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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, JUNE 2ND, 2010
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DOW 10144.34 120.32 (1.20%) | NASDAQ 2258.52 36.19 (1.63%) | S&P 500 1084.32 13.61 (1.27%)
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Time of Screening :
6/2/2010 12:34:26 PM Report Released :
6/2/2010 1:04:18 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...
At around
mid-way through each trading day we run
a screen against our database of
high-ranked stocks, searching for
possible buy candidates that are trading
at or near their 52-week high on above
average volume. The results of that
screen are split into the two sections
you see below. The first, titled
"TODAY's FEATURED STOCKS" shows stocks
that our experts have recently
identified as among the strongest candidates to
consider. Stocks highlighted in yellow
are the most timely and noteworthy, so
particular attention and prompt action
may be appropriate. The second section,
titled "TODAY's BREAKOUT SCREEN" shows
the remainder of stocks meeting today's
screen parameters. Our experts have
reviewed and included notes on these
stocks as well, but found that they may
not match up as favorably.
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Y - Today's strongest
candidates
highlighted
by our staff
of experts.
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G - Previously featured in
this report as yellow and
now may no longer be buyable
under the guidelines.
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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 |
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Max Buy |
SUMR
- NASDAQ
Summer Infant Inc
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$8.18
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+0.08
0.99%
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$8.20
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70,743
109.00% of 50 DAV
50 DAV is 64,900
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$8.42
-2.85%
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5/4/2010 |
$6.85
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PP = $7.09
MB = $7.44 |
Most Recent Note - 6/2/2010 12:59:31 PM
G - Consolidating since its considerable gain with heavy volume on 5/28/10 for a new all-time high. Now extended from a sound base, prior highs and its 50 DMA coincide near $7.00 as an important chart support level.
>>> The latest Featured Stock Update with an annotated graph appeared on 5/21/2010. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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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
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$192.16 |
+0.70
0.37%
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$192.75
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$195.75
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-1.83% |
353,373
74.21%
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476,200
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Most Recent Note for AZO - 6/2/2010 12:36:09 PM
Consolidating above prior chart highs since its considerable gain with heavy volume on 5/25/10 for a new 52-week high. Recently found support near its 50 DMA line. Earnings increases have been borderline with the minimum guidelines in the past 3 quarters while sales revenues have increased by only +1-10% in the past 4 quarterly comparisons. 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 great relative strength. Guidelines of the investment system, however, call for current earnings per share +25% or more, and acceleration in recent quarters is important. Also, quarterly sales should also be up at least +18%, +25% or more and ideally accelerating over prior quarters.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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BAP
- NYSE - BANKING - Foreign Regional Banks
Credicorp Ltd
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$89.35 |
-0.12
-0.13%
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$91.15
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$91.37
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-2.21% |
331,951
154.76%
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214,500
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Most Recent Note for BAP - 6/2/2010 12:41:49 PM
This Peru-based Bank has a good annual earnings (the A criteria) history, however recent quarterly sales revenues comparisons have been essentially flat and earnings growth has decelerated to below the fact-based investment system's guidelines. Based on weak technical action it was removed from the Featured Stocks list on 7/08/08, and it has rebounded impressively from subsequent lows in the $30 area.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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DFZ
- NASDAQ - CONSUMER NON-DURABLES - Textile - Apparel Footwear
R G Barry Corporation
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$11.66 |
+0.36
3.19%
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$11.70
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$11.70
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-0.34% |
38,728
110.65%
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35,000
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Most Recent Note for DFZ - 6/2/2010 12:46:55 PM
Gapped up today for a new 52-week high. Amid early-May's market weakness it briefly dove below its 50 and 200 DMA lines, then promptly rebounded. Recent quarters showed improved earnings increases but sales revenues have not shown strong increases and its annual earnings history (A criteria) has been up and down.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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EW
- NYSE - HEALTH SERVICES - Medical Appliances & Equipment
Edwards Lifesciences Cp
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$52.37 |
+0.28
0.54%
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$52.49
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$52.96
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-1.11% |
645,250
69.80%
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924,400
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Most Recent Note for EW - 6/2/2010 12:50:49 PM
Consolidating above its 50 DMA line and only -1% off its 52-week high today while making its 3rd mid-day report appearance in the span of 5 sessions. It has endured numerous distribution days since March yet it held up well, and on 5/28/10 its share price was impacted by a 2:1 split . The Medical - Products firm has a slow but steady annual earnings history. Quarterly sales revenues and earnings increases have been below guidelines. With respect to the N criteria, explosive sales revenues increases would be a true indication of great or growing demand for any company's products.
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SEC |
News |
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A N
S L
I M
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GIL
- NYSE - CONSUMER NON-DURABLES - Textile - Apparel Clothing
Gildan Activewear Inc
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$30.14 |
+0.68
2.31%
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$30.21
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$31.67
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-4.83% |
934,216
143.00%
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653,300
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Most Recent Note for GIL - 6/2/2010 12:54:21 PM
Gapped up today, rising within close striking range of its highest close of the year $30.54 on 5/13/10). It found prompt support near its prior chart highs and 50 DMA line recently. The 2 most recent quarterly comparisons showed better sales revenues and earnings results, but its prior quarterly results and annual earnings (A criteria) history are below guidelines.
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SEC |
News |
Chart | C
A N
S L
I M
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XEC
- NYSE - ENERGY - Independent Oil & Gas
Cimarex Energy Co
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$76.67 |
+2.33
3.13%
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$77.10
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$77.11
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-0.57% |
1,219,029
84.30%
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1,446,100
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Most Recent Note for XEC - 6/2/2010 1:01:40 PM
Hit a new 52-week high today with its 6th consecutive gain backed by above average volume while making its 2nd consecutive mid-day report appearance. Annual earnings (A criteria) history has been erratic and prior quarterly results were poor, but the latest two quarters showed improving sales revenues and earnings increases.
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A N
S L
I M
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THESE ARE NOT BUY RECOMMENDATIONS!
Comments contained in the body of this report are technical
opinions only. The material herein has been obtained
from sources believed to be reliable and accurate, however,
its accuracy and completeness cannot be guaranteed.
We are not an investment advisor, hence it does
not endorse or recommend any securities or other investments.
Any recommendation contained in this report may not
be suitable for all investors and it is not to be deemed
an offer or solicitation on our part with respect to
the purchase or sale of any securities. All trademarks,
service marks and trade names appearing in this report
are the property of their respective owners, and are
likewise used for identification purposes only.
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