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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, JUNE 9TH, 2010
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DOW 10061.28 121.3 (1.22%) | NASDAQ 2205.69 35.12 (1.62%) | S&P 500 1074.83 12.83 (1.21%)
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Time of Screening :
6/9/2010 12:07:07 PM Report Released :
6/9/2010 12:42:17 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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NONE OF OUR FEATURED STOCKS MET TODAY'S SCREENING CRITERIA FOR VOLUME AND PRICE ACTION.
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
BAP
- NYSE - BANKING - Foreign Regional Banks
Credicorp Ltd
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$91.34 |
+2.19
2.46%
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$91.94
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$91.94
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-0.65% |
190,840
89.43%
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213,400
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Most Recent Note for BAP - 6/9/2010 12:07:07 PM
Hitting a new 52-week high today. 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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View all notes |
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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GOLD
- NYSE - METALS & MINING - Gold
Barrick Gold Corporation
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$87.66 |
+0.93
1.07%
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$88.70
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$91.75
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-4.46% |
655,598
61.33%
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1,068,900
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Most Recent Note for GOLD - 6/9/2010 12:12:30 PM
Sales revenues and earnings increases in the past 3 quarterly comparisons have been greater than the +25% minimum guideline, however its up and down annual earnings (A criteria) is a concern. Perched -4% off its 52 week high today, on the right side of a 6-month base pattern.
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View all notes |
Alert me of new notes |
Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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MDAS
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Healthcare Information Service
Medassets Inc
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$24.01 |
+0.54
2.30%
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$24.45
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$24.74
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-2.95% |
1,375,275
308.63%
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445,600
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Most Recent Note for MDAS - 6/9/2010 12:16:54 PM
It is perched -2% off all-time highs on the right side of an orderly base of more than 7 months. Sales revenues and earnings comparisons have been mostly below the +25% guidelines, leaving fundamental concerns.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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NFLX
- NASDAQ - SPECIALTY RETAIL - Music & Video Stores
Netflix Inc
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$117.34 |
+7.01
6.35%
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$117.87
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$119.50
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-1.81% |
2,883,959
88.44%
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3,261,000
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Most Recent Note for NFLX - 6/9/2010 12:22:11 PM
Gapped up today, approaching the all-time high reached when it was last noted in the 5/13/10 mid-day report that its chart had "the look of a possible 'climax run' in the making." Since its latest strong quarterly report it has been noted as very strong in terms of key investment criteria, but extended from a sound base. NFLX rebounded impressively since it was dropped from the Featured Stocks list on 6/02/09 based on persistent trading under its 50 DMA line. It was first featured in yellow at $37.13 in the 1/29/09 CANSLIM.net Mid-Day Breakouts Report (read here).
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View all notes |
Alert me of new notes |
Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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ROST
- NASDAQ - RETAIL - Apparel Stores
Ross Stores Inc
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$56.48 |
+1.88
3.45%
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$56.54
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$58.93
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-4.15% |
1,498,236
70.61%
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2,121,900
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Most Recent Note for ROST - 6/9/2010 12:36:35 PM
Rising above its 50 DMA line toward prior chart highs in the $58 area that define recent resistance. Recent quarters have shown earnings acceleration and it has a good annual earnings history (the A criteria), but sub par sales revenues increases in the +8-14% range are a fundamental concern.
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View all notes |
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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SAM
- NYSE - FOOD & BEVERAGE - Beverages - Brewers
Boston Beer Company
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$67.74 |
+1.43
2.16%
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$67.74
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$69.15
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-2.04% |
74,078
64.47%
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114,900
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Most Recent Note for SAM - 6/9/2010 12:37:33 PM
Extended from any sound base after a recent streak of multiple gains to new all-time high territory. 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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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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UNFI
- NASDAQ - WHOLESALE - Food Wholesale
United Natural Foods Inc
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$33.01 |
+0.59
1.82%
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$33.22
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$34.17
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-3.39% |
184,835
64.65%
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285,900
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Most Recent Note for UNFI - 6/9/2010 12:40:22 PM
Perched near its 52-week high after finding recent support above its 50 DMA line. Sales and earnings history below guidelines.
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Company Profile |
SEC |
News |
Chart | C
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,
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are the property of their respective owners, and are
likewise used for identification purposes only.
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