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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, AUGUST 11TH, 2010
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DOW 10402.37 -241.88 (-2.27%) | NASDAQ 2206.68 -70.49 (-3.10%) | S&P 500 1092.79 -28.27 (-2.52%)
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Time of Screening :
8/11/2010 12:12:41 PM Report Released :
8/11/2010 1:01:39 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 |
BIDU
- NASDAQ
Baidu Inc Ads
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$84.03
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-3.84
-4.37%
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$86.33
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7,155,647
61.37% of 50 DAV
50 DAV is 11,660,100
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$88.32
-4.86%
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7/14/2010 |
$75.03
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PP = $78.59
MB = $82.52 |
Most Recent Note - 8/11/2010 12:18:52 PM
G - Gapped down from an all-time high today amid broad-based market weakness, pulling back toward its "max buy" level. Recently wedged above prior highs without great volume conviction. No overhead supply remains to act as resistance, and it could go on to produce more climactic gains.
>>> The latest Featured Stock Update with an annotated graph appeared on 7/14/2010. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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NFLX
- NASDAQ
Netflix Inc
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$124.17
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-0.84
-0.67%
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$128.41
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6,346,139
177.37% of 50 DAV
50 DAV is 3,578,000
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$128.42
-3.31%
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8/10/2010 |
$124.05
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PP = $124.00
MB = $130.20 |
Most Recent Note - 8/11/2010 12:55:41 PM
Y - Encountering some distributional pressure yet it touched a new all-time high today. Its 8/10/10 gain with more than 3 times average volume lifted it above the pivot point after an 8-week "double bottom" base, and it may be considered a late-stage technical breakout. Featured in yellow in the 8/10/10 mid-day report (read here) and it was recently noted in the 6/16/10 and 5/13/10 mid-day reports - "Look of a possible 'climax run' in the making. Since its latest strong quarterly report it has been noted as very strong in terms of key investment criteria. NFLX rebounded impressively since it was dropped from the Featured Stocks list on 6/02/09 based on persistent trading under its 50 DMA line. It was first featured in yellow at $37.13 in the 1/29/09 CANSLIM.net Mid-Day Breakouts Report (read here). "
>>> The latest Featured Stock Update with an annotated graph appeared on 8/10/2010. Click here.
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SEC |
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A N
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I M
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
BCE
- NYSE - TELECOMMUNICATIONS - Telecom Services - Domestic
B C E Inc
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$30.57 |
-0.87
-2.77%
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$31.05
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$32.03
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-4.56% |
470,267
58.22%
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807,800
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Most Recent Note for BCE - 8/11/2010 12:16:58 PM
Gapped down today amid broad-based market weakness. This Canadian Telecom Services - Foreign firm has been encountering distributional pressure after recently wedging above stubborn resistance in the $31 area. Sales and earnings history are below guidelines of the fact-based investment system.
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SEC |
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A N
S L
I M
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BMA
- NYSE - BANKING - Foreign Regional Banks
Banco Macro Sa Ads
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$39.86 |
-1.54
-3.72%
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$41.17
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$41.70
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-4.41% |
77,396
83.76%
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92,400
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Most Recent Note for BMA - 8/11/2010 12:21:47 PM
Argentina-based bank is pulling back today after wedging up to reach a new all-time high since last noted on 8/03/10. 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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SEC |
News |
Chart | C
A N
S L
I M
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CASY
- NASDAQ - RETAIL - Super/Mini Markets
Caseys General Stores
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$37.79 |
-0.18
-0.47%
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$37.98
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$39.56
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-4.47% |
1,082,277
126.01%
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858,900
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Most Recent Note for CASY - 8/11/2010 12:22:07 PM
Consolidating since its gap up on 4/09/10 on merger/acquisition news.
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SEC |
News |
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A N
S L
I M
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CMI
- NYSE - MANUFACTURING - Diversified Machinery
Cummins Inc
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$78.54 |
-2.94
-3.61%
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$80.13
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$82.46
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-4.75% |
2,170,684
66.83%
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3,248,000
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Most Recent Note for CMI - 8/11/2010 12:24:43 PM
Perched near its all-time high, holding its ground stubbornly since last noted on 7/27/10 - "It reported strong sales revenues and earnings increases in the quarter ended June 30, 2010. However, its lack of sales revenues growth in prior comparisons and downward turn in FY '09 earnings (A criteria) make it fall below the fundamental guidelines of the fact-based investment system."
