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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, JUNE 22ND, 2011
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DOW 12196.18 6.17 (0.05%) | NASDAQ 2689.17 1.92 (0.07%) | S&P 500 1297.32 1.8 (0.14%)
Time of Screening : 6/22/2011 12:03:42 PM         Report Released : 6/22/2011 1:23:20 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
Max Buy
HS -

$47.47 +1.66
3.62%
$47.69 740,319
86.76% of 50 DAV
50 DAV is 853,300
$47.78
-0.65%
6/16/2011 $42.44 PP = $45.21
MB = $47.47
Most Recent Note - 6/22/2011 12:48:06 PM
Y - Gapped up today, rising to a new all-time high near its "max buy" level. Finished strong on the prior session following a gap up gain, rising above its new pivot point previously noted for a 4th consecutive gain backed by +91% above average volume, technically triggering a new (or add-on) buy signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/16/2011. Click here.
View all notes | Alert me of new notes | Company Profile | SEC | News | ChartC A N S L I M
SWI - NYSE
Solarwinds Inc
$25.83 +0.09
0.33%
$25.90 500,062
68.70% of 50 DAV
50 DAV is 727,900
$26.68
-3.20%
6/7/2011 $24.22 PP = $25.05
MB = $26.30
Most Recent Note - 6/22/2011 1:16:09 PM
Y - Consolidating above its pivot point today following a volume-driven gain on the prior session. Following its recent breakout there was a worrisome negative reversal on 6/15/11 with volume 4 times average after hitting a new 52-week high. Prior resistance in the $24-25 area acted as a support level.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/8/2011. Click here.
View all notes | Alert me of new notes | Company Profile | SEC | News | ChartC A N S L I M
ZAGG - NASDAQ
Zagg Inc
$13.66 +1.06
8.41%
$14.40 2,559,701
205.32% of 50 DAV
50 DAV is 1,246,700
$14.40
-5.14%
6/1/2011 $10.92 PP = $10.59
MB = $11.12
Most Recent Note - 6/22/2011 1:23:04 PM
G - Gapped up today and hit a new all-time high with a considerable volume-driven gain after news it bought privately held mobile device accessories company iFrogz Inc for about $105 million. It is very extended from the previously noted cup-with-handle type base pattern. Prior highs define initial support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/1/2011. Click here.
View all notes | Alert me of new notes | Company Profile | SEC | News | ChartC A N S L I M

Symbol - Exchange - Industry Group
Company Name
Last Chg Day
High
52 WK Hi % From Hi Volume
% DAV
DAV
AGN - NYSE - DRUGS - Drug Manufacturers - Other
Allergan Inc
$81.73 -1.04
-1.26%
$82.94 $85.74 -4.68% 1,674,290
78.97%
2,120,200
Most Recent Note for AGN - 6/22/2011 12:06:07 PM
Found support near its 50 DMA line last week during its quiet consolidation since last noted in the 5/19/11 mid-day report - "Hit new 52-week and all-time highs with a solid gain on the prior session with above average volume, getting more extended from any sound base pattern. It has shown steady annual earnings growth, but quarterly earnings and sales increases have repeatedly been reported below guidelines through the Mar '11 quarter."
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ASPS - NASDAQ - REAL ESTATE - Property Management/Developmen
Altisource Ptf Sltns Sa
$35.79 -0.03
-0.08%
$35.95 $37.49 -4.53% 49,892
57.81%
86,300
Most Recent Note for ASPS - 6/22/2011 12:09:10 PM
Enduring mild distributional pressure while holding its ground well above its 50 DMA line, consolidating after rallying to new all-time highs with considerable volume-driven gains. 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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AVD - NYSE - CHEMICALS - Agricultural Chemicals
American Vanguard Corp
$11.95 +0.13
1.09%
$12.01 $12.36 -3.33% 81,678
67.06%
121,800
Most Recent Note for AVD - 6/22/2011 12:10:37 PM
Hovering near its 52-week high, stubbornly holding its ground after a recent technical breakout. Prior mid-day reports repeatedly noted - "Recent quarterly comparisons show sales revenues and earnings improving after a streak of negative comparisons after a downturn and loss in FY '09. Erratic earnings history makes it, fundamentally, below the investment system guidelines."

