Mid-Day Breakouts Report - Monday, August 2nd, 2010

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MIDDAY BREAKOUTS REPORT - MONDAY, AUGUST 2ND, 2010
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DOW 10651.82 185.88 (1.78%) | NASDAQ 2290.61 35.91 (1.59%) | S&P 500 1122.81 21.21 (1.93%)

Time of Screening : 8/2/2010 12:10:29 PM Report Released : 8/2/2010 1:23:32 PM
Price is: Above 52W High and Less Than 52W High but within 7% of the 52 Week High
Volume Is: At least 75% 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
ABV -	$107.19	-2.03 -1.86%	$112.60	1,014,632 142.09% of 50 DAV 50 DAV is 714,100	$112.60 -4.80%	6/29/2010	$104.74	PP = $109.33 MB = $114.80
Most Recent Note - 8/2/2010 12:16:21 PM Y - After gapping up and reaching a new 52-week high it has reversed into the red, which is considered distributional action. This Brazil-based beverage firm is holding its ground while churning a lot of volume today. It found support near its 50 DMA line but did not trigger convincing technical breakout since it was featured in the 6/29/10 mid-day report. >>> The latest Featured Stock Update with an annotated graph appeared on 7/20/2010. Click here.
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CACC - NASDAQ Credit Acceptance Corp	$55.84	-0.14 -0.25%	$56.67	47,341 97.81% of 50 DAV 50 DAV is 48,400	$56.67 -1.46%	7/29/2010	$52.04	PP = $54.07 MB = $56.77
Most Recent Note - 8/2/2010 12:25:50 PM Y - Holding its ground today perched at all-time highs after its 7/29/10 gain with more than twice average volume helped it trade above its pivot point and trigger a technical buy signal. Due to report earning on Tuesday, August 3rd after the close. CACC was featured in the 7/29/10 mid-day report (read here) after quietly reaching new high territory. The 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 7/29/2010. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ARLP - NASDAQ - METALS & MINING - Nonmetallic Mineral Mining Alliance Res Partners Lp	$53.42	+1.19 2.28%	$53.99	$53.99	-1.06%	88,358 92.72%	95,300
Most Recent Note for ARLP - 8/2/2010 12:19:19 PM Gapped up today and hit a new 52-week high. It finished at a new high close after noted in the 7/30/10 mid-day report - "this MLP in the Energy - Coal industry has a quarterly and annual earnings history that has not been strong and steady."
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BGH - NYSE - ENERGY - Oil &; Gas Pipelines Babson Cap Glbl St Hi Yl	$42.45	+0.49 1.17%	$42.50	$42.50	-0.12%	94,056 123.76%	76,000
Most Recent Note for BGH - 8/2/2010 12:21:16 PM Hit a new all-time high today. Last noted 7/19/2010 mid day report - "gradually rising following news on 6/11/10 that it will be acquired by Buckeye Partners LP."
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BMA - NYSE - BANKING - Foreign Regional Banks Banco Macro Sa Ads	$39.21	+1.24 3.27%	$40.27	$40.27	-2.63%	88,301 97.57%	90,500
Most Recent Note for BMA - 8/2/2010 12:22:16 PM Argentina-based bank hit yet another new 52-week high today. It technically broke out on 7/20/10 and was noted in recent mid-day reports - "Quarterly earnings in the 2 latest comparisons showed improvement. However, as we have noted on several other foreign banks appearing in recent mid-day reports, the lack of sales revenues growth is a concern."
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CEVA - NASDAQ - ELECTRONICS - Semiconductor - Specialized Ceva Inc	$12.76	-0.01 -0.08%	$13.08	$13.46	-5.20%	97,591 90.87%	107,400
Most Recent Note for CEVA - 8/2/2010 12:34:50 PM Sales (+16%) and earnings (+50%) increases in the June 30, 2010 ended quarter showed acceleration after streak of comparisons showing weak or negative sales revenues versus the year ago period. It has a good annual earnings (A criteria) history. In recent months it has been trading near 2007 highs and challenging stubborn resistance in the $13 area, but with no overhead supply to act as resistance it has failed to make meaningful upward price progress.
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CIB - NYSE - BANKING - Foreign Regional Banks Bancolombia Sa Ads	$59.27	+0.64 1.09%	$60.58	$63.18	-6.19%	368,876 86.92%	424,400
Most Recent Note for CIB - 8/2/2010 12:39:25 PM Retreating from all-time highs in the past week, with heavy volume indicative of distributional pressure after getting extended from any sound base. Noted in prior mid-day reports - "This Colombia-based bank operating company's quarterly and annual earnings history has been erratic, with sales revenues not growing."
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ERJ - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services Embraer Sa Adr	$27.19	+0.82 3.11%	$27.37	$27.37	-0.66%	1,001,687 94.20%	1,063,400
Most Recent Note for ERJ - 8/2/2010 12:45:19 PM Hitting another new 52-week high today after finishing very strong following its 7/30/10 mid-day report appearance when it had risen from a long flat base and it was noted - "Brazilian maker of commercial aircraft has not produced strong steady annual earnings growth (A criteria) and it has reported negative sales revenues growth versus the year-ago period in 7 consecutive quarterly comparisons through March 2010."
