Mid-Day Breakouts Report - Thursday, July 14th, 2011

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MIDDAY BREAKOUTS REPORT - THURSDAY, JULY 14TH, 2011
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DOW 12420.88 -70.73 (-0.57%) | NASDAQ 2769.47 -27.45 (-0.98%) | S&P 500 1307.28 -10.44 (-0.79%)

Time of Screening : 7/14/2011 12:11:32 PM Report Released : 7/14/2011 1:44:26 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
EZPW - NASDAQ Ezcorp Inc Cl A	$36.87	-0.96 -2.54%	$38.50	235,036 59.62% of 50 DAV 50 DAV is 394,200	$38.66 -4.63%	6/13/2011	$31.18	PP = $33.41 MB = $35.08
Most Recent Note - 7/14/2011 12:52:56 PM G - Reversed into the red after a small gap up today. It is 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.
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FOSL - NASDAQ Fossil Group Inc	$129.58	+1.00 0.78%	$130.46	519,070 66.73% of 50 DAV 50 DAV is 777,900	$130.46 -0.67%	2/1/2011	$73.30	PP = $74.44 MB = $78.16
Most Recent Note - 7/14/2011 12:54:56 PM G - Perched at its all-time high after 4 consecutive volume-driven gains. It is extended from prior highs in the $107 area that now define initial support to watch near its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 6/28/2011. Click here.
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OTEX - NASDAQ Open Text Corp	$69.25	+0.03 0.04%	$72.32	620,199 222.29% of 50 DAV 50 DAV is 279,000	$72.32 -4.25%	6/1/2011	$65.86	PP = $67.18 MB = $70.54
Most Recent Note - 7/14/2011 1:27:09 PM Y - It has reversed into the red today from earlier highs above its "max buy" level after a gap up. The 7/13/11 gain with volume +187% above average confirmed a technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 6/24/2011. 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	$61.16	+0.49 0.81%	$61.50	$63.66	-3.93%	4,466,525 59.91%	7,455,700
Most Recent Note for ACN - 7/14/2011 12:13:02 PM Consolidating -4.1% off its 52-week high after a streak of 13 consecutive volume-driven gains. 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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AIR - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services A A R Corp	$30.40	+0.11 0.36%	$30.62	$31.00	-1.94%	242,554 89.67%	270,500
Most Recent Note for AIR - 7/14/2011 12:17:23 PM Holding its ground since noted in the 7/11/11 mid-day report - "Perched at its 52-week high following a streak of consecutive gains with above average volume. Recent quarterly comparisons show strong sales revenues and earnings increases versus the year ago period(s), however a downturn in FY '09 and FY '10 earnings make it fall short of the investment system's A criteria. It survived but failed to impress since weak technical action prompted it to be dropped from the Featured Stocks list 01/08/08."
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CATM - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Cardtronics Inc	$24.31	+0.14 0.58%	$24.42	$24.55	-0.98%	205,388 64.08%	320,500
Most Recent Note for CATM - 7/14/2011 12:19:37 PM No overhead supply remains to hinder its progress and since noted in the 6/28/11 mid-day report it has stubbornly held its ground and steadily inched to new 52-week and all-time highs. Produced strong earnings increases above the +25% guideline in quarterly comparisons and strong annual earnings (C and A criteria) growth. Prior mid-day reports noted that its 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. Secondary Offerings were completed on 3/31/10 and on 8/18/10.
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CHKP - NASDAQ - COMPUTER SOFTWARE & SERVICES - Security Software & Services Check Point Sftware Tech	$57.06	-0.40 -0.70%	$57.80	$58.57	-2.58%	1,289,842 84.86%	1,520,000
Most Recent Note for CHKP - 7/14/2011 12:23:07 PM Pulling back -3.1% off its 52-week high today after a recent streak of small gains into new high territory. Prior mid-day reports noted - "This Israel-based Computer Software - Security firm has earned high ranks and has a history of steady sales revenues and earnings increases (not showing acceleration) below the fact-based investment system's minimum guidelines."
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CI - NYSE - Medical-Managed Care Cigna Corp	$52.15	+1.03 2.01%	$52.50	$52.50	-0.67%	1,800,020 67.08%	2,683,400
Most Recent Note for CI - 7/14/2011 12:24:53 PM Hovering near its 52-week high. The 6/29/11 mid-day report and prior reports recently noted - "Strength in the Medical- Managed Care group, a leading (L criteria) industry group, has helped it rally. Sales revenues and earnings history are below the investment system's guidelines."
