Mid-Day Breakouts Report - Monday, May 16th, 2011

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MIDDAY BREAKOUTS REPORT - MONDAY, MAY 16TH, 2011
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DOW 12579.21 -16.54 (-0.13%) | NASDAQ 2802.05 -26.42 (-0.93%) | S&P 500 1334.13 -3.64 (-0.27%)

Time of Screening : 5/16/2011 11:36:27 AM Report Released : 5/16/2011 1:56:57 PM
Price is: Above 52W High and Less Than 52W High but within 5% 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
AAP - NYSE - RETAIL - Auto Parts Stores Advance Auto Parts Inc	$72.16	+2.75 3.96%	$72.32	$72.32	-0.22%	2,244,166 232.22%	966,400
Most Recent Note for AAP - 5/16/2011 11:45:09 AM Perched at its 52-week high, pulling back today after a streak of volume-driven gains last week helped it technically break out of a long flat base pattern. Recent quarterly comparisons showed strong earnings, however sub par sales revenues growth has been a concern while increases have been in the +7-11% range. Autozone Inc (AZO) and similar players (MNRO & ORLY) in the auto-repair arena have been noted in recent months while consumers have been fixing their old cars instead of buying new cars they cannot afford.
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AFSI - NASDAQ - INSURANCE - Property &; Casualty Insurance Amtrust Financial Svcs	$20.63	+0.19 0.94%	$20.95	$20.95	-1.52%	120,658 95.53%	126,300
Most Recent Note for AFSI - 5/16/2011 11:48:06 AM Still inching higher today for another new 52-week high. Volume-driven gains in the past 2 weeks helped it gradually rise from an orderly base pattern since 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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ASPS - NASDAQ - REAL ESTATE - Property Management/Developmen Altisource Ptf Sltns Sa	$34.54	+0.09 0.26%	$34.69	$34.69	-0.43%	134,230 191.48%	70,100
Most Recent Note for ASPS - 5/16/2011 11:59:21 AM In recent months it built an orderly base-on-base type pattern and technically broke out with a considerable gain on 4/20/11. Subsequent volume driven gains helped its Relative Strength Rank improve while getting extended from prior highs. Disciplined investors may watch for secondary buy points or a sound new base to possibly be formed and noted. This Luxembourg-based Financial Services firm's small supply (S criteria) of only 16.8 million shares in the public float can contribute to greater volatility in the event of institutional buying or selling. After it was dropped from the Featured Stocks list on 10/07/10 it then violated its 200 DMA with a streak of volume-driven losses before rebounding back above its 200 DMA and 50 DMA lines.
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AVD - NYSE - CHEMICALS - Agricultural Chemicals American Vanguard Corp	$10.06	+0.04 0.40%	$10.12	$10.49	-4.10%	167,177 217.40%	76,900
Most Recent Note for AVD - 5/16/2011 12:04:30 PM Technically it broke out with volume-driven gains in recent weeks to new 52-week highs. Recent quarterly comparisons show sales revenues and earnings improving after a streak of negative comparisons after a downturn and loss in FY '09. Erratic earnings history makes it, fundamentally, below the investment system guidelines.
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CHRM - NASDAQ - MEDIA - Advertising Agencies Charm Comm Cl A Ads	$12.00	+0.00 0.00%	$12.07	$12.60	-4.76%	58,833 261.48%	22,500
Most Recent Note for CHRM - 5/16/2011 12:13:02 PM Today's 6th consecutive gain with above average volume has it challenging its 52-week high and no overhead supply remaining to act as resistance. Reported earnings +17% on +48% sales revenues for the quarter ended March 31, 2011 versus the year ago period, continuing a clear trend of sequential deceleration in its quarterly sales and earnings increases. Consensus estimates call for +14% earnings increase in FY '11.
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DAR - NYSE - Agricultural Operations Darling International	$17.98	+0.75 4.35%	$18.00	$18.09	-0.61%	1,045,615 105.34%	992,600
Most Recent Note for DAR - 5/16/2011 12:14:47 PM Gapped up for a second consecutive session and another new 52-week high today. It was noted in the 5/13/11 mid-day report - "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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ESL - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services Esterline Technologies	$73.15	-1.68 -2.25%	$75.09	$75.37	-2.95%	121,707 103.76%	117,300
Most Recent Note for ESL - 5/16/2011 12:20:45 PM Consolidating near prior highs after a rally last week above stubborn resistance in the $73 area to a new 52-week high. Last noted in the 1/18/11 mid-day report - "Erratic sales revenues and earnings history make the fundamentals questionable for this aerospace/defense firm."
