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 MIDDAY BREAKOUTS REPORT - FRIDAY, JULY 9TH, 2010
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DOW 10152.31 13.32 (0.13%) | NASDAQ 2183.23 7.83 (0.36%) | S&P 500 1071.9 1.65 (0.15%)
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Time of Screening :
7/9/2010 12:42:34 PM Report Released :
7/9/2010 1:22:46 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 |
ROVI
- NASDAQ
Rovi Corp
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$42.09
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+0.10
0.24%
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$42.50
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825,361
58.34% of 50 DAV
50 DAV is 1,414,700
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$42.66
-1.34%
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6/3/2010 |
$38.70
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PP = $40.16
MB = $42.17 |
Most Recent Note - 7/9/2010 1:13:15 PM
Y - Holding its ground near its 52-week high after 3 consecutive gains backed by above average volume. A solid gain above its pivot point backed by +67% above average volume triggered a new technical buy signal on 7/07/10, and no overhead supply remains to act as resistance.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/28/2010. Click here.
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Alert me of new notes |
Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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VIT
-
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$25.46
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-0.67
-2.55%
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$26.50
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457,674
69.10% of 50 DAV
50 DAV is 662,300
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$26.50
-3.94%
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7/8/2010 |
$25.20
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PP = $26.58
MB = $27.91 |
Most Recent Note - 7/9/2010 1:20:22 PM
Y - Pulling back today after, technically, it did not trigger a buy signal with respect to the pivot point cited. It gapped up on 7/08/10, briefly matched its all-time high, and it appeared in the mid-day report (read here). Pivot point is based upon its 4/26/10 all-time high plus ten cents, and a powerful breakout above that level may signal the beginning of another significant advance. Volume should be +50% above average or greater to confirm any technical buy signal. This China-based Computer - Tech Services firm found impressive support near its 200 DMA line and it has rebounded toward its prior highs with gains in recent weeks that lacked great volume conviction. Another concern is that its weekly chart is marked by several down weeks with above average volume, but not a single up week marked by above average volume since April. Based on weak action it was dropped from the Featured Stocks list on 5/19/10.
>>> The latest Featured Stock Update with an annotated graph appeared on 7/8/2010. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
BAP
- NYSE - BANKING - Foreign Regional Banks
Credicorp Ltd
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$94.84 |
-0.06
-0.06%
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$95.80
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$99.36
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-4.55% |
166,007
62.69%
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264,800
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Most Recent Note for BAP - 7/9/2010 12:55:47 PM
Consolidating above prior chart highs and its 50 DMA line -5% below its all-time high. This Peru-based Bank has a good annual earnings (the A criteria) history, however recent quarterly sales revenues comparisons have been essentially flat and earnings growth has decelerated to below the fact-based investment system's guidelines. Based on weak technical action it was removed from the Featured Stocks list on 7/08/08. Noted in several June 2010 mid-day reports that it rebounded impressively from deep lows in the $30 area.
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View all notes |
Alert me of new notes |
Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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CIB
- NYSE - BANKING - Foreign Regional Banks
Bancolombia Sa Ads
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$54.16 |
+0.07
0.13%
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$54.90
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$54.90
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-1.35% |
545,179
159.78%
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341,200
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Most Recent Note for CIB - 7/9/2010 12:57:07 PM
Today marks its 7th consecutive gain, rising to new all-time highs with above average and ever-increasing volume following a brief consolidation above prior resistance in the $49 area. Noted in prior mid-day reports - "This Colombia-based bank operating company's quarterly and annual earnings history has been erratic, with sales revenues not growing."
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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OPEN
- NASDAQ - INTERNET - Internet Software & Services
Opentable Inc
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$44.75 |
+1.15
2.64%
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$45.17
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$45.68
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-2.04% |
186,681
73.09%
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255,400
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Most Recent Note for OPEN - 7/9/2010 1:06:35 PM
Rallying up from its 50 DMA line with its 3rd consecutive gain lifting it within -2% of its all-time high today. It has not formed a sound base recently. It got off to a very volatile start after its 5/11/09 IPO at $20, and it slumped for more than 4 months after it completed a Secondary Offering on 9/23/09. The C criteria is satisfied as earnings and sales revenues increases have been strong the 3 latest quarterly comparisons versus the year ago period.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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PSMT
- NASDAQ - RETAIL - Drug Stores
Pricesmart Inc
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$24.95 |
+0.41
1.67%
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$25.40
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$25.50
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-2.16% |
61,793
74.99%
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82,400
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Most Recent Note for PSMT - 7/9/2010 1:11:47 PM
Rallying near its 52-week high with a 3rd consecutive gain. It has built a base-on-base type pattern. Sales revenues and earnings growth history are below the guidelines.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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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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