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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, JULY 20TH, 2011
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DOW 12588.03 0.61 (0.00%) | NASDAQ 2819.88 -6.64 (-0.23%) | S&P 500 1328.13 1.4 (0.11%)
Time of Screening : 7/20/2011 12:10:23 PM         Report Released : 7/20/2011 1:56:59 PM
Price is: Above 52W High and Less Than 52W High but within 7% 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
Max Buy
CMG - NYSE
Chipotle Mexican Grill
$326.51 -7.20
-2.16%
$332.00 1,201,069
152.69% of 50 DAV
50 DAV is 786,600
$333.71
-2.16%
4/1/2011 $274.00 PP = $275.10
MB = $288.86
Most Recent Note - 7/20/2011 12:54:50 PM
G - Churning above average volume while hovering at all-time highs today, it reported earnings per share +12% on +22% sales revenues for the quarter ended June 30, 2011 versus the year ago period. Fundamentals have raised concern with its 2nd consecutive quarterly comparison with earnings below the +25% guideline. It is also extended from any sound base pattern.
>>> The latest Featured Stock Update with an annotated graph appeared on 7/8/2011. Click here.
View all notes | Alert me of new notes | Company Profile | SEC | News | ChartC A N S L I M
MWIV - NASDAQ
M W I Veterinary Supply
$81.84 -0.93
-1.12%
$83.08 48,417
76.85% of 50 DAV
50 DAV is 63,000
$86.99
-5.92%
7/11/2011 $83.39 PP = $84.67
MB = $88.90
Most Recent Note - 7/20/2011 1:29:53 PM
Y - Quietly hovering near its 50 DMA line and within -6.2% of all-time highs. Color code was changed to yellow with new pivot point cited based on its 5/20/11 high plus 10 cents. Volume-driven gains are needed to confirm a proper technical buy signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/30/2011. Click here.
View all notes | Alert me of new notes | Company Profile | SEC | News | ChartC A N S L I M
ZAGG - NASDAQ
Zagg Inc
$15.87 +0.55
3.58%
$16.24 1,793,120
73.72% of 50 DAV
50 DAV is 2,432,500
$16.24
-2.29%
6/1/2011 $10.92 PP = $10.59
MB = $11.12
Most Recent Note - 7/20/2011 1:56:26 PM
G - Small gap up today, inching to a new all-time high. No overhead supply remains to act as resistance, however its short V shaped consolidation in recent weeks is not recognized as a sound base pattern. Its 50 DMA line and recent lows define chart support.
>>> The latest Featured Stock Update with an annotated graph appeared on 7/19/2011. 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
AAPL - NASDAQ - COMPUTER HARDWARE - Personal Computers
Apple Inc
$387.52 +10.70
2.84%
$396.27 $396.27 -2.21% 23,582,921
163.98%
14,381,600
Most Recent Note for AAPL - 7/20/2011 12:13:35 PM
Gapped up today for yet another new all-time high after reporting very strong earnings +122% on +82% sales revenues for the quarter ended June 30, 2011 versus the year ago period. With the second largest market cap of all publicly traded firms, AAPL does not fit the mold of a small growth firm unknown by the institutional crowd. It has a stellar earnings track record that solidly satisfies the C and A criteria. After its last appearance on 8/09/10 in the Featured Stock Update section (with detailed notes and an annotated graph) it was noted in multiple mid-day reports through 2010 as it rallied to new all-time highs, and it was also noted a handful of times earlier this year.
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
ADS - NYSE - COMPUTER SOFTWARE & SERVICES - Information & Delivery Service
Alliance Data Sys Corp
$99.21 +1.29
1.32%
$99.95 $99.95 -0.74% 542,061
69.93%
775,100
Most Recent Note for ADS - 7/20/2011 12:15:33 PM
Up again today, touching a new 52-week and all-time high following a considerable volume-driven gain on the prior session. The 7/19/11 mid-day report noted - "It has a good annual earnings (A criteria) history. Only one of its past 3 quarterly comparisons through Mar '11 showed an earnings per share increase greater than the +25% minimum increase expected under the investment system's guidelines."

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AIR - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services
A A R Corp
$30.95 +0.27
0.86%
$31.28 $31.28 -1.05% 167,391
59.83%
279,800
Most Recent Note for AIR - 7/20/2011 12:16:34 PM
Inching higher for a new 52-week high today. 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."
