Mid-Day Breakouts Report - Thursday, June 2nd, 2011

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MIDDAY BREAKOUTS REPORT - THURSDAY, JUNE 2ND, 2011
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DOW 12216.08 -74.06 (-0.60%) | NASDAQ 2770.28 1.09 (0.04%) | S&P 500 1308.01 -6.54 (-0.50%)

Time of Screening : 6/2/2011 11:39:40 AM Report Released : 6/2/2011 1:04:19 PM
Price is: Above 52W High and Less Than 52W High but within 8% 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
CACC - NASDAQ Credit Acceptance Corp	$76.10	+0.12 0.16%	$77.29	30,683 84.53% of 50 DAV 50 DAV is 36,300	$82.29 -7.52%	6/2/2011	$76.10	PP = $82.39 MB = $86.51
Most Recent Note - 6/2/2011 Y - 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 which defines important support along with recent lows near $75. A subsequent gain above its pivot point with heavy volume would trigger a technical buy signal, meanwhile it has formed a sound new base pattern of sufficient length and its color coded is changed to yellow with a pivot point based on its 52-week high plus 10 cents. >>> The latest Featured Stock Update with an annotated graph appeared on 12/20/2010. Click here.
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ZAGG - NASDAQ Zagg Inc	$10.71	-0.33 -2.99%	$11.24	728,773 60.32% of 50 DAV 50 DAV is 1,208,200	$11.42 -6.22%	6/1/2011	$10.92	PP = $10.59 MB = $11.12
Most Recent Note - 6/2/2011 1:03:46 PM Y - Holding its ground today after technically breaking out from a cup-with-handle type base. Prior high closes define important chart support to watch on pullbacks. See the latest FSU analysis for more details and an annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 6/1/2011. 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	$22.27	-0.23 -1.02%	$22.55	$22.99	-3.13%	101,003 58.32%	173,200
Most Recent Note for AFSI - 6/2/2011 11:44:53 AM Pulling back from its 52-week high, extended from any sound base. Tallied 16 gains 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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BPI - NYSE - DIVERSIFIED SERVICES - Education &; Training Services Bridgepoint Education	$24.25	+0.57 2.41%	$27.25	$27.25	-11.01%	1,792,919 325.75%	550,400
Most Recent Note for BPI - 6/2/2011 11:52:50 AM Gapped up and hit another new 52-week high today while trading within 25 cents of is all-time high, yet it is well off the session's high now. BPI was noted in the 5/26/11 mid-day report when pulling back following a gap and technical breakout from a "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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EDMC - NASDAQ - DIVERSIFIED SERVICES - Education & Training Services Education Management Cp	$25.36	+5.06 24.93%	$27.59	$27.59	-8.08%	863,341 349.39%	247,100
Most Recent Note for EDMC - 6/2/2011 12:05:26 PM Gapped up today and hit a new 52-week high. The 5/24/11 mid-day report noted - "Recent quarterly comparisons showed sales revenues and earnings increases below the fact-based investment system's guidelines."
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ESL - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services Esterline Technologies	$75.43	+1.93 2.63%	$78.00	$78.00	-3.29%	158,296 122.90%	128,800
Most Recent Note for ESL - 6/2/2011 12:15:34 PM Gapped up today, hitting a new high and making it a constructive week. Found support above its 50 DMA line while consolidating above previously stubborn resistance in the $73 area. Recent quarterly comparisons show slight sales revenues acceleration and better earnings increases, but a downturn in FY '09 earnings is a flaw concerning the A criteria of the fact-based investment system. Prior mid-day reports noted - "Sales revenues and earnings history make the fundamentals questionable for this aerospace/defense firm."
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FEIC - NASDAQ - ELECTRONICS - Diversified Electronics F E I Co	$40.40	+0.25 0.62%	$41.56	$41.56	-2.79%	464,777 108.72%	427,500
Most Recent Note for FEIC - 6/2/2011 12:21:59 PM Inched up for another new 52-week and all-time highs (above its 2007 high) today with yet another volume-driven gain. Held its ground in a tight range in recent weeks but it is currently extended from any sound base pattern. Noted in prior mid-day reports - "Disciplined investors may watch for secondary buy points or a sound new base to develop and be noted in the weeks ahead. 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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GIB - NYSE - Computer - Tech Services CGI Inc Cl A	$23.02	-0.03 -0.13%	$23.29	$23.59	-2.42%	136,404 61.81%	220,700
Most Recent Note for GIB - 6/2/2011 12:28:22 PM Held its ground near its 50 DMA line during its recent consolidation and hit a new 52-week high on the prior session with a 6th consecutive gain backed by above average volume. Prior mid-day reports noted - "It reported earnings +43% on +24% sales revenues for the quarter ended March 31, 2011 versus the year ago period. Recent quarterly comparisons show sales revenues accelerating and earnings increases above the +25% minimum guideline versus the year earlier, making it a better match with the winning models of the fact-based investment system."
