Mid-Day Breakouts Report - Tuesday, May 31st, 2011

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MIDDAY BREAKOUTS REPORT - TUESDAY, MAY 31ST, 2011
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DOW 12493.73 52.15 (0.42%) | NASDAQ 2815.61 18.75 (0.67%) | S&P 500 1336.54 5.44 (0.41%)

Time of Screening : 5/31/2011 11:53:12 AM Report Released : 5/31/2011 1:32:40 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 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
CEVA - NASDAQ Ceva Inc	$34.12	-0.11 -0.32%	$35.60	221,645 102.66% of 50 DAV 50 DAV is 215,900	$35.60 -4.16%	5/25/2011	$32.98	PP = $32.05 MB = $33.65
Most Recent Note - 5/31/2011 12:09:25 PM G - Touched a new 52-week high today then reversed into the red. Rallied beyond its "max buy" level and its color code was changed to green after getting extended more than +5% above prior highs. >>> The latest Featured Stock Update with an annotated graph appeared on 5/25/2011. Click here.
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FCFS - NASDAQ FirstCash Holdings Inc	$42.00	+2.06 5.16%	$42.36	301,835 158.69% of 50 DAV 50 DAV is 190,200	$42.36 -0.85%	5/31/2011	$42.00	PP = $40.23 MB = $42.24
Most Recent Note - 5/31/2011 Y - Gapped up today and hit a new 52-week high, rising from an orderly flat base pattern. It may be considered a "late-stage" and risky buy candidate in an uncertain market (M criteria). Its color code is changed to yellow with pivot point cited based on its 52-week high plus ten cents. Its 50 DMA line defines near-term support. Reported earnings +52% on +28% sales revenues for the quarter ended March 31, 2011 versus the year ago period. Its annual earnings (A criteria) history has been steady. ? >>> The latest Featured Stock Update with an annotated graph appeared on 1/31/2007. Click here.
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ULTA - NASDAQ Ulta Salon Cosm & Frag	$55.91	+0.66 1.19%	$57.17	433,922 88.75% of 50 DAV 50 DAV is 488,900	$57.17 -2.20%	1/6/2011	$36.12	PP = $37.34 MB = $39.21
Most Recent Note - 5/31/2011 1:29:11 PM G - Gapped up today and traded above average volume as it hit a new all-time high. Found support above its 50 DMA line last week. It is extended from any sound base pattern. >>> The latest Featured Stock Update with an annotated graph appeared on 5/26/2011. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AFSI - NASDAQ - INSURANCE - Property &; Casualty Insurance Amtrust Financial Svcs	$22.76	+0.54 2.43%	$22.97	$22.97	-0.91%	193,418 123.43%	156,700
Most Recent Note for AFSI - 5/31/2011 11:56:08 AM Hit another new 52-week high today with its 16th gain in the span of 17 sessions. Volume-driven gains in the past 4 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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AIMC - NASDAQ - MANUFACTURING - Industrial Electrical Equipmen Altra Industrial Motion	$26.77	+0.04 0.15%	$27.48	$27.48	-2.58%	171,145 80.54%	212,500
Most Recent Note for AIMC - 5/31/2011 12:01:53 PM Touched a new all-time today then reversed into the red. Reported earnings +58% on +25% sales revenues for the quarter ended March 31, 2011 versus the year ago period. Recently closed a Convertible Senior Notes Offering. Found support above prior highs and its 50 DMA during its recent consolidation. Fundamentals are below guidelines of the fact-based system after a downturn in FY '09 earnings (bad A criteria). It slumped badly after it was dropped from the Featured Stocks list on 9/24/08, yet it has subsequently rebounded.
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ASGN - NYSE - Comml Svcs-Staffing ASGN Incorporated	$11.12	+0.17 1.55%	$11.35	$11.67	-4.71%	227,376 117.75%	193,100
Most Recent Note for ASGN - 5/31/2011 12:06:03 PM Up today for 4th consecutive volume-driven gain, rising from its 50 DMA line. Perched within close striking distance of its 52-week high hit when last noted in the 4/29/11 mid-day report - "Recent quarters showed much better sales and earnings increases versus weak earnings or losses for the year earlier period. 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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AVD - NYSE - CHEMICALS - Agricultural Chemicals American Vanguard Corp	$11.94	-0.01 -0.08%	$12.21	$12.36	-3.40%	61,209 66.90%	91,500
Most Recent Note for AVD - 5/31/2011 12:08:27 PM Holding its ground today. Heavy volume was been behind its technical breakout last week. The 5/27/11 mid-day report noted - "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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DAR - NYSE - Agricultural Operations Darling International	$19.04	+0.02 0.11%	$19.37	$19.37	-1.70%	638,459 58.90%	1,083,900
Most Recent Note for DAR - 5/31/2011 12:10:55 PM Up today, adding to a spurt of volume-driven gains and getting more extended from its prior base following recently noted gap up gains with above average volume for new 52-week highs. Prior mid-day reports noted - "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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ECPG - NASDAQ - FINANCIAL SERVICES - Credit Services Encore Capital Group Inc	$32.58	+0.46 1.43%	$32.76	$32.76	-0.55%	98,558 89.27%	110,400
Most Recent Note for ECPG - 5/31/2011 12:13:16 PM Inching higher for another new 52-week high today with another small volume-driven gain. Stubbornly holding its ground and rising, while 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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EFSC - NASDAQ - BANKING - Regional - Midwest Banks Enterprise Finl Services	$14.30	+0.30 2.14%	$14.33	$15.00	-4.67%	25,063 81.37%	30,800
Most Recent Note for EFSC - 5/31/2011 12:15:32 PM Completed a Public Offering on 5/18/11. It sputtered under its 50 DMA line during its consolidation since last noted in the 5/03/11 mid-day report - "Recent quarters show improvement versus year ago losses. Its earnings history has been erratic and below the investment system's guidelines."
