Mid-Day Breakouts Report - Thursday, May 26th, 2011

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MIDDAY BREAKOUTS REPORT - THURSDAY, MAY 26TH, 2011
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DOW 12418.01 23.35 (0.19%) | NASDAQ 2785.69 24.31 (0.88%) | S&P 500 1325.39 4.92 (0.37%)

Time of Screening : 5/26/2011 12:08:49 PM Report Released : 5/26/2011 2:48:05 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
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
INFA - NASDAQ Informatica Corp	$56.04	+1.28 2.34%	$56.37	647,949 60.48% of 50 DAV 50 DAV is 1,071,300	$56.49 -0.80%	3/24/2011	$50.04	PP = $49.86 MB = $52.35
Most Recent Note - 5/26/2011 1:02:58 PM G - Quietly wedging up near its 52-week high today, this high-ranked Computer Software - Database firm has not formed a sound new base pattern. Prior highs in the $49 area and its 50 DMA line define near-term support to watch. Subsequent violations would trigger technical sell signals. >>> The latest Featured Stock Update with an annotated graph appeared on 5/24/2011. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AZO - NYSE - RETAIL - Auto Parts Stores Autozone Inc	$297.00	-0.98 -0.33%	$298.47	$298.47	-0.49%	211,651 58.63%	361,000
Most Recent Note for AZO - 5/26/2011 12:12:38 PM Inching to new all-time highs following a big gap up gain on 5/24/11 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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BPI - NYSE - DIVERSIFIED SERVICES - Education &; Training Services Bridgepoint Education	$22.67	-0.22 -0.96%	$23.18	$23.64	-4.10%	329,031 68.41%	481,000
Most Recent Note for BPI - 5/26/2011 12:26:13 PM Gapped up yesterday, rallying to a new 52-week high from "cup-with-high-handle" type base. Since it was dropped from the Featured Stocks list on 5/25/10 it maintained strong sales revenues and earnings increases (good C & A criteria) while the shares slumped from around $21 to $12 and then rebounded. Technically it broke out from a "double bottom" type base pattern with its gap up on 5/03/11, yet it still faces resistance due to overhead supply up through the $27 area.
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CHKP - NASDAQ - COMPUTER SOFTWARE & SERVICES - Security Software & Services Check Point Sftware Tech	$53.77	+0.47 0.87%	$53.98	$55.91	-3.84%	904,195 58.37%	1,549,000
Most Recent Note for CHKP - 5/26/2011 12:30:21 PM Holding its ground above its 50 DMA high after enduring mild distributional pressure this week. Last noted in the 5/05/11 mid-day report noted - "This Israel-based Computer Software - Security firm has earned high ranks and has a history of steady sales revenues and earnings increases (not showing acceleration) below the fact-based investment system's minimum guidelines."
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COH - NYSE - CONSUMER NON-DURABLES - Textile - Apparel Footwear Coach Inc	$62.76	+2.12 3.50%	$63.12	$63.12	-0.57%	2,891,950 92.88%	3,113,800
Most Recent Note for COH - 5/26/2011 12:42:02 PM Its quarterly and annual earnings history are not a solid match with the investment system's guidelines. Gains this week with above average volume helped it reach new all-time highs, clear of any resistance due to overhead supply. It had stalled after clearing an orderly 4-month base when last noted in the 5/05/11 mid-day report. Reported earnings +24% on +14% sales revenues for the quarter ended March 31, 2011 versus the year ago. After a streak of flat or negative sales and earnings comparisons and a downward turn in FY '09 earnings (flaw in regard to the A criteria) its recent results had been more encouraging. This previously Featured Stock put up great gains and it matched the investment system criteria near its Oct 2002 appearance and later.
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CTXS - NASDAQ - INTERNET - Internet Software & Services Citrix Systems Inc	$84.13	+1.69 2.05%	$84.88	$86.95	-3.24%	1,300,194 60.07%	2,164,600
Most Recent Note for CTXS - 5/26/2011 12:45:49 PM No overhead supply remains to act as resistance while this Computer Software - Enterprise firm is consolidating above prior highs in an orderly fashion, building a flat base following a considerable gap up gain on 4/28/11 for a new all-time high. Sales and earnings history has not been a good match with the investment system's guidelines. Its choppy advance has been impressive since noted on 2/19/10 when it topped its 2006 high of $45.50.
