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MIDDAY BREAKOUTS REPORT - THURSDAY, JUNE 23RD, 2011
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DOW 11931.63 -178.04 (-1.47%) | NASDAQ 2651.03 -18.16 (-0.68%) | S&P 500 1269.1 -18.04 (-1.40%)
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Time of Screening :
6/23/2011 11:53:45 AM Report Released :
6/23/2011 12:46:34 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...
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 |
LULU
- NASDAQ
Lululemon Athletica
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$102.38
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+1.01
1.00%
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$103.38
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1,410,167 70.05% of 50 DAV
50 DAV is 2,013,000
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$104.92 -2.42%
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6/21/2011 |
$102.95
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PP = $101.14 MB = $106.20 |
Most Recent Note - 6/23/2011 12:30:36 PM
Y - Holding its ground, poised for a best-ever close today. Hit new 52-week and all-time highs as it was featured again in the 6/21/11 mid-day report highlighted in yellow with new pivot point cited based on a "double bottom" base formed over the past 9 weeks. See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/21/2011. Click here.
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ZAGG
- NASDAQ
Zagg Inc
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$15.52
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+0.58
3.91%
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$15.82
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2,252,417 163.66% of 50 DAV
50 DAV is 1,376,300
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$15.82 -1.90%
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6/1/2011 |
$10.92
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PP = $10.59 MB = $11.12 |
Most Recent Note - 6/23/2011 12:45:47 PM
G - Hit yet another new all-time high today, overcoming a gap down for an early loss. Considerable volume-driven gains came after news it bought privately held mobile device accessories company iFrogz Inc for about $105 million. It is extended from a sound base, and 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.
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Symbol - Exchange - Industry Group Company Name |
Last |
Chg |
Day High |
52 WK Hi |
% From Hi |
Volume % DAV |
DAV |
AET
- NYSE - HEALTH SERVICES - Health Care Plans
Aetna Inc
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$42.83 |
-1.43 -3.23%
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$43.81
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$46.01
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-6.91% |
2,581,110 59.92%
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4,307,300
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Most Recent Note for AET - 6/23/2011 11:57:07 AM
Consolidating above its 50 DMA line, working on a new flat base. Hit its 52-week high on 5/19/11 when last noted in the mid-day report - "Earnings increases have been above the +25% guideline in the past 4 quarterly comparisons versus the year earlier, but during that span its sales revenues were in the negative -1-3% range. Annual earnings (A criteria) history is also below the investment system's guidelines."
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ASPS
- NASDAQ - REAL ESTATE - Property Management/Developmen
Altisource Ptf Sltns Sa
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$35.55 |
-0.13 -0.36%
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$35.86
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$37.49
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-5.17% |
52,630 59.33%
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88,700
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Most Recent Note for ASPS - 6/23/2011 11:58:45 AM
Still 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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AVGO
- NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits
Broadcom Inc
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$35.64 |
-0.36 -1.00%
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$35.96
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$36.29
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-1.79% |
1,123,093 57.64%
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1,948,500
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Most Recent Note for AVGO - 6/23/2011 12:01:11 PM
Hit a new 52-week high on the prior session with a volume-driven gain. Found support near its 50 DMA line throughout its ongoing ascent. Proposed yet another Secondary Offering on 5/31/11. During 2010 it completed a Public Offering and two Secondary Offerings. As noted in prior mid-day reports - "It has shown good sales revenues and earnings increases in recent quarters satisfying the C criteria. Its prior earnings history is below guidelines."
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BBBY
- NASDAQ - RETAIL - Home Furnishing Stores
Bed Bath & Beyond Inc
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$56.05 |
+1.99
3.68%
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$57.00
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$57.90
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-3.20% |
4,817,135 168.80%
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2,853,800
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Most Recent Note for BBBY - 6/23/2011 12:03:09 PM
Gapped up today, rising above its 50 DMA line with a 4th consecutive gain on ever-increasing volume, working up through resistance due to overhead supply. Quarterly earnings increases have been above the +25% guideline in the past 6 comparisons, however sales revenues increases have been in the 11-13% range over the past year. A downturn in FY '09 earnings is a flaw concerning the A criteria.
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COO
- NYSE - HEALTH SERVICES - Medical Instruments & Supplies
Cooper Companies Inc
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$75.87 |
-1.63 -2.10%
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$77.96
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$77.98
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-2.71% |
260,944 62.52%
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417,400
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Most Recent Note for COO - 6/23/2011 12:05:16 PM
Pulling back today from the new 52-week high it reached without great volume conviction behind this week's earlier gains while rising from an orderly flat base. Prior mid-day reports noted - "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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CPHD
- NASDAQ - ELECTRONICS - Scientific & Technical Instrum
Cepheid
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$31.98 |
-1.42 -4.25%
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$32.99
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$33.83
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-5.47% |
276,296 59.59%
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463,700
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Most Recent Note for CPHD - 6/23/2011 12:08:17 PM
Pulling back toward its 50 DMA line today from the new 52-week high it hit earlier this week. A volume-driven gain on 6/21/11 helped it rise from an orderly base pattern above its 50 DMA line. Reported 8 cents per share in earnings, versus a year ago loss of one cent per share, with a +25% increase in sales revenues for the quarter ended March 31, 2011. Prior mid-day reports noted - "Its prior earnings history (bad A criteria) has been poor."