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BGS - NYSE - FOOD & BEVERAGE - Processed & Packaged Goods
B & G Foods Inc
$20.66 +0.27
1.32%
$20.90 $20.90 -1.15% 409,577
101.23%
404,600
Most Recent Note for BGS - 6/22/2011 12:15:11 PM
Today it hit another new 52-week high, rising further above previously stubborn resistance in the mid-$19 area, breaking out from an orderly base with a spurt of volume-driven gains. Reported earnings +23% on +5% sales for the quarter ended March 31, 2011. Prior mid-day reports - "Reported earnings +100% on +5% sales revenues for the quarter ended December 31, 2010 versus the year ago period. Its earnings history has been strong, but the lack of sales revenues growth raises concerns that there is not great or growing demand for a new (N criteria) product or services."
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BIIB - NASDAQ - DRUGS - Biotechnology
Biogen Idec Inc
$99.82 +1.17
1.19%
$100.32 $106.99 -6.70% 3,457,039
127.51%
2,711,200
Most Recent Note for BIIB - 6/22/2011 12:17:33 PM
Holding its ground following its 6/20/11 gap up after finding support at its 50 DMA line last week. Rallying near its 52-week and multi-year high hit when it gapped up on 4/21/11. Prior mid-day reports noted - "Reported earnings +32% on +9% sales for the quarter ended March 31, 2011 versus the year ago period. Held its ground and kept rising following the considerable 4/11/11 gap up gain on heavy volume. Earnings and sales growth history is below the guidelines of the fact-based investment system, still. It survived but failed to impress since last noted in October 2007 mid-day reports after a huge gap up on news if had interested buyers including Carl Icahn."
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CATM - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services
Cardtronics Inc
$22.35 +0.96
4.49%
$22.47 $22.47 -0.53% 142,043
58.05%
244,700
Most Recent Note for CATM - 6/22/2011 12:21:44 PM
Produced strong earnings increases above the +25% guideline in quarterly comparisons and strong annual earnings (C and A criteria) growth. Sales revenues increases in the +6-8% range for the past 4 quarterly comparisons through March '11 show no great growth in demand for its products and services. Today's 4th consecutive gain has it challenging its 52-week and all-time highs after finding support near its 50 DMA line while consolidating since last noted in the 5/12/11 mid-day report - "No overhead supply remains to hinder its progress, however it is getting extended from a sound base pattern. Found great support near its 50 DMA line since the previously noted technical breakout from a base on 2/11/11. Secondary Offerings were completed on 3/31/10 and on 8/18/10."
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DMND - NASDAQ - FOOD &; BEVERAGE - Processed &; Packaged Goods
Diamond Foods Inc
$73.91 +0.93
1.27%
$74.23 $75.92 -2.65% 186,297
66.84%
278,700
Most Recent Note for DMND - 6/22/2011 12:33:05 PM
Some may consider it a short "square-box" type base being formed while rallying toward its all-time highs today. It has spent very little time consolidating during its ascent since its 4/05/11 gap up on news it would buy Procter & Gamble's Pringles. Strong earnings history in recent years (A criteria). Earnings rose +73% on +61% sales revenues in the quarter ended April 30, 2011 versus the year ago period. The Dec '10 quarter also showed strong increases, but quarterly earnings were reported at -24% for the Oct '10 period, a flaw in its otherwise impressive earnings history. Small supply of only 22 million outstanding shares (S criteria) could contribute to greater volatility in the event of any institutional maneuvering.
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DOV - NYSE - CONGLOMERATES - Conglomerates
Dover Corp
$64.46 +1.34
2.12%
$64.55 $69.25 -6.92% 843,378
61.42%
1,373,200
Most Recent Note for DOV - 6/22/2011 12:38:34 PM
Rebounding above its 50 DMA line today. Found support near prior chart lows and just above its 200 DMA line during its consolidation since last noted in the 4/21/11 mid-day report. It ran into stubborn resistance in the $68 area as it touched a new 52-week high and was then noted - "Sales revenues and earnings increases in recent quarterly comparisons have been strong enough to satisfy the C criteria, but concerns are raised by a downturn in FY '09 earnings (A criteria) and a streak of negative comparisons."
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
ECHO - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services
Echo Global Logistics
$17.02 +0.15
0.86%
$17.35 $17.35 -1.93% 198,277
167.61%
118,300
Most Recent Note for ECHO - 6/22/2011 12:41:57 PM
Hit another new 52-week and all-time high today with a 5th consecutive gain. The 6/21/11 mid-day report noted - "Quickly getting extended from a short flat base above its 50 DMA line. Lack of leadership (L criteria) in the Transportation - Logistics group is a concern."

