Mid-Day Breakouts Report - Friday, May 27th, 2011

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MIDDAY BREAKOUTS REPORT - FRIDAY, MAY 27TH, 2011
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DOW 12463.72 60.96 (0.49%) | NASDAQ 2796.9 13.98 (0.50%) | S&P 500 1332.46 6.77 (0.51%)

Time of Screening : 5/27/2011 12:12:01 PM Report Released : 5/27/2011 1:38:41 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

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
ABC - NYSE - Medical-Whlsle Drg/Suppl Amerisourcebergen Corp	$40.73	-0.70 -1.69%	$41.41	$42.50	-4.16%	1,402,823 58.11%	2,414,000
Most Recent Note for ABC - 5/27/2011 12:16:46 PM Consolidating near its 50 DMA line with volume totals cooling. Perched only -2.5% off its all-time high hit when last noted in the 4/28/11 mid-day report as there was a negative reversal - "Earnings and sales revenues growth has been below guidelines."
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AVD - NYSE - CHEMICALS - Agricultural Chemicals American Vanguard Corp	$12.05	+0.88 7.88%	$12.36	$12.36	-2.51%	268,034 321.00%	83,500
Most Recent Note for AVD - 5/27/2011 12:26:24 PM Heavy volume has been behind its technical breakout. Today marks its second consecutive big gain spiking to new 52-week highs. Prior mid-day reports noted - "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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CACC - NASDAQ - FINANCIAL SERVICES - Credit Services Credit Acceptance Corp	$78.19	+1.33 1.73%	$78.77	$82.29	-4.98%	28,198 84.68%	33,300
Most Recent Note for CACC - 5/27/2011 12:39:05 PM This high-ranked leader in the Finance - Consumer Loans industry is thinly traded (33,300 shares average daily volume) and has a small supply (S criteria) of shares outstanding. Strong earnings history satisfies the C and A criteria. It is consolidating near its 50 DMA line, yet has not built a sound new base pattern of sufficient length. Disciplined investors may watch for a new base or secondary buy point to possibly develop and be noted.
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CTXS - NASDAQ - INTERNET - Internet Software & Services Citrix Systems Inc	$87.26	+0.87 1.01%	$87.98	$87.98	-0.82%	1,453,177 68.06%	2,135,200
Most Recent Note for CTXS - 5/27/2011 12:44:15 PM Hit a new 52-week high today and no overhead supply remains to act as resistance. This Computer Software - Enterprise firm consolidated above prior highs in an orderly fashion for the past 4 weeks 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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CVLT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Commvault Systems Inc	$40.38	+1.68 4.34%	$40.71	$41.05	-1.63%	332,992 68.05%	489,300
Most Recent Note for CVLT - 5/27/2011 12:46:53 PM Approaching its all-time high with today's gain after finding support near its 50 DMA line while consolidating. Last noted in the 5/10/11 mid-day report - "Based on poor technical action it was dropped from the Featured Stocks list on 7/13/10. It has rebounded impressively since, yet its fundamental characteristics today are not a match for the fact-based system at all. Disciplined investors avoid the temptation to get in 'early' and may review earlier notes and observe that CVLT did not trigger a technical buy signal after it had been featured in the 7/06/10 mid-day report."
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HAIN - NASDAQ - FOOD & BEVERAGE - Processed & Packaged Goods Hain Celestial Group	$35.80	+1.38 4.01%	$36.20	$36.74	-2.56%	625,423 190.04%	329,100
Most Recent Note for HAIN - 5/27/2011 12:55:17 PM Gapped up today, approaching its 52-week high. Found support near its 50 DMA line throughout its ongoing ascent violation. Cluster buying by company insiders in recent months was noted as a reassuring sign. Recent quarterly comparisons show sales revenues and earnings improvements helping it better satisfy the C criteria, but a downturn in FY '09 and FY '10 is a flaw with respect to the A criteria.
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IIVI - NASDAQ - Electronic-Parts Ii-Vi Incorporated	$58.06	+0.78 1.36%	$58.98	$59.92	-3.10%	103,868 59.42%	174,800
Most Recent Note for IIVI - 5/27/2011 1:04:46 PM Approaching its 52-week high with today's 4th consecutive gain. Found support above prior highs and its 50 DMA line during its consolidation following a 4/26/11 breakaway gap. It may form a base-on-base type pattern, and it faces no resistance due to overhead supply. Its erratic fundamentals are a concern. Recent quarterly comparisons show great sales revenues and earnings increases following a downward turn in FY '09 and streak of many negative comparisons after it was dropped from the Featured Stocks list on 10/02/08.