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
AIRM - NASDAQ - TRANSPORTATION - Air Services, Other
Air Methods Corp
$73.23 -1.72
-2.29%
$73.57 $77.22 -5.17% 74,275
68.20%
108,900
Most Recent Note for AIRM - 7/20/2011 12:20:01 PM
Up from early session lows near the 50 DMA line following a gap down today. Recently consolidating above prior chart highs with volume totals cooling since last noted in the 6/07/11 mid-day report - "Sales and earnings growth history has been erratic and below guidelines."
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ALLT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software
Allot Communications Ltd
$18.23 -0.82
-4.30%
$19.15 $19.15 -4.80% 223,542
116.25%
192,300
Most Recent Note for ALLT - 7/20/2011 12:24:20 PM
Pulling back today after a rally for a new 52-week high on the prior session with heavy volume. Held its ground above prior highs in the $16 area during its consolidation since its considerable 6/28/11 breakout gain with heavy volume. No overhead supply remains to act as resistance. It has rallied 14-fold in price from its March '09 low. Recent quarters showed sales revenues and earnings improving, however it was noted in prior mid-day reports - "This low-priced Israeli Computer - Networking firm does not have a good annual earnings history (A criteria)."
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ATHN - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services
Athenahealth Inc
$47.67 -0.69
-1.43%
$49.35 $50.56 -5.72% 241,563
73.62%
328,100
Most Recent Note for ATHN - 7/20/2011 12:28:45 PM
Pulling back into the red after early gains today challenged previously stubborn resistance in the $50 area. It rallied above its 50 and 200 DMA lines with a streak of volume-driven gains when last noted in the 7/06/11 mid-day report - "Showed strong quarterly sales and earnings increases in the Sept 2010 quarter, but prior earnings history has been below guidelines."
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BCPC - NASDAQ - CHEMICALS - Agricultural Chemicals
Balchem Corp
$45.52 -1.13
-2.42%
$47.23 $47.23 -3.62% 74,170
71.94%
103,100
Most Recent Note for BCPC - 7/20/2011 12:34:01 PM
Hit another new high today then reversed into the red after 3 consecutive volume-driven gains, extended from any sound base pattern. Noted in prior mid-day reports - "This high-ranked Chemicals - Specialty firm found support near its 50 DMA line and then wedged to new 52-week and all-time highs. Recent quarterly comparisons show gradual sales revenues acceleration and it has maintained a strong annual earnings history, with earnings growth satisfying the C and A criteria. Reported earnings +25% on +22% sales revenues for the quarter ended March 31, 2011 versus the year ago period."
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BPI - NYSE - DIVERSIFIED SERVICES - Education &; Training Services
Bridgepoint Education
$29.45 +1.14
4.01%
$29.84 $29.84 -1.32% 681,456
107.88%
631,700
Most Recent Note for BPI - 7/20/2011 12:46:57 PM
This high-ranked Consumer Services - Education firm is hitting a new 52-week high and all-time today, getting extended while adding to its recent spurt of volume-driven gains. In recent weeks it cleared its April 2010 highs, rising from a larger and longer cup-with-handle type base. Disciplined investors may add it to their watch list and wait for a secondary buy point to possibly develop and be noted. BPI was noted in the 5/26/11 mid-day report and other previous reports when pulling back following a gap and technical breakout from an earlier 'cup-with-high-handle' type base. Technically it broke out from a 'double bottom' type base pattern with its gap up on 5/03/11. Since it was dropped from the Featured Stocks list on 5/25/10 it maintained strong sales revenues and earnings increases (good C & A criteria) while the shares slumped from around $21 to $12 and then rebounded.
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
CHKP - NASDAQ - COMPUTER SOFTWARE & SERVICES - Security Software & Services
Check Point Sftware Tech
$59.39 -0.74
-1.23%
$60.40 $61.46 -3.37% 1,459,457
84.46%
1,728,000
Most Recent Note for CHKP - 7/20/2011 12:47:53 PM
Pulling back following its considerable gap up and volume-driven gain on 7/18/11 for a new 52-week high. Reported earnings +17% on +15% sales revenues for the quarter ended June 30, 2011 versus the year ago period. 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."
