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MIDDAY BREAKOUTS REPORT - THURSDAY, JUNE 3RD, 2010
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DOW 10187.95 -61.59 (-0.60%) | NASDAQ 2279.4 -1.67 (-0.07%) | S&P 500 1095.8 -2.58 (-0.23%)
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Time of Screening :
6/3/2010 12:16:25 PM Report Released :
6/3/2010 1:36:01 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 |
Max Buy |
CRM
- NYSE
Salesforce.com Inc
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$93.02
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+4.58
5.18%
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$94.34
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3,372,989 158.01% of 50 DAV
50 DAV is 2,134,700
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$94.34 -1.40%
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6/2/2010 |
$88.44
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PP = $89.60 MB = $94.08 |
Most Recent Note - 6/3/2010 12:30:08 PM
Y - Gapped up today, rallying to new all-time high territory with above average volume. Color code was changed to yellow with new pivot point cited after recent gains including its positive reversal on 5/21/10. For the quarter ended April 30, 2010 it showed only a +7% earnings per share increase, a difficult comparison marking its first increase below the +25% minimum guideline in years.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/2/2010. Click here.
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ROVI
- NASDAQ
Rovi Corp
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$38.70
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+1.24
3.31%
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$39.06
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1,047,656 81.82% of 50 DAV
50 DAV is 1,280,400
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$40.06 -3.39%
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6/3/2010 |
$38.70
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PP = $40.16 MB = $42.17 |
Most Recent Note - 6/3/2010 1:15:51 PM
Y - Gain today with higher volume, rallying above its 50 DMA line to within close striking distance (-3%) of its 52-week high. Color code is changed to yellow with new pivot point cited based upon its 4/26/10 high plus ten cents.
>>> The latest Featured Stock Update with an annotated graph appeared on 5/24/2010. Click here.
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SUMR
- NASDAQ
Summer Infant Inc
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$8.23
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+0.17
2.11%
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$8.40
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115,747 178.35% of 50 DAV
50 DAV is 64,900
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$8.42 -2.26%
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5/4/2010 |
$6.85
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PP = $7.09 MB = $7.44 |
Most Recent Note - 6/3/2010 1:19:37 PM
G - Holding its ground near all-time highs, 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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I M
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THOR
- NASDAQ
Thoratec Corp
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$44.38
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-1.08 -2.38%
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$45.61
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871,541 103.50% of 50 DAV
50 DAV is 842,100
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$46.50 -4.56%
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6/3/2010 |
$44.38
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PP = $45.35 MB = $47.62 |
Most Recent Note - 6/3/2010 1:30:48 PM
Y - Pulling back today after breaking out from a choppy 5-week base with a considerable gain on 6/02/10 backed by above average volume. Recent quarterly comparisons showed impressive acceleration in its sales revenues increases and earnings above the +25% minimum guideline, satisfying the C criteria. Based on weakness it was dropped from the Featured Stocks list on 2/23/09, yet it has shown especially bullish action since its breakout on 3/05/10. Mentioned long ago in a 12/15/08 interview on WBBM 780AM - (listen here). This high-ranked Medical - Products firm was featured in yellow in the 12/05/08 Mid-Day Breakouts Report (read here) THOR had rebounded impressively after being featured in the past, then subsequently dropped from the CANSLIM.net Featured Stocks list on 2/2/2006.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/19/2009. Click here.
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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
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$32.16 |
+0.43
1.36%
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$32.49
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$32.49
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-1.02% |
3,032,891 77.89%
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3,893,600
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Most Recent Note for ABC - 6/3/2010 12:16:25 PM
Gain today for a new all-time high. Found support at its 50 DMA line during its consolidation for the past 6 weeks. It has traded up in 13 out of 15 months. Noted in mid-day report on 5/07/10 - "Earnings showed better increases in the 2 latest quarters but prior comparisons have been below guidelines and sales revenues growth has been below guidelines. It shown steady annual earnings (A criteria) growth in recent years."
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CMG
- NYSE - LEISURE - Restaurants
Chipotle Mexican Grill
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$151.00 |
+3.39
2.30%
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$152.79
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$152.79
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-1.17% |
584,644 95.72%
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610,800
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Most Recent Note for CMG - 6/3/2010 12:27:39 PM
Sales revenues increases have been in the +12-16% range in the past 5 quarterly comparisons while the C criteria is satisfied by earnings increases above the +25% guideline and it has a good annual (A criteria) earnings history. Hitting a new 52-week high today and approaching its ($155) all-time high, wedging higher after finding recent support near its 50 DMA line. Noted in recent mid-day reports -"rebounded considerably after a very deep correction, falling from $123 when it was dropped from the Featured Stocks list 1/7/08, to as low as $36 in November '08."
