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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, JULY 6TH, 2011
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DOW 12616.98 47.11 (0.37%) | NASDAQ 2834.18 8.41 (0.30%) | S&P 500 1338.12 0.24 (0.02%)
Time of Screening : 7/6/2011 11:57:50 AM         Report Released : 7/6/2011 2:07:45 PM
Price is: Above 52W High and Less Than 52W High but within 10% 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
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
EW - NYSE
Edwards Lifesciences Cp
HEALTH SERVICES - Medical Appliances & Equipment
$89.19 +1.12
1.27%
$89.41 1,040,043
136.31% of 50 DAV
50 DAV is 763,000
$91.82
-2.86%
7/6/2011 $89.19 PP = $90.48
MB = $95.00
Most Recent Note - 7/6/2011
Y - The Medical - Products firm is challenging its 52-week and all-time highs today with its 7th consecutive small gain. Color code is changed to yellow, and a volume driven gain and strong close above its pivot point could trigger a technical buy signal. Recent quarterly comparisons showed accelerating sales revenues and earnings increases, and it has maintained a slow steady annual earnings (A criteria) history.
EW
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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EZPW - NASDAQ
Ezcorp Inc Cl A
SPECIALTY RETAIL - Specialty Retail, Other
$37.19 +0.11
0.30%
$38.66 254,368
66.82% of 50 DAV
50 DAV is 380,700
$38.66
-3.80%
6/13/2011 $31.18 PP = $33.41
MB = $35.08
Most Recent Note - 7/6/2011 12:52:22 PM
G - Spiking higher with today's 9th consecutive volume-driven gain. Getting very extended from prior highs in the $33 area that define support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 7/5/2011. Click here.
View all notes | Alert me of new notes | Company Profile | SEC | News | ChartC A N S L I M
QSII - NASDAQ
Quality Systems Inc
COMPUTER SOFTWARE & SERVICES - Healthcare Information Service
$91.26 +0.84
0.93%
$92.38 167,935
75.24% of 50 DAV
50 DAV is 223,200
$92.38
-1.21%
7/6/2011 $91.26 PP = $91.67
MB = $96.25
Most Recent Note - 7/6/2011
Y - Hit a new all-time high today with its 7th consecutive gain after a lopsided 9-week cup shaped base without a handle. Color code is changed to yellow with a volume driven gain above its pivot point still needed to trigger a new technical buy signal. This long-ago featured Computer Software - Medical firm's earnings and sales increases in the recent quarterly comparisons showed acceleration. It has also maintained a steady and strong annual earnings history (A criteria).
QSII
>>> The latest Featured Stock Update with an annotated graph appeared on 9/15/2008. 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
ACN - NYSE - DIVERSIFIED SERVICES - Business/Management Services
Accenture Plc
$61.80 +0.05
0.08%
$61.88 $62.09 -0.47% 7,962,575
123.89%
6,427,000
Most Recent Note for ACN - 7/6/2011 11:58:43 AM
Holding its ground and inching higher since its 6/28/11 breakaway gap from a sound base pattern for a new 52-week high, on track for its 12th consecutive volume-driven gain. Reported earnings +32% on +21% sales revenues for the quarter ended May 31, 2011 versus the year ago period, and recent quarterly comparisons show encouraging acceleration. Recent mid-day reports 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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AH - NYSE - HEALTH SERVICES -Healthcare Information Service
Accretive Health Inc
$32.47 +2.63
8.82%
$32.69 $32.35 0.37% 996,694
173.67%
573,900
Most Recent Note for AH - 7/6/2011 12:06:57 PM
Hit a new 52-week high today, rising from a 9-week cup shaped base without a handle while adding to its recent spurt of volume-driven gains. Prior mid-day reports noted - "Completed an additional Public Offering of 6.5 million shares on 3/24/11. Sales revenues and earnings increases in the Dec '10 and Mar '11 quarters showed improvement, but its prior earnings history has been below the fact-based investment system's guidelines."

