Mid-Day Breakouts Report - Thursday, July 28th, 2011

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MIDDAY BREAKOUTS REPORT - THURSDAY, JULY 28TH, 2011
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DOW 12340.58 38.49 (0.31%) | NASDAQ 2790.51 25.68 (0.93%) | S&P 500 1312.06 7.17 (0.55%)

Time of Screening : 7/28/2011 11:54:55 AM Report Released : 7/28/2011 1:36:50 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
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
IPCM - NASDAQ I P C The Hospitalist Co	$49.94	+0.07 0.14%	$50.67	54,681 60.96% of 50 DAV 50 DAV is 89,700	$52.25 -4.42%	7/25/2011	$51.40	PP = $52.35 MB = $54.97
Most Recent Note - 7/28/2011 12:45:24 PM Y - Holding its ground today after 3 consecutive small losses with above average volume, encountering distributional pressure while churning near its all-time high. Due to report earnings after the close today. See the latest FSU analysis for more details and an annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 7/25/2011. Click here.
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MWIV - NASDAQ M W I Veterinary Supply	$85.18	+4.98 6.21%	$86.69	52,289 83.53% of 50 DAV 50 DAV is 62,600	$86.99 -2.08%	7/11/2011	$83.39	PP = $84.67 MB = $88.90
Most Recent Note - 7/28/2011 1:00:59 PM G - It is off early highs after a gap up today, promptly repairing its 50 DMA line breach and rallying to new July highs above its pivot point, challenging its 52-week and all-time highs. A volume-driven gain may trigger a technical buy signal. Reported earnings +23% on +18% sales revenues for the quarter ended June 30, 2011 versus the year ago period. That marks the weakest sales and earnings increases in the span of 6 quarterly comparisons, raising concerns. The sub par earnings increase (below the +25% guideline) coupled with broader market (M criteria) weakness may give investors reasons to avoid new buying efforts. >>> The latest Featured Stock Update with an annotated graph appeared on 6/30/2011. Click here.
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QSII - NASDAQ Quality Systems Inc	$89.59	+3.42 3.97%	$89.80	201,247 84.77% of 50 DAV 50 DAV is 237,400	$92.38 -3.02%	7/6/2011	$91.26	PP = $91.67 MB = $96.25
Most Recent Note - 7/28/2011 1:23:52 PM Y - Rallying from its 50 DMA line to within close striking distance of its all-time high. It gapped up today after reporting earnings +55% on +21% sales revenues for the quarter ended June 30, 2011 versus the year ago period. Color code is changed to yellow based on its fundamental and technical strength, however no new pivot point is cited. Volume-driven gains for new highs would be a technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 7/6/2011. 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	$396.83	+4.21 1.07%	$396.99	$404.50	-1.90%	10,638,656 67.93%	15,660,200
Most Recent Note for AAPL - 7/28/2011 12:00:11 PM Hovering near 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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AET - NYSE - HEALTH SERVICES - Health Care Plans Aetna Inc	$43.03	+1.31 3.14%	$43.34	$46.01	-6.48%	4,175,927 101.90%	4,097,900
Most Recent Note for AET - 7/28/2011 12:01:46 PM Rebounding after a damaging loss with heavy volume on the prior session, yet still consolidating below its 50 DMA line which may act as resistance. Hit its 52-week high on 5/19/11 when noted in the mid-day report - "Earnings increases have been above the +25% guideline in the past 4 quarterly comparisons versus the year earlier, but during that span its sales revenues were in the negative -1-3% range. Annual earnings (A criteria) history is also below the investment system's guidelines."