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FEIC - NASDAQ - ELECTRONICS - Diversified Electronics F E I Co	$38.37	-1.12 -2.84%	$39.45	$40.24	-4.65%	292,601 79.90%	366,200
Most Recent Note for FEIC - 5/16/2011 12:25:00 PM Pulling back today, but extended from its recent base after spiking to new 52-week highs and multi-year highs (above its 2007 high) with volume-driven gains. Disciplined investors may watch for secondary buy points or a sound new base 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. 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.
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GWW - NYSE - WHOLESALE - Electronics Wholesale Grainger W W Inc	$151.00	-0.78 -0.51%	$153.60	$153.60	-1.69%	564,835 118.09%	478,300
Most Recent Note for GWW - 5/16/2011 12:33:29 PM Perched near its all-time high and no overhead supply remains to act as resistance. Recent quarters show improving sales revenues and earnings growth. The prior growth history for this Retail/Wholesale Building Products firm included a downturn in FY '09 which raises concerns with respect to the A criteria of the fact-based investment system's guidelines.
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HELE - NASDAQ - CONSUMER DURABLES - Appliances Helen Of Troy Ltd	$32.25	-0.85 -2.57%	$33.37	$33.63	-4.10%	134,517 78.44%	171,500
Most Recent Note for HELE - 5/16/2011 12:37:36 PM Showed great sales revenues and earnings increases in the latest quarter ended February 28, 2011 but prior quarterly sales revenues and earnings growth has not been strong and steady. Technically it broke out on 5/10/11 and faces no resistance due to overhead supply. It survived but failed to impress since last noted in the 7/12/04 mid-day report.
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ITC - NYSE - UTILITIES - Electric Utilities I T C Holdings Corp	$74.49	+0.24 0.32%	$74.67	$74.67	-0.24%	292,527 141.66%	206,500
Most Recent Note for ITC - 5/16/2011 12:40:08 PM Perched near its 52-week high today after a streak of 6 consecutive gains with above average volume. This Utility -Electric Power firm was last noted in the 10/05/10 mid-day report - "Fundamentals are below the C and A criteria (earnings growth guidelines)."
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NUAN - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Nuance Communications	$21.96	-0.24 -1.08%	$22.20	$22.93	-4.23%	2,296,663 93.42%	2,458,400
Most Recent Note for NUAN - 5/16/2011 12:53:51 PM It survived but failed to impress since last noted when weak action prompted it to be dropped from the Featured Stocks list on 12/12/07. Technically broke out on 5/09/11 to new 52-week and multi-year highs.
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OSIS - NASDAQ - Aerospace/Defense O S I Systems Inc	$40.09	-0.13 -0.32%	$40.62	$40.65	-1.38%	123,578 106.99%	115,500
Most Recent Note for OSIS - 5/16/2011 1:05:21 PM Perched near the new 52-week high hit last week with volume-driven gains helping it rise from an orderly base after recently finding support near its 200 DMA line. Annual earnings (A criteria) growth has been strong. Quarterly results have also shown strong earnings increases, but sales revenues growth has not been strong and steady, leaving fundamental concerns. Ownership by top-rated funds fell from 363 in Dec '10 to 351 in Mar '11.
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RKT - NYSE - CONSUMER NON-DURABLES - Paper & Paper Products Rock Tenn Co Cl A	$72.06	-1.31 -1.79%	$74.17	$75.40	-4.43%	801,909 111.78%	717,400
Most Recent Note for RKT - 5/16/2011 1:24:57 PM Found support near its 50 DMA line during its recent consolidation, and it spiked to a new 52-week high last week with volume-driven gains lifting it clear of resistance due to overhead supply. Last noted in the 4/27/11 mid-day report - "Recent quarterly comparisons showed sales revenues growing in the +8-11% range and its annual earnings (A criteria) showed a downturn in FY '10, giving investors causes for concern. It spiked higher following 1/23/11 news it was buying Smurfit-Stone Container (SSCC) for $3.5 Billion."
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SAPE - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Sapient Corporation	$14.52	+0.11 0.73%	$14.60	$14.60	-0.58%	1,466,860 122.89%	1,193,600
Most Recent Note for SAPE - 5/16/2011 1:29:32 PM Pulling back today, still perched near its 52-week high after a 5/06/11 technical breakout and additional volume-driven gains. Its quarterly earnings (C criteria) increases have been strong but a downturn in FY '09 earnings raises concerns with respect to the A criteria of the fact-based investment system. Based on weak action it was dropped from the Featured Stocks list on 9/29/08 at $7.06 and subsequently fell to $3.25 before rebounding and rallying to new multi-year highs.
