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 MIDDAY BREAKOUTS REPORT - MONDAY, AUGUST 1ST, 2011
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DOW 12037.96 -105.28 (-0.87%) | NASDAQ 2720.85 -35.46 (-1.29%) | S&P 500 1277.88 -14.4 (-1.11%)
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Time of Screening :
8/1/2011 12:11:38 PM Report Released :
8/1/2011 1:13:24 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...
At around
mid-way through each trading day we run
a screen against our database of
high-ranked stocks, searching for
possible buy candidates that are trading
at or near their 52-week high on above
average volume. The results of that
screen are split into the two sections
you see below. The first, titled
"TODAY's FEATURED STOCKS" shows stocks
that our experts have recently
identified as among the strongest candidates to
consider. Stocks highlighted in yellow
are the most timely and noteworthy, so
particular attention and prompt action
may be appropriate. The second section,
titled "TODAY's BREAKOUT SCREEN" shows
the remainder of stocks meeting today's
screen parameters. Our experts have
reviewed and included notes on these
stocks as well, but found that they may
not match up as favorably.
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Y - Today's strongest
candidates
highlighted
by our staff
of experts.
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G - Previously featured in
this report as yellow and
now may no longer be buyable
under the guidelines.
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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 |
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Max Buy |
ATHN
- NASDAQ
Athenahealth Inc
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$57.53
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-1.26
-2.14%
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$60.00
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440,522
90.64% of 50 DAV
50 DAV is 486,000
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$60.29
-4.58%
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7/22/2011 |
$57.30
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PP = $50.66
MB = $53.19 |
Most Recent Note - 8/1/2011 12:17:27 PM
G - Perched at its all-time high, extended from prior highs in the $50 area that define support after its 7/22/11 breakaway gap.
>>> The latest Featured Stock Update with an annotated graph appeared on 7/27/2011. Click here.
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A N
S L
I M
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MKTX
- NASDAQ
Marketaxess Holdings Inc
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$25.81
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-0.32
-1.22%
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$27.00
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171,629
109.25% of 50 DAV
50 DAV is 157,100
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$27.00
-4.41%
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7/29/2011 |
$25.87
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PP = $26.35
MB = $27.67 |
Most Recent Note - 8/1/2011 12:51:41 PM
Y - Reversed into the red after early gains today above its pivot point. Consolidated in a tight range for the past 4 weeks perched near its 52-week See the latest FSU analysis for more details and an annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 7/29/2011. Click here.
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A N
S L
I M
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QSII
- NASDAQ
Quality Systems Inc
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$90.63
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-0.73
-0.80%
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$93.64
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189,094
75.91% of 50 DAV
50 DAV is 249,100
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$93.64
-3.21%
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7/6/2011 |
$91.26
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PP = $91.67
MB = $96.25 |
Most Recent Note - 8/1/2011 12:58:20 PM
Y - Reversed into the red after spiking to a new all-time high with today's early gains. Reported earnings +55% on +21% sales revenues for the quarter ended June 30, 2011 versus the year ago period. Volume-driven gains and a strong finish for new highs with heavy volume would be a technical buy signal, however the weaker market action (M criteria) of late is arguing against new buying efforts.
>>> 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
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$392.51 |
+2.03
0.52%
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$399.50
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$404.50
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-2.96% |
12,913,663
80.84%
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15,973,800
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Most Recent Note for AAPL - 8/1/2011 12:16:28 PM
Still churning above average volume while hovering at its all-time high, extended from any sound base. Recently rallied after reporting very strong earnings +122% on +82% sales revenues for the quarter ended June 30, 2011 versus the year ago period. Stellar earnings track record that solidly satisfies the C and A criteria. Heavily owned by the institutional crowd, and ownership by top-rated funds fell from 4,336 in Mar '11 to 4,265 in Jun '11.
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CERN
- NASDAQ - Computer Sftwr-Medical
Cerner Corp
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$65.50 |
-0.99
-1.49%
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$67.45
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$68.12
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-3.85% |
818,507
72.95%
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1,122,000
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Most Recent Note for CERN - 8/1/2011 12:20:38 PM
Pulling back today following a considerable 7/29/11 volume-driven gain for a new all-time high. Support may be expected near prior chart resistance in $62 area. Reported earnings +26% on +15% sales revenues for the quarter ended June 30, 2011 versus the year ago period. 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 939 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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CFX
- NYSE - MANUFACTURING - Diversified Machinery
Colfax Corp
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$27.85 |
+0.78
2.89%
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$28.32
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$28.32
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-1.65% |
132,358
80.07%
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165,300
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Most Recent Note for CFX - 8/1/2011 12:23:35 PM
Gapped up again today for a second consecutive volume-driven gain and hit another new 52-week high, rising from support at its 50 DMA and prior highs which were the top of an orderly saucer-with-handle type base pattern previously noted. The 3 latest quarterly comparisons through June '11 showed strong sales revenues and earnings increases with impressive acceleration, however the downward turn in FY '09 and FY '10 earnings (A criteria) is a concern, as prior mid-day reports noted - "Annual earnings history has not been strong and steady."