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CSTR
- NASDAQ - Banks-Southeast
Capstar Financial Hldgs
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$57.83 |
+2.77
5.03%
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$59.43
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$59.43
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-2.69% |
1,852,878 124.78%
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1,484,900
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Most Recent Note for CSTR - 6/3/2010 12:39:05 PM
Gapped up today and hit another new 52-week high following a 3-week consolidation resembling an advanced "high tight flag" type pattern. It made a handful of mid-day report appearances during May and steadily climbed following a powerful "breakaway gap" on 4/30/10 to new multi-year highs. Recent quarterly comparisons show strong sales revenues and earnings increases (C criteria), but its annual earnings (A criteria) history is below guidelines of the fact-based system.
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CXO
- NYSE - ENERGY - Oil &; Gas Drilling &; Explorati
Concho Resources Inc
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$57.14 |
-0.04 -0.07%
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$58.69
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$59.72
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-4.32% |
994,754 89.59%
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1,110,300
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Most Recent Note for CXO - 6/3/2010 12:42:49 PM
Perched within close striking distance of its all-time high following a considerable gain with heavy volume on 6/02/10. The 2 latest quarterly comparisons showed sales and earnings increases following a streak of 3 quarters with negative comparisons versus the year ago period. On 1/27/10 it completed a Public Offering.
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DECK
- NYSE - Apparel-Clothing Mfg
Deckers Outdoor Corp
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$152.75 |
+3.21
2.15%
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$154.81
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$158.47
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-3.61% |
560,146 130.30%
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429,900
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Most Recent Note for DECK - 6/3/2010 12:51:44 PM
Recent gains with above average volume have it perched within close striking distance (-4%) of its 52-week high. Subsequently topping its 4/23/10 high may put it on course to challenge its 2007 all-time high ($166). Quarterly sales revenues increases have been in the +16% range while earnings increases were above the +25% minimum guideline in the 3 latest comparisons. The previously noted 2/26/10 "breakaway gap" was followed by meaningful gains. This apparel firm has a great annual earnings history (A criteria).
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DLB
- NYSE - ELECTRONICS - Diversified Electronics
Dolby Laboratories Inc
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$67.85 |
+1.71
2.59%
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$68.20
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$69.72
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-2.68% |
371,865 74.06%
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502,100
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Most Recent Note for DLB - 6/3/2010 12:56:08 PM
Gapped up today, trading within close striking distance (-3%) of its 52-week high. Found prompt support near its 50 DMA line recently. Noted in prior mid-day reports - "Concerns were raised based upon the intensified selling on 1/17/08, back when it was dropped from the Featured Stocks list as its 50 DMA line violation triggered technical sell signals. It has rebounded and rallied into new all-time high territory in recent months, however quarterly sales and earnings increases in all of its most current comparisons have been below the +25% investment system guidelines."
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DTV
- NASDAQ - TELECOMMUNICATIONS - Communication Equipment
Directv
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$39.39 |
+0.83
2.16%
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$39.61
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$39.61
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-0.55% |
7,486,324 68.66%
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10,903,600
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Most Recent Note for DTV - 6/3/2010 12:57:47 PM
Hit a new 52-week high today. Earnings increases have been strong in the 2 latest quarters but prior quarterly comparisons showed sub par sales and earnings. Blue triangles beside the quarterly and annual earnings figures within the datagraphs used by CANSLIM.net 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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EPB
- NYSE - ENERGY - Oil &; Gas Pipelines
El Paso Pipeline Partner
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$28.71 |
+0.54
1.92%
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$29.12
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$29.12
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-1.41% |
181,820 68.33%
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266,100
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Most Recent Note for EPB - 6/3/2010 1:05:37 PM
Hitting a new 52-week high today, this master limited partnership owns and operates natural gas transportation pipelines and storage assets in the US. It has reported sales revenues and earnings increases borderline with the minimum guidelines of the fact-based investment system in recent quarterly comparisons and has a good annual earnings (A criteria) history. It completed additional Public Offerings in June '09 and Jan '10.
