Mid-Day Breakouts Report - Wednesday, July 27th, 2011

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, JULY 27TH, 2011
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DOW 12390.27 -112.39 (-0.90%) | NASDAQ 2786.15 -53.81 (-1.89%) | S&P 500 1314.57 -17.37 (-1.30%)

Time of Screening : 7/27/2011 11:45:39 AM Report Released : 7/27/2011 1:25:16 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
BIDU - NASDAQ Baidu Inc Ads	$163.67	-0.69 -0.42%	$165.89	5,955,611 65.44% of 50 DAV 50 DAV is 9,100,900	$165.96 -1.38%	7/26/2011	$164.32	PP = $156.14 MB = $163.95
Most Recent Note - 7/27/2011 12:07:12 PM Y - Holding its ground today following a gap up on the prior session for a new 52-week high, rising from a 14-week cup shaped base without a handle. No resistance remains due to overhead supply after its small "breakaway gap" triggered a technical buy signal. Color code was changed to yellow when featured in the 7/26/11 mid-day report (read here) with pivot point cited based on its 4/28/11 high plus 10 cents. After this high-ranked Internet - Content firm was dropped from the Featured Stocks list on 5/13/11 it subsequently fell from $131 to $114 and tested support at its long-term 200 DMA line before rebounding impressively. It has maintained a track record of strong quarterly sales revenues and earnings increases. >>> The latest Featured Stock Update with an annotated graph appeared on 5/9/2011. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AAPL - NASDAQ - COMPUTER HARDWARE - Personal Computers Apple Inc	$396.60	-6.81 -1.69%	$402.64	$404.50	-1.95%	12,785,513 82.43%	15,510,800
Most Recent Note for AAPL - 7/27/2011 11:46:58 AM Hovering at its all-time high today, extended from any sound base. Steadily rallying 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.
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ADS - NYSE - COMPUTER SOFTWARE & SERVICES - Information & Delivery Service Alliance Data Sys Corp	$100.72	+0.31 0.30%	$101.41	$101.51	-0.78%	692,188 84.33%	820,800
Most Recent Note for ADS - 7/27/2011 11:49:47 AM It faces no resistance due to overhead supply and it has just been inching to new 52-week and all-time highs with a recent spurt of volume-driven gains. Prior mid-day reports repeatedly 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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ALB - NYSE - CHEMICALS - Synthetics Albemarle Corp	$68.85	+0.51 0.75%	$68.87	$71.79	-4.10%	481,503 68.83%	699,600
Most Recent Note for ALB - 7/27/2011 11:54:17 AM Reported earnings +38% on +25% sales revenues for the quarter ended June 30, 2011 versus the year ago period. Perched near its all-time today high building an orderly base well above an earlier base. Held its ground since last noted in the mid-day report when gapping up on 4/25/11 following a considerable 4/20/11 breakaway gap. Quarterly results showed stronger sales and earnings increases after a downward turn and negative comparisons in FY '08 and FY '09 (bad A criteria).
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AUY - NYSE - METALS & MINING - Gold Yamana Gold Inc	$13.30	-0.30 -2.21%	$13.69	$13.69	-2.85%	5,143,907 63.15%	8,145,600
Most Recent Note for AUY - 7/27/2011 11:56:08 AM Hovering near its 52-week high with no resistance remaining due to overhead supply. Quarterly sales revenues and earnings increases in the 3 latest comparisons through March 31, 2011 were above the +25% guideline satisfying the C criteria. The downturn in FY '09 earnings is a flaw concerning the A criteria. With respect to the I criteria, the number of top rated funds owning its shares fell from 902 in Mar '11 to 853 in Jun '11. It survived but failed to impress since 4/23/2008 when it was dropped from the Featured Stocks list and subsequently fell from $13 to $3 over the next 6 months. First it had traded up as much as +25.4% after it was first featured at $15.89 in the February 2008 CANSLIM.net News (read here).
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AZZ - NYSE - MANUFACTURING - Industrial Equipment & Compone A Z Z Incorporated	$51.13	-0.71 -1.37%	$52.00	$53.30	-4.07%	63,905 69.46%	92,000
Most Recent Note for AZZ - 7/27/2011 11:56:50 AM Holding its ground and churning above average volume during its consolidation following a previously noted streak of 8 consecutive gains for new all-time highs. Reported earnings +32% on +48% sales revenues for the quarter ended May 31, 2011 versus the year ago period. Prior earnings history is not a good match with the C or A criteria of the fact-based investment system. It survived but failed to impress since noted in the 7/15/08 mid-day report.