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GIL - NYSE - CONSUMER NON-DURABLES - Textile - Apparel Clothing Gildan Activewear Inc	$36.55	-0.24 -0.65%	$36.86	$38.07	-3.99%	375,556 81.34%	461,700
Most Recent Note for GIL - 6/2/2011 12:33:30 PM Consolidating above its 50 DMA line. Last noted in the 5/20/11 mid-day report - "Recent quarterly comparisons showed better sales revenues and earnings results, but a downturn in FY '09 earnings is a flaw with respect to the annual earnings (A criteria) guidelines of the fact-based investment system."
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MASC - NASDAQ - MANUFACTURING - Metal Fabrication Material Sciences Corp	$7.68	+0.01 0.10%	$7.79	$8.21	-6.49%	59,018 87.30%	67,600
Most Recent Note for MASC - 6/2/2011 12:37:14 PM Perched within close striking distance of its 52-week high and making a 3rd consecutive mid-day report appearance today. Found support near its 50 DMA line during its consolidation since 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	$18.42	-0.07 -0.38%	$18.90	$19.40	-5.05%	346,147 67.30%	514,300
Most Recent Note for MDCO - 6/2/2011 12:40:26 PM Perched near its 52-week high, pulling back after a spurt of volume-driven gains. When 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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MOV - NYSE - CONSUMER DURABLES - Recreational Goods, Other Movado Group Inc	$16.60	+0.50 3.11%	$17.47	$17.56	-5.47%	105,619 97.89%	107,900
Most Recent Note for MOV - 6/2/2011 12:44:34 PM Sales revenues and earnings have not shown strong steady increases, and a loss in FY '10 is a flaw in the annual earnings (A criteria) history. Perched above its 50 DMA line, today's gap up and early gain challenged stubborn resistance in the $17 area.
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NL - NYSE - Hsehold/Office Furniture N L Industries	$18.68	+0.21 1.14%	$18.84	$19.34	-3.41%	45,727 103.93%	44,000
Most Recent Note for NL - 6/2/2011 12:46:10 PM Holding its ground near its 52-week high, extended from any sound base following a recent 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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PRIM - NASDAQ - DIVERSIFIED SERVICES - Technical Services Primoris Services Corp	$12.24	-0.33 -2.63%	$12.67	$12.97	-5.63%	108,133 65.61%	164,800
Most Recent Note for PRIM - 6/2/2011 12:48:52 PM Found support at its 50 DMA line recently and then rallied to new all-time highs with above average volume behind a streak of 5 consecutive gains. Prior mid-day reports 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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SJM - NYSE - FOOD & BEVERAGE - Processed & Packaged Goods Smucker J M Co	$79.02	-0.32 -0.40%	$79.42	$79.84	-1.03%	419,052 71.30%	587,700
Most Recent Note for SJM - 6/2/2011 12:51:59 PM A streak of gains with above average volume has it perched at its all-time high today. The 5/19/11 mid-day report noted - "No resistance due to overhead supply. Quarterly and annual earnings (C and A criteria) increases have not been a good match with the fact-based investment system guidelines."
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TYL - NYSE - COMPUTER SOFTWARE & SERVICES - Information Technology Service Tyler Technologies Inc	$25.28	-0.04 -0.16%	$25.38	$25.44	-0.63%	128,851 98.28%	131,100
Most Recent Note for TYL - 6/2/2011 12:58:25 PM Hit a new 52-week high with a gain on 5/31/11 with heavy volume helping it break out from a short and orderly flat base above its 50 DMA line. Recent mid-day reports noted - "It survived but failed to impress, and fundamentals today are below guidelines. This previously featured Computer-Tech Services firm was dropped from the Featured Stocks list on 9/24/08 due to technical weakness."
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