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GIL
- NYSE - CONSUMER NON-DURABLES - Textile - Apparel Clothing
Gildan Activewear Inc
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$31.03 |
+0.55
1.80%
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$31.71
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$31.71
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-2.14% |
527,999 80.82%
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653,300
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Most Recent Note for GIL - 6/3/2010 1:08:17 PM
Gapped up today and hit a new 52-week high. Multiple gains with above average volume occurred in recent weeks and it found prompt support near its prior chart highs and 50 DMA line. 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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NEOG
- NASDAQ - DRUGS - Diagnostic Substances
Neogen Corp
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$26.87 |
-0.20 -0.74%
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$27.75
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$27.75
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-3.17% |
67,087 93.96%
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71,400
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Most Recent Note for NEOG - 6/3/2010 1:10:15 PM
Reversed into the red after an early gain today for a new all-time high. It faces no resistance due to overhead supply. NEOG has a history of slow steady annual earnings growth (A criteria). The quarter ended February 28,2010 showed improving sales revenues growth with an earnings per share increase above the investment system's +25% guideline, but the 6 prior quarterly comparisons versus the year ago period were below that minimum growth threshold.
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NTAP
- NASDAQ - COMPUTER HARDWARE - Data Storage Devices
Netapp Inc
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$38.57 |
-0.38 -0.98%
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$39.41
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$39.41
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-2.13% |
5,058,920 77.04%
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6,566,700
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Most Recent Note for NTAP - 6/3/2010 1:11:26 PM
Hit a new 52-week high today. Held its ground stubbornly since a 5/27/10 breakaway gap up into new high territory. It has reported stronger sales and earnings in the latest quarters but its up and down annual earnings (A criteria) history makes its fundamentals fall below the guidelines of the fact-based investment system.
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SAM
- NYSE - FOOD & BEVERAGE - Beverages - Brewers
Boston Beer Company
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$68.31 |
+0.71
1.05%
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$69.15
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$69.15
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-1.21% |
133,900 122.39%
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109,400
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Most Recent Note for SAM - 6/3/2010 1:18:09 PM
Extended from any sound base after 8 consecutive gains and an early gain today for another new all-time high. It is clear of any resistance due to overhead supply. This high-ranked Beverages - Alcoholic industry group leader recently found support near its 50 DMA line. Its annual earnings (A criteria) showed a downturn in FY '08 and its sales revenues history is below the investment system guidelines. Sales revenues showed +16% improvement in the period ended March 31, 2010 versus the year ago period while the 3 latest comparisons showed earnings increases above the +25% guideline.
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VASC
- NASDAQ - HEALTH SERVICES - Medical Instruments & Supplies
Vascular Solutions
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$11.60 |
+0.26
2.29%
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$11.74
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$11.74
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-1.19% |
45,308 76.28%
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59,400
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Most Recent Note for VASC - 6/3/2010 1:31:34 PM
Hit yet another new 52-week high today. Noted in recent mid-day reports - "Recent gains on higher volume helped it break out from a long flat base. Annual earnings (A criteria) history has been good. Dec '09 and Mar '10 quarterly comparisons versus the year ago period only showed sales revenues increases in the +10-15% range with earnings per share increases in the +20-25% range."
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VMW
- NYSE - COMPUTER SOFTWARE & SERVICES - Technical & System Software
Vmware Inc Cl A
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$69.73 |
+3.57
5.40%
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$70.49
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$70.49
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-1.08% |
2,904,686 116.97%
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2,483,300
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Most Recent Note for VMW - 6/3/2010 1:33:03 PM
This Computer-Software firm gapped up today, rallying for a considerable gain and new 52-week high. Noted in recent mid-day reports - "recently found great support near its 50 DMA line. In recent weeks there has been a cluster of insider buying reported, which is typically an encouraging sign. The quarter ended March 31, 2010 showed better sales and earnings, but overall it falls short of meeting the C and A criteria of the fact-based system."
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XEC
- NYSE - ENERGY - Independent Oil & Gas
Cimarex Energy Co
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$75.54 |
-3.12 -3.97%
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$78.57
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$78.72
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-4.04% |
1,170,694 80.96%
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1,446,100
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Most Recent Note for XEC - 6/3/2010 1:35:46 PM
Pulling back from its 52-week high today after 6 consecutive gains backed by above average volume. Making its 3rd consecutive mid-day report appearance, it was previously noted - "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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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,
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