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DFS
- NYSE - DIVERSIFIED SERVICES - Business/Management Services
Discover Financial Svcs
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$23.89 |
+0.30
1.27%
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$24.04
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$25.76
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-7.26% |
5,772,959 98.50%
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5,861,100
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Most Recent Note for DFS - 6/23/2011 12:11:35 PM
Encountering resistance near its 50 DMA line this week. It slumped below that short-term average after making little headway above previously stubborn resistance in the $25 area. The 4/20/11 mid-day report and earlier reports noted - "Its sales and earnings growth history is below the investment system's guidelines."
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DOV
- NYSE - CONGLOMERATES - Conglomerates
Dover Corp
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$64.46 |
+1.34
2.12%
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$64.55
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$69.25
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-6.92% |
843,378 61.25%
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1,377,000
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Most Recent Note for DOV - 6/23/2011 12:13:12 PM
Its 50 DMA line has acted as resistance this week. Found support near prior chart lows and just above its 200 DMA line during its consolidation since 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."
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GWW
- NYSE - WHOLESALE - Electronics Wholesale
Grainger W W Inc
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$147.75 |
-1.35 -0.91%
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$147.82
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$153.60
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-3.81% |
278,559 59.58%
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467,500
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Most Recent Note for GWW - 6/23/2011 12:16:55 PM
Perched -3.7% off its all-time high, and gains this week helped it rebound above its 50 DMA line. Little overhead supply remains to act as resistance. Recent quarters show improving sales revenues and earnings growth. It had slumped below its 50 DMA line since last noted in the 5/17/11 mid-day report - "The prior growth history for this Retail/Wholesale Building Products firm included a downturn in FY '09 which raises concerns with respect to the A criteria of the fact-based investment system's guidelines."
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HTCO
- NASDAQ - TELECOMMUNICATIONS - Telecom Services - Domestic
Hickory Tech Corp
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$11.99 |
+0.15
1.27%
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$12.00
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$12.16
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-1.40% |
30,868 82.53%
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37,400
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Most Recent Note for HTCO - 6/23/2011 12:20:48 PM
Poised for another new high close with today's gain while making its second consecutive mid-day report appearance. 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 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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INTX
- NASDAQ - FINANCIAL SERVICES - Credit Services
Intersections Inc
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$16.06 |
-0.44 -2.67%
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$16.44
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$16.91
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-5.03% |
82,169 105.75%
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77,700
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Most Recent Note for INTX - 6/23/2011 12:22:15 PM
Pulling back today from the new 52-week high it reached on the prior session. Making limited price 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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LAD
- NYSE - SPECIALTY RETAIL - Auto Dealerships
Lithia Motors Inc Cl A
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$17.84 |
-0.02 -0.11%
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$17.85
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$19.09
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-6.55% |
199,945 106.64%
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187,500
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Most Recent Note for LAD - 6/23/2011 12:27:19 PM
Building an orderly flat base on base pattern above its 50 DMA line. Sales revenues and earnings showed improvement in recent quarterly comparisons, but its prior earnings history (A criteria) has not been strong and steady.
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SBUX
- NASDAQ - LEISURE - Specialty Eateries
Starbucks Corp
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$37.19 |
-0.09 -0.24%
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$37.31
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$38.21
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-2.67% |
3,876,894 59.78%
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6,485,000
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Most Recent Note for SBUX - 6/23/2011 12:36:30 PM
Consolidating -2.3% off its 52-week high today, basing in an orderly fashion above its 50 DMA line. Holding its ground stubbornly since a breakaway gap on 3/10/11. Earnings increased +17% on +10% sales in the quarter ended March 31, 2011 versus the year ago period. The downturn in FY '08 earnings (A criteria) history also makes the Retail - Restaurants firm fall below the guidelines of the investment system.
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SPG
- NYSE - REAL ESTATE - REIT - Retail
Simon Property Group Inc
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$111.45 |
-2.77 -2.43%
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$112.82
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$118.10
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-5.63% |
914,476 58.23%
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1,570,500
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Most Recent Note for SPG - 6/23/2011 12:39:02 PM
Gapped down today violating its 50 DMA line and slumping near prior chart highs in the $110 area that may act as a support level. Sales revenues and earnings growth history does not meet the investment system's guidelines.
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TDG
- NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products &; Services
Transdigm Group Inc
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$85.50 |
-1.39 -1.60%
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$85.95
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$88.59
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-3.49% |
168,211 64.08%
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262,500
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Most Recent Note for TDG - 6/23/2011 12:42:26 PM
Pulling back today after touching another new 52-week and all-time high on the prior session and then reversing, following a streak of 4 consecutive small gains backed by above average volume. Prior mid-day reports 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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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.
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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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