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ECPG - NASDAQ - FINANCIAL SERVICES - Credit Services Encore Capital Group Inc	$31.97	+0.78 2.50%	$32.00	$32.00	-0.09%	94,583 85.06%	111,200
Most Recent Note for ECPG - 5/26/2011 12:51:10 PM Hit a new 52-week high today with another volume-driven gain after stubbornly holding its ground. Prior mid-day reports noted - "Completed a Secondary Offering on 3/01/11 since noted in the 2/16/11 mid-day report after a breakaway gap helped it clear a previously noted 9 month long base. This Financial Services - Misc firm's quarterly earnings and annual earnings (C and A criteria) history has not been strong and steady."
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HEI - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services Heico Corp	$53.70	-1.02 -1.86%	$54.03	$55.94	-4.01%	80,454 81.60%	98,600
Most Recent Note for HEI - 5/26/2011 12:54:35 PM Pulling back today following a considerable gap up gain on the prior session for a new all-time high in reaction to its latest earnings news and positive guidance. The 5/25/11 mid-day report noted - "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	$12.75	+0.08 0.63%	$13.58	$13.58	-6.11%	142,300 166.63%	85,400
Most Recent Note for HSTM - 5/26/2011 12:56:32 PM Hit another new 52-week high today with a 3rd consecutive volume-driven gain, getting very extended from any sound base pattern. Prior mid-day reports noted - "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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HUM - NYSE - HEALTH SERVICES - Health Care Plans Humana Inc	$78.08	+0.56 0.72%	$78.08	$80.42	-2.91%	921,415 59.32%	1,553,200
Most Recent Note for HUM - 5/26/2011 12:58:19 PM Hovering near its 52-week high today. Last noted in the 4/27/11 mid-day report - "Sub par sales revenues and quarterly earnings increases raise fundamental concerns. Its annual earnings history is marred by a downturn in FY '08 earnings after years of steady growth."
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IPAR - NASDAQ - CONSUMER NON-DURABLES - Personal Products Inter Parfums Inc	$22.25	+0.24 1.09%	$22.37	$22.49	-1.07%	79,637 78.46%	101,500
Most Recent Note for IPAR - 5/26/2011 1:07:12 PM Holding its ground today following a considerable gap up gain for a new 52-week high on the prior session. Reported earnings +86% on +12% sales revenues for the quarter ended March 31, 2011 versus the year-ago period. Annual earnings (A criteria) we from FY '07 to FY '09 and quarterly results have shown sub par sales revenues and earnings increases in prior comparisons.
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IPGP - NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits I P G Photonics Corp	$72.85	+2.41 3.42%	$73.25	$74.18	-1.79%	347,736 78.14%	445,000
Most Recent Note for IPGP - 5/26/2011 1:11:12 PM Hit another new all-time high today, getting more extended from any sound base pattern. Reported impressive earnings +571% on +95% sales revenues for the quarter ended March 31, 2011 versus the year ago period. A downturn in FY '09 earnings is a flaw with respect to the A criteria of the fact-based system. Its prior earnings history has been erratic and below guidelines of the fact-based investment system.
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MDCO - NASDAQ - DRUGS - Drug Manufacturers - Other Medicines Company	$17.85	+0.34 1.94%	$17.97	$18.02	-0.94%	379,301 122.55%	309,500
Most Recent Note for MDCO - 5/26/2011 1:13:48 PM Hit a new 52-week high today with above average volume behind its 3rd consecutive gain, rising from the previously noted long and orderly base-on-base type pattern. The 5/24/11 mid-day report 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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NFLX - NASDAQ - SPECIALTY RETAIL - Music & Video Stores Netflix Inc	$263.22	+3.75 1.45%	$264.50	$265.88	-1.00%	3,481,532 65.58%	5,308,900
Most Recent Note for NFLX - 5/26/2011 1:33:09 PM Currently the M criteria cautions investors from new buying efforts until a new confirmed rally with a follow-through day. This well-known online movie services firm has maintained high ranks and its earnings history satisfies the C and A criteria. It hit new all-time highs today and on the prior session as it rallied above prior resistance with above average volume behind gains lifting it from a flawed late-stage base. NFLX was previously dropped from the Featured Stocks page on 3/03/11.
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NL - NYSE - Hsehold/Office Furniture N L Industries	$18.02	+0.43 2.44%	$18.15	$18.37	-1.91%	26,693 61.36%	43,500
Most Recent Note for NL - 5/26/2011 1:34:06 PM Rallying near its 52-week high today, extended from any sound base after a spurt of volume-driven gains. Recent mid-day reports repeatedly noted - "Earnings and sales revenues history is below the fact-based investment system's guidelines."
