Mid-Day Breakouts Report - Friday, June 24th, 2011

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MIDDAY BREAKOUTS REPORT - FRIDAY, JUNE 24TH, 2011
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DOW 11973.94 -76.06 (-0.63%) | NASDAQ 2656.88 -29.87 (-1.11%) | S&P 500 1273.47 -10.03 (-0.78%)

Time of Screening : 6/24/2011 12:12:20 PM Report Released : 6/24/2011 1:08:33 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...

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
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (50 DAV)	52 Wk Hi % From Hi	Date Featured	Price Featured	Max Buy
CMG - NYSE Chipotle Mexican Grill	$295.49	+4.71 1.62%	$297.00	609,710 58.99% of 50 DAV 50 DAV is 1,033,600	$297.00 -0.51%	4/1/2011	$274.00	PP = $275.10 MB = $288.86
Most Recent Note - 6/24/2011 12:38:51 PM G - It hit a new all-time high today and is clear of all resistance, but it has not formed a sound new base pattern. The upward trendline connecting its July 2010 and May 2011 lows defines an initial technical support level to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 6/15/2011. Click here.
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LULU - NASDAQ Lululemon Athletica	$105.25	-1.45 -1.36%	$106.48	1,177,195 57.80% of 50 DAV 50 DAV is 2,036,700	$106.75 -1.41%	6/21/2011	$102.95	PP = $101.14 MB = $106.20
Most Recent Note - 6/24/2011 12:53:47 PM Y - Holding its ground today after a strong finish on the prior session with a volume-driven gain to new 52-week and all-time highs. 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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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ACN - NYSE - DIVERSIFIED SERVICES - Business/Management Services Accenture Plc	$56.97	+1.28 2.30%	$57.21	$58.20	-2.11%	4,689,277 129.03%	3,634,300
Most Recent Note for ACN - 6/24/2011 12:14:08 PM Gapped up today, rallying above its 50 DMA line toward its 52-week high with its 5th consecutive gain. The 6/14/11 mid-day report noted - "Earnings history is below the fact-based investment system's guidelines but showed recent improvement. Since it was dropped from the Featured Stocks list on 9/11/08 it survived but failed to impress."
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ALK - NYSE - TRANSPORTATION - Regional Airlines Alaska Air Group Inc	$66.74	-1.84 -2.68%	$68.49	$70.07	-4.75%	181,433 58.98%	307,600
Most Recent Note for ALK - 6/24/2011 12:14:59 PM Consolidating above its 50 DMA line just -4.9% off its 52-week high. Quarterly comparisons have shown strong earnings increases while sales revenues growth was in the +10-16% range. Downturn in FY '08 earnings is a flaw concerning the A criteria.
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AVD - NYSE - CHEMICALS - Agricultural Chemicals American Vanguard Corp	$13.64	+0.26 1.94%	$13.89	$13.89	-1.80%	221,492 162.15%	136,600
Most Recent Note for AVD - 6/24/2011 12:16:47 PM Hit a new 52-week high today with above average volume behind its 5th consecutive gain. While 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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AVGO - NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits Broadcom Inc	$35.65	-0.17 -0.47%	$35.78	$36.29	-1.76%	1,217,136 61.25%	1,987,100
Most Recent Note for AVGO - 6/24/2011 12:18:47 PM Hovering near its 52-week high, holding its ground after a volume-driven gain on 6/22/11. 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	$56.57	-0.36 -0.63%	$57.63	$57.90	-2.30%	2,560,431 86.44%	2,962,200
Most Recent Note for BBBY - 6/24/2011 12:28:59 PM Challenging its 52-week high today. Gapped up on 6/23/11, 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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CATM - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Cardtronics Inc	$22.46	-0.01 -0.04%	$22.61	$22.61	-0.66%	192,435 76.58%	251,300
Most Recent Note for CATM - 6/24/2011 12:37:04 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. This week's volume-driven gains helped it hit new 52-week and all-time highs after finding support near its 50 DMA line while consolidating since 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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DFS - NYSE - DIVERSIFIED SERVICES - Business/Management Services Discover Financial Svcs	$24.79	+0.90 3.75%	$24.79	$25.76	-3.78%	4,801,346 79.66%	6,027,100
Most Recent Note for DFS - 6/24/2011 12:39:50 PM Gain today has it rallying above its 50 DMA line. 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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FMX - NYSE - FOOD & BEVERAGE - Beverages - Brewers Fomento Econ Mex Sab Ads	$62.79	-0.12 -0.19%	$63.15	$64.15	-2.12%	428,099 80.96%	528,800
Most Recent Note for FMX - 6/24/2011 12:42:02 PM Still building an orderly base and finding support near its 50 DMA line and above prior highs, perched within close striking distance of its 52-week high. Recent quarterly comparisons showed earnings improving, but sales revenues and earnings growth has not been strong and steady. Its annual earnings history (A criteria) included a downturn in FY '08.
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HTCO - NASDAQ - TELECOMMUNICATIONS - Telecom Services - Domestic Hickory Tech Corp	$11.75	-0.21 -1.76%	$12.00	$12.16	-3.37%	48,187 124.84%	38,600