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BLL - NYSE - CONSUMER NON-DURABLES - Packaging & Containers Ball Corp	$39.80	+0.22 0.54%	$39.80	$40.55	-1.86%	870,791 62.92%	1,384,000
Most Recent Note for BLL - 7/27/2011 12:09:37 PM It is perched near its 52-week and all-time high, consolidating above its 50 DMA line and on track today for a 7th consecutive small gain. Steady annual earnings (A criteria) history, however its Mar '11 quarter was the first earnings increase above the +25% guideline in the past 5 comparisons versus the year ago period.
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BWLD - NASDAQ - LEISURE - Restaurants Buffalo Wild Wings Inc	$66.17	+0.92 1.41%	$67.50	$69.52	-4.82%	1,115,538 330.82%	337,200
Most Recent Note for BWLD - 7/27/2011 12:22:38 PM Churning heavy volume while consolidating above prior highs and its 50 DMA line defining support in the $64 area. Reported earnings +16% on +26% sales revenues for the quarter ended June 30, 2011 versus the year ago period. Perched near its all-time high after a recent streak of volume-driven gains helped it rise from a base-on-base type pattern. Prior mid-day reports noted - "Technically broke out on 4/14/11 from a base-on-base pattern. No overhead supply exists to act as resistance. The company has a strong annual earnings history (A criteria). The C criteria has not been well satisfied by +25% earnings increases in quarterly comparisons. Blue triangles beside the quarterly earnings figure in at least the past 8 comparisons indicate pre-tax, non-recurring items were included (where possible, such items are normally removed to provide data better suited for comparison). The restaurant operator survived but failed to impress as it went through several long and very deep corrections since it was dropped from the CANSLIM.net Featured Stocks List on 8/15/2007."
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CERN - NASDAQ - Computer Sftwr-Medical Cerner Corp	$62.41	-0.64 -1.02%	$62.95	$65.24	-4.34%	827,672 79.45%	1,041,800
Most Recent Note for CERN - 7/27/2011 12:25:09 PM Consolidating near its 50 DMA line, perched just -4.8% off its all-time high. Its quarterly sales revenues and earnings per share track record has been borderline or below the investment system's minimum guidelines. The number of top-rated funds owning its shares waned from 943 in Mar '11 to 938 in Jun '11, and it is already heavily owned by the institutional crowd. This Computer Software - Medical firm has a great annual earnings (A criteria) history.
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CROX - NASDAQ - CONSUMER NON-DURABLES - Textile - Apparel Footwear Crocs Inc	$27.66	+0.51 1.88%	$27.68	$29.00	-4.62%	1,273,395 61.29%	2,077,800
Most Recent Note for CROX - 7/27/2011 12:26:31 PM Hovering near its 52-week high today, extended from prior highs in the $19 area and far from any sound base pattern. Several apparel-related stocks have shown recent leadership (L criteria). Overhead supply has been no factor in hindering its progress since the 6/21/11 mid-day report noted - "It has returned to profitability in recent quarters and is an interesting turn around story, however its sales and earnings history fall below the fact-based system's guidelines after losses in FY '08 and '09. Based on technical deterioration it was dropped from the Featured Stocks list on 11/7/07 when still above $40. It has rebounded significantly from ultimate lows below $1.00 which it hit shortly after it was last reviewed in the FSU section of the After Market Update under the headline 'Gaps Down With Heavy Volume Are A Classic Sign of Institutional Selling'. A review of the old analysis is recommended."
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CYOU - NASDAQ - COMPUTER SOFTWARE & SERVICES - Multimedia &; Graphics Software Changyou.com Ltd Ads	$49.62	+0.20 0.40%	$50.19	$51.43	-3.52%	204,186 71.00%	287,600
Most Recent Note for CYOU - 7/27/2011 12:29:17 PM Churning heavy volume at its 52-week and all-time high. Volume-driven gains this week helped it technically break out above prior resistance in the $47 area. Due to report earnings on August 1st. It rebounded from a slump below its 50 DMA line during its 10-week cup shaped base. Prior mid-day reports noted- "Quarterly earnings improved in the quarter ended March 31, 2011 and showed recent acceleration, but the 4 prior earnings comparisons have been below the +25% guideline. This Chinese provider of free online games quarterly sales revenues improved from $1.6 million in revenues in the quarter ended March 31, 2007 to $97.1 million in the quarter ended Mar 31, 2011."