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ATHN - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services
Athenahealth Inc
$46.20 +2.01
4.55%
$46.20 $50.56 -8.62% 218,765
58.28%
375,400
Most Recent Note for ATHN - 7/6/2011 12:16:34 PM
Rising above its 50 and 200 DMA lines toward previously stubborn resistance in the $48-50 area today with its 3rd consecutive considerable gain with volume running at an above average pace. It had stalled and slumped below its 200 DMA line during its consolidation since the 2/08/11 mid-day report after reaching new all-time highs when it was last noted - "Showed strong quarterly sales and earnings increases in the Sept 2010 quarter, but prior earnings history has been below guidelines."
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BGS - NYSE - FOOD & BEVERAGE - Processed & Packaged Goods
B & G Foods Inc
$20.41 -0.76
-3.57%
$20.83 $21.31 -4.25% 274,018
64.38%
425,600
Most Recent Note for BGS - 7/6/2011 12:18:39 PM
Holding its ground near its 52-week high since rising above previously stubborn resistance in the mid-$19 area. Last noted in the 6/27/11 mid-day report - Recently broke 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. 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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CEVA - NASDAQ - ELECTRONICS - Semiconductor - Specialized
Ceva Inc
$32.12 +0.44
1.39%
$32.47 $35.60 -9.78% 162,158
66.05%
245,500
Most Recent Note for CEVA - 7/6/2011 12:26:19 PM
Its choppy consolidation is in its 6th week and it has quietly inched back above its 50 DMA line to within -10% of its 52-week high. It has not formed a sound base pattern, yet it has found impressive support and rebounded following damaging technical weakness that led it to be dropped from the Featured Stocks list on 6/17/11.
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CMN - NYSE - HEALTH SERVICES - Medical Instruments & Supplies
Cantel Medical Corp
$27.55 +0.21
0.76%
$27.72 $28.00 -1.62% 36,826
64.61%
57,000
Most Recent Note for CMN - 7/6/2011 12:32:38 PM
Approaching its 52-week high today while on track for its 5th consecutive weekly gain. Its annual earnings (the A criteria) history has been strong in recent years, however the past 5 quarterly comparisons through April '11 showed earnings increases below the +25% guideline. This Medical - Systems/Equipment firm survived but failed to impress since dropped from the Featured Stocks list on 4/15/05.
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CSH - NYSE - SPECIALTY RETAIL - Specialty Retail, Other
Cash America Intl Inc
$56.86 -2.83
-4.74%
$59.28 $59.74 -4.82% 726,403
263.95%
275,200
Most Recent Note for CSH - 7/6/2011 12:38:02 PM
Pulling back abruptly today after a streak of 7 consecutive gains for new all-time highs. Earning increases have been strong on an annual basis (A criteria), however quarterly comparisons have shown sales revenues and earnings increases below the fact-based investment system's guidelines.
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CSU - NYSE - HEALTH SERVICES - Long-Term Care Facilities
Capital Senior Living
$9.84 +0.04
0.40%
$9.87 $10.91 -9.81% 100,395
91.52%
109,700
Most Recent Note for CSU - 7/6/2011 12:41:46 PM
The Dec `10 and Mar '11 quarters showed better sales growth and strong earnings increases. Prior comparisons and its annual earnings (A criteria) history are below guidelines of the fact-based investment system.
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CTRX - NASDAQ - COMPUTER SOFTWARE & SERVICES - Healthcare Information Service
Catamaran Corp
$63.50 -0.12
-0.19%
$64.51 $64.73 -1.90% 226,592
64.69%
350,300
Most Recent Note for CTRX - 7/6/2011 1:47:21 PM
Holding its ground today after spiking to new 52-week and all-time highs with a streak of 6 consecutive gains. It has slumped below its 50 DMA line during its consolidation since last noted in the 5/19/11 mid-day report - "Extended from a sound base, yet it faces no resistance due to overhead supply. Ownership by top-rated funds has been increasing, rising from 453 in Jun '10 to 579 in Mar '11, a reassuring sign concerning the I criteria. Reported earnings +27% on +143% sales revenues for the quarter ended March 31, 2011 versus the year ago period. The 3 prior quarterly comparisons showed earnings increases below the +25% guideline."