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AUY - NYSE - METALS & MINING - Gold Yamana Gold Inc	$13.19	-0.03 -0.23%	$13.29	$13.69	-3.65%	5,105,358 62.35%	8,188,100
Most Recent Note for AUY - 7/28/2011 12:03:02 PM Making its 3rd mid-day report appearance of the week while 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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BLL - NYSE - CONSUMER NON-DURABLES - Packaging & Containers Ball Corp	$38.65	-0.63 -1.60%	$38.90	$40.55	-4.69%	1,090,910 77.19%	1,413,300
Most Recent Note for BLL - 7/28/2011 12:06:01 PM Gapped down today trading under its 50 DMA line and slumping near prior chart lows. Reported earnings +23% on +15% sales revenues for the quarter ended June 30, 2011 versus the year ago period. The 7/27/11 mid-day report and prior reports noted - "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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BLX - NYSE - BANKING - Foreign Regional Banks Banco Latinoamericano C	$18.02	-0.08 -0.44%	$18.33	$19.05	-5.41%	60,694 62.96%	96,400
Most Recent Note for BLX - 7/28/2011 12:08:51 PM It has formed an orderly 7-month flat base during which it found support at its 200 DMA line. Recent quarterly comparisons showed strong sales revenues and earning increases but its up and down annual earnings (A criteria) is a concern.
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CLFD - NASDAQ - TELECOMMUNICATIONS - Cables / Satalite Equipment Clearfield Inc	$8.24	+0.60 7.85%	$8.35	$8.35	-1.32%	193,693 316.49%	61,200
Most Recent Note for CLFD - 7/28/2011 12:14:02 PM Charged to a new 52-week high with today's volume-driven gain. Found support at its 50 DMA line after recently inching above resistance near the $7 level. Its annual earnings (A criteria) history has not shown strong and steady growth. Noted in prior mid-day reports - "Low-priced Telecom -Fiber Optics firm has shown minuscule revenues but improving sales revenues and earnings in the 3 latest quarterly comparisons. Technically it rose from a double bottom base pattern in late-April with volume driven-gains."
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CRS - NYSE - METALS & MINING - Steel & Iron Carpenter Technology	$58.93	+4.01 7.30%	$59.99	$59.99	-1.77%	581,803 114.08%	510,000
Most Recent Note for CRS - 7/28/2011 12:17:22 PM Rallied to a new 52-week high today following a short consolidation above prior highs. It built an orderly base-on-base pattern since a "breakaway gap" on 4/26/11. Prior mid-day reports noted - "Downturn in FY '09 and FY '10 earnings (A criteria) earnings makes it fall below the fact-based investment system's fundamental guidelines."
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DECK - NYSE - Apparel-Clothing Mfg Deckers Outdoor Corp	$94.00	+2.47 2.70%	$95.13	$97.75	-3.84%	645,617 69.11%	934,200
Most Recent Note for DECK - 7/28/2011 12:25:47 PM Perched near all-time highs and prior resistance in the $97 area with no overhead supply remaining to hinder its progress. Due to report earnings after the close today. It found support near prior lows and its 200 DMA line during its consolidation since last noted on 4/29/11 when fundamental and technical weakness prompted it to be dropped from the Featured Stocks list. Reported earnings only +7% on +31% sales revenues for the quarter ended March 31, 2011 versus the year ago period.
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DXPE - NASDAQ - WHOLESALE - Industrial Equipment Wholesale D X P Enterprises Inc	$27.13	+1.83 7.23%	$27.50	$27.81	-2.45%	67,243 123.38%	54,500
Most Recent Note for DXPE - 7/28/2011 12:31:19 PM Gapped up today with above average volume behind its gain, rallying from its 50 DMA line to challenge recent resistance in the $27 area and its 52-week high. Reported earnings +61% on +18% sales revenues for the quarter ended June 30, 2011 versus the year ago period. No resistance remains due to overhead supply. Recent quarterly earnings increases above the +25% guideline satisfy the C criteria, but its up and down annual earnings (A criteria) history is a concern. Based on weak action it was dropped from the Featured Stocks list on 10/03/08 and fundamentals deteriorated afterward while it slumped from above $21 to as low as $8.57 before rebounding.
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FMX - NYSE - FOOD & BEVERAGE - Beverages - Brewers Fomento Econ Mex Sab Ads	$73.00	+0.00 0.00%	$73.84	$73.84	-1.14%	597,440 125.96%	474,300
Most Recent Note for FMX - 7/28/2011 12:33:51 PM Holding its ground today following a considerable volume-driven gain for new 52-week and all-time high on the prior session. Bullish action has followed since last noted in the 6/27/11 mid-day report - "Still building an orderly base and finding support near its 50 DMA line and above prior highs, perched within close striking distance of its 52-week high. Recent quarterly comparisons showed earnings improving, but sales revenues and earnings growth has not been strong and steady. Its annual earnings history (A criteria) included a downturn in FY '08."
