisons. Annual earnings (A criteria) history has not been especially strong and included a downturn in FY '09.
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WLP - NYSE - HEALTH SERVICES - Health Care Plans
Wellpoint Inc
$81.12 +1.12
1.40%
$81.80 $81.80 -0.83% 2,498,576
82.65%
3,023,200
Most Recent Note for WLP - 5/13/2011 1:23:32 PM
Hit a new 52-week high today, getting more extended from any sound base. Last noted in the 1/20/10 mid-day report - "Widespread leadership (L criteria) in the healthcare group prompted the recent appearances of other HMOs. There are fundamental flaws for many large HMOs because earnings and sales revenues have been erratic and sub par with respect to the investment criteria. Policy makers can be expected to have an impact with their legislative maneuvering."

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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, service marks and trade names appearing in this report are the property of their respective owners, and are likewise used for identification purposes only.

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