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KMX - NYSE - SPECIALTY RETAIL - Auto Dealerships
Carmax Inc
$33.67 -0.01
-0.03%
$34.00 $37.02 -9.05% 1,884,926
65.68%
2,869,900
Most Recent Note for KMX - 7/6/2011 12:59:30 PM
Rebounded from below its 50 and 200 DMA lines recently and it is now perched -8.4% off its 52-week high. Quarterly earnings (C criteria) showed gradual acceleration but growth below guidelines of the investment system, and its annual earnings (A criteria) history was marred by a downturn in FY '09. Street earnings estimates for FY '11 and '12 are calling for growth in the 14-9% range.
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LQDT - NASDAQ - INTERNET - Internet Software &; Services
Liquidity Services Inc
$24.53 +0.90
3.81%
$24.74 $24.74 -0.85% 157,764
82.51%
191,200
Most Recent Note for LQDT - 7/6/2011 1:03:08 PM
Hit a new 52-week high and topped its 2007 all-time high today, getting more extended from any sound base pattern. It recently found support above prior chart highs and its 50 DMA line. Prior mid-day reports noted -"Its sub par fundamentals are below the investment system guidelines. On 2/28/08 it was dropped from the CANSLIM.net Featured Stocks list and fundamentals subsequently turned south."
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MMSI - NASDAQ - HEALTH SERVICES - Medical Instruments & Supplies
Merit Medical Systems
$19.14 +0.48
2.57%
$19.16 $19.94 -4.01% 279,789
93.61%
298,900
Most Recent Note for MMSI - 7/6/2011 1:07:30 PM
Rising toward prior resistance in the $19-20 area and trading within -4.3% of its 52-week high today. Its shares split 5:4 effective 5/06/11 and it completed a Public Offering on 6/17/11. Last noted in the 4/20/11 mid-day report - "Latest quarter ended March 31, 2011 showed strong sales revenues and earnings increases, but its prior history is not a good match for the investment system's winning models."

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MNRO - NASDAQ - RETAIL - Auto Parts and Sercices
Monro Muffler Brake
$37.46 -0.03
-0.08%
$37.70 $37.80 -0.90% 190,703
58.18%
327,800
Most Recent Note for MNRO - 7/6/2011 1:11:27 PM
Perched at its all-time high today after a recent streak of 9 consecutive gains without great volume conviction. It went through a long consolidation and traded below its 200 DMA line in the interim since last noted in the 10/15/10 mid-day report - "Not near a sound base, yet no resistance remains due to overhead supply. It and similar players in the auto-repair arena have shown recent strength while consumers are fixing their old cars and holding off on new car purchases. Earnings and sales revenues increases have been much stronger in recent quarterly comparisons. While the C criteria may be sufficiently satisfied, its annual earnings (A criteria) growth rate has been not especially strong. Additionally, in 6 of its 8 most recent quarterly earnings comparisons there are blue triangles beside the earnings figure on the chart service used by our experts - which indicates pre-tax, non-recurring items were included (where possible, such items are normally removed to provide data better suited for comparison)."
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MON - NYSE - CHEMICALS - Specialty Chemicals
Monsanto Co
$74.98 +1.49
2.03%
$74.98 $76.69 -2.23% 3,083,064
70.10%
4,397,900
Most Recent Note for MON - 7/6/2011 1:16:37 PM
Approaching its 52-week high with today's 6th consecutive volume-driven gain while rising from support at its long-term 200 DMA line. Earnings history has been erratic and below the fact-based system's guidelines. Ownership by top-rated funds fell from 2,411 in Jun '10 to 2,203 as of Mar '11. This large (534.7 million shares outstanding) agricultural firm survived but failed to impress since long ago noted in the 6/03/08 mid-day report.