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SLH - NYSE - REAL ESTATE - REIT - Hotel/Motel Solera Holdings Inc	$57.74	-0.01 -0.02%	$58.10	$58.10	-0.62%	399,395 99.87%	399,900
Most Recent Note for SLH - 5/16/2011 1:34:39 PM Holding its ground near its 52-week high after volume driven-gains last week helped it rally from an orderly base pattern. It reported earnings +16% on +8% sales for the quarter ended March 31, 2011 versus the year ago period. Last noted in the 11/04/11 mid-day report - "No overhead supply remains to act as resistance. It has a strong annual earnings (A criteria) history and showed very strong earnings per share increases in recent quarters, but its sub par sales revenues growth is a concern."
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TW - NASDAQ - Financial Svcs-Specialty Tradeweb Markets Cl A	$63.50	+0.51 0.81%	$63.68	$63.68	-0.28%	358,933 116.23%	308,800
Most Recent Note for TW - 5/16/2011 1:39:51 PM Quarterly and annual earning increases have not been strong and steady like the fundamentally superior candidates and winning models in the book, "How To Make Money In Stocks". Technically it faces no resistance after a big gain on heavy volume on 5/05/11 helped it technically break out top new 52-week and all-time highs.
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WAG - NYSE - RETAIL - Drug Stores Walgreen Company	$44.97	+0.04 0.09%	$45.00	$45.18	-0.46%	5,911,498 92.67%	6,379,200
Most Recent Note for WAG - 5/16/2011 1:42:21 PM Quarterly sales revenues and earnings increases and its annual earnings history are below the fact-based investment system's guidelines. Today's 6th consecutive gain has it hitting a new 52-week high.
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WRLD - NASDAQ - FINANCIAL SERVICES - Credit Services World Acceptance Corp	$66.50	-1.08 -1.60%	$67.82	$68.90	-3.48%	188,066 125.97%	149,300
Most Recent Note for WRLD - 5/16/2011 1:44:12 PM Still holding its ground in a tight range near its all-time highs. In 2 mid-day reports last week it was noted - "No resistance remains due to overhead supply. Reported earnings +19% on +11% sales revenues for the quarter ended March 31, 2011 versus the year ago period. Sales revenues increases in the +10-13% range are a sign of mediocre growth in demand for its products or services."
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WTW - NASDAQ - Insurance-Brokers Willis Towers Watson Plc	$82.69	+1.70 2.10%	$83.60	$83.60	-1.09%	1,781,158 154.47%	1,153,100
Most Recent Note for WTW - 5/16/2011 1:47:00 PM It made a considerable advance this year and is perched at its all-time high. Reported earnings +72% on +30% sales revenues for the quarter ended March 31, 2011 versus the year ago period, but its prior earnings and sales revenues growth history has been below the investment system's guidelines.
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WWW - NYSE - CONSUMER NON-DURABLES - Textile - Apparel Footwear Wolverine World Wide Inc	$38.90	-0.71 -1.79%	$39.79	$40.48	-3.90%	252,081 88.33%	285,400
Most Recent Note for WWW - 5/16/2011 1:48:32 PM Holding its ground near its 52-week high, consolidating above prior highs and its 50 DMA line. Last noted in the 4/20/11 mid-day report noted - "Sales revenues and earnings history is below the guidelines of the fact-based system."
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WYNN - NASDAQ - LEISURE - Gaming Activities Wynn Resorts Ltd	$146.27	-0.56 -0.38%	$149.52	$151.73	-3.60%	1,547,053 76.30%	2,027,700
Most Recent Note for WYNN - 5/16/2011 1:52:45 PM Pulling back today, quietly consolidating in a tight range in recent weeks, holding its ground perched near its 52-week high and above its 50 DMA line. Last noted in the 5/03/11 mid-day report - "The drastic downturn in FY '09 earnings remains a flaw with respect to the A criteria of the fact-based investment system. Its latest quarterly comparisons showed improving sales and earnings but its prior earnings history is below guidelines of the fact-based investment system. Based on weak technical action it was dropped from the Featured Stocks list 11/8/07 and subsequently fell from $136 to as low as $14.50 in March '09 before rebounding. Traded up +43% after it was featured in the 8/26/07 Special Report titled 'Stocks That Should Now Be On Your Watch List' with annotated graphs and commentary including our detailed CANSLIM.net Profile, What To Look For And What To Look Out For, and Technical Analysis summaries (read here)."
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