Most Recent Note for HTCO - 6/24/2011 12:47:05 PM Perched at its 52-week high while making its 3rd 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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HURC - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Hurco Companies Inc	$31.53	+1.13 3.72%	$31.58	$32.82	-3.93%	35,012 141.75%	24,700
Most Recent Note for HURC - 6/24/2011 12:48:32 PM Encountering resistance near its 50 DMA line while churning above average volume this week. 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	$16.16	-0.07 -0.43%	$16.29	$16.91	-4.44%	82,354 102.30%	80,500
Most Recent Note for INTX - 6/24/2011 12:49:36 PM Pulling back from the new 52-week high it reached earlier this week. 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	$19.17	+0.37 1.97%	$19.47	$19.47	-1.54%	222,617 116.80%	190,600
Most Recent Note for LAD - 6/24/2011 12:51:51 PM Hit a new 52-week high today with its 2nd consecutive volume-driven gain and 2nd consecutive mid-day report appearance, rising from an orderly flat base on base pattern above its 50 DMA line. The 6/23/11 mid-day report noted - "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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OSIS - NASDAQ - Aerospace/Defense O S I Systems Inc	$41.63	-0.05 -0.12%	$42.28	$42.28	-1.54%	78,729 62.78%	125,400
Most Recent Note for OSIS - 6/24/2011 12:55:31 PM Touched another new 52-week high today. Volume-driven gains this week helped it rise above previously stubborn resistance in the $40 area. Found support near its 200 DMA line during its long consolidation. Annual earnings (A criteria) growth has been strong. Quarterly results have also shown strong earnings increases, but sales revenues growth has not been strong and steady, leaving fundamental concerns. Ownership by top-rated funds fell from 364 in Dec '10 to 349 in Mar '11.
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PRIM - NASDAQ - DIVERSIFIED SERVICES - Technical Services Primoris Services Corp	$12.59	+0.44 3.58%	$12.72	$12.97	-2.97%	125,016 84.02%	148,800
Most Recent Note for PRIM - 6/24/2011 12:57:43 PM Found support at its 50 DMA line and above prior highs during its recent consolidation. Last noted in the 6/02/11 mid-day report - "Earnings history has been erratic and not a good match with the fact-based investment system's guidelines. The Building - Heavy Construction firm is one of the largest specialty contractors and engineering companies in the Western United States primarily serving the growing power and energy sectors."
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TDC - NYSE - COMPUTER SOFTWARE & SERVICES - Technical &; System Software Teradata Corp	$58.55	+0.51 0.89%	$58.67	$58.67	-0.20%	935,182 58.20%	1,606,900
Most Recent Note for TDC - 6/24/2011 1:01:43 PM Touched another new 52-week and all-time high today. No overhead supply remains to hinder its progress. Prior mid-day reports noted - "Found support near its 50 DMA line in recent weeks while steadily climbing. Sales revenues and earnings history remain below guidelines of the investment system."
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TNH - NYSE - CHEMICALS - Agricultural Chemicals Terra Nitrogen Co Lp	$134.63	+3.46 2.64%	$134.63	$134.80	-0.13%	46,234 99.00%	46,700
Most Recent Note for TNH - 6/24/2011 1:03:35 PM Rallying to a new 52-week high today with above average volume behind its gain. Held its ground above its 50 DMA line during a recent bout of distributional pressure after it abruptly reversed from its 52-week high. Prior mid-day reports have repeatedly noted - "Its up and down annual earnings (questionable A) history is a concern. There is a small supply of only 4.63 million shares in its float, which can contribute to greater price volatility in the event of institutional buying or selling. It survived but failed to impress since last noted in the 4/22/08 mid-day report."
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TSU - NYSE - TELECOMMUNICATIONS - Telecom Services - Foreign T I M Participacoes Ads	$48.41	+1.61 3.44%	$48.69	$50.80	-4.70%	837,280 104.73%	799,500
Most Recent Note for TSU - 6/24/2011 1:05:36 PM Finding support near its 50 DMA line, now consolidating -5.1% off its 52-week high. Reported earnings +342% on +24% sales revenues for the quarter ended March 31, 2011 versus the year ago period. Prior mid-day reports noted - "Earnings history has been erratic and below guidelines. On the rise since technically breaking out on 1/11/11."
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VSI - NYSE - SPECIALTY RETAIL - Specialty Retail, Other Vitamin Shoppe Inc	$45.25	+0.25 0.56%	$45.89	$46.49	-2.67%	307,763 107.23%	287,000
Most Recent Note for VSI - 6/24/2011 1:07:58 PM Perched at its 52-week high today, extended from any sound base. Stubbornly held its ground after rising from a short flat base pattern. Noted in prior mid-day reports - "Reported earnings +47% on +13% sales revenues for the quarter ended March 31, 2011 versus the year ago period. It had consolidated back and forth near its 50 DMA line since completing a 12/02/10 Secondary Offering, and recently wedged into new high territory without great volume conviction behind its gains. Sales revenues increases have been steadily in the +9-13% range for the past year and a half, not showing strong growth or acceleration indicative of great growth in demand for its products or services. A Secondary Offering on 5/19/10 followed its 10/28/09 reorganization."
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