Mid-Day Breakouts Report - Thursday, July 29th, 2010

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MIDDAY BREAKOUTS REPORT - THURSDAY, JULY 29TH, 2010
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DOW 10472.3 -25.5 (-0.24%) | NASDAQ 2248.45 -16.11 (-0.71%) | S&P 500 1099.36 -6.77 (-0.61%)

Time of Screening : 7/29/2010 12:13:27 PM Report Released : 7/29/2010 1:46:26 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
CACC - NASDAQ Credit Acceptance Corp	$52.04	-1.08 -2.03%	$52.79	41,385 86.94% of 50 DAV 50 DAV is 47,600	$54.45 -4.43%	7/29/2010	$52.04	PP = $54.07 MB = $56.77
Most Recent Note - 7/29/2010 12:39:35 PM Y - Consolidating near all-time highs after quietly reaching new high territory this week. Color code is changed to yellow and new pivot point cited is based on its 2/01/10 high plus ten cents. Its quarterly and annual earnings track record is a good match with the fact-based investment system's fundamental guidelines, as opposed to its peer in the Finance - Consumer Loans group, Americredit Corp (ACF), which recently bankrupted GM bid to acquire the day after President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act. Based on weak action CACC was dropped from the Featured Stocks list on 3/16/10. It has steadily risen since subsequently finding support above the $38 area cited as a support level to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 3/2/2010. Click here.
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MWIV - NASDAQ M W I Veterinary Supply	$52.05	+4.17 8.71%	$52.73	42,877 67.84% of 50 DAV 50 DAV is 63,200	$53.51 -2.73%	7/29/2010	$52.05	PP = $52.09 MB = $54.69
Most Recent Note - 7/29/2010 1:22:50 PM Y - Gapped up today after reporting strong earnings and raising guidance, repairing the recent 50 DMA line violation. An early-July breakout without volume conviction failed, so while it has not formed a sound looking base, no overhead supply remains to act as resistance. A new high close above the pivot point cited (based on its 5/17/10 high plus ten cents) with a gain backed by heavy volume would be a very bullish sign, and it would be even more reassuring to see it reach a new 52-week high with great volume conviction. It has a good annual earnings (A criteria) history, and the latest quarter ended June 30, 2010 showed more impressive sales and earnings acceleration after prior earnings comparisons showed improvement above the guidelines of the fact-based investment system. Its small supply (S criteria) of only 12.3 million shares outstanding could contribute to greater volatility in the event of institutional buying or selling. There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
BBD - NYSE - BANKING - Foreign Regional Banks Banco Bradesco Sa Adr	$18.37	-0.18 -0.97%	$18.80	$18.80	-2.29%	6,610,957 59.58%	11,095,300
Most Recent Note for BBD - 7/29/2010 12:21:24 PM This Brazilian bank hit a new 52-week high today and then reversed into the red. The Banks -Foreign industry group has a current Group Relative Strength rating of 96. Strong leadership offers some reassurance concerning the L criteria. Recent quarterly comparisons show earnings increases above the +25% guideline, but a downward turn in its FY '09 earnings hurts is annual earnings (A criteria) track record.
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BIN - NYSE - DIVERSIFIED SERVICES - Waste Management Progressive Waste Soltns	$22.45	+0.22 0.99%	$22.66	$22.99	-2.35%	270,256 91.33%	295,900
Most Recent Note for BIN - 7/29/2010 12:23:51 PM Overcame early weakness today. Perched at its 52-week high, noted in recent mid-day reports - "Consolidating after a recent streak of gains on above average volume to a new 52-week high following signs of prompt support near its 50 DMA line. This Pollution Control firm's sales and earnings history are below guidelines of the fact-based investment system."
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EC - NYSE - ENERGY - Independent Oil & Gas Ecopetrol Sa Adr	$33.52	-0.11 -0.33%	$34.47	$34.47	-2.76%	62,881 58.12%	108,200
Most Recent Note for EC - 7/29/2010 12:43:01 PM Columbian Oil and Gas - Integrated firm reported strong sales and earnings increases for the quarter ended June 30, 2010 versus the year earlier period. Recent quarterly comparisons have shown great improvement, but its prior quarterly and annual earnings history has been below guidelines of the fact-based system. It is extended from a sound base after rallying to new all-time highs in recent weeks since clearing resistance at the $30 level.
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EXLS - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Exlservice Holdings Inc	$18.60	-0.02 -0.11%	$18.95	$19.51	-4.66%	120,401 198.68%	60,600
Most Recent Note for EXLS - 7/29/2010 12:47:16 PM It is working on a long and orderly base pattern, perched within close striking range of its 52-week high after finding support near its 50 and 200 DMA lines. Recent quarterly comparisons showed improving sales and earnings but its prior quarterly and annual earnings track record is below the guidelines of the fact-based investment system.
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FCFS - NASDAQ - Finance-Consumer Loans FirstCash Holdings Inc	$24.26	-0.31 -1.26%	$24.75	$24.99	-2.92%	117,563 61.84%	190,100
Most Recent Note for FCFS - 7/29/2010 12:50:58 PM Perched near its 52-week high, holding its ground above prior highs in the $23 area after a technical breakout on 7/22/10. Its recent quarterly comparisons show earnings and sales increases borderline or under the guidelines of the fact-based investment system. Its annual earnings (A criteria) history appears to have been steady, but prior notes in mid-day reports in Dec '08 and Apr '09 cited "fundamental concerns." This previously featured stock was dropped from the CANSLIM.net Featured Stocks list on 2/27/07.
