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 MIDDAY BREAKOUTS REPORT - FRIDAY, JUNE 11TH, 2010
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DOW 10141.47 -31.06 (-0.31%) | NASDAQ 2225.69 6.98 (0.31%) | S&P 500 1082.11 -4.73 (-0.44%)
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Time of Screening :
6/11/2010 12:16:28 PM Report Released :
6/11/2010 1:02:07 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 |
DECK
- NYSE
Deckers Outdoor Corp
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$157.34
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+4.49
2.94%
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$160.00
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541,836
113.90% of 50 DAV
50 DAV is 475,700
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$160.00
-1.66%
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6/11/2010 |
$157.34
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PP = $158.57
MB = $166.50 |
Most Recent Note - 6/11/2010 12:24:01 PM
Y - Gain today for a new 52-week high, after a choppy 7-week consolidation, 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).
There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below
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SEC |
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A N
S L
I M
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MELI
- NASDAQ
Mercadolibre Inc
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$57.16
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-0.14
-0.24%
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$58.81
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756,365
111.21% of 50 DAV
50 DAV is 680,100
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$58.81
-2.81%
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5/13/2010 |
$54.21
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PP = $55.85
MB = $58.64 |
Most Recent Note - 6/11/2010 12:31:08 PM
Y - Pulled back after early gains today above its "max buy" level. Surged in the final hour on 6/10/10 and hit a new 52-week high with a considerable gain above its pivot point on volume +79% above average, triggering a technical buy signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/10/2010. Click here.
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A N
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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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$188.00 |
+0.28
0.15%
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$189.75
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$195.75
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-3.96% |
449,721
87.84%
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512,000
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Most Recent Note for AZO - 6/11/2010 12:16:28 PM
Consolidating above prior chart highs and its 50 DMA line since its considerable gain with heavy volume on 5/25/10 for a new 52-week high. 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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A N
S L
I M
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CIB
- NYSE - BANKING - Foreign Regional Banks
Bancolombia Sa Ads
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$49.42 |
+0.99
2.04%
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$49.47
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$49.81
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-0.78% |
178,151
62.14%
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286,700
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Most Recent Note for CIB - 6/11/2010 12:18:19 PM
Perched near all-time highs in the $49 area, this Colombia-based bank operating company's quarterly and annual earnings history has been erratic.
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A N
S L
I M
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IGTE
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Information Technology Service
Igate Corp
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$13.10 |
+0.52
4.13%
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$13.11
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$13.40
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-2.24% |
574,804
282.46%
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203,500
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Most Recent Note for IGTE - 6/11/2010 12:26:25 PM
Gain today with heavy volume, rallying toward its 52-week high after finding recent support above its 50 DMA line and prior chart highs during its 8-week consolidation. It was noted in the 4/13/10 mid-day report - "rising from a saucer-like pattern with volume running at an above average pace while it posts a 4th consecutive gain on ever increasing volume. Sales and earnings history are below guidelines of the fact-based system."
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MDAS
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Healthcare Information Service
Medassets Inc
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$24.68 |
-0.17
-0.68%
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$25.08
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$25.08
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-1.59% |
454,463
99.01%
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459,000
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Most Recent Note for MDAS - 6/11/2010 12:28:41 PM
No overhead supply exists to hinder its progress as it hit new all-time highs with multiple gains this week on heavy volume helping it rise from 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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I M
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NFLX
- NASDAQ - SPECIALTY RETAIL - Music & Video Stores
Netflix Inc
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$118.88 |
+0.22
0.19%
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$121.50
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$121.55
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-2.20% |
2,081,112
62.79%
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3,314,500
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Most Recent Note for NFLX - 6/11/2010 12:32:48 PM
Gains this week helped it reach a new all-time high, but it has not formed a sound base. Previously 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. 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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NTAP
- NASDAQ - COMPUTER HARDWARE - Data Storage Devices
Netapp Inc
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$39.45 |
+0.96
2.49%
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$39.47
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$39.54
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-0.23% |
4,755,867
66.79%
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7,120,400
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Most Recent Note for NTAP - 6/11/2010 12:36:14 PM
Hit a new 52-week high today. Noted in recent mid-day reports - "it has been holding its ground stubbornly since its 'breakaway gap' on 5/27/10. 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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$68.83 |
+1.16
1.71%
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$69.16
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$69.16
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-0.48% |
77,612
66.45%
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116,800
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Most Recent Note for SAM - 6/11/2010 12:42:06 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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SRCL
- NASDAQ - MATERIALS & CONSTRUCTION - Waste Management
Stericycle Inc
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$63.03 |
-0.16
-0.25%
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$63.17
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$64.07
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-1.62% |
498,555
74.72%
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667,200
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Most Recent Note for SRCL - 6/11/2010 12:47:46 PM
Holding its ground today after 2 consecutive gap up gains. A powerful breakout gain on 6/09/10 for a new 52-week high convincingly cleared stubborn resistance in the $60 area. Last noted on 11/20/08 when reacting to news it was being added to the S&P 500 Index, replacing Anheuser-Busch. It has steadily produced lackluster earnings and sales growth just under the +25% guideline.
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THS
- NYSE - FOOD & BEVERAGE - Processed & Packaged Goods
Treehouse Foods Inc
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$49.00 |
+0.29
0.60%
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$49.70
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$49.73
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-1.47% |
369,247
129.42%
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285,300
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Most Recent Note for THS - 6/11/2010 12:48:54 PM
Gain today helped it hit another new all-time high. Completed a Public Offering on 2/24/10 and found impressive support above prior highs during its subsequent consolidation. Lack of strong sales revenues growth is a fundamental concern, but the company has a good quarterly and annual earnings history.
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VASC
- NASDAQ - HEALTH SERVICES - Medical Instruments & Supplies
Vascular Solutions
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$11.88 |
+0.35
3.04%
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$11.95
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$11.95
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-0.59% |
39,243
63.71%
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61,600
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Most Recent Note for VASC - 6/11/2010 12:54:21 PM
Hit a new 52-week high today, getting more extended from its prior base. 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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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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