http://FACTBASEDINVESTING.COM/premium/MDLISTDATEDCOLOR.asp?D=5/25/2011http://FACTBASEDINVESTING.COM/premium/MDLISTDATED.asp?D=5/25/2011 Mid-Day Breakouts Report - Wednesday, May 25th, 2011




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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, MAY 25TH, 2011
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DOW 12376.23 20.02 (0.16%) | NASDAQ 2759.26 13.1 (0.48%) | S&P 500 1318.6 2.32 (0.18%)
Time of Screening : 5/25/2011 12:00:21 PM         Report Released : 5/25/2011 1:56:40 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
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
CEVA - NASDAQ
Ceva Inc
ELECTRONICS - Semiconductor - Specialized
$32.98 +1.95
6.28%
$32.99 189,856
92.43% of 50 DAV
50 DAV is 205,400
$32.80
0.55%
5/25/2011 $32.98 PP = $32.05
MB = $33.65
Most Recent Note - 5/25/2011 12:15:15 PM
Y - Hit a new 52-week high today with above average volume while rising clear of all resistance due to overhead supply. Its strong +92% earnings increase on +42% sales revenues for the March 31, 2011 ended quarter shows more impressive acceleration. Color code is changed to yellow with a pivot point of $32.05 based on a short "square box" type base pattern. Found support above its 50 DMA line when recently testing support near prior chart highs. It has a good annual earnings (A criteria) history. The M criteria is an overriding concern arguing against new buying efforts until a follow-through day from at least one of the major averages confirms a new rally.
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
AFSI - NASDAQ - INSURANCE - Property &; Casualty Insurance
Amtrust Financial Svcs
$21.25 +0.13
0.62%
$21.28 $21.29 -0.19% 159,822
109.47%
146,000
Most Recent Note for AFSI - 5/25/2011 12:02:35 PM
Paused after a streak of consecutive gains, perched at its 52-week high. Volume-driven gains in the past 3 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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AZO - NYSE - RETAIL - Auto Parts Stores
Autozone Inc
$295.99 +2.69
0.92%
$296.00 $296.00 -0.00% 217,121
60.14%
361,000
Most Recent Note for AZO - 5/25/2011 12:07:27 PM
Inching to a new all-time high today. Gapped up on the prior session after reporting +28% earnings on +9% sales revenues for the quarter ended April 30, 2011. Found support near its 50 DMA line. Noted in prior mid-day reports - "Its 4 latest quarterly comparisons (C criteria) showed earnings increases above the +25% minimum guideline while sales revenues increases were in the +1-13% range and gradually accelerating. It is heavily owned by mutual funds already, and top-rated funds owning shares fell from 1,105 in Dec '10 to 1,062 in Mar '11, not a reassuring sign concerning the I criteria. While consumers are fixing their old cars and holding off on new car purchases, AZO and similar players in the auto-repair arena have shown some leadership."
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CF - NYSE - CHEMICALS - Agricultural Chemicals
C F Industries Holdings
$152.42 +5.87
4.01%
$153.44 $153.83 -0.92% 1,936,130
88.45%
2,189,000
Most Recent Note for CF - 5/25/2011 12:19:24 PM
Challenging its 52-week high with today's gain. Following its 5/23/11 mid-day report appearance it technically broke out from the 7-week flat base pattern identified, but it was noted - "This high-ranked leader's earnings and sales revenues showed great increases in recent quarterly comparisons, however it lacks a good steady annual earnings growth history (the A criteria)."
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DMND - NASDAQ - FOOD &; BEVERAGE - Processed &; Packaged Goods
Diamond Foods Inc
$72.07 +3.13
4.54%
$72.39 $72.39 -0.44% 225,650
68.71%
328,400
Most Recent Note for DMND - 5/25/2011 12:21:10 PM
Extended from a sound base pattern without great volume conviction behind most gains in recent weeks, yet rallying today for another new all-time high. 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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EGOV - NASDAQ - INTERNET - Internet Software & Services
N I C Inc
$12.70 +0.51
4.18%
$12.74 $13.08 -2.91% 303,773
100.49%
302,300
Most Recent Note for EGOV - 5/25/2011 12:24:29 PM
Found support near its 50 DMA line since last noted in the 5/05/11 mid-day report - "Perched at 52-week and multi-year highs today, extended from any sound base pattern. No resistance remains due to overhead supply. Recent quarters showed much better earnings increases with lackluster sales revenues increases versus the year earlier. It found great support near its 50 DMA line while consolidating after the 1/26/11 mid-day report noted - 'Its annual earnings (A criteria) growth has not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system.'"