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OVTI - NASDAQ - ELECTRONICS - Semiconductor - Integrated Cir Omnivision Technologies	$35.77	-0.43 -1.19%	$36.48	$37.04	-3.43%	1,429,464 68.85%	2,076,100
Most Recent Note for OVTI - 5/26/2011 1:38:14 PM Consolidating near its 52-week high today. It pulled back and undercut prior highs yet found support near its 50 DMA line while consolidating since last noted in the 3/30/11 mid-day report - "It is now distancing itself from the previously noted $34.49 high from 2006. Recent quarterly comparisons show strong sales revenues and earnings increases after a loss in FY '09 and an up and down annual earnings (A criteria)."
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RKT - NYSE - CONSUMER NON-DURABLES - Paper & Paper Products Rock Tenn Co Cl A	$76.64	+2.55 3.44%	$77.33	$77.33	-0.89%	823,708 116.71%	705,800
Most Recent Note for RKT - 5/26/2011 1:40:56 PM Hitting a new 52-week high today with its 3rd consecutive gain backed by above average volume. No resistance remains due to overhead supply. Prior mid-day reports repeatedly have 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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SHOO - NASDAQ - CONSUMER NON-DURABLES - Textile - Apparel Footwear Steven Madden Limited	$56.18	+2.40 4.46%	$56.37	$56.81	-1.11%	174,140 70.82%	245,900
Most Recent Note for SHOO - 5/26/2011 1:49:36 PM Rallied to a new 52-week high today, clear of all resistance. Below guidelines earnings +15% on +26% sales revenues for the quarter ended March 31, 2011 versus the year ago period raised concerns. Stayed well above prior highs in the $46-47 and its 50 DMA line during its pullbacks after volume-driven gains helped it clear the previously noted cup-with-handle base formed. SHOO was dropped from the Featured Stocks list on 1/21/11 and it found support near its 200 DMA line then rebounded impressively.
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SMTC - NASDAQ - ELECTRONICS - Semiconductor - Integrated Cir Semtech Corporation	$28.30	+1.01 3.70%	$29.47	$29.47	-3.97%	643,765 125.15%	514,400
Most Recent Note for SMTC - 5/26/2011 1:51:25 PM Gapped up and touched a new 52-week high today. No overhead supply remains to act as resistance. Annual earnings (A criteria) history included a downturn in FY '09 and results were up and down in years prior. The C criteria is satisfied by strong sales and earnings increases, however quarterly comparisons through April 2011 have shown disconcerting sequential deceleration.
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TIF - NYSE - SPECIALTY RETAIL - Jewelry Stores Tiffany & Co	$76.16	+6.12 8.74%	$76.88	$76.88	-0.94%	4,994,250 267.30%	1,868,400
Most Recent Note for TIF - 5/26/2011 1:57:27 PM Gapped up today for a new all-time high after reporting earnings +40% on +20% sales revenues for the quarter ended April 30, 2011 versus the year ago period. It went through consolidation back and forth beneath its 50 DMA line since last noted in the 11/26/10 mid-day report following gains with heavy volume that had lifted it well above its 2007 all-time high - "The well-known Retail/Wholesale Jewelry firm was noted for the first time in three years in the 11/16/10 mid-day report day report - 'Sales revenues and earnings growth have been improving in recent quarters, but prior quarters and its annual earnings (A criteria) history fall below the investment system's guidelines.'"
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TNH - NYSE - CHEMICALS - Agricultural Chemicals Terra Nitrogen Co Lp	$123.59	+0.19 0.15%	$124.15	$126.27	-2.12%	20,178 58.32%	34,600
Most Recent Note for TNH - 5/26/2011 2:02:03 PM Approaching its 52-week high, inching higher today for a 7th consecutive small gain with slightly above average volume. The 2 prior mid-day reports 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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VHI - NYSE - CHEMICALS - Specialty Chemicals Valhi Inc	$42.61	+1.28 3.10%	$43.46	$43.46	-1.96%	19,005 67.88%	28,000
Most Recent Note for VHI - 5/26/2011 2:04:49 PM Hit yet another new 52-week high with today's gain, making its 3rd mid-day report appearance of the week. Recent mid-day reports noted - "Prior earnings history has been erratic and below the investment system guidelines."
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