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ODFL - NASDAQ - TRANSPORTATION - Trucking
Old Dominion Fght Lines
$39.81 +1.85
4.87%
$39.87 $39.99 -0.45% 340,294
86.19%
394,800
Most Recent Note for ODFL - 7/6/2011 1:20:22 PM
Today it hit a new 52-week high with its 4th consecutive gain, rising from an orderly base pattern. Its fundamentals are not a good match with the fact-based investment system's models of past great winners. Last noted in the 4/26/11 mid-day report - "Recent quarterly comparisons show improving sales and earnings after a streak of 5 negative comparisons and a downward turn in FY '08 and '09 earnings (A criteria)."
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ORLY - NASDAQ - RETAIL - Auto Parts Stores
O Reilly Automotive Inc
$66.04 -0.17
-0.26%
$66.35 $66.52 -0.72% 1,160,859
94.14%
1,233,100
Most Recent Note for ORLY - 7/6/2011 1:25:01 PM
Perched at its 52-week high today after a recent spurt of volume-driven gains helped it rally above prior highs in the $61-63 area. Quarterly earnings increases decelerated to below the +25% range in the Mar '11 quarter while sales revenues have been in the +5-13% range in the past 7 quarterly comparisons versus the year ago periods. Several auto-parts firms are showing concurrent leadership, which is a common theme whenever economic conditions pressure more consumers into repairing their clunkers rather than buying new cars they cannot afford. Its annual earnings history has been sluggish (A criteria).
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PEGA - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Pegasystems Inc
$45.98 -0.87
-1.86%
$46.59 $47.14 -2.46% 127,363
59.71%
213,300
Most Recent Note for PEGA - 7/6/2011 1:26:52 PM
Pulling back today after a streak of 13 consecutive gains for new 52-week and all-time highs. Its quarterly and annual earnings history has not been strong and steady enough to meet the investment system's guidelines. Based on fundamental and technical weakness it was dropped from the Featured Stocks list on 4/23/10.
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PTEN - NASDAQ - ENERGY - Oil & Gas Drilling & Explorati
Patterson-Uti Energy Inc
$31.60 -0.68
-2.11%
$32.34 $32.50 -2.77% 1,835,984
58.90%
3,117,300
Most Recent Note for PTEN - 7/6/2011 1:28:45 PM
Perched at its 52-week high today after again rebounding from a consolidation below its 50 DMA line. Last noted in the 5/27/11 mid-day report - "Recent quarters showed much 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 noted on 2/15/06."
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SBNY - NASDAQ - BANKING - Regional - Northeast Banks
Signature Bank
$57.22 -1.31
-2.24%
$57.50 $58.66 -2.45% 1,562,245
757.64%
206,200
Most Recent Note for SBNY - 7/6/2011 1:44:25 PM
Challenged its 52-week high and all-time high on the prior session but gapped down today on news of a Public Offering. Recent quarterly comparisons show great earnings increases and good sales revenues growth, but the downturn in FY '09 annual earnings (A criteria) was noted as cause for concern, fundamentally.
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TNAV - NASDAQ - TELECOMMUNICATIONS - Wireless Communications
Telenav Inc
$19.66 +1.16
6.27%
$19.70 $19.90 -1.21% 396,862
124.53%
318,700
Most Recent Note for TNAV - 7/6/2011 1:49:44 PM
Hitting a new 52-week high today with a second consecutive volume-driven gain. Found support well above its 50 DMA line during its consolidation from a prior high which it hit when noted in the 6/06/11 mid-day report - "No resistance remains due to overhead supply after its 5/13/10 IPO and choppy history. Reported earnings +42% on +27% sales revenues for the quarter ended March 31, 2011 versus the year ago period, satisfying the C criteria with 3 consecutive quarters of earnings increases above the +25% guideline. The lack of leadership (L criteria) in the Telecom Services - Wireless and its lack of a strong annual earnings (A criteria) history are concerns."
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YUM - NYSE - LEISURE - Restaurants
Yum! Brands Inc
$56.60 -0.15
-0.26%
$56.97 $57.04 -0.77% 2,874,636
85.07%
3,379,100
Most Recent Note for YUM - 7/6/2011 1:52:38 PM
Hovering near its 52-week and all-time highs quietly hit earlier this week. Recently found support near its 50 DMA line while consolidating. Sales and earnings are well below guidelines of the fact-based investment system.
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