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GMCR - NASDAQ - FOOD & BEVERAGE - Processed & Packaged Goods Green Mtn Coffee Roastrs	$105.68	+17.57 19.94%	$107.27	$107.27	-1.48%	5,794,214 249.54%	2,322,000
Most Recent Note for GMCR - 7/28/2011 12:39:24 PM Gapped up today after reporting earnings +133% on +127% sales revenues for the quarter ended June 30, 2011 versus the year ago period. Bullish action has continued while it rarely and briefly paused to consolidate since last noted in the 5/23/11 mid-day report - "Inching higher today for new all-time high and it could go on to produce more climactic gains.. It completed a Public Offering on 5/05/11 and technically formed an advanced '3-weeks tight' pattern, however a new pivot point is not being cited. It is trading +80% above its 200 DMA line, which serves as a reminder for investors to watch out for sell signals more than having a bias toward any new buying efforts. Reported earnings +129% on +101% sales revenues for the quarter ended March 31, 2011 versus the year ago period. Held its ground following its considerable gap up on 3/10/11 after news of a deal with Starbucks Corp (SBUX). It has maintained a very strong sales revenues and earnings growth history solidly satisfying the C and A criteria. This previously featured leader was dropped from the Featured Stocks list on 10/01/10."
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GRA - NYSE - CHEMICALS - Specialty Chemicals Grace W R & Co	$51.29	-0.77 -1.48%	$52.17	$52.50	-2.30%	761,539 94.38%	806,900
Most Recent Note for GRA - 7/28/2011 12:40:46 PM Holding its ground following a considerable 7/26/11 gap up gain with heavy volume for a new 52-week high. 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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HPY - NYSE - DIVERSIFIED SERVICES - Business/Management Services Heartland Payment Sys	$21.75	+2.40 12.40%	$22.17	$22.17	-1.89%	534,060 175.50%	304,300
Most Recent Note for HPY - 7/28/2011 12:42:36 PM Gapped up for a considerable volume-driven gain, rebounding from below its 50 DMA to hit a new 52-week high. Earnings and sales revenues in recent quarters showed improvement but prior history is below the system's guidelines.
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ISRG - NASDAQ - HEALTH SERVICES - Medical Appliances & Equipment Intuitive Surgical Inc	$396.67	+3.09 0.78%	$396.96	$415.19	-4.46%	203,618 62.10%	327,900
Most Recent Note for ISRG - 7/28/2011 12:49:53 PM Holding its ground above prior highs since the previously noted "breakaway gap" and volume-driven gains to new high territory. Reported earnings +33% on +21% sales revenues for the quarter ended June 30, 2011 versus the year ago period, improving from slightly sub par increases of +22% earnings on +18% sales revenues for the Mar '11 quarter. Small supply (S criteria) of only 39.3 million shares can lead to greater volatility. Based on weak action it was dropped from the Featured Stocks list on 5/07/10 and went through a long deep consolidation before rebounding impressively.
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LABL - NASDAQ - CONSUMER NON-DURABLES - Packaging & Containers Multi Color Corp	$23.79	+2.75 13.07%	$23.84	$25.32	-6.04%	52,607 130.22%	40,400
Most Recent Note for LABL - 7/28/2011 12:58:37 PM Rallying from below its 50 DMA line toward its 52-week high with today's considerable volume-driven gain. Little overhead supply remains to act as resistance. Prior mid-day reports noted - "Recent quarterly comparisons showed stronger sales and earnings increases. However, its prior earnings history is has not been strong and steady enough to match the fact-based investment system guidelines."