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FDO - NYSE - RETAIL - Discount, Variety Stores Family Dollar Stores	$54.32	+0.82 1.53%	$54.33	$57.71	-5.87%	855,121 74.48%	1,148,100
Most Recent Note for FDO - 7/27/2011 12:34:13 PM It has found support near its 50 DMA line while recently building a new base. The C criteria is not satisfied. Since last noted on 11/16/10 in the mid-day report it gapped down and undercut its 200 DMA line before rebounding impressively. Previously noted in the 7/28/10 mid-day report - "Rising from a 'double bottom' base and touching a new 52-week high amid headlines of an activist fund manager reportedly holding a 6.6% stake in the firm. As noted previous mid-day report appearances in May '10 and Apr '09, still its sales revenues and earnings growth history below guidelines."
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FRD - AMEX - METALS & MINING - Steel & Iron Friedman Inds Inc	$12.57	-0.19 -1.50%	$12.75	$12.95	-2.94%	30,034 106.50%	28,200
Most Recent Note for FRD - 7/27/2011 12:35:17 PM Pulling back today from its 52-week high after a spurt of volume-driven 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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GRA - NYSE - CHEMICALS - Specialty Chemicals Grace W R & Co	$52.03	+0.38 0.74%	$52.25	$52.50	-0.90%	568,049 72.22%	786,500
Most Recent Note for GRA - 7/27/2011 12:36:53 PM Up today following a considerable gap up gain with heavy volume for a new 52-week high on the prior session. Reported earnings +46% on +21% sales revenues (sequential acceleration from +2% and +13% sales increases in Dec '10 and Mar '11) for the quarter ended June 30, 2011 versus the year ago period. Found support near prior highs in the $40 area after violating its 50 DMA line during its consolidation since noted in the 5/23/11 mid-day report - "Its erratic quarterly and annual sales and earnings history falls short of the investment system's guidelines."
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GTLS - NASDAQ - ENERGY - Oil &; Gas Equipment &; Services Chart Industries Inc	$61.15	+2.37 4.03%	$62.15	$62.15	-1.61%	436,628 104.68%	417,100
Most Recent Note for GTLS - 7/27/2011 12:43:35 PM Touched a new all-time high today, rising from a saucer-with-high-handle type base pattern. It went through a deep consolidation after dropped from the Featured Stocks list on 9/05/08. It has rebounded impressively, especially since its Nov '10 breakout, and it may be an interesting turnaround story now, however the downturn in FY '09 and FY '10 earnings is a flaw with respect to the A criteria of the fact-based investment system. Its small supply of shares outstanding (the S criteria) can contribute to greater volatility, especially if institutional investors rush in or out.
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LAD - NYSE - SPECIALTY RETAIL - Auto Dealerships Lithia Motors Inc Cl A	$23.29	+1.56 7.18%	$23.84	$23.84	-2.31%	466,567 227.70%	204,900
Most Recent Note for LAD - 7/27/2011 12:54:27 PM Hit another new 52-week high today, stubbornly holding its ground and rising since 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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NCR - NYSE - COMPUTER SOFTWARE & SERVICES - Information Technology Service N C R Corp	$20.43	-0.23 -1.11%	$20.72	$20.97	-2.58%	1,022,889 68.11%	1,501,900
Most Recent Note for NCR - 7/27/2011 12:56:44 PM Consolidating above prior chart highs with volume totals cooling since its previously noted 7/22/11 gap up and breakout from a orderly flat base formed over the past 5 months. Reported earnings +31% on +12% sales for the quarter ended June 30, 2011 versus the year ago period. Earnings history is not a good match with the C or A criteria of the fact-based investment system. It survived but failed to impress since noted on 7/26/07 mid day report - "The C criteria and sales history is below guidelines. Current earnings per share should be up 25% or more and in many cases accelerating in recent quarters. Quarterly sales should also be up 25% or more or accelerating over prior quarters."