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HAIN - NASDAQ - FOOD & BEVERAGE - Processed & Packaged Goods Hain Celestial Group	$35.75	-0.22 -0.61%	$37.24	$37.24	-4.00%	413,100 119.74%	345,000
Most Recent Note for HAIN - 5/31/2011 12:32:19 PM Gapped up today and touched a new 52-week high before reversing into the red. The 5/27/11 mid-day report noted - "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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INTL - NASDAQ - FINANCIAL SERVICES - Investment Brokerage - Regional Intl Fcstone Inc	$26.17	+0.85 3.36%	$26.19	$27.25	-3.96%	27,340 64.33%	42,500
Most Recent Note for INTL - 5/31/2011 12:35:49 PM Up today after a slump under its 50 DMA line, continuing its consolidation near that short-term average. Previously noted in the 5/19/11 and 4/20/11 mid-day reports when attempting to rally with above average volume behind its gains - "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."
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IPAR - NASDAQ - CONSUMER NON-DURABLES - Personal Products Inter Parfums Inc	$22.45	-0.13 -0.58%	$23.25	$23.25	-3.45%	134,628 122.50%	109,900
Most Recent Note for IPAR - 5/31/2011 12:38:02 PM Reversed into the red after early gains today for a new 52-week high. During a recent spurt of volume-driven gains the 5/26/11 mid-day report noted - "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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LDL - NYSE - MANUFACTURING - Textile Manufacturing Lydall Inc	$11.68	+0.56 5.00%	$12.01	$12.01	-2.78%	59,315 92.82%	63,900
Most Recent Note for LDL - 5/31/2011 12:39:52 PM Gapped up today and hit a new 52-week high, getting more extended from any sound base pattern. Prior mid-day reports noted - "Its earnings history has been erratic and below guidelines."
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LQDT - NASDAQ - INTERNET - Internet Software &; Services Liquidity Services Inc	$21.12	+0.26 1.25%	$21.76	$21.76	-2.94%	164,126 113.03%	145,200
Most Recent Note for LQDT - 5/31/2011 12:41:14 PM Hit a new 52-week high today with a volume-driven gain. It found support above prior chart highs since last noted in the 5/11/11 mid-day report -"Its sub par fundamentals are below the investment system guidelines. On 2/28/08 it was dropped from the CANSLIM.net Featured Stocks list and fundamentals subsequently turned south."
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MASC - NASDAQ - MANUFACTURING - Metal Fabrication Material Sciences Corp	$7.91	+0.27 3.53%	$7.97	$8.21	-3.65%	58,558 91.07%	64,300
Most Recent Note for MASC - 5/31/2011 12:44:39 PM Perched within close striking distance of its 52-week high today after finding support near its 50 DMA line during its consolidation since last noted in the 5/02/11 mid-day report. It had cleared a 13-week base, however prior mid-day reports noted - "Prior quarterly comparisons and annual earnings (C and 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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MDCO - NASDAQ - DRUGS - Drug Manufacturers - Other Medicines Company	$19.16	+0.78 4.22%	$19.40	$19.40	-1.26%	1,087,660 337.89%	321,900
Most Recent Note for MDCO - 5/31/2011 12:46:12 PM Hit yet another new 52-week high today with heavy volume behind its gap up and 5th 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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MPAA - NASDAQ - AUTOMOTIVE - Auto Parts Motorcar Parts Of Amer	$15.55	+0.31 2.03%	$15.71	$15.71	-1.02%	61,652 105.21%	58,600
Most Recent Note for MPAA - 5/31/2011 12:50:03 PM Touched a new 52-week high after a small gap up today. Recently consolidating after making little progress above stubborn resistance. Prior mid-day reports noted - "The $15 area has acted as stubborn resistance in recent months while building on a previously noted base-on-base type pattern. 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. Sales revenues increases have been sub par. It is fundamentally below guidelines of the fact-based investment system."