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DTLK
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Datalink Corporation
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$10.66 |
+0.32
3.09%
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$11.03
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$11.11
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-4.05% |
576,388
231.48%
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249,000
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Most Recent Note for DTLK - 8/1/2011 12:24:46 PM
Gapped up today challenging last week's new 52-week high with above average volume behind its spurt of recent gains. Held its ground after its considerable "breakaway gap" for a new 52-week high on 7/21/11 after reporting earnings +217% on +26% sales revenues for the quarter ended June 30, 2011 versus the year ago period. Its annual earnings (A criteria) growth has not been strong and steady, with a downturn in FY '09 earnings a flaw making it fundamentally below guidelines of the fact-based investment system.
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DXPE
- NASDAQ - WHOLESALE - Industrial Equipment Wholesale
D X P Enterprises Inc
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$26.92 |
-0.27
-0.99%
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$27.80
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$27.81
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-3.20% |
33,929
59.42%
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57,100
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Most Recent Note for DXPE - 8/1/2011 12:26:39 PM
Rallied from a test of support at its 50 DMA line last week, today challenging 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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FIZZ
- NASDAQ - FOOD & BEVERAGE - Beverages - Soft Drinks
National Beverage Corp
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$15.11 |
+0.33
2.23%
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$15.21
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$15.52
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-2.64% |
29,465
84.91%
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34,700
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Most Recent Note for FIZZ - 8/1/2011 12:29:48 PM
Fundamentals are still sub par today. Slumped to its 200 DMA line then rebounded to new highs and formed base-on-base patterns since last noted in the 9/01/10 mid-day report -"Hit a new 52-week high today, which may interest technical traders. However, quarterly sales revenues increases in the +1-6% range for the past 8 comparisons versus the year ago period are an indication there has not been great growth in demand for its products."
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HPY
- NYSE - DIVERSIFIED SERVICES - Business/Management Services
Heartland Payment Sys
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$21.89 |
+0.85
4.04%
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$23.00
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$23.00
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-4.83% |
721,306
228.84%
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315,200
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Most Recent Note for HPY - 8/1/2011 12:32:04 PM
Gapped up today for another considerable volume-driven gain (after its noted 7/28/11 gap up) and touched a new 52-week high. Prior mid-day reports noted - "Earnings and sales revenues in recent quarters showed improvement but prior history is below the system's guidelines."
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IBM
- NYSE - COMPUTER HARDWARE - Diversified Computer Systems
Intl Business Machines
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$178.56 |
-3.29
-1.81%
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$183.69
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$185.63
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-3.81% |
3,055,504
58.91%
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5,186,900
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Most Recent Note for IBM - 8/1/2011 12:36:26 PM
Consolidating from its all-time high. There was 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. Prior mid-day reports 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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JAZZ
- NASDAQ - DRUGS - Biotechnology
Jazz Pharmaceuticals Plc
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$41.33 |
+0.86
2.13%
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$43.60
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$43.60
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-5.21% |
978,221
144.73%
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675,900
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Most Recent Note for JAZZ - 8/1/2011 12:38:20 PM
Hit another new 52-week and all-time high today, quickly getting extended from its prior base with a 2nd consecutive considerable volume-driven gain. There is no overhead supply remaining to act as resistance. Reported earnings +193% on +59% sales revenues for the quarter ended June 30, 2011. Technically it found support near prior highs during its quiet consolidation after noted in the 7/14/11 mid-day report when rising from a cup-with-handle pattern which included a slump under its 50 DMA line. 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 80-fold from its low of $0.52 in April 2009. Ownership by top-rated funds rose from 117 in Jun '10 to 216 in Jun '11, a reassuring sign concerning the I criteria.
