Mid-Day Breakouts Report - Tuesday, May 24th, 2011

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MIDDAY BREAKOUTS REPORT - TUESDAY, MAY 24TH, 2011
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DOW 12365.94 -15.32 (-0.12%) | NASDAQ 2745.13 -13.82 (-0.50%) | S&P 500 1315.78 -1.59 (-0.12%)

Time of Screening : 5/24/2011 11:50:27 AM Report Released : 5/24/2011 1:50:38 PM
Price is: Above 52W High and Less Than 52W High but within 8% 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

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
CACC - NASDAQ - FINANCIAL SERVICES - Credit Services Credit Acceptance Corp	$76.37	-1.08 -1.39%	$78.20	$82.29	-7.19%	21,870 66.27%	33,000
Most Recent Note for CACC - 5/24/2011 11:57:35 AM This high-ranked leader in the Finance - Consumer Loans industry is thinly traded (33,000 shares average daily volume) and has a small supply (S criteria) of shares outstanding. It posted a solid gain on the prior session after consolidating near its 50 DMA line following distributional action since last noted in the 5/13/11 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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CHRM - NASDAQ - MEDIA - Advertising Agencies Charm Comm Cl A Ads	$11.91	-0.03 -0.21%	$12.00	$12.60	-5.48%	158,900 640.73%	24,800
Most Recent Note for CHRM - 5/24/2011 12:03:27 PM Perched within close striking distance of its 52-week high with no overhead supply remaining to act as resistance. Holding its ground stubbornly while churning heavy volume after a recently noted streak of 6 consecutive gains with above average volume. Prior mid-day reports noted - "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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EDMC - NASDAQ - DIVERSIFIED SERVICES - Education & Training Services Education Management Cp	$22.18	+1.30 6.23%	$22.30	$23.44	-5.38%	144,768 62.43%	231,900
Most Recent Note for EDMC - 5/24/2011 12:05:18 PM Recent quarterly comparisons showed sales revenues and earnings increases below the fact-based investment system's guidelines.
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FEIC - NASDAQ - ELECTRONICS - Diversified Electronics F E I Co	$39.20	+0.60 1.55%	$39.33	$40.24	-2.58%	264,658 69.28%	382,000
Most Recent Note for FEIC - 5/24/2011 12:16:48 PM Recently noted as 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. A new confirmed rally with follow-through day is also needed as proof the broader market (M criteria) is offering more favorable odds for investors using the fact-based system. 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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GME - NYSE - RETAIL - Electronics Stores Gamestop Corp Cl A	$28.25	+0.60 2.17%	$28.66	$28.66	-1.43%	2,904,528 57.77%	5,027,700
Most Recent Note for GME - 5/24/2011 12:19:43 PM Hit a new 52-week high today while adding to recent volume-driven gains above prior resistance at $27. Noted in recent mid-day reports - "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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MDCO - NASDAQ - DRUGS - Drug Manufacturers - Other Medicines Company	$16.93	+0.03 0.15%	$17.04	$17.73	-4.54%	275,329 90.84%	303,100
Most Recent Note for MDCO - 5/24/2011 12:26:53 PM Quietly perched within close striking distance of its 52-week high. Building on a long and orderly base-on-base type pattern. Prior mid-day reports noted - "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, so it is fundamentally below guidelines of the fact-based investment system."
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NVO - NYSE - DRUGS - Drug Manufacturers - Other Novo Nordisk A/S Adr	$123.54	+1.09 0.89%	$123.73	$132.88	-7.03%	205,219 69.59%	294,900
Most Recent Note for NVO - 5/24/2011 12:34:23 PM It has not formed a sound base pattern and its 50 DMA line was violated by a 5/05/11 gap down on high volume. That short-term average has subsequently acted as resistance, while gains above it would help its outlook, technically. Reported earnings +31% on +20% sales revenues for the quarter ended March 31, 2011, so its 3 latest quarterly comparisons have earnings increases above the +25% guideline (C criteria) . It has earned high ranks after demonstrating strong steady annual earnings (A criteria) growth. This Denmark-based Medical - Ethical Drug firm also has seen the number of top-rated funds owning its shares rise from 152 in Mar '10 to 209 in Mar '11, a reassuring sign concerning the I criteria.
