Mid-Day Breakouts Report - Friday, June 3rd, 2011

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MIDDAY BREAKOUTS REPORT - FRIDAY, JUNE 3RD, 2011
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DOW 12209.65 -38.9 (-0.32%) | NASDAQ 2753.08 -20.23 (-0.73%) | S&P 500 1308.36 -4.58 (-0.35%)

Time of Screening : 6/3/2011 12:30:11 PM Report Released : 6/3/2011 1:37:23 PM
Price is: Above 52W High and Less Than 52W High but within 8% of the 52 Week High
Volume Is: At least 75% 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
AIRM - NASDAQ - TRANSPORTATION - Air Services, Other Air Methods Corp	$70.13	+9.97 16.57%	$70.43	$71.25	-1.57%	450,219 464.14%	97,000
Most Recent Note for AIRM - 6/3/2011 12:35:53 PM Considerable gap up gain today challenging its 52-week high. It had slumped under its 50 DMA line yet found support above prior highs in the $59-60 area during its consolidation since last noted in the 4/06/11 mid-day report - "Sales and earnings growth history has been erratic and below guidelines."
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ASPS - NASDAQ - REAL ESTATE - Property Management/Developmen Altisource Ptf Sltns Sa	$37.16	+1.25 3.48%	$37.25	$37.25	-0.24%	131,191 171.04%	76,700
Most Recent Note for ASPS - 6/3/2011 12:45:29 PM Rallying to a new all-time high today with a considerable volume-driven gain. Disciplined investors may watch for secondary buy points or a sound new base to possibly be formed and noted. It built an orderly base-on-base type pattern and technically broke out with a considerable gain on 4/20/11. Subsequent volume driven gains helped its Relative Strength Rank improve, however it is extended from any sound base pattern now. This Luxembourg-based Financial Services firm's small supply (S criteria) of only 16.8 million shares in the public float can contribute to greater volatility in the event of institutional buying or selling. ASPS was dropped from the Featured Stocks list on 10/07/10 then violated its 200 DMA with a streak of volume-driven losses, and it subsequently rebounded back above its 200 DMA and 50 DMA lines.
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CLFD - NASDAQ - TELECOMMUNICATIONS - Cables / Satalite Equipment Clearfield Inc	$6.97	+0.32 4.81%	$7.00	$7.00	-0.43%	64,245 78.06%	82,300
Most Recent Note for CLFD - 6/3/2011 12:48:09 PM Low-priced Telecom -Fiber Optics firm has shown minuscule revenues but improving sales revenues and earnings in the 3 latest quarterly comparisons. Technically it rose from a double bottom base pattern in late-April with volume driven-gains. Today it touched a new 52-week high, inching above prior resistance near the $7 mark.
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COO - NYSE - HEALTH SERVICES - Medical Instruments & Supplies Cooper Companies Inc	$74.21	+1.52 2.09%	$75.45	$76.59	-3.11%	534,533 92.77%	576,200
Most Recent Note for COO - 6/3/2011 12:50:20 PM Held its ground stubbornly near its 50 DMA line again during its consolidation since last noted in the 5/05/11 mid-day report - "Steadily advanced since a 9/03/10 breakaway gap, continually finding support above its 50 DMA line. 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. It survived but failed to impress since dropped from the Featured Stocks list on 3/29/05."
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DLTR - NASDAQ - RETAIL - Discount, Variety Stores Dollar Tree Inc	$61.89	-0.11 -0.18%	$61.91	$64.47	-4.00%	1,116,473 109.47%	1,019,900
Most Recent Note for DLTR - 6/3/2011 12:54:15 PM Consolidating since a considerable gap up on 5/19/11 for new 52-week and all-time highs. Technically, it is extended from any sound base, while no overhead supply remains to act as resistance. Reported earnings +34% on +14% sales revenues for the quarter ended April 30, 2011 versus the year ago period. Good annual earnings history and quarterly earnings increases above the +25% meet the investment system's C and A guidelines, however sales revenues have shown just steady increases in the +12-14% range.