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HTCO - NASDAQ - TELECOMMUNICATIONS - Telecom Services - Domestic
Hickory Tech Corp
$11.98 +0.36
3.10%
$12.00 $12.16 -1.48% 26,378
71.68%
36,800
Most Recent Note for HTCO - 6/22/2011 12:52:35 PM
Poised for a new high close with today's gain. Held its ground above prior highs since hitting a new 52-week high with a considerable gain on 6/13/11, adding to its streak of gains with above average volume, when the mid-day report last noted again - "Its up and down annual earnings (A criteria) history is a concern, and quarterly sales revenues and earnings increases have not been strong and steady."
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HUM - NYSE - HEALTH SERVICES - Health Care Plans
Humana Inc
$83.09 +1.45
1.77%
$83.40 $83.40 -0.38% 929,369
59.90%
1,551,500
Most Recent Note for HUM - 6/22/2011 12:57:01 PM
Hitting a new 52-week high today with a 3rd consecutive gain, quietly approaching its 2008 all-time high. Amid strength in the HMO group it was last noted in the 6/09/11 mid-day report - "Sub par sales revenues and quarterly earnings increases raise fundamental concerns. Its annual earnings history is marred by a downturn in FY '08 earnings after years of steady growth."
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HURC - NASDAQ - ELECTRONICS - Scientific & Technical Instrum
Hurco Companies Inc
$30.60 +0.00
0.00%
$30.99 $32.82 -6.76% 18,476
74.80%
24,700
Most Recent Note for HURC - 6/22/2011 12:58:33 PM
Encountering resistance near its 50 DMA line recently. The 6/06/11 mid-day report noted - "Earnings history has not been a good match with the fact-based investment system's winning models."

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INTX - NASDAQ - FINANCIAL SERVICES - Credit Services
Intersections Inc
$16.69 +0.56
3.47%
$16.91 $16.91 -1.30% 123,432
167.71%
73,600
Most Recent Note for INTX - 6/22/2011 1:03:48 PM
Hit a new 52-week high today, making progress after holding its ground in a tight range in recent weeks while unhindered by overhead supply . Prior mid-day reports noted - "Quarterly earnings increases have been strong in recent comparisons although sales revenues increases have been only in the +1-7% range and its annual earnings (A criteria) history includes a downturn in FY '09 earnings, leaving fundamental concerns."
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TDG - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products &; Services
Transdigm Group Inc
$88.12 +1.18
1.36%
$88.56 $88.56 -0.50% 289,502
114.25%
253,400
Most Recent Note for TDG - 6/22/2011 1:19:23 PM
Hitting yet another new 52-week and all-time high today with its 5th consecutive small gain backed by above average volume. The 6/20/11 mid-day report noted - "No resistance remaining due to overhead supply. Recent earnings increases have been just below the +25% guideline in quarterly comparisons through March '11 while sales revenues increases showed acceleration following a streak of weak or negative comparisons. In recent years it has rebounded and rallied to new highs following a deep consolidation after it was dropped from the Featured Stocks list 1/17/08."
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WAG - NYSE - RETAIL - Drug Stores
Walgreen Company
$42.80 -0.48
-1.11%
$43.16 $45.34 -5.60% 5,874,116
98.36%
5,972,100
Most Recent Note for WAG - 6/22/2011 1:21:32 PM
Gapped down today and for a damaging loss on the prior session, reversing from its 52-week high and abruptly violating its 50 DMA line and recent lows, raising concerns. Prior mid-day reports noted - "Quarterly sales revenues and earnings increases and its annual earnings history are below the fact-based investment system's guidelines."
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