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NSC - NYSE - TRANSPORTATION - Railroads Norfolk Southern Corp	$77.94	+2.39 3.16%	$78.40	$78.40	-0.59%	2,400,552 114.46%	2,097,200
Most Recent Note for NSC - 7/27/2011 1:01:21 PM Hit a new 52-week and all-time high today after a small gap up. Reported earnings +33% on +18% sales revenues for the quarter ended June 30, 2011 versus the year ago period. Its latest quarterly earnings and sales increases have been near the guidelines of the fact-based system, but a downturn in FY '09 earnings is a flaw with respect to the A criteria. Several Transportation - Rail companies have currently been showing reassuring leadership (the L criteria).
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PETM - NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other Petsmart Inc	$44.41	-0.72 -1.60%	$45.42	$46.60	-4.70%	595,564 58.39%	1,019,900
Most Recent Note for PETM - 7/27/2011 1:03:21 PM Perched -4.9% off its 52-week and all-time highs now, even after violating its 50 DMA line with today's loss. Quarterly sales revenues increases in the +6-8% are below the robust growth guidelines of the investment system. Last noted in the 6/16/11 mid-day report - "Its earnings and sales revenues showed improvement in the recent quarterly comparisons but its growth history is below the fundamental guidelines of the investment system. Current earnings per share should be up +25% or more and the past 3 or 4 comparisons in many cases accelerating in recent quarters. Quarterly sales should also be up +18-25% or more or accelerating over prior quarters."
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ROC - NYSE - CHEMICALS - Specialty Chemicals Rockwood Holdings Inc	$61.27	+2.61 4.45%	$62.00	$62.00	-1.18%	708,621 62.35%	1,136,600
Most Recent Note for ROC - 7/27/2011 1:11:35 PM Today's small gap up gain helped it touch new 52-week and all-time highs and no overhead supply remains to act as resistance. Reported earnings +134% on +23% sales revenues for the quarter ended June 30, 2011 versus the year ago period. Proposed a Secondary Offering on 4/30/11. Completed an earlier Public Offering on 12/21/10. Recent quarters show sales and earnings improving, but prior history is below the fact-based system's guidelines. Its up and down annual earnings history (A criteria) leaves fundamental concerns.
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TNH - NYSE - CHEMICALS - Agricultural Chemicals Terra Nitrogen Co Lp	$159.16	-1.67 -1.04%	$161.84	$163.54	-2.68%	32,479 57.79%	56,200
Most Recent Note for TNH - 7/27/2011 1:14:30 PM Perched at its 52-week high today after a recent spurt of volume-driven gains. Held its ground at its 50 DMA line after a bout of distributional pressure in June. Recent quarterly comparisons through Mar '11 showed impressive sales revenues acceleration and strong earnings increases versus the year-ago period, but its up and down annual earnings (questionable A) history remains a fundamental concern. There is a small supply of only 4.26 million shares in its float, which can contribute to greater price volatility in the event of institutional buying or selling.
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TPX - NYSE - MANUFACTURING - Textile Manufacturing Tempur Sealy Intl Inc	$74.20	+8.18 12.38%	$74.81	$74.81	-0.82%	2,776,143 227.44%	1,220,600
Most Recent Note for TPX - 7/27/2011 1:20:25 PM Gapped up today for a considerable gain and new 52-week and all-time highs and no overhead supply remains to act as resistance. It did not form any sound base pattern in recent months while ultimately rallying for considerable gains this year. Reported earnings +65% on +30% sales revenues for the quarter ended June 30, 2011 versus the year ago period. The 7/07/11 mid-day report noted - "Its annual earnings (A criteria) history was marred by a downturn in FY '08."
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VRTS - NASDAQ - FINANCIAL SERVICES - Asset Management Virtus Investment Ptnrs	$78.31	-1.06 -1.34%	$79.60	$80.60	-2.84%	31,780 93.47%	34,000
Most Recent Note for VRTS - 7/27/2011 1:23:32 PM Perched near its 52-week high today, extended from any sound base after steadily climbing from prior resistance in the $61 area. Prior mid-day reports noted - "Recent quarterly comparisons show greatly improved earnings and sales revenues. Prior earnings history is below the fact-based system's guidelines."
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