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IHS - NYSE - COMPUTER SOFTWARE & SERVICES - Business Software & Services I H S Inc Cl A	$62.56	-0.13 -0.21%	$63.33	$63.33	-1.22%	175,479 58.14%	301,800
Most Recent Note for IHS - 7/29/2010 1:02:55 PM It has recently been wedging higher and hit a new 52-week high today before reversing into the red. Recent quarterly earnings increases have been less the +25% minimum guidelines and sales revenues increases have not been very strong. However, it has maintained a great annual earnings (A criteria) track record. Sales and earnings growth history has been steady since last noted 6/20/08 when it was nearly challenge all-time highs in the $72 area.
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JOBS - NASDAQ - DIVERSIFIED SERVICES - Staffing &; Outsourcing Service Fifty One Job Inc Ads	$24.35	+0.17 0.70%	$24.62	$24.89	-2.17%	27,292 62.17%	43,900
Most Recent Note for JOBS - 7/29/2010 1:05:06 PM Perched near its 52-week high. Noted in a few recent mid-day reports - "without forming a sound base pattern it is rallying clear of resistance due to overhead supply. The 2 latest quarters showed better sales revenues and earnings improvement, but its prior quarterly and annual earnings history (C and A criteria) has been below guidelines of the fact-based investment system."
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LFL - NYSE - TRANSPORTATION - Regional Airlines Latam Airlines Group Adr	$22.66	-0.31 -1.35%	$23.20	$23.35	-2.96%	422,017 103.92%	406,100
Most Recent Note for LFL - 7/29/2010 1:07:23 PM Recent quarters show improving sales and earnings but its earnings history is below the fact-based system's guidelines. Extended from any sound base.
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NUTR - NASDAQ - DRUGS - Drug Related Products Nutraceutical Intl Corp	$15.76	-0.10 -0.63%	$16.00	$16.00	-1.50%	42,371 82.43%	51,400
Most Recent Note for NUTR - 7/29/2010 1:24:40 PM Matched its 52-week high today. Noted in the 7/15/10 mid-day report - "It has built a long flat base-on-base type pattern. Fundamentals are below guidelines of the investment system today for this vitamin and dietary supplement maker which was long ago (back in 2004) on the Featured Stocks list.
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ODFL - NASDAQ - TRANSPORTATION - Trucking Old Dominion Fght Lines	$39.34	-0.88 -2.19%	$40.20	$40.94	-3.91%	277,492 92.56%	299,800
Most Recent Note for ODFL - 7/29/2010 1:28:03 PM Pulling back today after a considerable gain on 7/28/10 helped it hit a new 52-week high. Recent quarterly comparisons show improving sales and earnings after a streak of 5 negative comparisons and a downward turn annual earnings (A criteria).
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SFLY - NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other Shutterfly Inc	$25.55	-0.48 -1.84%	$26.64	$26.64	-4.09%	223,418 89.62%	249,300
Most Recent Note for SFLY - 7/29/2010 1:29:53 PM Gapped up today and hit a new 52-week high, then reversed into the red. Sales revenues and earnings history are below the investment system guidelines.
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SXE - NYSE - COMPUTER SOFTWARE & SERVICES - Information Technology Service Southcross Energy Prn Lp	$37.31	-0.07 -0.19%	$37.44	$37.55	-0.64%	209,415 103.16%	203,000
Most Recent Note for SXE - 7/29/2010 1:36:39 PM Perched near all-time highs since gap up 5/07/10 on news it is to be acquired by CGI Group Inc. via cash tender offer. It was dropped from the Featured Stocks list on 2/23/09.
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UAM - NYSE - INSURANCE - Accident &; Health Insurance Universal American Finl	$15.78	+0.82 5.48%	$16.00	$16.52	-4.48%	263,546 124.84%	211,100
Most Recent Note for UAM - 7/29/2010 1:38:31 PM Approaching its 52-week high after a gap up today. Sales and earnings history are below the investment system guidelines.
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USNA - NYSE - DRUGS - Drug Related Products U S A N A Health Science	$40.85	-0.68 -1.64%	$42.25	$42.25	-3.31%	23,427 65.99%	35,500
Most Recent Note for USNA - 7/29/2010 1:43:19 PM Finished strong on the prior session and hit another new 52-week high today, then reversed into the red. Its latest earnings news for the quarter ended June 30, 2010 showed sales revenues up +12% and earnings per share up +21% versus the year ago period. Noted in recent mid-day reports - "Showing recent improvement, but fundamentally the C and A criteria are not satisfied. Current earnings per share should be up +25% or more and in the 3 or 4 latest comparisons versus the year earlier, and ideally growth should be accelerating in recent quarters. Quarterly sales should also be up +25% or more or accelerating over prior quarters."
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VAR - NYSE - HEALTH SERVICES - Medical Appliances & Equipment Varian Medical Systems	$55.25	+0.62 1.13%	$57.42	$57.70	-4.25%	858,504 63.50%	1,351,900
Most Recent Note for VAR - 7/29/2010 1:46:06 PM Pulling back after a gap up today helped it challenge its 52-week high. Sales revenues and earnings increases have been below guidelines in its quarterly comparisons while it has maintained a slow and steady annual earnings history.
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