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SEC |
News |
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A N
S L
I M
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CPK
- NYSE - UTILITIES - Gas Utilities
Chesapeake Utilities
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$34.89 |
-0.88
-2.46%
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$35.48
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$36.14
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-3.46% |
31,961
68.00%
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47,000
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Most Recent Note for CPK - 8/11/2010 12:27:51 PM
Pulling back today amid broad-based market weakness following a considerable gain on heavy volume for a new 52-week high. This Utility (Gas distribution) firm's earnings history has not been strong and steady.
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A N
S L
I M
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HMIN
- NASDAQ - LEISURE - Lodging
Home Inns & Htls Mgt Ads
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$43.96 |
+0.82
1.90%
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$44.50
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$44.71
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-1.68% |
742,318
206.54%
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359,400
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Most Recent Note for HMIN - 8/11/2010 12:28:37 PM
Perched near its 52 week high, not far beyond stubborn resistance in the $42 area after recently wedging up from a 7-month long cup-with-handle shaped pattern. Noted in prior mid-day reports - "Recent quarterly comparisons showed strong sales and earnings increases that satisfy the C criteria. Annual earnings (A criteria) showed a downturn in FY '08, leaving fundamental concerns."
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IT
- NYSE - DIVERSIFIED SERVICES - Business/Management Services
Gartner Inc
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$27.72 |
-0.51
-1.81%
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$28.11
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$28.58
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-3.01% |
377,342
60.72%
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621,400
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Most Recent Note for IT - 8/11/2010 12:35:57 PM
Pulling back today after a considerable gain on 8/10/10 with 4 times average volume for a new 52-week high and new multi-year high. Recent quarterly comparisons show improving sales revenues and earnings after a streak of negative comparisons and a downward turn in its FY '09 earnings. Its has rebounded impressively, but its fundamentals are below the fact-based system's guidelines. They deteriorated badly as it slumped after it was dropped from the Featured Stocks list on 10/02/08.
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A N
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I M
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JOBS
- NASDAQ - DIVERSIFIED SERVICES - Staffing &; Outsourcing Service
Fifty One Job Inc Ads
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$26.16 |
-0.06
-0.23%
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$26.34
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$27.00
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-3.11% |
36,410
67.68%
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53,800
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Most Recent Note for JOBS - 8/11/2010 12:40:28 PM
Holding its ground stubbornly near its 52-week high, extended from prior chart highs after a recent streak of gains backed by above average volume. It is clear of resistance due to overhead supply. The C criteria is now satisfied by 3 quarterly comparisons showing earnings improvement better than the +25% guideline, but its annual earnings history (A criteria) has been below guidelines of the fact-based investment system.
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A N
S L
I M
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LFL
- NYSE - TRANSPORTATION - Regional Airlines
Latam Airlines Group Adr
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$25.08 |
-0.33
-1.29%
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$25.16
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$26.19
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-4.24% |
320,457
70.91%
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451,900
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Most Recent Note for LFL - 8/11/2010 12:45:23 PM
Pulling back from its 52-week high after recent volume-driven gains. This Chile-based Transportation - Airline firm was noted in recent mid-day reports - "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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A N
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I M
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VGR
- NYSE - TOBACCO - Cigarettes
Vector Group Ltd
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$18.79 |
-0.14
-0.74%
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$18.89
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$19.30
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-2.64% |
202,651
66.31%
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305,600
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Most Recent Note for VGR - 8/11/2010 1:01:15 PM
Holding its ground stubbornly near its 52-week high, working on an advanced "3-weeks tight" type chart pattern. Noted in recent mid-day reports - "This Tobacco firm's 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.
We are not an investment advisor, hence it does
not endorse or recommend any securities or other investments.
Any recommendation contained in this report may not
be suitable for all investors and it is not to be deemed
an offer or solicitation on our part with respect to
the purchase or sale of any securities. All trademarks,
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are the property of their respective owners, and are
likewise used for identification purposes only.
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