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NVO - NYSE - DRUGS - Drug Manufacturers - Other Novo Nordisk A/S Adr	$123.80	+1.00 0.81%	$124.29	$132.88	-6.83%	247,467 96.22%	257,200
Most Recent Note for NVO - 7/28/2011 1:06:08 PM Consolidating near its 50 DMA line and perched -7% off its all-time high today. Found support at its 200 DMA line during its consolidation since last noted in the 6/10/11 mid-day report - "Reported earnings +31% on +20% sales revenues for the quarter ended March 31, 2011, so its 3 latest quarterly comparisons have earnings increases above the +25% guideline (C criteria) . It has earned high ranks after demonstrating strong steady annual earnings (A criteria) growth. This Denmark-based Medical - Ethical Drug firm also has seen the number of top-rated funds owning its shares rise from 152 in Mar '10 to 204 in Mar '11, a reassuring sign concerning the I criteria."
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PETM - NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other Petsmart Inc	$43.50	-0.11 -0.26%	$43.98	$46.60	-6.66%	648,280 62.82%	1,032,000
Most Recent Note for PETM - 7/28/2011 1:09:10 PM Perched -6.2% off its 52-week and all-time highs after violating its 50 DMA line with a damaging loss on the prior session. Quarterly sales revenues increases in the +6-8% are below the robust growth guidelines of the investment system. The 6/16/11 mid-day report noted- "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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POT - NYSE - CHEMICALS - Agricultural Chemicals Potash Corp Saskatchewan	$61.02	+1.84 3.10%	$61.35	$63.97	-4.62%	4,717,652 61.28%	7,698,200
Most Recent Note for POT - 7/28/2011 1:13:10 PM Consolidating -5.7% off its 52-week high today, building the right side of a 5 month base during which it found support near its 200 DMA line. This Chemicals-fertilizers firm's earnings and sales revenues increases have been very strong in the 6 most recent quarterly comparisons versus the year earlier after streak of negative comparisons. Its annual earnings history (A criteria) was very strong until a drastic downward turn in FY '09 marred its impressive track record.
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SBUX - NASDAQ - LEISURE - Specialty Eateries Starbucks Corp	$40.64	+1.67 4.29%	$40.65	$41.11	-1.14%	4,394,779 69.88%	6,288,800
Most Recent Note for SBUX - 7/28/2011 1:25:51 PM Consolidating near its 52-week high for the past 4 weeks after a streak of gains in June helped it rally above prior resistance in the $37-38 area. Held its ground stubbornly and formed a base-on-base type pattern since a breakaway gap on 3/10/11. Earnings increased +17% on +10% sales in the quarter ended March 31, 2011 versus the year ago period. The downturn in FY '08 earnings (A criteria) history also makes the Retail - Restaurants firm fall below the guidelines of the investment system.
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VRTS - NASDAQ - FINANCIAL SERVICES - Asset Management Virtus Investment Ptnrs	$78.26	+0.21 0.27%	$78.52	$80.60	-2.90%	21,975 63.51%	34,600
Most Recent Note for VRTS - 7/28/2011 1:29:28 PM Churning heavy volume this week while perched at its 52-week high, holding its ground but extended from any sound base pattern 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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VSI - NYSE - SPECIALTY RETAIL - Specialty Retail, Other Vitamin Shoppe Inc	$45.77	+2.80 6.52%	$46.11	$48.36	-5.36%	237,399 81.47%	291,400
Most Recent Note for VSI - 7/28/2011 1:34:10 PM Rallying from support at its 50 DMA line with today's volume-driven gain. Reporting earnings news after the close today. It may be forming a short "square box" base pattern. Prior mid-day reports noted- "Reported earnings +47% on +13% sales revenues for the quarter ended March 31, 2011 versus the year ago period. It had consolidated back and forth near its 50 DMA line since completing a 12/02/10 Secondary Offering, and recently wedged into new high territory without great volume conviction behind its gains. Sales revenues increases have been steadily in the +9-13% range for the past year and a half, not showing strong growth or acceleration indicative of great growth in demand for its products or services. A Secondary Offering on 5/19/10 followed its 10/28/09 reorganization."
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WYN - NYSE - LEISURE - Resorts & Casinos Wyndham Worldwide Corp	$35.61	+0.88 2.53%	$35.83	$36.00	-1.08%	1,056,278 58.34%	1,810,700
Most Recent Note for WYN - 7/28/2011 1:36:15 PM Perched at its 52-week high. Sales revenues and earnings growth history is not a good match with the winning models of the fact-based investment system.
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