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
CLB - NYSE - ENERGY - Oil & Gas Equipment & Services
Core Laboratories Nv
$113.00 -2.88
-2.49%
$114.98 $118.50 -4.64% 314,984
66.56%
473,200
Most Recent Note for CLB - 7/20/2011 12:49:36 PM
Making its second consecutive mid-day report appearance perched near its 52-week high. Consolidating in recent weeks well above its 50 DMA line and prior chart highs. Historic sales revenues and earnings growth has been below the investment system's guidelines concerning the C and A criteria.
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DV - NYSE - Computer Sftwr-Spec Enterprs
DoubleVerify
$66.27 +0.36
0.55%
$66.65 $66.65 -0.57% 798,037
113.37%
703,900
Most Recent Note for DV - 7/20/2011 1:01:16 PM
Strength in education-related stocks is a nice reassurance concerning the L criteria. Gains with above average volume this week helped it rally further above prior resistance. Decelerating quarterly sales revenues and earnings growth is a cause for concern, especially with the Mar '11 period's increases shy of the +25% guideline and continuing a sequential series of weaker quarterly comparisons.
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EBAY - NASDAQ - INTERNET - Internet Software & Services
Ebay Inc
$33.00 -0.76
-2.25%
$34.18 $35.35 -6.65% 9,827,959
75.98%
12,935,600
Most Recent Note for EBAY - 7/20/2011 1:01:52 PM
Volume-driven gains in recent weeks helped it rebound near its 52-week high. It has been recovering from a slump under its 200 DMA line occurring since noted in the 5/10/11 mid-day report - "Sales revenues and earnings have shown increases below the fact-based system guidelines in quarterly comparisons versus the year ago period. Its FY '09 marked the first downturn in its strong annual earnings history (the A criteria). Perched within close striking distance of its 52-week high."
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ESI - NYSE - Chemicals-Specialty
Element Solutions Inc
$92.65 -2.79
-2.92%
$95.01 $95.52 -3.00% 653,743
74.82%
873,800
Most Recent Note for ESI - 7/20/2011 1:07:16 PM
Pulling back today from its 52-week high hit on the prior session with average volume. Recently for-profit educators have dodged government pressure concerning business practices (student loans). Fundamentals for ITT Educational Services (ESI) are below the fact-based investment system's guidelines. It survived but failed to impress since 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
$11.70 -0.05
-0.43%
$11.88 $11.92 -1.85% 33,228
136.18%
24,400
Most Recent Note for FRD - 7/20/2011 1:08:20 PM
Still holding its ground stubbornly and perched at its 52-week high after a recent streak of 6 consecutive gains. On 6/28/11 a "breakaway gap" followed strong results for the quarter ended March 31, 2011. Prior mid-day reports 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
$24.53 -0.23
-0.93%
$24.95 $25.67 -4.44% 526,449
62.96%
836,100
Most Recent Note for GSM - 7/20/2011 1:13:21 PM
Churning above average volume while not making meaningful price progress, a sign of distributional pressure, yet stubbornly holding its ground since its 7/13/11 gap up and volume-driven gain for 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 242 in Dec '10 to 228 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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HXL - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services
Hexcel Corp
$23.80 +0.62
2.67%
$23.91 $23.91 -0.46% 721,964
95.15%
758,800
Most Recent Note for HXL - 7/20/2011 1:16:34 PM
Hitting another new 52-week high with ever-increasing volume behind today's 4th consecutive gain. Found support near prior resistance in the $22 area while consolidating following an earlier streak of gains for new highs. Prior mid-day reports noted - "Recent quarterly comparisons show strong earnings increases and sales revenues growth accelerating, but its annual earnings (A criteria) history has been up and down and below the fact-based investment system's guidelines."
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IBM - NYSE - COMPUTER HARDWARE - Diversified Computer Systems
Intl Business Machines
$183.76 -1.45
-0.79%
$184.42 $185.21 -0.79% 3,185,927
61.55%
5,175,800
Most Recent Note for IBM - 7/20/2011 1:18:57 PM
Perched near its all-time high today after a considerable gap up on 7/19/11 for a new all-time high after reporting earnings +18% on +12% sales revenues for the quarter ended June 30, 2011 versus the year ago period. In the 2 prior mid-day reports it was noted - "Quarterly sales revenues and earnings increases have not met the investment system guidelines. It has maintained a solid annual earnings (A criteria) history since it was dropped from the Featured Stocks list on 9/05/08. Earnings growth has been slow and steady in the +13-18% range in quarterly comparisons versus the year ago period, however sales revenue growth in prior periods has been in the +2-8% range, farther below guidelines."