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CPSI - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Computer Programs & Sys	$65.51	+0.38 0.58%	$65.83	$67.49	-2.93%	54,486 72.07%	75,600
Most Recent Note for CPSI - 7/14/2011 12:29:27 PM Perched near its 52-week high today after quietly wedging up from a double bottom base patter that included a test of support at its long-term 200 DMA line. No overhead supply remains to act as resistance. Sales revenues and earnings increases solidly improved in the quarter ended March 31, 2011 and in the December 2010 quarter, but prior quarterly and annual earnings (A criteria) growth history was sub par.
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ESI - NYSE - Chemicals-Specialty Element Solutions Inc	$91.77	+0.40 0.44%	$93.78	$95.62	-4.03%	593,779 67.84%	875,300
Most Recent Note for ESI - 7/14/2011 12:51:21 PM Challenging its 52-week high today. Fundamentals are below the investment system guidelines, and for-profit educators have pressure from the current administration creating uncertainty . It survived but failed to impress since last noted when dropped from the Featured Stocks list on 4/16/09. Long ago it was mentioned by CANSLIM.net's founder in a 12/15/08 interview on WBBM 780AM - listen by clicking here. It traded up as much as +48.48% shortly after featured in the December 2008 CANSLIM.net News (read here).
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FRD - AMEX - METALS & MINING - Steel & Iron Friedman Inds Inc	$11.58	+0.22 1.94%	$11.77	$11.77	-1.61%	29,184 135.74%	21,500
Most Recent Note for FRD - 7/14/2011 12:56:49 PM Touched a new 52-week high today, trading a penny above the 6/28/11 session high after a "breakaway gap" following strong results for the quarter ended March 31, 2011. The 7/12/11 mid-day report noted - "Recent quarters show big sales and earnings increases but its prior earnings history has been erratic (downturn in FY '10) and below the fact-based system's guidelines."
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GSM - NASDAQ - METALS & MINING - Steel & Iron Globe Specialty Metals	$24.65	-0.25 -1.00%	$25.60	$25.67	-3.97%	696,500 85.68%	812,900
Most Recent Note for GSM - 7/14/2011 1:02:04 PM Churning above average volume today while pulling back after a 7/13/11 gap up and volume-driven gain while hitting new 52-week and all-time highs. Technically, it formed an orderly cup-with handle type base pattern and it has been trading just above prior stubborn resistance in the $24 area. The number of top-rated funds (the I criteria) owning its shares fell from 241 in Dec '10 to 226 in Mar '11, but the numbers had previously been on the rise. Prior mid-day reports noted - "Found support near prior lows in the $20 area and stayed well above its 200 DMA line during its orderly consolidation since reaching its all-time high in April. Recent quarterly comparisons showed greatly improved sales revenues and earnings but its annual earnings history (A criteria) has not been showing steady strong growth."
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INTX - NASDAQ - FINANCIAL SERVICES - Credit Services Intersections Inc	$22.01	-0.27 -1.21%	$23.00	$23.00	-4.30%	88,149 65.59%	134,400
Most Recent Note for INTX - 7/14/2011 1:03:34 PM Reversed into the red after touching another new 52-week high today. It is extended from any sound base after a recent spurt of volume-driven gains. 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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IRM - NYSE - DIVERSIFIED SERVICES - Business/Management Services Iron Mountain Inc	$35.31	-0.03 -0.08%	$35.73	$35.79	-1.34%	1,239,619 71.47%	1,734,400
Most Recent Note for IRM - 7/14/2011 1:05:26 PM Churning slightly above average volume in the past week while challenging its 52-week high. Found support near its 50 DMA line during a long consolidation in a tight trading range. Prior mid-day reports noted - "Sales revenues and earnings growth history is below guidelines of the fact-based investment system."