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NL - NYSE - Hsehold/Office Furniture N L Industries	$18.86	+0.89 4.95%	$18.95	$19.34	-2.48%	59,656 139.06%	42,900
Most Recent Note for NL - 5/31/2011 12:52:11 PM Hit a new 52-week high today, getting more extended from any sound base as it adds to its 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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NR - NYSE - ENERGY - Oil & Gas Equipment & Services Newpark Resources Inc	$9.80	+0.48 5.15%	$10.00	$10.00	-2.00%	937,385 64.06%	1,463,300
Most Recent Note for NR - 5/31/2011 12:56:49 PM Hit new 52-week and multi-year highs today after gapping up. Sales revenues and earnings increases in recent quarterly comparisons improved, but a downturn and loss in FY '09 is a flaw concerning the A criteria of the investment system. It survived but failed to impress since last noted in the 8/14/08 mid-day report.
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PRIM - NASDAQ - DIVERSIFIED SERVICES - Technical Services Primoris Services Corp	$12.47	-0.11 -0.87%	$12.97	$12.97	-3.86%	146,935 104.58%	140,500
Most Recent Note for PRIM - 5/31/2011 12:58:41 PM Found support at its 50 DMA line recently and today it hit a new all-time high with above average volume behind a 5th consecutive gain. The 5/19/11 mid-day report noted - "Earnings history has been erratic and not a good match with the fact-based investment system's guidelines. The Building - Heavy Construction firm is one of the largest specialty contractors and engineering companies in the Western United States primarily serving the growing power and energy sectors."
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PSMT - NASDAQ - RETAIL - Drug Stores Pricesmart Inc	$46.75	+4.03 9.43%	$46.91	$47.80	-2.20%	165,695 83.98%	197,300
Most Recent Note for PSMT - 5/31/2011 1:01:14 PM Gapped up today, nearly challenging its 52-week high. The high-ranked Retail firm found support above its 50 DMA line and prior highs in the $40 area during its consolidation since last noted in the 4/12/11 mid-day report - "Recent quarterly comparisons show earnings increases above the +25% guideline versus the year earlier. Blue triangles beside the yearly earnings numbers in each year from 2005-2009 on the data service used by our experts indicate pre-tax, non-recurring items were included (where possible, such items are normally removed to provide data better suited for comparison)."
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RKT - NYSE - CONSUMER NON-DURABLES - Paper & Paper Products Rock Tenn Co Cl A	$77.42	-0.20 -0.26%	$78.64	$78.64	-1.55%	1,294,563 145.62%	889,000
Most Recent Note for RKT - 5/31/2011 1:03:20 PM Hit a new 52-week high today then reversed into the red. During prior sessions with considerable gains backed by above average volume it was noted that 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	$55.35	-1.59 -2.79%	$58.01	$58.01	-4.59%	324,491 133.70%	242,700
Most Recent Note for SHOO - 5/31/2011 1:04:44 PM Reversed into the red after it hit a new 52-week high today. It is 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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SMP - NYSE - AUTOMOTIVE - Auto Parts Standard Motor Prod Cl A	$14.79	+0.07 0.48%	$14.97	$14.97	-1.20%	102,328 84.36%	121,300
Most Recent Note for SMP - 5/31/2011 1:10:44 PM Recently found support near its 50 DMA line and today it touched a new 52-week high. Technically it encountered distributional pressure after recently rallying above prior resistance in the $14 area to challenge its 2009 highs. Prior mid-day reports noted - "Recent quarterly comparisons showed great earnings increases, but prior to its March '11 quarter sales revenues increases were below guidelines. Its annual earnings (A criteria) history included a loss in FY '08 leaving fundamental concerns."
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SQM - NYSE - CHEMICALS - Synthetics Sociedad Quimica Y Minra	$62.07	+1.40 2.31%	$62.45	$62.45	-0.61%	363,892 76.18%	477,700
Most Recent Note for SQM - 5/31/2011 1:24:30 PM Today's 7th consecutive gain helped it finally rally above the all-time high hit at the start of May. It paused after trading above its 2008 all-time ($59.45) high and found support near its 50 DMA line recently. Prior mid-day reports noted - "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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TNH - NYSE - CHEMICALS - Agricultural Chemicals Terra Nitrogen Co Lp	$124.49	-0.21 -0.17%	$126.48	$126.48	-1.57%	23,327 66.65%	35,000
Most Recent Note for TNH - 5/31/2011 1:26:22 PM Touched a new 52-week high today, inching higher for a 9th consecutive small gain with slightly above average volume. Prior mid-day reports have repeatedly 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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YZC - NYSE - METALS & MINING - Industrial Metals & Minerals Yanzhou Coal Mining Adr	$41.37	+2.08 5.28%	$41.89	$41.89	-1.25%	181,045 61.83%	292,800
Most Recent Note for YZC - 5/31/2011 1:32:08 PM Gapped up today for a new 52-week high, clearing prior 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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