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LDL - NYSE - MANUFACTURING - Textile Manufacturing Lydall Inc	$11.03	+0.11 1.01%	$11.11	$11.39	-3.16%	48,803 78.21%	62,400
Most Recent Note for LDL - 5/27/2011 1:06:35 PM Consolidating above prior highs, extended from any sound base pattern. Its earnings history has been erratic and below guidelines.
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MDCO - NASDAQ - DRUGS - Drug Manufacturers - Other Medicines Company	$18.33	+0.15 0.83%	$18.39	$18.39	-0.33%	216,154 67.53%	320,100
Most Recent Note for MDCO - 5/27/2011 1:09:46 PM Hitting another new 52-week high today with above average volume behind its 4th consecutive gain, rising from the previously noted long and orderly base-on-base type pattern. Prior mid-day reports repeatedly 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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PRCP - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Perceptron Inc	$7.18	+0.20 2.87%	$7.25	$7.50	-4.27%	21,507 70.06%	30,700
Most Recent Note for PRCP - 5/27/2011 1:15:57 PM Perched near its 52-week high today, consolidating above prior highs following a streak of gains with average volume. The 5/23/11 mid-day report noted - "Its prior earnings history has been erratic and below the guidelines of the fact-based system."
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PTEN - NASDAQ - ENERGY - Oil & Gas Drilling & Explorati Patterson-Uti Energy Inc	$31.29	+0.97 3.20%	$31.62	$31.79	-1.57%	2,228,499 74.29%	2,999,600
Most Recent Note for PTEN - 5/27/2011 1:21:56 PM Approaching its 52-week high today with a 4th consecutive gain. It is rebounding from a consolidation below its 50 DMA line since last noted in the 4/29/11 mid-day report - "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 noted on 2/15/06."
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RKT - NYSE - CONSUMER NON-DURABLES - Paper & Paper Products Rock Tenn Co Cl A	$76.50	-0.69 -0.89%	$77.14	$77.33	-1.07%	1,024,899 140.92%	727,300
Most Recent Note for RKT - 5/27/2011 1:24:12 PM Hit a new 52-week high on the prior session with a considerable 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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SIMO - NASDAQ - ELECTRONICS - Semiconductor - Specialized Silicon Motion Tech Ads	$12.81	+0.66 5.43%	$12.99	$13.44	-4.69%	599,456 111.20%	539,100
Most Recent Note for SIMO - 5/27/2011 1:28:05 PM Consolidating just -5.7% off its 52-week high while rising with above average volume today. It is 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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SMTC - NASDAQ - ELECTRONICS - Semiconductor - Integrated Cir Semtech Corporation	$28.55	+0.29 1.03%	$28.71	$29.47	-3.12%	362,419 68.68%	527,700
Most Recent Note for SMTC - 5/27/2011 1:31:10 PM Gapped up and touched a new 52-week high on the prior session. Prior mid-day reports noted - "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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TNH - NYSE - CHEMICALS - Agricultural Chemicals Terra Nitrogen Co Lp	$124.39	+0.09 0.07%	$125.40	$126.27	-1.49%	23,626 68.28%	34,600
Most Recent Note for TNH - 5/27/2011 1:34:11 PM Approaching its 52-week high, inching higher today for a 8th consecutive small gain with slightly above average volume. The 3 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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VECO - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Veeco Instruments Inc	$55.41	+1.23 2.27%	$56.19	$56.19	-1.39%	742,993 63.43%	1,171,300
Most Recent Note for VECO - 5/27/2011 1:35:37 PM Hit a new 52-week high today with a small gap up gain. The 5/19/11 mid-day report noted - "Volume-driven gains this week helping it rally from an orderly base pattern. Recent quarterly comparisons show great sales and earnings increases, but its annual earnings (A criteria) history has been erratic and below the fact-based investment system's guidelines. "
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VHI - NYSE - CHEMICALS - Specialty Chemicals Valhi Inc	$46.95	+3.60 8.30%	$47.51	$48.34	-2.88%	22,968 78.12%	29,400
Most Recent Note for VHI - 5/27/2011 1:37:03 PM Hit yet another new 52-week high with today's gap up gain, making its 4th 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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WLP - NYSE - HEALTH SERVICES - Health Care Plans Wellpoint Inc	$77.98	+0.56 0.72%	$78.08	$81.92	-4.81%	2,052,160 68.35%	3,002,300
Most Recent Note for WLP - 5/27/2011 1:38:14 PM Consolidating -5.0% off 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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