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FEIC - NASDAQ - ELECTRONICS - Diversified Electronics F E I Co	$40.33	-0.42 -1.03%	$40.80	$41.56	-2.96%	360,650 81.23%	444,000
Most Recent Note for FEIC - 6/3/2011 12:58:18 PM Volume-driven gains helped it inch up for new 52-week and all-time highs (above its 2007 high) this week. Stubbornly held its ground in a tight range in recent weeks. It is not near a sound base pattern now, yet prior mid-day reports have noted - "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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MMS - NYSE - DIVERSIFIED SERVICES - Education & Training Services Maximus Inc	$79.84	-1.18 -1.46%	$80.23	$85.13	-6.21%	88,752 111.22%	79,800
Most Recent Note for MMS - 6/3/2011 1:05:05 PM Consolidating near its 50 DMA line today with a 3rd consecutive loss with above average volume. Last noted in the 5/09/11 mid-day report when hitting a 52-week high - "With a considerable gain after announcing a 2:1 stock split and 20 percent increase in its quarterly dividend. Found support near its 50 DMA line last week while consolidating and building on an orderly base. Ownership interest by top-rated funds fell from 397 in Jun '10 to 364 in Mar '11, which is not reassuring concerning the I criteria. Earnings increases in recent comparisons have been mostly above the +25% guideline but sales revenues increases in the +5-11% range have been sub par."
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MOV - NYSE - CONSUMER DURABLES - Recreational Goods, Other Movado Group Inc	$16.53	-0.12 -0.72%	$17.03	$17.56	-5.87%	102,350 91.96%	111,300
Most Recent Note for MOV - 6/3/2011 1:07:28 PM Perched above its 50 DMA line today after challenging stubborn resistance in the $17 area with a volume-driven gap up gain on the prior session. 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.
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NL - NYSE - Hsehold/Office Furniture N L Industries	$18.69	-0.11 -0.59%	$18.84	$19.34	-3.36%	38,970 85.09%	45,800
Most Recent Note for NL - 6/3/2011 1:08:28 PM Stubbornly holding its ground in a tight range 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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PSMT - NASDAQ - RETAIL - Drug Stores Pricesmart Inc	$44.75	-0.14 -0.31%	$46.10	$47.80	-6.38%	185,777 109.22%	170,100
Most Recent Note for PSMT - 6/3/2011 1:21:50 PM The high-ranked Retail firm found support above its 50 DMA line and prior highs in the $40 area during its recent consolidation. Recent quarterly comparisons show earnings increases above the +25% guideline versus the year earlier and encouraging sequential acceleration in its sales revenues increases. 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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SQM - NYSE - CHEMICALS - Synthetics Sociedad Quimica Y Minra	$61.76	-0.90 -1.44%	$62.13	$62.89	-1.80%	422,693 84.27%	501,600
Most Recent Note for SQM - 6/3/2011 1:28:29 PM Holding its ground after a streak of 7 consecutive gains 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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VRTS - NASDAQ - FINANCIAL SERVICES - Asset Management Virtus Investment Ptnrs	$57.70	+3.25 5.97%	$58.19	$62.30	-7.38%	38,158 119.24%	32,000
Most Recent Note for VRTS - 6/3/2011 1:32:33 PM Rising above its 50 DMA line today yet still perched -7.5% off its 52-week high. Recent quarterly comparisons show greatly improved earnings and sales revenues. Prior earnings history is below the fact-based system's guidelines.
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YZC - NYSE - METALS & MINING - Industrial Metals & Minerals Yanzhou Coal Mining Adr	$38.62	-2.61 -6.33%	$38.90	$41.89	-7.81%	262,458 88.13%	297,800
Most Recent Note for YZC - 6/3/2011 1:36:07 PM Gapped down today, erasing the week's earlier gains for a new 52-week high. It slumped back into its prior base, sinking below support a prior 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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