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RKT - NYSE - CONSUMER NON-DURABLES - Paper & Paper Products Rock Tenn Co Cl A	$73.30	+2.59 3.66%	$73.45	$75.40	-2.79%	409,924 58.47%	701,100
Most Recent Note for RKT - 5/24/2011 12:43:38 PM Perched within close striking distance of its 52-week high while enduring mild distributional pressure in recent weeks. It faces very little resistance due to overhead supply. Prior mid-day reports noted- "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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RL - NYSE - CONSUMER NON-DURABLES - Textile - Apparel Clothing Ralph Lauren Corp Cl A	$130.71	+2.09 1.62%	$133.42	$136.50	-4.24%	749,607 108.34%	691,900
Most Recent Note for RL - 5/24/2011 12:49:48 PM Its recent lows and its 50 DMA line in the $126-127 area define near-term chart support. Holding its ground since reversing abruptly from its 52-week high amid the widely slumping retail group on 5/20/11. Reported earnings +56% on +24% sales revenues for the quarter ended December 31, 2010 versus the year ago period. Earnings increases were above the +25% guideline in 3 of the past 4 comparisons and it has maintained a good annual earnings (A criteria) history.
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SLG - NYSE - REAL ESTATE - REIT - Diversified/Industrial S L Green Realty Corp	$85.19	+0.44 0.52%	$85.45	$86.52	-1.54%	572,428 71.06%	805,600
Most Recent Note for SLG - 5/24/2011 1:09:05 PM Perched near its 52-week high. Quarterly and annual earnings history for this REIT has not been a good match with models of past great winners under the fact-based investment system guidelines.
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SQM - NYSE - CHEMICALS - Synthetics Sociedad Quimica Y Minra	$58.93	+1.40 2.43%	$58.96	$61.54	-4.24%	350,570 71.25%	492,000
Most Recent Note for SQM - 5/24/2011 1:30:27 PM Consolidating above its 50 DMA line within close striking distance of the new all-time high hit at the start of May. After it traded above its 2008 all-time ($59.45) high, it was noted in the 1/04/11 mid-day report - "This high-ranked leader in the strong Chemicals - Agricultural group's earnings history (C and A criteria) has been erratic in recent years and below the guidelines."
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TDC - NYSE - COMPUTER SOFTWARE & SERVICES - Technical &; System Software Teradata Corp	$54.28	+0.53 0.99%	$56.50	$56.58	-4.07%	1,498,058 108.74%	1,377,600
Most Recent Note for TDC - 5/24/2011 1:37:34 PM Challenged its 52-week and all-time high after gapping up today, however it is well off its intra-day high. Reported earnings +17% on +18% sales revenues for the quarter ended March 31, 2011 versus the year ago period. Prior mid-day reports noted - "Found support near its 50 DMA line in recent weeks while steadily climbing. Sales revenues and earnings history remain below guidelines of the investment system."
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TNH - NYSE - CHEMICALS - Agricultural Chemicals Terra Nitrogen Co Lp	$120.80	+0.78 0.65%	$121.49	$126.27	-4.33%	32,170 93.52%	34,400
Most Recent Note for TNH - 5/24/2011 1:45:41 PM Consolidating near its 52-week high. Its up and down annual earnings (questionable A) history is a concern. There is a small supply of only 4.63 million shares in its float, which can contribute to greater price volatility in the event of institutional buying or selling. It survived but failed to impress since last noted in the 4/22/08 mid-day report.
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WLP - NYSE - HEALTH SERVICES - Health Care Plans Wellpoint Inc	$77.76	-1.38 -1.74%	$79.11	$81.92	-5.08%	1,744,236 58.02%	3,006,200
Most Recent Note for WLP - 5/24/2011 1:50:03 PM Pulling back from its 52-week high hit last week. It is extended from any sound base. Sales revenues and earnings history has been below the investment system's guidelines.
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