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JAZZ - NASDAQ - DRUGS - Biotechnology Jazz Pharmaceuticals Plc	$36.43	+1.45 4.15%	$37.41	$37.41	-2.62%	678,559 89.08%	761,700
Most Recent Note for JAZZ - 7/14/2011 1:09:32 PM Hit new 52-week and all-time highs today and no overhead supply remains to act as resistance. Technically it is rising from a cup-with-handle pattern which included a slump under its 50 DMA line during its consolidation since noted in the 4/14/11 mid-day report. FY '10 was its first ever profitable year, while the A criteria calls for a strong 3-5 year earnings growth history. Recent quarterly comparisons showed greatly improved sales revenues and earnings increases. The Medical - Ethical Drugs firm rose more than 60-fold from its low of $0.52 in April 2009. Ownership by top-rated funds rose from 117 in Jun '10 to 209 in Mar '11, a reassuring sign concerning the I criteria.
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JBHT - NASDAQ - TRANSPORTATION - Trucking Hunt J B Trans Svcs Inc	$47.67	-0.30 -0.63%	$48.21	$49.12	-2.95%	498,189 65.58%	759,700
Most Recent Note for JBHT - 7/14/2011 1:14:13 PM Recent quarterly comparisons showed strong earnings increases and sales revenues increases in the +16-22 range. Its annual earnings (A criteria) history has been below the guidelines of the fact-based investment system. It has formed a saucer-with-handle base pattern.
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LAD - NYSE - SPECIALTY RETAIL - Auto Dealerships Lithia Motors Inc Cl A	$20.19	-0.70 -3.35%	$21.11	$21.22	-4.85%	297,316 152.86%	194,500
Most Recent Note for LAD - 7/14/2011 1:17:59 PM Reversing from a new 52-week high on the prior session with today's loss on heavier above average volume. Last noted in the 6/24/11 mid-day report when rising from 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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LQDT - NASDAQ - INTERNET - Internet Software &; Services Liquidity Services Inc	$25.59	-0.21 -0.81%	$25.82	$26.45	-3.25%	216,577 108.83%	199,000
Most Recent Note for LQDT - 7/14/2011 1:21:07 PM Stubbornly held its ground after recent volume-driven gains, and hit another new 52-week high and all-time high on the prior session. It is extended from any sound base pattern, and 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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NFLX - NASDAQ - SPECIALTY RETAIL - Music & Video Stores Netflix Inc	$291.30	-7.43 -2.49%	$300.00	$304.79	-4.43%	2,837,331 64.04%	4,430,400
Most Recent Note for NFLX - 7/14/2011 1:23:35 PM This well-known online movie services firm has erased the prior session's gain, pulling back from its all-time high today. It is extended from any sound base yet could rally for more climactic gains. It rallied 8-fold since first featured in yellow at $37.13 in the 1/29/09 mid-day report (read here). It has maintained high ranks and its earnings history satisfies the C and A criteria, however recent mid-day reports have noted - "Choppy action has made it challenging to make a proper entry since NFLX was previously dropped from the Featured Stocks page on 3/03/11, yet it has made impressive progress."
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PEGA - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Pegasystems Inc	$46.88	+0.58 1.25%	$47.55	$47.55	-1.41%	211,992 91.10%	232,700
Most Recent Note for PEGA - 7/14/2011 1:31:13 PM It touched a new 52-week and all-time high today but reversed into the red. Enduring mild distributional pressure this week after a streak of 13 consecutive gains. Recent mid-day reports have noted on it for the first time after a 14-month hiatus - "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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REV - NYSE - CONSUMER NON-DURABLES - Personal Products Revlon Inc	$19.25	+0.46 2.45%	$19.26	$19.30	-0.26%	139,086 148.44%	93,700
Most Recent Note for REV - 7/14/2011 1:34:02 PM Perched at its 52-week high today after a recent spurt of volume-driven gains. Prior mid-day reports have noted - "Sales and earnings history has not been strong and steady enough to meet the investment system guidelines."
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WCN - NYSE - MATERIALS & CONSTRUCTION - Waste Management Waste Connections Inc	$32.70	-0.14 -0.43%	$33.08	$33.08	-1.15%	352,634 68.12%	517,700
Most Recent Note for WCN - 7/14/2011 1:43:59 PM Recently trading slightly above average volume after it quietly wedged to new 52-week and all-time highs last week. This Pollution Control firm steadily made progress since last noted with considerable volume-driven gains almost a year ago in the 7/22/10 mid-day report - "Recent quarterly comparisons showed earnings increases accelerating above the +25% minimum guideline, but its sales revenues growth has been lagging and its annual earnings (A criteria) track record shows that fundamentals are not strong with respect to the fact-based system's guidelines."
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