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KSU - NYSE - TRANSPORTATION - Railroads
Kansas City Southern
$58.97 +0.67
1.15%
$59.07 $62.78 -6.07% 549,304
59.90%
917,100
Most Recent Note for KSU - 7/20/2011 1:21:59 PM
Found support near its 50 DMA line this week while consolidating from new 52-week and all-time highs after a spurt of volume-driven gains. Prior mid-day reports noted - "Reported earnings +32% on +12% sales revenues for the quarter ended March 31, 2011 versus the year ago period. Its annual earnings history (A criteria) is marred by a terrible downturn in FY '09."
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QCOM - NASDAQ - TELECOMMUNICATIONS - Communication Equipment
Qualcomm Inc
$57.52 +0.56
0.98%
$59.40 $59.84 -3.88% 11,926,273
91.27%
13,066,900
Most Recent Note for QCOM - 7/20/2011 1:36:50 PM
Due to report earnings after the close, it is off the session highs after a gap up today challenging its 52-week high and stubborn resistance in the $59-60 area. Reported earnings +46% on +46% sales revenues for the quarter ended March 31, 2011 versus the year ago period. Prior earnings history is below the fact-based investment system's guidelines and a dip in its FY '09 earnings is a flaw with respect to the A criteria.

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RDEN - NASDAQ - CONSUMER NON-DURABLES - Personal Products
Elizabeth Arden Inc
$32.51 +0.44
1.37%
$33.13 $33.13 -1.87% 208,865
144.04%
145,000
Most Recent Note for RDEN - 7/20/2011 1:40:53 PM
Hit a new 52-week high with today's second consecutive volume-driven gain, rallying from an orderly base pattern. Found support in the $26 area, well above its 200 DMA line, during its consolidation since last noted in the 2/03/11 mid-day report - "Its sales revenue growth rate has been in the +6-7% range while recent quarters showed much 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."
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TCBI - NASDAQ - BANKING - Regional - Southwest Banks
Texas Capital Bancshares
$26.90 +0.01
0.04%
$26.99 $27.00 -0.37% 118,501
70.33%
168,500
Most Recent Note for TCBI - 7/20/2011 1:46:18 PM
Churning above average volume without making meaningful price progress after touching a new 52-week high following an orderly 14-week saucer shaped base. Prior mid-day reports noted - "Reported earnings +48% on +9% sales revenues for the quarter ended March 31, 2011 versus the year ago period. 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 last noted in the 2/07/05 mid-day report."

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TMH - NYSE - HEALTH SERVICES -Healthcare Information Service
Team Health Hldgs Inc
$22.96 -0.14
-0.61%
$23.20 $23.92 -4.01% 141,794
58.74%
241,400
Most Recent Note for TMH - 7/20/2011 1:50:08 PM
Perched near its 52-week high, stubbornly holding its ground near prior highs in the $23 area. It had slumped under its 50 DMA line during its consolidation since noted in the 5/04/11 mid-day report - "No overhead supply remains to act as resistance. Completed a Secondary Offering on 3/02/11. Earnings increases have been above the +25% guideline in the 3 latest quarterly comparisons but sales revenues increases have been in the +6-13% range."
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VMW - NYSE - COMPUTER SOFTWARE & SERVICES - Technical & System Software
Vmware Inc Cl A
$106.05 +0.03
0.03%
$111.43 $111.43 -4.83% 3,980,338
190.01%
2,094,800
Most Recent Note for VMW - 7/20/2011 1:55:12 PM
Erased much of its early gain after spiking up to another new 52 week high today with its second consecutive volume-driven gain. No overhead supply remains to act as resistance. Recent action has bullish characteristics but it has been noted that it did not rise from a sound base pattern. The past 5 quarterly comparisons through Mar '11 have shown strong earnings per share and sales revenues increases versus the year ago periods. A slight downturn in its FY '09 earnings is a small flaw with respect to the A criteria of the fact-based system.
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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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Kenneth J. Gruneisen founded Gruneisen Growth Corp. (2003), which prior to May 11, 2015, operated CANSLIM.net and CANSLIM.com both under license from Data Analysis Inc. / Investor's Business Daily. Kenneth has passed the CAN SLIM® Master's Exam. Gruneisen Growth Corp. now continues over two decades of fact based market analysis via FactBasedInvesting.com.

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