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GSIT - NASDAQ - ELECTRONICS - Semiconductor - Broad Line G S I Technology Inc	$6.93	+0.13 1.91%	$6.97	$6.97	-0.57%	288,166 186.27%	154,700
Most Recent Note for GSIT - 8/2/2010 12:52:38 PM This low-priced stock touched a new 52-week high and all-time high today after finishing strong on the prior session. No overhead supply exists to act as resistance. Noted in the 7/30/10 mid-day report - "Encountered resistance when approaching the $7 threshold in recent months while forming an orderly base-on-base type pattern. It has now strung together 3 consecutive quarterly comparisons showing strong sales and earnings increases (C criteria) after a streak of negative quarterly comparisons versus the year ago period. Leadership (L criteria) in the Semiconductor group is also reassuring. Caution is called for, as the investment system guidelines discourage buying low-priced stocks."
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HE - NYSE - UTILITIES - Electric Utilities Hawaiian Electric Inds	$23.81	+0.26 1.11%	$24.14	$24.80	-3.99%	334,072 79.48%	420,300
Most Recent Note for HE - 8/2/2010 12:55:58 PM Consolidating after hitting a new 52-week high last week. Erratic quarterly earnings and sales history and up and down annual earnings (the A criteria) history raise fundamental concerns.
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IDSA - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Industrial Svcs Of Amer	$18.76	+1.27 7.26%	$18.99	$18.99	-1.21%	438,502 301.58%	145,400
Most Recent Note for IDSA - 8/2/2010 12:59:44 PM Hit another new 52-week high today after stubbornly holding its ground following a streak of gains backed by heavy volume. Technically, it is now extended after rising from an 11-week cup shaped pattern with no handle. The Louisville-based Pollution Control - Services firm still has only 3.55 million shares (S criteria) in the public float after a 3:2 split effective 6/02/10, which could lead to more dramatic price volatility in the event of any abrupt institutional buying or selling. Based on weakness it was dropped from the Featured Stocks list on 9/09/08 and subsequently slumped from $10.94 to as low as $2.39 before rebounding impressively. Recent quarters showed a dramatic upturn in sales revenues and earnings after some negative comparisons.
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JOBS - NASDAQ - DIVERSIFIED SERVICES - Staffing &; Outsourcing Service Fifty One Job Inc Ads	$25.76	+0.65 2.59%	$26.20	$26.20	-1.68%	35,188 77.34%	45,500
Most Recent Note for JOBS - 8/2/2010 1:02:04 PM Hitting another new 52-week high today after stubbornly holding its ground following gains backed by above average volume. 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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KWR - NYSE - CHEMICALS - Specialty Chemicals Quaker Chemical	$36.16	+0.90 2.55%	$37.18	$37.18	-2.75%	217,080 131.09%	165,600
Most Recent Note for KWR - 8/2/2010 1:11:26 PM It gapped up today and hit a new 52-week high. With no overhead supply remaining to act as resistance, it is on the right side of a 15-week cup shaped pattern, and today marks its 3rd consecutive gain backed by above average volume. Its up and down annual earnings (A criteria) is a concern. Since last noted in the 4/26/10 mid-day report its Mar and Jun '10 comparisons showed solid sales revenues and earnings increases versus the year ago period like the previously noted, "Big increases in the quarter ended Dec 31, 2009."
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OPEN - NASDAQ - INTERNET - Internet Software & Services Opentable Inc	$44.48	-0.22 -0.49%	$45.46	$47.52	-6.40%	227,761 91.36%	249,300
Most Recent Note for OPEN - 8/2/2010 1:16:30 PM Consolidating -7% off its all-time high just above support at its 50 DMA and upward trendline. Recently enduring mild distributional pressure after wedging upward, it has not formed a sound base pattern. The C criteria is satisfied as earnings and sales revenues increases have been strong the 3 latest quarterly comparisons versus the year ago period. It got off to a very volatile start after its 5/11/09 IPO at $20, and it slumped for more than 4 months after it completed a Secondary Offering on 9/23/09. The company's management still owns a 32% stake in its shares and top-rated funds owning shares rose from 50 in Sep '09 to 74 in Jun '10..
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ROC - NYSE - CHEMICALS - Specialty Chemicals Rockwood Holdings Inc	$29.99	+0.78 2.65%	$30.05	$31.30	-4.20%	539,224 83.20%	648,100
Most Recent Note for ROC - 8/2/2010 1:20:20 PM Approaching its 52-week high on the right side of a 15-week cup shaped pattern. The Mar and Jun '10 quarters showed better earnings increases, but its up and down annual earnings history (the A criteria) is a fundamental concern.
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VNR - NASDAQ - ENERGY - Oil &; Gas Drilling &; Explorati Vanguard Natural Res Llc	$25.45	+0.06 0.23%	$25.81	$25.81	-1.40%	231,650 89.20%	259,700
Most Recent Note for VNR - 8/2/2010 1:23:08 PM Inching up to a new 52-week high today. Noted in 7/21 and 7/22 mid-day reports - "This Oil & gas firm has an erratic quarterly and annual earnings and sales revenues history, leaving fundamental concerns."
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