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KEX
- NYSE - TRANSPORTATION - Shipping
Kirby Corp
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$59.22 |
+0.90
1.54%
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$60.00
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$60.00
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-1.30% |
392,017
103.41%
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379,100
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Most Recent Note for KEX - 8/1/2011 12:44:38 PM
Gapped up today challenging prior resistance in the $60 area after finding support above its 50 DMA line, an important chart support level. Reported earnings +56% on +60% sales revenues for the quarter ended June 30, 2011 versus the year ago period. Prior quarterly comparisons showed sub par sales and earnings results. It survived but failed to impress since it was dropped from the Featured Stocks list on 6/12/2008. Traded up as much as +21.5% after first featured at $50.74 in the 3/18/08 CANSLIM.net Mid-Day BreakOuts Report (read here).
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LABL
- NASDAQ - CONSUMER NON-DURABLES - Packaging & Containers
Multi Color Corp
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$26.18 |
-0.75
-2.78%
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$27.49
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$27.49
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-4.77% |
35,847
81.84%
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43,800
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Most Recent Note for LABL - 8/1/2011 12:48:39 PM
Rallied from below its 50 DMA line to new 52-week high with considerable volume-driven gains noted on the 2 prior sessions. Reported earnings +65% on +36% sales revenues for the quarter ended June 30, 2011. No overhead supply remains to act as resistance, however prior mid-day reports noted - "Prior earnings history is has not been strong and steady enough to match the fact-based investment system guidelines."
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NSC
- NYSE - TRANSPORTATION - Railroads
Norfolk Southern Corp
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$74.96 |
-0.76
-1.00%
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$76.66
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$78.40
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-4.39% |
1,536,676
70.42%
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2,182,200
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Most Recent Note for NSC - 8/1/2011 12:53:46 PM
Pulling back after hitting new 52-week and all-time highs last week while churning above average volume. Reported earnings +33% on +18% sales revenues for the quarter ended June 30, 2011 versus the year ago period. 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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SBUX
- NASDAQ - LEISURE - Specialty Eateries
Starbucks Corp
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$39.50 |
-0.59
-1.47%
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$40.77
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$41.11
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-3.92% |
3,920,522
60.29%
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6,502,700
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Most Recent Note for SBUX - 8/1/2011 1:01:01 PM
Churning above average volume near its 52-week high without making meaningful price progress after 4 weeks of consolidation in an orderly fashion 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 +24% on +12% sales in the quarter ended June 30, 2011 versus the year ago period. The Retail - Restaurants firm is not a good match with the guidelines of the fact-based investment system.
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STMP
- NASDAQ - Retail-Internet
Stamps.com Inc
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$16.89 |
+0.14
0.84%
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$17.88
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$17.88
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-5.54% |
198,993
286.73%
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69,400
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Most Recent Note for STMP - 8/1/2011 1:05:12 PM
Up again today with a second consecutive volume-driven gain. Considerable breakaway gap up on 7/29/11 for a new 52-week high, technically cleared a long base pattern, and it was noted in the mid-day report - "Earnings increased by +125% on +26% sales revenues for the quarter ended June 30, 2011. Showing impressive sequential acceleration in recent quarterly comparisons, but prior quarterly comparisons showed lackluster sales revenues increases well below the +25% guideline, leaving some fundamental concerns."
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TGI
- NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services
Triumph Group Inc
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$53.02 |
-0.82
-1.52%
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$54.82
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$103.80
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-48.92% |
451,543
65.98%
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684,400
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Most Recent Note for TGI - 8/1/2011 1:08:03 PM
Reversed into the red after early gains today following a considerable 7/29/11 rally from a test of support at its 50 DMA line and prior highs, quickly hitting new 52-week highs. Did not form a sound base, however no resistance remains due to overhead supply. Recent quarterly comparisons show huge sales revenues and earnings increases, but a downturn in its FY '10 earnings is a small fundamental flaw.
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TNH
- NYSE - CHEMICALS - Agricultural Chemicals
Terra Nitrogen Co Lp
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$161.09 |
+7.08
4.60%
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$166.97
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$166.97
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-3.52% |
89,528
153.04%
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58,500
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Most Recent Note for TNH - 8/1/2011 1:10:51 PM
Gapped up today for another new 52-week high with another considerable volume-driven gain, getting more extended from any sound base pattern. 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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VRTS
- NASDAQ - FINANCIAL SERVICES - Asset Management
Virtus Investment Ptnrs
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$79.12 |
+0.56
0.71%
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$80.95
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$80.95
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-2.26% |
28,066
78.62%
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35,700
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Most Recent Note for VRTS - 8/1/2011 1:11:49 PM
Churning heavy volume for the past 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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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.
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