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FEIC - NASDAQ - ELECTRONICS - Diversified Electronics
F E I Co
$38.52 -0.51
-1.31%
$38.99 $40.24 -4.27% 324,646
82.59%
393,100
Most Recent Note for FEIC - 5/25/2011 12:27:33 PM
Holding its ground in a tight trading range and making its 3rd consecutive mid-day report appearance. It has been repeatedly 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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GLT - NYSE - CONSUMER NON-DURABLES - Paper & Paper Products
Glatfelter
$14.52 -0.24
-1.63%
$14.72 $15.10 -3.84% 176,496
58.58%
301,300
Most Recent Note for GLT - 5/25/2011 12:29:36 PM
Down today for a 4th consecutive loss. It posted 6 consecutive weekly gains and was noted in the recent mid-day reports while approaching multi-year highs -"Quarterly and annual earnings history has not been strong and steady."
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HEI - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services
Heico Corp
$55.00 +5.23
10.51%
$55.94 $55.94 -1.68% 249,076
252.61%
98,600
Most Recent Note for HEI - 5/25/2011 12:37:33 PM
Considerable gain today after gapping up for a new all-time high following strong earnings news and positive guidance. Recent quarters showed improving sales revenues and earnings but a downturn in FY '09 earnings is a flaw with respect to the A criteria. It survived but failed to impress since weak technical action prompted it to be dropped from the Featured Stocks list on 1/17/08.
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HSTM - NASDAQ - INTERNET - Internet Service Providers
Healthstream Inc
$11.90 +0.19
1.62%
$11.97 $11.97 -0.58% 68,559
80.28%
85,400
Most Recent Note for HSTM - 5/25/2011 12:38:54 PM
Touched another new 52-week high today. Last noted in the 5/11/11 mid-day report - "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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MFI - NASDAQ - FINANCIAL SERVICES - Credit Services
Microfinancial Inc
$5.70 +0.10
1.79%
$5.86 $5.98 -4.68% 21,906
88.69%
24,700
Most Recent Note for MFI - 5/25/2011 12:42:58 PM
Annual earnings history (A criteria) has not been strong and steady, and recent quarterly comparisons showed sales revenues increases in the +7-8% range. Low-priced stocks are discouraged from consideration under the fact-based investment system unless all key criteria are solidly satisfied.
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SAPE - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Sapient Corporation
$14.43 -0.09
-0.62%
$14.56 $14.78 -2.37% 856,400
69.66%
1,229,400
Most Recent Note for SAPE - 5/25/2011 12:47:07 PM
Up from the session's early lows, now perched -2.8% from its 52-week high. Holding its ground above prior highs since its previously noted 5/06/11 technical breakout and additional volume-driven gains. The 5/16/11 mid-day report noted - "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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STNR - NASDAQ - DIVERSIFIED SERVICES - Personal Services
Steiner Leisure Ltd
$49.66 +0.89
1.82%
$49.99 $50.43 -1.53% 38,293
67.66%
56,600
Most Recent Note for STNR - 5/25/2011 12:51:25 PM
Quarterly and annual earnings history (C and A criteria) are not a solid match with the fact-based investment system's guidelines. Today it is perched near its 52-week high and within close striking distance of its all time high ($51.68 in July 2007).
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TNH - NYSE - CHEMICALS - Agricultural Chemicals
Terra Nitrogen Co Lp
$122.35 +2.17
1.81%
$122.45 $126.27 -3.10% 23,607
68.23%
34,600
Most Recent Note for TNH - 5/25/2011 12:53:02 PM
Approaching its 52-week high with today's 6th consecutive volume-driven gain. The 5/24/11 mid-day report noted - "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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TTWO - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software
Take-Two Interactv Sftwr
$17.06 +0.96
5.96%
$17.12 $17.58 -2.96% 2,803,042
175.52%
1,597,000
Most Recent Note for TTWO - 5/25/2011 1:00:31 PM
Halted its slide above its 50 DMA line, however distributional pressure in the past week negated its 5/17/11 technical breakout to a new 52-week high with heavy volume following an orderly 13-week flat base. Prior mid-day reports have noted - "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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VHI - NYSE - CHEMICALS - Specialty Chemicals
Valhi Inc
$41.30 +1.75
4.42%
$41.69 $41.69 -0.94% 51,046
182.31%
28,000
Most Recent Note for VHI - 5/25/2011 1:02:24 PM
Hit another new 52-week high with today's volume-driven gain. Recent mid-day reports noted - "Prior earnings history has been erratic and below the investment system guidelines."
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YZC - NYSE - METALS & MINING - Industrial Metals & Minerals
Yanzhou Coal Mining Adr
$39.19 +0.92
2.40%
$39.24 $39.83 -1.61% 232,884
76.76%
303,400
Most Recent Note for YZC - 5/25/2011 1:03:32 PM
Recently challenging its 52-week high and chart resistance in the $39-40 area. Found support at its 50 DMA line during its consolidation since noted in the 4/07/11 mid-day report. Earlier reports noted its rally above previous resistance in the $32-33 area and observed - "Recent quarters show better sales and earnings but prior quarters and its annual earnings (A criteria) are below guidelines of the fact-based system."
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